As of 6/21/2024
NAV
$17.24
NAV Daily Change
$-0.28 (-1.60%)
NAV Since Inception Cumulative Change1
-13.75%
Ticker/Exchange
SETM
Market Price2
$17.28
Premium/Discount3
0.23%
Total Net Assets
$15.7 Million
Net Total Expense Ratio4
0.65%

Overview

Key Points

  1. Pure-Play Critical Minerals ETF – Provides pure-play access to a range of critical minerals necessary for the global clean energy transition
  2. Increased Investment Driving Growth – Government net-zero or reduced emissions mandates lead to increased investment. Globally, $1.8T was invested in the energy transition sector in 2023
  3. Substantial Investment for the Foreseeable Future – To meet net-zero targets, global investment may need to accelerate to a yearly average of $4.8T from 2024 to 2030
  4. Well-Positioned Companies – Companies that are upstream in the supply chain may be well-positioned to benefit from the increased investment in the critical minerals necessary for the clean energy transition

The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.

††Source: Energy Transition Investment Trends 2024, BloombergNEF.

Investment Objective

Sprott Energy Transition Materials ETF (Nasdaq: SETM) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Energy Transition Materials™ Index (NSETM™). The Index is designed to track the performance of a selection of global securities in the energy transition materials industry.

Featured Insight

Sprott Energy Transition Materials Monthly
6/11/2024

SPROTT ENERGY TRANSITION MATERIALS MONTHLY

A New Copper Supercycle Is Emerging

The copper market is entering a new supercycle, built on several rising geopolitical and market trends contributing to a strong bullish outlook. Demand is surging as countries invest in clean energy and protect their access to copper, while supply is constrained by a lack of new mine development.

 

ETF Details As of 6/21/2024

 

ETF Ticker SETM
Index Ticker NSETM
Listing Exchange Nasdaq®
CUSIP
ISIN
Fund Inception1 February 1, 2023
Index Rebalance Frequency Semi-Annually in June & December
 
Total Net Assets $15,686,769.65
Shares Outstanding 910,000
Number of Holdings 110
Median 30 Day Bid Ask Spread
(As of 6/20/2024)
0.66 %
Adviser Sprott Asset Management USA, Inc.
Sponsor Sprott Asset Management LP
Sub-Adviser ALPS Advisors, Inc.
Distributor ALPS Distributors, Inc.
Fees and Expenses
Management Fee 0.65%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.65%
As of the most recent prospectus.4

Month-End Performance
Average Annual Total Returns (%) As of 5/31/2024

Fund 1 MO* 3 MO* S.I.*1
Sprott Energy Transition Materials
(Net Asset Value)
6.75 19.69 -2.04
Sprott Energy Transition Materials
(Market Price)2
6.99 20.33 -1.51
NASDAQ Sprott Energy Transition Materials™ Index
(Benchmark)5
6.65 20.14 -0.54

Quarter-End Performance
Average Annual Total Returns (%) As of 3/31/2024

Fund 1 MO* 3 MO* S.I.*1
Sprott Energy Transition Materials
(Net Asset Value)
6.09 -2.43 -11.98
Sprott Energy Transition Materials
(Market Price)2
6.02 -2.71 -11.89
NASDAQ Sprott Energy Transition Materials™ Index
(Benchmark)5
6.17 -2.36 -10.67

Performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be higher or lower than actual data quoted. Call 888.622.1813 or visit www.sprottetfs.com for current month end performance. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

* Returns less than one year are not annualized.

1 Inception Date: 2/1/2023.

2 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

3 The Premium/Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).

4 Reflects Total Annual Operating Expenses as outlined in the most recent prospectus. For the services the Adviser (Sprott Asset Management USA, Inc.) provides to the Fund, the Adviser is entitled to receive an annual advisory fee from the Fund calculated daily and paid monthly at an annual rate of 0.65% of net assets.

