SGOL — what changed in the latest 10-Q
A section-by-section comparison of SGOL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +3 | −5 | ~3 | 13 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
The decrease in net assets from operations for the quarter ended June 30, 2026 was $ 989,228,618 resulting from a change in unrealized loss on investment in gold of $1,083,735,703 and the Sponsor’s Fee of $3,272,416, offset by a realized gain of $1,880,689 on the transfer of gold to pay expenses and…
The NAV per Share decreased 6.62% from $41.06 at December 31, 2025 to $38.34 at June 30, 2026. The Trust’s NAV per Share fell slightly more than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $6,719,329 for the period, or 0.17% of the Trust’s ANAV on an annuali…
The decrease in net assets from operations for the period ended June 30, 2026 was $492,168,793 resulting from a change in unrealized loss on investment in gold of $674,735,702 and the Sponsor’s Fee of $6,719,329, offset by a realized gain of $3,711,787 on the transfer of gold to pay expenses and a r…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
The NAV per Share of $51.50 at January 29, 2026 was the highest during the quarter, compared with a low of $41.48 at January 2, 2026.
The increase in net assets from operations for the quarter ended March 31, 2026 was $497,059,823 resulting from a realized gain of $1,831,098 on the transfer of gold to pay expenses, a realized gain of $89,675,639 on gold distributed for the redemption of Shares, and a change in unrealized gain on i…
The NAV per Share increased 19.30% from $24.92 at December 31, 2024 to $29.73 at March 31, 2025. The Trust’s NAV per Share increased slightly less than the price per ounce of gold on a percentage basis due to the Sponsor’s Fee, which was $1,780,514 for the quarter, or 0.17% of the Trust’s ANAV on an…
The NAV per Share of $29.73 at March 31, 2025 was the highest during the quarter, compared with a low of $25.14 at January 6, 2025.
The increase in net assets from operations for the quarter ended March 31, 2025 was $737,787,001 resulting from a realized gain of $605,773 on the transfer of gold to pay expenses, a realized gain of $28,901,370 on gold distributed for the redemption of Shares, and a change in unrealized gain on inv…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice