# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0001049169-26-001631
**Filing Date:** 2026-6
**Character Count:** 104777
**Document Hash:** d5bed788d2670da0ff2a1e1cd4ad2a88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001631.hdr.sgml**: 20260602

**ACCESSION NUMBER**: 0001049169-26-001631

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260602

**DATE AS OF CHANGE**: 20260602

**PERIOD START**: 20261231

**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/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23382
- **FILM NUMBER:** 261054888

**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 URANIUM MINERS ETF (Series ID: S000075060)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000233863 | SPROTT URANIUM MINERS ETF |  |

## Nport-Ex

**Sprott Junior Gold Miners ETF**

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***COMMON STOCKS (99.81%)*** |  |  |
| ***Diversified Metals & Mining (5.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Collective Mining, Ltd.<sup>(a)</sup> | 593819 | $10428437 |
| &nbsp;&nbsp;&nbsp;TR Anadolu Metal Madencilik Isletmeleri AS<sup>(a)</sup> | 3101138 | 8304034 |
| **Total Diversified Metals & Mining** |  | 18732471 |
| ***Gold Mining (87.45%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Alkane Resources, Ltd.<sup>(a)</sup> | 8991080 | 8808824 |
| &nbsp;&nbsp;&nbsp;Allied Gold Corp.<sup>(a)</sup> | 508139 | 15750811 |
| &nbsp;&nbsp;&nbsp;Aris Mining Corp.<sup>(a)</sup> | 836603 | 15534078 |
| &nbsp;&nbsp;&nbsp;Bellevue Gold, Ltd.<sup>(a)(b)</sup> | 9229033 | 9487684 |
| &nbsp;&nbsp;&nbsp;Catalyst Metals, Ltd.<sup>(a)</sup> | 2086538 | 9069526 |
| &nbsp;&nbsp;&nbsp;Centerra Gold, Inc. | 883280 | 15708682 |
| &nbsp;&nbsp;&nbsp;DRDGOLD, Ltd. | 3189659 | 9313795 |
| &nbsp;&nbsp;&nbsp;Emerald Resources NL<sup>(a)</sup> | 2449221 | 9074443 |
| &nbsp;&nbsp;&nbsp;Firefinch, Ltd.<sup>(a)(b)(c)</sup> | 6635363 | 32046 |
| &nbsp;&nbsp;&nbsp;Fortuna Mining Corp.<sup>(a)(b)</sup> | 1434655 | 14263014 |
| &nbsp;&nbsp;&nbsp;i-80 Gold Corp.<sup>(a)(b)</sup> | 5632930 | 8543945 |
| &nbsp;&nbsp;&nbsp;Kingsgate Consolidated, Ltd. | 3524270 | 10698911 |
| &nbsp;&nbsp;&nbsp;McEwen, Inc.<sup>(a)(b)</sup> | 425510 | 8688914 |
| &nbsp;&nbsp;&nbsp;Ora Banda Mining, Ltd.<sup>(a)</sup> | 11562896 | 9294163 |
| &nbsp;&nbsp;&nbsp;Pantoro Gold, Ltd.<sup>(a)</sup> | 2725136 | 6242291 |
| &nbsp;&nbsp;&nbsp;Perpetua Resources Corp.<sup>(a)(b)</sup> | 497379 | 14015712 |
| &nbsp;&nbsp;&nbsp;Predictive Discovery, Ltd.<sup>(a)</sup> | 16049845 | 8249827 |
| &nbsp;&nbsp;&nbsp;Resolute Mining, Ltd.<sup>(a)</sup> | 10164744 | 9783368 |
| &nbsp;&nbsp;&nbsp;Rupert Resources, Ltd.<sup>(a)</sup> | 1826673 | 8443324 |
| &nbsp;&nbsp;&nbsp;Seabridge Gold, Inc.<sup>(a)(b)</sup> | 445763 | 12632923 |
| &nbsp;&nbsp;&nbsp;Snowline Gold Corp.<sup>(a)</sup> | 772294 | 7705730 |
| &nbsp;&nbsp;&nbsp;Southern Cross Gold Consolidated, Ltd.<sup>(a)(b)</sup> | 1472625 | 9368652 |
| &nbsp;&nbsp;&nbsp;Tongguan Gold Group, Ltd. | 22798000 | 8402568 |
| &nbsp;&nbsp;&nbsp;Turk Altin Isletmeleri AS<sup>(a)</sup> | 13340671 | 12578034 |
| &nbsp;&nbsp;&nbsp;Vault Minerals, Ltd. | 4304899 | 12385592 |
| &nbsp;&nbsp;&nbsp;Victoria Gold Corp./Vancouver<sup>(a)(b)(c)</sup> | 968690 |  |
| &nbsp;&nbsp;&nbsp;Wesdome Gold Mines, Ltd.<sup>(a)(b)</sup> | 733135 | 13091132 |
| &nbsp;&nbsp;&nbsp;West African Resources, Ltd.<sup>(a)</sup> | 4661646 | 10292171 |
| **Total Gold Mining** |  | 277460160 |
| ***Precious Metals & Minerals Mining (2.65%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Avino Silver & Gold Mines, Ltd.<sup>(a)(b)</sup> | 1323025 | 8397894 |
| ***Silver Mining (3.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Endeavour Silver Corp.<sup>(a)(b)</sup> | 1294142 | 12075310 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $244,645,491) |  | 316665835 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (5.90%)** |  |  |  |
| **Money Market Fund (0.13%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $415,064) | 3.58% | 415064 | $415064 |
| **Investments Purchased with Collateral from Securities Loaned (5.77%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $18,315,843) |  | 18315843 | $18315843 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $18,730,907) |  |  | 18730907 |
| **TOTAL INVESTMENTS (105.71%)** |  |  |  |
| (Cost $263,376,398) |  |  | $335396742 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-5.71%)** |  |  | (18114628) |
| **NET ASSETS - 100.00%** |  |  | $317282114 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $20,471,274. The loaned securities were secured with cash collateral of $18,315,843 and non-cash collateral with the value of $1,528,359. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(c)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

