Company: GLDW
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001437749-25-015076
Chunk: 2

Company: World Gold Trust
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 2
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     2.3  Cash and Cash Equivalents  
   Cash and cash equivalents, when outstanding, include highly liquid investments of sufficient credit quality with original maturity of three months or less.  

     2.4.  Fair Value Measurement  
   U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value.   Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are:   Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;   Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and   Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments.  
 The following table summarizes GLDM’s investment at fair value:  

      (Amounts in 000’s of US$)             
 March 31, 2025   Level 1    Level 2    Level 3  
 Investment in Gold  $13,227,697  $-  $- 
 Total  $13,227,697   -   - 

      (Amounts in 000’s of US$)             
 September 30, 2024   Level 1    Level 2    Level 3  
 Investment in Gold  $9,161,023  $-  $- 
 Total  $