Fund Description: Sprott ESG Gold ETF, is under the Sprott ESG Gold ETF Trust. The Sprott ESG Gold ETF Trust is a common law trust and is not registered as an investment company under the Investment Company Act of 1940. <p> INVESTMENT OBJECTIVE: Sprott ESG Gold ETF seeks to reflect generally the performance of the price of gold before payment of the Trust’s expenses and liabilities. <p> TRUST DESCRIPTION: The Shares represent beneficial interest in the Trust, which in turn will consist primarily of fully allocated unencumbered physical gold bullion that is that meets certain environmental, social and governance (“ESG”) standards and criteria established by the Sponsor. The Trust’s assets will also include unallocated physical gold bullion stored by the Mint in unallocated accounts on behalf of the Trust and cash. Unallocated gold is gold stored by or on behalf of the Mint in a pool on behalf of its customers; gold in that pool is not specifically designated as being held by a particular customer and shall mean, for purposes of the Trust, any gold that does not qualify as Sprott ESG Approved Gold. While there is no minimum amount of Sprott ESG Approved Gold that the Trust will hold, the Sponsor expects to exchange the Trust’s holdings of unallocated physical gold into Sprott ESG Approved Gold as soon as reasonably practicable, to the extent that unallocated physical gold is not needed under the circumstances described below. The term “Sprott ESG Approved Gold” refers to gold that is physically indistinguishable from other gold but that has been sourced and produced in a manner consistent with the standards and criteria that are established by the Sponsor (the “ESG Criteria”), which are designed to provide investors with an enhanced level of ESG scrutiny along with disclosure of the provenance of the metal sourced, and include an evaluation of mining companies and mines. The ESG Criteria are anticipated to evolve over time at the discretion of the Sponsor. <p> TRUST MANAGEMENT: Sprott Asset Management USA Inc. serves as investment adviserto the Trust. The Royal Canadian Mint (the “Gold Custodian” or the “Mint”) is the custodian of the Trust’s physical gold bullion. The Mint also produces Sprott ESG Approved Gold in bar form for the Trust. The Bank of New York Mellon is the custodian for the Trust’s U.S. dollars and the administrator and transfer agent of the Trust.