**Sprott Gold Miners ETF<br> Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.91%)** |  |  |
| ***Gold Mining (99.91%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Agnico Eagle Mines, Ltd. | 397548 | $80695585 |
| &nbsp;&nbsp;&nbsp;Alamos Gold, Inc., Class A | 53668 | 2387688 |
| &nbsp;&nbsp;&nbsp;Allied Gold Corp.<sup>(a)</sup> | 61962 | 1920639 |
| &nbsp;&nbsp;&nbsp;Anglogold Ashanti PLC | 140340 | 13663502 |
| &nbsp;&nbsp;&nbsp;Aris Mining Corp.<sup>(a)</sup> | 102762 | 1908089 |
| &nbsp;&nbsp;&nbsp;B2Gold Corp. | 4363142 | 19822484 |
| &nbsp;&nbsp;&nbsp;Barrick Mining Corp.<sup>(b)</sup> | 1458020 | 59584816 |
| &nbsp;&nbsp;&nbsp;Centerra Gold, Inc. | 1123743 | 19985193 |
| &nbsp;&nbsp;&nbsp;Coeur Mining, Inc.<sup>(a)</sup> | 1347590 | 25294264 |
| &nbsp;&nbsp;&nbsp;DPM Metals, Inc.<sup>(b)</sup> | 602503 | 21213857 |
| &nbsp;&nbsp;&nbsp;Eldorado Gold Corp.<sup>(b)</sup> | 66122 | 2270612 |
| &nbsp;&nbsp;&nbsp;Endeavour Mining PLC<sup>(b)</sup> | 448102 | 26868081 |
| &nbsp;&nbsp;&nbsp;Equinox Gold Corp.<sup>(b)</sup> | 161068 | 2326113 |
| &nbsp;&nbsp;&nbsp;Fortuna Mining Corp.<sup>(a)</sup> | 152779 | 1518894 |
| &nbsp;&nbsp;&nbsp;Franco-Nevada Corp. | 192496 | 47663897 |
| &nbsp;&nbsp;&nbsp;G Mining Ventures Corp.<sup>(a)</sup> | 69376 | 2434718 |
| &nbsp;&nbsp;&nbsp;Gold Fields, Ltd., Sponsored ADR | 189076 | 8584051 |
| &nbsp;&nbsp;&nbsp;Harmony Gold Mining Co., Ltd., Sponsored ADR | 136569 | 2099066 |
| &nbsp;&nbsp;&nbsp;IAMGOLD Corp.<sup>(a)</sup> | 1228495 | 23102170 |
| &nbsp;&nbsp;&nbsp;K92 Mining, Inc.<sup>(a)(b)</sup> | 127829 | 2169537 |
| &nbsp;&nbsp;&nbsp;Kinross Gold Corp. | 1324083 | 40481094 |
| &nbsp;&nbsp;&nbsp;Lundin Gold, Inc.<sup>(b)</sup> | 372877 | 28495834 |
| &nbsp;&nbsp;&nbsp;Montage Gold Corp.<sup>(a)</sup> | 181940 | 2070383 |
| &nbsp;&nbsp;&nbsp;Newmont Corp. | 520037 | 56294005 |
| &nbsp;&nbsp;&nbsp;Novagold Resources, Inc.<sup>(a)(b)</sup> | 222401 | 2003224 |
| &nbsp;&nbsp;&nbsp;OceanaGold Corp. | 628767 | 19824399 |
| &nbsp;&nbsp;&nbsp;OR Royalties, Inc. | 551793 | 21011053 |
| &nbsp;&nbsp;&nbsp;Orla Mining, Ltd.<sup>(b)</sup> | 1248491 | 20076733 |
| &nbsp;&nbsp;&nbsp;Pan American Silver Corp. | 44898 | 2456141 |
| &nbsp;&nbsp;&nbsp;Perpetua Resources Corp.<sup>(a)</sup> | 60968 | 1718026 |
| &nbsp;&nbsp;&nbsp;Royal Gold, Inc. | 9566 | 2434451 |
| &nbsp;&nbsp;&nbsp;Seabridge Gold, Inc.<sup>(a)(b)</sup> | 52089 | 1477184 |
| &nbsp;&nbsp;&nbsp;Skeena Resources, Ltd.<sup>(a)(b)</sup> | 60445 | 1800184 |
| &nbsp;&nbsp;&nbsp;Southern Cross Gold Consolidated, Ltd.<sup>(a)(b)</sup> | 129300 | 822590 |
| &nbsp;&nbsp;&nbsp;SSR Mining, Inc.<sup>(a)</sup> | 740532 | 21751231 |
| &nbsp;&nbsp;&nbsp;Torex Gold Resources, Inc.<sup>(b)</sup> | 403562 | 18523064 |
| &nbsp;&nbsp;&nbsp;Triple Flag Precious Metals Corp.<sup>(b)</sup> | 612191 | 21255715 |
| &nbsp;&nbsp;&nbsp;Wesdome Gold Mines, Ltd.<sup>(a)</sup> | 1168718 | 20869064 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals Corp. | 410827 | 53926397 |
| **Total Gold Mining** |  | 702804028 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $377,821,332) |  | 702804028 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (4.39%)** |  |  |  |
| **Money Market Fund (0.09%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $652,420) | 3.58% | 652420 | $652420 |
| **Investments Purchased with Collateral from Securities Loaned (4.30%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $30,253,587) |  | 30253587 | $30253587 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $30,906,007) |  |  | 30906007 |
| **TOTAL INVESTMENTS (104.30%)** |  |  |  |
| (Cost $408,727,339) |  |  | $733710035 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-4.30%)** |  |  | (30247357) |
| **NET ASSETS - 100.00%** |  |  | $703462678 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $33,032,283. The loaned securities were secured with cash collateral of $30,253,587 and non-cash collateral with the value of $1,961,226. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

