Texas Precious Metals Trust reported results for its two physical-metal funds from July 14 through September 30, 2026. At period-end, the Gold Fund had net assets of $10,434,836 and total return at NAV of 2.40%; the Silver Fund had net assets of $5,459,300 and total return at NAV of 4.80%.
From September 30 to November 9, Gold Fund net assets increased 49.9%, as a 52.0% increase in shares outstanding was partly offset by a 1.4% decrease in NAV per share. Silver Fund net assets decreased 51.8%, alongside a 44.4% decrease in shares outstanding and a 13.2% decrease in NAV per share. Annualized Sponsor’s Fee rates are 0.24% for gold and 0.39% for silver.
As of September 30, all physical metal was held at the custodian’s Hempstead, New York vault, and the funds are not beneficiaries of the insurance policies covering that location. The Sponsor concluded that disclosure controls and procedures were effective as of September 30.