As of 3/31/2023
NAV
$17.35
NAV Daily Change
$0.01 (0.06%)
NAV Since Inception Change1
-15.32%
Ticker/Exchange
SETM
Market Price2
$17.40
Premium/Discount3
0.29%
Total Net Assets
$7.11 Million
Net Total Expense Ratio4
0.65%

Overview

Key Points

  1. Pure-Play Critical Minerals ETF – Provides pure-play access to a range of critical minerals necessary for the global clean energy transition
  2. Increased Investment Driving Growth – Government net-zero or reduced emissions mandates lead to increased investment. Globally, $1.11T was invested in the energy transition sector in 2022
  3. Substantial Investment for the Foreseeable Future – To meet net-zero targets, global investment may need to accelerate to a yearly average of $3.9T from 2023 to 2030
  4. Well-Positioned Companies – Companies that are upstream in the supply chain may be well-positioned to benefit from the increased investment in the critical minerals necessary for the clean energy transition

The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.

††Source: Energy Transition Investment Trends 2023, BloombergNEF.

Investment Objective

Sprott Energy Transition Materials ETF (Nasdaq: SETM) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials™ Index (NSETM™). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry.

 

Educational Video - Critical Minerals for the Clean Energy Transition

Featured Insight

Has the Next Commodities Supercycle Begun?
3/21/2023
Sprott Energy Transition Materials

Has the Next Commodities Supercycle Begun?

February saw energy transition materials/critical minerals markets correct, but the secular story remains strong. As the global energy transition "arms race" heats up, the drive to secure supply is fast becoming more important than price. All signs indicate the 40-year bond bull market has likely ended and the next great secular bull market in commodities has begun.

ETF Details As of 3/31/2023
ETF Ticker SETM
Index Ticker NSETM
Listing Exchange Nasdaq®
CUSIP 85208P402
ISIN US85208P4028
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $7,114,592.06
Shares Outstanding 410,000
Number of Holdings 111
Median 30 Day Bid Ask Spread na
Adviser Sprott Asset Management LP
Sub-Adviser ALPS Advisors, Inc.
Distributor ALPS Distributors, Inc.
Fees and Expenses
Management Fee 0.65%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.65%
As of the most recent prospectus.4

 

Market Price vs. Net Asset Value Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: 2/1/2023.

 

Historical Premium/Discount: Market Price to Net Asset Value

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the "Reset Zoom" button to return to the full timeline view.

Inception date: 2/1/2023.

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter

Data updated as of 2/01/2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 0 -- -- --
Days Traded at Discount -- 0 -- -- --

Index Portfolio Characteristics

As of 2/28/2023

Number of Issuers 111
Market Cap (millions) $423,826
Weighted Avg. Company Market Cap (millions) $11,762
Market Cap Breakdown
Large (>$10B) 34.48%
Medium ($2 -$10B) 41.40%
Small (<$2B) 24.12%
Material Weightings†††
Copper Equities 27.31%
Uranium Equities 23.01%
Lithium Equities 22.92%
Rare Earths Equities 11.11%
Nickel Equities 8.75%
Silver Equities 3.37%
Recycling Equities 1.06%
Graphite Equities 1.03%
Manganese Equities 0.99%
Cobalt Equities 0.30%
Other 0.15%

††† Reflects equities classified by Sprott Asset Management.

Index Company Domicile Breakdown

As of 2/28/2023

 

Critical Minerals: Natural materials that are essential to the generation, transmission and storage of clean energy. SETM provides investors access to the miners who produce uranium, lithium, copper, nickel, silver, manganese, cobalt, graphite and rare earth elements.

