# WisdomTree Metal Securities Ltd. (PHPP)

**Page:** https://fundology.uk/fund/phpp · ISIN JE00B1VS3W29

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, PHPP (WisdomTree Metal Securities Ltd., ISIN JE00B1VS3W29) closed at £173.35 on the London Stock Exchange. Its ongoing charge is 0.44% a year (about £44 on £10,000). Over the five years to 13/11/2026 its total return was +59.1%, or +24.2% after UK CPIH inflation.

## Summary

WisdomTree Metal Securities Ltd. is an exchange-traded commodity (ETC) from WisdomTree, launched in 2007. It tracks the LBMA & LPPM Precious Metals Price PM  - Benchmark Price Return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.44% a year — about £44 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Latest close: **£173.35** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | PHPP |
| ISIN | JE00B1VS3W29 |
| Also listed as | PHPM (London Stock Exchange, US dollars), VZLE (Xetra, euros) |
| Category | Gold & commodities |
| Type | ETC |
| Provider | WisdomTree |
| Tracks | LBMA & LPPM Precious Metals Price PM  - Benchmark Price Return |
| Ongoing charge | 0.44% a year (£44 per £10,000) |
| Fund size | £273m |
| Launched | 2007 |
| Domicile | Jersey |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2009 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -8.64% | -11.87% | income reinvested |
| 3 years | +74.49% | +57.65% | income reinvested |
| 5 years | +59.06% | +24.15% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of WisdomTree Metal Securities Ltd. in pounds (price only; the fund pays no income): 2022 +11.6%, 2023 −8.6%, 2024 +20.6%, 2025 +69.3%; 2026 to 13/11/2026 −19.0%. Returns of WisdomTree Metal Securities Ltd. in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +10.9%; to 30/09/2025: +44.2%; to 30/09/2024: +17.0%; to 30/09/2023: −13.5%; to 30/09/2022: +18.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +11.6% | +2.2% | Price |
| 2023 | -8.6% | -12.2% | Price |
| 2024 | +20.6% | +16.4% | Price |
| 2025 | +69.3% | +63.4% | Price |
| 2026 to 13/11/2026 | -19.0% | -21.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 30.58% | -34.94% |
| 3 years | 22.55% | -34.94% |
| 5 years | 21.13% | -34.94% |

## Largest fall

Volatility of WisdomTree Metal Securities Ltd. in pounds, annualised from weekly returns to 13/11/2026: 30.6% over 1 year, 22.6% over 3 years, 21.1% over 5 years. Largest fall in the price of WisdomTree Metal Securities Ltd. since November 2021, in pounds: −34.9% from 23/01/2026 to 30/10/2026. The lowest 12-month return of WisdomTree Metal Securities Ltd. in pounds (price only; the fund pays no income) since January 2021 was −18.7% (12 months to 06/10/2023); the highest was +100.1% (12 months to 23/01/2026). On 13/11/2026 the price of WisdomTree Metal Securities Ltd. was 34.2% below its highest weekly close since November 2021 (23/01/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Metal Securities Ltd. 0.44% a year. Compared on 14/11/2026, 70 of the 149 other gold and commodity funds charge more, 0 the same and 79 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.44%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of PHPP?**

The ongoing charge of PHPP is 0.44% a year — about £44 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of WisdomTree Metal Securities Ltd. 0.44% a year. Compared on 14/11/2026, 70 of the 149 other gold and commodity funds charge more, 0 the same and 79 less (share classes counted once).

**What does PHPP track?**

PHPP tracks the LBMA & LPPM Precious Metals Price PM  - Benchmark Price Return.

**What is the ISIN of PHPP?**

The ISIN of PHPP is JE00B1VS3W29. An ISIN identifies one exact share class of a fund; PHPP is its ticker on the London Stock Exchange. The same share class is also listed as PHPM (London Stock Exchange, US dollars) and VZLE (Xetra, euros).

**What were PHPP’s returns in each of the last five years?**

Calendar-year returns of PHPP in pounds (price only; the fund pays no income): 2022 +11.6%, 2023 −8.6%, 2024 +20.6%, 2025 +69.3%; 2026 to 13/11/2026 −19.0%. Past performance is not a guide to future returns.

**How has PHPP done after inflation?**

Over the five years to 13/11/2026 PHPP’s total return was +59.1%, or +24.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.