Sprott Physical Gold Trust

as of 10/27/2021

NAV

$14.34

NAV Daily Change

+$0.03
0.1%

NAV YTD Return

-5.78%

Management Expense Ratio*

0.42%

Market Price

$14.19

Premium/Discount

-1.06%

Total Oz. of Gold

2,718,369

Total Net Asset Value

$4.89 Billion

Overview

PHYS

Investment Objective

The Sprott Physical Gold Trust (PHYS) was
created to invest and hold substantially
all of its assets in physical gold bullion.

Goal

Provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical gold without the inconvenience that is typical of a direct investment in physical gold bullion.

Why Invest in PHYS?

  1. Fully Allocated Gold
  2. Redeemable for Metals
  3. Trustworthy Storage
  4. Potential Tax Advantage
  5. Easy to Buy, Sell and Own
  6. A Liquid Investment

Sprott Trusts in Two Minutes

Key Facts

Tickers PHYS (NYSE Arca)
PHYS.U (TSX $US)
PHYS (TSX $CA)
Fund Type Closed-End Trust
ISIN CA85207H1047
CUSIP 85207H104
Inception Date February 25, 2010
Issuer Sprott Physical Gold Trust
Bullion Custodian The Royal Canadian Mint
Manager Sprott Asset Management LP
Trustee RBC Investor Services
Auditor KPMG

Fees & Expenses

Management Expense Ratio* 0.42%
*
Management Expense Ratio (MER) is based on total expenses (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of the average daily NAV for the year ended 12/31/2020.

Featured Insight

Seasons Change & Gold Defends Support as Markets Shift
10/4/2021
Sprott Monthly Report

Seasons Change & Gold Defends Support as Markets Shift

Doug Groh, Senior Portfolio Manager: "September’s end brought on a new season and a welcomed uptick in gold prices with a settle at $1,757 per ounce. While gold struggled for the month, its positive finish reflected the uncertainty of recent macroeconomic progress. Gold mining stocks were harder hit in September as markets appeared to be factoring in a price-side and cost-side margin squeeze."

Pricing

PHYS

Previous Close NYSE Arca ($US)

Net Asset Value per Unit $14.34
Previous Market Price Close $14.19
Premium/Discount -1.06%
Units Outstanding 341,100,087
Total Ounces of Gold held within Trust* 2,718,369
Market Value of Gold Held by Trust $4,884,392,078
Total Net Asset Value of Trust $4,892,132,866
(In U.S. Dollars. Data last updated Wednesday, October 27, 2021 6:00 PM EST)
*Based on trade date.

Previous Close TSX ($CA)

Net Asset Value per Unit $17.73
Previous Closing Market Price $17.57
Premium/Discount -0.91%
(In Canadian Dollars. Data last updated Wednesday, October 27, 2021 6:00 PM EST)

Today's Pricing

Market Price $14.17
Change from Previous Close ($/%) -($0.02) / -0.14%
Intraday Indicative Value $14.40
Intraday Premium/Discount -1.6%
Trading Volume 233,528
Intraday High & Low $14.29 / $14.16

Thursday, October 28, 2021 10:35 AM EST. Pricing delayed 20 minutes.

Market Price $14.22
Change from Previous Close ($/%) +$0.22 / +1.57%
Trading Volume 90
Intraday High & Low $14.22 / $14.22

Monday, October 25, 2021 9:30 AM EST. Pricing delayed 20 minutes.

Market Price $17.50
Change from Previous Close ($/%) -($0.07) / -0.40%
Trading Volume 11,331
Intraday High & Low $17.65 / $17.50

Thursday, October 28, 2021 10:35 AM EST. Pricing delayed 20 minutes.

High-Low NAV History ($US)*
as of June 30, 2021

High Net Asset Value per Unit $16.58
Low Net Asset Value per Unit $8.69
Premium/Discount Range +23.88% to -3.58%
*
Since Inception Feb. 25, 2010.
 Sprott Brochure

10 Reasons to Own Gold

Gold has always served as a store of value. This brochure explores gold’s unique investment characteristics and explains why investors should strongly consider the yellow metal as part of a diversified investment portfolio. 

