Sprott Physical Copper Trust
As of November 1, 2024
NAV
$US8.82
NAV Daily Change
-$0.00
-0.02%
NAV Since Inception Change
-11.83%
Management Fee
0.50%
Market Price
$US8.23
Premium/Discount
-6.66%
Total Metric Tons of Copper
10,166
Total Net Asset Value
$US98.8 Million
Previous Close TSX COP.U ($US)
In U.S. Dollars. Data last updated Friday, November 1, 2024 6:00 PM EST
Net Asset Value per Unit
$8.82
Previous Market Price Close
$8.23
Premium/Discount †
-6.66%
Units Outstanding
11,202,900
Total Metric Tons of Copper held within Trust*
10,166
Market Value of Copper held by Trust
$96.6 Million
Total Net Asset Value of Trust
$98.8 Million
*Based on trade date.
Previous Close TSX COP.UN ($CA)
(In Canadian Dollars. Data last updated Friday, November 1, 2024 6:00 PM EST)
Net Asset Value per Unit
$12.31
Previous Closing Market Price
$11.56
Premium/Discount †
-6.06%
Overview
- The Sprott Physical Copper Trust (COP) invests and holds substantially all of its assets in physical copper.
- Our goal is to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding copper.
- Investing in COP, the World's First Physical Copper Fund*, offers several compelling reasons: you benefit from experienced commodity fund manager & copper technical advisor, transparent daily reporting of Net Asset Value and Holdings, the liquidity of your investment, and limited physical redemption option.
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
*Based on Morningstar’s universe of listed commodity funds. Data as of 3/31/2024.
Key Facts
Ticker/Exchange
COP (NYSE)
COP.U (TSX $US)
COP.UN (TSX $CA)
Fund Type
Closed-End Trust
ISIN
Show ISIN
ISIN: CA85210C1005
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
Show CUSIP
CUSIP: 85210C100
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
June 6, 2024
Manager
Sprott Asset Management LP
Trustee
RBC Investor Services
Auditor
KPMG
Technical Advisor
WMC Energy B.V.
Storage Providers
PGS, C. Steinweg and Access World
Fees & Expenses
Management Fee: 0.50% per annum, plus operating expenses
Highlights
U.S. Electricity Grid Remakes Itself to Meet Surging AI-Led Power Demand
BY PAUL WONG and JACOB WHITE · 10/15/2024
Demand for electricity over the next decade will put pressure on the U.S. power grid to keep pace. New investment in power-hungry industrial facilities is driving demand, especially the data centers that support artificial intelligence (AI), U.S. reshoring initiatives and the steady electrification of the transport sector.
Copper: Wired for the Future
BY STEVE SCHOFFSTALL
The demand for copper in energy grids, electric vehicles and clean energy technologies, combined with diminishing ore grades and limited inventories, underscores copper's growing importance. We believe copper prices and miners are likely to benefit from the growing supply-demand gap.
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.
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 | -- | 0 | 17 | 22 | -- |
Days Traded at Discount | -- | 0 | 0 | 41 | -- |
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).
Copper Held
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.
Investor Details
Physical Copper Calculator
Metal per Unit
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.
Literature
Fact Sheet
Regulatory Documents
*Designated Facility: Access World Busan
Quarterly Portfolio Disclosure
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.
How to Purchase
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:
Brokerage Services
Sprott Global Resource Investments Ltd.
Telephone: 800.477.7853
Email: contact@sprottglobal.com
Ticker/Exchange
COP (NYSE)
COP.U (TSX $US)
COP.UN (TSX $CA)
CUSIP
85210C100
ISIN
CA85210C1005
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