Dig Deeper for Gold and Silver Returns
Sprott Active Gold & Silver Miners ETF
The ONLY Active
Gold and Silver Miners ETF*
Active Management by a Global Leader
Combines the strengths of an ETF
with the expertise of active management
- + Sprott has more than four decades of specialized leadership in precious metals investing
- + Investment team with extensive experience led by industry veteran John Hathaway, CFA, MBA
Focus on Miners
Long-term capital appreciation via the growth potential
of gold and silver mining companies
- + Significant catch-up potential for the mining sector as miners lag bullion prices
- + Targeted strategy that navigates the operational complexities of mining operations
* Based on Morningstar’s universe of Precious Metals Sector Equity ETFs as of 6/30/2025.
GBUG Snapshot & Portfolio Management Team
Investors choose GBUG to tap into the potential of gold and silver miners with expert, active management and decades of specialized industry experience.
Sprott Active Gold & Silver Miners ETF
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Ticker: GBUG
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Focus: Gold & Silver Mining Equities
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Listing Exchange: Nasdaq®
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Inception Date: 2/19/2025
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Total Annual Fund Operating Expenses: 0.89%
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Holdings: 34
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Fund AUM: $45.8 million
Data as of 6/30/2025. Please refer to the most recent prospectus for more information.
Our Boots on the Ground Difference
We actively seek to capture upside and manage risk in a volatile sector. Sprott’s knowledgeable specialists understand the economic geology and business fundamentals of the mining industry. They add value through actively managed stock selection and portfolio construction.
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Selective Stock Picking
We seek to identify miners with the strongest fundamentals, management teams and growth prospects.
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Deep Industry Knowledge
From geology to corporate strategy, our team understands the full mining value chain.
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Global Access
Strong relationships across the mining sector allow us to uncover opportunities others may miss.
Justin Tolman, BSc (Hons), MBA, Senior Portfolio Manager and Economic Geologist, reviews exploration maps during an aerial survey over the Kalahari in Southern Africa, assessing mining prospects amid the region’s vast landscapes.
Maria Smirnova, MBA, CFA, Senior Portfolio Manager & Chief Investment Officer, conducts on-site due diligence at a leading mining operation in Mexico, holding a freshly cast silver doré bar, which represents unrefined semi-pure silver.
The Active Management Opportunity
Sprott’s active portfolio managers have the potential to add value through selective stock picking and thoughtful portfolio construction. The 171% average performance spread between top- and bottom-tier precious metals miners over the past five years underscores the potential advantage of active management.
Source: Bloomberg as of 6/30/2025, as measured by the NYSE Arca Gold Miners Index (GDMNTR), which is intended to track the overall performance of companies involved in the gold mining industry.
Explore GBUG
Visit our Sprott Active Gold & Silver Miners ETF page.
Stay current. Join our Insights mailing list.Nasdaq’s Just for Funds: Introducing the Sprott Active Gold & Silver Miners ETF (GBUG)
Important Disclosures & Definitions
An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Active Gold & Silver Miners ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/gbug/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.
The Sprott Active Gold & Silver Miners ETF is new and has limited operating history. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s shares and the possibility of significant losses. The Fund will be concentrated in the gold, silver and precious metals mining and related industries. As a result, the Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the gold, silver and precious metals industry, highly dependent on the price of gold and silver bullion. The gold, silver and precious metals industry can be significantly affected by competitive pressures, central bank operations, events relating to international political developments, the success of exploration projects, commodity prices, adverse environmental developments and tax and government regulations. An investment in the Fund involves a substantial degree of risk. The Fund is not suitable for all investors. The Fund is 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.
The Fund adviser’s judgments about the growth, value, or potential appreciation of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance relative to its benchmark.
Shares are not individually redeemable. Investors buy and sell shares of the Sprott Active Gold & Silver Miners 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.
Sector weightings are determined using the Bloomberg Industry Classification Standard (“BICS”).
Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Active Gold & Silver Miners & Physical Silver ETF. 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 USA, Inc.
®Registered trademark of Sprott Inc. 2025.
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