Sprott Sprott Physical Gold and Silver Trust CEF TRUSTS HOME CEF GOLD & SILVER PHYS GOLD PSLV SILVER SPPP PLATINUM & PALLADIUM U.UU.UN URANIUM as of 11/22/2021 NAV $18.63 NAV Daily Change -($0.40) -1.06% NAV YTD Return -6.62% Management Expense Ratio* 0.51% Market Price $18.01 888.622.1813 bullion@sprott.com Fact Sheet Bullion Calculator Bar List Prospectus Overview Pricing Performance Investor Details Literature Tax & Resources How to Purchase Contact Us Overview CEF Investment Objective The Sprott Physical Gold and Silver Trust (CEF) is a closed-end trust that invests in unencumbered and fully-allocated physical gold and silver bullion in London Good Delivery bar “form”. Goal Provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical gold and silver without the inconvenience that is typical of a direct investment in physical bullion. Why Invest in CEF? Fully Allocated Gold and Silver Redeemable for Metals Trustworthy Storage Potential Tax Advantage Easy to Buy, Sell and Own A Liquid Investment Learn more Metals Allocation as of October 31, 2021 Total Gold Ounces Held* 1,474,886 Total Silver Ounces Held* 59,982,819 Market Value of Gold Held $2.63 Billion/64.7% Market Value of Silver Held $1.43 Billion/35.3% Total Assets of Trust $4.07 Billion * Based on trade date. Key Facts Tickers CEF (NYSE Arca) CEF.U (TSX $US) CEF (TSX $CA) Fund Type Closed-End Trust ISIN CA85208R1010 CUSIP 85208R101 Inception Date January 16, 2018 Issuer Sprott Physical Gold and Silver Trust Bullion Custodian The Royal Canadian Mint Manager Sprott Asset Management LP Trustee RBC Investor Services Auditor KPMG Fees & Expenses Management Expense Ratio* 0.51% * Management Expense Ratio (MER) is based on total expenses (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of the average daily NAV for the year ended 12/31/2020. Sprott Trusts in Two Minutes Featured Insight 11/3/2021 SPROTT MONTHLY REPORT Gold Poised to Climb on Fed’s Inflation Dilemma Paul Wong, CFA, Market Strategist: "Spot gold closed October at $1,783.38, gaining 1.50%. Gold managed to recover from the late September swoon that cleansed positioning and sent the entire precious metals complex into extremely oversold conditions. Gold may have priced in the Fed taper, but the yellow metal has yet to respond to the Fed’s inflation dilemma, which seems anything but transitory." Read Now Visit the Insights Section Subscribe to Insights BACK TO TOP Pricing CEF Previous Close NYSE Arca ($US) Net Asset Value per Unit $18.63 Previous Market Price Close $18.01 Premium/Discount -3.34% Units Outstanding 220,741,297 Total Ounces of Gold held within Trust* 1,474,886 Total Ounces of Silver held within Trust* 59,982,819 Market Value of Gold & Silver Held by Trust $4,112,146,286 Total Net Asset Value of Trust $4,112,961,871 (In U.S. Dollars. Data last updated Monday, November 22, 2021 6:00 PM EST) *Based on trade date. Previous Close TSX ($CA) Net Asset Value per Unit $23.66 Previous Closing Market Price $22.84 Premium/Discount -3.48% (In Canadian Dollars. Data last updated Monday, November 22, 2021 6:00 PM EST) Today's Pricing NYSE Arca ($US) TSX ($US) TSX ($CA) The market is now closed High-Low NAV History ($US)* as of October 31, 2021 High Net Asset Value per Unit $21.80 Low Net Asset Value per Unit $12.02 Premium/Discount Range +1.39% to -6.42% * Since Inception Jan. 16, 2018. SPROTT EDUCATION CEF Infographic Golden Bulls - How Gold Performs Infographic Don’t Overpay for Gold and Silver Gold and the COVID-19 Crisis Info for Central Fund of Canada Shareholders BACK TO TOP Performance CEF Total Returns (% $US) as of October 31, 2021 Average Annual Cumulative Calendar Year -10% -5% 0% 5% 10% 15% 20% 1 MO* YTD* 1 YR 3 YR Since Inception1 CEF (NAV)** 3.60 -7.67 -3.50 14.63 7.55 CEF (Market Price)** 5.49 -6.61 -2.85 15.69 7.62 Benchmark: Spot Gold Price2 1.50 -6.06 -5.08 13.65 7.83 Benchmark: Spot Silver Price2 7.81 -9.47 1.04 18.82 8.83 * Not annualized. ** The 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. 1 Inception Date: Jan. 16, 2018. 2 The gold spot price is measured by the Bloomberg GOLDS Comdty Spot Price; the silver spot price is measured by the Bloomberg SILV Comdty Spot Price. Each price represents the fluctuating market price for one ounce of bullion bought or sold on commodity exchanges contracted for immediate payment and delivery. Each price is determined by the forward month’s futures contract with the most volume. 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. 2020 2019 2021 6k 8k 10k 12k 14k 16k 18k 20k Inception date: January 16, 2018. 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. SPROTT BROCHURE 10 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. SPROTT BROCHURE 10 Reasons to Own Silver This brochure explores silver's unique investment characteristics and explains why investors should strongly consider the white metal as part of a diversified investment portfolio. 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. 2020 2019 2021 10 12 14 16 18 20 22 24 Inception date: January 16, 2018. 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. 