Schedules of Investments (Unaudited)

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Investment Holdings, Schedule of Investments [Text Block]

Schedules of Investments (Unaudited)

At March 31, 2020 and December 31, 2019

March 31, 2020

Description	Ounces		Cost		Fair Value
Gold bullion		12,571,766	$	16,858,848,412	$	20,227,343,435
Total Investment — 100.02%						20,227,343,435
Less Liabilities — (0.02)%						(4,163,163	)
Net Assets — 100.00%					$	20,223,180,272

December 31, 2019

Description	Ounces		Cost		Fair Value
Gold bullion		11,577,252	$	15,094,673,874	$	17,632,155,037
Total Investment — 100.02%						17,632,155,037
Less Liabilities — (0.02)%						(3,629,955	)
Net Assets — 100.00%					$	17,628,525,082

See notes to financial statements.