0000919574-22-004360.txt : 20220726 0000919574-22-004360.hdr.sgml : 20220726 20220726164845 ACCESSION NUMBER: 0000919574-22-004360 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220726 DATE AS OF CHANGE: 20220726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: wShares Enhanced Gold ETF CENTRAL INDEX KEY: 0001799858 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 846953191 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-235913 FILM NUMBER: 221107651 BUSINESS ADDRESS: STREET 1: 2 PARK AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: (212) 485-8922 MAIL ADDRESS: STREET 1: 2 PARK AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: Wilshire wShares Enhanced Gold Trust DATE OF NAME CHANGE: 20200825 FORMER COMPANY: FORMER CONFORMED NAME: United States Gold & Treasury Investment Trust DATE OF NAME CHANGE: 20200113 424B3 1 d9718056_424b-3.htm
Filed Pursuant to Rule 424(b)(3) 
File No. 333-235913
wSHARES ENHANCED GOLD ETF
Supplement dated July 26, 2022
to
Amended and Restated Prospectus dated April 16, 2021
This supplement (the “Supplement”) updates the amended and restated prospectus of wShares Enhanced Gold ETF (the “Trust”), dated April 16, 2021 (as supplemented to date, the “Prospectus”), with the following information.  Capitalized terms used and not defined herein shall have the meanings ascribed to them in the Prospectus. This Supplement should be read in its entirety and kept together with the Prospectus for future reference.
 
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Wilshire Phoenix Funds LLC, the sponsor of the Trust (NYSE Arca: WGLD), announced today plans to liquidate and close the Trust.
As of the close of regular trading on NYSE Arca (the “Exchange”) on August 22, 2022 (the “Closing Date”), the Trust will no longer accept creation orders from authorized participants, and trading in the shares of the Trust on the Exchange will be suspended. Therefore, beginning on the Closing Date, there can be no assurance that there will be a market for the shares of the Trust. Shareholders may sell their holdings in the Trust until regular Exchange trading closes on August 22, 2022. Customary brokerage charges and fees may apply to such transactions.
Between the Closing Date and August 29, 2022 (the “Liquidation Date”), the Trust will begin the process of liquidating its portfolio. As a result, the Trust’s cash holdings will increase, which will result in the Trust deviating from the investment objective and strategy referenced in the Trust’s prospectus, and the Trust’s tracking error relative to its benchmark index will therefore be materially impacted.
The proceeds of the liquidation, after deducting any fees, expenses, taxes or other charges payable by the Trust in accordance with the terms of the Amended and Restated Trust Agreement governing the Trust, are currently scheduled to be distributed pro rata to shareholders of the Trust on or about August 29, 2022. As calculated on the Liquidation Date, the Trust’s net asset value will reflect the costs of closing the Trust.
Distributions to shareholders of the Trust will be treated as liquidating distributions for U.S. federal income tax purposes, and shareholders of the Trust are encouraged to consult their own tax advisors concerning the impact of the liquidation of the Trust in light of their own circumstances.