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Sprott Physical Copper Trust

As of November 1, 2024

NAV

$US8.82

NAV Daily Change

-$0.00

trending down -0.02%

NAV Since Inception Change

trending down -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

Today's Pricing

The market is now closed

The market is now closed

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?

  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

Ticker/Exchange

COP (NYSE)

COP.U (TSX $US)

COP.UN (TSX $CA)

Fund Type

Closed-End Trust

ISIN

Show ISIN

ISIN: CA85210C1005

CUSIP

Show CUSIP

CUSIP: 85210C100

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

Us Electric Grid 600 400

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.

Adobestock 687294077 600X400

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

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.

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.

General Information

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

Telephone: 888.622.1813
Email: bullion@sprott.com

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