Sprott Gold Miners ETF

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As of 6/20/2024
SGDM
NAV
$26.99
NAV Change
$0.62 (2.35%)
Market Price1
$26.98
Premium/Discount2
-0.04%

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, 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 As of 6/20/2024
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 $247,244,602.56
Shares Outstanding 9,160,000
Number of Holdings 36
Frequency Distribution of Premiums and Discounts
Median 30 Day Bid Ask Spread
(As of 6/20/2024)
0.30 %
Fees and Expenses*
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%
*As of the most recent prospectus.

Month-End Performance
Average Annual Total Returns (%) As of 5/31/2024

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR S.I.5
Sprott Gold Miners ETF
(Net Asset Value)
6.25 31.11 11.31 5.22 -3.61 9.69 1.87
Sprott Gold Miners ETF
(Market Price)1
6.49 31.23 11.51 5.49 -3.51 9.71 1.89
Solactive Gold Miners Custom Factors Index TR
(Benchmark)4
6.38 31.45 11.74 6.11 -2.79 10.79 2.76
S&P 500 Total Return Index
(S&P 500 Index)4
4.96 3.91 11.30 28.19 9.57 15.80 12.52

Quarter-End Performance
Average Annual Total Returns (%) As of 3/31/2024

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR S.I.5
Sprott Gold Miners ETF
(Net Asset Value)
19.15 1.16 1.16 -9.24 -0.55 6.96 0.91
Sprott Gold Miners ETF
(Market Price)1
19.29 1.36 1.36 -9.03 -0.46 6.99 0.92
Solactive Gold Miners Custom Factors Index TR
(Benchmark)4
19.31 1.43 1.43 -8.46 0.28 8.04 1.79
S&P 500 Total Return Index
(S&P 500 Index)4
3.22 10.56 10.56 29.88 11.49 15.05 12.67

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.


Portfolio Diagnostics

As of 5/31/2024

Number of Companies 35
Market Cap (millions) $272,803.54
Largest Market Cap (millions) $48,363.67
Smallest Market Cap (millions) $828.65
Weighted Avg. Company Market Cap (millions) $16,526.40
Market Cap breakdown
Large (>$10B) 43.04%
Medium ($2 -$10B) 24.51%
Small (<$2B) 32.45%
Industry Weightings
Gold 86.46%
Precious Metals 13.54%

Company Domicile Breakdown

As of 5/31/2024

Daily Holdings

As of 6/20/2024

Security Market Value Symbol SEDOL Quantity Weight
Newmont Corp. $32,625,971.91 NEM 2636607 762,111 13.20%
Agnico Eagle Mines Ltd. $23,340,833.21 AEM CN 2009823 353,184 9.44%
Wheaton Precious Metals Corp. $18,630,262.73 WPM CN BF13KN5 345,664 7.54%
Franco-Nevada Corp. $17,442,517.95 FNV CN B29NF31 148,448 7.05%
Barrick Gold Corp. $11,341,986.69 ABX CN 2024644 668,669 4.59%
Kinross Gold Corp. $10,433,653.60 K CN B03Z841 1,355,830 4.22%
OceanaGold Corp. $10,146,706.51 OGC CN B1Z7L21 4,144,551 4.10%
Pan American Silver Corp. $10,063,200.86 PAAS CN 2669272 485,885 4.07%
Alamos Gold Inc. $9,775,316.44 AGI CN BZ3DNP6 614,991 3.95%
Centerra Gold Inc. $9,668,620.34 CG CN B01NXQ4 1,381,008 3.91%
Royal Gold Inc. $9,602,061.16 RGLD 2755706 77,026 3.88%
Dundee Precious Metals Inc. $9,560,381.48 DPM CN B00VD03 1,189,268 3.87%
K92 Mining Inc. $9,429,791.16 KNT CN BYZ2CB3 1,656,387 3.81%
Triple Flag Precious Metals Corp. $9,197,878.91 TFPM CN BJ171P4 598,190 3.72%
Fortuna Silver Mines Inc. $9,155,070.73 FVI CN 2383033 1,794,748 3.70%
Wesdome Gold Mines Ltd. $9,120,969.87 WDO CN B0Y90N5 1,128,452 3.69%
Orla Mining Ltd. $8,750,782.18 OLA CN BYZGJ92 2,233,980 3.54%
SSR Mining Inc. $7,925,459.77 SSRM CN BF7MPL9 1,713,239 3.21%
Gold Fields Ltd. $3,651,286.52 GFI 2416326 249,746 1.48%
Coeur Mining Inc. $1,322,874.94 CDE 2208136 225,362 0.54%
Equinox Gold Corp. $1,216,707.48 EQX CN BKLNP13 219,352 0.49%
Osisko Gold Royalties Ltd. $1,203,082.81 OR CN BN60CQ4 72,778 0.49%
Endeavour Mining PLC $1,194,611.03 EDV CN BN7KJJ5 55,150 0.48%
Eldorado Gold Corp. $1,188,469.53 ELD CN BHZJ5Y9 77,662 0.48%
Lundin Gold Inc. $1,187,425.42 LUG CN BTKSSY6 81,119 0.48%
Anglogold Ashanti PLC $1,143,493.76 AU BRXH266 48,208 0.46%
Harmony Gold Mining Co. Ltd. $1,145,197.24 HMY 2411202 126,962 0.46%
Sandstorm Gold Ltd. $1,145,074.36 SSL CN B7YC668 208,915 0.46%
B2Gold Corp. $1,119,754.21 BTO CN B29VFC4 423,264 0.45%
IAMGOLD Corp. $1,034,031.50 IMG CN 2446646 269,508 0.42%
New Gold Inc. $959,395.48 NGD CN 2826947 479,120 0.39%
Torex Gold Resources Inc. $917,927.37 TXG CN BD2NKY1 59,698 0.37%
Seabridge Gold Inc. $860,498.21 SEA CN 2246459 57,946 0.35%
Novagold Resources Inc. $770,577.37 NG CN 2135450 232,251 0.31%
Osisko Mining Inc. $554,203.75 OSK CN BDBCBP7 257,066 0.22%
Cash Equivalent $418,526.08 $418,526.08 0.18%

36 total.  Subject to change.


Distributions

 

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 Energy Transition 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 Energy Transition 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. Sprott Asset Management LP is the Sponsor of the Funds. 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.

 

 

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint
Premiums/Discounts

Data updated as of Jun 21, 2024

CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 86 21 -- -- --
Days Traded at Discount 137 28 -- -- --

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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