Sprott Gold Miners ETF

Video

 

As of 2/28/2024
SGDM
NAV
$20.79
NAV Change
$-0.23 (-1.09%)
Market Price1
$20.78
Premium/Discount2
-0.05%

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 2/28/2024
ETF Ticker SGDM
IIV Ticker SGDM.IV
Listing Exchange NYSE Arca
CUSIP
ISIN
Fund Inception July 15, 2014
Index Reconstitution Quarterly
 
Index Ticker SOLGMCFT
Total Net Assets $188,380,413.13
Shares Outstanding 9,060,000
Number of Holdings 33
Frequency Distribution of Premiums and Discounts
Median 30 Day Bid Ask Spread
(As of 2/27/2024)
0.32 %
Fees and Expenses*
Management Fee 0.35%
Other Expenses 0.16%
Total Annual Fund Operating Expenses 0.51%
Fee Waiver/Expense Reimbursement 3 0.01%
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursements 0.50%
*As of the most recent prospectus.

Month-End Performance
Average Annual Total Returns (%) As of 1/31/2024

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR S.I.5
Sprott Gold Miners ETF
(Net Asset Value)
-9.31 -1.62 -9.31 -16.84 -6.39 4.39 -0.23
Sprott Gold Miners ETF
(Market Price)1
-9.27 -1.50 -9.27 -16.93 -6.40 4.48 -0.23
Solactive Gold Miners Custom Factors Index TR
(Benchmark)4
-9.30 -1.43 -9.30 -16.14 -5.64 5.42 0.63
S&P 500 Total Return Index
(S&P 500 Index)4
1.68 16.01 1.68 20.82 10.99 14.30 11.91

Quarter-End Performance
Average Annual Total Returns (%) As of 12/31/2023

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR S.I.5
Sprott Gold Miners ETF
(Net Asset Value)
-0.66 11.04 2.68 2.68 -5.08 8.39 0.81
Sprott Gold Miners ETF
(Market Price)1
-1.16 10.95 2.43 2.43 -5.13 8.43 0.80
Solactive Gold Miners Custom Factors Index TR
(Benchmark)4
-0.60 11.26 3.61 3.61 -4.28 9.47 1.68
S&P 500 Total Return Index
(S&P 500 Index)4
4.54 11.69 26.29 26.29 10.00 15.69 11.83

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).

3 Sprott Asset Management USA, Inc. (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 April 30, 2024. See the most recent prospectus for more information.

4 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.

5 Inception Date: 7/15/2014.


Portfolio Diagnostics

As of 1/31/2024

Number of Companies 32
Market Cap (millions) $194,650.36
Largest Market Cap (millions) $39,772.52
Smallest Market Cap (millions) $673.79
Weighted Avg. Company Market Cap (millions) $13,538.28
Market Cap breakdown
Large (>$10B) 44.10%
Medium ($2 -$10B) 22.13%
Small (<$2B) 33.77%
Industry Weightings
Gold 83.24%
Precious Metals 16.76%

