Sprott Gold Miners ETF (SGDM US) – Portfolio Construction Methodology

The underlying Solactive Gold Miners Custom Factors Total Return Index targets U.S.- and Canada-listed gold companies drawn exclusively from the Solactive Equal Weight Global Gold Index. Eligibility at each review requires exchange listings on TSX, NYSE or Nasdaq; existing members must have free-float market cap ≥ USD 375m (new entrants ≥ USD 750m) and 1- and 6-month ADTV ≥ USD 1m (new entrants ≥ USD 2m). Constituents are classified as gold miners if ≥50% of revenue is from gold. The index applies modified market-cap weighting with single-name caps of 18% and an aggregate cap such that names >4.5% represent ≤50% of the index. Selection and weighting are refreshed quarterly, with reconstitution and rebalance after the third Friday of March, June, September and December, aligning membership and weights to the latest parent-index eligible U.S. and Canadian gold miners.

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