As of 5/26/2023
NAV
$20.08
NAV Daily Change
$0.22 (1.11%)
NAV Since Inception Change1
-2.95%
Ticker/Exchange
NIKL
Market Price2
$20.19
Premium/Discount3
0.55%
Total Net Assets
$1.61 Million
Net Total Expense Ratio4
0.75%

Overview

Key Points

  1. Pure-Play Nickel ETF – The only†† U.S.-listed ETF focused on nickel mining companies that are providing a critical mineral necessary for the clean energy transition
  2. Essential to Electric Vehicles –Nickel is a vital component in the rechargeable batteries used for hybrid and electric vehicles (EVs) and clean energy storage
  3. Growing Demand – With the recent discovery that adding more nickel to EV batteries increases their drivable range,††† demand for this critical mineral for use in EVs and battery storage may increase nearly 20 times by 2040, relative to 2020††††
  4. Well-Positioned Companies – Companies that are upstream in the supply chain may be well-positioned to benefit from the increased investment in nickel necessary for the clean energy transition

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 3/21/2023.

††Source: The Nickel Institute, March 2023.

††††Source: "The Role of Critical Minerals in Clean Energy Transitions,” International Energy Agency (IEA), May 2021.

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.

 

Nickel: A Battery Metal Powering the EV Revolution

 

Featured Insight

EV Batteries
5/9/2023
Sprott Energy Transition Materials

Nationalization and Surging M&A Highlight Secular Strength

The long-term secular growth outlook for energy transition materials got several boosts in April, despite tepid performance for the month. Chile's decision to nationalize its lithium reserves reinforces the metal's role as a global strategic economic asset. M&A activity has heated up in the copper mining sector with lofty bids, including Glencore's $23 billion rejected offer for Teck Resources at a 20% premium.

 

ETF Details As of 5/26/2023
ETF Ticker NIKL
Index Ticker NSNIKL
Listing Exchange Nasdaq®
CUSIP 85208P600
ISIN US85208P6007
Fund Inception1 March 21, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $1,606,030.29
Shares Outstanding 80,000
Number of Holdings 24
Median 30 Day Bid Ask Spread na
Adviser Sprott Asset Management LP
Sub-Adviser ALPS Advisors, Inc.
Distributor ALPS Distributors, Inc.
Fees and Expenses
Management Fee 0.75%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.75%
As of the most recent prospectus.4

Month-End Performance
Average Annual Total Returns (%) As of 4/30/2023

Fund 1 MO* S.I.1
Sprott Nickel Miners ETF
(Net Asset Value)
-0.09 5.61
Sprott Nickel Miners ETF
(Market Price)2
-0.81 6.04
NASDAQ Sprott Nickel Miners™ Index
(Benchmark)5
-0.22 5.89

Quarter-End Performance
Average Annual Total Returns (%) As of 3/31/2023

Fund 1 MO* S.I.1
Sprott Nickel Miners ETF
(Net Asset Value)
- 5.70
Sprott Nickel Miners ETF
(Market Price)2
- 6.91
NASDAQ Sprott Nickel Miners™ Index
(Benchmark)5
- 6.09

Past performance does not guarantee future results.

 

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: 3/21/2023.

 

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: 3/21/2023.

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 6 -- -- --
Days Traded at Discount -- 2 -- -- --

Portfolio Characteristics

As of 4/28/2023

Number of Issuers 24
Market Cap (millions) $18,623
Weighted Avg. Company Market Cap (millions) $2,022
Market Cap Breakdown
Large (>$10B) 0.00%
Medium ($2 -$10B) 26.18%
Small (<$2B) 73.82%
Material Weightings††
Nickel Equities 100.00%

†† Reflects equities classified by Sprott Asset Management.

