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SGDM

GradeBNew York Stock Exchange Arca

Sprott Gold Miners ETF

Themes · Sprott · Inception 2014-07-14 · SEC filings

$78.82−3.23 (−3.94%)

As of Sep 23, 2026, 3:06 PM EDT

Intraday session: down, 61 prints from 82.05 to 78.82. Range 78.05 to 80.03. Use the arrow keys to read each point.$78.00$78.50$79.50$80.0010 AM12 PM2 PM4 PM
Expense ratio
0.46%
Fund size
$713M
1Y return
+37.5%
Yield · Last 12 months
0.89%
Holdings
48
Volume · 30D
0M sh
NAV per share
$80.28
52W range
low $55.46high $96.50

The ETF.net SGDM Grade

B

62/ 100

Rank 7 of 18 in Precious Metals Miners⁠

Confidence High

Six-pillar profile for SGDM. Scores out of 100: Cost 68, Risk 63, Mission 82, Tradability 48, Holdings 68, Durability 58. Strongest: Mission (82). Weakest: Tradability (48). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank7/18 · top 39%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 82
    Category rank2/6 · top 33%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 63
    Category rank6/17 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank8/18 · top 44%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank7/18 · top 39%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank8/18 · top 44%

Graded as of Sep 22, 2026

Our read on SGDM

ETF.net Research

BSGDM doesn't just rank gold miners by size. It tracks a custom-factors index of roughly 50 larger miners listed in Canada and the US, and charges 0.46%, under its peer group's median fee.

Stated mandate

The fund seeks to track, before fees and expenses, the performance of the Solactive Gold Miners Custom Factors Index, which targets larger gold companies listed on Canadian and major U.S. exchanges.

Why people hold it

  1. 01Fee of 0.46% sits under the median for precious-metals miner funds, and under both GDX (0.51%) and GDXJ (0.52%).
  2. 02Rules-based and named out loud: it follows the Solactive Gold Miners Custom Factors Index (SOLGMCFT), and it has stayed close to that stated mandate.
  3. 03Running since 2014, a long life for a thematic fund, and it holds about 50 larger gold companies rather than a sprawling list.
  4. 04Lands in the upper half of the gold and silver miner group in our review, with high confidence in the underlying data.

Worth knowing

  1. 01Thinly traded next to the category's giants, so spreads can be wider and larger orders can push the price around.
  2. 02The index sticks to Canadian and major US listings, so gold miners quoted only on other exchanges sit outside the portfolio.
  3. 03One industry, driven by the gold price and how well mines actually run, so the ride is bumpier than a broad stock fund.

SGDM Holdings

As of Sep 20, 2026, 8:59 AM
Asset class
Stocks
Holdings
48
Top-10 weight
56%
Largest holding
AEM.TO9.7%

Sectors

  • Materials100.0%

Geography

  • Canada76.10%
  • United States16.67%
  • South Africa3.90%
  • United Kingdom3.21%
  • Australia0.13%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AEM.TOAgnico Eagle Mines Ltd.9.67%345,542$69M106
002NEMNewmont Corp.7.42%428,661$53M428
003ABX.TOBarrick Mining Corp.7.36%1,218,135$52M99
004WPM.TOWheaton Precious Metals Corp.7.22%341,584$51M94
005FNV.TOFranco-Nevada Corp.6.04%161,090$43M83
006K.TOKinross Gold Corp.4.47%1,135,748$32M97
007PAAS.TOPan American Silver Corp.3.69%525,391$26M81
008CDECoeur Mining Inc.3.57%1,287,983$25M206
009EDV.TOEndeavour Mining PLC3.30%377,720$24M13
010LUG.TOLundin Gold Inc.3.19%346,888$23M93
011IMG.TOIAMGOLD Corp.3.14%1,072,252$22M50
012HMYHarmony Gold Mining Co. Ltd.3.12%1,114,790$22M23
013DPM.TODPM Metals Inc.2.90%477,346$21M60
014OR.TOOR Royalties Inc.2.72%527,365$19M45
015TFPM.TOTriple Flag Precious Metals Corp.2.68%577,075$19M40

Showing 1–15 of 49 holdings

SGDM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SGDM$13,749
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SGDM $13,749. SPY $11,723. Use the arrow keys to read each point.$8,903$12,684$16,464Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SGDM. Periods over one year show the average yearly return.
PeriodSGDM
Year to date+17.8%
1 month−4.0%
3 months+22.0%
1 year+37.5%
3 years+51.4%per year
5 years+27.6%per year
10 years+13.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SGDM
YearReturn barSGDM
2026 YTD+17.8%
2025+153.4%
2024+12.2%
2023+2.3%
2022−8.2%
2021−9.1%
2020+21.8%

SGDM in the news

ETF.net Research hasn’t filed on SGDM yet — coverage lands here as it’s written.

SGDM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.89%Last 12 months
Payout per share
$0.73Last 12 months
Last payment
$0.73 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 21, 2017 $0.12; Dec 20, 2018 $0.09; Dec 19, 2019 $0.06; Dec 16, 2020 $0.09; Dec 15, 2021 $0.36; Dec 15, 2022 $0.35; Dec 14, 2023 $0.35; Dec 12, 2024 $0.29; Dec 18, 2025 $0.73. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 22, 2025$0.73
Dec 12, 2024Dec 19, 2024$0.29
Dec 14, 2023Dec 21, 2023$0.35
Dec 15, 2022Dec 22, 2022$0.35
Dec 15, 2021Dec 22, 2021$0.36
Dec 16, 2020Dec 23, 2020$0.09
Dec 19, 2019Dec 27, 2019$0.06
Dec 20, 2018Dec 27, 2018$0.09
Dec 21, 2017Dec 28, 2017$0.12
Dec 21, 2016Dec 29, 2016$0.004
Dec 23, 2015Dec 31, 2015$0.19
Dec 24, 2014Jan 2, 2015$0.05

SGDM Risk

How much the fund’s monthly returns vary, scaled to a year.
38.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.12
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−45.0%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.71
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SGDM Cost

Expense ratio0.46%
  • The middle half of Precious Metals Miners funds
  • Median 0.52%

6 of the 18 Precious Metals Miners funds charge less.

SGDM costs $46.00 a year on $10,000. The median Precious Metals Miners fund costs $51.50.