Significant Accounting Policies (Tables)

6 Months Ended

Mar. 31, 2018

Summary of Trust's Investments at Fair Value

The following table summarizes the Trust’s investments at fair value:


(Amounts in 000’s of US$) March 31, 2018	Level 1		Level 2		Level 3
Investment in Gold	$	36,013,428	$	—	$	—

Total	$	36,013,428	$	—	$	—

(Amounts in 000’s of US$) September 30, 2017	Level 1		Level 2		Level 3
Investment in Gold	$	35,669,225	$	—	$	—

Total	$	35,669,225	$	—	$	—

Gold Receivable

Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to the Trust’s account. Generally, ownership of the gold is transferred within two business days of the trade date.


(Amounts in 000’s of US$)	Mar-31, 2018		Sep-30, 2017
Gold receivable	$	—	$	—

Gold Payable

Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of the Trust’s account. Generally, ownership of the gold is transferred within two business days of the trade date


(Amounts in 000’s of US$)	Mar-31, 2018		Sep-30, 2017
Gold payable	$	—	$	—

Creations and Redemptions of Shares

Activity in the number of Shares issued and outstanding for the six months ended March 31, 2018 and for the year ended September 30, 2017, are as follows:


(Amounts are in 000’s)	Six Months Ended Mar-31, 2018			Year Ended Sep-30, 2017
Activity in Number of Shares Issued and Outstanding:
Creations		32,200			92,500
Redemptions		(37,900	)		(119,400	)

Net increase/(decrease) in Number of Shares Issued and Outstanding		(5,700	)		(26,900	)


(Amounts in 000’s of US$)	Six Months Ended Mar-31, 2018			Year Ended Sep-30, 2017
Activity in Value of Shares Issued and Outstanding:
Creations	$	4,003,820		$	11,161,181
Redemptions		(4,686,586	)		(13,903,151	)

Net increase/(decrease) in Value of Shares Issued and Outstanding	$	(682,766	)	$	(2,741,970	)