GLTR net assets fall $84.2M (-70.1%) in Q3 as bullion prices drop

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read

Key Changes

• high

  Net assets from operations swung to an $84.2M decrease in Q3 2026 from a $282.0M increase a year earlier, a 70.1% decline.

  MD&A: Net assets from operations verify on EDGAR →
• high

  NAV per share fell 9.11% over nine months to $187.41, driven by an 8.70% drop in the Proportionate Price of bullion.

  MD&A: Nine-month performance verify on EDGAR →
• medium

  Total bullion holdings rose 44% year-over-year to $2.61B, with silver's share of net assets increasing to 32.40% from 27.78%.

  Notes: Bullion holdings view on EDGAR →