As of 5/26/2023
NAV
$17.60
NAV Daily Change
$0.00 (0.00%)
NAV Since Inception Change1
-12.91%
Ticker/Exchange
LITP
Market Price2
$17.76
Premium/Discount3
0.91%
Total Net Assets
$3.34 Million
Net Total Expense Ratio4
0.65%

Overview

Key Points

  1. Pure-Play Lithium ETF –The only†† pure-play U.S.-listed ETF focused on lithium mining companies that are providing a critical mineral necessary for the clean energy transition
  2. Essential to Electric Vehicles – Lithium is a vital component in the rechargeable batteries used for hybrid and electric vehicles (EVs) and clean energy storage
  3. Growing Demand – Electric vehicles are the largest consumer of lithium, and demand for this critical mineral may increase more than 40 times by 2040 relative to 2020††
  4. Well-Positioned Companies – Companies that are upstream in the supply chain may be well-positioned to benefit from the increased investment in lithium necessary for the clean energy transition

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 1/31/2023.

†††Source: "The Role of Critical Minerals in Clean Energy Transitions,” International Energy Agency (IEA), May 2021.

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.

 

Educational Video - Lithium: Driving the EV Revolution Forward

Featured Insight

EV Batteries
5/9/2023
Sprott Energy Transition Materials

Nationalization and Surging M&A Highlight Secular Strength

The long-term secular growth outlook for energy transition materials got several boosts in April, despite tepid performance for the month. Chile's decision to nationalize its lithium reserves reinforces the metal's role as a global strategic economic asset. M&A activity has heated up in the copper mining sector with lofty bids, including Glencore's $23 billion rejected offer for Teck Resources at a 20% premium.

 

ETF Details As of 5/26/2023
ETF Ticker LITP
Index Ticker NSLITP
Listing Exchange Nasdaq®
CUSIP 85208P709
ISIN US85208P7096
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $3,344,176.62
Shares Outstanding 190,000
Number of Holdings 44
Median 30 Day Bid Ask Spread na
Adviser Sprott Asset Management LP
Sub-Adviser ALPS Advisors, Inc.
Distributor ALPS Distributors, Inc.
Fees and Expenses
Management Fee 0.65%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.65%
As of the most recent prospectus.4

Month-End Performance
Average Annual Total Returns (%) As of 4/30/2023

Fund 1 MO* S.I.1
Sprott Lithium Miners ETF
(Net Asset Value)
-1.95 -17.91
Sprott Lithium Miners ETF
(Market Price)2
-1.88 -17.47
NASDAQ Sprott Lithium Miners™ Index
(Benchmark)5
-2.32 -17.64

Quarter-End Performance
Average Annual Total Returns (%) As of 3/31/2023

Fund 1 MO* S.I.1
Sprott Lithium Miners ETF
(Net Asset Value)
-4.24 -16.28
Sprott Lithium Miners ETF
(Market Price)2
-3.85 -15.88
NASDAQ Sprott Lithium Miners™ Index
(Benchmark)5
-4.14 -15.66

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 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 26 -- -- --
Days Traded at Discount -- 14 -- -- --

Portfolio Characteristics

As of 4/28/2023

Number of Issuers 44
Market Cap (millions) $118,501
Weighted Avg. Company Market Cap (millions) $7,059
Market Cap Breakdown
Large (>$10B) 21.92%
Medium ($2 -$10B) 52.24%
Small (<$2B) 25.84%
Material Weightings†††
Lithium Equities 95.03%
Other Equities 4.97%

††† Reflects equities classified by Sprott Asset Management.

