PHYS

The Sprott Physical Gold Trust (PHYS) is a closed‑end fund that invests almost entirely in unencumbered, fully allocated physical gold bullion, primarily London Good Delivery bars stored in secure vaults such as the Royal Canadian Mint. Its strategy is to hold the gold long‑term without using derivatives or attempting to time short‑term price movements, offering a direct, exchange‑traded way to own the metal. Because it provides pure gold exposure in a liquid share format, the trust is suitable for investors who want a simple hedge against inflation or currency risk, diversification away from equities, and are comfortable with the price volatility inherent to commodities.