Sprott Physical Platinum and Palladium Trust
As of November 1, 2024
NAV
$10.56
NAV Daily Change
-$0.06
-0.59%
NAV YTD
-1.24%
Management Expense Ratio
1.12%
Market Price
$10.46
Premium/Discount
-0.98%
Total Oz. of Platinum
91,746
Total Oz. of Palladium
79,899
Total Net Asset Value
$180 Million
Today's Pricing
The market is now closed
The market is now closed
The market is now closed
Previous Close NYSE Arca ($US)
In U.S. Dollars. Data last updated Friday, November 1, 2024 6:00 PM EST
Net Asset Value per Unit
$10.56
Previous Market Price Close
$10.46
Premium/Discount †
-0.98%
Units Outstanding
17,025,899
Total Oz. of Platinum held within Trust*
91,746
Market Value of Platinum & Palladium held by Trust
$180 Million
Total Oz. of Palladium*
79,899
Total Net Asset Value of Trust
$180 Million
*Based on trade date.
Previous Close TSX ($CA)
(In Canadian Dollars. Data last updated Friday, November 1, 2024 6:00 PM EST)
Net Asset Value per Unit
$14.74
Previous Closing Market Price
$14.58
Premium/Discount †
-1.11%
High-Low NAV History ($US)
As of Sep 30, 2024. Since Inception December 18, 2012.
High Net Asset Value per Unit
$21.21
Low Net Asset Value per Unit
$5.52
Premium/Discount Range
+6.80% to -20.16%
Overview
The Sprott Physical Platinum and Palladium Trust (SPPP) is a closed-end trust that invests in unencumbered and fully-allocated Good Delivery physical platinum and palladium bullion.
Our goal is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium.
Investing in SPPP offers several compelling reasons: you benefit from fully allocated Platinum and Palladium Bullion, redeemable for metals, secure storage you can trust, potential tax advantages, ease of purchase, sale, and ownership, and the liquidity of your investment.
Key Facts
Ticker/Exchange
SPPP (NYSE Arca)
SPPP.U (TSX $US)
SPPP (TSX $CA)
Fund Type
Closed-End Trust
ISIN
Show ISIN
ISIN: CA85207Q1046
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
Show CUSIP
CUSIP: 85207Q104
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
December 18, 2012
Issuer
Sprott Physical Platinum and Palladium Trust
Bullion Custodian
The Royal Canadian Mint
Manager
Sprott Asset Management LP
Trustee
RBC Investor Services
Auditor
KPMG
Fees & Expenses
Management Expense Ratio 1.12%
Metals Allocation
As of September 30, 2024
Total Platinum Ounces Held* | 76,950 |
---|---|
Total Palladium Ounces Held* | 74,928 |
Market Value of Platinum Held | $75.55 Million/50.17% |
Market Value of Palladium Held | $75.17 Million/49.92% |
Total Assets of Trust | $150.59 Million |
* Based on trade date.
Highlights
Palladium: The King of Catalysts
EDUCATIONAL VIDEO
As one of the key platinum group metals, Palladium is a highly prized commodity. It commands more monetary value than gold and is 30 times as rare, with industrial demand outstripping supply for the last decade.
Platinum: The Rarest Precious Metal
EDUCATIONAL VIDEO
Platinum is a metal that represents power and prestige. Platinum is a key element in catalytic converters for vehicles, as a catalyst in the chemical industry and even in the creation of life saving anti-cancer drugs.
