As of 3/01/2024
NAV
$10.77
NAV Daily Change
$0.46 (4.46%)
NAV Since Inception Cumulative Change1
-45.18%
Ticker/Exchange
LITP
Market Price2
$10.92
Premium/Discount3
1.39%
Total Net Assets
$6.35 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 consumers of lithium, and energy transition-related demand for this critical mineral may increase 16 times 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 lithium necessary for the clean energy transition

 

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 6/30/2023.

†††Source: “Critical Minerals Market Review”, International Energy Agency (IEA), July 2023. Data shown for Net Zero Emissions Scenario.

 

Featured Insight

Energy Transition
1/16/2024

SPROTT ENERGY TRANSITION MATERIALS MONTHLY

The Emerging Renewable Energy Economy

What forces are likely to drive energy transition materials and precious metals markets in 2024 and over the next decade? We discuss 10 critical macroeconomic and market-specific themes ranging from deglobalization and climate policy to the new commodity supercycle and a potential silver price breakout.

 

ETF Details As of 3/01/2024
ETF Ticker LITP
Index Ticker NSLITP
Listing Exchange Nasdaq®
CUSIP
ISIN
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $6,354,455.25
Shares Outstanding 590,000
Number of Holdings 45
Median 30 Day Bid Ask Spread
(As of 2/29/2024)
0.76 %
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 2/29/2024

Fund 1 MO* 3 MO* S.I.*1
Sprott Lithium Miners ETF
(Net Asset Value)
10.62 -7.22 -45.14
Sprott Lithium Miners ETF
(Market Price)2
11.98 -5.86 -44.35
NASDAQ Sprott Lithium Miners™ Index
(Benchmark)5
10.44 -8.20 -45.35

Quarter-End Performance
Average Annual Total Returns (%) As of 12/31/2023

Fund 1 MO* 3 MO* S.I.*1
Sprott Lithium Miners ETF
(Net Asset Value)
13.57 -11.15 -35.77
Sprott Lithium Miners ETF
(Market Price)2
14.01 -10.42 -35.46
NASDAQ Sprott Lithium Miners™ Index
(Benchmark)5
12.56 -12.05 -35.91

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 172 -- -- -- --
Days Traded at Discount 49 -- -- -- --

Portfolio Characteristics

As of 1/31/2024

Number of Issuers 45
Market Cap (millions) $79,547.06
Weighted Avg. Company Market Cap (millions) $5,905.47
Market Cap Breakdown
Large (>$10B) 23.49%
Medium ($2 -$10B) 45.83%
Small (<$2B) 30.67%
Material Weightings†††
Lithium Equities 88.75%
Other Equities 11.25%

††† Reflects equities classified by Sprott Asset Management.

