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Sprott Physical Uranium Trust

As of November 4, 2024

NAV

$US19.27

NAV Daily Change

-$0.07

trending down -0.36%

NAV Since Inception Change

trending up 129.99%

Management Expense Ratio

0.60%

Market Price

$US17.44

Premium / Discount

-9.52%

Total lbs of U308

66,111,826

Total Net Asset Value

$US5.2 Billion

Today's Pricing

The market is now closed

The market is now closed

Previous Close TSX U.U ($US)

In U.S. Dollars. Data last updated Monday, November 4, 2024 6:00 PM EST

Net Asset Value per Unit

$19.27

Previous Market Price Close

$17.44

Premium / Discount

-9.52%

Units Outstanding

269,780,028

Total Pounds of U308 held within Trust*

66,111,826

Market Value of Uranium held by Trust

$5,170,870,326

Total Net Asset Value of Trust

$5,199,748,067

*Based on trade date.

Previous Close TSX U.UN ($CA)

(In Canadian Dollars. Data last updated Monday, November 4, 2024 6:00 PM EST)

Net Asset Value per Unit

$26.80

Previous Closing Market Price

$24.24

Premium / Discount

-9.54%

Overview

  • The Sprott Physical Uranium Trust invests and holds substantially all of its assets in uranium in the form of U3O8.
  • Our goal is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold uranium.
  • Investing in U.UN offers several compelling reasons: it's the world's largest physical uranium fund*, you benefit from Experienced Commodity Fund Manager & Uranium Technical Advisor, the liquidity of your investment, transparent daily reports of Net Asset and Holdings and has low fees.

Why Invest in U.UN?

  1. The World's Largest Physical Uranium Fund*
  2. Experienced Commodity Fund Manager & Uranium Technical Advisor
  3. Liquid and Convenient Way to Own Physical Uranium
  4. Transparent Daily Reporting of Net Asset and Holdings
  5. Low Fees

*Based on Morningstar’s universe of listed commodity funds. Data as of 12/31/2023.

Key Facts

Ticker / Exchange

U.U ($US)

U.UN ($CA)

Fund Type

Closed-End Trust

ISIN

Show ISIN

ISIN: CA85210A1049

CUSIP

Show CUSIP

CUSIP: 85210A104

Inception Date

July 19, 2021

Manager

Sprott Asset Management LP

Trustee

RBC Investor Services

Auditor

KPMG

Technical Advisor

WMC Energy

Storage Providers & Locations

Cameco (Canada); ConverDyn (U.S.); Orano (France)

Fees & Expenses

Management Expense Ratio 0.60%

Management Expense Ratio (“MER”) is based on total expenses (including applicable Canadian taxes and excluding commissions) and is expressed as an annualized percentage of the average daily net asset value (“NAV”) for the period ended 6/30/2023.

Highlights

Istock 538614303 600 400

Uranium Markets Shake Off Summer Doldrums

BY JACOB WHITE · 9/24/2024
The uranium market has faced short-term volatility, including price declines driven by geopolitical tensions and economic concerns. Despite these challenges, the long-term outlook remains strong. Supply uncertainties from key producers like Kazakhstan and Russia are contributing to this volatility, but the fundamental supply-demand imbalance suggests further growth potential.

Uranium Yellowcake

Uranium: Born of the Stars

Watch this video to learn incredible facts about uranium’s interplanetary origins and to understand its critical role in the burgeoning green energy economy.​

Sprott Uranium Watch

Get the Latest News

Follow up-to-date news on the compelling uranium/nuclear energy markets.

