Sprott Physical Uranium Trust
As of November 6, 2024
NAV
$US19.04
NAV Daily Change
-$0.09
-0.45%
NAV Since Inception Change
127.17%
Management Expense Ratio
0.60%
Market Price
$US17.86
Premium / Discount
-6.18%
Total lbs of U308
66,111,826
Total Net Asset Value
$US5.14 Billion
Previous Close TSX U.U ($US)
In U.S. Dollars. Data last updated Wednesday, November 6, 2024 6:00 PM EST
Net Asset Value per Unit
$19.04
Previous Market Price Close
$17.86
Premium / Discount †
-6.18%
Units Outstanding
269,780,028
Total Pounds of U308 held within Trust*
66,111,826
Market Value of Uranium held by Trust
$5,107,138,526
Total Net Asset Value of Trust
$5,135,813,553
*Based on trade date.
Previous Close TSX U.UN ($CA)
(In Canadian Dollars. Data last updated Wednesday, November 6, 2024 6:00 PM EST)
Net Asset Value per Unit
$26.53
Previous Closing Market Price
$24.85
Premium / Discount †
-6.35%
Overview
- The Sprott Physical Uranium Trust invests and holds substantially all of its assets in uranium in the form of U3O8.
- Our goal is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold uranium.
- Investing in U.UN offers several compelling reasons: it's the world's largest physical uranium fund*, you benefit from Experienced Commodity Fund Manager & Uranium Technical Advisor, the liquidity of your investment, transparent daily reports of Net Asset and Holdings and has low fees.
Why Invest in U.UN?
- The World's Largest Physical Uranium Fund*
- Experienced Commodity Fund Manager & Uranium Technical Advisor
- Liquid and Convenient Way to Own Physical Uranium
- Transparent Daily Reporting of Net Asset and Holdings
- Low Fees
*Based on Morningstar’s universe of listed commodity funds. Data as of 12/31/2023.
Key Facts
Ticker / Exchange
U.U ($US)
U.UN ($CA)
Fund Type
Closed-End Trust
ISIN
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ISIN: CA85210A1049
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85210A104
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
July 19, 2021
Manager
Sprott Asset Management LP
Trustee
RBC Investor Services
Auditor
KPMG
Technical Advisor
WMC Energy
Storage Providers & Locations
Cameco (Canada); ConverDyn (U.S.); Orano (France)
Fees & Expenses
Management Expense Ratio 0.60%
Management Expense Ratio (“MER”) is based on total expenses (including applicable Canadian taxes and excluding commissions) and is expressed as an annualized percentage of the average daily net asset value (“NAV”) for the period ended 6/30/2023.Highlights
Uranium Markets Shake Off Summer Doldrums
BY JACOB WHITE · 9/24/2024
The uranium market has faced short-term volatility, including price declines driven by geopolitical tensions and economic concerns. Despite these challenges, the long-term outlook remains strong. Supply uncertainties from key producers like Kazakhstan and Russia are contributing to this volatility, but the fundamental supply-demand imbalance suggests further growth potential.
Uranium: Born of the Stars
Watch this video to learn incredible facts about uranium’s interplanetary origins and to understand its critical role in the burgeoning green energy economy.
Get the Latest News
Follow up-to-date news on the compelling uranium/nuclear energy markets.
Performance
Total Returns (% $US) as of September 30, 2024
| 1 MO* | YTD* | 1 YR | Since Inception1 |
|
| U.U (NAV)** | 3.70 | -10.49 | 10.78 | 31.53 |
| U.U (Market Price)** | 5.69 | -9.25 | 13.31 | 31.09 |
| Benchmark: Spot Uranium Price1 | 3.78 | -10.04 | 11.68 | 33.61 |
| 1 MO* | YTD* | 1 YR | Since Inception1 |
|
| U.U (NAV)** | 3.70 | -10.49 | 10.78 | 141.08 |
| U.U (Market Price)** | 5.69 | -9.25 | 13.31 | 138.51 |
| Benchmark: Spot Uranium Price1 | 3.78 | -10.04 | 11.68 | 153.39 |
2023 |
-- | -- | -- | |
| U.U (NAV)** | 86.30 |
-- | -- | -- |
| U.U (Market Price)** | 82.05 |
-- | -- | -- |
| Benchmark: Spot Uranium Price1 | 88.54 |
-- | -- | -- |
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: July 19, 2021.
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: July 19, 2021.
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: July 19, 2021.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of November 6, 2024
| CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
| Days Traded at Premium | 24 | 0 | 5 | 0 | -- |
| Days Traded at Discount | 226 | 62 | 59 | 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).
Uranium Held
Total Pounds of Uranium (U308) 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 Pounds of Uranium (U3O8) 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 Uranium 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
Quarterly Investor Presentation
Financial Summaries
Press Releases
- Sprott Physical Uranium Trust Announces Updated “At-the-Market” Equity Program
- Sprott Physical Uranium Trust Announces Filing of New US$1.5 Billion Preliminary Base Shelf Prospectus and Results of Consideration of Structural Changes
- Sprott Physical Uranium Trust Net Asset Value Reaches $5.0 Billion
- Sprott Physical Uranium Trust Announces Updated “At-the-Market” Equity Program
- Sprott Physical Uranium Trust Announces Filing of New Preliminary Base Shelf Prospectus and Consideration of Structural Changes
Sprott Monthly Uranium Report
- 9/2024 - Uranium Markets Shake Off Summer Doldrums
- 7/2024 - Uranium Case Strengthens
- 6/2024 - Uranium Miners Lead Market Higher
- 4/2024 - Miners Ignore Softer Uranium Price
- 3/2024 - Uranium Bull Market Takes a Healthy Pause
- 2/2024 - Uranium Price Returns to Triple Digits
- 12/2023 - What a Year for Uranium and Nuclear Energy
Quarterly Portfolio Disclosure
Tax & Resources
Tax Benefits
For U.S. investors, Sprott Physical Bullion Trusts potentially provide favorable tax advantages versus owning metals directly or precious metals ETFs.
PFIC Statements
“PFIC” stands for “Passive Foreign Investment Company.” A foreign corporation such as the Sprott Physical Bullion Trusts (“the Trusts”) will be treated as a PFIC for any taxable year if either of the following is true: (a) more than 75% of its gross income is from passive sources or (b) at least 50% of its assets are held for the production of passive income.
PFIC Statements Subscription
Sign-up to have your annual PFIC statements delivered to you electronically.
How to Purchase
Sprott Physical Bullion Trusts trade on the NYSE Arca in U.S. dollars and on the TSX in both U.S. and Canadian dollars.
Trust units can be purchased or sold like any regular equity security through financial advisors, full-service brokers and discount brokers. Your units will be held in your name through the third-party financial professional. Units can be purchased or sold through:
Brokerage Services
Sprott Global Resource Investments Ltd.
Telephone: 800.477.7853
Email: contact@sprottglobal.com
Ticker / Exchange
U.U ($US)
U.UN ($CA)
CUSIP
85210A104
ISIN
CA85210A1049
Contact Us
Financial Advisors and Individual Investors
Telephone: 888.622.1813
Email: uranium@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: uranium@sprott.com