At A Glance

Why invest in Sprott Focus Trust?

  • Investment goal of long-term growth of capital
  • Focused portfolio (generally less than 100 positions), disciplined value approach
  • Invests primarily in small-, mid-, and large-cap stocks

Formally known as the Royce Focus Trust, the Sprott Focus Trust continues to be managed by Whitney George. » View Press Release

 

As At 09-30-2016
XFUNX
Fund Symbol
85208J109
CUSIP
,
Nasdaq Symbol:
FUND
11/1/1996
Inception Date
18+
Years of History
44
Holdings
29
Holdings > 75%
Domestic
67.0
U.S. (26.4 Non-US)
$5.3b
Avg. Market Cap1
$194.6m
Net assets

Net Asset Value per Unit*
Market Price
Premium Discount Calculation
(In U.S. Dollars. Data last updated at EST) Premium/Discount Calculation is calculated using the mid-point of the trust unit's bid-ask price at the close of trading and the calculation of premium or discount of that price, expressed as a percentage, to the trust unit's Net Asset Value as calculated by the Valuation Agent for that same day.

Whitney George

Whitney George

Portfolio Manager of Sprott Focus Trust

Background

W. Whitney George has been the portfolio manager of the Sprott Focus Trust since 2003. Prior to joining Sprott, he was a Managing Director and Portfolio Manager of Royce and held positions with Dominick & Dominick, Inc., WR Lazard & Laidlaw, Inc., Laidlaw, Adams & Peck, and Oppenheimer & Co. Inc. He holds a bachelor's degree from Trinity College.

Documents

Performance

 as at 09/30/2016 MTD YTD
1YR 3YR 5YR 10YR INCEPTION LAUNCH
FUND 0.70 24.21 24.45 4.46 9.12 3.74 9.72 11/1/1996
XFUNX 1.66 22.34 21.03 5.33 9.58 5.73 9.53 11/1/1996
Russell 3000 TR 0.16 8.18 14.96 10.44 16.36 7.37 7.97 11/1/1996

Important Performance and Expense Information

All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold.The Fund invests a significant portion of its net assets in small-cap stocks, which may involve considerably more risk than investing in larger-cap stocks. The Fund also invests a significant portion of its assets in a limited number of stocks, which may involve considerably more risk than a more broadly diversified portfolio because a decline in the value of any one of these stocks would cause the Fund's overall value to decline to a greater degree. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency, and other risks not encountered in U.S. investments.

Distributions

RECORD
DATE
EX-DATE PAYABLE
DATE
INCOME ($) SHORT
TERM
GAINS ($)
LONG
TERM
GAINS ($)
RETURN OF
CAPITAL ($)
TOTAL ($) REINVEST
PRICE ($)
9/15/2016 9/19/2016 9/26/2016 0.0394 0.0092 0.0414 0.0000 0.0900 6.95
6/14/2016 6/10/2016 6/28/2016 0.0462 0.0000 0.0000 0.0438 0.0900  6.37
3/15/2016 3/11/2016 3/28/2016 0.0558 0.0000 0.0000 0.0442 0.1000  6.06
12/15/2015 12/11/2015 12/28/2015 0.0109 0.0000 0.1091 0.0000 0.1200 5.73
9/15/2015 9/11/2015 9/28/2015 0.0246 0.0083 0.0671 0.0000 0.1000 6.03
6/16/2015 6/12/2015 6/29/2015 0.0353 0.0088 0.0659 0.0000 0.1100 7.35
5/15/2015 5/13/2015 5/28/2015 0.0271 0.0071 0.0758 0.0000 0.1100 7.59
12/15/2014 12/11/2014 12/26/2014 0.0197 0.0016 0.0887 0.0000 0.1100 7.41
9/15/2014 9/11/2014 9/26/2014 0.0197 0.0016 0.0887 0.0000 0.1100 8.00
6/16/2014 6/12/2014 6/27/2014 0.0179 0.0014 0.0807 0.0000 0.1000 8.42
3/13/2014 3/11/2014 3/25/2014 0.0179 0.0014 0.0807 0.0000 0.1000 7.90

Press Releases

12/5/2016
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.12 Per Share

9/2/2016
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.09 Per Share

6/6/2016
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Second Quarter Common Stock Distribution of $0.090 Per Share

3/4/2016
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.10 Per Share

12/03/2015
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.12 Per Share

9/04/2015
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.10 Per Share

6/04/2015
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Second Quarter Common Stock Distribution of $0.11 Per Share

5/06/2015
Correction from Source: Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.11 Per Share

5/05/2015
Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.11 Per Share

3/23/2015
Sprott Focus Trust, Inc. Intends to Declare First Quarter Common Stock Distribution

 

DRIP Program & Notification Of Sources of Distributions

Distribution Reinvestment and Cash Purchase Plan (“DRIP”) for Common Stockholders of Sprott Focus Trust, Inc.

The following is a brief overview of the DRIP program for Sprott Focus Trust, Inc. ("Fund"). For complete details, please contact Computershare the plan agent administering the DRIP Program, by clicking this link www.computershare.com/investor or call: within USA, US territories & Canada 800-426-5523 or Outside USA, US territories & Canada 781-575-2879.

Registered Common Stockholders of the Fund automatically participate in its Distribution Reinvestment and Cash Purchase Plans, which allows participants to reinvest their dividend and capital gains distributions and to make optional cash purchases of shares directly through Equiserve, the Fund’s Plan Agent, on a monthly basis. The DRIP also allows stockholders to deposit certificates representing their shares with Computershare for safekeeping.

Computershare maintains the accounts for registered stockholders who participate in the Plan and sends written confirmation of all transactions in an account. Computershare will also hold shares in each participant’s account in non-certificated form in the participant’s name; each participant will be able to vote these shares at a stockholder meeting or by proxy. A participant may also send other stock certificates that they hold to Computershare to be held in non-certificated form. If a nominee is the registered owner of your shares, the nominee will maintain the accounts on your behalf.

There is no service fee charged to participants for reinvesting distributions. Plan participants are subject to a service fee of $0.75 and $2.50 for each voluntary cash purchase and sale, respectively. Although the Plan permits the assessment of per share fees of $0.05 and $0.15 in connection with voluntary purchases and sales, respectively, Sprott, the Fund’s investment advisor, is absorbing such per share fees through December 31, 2015. No assurance can be given that Sprott will continue to absorb such per share fees after that date. Per share fees include any brokerage commissions Computershare is required to pay.

Fees & Expenses

Annual Fund Operating Expenses (%)
As of 12/31/2015

                                                                                                       

Management fees 1.00
Other expenses 0.19
Total annual Fund operating expenses 1.19

Contact Us

Sprott Asset Management LP
Royal Bank Plaza, South Tower
200 Bay Street
Suite 2700, PO Box 27
Toronto, Ontario M5J 2J1
Canada
1-203-656-2430