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]