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Sprott Focus Trust

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Daily Price & Premium/Discount

As of November 1, 2024

Symbol

FUND

Net Asset Value

$8.94

NAV 1 Day Change

+$0.01

trending up 0.11%

Closing Market Price

$7.74

Market Price 1 Day Change

+$0.01

trending up 0.07%

Premium/Discount

-13.42%

Overview

Sprott Focus Trust is a closed-end fund that trades on the NASDAQ under the ticker symbol FUND. Veteran portfolio manager Whitney George manages FUND, which 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 50 positions), disciplined value approach
  • Invests in a combination of small-, mid-, and large-cap stocks
  • Pays a managed quarterly distribution currently set at 1.50% of trailing net asset value (NAV), with the fourth quarter distribution being the greater of 1.50% of the rolling average or the minimum distribution required by the IRS.

Sprott's Commitment to Stockholders

Co-Investment: Sprott Employees, Mr. George, Officers and Trustees own over 44% of Sprott Focus Trust outstanding shares.

Low Operating Expenses: Operating expenses, including advisory fee, are capped at 1.2% or less of average net assets applicable to common stockholders.

11/20/2020
Sprott Focus Trust, Inc. Implements a Share Repurchase Program

Key Facts

Nasdaq Symbol

FUND

Benchmark Index

Russell 3000 TR

CUSIP

Show CUSIP

CUSIP: 85208J109

Inception Date2

November 1, 1996

Years of History

20+

Average Market Cap¹

$3.09 Billion

Total Net Assets

$245.7 Million

Total Equity Holdings

34

Holdings ≥ 75% of Total Investments

19

Fees & Expenses

Click here.

Performance

Quarter-End Performance

Average Annual Total Returns (%) As of 9/30/2024

Q3 20243 YTD3 1 YR 3 YR 5 YR 10 YR 15 YR 20 YR SI2
Sprott Focus Trust (NAV)
6.23 5.19 15.71 7.84 11.54 7.94 8.70 8.15 9.51
Sprott Focus Trust (MKT)
4.69 1.24 9.29 5.33 10.82 7.49 8.51 7.65 9.67
Russell 3000 TR
6.23 20.63 35.19 10.29 15.26 12.83 13.80 10.61 9.76

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.

Growth of $10,000 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.



For the period ending 9/30/2024. This graph represents the growth of a hypothetical investment of $10,000 invested in Sprott Focus Trust at its inception versus its benchmark, the Russell 3000 TR Index. It assumes reinvestment of dividends and capital gains, and does not reflect redemption fees or the effects of taxes on any capital gains and/or distributions. You cannot invest directly in an index.

Calendar Year Total Returns (%)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Sprott Focus Trust (NAV) 11.84 0.08 22.9 6.8 32.7 -17.0 18.5 24.8 -11.1 0.3 19.7 11.4 -10.5 21.8 54.0 -42.7 12.2 15.8 13.7 29.3 54.3 -12.5
RUSSELL 3000 TR 25.96 -19.21 25.7 20.9 31.0 -5.2 21.1 12.7 0.5 12.6 33.6 16.4 1.0 16.9 28.3 -37.3 5.1 15.7 6.1 11.9 31.1 -21.5

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees, investment returns would have been reduced. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Fees and Expenses

Annual Fund Operating Expenses (%) as of 3/31/2024

Management Fees 1.00%
Other Expenses* 0.13%
Total Annual Fund Operating Expenses 1.13%

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

Portfolio Analytics

As of 9/30/2024

Portfolio Diagnostics

Trailing Annual Turnover

18.53%

Weighted Average P/E Ratio4

14.51x

Weighted Average P/B Ratio5

1.79x

Weighted Average Yield

2.72%

Weighted Average ROIC 6

17.98%

Weighted Average Leverage Ratio 7

1.86x

U.S. Investments (% of Net Assets)

70.08%

Non-U.S. Investments (% of Net Assets)

29.92%

Top 10 Positions (% of net assets)

Exxon Mobil Corporation 4.6
Artisan Partners Asset Management Inc. 4.5
Agnico Eagle Mines Limited 4.5
Steel Dynamics, Inc.Steel Dynamics, Inc. 4.5
Federated Hermes, Inc. 4.5
Reliance, Inc. 4.3
The Buckle, Inc 4.3
Nucor Corporation 4.2
Pason Systems Inc. 4.0
Major Drilling Group International Inc. 3.9
View all holdings

Holdings may vary, and this list is not a recommendation to buy or sell any security.

