Sprott Active Gold and Silver Miners ETF

The objective of the Index is to provide exposure to a rolling position in futures contracts on gold that will become the first liquid nearby futures contracts three months in the future. The Index is based on the Barclays Gold Nearby Index (the Nearby Index), which tracks the performance of the first liquid nearby futures contract on gold. The Nearby Index maintains its exposure to futures contracts by closing out its position in the current futures contract and establishing a new position in the next liquid futures contract.