Wisdom Tree Physical Metals

WisdomTree Physical Precious Metals (PHPM) is designed to offer security holders a simple and cost-efficient way to access the precious metals market by providing a return equivalent to the movements in the spot prices of four precious metals less the applicable management fee. PHPM is backed by physical allocated precious metals held by HSBC Bank plc (the custodian). Only metal conforming with following rules can be accepted by the custodian: the London Bullion Market Association's (LBMA) rules for Good Delivery for Gold and Silver and the London Platinum and Palladium Association's (LPPM) rules for Good Delivery for Platinum and Palladium. Each physical bar is segregated, individually identified and allocated.