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AI brief of an SEC Form 8-K · abrdn Precious Metals Basket ETF Trust (GLTR)

abrdn Precious Metals Basket ETF Trust swaps custodian, JPMorgan replaced by ICBC Standard Bank

Neutral Impact 2 of 5 product/contract Written later

Effective August 8, 2024, JPMorgan Chase Bank N.A. stopped serving as custodian for the trust's gold, silver, platinum and palladium bullion, which moved to ICBC Standard Bank Plc under new allocated and unallocated account agreements. The filing states that all bullion is now held with the new custodian and that no cost or expense was or will be incurred by the trust or its shareholders from the termination.

Key points

  • Termination effective August 8, 2024, the date all bullion transferred to the new custodian
  • Former custodian: JPMorgan Chase Bank N.A.; new custodian: ICBC Standard Bank Plc
  • Trust states no cost or expense was or will be incurred by the trust or shareholders

The filing

Companyabrdn Precious Metals Basket ETF Trust (GLTR)
Form8-K, current report
Filed with the SECAug 14, 2024, 4:18 PM ET
Accession number0001999371-24-010159

Items reported: 1.02 Termination of Material Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.