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, 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 Ticker | SGDM |
| IIV Ticker | SGDM.IV |
| Listing Exchange | NYSE Arca |
| CUSIP | |
| ISIN | |
| Fund Inception | July 15, 2014 |
| Index Reconstitution | Quarterly |
| Index Ticker | SOLGMCFT |
| Total Net Assets | $269,157,273.28 |
| Shares Outstanding | 8,870,000 |
| Number of Holdings | 36 |
| Frequency Distribution of Premiums and Discounts | |
| Median 30 Day Bid Ask Spread (As of 10/8/2024) |
0.30 % |
| Management Fee | 0.35% |
| Other Expenses | 0.15% |
| Total Annual Fund Operating Expenses | 0.50% |
| Fee Waiver/Expense Reimbursement 3 | 0.00% |
| Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursements | 0.50% |
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | S.I.5 |
|---|---|---|---|---|---|---|---|
| Sprott Gold Miners ETF (Net Asset Value) |
1.08 | 15.80 | 23.29 | 36.90 | 8.96 | 7.10 | 2.84 |
| Sprott Gold Miners ETF (Market Price)1 |
1.51 | 16.18 | 23.70 | 37.24 | 9.13 | 7.21 | 2.86 |
| Solactive Gold Miners Custom Factors Index TR (Benchmark)4 |
1.14 | 16.03 | 24.05 | 38.01 | 9.89 | 8.04 | 3.72 |
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | S.I.5 |
|---|---|---|---|---|---|---|---|
| Sprott Gold Miners ETF (Net Asset Value) |
1.08 | 15.80 | 23.29 | 36.90 | 8.96 | 7.10 | 2.84 |
| Sprott Gold Miners ETF (Market Price)1 |
1.51 | 16.18 | 23.70 | 37.24 | 9.13 | 7.21 | 2.86 |
| Solactive Gold Miners Custom Factors Index TR (Benchmark)4 |
1.14 | 16.03 | 24.05 | 38.01 | 9.89 | 8.04 | 3.72 |
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.
* Returns less than one year are not annualized.
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).
3 Sprott Asset Management USA, Inc. (the “Adviser”), the Investment Adviser to the Fund, has contractually agreed to waive the management fee, and/or reimburse expenses so that Total Annual Fund Operating Expenses 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 share’s average daily net assets through April 30, 2024. See the most recent prospectus for more information.
4 From July 22, 2019, forward Index data reflects the Fund’s current underlying Index, 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. Index data prior to July 22, 2019, reflects the Fund’s former index, the Sprott Zacks Gold Miners Index (ZAXSGDM). Index data shown for periods that include dates prior to July 22, 2019, reflect a blend of the performance of the SOLGMCFT and ZAXSGDM Indices. An investor cannot invest directly in an Index. SGDM was reorganized from ALPS ETF Trust into Sprott ETF Trust on or about 7/19/19. SGDM is a continuation of the prior Fund and, therefore, the performance information shown includes the prior Fund's performance. The S&P 500 Index is a stock market index that tracks the stocks of 500 large-cap U.S. companies; it is included as a broader U.S. equities markets reference.
