Sprott Focus Trust
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
| Symbol | Net Asset Value | 1 Day Change | Closing Market Price | 1 Day Change | Premium/Discount |
|---|---|---|---|---|---|
| FUND | $5.48 | ▼ -$0.28 (-4.86%) | $4.75 | ▼ -$0.29 (-5.75%) | -13.32% |
Performance
| Q4 2019 | YTD | 1 YR | 3 YR | 5 YR | 10 YR | 15 YR | 20 YR | Since Inception (11/11/1996) |
|
|---|---|---|---|---|---|---|---|---|---|
| FUND (NAV) | 11.70 | 32.67 | 32.67 | 9.26 | 7.67 | 7.76 | 6.98 | 9.72 | 9.49 |
| Russell 3000 TR | 9.10 | 31.02 | 31.02 | 14.57 | 11.24 | 13.42 | 9.03 | 6.39 | 8.91 |
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
| Management Fees | 1.00 |
| Other Expenses* | 0.18 |
| Total Annual Fund Operating Expenses | 1.18 |
*The Adviser has agreed to cap the operating expenses at 1.20%.
Financial Reports
2019 Annual Report
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
1 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
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 12/31/2019
| Nasdaq Symbol | FUND |
| Inception Date | 11/01/1996 |
| CUSIP | 85208J109 |
| Average Market Cap1 | $4.32 Billion |
| Net Assets | $235.3 Million |
| Years of History | 20+ |
| Total Holdings | 44 |
| Holdings at/above 75% of Total | 27 |
| U.S./Non U.S. Investments | 72.0%/28.0% |
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"
Learn More
Contact: Basia Dworak
203.636.0977
Email: bdworak@sprottusa.com
The performance data quoted represents past performance. Past performance is no guarantee of future results. All data is in U.S. dollars unless otherwise noted. The investment return and the principal value of an investment will fluctuate, and shares, if redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Sprott Focus Trust, Inc. (the “Fund”) is a closed-end investment company whose shares of common stock trade on the Nasdaq Select Market. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares of closed-end funds are sold on the open market through a stock exchange. For additional information, contact your financial advisor or call 1.203.656.2430. Investment policies, management fees and other matters of interest to prospective investors may be found in the fund’s prospectus and shareholder reports.
The Fund is a closed-end registered investment company whose shares of common stock may trade at a discount to their net asset value. Shares of the Fund’s common stock are also subject to the market risks of investing in the underlying portfolio securities held by the Fund.
Russell Investment Group is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group. The Russell 3000 index measures the performance of the largest 3,000 U.S. companies. The performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index.
Sector weightings are determined using the Global Industry Classification Standard (“GICS”). GICS was developed by, and is the exclusive property of, Standard & Poor’s Financial Services LLC (“S&P”) and MSCI Inc. (“MSCI”). GICS is the trademark of S&P and MSCI. “Global Industry Classification Standard (GICS)” and “GICS Direct” are service marks of S&P and MSCI.
NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED
Sprott Asset Management LP is the investment manager to the Fund. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada or the United States should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
Sprott Asset Management LP: Toll Free: 1.203.656.2430.
© 2020 Sprott Inc. All rights reserved.