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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
World Gold Trust · 10-Q · Q3 FY2026 · Period ended Jun 30, 2026
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GLDM is a passive investment vehicle. Fluctuations in the value of gold bullion will affect the value of Shares which are designed to reflect the performance of the price of gold bullion, less GLDM’s expenses.