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Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

(Amounts in 000’s of US$)		March 31, 2023				December 31, 2022

Level 1
Investment in Bullion		$	1,006,151			$	1,003,576

Changes in ounces of Bullion and their respective values for the three months ended March 31, 2023 and 2022 are set out below:

Changes in ounces of Bullion and their respective values for the three months ended March 31, 2023 and 2022 are set out below:

Three Months Ended March 31, 2023

(Amounts in 000’s of US$, except for ounces data)

Ounces of Bullion Gold Palladium Platinum Silver Total

Opening balance 315,173.6 63,034.7 42,023.2 11,556,366.8 11,976,598.3

Creations 1,393.9 278.8 185.9 51,109.1 52,967.7

Redemptions (9,746.4 ) (1,949.2 ) (1,299.6 ) (357,367.8 ) (370,363.0 )

Transfers of Bullion to pay expenses (467.8 ) (93.6 ) (62.4 ) (17,152.7 ) (17,776.5 )

Closing balance 306,353.3 61,270.7 40,847.1 11,232,955.4 11,641,426.5

Investment in Bullion

Opening balance $ 571,646 $ 111,887 $ 43,326 $ 276,717 $ 1,003,576

Creations 2,528 495 191 1,224 4,438

Redemptions (18,774 ) (2,869 ) (1,274 ) (7,912 ) (30,829 )

Realized gain / (loss) on Bullion distributed for the redemption of Shares 3,138 (657 ) (70 ) 195 2,606

Transfers of Bullion to pay expenses (878 ) (157 ) (64 ) (388 ) (1,487 )

Realized gain / (loss) on Bullion transferred to pay expenses 128 (13 ) — 18 133

Change in unrealized gain / (loss) on investment in Bullion 48,700 (17,393 ) (2,038 ) (1,555 ) 27,714

Closing balance $ 606,488 $ 91,293 $ 40,071 $ 268,299 $ 1,006,151

(Amounts in 000’s of US$, except for ounces data) Three Months Ended March 31, 2022

Ounces of Bullion Gold Palladium Platinum Silver Total

Opening balance 305,852.8 61,170.6 40,780.4 11,214,604.8 11,622,408.6

Creations 35,017.2 7,003.4 4,669.0 1,283,964.5 1,330,654.1

Redemptions (1,402.1 ) (280.4 ) (187.0 ) (51,412.5 ) (53,282.0 )

Transfers of Bullion to pay expenses (453.4 ) (90.7 ) (60.5 ) (16,625.7 ) (17,230.3 )

Closing balance 339,014.5 67,802.9 45,201.9 12,430,531.1 12,882,550.4

Investment in Bullion

Opening balance $ 552,324 $ 120,690 $ 39,108 $ 258,889 $ 971,011

Creations 68,151 18,126 4,957 32,227 123,461

Redemptions (2,561 ) (533 ) (185 ) (1,185 ) (4,464 )

Realized gain / (loss) on Bullion distributed for the redemption of Shares 390 57 (9 ) 102 540

Transfers of Bullion to pay expenses (817 ) (206 ) (61 ) (380 ) (1,464 )

Realized gain / (loss) on Bullion transferred to pay expenses 115 51 (2 ) 30 194

Change in unrealized gain on investment in Bullion 40,815 14,982 625 18,781 75,203

Closing balance $ 658,417 $ 153,167 $ 44,433 $ 308,464 $ 1,164,481