5 The Nasdaq Sprott Energy Transition Materials™ Index (NSETM™) was co-developed by Nasdaq® (the “Index Provider”) and Sprott Asset Management LP (the “Sponsor”). The Index Provider and Sponsor co-developed the methodology for determining the securities to be included in the Index and the Index Provider is responsible for the ongoing maintenance of the Index. The Sponsor will provide certain services in connection with the Index including contributing inputs in connection with the eligibility and process to determine the initial selection and ongoing composition of the Index constituents.

 

Market Price vs. Net Asset Value 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.

Inception date: 2/1/2023.

 

Historical Premium/Discount: Market Price to Net Asset Value

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.

Inception date: 2/1/2023.

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 164 20 -- -- --
Days Traded at Discount 53 35 -- -- --

Portfolio Characteristics

As of 5/31/2024

Number of Issuers 103
Market Cap (millions) $510,198.93
Weighted Avg. Company Market Cap (millions) $15,158.03
Market Cap Breakdown
Large (>$10B) 36.05%
Medium ($2 -$10B) 46.77%
Small (<$2B) 17.18%
Material Weightings†††
Copper Equities 31.96%
Uranium Equities 25.33%
Lithium Equities 18.94%
Rare Earths Equities 9.60%
Silver Equities 6.24%
Nickel Equities 5.07%
Manganese Equities 1.63%
Other 0.58%
Graphite Equities 0.49%
Recycling Equities 0.16%

††† Reflects equities classified by Sprott Asset Management.

Company Domicile Breakdown

As of 5/31/2024

 

Critical Minerals: Natural materials that are essential to the generation, transmission and storage of clean energy. SETM provides investors access to the miners who produce uranium, lithium, copper, nickel, silver, manganese, cobalt, graphite and rare earth elements.

