Sprott Physical Gold Trust (0MK3)

Profile

https://sprott.com/investment-strategies/physical-bullion-trusts/gold/net-asset-value-premium-discount/

Sprott Physical Gold Trust is a closed-end trust that invests and holds substantially all of its assets in physical gold bullion. It serves as a secure, convenient, and exchange-traded investment alternative for those seeking exposure to physical gold without the challenges of direct ownership, such as storage and security. Key features include fully allocated gold holdings, the option for unitholders to redeem units for physical bullion on a monthly basis subject to minimum amounts, and secure storage provided by the Royal Canadian Mint as custodian. Managed by Sprott Asset Management LP with RBC Investor Services as trustee, the trust offers ease of purchase, sale, and ownership through standard brokerage channels, along with the ability to hold units directly via the Direct Registration System. It emphasizes liquidity and potential tax advantages, particularly for U.S. investors compared to direct metal ownership or certain ETFs, positioning it as a straightforward vehicle for long-term gold investment in diversified portfolios. Headquartered in Toronto, Canada.