Not to be confused with the ETF (AAAU) listed on NYSE Arca — which went by a similar name — Perth Mint Gold (PMGOLD) is a call option listed on the ASX that entitles the holder to delivery of 1/100th of a troy ounce of fine gold held at the Perth Mint.
Liabilities of Gold Corporation are guaranteed by the West Australian state government under section 22 of the Gold Corporation Act 1987, an Act of the WA Parliament.
Management fees of 0.15% p.a. are paid in physical gold.
Gold holdings of Gold Corporation are unallocated.
Further details regarding fees, custody and delivery are set out in their Product Disclosure Statement.