Sprott Funds Trust Sprott Energy Transition Materials ETF (SETM US)
SETM US$26.46
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 26.46
- Change
- ▲ 0.38 (1.46)
- Bid / Ask
- 21.95 - 26.47
- Volume
- 20,322
- Turnover
- 452,879
- Open
- 26.22
- Day Range
- 25.98 - 26.46
- VWAP
- 26.15
- Prev Close
- 26.08
- Last Trade
- 28/10 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$420.9M
OCT 2026
Distributions
Annually
Since inception
3.7 yrs
FEB 2023
- Legal name
- Sprott Critical Materials ETF
- Issuer
- Sprott
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Natural Resources
- Category index
- S&P Global Natural Resources TR USD
- Benchmark
- S&P 500 (TR) (1970)
- ETF net assets
- $420.9M
- Units on issue
- 17.1M
- Management fee
- 0.65% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 1 FEB 2023
- Listed
- 2 FEB 2023
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Critical Materials Index. The fund invests at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, production, recycling, refining, or smelting of energy transition materials; (ii) investments in energy transition materials that represent all or a significant portion of their assets. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 22.80%Non-US equity 76.84%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.64 | 99.64 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 0.36 | 0.37 | 0.01 |
| Other | 0.00 | 0.00 | 0.00 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 75.51%Sensitive 24.43%Defensive 0.06%
- Basic Materials
- 75.51%
- Consumer Cyclical
- 0.00%
- Financial Services
- 0.00%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 23.56%
- Industrials
- 0.87%
- Technology
- 0.00%
- Consumer Defensive
- 0.06%
- Healthcare
- 0.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 82.12%Emerging markets 17.88%
- North America
- 58.78%
- Latin America
- 6.56%
- United Kingdom
- 2.82%
- Europe Developed
- 0.95%
- Europe Emerging
- 1.45%
- Africa / Middle East
- 0.16%
- Japan
- 0.00%
- Australasia
- 19.45%
- Asia Developed
- 0.12%
- Asia Emerging
- 9.72%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- Canada
- 35.90%
- United States
- 22.88%
- Australia
- 19.45%
- Other Countries
- 4.32%
- Chile
- 3.37%
- Peru
- 3.19%
- China
- 2.93%
- United Kingdom
- 2.82%
- Indonesia
- 1.85%
- Poland
- 1.45%
- India
- 0.57%
- Switzerland
- 0.32%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Mid Growth
Size score
147
Small
Mid
Large
Value-growth score
286
Value
Blend
Growth
Economic moat
Wide 0%Narrow 57%None 43%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 39.25%
- Mid
- 28.64%
- Small
- 26.59%
- Micro
- 5.52%
Large 39%Mid 29%Small 27%Micro 6%
- Average market cap
- $8.26B
- Number of holdings
- 166
- Shares held
- 156
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 19.56
- Price / book
- 2.81
- Price / sales
- 4.46
- Price / cash flow
- 13.85
- Dividend yield
- 0.86%
- Assets in top 10
- 39.76%
- Return on equity
- 7.27%
- Net margin
- 15.83%
- Earnings growth (3 yr)
- 6.02%
Top holdings · top 10 = 38.93% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Freeport-McMoRan Inc FCX | 5.15 | FEB 2023 | 27.1M | USD | 387,259 | Basic Materials | United States | |
| Cameco Corp CCO | 4.89 | FEB 2023 | 25.7M | CAD | 296,992 | Energy | Canada | |
| Lynas Rare Earths Ltd LYC | 4.69 | FEB 2023 | 24.7M | AUD | 2.6M | Basic Materials | Australia | |
| PLS Group Ltd PLS | 3.86 | FEB 2023 | 20.3M | AUD | 7.6M | Basic Materials | Australia | |
| National Atomic Co Kazatomprom JSC GDR - Regulation S KAP | 3.72 | FEB 2023 | 19.6M | USD | 306,463 | Energy | Kazakhstan | |
