As of 3/31/2023
NAV
$19.28
NAV Daily Change
$0.25 (1.31%)
NAV Since Inception Change1
-5.16%
Ticker/Exchange
COPJ
Market Price2
$19.36
Premium/Discount3
0.41%
Total Net Assets
$1.93 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, demand for this critical mineral may increase 58% 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

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 2/28/2023.

†††Source: BloombergNEF Global Copper Outlook, 2022. 

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.

 

Educational Video - Critical Minerals for the Clean Energy Transition

Featured Insight

Has the Next Commodities Supercycle Begun?
3/21/2023
Sprott Energy Transition Materials

Has the Next Commodities Supercycle Begun?

February saw energy transition materials/critical minerals markets correct, but the secular story remains strong. As the global energy transition "arms race" heats up, the drive to secure supply is fast becoming more important than price. All signs indicate the 40-year bond bull market has likely ended and the next great secular bull market in commodities has begun.

ETF Details As of 3/31/2023
ETF Ticker COPJ
Index Ticker NSCOPJ™
Listing Exchange Nasdaq®
CUSIP 85208P501
ISIN US85208P5017
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $1,927,599.63
Shares Outstanding 100,000
Number of Holdings 39
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 0.75%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.75%
As of the most recent prospectus.4

 

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

Data updated as of 2/01/2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 0 -- -- --
Days Traded at Discount -- 0 -- -- --

Index Portfolio Characteristics

As of 2/28/2023

Number of Issuers 40
Market Cap (millions) $28,445
Weighted Avg. Company Market Cap (millions) $1,145
Market Cap Breakdown
Large (>$10B) 0.00%
Medium ($2 -$10B) 13.53%
Small (<$2B) 86.47%
Material Weightings†††
Copper Equities 96.82%
Other 3.18%

††† Reflects equities classified by Sprott Asset Management.

Index Company Domicile Breakdown

As of 2/28/2023

Daily Holdings

As of 3/31/2023

Security Market Value ISIN Symbol SEDOL Quantity Weight
ERO Copper Corp. $156,746.28 CA2960061091 ERO CN BF02Z72 8,860 8.13%
China Gold International Resources Corp. Ltd. $106,026.83 CA16890P1036 2099 HK B60FNV8 29,000 5.50%
Capstone Copper Corp. $104,397.34 CA14071L1085 CS CN BMY5XY9 23,130 5.42%
Sandfire Resources Ltd. $101,339.24 AU000000SFR8 SFR AU 6739739 23,950 5.26%
Filo Mining Corp. $99,563.15 CA31730E1016 FIL CN BD3VM71 5,790 5.17%
Foran Mining Corp. $96,273.03 CA3449112018 FOM CN 2355731 32,940 4.99%
Taseko Mines Ltd. $93,922.80 CA8765111064 TGB 2592066 56,580 4.87%
MMG Ltd. $93,759.16 HK1208013172 1208 HK 6728793 320,000 4.86%
Ivanhoe Electric Inc. / US $92,583.00 US46578C1080 IE BPF0KH6 7,620 4.80%
Central Asia Metals PLC $79,704.68 GB00B67KBV28 CAML LN B67KBV2 27,320 4.13%
SolGold PLC $79,643.15 GB00B0WD0R35 SOLG LN B0WD0R3 336,260 4.13%
Hudbay Minerals Inc. $74,497.50 CA4436281022 HBM B05BQ98 14,190 3.86%
Copper Mountain Mining Corp. $67,344.73 CA21750U1012 CMMC CN B1Z9T89 41,560 3.49%
Solaris Resources Inc. $61,840.92 CA83419D2014 SLS CN BMQ5701 12,760 3.21%
Aeris Resources Ltd. $61,137.50 AU000000AIS8 AIS AU BZ8W0K2 136,510 3.17%
iShares MSCI India ETF $60,220.80 US46429B5984 INDA B6XGR72 1,530 3.12%
Western Copper & Gold Corp. $47,689.80 CA95805V1085 WRN B6Q64B2 26,060 2.47%
Atalaya Mining PLC $46,482.41 CY0106002112 ATYM LN BYZTVM8 11,050 2.41%
Jinchuan Group International Resources Co. Ltd. $44,140.69 KYG5138B1023 2362 HK 6373988 550,000 2.29%
NGEx Minerals Ltd. $42,495.60 CA65343P1036 NGEX CN BKDKBL4 13,940 2.20%
Copperstone Resources AB $36,746.16 SE0001915190 COPPB SS B1RNQ11 272,810 1.91%
Entree Resources Ltd. $31,355.16 CA29384J1030 ETG CN BDT74S8 32,850 1.63%
Northern Dynasty Minerals Ltd. $24,992.81 CA66510M2040 NAK B014QY6 104,660 1.30%
Amerigo Resources Ltd. $24,133.41 CA03074G1090 ARG CN 2855822 20,010 1.25%
29Metals Ltd. $21,846.46 AU0000157067 29M AU BNNVRL0 27,580 1.13%
Los Andes Copper Ltd. $21,621.53 CA5443122000 LA CN BN4GHY7 2,530 1.12%
Rex Minerals Ltd. $20,165.24 AU000000RXM4 RXM AU B27WX25 107,740 1.05%
Arizona Sonoran Copper Co. Inc. $16,795.78 CA04058Q1054 ASCU CN BMC50Y0 12,270 0.87%
Hot Chili Ltd. $15,626.17 AU0000HCHAX9 HCH AU BNRNW06 21,950 0.81%
AIC Mines Ltd. $14,720.59 AU0000049033 A1M AU BK9PVF7 50,050 0.76%
Austral Resources Australia Ltd. $13,907.89 AU0000175838 AR1 AU BK80SR4 77,060 0.72%
Trilogy Metals Inc. $12,781.34 CA89621C1059 TMQ BD89HT7 23,980 0.66%
PolyMet Mining Corp. $12,491.50 CA7319164090 PLM BLBP6S0 5,810 0.65%
Arc Minerals Ltd. $10,572.15 VGG045791016 ARCM LN BFWJ980 211,610 0.55%
New World Resources Ltd. $10,657.75 AU0000006934 NWC AU BZ17GS4 318,880 0.55%
Cyprium Metals Ltd. $10,332.35 AU0000050536 CYM AU BJDX9R8 140,520 0.54%
Wanguo International Mining Group Ltd. $9,936.43 KYG9430L1077 3939 HK B7SHKP6 40,000 0.52%
Encounter Resources Ltd. $5,202.67 AU000000ENR2 ENR AU B0YV7G3 64,860 0.27%
Sociedad Punta del Cobre SA $4,145.81 CL0002483510 PUCOBREC BGPFS63 700 0.22%
Cash Equivalent $-240.18 $-240.18 0.01%

39 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 0.75% on assets.

5 The Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™) 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 & 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. There are risks involved with investing in ETFs, including the loss of money. 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 LP is the investment advisor to the Sprott Junior Copper Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott Junior Copper 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

Data updated as of 2/01/2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 0 -- -- --
Days Traded at Discount -- 0 -- -- --

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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