Upstream Energy

Daily Holdings

As of 6/21/2024

Security Market Value Symbol SEDOL Quantity Weight
Freeport-McMoRan Inc. $795,784.92 FCX 2352118 16,057 5.07%
Cameco Corp. $786,236.22 CCJ 2158684 15,246 5.01%
Lynas Rare Earths Ltd. $770,585.91 LYC AU 6121176 191,118 4.91%
Pilbara Minerals Ltd. $693,789.09 PLS AU B2368L5 335,843 4.42%
Albemarle Corp. $653,816.62 ALB 2046853 6,907 4.17%
Sociedad Quimica y Minera de Chile SA $643,432.14 SQM 2771122 15,782 4.10%
MP Materials Corp. $536,830.56 MP BN15Y35 39,242 3.42%
NAC Kazatomprom JSC $521,869.70 KAP LI BGXQL36 12,998 3.33%
Arcadium Lithium PLC $495,140.75 ALTM BM9HZ11 152,351 3.16%
Uranium Energy Corp. $496,295.28 UEC B0VLLY2 81,094 3.16%
Antofagasta PLC $481,364.39 ANTO LN 0045614 18,493 3.07%
NexGen Energy Ltd. $419,823.60 NXE BCH0BB4 60,844 2.68%
Southern Copper Corp. $409,636.48 SCCO 2823777 3,754 2.61%
Nickel Industries Ltd. $389,094.15 NIC AU BZ7NDP2 710,019 2.48%
Denison Mines Corp. $385,850.30 DNN B0122F3 191,015 2.46%
First Quantum Minerals Ltd. $364,823.04 FM CN 2347608 29,172 2.33%
IGO Ltd. $360,739.63 IGO AU 6439567 97,326 2.30%
Aya Gold & Silver Inc. $331,284.98 AYA CN BK94091 34,170 2.11%
Paladin Energy Ltd. $295,904.93 PDN AU 6668468 33,646 1.89%
Amman Mineral Internasional PT $293,288.75 AMMN IJ BRK2Z98 438,600 1.87%
Lundin Mining Corp. $285,269.49 LUN CN 2866857 27,004 1.82%
Eramet SA $255,290.27 ERA FP 4017017 2,439 1.63%
Ivanhoe Mines Ltd. $242,322.85 IVN CN BD73C40 19,253 1.54%
Capstone Copper Corp. $232,779.84 CS CN BMY5XY9 33,179 1.48%
Energy Fuels Inc. $210,471.18 UUUU BFV4XW8 34,674 1.34%
KGHM Polska Miedz SA $196,247.05 KGH PW 5263251 5,588 1.25%
CGN Mining Co. Ltd. $189,458.51 1164 HK B755514 547,700 1.21%
SilverCrest Metals Inc. $186,244.90 SILV BYV13G6 22,630 1.19%
MAG Silver Corp. $167,556.06 MAG B01CJZ2 13,998 1.07%
Endeavour Silver Corp. $165,491.64 EXK B018TM7 44,487 1.05%
iShares MSCI India ETF $162,155.85 INDA B6XGR72 2,965 1.03%
Vale Indonesia Tbk PT $152,894.83 INCO IJ B0217K9 596,000 0.97%
Hudbay Minerals Inc. $131,938.56 HBM B05BQ98 14,976 0.84%
Ganfeng Lithium Group Co. Ltd. $127,943.01 1772 HK BZ9NS11 58,400 0.82%
Cia de Minas Buenaventura SAA $128,274.14 BVN 2210476 7,519 0.82%
Sigma Lithium Corp. $124,798.08 SGML BNM4ZD8 10,032 0.80%
Boss Energy Ltd. $120,023.30 BOE AU B1XLCQ6 43,331 0.77%
Merdeka Battery Materials Tbk PT $119,638.66 MBMA IJ BMBR1M2 3,393,200 0.76%
Silvercorp Metals Inc. $100,182.24 SVM B01DQT8 28,788 0.64%
Deep Yellow Ltd. $98,524.25 DYL AU 6480275 101,592 0.63%
Gatos Silver Inc. $95,214.69 GATO BN44WZ7 8,991 0.61%
Encore Energy Corp. $82,711.88 EU CN BN48958 20,788 0.53%
Liontown Resources Ltd. $81,512.68 LTR AU B1J89V5 131,245 0.52%
Jupiter Mines Ltd $78,390.59 JMS AU BF4J2C3 380,690 0.50%
Trimegah Bangun Persada Tbk PT $78,610.33 NCKL IJ BP69061 1,261,600 0.50%
Fission Uranium Corp. $62,244.41 FCU CN B94QMQ6 82,776 0.40%
Tianqi Lithium Corp. $60,773.70 9696 HK BMZ3RS4 20,100 0.39%
Sandfire Resources Ltd. $59,478.76 SFR AU 6739739 10,061 0.38%
Vizsla Silver Corp $58,429.20 VZLA BM9BB59 33,580 0.37%
Peninsula Energy Ltd. $57,071.46 PEN AU 6486381 747,120 0.36%
MMG Ltd. $54,063.43 1208 HK 6728793 131,870 0.34%
ERO Copper Corp. $47,148.24 ERO CN BF02Z72 2,295 0.30%
Filo Corp. $47,573.28 FIL CN BMDHMH2 2,650 0.30%
Lifezone Metals Ltd. $47,012.00 LZM BLCY1J2 5,840 0.30%
