# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0001145549-23-010631
**Filing Date:** 2023-2
**Character Count:** 24463
**Document Hash:** a91970427cdf377e9f1b15fc8cbe7223
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010631.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010631

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPROTT FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001728683
- **IRS NUMBER:** 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:** 23672515

**BUSINESS ADDRESS:**
- **STREET 1:** 1910 PALOMAR POINT WAY
- **STREET 2:** SUITE 200
- **CITY:** CARLSBAD
- **STATE:** CA
- **ZIP:** 92008-5578
- **BUSINESS PHONE:** 760-444-5254

**MAIL ADDRESS:**
- **STREET 1:** 1910 PALOMAR POINT WAY
- **STREET 2:** SUITE 200
- **CITY:** CARLSBAD
- **STATE:** CA
- **ZIP:** 92008-5578

**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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $898678196.49

**Total Liabilities:** $60929969.56

**Net Assets:** $837748226.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216003 | -2.21%               | 19.77%               | 0.13%                |
| Class ID C000216004 | -2.26%               | 19.74%               | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11232530.61            | $-3768961.29                               |
| Month 2  | $-16906196.79            | $152922826.43                              |
| Month 3  | $-15247054.39            | $16770710.24                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SUNSHINE SILVER MINING AND REFINING             | SUNSHINE SILVER MINING AND REFINING             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    243690 | NS      | $1330549.20   | 0.16%             |  |  |  | No            | 3                  | On Loan: No      |
| NICKEL CREEK PLATINUM WTS C$0.08 EXP 07/01/2024 | NICKEL CREEK PLATINUM WTS C$0.08 EXP 07/01/2024 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1658293 | NS      | $6123.68      | 0.00%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Alamos Gold Inc                                 | Alamos Gold Inc                                 | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |   3799600 | NS      | $38413956.00  | 4.59%             |  |  |  | No            | 1                  | On Loan: No      |
| AngloGold Ashanti Ltd                           | AngloGold Ashanti Ltd                           | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |    851500 | NS      | $16536130.00  | 1.97%             |  |  |  | No            | 1                  | On Loan: —       |
| Seabridge Gold Inc                              | Seabridge Gold Inc                              | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |    850000 | NS      | $10693000.00  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Treasury Portfolio                      | Invesco Treasury Portfolio                      | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   7642042 | NS      | $7642042.17   | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                          | Agnico Eagle Mines Ltd                          | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |    754602 | NS      | $39212552.97  | 4.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Contango ORE Inc                                | Contango ORE Inc                                | CUSIP: 21077F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    263200 | NS      | $5952268.00   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Sibanye Stillwater Ltd                          | Sibanye Stillwater Ltd                          | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |   1864000 | NS      | $19870240.00  | 2.37%             |  |  |  | No            | 1                  | On Loan: —       |
| I-Pulse, Inc.                                   | I-Pulse, Inc.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     74532 | NS      | $596256.00    | 0.07%             |  |  |  | No            | 3                  | On Loan: No      |
| Gold Bullion International LLC                  | Gold Bullion International LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   5000000 | NS      | $6900000.00   | 0.82%             |  |  |  | No            | 3                  | 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      | $12945814.97  | 1.55%             |  |  |  | No            | N/A                | On Loan: No      |
| Northern Star Resources Ltd                     | Northern Star Resources Ltd                     | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |   3226500 | NS      | $23966716.60  | 2.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Pan American Silver Corp                        | Pan American Silver Corp                        | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    863445 | NS      | $14108691.30  | 1.68%             |  |  |  | No            | 1                  | On Loan: —       |
| Bear Creek Mining Corp                          | Bear Creek Mining Corp                          | CUSIP: 07380N104<br>LEI: 549300C9IY653M7KMK88 | Long             | EC               | CORP              | CA        |   3054000 | NS      | $1702932.05   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Gatos Silver Inc                                | Gatos Silver Inc                                | CUSIP: 368036109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1265348 | NS      | $5175271.97   | 0.62%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC       | Mount Vernon Liquid Assets Portfolio, LLC       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  59219943 | NS      | $59219942.56  | 7.07%             |  |  |  | No            | 1                  | On Loan: No      |
