Sprott Gold Miners ETF

As of 10/22/2021
SGDM
NAV
$27.92
NAV Change
$0.23 (0.83%)
Market Price1
$27.94
Premium/Discount2
0.07%

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 10/22/2021
ETF Ticker SGDM
IIV Ticker SGDM.IV
Listing Exchange NYSE Arca
CUSIP (new) 85210B 102
ISIN US85210B1026
Fund Inception July 15, 2014
Index Reconstitution Quarterly
 
Index Ticker SOLGMCFT
Total Net Assets $234,496,103.98
Shares Outstanding 8,400,000
Number of Holdings 35
Frequency Distribution of Premiums and Discounts
Median 30 Day Bid Ask Spread
(As of 10/21/2021)
0.28 %
Fees and Expenses
Annual Fund Operating Expenses*
Management Fee 0.35%
Other Expenses3 0.17%
Total Annual Fund Operating Expenses 0.52%
Fee Waiver/Expense Reimbursement 4 -0.02%
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 9/30/2021

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR SI6
Sprott Gold Miners ETF
(Net Asset Value)
-9.47 -12.19 -18.49 -25.50 17.17 0.96 0.39
Sprott Gold Miners ETF
(Market Price)1
-9.48 -12.27 -18.73 -25.71 17.00 0.92 0.37
Solactive Gold Miners Custom Factors Index TR
(Benchmark)5
-9.41 -12.04 -18.04 -25.02 18.42 1.88 1.26
S&P 500 Total Return Index
(S&P 500 Index)5
-4.65 0.58 15.92 30.00 15.99 16.90 13.60

Quarter-End Performance
Average Annual Total Returns (%) As of 9/30/2021

Fund 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR SI6
Sprott Gold Miners ETF
(Net Asset Value)
-9.47 -12.19 -18.49 -25.50 17.17 0.96 0.39
Sprott Gold Miners ETF
(Market Price)1
-9.48 -12.27 -18.73 -25.71 17.00 0.92 0.37
Solactive Gold Miners Custom Factors Index TR
(Benchmark)5
-9.41 -12.04 -18.04 -25.02 18.42 1.88 1.26
S&P 500 Total Return Index
(S&P 500 Index)5
-4.65 0.58 15.92 30.00 15.99 16.90 13.60

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 9/30/2021

Number of Companies 34
Market Cap (millions) $214,740
Largest Market Cap (millions) $43,393
Smallest Market Cap (millions) $649
Weighted Avg. Company Market Cap (millions) $13,387
Market Cap breakdown
Large (>$10B) 43.04%
Medium ($2 -$10B) 34.05%
Small (<$2B) 22.90%
Industry Weightings
Gold 91.39%
Precious Metals 8.60%

Company Domicile Breakdown

As of 9/30/2021

Daily Holdings

As of 10/22/2021

Security ISIN Symbol SEDOL Quantity Weight
Newmont Corp. US6516391066 NEM 2636607 416,908 10.24%
Franco-Nevada Corp. CA3518581051 FNV CN B29NF31 154,614 9.46%
Barrick Gold Corp. CA0679011084 ABX CN 2024644 865,710 7.19%
Wheaton Precious Metals Corp. CA9628791027 WPM CN BF13KN5 399,383 7.05%
Kirkland Lake Gold Ltd. CA49741E1007 KL CN BD4G349 297,670 5.78%
Endeavour Mining PLC GB00BL6K5J42 EDV CN BN7KJJ5 435,386 4.75%
B2Gold Corp. CA11777Q2099 BTO CN B29VFC4 2,452,637 4.54%
Kinross Gold Corp. CA4969024047 K CN B03Z841 1,667,562 4.49%
Yamana Gold Inc. CA98462Y1007 YRI CN 2219279 2,162,438 3.97%
SSR Mining Inc. CA7847301032 SSRM CN BF7MPL9 555,964 3.87%
Alamos Gold Inc. CA0115321089 AGI CN BZ3DNP6 1,125,115 3.84%
Centerra Gold Inc. CA1520061021 CG CN B01NXQ4 1,112,335 3.80%
Pretium Resources Inc. CA74139C1023 PVG CN B57Q8S9 774,805 3.74%
Eldorado Gold Corp. CA2849025093 ELD CN BHZJ5Y9 886,197 3.65%
Royal Gold Inc. US7802871084 RGLD 2755706 86,374 3.65%
Dundee Precious Metals Inc. CA2652692096 DPM CN B00VD03 1,196,494 3.44%
Torex Gold Resources Inc. CA8910546032 TXG CN BD2NKY1 667,581 3.37%
Sandstorm Gold Ltd. CA80013R2063 SSL CN B7YC668 1,107,055 3.07%
Wesdome Gold Mines Ltd. CA95083R1001 WDO CN B0Y90N5 740,716 2.87%
Agnico Eagle Mines Ltd. CA0084741085 AEM CN 2009823 77,624 1.89%
Equinox Gold Corp. CA29446Y5020 EQX CN BKLNP13 144,002 0.48%
AngloGold Ashanti Ltd. US0351282068 AU 2257495 53,623 0.45%
Harmony Gold Mining Co. Ltd. US4132163001 HMY 2411202 246,088 0.41%
Novagold Resources Inc. CA66987E2069 NG CN 2135450 125,957 0.41%
Coeur Mining Inc. US1921085049 CDE 2208136 138,735 0.40%
Gold Fields Ltd. US38059T1060 GFI 2416326 97,750 0.40%
Hecla Mining Co. US4227041062 HL 2418601 155,844 0.39%
K92 Mining Inc. CA4991131083 KNT CN BYZ2CB3 160,251 0.39%
Osisko Gold Royalties Ltd. CA68827L1013 OR CN BN60CQ4 73,313 0.39%
Seabridge Gold Inc. CA8119161054 SEA CN 2246459 51,114 0.39%
OceanaGold Corp. CA6752221037 OGC CN B1Z7L21 496,316 0.38%
IAMGOLD Corp. CA4509131088 IMG CN 2446646 289,511 0.35%
New Gold Inc. CA6445351068 NGD CN 2826947 413,596 0.25%
Osisko Mining Inc. CA6882811046 OSK CN BDBCBP7 213,378 0.19%
Cash Equivalent $127,246.72 0.06%

35 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

 


Documents

 

An investor should consider the investment objectives, risks, charges and expenses carefully before investing. Click here to obtain a Sprott Gold Miners ETF Statutory Prospectus and Sprott Junior Gold Miners ETF Statutory Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectuses carefully before investing.

The Funds are not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Funds are 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 Gold Miners ETF and Sprott Junior Gold Miners ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 50,000 shares.

All data is in U.S. dollars unless otherwise noted. 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 a registered broker-dealer and FINRA Member.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint
Premiums/Discounts

Data updated as of Oct 23, 2021

CY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Days Traded at Premium 146 42 30 13 --
Days Traded at Discount 81 17 22 40 --

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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