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iShares Copper & Metals Mining ETF (ICOP US)

ICOP US$46.81

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Today ▲ 1.32%
1 year return ▲ 24.00%
Volume 20,772
Div yield —
PE ratio —
52 week range
36.12 60.89

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Share price activity

Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
46.81
Change
▲ 0.61 (1.32)
Bid / Ask
41.16 - 48.40
Volume
20,772
Turnover
723,658
Open
46.32
Day Range
46.32 - 47.03
VWAP
46.56
Prev Close
46.20
Last Trade
09/11 3:50pm

Fund profile

Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.

Fund size

$396.6M

NOV 2026

Distributions

Annually

Since inception

3.4 yrs

JUN 2023

Legal name
iShares Copper and Metals Mining ETF
Issuer
iShares
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Index fund
Morningstar category
Equity Non-Precious Metals
Category index
MSCI ACWI Select Mt&MP Ex G&S IMI NR USD
Benchmark
STOXX Emerging Markets All Cap NR USD
ETF net assets
$396.6M
Units on issue
8.4M
Management fee
0.47% p.a.
Domicile
United States
Base currency
USD
Inception
21 JUN 2023
Listed
23 JUN 2023

Objective and strategy

The investment seeks to track the investment results of the STOXX Global Copper and Metals Mining Index composed of U.S. and non-U.S. equities of companies primarily engaged in copper and metal ore mining. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.

Asset allocation

Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.

US equity 19.10%Non-US equity 80.70%

Asset class Net % Long % Short %
Equity 99.79 99.79 0.00
Bond 0.00 0.00 0.00
Cash 0.21 0.33 0.12
Other 0.00 0.00 0.00

Sector exposure

Displays the share of the fund held in each sector, sourced from Morningstar.

Cyclical 99.57%Sensitive 0.43%Defensive 0.00%

Basic Materials
99.57%
Industrials
0.43%
Consumer Cyclical
0.00%
Financial Services
0.00%
Real Estate
0.00%
Communication Services
0.00%
Energy
0.00%
Technology
0.00%
Consumer Defensive
0.00%
Healthcare
0.00%
Utilities
0.00%

Region exposure

Displays the share of the fund held in each region, sourced from Morningstar.

Developed markets 80.21%Emerging markets 19.79%

North America
46.18%
United Kingdom
16.52%
Australasia
12.82%
Latin America
11.39%
Asia Emerging
5.10%
Europe Developed
3.92%
Europe Emerging
3.06%
Africa / Middle East
0.67%
Japan
0.35%
Asia Developed
0.00%

Country exposure

Displays the twelve countries the fund holds most of, sourced from Morningstar.
Canada
27.04%
United States
19.14%
United Kingdom
16.52%
Australia
12.82%
Mexico
9.09%
China
4.81%
Switzerland
3.30%
Poland
3.06%
Brazil
2.27%
Other Countries
0.67%
Spain
0.49%
Japan
0.35%

Style box

Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
Style
Large Blend
Average moat
None

Size score

243

Small Mid Large

Value-growth score

175

Value Blend Growth

Economic moat

None 100%Wide 0%Narrow 0%

Market capitalisation

Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
Giant
26.29%
Large
38.84%
Mid
28.27%
Small
5.76%
Micro
0.84%

Giant 26%Large 39%Mid 28%Small 6%Micro 1%

Average market cap
$38.78B
Number of holdings
86
Shares held
63

Portfolio statistics · 5 NOV 2026

Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Price / earnings
14.90
Price / book
2.54
Price / sales
2.17
Price / cash flow
8.77
Dividend yield
1.79%
Assets in top 10
62.82%
Return on equity
21.83%
Net margin
25.18%
Earnings growth (3 yr)
6.30%

