Sprott Silver Bullion Fund
Investment Team
Sprott Asset Management
Fund Details
| Fund Status | Open |
| Distributions | Income and capital gains distributed annually (if any) Distributions are reinvested automatically |
| Fund Code | SPR 316 - (A) SPR 326 - (F) |
| Inception Date | 5/9/2011 |
| Nature of Securities | Mutual Fund Trust Units |
| Type of Fund | Precious Metals Fund |
| Valuations | Daily |
| Redemptions | Daily |
| Minimum Initial Investment | $1,000 CDN |
| Minimum Subsequent Investment | $100 CDN |
| Minimum Investment Term | 30 days (1% penalty) |
| Management Fee | 1.30% Annual - (A) 0.85% Annual - (F) |
| Performance Fee | No Performance Fee |
| Eligible for Registered Plans | Yes |
| Investor Risk Tolerance | Low - Medium |
| Service Fee |
0.45% per annum paid monthly - (A) |
Fund Objective
The investment objective of Sprott Silver Bullion Fund is to seek to provide a secure, convenient alternative for investors seeking to hold silver. The Fund will invest primarily in unencumbered, fully allocated silver bullion and silver certificates. The Fund may also invest a portion of its assets in cash, money market instruments and/or treasury bills.The indicated rates of return for series A/class A securities of the Funds are based on the historical annual compounded total returns including changes in unit/share value and reinvestment of all distributions or dividends and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds.
Why Invest in Silver?
"All that glitters is gold was written when gold was still considered a relic in financial circles. We believe silver will be this decade's gold, and judging by the recent price action, it's already off to a great start." - Eric Sprott, Markets at a Glance, All That Glitters is Silver, November 2010
Silver bullion may assist in protecting a portfolio from currency devaluation and inflation. Silver has been used throughout human history as a store of monetary value, and as such enjoys investment demand for its monetary utility. Silver's unique qualities also make it considerably useful in a large number of industrial applications, thus making it one of the few monetary metals that also enjoy a commodity driven demand profile.
• Increasing instability in the U.S. dollar
• Disproportionate silver investment in relation to gold
• Significant short positions
• Limited physical supply
• Increasing investment demand for physical silver
• Silver's unique fundamentals