Sprott 10 Reasons to Own Gold

 

Performance

PHYS

Total Returns (% $US) as of September 30, 2021

 
  1 MO* YTD* 1 YR 3 YR 5 YR 10 YR
PHYS (NAV)**
-3.15 -7.79 -7.34 12.98 5.31 0.24
PHYS (Market Price)**
-3.83 -8.55 -8.31 13.06 4.74 -0.17
Benchmark: Spot Gold Price1
-3.12 -7.45 -6.83 13.79 5.95 0.79
*
Not annualized.
**
The NAV performance calculation is based on the USD NAV and the market price performance calculation is based on the USD closing price on the NYSE Arca.
1
The gold spot price is measured by the Bloomberg GOLDS Comdty Spot Price; this price represents the fluctuating market price for one ounce of gold bought or sold on commodity exchanges contracted for immediate payment and delivery. The price is determined by the forward month’s futures contract with the most volume.
 
  1 MO* YTD* 1 YR 3 YR 5 YR 10 YR
PHYS (NAV)**
-3.15 -7.79 -7.34 44.22 29.52 2.46
PHYS (Market Price)**
-3.83 -8.55 -8.31 44.50 26.03 -1.64
Benchmark: Spot Gold Price1
-3.12 -7.45 -6.83 47.33 33.53 8.19
*
Not annualized.
**
The NAV performance calculation is based on the USD NAV and the market price performance calculation is based on the USD closing price on the NYSE Arca.
1
The gold spot price is measured by the Bloomberg GOLDS Comdty Spot Price; this price represents the fluctuating market price for one ounce of gold bought or sold on commodity exchanges contracted for immediate payment and delivery. The price is determined by the forward month’s futures contract with the most volume.
Cumulative return is the return on the investment in total.
  2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
PHYS (NAV)
23.74 17.61 -1.98 12.54 8.07 -10.84 -2.24 -28.13 6.30 9.07
PHYS (Market Price)
23.89 18.14 -2.64 12.78 7.56 -10.64 -1.91 -29.91 2.97 11.79
Benchmark: Spot Gold Price
25.12 18.31 -1.58 13.09 8.56 -10.42 -1.72 -28.04 7.14 10.06
 
The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees, investment returns would have been reduced. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.
FPO Panel 2 Returns

Growth of $10,000 Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: February 25, 2010.
The chart shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the Trust or returns on investment in the Trust.

Market Price vs. Net Asset Value Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: February 25, 2010.

Historical Premium/Discount: Market Price to Net Asset Value

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: February 25, 2010.
 Sprott Info

What is a premium/discount?

The amount the Trust's closing price is trading above or below the reported NAV (net asset value), expressed as a percentage of the NAV. When the Trust's closing price is greater than the Trust's NAV, it is trading at a “premium” and the percentage is expressed as a positive number. When the Trust's closing price is less than the Trust's NAV, it is trading at a “discount” and the percentage is expressed as a negative number.

 

Frequency Distribution: Premium/Discount


Trading Days Each Quarter

Data updated as of Oct 28, 2021

  CY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Days Traded at Premium 47 2 1 0 --
Days Traded at Discount 207 59 62 64 --

The above table and line chart present information about the differences between the daily market price of a Trust unit and the Trust’s reported net asset value. The chart’s horizontal axis shows the premium or discount expressed in basis points. The market price is determined by the midpoint between the highest bid and the lowest offer on the Trust’s listing exchange, as of the time that the Trust’s NAV is calculated (usually 4:00 pm Eastern time).

Investor Details

PHYS
  • Gold Bar List by Serial Number

    View a complete list of the serial numbers for each gold bar held by the Royal Canadian Mint on behalf of the Sprott Physical Gold Trust. Please note that all bars held within the Trust are London Good Delivery. The bars are segregated within the vault and fully unencumbered.