Company Domicile Breakdown

As of 1/31/2024

Daily Holdings

As of 2/28/2024

Security Market Value Symbol SEDOL Quantity Weight
Barrick Gold Corp. $23,008,461.31 ABX CN 2024644 1,606,509 12.21%
Agnico Eagle Mines Ltd. $22,209,173.56 AEM CN 2009823 462,569 11.79%
Newmont Corp. $20,928,146.67 NEM 2636607 700,641 11.11%
Franco-Nevada Corp. $19,236,528.90 FNV CN B29NF31 183,233 10.21%
Royal Gold Inc. $9,255,882.30 RGLD 2755706 91,371 4.91%
Alamos Gold Inc. $8,716,298.20 AGI CN BZ3DNP6 755,496 4.63%
Pan American Silver Corp. $8,359,197.85 PAAS CN 2669272 684,340 4.44%
Endeavour Mining PLC $8,239,716.06 EDV CN BN7KJJ5 510,460 4.37%
Lundin Gold Inc. $7,228,990.52 LUG CN BTKSSY6 636,334 3.84%
B2Gold Corp. $7,198,525.77 BTO CN B29VFC4 3,062,984 3.82%
Osisko Gold Royalties Ltd. $7,029,795.88 OR CN BN60CQ4 510,808 3.73%
Dundee Precious Metals Inc. $6,323,660.29 DPM CN B00VD03 969,878 3.36%
Centerra Gold Inc. $5,931,115.53 CG CN B01NXQ4 1,189,158 3.15%
Torex Gold Resources Inc. $5,866,901.77 TXG CN BD2NKY1 575,393 3.11%
Orla Mining Ltd. $5,597,075.77 OLA CN BYZGJ92 1,722,719 2.97%
SSR Mining Inc. $5,283,077.29 SSRM CN BF7MPL9 1,232,128 2.80%
OceanaGold Corp. $4,831,855.01 OGC CN B1Z7L21 3,123,104 2.56%
Gold Fields Ltd. $4,107,513.84 GFI 2416326 330,186 2.18%
Wesdome Gold Mines Ltd. $1,495,935.46 WDO CN B0Y90N5 225,612 0.79%
Anglogold Ashanti PLC $780,877.58 AU BRXH266 43,358 0.41%
IAMGOLD Corp. $744,926.14 IMG CN 2446646 288,893 0.40%
Harmony Gold Mining Co. Ltd. $726,311.67 HMY 2411202 131,817 0.39%
Seabridge Gold Inc. $730,157.69 SEA CN 2246459 65,461 0.39%
Kinross Gold Corp. $688,664.31 K CN B03Z841 143,809 0.37%
Eldorado Gold Corp. $679,756.48 ELD CN BHZJ5Y9 66,957 0.36%
Coeur Mining Inc. $662,141.90 CDE 2208136 270,262 0.35%
Equinox Gold Corp. $635,542.29 EQX CN BKLNP13 160,047 0.34%
K92 Mining Inc. $632,647.67 KNT CN BYZ2CB3 155,566 0.34%
Fortuna Silver Mines Inc. $515,503.12 FVI CN 2383033 195,452 0.27%
Novagold Resources Inc. $499,545.94 NG CN 2135450 213,226 0.27%
New Gold Inc. $514,638.08 NGD CN 2826947 436,590 0.27%
Osisko Mining Inc. $429,466.50 OSK CN BDBCBP7 236,966 0.23%
Cash Equivalent $-707,618.22 $-707,618.22 -0.37%

33 total.  Subject to change.


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Ordinary 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
12/14/2023 12/15/2023 12/21/2023 - - $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.

Investors in these Funds should be willing to accept a high degree of volatility in the price of the Funds' shares and the possibility of significant losses. An investment in the Funds involves a substantial degree of risk. The Funds are not suitable for all investors. The Funds are non-diversified and can invest a more significant portion of assets in securities of individual issuers than diversified funds. As a result, changes in a single investment’s market value could cause more significant share price fluctuation than in diversified funds.

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.

Nasdaq®, Nasdaq Sprott Energy Transition Materials™ Index, Nasdaq Sprott Lithium Miners™ Index, Nasdaq Sprott Junior Uranium Miners™ Index, Nasdaq Sprott Junior Copper Miners™ Index, Nasdaq Sprott Nickel Miners™ Index, NSETM™, NSLITP™ , NSURNJ™, NSCOPJ™ 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 USA, Inc. is the Adviser to the Sprott ETF. Sprott Asset Management LP is the Sponsor of the Fund. ALPS Distributors, Inc. is the Distributor for the Sprott Funds Trust and is a registered broker-dealer and FINRA Member.

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 Feb 28, 2024

CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 86 -- -- -- --
Days Traded at Discount 137 -- -- -- --

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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