Summary
Sprott Nickel Miners ETF is an ETF - a fund traded on an exchange like a stock - run by Sprott. Positions inside: 27. The ten largest make up 74% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $42.3M
- Positions
- 27
- Dividend yield
- 3.56%
- Running since
- 2023
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 74% of the fund, so its result rests on a few names.
- 95% of the fund is in one sector (Basic materials).
- Costs of 0.75% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 68% from its high.
- A small fund with $42.3M under management; small funds get closed more often.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -21%
- 3 months
- -15%
- This year
- -29%
- 1 year
- -25%
- 3 years
- -34%
- Avg. market cap
- $1.66B
- P/E
- 10.7x
- Forward P/E
- -
- P/S
- 1.5x
- P/B
- 1.4x
- P/FCF
- 19.5x
- EV/EBITDA
- 8.2x
- Dividend yield
- 2.01%
- ROIC
- -10.1%
- ROE
- -17.4%
- Gross margin
- 7.2%
- Operating margin
- -72.4%
- Net margin
- -47.4%
- Payout ratio
- 21.5%
- Net debt/EBITDA
- -0.4x
- Beta
- 1.10
Weighted average of the 23 largest companies, which make up 84% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ANPT ANTAM (Persero) Tbk ANTM.JK 14%
- 2 NINickel Industries Limited NIC.AX 13%
- 3 Merdeka Battery Materials Tbk PT 9.9%
- 4 IGIGO Limited IGO.AX 8.1%
- 5 TLTalon Metals Corp. TLO.TO 6.9%
- 6 NCPT Trimegah Bangun Persada Tbk NCKL.JK 4.4%
- 7 SRSunrise Energy Metals Limited SRL.AX 4.3%
- 8 INPT Vale Indonesia Tbk INCO.JK 4.2%
- 9 Nickel Asia Corp. 4.2%
- 10 NIMagna Mining Inc NICU.TO 4.1%
Positions in the fund: 27. The ten largest make up 74% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Basic materials 95%
- Industrials 5.1%
By country
- Indonesia 35%
- Australia 30%
- Canada 16%
- British Virgin Islands 6.9%
- Other countries 12%
By company size
- Mid cap 53%
- Small cap 22%
- Micro cap 25%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 84% of the fund.
Largest sector: Basic materials (95%). Largest country: Indonesia (35%). Largest size group: Mid cap (53%).
What does it cost me?
Expensive- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
Losing value- A year on average, 3 years
- -13%
- Deepest drop
- -68%
- Yearly volatility
- 44%
Average yearly decline over the last three years: 13%. Deepest drop in these years: 68% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.56%
- Payments a year
- 1
- Last payment
- $0.40
Over the last 12 months it paid $0.40 per share, which is 3.56% of today's price. The last payment was $0.40 on Dec 18, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $1.26M
- Shares a day
- 113K
On an average day about $1.26M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 10.7
- Average Bulios Score
- 55 out of 100
Weight by Bulios Fair Price
- Undervalued 34%
- Fairly valued 4.1%
- Overvalued 62%
On average the companies inside trade for 10.7 times their yearly profit. By Fair Price, 62% of the rated weight comes out as overvalued.
Counted from its largest companies (23), which make up 84% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.