Sprott Physical Gold Trust (PHYS)

Sprott Physical Gold Trust (PHYS) is a popular gold closed end fund with $1.6 billion of assets. It invests in physical gold bullion. The fund objective is to provide an exchange traded alternative for investors interested in gold commodities.

PHYS Fund Profile

• Fund Inception Date: 02/26/2010
• Ticker Symbol: PHYS
• CUSIP: 85207H104 
• Rank in category (YTD): 50%
• Category: US Equity-Commodities
• Distribution Rate: 0%
• Effective Leverage: -
• Capital Gains: -
• Base Expense Ratio: 0.35%
• Net Assets: $ 1.62 billion
• Annual Turnover Rate: -

This commodity fund is managed by Peter Hodson. Its net asset value (NAV) price is $10.43 per share. The market price is trading at 2.49% premium to its NAV. The total expense ratio fee is 0.35% per year. The fund management is Sprott Asset Management LP.

Sprott Physical Gold Trust Fund Performance

Morningstar has not ranked this Sprott Physical Gold Trust. In 2014, the total 1 year return is -1.91%. This gold fund has returned 2.99% over the past 1 year, and -10.87% over the past 3 years.

More: First Eagle Gold Fund

Fund Performance:

• Year 2014: -1.91%
• Year 2013: -29.91%
• Year 2012:  2.97%

PHYS Fund Holdings

This Sprott Physical Gold Trust has 3 holdings in its portfolio. The top 3 holdings are gold bars, US dollar (USD), and Canadian dollar (CDN). Top 2 sectors are gold bullions (99.43%) and net current assets.

More: Best Performing Gold Mutual Funds 2014

Pros:

• This Sprott Physical Gold Trust Fund provides opportunity for investor to invest in gold bars.
• Expense fee is slightly lower than gold ETF such as SPDR Gold Shares (GLD)

Cons:

• It is traded at slightly premium to its NAV.