Sprott Lithium Miners ETF
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As of December 19, 2024
NAV
$6.74
NAV Daily Change
-$0.09
-1.32%
NAV Since Inception Cumulative Change1
-63.47%
Ticker
LITP
Market Price2
$6.68
Premium/Discount3
-0.89%
Total Net Asset Value
$6.27 Million
Net Total Expense Ratio4
0.65%
Overview
Key Points
- Pure-Play† Lithium ETF –The only†† pure-play U.S.-listed ETF focused on lithium mining companies that are providing a critical material necessary to meet the rising global demand for batteries and energy storage.
- Growing Demand – Electric vehicles are the largest consumers of lithium, and accordingly, clean energy demand for this critical mineral may increase 14 times by 2040, relative to 2023.††† Lithium is also used in batteries across the spectrum of electronics and energy storage.
- Strategically Important – Lithium miners, producers and explorers have received increased investments from Western governments and automakers that are securing onshore sources of materials to optimize the battery supply chain.
- Well-Positioned Companies – Companies upstream in the supply chain may be well-positioned to benefit from the increased investment in lithium necessary to meet the rising global demand for energy and energy storage.
Investment Objective
Sprott Lithium Miners ETF (Nasdaq: LITP) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners™ Index (NSLITP™). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium 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.
†††Source: “Global Critical Minerals Outlook 2024”, International Energy Agency (IEA), May 2024. Data shown for Net Zero Emissions Scenario.
Key Facts
Ticker
LITP
Listing Exchange
Nasdaq®
Benchmark Index
NSLITP
Index Rebalance Frequency
Semi-Annually in June & December
ISIN
Show ISIN
ISIN: US85208P7096
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
Show CUSIP
CUSIP: 85208P709
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
February 1, 2023
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
$6,268,003.36
Shares Outstanding
930,000
Number of Holdings
45
Median 30 Day Bid Ask Spread
(As of 12/19/2024)
0.85%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 11/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Lithium Miners ETF (Net Asset Value) |
-3.27 | 13.91 | -34.47 | -25.58 | -37.72 |
| Sprott Lithium Miners ETF (Market Price)2 |
-2.23 | 15.06 | -34.31 | -25.10 | -37.47 |
| Nasdaq Sprott Lithium Miners™� Index (Benchmark)5 |
-3.32 | 14.11 | -34.74 | -26.56 | -37.95 |
| MSCI All Country World Index5 | 3.74 | 3.77 | 20.34 | 26.12 | 18.31 |
Quarter-End Performance
Average Annual Total Returns (%) As of 9/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Lithium Miners ETF (Net Asset Value) |
13.09 | 4.85 | -34.94 | -42.20 | -40.88 |
| Sprott Lithium Miners ETF (Market Price)2 |
12.98 | 4.60 | -35.49 | -42.21 | -41.01 |
| Nasdaq Sprott Lithium Miners™ Index (Benchmark)5 |
13.56 | 5.15 | -35.05 | -42.89 | -41.03 |
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 0.65% of net assets.
5 The Nasdaq Sprott Lithium Miners™ Index (NSLITP™) 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: February 01, 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: February 01, 2023.
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 | 172 | 52 | 46 | 49 | -- |
| Days Traded at Discount | 49 | 8 | 15 | 14 | -- |
Portfolio Characteristics
As of 11/30/2024
| Number of Issuers | 44 |
| Market Cap (millions) | $68,710.72 |
| Weighted Avg. Company Market Cap (millions) | $5,081.93 |
| Market Cap Breakdown | |
| Large (>$10B) | 27.36% |
| Medium ($2 -$10B) | 35.38% |
| Small (<$2B) | 37.27% |
| Material Weightings††† | |
| Lithium Equities | 97.34% |
| Other Equities | 2.66% |
††† 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 |
|---|---|---|---|---|---|
| Arcadium Lithium PLC | $951,380.40 | ALTM | BM9HZ11 | 194,955 | 15.18% |
| Sociedad Quimica y Minera de Chile SA | $696,979.88 | SQM | 2771122 | 18,517 | 11.12% |
| Albemarle Corp. | $626,352.48 | ALB | 2046853 | 7,044 | 9.99% |
| IGO Ltd. | $564,889.40 | IGO AU | 6439567 | 184,705 | 9.01% |
| Pilbara Minerals Ltd. | $452,992.92 | PLS AU | B2368L5 | 340,740 | 7.23% |