**Sprott Uranium Miners ETF** 

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **CLOSED END FUND (13.55%)** |  |  |
| &nbsp;&nbsp;&nbsp;Sprott Physical Uranium Trust<sup>(a)(b)</sup> | 14374486 | $290362344 |
| **TOTAL CLOSED END FUND** |  |  |
| (Cost $248,766,950) |  | 290362344 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (86.06%)** |  |  |
| ***Coal & Consumable Fuels (85.00%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Atha Energy Corp.<sup>(a)(b)(c)</sup> | 31371972 | 18492572 |
| &nbsp;&nbsp;&nbsp;Aura Energy, Ltd.<sup>(a)(b)(c)</sup> | 69233601 | 5732128 |
| &nbsp;&nbsp;&nbsp;Bannerman Energy, Ltd.<sup>(a)(b)(c)</sup> | 20135364 | 50707253 |
| &nbsp;&nbsp;&nbsp;Berkeley Energia, Ltd.<sup>(a)(b)(c)</sup> | 25286541 | 8367264 |
| &nbsp;&nbsp;&nbsp;Boss Energy, Ltd.<sup>(a)(b)</sup> | 41759003 | 43937739 |
| &nbsp;&nbsp;&nbsp;Cameco Corp. | 4065822 | 441588927 |
| &nbsp;&nbsp;&nbsp;CanAlaska Uranium, Ltd.<sup>(a)(b)(c)</sup> | 21659047 | 11832992 |
| &nbsp;&nbsp;&nbsp;CGN Mining Co., Ltd. | 181600300 | 89396669 |
| &nbsp;&nbsp;&nbsp;Deep Yellow, Ltd.<sup>(a)(b)</sup> | 69192062 | 83304688 |
| &nbsp;&nbsp;&nbsp;Denison Mines Corp.<sup>(a)(c)</sup> | 28459057 | 100460471 |
| &nbsp;&nbsp;&nbsp;Encore Energy Corp.<sup>(a)(b)(c)</sup> | 19480204 | 35288702 |
| &nbsp;&nbsp;&nbsp;Energy Fuels, Inc.<sup>(a)</sup> | 5486696 | 100132202 |
| &nbsp;&nbsp;&nbsp;IsoEnergy, Ltd.<sup>(a)(b)(c)</sup> | 4042315 | 42832092 |
| &nbsp;&nbsp;&nbsp;Laramide Resources, Ltd.<sup>(a)(b)</sup> | 21568513 | 10698206 |
| &nbsp;&nbsp;&nbsp;Lotus Resources, Ltd.<sup>(a)(b)(c)</sup> | 26206935 | 23053887 |
| &nbsp;&nbsp;&nbsp;Mega Uranium, Ltd.<sup>(a)(b)(c)</sup> | 35120624 | 15147994 |
| &nbsp;&nbsp;&nbsp;NAC Kazatomprom JSC, GDR<sup>(d)</sup> | 1292086 | 100782708 |
| &nbsp;&nbsp;&nbsp;NexGen Energy, Ltd.<sup>(a)</sup> | 23277293 | 270016599 |
| &nbsp;&nbsp;&nbsp;Paladin Energy, Ltd.<sup>(a)</sup> | 12347200 | 94134430 |
| &nbsp;&nbsp;&nbsp;Peninsula Energy, Ltd.<sup>(a)(b)</sup> | 27769554 | 12453746 |
| &nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)(c)</sup> | 7787419 | 105130156 |
| &nbsp;&nbsp;&nbsp;Uranium Royalty Corp.<sup>(a)</sup> | 5087575 | 18651882 |
| &nbsp;&nbsp;&nbsp;Ur-Energy, Inc.<sup>(a)(b)(c)</sup> | 35881771 | 53463839 |
| &nbsp;&nbsp;&nbsp;Yellow Cake PLC<sup>(a)(d)(e)</sup> | 10894712 | 86016197 |
| **Total Coal & Consumable Fuels** |  | 1821623343 |
| ***Diversified Metals & Mining (1.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Global Atomic Corp.<sup>(a)(b)</sup> | 39596572 | 22771373 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $1,347,019,610) |  | 1844394716 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day <br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (1.47%)** |  |  |  |
| **Money Market Fund (0.06%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $1,486,208) | 3.58% | 1486208 | $1486208 |
| **Investments Purchased with Collateral from Securities Loaned (1.41%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $30,133,563) |  | 30133563 | $30133563 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $31,619,771) |  |  | 31619771 |
| **TOTAL INVESTMENTS (101.08%)** |  |  |  |
| (Cost $1,627,406,331) |  |  | $2166376831 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.08%)** |  |  | (23154067) |
| **NET ASSETS - 100.00%** |  |  | $2143222764 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Affiliate of the Fund. See table below (Affiliated Investments).*

*<sup>(c)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $103,706,982 ($77,230,353 Unaffiliated and $26,476,629 Affiliated). The loaned securities were secured with cash collateral of $30,133,563 and non-cash collateral with the value of $70,650,403. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(d)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2026, the market value of those securities was $186,798,905 , representing 8.72% of net assets.*

*<sup>(e)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the aggregate market value of those securities was $86,016,197, representing 4.01% of net assets.*

**AFFILIATED INVESTMENTS**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Shares as of January 1, 2026** | **Market Value as of January 1, 2026** | **Purchases (Shares)** | **Purchases (Cost)** | **Sales (Shares)** | **Sales (Proceeds)** | **Change in Unrealized Gain/(Loss)** | **Realized Gain/(Loss)** | **Market Value as of March <br> 31, 2026** | **Share Balance <br> as of <br> March 31, 2026** |
| ***Closed End Fund*** |  |  |  |  |  |  |  |  |  |  |
| Sprott Physical Uranium Trust <sup>(a)</sup> | 12259363 | $239640603 | 3250988 | $66803594 | (1135865) | $(23454437) | $(1179939) | $8552523 | $290362344 | 14374486 |
| **Common Stock** |  |  |  |  |  |  |  |  |  |  |
| **Coal & Consumable Fuels** |  |  |  |  |  |  |  |  |  |  |
| Bannerman Energy, Ltd. <sup>(a)(b)</sup> | 16724012 | 37165463 | 4794732 | 13316458 | (1383380) | (3858364) | 2428636 | 1655060 | 50707253 | 20135364 |
| Laramide Resources, Ltd. <sup>(a)</sup> | 18390817 | 7637438 | 4680469 | 2645486 | (1502773) | (857634) | 1117850 | 155066 | 10698206 | 21568513 |
| CanAlaska Uranium, Ltd. <sup>(a)(b)</sup> | 17359027 | 7461896 | 5797315 | 3343880 | (1497295) | (878179) | 1590454 | 314941 | 11832992 | 21659047 |
| Mega Uranium, Ltd. <sup>(a)(b)</sup> | 29736652 | 10507651 | 7819291 | 3589184 | (2435319) | (1127179) | 1558378 | 619960 | 15147994 | 35120624 |
| Deep Yellow, Ltd. <sup>(a)</sup> | 73307512 | 90016299 | 11733346 | 20038659 | (15848796) | (21283330) | (5002473) | (464467) | 83304688 | 69192062 |
| Ur-Energy, Ltd. <sup>(a)(b)</sup> | 31966693 | 44433703 | 7036016 | 11810491 | (3120938) | (5117717) | 1338824 | 998538 | 53463839 | 35881771 |
| Berkeley Energia, Inc. <sup>(a)(b)</sup> | 25789716 | 8656017 |  |  | (503175) | (158010) | (67107) | (63636) | 8367264 | 25286541 |
| Boss Energy, Ltd. <sup>(a)</sup> | 35273552 | 34485908 | 9500574 | 11168913 | (3015123) | (3537558) | 1186038 | 634438 | 43937739 | 41759003 |
| IsoEnergy, Ltd.<sup>(a)(b)</sup> | 3059051 | 27836907 | 1238996 | 12890161 | (255732) | (2785932) | 4250871 | 640085 | 42832092 | 4042315 |
| Lotus Resource, Ltd.<sup>(a)(b)(c)</sup> | 18234444 | 24489688 | 9526941 | 11808223 | (1554450) | (2332323) | (11134809) | 223108 | 23053887 | 26206935 |
| Encore Energy Corp. <sup>(a)(b)</sup> | 16013776 | 38151650 | 4795409 | 11567337 | (1328981) | (3394686) | (11162822) | 127223 | 35288702 | 19480404 |
| Atha Energy Corp. | 25256401 | 11224658 | 8171462 | 4974267 | (2055891) | (1303463) | 3322389 | 274721 | 18492572 | 31371972 |
| Aura Energy, Ltd.<sup>(a)(b)</sup> | 56182282 | 6561336 | 17672862 | 1964633 | (4621543) | (532690) | (2338336) | 77185 | 5732128 | 69233601 |
| ***Diversified Metals & Mining*** |  |  |  |  |  |  |  |  |  |  |
| Global Atomic Corp. <sup>(a)</sup> | 33071987 | 17348607 | 9332281 | 5617917 | (2807696) | (1664683) | 1231550 | 237982 | 22771373 | 39596572 |
|  |  | $605617824 |  | $181539203 |  | $(72286185) | $(12860496) | $13982727 | $715993073 |  |
| Securities that became affiliated during the period |  |  |  |  |  |  |  |  |  |  |
| **Coal & *Consumable Fuels*** |  |  |  |  |  |  |  |  |  |  |
| Peninsula Energy, Ltd. <sup>(a)</sup> | 10062087 | 4331144 | 18187246 | 10617269 | (479779) | (294799) | (2312104) | 112236 | 12453746 | 27769554 |
|  |  | $609948968 |  | $192156472 |  | $(72580984) | $(15172600) | $14094963 | $728446819 |  |

