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Related Parties - Sponsor and Trustee
6 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]  
Related Parties - Sponsor and Trustee
3.
Related Parties – Sponsor and Trustee
 
 
 
 
 
 
 
 
The Trust’s only recurring expense is the Sponsor’s fee which accrues daily at an annual rate equal to 0.40% of the daily NAV, in exchange for the Sponsor assuming the responsibility to pay all ordinary fees and expenses of the Trust.
Affiliates of the Trustee may from time to time act as Authorized Participants or purchase or sell gold or Shares for their own account, as agent for their customers and for accounts over which they exercise investment discretion.