FUND - Sprott Focus Trust: Widening Discount And Differentiated Portfolio

2024-06-23 00:00:31 ET

Summary

• Sprott Focus Trust provides investors exposure to a more differentiated portfolio with a more value-oriented approach.
• The fund is rather narrowly invested, with a more concentrated number of holdings in its portfolio.
• FUND trades at a wide discount, which is appealing, but the fund regularly trades at a double-digit discount.

Written by Nick Ackerman, co-produced by Stanford Chemist

The closed-end fund Sprott Focus Trust ( FUND ) (XFUNX) hasn't performed very well since our prior update . The fund's discount at that time, while at a double-digit discount, didn't translate into a relatively attractive valuation. Some of the weaker performance was due specifically to the discount widening since our last update, but the portfolio mix was also the culprit....

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