* The LBMA PM Gold Price is the afternoon (PM) benchmark price for unallocated gold delivered in London and is administered by ICE Benchmark Administration. The benchmark reflects the U.S. dollar price of gold per troy ounce and is based on the wholesale market for gold.

The Fund has limited or no operating history and therefore does not have performance history for the periods shown. As a result, the performance of the LBMA PM Gold Price is presented for informational purposes only to provide a general indication of the historical performance of the gold market.

The LBMA PM Gold Price is an unmanaged benchmark and is not an index in which investors can invest directly. Benchmark performance does not reflect the deduction of fees, expenses, or taxes, which would reduce returns. The benchmark reflects only changes in the price of gold and does not include any income, as gold does not generate yield.

The Fund's investment strategy, fees, expenses, and holdings may differ significantly from those of the benchmark. The Fund may not track the performance of the price of gold and may perform differently due to a variety of factors, including but not limited to management fees, operating expenses, portfolio implementation, trading costs, liquidity constraints, and other market factors.

In addition, the benchmark reflects the spot price of gold and does not account for the costs associated with buying, storing, insuring, or transporting physical gold, which may be borne by the Fund either directly or indirectly.

The benchmark is shown for illustrative purposes only and should not be considered a proxy for the Fund's performance. Past performance of the benchmark is not indicative of future results.