Sprott Gold Miners ETF

Video

 

As of 5/26/2023
SGDM
NAV
$26.49
NAV Change
$0.11 (0.42%)
Market Price1
$26.49
Premium/Discount2
0.00%

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 5/26/2023
ETF Ticker SGDM
IIV Ticker SGDM.IV
Listing Exchange NYSE Arca
CUSIP 85210B 102
ISIN US85210B1026
Fund Inception July 15, 2014
Index Reconstitution Quarterly
 
Index Ticker SOLGMCFT
Total Net Assets $255,663,124.93
Shares Outstanding 9,650,000
Number of Holdings 31
Frequency Distribution of Premiums and Discounts
Median 30 Day Bid Ask Spread
(As of 5/25/2023)
0.20 %
Fees and Expenses
Annual Fund Operating Expenses*
Management Fee 0.35%
Other Expenses3 0.16%
Acquired Fund Fees and Expenses 0.04%
Total Annual Fund Operating Expenses 0.55%
Fee Waiver/Expense Reimbursement 4 -0.01%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursements 0.54%
*As of the most recent prospectus.

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

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR S.I.6
Sprott Gold Miners ETF
(Net Asset Value)
2.90 5.17 17.77 -2.50 1.67 9.07 2.45
Sprott Gold Miners ETF
(Market Price)1
2.90 4.98 17.45 -2.44 1.58 9.06 2.45
Solactive Gold Miners Custom Factors Index TR
(Benchmark)5
2.97 5.49 18.21 -1.63 2.50 10.15 3.35
S&P 500 Total Return Index
(S&P 500 Index)5
1.56 2.72 9.17 2.66 14.52 11.45 10.93

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

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR S.I.6
Sprott Gold Miners ETF
(Net Asset Value)
16.86 14.45 14.45 -12.83 13.41 8.41 2.14
Sprott Gold Miners ETF
(Market Price)1
16.97 14.14 14.14 -13.20 13.44 8.40 2.13
Solactive Gold Miners Custom Factors Index TR
(Benchmark)5
17.03 14.80 14.80 -12.06 14.19 9.48 3.03
S&P 500 Total Return Index
(S&P 500 Index)5
3.67 7.50 7.50 -7.73 18.60 11.19 10.84

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).

“Other expenses” are based on estimated amounts for the current fiscal year and are calculated as a percentage of the Fund’s net assets.

4 Sprott Asset Management LP (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 June 30, 2021. The Adviser will be permitted to recover expenses it has borne through the agreement described above to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the expense agreement. The Fund’s fee waiver/expense reimbursement arrangements with the Adviser permit the Adviser to recapture only if any such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap in effect at the time of the recapture. The Fund will not be obligated to pay any such deferred fees and expenses more than three years after the particular date in which the fees and expenses was deferred. This expense agreement may only be terminated during the period by the Board of Trustees of Sprott Funds Trust (the “Trust”). 

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.

6 Inception Date: 7/15/2014.


Portfolio Diagnostics

As of 4/28/2023

Number of Companies 29
Market Cap (millions) $281,730
Largest Market Cap (millions) $37,669
Smallest Market Cap (millions) $877
Weighted Avg. Company Market Cap (millions) $15,424
Market Cap breakdown
Large (>$10B) 46.32%
Medium ($2 -$10B) 29.71%
Small (<$2B) 23.97%
Industry Weightings
Gold 92.23%
Silver 5.47%
Precious Metals 2.30%

