Key stats
About ISHARES TRUST COPPER & METALS MNG ETF USD
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Inception date
Jun 23, 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
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ICOP holds a concentrated basket of stocks involved in copper ore mining. The fund selects its stocks based on a 3-tier selection process. Tier 1 aims to select 50 stocks of companies with more than 50% of their revenue derived from copper ore mining. In the occasion that less than 50 are eligible, Tier 2 organizations are considered. Tier 2 companies are those with more than 25% but less than 50% of their revenues tied with the copper ore mining industry. These companies are ranked by revenue exposure to the industry until the goal of 50 stocks are met. Tier 3 comes in if there are still fewer than 50 composing the index and they are companies on top of the copper mining industry in terms of market share. The index is market-cap weighted. Each Tier group is capped, with Tier 3 constituents capped at a 50% maximum aggregate weight. Individual securities are also capped at 8%, with those having more than 4.5% weight limited to an accumulated 45%. The Index is rebalanced quarterly.
Related funds
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ICOP trades at 570.000 MXN today, its price has risen 4.76% in the past 24 hours. Track more dynamics on ICOP price chart.
ICOP net asset value is 565.20 today — it's risen 5.50% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ICOP assets under management is 1.08 B MXN. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ICOP price has risen by 4.35% over the last month, and its yearly performance shows a 5.15% increase. See more dynamics on ICOP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.50% over the last month, showed a 5.84% increase in three-month performance and has increased by 6.41% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.50% over the last month, showed a 5.84% increase in three-month performance and has increased by 6.41% in a year.
ICOP fund flows account for 411.35 M MXN (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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ICOP invests in stocks. See more details in our Analysis section.
ICOP expense ratio is 0.47%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ICOP isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ICOP technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ICOP shows the strong buy signal. See more of ICOP technicals for a more comprehensive analysis.
Today, ICOP technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ICOP shows the strong buy signal. See more of ICOP technicals for a more comprehensive analysis.
Yes, ICOP pays dividends to its holders with the dividend yield of 3.67%.
ICOP trades at a premium (0.85%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ICOP shares are issued by BlackRock, Inc.
ICOP follows the STOXX Global Copper and Metals Mining Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 23, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.