---

*<sup>(a)</sup>* *Non-income producing security*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position is on loan*

*<sup>(c)</sup>* *Includes effect of a reverse split (1:11.5) effective on January 20, 2026*

**Sprott Critical Materials ETF<br> Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.77%)** |  |  |
| ***Coal & Consumable Fuels (26.12%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Bannerman Energy, Ltd.<sup>(a)(b)</sup> | 310525 | $782001 |
| &nbsp;&nbsp;&nbsp;Boss Energy, Ltd.<sup>(a)(b)</sup> | 1508298 | 1586992 |
| &nbsp;&nbsp;&nbsp;Cameco Corp. | 228464 | 24813475 |
| &nbsp;&nbsp;&nbsp;CGN Mining Co., Ltd. | 13105050 | 6451244 |
| &nbsp;&nbsp;&nbsp;Deep Yellow, Ltd.<sup>(a)(b)</sup> | 1321719 | 1591301 |
| &nbsp;&nbsp;&nbsp;Denison Mines Corp.<sup>(a)(b)</sup> | 3369525 | 11894423 |
| &nbsp;&nbsp;&nbsp;Encore Energy Corp.<sup>(a)</sup> | 703294 | 1274028 |
| &nbsp;&nbsp;&nbsp;Energy Fuels, Inc.<sup>(a)(b)</sup> | 450221 | 8216533 |
| &nbsp;&nbsp;&nbsp;IsoEnergy, Ltd.<sup>(a)</sup> | 73607 | 779935 |
| &nbsp;&nbsp;&nbsp;Lotus Resources, Ltd.<sup>(a)(b)</sup> | 396528 | 348820 |
| &nbsp;&nbsp;&nbsp;NAC Kazatomprom JSC, GDR<sup>(c)</sup> | 366084 | 28554552 |
| &nbsp;&nbsp;&nbsp;NexGen Energy, Ltd.<sup>(a)(b)</sup> | 1092703 | 12675355 |
| &nbsp;&nbsp;&nbsp;Paladin Energy, Ltd.<sup>(a)(b)</sup> | 1795010 | 13685066 |
| &nbsp;&nbsp;&nbsp;Peninsula Energy, Ltd.<sup>(a)(b)</sup> | 1224131 | 548983 |
| &nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)</sup> | 1351260 | 18242010 |
| &nbsp;&nbsp;&nbsp;Uranium Royalty Corp.<sup>(a)(b)</sup> | 226635 | 827218 |
| &nbsp;&nbsp;&nbsp;Ur-Energy, Inc.<sup>(a)</sup> | 1337587 | 1993004 |
| **Total Coal & Consumable Fuels** |  | 134264940 |
| ***Copper Mining (18.38%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aeris Resources, Ltd.<sup>(a)</sup> | 461364 | 125736 |
| &nbsp;&nbsp;&nbsp;Antofagasta PLC | 286351 | 12609723 |
| &nbsp;&nbsp;&nbsp;Arizona Sonoran Copper Co., Inc.<sup>(a)</sup> | 64554 | 324835 |
| &nbsp;&nbsp;&nbsp;Atalaya Mining Copper SA | 63274 | 593780 |
| &nbsp;&nbsp;&nbsp;Capstone Copper Corp.<sup>(a)</sup> | 593362 | 4474421 |
| &nbsp;&nbsp;&nbsp;Central Asia Metals PLC | 83324 | 178224 |
| &nbsp;&nbsp;&nbsp;ERO Copper Corp.<sup>(a)</sup> | 62659 | 1669736 |
| &nbsp;&nbsp;&nbsp;Faraday Copper Corp.<sup>(a)</sup> | 99122 | 299268 |
| &nbsp;&nbsp;&nbsp;First Quantum Minerals, Ltd.<sup>(a)</sup> | 460517 | 11010564 |
| &nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 470798 | 27673506 |
| &nbsp;&nbsp;&nbsp;Hindustan Copper, Ltd. | 290126 | 1387178 |
| &nbsp;&nbsp;&nbsp;Imperial Metals Corp.<sup>(a)</sup> | 39550 | 220907 |
| &nbsp;&nbsp;&nbsp;Jinchuan Group International Resources Co., Ltd.<sup>(b)(d)</sup> | 323600 | 26412 |
| &nbsp;&nbsp;&nbsp;KGHM Polska Miedz SA | 88163 | 6362499 |
| &nbsp;&nbsp;&nbsp;Lundin Mining Corp.<sup>(b)</sup> | 538228 | 13421846 |
| &nbsp;&nbsp;&nbsp;Sandfire Resources, Ltd.<sup>(a)</sup> | 148417 | 1641477 |
| &nbsp;&nbsp;&nbsp;Southern Copper Corp.<sup>(b)</sup> | 61979 | 10664107 |
| &nbsp;&nbsp;&nbsp;Taseko Mines, Ltd.<sup>(a)</sup> | 279486 | 1802685 |
| **Total Copper Mining** |  | 94486904 |
| ***Diversified Metals & Mining (37.82%)*** |  |  |
| &nbsp;&nbsp;&nbsp;29Metals, Ltd.<sup>(a)</sup> | 382350 | 91012 |
| &nbsp;&nbsp;&nbsp;AbraSilver Resource Corp.<sup>(a)(b)</sup> | 266002 | 2407422 |
| &nbsp;&nbsp;&nbsp;Aclara Resources, Inc.<sup>(a)(b)</sup> | 365602 | 877802 |
| &nbsp;&nbsp;&nbsp;AIC Mines, Ltd.<sup>(a)(b)</sup> | 455294 | 160206 |
| &nbsp;&nbsp;&nbsp;American Battery Technology Co.<sup>(a)(b)</sup> | 234756 | 654969 |
| &nbsp;&nbsp;&nbsp;American Rare Earths, Ltd.<sup>(a)</sup> | 1622085 | 352535 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Diversified Metals & Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Americas Gold & Silver Corp.<sup>(a)(b)</sup> | 514034 | $2683258 |
| &nbsp;&nbsp;&nbsp;Amerigo Resources, Ltd. | 94740 | 342565 |
| &nbsp;&nbsp;&nbsp;Arafura Rare Earths, Ltd.<sup>(a)(b)</sup> | 15529920 | 3000164 |
| &nbsp;&nbsp;&nbsp;Australian Strategic Materials, Ltd.<sup>(a)</sup> | 1127478 | 1073507 |
| &nbsp;&nbsp;&nbsp;Blackrock Silver Corp.<sup>(a)(b)</sup> | 511550 | 492759 |
| &nbsp;&nbsp;&nbsp;Brazilian Rare Earths, Ltd.<sup>(a)</sup> | 288134 | 854832 |
| &nbsp;&nbsp;&nbsp;Canada Nickel Co., Inc.<sup>(a)(b)</sup> | 353950 | 407102 |
| &nbsp;&nbsp;&nbsp;Cia de Minas Buenaventura SAA, ADR | 135444 | 4881402 |
| &nbsp;&nbsp;&nbsp;Core Lithium, Ltd.<sup>(a)(b)</sup> | 4716668 | 797295 |
| &nbsp;&nbsp;&nbsp;Critical Metals Corp.<sup>(a)(b)</sup> | 195238 | 1550190 |
| &nbsp;&nbsp;&nbsp;Elevra Lithium, Ltd.<sup>(a)(b)</sup> | 642239 | 3704424 |
| &nbsp;&nbsp;&nbsp;Eramet SA<sup>(b)</sup> | 28297 | 1651716 |
| &nbsp;&nbsp;&nbsp;European Lithium, Ltd.<sup>(a)</sup> | 3538114 | 512636 |
| &nbsp;&nbsp;&nbsp;Global Atomic Corp.<sup>(a)(b)</sup> | 814792 | 468574 |
| &nbsp;&nbsp;&nbsp;Graphite One, Inc.<sup>(a)</sup> | 237394 | 209902 |
| &nbsp;&nbsp;&nbsp;Gruvaktiebolaget Viscaria<sup>(a)</sup> | 100777 | 162663 |
| &nbsp;&nbsp;&nbsp;Hudbay Minerals, Inc. | 209790 | 4384611 |
| &nbsp;&nbsp;&nbsp;IGO, Ltd.<sup>(a)</sup> | 2161704 | 11708024 |
| &nbsp;&nbsp;&nbsp;Iluka Resources, Ltd.<sup>(b)</sup> | 1765497 | 8039493 |
| &nbsp;&nbsp;&nbsp;ioneer, Ltd.<sup>(a)(b)</sup> | 4741652 | 425295 |
| &nbsp;&nbsp;&nbsp;Ivanhoe Electric, Inc. / US<sup>(a)</sup> | 46962 | 555091 |
| &nbsp;&nbsp;&nbsp;Ivanhoe Mines, Ltd.<sup>(a)(b)</sup> | 300794 | 2570944 |
| &nbsp;&nbsp;&nbsp;Jupiter Mines, Ltd. | 4689041 | 841153 |
| &nbsp;&nbsp;&nbsp;Lake Resources NL<sup>(a)</sup> | 4449958 | 227198 |
| &nbsp;&nbsp;&nbsp;Leo Lithium, Ltd.<sup>(d)</sup> | 23792 |  |
| &nbsp;&nbsp;&nbsp;Lifezone Metals, Ltd.<sup>(a)(b)</sup> | 83370 | 280123 |
| &nbsp;&nbsp;&nbsp;Lindian Resources, Ltd.<sup>(a)</sup> | 6268159 | 3827375 |
| &nbsp;&nbsp;&nbsp;Liontown, Ltd.<sup>(a)</sup> | 8380281 | 9829360 |
| &nbsp;&nbsp;&nbsp;Lithium Americas Corp.<sup>(a)(b)</sup> | 543839 | 2148164 |
| &nbsp;&nbsp;&nbsp;Lithium Argentina AG<sup>(a)</sup> | 270926 | 1809786 |
| &nbsp;&nbsp;&nbsp;Lynas Rare Earths, Ltd.<sup>(a)</sup> | 2132991 | 27902627 |
| &nbsp;&nbsp;&nbsp;Magna Mining, Inc.<sup>(a)</sup> | 365507 | 599063 |
