Company: GLDW
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001437749-25-002864
Chunk: 5

Company: World Gold Trust
Filing Date: 2025-02-05
Form: 10-Q
Item: Item 8
Chunk 5
---
   (826,139)  (255,238)
 Net change in Value of Shares Created and Redeemed  $168,091  $15,951 

     2.9.  Income and Expense (Amounts in 000’s of US$)  
   The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling gold to pay expenses, the Administrator will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold. Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodians at the LBMA Gold Price PM following the sell order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) from investment in gold sold to pay Sponsor expenses on the Statement of Operations.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2024 of $(68,661) is made up of a realized gain/(loss) of $616 from the sale of gold to pay Sponsor fees, a realized gain/(loss) of $221,085 from gold distributed for the redemption of shares, and a change in unrealized gain/(loss) of $(290,362)on investment in gold.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2023 of $583,559 is made up of a realized gain/(loss) of  $135 from the sale of gold to pay Sponsor fees, a realized gain/(loss) of $20,609 from gold distributed for the redemption of shares, and a change in unrealized gain/(loss) of $562,815 on investment in gold.  

     2.10.  Income Taxes  
   GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject to U.S. federal income tax. Instead, its income and expenses “flow through” to the shareholders, and the Administrator will report GLDM’s proceeds, income, deductions, gains and losses to the Internal Revenue Service on that basis.   The Sponsor has evaluated whether