Overview
Copper itself — COMEX futures across the curve in the only US fund tracking the metal directly, no miners' costs or hedges in between.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| CASH | Dreyfus Gov Money Market | 20.2% |
| FUT | Copper futures May 27 | 16.1% |
| FUT | Copper futures Mar 27 | 16.1% |
| FUT | Copper futures Dec 26 | 16.1% |
| CASH | Cash | 5.0% |
| SWAP | TRS Macquarie | 3.7% |
| UST | Treasury Bills | 2.6% |
| UST | Treasury Bills (2nd) | 2.3% |
| UST | Treasury Bills (3rd) | 2.3% |
| UST | Treasury Bills (4th) | 2.3% |
Fund Details
Investment Thesis
The metal, not the miners: CPER is the clean expression of the copper deficit — every data centre, grid mile and EV pulls on a supply that takes a decade to expand, and the futures curve pays that scarcity straight through (+25%). Against COPX's operational leverage, CPER offers precision: no strikes, no jurisdictions, no cost inflation — just the price of electrification's bottleneck metal.
Who It's For
Electrification bulls who want the copper price itself — the precise instrument for the deficit thesis, without mining-company risk.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $16.35 | -- |
| 2017 | $21.06 | +28.8% |
| 2018 | $16.44 | -21.9% |
| 2019 | $17.54 | +6.7% |
| 2020 | $21.73 | +23.9% |
| 2021 | $27.21 | +25.2% |
| 2022 | $23.09 | -15.1% |
| 2023 | $24.14 | +4.5% |
| 2024 | $25.16 | +4.2% |
| 2025 | $34.96 | +39.0% |
| Year | Yield |
|---|---|
| 2016 | 0.00% |
| 2017 | 0.00% |
| 2018 | 0.00% |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.00% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.3B | -- |
| 2017 | $0.4B | +33.3% |
| 2018 | $0.3B | -25.0% |
| 2019 | $0.4B | +33.3% |
| 2020 | $0.4B | +0.0% |
| 2021 | $0.5B | +25.0% |
| 2022 | $0.5B | +0.0% |
| 2023 | $0.5B | +0.0% |
| 2024 | $0.5B | +0.0% |
| 2025 | $0.7B | +40.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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