Performance

Total Returns (% $US) as of September 30, 2024

  1 MO* YTD* 1 YR Since
Inception1
U.U (NAV)**
3.70 -10.49 10.78 31.53
U.U (Market Price)**
5.69 -9.25 13.31 31.09
Benchmark: Spot Uranium Price1
3.78 -10.04 11.68 33.61
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Call 888.622.1813 for current month end performance.
*
Not annualized.
**
The NAV performance calculation is based on the USD NAV and the market price performance calculation is based on the USD closing price on the NYSE Arca.
1
The uranium spot price is measured by a proprietary composite of U3O8 spot prices from TradeTech, UxC, S&P Platts and Numerco.
  1 MO* YTD* 1 YR Since
Inception1
U.U (NAV)**
3.70 -10.49 10.78 141.08
U.U (Market Price)**
5.69 -9.25 13.31 138.51
Benchmark: Spot Uranium Price1
3.78 -10.04 11.68 153.39
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Call 888.622.1813 for current month end performance.
*
Not annualized.
**
The NAV performance calculation is based on the USD NAV and the market price performance calculation is based on the USD closing price on the NYSE Arca.
1
The uranium spot price is measured by a proprietary composite of U3O8 spot prices from TradeTech, UxC, S&P Platts and Numerco.
Cumulative return is the return on the investment in total.
 

2023

-- -- --
U.U (NAV)**

86.30

-- -- --
U.U (Market Price)**

82.05

-- -- --
Benchmark: Spot Uranium Price1

88.54

-- -- --
 
The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees, investment returns would have been reduced. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Growth of $10,000 Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.



Inception date: July 19, 2021.
The chart shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the Trust or returns on investment in the Trust.


Market Price vs. Net Asset Value Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.



Inception date: July 19, 2021.

Historical Premium/Discount: Market Price to Net Asset Value

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Inception date: July 19, 2021.

Frequency Distribution: Premium/Discount

Trading Days Each Quarter

Data updated as of November 5, 2024

  CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 24 0 5 0 --
Days Traded at Discount 226 62 59 63 --

The above table and line chart present information about the differences between the daily market price of a Trust unit and the Trust’s reported net asset value. The chart’s horizontal axis shows the premium or discount expressed in basis points. The market price is determined by the midpoint between the highest bid and the lowest offer on the Trust’s listing exchange, as of the time that the Trust’s NAV is calculated (usually 4:00 pm Eastern time).

Uranium Held

Total Pounds of Uranium (U308) Held by Trust

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Source: Sprott, RBC Investor Services Trust.

Daily and Cumulative Pounds of Uranium (U3O8) Acquired by Trust

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Source: Sprott, RBC Investor Services Trust.

Investor Details

Physical Uranium Calculator

Enter a specific number of Trust Units to estimate how much physical bullion they represent.

*

*

This calculator is designed to give you an idea of how much physical is represented for a given amount of Units of the based on the latest available market price and net asset value.

This calculator is for illustrative purposes only and should not be used to formulate transactions of any kind, including physical redemptions.

Metal per Unit

Sprott App LogoDownload Sprott Tracker Mobile App

The Sprott Tracker Mobile App lets you follow the daily performance of your investments in gold, silver, platinum, palladium and uranium held in Sprott Physical Trusts. Get the latest market prices, NAVs, premium/discount calculations, trading volume and more.

 

Tax & Resources

Tax Benefits

For U.S. investors, Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs.

Read the Potential Benefits

PFIC Statements

“PFIC” stands for “Passive Foreign Investment Company.” A foreign corporation such as the Sprott Physical Bullion Trusts (“the Trusts”) will be treated as a PFIC for any taxable year if either of the following is true: (a) more than 75% of its gross income is from passive sources or (b) at least 50% of its assets are held for the production of passive income.

PFIC Statements Subscription

Sign-up to have your annual PFIC statements delivered to you electronically.

How to Purchase

Sprott Physical Bullion Trusts trade on the NYSE Arca in U.S. dollars and on the TSX in both U.S. and Canadian dollars.

Trust units can be purchased or sold like any regular equity security through financial advisors, full-service brokers and discount brokers. Your units will be held in your name through the third-party financial professional. Units can be purchased or sold through:

Brokerage Services

Sprott Global Resource Investments Ltd.

Telephone: 800.477.7853

Email: contact@sprottglobal.com

Ticker / Exchange

U.U ($US)

U.UN ($CA)

CUSIP

85210A104

ISIN

CA85210A1049

Contact Us

Financial Advisors and Individual Investors

Telephone: 888.622.1813
Email: uranium@sprott.com

Institutional Investors

Contact: Glen Williams
Managing Director, Investor and
Institutional Client Relations;
Head of Corporate Communications, Sprott Inc.

General Information

Contact the Sprott Team for more information, or answers to your questions.

Telephone: 888.622.1813
Email: uranium@sprott.com

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