Share-split context: A forward split was recorded on May 18, 2026 with coefficient 10. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

What this ETF is trying to do

The abrdn Physical Platinum Shares ETF (ticker: PPLT) is an exchange-traded fund designed to track the value of physical platinum. Instead of investing in companies, this type of fund focuses on the metal itself.

What the numbers show

As of October 7, 2026, the current price of PPLT is $14.78. The recent performance shows different trends depending on how far back you look:

• Year-to-date (YTD) price return: Approximately -20.72%

• One-year price return: Approximately 0.68%

• Three-year price return: Approximately 82.18%

• Five-year total return: Approximately 61.16%

Because this ETF does not pay out cash distributions, the price return and the total return are the same.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. For PPLT, no distributions were detected over the last 12 months. The distribution yield is 0%. This means you would not receive regular income payments from holding this ETF.

NAV erosion explanation

It is important to understand how share prices change. PPLT has a history of "forward splits." On May 18, 2026, the fund had a split where each old share became 10 new shares. When this happens, the price per share drops mechanically, but your total ownership stays the same. This split does not mean you lost money.

Regarding risk, PPLT has an erosion-risk score of 94, which is labeled as "Stable / sideways" with a "good" severity. There is no severe erosion-risk flag for this fund. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• Strong long-term growth: The three-year and five-year returns show significant growth over those periods.

• Stable risk score: The erosion-risk measurement is currently rated as "good."

Cons

• Recent price decline: The year-to-date price return has been negative.

• No income: This fund does not provide cash distributions for investors seeking regular income.

Beginner takeaway

PPLT is a way to gain exposure to the price of platinum. While it has shown strong growth over several years, it has faced a price decline recently. It is also important to note that this fund is not designed to provide regular cash income.