# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0000894189-26-007466
**Filing Date:** 2026-3
**Character Count:** 21926
**Document Hash:** a684488d19f73193bbd3ce0c3deef2a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-007466.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000894189-26-007466

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPROTT FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001728683

**ORGANIZATION NAME:**
- **EIN:** 824034050
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23382
- **FILM NUMBER:** 26709344

**BUSINESS ADDRESS:**
- **STREET 1:** 320 POST ROAD, SUITE 230
- **STREET 2:** SUITE 200
- **CITY:** DARIEN
- **STATE:** CT
- **ZIP:** 06820
- **BUSINESS PHONE:** (203) 656-2400

**MAIL ADDRESS:**
- **STREET 1:** 320 POST ROAD, SUITE 230
- **STREET 2:** SUITE 200
- **CITY:** DARIEN
- **STATE:** CT
- **ZIP:** 06820

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sprott ETF Trust
- **DATE OF NAME CHANGE:** 20180119

## Series and Classes Contracts Data

### Sprott Gold Equity Fund (Series ID: S000067147)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000216003 | Institutional Class |  |
| C000216004 | Investor Class      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Sprott Funds Trust

- **b. Investment Company Act file number:** 811-23382

- **c. CIK number of Registrant:** 0001728683

- **d. LEI of Registrant:** 254900ESM83A3F9BO555

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 Bay Street

  - **City:** Toronto, Ontario

  - **Zip / Postal Code:** M5J2J1

  - **Telephone number:** 760-444-5254

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sprott Gold Equity Fund

- **b. EDGAR series identifier (if any):** S000067147

- **c. LEI of Series:** 5493004WPFQGYKPKXS76

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1866722333.14

**Total Liabilities:** $56084021.85

**Net Assets:** $1810638311.29

**Cash Not Reported:** $80637.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216003 | -2.39%               | 13.02%               | 6.88%                |
| Class ID C000216004 | -2.41%               | 13.00%               | 6.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $89051142.73             | $-126202480.56                             |
| Month 2  | $-5054598.93             | $203922677.90                              |
| Month 3  | $38637937.83             | $76392086.58                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| DUNDEE CORPORATION WARRANT                | DUNDEE CORPORATION WARRANT                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1662500 | NS      | $400160.38    | 0.02%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Eldorado Gold Corp                        | Eldorado Gold Corp                        | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |   1609000 | NS      | $57795280.00  | 3.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Endeavour Silver Corp                     | Endeavour Silver Corp                     | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |   1077200 | NS      | $10125680.00  | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Emerald Resources NL                      | Emerald Resources NL                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   9090200 | NS      | $38339404.46  | 2.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Genesis Minerals Ltd                      | Genesis Minerals Ltd                      | CUSIP: N/A<br>LEI: 894500AK5BVRCNP0FP48       | Long             | EC               | CORP              | AU        |   6459700 | NS      | $31253970.74  | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution Mining Ltd                      | Evolution Mining Ltd                      | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |    701343 | NS      | $5934779.20   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinox Gold Corp                         | Equinox Gold Corp                         | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   3923445 | NS      | $55140617.14  | 3.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Discovery Silver Corp                     | Discovery Silver Corp                     | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |   6012700 | NS      | $36710084.15  | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| DPM Metals Inc                            | DPM Metals Inc                            | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |   2122800 | NS      | $65607209.94  | 3.62%             |  |  |  | No            | 1                  | On Loan: No      |
| G Mining Ventures Corp                    | G Mining Ventures Corp                    | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   3056200 | NS      | $92384057.41  | 5.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CTGOWRT1                                  | CTGOWRT1                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    100000 | NS      | $134460.00    | 0.01%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Coeur Mining Inc                          | Coeur Mining Inc                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |   5350864 | NS      | $95405905.12  | 5.27%             |  |  |  | No            | 1                  | On Loan: —       |
| I-80 GOLD CORP                            | i-80 Gold Corp                            | CUSIP: 44955L155<br>LEI: 549300LFFIWIGUEXPK11 | N/A              | DE               | CORP              | CA        |  11300000 | NS      | $10620870.00  | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| Alamos Gold Inc                           | Alamos Gold Inc                           | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    852700 | NS      | $32897166.00  | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    387150 | NS      | $65653735.02  | 3.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Wheaton Precious Metals Corp              | Wheaton Precious Metals Corp              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    299000 | NS      | $35138480.00  | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Wesdome Gold Mines Ltd                    | Wesdome Gold Mines Ltd                    | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |   2147600 | NS      | $35580797.79  | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Ramelius Resources Ltd                    | Ramelius Resources Ltd                    | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |  20120645 | NS      | $55858603.63  | 3.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Perpetua Resources Corp                   | Perpetua Resources Corp                   | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | US        |   1836150 | NS      | $44453191.50  | 2.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Gold Bullion International LLC            | Gold Bullion International LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   5000000 | NS      | $7150000.00   | 0.39%             |  |  |  | No            | 3                  | On Loan: No      |
| i-80 Gold Corp                            | i-80 Gold Corp                            | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |  32476937 | NS      | $47796738.00  | 2.64%             |  |  |  | No            | 1                  | On Loan: No      |
| I-80 GOLD CORP CONV ACRD BD8% 27          | I-80 GOLD CORP CONV ACRD BD8% 27          | CUSIP: 44955LAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5662132 | PA      | $5526116.83   | 0.31%             | 2027-02-22      | Fixed         | 8.00%                 | Yes           | 3                  | On Loan: No      |
| IAMGOLD Corp                              | IAMGOLD Corp                              | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |   4609300 | NS      | $76007357.00  | 4.20%             |  |  |  | No            | 1                  | On Loan: —       |
