Quarterly ResultMay 12, 2026, 04:48 PM
Sprott Physical Gold Trust Q1 Net Assets $17.28B; Gold Holdings 3.69M Oz
AI Summary
Sprott Physical Gold Trust reported a significant increase in net assets to $17.28 billion as of March 31, 2026, up from $15.98 billion at year-end 2025. The Trust's return for the quarter was 7.9%, slightly below the 8.1% return on spot gold. The period saw substantial unit issuance and redemption activity, with management fees increasing to $15.7 million.
Key Highlights
- Net assets increased to $17.28 billion ($36.24 per unit) as of March 31, 2026.
- Physical gold bullion holdings were 3,688,439 troy ounces.
- Trust returned 7.9% for Q1 2026, compared to spot gold's 8.1%.
- Issued 13.75 million units for $504.6 million via ATM Program.
- Redeemed 12.55 million units for $514.4 million of gold bullion.
- Net change in unrealized gains on gold bullion was $1,004.7 million.
- Net realized gains on redemptions and sales of gold bullion were $322.7 million.
- Management fees increased to $15.7 million for the quarter.