PHAU/PHGP
WisdomTree Physical Gold
WisdomTree Physical Gold is designed to offer security holders a simple and cost-efficient way to access the gold market by providing a return equivalent to the movements in the gold spot price less the applicable management fee.
WisdomTree Physical Gold is backed by physical allocated gold held by HSBC Bank plc (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
*Formerly ETFS Physical Gold
Fund Overview
| Fund Overview | |
|---|---|
| Base Currency | USD |
| Currency hedged | No – this product is not protected against adverse currency movements |
| Daily Change (21 Feb 2020) | 1.50% |
| ISIN | JE00B1VS3770 |
| Leverage Factor | N/A |
| Metals Lending | No |
| Physical delivery | No |
| Price (NAV) (21 Feb 2020) | $156.29 |
| Underlying Exposure | Physically backed with allocated metal subject to LBMA rules for Good Delivery |
| Vault Inspector | Inspectorate International (Vault inspected 2x per annum) |
| Vault Location | London |
Net Asset Value
Structure
| Structure | |
|---|---|
| Domicile | Jersey |
| Replication method | Physical - backed by bullion |
| Legal form | Debt security |
| Legal structure | ETC |
Legal Tax
| Legal Tax | |
|---|---|
| ISA | Eligible |
| Sharia compliant | Yes |
| Securities regulator | Financial Conduct Authority (FCA UK) |
| UCITS Eligible | Eligible |
| UK Reporting Status | Yes |
Key Service Providers
| Key Service Providers | |
|---|---|
| Custodian | HSBC Bank plc |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Issuer | WisdomTree Metal Securities Limited |
| Registrar | Computershare Investor Services (Jersey) Ltd |
Fees
| Fees | |
|---|---|
| MER | 0.39% |
| Entry / Exit fees | None when traded on Exchange |
Passported Countries
| Passported Countries |
|---|
 Austria |
 Belgium |
 Denmark |
 Finland |
 France |
 Germany |
 Ireland |
 Italy |
 Netherlands |
 Norway |
 Spain |
 Sweden |
 United Kingdom |
Listings & Codes
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Performance
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i The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
Performance is total return based on the growth of a hypothetical 10K based unit value net of fees using daily NAV. Historical performance is not an indication of future performance and any investments may go down in value.
| Index Details |
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Spot Gold LBMA specifications
Each individual WisdomTree Physical Gold security has an effective entitlement to gold, and that entitlement changes daily to reflect the accrual of the management fee.
Authorised participants create and redeem WisdomTree Physical Gold securities by delivering or receiving gold that conforms to LBMA Good Delivery standards.
WisdomTree Physical Gold securities are traded on exchange with a price that is based on the spot price of gold multiplied by the applicable metal entitlement.
Index Details
| Index Details | |
|---|---|
| Index Name | Spot Gold LBMA specifications |
| Index Provider | LBMA |
| Index Constituent Count | 1 |
| Currency | USD |
| Bloomberg Ticker | GOLDLNPM |
| Reuters Index Ticker | XAU= |
| Index Website | |
| Security | 21 Feb 2020 |
|---|---|
| 1. Physically backed with allocated metal subject to LBMA rules for Good Delivery | 100.00% |
The products discussed in this document are issued by WisdomTree Metal Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of HSBC Bank plc and JP Morgan Chase Bank, N.A. any of their affiliates or anyone else or any of their affiliates. Each of HSBC Bank plc and JP Morgan Chase Bank, N.A. disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of HSBC Bank plc and JP Morgan Chase Bank, N.A. any of their affiliates or anyone else or any of their affiliates. Each of HSBC Bank plc and JP Morgan Chase Bank, N.A. disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.