Sprott physical copper fund starts trading on NYSE Arca

Sprott Physical Copper Trust, restructured as a mutual fund, began trading on the NYSE Arca on May 4. The vehicle previously operated as a non‑redeemable investment trust and is now offered with a 1.30% net expense ratio.

Sprott intends for the fund to hold most, if not nearly all, of its assets in physical copper. The fund focuses on high‑quality cathodes, specifically CME Grade 1 and LME Grade A, and stores metal in facilities approved by the CME and LME in jurisdictions the firm describes as stable.

Because the fund is a restructured trust rather than a brand‑new product, investors can review the prior performance record. As of March 31, 2026, the trust’s net asset value had risen 24.20% over the preceding 12 months.

Sprott describes the vehicle as the world’s first physical copper fund offered to investors. The firm also provides other copper exposure, including the Sprott Copper Miners ETF (COPP), which had more than $260 million in assets under management as of May 2, 2026.

Investor interest in copper has increased as the metal is used in electrification and energy generation, factors that support physical demand while supply remains constrained.

Jacob White, CFA and director of ETF product management at Sprott Asset Management, commented, “Beyond near‑term uncertainty, long‑term investor sentiment toward copper is strengthening. The outlook is increasingly defined by the convergence of tangible physical demand, a renewed emphasis on energy security and copper’s indispensable role in electrification — all against a backdrop of persistent supply constraints.”

Investors should read the fund prospectus to understand the investment objectives, risks, charges and expenses before investing. Past performance is not a guarantee of future results, and concentrated holdings in a single commodity can involve higher volatility and other risks compared with broadly diversified funds.