Upstream Energy

Daily Holdings

As of 3/31/2023

Security Market Value ISIN Symbol SEDOL Quantity Weight
Cameco Corp. $393,518.29 CA13321L1085 CCJ 2158684 15,037 5.53%
NAC Kazatomprom JSC $384,916.00 US63253R2013 KAP LI BGXQL36 13,048 5.41%
Freeport-McMoRan Inc. $376,985.65 US35671D8570 FCX 2352118 9,215 5.30%
First Quantum Minerals Ltd. $341,919.43 CA3359341052 FM CN 2347608 14,873 4.81%
MP Materials Corp. $310,625.61 US5533681012 MP BN15Y35 11,019 4.37%
IGO Ltd. $303,347.25 AU000000IGO4 IGO AU 6439567 35,537 4.26%
Albemarle Corp. $290,004.48 US0126531013 ALB 2046853 1,312 4.08%
Sociedad Quimica y Minera de Chile SA $289,141.02 US8336351056 SQM 2771122 3,567 4.06%
Pilbara Minerals Ltd. $278,568.01 AU000000PLS0 PLS AU B2368L5 105,771 3.92%
Lynas Rare Earths Ltd. $268,437.13 AU000000LYC6 LYC AU 6121176 63,341 3.77%
NexGen Energy Ltd. $219,256.01 CA65340P1062 NXE BCH0BB4 57,247 3.08%
Antofagasta PLC $210,906.62 GB0000456144 ANTO LN 0045614 10,814 2.96%
Boliden AB $193,311.11 SE0017768716 BOL SS BL54C29 4,920 2.72%
Allkem Ltd. $185,426.47 AU0000193666 AKE AU BLSNC78 23,350 2.61%
Southern Copper Corp. $175,070.00 US84265V1052 SCCO 2823777 2,296 2.46%
OZ Minerals Ltd. $142,522.96 AU000000OZL8 OZL AU 6397825 7,585 2.00%
Paladin Energy Ltd. $142,517.28 AU000000PDN8 PDN AU 6668468 328,009 2.00%
Livent Corp. $136,032.36 US53814L1089 LTHM BD9PM00 6,263 1.91%
Uranium Energy Corp. $132,428.16 US9168961038 UEC B0VLLY2 45,982 1.86%
Lundin Mining Corp. $116,898.11 CA5503721063 LUN CN 2866857 17,210 1.64%
Nickel Industries Ltd. $110,411.23 AU0000018236 NIC AU BZ7NDP2 183,528 1.55%
Ganfeng Lithium Group Co. Ltd. $98,222.91 CNE1000031W9 1772 HK BZ9NS11 15,800 1.38%
Vale Indonesia Tbk PT $96,371.67 ID1000109309 INCO IJ B0217K9 217,300 1.35%
First Majestic Silver Corp. $91,862.61 CA32076V1031 AG B01DH95 12,741 1.29%
KGHM Polska Miedz SA $91,733.52 PLKGHM000017 KGH PW 5263251 3,239 1.29%
Capstone Copper Corp. $79,667.85 CA14071L1085 CS CN BMY5XY9 17,651 1.12%
Ivanhoe Mines Ltd. $71,769.32 CA46579R1047 IVN CN BD73C40 7,944 1.01%
Eramet SA $68,440.05 FR0000131757 ERA FP 4017017 656 0.96%
Liontown Resources Ltd. $65,353.68 AU000000LTR4 LTR AU B1J89V5 37,895 0.92%
Li-Cycle Holdings Corp. $61,513.38 CA50202P1053 LICY BKP4ZD4 10,926 0.86%
Aya Gold & Silver Inc. $60,651.07 CA05466C1095 AYA CN BK94091 7,534 0.85%
Denison Mines Corp. $56,198.22 CA2483561072 DNN B0122F3 51,558 0.79%
Energy Fuels Inc. $54,851.40 CA2926717083 UUUU BFV4XW8 9,830 0.77%
Lithium Americas Corp. $53,072.64 CA53680Q2071 LAC BF4X269 2,439 0.75%
MAG Silver Corp. $49,349.65 CA55903Q1046 MAG B01CJZ2 3,895 0.69%
Syrah Resources Ltd. $47,965.13 AU000000SYR9 SYR AU B23HV20 39,104 0.67%
Arafura Rare Earths Ltd. $45,525.11 AU000000ARU5 ARU AU 6711726 137,587 0.64%
Tianqi Lithium Corp. $43,088.45 CNE100005F09 9696 HK BMZ3RS4 6,400 0.61%
Sigma Lithium Corp. $43,187.76 CA8265991023 SGML BNM4ZD8 1,148 0.61%
Nickel Asia Corp. $41,618.69 PHY6350R1069 NIKL PM B5BNBK9 335,200 0.58%
SilverCrest Metals Inc. $41,204.94 CA8283631015 SILV BYV13G6 5,771 0.58%
CGN Mining Co. Ltd. $39,650.19 KYG2029E1052 1164 HK B755514 375,000 0.56%
Mincor Resources NL $37,649.49 AU000000MCR8 MCR AU 6000521 40,088 0.53%
Cia de Minas Buenaventura SAA $36,139.24 US2044481040 BVN 2210476 4,418 0.51%
ERO Copper Corp. $34,816.78 CA2960061091 ERO CN BF02Z72 1,968 0.49%
Boss Energy Ltd. $32,825.45 AU000000BOE4 BOE AU B1XLCQ6 20,808 0.46%
Silvercorp Metals Inc. $30,384.28 CA82835P1036 SVM B01DQT8 7,954 0.43%
Sandfire Resources Ltd. $25,633.11 AU000000SFR8 SFR AU 6739739 6,058 0.36%
Global Atomic Corp. $23,979.78 CA37957M1068 GLO CN BF11BK3 11,137 0.34%
Filo Mining Corp. $23,265.79 CA31730E1016 FIL CN BD3VM71 1,353 0.33%
Core Lithium Ltd. $21,442.51 AU000000CXO2 CXO AU B4XFS83 37,300 0.30%
Fission Uranium Corp. $19,633.71 CA33812R1091 FCU CN B94QMQ6 39,022 0.28%
Piedmont Lithium Inc. $19,696.40 US72016P1057 PLL BMGHM13 328 0.28%
Hudbay Minerals Inc. $18,459.00 CA4436281022 HBM B05BQ98 3,516 0.26%
MMG Ltd. $17,951.95 HK1208013172 1208 HK 6728793 61,270 0.25%
Deep Yellow Ltd. $17,191.82 AU000000DYL4 DYL AU 6480275 45,121 0.24%
