Sprott Nickel Miners ETF
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As of December 19, 2024
NAV
$10.54
NAV Daily Change
-$0.26
-2.41%
NAV Since Inception Cumulative Change1
-36.43%
Ticker
NIKL
Market Price2
$10.54
Premium/Discount3
0.00%
Total Net Asset Value
$8.43 Million
Net Total Expense Ratio4
0.75%
Overview
Key Points
- Pure-Play† Nickel ETF – The only†† U.S.-listed ETF focused on nickel mining companies providing a critical material necessary to meet the rising global demand for batteries and energy storage along with continuing demand for stainless steel.
- Essential to Energy Storage –Nickel offers high energy density, making it critical to smaller batteries needed for hybrid and electric vehicles (EVs) and nickel-zinc (NiZn) batteries, which are in demand as space-saving power backups for AI data centers.
- Required for Efficient Electric Vehicles – With the recent discovery that adding more nickel to EV batteries increases their drivable range,††† energy transition-related demand for this critical mineral may increase nearly 7 times by 2040, relative to 2023.††††
- Well-Positioned Companies – Companies upstream in the supply chain may be well-positioned to benefit from the increased investment in nickel necessary to meet the rising global demand for energy and energy storage.
Investment Objective
Sprott Nickel Miners ETF (Nasdaq: NIKL) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL). The Index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers.
†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.
††Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 9/30/2024.
†††Source: The Nickel Institute, March 2023.
††††Source: “Global Critical Minerals Outlook 2024”, International Energy Agency (IEA), May 2024. Data shown for Net Zero Emissions Scenario.
Key Facts
Ticker
NIKL
Listing Exchange
Nasdaq®
Benchmark Index
NSNIKL
Index Rebalance Frequency
Semi-Annually in June & December
ISIN
Show ISIN
ISIN: US85208P6007
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85208P600
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
March 21, 2023
Adviser
Sprott Asset Management USA, Inc.
Sub-Adviser
ALPS Advisors, Inc.
Distributor
ALPS Distributors, Inc.
Fees & Expenses4
| Management Fee | 0.75% |
| Other Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 0.75% |
ETF Fund Details
December 19, 2024
Total Net Assets
$8,433,881.75
Shares Outstanding
800,000
Number of Holdings
25
Median 30 Day Bid Ask Spread
(As of 12/19/2024)
0.59%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 11/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Nickel Miners ETF (Net Asset Value) |
-6.44 | -5.31 | -15.93 | -17.56 | -19.94 |
| Sprott Nickel Miners ETF (Market Price)2 |
-4.65 | -3.73 | -15.98 | -17.17 | -19.50 |
| Nasdaq Sprott Nickel Miners™� Index (Benchmark)5 |
-6.23 | -4.98 | -15.34 | -16.91 | -19.34 |
| MSCI All Country World Index5 | 3.74 | 3.77 | 20.34 | 26.12 | 22.65 |
Quarter-End Performance
Average Annual Total Returns (%) As of 9/30/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Nickel Miners ETF (Net Asset Value) |
11.34 | 4.61 | -1.14 | -13.38 | -13.13 |
| Sprott Nickel Miners ETF (Market Price)2 |
10.53 | 3.57 | -3.54 | -14.05 | -13.96 |
| Nasdaq Sprott Nickel Miners™ Index (Benchmark)5 |
11.73 | 5.15 | -0.44 | -13.04 | -12.40 |
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: 3/21/2023.
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 most recent prospectus. For the services the Adviser (Sprott Asset Management USA, Inc.) 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 0.75% of net assets.
5 The Nasdaq Sprott Nickel Miners™ Index (NSNIKL™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Sponsor”). The Index Provider and Sponsor 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 Sponsor 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.
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: March 21, 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: March 21, 2023.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of December 21, 2024
| CY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
| Days Traded at Premium | 110 | 57 | 35 | 16 | -- |
| Days Traded at Discount | 80 | 4 | 24 | 46 | -- |
Portfolio Characteristics
As of 11/30/2024
| Number of Issuers | 25 |
| Market Cap (millions) | $20,628.77 |
| Weighted Avg. Company Market Cap (millions) | $1,645.65 |
| Market Cap Breakdown | |
| Large (>$10B) | 0.00% |
| Medium ($2 -$10B) | 55.50% |
| Small (<$2B) | 44.50% |
| Material Weightings††† | |
| Nickel Equities | 86.21% |
| Other | 13.79% |
††† Reflects equities classified by Sprott Asset Management.
