As of 4/19/2024
NAV
$21.90
NAV Daily Change
$-0.10 (-0.45%)
NAV Since Inception Cumulative Change1
10.41%
Ticker/Exchange
COPJ
Market Price2
$22.07
Premium/Discount3
0.78%
Total Net Assets
$8.76 Million
Net Total Expense Ratio4
0.75%

Overview

Key Points

  1. Pure-Play Junior Copper ETF – The only†† pure-play ETF focused on small copper miners, selected for their potential for significant revenue and asset growth
  2. Essential to Electric Vehicles, Wind and Solar Plants – Essential to energy transmission, copper is a critical mineral across clean energy generation sources and in electric vehicles
  3. Growing Demand – To meet net-zero carbon emissions targets, energy transition-related demand for this critical mineral may increase nearly 4 times by 2040, relative to 2022†††
  4. Well-Positioned Companies – Companies that are upstream in the supply chain may be well-positioned to benefit from the increased investment in copper necessary for the clean energy transition

 

Investment Objective

Sprott Junior Copper Miners ETF (Nasdaq: COPJ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™), which is designed to track the performance of mid-, small- and micro-cap companies in copper-mining related businesses.

 

The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.

††Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 6/30/2023.

†††Source: “Critical Minerals Market Review”, International Energy Agency (IEA), July 2023. Data shown for Net Zero Emissions Scenario.

Featured Insight


4/12/2024

SPROTT ENERGY TRANSITION MATERIALS MONTHLY

Battery Storage Is the Technological Cornerstone for a Sustainable Energy Future

The energy sector has experienced a remarkable transformation, primarily driven by the rapid growth and integration of renewable energy sources. Central to this transition is the advancement of battery storage technology, a critical enabler that promises to reshape how we generate, distribute and consume electricity. As we examine this evolving landscape, it becomes evident that battery storage is a technological cornerstone for a sustainable energy future.

 

 

ETF Details As of 4/19/2024
ETF Ticker COPJ
Index Ticker NSCOPJ™
Listing Exchange Nasdaq®
CUSIP
ISIN
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $8,760,348.55
Shares Outstanding 400,000
Number of Holdings 40
Median 30 Day Bid Ask Spread
(As of 4/18/2024)
0.69 %
Adviser Sprott Asset Management USA, Inc.
Sponsor Sprott Asset Management LP
Sub-Adviser ALPS Advisors, Inc.
Distributor ALPS Distributors, Inc.
Fees and Expenses
Management Fee 0.75%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.75%
As of the most recent prospectus.4

Month-End Performance
Average Annual Total Returns (%) As of 3/31/2024

Fund 1 MO* 3 MO* S.I.*1
Sprott Junior Copper Miners ETF
(Net Asset Value)
18.71 13.36 4.49
Sprott Junior Copper Miners ETF
(Market Price)2
19.37 14.81 5.39
NASDAQ Sprott Junior Copper Miners™ Index
(Benchmark)5
18.27 12.69 7.63

Quarter-End Performance
Average Annual Total Returns (%) As of 3/31/2024

Fund 1 MO* 3 MO* S.I.*1
Sprott Junior Copper Miners ETF
(Net Asset Value)
18.71 13.36 4.49
Sprott Junior Copper Miners ETF
(Market Price)2
19.37 14.81 5.39
NASDAQ Sprott Junior Copper Miners™ Index
(Benchmark)5
18.27 12.69 7.63

Past performance does not guarantee future results.

 

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: 2/1/2023.

 

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: 2/1/2023.

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 173 52 -- -- --
Days Traded at Discount 41 6 -- -- --

Portfolio Characteristics

As of 3/31/2024

Number of Issuers 40
Market Cap (millions) $44,499.99
Weighted Avg. Company Market Cap (millions) $1,922.20
Market Cap Breakdown
Large (>$10B) 0.00%
Medium ($2 -$10B) 41.51%
Small (<$2B) 58.49%
Material Weightings†††
Copper Equities 98.04%
Other 1.96%

††† Reflects equities classified by Sprott Asset Management.

