IAUM – iShares® Gold Trust Micro – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to reflect generally the performance of the price of gold. The Advisor intends to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IAUM	iShares® Gold Trust Micro	ETF	Open	—	—	Jun 15, 2021	—	0.090%	—	—	—
IAUM	iShares® Gold Trust Micro	ETF	Open	—	—	Jun 15, 2021	$7.98B	0.090%	—	—	$3.04B

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