| Hemlo Mining Corp                         | Hemlo Mining Corp                         | CUSIP: 42366G104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Gold Bullion                              | Gold Bullion                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     45913 | NS      | $198316789.75 | 10.95%            |  |  |  | No            | 1                  | On Loan: No      |
| Barrick Mining Corp                       | Barrick Mining Corp                       | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |   1646833 | NS      | $71738111.60  | 3.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglogold Ashanti Plc                     | Anglogold Ashanti Plc                     | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    467600 | NS      | $39876928.00  | 2.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinross Gold Corp                         | Kinross Gold Corp                         | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |   1548200 | NS      | $43597312.00  | 2.41%             |  |  |  | No            | 1                  | On Loan: No      |
| MINERA ALAMOS INC WT                      | MINERA ALAMOS INC WT                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |  25352113 | NS      | $1779847.44   | 0.10%             |  |  |  | Yes           | 2                  | On Loan: No      |
| MINERA ALAMOS INC                         | MINERA ALAMOS INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  25352113 | NS      | $9789530.36   | 0.54%             |  |  |  | Yes           | 1                  | On Loan: No      |
| INTERNATIONAL TOWER                       | INTERNATIONAL TOWER                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  19627315 | NS      | $36178723.51  | 2.00%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Invesco Treasury Portfolio                | Invesco Treasury Portfolio                | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  27592623 | NS      | $27592622.65  | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| I-Pulse, Inc.                             | I-Pulse, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     74532 | NS      | $186330.00    | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  53865970 | NS      | $53865970.25  | 2.97%             |  |  |  | No            | N/A                | On Loan: No      |
| Blue Spark Energy Systems, Inc.           | Blue Spark Energy Systems, Inc.           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3727 | NS      | $670.86       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| New Found Gold Corp                       | New Found Gold Corp                       | CUSIP: 64440N103<br>LEI: 98450056568BF2A90783 | Long             | EC               | CORP              | CA        |   3325000 | NS      | $9835342.97   | 0.54%             |  |  |  | Yes           | 1                  | On Loan: —       |
| Montage Gold Corp                         | Montage Gold Corp                         | CUSIP: 61178L101<br>LEI: 9845004C6BCE77ACA795 | Long             | EC               | CORP              | CA        |   1547300 | NS      | $11137899.53  | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanaGold Corp                           | OceanaGold Corp                           | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   3038400 | NS      | $86112535.06  | 4.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Lundin Gold Inc                           | Lundin Gold Inc                           | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    316100 | NS      | $26258950.13  | 1.45%             |  |  |  | No            | 1                  | On Loan: No      |
| SSR Mining Inc                            | SSR Mining Inc                            | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |   1065700 | NS      | $23360144.00  | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| SUNSHINE SILVER MINING AND REFINING       | SUNSHINE SILVER MINING AND REFINING       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    243691 | NS      | $9747640.00   | 0.54%             |  |  |  | No            | 3                  | On Loan: No      |
| West African Resources Ltd                | West African Resources Ltd                | CUSIP: N/A<br>LEI: 529900XLO8GMJNTUL013       | Long             | EC               | CORP              | AU        |   6818000 | NS      | $13650014.01  | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Vizsla Royalties Corp                     | Vizsla Royalties Corp                     | CUSIP: 92859L201<br>LEI: 98450020ZFM00010C790 | Long             | EC               | CORP              | CA        |    286457 | NS      | $918298.64    | 0.05%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Vizsla Silver Corp                        | Vizsla Silver Corp                        | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |   7563950 | NS      | $41441771.88  | 2.29%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Valterra Platinum Ltd                     | Valterra Platinum Ltd                     | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |    484000 | NS      | $40579616.37  | 2.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Westgold Resources Ltd                    | Westgold Resources Ltd                    | CUSIP: N/A<br>LEI: 2549003AMX9BL7CKBQ74       | Long             | EC               | CORP              | AU        |   9021200 | NS      | $38770823.38  | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Tocqueville Bullion Reserve LP - Class G  | Tocqueville Bullion Reserve LP - Class G  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |      7619 | NS      | $30369028.72  | 1.68%             |  |  |  | No            | N/A                | On Loan: No      |
| Osisko Development Corp                   | Osisko Development Corp                   | CUSIP: 68828E809<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |   2580000 | NS      | $9004200.00   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Osisko Development Corp                   | Osisko Development Corp                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |   1290000 | NS      | $1633785.00   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Torex Gold Resources Inc                  | Torex Gold Resources Inc                  | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |   1085200 | NS      | $51818883.10  | 2.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Ora Banda Mining Ltd                      | Ora Banda Mining Ltd                      | CUSIP: N/A<br>LEI: 984500DAD3BDFDHBD844       | Long             | EC               | CORP              | AU        |  22111174 | NS      | $22576576.10  | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Cross Gold Consolidat            | Southern Cross Gold Consolidated Ltd      | CUSIP: N/A<br>LEI: 2549004SP30Z0UWKH476       | Long             | EC               | CORP              | CA        |   1182102 | NS      | $9127317.47   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| OSISKO DEVELOPMENT CORP                   | Osisko Development Corp                   | CUSIP: 68828E221<br>LEI: 984500A8CC57F67DJ124 | N/A              | DE               | CORP              | CA        |    499999 | NS      | $49178.44     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| OR Royalties Inc                          | OR Royalties Inc                          | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |   1250224 | NS      | $44286831.72  | 2.45%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-23

**Name of Applicant:** Sprott Funds Trust

**Signature:** /s/ Thomas W. Ulrich

**Name of Signer:** Thomas W. Ulrich

**Title:** General Counsel