| FALCO RESOURCES LTD - PP (12/19/21)             | FALCO RESOURCES LTD - PP (12/19/21)             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   3750000 | NS      | $1107.83      | 0.00%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Equinox Gold Corp                               | Equinox Gold Corp                               | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   4954995 | NS      | $16211689.70  | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Victoria Gold Corp                              | Victoria Gold Corp                              | CUSIP: 92625W507<br>LEI: 549300VUIN6RQ5764L78 | Long             | EC               | CORP              | CA        |   1964600 | NS      | $10374364.84  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERNATIONAL TOWER                             | INTERNATIONAL TOWER                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  18664631 | NS      | $7995189.05   | 0.95%             |  |  |  | Yes           | 1                  | On Loan: No      |
| MAG SILVER CORP                                 | MAG SILVER CORP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1432665 | NS      | $22378777.51  | 2.67%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Jaguar Mining Inc                               | Jaguar Mining Inc                               | CUSIP: 47009M889<br>LEI: 549300IRKN0GXIRGS617 | Long             | EC               | CORP              | CA        |   5736559 | NS      | $11439223.80  | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Vizsla Silver Corp                              | Vizsla Silver Corp                              | CUSIP: 92859G202<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |   3437500 | NS      | $3935099.70   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Baru Gold Corp                                  | Baru Gold Corp                                  | CUSIP: 06968L100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |  13290993 | NS      | $147241.43    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Aclara Resources Inc                            | Aclara Resources Inc                            | CUSIP: 00461M103<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |    524621 | NS      | $123987.16    | 0.01%             |  |  |  | No            | 1                  | On Loan: —       |
| Osisko Development Corp                         | Osisko Development Corp                         | CUSIP: 68828E809<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |    844465 | NS      | $3598643.32   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Osisko Gold Royalties Ltd                       | Osisko Gold Royalties Ltd                       | CUSIP: 68827L101<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |   2254467 | NS      | $27173487.03  | 3.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Endeavour Mining PLC                            | Endeavour Mining PLC                            | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |   1238000 | NS      | $26497214.48  | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| i-80 Gold Corp                                  | i-80 Gold Corp                                  | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |  15915264 | NS      | $44431091.52  | 5.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Falco Resources Ltd                             | Falco Resources Ltd                             | CUSIP: 30606C108<br>LEI: 5299006U99RGRY0E9F15 | Long             | EC               | CORP              | CA        |  23722300 | NS      | $1839617.06   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| OSISKO DEVELOPMENT CORP                         | Osisko Development Corp                         | CUSIP: 68828E114<br>LEI: 984500A8CC57F67DJ124 | N/A              | DE               | CORP              | CA        |    222233 | NS      | $39801.76     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CONTANGO ORE (PRIVATE)                          | CONTANGO ORE (PRIVATE)                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $2261500.00   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| IVANHOE ELECTRIC PVT                            | IVANHOE ELECTRIC PVT                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      6996 | NS      | $85001.40     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Lundin Gold Inc                                 | Lundin Gold Inc                                 | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |   1000000 | NS      | $9771048.74   | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| SilverCrest Metals Inc                          | SilverCrest Metals Inc                          | CUSIP: 828363101<br>LEI: 549300M4CUMXUHSXYQ10 | Long             | EC               | CORP              | CA        |   4056600 | NS      | $24267695.72  | 2.90%             |  |  |  | No            | 1                  | On Loan: No      |
| OSISKO DEV WARRANTS                             | OSISKO DEV WARRANTS                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    499999 | NS      | $90140.14     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| VIZSLA SILVER                                   | VIZSLA SILVER                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1718750 | NS      | $303256.55    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Bullion                                    | Gold Bullion                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     63791 | NS      | $116355530.85 | 13.89%            |  |  |  | No            | 1                  | On Loan: No      |