| &nbsp;&nbsp;&nbsp;Merdeka Battery Materials Tbk PT<sup>(a)</sup> | 71134600 | 3055592 |
| &nbsp;&nbsp;&nbsp;Meteoric Resources NL<sup>(a)(b)</sup> | 12917549 | 1470557 |
| &nbsp;&nbsp;&nbsp;Midnight Sun Mining Corp.<sup>(a)</sup> | 98822 | 88798 |
| &nbsp;&nbsp;&nbsp;Minsur SA | 480415 | 883547 |
| &nbsp;&nbsp;&nbsp;Mkango Resources, Ltd.<sup>(a)</sup> | 1164272 | 594834 |
| &nbsp;&nbsp;&nbsp;MMG, Ltd.<sup>(a)</sup> | 2909920 | 2679389 |
| &nbsp;&nbsp;&nbsp;MP Materials Corp.<sup>(a)(b)</sup> | 326964 | 15779283 |
| &nbsp;&nbsp;&nbsp;NGEx Minerals, Ltd.<sup>(a)(b)</sup> | 65933 | 1199127 |
| &nbsp;&nbsp;&nbsp;Nickel Industries, Ltd. | 4473527 | 2731562 |
| &nbsp;&nbsp;&nbsp;NioCorp Developments, Ltd.<sup>(a)(b)</sup> | 583898 | 2604185 |
| &nbsp;&nbsp;&nbsp;Northern Minerals, Ltd.<sup>(a)</sup> | 35012327 | 579762 |
| &nbsp;&nbsp;&nbsp;Nouveau Monde Graphite, Inc.<sup>(a)(b)</sup> | 146212 | 327515 |
| &nbsp;&nbsp;&nbsp;Pam Mineral Tbk PT | 10571000 | 503840 |
| &nbsp;&nbsp;&nbsp;Pensana PLC<sup>(a)(b)</sup> | 991934 | 1194753 |
| &nbsp;&nbsp;&nbsp;Philex Mining Corp. | 1036200 | 145153 |
| &nbsp;&nbsp;&nbsp;PLS Group, Ltd.<sup>(a)</sup> | 7621234 | 26922352 |
| &nbsp;&nbsp;&nbsp;PMET Resources, Inc.<sup>(a)</sup> | 1079281 | 342539 |
| &nbsp;&nbsp;&nbsp;Rainbow Rare Earths, Ltd.<sup>(a)</sup> | 1927702 | 599600 |
| &nbsp;&nbsp;&nbsp;Sigma Lithium Corp.<sup>(a)</sup> | 261521 | 3227169 |
| &nbsp;&nbsp;&nbsp;Silver X Mining Corp.<sup>(a)(b)</sup> | 470906 | 250500 |
| &nbsp;&nbsp;&nbsp;Solaris Resources, Inc.<sup>(a)</sup> | 48978 | 422849 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Diversified Metals & Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Standard Lithium, Ltd.<sup>(a)</sup> | 461553 | $1573896 |
| &nbsp;&nbsp;&nbsp;Sunrise Energy Metals, Ltd.<sup>(a)</sup> | 369591 | 2241445 |
| &nbsp;&nbsp;&nbsp;Syrah Resources, Ltd.<sup>(a)(b)</sup> | 2987755 | 267982 |
| &nbsp;&nbsp;&nbsp;Talon Metals Corp.<sup>(a)(b)</sup> | 183803 | 832407 |
| &nbsp;&nbsp;&nbsp;Teck Resources, Ltd., Class B | 271150 | 14032013 |
| &nbsp;&nbsp;&nbsp;Trilogy Metals, Inc.<sup>(a)(b)</sup> | 64208 | 230507 |
| &nbsp;&nbsp;&nbsp;Trimegah Bangun Persada Tbk PT | 21364800 | 1364018 |
| &nbsp;&nbsp;&nbsp;Vale Indonesia Tbk PT | 7893050 | 2484793 |
| &nbsp;&nbsp;&nbsp;Vizsla Silver Corp.<sup>(a)(b)</sup> | 625188 | 2063120 |
| &nbsp;&nbsp;&nbsp;Vulcan Energy Resources, Ltd.<sup>(a)</sup> | 391690 | 862087 |
| &nbsp;&nbsp;&nbsp;Xinjiang Xinxin Mining Industry Co., Ltd.<sup>(b)</sup> | 1489000 | 389284 |
| **Total Diversified Metals & Mining** |  | 194429700 |
| ***Electrical Components & Equipment (0.03%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Westwater Resources, Inc.<sup>(a)(b)</sup> | 213386 | 139533 |
| ***Environmental & Facilities Services (0.17%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Sungeel Hitech Co., Ltd.<sup>(a)</sup> | 22464 | 875592 |
| ***Gold Mining (0.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aneka Tambang Tbk | 15002900 | 3089832 |
| &nbsp;&nbsp;&nbsp;Atex Resources, Inc.<sup>(a)</sup> | 125820 | 290333 |
| &nbsp;&nbsp;&nbsp;FireFly Metals, Ltd.<sup>(a)</sup> | 314753 | 377865 |
| &nbsp;&nbsp;&nbsp;Unico Silver, Ltd.<sup>(a)(b)</sup> | 987136 | 412050 |
| **Total Gold Mining** |  | 4170080 |
| ***Precious Metals & Minerals Mining (0.66%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Avino Silver & Gold Mines, Ltd.<sup>(a)</sup> | 440870 | 2786298 |
| &nbsp;&nbsp;&nbsp;Guanajuato Silver Co., Ltd.<sup>(a)(b)</sup> | 1335006 | 585403 |
| **Total Precious Metals & Minerals Mining** |  | 3371701 |
| ***Silver Mining (8.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aftermath Silver, Ltd.<sup>(a)</sup> | 438966 | 265065 |
| &nbsp;&nbsp;&nbsp;Andean Precious Metals Corp.<sup>(a)</sup> | 90668 | 452981 |
| &nbsp;&nbsp;&nbsp;Aya Gold & Silver, Inc.<sup>(a)(b)</sup> | 477093 | 7277632 |
| &nbsp;&nbsp;&nbsp;Endeavour Silver Corp.<sup>(a)(b)</sup> | 574815 | 5351528 |
| &nbsp;&nbsp;&nbsp;First Majestic Silver Corp. | 987419 | 21209760 |
| &nbsp;&nbsp;&nbsp;Kootenay Silver, Inc.<sup>(a)</sup> | 156833 | 166856 |
| &nbsp;&nbsp;&nbsp;New Pacific Metals Corp.<sup>(a)(b)</sup> | 202842 | 839766 |
| &nbsp;&nbsp;&nbsp;Silver Mines, Ltd.<sup>(a)(b)</sup> | 3873418 | 467681 |
| &nbsp;&nbsp;&nbsp;Silvercorp Metals, Inc.<sup>(b)</sup> | 504075 | 5413765 |
| **Total Silver Mining** |  | 41445034 |
| ***Specialty Chemicals (7.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Albemarle Corp. | 155775 | 27966286 |
| &nbsp;&nbsp;&nbsp;Ganfeng Lithium Group Co., Ltd.<sup>(b)(c)(e)</sup> | 927000 | 8600629 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Specialty Chemicals (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Tianqi Lithium Corp.<sup>(a)(b)</sup> | 422950 | $2477978 |
| **Total Specialty Chemicals** |  | 39044893 |
| ***Steel Mining (0.13%)*** |  |  |
| &nbsp;&nbsp;&nbsp;MOIL, Ltd. | 225908 | 674637 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $453,028,764) |  | 512903014 |
| **RIGHTS (0.01%)** |  |  |
| ***Diversified Metals & Mining (0.01%)*** |  |  |
| Syrah Resources, Ltd. (Expiring 4/20/2026), Strike Price AUD $0.10 | 2270644 | 39166 |
| **TOTAL RIGHTS** |  |  |
| (Cost $–) |  | 39166 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (6.47%)** |  |  |  |
| **Money Market Fund (0.24%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $1,236,664) | 3.58% | 1236664 | 1236664 |
| **Investments Purchased with Collateral from Securities Loaned (6.23%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $32,042,655) |  | 32042655 | $32042655 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $33,279,319) |  |  | 33279319 |
| **TOTAL INVESTMENTS (106.25%)** |  |  |  |
| (Cost $486,308,083) |  |  | $546221499 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-6.25%)** |  |  | (32142244) |
| **NET ASSETS - 100.00%** |  |  | $514079255 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $69,427,993. The loaned securities were secured with cash collateral of $32,042,655 and non-cash collateral with the value of $36,082,204. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(c)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2026, the market value of those securities was $37,155,181, representing 7.23% of net assets.*

