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.
About ALPS
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.
About DST
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150707005262/en/
DST Global Public RelationsLaura M. Parsons,
816-843-9087mediarelations@dstsystems.com
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