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Derivative Contract Information

3 Months Ended

Dec. 31, 2017

Derivative Contract Information

8. Derivative Contract Information

For the three months ended December 31, 2017, the effect of derivative contracts on the Fund’s Statement of Operations was as follows:

Risk exposure derivative type		Location of Gain or Loss on Derivatives Recognized in Income		Three months ended Dec-31, 2017
(Amounts in 000’s of US$)
Currency Risk		Net Realized gain/(loss) on Gold Delivery Agreement			$(118)

The table below summarizes the average daily notional value of derivative contracts outstanding during the period:

		Three months ended Dec-31, 2017				Fiscal period ended Sep-30, 2017
(Amounts in 000’s of US$)
Average notional		$	17,674			$	22,963

The notional of the contract varies daily based on the amount of gold held at the Custodian.

At December 31, 2017, as well as the fiscal period ended September 30, 2017, the Fund’s over-the-counter (“OTC”) derivative assets and liabilities are as follows:

		Gross Amounts of Assets and Liabilities Presented in the Statement of Financial Condition
		Assetsa				Liabilitiesa
Derivatives
Gold Delivery Agreement		$	—			$	—

^a Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset on the Statement of Financial Condition.

At December 31, 2017, as well as the fiscal period ended September 30, 2017, the Fund’s OTC derivative assets, which may offset against the Fund’s OTC derivative liabilities and collateral received from the counterparty, are as follows:

Amounts Not Offset in the Statement of Financial Condition

Gross Amounts of Assets Presented in the Statement of Financial Condition

Financial Instruments Available for Offset

Financial Instruments Collateral Received

Cash Collateral Received

Net Amount

Counterparty

Merrill Lynch International

$

—

$

—

$

—

$

—

$

—

At December 31, 2017, as well as the fiscal period ended September 30, 2017, the Fund’s OTC derivative liabilities, which may offset against the Fund’s OTC derivative assets and collateral pledged from the counterparty, are as follows:

Amounts Not Offset in the Statement of Financial Condition

Gross Amounts of Liabilities Presented in the Statement of Financial Condition

Financial Instruments Available for Offset

Financial Instruments Collateral Pledged

Cash Collateral Pledged

Net Amount

Counterparty

Merrill Lynch International

$

—

$

—

$

—

$

—

$

—

SPDR Long Dollar Gold Trust [Member]

Derivative Contract Information

8. Derivative Contract Information

For the three months ended December 31, 2017, the effect of derivative contracts on the Fund’s Statement of Operations was as follows:

Risk exposure derivative type		Location of Gain or Loss on Derivatives Recognized in Income		Three months ended Dec-31, 2017
(Amounts in 000’s of US$)
Currency Risk		Net Realized gain/(loss) on Gold Delivery Agreement			$(118)

The table below summarizes the average daily notional value of derivative contracts outstanding during the period:

		Three months ended Dec-31, 2017				Fiscal period ended Sep-30, 2017
(Amounts in 000’s of US$)
Average notional		$	17,674			$	22,963

The notional of the contract varies daily based on the amount of gold held at the Custodian.

At December 31, 2017, as well as the fiscal-period ended September 30, 2017, the Fund’s over-the-counter (“OTC”) derivative assets and liabilities are as follows:

		Gross Amounts of Assets and Liabilities Presented in the Statement of Financial Condition
		Assetsa				Liabilitiesa
Derivatives
Gold Delivery Agreement		$	—			$	—

^a Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset on the Statement of Financial Condition.

At December 31, 2017, as well as the fiscal-period ended September 30, 2017, the Fund’s OTC derivative assets, which may offset against the Fund’s OTC derivative liabilities and collateral received from the counterparty, are as follows:

Amounts Not Offset in the Statement of Financial Condition

Gross Amounts of Assets Presented in the Statement of Financial Condition

Financial Instruments Available for Offset

Financial Instruments Collateral Received

Cash Collateral Received

Net Amount

Counterparty

Merrill Lynch International

$

—

$

—

$

—

$

—

$

—

At December 31, 2017, as well as the fiscal-period ended September 30, 2017, the Fund’s OTC derivative liabilities, which may offset against the Fund’s OTC derivative assets and collateral pledged from the counterparty, are as follows:

Amounts Not Offset in the Statement of Financial Condition

Gross Amounts of Liabilities Presented in the Statement of Financial Condition

Financial Instruments Available for Offset

Financial Instruments Collateral Pledged

Cash Collateral Pledged

Net Amount

Counterparty

Merrill Lynch International

$

—

$

—

$

—

$

—

$

—

X

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-URI http://asc.fasb.org/topic&trid=2229140

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