Sprott Focus Trust (FUND) Stock

Sprott Focus Trust has a unique tilt towards the materials sector, with significant holdings in energy and financial services as well. The fund's discount has widened, making it relatively attractive on a shorter-term relative basis, but on a longer-term basis, it looks to be relatively fairly valued. FUND pays out a quarterly distribution based on 6% of its NAV, with net investment income coverage moving materially higher in the latest report.

The Sprott Focus Trust is an actively managed closed-end fund that invests in stocks through a fundamentals-based approach. The current portfolio is concentrated in sectors like basic materials and energy that have underperformed this year. A widening discount to the fund's net asset value may add to risks for FUND into 2024.

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