Sprott Physical Gold Trust
Overview
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?
- Fully Allocated Gold
- Redeemable for Metals
- Trustworthy Storage
- Potential Tax Advantage
- Easy to Buy, Sell and Own
- A Liquid Investment
Sprott Trusts in Two Minutes
Key Facts
Tickers | PHYS (NYSE Arca) PHYS.U (TSX $US) PHYS (TSX $CA) |
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Fund Type | Closed-End Trust |
ISIN | |
CUSIP | |
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* | 0.41% |
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Featured Insight
Gold Tops $2,500: A Technical View
Gold has surged above the psychological $2,500 level, driven by factors not easily explained by traditional market variables, suggesting possible central bank or sovereign activity rather than usual market dynamics. The long-term bullish pattern in gold's technical charts indicates momentum toward the $2,600 level, with potential for further advancement to the $3,000-3,300 range based on Fibonacci projections.
Pricing
Previous Close NYSE Arca ($US)
Net Asset Value per Unit | $20.86 |
---|---|
Previous Market Price Close | $20.63 |
Premium/Discount | -1.09% |
Units Outstanding | 416,750,808 |
Total Ounces of Gold held within Trust* | 3,268,726 |
Market Value of Gold held by Trust | $8,681,376,808 |
Total Net Asset Value of Trust | $8,692,177,453 |
*Based on trade date.
Previous Close TSX ($CA)
Net Asset Value per Unit | $28.28 |
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Previous Closing Market Price | $27.97 |
Premium/Discount | -1.09% |
Today's Pricing
The market is now closed
The market is now closed
The market is now closed
High-Low NAV History ($US)*
as of August 31, 2024
High Net Asset Value per Unit | $19.84 |
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Low Net Asset Value per Unit | $8.69 |
Premium/Discount Range | +23.88% to -3.58% |
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.
Performance
Total Returns (% $US) as of August 31, 2024
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1 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | ||
PHYS (NAV)** | 2.22 | 20.88 | 28.30 | 10.74 | 9.78 | 6.28 | |
PHYS (Market Price)** | 2.58 | 22.22 | 28.51 | 10.71 | 9.69 | 6.19 | |
Benchmark: Spot Gold Price1 | 2.28 | 21.35 | 29.03 | 11.34 | 10.49 | 6.87 |
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1 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | ||
PHYS (NAV)** | 2.22 | 20.88 | 28.30 | 35.82 | 59.42 | 83.79 | |
PHYS (Market Price)** | 2.58 | 22.22 | 28.51 | 35.68 | 58.81 | 82.30 | |
Benchmark: Spot Gold Price1 | 2.28 | 21.35 | 29.03 | 38.03 | 64.66 | 94.38 |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
PHYS (NAV) | 12.55 | -0.86 | -4.13 | 23.74 | 17.61 | -1.98 | 12.54 | 8.07 | -10.84 | -2.24 | -28.13 | 6.30 | 9.07 |
PHYS (Market Price) | 12.98 | -1.81 | -4.84 | 23.89 | 18.14 | -2.64 | 12.78 | 7.56 | -10.64 | -1.91 | -29.91 | 2.97 | 11.79 |
Benchmark: Spot Gold Price | 13.10 | -0.28 | -3.64 | 25.12 | 18.31 | -1.58 | 13.09 | 8.56 | -10.42 | -1.72 | -28.04 | 7.14 | 10.06 |
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.
How Much Gold Should I Own in My Portfolio?
One of the questions most frequently asked by investors is, “How much gold exposure should I have in my portfolio?” We help answer this important question.
Gold Video: A True Store of Value
Throughout history, gold has played a prominent role in the advancement of human civilization. Seen as a representation of the sun, of the gods and of true value, gold is a form of real money without counterparty risks.
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.
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 4, 2024
CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
---|---|---|---|---|---|
Days Traded at Premium | -- | 0 | 0 | 0 | -- |
Days Traded at Discount | 250 | 61 | 63 | 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. 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 (usually 4:00 pm Eastern time).
Cumulative Oz. of Gold Acquired by Trust
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.
Source: Sprott, RBC Investor Services Trust.
Investor Details
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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
Enter a specific number of Trust Units to estimate how much physical bullion they represent.
Metal per Unit
CEF |
1 unit = Oz. Gold 1 unit = Oz. Silver |
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PHYS | 1 unit = Oz. Gold |
PSLV | 1 unit = Oz. Silver |
SPPP |
1 unit = Oz. Platinum 1 unit = Oz. Palladium |
Literature
Tax & Resources
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 and Forms for U.S. Investors
- Sprott Physical Bullion Trusts - Tax Guide for U.S. Investors (2023 Tax Year)
- PFIC Form 2023
- PFIC Form 2022
- IRS Form 8621
- Instructions for IRS Form 8621
- PFIC Form 2021
- PFIC Form 2020
- PFIC Form 2019
- PFIC Form 2018
- PFIC Form 2017
- IRS Form 8937 - 2017
- PFIC Form 2016
- PFIC Form 2016 GTU
- PFIC Form 2015
- PFIC Form 2015 GTU
- PFIC Form 2014
- PFIC Form 2013
- PFIC Form 2012
- PFIC Form 2011
- PFIC Form 2010
Tax Forms for U.K. Investors
How do precious metals & taxes work?
The Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs.
How to Purchase
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 Global Resource Investments, an affiliate of the Trusts, at 800.477.7853.
Contact Us
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
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 Trusts are closed-end funds established under the laws of the Province of Ontario in Canada. PHYS, PSLV, CEF and SPPP are available to U.S. investors by way of listings on the NYSE Arca pursuant to the U.S. Securities Exchange Act of 1934. The Trusts are not registered as investment companies under the U.S. Investment Company Act of 1940.
Important Disclosure
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. This material must be preceded or accompanied by a prospectus. For an additional copy of the prospectus please visit https://sprott.com/investment-strategies/physical-bullion-trusts/gold/.
Precious metals investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Precious metals investments have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Precious metals investments tend to react more sensitively to global events and economic data than other sectors.
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. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trusts on the Toronto Stock Exchange (“TSX”) or the New York Stock Exchange (“NYSE”). If the units are purchased or sold on the TSX or the NYSE, investors may pay more than the current net asset value when buying units or shares of the Trusts and may receive less than the current net asset value when selling them. 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.