iShares Gold Trust Micro

iShares Gold Trust Micro is an investment trust established to hold physical gold in exchange for shares. The trust issues and redeems shares in large blocks called baskets exclusively through registered broker-dealers designated as authorized participants. The trust is not actively managed and does not trade futures, lend its gold, or engage in activities designed to profit from gold price movements. Shares are backed by allocated physical gold bars held by the custodian, providing both retail and institutional investors with a cost-effective vehicle to gain exposure to gold prices through brokerage accounts on the secondary market.

The trust's gold is held in secure vault facilities located in New York and London, with provisions allowing storage in England, the United States, or Canada through authorized sub-custodians. Formed as a New York grantor trust, the entity operates without dedicated corporate offices, executive officers, or employees, and is administered by its sponsor in Delaware along with a New York trustee.

Summary of the business section of iShares Gold Trust Micro's latest annual report, written by StockData.