The investment seeks to track the performance of the Solactive GLD® Long USD Gold Index (the “index”), less the expenses of the fund’s operations. The index is a transparent, rules-based index published by Solactive AG (the “index provider”). The index seeks to track the daily performance of a long position in physical gold (as represented by the Gold Price) and a short position in a basket (the “FX Basket”) of non-U.S. currencies (i.e., a long USD exposure versus the FX Basket). The fund’s holdings generally will consist entirely of Gold Bullion.