SGDLX — Sprott Gold Equity Fund
Data updated: 2026-08-20
SGDLX — Sprott Gold Equity Fund. Commodity · $1.50B AUM · 1.33% expense ratio · 55.0% 1-yr return. Holdings, fees, performance and SEC filings.
SGDLX Fund Overview
SGDLX — Sprott Gold Equity Fund is a US mutual fund managed by Sprott Funds Trust, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Sprott Funds Trust
- Category: Commodity
- Assets under management: $1.50B
- 1-year return: 55.0%
- Ticker: SGDLX
- SEC CIK: 0001728683
- SEC series ID: S000067147
- Share class ID: C000216004
SGDLX Investment Objective and Strategy
Sprott Gold Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sprott Funds Trust.
Investment objective
The Sprott Gold Equity Funds (the Fund) investment objective is long-term capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in securities of companies located throughout the world, in both developed and emerging markets, that are primarily engaged in mining or processing gold. A company is primarily engaged if it earns over 50% of its revenue or profit; or has over 50% of its assets related to the mining or processing gold. The Fund may also invest in gold bullion and other precious metals, i.e., silver and platinum (Other Precious Metals). However, no more than 20% of the Funds total assets may be invested directly in gold bullion and other precious metals. The investment strategy of the Fund is value oriented and contrarian. The Fund seeks to invest in companies that have good long-term business fundamentals but are temporarily out of favor with investors, and hence have a market value lower than their intrinsic value.
The fundamental research-based value orientation of Sprott Asset Management USA, Inc. (the Adviser) helps the portfolio managers find companies which have good businesses; the Advisers contrarian orientation enables the portfolio managers to buy them at what the portfolio managers believe to be attractive prices. Value oriented means that the portfolio managers seek to invest in companies that are selling at a discount to their intrinsic value, and where business fundamentals are improving or expected to improve. 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). In general, the portfolio managers seek companies that are characterized by strong management, business franchise, competitive position and financial structure, a clear strategy, free cash flow, large insider ownership, and shareholder-oriented policies, among other things.
Contrarian means that the portfolio managers seek investment opportunities in stocks and sectors that are out of favor with investors. The portfolio managers consider a stock to be out of favor when its price has declined significantly or has lagged the relevant market index for an extended period of time and the consensus among investors does not expect improvement. In general, the portfolio managers acquire their investment ideas by identifying companies whose stock prices are down or have lagged the market. The portfolio managers then analyze the quality of their business franchise and long-term fundamentals and make a judgment regarding their intrinsic value. Alternatively, the portfolio managers may identify companies with strong long-term business fundamentals and then wait for them to fall out of favor with investors in order to buy them at a discount to intrinsic value.
The portfolio managers will purchase stocks for the Funds portfolio when they meet the above criteria and when the portfolio managers believe that they have a limited risk of further decline. The portfolio managers will sell stocks when they are no longer considered to be good values. The Fund may engage in securities lending.
SGDLX Holdings
Top 10 holdings of Sprott Gold Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| G Mining Ventures Corp | 5.43% |
| Iamgold Corp | 4.69% |
| Coeur Mining Inc | 4.64% |
| Dpm Metals Inc | 4.57% |
| Oceanagold Corp | 3.67% |
| Agnico Eagle Mines Ltd | 3.40% |
| Eldorado Gold Corp | 3.03% |
| Ramelius Resources Ltd | 2.72% |
| Montage Gold Corp | 2.67% |
| Or Royalties Inc | 2.65% |
SGDLX Portfolio Allocation
Asset-class allocation of Sprott Gold Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.9% |
| Fixed Income | 1.3% |
| Derivatives | 0.7% |
| Cash & Equivalents | 0.1% |
SGDLX Performance
Total returns for SGDLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -8.6% |
| 1 year | 55.0% |
| 3 years (annualised) | 40.4% |
| 5 years (annualised) | 18.6% |
SGDLX Risk Information
Risk metrics for SGDLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 46.8%
SGDLX Costs and Fees
SGDLX costs about $133 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.33%
- Gross expense ratio: 1.33%
- Portfolio turnover: 37%
- Brokerage commissions: 16.90 bps of average net assets (SEC N-CEN)
SGDLX Cashflows
Over the 12 months to 2026-06, Sprott Gold Equity Fund had net outflows of $336.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$24.78M |
| 2026-05 | −$21.28M |
| 2026-04 | −$19.41M |
| 2026-03 | −$34.27M |
| 2026-02 | −$42.73M |
| 2026-01 | −$47.46M |
SGDLX Debt Constituents
Largest debt holdings of Sprott Gold Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| I-80 Gold Corp | 1.33% |
SGDLX Prospectus and SEC Filings
Official Sprott Gold Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus supplement (497) — filed 2026-02-04
- Prospectus supplement (497) — filed 2026-01-29
- Portfolio holdings (N-PORT) — filed 2026-08-20
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-17
- Annual census (N-CEN) — filed 2024-03-13
Related Funds
Other Commodity 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.