5 Inception Date: 7/15/2014.
Data updated as of Oct 9, 2024
| CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|
| Days Traded at Premium | 86 | 21 | 13 | 17 | -- |
| Days Traded at Discount | 137 | 28 | 47 | 39 | -- |
As of 9/30/2024
| Number of Companies | 35 |
| Market Cap (millions) | $312,434.56 |
| Largest Market Cap (millions) | $61,600.46 |
| Smallest Market Cap (millions) | $1,149.14 |
| Weighted Avg. Company Market Cap (millions) | $20,945.24 |
| Market Cap breakdown | |
| Large (>$10B) | 48.13% |
| Medium ($2 -$10B) | 21.09% |
| Small (<$2B) | 30.78% |
| Industry Weightings | |
| Gold | 84.23% |
| Precious Metals | 15.77% |
As of 9/30/2024
As of 10/08/2024
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Newmont Corp. | $37,000,063.44 | NEM | 2636607 | 701,556 | 13.75% |
| Agnico Eagle Mines Ltd. | $25,553,633.95 | AEM CN | 2009823 | 326,814 | 9.49% |
| Barrick Gold Corp. | $23,415,537.23 | ABX CN | 2024644 | 1,191,068 | 8.70% |
| Wheaton Precious Metals Corp. | $19,567,007.63 | WPM CN | BF13KN5 | 327,778 | 7.27% |
| Franco-Nevada Corp. | $17,410,180.99 | FNV CN | B29NF31 | 144,441 | 6.47% |
| Lundin Gold Inc. | $12,495,471.78 | LUG CN | BTKSSY6 | 542,577 | 4.64% |
| Torex Gold Resources Inc. | $10,926,331.21 | TXG CN | BD2NKY1 | 563,983 | 4.06% |
| Alamos Gold Inc. | $10,459,012.14 | AGI CN | BZ3DNP6 | 536,211 | 3.89% |
| Dundee Precious Metals Inc. | $10,281,780.16 | DPM CN | B00VD03 | 1,030,254 | 3.82% |
| Royal Gold Inc. | $10,243,503.00 | RGLD | 2755706 | 74,390 | 3.81% |
| SSR Mining Inc. | $10,224,118.45 | SSRM CN | BF7MPL9 | 1,850,579 | 3.80% |
| Orla Mining Ltd. | $9,933,000.56 | OLA CN | BYZGJ92 | 2,369,941 | 3.69% |
| Triple Flag Precious Metals Corp. | $9,897,587.69 | TFPM CN | BJ171P4 | 625,358 | 3.68% |
| Osisko Mining Inc. | $9,636,829.87 | OSK CN | BDBCBP7 | 2,700,588 | 3.58% |
| Centerra Gold Inc. | $9,562,811.65 | CG CN | B01NXQ4 | 1,388,388 | 3.55% |
| Fortuna Mining Corp. | $9,435,726.30 | FVI CN | BPLQGB4 | 2,100,719 | 3.51% |
| Wesdome Gold Mines Ltd. | $8,664,434.95 | WDO CN | B0Y90N5 | 970,040 | 3.22% |
| Gold Fields Ltd. | $3,077,286.75 | GFI | 2416326 | 201,525 | 1.14% |
| Anglogold Ashanti PLC | $1,598,576.20 | AU | BRXH266 | 62,420 | 0.59% |
| B2Gold Corp. | $1,393,968.30 | BTO CN | B29VFC4 | 461,752 | 0.52% |
| New Gold Inc. | $1,354,287.16 | NGD CN | 2826947 | 496,845 | 0.50% |
| Endeavour Mining PLC | $1,323,638.04 | EDV CN | BN7KJJ5 | 59,638 | 0.49% |
| OceanaGold Corp. | $1,331,269.61 | OGC CN | B1Z7L21 | 479,380 | 0.49% |
| Osisko Gold Royalties Ltd. | $1,310,765.87 | OR CN | BN60CQ4 | 69,987 | 0.49% |
| Equinox Gold Corp. | $1,288,418.36 | EQX CN | BKLNP13 | 227,768 | 0.48% |
| Sandstorm Gold Ltd. | $1,299,753.00 | SSL CN | B7YC668 | 223,687 | 0.48% |
| Coeur Mining Inc. | $1,254,322.00 | CDE | 2208136 | 202,310 | 0.47% |
| Kinross Gold Corp. | $1,262,716.60 | K CN | B03Z841 | 133,796 | 0.47% |
| Pan American Silver Corp. | $1,255,146.22 | PAAS CN | 2669272 | 59,272 | 0.47% |
| Eldorado Gold Corp. | $1,156,959.00 | ELD CN | BHZJ5Y9 | 68,860 | 0.43% |
| Harmony Gold Mining Co. Ltd. | $1,100,298.70 | HMY | 2411202 | 117,805 | 0.41% |
| IAMGOLD Corp. | $1,110,521.11 | IMG CN | 2446646 | 242,882 | 0.41% |
| Seabridge Gold Inc. | $943,662.14 | SEA CN | 2246459 | 56,510 | 0.35% |
| K92 Mining Inc. | $904,932.77 | KNT CN | BYZ2CB3 | 152,470 | 0.34% |
| Novagold Resources Inc. | $896,159.00 | NG CN | 2135450 | 265,300 | 0.33% |
| Cash Equivalent | $587,561.45 | $587,561.45 | 0.21% |
36 total. Subject to change.
