Goldman Sachs Physical Gold ETF reports unaudited results for the three months ended March 31, 2026, showing performance driven by moves in the gold price. Net assets rose to $2.82 billion with 611,991.8 ounces of gold held at period end.
Net asset value per share increased from $42.51 to $45.46, with a total return of 6.94% at NAV and 8.55% at market price. The Trust recorded a net increase in net assets from operations of $164.1 million, almost entirely from realized and unrealized gains on gold, offset by a Sponsor Fee of $1.31 million.
The ETF created 2,926,000 shares and redeemed 700,000 shares during the quarter, ending with 62,030,722 shares outstanding. Gold’s LBMA PM price ended at $4,608.35 per ounce, up 5.51% from December 31, 2025, and the Trust continued to operate as a passive, physically backed grantor trust.
Goldman Sachs Physical Gold ETF (AAAU) reported strong 2025 Q3 results tied to higher gold prices. Net assets reached $1,969,759,192 with a NAV per share of $37.77 as of September 30, 2025. The Trust held 515,000.3 ounces of gold valued at $1,970,030,751, up from $889,742,864 at year-end 2024. Gold ended the period at $3,825.30/oz, lifting performance.
For the quarter, total return was 16.32% at NAV (market return 16.65%). Year to date, total return was 46.34% at NAV (market 46.95%). Net increase in net assets from operations was $264.7 million for Q3 and $522.7 million for the nine months, driven by unrealized appreciation on gold.
Fund flows expanded the vehicle: Q3 creations were 4,600,000 shares (184 Baskets) with no redemptions; year to date, creations were 19,338,722 shares and redemptions 1,650,000 shares. The Sponsor fee ran at an annualized 0.18%, the Trust’s only ordinary expense. Shares outstanding were 56,704,722 as of November 3, 2025.