GoGold Resources Inc. $17,103.51 CA38045Y1025 GGD CN B60BNP0 11,060 0.24%
iShares MSCI India ETF $17,042.88 US46429B5984 INDA B6XGR72 433 0.24%
Panoramic Resources Ltd. $16,192.18 AU000000PAN4 PAN AU 6405665 161,490 0.23%
Sociedad Minera Cerro Verde SAA $15,990.00 PEP646501002 CVERDEC1 2677929 533 0.22%
Encore Energy Corp. $15,586.46 CA29259W7008 EU CN BN48958 7,165 0.22%
China Gold International Resources Corp. Ltd. $14,990.00 CA16890P1036 2099 HK B60FNV8 4,100 0.21%
Hastings Technology Metals Ltd. $15,199.43 AU000000HAS0 HAS AU B29V502 8,917 0.21%
Ur-Energy Inc. $14,896.18 CA91688R1082 URG B0WW4L2 14,053 0.21%
Gatos Silver Inc. $13,921.96 US3680361090 GATO BN44WZ7 2,132 0.20%
Taseko Mines Ltd. $14,480.18 CA8765111064 TGB 2592066 8,723 0.20%
Talga Group Ltd. $14,482.82 AU000000TLG7 TLG AU B59N8P5 13,171 0.20%
Renascor Resources Ltd. $13,565.44 AU000000RNU8 RNU AU B3M6XR4 86,357 0.19%
Peninsula Energy Ltd. $12,836.96 AU000000PEN6 PEN AU 6486381 132,442 0.18%
Standard Lithium Ltd. $11,840.80 CA8536061010 SLI BF0QWN9 3,116 0.17%
Horizonte Minerals PLC $11,332.77 GB00BMXLQJ47 HZM LN BMXLQJ4 6,755 0.16%
Uranium Royalty Corp. $11,402.10 CA91702V1013 UROY BL7BHH8 5,535 0.16%
Ivanhoe Electric Inc. / US $10,461.15 US46578C1080 IE BPF0KH6 861 0.15%
Centaurus Metals Ltd. $10,143.96 AU000000CTM4 CTM AU 6087320 16,144 0.14%
American Lithium Corp. $9,780.24 CA0272592092 LI CN BF4XHL9 4,223 0.14%
Lotus Resources Ltd. $10,236.36 AU0000058737 LOT AU BK6XLC1 76,568 0.14%
Australian Strategic Materials Ltd. $9,218.84 AU0000094153 ASM AU BMTTJZ9 10,691 0.13%
Bannerman Energy Ltd. $9,130.35 AU000000BMN9 BMN AU B07DXJ1 9,420 0.13%
Argosy Minerals Ltd. $8,384.12 AU000000AGY0 AGY AU 6122113 28,506 0.12%
Copper Mountain Mining Corp. $8,620.64 CA21750U1012 CMMC CN B1Z9T89 5,320 0.12%
Lake Resources NL $8,402.95 AU000000LKE1 LKE AU 6397267 28,249 0.12%
Neometals Ltd. $8,211.90 AU000000NMT1 NMT AU BTKTRW0 20,475 0.12%
Atalaya Mining PLC $7,719.02 CY0106002112 ATYM LN BYZTVM8 1,835 0.11%
Central Asia Metals PLC $8,133.84 GB00B67KBV28 CAML LN B67KBV2 2,788 0.11%
Critical Elements Lithium Corp. $8,122.64 CA22675W1077 CRE CN B1SJ179 4,305 0.11%
Foran Mining Corp. $7,999.37 CA3449112018 FOM CN 2355731 2,737 0.11%
ioneer Ltd. $6,769.64 AU0000028946 INR AU BGYBHZ4 34,922 0.10%
Vulcan Energy Resources Ltd. $7,135.53 AU0000066086 VUL AU BKYBH63 1,886 0.10%
Jinchuan Group International Resources Co. Ltd. $6,580.98 KYG5138B1023 2362 HK 6373988 82,000 0.09%
Aeris Resources Ltd. $6,449.65 AU000000AIS8 AIS AU BZ8W0K2 14,401 0.09%
Frontier Lithium Inc. $6,017.28 CA35910P1099 FL CN BDGT4W1 3,967 0.08%
Ionic Rare Earths Ltd. $5,921.88 AU0000081341 IXR AU BMDYLR6 328,116 0.08%
Jervois Global Ltd. $5,565.80 AU000000JRV4 JRV AU 6473015 126,158 0.08%
Leo Lithium Ltd. $5,707.83 AU0000221251 LLL AU BPX2X20 16,421 0.08%
Alligator Energy Ltd. $5,271.14 AU000000AGE2 AGE AU B55ZH25 219,045 0.07%
Solaris Resources Inc. $5,166.33 CA83419D2014 SLS CN BMQ5701 1,066 0.07%
SolGold PLC $5,069.06 GB00B0WD0R35 SOLG LN B0WD0R3 21,402 0.07%
Galan Lithium Ltd. $4,002.98 AU0000021461 GLN AU BG5PWD8 5,494 0.06%
Cobalt Blue Holdings Ltd. $3,548.75 AU000000COB8 COB AU BYWK715 14,545 0.05%
Galileo Mining Ltd. $3,318.80 AU0000007510 GAL AU BFZ8GG1 6,755 0.05%
Atlantic Lithium Ltd. $3,040.60 AU0000237554 ALL LN BPWBM76 8,108 0.04%
Anson Resources Ltd. $2,584.97 AU000000ASN8 ASN AU BD8PFL3 21,484 0.04%
Electra Battery Materials Corp. $2,734.20 CA28474P2017 ELBM BLC9HS8 1,302 0.04%
Global Lithium Resources Ltd. $2,859.59 AU0000142929 GL1 AU BNKDXV1 3,034 0.04%
Latin Resources Ltd. $2,954.20 AU000000LRS6 LRS AU B44CSR2 36,829 0.04%
South Manganese Investment Ltd. $1,954.80 BMG8291R1043 1091 HK BMH38Q7 31,000 0.03%
29Metals Ltd. $1,818.69 AU0000157067 29M AU BNNVRL0 2,296 0.03%
Northern Dynasty Minerals Ltd. $2,070.63 CA66510M2040 NAK B014QY6 8,671 0.03%
Arizona Lithium Ltd. $1,700.92 AU0000179640 AZL AU BNVQG98 48,934 0.02%
Essential Metals Ltd. $1,718.93 AU0000096943 ESS AU BMXT4B6 5,248 0.02%
Lithium Power International Ltd. $1,635.36 AU000000LPI1 LPI AU BYV9P53 6,990 0.02%
Cash Equivalent $-5,046.26 $-5,046.26 -0.05%