| Teck Resources Ltd Class B (Sub Voting) TECK.B | 3.39 | DEC 2024 | 17.8M | CAD | 271,317 | Basic Materials | Canada | |
| Albemarle Corp ALB | 3.39 | FEB 2023 | 17.8M | USD | 168,439 | Basic Materials | United States | |
| Uranium Energy Corp UEC | 3.33 | FEB 2023 | 17.5M | USD | 1.9M | Energy | United States | |
| Hecla Mining Co HL | 3.29 | JUN 2026 | 17.3M | USD | 1.0M | Basic Materials | United States | |
| Sociedad Quimica Y Minera De Chile SA ADR SQM | 3.22 | JUN 2026 | 17.0M | USD | 261,355 | Basic Materials | Chile |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-14.7
3M
-5.4
6M
-9.9
YTD
2.1
1Y
19.8
3Y
20.0
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -14.75 | -14.85 | -14.70 | 94 / 121 |
| 3 months | -5.43 | -5.97 | -5.28 | 79 / 120 |
| 6 months | -9.92 | -11.43 | -9.63 | 84 / 118 |
| Year to date | 2.08 | 1.21 | 2.58 | 79 / 118 |
| 1 year | 19.77 | 18.42 | 20.55 | 52 / 117 |
| 3 years p.a. | 19.98 | 19.94 | 20.76 | 15 / 109 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2024
-13.3
2025
94.7
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 94.66 | 91.65 | 6 / 128 |
| 2024 | -13.26 | -15.01 | 84 / 125 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -2.24 | -5.73 | — | — |
| Beta | 2.08 | 1.60 | — | — |
| R-squared | 40.48 | 29.31 | — | — |
| Standard deviation | 46.38 | 35.46 | — | — |
| Sharpe ratio | 0.52 | 0.56 | — | — |
| Sortino ratio | 0.86 | 0.91 | — | — |
| Tracking error | 38.93 | 30.70 | — | — |
| Information ratio | 0.08 | -0.06 | — | — |
| Upside capture % | 265.88 | 156.20 | — | — |
| Downside capture % | 472.83 | 293.60 | — | — |
| Maximum drawdown % | -19.21 | -25.77 | — | — |
Measured against MSCI ACWI NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
119.7
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 1.078
- Est. holding cost %
- 0.134
- Market impact cost %
- 0.053
- Best quarter
- 46.79% · AUG 2025
- Worst quarter
- -17.55% · AUG 2024
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.65% p.a.
- PDS dated
- 30 APR 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.4527
- Ex Date
- 18 DEC 2025
- Record Date
- 18 DEC 2025
- Pay Date
- 22 DEC 2025
- NAV at ex date
- 27.37
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.5
2023
0.3
2022
0.4
| Year | Per unit ($) |
|---|---|
| 2024 | 0.4527 |
| 2023 | 0.3100 |
| 2022 | 0.4377 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 18 DEC 2025 | 0.4527 |
| 12 DEC 2024 | 0.3100 |
| 14 DEC 2023 | 0.4377 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
30.67
Negligible
Low
Medium
High
Severe
Category average 27.75
- Rank in category
- 75th percentile of 271 funds
- Environmental risk
- 11.89
- Social risk
- 8.05
- Governance risk
- 3.68
- Portfolio covered
- 90.8%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 10.39%
- Medium
- 42.89%
- High
- 33.02%
- Severe
- 13.71%
6.07% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
17.58
Low
Medium
High
Severe
Category average 16.75
- Carbon risk
- Medium Risk
- Rank in category
- 53rd percentile of 288 funds
- Fossil fuel involvement
- 0.38%
- Category average
- 17.84%
- Low Carbon Designation
- No
- Portfolio covered
- 90.1%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Ryan Mischker
- Kyle Kleckner
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 1.9 years
- Longest tenure
- 3.7 years
- Longest serving
- Ryan Mischker · since 1 FEB 2023
- Most recent appointment
- Kyle Kleckner · since 31 AUG 2026
- Managed since
- 1 FEB 2023
- Other funds managed
- 33
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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