On Thursday, Sprott released the next fund to join its ETF roster, the Sprott Active Gold & Silver Miners ETF (GBUG). GBUG is now trading on the Nasdaq.
An actively managed fund, GBUB looks to offer long term capital appreciation for its investors. Notably, GBUG is the first active ETF within Sprott’s fund library. The fund operates with a net expense ratio of 89 basis points.
Broadly speaking, the vast majority of GBUG’s investments go towards companies focused on gold and silver. This includes those engaged in, among others, mining, developing, exploring, and financing operations in relation to gold and silver.
A Value-Driven and Contrarian Approach
Behind GBUG’s portfolio is a two-step investing approach. First, the fund takes a value focus, seeking out companies with strong fundamentals and good growth potential.
From there, GBUG takes a contrarian perspective. In doing so, the fund looks for companies and sectors that may be out of favor with the broader investing community. While these companies may be out of favor, GBUG looks strong with good management structures, competitive positions, and strong strategies, among others.
GBUG may also choose to invest in companies tied to foreign countries. This may include especially significant exposure to Brazil, Canada, Mexico, Australia, New Zealand, South Africa, and the United Kingdom. Furthermore, GBUG may also invest in companies from emerging markets.
“Given the operational complexities of mining, investors may benefit from an active ETF strategy focused on long-term business fundamentals and growth potential,” added Whitney George, Sprott Chief Executive Officer. “The Fund’s investment team is experienced. The team has more than 100 years of collective experience in metals and mining, and it conducts more than 200 management meetings annually, along with periodic site visits to mining operations around the globe.”
Expert Industry Experience
With more than eleven ETFs listed in the United States, Sprott offers a number of strategies to bolster exposure to different minerals. These Sprott funds have over $2.1 billion in assets under management.
For more news, information, and analysis, visit the Gold/Silver/Critical Minerals Channel.
An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing, which can also be found by clicking one of the links below.
Past performance is no guarantee of future results. One cannot invest directly in an index. 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.
Sprott Asset Management USA, Inc. is the Investment Adviser to the ETFs. ALPS Distributors, Inc. is the Distributor for the ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP or VettaFi.
Exchange Traded Funds (ETFs): SETM, LITP, URNM, URNJ, COPP, COPJ, NIKL, SGDM and SGDJ
