Video

As of 5/24/2024
NAV
$26.60
NAV Daily Change
$0.32 (1.22%)
NAV Since Inception Cumulative Change1
35.09%
Ticker/Exchange
COPP
Market Price2
$26.62
Premium/Discount3
0.08%
Total Net Assets
$27.9 Million
Net Total Expense Ratio4
0.65%

Overview

Key Points

  1. 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 for the clean energy transition
  2. Essential to Energy Transmission – Crucial to the global energy transition, copper is used in almost every aspect of power grids, clean energy technology such as solar panels and wind turbines and in electric vehicles (EVs)
  3. Growing Demand –The ETF will invest in copper miners poised to help capitalize on rising copper demand despite constrained supplies, diminishing ore grades, extended lead times for new mines, and dwindling inventories
  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 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.

^ Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 3/5/2024.
^^ 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.

Featured Insight

AI's Critical Impact on Electricity and Energy Demand
5/16/2024

SPROTT ENERGY TRANSITION MATERIALS MONTHLY

AI's Critical Impact on Electricity and Energy Demand

The rise of AI and data centers is likely to significantly increase global electricity demand, creating challenges for power grids but also opportunities for stable, clean energy sources like nuclear power. AI data centers are also likely to support increased demand for copper-intensive electrical equipment.

 

ETF Details As of 5/24/2024
ETF Ticker COPP
Index Ticker NSCOPP™
Listing Exchange Nasdaq®
CUSIP 85208P881
ISIN US85208P8813
Fund Inception1 March 5, 2024
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $27,928,254.08
Shares Outstanding 1,050,000
Number of Holdings 40
Median 30 Day Bid Ask Spread
(As of 5/23/2024)
0.27 %
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 0.65%
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 4/30/2024

Fund 1 MO* S.I.*1
Sprott Copper Miners ETF
(Net Asset Value)
9.08 28.19
Sprott Copper Miners ETF
(Market Price)2
8.25 27.98
NASDAQ Sprott Copper Miners™ Index
(Benchmark)5
9.62 28.61

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

Fund 1 MO* S.I.*1
Sprott Copper Miners ETF
(Net Asset Value)
-- 17.52
Sprott Copper Miners ETF
(Market Price)2
-- 18.23
NASDAQ Sprott Copper Miners™ Index
(Benchmark)5
-- 17.32

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: 3/5/2024.

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 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.

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: 3/5/2024

 

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: 3/5/2024

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium -- 16 -- -- --
Days Traded at Discount -- 1 -- -- --

Portfolio Characteristics

As of 4/30/2024

Number of Issuers 40
Market Cap (millions) $335,471.67
Weighted Avg. Company Market Cap (millions) $32,754.75
Market Cap Breakdown
Large (>$10B) 57.77%
Medium ($2 -$10B) 34.26%
Small (<$2B) 7.97%
Material Weightings†††
Copper Equities 99.82%
Other 0.18%

†† Reflects equities classified by Sprott Asset Management.