Company Domicile Breakdown

As of 4/28/2023

Daily Holdings

As of 5/26/2023

Security Market Value ISIN Symbol SEDOL Quantity Weight
Barrick Gold Corp. $28,221,688.49 CA0679011084 ABX CN 2024644 1,660,189 11.04%
Franco-Nevada Corp. $26,800,506.01 CA3518581051 FNV CN B29NF31 183,882 10.48%
Agnico Eagle Mines Ltd. $24,657,313.72 CA0084741085 AEM CN 2009823 483,294 9.64%
Newmont Corp. $19,375,314.48 US6516391066 NEM 2636607 476,286 7.58%
Endeavour Mining PLC $10,267,780.06 GB00BL6K5J42 EDV CN BN7KJJ5 417,848 4.02%
Torex Gold Resources Inc. $9,521,320.26 CA8910546032 TXG CN BD2NKY1 647,721 3.72%
Lundin Gold Inc. $9,331,148.58 CA5503711080 LUG CN BTKSSY6 746,300 3.65%
Alamos Gold Inc. $9,248,717.09 CA0115321089 AGI CN BZ3DNP6 748,058 3.62%
Dundee Precious Metals Inc. $9,206,931.42 CA2652692096 DPM CN B00VD03 1,333,291 3.60%
Eldorado Gold Corp. $9,203,060.36 CA2849025093 ELD CN BHZJ5Y9 903,872 3.60%
Gold Fields Ltd. $9,169,105.20 US38059T1060 GFI 2416326 626,305 3.59%
Osisko Gold Royalties Ltd. $9,115,931.77 CA68827L1013 OR CN BN60CQ4 592,884 3.57%
B2Gold Corp. $9,110,703.69 CA11777Q2099 BTO CN B29VFC4 2,431,754 3.56%
SSR Mining Inc. $8,783,264.56 CA7847301032 SSRM CN BF7MPL9 602,632 3.44%
Wesdome Gold Mines Ltd. $8,555,088.42 CA95083R1001 WDO CN B0Y90N5 1,518,333 3.35%
AngloGold Ashanti Ltd. $8,168,756.97 US0351282068 AU 2257495 348,051 3.20%
OceanaGold Corp. $8,152,497.22 CA6752221037 OGC CN B1Z7L21 3,907,601 3.19%
Novagold Resources Inc. $3,263,395.63 CA66987E2069 NG CN 2135450 616,130 1.28%
Royal Gold Inc. $3,239,031.80 US7802871084 RGLD 2755706 26,210 1.27%
IAMGOLD Corp. $3,223,217.15 CA4509131088 IMG CN 2446646 1,198,799 1.26%
Seabridge Gold Inc. $3,220,231.22 CA8119161054 SEA CN 2246459 238,885 1.26%
Centerra Gold Inc. $3,167,483.09 CA1520061021 CG CN B01NXQ4 623,985 1.24%
Harmony Gold Mining Co. Ltd. $3,161,921.84 US4132163001 HMY 2411202 678,524 1.24%
Pan American Silver Corp. $3,103,355.94 CA6979001089 PAAS CN 2669272 208,924 1.21%
Coeur Mining Inc. $3,062,286.24 US1921085049 CDE 2208136 1,024,176 1.20%
Kinross Gold Corp. $3,042,575.76 CA4969024047 K CN B03Z841 641,131 1.19%
Equinox Gold Corp. $3,025,386.10 CA29446Y5020 EQX CN BKLNP13 678,469 1.18%
K92 Mining Inc. $2,546,979.61 CA4991131083 KNT CN BYZ2CB3 577,846 1.00%
Osisko Mining Inc. $1,962,290.32 CA6882811046 OSK CN BDBCBP7 861,667 0.77%
New Gold Inc. $1,914,185.21 CA6445351068 NGD CN 2826947 1,692,003 0.75%
Cash Equivalent $841,656.72 $841,656.72 0.30%

31 total.  Subject to change.


Distributions

 

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Dividend 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

 


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 Lithium Miners ETF (LITP), Sprott Uranium Miners ETF (URNM), Sprott Junior Uranium Miners ETF (URNJ), Sprott Junior Copper Miners ETF (COPJ) 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.

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 Lithium Miners ETF Prospectus, Sprott Uranium Miners ETF Prospectus, Sprott Junior Uranium Miners ETF Prospectus, Sprott Junior Copper 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.

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

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 May 27, 2023

CY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023
Days Traded at Premium 118 36 -- -- --
Days Traded at Discount 101 23 -- -- --

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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