ISHARES GOLD TRUST - Annual Report: 2024 (Form 10-K)

iau20241231_10k.htm

Cost

Fair
Value

Realized
Gain (Loss)

Beginning balance

$ $ $—

Gold bullion contributed

—

Gold bullion distributed

() () ()

Gold bullion sold to pay expenses

() () ()

Net realized gain

— — —

Litigation Proceeds(a)

— — —

Net change in unrealized appreciation/depreciation

— — —

Ending balance

$ $ $

(a)	Includes a payment received from a class action settlement related to gold of $.

$ $ $—

Gold bullion contributed

—

Gold bullion distributed

() () ()

Gold bullion sold to pay expenses

() () ()

Net realized gain

— — —

Net change in unrealized appreciation/depreciation

— — —

Ending balance

$ $ $

$ $ $—

Gold bullion contributed

—

Gold bullion distributed

() () ()

Gold bullion sold to pay expenses

() () ()

Net realized gain

— — —

Net change in unrealized appreciation/depreciation

— — () —

Ending balance

$ $ $

Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may redeem their Shares at any time acting through an Authorized Participant and in the prescribed aggregations of Shares; provided, that redemptions of Shares may be suspended during any period while regular trading on NYSE Arca, Inc. (“NYSE Arca”) is suspended or restricted, or in which an emergency exists as a result of which delivery, disposal or evaluation of gold is not reasonably practicable.

The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities.

When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes.

Share activities for the years ended December 31, 2024, 2023 and 2022 were as follows:

$ $ $

Shares redeemed

() () () () () ()

Net decrease

() $() () $() () $()

% of the net asset value of the Trust, paid monthly in arrears. The Sponsor has agreed to assume the following administrative and marketing expenses incurred by the Trust: the Trustee’s fee and reimbursement for its reasonable out‑of‑pocket expenses, the Custodian’s fee, NYSE Arca listing fees, SEC registration fees, printing and mailing costs, audit fees and expenses, and up to $ per annum in legal fees and expenses. The Sponsor may determine in its sole discretion to assume legal fees and expenses of the Trust in excess of the amount required under the Trust Agreement. To the extent that the Sponsor does not voluntarily assume such fees and expenses, they will be the responsibility of the Trust.

$ $

Net investment loss(a)

() () ()

Net realized and unrealized gain (loss)(b)

()

Net increase (decrease) in net assets from operations

()

Net asset value per Share, end of year

$ $ $

Total return, at net asset value(c)

% % ()%

Ratio to average net assets:

Net investment loss

()% ()% ()%

Expenses

% % %

(a)	Based on average Shares outstanding during the year.
(b)	The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment.
(c)	Based on the change in net asset value of a Share during the year.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned in the capacities* indicated thereunto duly authorized.

iShares Delaware Trust Sponsor LLC,
Sponsor of iShares Gold Trust (registrant)

/s/ Shannon Ghia

Shannon Ghia
Director, President and Chief Executive Officer
(Principal executive officer)

Date:

February 18, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities* and on the dates indicated.

/s/ Shannon Ghia

Shannon Ghia
Director, President and Chief Executive Officer
(Principal executive officer)

Date:

February 18, 2025

/s/ Bryan Bowers

Bryan Bowers
Director and Chief Financial Officer
(Principal financial and accounting officer)

Date:

February 18, 2025

/s/ Philip Jensen

Philip Jensen
Director

Date:

February 18, 2025

/s/ Peter Landini

Peter Landini
Director

Date:

February 18, 2025

/s/ Lindsey Haswell

Lindsey Haswell
Director

Date:

February 18, 2025

* The registrant is a trust and the persons are signing in their respective capacities as officers or directors of iShares Delaware Trust Sponsor LLC, the Sponsor of the registrant.

ISHARES GOLD TRUST - Annual Report: 2024 (Form 10-K)

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