Company Domicile Breakdown

As of 3/31/2024

Daily Holdings

As of 4/19/2024

Security Market Value Symbol SEDOL Quantity Weight
Taseko Mines Ltd. $593,135.52 TGB 2592066 241,112 6.77%
Hudbay Minerals Inc. $560,474.92 HBM B05BQ98 71,948 6.40%
Capstone Copper Corp. $551,393.14 CS CN BMY5XY9 79,804 6.29%
MMG Ltd. $547,062.58 1208 HK 6728793 1,096,000 6.24%
Cia de Minas Buenaventura SAA $542,298.88 BVN 2210476 34,064 6.19%
ERO Copper Corp. $533,381.48 ERO CN BF02Z72 26,466 6.09%
China Gold International Resources Corp. Ltd. $467,516.02 2099 HK B60FNV8 75,200 5.34%
Sandfire Resources Ltd. $451,384.96 SFR AU 6739739 77,794 5.15%
NGEx Minerals Ltd. $408,104.29 NGEX CN BKDKBL4 62,347 4.66%
Filo Corp. $389,099.29 FIL CN BMDHMH2 21,477 4.44%
Atalaya Mining PLC $369,845.84 ATYM LN BYZTVM8 70,170 4.22%
Central Asia Metals PLC $353,263.98 CAML LN B67KBV2 137,601 4.03%
Foran Mining Corp. $327,290.56 FOM CN 2355731 106,134 3.74%
Ivanhoe Electric Inc. / US $288,839.40 IE BPF0KH6 27,249 3.30%
Solaris Resources Inc. $231,602.97 SLS CN BMQ5701 70,765 2.64%
Metals Acquisition Ltd. $226,099.56 MTAL BQBC846 17,609 2.58%
Jinchuan Group International Resources Co. Ltd. $214,189.24 2362 HK 6373988 2,179,000 2.44%
iShares MSCI India ETF $208,707.78 INDA B6XGR72 4,066 2.38%
Copperstone Resources $165,348.82 COPP SS BNDXB92 64,551 1.89%
SolGold PLC $158,390.26 SOLG LN B0WD0R3 1,333,514 1.81%
Northern Dynasty Minerals Ltd. $123,035.67 NAK B014QY6 420,491 1.40%
Amerigo Resources Ltd. $117,752.35 ARG CN 2855822 94,130 1.34%
Entree Resources Ltd. $97,103.39 ETG CN BDT74S8 82,415 1.11%
Philex Mining Corp. $80,829.18 PX PM B1FHVG5 1,567,950 0.92%
AIC Mines Ltd. $71,519.49 A1M AU BK9PVF7 253,244 0.82%
Los Andes Copper Ltd. $69,494.16 LA CN BN4GHY7 8,930 0.79%
Hot Chili Ltd. $65,333.22 HCH AU BNRNW06 86,262 0.75%
Rex Minerals Ltd. $64,171.01 RXM AU B27WX25 465,016 0.73%
Arizona Sonoran Copper Co. Inc. $60,850.79 ASCU CN BMC50Y0 59,762 0.69%
Encounter Resources Ltd. $59,746.83 ENR AU B0YV7G3 258,571 0.68%
Carnaby Resources Ltd. $50,165.30 CNB AU BKB0C46 129,186 0.57%
Hillgrove Resources Ltd. $49,720.59 HGO AU 6426150 1,046,820 0.57%
Caravel Minerals Ltd. $48,800.86 CVV AU B90KY77 353,636 0.56%
29Metals Ltd. $43,489.67 29M AU BNNVRL0 155,763 0.50%
Aeris Resources Ltd. $42,863.45 AIS AU BZ8W0K2 267,125 0.49%
Trilogy Metals Inc. $42,957.11 TMQ BD89HT7 108,890 0.49%
New World Resources Ltd. $39,532.81 NWC AU BZ17GS4 1,579,285 0.45%
Xanadu Mines Ltd. $22,629.91 XAM AU B55V6V5 534,203 0.26%
Arc Minerals Ltd. $10,680.23 ARCM LN BFWJ980 500,417 0.12%
Austral Resources Australia Ltd. $6,737.56 AR1 AU BK80SR4 65,607 0.08%
Cash Equivalent $5,505.48 $5,505.48 0.08%

40 total, excluding cash and cash equivalents.  Subject to change.


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Ordinary Income Total Distributions
12/14/2023 12/15/2023 12/21/2023 - - $0.46 $0.46

 



Education

White Paper - Copper: The Red Metal's Central Role in Powering Our Net-Zero Carbon Future

Sprott Copper White Paper

Video - Copper: The Essential Power Player in the Energy Transition

Copper: The Essential Power Player in the Energy Transition

Video - BENZINGA: Steve Schoffstall Discusses Uranium and Energy Transition ETFs

Video - BENZINGA: Steve Schoffstall Discusses Uranium and then Energy Transition ETFs

White Paper - A New Era: How Critical Minerals are Driving the Global Energy Transition

A New Era: How Critical Minerals are Driving the Global Energy Transition

Video - Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition

Educational Video - Critical Minerals for the Clean Energy Transition

 

 

Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call 888.622.1813 or visit www.sprottetfs.com for current month end performance. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

* Returns less than one year are not annualized.

1 Inception Date: 2/1/2023.

2 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

3 The Premium/Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).

4 Reflects Total Annual Operating Expenses as outlined in the most recent prospectus. For the services the Adviser (Sprott Asset Management USA, Inc.) provides to the Fund, the Adviser is entitled to receive an annual advisory fee from the Fund calculated daily and paid monthly at an annual rate of 0.75% of net assets.

5 The Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Sponsor”). The Index Provider and Sponsor co-developed the methodology for determining the securities to be included in the Index and the Index Provider is responsible for the ongoing maintenance of the Index. The Sponsor will provide certain services in connection with the Index including contributing inputs in connection with the eligibility and process to determine the initial selection and ongoing composition of the Index constituents.

Important Disclosures & Definitions

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Junior Copper Miners ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/copj/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.

The Fund is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Junior Copper Miners ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 10,000 shares.

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.

The Sprott Junior Copper Miners ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™).

Nasdaq®, Nasdaq Junior Copper Miners™ Index, and NSCOPJ™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Junior Copper Miners ETF. Sprott Asset Management LP is the Sponsor of the Fund. ALPS Distributors, Inc. is the Distributor for the Sprott Junior Copper Miners ETF and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 173 52 -- -- --
Days Traded at Discount 41 6 -- -- --

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported net asset value. The amount that the fund's market price is above the reported NAV is called the premium. The amount that the fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

*A unit that is equal to 1/100th of 1% and is used to denote the change in a financial instrument.

The Premium / Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).


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