Here are the 10-K annual reports from abrdn Physical Gold Shares ETF (SGOL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SGOL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SGOL filings page.
abrdn Gold ETF Trust files an amended annual report for the year ended December 31, 2025. The amendment is solely to add KPMG’s previously omitted audit report and to re-execute related officer certifications; all other disclosures from the original filing remain unchanged.
The Trust holds only physical gold bullion and aims for its shares to mirror the gold price less expenses. Redeemable value of its shares rose from $3,756,119,448 at December 31, 2024 to $7,332,589,978 at December 31, 2025, with outstanding shares increasing from 150,700,000 to 178,600,000. As of February 26, 2026, 182,400,000 shares were outstanding. The Sponsor’s Fee is 0.17% of adjusted net asset value and totaled $9,255,459 in 2025.
abrdn Gold ETF Trust reports on a year of significant growth in its 2025 annual filing. The Shares at redeemable value rose from $3,756,119,448 at December 31, 2024 to $7,332,589,978 at December 31, 2025, while outstanding Shares increased from 150,700,000 to 178,600,000.
The Trust’s objective is for its Shares to track the price of physical gold bullion, less expenses, giving investors a simple way to gain gold exposure without handling, insuring, or storing metal. Assets consist solely of gold bullion, and the Trust is not an investment company or commodity pool.
The 2025 year was shaped by a sharp rally in gold: the spot price closed up 65% at $4,307.95 per ounce, influenced by tariffs, central bank reserve diversification and expectations for U.S. interest-rate cuts. As of June 30, 2025, non-affiliate float was valued at $5,197,792,000, and Shares outstanding reached 182,400,000 by February 26, 2026.
Operationally, the Trust continues to value its gold using the LBMA Gold Price PM and relies on authorized participants to create and redeem 100,000-Share Baskets in exchange for physical gold. The Sponsor’s Fee, the Trust’s primary recurring expense, totaled $9,255,459 for 2025 at an annualized rate of 0.17% of adjusted NAV.