Sprott Gold Miners ETF
ALTAR
Score™
3.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.6x P/Sales
ratio
2.9x
P/BV
ratio
1.8x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Sprott Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Sprott Zacks Gold Miners Index, which is made up of of large to mid capitalization gold companies whose stocks are listed on major U.S. exchanges.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS Advisors
Website www.alpsetfs.com
Inception date Jul 15, 2014
Assets (mns) $205
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $11,810
Large cap (>$10bn) 46.6%
Mid cap ($2-10bn) 33.0%
Small cap (<$2bn) 20.4%
Developed mkts 98.4%
Emerging mkts 1.6%

TOP TEN HOLDINGS
NEWMONT MINING CORP 16.4 %
BARRICK GOLD CORP 15.5 %
FRANCO-NEVADA CORP 10.1 %
KIRKLAND LAKE GOLD LTD. 7.6 %
B2GOLD CORP 5.1 %
ROYAL GOLD INC 4.4 %
ALAMOS GOLD INC 4.4 %
SSR MINING INC 4.1 %
ELDORADO GOLD CORP 3.9 %
TOREX GOLD RESOURCES INC. 3.5 %
Total 75.0 %

TOP COUNTRY EXPOSURE
CANADA 76.4 %
UNITED STATES 21.6 %
SOUTH AFRICA 1.8 %
BRITAIN 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.8% 30.4% 4.3% -- 0.9%

Market Correlations
versus... Beta R-squared
S&P500 -0.08 0%
MSCI EAFE 0.36 3%
MSCI Emg. Mkts. 0.47 7%

Technical Indicators
Recent close $26.92
30d moving avg. $24.51
Annualized volatility 24.9%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.6%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 38
Turnover 0.5%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $901

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SGDM Expense: 50 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SGDM
Ticker Fund
Name
Overlap1
vs SGDM
(%)
Expense
ratio
(bp)
Savings
vs SGDM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SGDM
(%)
RING iShares MSCI Global Gold Miners ETF 52.1 39 11 3.4 +0.4
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 35.9 60 -10 2.4 -0.6
NANR SPDR S&P North American Natural Resources ETF 29.3 35 15 4.6 +1.6
GOEX Global X Gold Explorers ETF 29.3 65 -15 3.6 +0.5
GDX VanEck Vectors Gold Miners ETF 26.9 52 -2 2.8 -0.2
SGDJ ALPS Sprott Junior Gold Miners ETF 16.6 50 0 3.7 +0.7
SLVP iShares MSCI Global Silver Miners ETF 11.9 39 11 1.6 -1.4
XME SPDR S&P Metals & Mining ETF 11.3 35 15 3.4 +0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 8.9 46 4 6.4 +3.3
SIL Global X Silver Miners ETF 7.8 65 -15 2.8 -0.3
MXI iShares Global Materials ETF 7.7 46 4 6.8 +3.8
IYM iShares U.S. Basic Materials ETF 7.7 42 8 7.8 +4.8
PYZ Invesco DWA Basic Materials Momentum ETF 6.8 60 -10 5.6 +2.6
GDXJ VanEck Vectors Junior Gold Miners ETF 6.6 53 -3 3.3 +0.3
EWC iShares MSCI Canada ETF 6.6 49 1 6.7 +3.7
BBCA JPMorgan BetaBuilders Canada ETF 6.6 19 31 6.9 +3.9
FLCA Franklin FTSE Canada ETF 6.2 9 41 7.2 +4.1
QCAN SPDR MSCI Canada Quality Mix ETF 6.1 14 36 6.9 +3.9
GRES IQ Global Resources ETF 6.0 77 -27 7.1 +4.1
VAW Vanguard Materials Index Fund 5.7 10 40 8.1 +5.1

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%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Sprott Gold Miners ETF
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 6.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.