SETM
Sprott Energy Transition Materials ETF
SETM supports the global move to cleaner energy by tracking an index of US and foreign companies related to energy transition materials. Securities are selected based on revenue and weighted by market-cap.
US
EQUITY
Passive
MANAGEMENT STYLE
10.7 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Sprott |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 02, 2023 |
| Assets (mns) | $11 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LYNAS CORPORATION LIMITED | 5.6 % |
| CAMECO CORP | 5.5 % |
| ARCADIUM LITHIUM PLC | 5.2 % |
| MP MATERIALS CORP CLASS A | 5.1 % |
| ALBEMARLE CORP | 4.6 % |
| FREEPORT-MCMORAN COPPER | 4.5 % |
| URANIUM ENERGY CORP | 4.3 % |
| QUIMICA Y MINERA CHIL-SP ADR | 4.0 % |
| NATIONAL ATOMIC COMPANY KAZATOMPROM JSC | 3.4 % |
| PILBARA MINERALS LIMITED | 3.2 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 296 |
| Wgt avg mkt cap (mns) | $9,672 |
| Large cap (>$10bn) | 31.4% |
| Mid cap ($2-10bn) | 33.7% |
| Small cap (<$2bn) | 34.8% |
| Developed mkts. | 89.3% |
| Emerging mkts. | 10.7% |
Country Exposure
 |
CANADA | 28.6 % |
 |
UNITED STATES | 27.6 % |
 |
AUSTRALIA | 17.9 % |
 |
CHILE | 4.0 % |
 |
KAZAKHSTAN | 3.4 % |
 |
BRITAIN | 2.7 % |
 |
INDONESIA | 2.7 % |
 |
POLAND | 1.2 % |
 |
PERU | 1.2 % |
 |
HONG KONG | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -5.6% | 2.4% | -- | -- | -- | -- | -3.2% | Volatility | 33.5% | 32.7% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.53 | 7% |
| MSCI EAFE | 0.86 | 25% |
| MSCI Emg Mkts | 1.05 | 33% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.71% |
| ADV of underlying (mns) | $1,268 |
Technical Indicators
| Recent close | $15.21 |
| 30d moving avg. | $17.56 |
| Annualized volatility | 23.8% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 1.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SETM |
Expenses vs. SETM |
ALTAR Score™ vs. SETM |
|---|---|---|---|---|
| GMET | VanEck Green Metals ETF | 31.4% | -2 bp | +5.3% |
| DMAT | Global X Disruptive Materials ETF | 30.6% | -6 bp | +4.9% |
| REMX | VanEck Rare Earth/Strategic Metals ETF | 30.3% | -11 bp | +9.2% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 22.9% | +20 bp | +3.1% |
| LITP | Sprott Lithium Miners ETF | 22.2% | 0 bp | +14.3% |
| ION | ProShares S&P Global Core Battery Metals ETF | 19.7% | -7 bp | +10.8% |
| LIMI | Themes Lithium & Battery Metal Miners ETF | 19.5% | -30 bp | -1.2% |
| LIT | Global X Lithium & Battery Tech ETF | 19.1% | +10 bp | +3.2% |
| NLR | VanEck Uranium+Nuclear Energy ETF | 19.1% | -4 bp | -3.4% |
| COPX | Global X Copper Miners ETF | 18.6% | 0 bp | +2.4% |
Risk and Returns: SETM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SETM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
SETM
6.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. SETM's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places SETM in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SETMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| SETM (65 bp) Percentile rank | 91 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SETM | 65.0 | 70.9 | 135.9 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .