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Trending ETFs

Sprott Gold Equity Fund

mutual fund
SGDLX
Payout Change
Pending
Price as of:
$47.68 -0.65 -1.34%
primary theme
Precious Metals Industry Equity
share class
SGDLX (Mutual Fund)

Sprott Gold Equity Fund

Payout Change
Pending
Price as of:
$47.68 -0.65 -1.34%
primary theme
Precious Metals Industry Equity
share class
SGDLX (Mutual Fund)

Sprott Gold Equity Fund

Payout Change
Pending
Price as of:
$47.68 -0.65 -1.34%
primary theme
Precious Metals Industry Equity
share class

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.68

$693 M

0.00%

1.49%

Vitals

YTD Return

11.6%

1 yr return

14.0%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

6.0%

Net Assets

$693 M

Holdings in Top 10

55.8%

52 WEEK LOW AND HIGH

$48.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$47.68

$693 M

0.00%

1.49%

SGDLX - Profile

Distributions

  • YTD Total Return 11.6%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -18.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Sprott Gold Equity Fund
  • Fund Family Name
    Sprott Funds Trust
  • Inception Date
    Apr 08, 2019
  • Shares Outstanding
    15256500
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    CA
  • Manager
    John Hathaway

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in securities of companies located throughout the world, in both developed and emerging markets, that are primarily engaged in mining or processing gold (“Gold Related Securities”). A company is primarily engaged if it earns over 50% of its revenue or profit; or has over 50% of its assets related to the mining or processing gold. The Fund may also invest in gold bullion and other precious metals, i.e., silver and platinum (“Other Precious Metals”). However, no more than 20% of the Fund’s total assets may be invested directly in gold bullion and other precious metals.

The investment strategy of the Fund is value oriented and contrarian. The Fund seeks to invest in companies that have good long-term business fundamentals but are temporarily out of favor with investors, and hence have a market value lower than their intrinsic value. The fundamental research-based value orientation of the adviser helps the portfolio managers find companies which have good businesses; the adviser’s contrarian orientation enables the portfolio managers to buy them at what the portfolio managers believe to be attractive prices.

Value oriented means that the portfolio managers seek to invest in companies that are selling at a discount to their intrinsic value, and where business fundamentals are improving or expected to improve. In assessing intrinsic value, the portfolio managers’ judgments will be based on a comparison of a company’s stock market value with various financial parameters, including historical and projected cash flow, book earnings, and net asset value (“NAV”). In general, the portfolio managers seek companies that are characterized by strong management, business franchise, competitive position and financial structure, a clear strategy, free cash flow, large insider ownership, and shareholder-oriented policies, among other things.

Contrarian means that the portfolio managers seek investment opportunities in stocks and sectors that are out of favor with investors. The portfolio managers consider a stock to be out of favor when its price has declined significantly or has lagged the relevant market index for an extended period of time and the consensus among investors does not expect improvement.

In general, the portfolio managers acquire their investment ideas by identifying companies whose stock prices are down or have lagged the market. The portfolio managers then analyze the quality of their business franchise and long-term fundamentals and make a judgment regarding their intrinsic value. Alternatively, the portfolio managers may identify companies with strong long-term business fundamentals and then wait for them to fall out of favor with investors in order to buy them at a discount to intrinsic value.

The portfolio managers will purchase stocks for the Fund’s portfolio when they meet the above criteria and when the portfolio managers believe that they have a limited risk of further decline. The portfolio managers will sell stocks when they are no longer considered to be good values.

The Fund may engage in securities lending.

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SGDLX - Performance

Return Ranking - Trailing

Period SGDLX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% -29.5% 16.2% 30.77%
1 Yr 14.0% -46.6% 25.7% 58.46%
3 Yr -1.9%* -20.0% 2.9% 55.38%
5 Yr 6.0%* -2.6% 11.5% 67.80%
10 Yr 0.6%* -5.4% 5.5% 86.54%

* Annualized

Return Ranking - Calendar

Period SGDLX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -19.2% 10.1% 61.54%
2022 -13.3% -32.9% -1.3% 38.46%
2021 -11.8% -51.0% 70.4% 52.31%
2020 31.8% 10.6% 63.4% 28.13%
2019 35.2% -1.0% 54.7% 70.69%

Total Return Ranking - Trailing

Period SGDLX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% -29.5% 16.2% 30.77%
1 Yr 14.0% -46.6% 25.7% 58.46%
3 Yr -1.9%* -20.0% 2.9% 55.38%
5 Yr 6.0%* -2.6% 11.5% 67.80%
10 Yr 0.6%* -5.4% 5.5% 86.54%

* Annualized

Total Return Ranking - Calendar

Period SGDLX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -19.2% 12.3% 78.46%
2022 -13.2% -32.9% 2.7% 52.31%
2021 -11.8% -23.6% 80.2% 81.54%
2020 31.8% 10.6% 70.6% 48.44%
2019 35.2% 0.7% 58.5% 86.21%

NAV & Total Return History


SGDLX - Holdings

Concentration Analysis

SGDLX Category Low Category High SGDLX % Rank
Net Assets 693 M 8.82 M 13.7 B 41.54%
Number of Holdings 58 24 265 38.46%
Net Assets in Top 10 463 M 8.84 M 8.2 B 33.85%
Weighting of Top 10 55.77% 32.6% 83.1% 46.15%

Top 10 Holdings

  1. Gold Bullion 16.26%
  2. Mount Vernon Liquid Assets Portfolio, LLC 6.22%
  3. Agnico Eagle Mines Ltd 5.49%
  4. Alamos Gold Inc 4.38%
  5. Equinox Gold Corp 4.33%
  6. Osisko Gold Royalties Ltd 4.31%
  7. Osisko Mining Inc 3.93%
  8. OceanaGold Corp 3.67%
  9. Torex Gold Resources Inc 3.61%
  10. Bellevue Gold Ltd 3.59%

Asset Allocation

Weighting Return Low Return High SGDLX % Rank
Stocks
98.40% 83.54% 120.97% 83.08%
Cash
7.34% 0.00% 18.70% 13.85%
Bonds
0.54% 0.00% 9.60% 7.69%
Other
0.07% -0.53% 14.99% 38.46%
Preferred Stocks
0.00% 0.00% 0.84% 95.38%
Convertible Bonds
0.00% 0.00% 0.00% 95.38%

Stock Sector Breakdown

Weighting Return Low Return High SGDLX % Rank
Basic Materials
100.00% 93.10% 100.00% 73.85%
Utilities
0.00% 0.00% 0.02% 95.38%
Technology
0.00% 0.00% 0.19% 95.38%
Real Estate
0.00% 0.00% 0.00% 95.38%
Industrials
0.00% 0.00% 4.56% 95.38%
Healthcare
0.00% 0.00% 0.00% 95.38%
Financial Services
0.00% 0.00% 0.14% 95.38%
Energy
0.00% 0.00% 2.88% 95.38%
Communication Services
0.00% 0.00% 0.00% 95.38%
Consumer Defense
0.00% 0.00% 0.00% 95.38%
Consumer Cyclical
0.00% 0.00% 2.75% 95.38%

Stock Geographic Breakdown

Weighting Return Low Return High SGDLX % Rank
Non US
61.99% 0.00% 94.39% 38.46%
US
36.41% 1.43% 116.42% 64.62%

Bond Sector Breakdown

Weighting Return Low Return High SGDLX % Rank
Cash & Equivalents
7.34% 0.00% 18.70% 13.85%
Derivative
0.07% -0.53% 0.56% 9.23%
Securitized
0.00% 0.00% 0.00% 95.16%
Corporate
0.00% 0.00% 97.62% 95.16%
Municipal
0.00% 0.00% 0.00% 95.16%
Government
0.00% 0.00% 0.00% 95.16%