Syrah Resources Ltd. $46,343.26 SYR AU B23HV20 191,145 0.30%
GoGold Resources Inc. $46,252.35 GGD CN B60BNP0 46,929 0.29%
Arafura Rare Earths Ltd. $43,242.88 ARU AU 6711726 361,669 0.28%
Sociedad Minera Cerro Verde SAA $43,164.00 CVERDEC1 2677929 1,090 0.28%
IsoEnergy Ltd. $42,489.07 ISO CN BD5FYX1 13,020 0.27%
Lithium Americas Corp. $42,379.50 LAC BQ2LQL5 14,870 0.27%
Ur-Energy Inc. $42,068.76 URG B0WW4L2 29,836 0.27%
Lithium Americas Argentina Corp. $40,635.96 LAAC BQ2LQQ0 11,677 0.26%
Taseko Mines Ltd. $40,508.89 TGB 2592066 16,139 0.26%
Bannerman Energy Ltd. $38,636.28 BMN AU B07DXJ1 15,678 0.25%
Lotus Resources Ltd. $38,449.02 LOT AU BK6XLC1 163,052 0.25%
Minsur SA $38,851.76 MINSURI1 2595797 30,980 0.25%
Metals Acquisition Ltd. $37,972.80 MTAL BQBC846 2,930 0.24%
Sayona Mining Ltd. $38,099.68 SYA AU BBX4LR9 1,638,787 0.24%
Meteoric Resources NL $36,385.32 MEI AU B01CRT2 342,354 0.23%
Global Atomic Corp. $28,552.77 GLO CN BF11BK3 21,972 0.18%
Vulcan Energy Resources Ltd. $28,740.72 VUL AU BKYBH63 10,817 0.18%
Li-Cycle Holdings Corp. $26,245.08 LICY BMFZFG4 5,116 0.17%
Uranium Royalty Corp. $27,371.13 UROY BL7BHH8 11,549 0.17%
Atalaya Mining PLC $25,457.22 ATYM LN BYZTVM8 4,850 0.16%
Silver Mines Ltd. $24,320.07 SVL AU B1HMJH5 215,370 0.16%
Latin Resources Ltd. $24,099.06 LRS AU B44CSR2 196,109 0.15%
Newport Corp. $23,134.00 NEWP BMX73Y6 13,450 0.15%
Talga Group Ltd. $23,776.41 TLG AU B59N8P5 54,234 0.15%
Ivanhoe Electric Inc. / US $21,349.71 IE BPF0KH6 2,217 0.14%
NGEx Minerals Ltd. $22,305.97 NGEX CN BKDKBL4 3,520 0.14%
Renascor Resources Ltd. $22,662.56 RNU AU B3M6XR4 362,953 0.14%
Foran Mining Corp. $20,225.02 FOM CN 2355731 7,177 0.13%
Avino Silver & Gold Mines Ltd $18,220.80 ASM B05P311 18,980 0.12%
Core Lithium Ltd. $18,757.18 CXO AU B4XFS83 340,219 0.12%
Patriot Battery Metals Inc. $17,857.70 PMT AU BP2VWP4 47,165 0.11%
Alligator Energy Ltd. $15,062.20 AGE AU B55ZH25 436,068 0.10%
Standard Lithium Ltd. $15,946.56 SLI BF0QWN9 12,656 0.10%
Hercules Silver Corp. $13,389.84 BIG CN BNXJNY9 31,086 0.09%
Central Asia Metals PLC $14,142.50 CAML LN B67KBV2 5,563 0.09%
ioneer Ltd. $13,834.34 INR AU BGYBHZ4 138,847 0.09%
Piedmont Lithium Inc. $13,899.20 PLL BMGHM13 1,360 0.09%
Jinchuan Group International Resources Co. Ltd. $12,806.34 2362 HK 6373988 121,900 0.08%
Atlantic Lithium Ltd. $8,941.12 ALL LN BPWBM76 34,653 0.06%
American Battery Technology Co. $8,620.07 ABAT BQC80B4 8,369 0.05%
FireFly Metals Ltd $7,493.52 FFM AU BPDXXB2 14,280 0.05%
Kodal Minerals PLC $8,251.77 KOD LN BH3X7Y7 1,192,721 0.05%
Leo Lithium Ltd. $7,980.92 LLL AU BPX2X20 23,792 0.05%
Solaris Resources Inc. $7,861.43 SLS CN BMQ5701 2,740 0.05%
Winsome Resources Ltd. $7,102.68 WR1 AU BN963F5 13,366 0.05%
Argosy Minerals Ltd. $6,620.55 AGY AU 6122113 115,895 0.04%
Atlas Lithium Corp. $5,811.75 ATLX BMD4B09 615 0.04%
SolGold PLC $5,776.89 SOLG LN B0WD0R3 49,972 0.04%
Galan Lithium Ltd. $4,249.38 GLN AU BG5PWD8 37,631 0.03%
Northern Dynasty Minerals Ltd. $4,748.14 NAK B014QY6 15,987 0.03%
29Metals Ltd. $3,509.82 29M AU BNNVRL0 11,742 0.02%
Aeris Resources Ltd. $2,962.55 AIS AU BZ8W0K2 17,840 0.02%
Vale Indonesia Tbk PT $2,431.40 BSB9NN5 BSB9NN5 34,185 0.02%
Lake Resources NL $3,876.40 LKE AU 6397267 124,165 0.02%
MMG Ltd RTS $1,567.84 2451062D 52,748 0.01%
Panoramic Resources Ltd. $878.15 PAN AU 6405665 132,202 0.01%
Cash Equivalent $67,118.56 $67,118.56 0.40%

