Separately Managed Accounts
Sprott Real Asset Value+ Strategy
The Sprott Real Asset Value+ Strategy is designed as a flexible, value-oriented Strategy consistent with Sprott's contrarian philosophy.
- Objective: Above-average* total returns over a 5yr+ investment horizon
- Actively managed and designed to provide investors diversification and value-add to their overall portfolio.
- A highly differentiated, concentrated portfolio positioned from the top-down with investments selected from the bottom-up.
Target Exposures
Agribusiness
Target Range:20-40%
- Inputs
- Equipment
- Farmland
- Handling & Storage
- Processing
- Food Companies
Energy
Target Range:20-35%
- Exploration & Production
- Refineries
- Storage, Processing & Transportation
- Energy Services
Metals/Mining
Target Range:15-35%
- Royalty Streaming
- Diversified Mining
- Precious Metals Mining
Selection Process
Approach
We believe real asset businesses rarely maintain any pricing power and must rely on their business structure or unique assets to generate above-average returns on capital.
In our view, identifying the value drivers of a company helps us evaluate its potential for persistent excess returns.
Assessment
Reviewing historic and present financial and operating data helps ground future expectations of growth and returns in realistic probabilities.
Understanding potential long-term outcomes of a business allows us to look beyond market noise and the current period's earnings report.
Analysis
Seeking to avoid costly pitfalls of traditional discounted cash flow models, our method starts with the market price and attempts to solve for the stock's implied expectations for the company's growth, operating margins and returns on new investments.
When combined with an assessment of management, growth prospects and the business' resiliency, web believe we have a clearer view of the investment risks and opportunities.
* There is no guarantee the Strategy's objectives will be met. "Above-average" refers to the Strategy's performance relative to benchmark performance on the previous slide. While actively managed strategies generally strive for higher returns, they often incur higher fees and take greater risks than their passively managed counterparts.
Account Details
| Fund Structure | Separately Managed Account (U.S. Domiciled) |
| Subscriptions | Daily; Open Ended Structure |
| Redemptions | Daily |
| Management Fee | 1.5% of Assets Under Management |
| Performance Fee | No Performance Fee or Commission Charges |
| Custodian | Interactive Brokers |
| Minimum | USD $100,000 |
| Investor Eligibility | Open to U.S. and Select International Investors |
Relative to other sectors, precious metals and natural resources investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.
Past performance is no guarantee of future results. You cannot invest directly in an index. Investments, commentary, and opinions are unique and may not be reflective of any other Sprott entity or affiliate. Forward-looking language should not be construed as predictive. While third-party sources are believed to be reliable, Sprott makes no guarantee as to their accuracy or timeliness. This information does not constitute an offer or solicitation and may not be relied upon or considered to be the rendering of tax, legal, accounting or professional advice.