Sprott Gold Miners ETF

As of 7/18/2019
SGDM
NAV
$24.37
NAV Change
$0.78 (.05%)
Market Price1
$24.4
Premium/Discount2
0.12%

Key Facts

Sprott Gold Miners Exchange Traded Fund (NYSE Arca: SGDM) seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges.

The Index uses a transparent, rules-based methodology that is designed to emphasize larger-sized gold companies with the highest revenue growth and free cash flow yield, and the lowest long-term debt to equity. The Index is reconstituted on a quarterly basis to reflect the companies with the highest factor scores.

ETF Details
ETF Ticker SGDM
IIV Ticker SGDM.IV
Listing Exchange NYSE Arca
CUSIP 85210B 102
Fund Inception July 15, 2014
Index Reconstitution Quarterly
 
Index Ticker SOLGMCFT
Total Net Assets $188,880,072.19
Shares Outstanding 7,750,000
Number of Holdings 26
Frequency Distribution of Premiums and Discounts
Fees and Expenses
As of 6/30/2019
Management Fee 0.35%
Other Expenses3 0.28%
Total Annual Fund Operating Expenses 0.63%
Fee Waiver/Expense Reimbursement 0.13%
Net Total Expense Ratio4 0.50%

Monthly Performance

As of 6/30/2019

Total Returns Cumulative Annualized
Fund 1 Mo. 3 Mo. YTD SI6 1 Yr. 3 Yr. SI6
Sprott Gold Miners ETF
(Net Asset Value)
19.52% 15.99% 25.39% -9.57% 14.46% -5.04% -2.01%
Sprott Gold Miners ETF
(Market Price)1
19.13% 15.61% 25.33% -9.82% 14.14% -5.11% -2.06%
Sprott Zacks Gold Miners TR
(Benchmark)5
19.63% 16.26% 25.88% -6.22% 15.40% -4.36% -1.29%

Quarterly Performance

As of 6/30/2019

Total Returns Cumulative Annualized
Fund 1 Mo. 3 Mo. YTD SI6 1 Yr. 3 Yr. SI6
Sprott Gold Miners ETF
(Net Asset Value)
19.52% 15.99% 25.39% -9.57% 14.46% -5.04% -2.01%
Sprott Gold Miners ETF
(Market Price)1
19.13% 15.61% 25.33% -9.82% 14.14% -5.11% -2.06%
Sprott Zacks Gold Miners TR
(Benchmark)5
19.63% 16.26% 25.88% -6.22% 15.40% -4.36% -1.29%

Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Call 888.622.1813 for current month end performance.

1 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

2 The Premium/Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).

“Other expenses” are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund’s net assets.

Sprott Asset Management LP, the investment adviser to the Fund, has contractually agreed to waive the management fee, and/or reimburse expenses so that Total Net Expense Ratio After Fee Waiver/Expense Reimbursements (not including distribution (12b-1) fees, shareholder service fees, acquired fund fees and expenses, taxes, brokerage commissions and extraordinary expenses) do not exceed a maximum of 0.50% of the shares average daily net assets through June 30, 2021.

Effective 7/22/2019, SGDM began tracking the Solactive Gold Miners Custom Factors Index (SOLGMCFT). Historical Index data prior to 7/22/2019 is for the Sprott Zacks Gold Miners Index (ZAXSGDM). Index data on or after 7/22/2019 is the Solactive Gold Miners Custom Factors Index (SOLGMCFT), which was created by Solactive AG ("Index Provider") to provide a means of generally tracking the performance of gold mining companies whose stocks are traded on Canadian and major U.S. exchanges. An investor cannot invest directly in the Index.

6 Inception Date: 7/15/2014.


Daily Holdings

As of 7/18/2019

Security Symbol Weight
Kirkland Lake Gold Ltd. KL 16.83%
Wheaton Precious Metals Corp. WPM 13.30%
Agnico Eagle Mines Ltd. AEM 13.06%
Royal Gold Inc. RGLD 4.60%
Barrick Gold Corp. GOLD 4.54%
Kinross Gold Corp. KGC 4.52%
AngloGold Ashanti Ltd. AU 4.27%
Alamos Gold Inc. AGI 4.24%
B2Gold Corp. BTG 4.12%
Cia de Minas Buenaventura SAA BVN 3.69%
Pretium Resources Inc. PVG 3.56%
First Majestic Silver Corp. AG 3.38%
IAMGOLD Corp. IAG 3.16%
Gold Fields Ltd. GFI 2.59%
SSR Mining Inc. SSRM 2.07%
Sandstorm Gold Ltd. SAND 1.97%
Sibanye Gold Ltd. SBGL 1.74%
McEwen Mining Inc. MUX 1.64%
Fortuna Silver Mines Inc. FSM 1.55%
Yamana Gold Inc. AUY 1.47%
Hecla Mining Co. HL 1.37%
New Gold Inc. NGD 0.66%
Coeur Mining Inc. CDE 0.58%
Harmony Gold Mining Co. Ltd. HMY 0.57%
Seabridge Gold Inc. SA 0.46%
Cash Equivalent 0.06%

26 total.  Subject to change.

Portfolio Diagnostics

As of 6/30/2019

Number of Companies 25
Market Cap (millions) $111,836
Largest Market Cap (millions) $27,658
Smallest Market Cap (millions) $456
Weighted Avg. Company Market Cap (millions) $7,632
Market Cap breakdown
Large (>$10B) 31.57%
Medium ($2 -$10B) 48.71%
Small (<$2B) 19.72%
Industry Weightings
Gold Mining 81.12%
Silver Mining 18.88%

Company Domicile Breakdown

As of 6/30/2019


Distributions

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distributions
12/24/2014 12/29/2014 01/02/2015 - - $0.045787 $0.045787
12/23/2015 12/28/2015 12/31/2015 - - $0.186857 $0.186857
12/21/2017 12/22/2017 12/28/2017 - - $0.119440 $0.119440
12/21/2016 12/23/2016 12/29/2016 - - $0.003717 $0.003717
12/20/2018 12/21/2018 12/27/2018 - - $0.087620 $0.087620

An investor should consider the investment objectives, risks, charges and expenses carefully before investing. Click here to obtain a Sprott Gold Miners ETF Statutory Prospectus and Sprott Junior Gold Miners ETF Statutory Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectuses carefully before investing.

The Funds are not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Funds are considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Gold Miners ETF and Sprott Junior Gold Miners ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 50,000 shares.

Funds that emphasize investments in small/mid cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.

ALPS Distributors, Inc. is a registered broker-dealer and FINRA Member.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported net asset value. The amount that the fund's market price is above the reported NAV is called the premium. The amount that the fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

*A unit that is equal to 1/100th of 1% and is used to denote the change in a financial instrument.

The Premium / Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).

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