Sprott Copper Miners ETF
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As of December 19, 2024
NAV
$20.41
NAV Daily Change
-$0.15
-0.73%
NAV Since Inception Cumulative Change1
6.35%
Ticker
COPP
Market Price2
$20.32
Premium/Discount3
-0.44%
Total Net Asset Value
$23.5 Million
Net Total Expense Ratio4
0.65%
Overview
Key Points
- Pure-Play† Copper ETF – The only†† pure-play ETF focused on large-, mid- and small-cap copper mining companies that are providing a critical mineral necessary to meet rising requirements for global electricity.
- Essential to Energy Transmission – Crucial to almost every aspect of electricity, copper is essential to power grids, technology, manufacturing and the energy transition.
- Growing Demand and Challenged Supplies – The ETF will invest in copper miners poised to help capitalize on rising copper demand, despite copper’s constrained supplies, diminishing ore grades, extended lead times for new mines, and dwindling inventories.
- Well-Positioned Companies – Companies upstream in the supply chain may be well-positioned to benefit from the increased investment in copper necessary to meet the rising global demand for energy.
Investment Objective
Sprott Copper Miners ETF (Nasdaq: COPP) is the only†† ETF to provide pure-play† exposure to large-, mid- and small-cap copper miners that supply a mineral critical to energy transmission. Copper demand may increase as clean energy grids and technology develop in response to global energy transition goals. COPP seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners™ Index (NSCOPP™). The Index is designed to track the performance of a selection of global securities in the copper industry, including copper producers, developers and explorers.
†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 9/30/2024.
Key Facts
Ticker
COPP
Listing Exchange
Nasdaq®
Benchmark Index
NSCOPP
Index Rebalance Frequency
Semi-Annually in June & December
ISIN
Show ISIN
ISIN: US85208P8813
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85208P881
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
March 5, 2024
Adviser
Sprott Asset Management USA, Inc.
Sub-Adviser
ALPS Advisors, Inc.
Distributor
ALPS Distributors, Inc.
Fees & Expenses4
| Management Fee | 0.65% |
| Other Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 0.65% |
ETF Fund Details
December 19, 2024
Total Net Assets
$23,468,634.53
Shares Outstanding
1,150,000
Number of Holdings
50
Median 30 Day Bid Ask Spread
(As of 12/19/2024)
0.30%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 11/30/2024
| Fund | 1 MO* | S.I.*1 |
| Sprott Copper Miners ETF (Net Asset Value) |
-2.26 | 18.49 |
| Sprott Copper Miners ETF (Market Price)2 |
-2.47 | 18.33 |
| Nasdaq Sprott Copper Miners™� Index (Benchmark)5 |
-2.22 | 18.70 |
| MSCI All Country World Index5 | 3.74 | 14.69 |
Quarter-End Performance
Average Annual Total Returns (%) As of 9/30/2024
| Fund | 1 MO* | S.I.*1 |
| Sprott Copper Miners ETF (Net Asset Value) |
8.75 | 32.50 |
| Sprott Copper Miners ETF (Market Price)2 |
8.69 | 32.15 |
| Nasdaq Sprott Copper Miners™ Index (Benchmark)5 |
8.90 | 32.89 |
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: 3/5/2023.
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 0.65% of net assets.
5 The Nasdaq Sprott Copper Miners™ Index (NSCOPP™) 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.
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: March 05, 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: March 05, 2024.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of December 21, 2024
| CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
| Days Traded at Premium | -- | 16 | 46 | 28 | -- |
| Days Traded at Discount | -- | 1 | 13 | 35 | -- |
Portfolio Characteristics
As of 11/30/2024
| Number of Issuers | 50 |
| Market Cap (millions) | $306,968.83 |
| Weighted Avg. Company Market Cap (millions) | $27,679.65 |
| Market Cap Breakdown | |
| Large (>$10B) | 59.32% |
| Medium ($2 -$10B) | 27.56% |
| Small (<$2B) | 13.12% |
| Material Weightings††† | |
| Copper Equities | 99.03% |
| Other | 0.97% |
†† Reflects equities classified by Sprott Asset Management.
