GraniteShares Gold Trust

GraniteShares Gold Trust is a passive trust that owns allocated physical gold bullion and allows retail and institutional investors to gain fractional ownership through publicly traded shares representing units of beneficial interest in the trust's holdings. The trust provides a cost-effective alternative to direct physical gold ownership by enabling small cash investments to access gold exposure without the complexity and high minimum amounts associated with purchasing and storing physical bars. The trust generates revenue through an annual sponsor fee based on net asset value, which covers all ordinary operating costs including trustee, custodian, and regulatory expenses, while remaining assets are held in segregated London vaults and investors access liquidity through secondary market trading or redemptions facilitated by authorized participants.