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The fund will invest at least 80% of its NAV in SPDR Gold Trust (master fund), an exchange traded fund (ETF) managed by the World Gold Trust Services, LLC and traded on the Stock Exchange of Hong Kong (SEHK). The master fund's objective is designed to track the price of gold (net of trust expenses). Additionally, the fund will not invest in structured note and noninvestment grade/unrated securities, but may invest in derivatives for hedging purpose only.
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