Key stats
About Sprott Lithium Miners ETF
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Inception date
Feb 1, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Sprott Asset Management USA, Inc.
Distributor
ALPS Distributors, Inc.
LITP provides pure-play exposure to the global lithium industry in support of achieving a less carbon-intensive economy. The fund gives access to a portfolio of 40-50 US and foreign companies involved with or derive half of their revenue from the mining, exploration, development, or production of lithium. The investable universe is identified through a proprietary selection methodology which includes industry publication reviews and fundamental research. All eligible securities are then included as constituents provided that the minimum market-cap and liquidity requirements are met. An intensity score is also assigned to each company depending on their revenue percentage attributable to lithium. While the index is market cap-weighted, several capping rules are implemented based on the securities initial weights to ensure a diversified portfolio. Index reconstitution and rebalancing is done on a semi-annual basis in June and December.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Process Industries
Non-Energy Minerals
Stocks99.88%
Process Industries50.69%
Non-Energy Minerals49.01%
Bonds, Cash & Other0.12%
Cash0.30%
Miscellaneous−0.18%
Stock breakdown by region
Oceania36.26%
North America26.97%
Asia15.47%
Latin America14.47%
Europe6.82%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LITP invests in stocks. The fund's major sectors are Process Industries, with 50.78% stocks, and Non-Energy Minerals, with 49.10% of the basket. The assets are mostly located in the Pacific region.
LITP top holdings are Ganfeng Lithium Group Co., Ltd. Class H and Pilbara Minerals Limited, occupying 10.68% and 9.82% of the portfolio correspondingly.
LITP last dividends amounted to 0.44 USD. The year before, the issuer paid 0.35 USD in dividends, which shows a 19.53% increase.
LITP assets under management is 14.68 M USD. It's risen 17.83% over the last month.
LITP fund flows account for 10.67 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LITP pays dividends to its holders with the dividend yield of 7.19%. The last dividend (Dec 19, 2024) amounted to 0.44 USD. The dividends are paid annually.
LITP shares are issued by Sprott, Inc. under the brand Sprott. The ETF was launched on Feb 1, 2023, and its management style is Passive.
LITP expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
LITP follows the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LITP invests in stocks.
LITP price has risen by 8.56% over the last month, and its yearly performance shows a −20.90% decrease. See more dynamics on LITP price chart.
NAV returns, another gauge of an ETF dynamics, showed a 24.96% increase in three-month performance and has decreased by −20.28% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 24.96% increase in three-month performance and has decreased by −20.28% in a year.
LITP trades at a premium (0.76%) meaning the ETF is trading at a higher price than the calculated NAV.