Structure Closed-End Trust, exchange-traded
Symbols NYSE Arca: SPPP; TSX: SPPP.U
Management Fee 0.50% of NAV per annum, payable monthly
Bullion Custodian The Royal Canadian Mint, Canada
Manager Sprott Asset Management LP

Trust Highlights

The Trust was created to invest and hold substantially all of its assets in physical platinum and palladium bullion. Its purpose is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium bullion without the inconvenience that is typical of a direct investment in physical platinum and palladium. The Trust does not speculate with regard to short-term changes in platinum and palladium prices.


Without exception, the Trust's physical platinum bullion is fully allocated and stored at a secure third party storage location in Canada and the palladium bullion is fully allocated and stored in a secure third party storage location in London and Zurich. The physical bullion is subject to periodic inspection and audits. Unlike other bullion funds, the Trust does not have an unallocated account that is used to facilitate transfers of bullion between financial institutions that act as authorized participants.


Units of the Trusts trade on the NYSE Arca and the TSX and provide investors with access to the physical platinum and palladium bullion market with the liquidity of an exchange-traded security.

Cost Effective

For many investors, the transaction costs related to owning the Trust are expected to be lower than the costs to purchase, store and insure physical bullion directly.

The Sprott Physical Platinum and Palladium Trust's manager charges a 0.50% management fee per annum. There is also an administration fee charged annually which is estimated to be roughly 0.35% per year.

Tax Effective* 

For U.S. non-corporate investors who hold units for more than one year and make a timely Qualified Election Form (QEF) election, gains realized on the sale of the Trust’s units are currently taxed at the long-term capital gains rate of 15% (20% for higher income taxpayers), versus the maximum of 28% applied against most precious metals ETFs and physical gold coins.

Redeemable for Physical Bullion

Unitholders with a minimum quantity of units will have the ability to redeem their units for physical platinum and palladium bullion on a monthly basis. Please see "Redemption of Units" in the prospectus for details.


Trustee RBC Investor Services Trust, Toronto, Ontario, Canada
Custodian for assets that are not physical platinum and palladium bullion RBC Investor Services Trust, Toronto, Ontario, Canada
Registrar and Transfer Agent TMX Equity Transfer Services Ontario, Canada
Auditors Ernst & Young LLP, Toronto, Ontario, Canada
Valuation Agent RBC Investor Services Trust, Toronto, Ontario, Canada

* The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action. 

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How To Buy

The units of the Trusts can be purchased like any regular exchange-traded security through full service and discount brokers, including Sprott Global Resource Investments in the U.S. and Sprott Private Wealth in Canada. Both firms are affiliates of the Trusts.

CUSIP: 85207Q104
ISIN: CA85207Q1047
Price 7.82
Change +0.02
Volume 5,146
Wednesday, April 26, 2017 10:44 AM EST. Pricing delayed 20 minutes.
Price 7.87
Change 0.00
Volume 100
April 25, 2017 4:00 PM EST. Pricing delayed 20 minutes.

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