METL ETF — Sprott Active Metals & Miners ETF

Sprott Active Metals & Miners ETF (METL)

METL is an ETF. its trailing-12-month yield is 0.93%, its expense ratio is 0.99%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 35.8% over the past year, 15.6 points ahead of SPY at 20.2%.

Sprott Active Metals & Miners ETF is an actively managed fund that invests at least eighty percent of its assets in equity securities of metals and mining companies, including those engaged in exploration, production, development, and recycling, as well as royalty and streaming companies that finance such operations. The fund carries a modest current distribution rate and an expense ratio of 0.99%, with annual distributions; the latest distribution was special and may not recur. This fund appeals to investors seeking equity exposure to the metals and mining sector with active management.

METL performance versus SPY

Price and return data through 2026-09-21.

Total return is 35.8% over the past year, 15.6 points ahead of SPY at 20.2%. Its deepest 1-year drawdown was 28.8%.

METL key facts

Distribution Safety Score™

50 · Unproven

Issuer

Sprott

Asset type

ETF

Asset class

Equity

Inception date

09/09/2025

Expense ratio

0.99%

Distribution frequency

Annual

Trailing yield

0.93%

Last close

$27.02 (as of 2026-09-21)

NAV

$26.93

Premium / discount

0.33% premium

AUM

$85,090,545

Average volume

14116.0

Last dividend

$0.251

Last ex-dividend date

12/18/2025 (as of 2025-12-18)

Last payment date

12/22/2025 (as of 2025-12-22)

Beta

2.0462

P/E ratio

21.7833

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.93%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Sprott; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

METL risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 28.8%.

Who may consider METL — and who may not

It is a weaker fit for investors who need monthly cash flow (METL pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Sprott.