Company Domicile Breakdown

As of 4/30/2024

Daily Holdings

As of 5/24/2024

Security Market Value Symbol SEDOL Quantity Weight
Freeport-McMoRan Inc. $6,063,741.22 FCX 2352118 117,674 21.71%
Antofagasta PLC $2,876,910.45 ANTO LN 0045614 100,542 10.30%
Southern Copper Corp. $2,646,795.24 SCCO 2823777 22,524 9.48%
Cia de Minas Buenaventura SAA $1,578,921.72 BVN 2210476 88,356 5.65%
Lundin Mining Corp. $1,545,944.15 LUN CN 2866857 127,732 5.54%
First Quantum Minerals Ltd. $1,391,723.91 FM CN 2347608 105,079 4.98%
Ivanhoe Mines Ltd. $1,367,643.41 IVN CN BD73C40 96,391 4.90%
Amman Mineral Internasional PT $1,224,044.08 AMMN IJ BRK2Z98 1,855,500 4.38%
KGHM Polska Miedz SA $1,201,809.13 KGH PW 5263251 29,800 4.30%
Hudbay Minerals Inc. $1,194,630.39 HBM B05BQ98 124,053 4.28%
Capstone Copper Corp. $1,147,328.08 CS CN BMY5XY9 153,119 4.11%
Sandfire Resources Ltd. $757,067.17 SFR AU 6739739 121,866 2.71%
Filo Corp. $671,251.95 FIL CN BMDHMH2 36,708 2.40%
China Gold International Resources Corp. Ltd. $575,184.14 2099 HK B60FNV8 84,000 2.06%
ERO Copper Corp. $564,466.62 ERO CN BF02Z72 24,772 2.02%
MMG Ltd. $484,106.92 1208 HK 6728793 960,000 1.73%
Sociedad Minera Cerro Verde SAA $310,046.50 CVERDEC1 2677929 7,471 1.11%
Taseko Mines Ltd. $292,592.40 TGB 2592066 102,664 1.05%
Ivanhoe Electric Inc. / US $253,287.30 IE BPF0KH6 21,630 0.91%
NGEx Minerals Ltd. $244,546.00 NGEX CN BKDKBL4 35,858 0.88%
Foran Mining Corp. $218,269.21 FOM CN 2355731 69,369 0.78%
Central Asia Metals PLC $173,028.87 CAML LN B67KBV2 61,455 0.62%
Atalaya Mining PLC $170,461.63 ATYM LN BYZTVM8 31,335 0.61%
Metals Acquisition Ltd. $108,281.25 MTAL BQBC846 7,875 0.39%
Jinchuan Group International Resources Co. Ltd. $106,435.94 2362 HK 6373988 945,000 0.38%
Solaris Resources Inc. $100,575.85 SLS CN BMQ5701 31,597 0.36%
iShares MSCI India ETF $79,699.18 INDA B6XGR72 1,474 0.29%
SolGold PLC $72,099.66 SOLG LN B0WD0R3 597,605 0.26%
Northern Dynasty Minerals Ltd. $62,185.86 NAK B014QY6 188,442 0.22%
Gruvaktiebolaget Viscaria $61,361.48 VISC SS BNDXB92 28,823 0.22%
Amerigo Resources Ltd. $58,965.97 ARG CN 2855822 42,190 0.21%
AIC Mines Ltd. $38,331.44 A1M AU BK9PVF7 108,066 0.14%
Philex Mining Corp. $36,569.49 PX PM B1FHVG5 707,000 0.13%
Rex Minerals Ltd. $35,920.27 RXM AU B27WX25 208,379 0.13%
Carnaby Resources Ltd. $30,322.00 CNB AU BKB0C46 57,892 0.11%
Encounter Resources Ltd. $29,190.44 ENR AU B0YV7G3 115,863 0.10%
Hot Chili Ltd. $28,715.45 HCH AU BNRNW06 38,671 0.10%
Hillgrove Resources Ltd. $25,502.47 HGO AU 6426150 469,090 0.09%
29Metals Ltd. $23,380.06 29M AU BNNVRL0 69,830 0.08%
New World Resources Ltd. $18,768.10 NWC AU BZ17GS4 707,698 0.07%
Cash Equivalent $58,148.68 $58,148.68 0.21%

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 Dividend Income Total Distributions
- - - - - - -

 


Literature

Fact Sheet

Investor Presentation

Regulatory Documents


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

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

Educational Video - Critical Minerals for the Clean Energy Transition

 

Important Disclosures & Definitions

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

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. Therefore, you should consider carefully the risks listed in the prospectus before investing in the Fund.

Nasdaq®, Nasdaq Copper Miners™ Index, and NSCOPP™ 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 Copper Miners ETF. Sprott Asset Management LP is the Sponsor of the Fund. ALPS Distributors, Inc. is the Distributor for the Sprott 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 -- 16 -- -- --
Days Traded at Discount -- 1 -- -- --

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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