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Security Profile
- Security Type
- Index ETF
- CUSIP
- 00162Q643
- Market Cap
- Micro Cap · $39 Million
- IPO
- 7/15/2014
Fund Description: Sprott Gold Miners ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ALPS ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Sprott Gold Miners ETF seeks to track investment results that correspond, before fees and expenses, generally to the performance of the Sprott Zacks Gold Miners Index. INDEX DESCRIPTION: The Sprott Zacks Gold Miners Index aims to track the performance of gold and silver mining companies whose stocks are traded on major U.S. exchanges. In addition to common stock or American Depository Receipts (ADRs) of gold mining companies, the Index may include common stock or ADRs of silver mining companies. The Index is compiled by Zacks Index Services (the Index Provider). The Index employs a modified market capitalization weighted methodology such that each constituent comprises no more than 18% of the weight of the Index as of each rebalance, provided that, as of each rebalance, no more than 45% of the weight of the Index may consist of constituents comprising greater than 5% of the weight of the Index. The Index is reconstituted and rebalanced quarterly after the close of the third Friday of February, May, August and November. In order to be included in the Index, gold or silver mining companies must be traded on one or more major U.S. exchanges, have a minimum per share price of $2 and have a minimum market capitalization of at least $1 billion. At least 80% of the Index (by weight) must consist of gold mining companies while no more than 20% may consist of silver mining companies. FUND STRATEGY: The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund will normally invest at least 90% of its net assets in securities that comprise the Index. As a non-principal investment strategy, the Fund may invest its remaining assets in other instruments in seeking performance that corresponds to the Index, and to manage cash flows. Such instruments may include money market instruments, including repurchase agreements or other funds which invest exclusively in money market instruments, convertible securities, structured notes. forward foreign currency exchange contracts and in swaps, options and futures contracts. Under normal conditions, the Fund generally will invest in all of the securities that comprise the Index in proportion to their weightings in the Index; however, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in those weightings. In those circumstances, the Fund may purchase a sample of the securities in the Index or utilize various combinations of other available investment techniques in seeking performance which corresponds to the performance of the Index. FUND MANAGEMENT: ALPS Advisors, Inc. serves as the investment adviser to the Fund.
Company Contact
- Headquarters
- 1290 Broadway, Suite 1100, Denver, CO 80203
- Phone
- 303-623-2577 · Toll-Free 855-215-1425
- Investor Relations
- 855-215-1425 · invest@sprott.com