Sprott Physical Copper Trust

as of 6/14/2024

NAV

$US9.04

NAV Daily Change

-($0.08)
-0.83%

NAV Since Inception Change

-2.77%

Management Fee

0.50%

Market Price

$US9.45

Premium/Discount

4.55%

Total Metric Tonnes of Copper

9,059

Total Net Asset Value

$US90.4 Million

Overview

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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?

  1. The World's First Physical Copper Fund*
  2. Experienced Commodity Fund Manager & Copper Technical Advisor
  3. Liquid and Convenient Way to Own Physical Copper
  4. Transparent Daily Reporting of Net Asset Value and Holdings
  5. Limited Physical Redemption Option

 

*Based on Morningstar’s universe of listed commodity funds. Data as of 3/31/2024.

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 and C. Steinweg

Fees & Expenses

Management Fee 0.50% per annum, plus operating expenses

Featured Insight

A New Copper Supercycle Is Emerging
6/11/2024
Copper

A New Copper Supercycle Is Emerging

The copper market is entering a new supercycle, built on several rising geopolitical and market trends contributing to a strong bullish outlook. Demand is surging as countries invest in clean energy and protect their access to copper, while supply is constrained by a lack of new mine development.

Featured Insight

A New Copper Supercycle Is Emerging
6/11/2024
Copper

A New Copper Supercycle Is Emerging

The copper market is entering a new supercycle, built on several rising geopolitical and market trends contributing to a strong bullish outlook. Demand is surging as countries invest in clean energy and protect their access to copper, while supply is constrained by a lack of new mine development.

Pricing

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Previous Close TSX COP.U ($US)

Net Asset Value per Unit $9.04
Previous Market Price Close $9.45
Premium/Discount 4.55%
Units Outstanding 10,000,000
Total Metric Tonnes of Copper held within Trust* 9,059
Market Value of Copper held by Trust $88,019,538
Total Net Asset Value of Trust $90,390,457
(In U.S. Dollars. Data last updated Friday, June 14, 2024 6:00 PM EST)
*Based on trade date.

Previous Close TSX COP.UN ($CA)

Net Asset Value per Unit $12.41
Previous Closing Market Price $13.00
Premium/Discount 4.71%
(In Canadian Dollars. Data last updated Friday, June 14, 2024 6:00 PM EST)

Today's Pricing TSX COP.U ($US)

The market is now closed

Today's Pricing TSX COP.UN ($CA)

The market is now closed

Copper Video

Copper: The Essential Power Player in the Energy Transition​​

Learn about this critical mineral, its uses and how copper miners may be well positioned to benefit from increased investment in the low-carbon and renewable energy sector.

Watch Video Now

Charts

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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.
 Info

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

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Total Metric Tonnes 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 Tonnes 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

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Tax & Resources

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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

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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

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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

 

Contact Us

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.

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