{
 "ticker": "METL",
 "name": "Sprott Active Metals & Miners ETF",
 "issuer": "Sprott",
 "desk": "themes",
 "url": "https://etfiq.com/funds/METL",
 "html": "https://etfiq.com/funds/METL",
 "markdown": "https://etfiq.com/funds/METL.md",
 "as_of": "2026-09-11",
 "verdict": "METL holds 42 stocks, and 87% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "13.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "METL, already in the S&P 500: 13.4%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "METL, active share vs the S&P 500: 99.7%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "40.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "METL, top ten holdings: 40.3%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+36.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "METL, total return, 1 year: +36.4%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$85m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "METL, net assets: $85m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "METL, expense ratio: 0.99% (485BPOS XBRL, Apr 30, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Miners and metals",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 10, 2025",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "13.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.7%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "40.3%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "42",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Nucor Corp 4.6%, Lithium Argentina Ag 4.3%, Cameco Corp 4.3%, Hudbay Minerals Inc 4.0%, Steel Dynamics Inc 4.0%, Major Drilling Group International Inc 4.0%, Nexgen Energy Ltd 4.0%, Lynas Rare Earths Ltd 3.9%, Denison Mines Corp 3.7%, Reliance Inc 3.5%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$85m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221217.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.99%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WDIG 23%, COPA 23%, EMET 22%, XME 21%, URNM 19%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22122.8%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22126.1 pts",
   "Gap to Nasdaq-100": "\u22122.0 pts"
  },
  {
   "window": "6 months",
   "Total return": "+0.7%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221215.4 pts",
   "Gap to Nasdaq-100": "\u221220.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "+36.4%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+18.9 pts",
   "Gap to Nasdaq-100": "+13.4 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+37.7%",
   "S&P 500": "+18.5%",
   "Gap to S&P 500": "+19.2 pts",
   "Gap to Nasdaq-100": "+14.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of METL is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 13% of METL by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does METL hold?",
   "a": "42 positions as filed for Jun 30, 2026, with the top ten at 40% of the fund. The largest are Nucor Corp at 4.6%, Lithium Argentina Ag at 4.3%, Cameco Corp at 4.3%."
  },
  {
   "q": "Has METL beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 METL returned +36.4% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 18.9 points."
  },
  {
   "q": "What does METL cost?",
   "a": "The prospectus expense ratio is 0.99% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.99%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}