*<sup>(d)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

*<sup>(e)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the aggregate market value of those securities was $8,600,629, representing 1.67% of net assets.*

**Sprott Junior Uranium Miners ETF**

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (93.71%)** |  |  |
| ***Coal & Consumable Fuels (91.64%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Alligator Energy, Ltd.<sup>(a)</sup> | 138014170 | $3618470 |
| &nbsp;&nbsp;&nbsp;Anfield Energy, Inc.<sup>(a)(b)</sup> | 388475 | 2264778 |
| &nbsp;&nbsp;&nbsp;Atha Energy Corp.<sup>(a)</sup> | 11036938 | 6505851 |
| &nbsp;&nbsp;&nbsp;Atomic Eagle, Ltd.<sup>(a)(b)</sup> | 6039477 | 1791783 |
| &nbsp;&nbsp;&nbsp;Aura Energy, Ltd.<sup>(a)</sup> | 19012499 | 1574121 |
| &nbsp;&nbsp;&nbsp;Bannerman Energy, Ltd.<sup>(a)(b)</sup> | 5401613 | 13602980 |
| &nbsp;&nbsp;&nbsp;Berkeley Energia, Ltd.<sup>(a)</sup> | 11699685 | 3632490 |
| &nbsp;&nbsp;&nbsp;Boss Energy, Ltd.<sup>(a)</sup> | 13112666 | 13796807 |
| &nbsp;&nbsp;&nbsp;CanAlaska Uranium, Ltd.<sup>(a)(b)</sup> | 6691918 | 3655997 |
| &nbsp;&nbsp;&nbsp;CGN Mining Co., Ltd. | 35060500 | 17259288 |
| &nbsp;&nbsp;&nbsp;Deep Yellow, Ltd.<sup>(a)</sup> | 15234493 | 18341767 |
| &nbsp;&nbsp;&nbsp;Denison Mines Corp.<sup>(a)(b)</sup> | 13213030 | 46641996 |
| &nbsp;&nbsp;&nbsp;Elevate Uranium, Ltd.<sup>(a)(b)</sup> | 13452149 | 2784394 |
| &nbsp;&nbsp;&nbsp;Encore Energy Corp.<sup>(a)(b)</sup> | 5963717 | 10803369 |
| &nbsp;&nbsp;&nbsp;Energy Fuels, Inc.<sup>(a)</sup> | 2282654 | 41658436 |
| &nbsp;&nbsp;&nbsp;F3 Uranium Corp.<sup>(a)(b)</sup> | 22160949 | 2947147 |
| &nbsp;&nbsp;&nbsp;Forsys Metals Corp.<sup>(a)(b)</sup> | 6507791 | 2081782 |
| &nbsp;&nbsp;&nbsp;IsoEnergy, Ltd.<sup>(a)</sup> | 1276313 | 13523725 |
| &nbsp;&nbsp;&nbsp;Kirkstone Metals Corp.<sup>(a)(b)</sup> | 929367 | 293955 |
| &nbsp;&nbsp;&nbsp;Laramide Resources, Ltd.<sup>(a)</sup> | 7203459 | 3572990 |
| &nbsp;&nbsp;&nbsp;Lotus Resources, Ltd.<sup>(a)(b)</sup> | 6910257 | 6078859 |
| &nbsp;&nbsp;&nbsp;Mega Uranium, Ltd.<sup>(a)(b)</sup> | 13211641 | 5698357 |
| &nbsp;&nbsp;&nbsp;NexGen Energy, Ltd.<sup>(a)</sup> | 4589888 | 51017053 |
| &nbsp;&nbsp;&nbsp;Paladin Energy, Ltd.<sup>(a)</sup> | 7772020 | 59253488 |
| &nbsp;&nbsp;&nbsp;Peninsula Energy, Ltd.<sup>(a)</sup> | 9490907 | 4256364 |
| &nbsp;&nbsp;&nbsp;Premier American Uranium, Inc.<sup>(a)</sup> | 2258299 | 1152608 |
| &nbsp;&nbsp;&nbsp;Skyharbour Resources, Ltd.<sup>(a)(b)</sup> | 7249168 | 2527386 |
| &nbsp;&nbsp;&nbsp;Stallion Uranium Corp.<sup>(a)(b)</sup> | 2010133 | 679148 |
| &nbsp;&nbsp;&nbsp;Uranium Royalty Corp.<sup>(a)</sup> | 3955015 | 14435805 |
| &nbsp;&nbsp;&nbsp;Ur-Energy, Inc.<sup>(a)(b)</sup> | 11672256 | 17391661 |
| &nbsp;&nbsp;&nbsp;Western Uranium & Vanadium Corp.<sup>(a)(b)</sup> | 2357871 | 1288176 |
| **Total Coal & Consumable Fuels** |  | 374131031 |
| ***Diversified Metals & Mining (2.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Future Fuels, Inc.<sup>(a)(b)</sup> | 982923 | 307362 |
| &nbsp;&nbsp;&nbsp;Global Atomic Corp.<sup>(a)</sup> | 14179386 | 8154345 |
| **Total Diversified Metals & Mining** |  | 8461707 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $328,629,945) |  | 382592738 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (6.53%)** |  |  |  |
| **Money Market Fund (0.30%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $1,201,137) | 3.58% | 1201137 | $1201137 |
| **Investments Purchased with Collateral from Securities Loaned (6.23%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $25,448,452) |  | 25448452 | $25448452 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $26,649,589) |  |  | 26649589 |
| **TOTAL INVESTMENTS (100.24%)** |  |  |  |
| (Cost $355,279,534) |  |  | $409242327 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-0.24%)** |  |  | (976130) |
| **NET ASSETS - 100.00%** |  |  | $408266197 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $30,927,156. The loaned securities were secured with cash collateral of $25,448,452 and non-cash collateral with the value of $5,210,471. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

**Sprott Lithium Miners ETF<br> Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (92.28%)** |  |  |
| ***Diversified Metals & Mining (58.44%)*** |  |  |
