Sprott Active Metals & Miners ETF
Data updated: 2026-08-20
C000263362 — Sprott Active Metals & Miners ETF. Developed ex-US Mid Cap Blend / Core Materials Equity. Holdings, fees, performance and SEC filings.
C000263362 Fund Overview
Sprott Active Metals & Miners ETF is a US ETF managed by Sprott Funds Trust, categorised as Developed ex-US Mid Cap Blend / Core Materials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Sprott Funds Trust
- Category: Developed ex-US Mid Cap Blend / Core Materials Equity
- Assets under management: $85.48M
- SEC CIK: 0001728683
- SEC series ID: S000094818
- Share class ID: C000263362
C000263362 Investment Objective and Strategy
Sprott Active Metals & Miners ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sprott Funds Trust.
Investment objective
The Sprott Active Metals & Miners ETF (the Fund or METL) seeks to provide long-term capital appreciation.
Principal investment strategy
The Fund, which is actively managed, seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of (i) companies that are engaged in the mining, exploration, production, development, distribution or recycling of metals and raw materials (described below) that frequently are used to support growing global demand for energy and (ii) royalty and streaming companies engaged in financing such metals and raw materials. This investment policy may be changed without shareholder approval, upon 60 days notice to shareholders. Eligible companies derive at least 50% of their revenue and/or assets from these activities. The Fund through investments in companies seeks to provide exposure to various metals and raw materials such as aluminum, cobalt, copper, gold, graphite, iron ore, lithium and nickel, manganese, palladium, platinum, rare earth elements, silver, steel, uranium, and zinc.
Metal royalty and streaming companies provide financing to mining companies, often to fund construction, expansion or exploration, in exchange for rights to a portion of future production or revenue. Royalties entitle them to a percentage of revenue, or less frequently profit, while streams allow them to purchase a share of the mined metal at a fixed, discounted price. Eligible companies are identified through the use of a proprietary selection methodology that may include a review of industry publications, sell side research, and fundamental research, as well as meetings with management. The investment strategy of the Fund is value oriented and contrarian. The Fund seeks to invest in undervalued companies that the portfolio managers believe to have good long-term business fundamentals and/or growth potential, but are temporarily out of favor with investors and hence have a market value lower than their intrinsic value.
In assessing intrinsic value, the portfolio managers judgments will be based on a comparison of a companys stock market value with various financial parameters, including historical and projected cash flow, book earnings, and net asset value (NAV). The fundamental research-based, value orientation of the Adviser assists the portfolio managers in finding companies with intrinsic value. The Advisers contrarian orientation enables the portfolio managers to buy securities of companies at what the portfolio managers believe to be attractive prices. Contrarian means that the portfolio managers seek investment opportunities in stocks and sectors that are out of favor with investors. Position sizes will typically range between 0.5% to 15% of the Funds net assets. The portfolio managers will purchase stocks for the Fund when they meet the above criteria.
A decision to sell stocks can occur for many reasons but fundamentally because the stock is trading above its estimated intrinsic value. Sell discipline considerations incorporate shortfalls of performance relative to the portfolio managers internally established benchmarks, unsustainable short-term outperformance or tactical trims based on position size for risk management purposes. The Fund may invest in foreign companies, including companies in emerging markets (i.e. those that generally are in the early stages of their industrial cycles). The Fund may invest a significant portion of its assets in securities of companies in a single country or region, such as Australia, Brazil, Canada, Mexico, New Zealand, South Africa, the United Kingdom, and the United States. The Fund may invest in companies of any size or market capitalization range.
The Fund is non-diversified and may invest a greater portion of its assets in a particular issuer than a diversified fund. The Fund will concentrate its investments in companies in the mining industry. The Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. The Fund may engage in securities lending.
C000263362 Holdings
Top 10 holdings of Sprott Active Metals & Miners ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Nucor Corp | 4.43% |
| Lithium Argentina Ag | 4.16% |
| Cameco Corp | 4.15% |
| Hudbay Minerals Inc | 3.92% |
| Steel Dynamics Inc | 3.86% |
| Major Drilling Group International Inc | 3.83% |
| Nexgen Energy Ltd | 3.82% |
| Lynas Rare Earths Ltd | 3.81% |
| Denison Mines Corp | 3.56% |
| Reliance Inc | 3.43% |
C000263362 Portfolio Allocation
Asset-class allocation of Sprott Active Metals & Miners ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.8% |
| Cash & Equivalents | 3.2% |
C000263362 Performance
Total returns for C000263362 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.2% |
C000263362 Costs and Fees
C000263362 costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 0.99%
- Portfolio turnover: 6%
- Brokerage commissions: 0.54 bps of average net assets (SEC N-CEN)
C000263362 Cashflows
Over the 12 months to 2026-06, Sprott Active Metals & Miners ETF had net inflows of $87.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $0 |
| 2026-05 | $857.39K |
| 2026-04 | $5.52M |
| 2026-03 | −$11.70M |
| 2026-02 | $11.95M |
| 2026-01 | $41.15M |
C000263362 Debt Constituents
No individual debt constituents are reported in Sprott Active Metals & Miners ETF's latest SEC N-PORT filing.
C000263362 Prospectus and SEC Filings
Official Sprott Active Metals & Miners ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-09-04
- Prospectus supplement (497) — filed 2025-09-11
- Portfolio holdings (N-PORT) — filed 2026-08-20
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Portfolio holdings, amended (N-PORT/A) — filed 2026-06-02
- Annual census, amended (N-CEN/A) — filed 2026-03-17
Related Funds
Other Developed ex-US Mid Cap Blend / Core Materials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.