110 total, excluding cash and cash equivalents.  Subject to change.


Distributions

 

Ex-Date Record Date Payable Date Short-Term Capital Gains Long-Term Capital Gains Ordinary Income Total Distributions
12/14/2023 12/15/2023 12/21/2023 $0.01 - $0.43 $0.44

 



 

 

Education

Video - Sprott Energy Transition ETFs

Sprott Energy Transition ETFs

Podcast - Battery Materials Deep Dive

Video - The Energy Transition to Uranium and Battery Metals

Video - The Energy Transition to Uranium and Battery Metals

Video - Rethinking Energy Exposure with Mineral and Mining ETFs

Video - Rethinking Energy Exposure with Mineral and Mining ETFs

Webcast Replay: The Great Power Shift: Uranium, Battery Metals and the Energy Transition

Nuclear Plants

Video - BENZINGA: Steve Schoffstall Discusses Uranium and Energy Transition ETFs

Video - BENZINGA: Steve Schoffstall Discusses Uranium and then Energy Transition ETFs

White Paper - A New Era: How Critical Minerals are Driving the Global Energy Transition

A New Era: How Critical Minerals are Driving the Global Energy Transition

Video - Bloor Street Capital Nuclear and Uranium Conference

Video - Bloor Street Capital Nuclear and Uranium Conference

Webcast Replay - The Energy Transition Is Here. Is Your Portfolio Ready?

Podcast: 2023 Uranium Outlook: Is Nuclear Power Out of the Penalty Box?

Video - Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition

Educational Video - Critical Minerals for the Clean Energy Transition

 

Important Disclosures & Definitions

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Energy Transition Materials ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/setm/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.

The Fund is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund's shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. The Funds are con-diversified and can invest a more significant portion of assets in securities of individual issuers than a diversified fund. As a result, changes in a single investment's market value could cause more significant share price fluctuation than in a diversified fund.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Energy Transition Materials ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 10,000 shares.

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses, affect the Fund’s performance.

The Sprott Energy Transition Materials ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Energy Transition Materials Index (NSETM).

Nasdaq®, Nasdaq Sprott Energy Transition Materials Index, and NSETM are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Energy Transition Materials ETF. Sprott Asset Management LP is the Sponsor of the Fund.  ALPS Distributors, Inc. is the Distributor for Sprott Energy Transition Materials ETF and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP.

Frequency Distribution of Premiums and Discounts


NAV vs Bid/Ask Midpoint

 

Frequency Distribution: Premium/Discount

Trading Days Each Quarter
CY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium 164 20 -- -- --
Days Traded at Discount 53 35 -- -- --

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted.

The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported net asset value. The amount that the fund's market price is above the reported NAV is called the premium. The amount that the fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

*A unit that is equal to 1/100th of 1% and is used to denote the change in a financial instrument.

The Premium / Discount is the amount (stated in dollars or percent) by which the selling or purchase price of an ETF is greater than (premium) or less than (discount) its face amount/value or net asset value (NAV).


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