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.
Fund Basics
Fund sponsor | Sprott |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jan 02, 2023 |
Assets (mns) | $13 |
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 +
FREEPORT-MCMORAN COPPER | 5.5 % |
PILBARA MINERALS LIMITED | 4.7 % |
ALBEMARLE CORP | 4.5 % |
NATIONAL ATOMIC COMPANY KAZATOMPROM JSC | 4.2 % |
CAMECO CORP | 4.2 % |
QUIMICA Y MINERA CHIL-SP ADR | 4.2 % |
URANIUM ENERGY CORP | 4.1 % |
MP MATERIALS CORP CLASS A | 4.0 % |
LYNAS CORPORATION LIMITED | 3.9 % |
ANTOFAGASTA PLC | 3.8 % |
Constituent Breakdown
Number of holdings | 74 |
Herfindahl-Hirschman Index | 274 |
Wgt avg mkt cap (mns) | $11,694 |
Large cap (>$10bn) | 33.5% |
Mid cap ($2-10bn) | 37.0% |
Small cap (<$2bn) | 29.4% |
Developed mkts. | 88.8% |
Emerging mkts. | 11.2% |
Country Exposure
CANADA | 24.5 % | |
UNITED STATES | 22.2 % | |
AUSTRALIA | 20.3 % | |
KAZAKHSTAN | 4.2 % | |
CHILE | 4.2 % | |
BRITAIN | 3.9 % | |
INDONESIA | 2.9 % | |
HONG KONG | 1.5 % | |
PERU | 1.4 % | |
POLAND | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-8.0% | -4.2% | -- | -- | -- | -- | -7.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.96 | 32% |
MSCI EAFE | 1.05 | 47% |
MSCI Emg Mkts | 1.11 | 56% |
Liquidity Measures
Avg. volume (000) | 9 |
Turnover | 1.3% |
Avg. Bid/Ask (% of price) | 0.71% |
ADV of underlying (mns) | $2,393 |
Technical Indicators
Recent close | $17.90 |
30d moving avg. | $16.66 |
Annualized volatility | 22.5% |
Relative strength (RSI) | 53 |
Short interest (ETF) | 0.1% |
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 | 34.0% | -2 bp | +4.5% |
DMAT | Global X Disruptive Materials ETF | 30.8% | -6 bp | +4.6% |
REMX | VanEck Rare Earth/Strategic Metals ETF | 24.6% | -11 bp | +6.5% |
ION | ProShares S&P Global Core Battery Metals ETF | 22.4% | -7 bp | +6.3% |
COPX | Global X Copper Miners ETF | 22.2% | 0 bp | +1.6% |
CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 22.0% | +20 bp | +2.8% |
NLR | VanEck Uranium+Nuclear Energy ETF | 21.9% | -4 bp | -0.8% |
LITP | Sprott Lithium Miners ETF | 18.6% | 0 bp | +7.1% |
LIT | Global X Lithium & Battery Tech ETF | 17.4% | +10 bp | +4.9% |
URNJ | Sprott Junior Uranium Miners ETF | 16.2% | +15 bp | -7.7% |
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 4/25/2024
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SETM
5.3%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.3% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. SETM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SETM in the 43rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SETM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .