Sprott Gold Miners ETF
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As of August 8, 2025
NAV
$49.56
NAV Daily Change
+$0.22
+0.45%
NAV Since Inception Cumulative Change1
115.88%
Ticker
SGDM
Market Price2
$49.59
Premium/Discount3
0.06%
Total Net Asset Value
$457.89 Million
Net Total Expense Ratio4
0.50%
Overview
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.
Key Facts
Ticker
SGDM
Listing Exchange
NYSE Arca
Benchmark Index
SOLGMCFT
Index Rebalance Frequency
Quarterly
ISIN
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ISIN: US85210B1026
Copyright 2025, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
CUSIP
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CUSIP: 85210B 102
Copyright 2025, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
Inception Date
July 14, 2014
Adviser
Sprott Asset Management USA, Inc.
Sub-Adviser
ALPS Advisors, Inc.
Distributor
ALPS Distributors, Inc.
Fees & Expenses4
| Management Fee | 0.35% |
| Other Expenses | 0.15% |
| Total Annual Fund Operating Expenses | 0.50% |
Fee Waiver/Expense Reimbursement |
0.00% |
| Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursements | 0.50% |
ETF Fund Details
August 8, 2025
Total Net Assets
$457,891,527.81
Shares Outstanding
9,240,000
Number of Holdings
37
Median 30 Day Bid Ask Spread
(As of 8/7/2025)
0.42%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 7/31/2025
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | S.I.1 |
| Sprott Gold Miners ETF (Net Asset Value) |
-1.73 | 6.90 | 59.26 | 51.53 | 26.01 | 4.77 | 6.13 |
| Sprott Gold Miners ETF (Market Price)2 |
-1.79 | 7.33 | 59.93 | 51.89 | 26.12 | 4.79 | 6.15 |
| Solactive Gold Miners Custom Factors Index TR (Benchmark)5 |
-1.70 | 7.11 | 59.91 | 52.47 | 27.01 | 5.59 | 7.02 |
Quarter-End Performance
Average Annual Total Returns (%) As of 6/30/2025
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | S.I.1 |
| Sprott Gold Miners ETF (Net Asset Value) |
4.74 | 18.82 | 62.06 | 70.86 | 24.39 | 8.56 | 6.35 |
| Sprott Gold Miners ETF (Market Price)2 |
4.80 | 19.05 | 62.85 | 71.38 | 24.50 | 8.58 | 6.37 |
| Solactive Gold Miners Custom Factors Index TR (Benchmark)5 |
4.82 | 19.06 | 62.68 | 71.99 | 25.38 | 9.38 | 7.25 |
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: 7/14/2014.
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 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, 2035.
5 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. One cannot invest directly in an index.
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: July 14, 2014.
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: July 14, 2014.
Frequency Distribution: Premium/Discount
Trading Days Each Quarter
Data updated as of August 8, 2025
| CY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
| Days Traded at Premium | 60 | 21 | 34 | -- | -- |
| Days Traded at Discount | 161 | 36 | 20 | -- | -- |
Portfolio Characteristics*
As of 6/30/2025
| Number of Companies | 37 |
| Market Cap (millions) | $432,887.01 |
| Largest Market Cap (millions) | $64,843.20 |
| Smallest Market Cap (millions) | $1,476.19 |
| Weighted Avg. Company Market Cap (millions) | $26,565.62 |
| Market Cap Breakdown | |
| Large (>$10B) | 66.68% |
| Medium ($2 -$10B) | 30.15% |
| Small (<$2B) | 3.18% |
| Industry Weightings | |
| Gold | 87.27% |
| Precious Metals | 12.73% |
* Excludes cash
Company Domicile Breakdown*
As of 6/30/2025
Holdings
As of 8/08/2025
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Newmont Corp. | $61,047,575.92 | NEM | 2636607 | 885,004 | 13.33% |
| Agnico Eagle Mines Ltd. | $54,598,940.76 | AEM CN | 2009823 | 402,435 | 11.92% |
| Wheaton Precious Metals Corp. | $40,072,166.37 | WPM CN | BF13KN5 | 397,873 | 8.75% |
| Franco-Nevada Corp. | $31,099,183.70 | FNV CN | B29NF31 | 181,222 | 6.79% |
| Kinross Gold Corp. | $26,837,747.03 | K CN | B03Z841 | 1,413,554 | 5.86% |
| Lundin Gold Inc. | $19,313,118.54 | LUG CN | BTKSSY6 | 336,713 | 4.22% |
| Pan American Silver Corp. | $18,221,791.46 | PAAS CN | 2669272 | 570,260 | 3.98% |
