On this page of Benford's Law Stocks.com we present our study of abrdn Gold ETF Trust — ticker symbol SGOL. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/9/2024 to 3/2/2026 for abrdn Gold ETF Trust under CIK number 0001450923. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for SGOL, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for abrdn Gold ETF Trust based on the past SGOL filings our system processed in the past.
39.6
14.0
14.0
7.9
9.8
2.4
7.3
1.2
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 164
Recent share count: 182,400,000 (1's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
164
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 2 numbers to move any given column by a full percentage point.
57

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was below the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the company's typical historical range.
 • We deducted points upon observing the 8's percentage was below the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
SGOL
Low score compared to other filers, falling in the bottom quartile.
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Check our work! We provide our abrdn Gold ETF Trust Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SGOL filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 65 numbers that start with the digit 1. Here they are:
182,400,000
1,057
1,057
178,600,000
150,700,000
1,702,351.9
100.01
1,702,351.9
100.01
1,057
100.00
1,438,867.8
100.01
1,438,867.8
100.01
100.00
1,604
161,708
16.11
164,734,795
143,749,454
143,583,562
150,700,000
165,464
1,302,653
12,300,000
178,600,000
142,200,000
17,600,000
196,989
150,700,000
140,600,000
15,800,000
14,200,000
142,200,000
19.88
17.37
16.20
16.14
19.88
164,734,795
143,749,454
143,583,562
17
17
17
17
17
17
14.45
100,000
100,000
1,438,867.8
1,360,020.7
168,136.1
117,346.5
1,702,351.9
1,438,867.8
1,302,653
196,989
161,708
1,604
17
100,000
1,056,687
We found 23 numbers that start with the digit 2. Here they are:
2,476,303
24.92
2,476,303
2,476,303
2,497,483
2,662,947
2,653,692
2.41
2,497,483
2,826,258
2,442,783
297,378
259,646
2,826,258
24.92
2.54
2.51
24.92
25.35
2,636.9
2,322.9
2,826,667
2,497,483
We found 23 numbers that start with the digit 3. Here they are:
3,555,799
3,756,668
3,756,668
3,756,120
3,555,799
3,555,799
3,756,668
3,756,668
3,756,120
3,756
308,294
350,287
345,743
3,756,120
379,875
3,756,120
308,294
3,756,668
383,467.5
3,756,668
379,875
3,756
3,756,668
4's 5's 6's
We found 13 numbers that start with the digit 4. Here they are:
41.06
4,544
4,544
4,544
41,270
4.94
40,200,000
416,212
4,544
41,993
41.06
416,212
4,543,699
We found 16 numbers that start with the digit 5. Here they are:
5,197,792,000
548
548
548
5,596
5,596
5,596
53,307
5,596
54,911
5.08
5.04
53,307
5,457
5,595,961
548,448
We found 4 numbers that start with the digit 6. Here they are:
661,324
661,324
64.77
661,324
7's 8's 9's
We found 12 numbers that start with the digit 7. Here they are:
7,333,647
7,333,647
7,332,590
7,333,647
7,333,647
7,332,590
723
716,235
710,639
7,332,590
7,333,647
7,333,647
We found 2 numbers that start with the digit 8. Here they are:
86,966.1
8,746
We found 6 numbers that start with the digit 9. Here they are:
9,255
9,255
9,255
9,255
9,100,000
9,255,459
While the above SGOL 10K Filed 3/2/2026 is interesting in isolation, we have found that it is also useful to take a look at older abrdn Gold ETF Trust filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 3/2/2026 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical SGOL 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

39.6
14.0
14.0
7.9
9.8
2.4
7.3
1.2
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 57
XBRL?   [ original filing ]
Total numbers found: 164

= Typical SGOL range from 5/9/2024 to 3/2/2026
47.1
17.6
8.8
9.6
4.4
5.9
5.1
0.0
1.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL?   [ original filing ]
Total numbers found: 136

= Typical SGOL range from 5/9/2024 to 3/2/2026
46.9
24.6
11.2
4.5
3.6
3.1
1.3
2.2
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL?   [ original filing ]
Total numbers found: 224

= Typical SGOL range from 5/9/2024 to 3/2/2026
37.9
12.9
17.9
4.5
7.6
9.4
3.1
4.9
1.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 29
XBRL?   [ original filing ]
Total numbers found: 224

= Typical SGOL range from 5/9/2024 to 3/2/2026
37.0
21.0
12.3
14.2
9.9
1.9
2.5
0.6
0.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 49
XBRL?   [ original filing ]
Total numbers found: 162

= Typical SGOL range from 5/9/2024 to 3/2/2026
55.4
28.1
1.4
5.8
2.2
2.9
0.7
0.0
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 30
XBRL?   [ original filing ]
Total numbers found: 139

= Typical SGOL range from 5/9/2024 to 3/2/2026
40.1
19.4
14.0
1.8
10.4
5.0
3.6
4.1
1.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 222

= Typical SGOL range from 5/9/2024 to 3/2/2026
38.8
17.0
16.5
7.6
8.0
6.7
4.0
0.4
0.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 224

= Typical SGOL range from 5/9/2024 to 3/2/2026
 

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