| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 105 | $17.43 | $1,830 | 0.07% | $23.70 | $-658 | -26.5% | — |
In short: His own firm's fund, so a sponsor's pitch: "the only ETF anywhere that is solely focused on providing rare earth exposure." A pure-play screen of ~1,000 miners twice a year keeps only companies with at least 50% of revenue from rare-earth mining, smelting or production, for ~96% rare-earth exposure versus single digits to high-20s in rivals that are "very diversified" or "concentrated in other metals." Ex-China by design, to catch Western reshoring incentives. 34 holdings: ~48% Australia, ~40% US, ~8% Canada; ~38% large cap, ~16% mid, the rest small.
Rare earths are a group of 17 metals that go into strong magnets and electronics — fighter-jet and missile systems, electric-car motors, wind turbines, phone screens and the cooling motors in AI data centers. China mines most of them and does almost all of the processing into usable magnets, and it has started restricting exports. That has sent some prices sharply higher and pushed the US, Australia and Canada to pay for their own supply chains.
REXC is an exchange-traded fund (a basket of stocks you buy like a single share) that holds only rare-earth companies outside China. Sprott's selling point is purity: a company gets in only if at least half its revenue comes from rare earths, so the fund is about 96% rare earths, while other funds sold as "rare earth" funds are mostly other metals. It holds 34 companies, mostly in Australia and the US, and more than half the money is in small and mid-sized miners — which tend to swing much more in price. Keep in mind the person pitching it works for the company that sells it.
4:05It's the Sprott Rare Earth X China ETF, ticker REXC or Rexy as we refer to it. This is the only ETF anywhere that is solely focused on providing rare earth exposure. There's plenty of ETFs out there that have some exposure to rare earth to different levels. Could be as low as 5 or 6%.
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