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Sprott Physical Gold Trust filings document a foreign private issuer structured as a closed-end mutual fund trust focused on long-term holdings of unencumbered, fully allocated physical gold bullion. The trust's Form 6-K reports include interim management reports of fund performance and unaudited interim financial statements, and its registration materials include Form F-10 disclosure incorporated by reference from those reports.
Sprott Physical Gold Trust focuses on holding unencumbered, fully allocated physical gold bullion, with 99.8% of net asset value in gold as of June 30, 2026. Net assets were $14,748.8 million, or $31.10 per unit, down from $33.60 per unit at December 31, 2025.
For the six months ended June 30, 2026, the Trust recorded a net loss of $1,140.1 million, driven by a net change in unrealized losses on gold bullion of $1,514.5 million, partly offset by net realized gains of $407.2 million, as the gold spot price fell from $4,319.37 to $4,008.02 per troy ounce. The Trust returned -7.5% versus spot gold at -7.2%, with units trading at an average 2.5% discount to NAV and a management expense ratio of 0.39%. During the period, it issued 16.2 million units for $588.4 million and redeemed 17.5 million units for $674.0 million of bullion (plus $10.7 million cash), ending with 3,671,731 troy ounces of gold.
Sprott Physical Gold Trust posted net income of $1,310,547 thousand for the three months ended March 31, 2026, driven by strong gains on its gold holdings. Net assets rose to $17,275.6 million, or $36.24 per unit, up from $33.60 at year-end.
The Trust returned 7.9% over the period versus 8.1% for spot gold. It held 3,688,439 troy ounces of physical gold bullion, with spot gold at $4,668.06 per ounce. Units traded at a modest average discount of about 2.3% to net asset value and operating expenses were low at 0.02% of average net assets on an annualized basis.
Sprott Physical Gold Trust files its annual report on Form 40-F including an Annual Information Form, Management's Discussion and Analysis, and audited financial statements for the fiscal year ended December 31, 2025. The filing incorporates KPMG LLP's audit and attestation reports and exhibits including certifications and the Interactive Data File.
Shares outstanding were 475,484,857 as of the close of the period covered by the annual report.
Sprott Physical Gold Trust filed a Form 6-K furnishing its Interim Management Report of Fund Performance and unaudited interim financial statements as of September 30, 2025. The materials are attached as Exhibit 99.1 and provide an update on the Trust’s operations and financial position for the interim period.
Exhibit 99.1 is incorporated by reference into the Trust’s Form F-10 (File No. 333-291125), filed on October 28, 2025.