Sprott Nickel Miners ETF
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As of March 24, 2025
NAV
$9.25
NAV Daily Change
+$0.07
+0.76%
NAV Since Inception Cumulative Change1
-44.21%
Ticker
NIKL
Market Price2
$9.30
Premium/Discount3
0.54%
Total Net Asset Value
$10.4 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 12/31/2024.
†††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 2025, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
Show CUSIP
CUSIP: 85208P600
Copyright 2025, 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
March 24, 2025
Total Net Assets
$10,448,909.86
Shares Outstanding
1,130,000
Number of Holdings
21
Median 30 Day Bid Ask Spread
(As of 3/20/2025)
0.41%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 2/28/2025
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Nickel Miners ETF (Net Asset Value) |
-4.74 | -16.88 | -11.85 | -20.46 | -25.13 |
| Sprott Nickel Miners ETF (Market Price)2 |
-4.32 | -16.95 | -10.85 | -19.92 | -24.80 |
| Nasdaq Sprott Nickel Miners™� Index (Benchmark)5 |
-4.60 | -16.48 | -11.36 | -19.85 | -24.45 |
| S&P 500 Total Return Index (S&P 500 Index)5 |
-1.30 | -0.97 | 1.44 | 18.41 | 24.48 |
| MSCI All Country World Index5 | -0.60 | 0.30 | 2.73 | 15.06 | 19.70 |
Quarter-End Performance
Average Annual Total Returns (%) As of 12/31/2024
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | S.I.*1 |
| Sprott Nickel Miners ETF (Net Asset Value) |
-5.71 | -19.81 | -20.73 | -20.73 | -21.72 |
| Sprott Nickel Miners ETF (Market Price)2 |
-6.84 | -18.86 | -21.73 | -21.73 | -21.84 |
| Nasdaq Sprott Nickel Miners™� Index (Benchmark)5 |
-5.78 | -19.88 | -20.23 | -20.23 | -21.19 |
| MSCI All Country World Index5 | -2.37 | -0.99 | 17.49 | 17.49 | 19.84 |
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 March 25, 2025
| CY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
| Days Traded at Premium | 132 | -- | -- | -- | -- |
| Days Traded at Discount | 110 | -- | -- | -- | -- |
Portfolio Characteristics
As of 2/28/2025
| Number of Issuers | 21 |
| Market Cap (millions) | $16,280.53 |
| Weighted Avg. Company Market Cap (millions) | $1,266.97 |
| Market Cap Breakdown | |
| Large (>$10B) | 0.00% |
| Medium ($2 -$10B) | 21.18% |
| Small (<$2B) | 78.82% |
| Material Weightings††† | |
| Nickel Equities | 89.82% |
| Other | 10.18% |
††† Reflects equities classified by Sprott Asset Management.
Company Domicile Breakdown
As of 2/28/2025
Holdings
As of 3/24/2025
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Nickel Industries Ltd. | $2,073,923.88 | NIC AU | BZ7NDP2 | 5,239,028 | 19.85% |
| Merdeka Battery Materials Tbk PT | $1,070,081.52 | MBMA IJ | BMBR1M2 | 65,611,850 | 10.24% |
| Power Metallic Mines Inc. | $921,515.83 | PNPN CN | BTJWZX7 | 736,981 | 8.82% |
| IGO Ltd. | $794,114.74 | IGO AU | 6439567 | 298,773 | 7.60% |
| Magna Mining Inc. | $638,773.97 | NICU CN | BLDC8H2 | 516,631 | 6.11% |
| Aneka Tambang Tbk | $540,974.09 | ANTM IJ | 6053859 | 5,632,595 | 5.18% |
| Nickel Asia Corp. | $510,917.59 | NIKL PM | B5BNBK9 | 12,202,415 | 4.89% |
| Eramet SA | $505,466.16 | ERA FP | 4017017 | 8,722 | 4.84% |
| Canada Nickel Co. Inc. | $495,752.86 | CNC CN | BLHTRV6 | 657,125 | 4.74% |
| Trimegah Bangun Persada Tbk PT | $441,648.84 | NCKL IJ | BP69061 | 11,605,550 | 4.23% |
| Lifezone Metals Ltd. | $403,929.60 | LZM | BLCY1J2 | 85,760 | 3.87% |
| Xinjiang Xinxin Mining Industry Co. Ltd. | $394,474.42 | 3833 HK | B24FHB4 | 3,097,700 | 3.78% |
| Vale Indonesia Tbk PT | $339,298.10 | INCO IJ | B0217K9 | 2,674,800 | 3.25% |
| Centaurus Metals Ltd. | $320,369.95 | CTM AU | 6087320 | 1,436,223 | 3.07% |
| Pam Mineral Tbk PT | $203,698.18 | NICL IJ | BP2PSH0 | 12,130,300 | 1.95% |
| Talon Metals Corp. | $201,130.87 | TLO CN | B0796T0 | 3,199,210 | 1.92% |
| Premium Resources Ltd. | $188,551.60 | PREM CN | BRWK9N2 | 658,344 | 1.80% |
| Sherritt International Corp. | $169,630.30 | S CN | 2804158 | 1,618,895 | 1.62% |
| Adhi Kartiko Pratama PT | $74,143.84 | NICE IJ | BQRHC32 | 4,949,400 | 0.71% |
| EV Nickel Inc. | $71,340.92 | EVNI CN | BP6NLY8 | 340,427 | 0.68% |
| Raiden Resources Ltd. | $41,917.27 | RDN AU | BDCX8N6 | 13,342,014 | 0.40% |
| Cash Equivalent | $47,255.33 | $47,255.33 | 0.45% |
21 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
Regulatory Documents
- Annual Reports Financial Statements and Other Important Information, December 31, 2024
- Tailored Shareholder Report, December 31, 2024
- Tailored Shareholder Report, June 30, 2024
- Semi-Annual Financial Statements and Other Important Information, June 30, 2024
- Summary Prospectus
- Statutory Prospectus
- Statement of Additional Information
- Annual Report, December 31, 2023
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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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