| &nbsp;&nbsp;&nbsp;American Lithium Corp.<sup>(a)</sup> | 674168 | $271392 |
| &nbsp;&nbsp;&nbsp;Anson Resources, Ltd.<sup>(a)</sup> | 2719792 | 90073 |
| &nbsp;&nbsp;&nbsp;Argosy Minerals, Ltd.<sup>(a)(b)</sup> | 2421288 | 105246 |
| &nbsp;&nbsp;&nbsp;Atlantic Lithium, Ltd.<sup>(a)</sup> | 924904 | 168939 |
| &nbsp;&nbsp;&nbsp;Core Lithium, Ltd.<sup>(a)(b)</sup> | 6043878 | 1021644 |
| &nbsp;&nbsp;&nbsp;Delta Lithium, Ltd.<sup>(a)(b)</sup> | 902468 | 124532 |
| &nbsp;&nbsp;&nbsp;E3 Lithium, Ltd.<sup>(a)(b)</sup> | 191240 | 142973 |
| &nbsp;&nbsp;&nbsp;Elevra Lithium, Ltd.<sup>(a)(b)</sup> | 411485 | 2373439 |
| &nbsp;&nbsp;&nbsp;European Lithium, Ltd.<sup>(a)</sup> | 4533776 | 656897 |
| &nbsp;&nbsp;&nbsp;European Metals Holdings, Ltd.<sup>(a)(b)</sup> | 463535 | 83440 |
| &nbsp;&nbsp;&nbsp;Frontier Nuclear and Minerals, Inc.<sup>(a)(b)</sup> | 39483 | 110947 |
| &nbsp;&nbsp;&nbsp;Galan Lithium, Ltd.<sup>(a)</sup> | 2488270 | 626625 |
| &nbsp;&nbsp;&nbsp;Global Lithium Resources, Ltd.<sup>(a)</sup> | 325462 | 104417 |
| &nbsp;&nbsp;&nbsp;IGO, Ltd.<sup>(a)</sup> | 433428 | 2347493 |
| &nbsp;&nbsp;&nbsp;ioneer, Ltd.<sup>(a)(b)</sup> | 6076003 | 544978 |
| &nbsp;&nbsp;&nbsp;Kairos Gold, Inc.<sup>(a)(c)</sup> | 4531 | 384 |
| &nbsp;&nbsp;&nbsp;Kodal Minerals PLC<sup>(a)(b)</sup> | 27681260 | 119076 |
| &nbsp;&nbsp;&nbsp;Lake Resources NL<sup>(a)(b)</sup> | 2757539 | 140790 |
| &nbsp;&nbsp;&nbsp;Leo Lithium, Ltd.<sup>(c)</sup> | 117442 |  |
| &nbsp;&nbsp;&nbsp;LibertyStream Infrastructure Partners, Inc.<sup>(a)(b)</sup> | 229525 | 150146 |
| &nbsp;&nbsp;&nbsp;Liontown, Ltd.<sup>(a)</sup> | 3874990 | 4545035 |
| &nbsp;&nbsp;&nbsp;Lithium Americas Corp.<sup>(a)</sup> | 366178 | 1446403 |
| &nbsp;&nbsp;&nbsp;Lithium Argentina AG<sup>(a)</sup> | 347487 | 2321213 |
| &nbsp;&nbsp;&nbsp;Lithium Ionic Corp.<sup>(a)(b)</sup> | 461081 | 397741 |
| &nbsp;&nbsp;&nbsp;PLS Group, Ltd.<sup>(a)</sup> | 1385119 | 4892995 |
| &nbsp;&nbsp;&nbsp;PMET Resources, Inc.<sup>(a)</sup> | 428631 | 1368070 |
| &nbsp;&nbsp;&nbsp;Power Metals Corp.<sup>(a)(b)</sup> | 236015 | 79740 |
| &nbsp;&nbsp;&nbsp;Savannah Resources PLC<sup>(a)(b)</sup> | 2586031 | 163612 |
| &nbsp;&nbsp;&nbsp;Sigma Lithium Corp.<sup>(a)</sup> | 167702 | 2069443 |
| &nbsp;&nbsp;&nbsp;Standard Lithium, Ltd.<sup>(a)</sup> | 492003 | 1677730 |
| &nbsp;&nbsp;&nbsp;Surge Battery Metals, Inc.<sup>(a)</sup> | 312762 | 131526 |
| &nbsp;&nbsp;&nbsp;Vulcan Energy Resources, Ltd.<sup>(a)</sup> | 501616 | 1104027 |
| &nbsp;&nbsp;&nbsp;Winsome Resources, Ltd.<sup>(a)(b)</sup> | 583962 | 159147 |
| **Total Diversified Metals & Mining** |  | 29540113 |
| ***Precious Metals & Minerals Mining (0.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Atlas Lithium Corp.<sup>(a)</sup> | 26380 | 114753 |
| ***Specialty Chemicals (33.61%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Albemarle Corp. | 28054 | 5036535 |
| &nbsp;&nbsp;&nbsp;Ganfeng Lithium Group Co., Ltd.<sup>(b)(d)(e)</sup> | 593800 | 5509227 |
| &nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile SA, ADR | 58114 | 4703747 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Specialty Chemicals (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Tianqi Lithium Corp.<sup>(a)(b)</sup> | 296700 | $1738305 |
| **Total Specialty Chemicals** |  | 16987814 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $34,947,002) |  | 46642680 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (0.97%)** |  |  |  |
| **Money Market Fund (0.12%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $57,738) | 3.58% | 57738 | 57738 |
| **Investments Purchased with Collateral from Securities Loaned (0.85%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $428,276) |  | 428276 | $428276 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $486,014) |  |  | 486014 |
| **TOTAL INVESTMENTS (93.25%)** |  |  |  |
| (Cost $35,433,016) |  |  | $47128694 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES (6.75%)** |  |  | 3413338 |
| **NET ASSETS - 100.00%** |  |  | $50542032 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $4,809,298. The loaned securities were secured with cash collateral of $428,276 and non-cash collateral with the value of $4,713,121. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(c)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

