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Sprott

Sprott Parent Rating

Average

Sprott's focus on a niche area of the market and some mixed characteristics lead to an Average Parent rating.

This firm has undergone several changes in the past five years. In 2017, the firm spun off the non-precious-metals vehicles it had launched over the prior decade, and founder Eric Sprott retired. Getting back to its roots, the firm has since consolidated one of Canada's gold exchange-traded funds into its own and acquired a gold ETF, a silver ETF, and a U.S.-based, actively managed open-end mutual fund focused on gold-mining stocks. Sprott has recently expanded its lineup to include critical minerals, namely a uranium ETF and a physical platinum and palladium trust, but the firm remains largely focused on precious metals.

A relatively deep investment team manages this niche lineup. In 2022, 25-year industry veteran John Ciampaglia took over as Sprott Asset Management's CEO from Whitney George after George became Sprott Inc.'s CEO. That said, George remains involved in investment management, and an experienced 12-person team remains, including John Hathaway and Doug Groh, who came aboard as part of the firm's 2020 acquisition of Tocqueville's gold strategies. These resources could give the firm an edge, but key-person risk remains given the long tenures of Hathaway and George. Further, the firm's niche focus creates potential for large swings in both assets and performance.

Sprott Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

845.88 Mil

Investment Flows (TTM)

−81.17 Mil

Asset Growth Rate (TTM)

−8.63%

# of Share Classes

2
Morningstar Rating # of Share Classes
0
0
2
0
0
Not Rated 0
Name
Morningstar Rating Overall
5-Year Category Rank
Sprott Gold Equity Institutional60
Sprott Gold Equity Investor64

Exchange-Traded Funds

See All Sprott ETFs

Market

US ETFs

Total Net Assets

2.40 Bil

Investment Flows (TTM)

562.95 Mil

Asset Growth Rate (TTM)

43.77%

# of Share Classes

9
Morningstar Rating # of Share Classes
0
1
1
1
0
Not Rated 6

Morningstar Mentions

Investors lean on Treasury and large-blend stock portfolios as markets slump in September to close out the quarter.

The disappointing year highlights the risks of investing in gold-equity funds.

Quick Definitions: Key Morningstar Terms

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