Sprott Silver Equities Class

Exclusive investing in silver equities and bullion

Investment Team

Lead Manager: Ninepoint Partners

Sub Advisor: Sprott Asset Management 

Fund Details

Fund Status Open
Issue Price $10.00 per Unit
Distributions Ordinary Dividends Paid in December; Capital Gains Dividends Paid in February; Distributions are Reinvested Automatically
Fund Code

SPR 421 - FE (A)
SPR 422 - LL (A)
SPR 423 -  NL (F)

Inception Date 2/28/2012
Nature of Securities Shares of a Class of a Mutual Fund Corporation
Type of Fund Precious Metals Fund
Valuations Daily
Minimum Initial Investment $1000 CAD
Minimum Subsequent Investment $25 CAD
Minimum Investment Term 20 Days (1.5% Penalty)
Management Fee Up to 2.5% (Series A) Up to 1.5% (Series F)
Performance Fee 10% of Excess over the MSCI ACWI Select Silver Miners Investable Market Index
Eligible for Registered Plans Yes
Investor Risk Tolerance High

Fund Objective

The investment objective of the Fund is to seek to achieve long-term capital growth by investing primarily in equity securities of companies that are directly or indirectly involved in the exploration, mining, production or distribution of silver. The Fund can also invest in silver and silver certificates.

Unit Price (NAV - Series A)

Fund Performance as at November 30, 2017

MTD* YTD* 1 YR 3 YR 5 YR 10 YR Inception
-2.6 -18.2 -17.8 8.0 -6.9 - -9.8
*MTD & YTD as at most recent NAV

Top Ten Holdings

  1. Wheaton Precious Metals Corp.
  2. Fresnillo PLC
  3. Coeur Mining Inc.
  4. SSR Mining Inc.
  5. Pan American Silver Corp.
  6. Industrias Penoles S.A. De C.V.
  7. First Majestic Silver Corp.
  8. Hochschild Mining PLC
  9. Pretium Resources Inc.
  10. Alio Gold Inc.
Allocation data as of September 29, 2017

Why we believe silver's fundamentals are better than ever:

  • Used throughout history as a store of monetary value, silver enjoys growing investment demand due to the debasement of all fiat currencies;
  • Currently, the silver-to-gold price ratio is 50:1; however, we foresee a reversion to the historical average of 16:1;
  • Silver's value lies in its ability to preserve wealth in environments marked by negative real interest rates, government intervention, severe economic uncertainty and vulnerable banking institutions;
  • Silver's unique physical properties, such as its excellent electrical conductivity and proven effectiveness as an antiseptic and disinfectant, add to its increasing demand in industrial, electronics and medical applications;
  • World mine supply has grown only moderately over the last decade, lagging the growth in demand;
  • China used to be a large supplier of silver to the rest of the world, but is now a net importer of the metal.

 Why Invest in Sprott Silver Equities Class?

  • Silver equities provide leverage to increasing silver bullion prices in two ways: i) by increasing producers' profit margins; and ii) by incenting exploration upside;
  • We consider silver equities to be growth stocks in an environment where few other sectors are growing earnings;
  • The Class provides an ideal complement to bullion for investors interested in silver; exposure to both equities and bullion can provide better risk-adjusted returns over the long-term;
  • Share Sprott's vast access to investment opportunities, enabled by our relationships with hundreds of precious metals companies, and our location in Toronto, the mining financing capital of the world;
  • Rely on Sprott's depth of experience: Sprott has been an active investor in precious metals equities from as early as 2000;
  • As part of Sprott Corporate Class Inc., it offers the flexibility of switching to other share classes on a tax-deferred basis.

The indicated rates of return for series A/class A securities of the Funds are based on the historical annual compounded total returns including changes in unit/share value and reinvestment of all distributions or dividends and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds.