SGDM — Sprott Gold Miners ETF
Data updated: 2026-08-20
SGDM — Sprott Gold Miners ETF. Commodity · $558.74M AUM · 0.46% expense ratio · 41.5% 1-yr return. Holdings, fees, performance and SEC filings.
SGDM Fund Overview
SGDM — Sprott Gold Miners ETF is a US ETF 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 ETF
- Manager: Sprott Funds Trust
- Category: Commodity
- Assets under management: $558.74M
- 1-year return: 41.5%
- Ticker: SGDM
- SEC CIK: 0001728683
- SEC series ID: S000063708
- Share class ID: C000206508
SGDM Investment Objective and Strategy
Sprott Gold 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 Gold Miners ETF (the Fund or SGDM) seeks investment results that correspond (before fees and expenses) to the performance of its underlying index, the Solactive Gold Miners Custom Factors Total Return Index (ticker symbol SOLGMCFT) (the Underlying Gold Miners Index).
Principal investment strategy
The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Gold Miners Index. The Underlying Gold Miners Index aims to track the performance of gold companies located in the U.S. and Canada whose common stocks or American Depositary Receipts (ADRs) are traded on the Toronto Stock Exchange, the New York Stock Exchange and Nasdaq. The Underlying Gold Miners Index is compiled by Solactive AG (the Index Provider). In order to be included in the Underlying Gold Miners Index, companies must be an index component of the Solactive Equal Weight Global Gold Index The Solactive Equal Weight Global Gold Index includes all companies classified under any of the following FactSet RBICS industries: Americas Gold Mining, Asia/Pacific Gold Mining, Other Gold Mining and Precious Metals Streaming and Royalties that are listed on the Toronto Stock Exchange, the New York Stock Exchange and Nasdaq in the form on common stocks or ADRs.
On selection days, existing index members of the Solactive Equal Weight Global Gold Index must have free float market capitalization of USD $375 million. New index members need to have a free float market capitalization of USD $750 million. Furthermore, new index members must have a minimum Average Daily Traded Value of at least USD $2 million, while existing index members must have a minimum Average Traded Value of at least USD $1 million over the past 1-month and 6-month periods. The Underlying Gold Miners Index employs a modified market capitalization weighted methodology such that each constituent comprises no more than 18% of the weight of the Underlying Gold Miners Index as of each rebalance, no more than 50% of the weight of Underlying Gold Miners Index may consist of constituents comprising greater than 4.5% of the weight of the Underlying Gold Miners Index.
A company in the Underlying Gold Miners Index will be classified as a gold mining company if it earns over 50% of its revenue from the mining of gold. The Underlying Gold Miners Index has significant exposure to non-U.S. companies in emerging and frontier markets. The Underlying Gold Miners Index is reconstituted and rebalanced quarterly after the close of the third Friday of March, June, September, and December. Under normal circumstances, at least 80% of the Funds assets (net assets plus borrowings for investment purposes) will consist of securities issued by gold mining companies, and at least 80% of the Underlying Gold Miners Index will consist of such companies. The Fund will normally invest at least 90% of its net assets in securities that comprise the Underlying Gold Miners Index. The Fund may engage in securities lending.
SGDM Holdings
Top 10 holdings of Sprott Gold Miners ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Agnico Eagle Mines Ltd | 9.32% |
| Barrick Mining Corp | 7.78% |
| Newmont Corp | 7.10% |
| Wheaton Precious Metals Corp | 6.89% |
| Franco-nevada Corp | 5.86% |
| Kinross Gold Corp | 4.64% |
| Coeur Mining Inc | 3.79% |
| Lundin Gold Inc | 3.36% |
| Endeavour Mining Plc | 3.27% |
| Iamgold Corp | 3.16% |
SGDM Portfolio Allocation
Asset-class allocation of Sprott Gold Miners ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
SGDM Performance
Total returns for SGDM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -9.3% |
| 1 year | 41.5% |
| 3 years (annualised) | 36.1% |
| 5 years (annualised) | 18.9% |
SGDM Risk Information
Risk metrics for SGDM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 48.9%
SGDM Costs and Fees
SGDM costs about $46 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.46%
- Gross expense ratio: 0.46%
- Portfolio turnover: 59%
- Brokerage commissions: 3.92 bps of average net assets (SEC N-CEN)
SGDM Cashflows
Over the 12 months to 2026-06, Sprott Gold Miners ETF had net outflows of $18.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.40M |
| 2026-05 | −$9.77M |
| 2026-04 | −$10.91M |
| 2026-03 | −$17.97M |
| 2026-02 | $0 |
| 2026-01 | $5.96M |
SGDM Debt Constituents
No individual debt constituents are reported in Sprott Gold Miners ETF's latest SEC N-PORT filing.
SGDM Prospectus and SEC Filings
Official Sprott Gold Miners ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus supplement (497) — filed 2025-10-16
- Portfolio holdings (N-PORT) — filed 2026-08-20
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2025-03-17
- Annual census (N-CEN) — filed 2024-03-13
- Portfolio holdings, amended (N-PORT/A) — filed 2026-06-02
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.