DENVER--(BUSINESS WIRE)--ALPS, a DST Company announced that the Sprott Gold Miners Exchange-Traded Fund (ETF) (NYSE: SGDM) is available on Schwab ETF OneSource™ – the program that provides investors and advisors with access to the most commission-free ETFs1 in the industry.
The industry’s first factor-based gold mining ETF, the Sprott Gold Miners ETF, was created with Sprott Asset Management LP, a globally renowned investor in precious metals. With its addition to the Schwab ETF OneSource lineup, Schwab clients will be able to buy and sell six ALPS-distributed ETFs with zero online trade commissions.
ALPS is a comprehensive financial services company with a strong track record of innovation in the asset management, asset servicing, and asset gathering business. The fourth largest distributor of ETFs in the U.S., ALPS specializes in satellite and non-traditional asset classes, including Alternative Income, Private Equity, Commodities, and Master Limited Partnerships (MLPs).
“By expanding our Schwab ETF OneSource lineup to include the Sprott Gold Miners ETF, we can offer the strategy to a wider range of investors without commissions,” says Jeremy Held, Director of Product Distribution at ALPS. “All ALPS ETFs are designed to provide investors with exposure to attractive investment themes, and we expect to bring more innovative solutions to the market this year.”
Schwab ETF OneSource offers investors more than 200 ETFs spanning 66 Morningstar Categories without any trade commissions, early redemption fees or enrollment requirements.1
“We are very pleased with the growing interest in Sprott Gold Miners ETF,” said John Ciampaglia, Head of ETFs at Sprott. “The fund’s addition to the Schwab ETF OneSource platform will only enhance that interest.”
A complete list of Schwab ETF OneSource ETFs is available at Schwab.com.
For more information on the Sprott Gold Miners ETF, visit www.alpsfunds.com.
Through its subsidiary companies, ALPS Holdings, Inc. is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Founded in 1985, Denver-based ALPS delivers its Asset Gathering and Asset Servicing Solutions through offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly owned subsidiary of Kansas City-based DST Systems, Inc. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.
DST Systems, Inc. is a leading provider of sophisticated information processing and servicing solutions to companies around the world. Through its global enterprise, DST delivers strategically unified transactions and business processing, data management, and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.
About Schwab ETF OneSource
Schwab ETF OneSource offers investors and advisors access to the most commission-free ETFs anywhere in the industry. As of April 30, 2015, Schwab ETF OneSource has $44 billion in assets under management. Commission-free online trading is available to individual investors at Schwab, to approximately 7,000 independent investment advisors who use Schwab’s custodial services and through Schwab retirement accounts that permit trading of ETFs. Schwab offers a range of resources to help clients choose ETFs that fit their investment needs, including the Schwab ETF Select List™, tutorials, education, research and tools available via Schwab’s online ETF center and live events at local Schwab branches.
1Conditions Apply: Trades in ETFs available through Schwab ETF OneSource (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs it makes available without commissions. ETFs are subject to management fees and expenses. Please see the Charles Schwab Pricing Guide for additional information.
Important Disclosures and Definitions
An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, which contains this and other information, please contact your financial professional or call 1.855.215.1425. Read the prospectus carefully before investing.
Sprott Gold Miners ETF shares are not individually redeemable. Investors buy and sell shares of the Sprott Gold Miners ETF on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 50,000 shares.
The Fund is not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.
The Fund is concentrated in the gold and silver mining industry. As a result, the Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the gold and silver mining industry. Also, gold and silver mining companies are highly dependent on the price of gold and silver bullion. These prices may fluctuate substantially over short periods of time so the Fund’s Share price may be more volatile than other types of investments.
Funds that emphasize investments in small/mid cap companies will generally experience greater price volatility.
Funds investing in foreign and emerging markets will also generally experience greater price volatility.
The Sprott Gold Miners ETF is a new product with a limited operating history.
ALPS Portfolio Solutions Distributor, Inc. is not affiliated with Sprott Asset Management LP or Schwab ETF OneSource.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Sprott Gold Miners ETF.