Sprott Physical Copper Trust
Overview
Investment Objective
The Sprott Physical Copper Trust invests and holds substantially all of its assets in physical copper.
Goal
Provide a secure, convenient and exchange-traded investment alternative for investors interested in holding copper.
Why Invest in COP?
- The World's First Physical Copper Fund*
- Experienced Commodity Fund Manager & Copper Technical Advisor
- Liquid and Convenient Way to Own Physical Copper
- Transparent Daily Reporting of Net Asset Value and Holdings
- Limited Physical Redemption Option
Key Facts
| Toronto Stock Exchange (TSX) Tickers | COP.U ($US) COP.UN ($CA) |
|---|---|
| Inception Date |
June 6, 2024 |
| Fund Type | Closed-End Trust |
| CUSIP | |
| ISIN | |
| Manager | Sprott Asset Management LP |
| Technical Advisor | WMC Energy B.V. |
| Trustee | RBC Investor Services |
| Auditor | KPMG |
| Storage Providers | PGS, C. Steinweg and Access World |
Fees & Expenses
| Management Fee | 0.50% per annum, plus operating expenses |
|---|
Featured Insight
The Unstoppable Rise of Renewable Energy
Renewable energy is rapidly replacing fossil fuels as costs decrease and efficiencies improve with increased deployment, making it much cheaper than traditional energy sources. This shift, driven by the exponential growth of renewables, electrification, and efficiency, is expected to significantly alter global power dynamics as fossil fuels are phased out.
Featured Insight
The Unstoppable Rise of Renewable Energy
Renewable energy is rapidly replacing fossil fuels as costs decrease and efficiencies improve with increased deployment, making it much cheaper than traditional energy sources. This shift, driven by the exponential growth of renewables, electrification, and efficiency, is expected to significantly alter global power dynamics as fossil fuels are phased out.
Pricing
Previous Close TSX COP.U ($US)
| Net Asset Value per Unit | $9.16 |
|---|---|
| Previous Market Price Close | $8.77 |
| Premium/Discount | -4.23% |
| Units Outstanding | 11,202,900 |
| Total Metric Tons of Copper held within Trust* | 10,166 |
| Market Value of Copper held by Trust | $100,207,483 |
| Total Net Asset Value of Trust | $102,589,824 |
*Based on trade date.
Previous Close TSX COP.UN ($CA)
| Net Asset Value per Unit | $12.42 |
|---|---|
| Previous Closing Market Price | $12.36 |
| Premium/Discount | -0.45% |
Today's Pricing TSX COP.U ($US)
The market is now closed
Today's Pricing TSX COP.UN ($CA)
The market is now closed
Learn about this critical mineral. When it comes to electric power, copper’s essential role is unmatched. From the very first flicker of electric lights, to the rise of the digital age, to the transition to new power sources and the proliferation of electric vehicles, copper remains crucial.
Charts
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: June 06, 2024.
Historical Premium/Discount: Market Price to Net Asset Value
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: June 06, 2024.
What is a Premium/Discount?
The amount the Fund's closing price is trading above or below the reported NAV (net asset value), expressed as a percentage of the NAV. When the Fund's closing price is greater than the Fund's NAV, it is trading at a “premium” and the percentage is expressed as a positive number. When the Fund's closing price is less than the Fund's NAV, it is trading at a “discount” and the percentage is expressed as a negative number.
Frequency Distribution: Premium/Discount
Data not available.
Copper Held
Total Metric Tons of Copper 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 Metric Tons of Copper 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.
Literature
Fact Sheet
Regulatory Documents
- Short Form Base Shelf Prospectus
- Prospectus Supplement
- Prospectus
- Prospectus French
- Form of Copper Redemption Notice
Quarterly Portfolio Disclosure
Press Releases
Tax & Resources
PFIC Statements
“PFIC” stands for “Passive Foreign Investment Company.” A foreign corporation such as the Sprott Physical Copper Trust 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 Annual Information Statements
Sign-up to have your annual PFIC statements delivered to you electronically.
Tax Guide and Forms for U.S. Investors
- Not available yet.
Tax Forms for U.K. Investors
- Not available yet.
How to Purchase
Sprott Physical Copper Trust
| Ticker Symbols | COP.U ($US) COP.UN ($CA) |
| CUSIP | 85210C100 |
| ISIN | CA85210C1005 |
Sprott Physical Copper Trust units trade 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 Sprott Global Resource Investments, an affiliate of the Trusts, at 800.477.7853.
Contact Us
Financial Advisors and Individual Investors
Telephone: 888.622.1813
Email: invest@sprott.com
Institutional Investors
Contact: Glen Williams, Managing Director, Investor and Institutional Client Relations; Head of Corporate Communications, Sprott Inc.
Telephone: 416.943.4394
Email: gwilliams@sprott.com
Please contact the Sprott Team at 888.622.1813 for more information, or answers to your questions. You can also email us at invest@sprott.com.
Important Disclosure
All data is in U.S. dollars unless otherwise noted. Sprott Asset Management LP is the investment manager to the Sprott Physical Copper Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the Prospectus. Please read the Prospectus carefully before investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust on the Toronto Stock Exchange (“TSX”). If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units or shares of the Trusts and may receive less than the current net asset value when selling them. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell.