Sprott Focus Trust
Daily Price & Premium/Discount
As of November 29, 2024
Symbol
FUND
Net Asset Value
$9.38
NAV 1 Day Change
+$0.04
0.43%
Closing Market Price
$8.14
Market Price 1 Day Change
+$0.05
0.62%
Premium/Discount
-13.22%
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 50% 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
Copyright 2024, American Bankers Association. CUISP Database provided by FactSet Research Systems Inc. All rights reserved.
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
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 |
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 |
Sources of Distributions Notifications
- Section 19(a) - Q3 - 2024
- Section 19(a) - Q2 - 2024
- Section 19(a) - Q1 - 2024
- Section 19(a) - Q4 - 2023
- Section 19(a) - Q3 - 2023
- Section 19(a) - Q2 - 2023
- Section 19(a) - Q1 - 2023
- Section 19(a) - Q4 - 2022
- Section 19(a) - Q3 - 2022
- Section 19(a) - Q2 - 2022
- Section 19(a) - Q1 - 2022
- Section 19(a) - Q4 - 2021
- Section 19(a) - Q3 - 2021
- Section 19(a) - Q2 - 2021
Commentary
Manager Commentary
Whitney George in the Media
February 6, 2024
GRANT's Interest Rate Observer: Radioactive-Asset Manager
February 13, 2023
Value Investor Insight: From the Ground Up
July 30, 2021
Barron's: Closed-End Funds Are on Congress’ Radar. What Investors Should Know.
October 23, 2020
2020 vs. 1968: This Too Shall Pass
May 11, 2020
Investing in a Crisis
April 2020
Record High Prices are Coming: Analysts
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
Literature
Financial Reports
- 2024 Semi-Annual Report
- 2023 Annual Report
- 2023 Semi-Annual Report
- 2022 Annual Report
- 2022 Semi-Annual Report
- 2021 Annual Report
- 2021 Semi-Annual Report
- 2020 Annual Report
- 2020 Semi-Annual Report
- 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
Press Releases
- Sep 4, 2024 Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.1301 Per Share
- Jun 4, 2024 Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Second Quarter Common Stock Distribution of $0.1299 Per Share
- Mar 4, 2024 Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.1286 Per Share
Prospectus
Fact Sheet
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.
Telephone: 416.943.4394
Email: gwilliams@sprott.com
General Information
Contact the Sprott Team for more information, or answers to your questions.
Telephone: 203.655.2400
Email: bdworak@sprottusa.com