Sprott Gold Miners ETF (03AR)
XBER 
ARCA Primary XBER Summary
03AR Chart
SGDM: Gold Mining Companies Are Incredibly Profitable And Very Cheap
The Sprott Gold Miners ETF offers exposure to large, profitable gold miners with very wide margins and attractive valuations. SGDM's holdings are trading at significant discounts to the S&P 500, despite median sector profit margins of 31% and robust cash flows. Gold miners remain cash flow positive even with moderate gold price declines, as all-in costs are well below current gold prices.
Here's the Gold Miner ETF to Buy for the Metal's Next Run Higher
Gold miners just handed investors a sharp reminder of how volatile the space can be.
Debasement and Liquidity Stress: Two Gold Drivers in 2026
The ongoing debasement trade and liquidity stress are two drivers for gold in 2026, according to a recent Sprott Precious Metals Report. For investors fearing they may have missed out on the gold rally, these drivers could prove otherwise.
Sprott Gold Miners ETF (03AR) FAQ
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Sprott Gold Miners ETF Profile
| XBER Exchange | US Country |
Overview
The company is centered around an index fund focusing specifically on the gold sector, with a geographical emphasis on companies based in the U.S. and Canada. This focus aligns the company's operations within the precious metals industry, targeting investments in entities whose common stocks or American Depositary Receipts (ADRs) are actively traded on major stock exchanges such as the Toronto Stock Exchange, the New York Stock Exchange, and NASDAQ. This strategic positioning allows the company to offer investors targeted exposure to the gold industry. The investment strategy involves allocating at least 90% of its net assets directly into securities that are part of the underlying index, ensuring a high degree of correlation with the performance of gold companies. The company adopts a non-diversified fund approach, which may involve higher risks and rewards due to the concentration of investments in the gold sector.
Products and Services
- Index Fund Targeting Gold Companies
This product is the cornerstone of the company's offerings, designed to track the performance of gold companies primarily located in the U.S. and Canada. It aims to replicate the returns of the underlying index by investing in common stocks or ADRs of companies engaged in the gold industry. Investors seeking targeted exposure to the gold sector may find this index fund an attractive option due to its specific focus and potential for returns aligned with gold market dynamics.
- Investment in Stocks and ADRs Traded on Major Exchanges
The company strategically invests in securities that are traded on notable stock exchanges such as the Toronto Stock Exchange, the New York Stock Exchange, and NASDAQ. This approach provides investors with the reassurance that their investments are in liquid and regulated markets, potentially reducing the risk associated with less transparent or lower volume trading venues. It also allows for ease of access to investments linked to the gold sector, facilitating participation by a broader range of investors.
- Non-Diversified Fund Strategy
By focusing on a non-diversified fund strategy, the company takes a concentrated approach to investing in the gold sector. This strategy potentially offers higher returns to investors due to the concentrated exposure to the gold industry's performance but also comes with a higher level of risk. This approach may appeal to investors with a higher risk tolerance and a specific interest in the gold sector, seeking to capitalize on the industry's dynamics and performance.
