Sprott Physical Gold Trust (PHYS)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Royal Bank Of Canada	7,917,978	$190,507,000	0.04%
2.	Morgan Stanley	5,727,807	$137,811,050	0.01%
3.	Federation Des Caisses Desjardins Du Quebec	5,304,046	$127,586,944	0.63%
4.	Evanson Asset Management, Llc	5,026,589	$120,939,728	8.57%
5.	Central Trust & Investment Co	4,643,973	$111,733,999	2.75%