SGDM Fees and Costs — Sprott Gold Miners ETF
Data updated: 2026-08-20
The net expense ratio is 0.46%: a 0.35% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $177K in broker commissions, 0.0392% of average net assets, and portfolio turnover was 59%.
SGDM Fees and Expenses
Annual operating expenses and sales charges of SGDM. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.46% |
| Fee waiver | — |
| Net expense ratio | 0.46% |
| 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 |
SGDM Costs Over Time
On $10,000 invested in SGDM, assuming 5% a year before costs, total costs come to $315 over 5 years, cutting the return by 0.52% 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 0.46%) | $48 | $151 | $264 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $315 |
| Value after costs | $10,448 | $11,404 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
SGDM 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): 0.0392%
- Total broker commissions: $177K
- Bought from dealers (principal trades, not a cost): $126.5M
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $249.9M
- Net income from securities lending: $44K (0.010% of average net assets)
SGDM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $147K | 82.82% |
| MIZUHO SECURITIES USA LLC | $30K | 17.06% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $157 | 0.09% |
| MISCHLER FINANCIAL GROUP, INC. | $45 | 0.03% |
SGDM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $76.1M | 72.32% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $19.5M | 18.51% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $9.7M | 9.17% |
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.