Company Domicile Breakdown
As of 11/30/2024
Holdings
As of 12/19/2024
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Freeport-McMoRan Inc. | $5,375,855.68 | FCX | 2352118 | 140,582 | 22.91% |
| Antofagasta PLC | $2,161,418.51 | ANTO LN | 0045614 | 108,999 | 9.21% |
| Amman Mineral Internasional PT | $2,034,984.96 | AMMN IJ | BRK2Z98 | 3,703,900 | 8.67% |
| First Quantum Minerals Ltd. | $1,396,053.98 | FM CN | 2347608 | 115,409 | 5.95% |
| Capstone Copper Corp. | $1,339,879.28 | CS CN | BMY5XY9 | 220,391 | 5.71% |
| KGHM Polska Miedz SA | $1,247,281.20 | KGH PW | 5263251 | 43,632 | 5.31% |
| Hudbay Minerals Inc. | $1,198,697.22 | HBM | B05BQ98 | 151,542 | 5.11% |
| Ivanhoe Mines Ltd. | $1,186,986.94 | IVN CN | BD73C40 | 101,387 | 5.06% |
| Southern Copper Corp. | $1,152,049.50 | SCCO | 2823777 | 12,525 | 4.91% |
| Lundin Mining Corp. | $1,057,349.87 | LUN CN | 2866857 | 127,560 | 4.51% |
| Sandfire Resources Ltd. | $750,768.28 | SFR AU | 6739739 | 129,759 | 3.20% |
| Minsur SA | $444,697.86 | MINSURI1 | 2595797 | 368,447 | 1.89% |
| NGEx Minerals Ltd. | $422,047.57 | NGEX CN | BKDKBL4 | 45,603 | 1.80% |
| ERO Copper Corp. | $387,279.90 | ERO | BD6D4V2 | 29,745 | 1.65% |
| MMG Ltd. | $347,164.61 | 1208 HK | 6728793 | 1,061,900 | 1.48% |
| Sociedad Minera Cerro Verde SAA | $329,909.70 | CVERDEC1 | 2677929 | 8,027 | 1.41% |
| Foran Mining Corp. | $254,968.71 | FOM CN | 2355731 | 93,138 | 1.09% |
| iShares MSCI India ETF | $248,094.78 | INDA | B6XGR72 | 4,614 | 1.06% |
| Taseko Mines Ltd. | $213,364.19 | TGB | 2592066 | 111,709 | 0.91% |
| Ivanhoe Electric Inc. / US | $199,399.80 | IE | BPF0KH6 | 28,815 | 0.85% |
| MAC Copper Ltd. | $199,574.39 | MTAL | BQBC846 | 18,989 | 0.85% |
| Atalaya Mining PLC | $130,492.03 | ATYM LN | BYZTVM8 | 31,295 | 0.56% |
| Central Asia Metals PLC | $118,720.12 | CAML LN | B67KBV2 | 62,717 | 0.51% |
| FireFly Metals Ltd. | $104,574.06 | FFM AU | BPDXXB2 | 184,117 | 0.45% |
| Solaris Resources Inc. | $105,003.86 | SLS CN | BMQ5701 | 35,310 | 0.45% |
| Northern Dynasty Minerals Ltd. | $98,084.89 | NAK | B014QY6 | 206,104 | 0.42% |
| Jinchuan Group International Resources Co. Ltd. | $71,928.23 | 2362 HK | 6373988 | 1,054,400 | 0.31% |
| Entree Resources Ltd. | $73,830.12 | ETG CN | BDT74S8 | 46,000 | 0.31% |
| Marimaca Copper Corp. | $63,050.59 | MARI CN | BKSCZX5 | 18,222 | 0.27% |
| Trilogy Metals Inc. | $58,339.44 | TMQ | BD89HT7 | 54,018 | 0.25% |
| Gruvaktiebolaget Viscaria | $59,394.90 | VISC SS | BNDXB92 | 31,042 | 0.25% |
| SolGold PLC | $55,098.94 | SOLG LN | B0WD0R3 | 644,279 | 0.23% |
| Regulus Resources Inc. | $52,321.28 | REG CN | BRGW934 | 40,055 | 0.22% |
| Amerigo Resources Ltd. | $50,168.09 | ARG CN | 2855822 | 45,699 | 0.21% |
| Sierra Metals Inc. | $38,882.10 | SMT CN | B83BRQ0 | 65,071 | 0.17% |
| Faraday Copper Corp. | $37,079.31 | FDY CN | BLNNJN8 | 69,307 | 0.16% |
| Imperial Metals Corp. | $36,589.92 | III CN | 2878937 | 26,732 | 0.16% |
| Copper 360 Ltd. | $33,738.97 | CPR SJ | BQBBB22 | 267,694 | 0.14% |
| AIC Mines Ltd. | $27,976.88 | A1M AU | BK9PVF7 | 140,075 | 0.12% |
| Arizona Sonoran Copper Co. Inc. | $28,069.06 | ASCU CN | BMC50Y0 | 28,856 | 0.12% |
| Aeris Resources Ltd. | $25,830.36 | AIS AU | BZ8W0K2 | 229,916 | 0.11% |
| Encounter Resources Ltd. | $26,159.42 | ENR AU | B0YV7G3 | 139,707 | 0.11% |
| Hot Chili Ltd. | $21,756.24 | HCH AU | BNRNW06 | 50,518 | 0.09% |
| Caravel Minerals Ltd. | $19,721.54 | CVV AU | B90KY77 | 170,797 | 0.08% |
| Hillgrove Resources Ltd. | $18,250.11 | HGO AU | 6426150 | 562,307 | 0.08% |
| Copper Fox Metals Inc. | $16,640.00 | CUU CN | B02SP06 | 92,112 | 0.07% |
| 29Metals Ltd. | $14,103.28 | 29M AU | BNNVRL0 | 94,150 | 0.06% |
| China Daye Non-Ferrous Metals Mining Ltd. | $14,861.57 | 661 HK | 6571180 | 2,264,000 | 0.06% |
| Carnaby Resources Ltd. | $13,881.34 | CNB AU | BKB0C46 | 62,649 | 0.06% |
| New World Resources Ltd. | $11,480.45 | NWC AU | BZ17GS4 | 1,021,875 | 0.05% |
| Cash Equivalent | $94,780.50 | $94,780.50 | 0.38% |
50 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 |
|---|---|---|---|---|---|---|
12/12/2024 |
12/12/2024 |
12/19/2024 |
- |
- |
$0.53 |
$0.53 |
Literature
Fact Sheet
Quarterly Investor Presentation
5 Reasons to Invest in Copper
Index Rebalance
White Paper
FAQs
Commentary
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Contact Us
Investment Adviser
Sprott Asset Management USA, Inc.
320 Post Road, Suite 230
Darien, CT 06820
Telephone: 888.622.1813
Distributor and Sub-Adviser
ALPS
1290 Broadway, Suite 1100
Denver, CO 80203
Client Services
Financial Advisors and Investors
Telephone: 888.622.1813
Email: bullion@sprott.com
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