Key stats
About Sprott Nickel Miners ETF
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Inception date
Mar 21, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Sprott Asset Management USA, Inc.
Distributor
ALPS Distributors, Inc.
NIKL provides pure-play exposure to nickel mining companies. The narrow portfolio typically holds 20 to 35 US and foreign firms that derive at least 50% of their revenue and/or assets from mining, exploration, development, and production of nickel. The fund also includes companies that invest all or a significant portion of their assets in nickel. The initial selection universe is determined using a proprietary selection methodology that may involve industry publications review and fundamental research. Eligible securities that meet the minimum market-cap and liquidity requirements are selected for index inclusion. Each constituent is assigned an intensity score depending on its revenue percentage attributable to nickel. While the index is market cap-weighted, several capping rules are implemented based on the securities initial weights for portfolio diversification. The index is reconstituted and rebalanced semi-annually in June and December.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Non-Energy Minerals
Stocks99.56%
Non-Energy Minerals99.56%
Bonds, Cash & Other0.44%
Cash0.40%
Mutual fund0.03%
Stock breakdown by region
Asia41.65%
Oceania29.76%
North America22.62%
Europe5.98%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NIKL top holdings are Nickel Industries Limited and PT Merdeka Battery Materials Tbk, occupying 16.55% and 13.00% of the portfolio correspondingly.
NIKL last dividends amounted to 0.37 USD. The year before, the issuer paid 0.08 USD in dividends, which shows a 77.80% increase.
Yes, NIKL pays dividends to its holders with the dividend yield of 3.12%. The last dividend (Dec 19, 2024) amounted to 0.37 USD. The dividends are paid annually.
NIKL shares are issued by Sprott, Inc. under the brand Sprott. The ETF was launched on Mar 21, 2023, and its management style is Passive.
NIKL expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
NIKL follows the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NIKL invests in stocks.
NIKL price has risen by 7.00% over the last month, and its yearly performance shows a −10.16% decrease. See more dynamics on NIKL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 39.08% increase in three-month performance and has decreased by −6.66% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 39.08% increase in three-month performance and has decreased by −6.66% in a year.
NIKL trades at a premium (0.49%) meaning the ETF is trading at a higher price than the calculated NAV.