| Ganfeng Lithium Group Co. Ltd. | $402,719.68 | 1772 HK | BZ9NS11 | 153,000 | 6.43% |
| Sigma Lithium Corp. | $299,641.00 | SGML | BNM4ZD8 | 27,490 | 4.78% |
| Lithium Americas Corp. | $262,439.10 | LAC | BQ2LQL5 | 89,265 | 4.19% |
| Vulcan Energy Resources Ltd. | $224,617.96 | VUL AU | BKYBH63 | 64,960 | 3.58% |
| Lithium Americas Argentina Corp. | $192,728.25 | LAAC | BQ2LQQ0 | 70,083 | 3.07% |
| Tianqi Lithium Corp. | $190,855.03 | 9696 HK | BMZ3RS4 | 61,400 | 3.04% |
| Mineral Resources Ltd. | $179,912.87 | MIN AU | B17ZL56 | 8,727 | 2.87% |
| Liontown Resources Ltd. | $162,067.07 | LTR AU | B1J89V5 | 480,853 | 2.59% |
| Patriot Battery Metals Inc. | $154,109.60 | PMET CN | BMG0XS6 | 63,012 | 2.46% |
| Latin Resources Ltd. | $106,528.37 | LRS AU | B44CSR2 | 1,177,087 | 1.70% |
| Standard Lithium Ltd. | $105,555.21 | SLI | BF0QWN9 | 75,939 | 1.68% |
| Sayona Mining Ltd. | $73,673.88 | SYA AU | BBX4LR9 | 4,918,284 | 1.18% |
| ioneer Ltd. | $72,823.54 | INR AU | BGYBHZ4 | 833,403 | 1.16% |
| Piedmont Lithium Inc. | $72,938.48 | PLL | BMGHM13 | 8,145 | 1.16% |
| Core Lithium Ltd. | $50,406.92 | CXO AU | B4XFS83 | 1,009,512 | 0.80% |
| Savannah Resources PLC | $32,140.03 | SAV LN | B647W79 | 597,812 | 0.51% |
| Leo Lithium Ltd. | $30,053.56 | LLL AU | BPX2X20 | 117,442 | 0.48% |
| Lithium Chile Inc. | $23,298.50 | LITH CN | BYWPWY8 | 45,314 | 0.37% |
| Lithium Ionic Corp. | $23,332.99 | LTH CN | BMD8PV0 | 44,776 | 0.37% |
| Surge Battery Metals Inc. | $22,004.02 | NILI CN | BNGDW52 | 91,795 | 0.35% |
| Li-FT Power Ltd. | $18,392.57 | LIFT CN | BP7MPW0 | 9,626 | 0.29% |
| Lake Resources NL | $16,428.97 | LKE AU | 6397267 | 658,054 | 0.26% |
| Atlantic Lithium Ltd. | $14,894.16 | ALL LN | BPWBM76 | 85,211 | 0.24% |
| Critical Metals Corp. | $15,079.68 | CRML | BSNX0D4 | 2,448 | 0.24% |
| Delta Lithium Ltd. | $15,054.41 | DLI AU | BN6L1H1 | 146,181 | 0.24% |
| Kodal Minerals PLC | $15,041.05 | KOD LN | BH3X7Y7 | 3,437,138 | 0.24% |
| Arizona Lithium Ltd. | $13,928.00 | AZL AU | BNVQG98 | 1,716,551 | 0.22% |
| Frontier Lithium Inc. | $13,657.43 | FL CN | BDGT4W1 | 43,681 | 0.22% |
| American Lithium Corp. | $13,485.54 | LI CN | BF4XHL9 | 38,057 | 0.22% |
| E3 Lithium Ltd. | $13,323.73 | ETL CN | BMC1587 | 20,731 | 0.21% |
| Galan Lithium Ltd. | $12,594.96 | GLN AU | BG5PWD8 | 175,473 | 0.20% |
| Atlas Lithium Corp. | $11,708.06 | ATLX | BMD4B09 | 1,838 | 0.19% |
| Global Lithium Resources Ltd. | $11,802.64 | GL1 AU | BNKDXV1 | 111,235 | 0.19% |
| Anson Resources Ltd. | $10,572.71 | ASN AU | BD8PFL3 | 302,489 | 0.17% |
| Critical Elements Lithium Corp. | $10,742.18 | CRE CN | B1SJ179 | 40,686 | 0.17% |
| Cleantech Lithium PLC | $10,924.54 | CTL LN | BTJ0144 | 48,542 | 0.17% |
| Brunswick Exploration Inc. | $9,612.77 | BRW CN | BMQBP05 | 95,415 | 0.15% |
| Winsome Resources Ltd. | $8,698.15 | WR1 AU | BN963F5 | 35,281 | 0.14% |
| Argosy Minerals Ltd. | $5,520.66 | AGY AU | 6122113 | 315,896 | 0.09% |
| Kairos Gold Inc. | $371.01 | 2519447D | 4,531 | 0.01% | |
| Cash Equivalent | $51,729.00 | $51,729.00 | 0.84% |
45 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 |
12/21/2024 |
- |
- |
$0.35 |
$0.35 |
12/12/2024 |
12/12/2024 |
12/19/2024 |
- |
- |
$0.44 |
$0.44 |
Literature
Fact Sheet
Quarterly Investor Presentation
5 Reasons to Invest in Lithium
Index Rebalance
White Paper
FAQs
Commentary
Batteries and Minerals Driving Global Electrification
Batteries and energy storage continue to underpin electrification trends, solidifying their role as a cornerstone in the global shift toward sustainable energy. Support is being strengthened by strategic investments from governments and corporations, and resilient demand for critical minerals like lithium, copper and nickel.
Shifting Energy: An Inside Look at the Global War for Lithium, Copper and Critical Minerals with Author Ernest Scheyder
Author and acclaimed Reuters journalist Ernest Scheyder discusses his book, The War Below: Lithium, Copper, and the Global Battle to Power Our Lives, with Sprott's Steve Schoffstall in this exclusive interview.
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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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