The Fund aims to provide investment results denominated in RMB that, before fees and expenses and other hedging costs, closely correspond to the performance of the LBMA Gold Price AM in USD. The Fund will seek to hedge against the foreign exchange rate movements between RMB and USD so that its performance in RMB will, before fees and expenses and other hedging costs, track the performance of the LBMA Gold Price AM in USD as closely as possible.