Sector Breakdown (% of net assets)

Distributions

RECORD DATE EX-DATE PAYABLE DATE INCOME ($) SHORT TERM GAINS ($) LONG TERM GAINS ($) RETURN OF CAPITAL ($) TOTAL ($) REINVEST PRICE ($)
9/16/2024 9/16/2024 9/30/2024 0.0576 0.0000 0.0042 0.0683 0.1301 7.66
6/14/2024 6/14/2024 7/1/2024 0.0193 0.0050 0.1056 0.0000 0.1299 7.42
3/14/2024 3/13/2024 3/28/2024 0.0357 0.0264 0.0328 0.0337 0.1286 7.79
12/14/2023 12/13/2023 12/28/2023 0.0369 0.0000 0.0901 0.0000 0.1270 7.90
9/15/2023 9/14/2023 9/29/2023 0.0247 0.0109 0.0153 0.0729 0.1238 7.51
6/12/2023 6/9/2023 6/27/2023 0.0435 0.0171 0.0611 0.0000 0.1217 7.88
3/13/2023 3/10/2023 3/24/2023 0.0265 0.0292 0.0347 0.0350 0.1254 7.81
12/12/2022 12/9/2022 12/22/2022 0.0000 0.0000 0.1276 0.0000 0.1276 7.985
9/12/2022 9/9/2022 9/23/2022 0.0195 0.0019 0.0107 0.1013 0.1334 7.57
6/13/2022 6/10/2022 6/24/2022 0.0506 0.0688 0.0195 0.0000 0.1389 7.50
3/14/2022 3/11/2022 3/25/2022 0.0066 0.0000 0.1293 0.0000 0.1359 8.86
12/13/2021 12/10/2021 12/23/2021 0.0000 0.2175 0.1943 0.0000 0.4118 8.25
9/13/2021 9/10/2021 9/24/2021 0.0264 0.0247 0.0741 0.0000 0.1252 8.145
6/14/2021 6/11/2021 6/25/2021 0.0320 0.0117 0.0723 0.0000 0.1160 8.27
3/15/2021 3/12/2021 3/26/2021 0.0237 0.0065 0.0742 0.0000 0.1044 8.01
12/15/2020 12/14/2020 12/23/2020 0.0000 0.0000 0.2152 0.0000 0.2152 6.93
9/15/2020 9/14/2020 9/25/2020 0.0453 0.0093 0.0524 0.0000 0.1070 6.16
6/15/2020 6/12/2020 6/26/2020 0.0591 0.0057 0.0445 0.0000 0.1093 5.86
3/13/2020 3/12/2020 3/27/2020 0.0816 0.0021 0.0322 0.0000 0.1159 4.33
12/13/2019 12/12/2019 12/27/2019 0.0090 0.0000 0.1073 0.0000 0.1163 7.23

How To Invest

Sprott Focus Trust trades on the NASDAQ under the ticker symbol FUND. You may purchase shares of Sprott Focus Trust through:

  • Authorized financial intermediaries including securities dealers and full service broker-dealers
  • The Fund’s distributor, Sprott Global Resource Investments; contact 800.477.7853
  • Registered Common Stockholders of the Fund automatically participate in its Distribution Reinvestment and Cash Purchase Plan, which allows participants to reinvest their dividend and capital gains distributions and to make optional cash purchases of shares directly through Equiserve, the Fund’s Plan Agent, on a quarterly basis. The DRIP also allows stockholders to deposit certificates representing their shares with Computershare for safekeeping.

Fund Ticker

Ticker/Exchange

FUND (NYSE)

CUSIP

85208J109

Contact Us

Financial Advisors and Individual Investors

Telephone: 888.622.1813
Email: invest@sprott.com

Institutional Investors

Contact: Glen Williams
Managing Director, Investor and
Institutional Client Relations;
Head of Corporate Communications, Sprott Inc.

General Information

Contact the Sprott Team for more information, or answers to your questions.

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