Bond Geographic Breakdown

Weighting Return Low Return High SGDLX % Rank
US
0.54% 0.00% 9.60% 7.69%
Non US
0.00% 0.00% 0.00% 95.38%

SGDLX - Expenses

Operational Fees

SGDLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.49% 0.39% 5.11% 27.69%
Management Fee 0.90% 0.35% 1.00% 89.23%
12b-1 Fee 0.25% 0.00% 1.00% 60.00%
Administrative Fee 0.15% 0.10% 0.25% 69.23%

Sales Fees

SGDLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SGDLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 73.33%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SGDLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 114.00% 33.33%

SGDLX - Distributions

Dividend Yield Analysis

SGDLX Category Low Category High SGDLX % Rank
Dividend Yield 0.00% 0.00% 4.36% 100.00%

Dividend Distribution Analysis

SGDLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

SGDLX Category Low Category High SGDLX % Rank
Net Income Ratio -18.00% -18.00% 5.11% 100.00%

Capital Gain Distribution Analysis

SGDLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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SGDLX - Fund Manager Analysis

Managers

John Hathaway


Start Date

Tenure

Tenure Rank

Jun 29, 1998

23.94

23.9%

John Hathaway, CFA, is a Senior Portfolio Manager at Tocqueville Asset Management L.P. Mr. Hathaway joined Tocqueville in 1997 where he is a co‐portfolio manager of the Tocqueville Gold Fund as well as other investment vehicles in the Gold Equity strategy. He is also the portfolio manager of private funds. Prior to joining Tocqueville, Mr. Hathaway co‐founded and managed Hudson Capital Advisors followed by seven years with Oak Hall Advisors as the Chief Investment Officer in 1986. In 1976, he joined the investment advisory firm David J. Greene and Company, where he became a Partner. Mr. Hathaway began his career in 1970 as an Equity Analyst with Spencer Trask & Co. Mr. Hathaway earned a B.A. from Harvard College and an M.B.A. from the University of Virginia. Mr. Hathaway is also the Chairman of Tocqueville Management Corporation, the General Partner of Tocqueville. He also holds the CFA designation.

Douglas Groh


Start Date

Tenure

Tenure Rank

Jan 01, 2012

10.42

10.4%

Douglas B. Groh is a Portfolio Manager at Tocqueville Asset Management L.P. He joined Tocqueville in 2003. Prior to joining Tocqueville, Mr. Groh was Director of Investment Research at Grove Capital from 2001 to 2003 and from 1990 to 2001 held investment research and banking positions at J.P. Morgan, Merrill Lynch and ING Bank. Mr. Groh began his career as a mining and precious metals analyst in 1985 at U.S. Global Investors. Mr. Groh earned a B.S. in Geology and Geophysics from the University of Wisconsin-Madison and an M.A. from the University of Texas at Austin, where he focused on mineral economics.

Maria Smirnova


Start Date

Tenure

Tenure Rank

Dec 09, 2020

1.47

1.5%

Maria joined Sprott Asset Management LP as a Research Associate in May 2005, and was appointed Associate Portfolio Manager in February 2010, Portfolio Manager in March 2014 and Senior Portfolio Manager in May 2017. She began her career at Excel Funds Management as Operations Manager, and subsequently worked in Product Development at Fidelity Investments. Maria holds an MBA degree from the Rotman School of Management and a Bachelor of Commerce degree from the University of Toronto. She has been a CFA charterholder since 2002.

Shree Kargutkar


Start Date

Tenure

Tenure Rank

Dec 09, 2020

1.47

1.5%

Shree began his career at Sprott Asset Management LP in May 2010 as an Analyst Intern. Subsequently, he joined the firm as a full-time analyst and was then promoted to an Associate Portfolio Manager. In 2017, Shree was promoted to the role of Portfolio Manager. Shree develops long and short ideas across various geographies and markets. He also leverages his expertise in derivatives across various mandates and implements strategies for risk mitigation, income generation and improving upside capture.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.25 34.34 11.89 24.93