424I: SPDR Gold MiniShares Trust Files Registration Fee Calculation for Fiscal Year 2024

SPDR Gold MiniShares Trust has filed its registration fee calculation for the fiscal year ended September 30, 2024, detailing sales, redemptions, and the resulting fee.

Summary

• SPDR Gold MiniShares Trust has filed a prospectus supplement to calculate its registration fee for the fiscal year ending September 30, 2024.
• The trust reported aggregate sales of securities totaling $2,372,158,720.68 during the fiscal year.
• Aggregate redemptions or repurchases of securities amounted to $1,451,537,737.67.
• The net sales amount, calculated as sales minus redemptions, was $920,620,983.01.
• The applicable fee rate for determining the registration fee was 0.0001531.
• The total registration fee due, exclusive of any interest, is $140,947.07.
• No interest was due as the filing was not made more than 90 days after the end of the fiscal year.
• There were no fee offsets applied, resulting in a net registration fee due of $140,947.07.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, so the sentiment is neutral to slightly positive due to the transparency and compliance.

Positives

• The filing provides a clear breakdown of sales and redemptions for the fiscal year.
• The registration fee calculation is transparent and follows the prescribed rules.
• No interest was due on the registration fee, indicating timely filing.

Industry Context

This filing is a routine regulatory requirement for investment trusts like SPDR Gold MiniShares, ensuring compliance with securities laws and transparency for investors.

Comparison to Industry Standards

• The filing is consistent with standard practices for exchange-traded funds and trusts that are required to calculate and pay registration fees based on their sales and redemption activity.
• Similar filings are made by other commodity-backed trusts and ETFs, such as iShares Gold Trust (IAU) and other SPDR funds, which also report their sales and redemptions and calculate their registration fees annually.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the trust's sales and redemption activity.
• The payment of registration fees is a normal operating expense for the trust.

Key Dates

Keywords

SPDR Gold MiniShares, Registration Fee, Prospectus Supplement, Gold Trust, Securities, Sales, Redemptions, Fiscal Year, Filing Fee