How to Obtain Physical Certificates

In the United States, shareholders can contact the Computershare call center at 800.446.2617 or go to computershare.com and access a transfer form by creating an account.

In Canada, shareholders can direct their broker to withdraw units from CDS Clearing and Depository Services Inc. When the broker puts in the withdrawal, the transfer agent in Canada, TSX Trust Company, will issue physical certificates to the broker.

How to Hold Units in Your Name

Once you have purchased Trust units through a third-party financial professional, the Direct Registration System (DRS) option gives you the ability to transfer the units you own from your broker to the Trust's transfer agents (Computershare for U.S. unitholders and TSX Trust Company for Canadian unitholders). DRS is the electronic or book-entry form of security ownership offered by and only through transfer agents and allows a unitholder to hold Trust units in that holder’s name directly as opposed to electronic security ownership through a broker. The DRS option went into effect on October 5, 2017, for unitholders of each of the Trusts (read press release).

How to Redeem for Physical Bullion

Sprott Physical Bullion Trust unitholders have the right to redeem for physical metals on a monthly basis, subject to meeting the minimum redemption amount. To submit a request for physical redemption, a unitholder must complete the required redemption form for the specific Trust from which they wish to redeem units.

Bullion Calculator

Please enter a quantity.
*

*

This calculator is designed to give you an idea of how much physical is represented for a given amount of Units of the based on the latest available market price and net asset value. This calculator is for illustrative purposes only and should not be used to formulate transactions of any kind, including physical redemptions.

Metal per Unit

CEF 1 unit = Oz. Gold
1 unit = Oz. Silver
PHYS 1 unit = Oz. Gold
PSLV 1 unit = Oz. Silver
SPPP 1 unit = Oz. Platinum
1 unit = Oz. Palladium

Literature

PHYS

Tax & Resources

PHYS

Tax Benefits

For U.S. investors, Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs.

PFIC Statements

“PFIC” stands for “Passive Foreign Investment Company.” A foreign corporation such as the Sprott Physical Bullion Trusts (“the Trusts”) will be treated as a PFIC for any taxable year if either of the following is true: (a) more than 75% of its gross income is from passive sources or (b) at least 50% of its assets are held for the production of passive income.

 

Sign-up to have your annual PFIC statements delivered to you electronically.

 Tax Guide

How do precious metals & taxes work?

Tax Scale

The Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs.

 

How to Purchase

PHYS

PHYS

Ticker Symbols PHYS (NYSE Arca)
PHYS.U (TSX $US)
PHYS (TSX $CA)
CUSIP 85207H104
ISIN CA85207H1047

Sprott Physical Bullion Trusts trade on the NYSE Arca in U.S. dollars and on the TSX in both U.S. and Canadian dollars.

Trust units can be purchased or sold like any regular equity security through financial advisors, full-service brokers and discount brokers. Your units will be held in your name through the third-party financial professional. Units can be purchased or sold through Sprott financial professionals: in the U.S. via Sprott Global Resource Investments at 800.477.7853 and in Canada via Sprott Capital Partners at 855.943.8099. Both firms are affiliates of the Trusts.

 

Contact Us

PHYS

Financial Advisors and Individual Investors

Telephone: 888.622.1813
Email: invest@sprott.com

Sprott Sales Territory Map 2021

 

Institutional Investors

Contact: Glen Williams, Managing Director, Investor and Institutional Client Relations; Head of Corporate Communications, Sprott Inc.
Telephone: 416.943.4394
Email: gwilliams@sprott.com

 

Contact Us

Please contact the Sprott Team at 888.622.1813 for more information, or answers to your questions. You can also email us at bullion@sprott.com.

 


The Sprott Physical Gold Trust is generally exposed to the multiple risks that have been identified and described in the prospectus. Please refer to the prospectus for a description of these risks.

Past performance is not an indication of future results. All data is in U.S. dollars unless otherwise noted. The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on their specific circumstances before taking any action. Sprott Asset Management LP is the investment manager to the Sprott Physical Gold Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the prospectus. Please read the prospectus carefully before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any unitholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.

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