Performance
Total Returns (% $US) as of September 30, 2024
1 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception1 |
|
SPPP (NAV)** | 4.39 |
-6.34 | -8.06 | -11.72 | -5.08 | 1.12 | 0.01 |
SPPP (Market Price)** | 4.36 | -2.68 | -8.82 | -11.82 | -5.16 | 1.05 | -0.15 |
Benchmark: Spot Platinum2 | 5.60 | -1.02 | 8.14 | 0.49 | 2.14 | -2.77 | -4.02 |
Benchmark: Spot Palladium2 | 3.47 | -8.81 | -19.62 | -19.36 | -9.75 | 2.64 | 3.25 |
1 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception1 |
|
SPPP (NAV)** | 4.39 | -6.34 | -8.06 | -31.20 | -22.95 | 11.82 | 0.17 |
SPPP (Market Price)** | 4.36 | -2.68 | -8.82 | -31.42 | -23.28 | 10.96 | -1.80 |
Benchmark: Spot Platinum2 | 5.60 | -1.02 | 8.14 | 1.49 | 11.17 | -24.52 | -38.37 |
Benchmark: Spot Palladium2 | 3.47 | -8.81 | -19.62 | -47.56 | -40.11 | 29.78 | 45.83 |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
SPPP (NAV) | -25.57 | -0.59 | -19.96 | 21.49 | 44.70 | 8.25 | 35.30 | 11.60 | -28.78 | -0.27 | -5.40 |
SPPP (Market Price) | -25.86 | -2.37 | -21.77 | 23.84 | 46.00 | 5.53 | 35.36 | 12.03 | -28.80 | -0.34 | -13.11 |
Spot Platinum | -7.67 | 10.89 | -9.64 | 10.92 | 21.48 | -14.49 | 2.99 | 1.16 | -26.07 | -11.79 | -11.03 |
Spot Palladium | -38.63 | -5.89 | -22.21 | 25.86 | 54.20 | 18.59 | 56.25 | 20.96 | -29.43 | 11.35 | 1.70 |
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: December 18, 2012.
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: December 18, 2012.
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: December 18, 2012.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of November 2, 2024
CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
Days Traded at Premium | 36 | 0 | 11 | 1 | -- |
Days Traded at Discount | 213 | 61 | 52 | 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).
Cumulative Oz. of Platinum 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.
Cumulative Oz. of Palladium 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
Platinum Bar List by Serial Number
Palladium Bar List by Serial Number
View a complete list of the serial numbers for each bullion bar held at secure third party storage location in Canada on behalf of the Sprott Physical Platinum and Palladium Trust. Please note that all bars held within the Trust are London Good Delivery. The bars are segregated within the vault and fully unencumbered.
Royal Canadian Mint Confirmation of Physical Bullion Holdings
Download 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.
Bullion Calculator
Metal per Unit
How to Obtain Physical Certificates
In the United States, shareholders can contact the Computershare call center at 800.446.2617 or go to computershare.com and access a transfer form by creating an account.
In Canada, shareholders can direct their broker to withdraw units from CDS Clearing and Depository Services Inc. When the broker puts in the withdrawal, the transfer agent in Canada, TSX Trust Company, will issue physical certificates to the broker.
How to Hold Units in Your Name
Once you have purchased Trust units through a third-party financial professional, the Direct Registration System (DRS) option gives you the ability to transfer the units you own from your broker to the Trust's transfer agents (Computershare for U.S. unitholders and TSX Trust Company for Canadian unitholders). DRS is the electronic or book-entry form of security ownership offered by and only through transfer agents and allows a unitholder to hold Trust units in that holder’s name directly as opposed to electronic security ownership through a broker. The DRS option went into effect on October 5, 2017, for unitholders of each of the Trusts (read press release).
How to Redeem for Physical Bullion
Sprott Physical Bullion Trust unitholders have the right to redeem for physical metals on a monthly basis, subject to meeting the minimum redemption amount. To submit a request for physical redemption, a unitholder must complete the required redemption form for the specific Trust from which they wish to redeem units.
Literature
Fact Sheet
Quarterly Investor Presentation
Press Releases
Financial Reports
- Dec 31, 2023 Annual Report & MRFP
- Sep 30, 2023 Third Quarter Report & MRFP
- Jun 30, 2023 Second Quarter Report & MRFP
- Mar 31, 2023 First Quarter Report & MRFP
- Dec 31, 2022 Annual Report & MRFP
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.
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.
Tax Guide and Forms for U.S. Investors
- Sprott Physical Bullion Trusts - Tax Guide for U.S. Investors (2023 Tax Year)
- PFIC Form 2023
- PFIC Form 2022
- IRS Form 8621
- Instructions for IRS Form 8621
- PFIC Form 2021
- PFIC Form 2020
- PFIC Form 2019
- PFIC Form 2018
- PFIC Form 2017
- IRS Form 8937 - 2017
- PFIC Form 2016
- PFIC Form 2015
- PFIC Form 2014
- PFIC Form 2013
- PFIC Form 2012
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
SPPP (NYSE Arca)
SPPP.U (TSX $US)
SPPP (TSX $CA)
CUSIP
85207Q104
ISIN
CA85207Q1046
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
General Information
Contact the Sprott Team for more information, or answers to your questions.
Telephone: 888.622.1813
Email: bullion@sprott.com