Company Domicile Breakdown
As of 11/30/2024
Holdings
As of 12/19/2024
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Nickel Industries Ltd. | $1,618,934.71 | NIC AU | BZ7NDP2 | 3,163,201 | 19.20% |
| Merdeka Battery Materials Tbk PT | $838,953.90 | MBMA IJ | BMBR1M2 | 30,235,750 | 9.95% |
| Vale Indonesia Tbk PT | $586,872.93 | INCO IJ | B0217K9 | 2,655,600 | 6.96% |
| IGO Ltd. | $546,866.64 | IGO AU | 6439567 | 178,812 | 6.48% |
| Trimegah Bangun Persada Tbk PT | $524,518.97 | NCKL IJ | BP69061 | 11,242,650 | 6.22% |
| Aneka Tambang Tbk | $467,809.68 | ANTM IJ | 6053859 | 5,184,095 | 5.55% |
| Lifezone Metals Ltd. | $417,037.91 | LZM | BLCY1J2 | 61,967 | 4.94% |
| Nickel Asia Corp. | $411,018.18 | NIKL PM | B5BNBK9 | 8,083,015 | 4.87% |
| Magna Mining Inc. | $392,609.44 | NICU CN | BLDC8H2 | 400,754 | 4.66% |
| Canada Nickel Co. Inc. | $346,169.36 | CNC CN | BLHTRV6 | 535,725 | 4.10% |
| Power Nickel Inc. | $298,295.88 | PNPN CN | BL6JPL3 | 485,110 | 3.54% |
| Xinjiang Xinxin Mining Industry Co. Ltd. | $272,857.01 | 3833 HK | B24FHB4 | 2,523,700 | 3.24% |
| Centaurus Metals Ltd. | $265,079.03 | CTM AU | 6087320 | 1,231,027 | 3.14% |
| Eramet SA | $215,842.14 | ERA FP | 4017017 | 4,078 | 2.56% |
| Global Ferronickel Holdings Inc. | $176,901.00 | FNI PM | BD59J94 | 9,939,730 | 2.10% |
| Pam Mineral Tbk PT | $161,422.32 | NICL IJ | BP2PSH0 | 9,885,600 | 1.91% |
| Sherritt International Corp. | $155,902.14 | S CN | 2804158 | 1,319,895 | 1.85% |
| Premium Resources Ltd. | $138,503.26 | PREM CN | BRWK9N2 | 406,818 | 1.64% |
| Talon Metals Corp. | $135,615.01 | TLO CN | B0796T0 | 2,168,710 | 1.61% |
| Ardea Resources Ltd. | $111,659.06 | ARL AU | BYMC6G9 | 559,056 | 1.32% |
| Nickel 28 Capital Corp. | $99,546.01 | NKL CN | BMGST60 | 207,640 | 1.18% |
| Adhi Kartiko Pratama PT | $87,243.71 | NICE IJ | BQRHC32 | 4,037,500 | 1.03% |
| EV Nickel Inc. | $66,249.43 | EVNI CN | BP6NLY8 | 247,661 | 0.79% |
| Raiden Resources Ltd. | $61,843.74 | RDN AU | BDCX8N6 | 9,007,710 | 0.73% |
| Panoramic Resources Ltd. | $3,235.94 | PAN AU | 6405665 | 518,456 | 0.04% |
| Cash Equivalent | $32,894.35 | $32,894.35 | 0.39% |
25 total, excluding cash and cash equivalents. Subject to change.
Distributions
Ex-Date |
Record Date |
Payable Date |
Short-Term Capital Gains |
Long-Term Capital Gains |
Ordinary Income |
Total Distributions |
|---|---|---|---|---|---|---|
12/14/2023 |
12/15/2023 |
12/21/2023 |
$0.08 |
- |
$2.69 |
$2.77 |
12/12/2024 |
12/12/2024 |
12/19/2024 |
- |
- |
$0.37 |
$0.37 |
Literature
Fact Sheet
Quarterly Investor Presentation
Index Rebalance
White Paper
FAQs
Commentary
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Shifting Energy: Uncovering Big Opportunities and Demand in Nickel for Investors
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Contact Us
Investment Adviser
Sprott Asset Management USA, Inc.
320 Post Road, Suite 230
Darien, CT 06820
Telephone: 888.622.1813
Distributor and Sub-Adviser
ALPS
1290 Broadway, Suite 1100
Denver, CO 80203
Client Services
Financial Advisors and Investors
Telephone: 888.622.1813
Email: bullion@sprott.com
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