| Ex-Date | Record Date | Payable Date | Short-Term Capital Gains | Long-Term Capital Gains | Ordinary Income | Total Distributions |
|---|---|---|---|---|---|---|
| 12/24/2014 | 12/29/2014 | 01/02/2015 | - | - | - | - |
| 12/23/2015 | 12/28/2015 | 12/31/2015 | - | - | $0.05 | $0.05 |
| 12/21/2016 | 12/23/2016 | 12/29/2016 | - | - | $0.19 | $0.19 |
| 12/21/2017 | 12/22/2017 | 12/28/2017 | - | - | - | - |
| 12/20/2018 | 12/21/2018 | 12/27/2018 | - | - | $0.12 | $0.12 |
| 12/19/2019 | 12/20/2019 | 12/27/2019 | - | - | $0.06 | $0.06 |
| 12/16/2020 | 12/17/2020 | 12/23/2020 | - | - | $0.09 | $0.09 |
| 12/15/2021 | 12/16/2021 | 12/22/2021 | - | - | $0.36 | $0.36 |
| 12/15/2022 | 12/16/2022 | 12/22/2022 | - | - | $0.35 | $0.35 |
| 12/14/2023 | 12/15/2023 | 12/21/2023 | - | - | $0.35 | $0.35 |
Please Note: The term “pure-play” relates directly to the exposure that the Funds have to the total universe of investable, publicly listed securities in the investment strategy.
Important Disclosures
The Sprott Funds Trust is made up of the following ETFs (“Funds”): Sprott Gold Miners ETF (SGDM), Sprott Junior Gold Miners ETF (SGDJ), Sprott Critical Materials ETF (SETM), Sprott Uranium Miners ETF (URNM), Sprott Junior Uranium Miners ETF (URNJ), Sprott Copper Miners ETF (COPP), Sprott Junior Copper Miners ETF (COPJ), Sprott Lithium Miners ETF (LITP) and Sprott Nickel Miners ETF (NIKL). Before investing, you should consider each Fund’s investment objectives, risks, charges and expenses. Each Fund’s prospectus contains this and other information about the Fund and should be read carefully before investing.
This material must be preceded or accompanied by a prospectus. A prospectus can be obtained by calling 888.622.1813 or by clicking these links: Sprott Gold Miners ETF Prospectus, Sprott Junior Gold Miners ETF Prospectus, Sprott Critical Materials ETF Prospectus, Sprott Uranium Miners ETF Prospectus, Sprott Junior Uranium Miners ETF Prospectus, Sprott Copper Miners ETF Prospectus, Sprott Junior Copper Miners ETF Prospectus, Sprott Lithium Miners ETF Prospectus, and Sprott Nickel Miners ETF Prospectus.
The Funds are not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. The Funds are 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.
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV) and are not individually redeemed from the Fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. "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 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.
Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.
ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP.
Data updated as of Oct 9, 2024
| CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|
| Days Traded at Premium | 86 | 21 | 13 | 17 | -- |
| Days Traded at Discount | 137 | 28 | 47 | 39 | -- |
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).
You can purchase and trade shares of Sprott ETFs directly through your online brokerage firm; these firms may include:
You are now leaving SprottETFs.com and will be directed to the Sprott website at Sprott.com. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member. Sprott Asset Management LP is the adviser for the Sprott ETFs.
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