the three months ended March 31, 2022 and 2021 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Per Share Performance (for a Share outstanding throughout the entire period) Net asset value per Share at beginning of period $ 17.33 $ 18.14 Income from investment operatio Net investment loss ( 0.01 ) ( 0.01 ) Total realized and unrealized gains or losses on investment in gold 1.31 ( 1.88 ) Change in net assets from operations 1.30 ( 1.89 ) Net asset value per Share at end of period $ 18.63 $ 16.25 Weighted average number of Shares 142,513,333 145,787,778 Expense ratio (1) 0.17 % 0.17 % Net investment loss ratio (1) ( 0.17 )% ( 0.17 )% Total return, net asset value (2) 7.50 % ( 10.42 )% (1) Annualized