Important Disclosures & Definitions

An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Active Metals & Miners ETF Statutory Prospectus, which contains this and other information, visit https://sprottetfs.com/metl/prospectus, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing.

The Sprott Active Metals & Miners ETF is new and has limited operating history. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s shares and the possibility of significant losses. The Fund will be concentrated in metals, mining and related industries. Companies in the metals and mining industry are susceptible to fluctuations in worldwide metal prices and extraction and production costs. In addition, metals and mining companies may have significant operations in areas at risk for social and political unrest, security concerns and environmental damage. These companies may also be at risk for increased government regulation and intervention. Such risks may adversely affect the Fund. The Fund is not suitable for all investors. 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 adviser’s judgments about the growth, value, or potential appreciation of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance relative to its benchmark.

The Fund adviser’s judgments about the growth, value, or potential appreciation of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance relative to its benchmark.

Shares are not individually redeemable. Investors buy and sell shares of the Sprott Active Metals & Miners ETF on a secondary market. Only “authorized participants” may trade directly with the Fund, typically in blocks of 10,000 shares. 

Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses, affect the Fund’s performance.

Sector weightings are determined using the Bloomberg Industry Classification Standard (“BICS”).

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Active Metals & Miners ETF.  ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.

Green steel” is produced using environmentally sustainable methods, primarily by minimizing or eliminating carbon dioxide emissions, typically achieved by replacing coal-based blast furnaces with hydrogen-based direct reduction processes, using renewable energy sources in steel production, and recycling scrap steel in electric arc furnaces powered by clean electricity. Green steel may offer growing demand from industries seeking low-carbon materials, but it faces higher production costs, technology, scalability challenges and policy uncertainty compared to traditional steel.

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