ALPS Sprott Junior Gold Miners
ALTAR
Score™
2.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
22.2x P/Sales
ratio
1.8x
P/BV
ratio
1.4x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Sprott Junior Gold Miners ETF tracks an index of US- and Canada-listed small-cap gold and silver miner stocks. The index selects firms by market cap and weights them by revenue growth and relative price momentum.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS
Website www.sprottetfs.com
Inception date Mar 31, 2015
Assets (mns) $54
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 49
Wgt avg mkt cap (mns) $929
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 98.8%
Developed mkts 84.9%
Emerging mkts 15.2%

TOP TEN HOLDINGS
KOZA ALTIN ISLETMELERI AS 6.8 %
CENTAMIN EGYPT LTD 5.4 %
WESDOME GOLD MINES LTD 5.1 %
LUNDIN GOLD INC. 5.0 %
ANEKA TAMBANG TBK PT 4.8 %
REGIS RESOURCES LTD 4.6 %
PERSEUS MINING LTD 4.6 %
SARACEN MINERAL HOLDINGS LTD 4.6 %
HOCHSCHILD MINING PLC 3.9 %
HIGHLAND GOLD MINING LTD 3.7 %
Total 48.7 %

TOP COUNTRY EXPOSURE
CANADA 34.3 %
AUSTRALIA 28.9 %
BRITAIN 18.2 %
TURKEY 6.4 %
INDONESIA 4.3 %
UNITED STATES 2.9 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.4% 40.5% -- -- 9.6%

Market Correlations
versus... Beta R-squared
S&P500 -0.15 1%
MSCI EAFE 0.28 1%
MSCI Emg. Mkts. 0.44 5%

Technical Indicators
Recent close $30.97
30d moving avg. $30.85
Annualized volatility 26.4%
Short interest (ETF) 0.7%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.0%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $213

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the ALPS Sprott Junior Gold Miners ETF based on the alternatives' overlap in portfolio holdings with SGDJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SGDJ Expense: 50 bp ALTAR Score™: 2.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SGDJ
Ticker Fund
Name
Overlap1
vs SGDJ
(%)
Expense
ratio
(bp)
Savings
vs SGDJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SGDJ
(%)
GOEX Global X Gold Explorers 46.2 65 -15 2.3 +0.2
GDXJ VanEck Vectors Jr. Gold Miners 21.4 53 -3 2.4 +0.3
GOAU U.S. Global GO GOLD and Precious Metal Miners 17.9 60 -10 3.6 +1.5
SLVP iShares MSCI Global Silver Miners 9.2 39 11 0.5 -1.6
RING iShares MSCI Global Gold Miners 9.0 39 11 2.9 +0.8
SGDM Sprott Gold Miners 7.2 50 0 2.8 +0.7
GDX VanEck Vectors Gold Miners ETF 6.9 52 -2 2.5 +0.4
SILJ ETFMG Prime Junior Silver 6.8 69 -19 -0.8 -2.8
RSXJ VanEck Vectors Russia Small 6.2 76 -26 9.1 +7.0
SIL Global X Silver Miners ETF 4.3 65 -15 1.7 -0.4
EGPT VanEck Vectors Egypt Index 4.2 98 -48 7.8 +5.7
EPU iShares MSCI All Peru Capped 3.5 59 -9 4.3 +2.2
AVDV Avantis International Small Cap Value 2.0 36 14 7.0 +5.0
ISCF iShares FactorSelect MSCI Intl Small-Cap 2.0 40 10 6.9 +4.8
XME SPDR Metals & Mining ETF 2.0 35 15 2.2 +0.1
TUR iShares MSCI Turkey Investable 1.9 59 -9 16.4 +14.3
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 1.8 80 -30 9.1 +7.1
GWX SPDR International SmallCap 1.5 40 10 4.6 +2.6
ISDS Invesco Strategic Developed ex-US Small Company 1.4 35 15 5.1 +3.0
BATT Amplify Advanced Battery Metals & Materials 1.4 72 -22 1.3 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
ALPS Sprott Junior Gold Miners
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.31 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.