NIKL Fees and Costs — Sprott Nickel Miners ETF
Data updated: 2026-08-20
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0597% of average net assets, and portfolio turnover was 48%.
NIKL Fees and Expenses
Annual operating expenses and sales charges of NIKL. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NIKL Costs Over Time
On $10,000 invested in NIKL, assuming 5% a year before costs, total costs come to $508 over 5 years, cutting the return by 0.85% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $508 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
NIKL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0597%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $51.0M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $8.4M
- Net income from securities lending: $19K (0.133% of average net assets)
NIKL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $6K | 67.67% |
| MIZUHO SECURITIES USA LLC | $2K | 27.10% |
| BTIG, LLC | $280 | 3.26% |
| COWEN PRIME SERVICES LLC | $113 | 1.32% |
| Mischler Financial Group, Inc. | $56 | 0.65% |
NIKL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $24.4M | 51.10% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $22.6M | 47.32% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $557K | 1.17% |
| GOLDMAN SACHS & CO. LLC | $192K | 0.40% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $5K | 0.01% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.