A HISTORY OF OUTPERFORMANCE

Sprott Silver Equities Class

Exclusive investing in silver equities and bullion

Investment Team


  • Eric Sprott
    Chief Executive Officer; Chief Investment Officer; Senior Portfolio Manager

  • Charles Oliver
    Senior Portfolio Manager

  • Maria Smirnova
    Associate Portfolio Manager

Fund Details

Fund Code

SPR 421 - FE (A)
SPR 422 - LL (A)
SPR 423 -  NL (F)

Type of FundPrecious Metals Fund
ValuationsDaily
Minimum Initial Investment$1000
Minimum Subsequent Investment$100
Minimum Investment Term90 Days (3% Penalty)
Management FeeUp to 2.5% (Series A) Up to 1.5% (Series F)
Performance Fee10% of Excess over the MSCI ACWI Select Silver Miners Investable Market Index
Eligible for Registered PlansYes
Investor Risk ToleranceHigh

Fund Objective

The investment objective of the Fund is to seek to achieve long-term capital growth by investing primarily in equity securities of companies that are directly or indirectly involved in the exploration, mining, production or distribution of silver. The Fund can also invest in silver and silver certificates.

 

"ALL THAT GLITTERS IS GOLD (October 2001) was written when gold was still considered a relic in financial circles. We believe silver will be this decade's gold."- Eric Sprott, Markets at a Glance, All That Glitters is Silver, November 2010.

"We believe the investment demand for silver is multiple times higher than that published… the case for physical silver is simply outstanding."
- Eric Sprott, Markets at a Glance, The Silver Lining, June 2010.

Why we believe silver's fundamentals are better than ever:

  • Used throughout history as a store of monetary value, silver enjoys growing investment demand due to the debasement of all fiat currencies;
  • Currently, the silver-to-gold price ratio is 50:1; however, we foresee a reversion to the historical average of 16:1;
  • Silver's value lies in its ability to preserve wealth in environments marked by negative real interest rates, government intervention, severe economic uncertainty and vulnerable banking institutions;
  • Silver's unique physical properties, such as its excellent electrical conductivity and proven effectiveness as an antiseptic and disinfectant, add to its increasing demand in industrial, electronics and medical applications;
  • World mine supply has grown only moderately over the last decade, lagging the growth in demand;
  • China used to be a large supplier of silver to the rest of the world, but is now a net importer of the metal.

 Why Invest in Sprott Silver Equities Class?

  • Silver equities provide leverage to increasing silver bullion prices in two ways: i) by increasing producers' profit margins; and ii) by incenting exploration upside;
  • We consider silver equities to be growth stocks in an environment where few other sectors are growing earnings;
  • The Class provides an ideal complement to bullion for investors interested in silver; exposure to both equities and bullion can provide better risk-adjusted returns over the long-term;
  • Share Sprott's vast access to investment opportunities, enabled by our relationships with hundreds of precious metals companies, and our location in Toronto, the mining financing capital of the world;
  • Rely on Sprott's depth of experience: Sprott has been an active investor in precious metals equities from as early as 2000;
  • As part of Sprott Corporate Class Inc., it offers the flexibility of switching to other share classes on a tax-deferred basis.