Sprott Gold Miners ETF
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As of May 5, 2025
NAV
$41.00
NAV Daily Change
+$1.18
+2.96%
NAV Since Inception Cumulative Change1
78.59%
Ticker
SGDM
Market Price2
$40.94
Premium/Discount3
-0.15%
Total Net Asset Value
$369 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
May 5, 2025
Total Net Assets
$368,583,619.22
Shares Outstanding
8,990,000
Number of Holdings
35
Median 30 Day Bid Ask Spread
(As of 5/1/2025)
0.36%
Performance
Month-End Performance
Average Annual Total Returns (%) As of 4/30/2025
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | S.I.1 |
| Sprott Gold Miners ETF (Net Asset Value) |
9.23 | 32.32 | 48.98 | 59.64 | 12.44 | 8.91 | 5.62 |
| Sprott Gold Miners ETF (Market Price)2 |
8.93 | 32.28 | 49.01 | 59.45 | 12.42 | 8.83 | 5.60 |
| Solactive Gold Miners Custom Factors Index TR (Benchmark)5 |
9.26 | 32.54 | 49.30 | 60.64 | 13.31 | 9.75 | 6.51 |
Quarter-End Performance
Average Annual Total Returns (%) As of 3/31/2025
| Fund | 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | S.I.1 |
| Sprott Gold Miners ETF (Net Asset Value) |
16.14 | 36.39 | 36.39 | 51.35 | 6.19 | 14.91 | 4.80 |
| Sprott Gold Miners ETF (Market Price)2 |
16.12 | 36.79 | 36.79 | 51.23 | 6.09 | 14.97 | 4.81 |
| Solactive Gold Miners Custom Factors Index TR (Benchmark)5 |
16.21 | 36.64 | 36.64 | 52.27 | 7.02 | 15.72 | 5.69 |
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, 2025.
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 May 5, 2025
| CY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
| Days Traded at Premium | 60 | 21 | -- | -- | -- |
| Days Traded at Discount | 161 | 36 | -- | -- | -- |
Portfolio Characteristics*
As of 3/31/2025
| Number of Companies | 35 |
| Market Cap (millions) | $370,675.61 |
| Largest Market Cap (millions) | $54,550.05 |
| Smallest Market Cap (millions) | $977.68 |
| Weighted Avg. Company Market Cap (millions) | $23,553.16 |
| Market Cap Breakdown | |
| Large (>$10B) | 60.05% |
| Medium ($2 -$10B) | 30.14% |
| Small (<$2B) | 9.81% |
| Industry Weightings | |
| Gold | 88.90% |
| Precious Metals | 11.10% |
* Excludes cash
Company Domicile Breakdown*
As of 3/31/2025
Holdings
As of 5/05/2025
| Security | Market Value | Symbol | SEDOL | Quantity | Weight |
|---|---|---|---|---|---|
| Newmont Corp. | $48,213,147.84 | NEM | 2636607 | 908,996 | 13.08% |
| Agnico Eagle Mines Ltd. | $46,326,098.94 | AEM CN | 2009823 | 405,225 | 12.57% |
| Wheaton Precious Metals Corp. | $33,716,782.74 | WPM CN | BF13KN5 | 404,256 | 9.15% |
| Kinross Gold Corp. | $21,620,157.85 | K CN | B03Z841 | 1,490,000 | 5.87% |
| Lundin Gold Inc. | $18,653,396.35 | LUG CN | BTKSSY6 | 457,182 | 5.06% |
| Royal Gold Inc. | $17,004,140.32 | RGLD | 2755706 | 94,868 | 4.61% |
| Endeavour Mining PLC | $16,731,017.23 | EDV CN | BN7KJJ5 | 573,807 | 4.54% |
| Alamos Gold Inc. | $15,217,069.12 | AGI CN | BZ3DNP6 | 592,342 | 4.13% |
| Barrick Gold Corp. | $14,336,612.27 | ABX CN | 2024644 | 768,645 | 3.89% |
| Franco-Nevada Corp. | $13,521,189.72 | FNV CN | B29NF31 | 80,478 | 3.67% |
| Orla Mining Ltd. | $13,295,807.37 | OLA CN | BYZGJ92 | 1,239,058 | 3.61% |
| Triple Flag Precious Metals Corp. | $13,138,501.66 | TFPM CN | BJ171P4 | 608,096 | 3.56% |
| OceanaGold Corp. | $12,446,114.92 | OGC CN | B1Z7L21 | 3,596,094 | 3.38% |
| K92 Mining Inc. | $12,369,509.74 | KNT CN | BYZ2CB3 | 1,331,530 | 3.36% |
| Wesdome Gold Mines Ltd. | $11,053,509.95 | WDO CN | B0Y90N5 | 915,777 | 3.00% |
| Dundee Precious Metals Inc. | $10,774,214.26 | DPM CN | B00VD03 | 814,019 | 2.92% |
| Centerra Gold Inc. | $10,722,362.41 | CG CN | B01NXQ4 | 1,658,304 | 2.91% |
| Fortuna Mining Corp. | $10,696,703.09 | FVI CN | BPLQGB4 | 1,775,627 | 2.90% |
| Gold Fields Ltd. | $4,711,014.88 | GFI | 2416326 | 205,901 | 1.28% |
| Anglogold Ashanti PLC | $3,717,211.54 | AU | BRXH266 | 88,211 | 1.01% |
| Artemis Gold Inc. | $1,668,846.09 | ARTG CN | BKLTQ63 | 106,607 | 0.45% |
| Harmony Gold Mining Co. Ltd. | $1,652,355.18 | HMY | 2411202 | 103,726 | 0.45% |
| Torex Gold Resources Inc. | $1,668,015.05 | TXG CN | BD2NKY1 | 51,353 | 0.45% |
| Sandstorm Gold Ltd. | $1,638,273.01 | SSL CN | B7YC668 | 191,585 | 0.44% |
| Eldorado Gold Corp. | $1,566,669.54 | ELD CN | BHZJ5Y9 | 82,271 | 0.43% |
| New Gold Inc. | $1,547,396.60 | NGD CN | 2826947 | 392,851 | 0.42% |
| Osisko Gold Royalties Ltd. | $1,500,352.78 | OR CN | BN60CQ4 | 63,543 | 0.41% |
| IAMGOLD Corp. | $1,478,535.76 | IMG CN | 2446646 | 213,153 | 0.40% |
| B2Gold Corp. | $1,284,073.75 | BTO CN | B29VFC4 | 423,254 | 0.35% |
| Equinox Gold Corp. | $1,212,921.75 | EQX CN | BKLNP13 | 185,923 | 0.33% |
| SSR Mining Inc. | $1,225,545.46 | SSRM CN | BF7MPL9 | 117,054 | 0.33% |
| Pan American Silver Corp. | $1,165,610.06 | PAAS CN | 2669272 | 48,753 | 0.32% |
| Coeur Mining Inc. | $1,134,957.05 | CDE | 2208136 | 208,249 | 0.31% |
| Novagold Resources Inc. | $790,707.33 | NG CN | 2135450 | 191,587 | 0.21% |
| Seabridge Gold Inc. | $708,270.65 | SEA CN | 2246459 | 57,372 | 0.19% |
| Cash Equivalent | $76,526.96 | $76,526.96 | 0.01% |
35 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's Strength Amid a Crisis of Confidence
BY PAUL WONG · 4/4/2025
Gold's record-breaking rally in Q1 2025 reflects mounting investor anxiety over stagflation, policy volatility and a fraying global economic order. U.S. tariffs and policy unpredictability have elevated the risk of stagflation, fueling demand for gold as the lone liquid safe-haven asset. We also believe silver is potentially poised to break out.
The Return of Exter’s Inverted Pyramid
BY JOHN HATHAWAY · 4/11/2025
Gold has been rising on strong official sector demand, fueled by concerns over the U.S. dollar and global instability. While Western investors have focused on potentially overvalued stocks, gold and mining equities offer potential upside as other assets struggle.
Trump Tariffs: Disruption or Opportunity?
3/12/2025
Are tariffs set to disrupt gold, silver and uranium markets? Find out how potential trade barriers could impact prices and create arbitrage opportunities. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews John Ciampaglia, CEO of Sprott Asset Management.
How to Purchase
Invest Now
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U.S. Investors
Canadian Investors
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