The fund seeks capital appreciation in the long term by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in commodity futures markets.

However, the team gains exposure to the commodity futures markets by investing in commodity futures contracts (Commodity Futures) through GraniteShares COMB Cayman Limited, a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary).

The team invests up to 25% of the fund’s net assets in the Subsidiary.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may not concentrate its investments in securities of issuers in any one industry or group of industries.

The fund may also invest in investment grade fixed income securities.

Also, the fund is called No K-1 because it is designed to operate differently than commodity-based exchange traded funds that distribute a Schedule K-1 to shareholders.

In addition, the fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.

The fund seeks to track the price of gold, before fees and expenses, by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team holds physical gold bars.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund provides a low-cost way to access gold via an ETF.

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

As part of its strategy, the fund employs a passive management or indexing investment approach to track the performance of the Index.

Next, the research team invests significantly in the component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.

The Index measures the performance of up to 60 high income U.S.-listed securities that typically have pass-through structures that require them to distribute substantially all of their earnings to shareholders as cash distributions. 

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index.

In addition, the fund employs a representative sampling strategy, which means that the fund will hold a portfolio of securities with generally the same risk and return characteristics of the Index.

The fund seeks the value of the Shares to reflect, at any given time, the value of the assets owned by the Trust at that time before fees and expenses, by investing in companies outside the United States.

The purpose of the Trust is to own platinum transferred to the Trust in exchange for Shares issued by the Trust.

Each Share represents a unit of fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist primarily of platinum.

The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in platinum.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

However, there may be situations where the Trust will hold cash.