Company Overview - Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc., focusing on precious metals and critical materials investments [3] - The company operates globally with offices in Toronto, New York, Connecticut, and California [3] - Sprott's investment strategies include Exchange Listed Products, Managed Equities, and Private Strategies [3] Management Changes - As of September 10, 2025, Andrew Hicks is no longer a portfolio manager of the Sprott Funds Trust [1] - Ryan Mischker and Charles Perkins will continue as portfolio managers at ALPS Advisors, Inc., responsible for the day-to-day management of the funds [2] Fund Characteristics - The Sprott Active Metals & Miners ETF, Sprott Active Gold & Silver Miners, and Sprott Silver Miners & Physical Silver ETFs are new with limited operating history [8] - The funds are non-diversified and can invest a greater portion of assets in individual issuers, particularly in the natural resources and precious metals sectors [6] - Shares of the funds are not individually redeemable and are traded on a secondary market [7]

Core Viewpoint - State Street Investment Management has launched the State Street Short Duration IG Public & Private Credit ETF (PRSD), aiming to provide a blend of risk-adjusted returns and current income through short-term investment-grade debt [1]. Group 1: Fund Overview - PRSD is an actively managed ETF with a net expense ratio of 59 basis points [1]. - The fund primarily invests in short-term investment-grade debt, including both public and private credit instruments [1]. - The average duration targeted by PRSD is one to three years, focusing on a short-duration bond strategy [2]. Group 2: Private Credit Allocation - Approximately 10%-35% of PRSD's portfolio will consist of private credit instruments, sourced by Apollo Global Securities [3]. - The inclusion of private credit is intended to diversify the portfolio, offer new returns, and provide access to a less accessible market [3]. Group 3: Market Context and Demand - The launch of PRSD follows the earlier introduction of PRIV, the SPDR SSGA IG Public & Private Credit ETF, indicating a growing demand for such investment vehicles [4]. - State Street currently manages over 170 funds in the U.S., with significant assets under management in its largest ETF, the Technology Select Sector SPDR Fund (XLK), which has over $84 billion [4].

Core Viewpoint - The First Trust Technology AlphaDEX ETF (FXL) offers a low-cost, transparent, and flexible investment option for gaining exposure to the Technology - Broad segment of the equity market, appealing to both institutional and retail investors [1][2]. Fund Overview - FXL, launched on May 8, 2007, has accumulated over $1.37 billion in assets, positioning it as one of the larger ETFs in the Technology - Broad segment [3]. - The ETF aims to match the performance of the StrataQuant Technology Index, which utilizes a modified equal-dollar weighted methodology to select stocks from the Russell 1000 Index [4]. Cost Structure - The annual operating expenses for FXL are 0.6%, which is competitive within its peer group, and it has a trailing dividend yield of 0.03% [5]. Sector Exposure and Holdings - Approximately 80.2% of FXL's portfolio is allocated to the Information Technology sector, with Industrials and Telecom also being significant sectors [6]. - The top holdings include Palantir Technologies Inc. (2.28% of total assets), Reddit, Inc., and Amphenol Corporation, with the top 10 holdings comprising about 18.42% of total assets [7]. Performance Metrics - As of September 1, 2025, FXL has increased by approximately 7.95% year-to-date and 18.88% over the past year, with a trading range between $115.28 and $162.699 in the last 52 weeks [8]. - The ETF has a beta of 1.16 and a standard deviation of 24.15% over the trailing three-year period, indicating a medium risk profile [8]. Alternatives - FXL holds a Zacks ETF Rank of 2 (Buy), suggesting it is a strong option for investors looking for exposure to Technology ETFs [9]. - Other notable ETFs in the sector include the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT), with XLK having $83.99 billion in assets and VGT $99.65 billion [11].

[Music] Now, what I'm going to talk to you about is on there. If you can't explain what you're going to talk about in a piece of paper that big, you're not an expert in your field. If you can't explain it simply, you're not an expert in your field. So, let me tell you what I'm going to talk about. What I get more than anything in my inbox on my email is, "Why don't they teach you this at school. Why don't they teach you this at school more than anything else. What is it.What is it that all these people and ...

Core Viewpoint - BlackRock Canada announced the April 2025 cash distributions for various iShares ETFs, with payments scheduled for April 30, 2025, for unitholders of record on April 25, 2025 [1]. Distribution Details - The cash distribution amounts per unit for selected iShares ETFs are as follows: - iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH): $0.049 - iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO): $0.051 - iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ): $0.128 - iShares Equal Weight Banc & Lifeco ETF (CEW): $0.066 - iShares U.S. Aggregate Bond Index ETF (XAGG): $0.105 - iShares Flexible Monthly Income ETF (XFLI): $0.192 - iShares S&P/TSX Composite High Dividend Index ETF (XEI): $0.136 - iShares Premium Money Market ETF (CMR): Estimated at $0.121 [2][3][4]. Company Overview - BlackRock is a leading provider of financial technology and investment management services, with over $4.3 trillion in assets under management as of March 31, 2025 [7]. - iShares ETFs, managed by BlackRock, offer a diverse range of investment opportunities across various markets, catering to the evolving needs of investors [7].