Company Domicile Breakdown

As of 4/28/2023

Daily Holdings

As of 5/26/2023

Security Market Value ISIN Symbol SEDOL Quantity Weight
Allkem Ltd. $381,443.29 AU0000193666 AKE AU BLSNC78 39,910 11.41%
Pilbara Minerals Ltd. $345,989.05 AU000000PLS0 PLS AU B2368L5 116,894 10.35%
Livent Corp. $292,559.90 US53814L1089 LTHM BD9PM00 12,241 8.75%
Albemarle Corp. $268,246.85 US0126531013 ALB 2046853 1,315 8.02%
Sociedad Quimica y Minera de Chile SA $243,218.01 US8336351056 SQM 2771122 3,669 7.27%
Liontown Resources Ltd. $241,408.02 AU000000LTR4 LTR AU B1J89V5 137,143 7.22%
Sigma Lithium Corp. $204,896.28 CA8265991023 SGML BNM4ZD8 5,182 6.13%
IGO Ltd. $160,145.97 AU000000IGO4 IGO AU 6439567 17,238 4.79%
Lithium Americas Corp. $150,899.76 CA53680Q2071 LAC BF4X269 7,128 4.51%
Ganfeng Lithium Group Co. Ltd. $139,315.80 CNE1000031W9 1772 HK BZ9NS11 21,400 4.17%
Core Lithium Ltd. $114,117.43 AU000000CXO2 CXO AU B4XFS83 171,608 3.41%
Patriot Battery Metals Inc. $104,585.43 CA70337R1073 PMET CN BMG0XS6 8,566 3.13%
Piedmont Lithium Inc. $87,808.71 US72016P1057 PLL BMGHM13 1,587 2.63%
Tianqi Lithium Corp. $66,969.62 CNE100005F09 9696 HK BMZ3RS4 9,600 2.00%
Standard Lithium Ltd. $54,129.60 CA8536061010 SLI BF0QWN9 14,320 1.62%
Lake Resources NL $45,290.10 AU000000LKE1 LKE AU 6397267 129,848 1.35%
Argosy Minerals Ltd. $38,454.16 AU000000AGY0 AGY AU 6122113 131,074 1.15%
American Lithium Corp. $38,014.80 CA0272592092 LI CN BF4XHL9 19,454 1.14%
Leo Lithium Ltd. $35,698.88 AU0000221251 LLL AU BPX2X20 75,527 1.07%
ioneer Ltd. $35,082.33 AU0000028946 INR AU BGYBHZ4 160,631 1.05%
Critical Elements Lithium Corp. $29,540.69 CA22675W1077 CRE CN B1SJ179 19,809 0.88%
Kodal Minerals PLC $28,283.89 GB00BH3X7Y70 KOD LN BH3X7Y7 3,443,744 0.85%
Frontier Lithium Inc. $24,491.42 CA35910P1099 FL CN BDGT4W1 18,218 0.73%
Vulcan Energy Resources Ltd. $21,787.86 AU0000066086 VUL AU BKYBH63 8,703 0.65%
Winsome Resources Ltd. $17,566.71 AU0000182628 WR1 AU BN963F5 15,053 0.53%
Latin Resources Ltd. $15,551.82 AU000000LRS6 LRS AU B44CSR2 132,524 0.47%
Lithium Ionic Corp. $15,462.79 CA53680V1076 LTH CN BMD8PV0 8,844 0.46%
European Lithium Ltd. $12,557.80 AU000000EUR7 EUR AU BDGJNV3 192,619 0.38%
Essential Metals Ltd. $11,970.39 AU0000096943 ESS AU BMXT4B6 39,915 0.36%
Cleantech Lithium PLC $11,778.12 JE00BPCP3Z37 CTL LN BPCP3Z3 21,923 0.35%
E3 Lithium Ltd. $11,461.90 CA26925V1085 ETL CN BMC1587 6,167 0.34%
Rock Tech Lithium Inc. $9,020.94 CA77273P2017 RCK CN BKWC1G6 5,293 0.27%
Atlantic Lithium Ltd. $8,570.32 AU0000237554 ALL LN BPWBM76 21,719 0.26%
Anson Resources Ltd. $8,451.62 AU000000ASN8 ASN AU BD8PFL3 72,020 0.25%
Lepidico Ltd. $8,099.67 AU000000LPD2 LPD AU BD8DJJ3 1,035,313 0.24%
Green Technology Metals Ltd. $7,749.08 AU0000177271 GT1 AU BMDPKG1 16,980 0.23%
Galan Lithium Ltd. $7,504.67 AU0000021461 GLN AU BG5PWD8 11,341 0.22%
Li-FT Power Ltd. $7,112.60 CA53000A1066 LIFT CN BP7MPW0 1,083 0.21%
Arizona Lithium Ltd. $6,599.89 AU0000179640 AZL AU BNVQG98 230,075 0.20%
Lithium Power International Ltd. $6,646.55 AU000000LPI1 LPI AU BYV9P53 31,859 0.20%
Global Lithium Resources Ltd. $6,338.71 AU0000142929 GL1 AU BNKDXV1 7,202 0.19%
Infinity Lithium Corp. Ltd. $6,128.89 AU0000007627 INF AU BDRVBV4 89,532 0.18%
Morella Corp. Ltd. $5,082.11 AU0000199929 1MC AU BNSMZ47 974,406 0.15%
Tearlach Resources Ltd. $995.04 CA8779052080 TEA CN B784S42 7,525 0.03%
Cash Equivalent $7,149.15 $7,149.15 0.20%

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


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distributions
- - - - - - -

 



Education

Video - Bloor Street Capital Nuclear and Uranium Conference

Video - Bloor Street Capital Nuclear and Uranium Conference

Webcast Replay - The Energy Transition Is Here. Is Your Portfolio Ready?

Podcast: 2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box?

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 prospectus dated January 31, 2023. For the services the Adviser (Sprott Asset Management LP) 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% on assets.

5 The Nasdaq Sprott Lithium Miners™ Index (NSLITP™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Adviser”). The Index Provider and Adviser 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 Adviser 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

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Lithium Miners ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/litp/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 Lithium 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 Lithium Miners ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Lithium Miners Index (NSLITP).

Nasdaq®, Nasdaq Sprott Lithium Miners™ Index, and NSLITP™ 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 LP is the investment advisor to the Sprott Lithium Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott Lithium Miners ETF and is a registered broker-dealer and FINRA Member.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 26 -- -- --
Days Traded at Discount -- 14 -- -- --

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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