Top holdings · top 10 = 63.17% of assets

Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Holding % Weight First bought Market value Currency Units held Sector Country
Grupo Mexico SAB de CV Class B GMEXICOB 8.81 FEB 2026 36.1M MXN 3.0M Basic Materials Mexico
Anglo American PLC AAL 8.77 FEB 2026 35.9M GBP 724,159 Basic Materials United Kingdom
BHP Group Ltd BHP 8.47 FEB 2026 34.7M AUD 856,558 Basic Materials Australia
Freeport-McMoRan Inc FCX 8.34 FEB 2026 34.2M USD 546,990 Basic Materials United States
Teck Resources Ltd Class B (Sub Voting) TECK.B 6.05 FEB 2026 24.8M CAD 409,600 Basic Materials Canada
Newmont Corp NEM 5.12 FEB 2026 21.0M USD 196,827 Basic Materials United States
Southern Copper Corp SCCO 4.89 FEB 2026 20.0M USD 112,858 Basic Materials United States
Antofagasta PLC ANTO 4.39 FEB 2026 18.0M GBP 429,489 Basic Materials United Kingdom
Lundin Mining Corp LUN 4.30 FEB 2026 17.6M CAD 851,631 Basic Materials Canada
First Quantum Minerals Ltd FM 4.02 FEB 2026 16.5M CAD 704,958 Basic Materials Canada

Trailing returns · 31 OCT 2026

Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.

Fund (NAV) Market price

1M

-11.6

3M

-6.2

6M

-5.5

YTD

6.7

1Y

24.7

3Y

32.4

Period Fund (NAV) % Market price % Before fees % Rank in category
1 month -11.59 -12.04 -11.56 67
3 months -6.24 -6.29 -6.13 19
6 months -5.46 -5.53 -5.24 6
Year to date 6.65 6.15 7.07 19
1 year 24.66 23.60 25.24 7
3 years p.a. 32.42 31.96 33.04 5

Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.

Calendar year returns

Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.

Total Capital

2024

1.3

2025

77.9

Year Total % Capital % Rank in category
2025 77.86 74.23 —
2024 1.29 -0.57 12

Risk statistics · 31 OCT 2026

Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year 3 years 5 years 10 years
Standard deviation 40.08 30.36 — —
Sharpe ratio 0.64 0.93 — —
Sortino ratio 1.03 1.65 — —
Maximum drawdown % -16.90 -19.63 — —

Measured against Morningstar Global TME GR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.

Portfolio risk score

Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.

Risk score

118.0

Cash 0
Global shares 100

Morningstar Portfolio Risk Score at 30 SEP 2026.

Market impact cost %
0.028
Best quarter
45.07% · FEB 2026
Worst quarter
-19.63% · OCT 2023

Fees and costs

Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
0.47% p.a.
PDS dated
31 JUL 2026

Distributions

Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
0.2713
Ex Date
15 JUN 2026
Record Date
15 JUN 2026
Pay Date
18 JUN 2026
NAV at ex date
55.65
Paid this year
0.2713

Distributions by year

Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.

2024

0.9

2023

0.5

2022

0.6

Year Per unit ($)
2024 0.9212
2023 0.4761
2022 0.5510

Distribution history

Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date Per unit ($)
15 JUN 2026 0.2713
30 DEC 2025 0.0295
16 DEC 2025 0.5930
16 JUN 2025 0.2988
17 DEC 2024 0.4218
11 JUN 2024 0.0544
20 DEC 2023 0.5510

Sustainability rating · 31 AUG 2026

Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.

Average

ESG risk score

26.03

Negligible Low Medium High Severe
Rank in category
38th percentile
Environmental risk
12.69
Social risk
8.12
Governance risk
3.54
Portfolio covered
98.6%

ESG risk of holdings

Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
Negligible
0.00%
Low
13.47%
Medium
71.74%
High
11.38%
Severe
3.42%

31.47% of assets are in companies with high or severe controversies.

Carbon · 31 AUG 2026

Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.

Carbon risk score

14.30

Low Medium High Severe
Carbon risk
Medium Risk
Rank in category
49th percentile
Fossil fuel involvement
27.23%
Low Carbon Designation
No
Portfolio covered
99.1%

Fund managers

Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
  • Jennifer Hsui
  • Peter Sietsema
  • Matt Waldron
  • Steven White

Tenure

Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
4
Average tenure
2.0 years
Longest tenure
3.4 years
Longest serving
Jennifer Hsui · since 21 JUN 2023
Most recent appointment
Peter Sietsema, Matt Waldron, Steven White · since 1 APR 2025
Managed since
21 JUN 2023
Other funds managed
388
Displays all company announcements released by the company to the exchange, sourced from Morningstar.

Announcements

Announcements are available for ASX-listed companies only.

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