Goldman Sachs Physical Gold ETF

The Goldman Sachs Physical Gold ETF operates as an investment trust that enables investors to access the physical gold market through the securities market. The trust issues and redeems shares in large aggregations called baskets solely in exchange for physical gold bullion conforming to London Good Delivery Standards. It does not actively manage investments or trade commodity futures contracts. The trust serves authorized participants who directly create and redeem share baskets, as well as institutional and individual investors who access the shares through brokerage accounts.

The trust operates without officers, directors, or employees, relying on Goldman Sachs Asset Management, L.P. as its sponsor to oversee operations and service providers. A designated custodian stores and safeguards the underlying physical gold bullion on behalf of the trust. The sponsor's office is located in New York, New York, and the trust is governed by New York state law.

Summary of the business section of Goldman Sachs Physical Gold ETF's latest annual report, written by StockData.

“The Trust does not have any directors, officers or employees. The following persons, who are officers of the Sponsor, perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by them. … Item 11. Executive Compensation.”