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.
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
Non-Energy Minerals
Stocks99.88%
Non-Energy Minerals96.93%
Distribution Services2.95%
Bonds, Cash & Other0.12%
Cash0.12%
Miscellaneous−0.00%
Stock breakdown by region
North America51.44%
Europe20.35%
Oceania17.65%
Asia7.35%
Latin America2.79%
Middle East0.43%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ICOP invests in stocks. The fund's major sectors are Non-Energy Minerals, with 96.93% stocks, and Distribution Services, with 2.95% of the basket. The assets are mostly located in the North America region.
ICOP top holdings are Freeport-McMoRan, Inc. and Grupo Mexico S.A.B. de C.V. Class B, occupying 8.34% and 8.23% of the portfolio correspondingly.
ICOP last dividends amounted to 5.65 MXN. Six months before that, the issuer paid 8.52 MXN in dividends, which shows a 50.64% decrease.
ICOP assets under management is 1.08 B MXN. It's risen 3.43% over the last month.
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.
Yes, ICOP pays dividends to its holders with the dividend yield of 3.72%. The last dividend (Jun 20, 2025) amounted to 5.65 MXN. The dividends are paid semi-annually.
ICOP shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jun 23, 2023, and its management style is Passive.
ICOP expense ratio is 0.47% meaning you'd have to pay 0.47% of your investment to help manage the fund.
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.
ICOP invests in stocks.
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 trades at a premium (0.85%) meaning the ETF is trading at a higher price than the calculated NAV.