ETFS Physical Palladium
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Investment details correct as at 31 May 2019. Performance data as at 14 June 2019.
|ETF name||ETFS Physical Palladium|
|Investment objectives||ETFS Physical Palladium (PHPD) is designed to offer security holders a secured, simple and cost-efficient way to access the palladium market by providing a return equivalent to the movements in the palladium spot price less the applicable management fee.
PHPD is backed by physical allocated palladium held by HSBC Bank plc (the custodian). Only metal that conforms with the London Platinum and Palladium Association's (LPPM) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
|Launch (Listing) date||24 April 2007|
|Fund size||$125.75m as of 13/06/2019|
|Issuer||ETFS Metal Securities Limited|
|Legal form||Debt security|
|Underlying exposure||Physically backed with allocated metal subject to LPPM rules for Good Delivery|
|Vault location||Zurich, Switzerland London, UK|
|Vault inspector||Inspectorate International (Vault inspected 2x per annum)|
|Custodian||HSBC Bank plc|
|Trustee||The Law Debenture Trust Corporation p.l.c.|
|Currency hedged||No – this product is not protected against adverse currency movements|
|Short / leveraged||No|
Risks and ratings
|Risk & reward profile||
Potentially higher risk/reward >
|Sharia compliance approved||Yes|
Mufti Muhammad Zubair Butt
Mufti Muhammad Ibn Adam al Kawthari
|Ongoing charge (TER/OCF)||0.49% p.a.|
|Top holdings||% of fund|