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Sprott Asset Management USA, Inc., a wholly-owned subsidiary of Sprott Inc., today announced methodology changes to the index that Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ) tracks. Junior gold miners, as measured by the Solactive Junior Gold Miners Custom Factors Index, returned more than 171% as of December 19, 2025. This extraordinary market appreciation of junior gold miners has led to an increase in market capitalization of the index constituents.
To preserve the integrity of the Index and ensure the weighting methodology can be implemented, Solactive AG announced the following changes to Section 2.1 of the index methodology.
- Increase in market cap maximum for new constituents: The minimum market capitalization threshold for new eligible securities will be revised from below USD $2 billion to below USD $3 billion.
- Market cap buffer for existing constituents: Existing index constituents must not have a market cap of more than $4 billion.
- Expansion of the eligible index universe: The index universe will be changed from the Solactive Global Gold Explorers & Developers Total Return Index to the Market Watch of the Solactive Global Gold Explorers & Developers Total Return Index.
- Target constituent count added: The index will have a target of 25 to 30 constituents.
These adjustments are being implemented at the next scheduled rebalance and will be an ongoing modification to the index methodology.
About Sprott Asset Management USA, Inc.
Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc. ("Sprott"). Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California. For more information, please visit www.sprott.com.
Contact:
Glen Williams
Senior Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-4394
gwilliams@sprott.com
Important Disclosures
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Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.
The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
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Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.
ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.
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