Fund Description: iShares Gold Trust, formerly iShares COMEX Gold Trust, issues shares representing fractional undivided beneficial interests in its net assets. The assets of the trust consist primarily of gold held by a custodian on behalf of the trust. <p> INVESTMENT OBJECTIVE: The iShares Gold Trust seeks to reflect generally the performance of the price of gold less the trust’s expenses and liabilities. The iShares Gold Trust is not a standard ETF. The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. <p> TRUST STRATEGY: Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing Baskets of Shares in exchange for the gold deposited with the Custodian as consideration; selling gold as necessary to cover the Sponsor’s fee, Trust expenses not assumed by the Sponsor and other liabilities, and delivering gold in exchange for Baskets of Shares surrendered for redemption. <p> TRUST MANAGEMENT: The sponsor of the Trust is BlackRock Asset Management International Inc.