2020 2019 2021 -8 -6 -4 -2 0 2 Inception date: January 16, 2018. SPROTT INFO 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 Nov 23, 2021 CY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Days Traded at Premium 9 0 1 0 -- Days Traded at Discount 244 61 62 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. The market price is determined by the midpoint between the highest bid and the lowest offer on the Trust’s listing exchange, as of the time that the Trust’s NAV is calculated (usually 4:00 pm Eastern time). BACK TO TOP Investor Details CEF Gold Bar List by Serial Number Silver Bar List by Serial Number View a complete list of the serial numbers for each bullion bar held at secure third party storage location in Canada on behalf of the Sprott Physical Gold and Silver Trust. Please note that all bars held within the Trust are London Good Delivery. The bars are segregated within the vault and fully unencumbered. Royal Canadian Mint Confirmation of Physical Bullion Holdings 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). Learn more about DRS 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. Learn more Bullion Calculator Enter a specific number of Trust Units to estimate how much physical bullion they represent. Units of CEF Ounces of Physical Gold * 0.6682 Ounces of Physical Silver * 27.1734 Market Value of Units in $US * $1,781.00 Residual Amount $US $0.37 Based on price of NYSE Arca: CEF at 11/23/2021 4:00PM This calculator is designed to give you an idea of how much physical gold & silver is represented for a given amount of Units of the Sprott Physical Gold & Silver Trust based on the latest available market price and net asset value. This calculator is for illustrative purposes only and should not be used to formulate transactions of any kind, including physical redemptions. Metal per Unit as of 11/22/2021 CEF 1 unit = 0.0067 Oz. Gold 1 unit = 0.2717 Oz. Silver BACK TO TOP Literature CEF Fact Sheet Fact Sheet Regulatory Documents Prospectus Prospectus - French Prospectus Supplement Prospectus Supplement - French Annual Information Form Annual Information Form - French Annual Report & MRFP Annual Report & MRFP - French IRC Report IRC Report - French Change of Bullion Redemption Notice Press Releases 4/13/2021 Sprott Physical Gold and Silver Trust Updates Its "At-The-Market" Equity Program 1/16/2018 Sprott Completes Acquisition of Central Fund of Canada and Sprott Physical Gold and Silver Trust to Commence Trading Press Release Archive Financial Statements & Management Reports of Fund Performance 9/30/2021 Third Quarter Report & MRFP 9/30/2021 Third Quarter Report & MRFP - French Financial Reports Archive SPROTT PHYSICAL BULLION FUNDS Sprott Physical Gold Trust (PHYS) Sprott Physical Gold and Silver Trust (CEF) Sprott Physical Silver Trust (PSLV) Sprott Physical Platinum and Palladium Trust (SPPP) BACK TO TOP Tax & Resources CEF Tax Benefits For U.S. investors, Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs. Read the potential benefits 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. PFIC Annual Information Statements Sign-up to have your annual PFIC statements delivered to you electronically. Email Address * Tax Forms for U.S. Investors IRS Form 8621 PFIC Form 2020 PFIC Form 2019 PFIC Form 2018 PFIC Form 2017 IRS Form 8937 - 2017 PFIC Form 2016 PFIC Form 2015 PFIC Form 2014 PFIC Form 2013 PFIC Form 2012 PFIC Form 2011 Tax Forms for U.K. Investors 2020 2019 2018 TAX GUIDE How do precious metals & taxes work? The Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs. Read Our Tax Guide Flyer - A Less taxing Way to Own Precious Metals BACK TO TOP How to Purchase CEF CEF Ticker Symbols CEF (NYSE Arca) CEF.U (TSX $US) CEF (TSX $CA) CUSIP 85208R101 ISIN CA85208R1010 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 financial professionals: in the U.S. via Sprott Global Resource Investments at 800.477.7853 and in Canada via Sprott Capital Partners at 855.943.8099. Both firms are affiliates of the Trusts. RESOURCES Why Consider Sprott Trusts The Best Way to Own Precious Metals? 10 Questions To Ask Before Investing in Precious Metals BACK TO TOP Contact Us CEF Financial Advisors and Individual Investors Telephone: 888.622.1813 Email: invest@sprott.com Sprott Sales Territory Map 2021 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 CONTACT US 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. BACK TO TOP The Sprott Physical Gold and Silver Trust is generally exposed to multiple risks that have been both identified and described in the prospectus. Please refer to the prospectus for a description of these risks. 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 and Silver 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. Sprott Royal Bank Plaza, South Tower 200 Bay Street Suite 2600 Toronto, Ontario M5J 2J1 Canada Disclaimers and Terms of Use Social Media Terms and Conditions Privacy Policy Website and Information Accessibility Home Contact Us Call us at 855.943.8099 Email us at invest@sprott.com Subscribe to Sprott Insights for thought leadership on precious metals and real assets. subscribe@sprott.com © 2021 Sprott Inc. All rights reserved. Sprott uses cookies to understand how you use our website and to improve your experience. This includes personalizing content on our website and third-party websites. To learn more and to manage your advertising preferences, see our Cookie Policy Close