Company Domicile Breakdown

As of 1/31/2024

Daily Holdings

As of 3/01/2024

Security Market Value Symbol SEDOL Quantity Weight
Pilbara Minerals Ltd. $755,685.07 PLS AU B2368L5 264,212 11.89%
Albemarle Corp. $751,699.20 ALB 2046853 5,264 11.83%
Mineral Resources Ltd. $696,448.42 MIN AU B17ZL56 15,719 10.96%
Sociedad Quimica y Minera de Chile SA $652,955.28 SQM 2771122 12,696 10.28%
IGO Ltd. $607,588.47 IGO AU 6439567 112,103 9.56%
Ganfeng Lithium Group Co. Ltd. $327,939.71 1772 HK BZ9NS11 95,800 5.16%
Arcadium Lithium PLC $300,339.83 ALTM BM9HZ11 54,311 4.73%
Liontown Resources Ltd. $284,248.32 LTR AU B1J89V5 338,751 4.47%
Lithium Americas Argentina Corp. $202,204.78 LAAC BQ2LQQ0 40,522 3.18%
Patriot Battery Metals Inc. $188,077.92 PMET CN BMG0XS6 28,945 2.96%
Tianqi Lithium Corp. $179,045.86 9696 HK BMZ3RS4 35,000 2.82%
Sigma Lithium Corp. $165,050.73 SGML BNM4ZD8 10,361 2.60%
Azure Minerals Ltd. $110,131.28 AZS AU 6716947 47,242 1.73%
Latin Resources Ltd. $109,401.08 LRS AU B44CSR2 761,526 1.72%
Core Lithium Ltd. $104,530.13 CXO AU B4XFS83 666,985 1.64%
Sayona Mining Ltd. $83,084.43 SYA AU BBX4LR9 2,827,437 1.31%
Piedmont Lithium Inc. $81,470.40 PLL BMGHM13 5,280 1.28%
Standard Lithium Ltd. $71,471.52 SLI BF0QWN9 49,633 1.12%
Vulcan Energy Resources Ltd. $71,278.78 VUL AU BKYBH63 42,473 1.12%
American Lithium Corp. $51,665.97 LI CN BF4XHL9 63,683 0.81%
ioneer Ltd. $49,925.06 INR AU BGYBHZ4 527,274 0.79%
Argosy Minerals Ltd. $45,797.97 AGY AU 6122113 438,341 0.72%
Li-FT Power Ltd. $41,229.50 LIFT CN BP7MPW0 12,313 0.65%
Leo Lithium Ltd. $38,728.35 LLL AU BPX2X20 117,442 0.61%
Critical Elements Lithium Corp. $37,085.42 CRE CN B1SJ179 67,949 0.58%
Atlas Lithium Corp. $33,417.36 ATLX BMD4B09 1,944 0.53%
Global Lithium Resources Ltd. $24,118.56 GL1 AU BNKDXV1 55,962 0.38%
Frontier Lithium Inc. $23,456.49 FL CN BDGT4W1 34,569 0.37%
Surge Battery Metals Inc. $22,776.50 NILI CN BNGDW52 57,188 0.36%
Lake Resources NL $20,068.27 LKE AU 6397267 227,647 0.32%
Rock Tech Lithium Inc. $19,149.22 RCK CN BKWC1G6 22,191 0.30%
Winsome Resources Ltd. $17,511.59 WR1 AU BN963F5 29,149 0.28%
Savannah Resources PLC $17,387.59 SAV LN B647W79 704,545 0.27%
E3 Lithium Ltd. $16,526.33 ETL CN BMC1587 12,518 0.26%
Kodal Minerals PLC $15,593.15 KOD LN BH3X7Y7 3,571,237 0.25%
Arbor Metals Corp. $14,408.12 ABR CN BKSLB45 26,047 0.23%
Atlantic Lithium Ltd. $14,259.40 ALL LN BPWBM76 53,652 0.22%
Arizona Lithium Ltd. $14,009.98 AZL AU BNVQG98 739,819 0.22%
Cleantech Lithium PLC $13,986.18 CTL LN BPCP3Z3 71,297 0.22%
Delta Lithium Ltd. $14,038.89 DLI AU BN6L1H1 62,316 0.22%
Galan Lithium Ltd. $13,938.50 GLN AU BG5PWD8 48,512 0.22%
Anson Resources Ltd. $13,061.53 ASN AU BD8PFL3 204,105 0.21%
Lithium Ionic Corp. $12,886.38 LTH CN BMD8PV0 17,472 0.20%
Green Technology Metals Ltd. $10,958.63 GT1 AU BMDPKG1 88,326 0.17%
Brunswick Exploration Inc. $8,899.80 BRW CN BMQBP05 24,880 0.14%
Cash Equivalent $6,919.30 $6,919.30 0.11%

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 12/21/2023 - - $0.35 $0.35

 



Education

Video - Sprott Energy Transition ETFs

Sprott Energy Transition ETFs

 

Profile - 5 Reasons to Invest in Lithium Miners

5 Reasons to Invest in Lithium Miners

 

Podcast - Battery Materials Deep Dive

Video - The Energy Transition to Uranium and Battery Metals

Video - The Energy Transition to Uranium and Battery Metals

Video - Rethinking Energy Exposure with Mineral and Mining ETFs

Video - Rethinking Energy Exposure with Mineral and Mining ETFs

Webcast Replay: The Great Power Shift: Uranium, Battery Metals and the Energy Transition

Nuclear Plants

Podcast - Where Will the Gigafactory Feedstock Come From?

Where Will the Gigafactory Feedstock Come From?

Video - BENZINGA: Steve Schoffstall Discusses Uranium and Energy Transition ETFs

Video - BENZINGA: Steve Schoffstall Discusses Uranium and then Energy Transition ETFs

White Paper - A New Era: How Critical Minerals are Driving the Global Energy Transition

A New Era: How Critical Minerals are Driving the Global Energy Transition

Video - Lithium: Driving the EV Revolution Forward

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 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.

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 USA, Inc. is the investment advisor to the Sprott Lithium Miners ETF. Sprott Asset Management LP is the Sponsor of the Fund. ALPS Distributors, Inc. is the Distributor for the Sprott Lithium 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 172 -- -- -- --
Days Traded at Discount 49 -- -- -- --

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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