CGL.C – iShares Gold Bullion ETF (Non-Hedged) – ETF Investment Strategy | Morningstar

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Strategy

The investment objective of CGL is to replicate the performance of the price of gold bullion, less CGL’s fees and expenses. To achieve its investment objective, CGL invests in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes (“Gold Bullion”). In accordance with its investment objective, strategy, policies and restrictions, the assets of CGL consist of Gold Bullion that CGL purchases and holds, cash, permitted gold certificates, if any, and, in relation to the Hedged Units, the forward contracts relating to the currency hedge.

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
CGL	iShares Gold Bullion ETF (CAD-Hedged)	ETF	Open	—	—	May 28, 2009	CA$2.05B	—	Below Average	—	CA$46.76M
CGL.C	iShares Gold Bullion ETF (Non-Hedged)	ETF	Open	—	—	Mar 31, 2011	CA$774.10M	—	Below Average	—	CA$65.32M

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