111 total, excluding cash and cash equivalents.  Subject to change.


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distributions
- - - - - - -

 



Education

Video - Bloor Street Capital Nuclear and Uranium Conference

Video - Bloor Street Capital Nuclear and Uranium Conference

Webcast Replay - The Energy Transition Is Here. Is Your Portfolio Ready?

Podcast: 2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box?

Video - Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition

Educational Video - Critical Minerals for the Clean Energy Transition

 

 

Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call 888.622.1813 or visit www.sprottetfs.com for current month end performance. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

* Returns less than one year are not annualized.

1 Inception Date: 2/1/2023.

2 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.

3 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).

4 Reflects Total Annual Operating Expenses as outlined in the prospectus dated January 31, 2023. For the services the Adviser (Sprott Asset Management LP) provides to the Fund, the Adviser is entitled to receive an annual advisory fee from the Fund calculated daily and paid monthly at an annual rate of 0.65% on assets.

5 The Nasdaq Sprott Energy Transition Materials™ Index (NSETM™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Adviser”). The Index Provider and Adviser co-developed the  methodology for determining the securities to be included in the Index and the Index Provider is responsible for the ongoing maintenance of the Index. The Adviser will provide certain services in connection with the Index including contributing inputs in connection with the eligibility and process to determine the initial selection and ongoing composition of the Index constituents.

Important Disclosures & Definitions

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Energy Transition Materials ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/setm/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.

The Fund is not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. The Funds are con-diversified and can invest a more significant portion of assets in securities of individual issuers than a diversified fund. As a result, changes in a single investment's market value could cause more significant share price fluctuation than in a diversified fund.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Energy Transition Materials ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 10,000 shares.

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow 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.

The Sprott Energy Transition Materials ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Energy Transition Materials Index (NSETM).

Nasdaq®, Nasdaq Sprott Energy Transition Materials Index, and NSETM are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management LP is the investment advisor to the Sprott Energy Transition Materials ETF. ALPS Distributors, Inc. is the Distributor for Sprott Energy Transition Materials ETF and is a registered broker-dealer and FINRA Member.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter

Data updated as of 2/01/2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 0 -- -- --
Days Traded at Discount -- 0 -- -- --

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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