| Harmony Gold Mining Co. Ltd. | $16,743,219.12 | HMY | 2411202 | 1,062,387 | 3.66% |
| Royal Gold Inc. | $16,373,361.97 | RGLD | 2755706 | 96,901 | 3.58% |
| Alamos Gold Inc. | $16,367,137.21 | AGI CN | BZ3DNP6 | 625,301 | 3.57% |
| Endeavour Mining PLC | $15,099,171.93 | EDV CN | BN7KJJ5 | 457,246 | 3.30% |
| Barrick Mining Corp. | $14,665,925.71 | ABX CN | BNM23Q1 | 626,215 | 3.20% |
| Triple Flag Precious Metals Corp. | $13,975,600.69 | TFPM CN | BJ171P4 | 528,939 | 3.05% |
| Dundee Precious Metals Inc. | $13,289,482.01 | DPM CN | B00VD03 | 759,261 | 2.90% |
| OceanaGold Corp. | $13,089,325.94 | OGC CN | BQXQY26 | 798,211 | 2.86% |
| K92 Mining Inc. | $11,147,419.98 | KNT CN | BYZ2CB3 | 997,792 | 2.43% |
| Orla Mining Ltd. | $11,053,973.11 | OLA CN | BYZGJ92 | 1,094,065 | 2.41% |
| Fortuna Mining Corp. | $10,639,385.90 | FVI CN | BPLQGB4 | 1,617,363 | 2.32% |
| Centerra Gold Inc. | $10,512,553.88 | CG CN | B01NXQ4 | 1,494,075 | 2.30% |
| Wesdome Gold Mines Ltd. | $10,090,900.08 | WDO CN | B0Y90N5 | 772,111 | 2.20% |
| Anglogold Ashanti PLC | $6,832,290.96 | AU | BRXH266 | 118,988 | 1.49% |
| Gold Fields Ltd. | $5,637,362.85 | GFI | 2416326 | 180,165 | 1.23% |
| Equinox Gold Corp. | $2,362,591.41 | EQX CN | BKLNP13 | 365,617 | 0.52% |
| Coeur Mining Inc. | $1,768,446.70 | CDE | 2208136 | 151,798 | 0.39% |
| SSR Mining Inc. | $1,709,399.15 | SSRM CN | BF7MPL9 | 112,468 | 0.37% |
| OR Royalties Inc. | $1,612,866.18 | OR CN | BPJJWP1 | 52,995 | 0.35% |
| Sandstorm Gold Ltd. | $1,577,926.38 | SSL CN | B7YC668 | 151,383 | 0.34% |
| Eldorado Gold Corp. | $1,487,438.71 | ELD CN | BHZJ5Y9 | 65,820 | 0.32% |
| Artemis Gold Inc. | $1,434,514.63 | ARTG CN | BKLTQ63 | 72,690 | 0.31% |
| B2Gold Corp. | $1,352,742.55 | BTO CN | B29VFC4 | 377,492 | 0.30% |
| IAMGOLD Corp. | $1,394,800.80 | IMG CN | 2446646 | 185,580 | 0.30% |
| New Gold Inc. | $1,389,341.46 | NGD CN | 2826947 | 285,708 | 0.30% |
| G Mining Ventures Corp. | $1,249,081.59 | GMIN CN | BSWW128 | 95,468 | 0.27% |
| Torex Gold Resources Inc. | $1,179,974.85 | TXG CN | BD2NKY1 | 39,440 | 0.26% |
| Novagold Resources Inc. | $1,099,506.90 | NG CN | 2135450 | 194,178 | 0.24% |
| Skeena Resources Ltd. | $892,013.27 | SKE CN | BMDM761 | 58,271 | 0.19% |
| Seabridge Gold Inc. | $836,626.31 | SEA CN | 2246459 | 51,019 | 0.18% |
| Cash Equivalent | $-163,378.20 | $-163,378.20 | 0.01% |
37 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 |
| 12/24/2014 | 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 |
12/12/2024 |
12/12/2024 |
12/19/2024 |
- |
- |
$0.29 |
$0.29 |
Literature
Fact Sheet
Quarterly Investor Presentation
Index Rebalance
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 Reports Financial Statements and Other Important Information, June 30, 2024
- Summary Prospectus
- Statutory Prospectus
- Supplemental Prospectus
- Statement of Additional Information
- Annual Report, December 31, 2023
Commentary
Gold Miners Shine in 2025
BY SHREE KARGUTKAR · 08/06/2025
Gold and silver are up over 25% in 2025, with mining stocks surging more than 50%, yet still undervalued. We see continued upside amid inflation, geopolitical risks and strong fundamentals.
Gold and Silver Bull Run Continues
BY PAUL WONG · 7/07/2025
Gold and silver have been strong performers in 2025, with both metals up over 25% YTD as global instability drives demand for safe haven assets. Central banks are shifting away from the U.S. dollar, while silver’s breakout suggests a potential supply squeeze ahead.
Gold Gains Ground as Faith in the Dollar Erodes
BY PAUL WONG · 6/05/2025
Gold continues its rally as fading confidence in U.S. fiscal policy and the U.S. dollar drives demand for real assets. As we publish, silver is breaking out above $35, supported by structural supply deficits, renewed investor interest and mounting macroeconomic pressures.
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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
Standard Mail
Sprott ETFs
P.O. Box 1107
Denver, CO 80201
Overnight Mail
Sprott ETFs
1290 Broadway
Suite 1100
Denver, CO 80203