| ELECTRUM LTD                                    | ELECTRUM LTD                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2127287 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Perseus Mining Ltd                              | Perseus Mining Ltd                              | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |  19500000 | NS      | $28013617.02  | 3.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Wesdome Gold Mines Ltd                          | Wesdome Gold Mines Ltd                          | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |   3065200 | NS      | $16933305.76  | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanaGold Corp                                 | OceanaGold Corp                                 | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | AU        |  13500000 | NS      | $25723781.39  | 3.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution Mining Ltd                            | Evolution Mining Ltd                            | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |   5873421 | NS      | $11916796.31  | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| West African Resources Ltd                      | West African Resources Ltd                      | CUSIP: N/A<br>LEI: 529900XLO8GMJNTUL013       | Long             | EC               | CORP              | AU        |  24900000 | NS      | $19920000.00  | 2.38%             |  |  |  | No            | 1                  | On Loan: No      |
| International Tower Hill Mines                  | International Tower Hill Mines Ltd              | CUSIP: 46050R102<br>LEI: 529900QWPB33AJTGMU33 | Long             | EC               | CORP              | CA        |    869529 | NS      | $372471.80    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Torex Gold Resources Inc                        | Torex Gold Resources Inc                        | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |   2233900 | NS      | $25655203.10  | 3.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Osisko Mining Inc                               | Osisko Mining Inc                               | CUSIP: 688281104<br>LEI: 254900SJU6CW31RVHW15 | Long             | EC               | CORP              | CA        |  15384239 | NS      | $39767235.23  | 4.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Strategic Metals Ltd                            | Strategic Metals Ltd                            | CUSIP: 862759107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   9886500 | NS      | $1898441.65   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Trifecta Gold Ltd                               | Trifecta Gold Ltd                               | CUSIP: 89615V101<br>LEI: 254900R0OQYXKC78JZ14 | Long             | EC               | CORP              | CA        |   2325199 | NS      | $85864.07     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| SSR Mining Inc                                  | SSR Mining Inc                                  | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |   1225300 | NS      | $19175854.51  | 2.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Bellevue Gold Ltd                               | Bellevue Gold Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  16235905 | NS      | $12491283.51  | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| NICKEL CREEK PLATINUM CORP                      | NICKEL CREEK PLATINUM CORP                      | CUSIP: 949504104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |  14037494 | NS      | $570208.40    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Maverix Metals Inc                              | Maverix Metals Inc                              | CUSIP: 57776F405<br>LEI: 549300CPYYBEBU8HQN80 | Long             | EC               | CORP              | CA        |   3642700 | NS      | $17002853.77  | 2.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Gold Fields Ltd                                 | Gold Fields Ltd                                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |   2481000 | NS      | $25678350.00  | 3.07%             |  |  |  | No            | 1                  | On Loan: —       |
| International Tower Hill Mines                  | International Tower Hill Mines Ltd              | CUSIP: 46050R102<br>LEI: 529900QWPB33AJTGMU33 | Long             | EC               | CORP              | CA        |   6750222 | NS      | $2870194.39   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| MAG Silver Corp                                 | MAG Silver Corp                                 | CUSIP: 55903Q104<br>LEI: 254900LGL904N7F3EL14 | Long             | EC               | CORP              | CA        |   1742835 | NS      | $27240511.05  | 3.25%             |  |  |  | No            | 1                  | On Loan: —       |
| Maverix Metals Inc                              | Maverix Metals Inc                              | CUSIP: 57776F405<br>LEI: 549300CPYYBEBU8HQN80 | Long             | EC               | CORP              | CA        |    724564 | NS      | $3390959.52   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| New Gold Inc                                    | New Gold Inc                                    | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |  13633100 | NS      | $13360438.00  | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Novagold Resources Inc                          | Novagold Resources Inc                          | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | CA        |   2030800 | NS      | $12144184.00  | 1.45%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Sprott Funds Trust

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

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

**Title:** General Counsel