Company Domicile Breakdown

As of 3/31/2023

Daily Holdings

As of 5/26/2023

Security Market Value ISIN Symbol SEDOL Quantity Weight
IGO Ltd. $247,660.48 AU000000IGO4 IGO AU 6439567 26,658 15.42%
Nickel Industries Ltd. $208,183.71 AU0000018236 NIC AU BZ7NDP2 377,899 12.96%
Vale Indonesia Tbk PT $198,415.08 ID1000109309 INCO IJ B0217K9 451,300 12.35%
Horizonte Minerals PLC $104,711.24 GB00BMXLQJ47 HZM LN BMXLQJ4 60,559 6.52%
Nickel Asia Corp. $95,972.04 PHY6350R1069 NIKL PM B5BNBK9 892,300 5.98%
Mincor Resources NL $75,579.52 AU000000MCR8 MCR AU 6000521 82,806 4.71%
Sherritt International Corp. $68,000.00 CA8239011031 S CN 2804158 187,000 4.23%
Global Ferronickel Holdings Inc. $59,628.93 PHY2715L1163 FNI PM BD59J94 1,440,000 3.71%
Talon Metals Corp. $58,945.82 VGG866591024 TLO CN B0796T0 272,000 3.67%
Xinjiang Xinxin Mining Industry Co. Ltd. $57,441.92 CNE1000007G2 3833 HK B24FHB4 360,000 3.58%
Centaurus Metals Ltd. $53,729.32 AU000000CTM4 CTM AU 6087320 116,075 3.35%
Canada Nickel Co. Inc. $49,742.52 CA13515Q1037 CNC CN BLHTRV6 52,900 3.10%
Nickel 28 Capital Corp. $40,603.86 CA65401N1078 NKL CN BMGST60 39,200 2.53%
Premium Nickel Resources Ltd. $38,364.74 CA74061J1093 PNRL CN BP9RGB9 51,200 2.39%
Panoramic Resources Ltd. $35,636.52 AU000000PAN4 PAN AU 6405665 520,585 2.22%
Poseidon Nickel Ltd. $33,051.60 AU000000POS4 POS AU 6947930 1,267,413 2.06%
Galileo Mining Ltd. $26,375.25 AU0000007510 GAL AU BFZ8GG1 60,382 1.64%
Azure Minerals Ltd. $25,321.78 AU000000AZS2 AZS AU 6716947 83,527 1.58%
Aston Minerals Ltd. $23,505.01 AU0000128787 ASO AU BLB2R22 429,207 1.46%
Sunrise Energy Metals Ltd. $22,091.17 AU0000143729 SRL AU BN4MX14 29,211 1.38%
FPX Nickel Corp. $21,752.07 CA3025911023 FPX CN BF497H3 70,500 1.35%
Legend Mining Ltd. $20,263.84 AU000000LEG9 LEG AU 6528238 621,638 1.26%
Widgie Nickel Ltd. $18,077.43 AU0000172041 WIN AU BLPKFL7 110,913 1.13%
Ardea Resources Ltd. $17,706.38 AU000000ARL4 ARL AU BYMC6G9 73,403 1.10%
Cash Equivalent $5,270.06 $5,270.06 0.32%

24 total, excluding cash and cash equivalents.  Subject to change.


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distributions
- - - - - - -

 



 

Education

Nickel: A Battery Metal Powering the EV Revolution

Commentary: Critical Materials Start 2023 With a Bang

Critical Materials Start 2023 With a Bang

Video - Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition

Educational Video - Critical Minerals for the Clean Energy Transition

 

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 prospectus dated March 20, 2023. For the services the Adviser (Sprott Asset Management LP) 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% on assets.

5 The Nasdaq Sprott Nickel Miners™ Index (NSNIKL™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Adviser”). The Index Provider and Adviser 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 Adviser 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.

Important Disclosures

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Nickel Miners ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/nikl/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.

The Fund is not suitable for all investors. 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. An investment in the Fund involves a substantial degree of risk. 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.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Nickel 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.

The Sprott Nickel Miners ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL™).

Nasdaq®, Nasdaq Nickel Miners™ Index, and NSNIKL™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management LP is the investment advisor to the Sprott Nickel Miners ETF. ALPS Distributors, Inc. is the Distributor for the Sprott Nickel Miners ETF and is a registered broker-dealer and FINRA Member.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium -- 6 -- -- --
Days Traded at Discount -- 2 -- -- --

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).


Invest Now

You can purchase and trade shares of Sprott ETFs directly through your online brokerage firm; these firms may include:


U.S. Investors


Canadian Investors

Important Message

You are now leaving SprottETFs.com and entering a linked website.

Important Message

You are now leaving SprottETFs.com and entering a linked website. Sprott has partnered with their affiliated broker/dealer Sprott Global Resource Investments Ltd in offering Sprott ESG Gold ETF (SESG). For fact sheets, marketing materials, prospectuses, performance, expense information and other details about Sprott ESG Gold ETF, you will be directed to the Sprott website at Sprott.com/SESG.

Continue to Sprott.com/SESG

Important Message

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.

Continue