Sprott Focus Trust

Now Available: Sprott Focus Trust 2019 Semi-Annual Report

Sprott Focus Trust is a closed-end fund that trades on the NASDAQ under the ticker symbol FUND. Sprott Focus Trust is managed by veteran portfolio manager Whitney George, who seeks to deliver superior performance to investors by investing with a long time horizon in high-quality businesses with strong balance sheets that are trading at attractive valuations.

Why Invest in Sprott Focus Trust?

  • Investment goal of long-term growth of capital
  • Focused portfolio (generally less than 100 positions), disciplined value approach
  • Invests primarily in small-, mid-, and large-cap stocks

Daily Price & Premium/Discount

As of 10/16/2019
Symbol Net Asset Value 1 Day Change Closing Market Price 1 Day Change Premium/Discount
FUND $7.44 -$0.02 (-0.27%) $6.62 -$0.03 (-0.45%) -11.02%


Average Annual Total Returns (%) as of 9/30/2019
Q3 2019 YTD 1 YR 3 YR 5 YR 10 YR 15 YR 20 YR Since Inception
FUND (NAV) 1.75 18.77 2.68 6.01 4.46 7.31 7.05 9.43 9.07
Russell 3000 TR 1.16 20.09 2.92 12.83 10.44 13.08 9.10 6.72 8.59

Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. NAV performance is based on the Fund's net asset value, and MKT performance is based on the Fund's market price. The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. The Fund invests a significant portion of its net assets in small-cap stocks, which may involve considerably more risk than investing in larger-cap stocks. The Fund also invests a significant portion of its assets in a limited number of stocks, which may involve considerably more risk than a more broadly diversified portfolio because a decline in the value of any one of these stocks would cause the Fund's overall value to decline to a greater degree. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency, and other risks not encountered in U.S. investments.

Fees and Expenses

Annual Fund Operating Expenses (%) as of 3/31/2019                                                 
Management Fees 1.00
Other Expenses* 0.25
Total Annual Fund Operating Expenses 1.20

*The Adviser has agreed to cap the operating expenses at 1.20%.

Financial Reports

2019 Semi-Annual Report

2018 Annual Report
2018 Semi-Annual Report

2017 Annual Report
2017 Semi-Annual Report

2016 Annual Report
2016 Semi-Annual Report

2015 Annual Report
2015 Semi-Annual Report

Disclosure Information

Geometric Average. This weighted calculation uses each portfolio holding’s market cap in a way designed to not skew the effect of very large or small holdings; instead, it aims to better identify the portfolio’s center, which Sprott believes offers a more accurate measure of average market cap than a simple mean or median.

Whitney George

Whitney George

Portfolio Manager of Sprott Focus Trust

Whitney George serves as President of Sprott Inc., Chief Investment Officer of Sprott Asset Management LP. and Chairman of Sprott U.S. Holdings, Inc. He is also a Senior Portfolio Manager at Sprott Asset Management USA. Whitney joined Sprott in 2015 Read Full Bio

FUND Quick Facts

As of 09/30/2019                                              

Nasdaq Symbol FUND
Inception Date 11/01/1996
CUSIP 85208J109
Average Market Cap1 $3.90 Billion
Net Assets $211.9 Million
Years of History 20+
Total Holdings 41
Holdings at/above 75% of Total 26
U.S./Non U.S. Investments 72.4%/27.6%

In the Media 

January 29, 2019
Whitney George Named President of Sprott

June 14, 2018
Forbes: This Rare 10.5% Dividend Won't Be Cheap For Long

May 25, 2018
Manager Interview: Whitney George on Berkshire Hathaway's 2018 AGM

March 1, 2018
Sprott US Media
"Focus: Whitney George - Value in Volatility"

December 30, 2017
Value Investor Interview with Whitney George: "Adversity to Advantage"

August 9, 2017
SmallCapPower Video Interview with Whitney George: "Top Stock Picks from Sprott's Whitney George"

March 4, 2017
MarketWatch's Interview with Whitney George: "What Apple and a Chicken Processor Have in Common for this Fund Manager"

Learn More

Contact: Basia Dworak
Email: bdworak@sprottusa.com

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