COPP Fees and Costs — Sprott Copper Miners ETF
Data updated: 2026-08-20
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0323% of average net assets, and portfolio turnover was 29%.
COPP Fees and Expenses
Annual operating expenses and sales charges of COPP. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
COPP Costs Over Time
On $10,000 invested in COPP, assuming 5% a year before costs, total costs come to $436 over 5 years, cutting the return by 0.73% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $239 | $436 |
| Value after costs | $10,427 | $11,337 | $12,327 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
COPP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0323%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $61.9M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $56.0M
- Net income from securities lending: $30K (0.076% of average net assets)
COPP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $6K | 44.85% |
| MIZUHO SECURITIES USA LLC | $5K | 40.10% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $1K | 11.26% |
| MISCHLER FINANCIAL GROUP, INC. | $310 | 2.47% |
| COWEN PRIME SERVICES LLC | $165 | 1.31% |
COPP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN DISTRIBUTION SERVICES, INC. | $30.7M | 53.21% |
| GOLDMAN SACHS & CO. LLC | $24.6M | 42.61% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $2.4M | 4.17% |
| BTIG, LLC | $1 | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.