*<sup>(d)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2026, the aggregate market value of those securities was $5,509,227, representing 10.90% of net assets.*

*<sup>(e)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2026, the market value of those securities was $5,509,227, representing 10.90% of net assets.*

**Sprott Junior Copper Miners ETF**

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.68%)** |  |  |
| ***Copper Mining (44.92%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aeris Resources, Ltd.<sup>(a)(b)</sup> | 8836430 | $2408195 |
| &nbsp;&nbsp;&nbsp;Aldebaran Resources, Inc.<sup>(a)(b)</sup> | 1405475 | 2303561 |
| &nbsp;&nbsp;&nbsp;Arizona Sonoran Copper Co., Inc.<sup>(a)(b)</sup> | 1633083 | 8217656 |
| &nbsp;&nbsp;&nbsp;Atalaya Mining Copper SA | 721525 | 6770982 |
| &nbsp;&nbsp;&nbsp;Atlas Consolidated Mining & Development Corp.<sup>(a)</sup> | 15344500 | 1558446 |
| &nbsp;&nbsp;&nbsp;Austral Resources Australia, Ltd.<sup>(a)</sup> | 14343432 | 811493 |
| &nbsp;&nbsp;&nbsp;Central Asia Metals PLC | 1903797 | 4072077 |
| &nbsp;&nbsp;&nbsp;China Daye Non-Ferrous Metals Mining, Ltd.<sup>(a)</sup> | 68803300 | 886233 |
| &nbsp;&nbsp;&nbsp;Cyprium Metals, Ltd.<sup>(a)</sup> | 4013644 | 1052301 |
| &nbsp;&nbsp;&nbsp;ERO Copper Corp.<sup>(a)(b)</sup> | 269078 | 7170384 |
| &nbsp;&nbsp;&nbsp;Faraday Copper Corp.<sup>(a)(b)</sup> | 2504265 | 7560860 |
| &nbsp;&nbsp;&nbsp;Gladiator Metals Corp.<sup>(a)</sup> | 1095053 | 964302 |
| &nbsp;&nbsp;&nbsp;Hillgrove Resources, Ltd.<sup>(a)</sup> | 29693660 | 737537 |
| &nbsp;&nbsp;&nbsp;Hot Chili, Ltd.<sup>(a)</sup> | 1839062 | 1598765 |
| &nbsp;&nbsp;&nbsp;Imperial Metals Corp.<sup>(a)</sup> | 891996 | 4982251 |
| &nbsp;&nbsp;&nbsp;Jinchuan Group International Resources Co., Ltd.<sup>(b)(c)</sup> | 6259100 | 510869 |
| &nbsp;&nbsp;&nbsp;Koryx Copper SA<sup>(a)(b)</sup> | 1140437 | 2574202 |
| &nbsp;&nbsp;&nbsp;Marimaca Copper Corp.<sup>(a)(b)</sup> | 690289 | 4113648 |
| &nbsp;&nbsp;&nbsp;Sociedad Punta del Cobre SA | 392130 | 6749855 |
| &nbsp;&nbsp;&nbsp;Taseko Mines, Ltd.<sup>(a)</sup> | 1287396 | 8303704 |
| **Total Copper Mining** |  | 73347321 |
| ***Diversified Metals & Mining (45.65%)*** |  |  |
| &nbsp;&nbsp;&nbsp;29Metals, Ltd.<sup>(a)(b)</sup> | 6715041 | 1598400 |
| &nbsp;&nbsp;&nbsp;AIC Mines, Ltd.<sup>(a)</sup> | 7527004 | 2648561 |
| &nbsp;&nbsp;&nbsp;Amarc Resources, Ltd.<sup>(a)</sup> | 1706386 | 1214379 |
| &nbsp;&nbsp;&nbsp;Amerigo Resources, Ltd. | 1354597 | 4898011 |
| &nbsp;&nbsp;&nbsp;Blue Moon Metals, Inc.<sup>(a)(b)</sup> | 781714 | 5063075 |
| &nbsp;&nbsp;&nbsp;Caravel Minerals, Ltd.<sup>(a)</sup> | 5403099 | 1099721 |
| &nbsp;&nbsp;&nbsp;Carnaby Resources, Ltd.<sup>(a)</sup> | 2766485 | 763495 |
| &nbsp;&nbsp;&nbsp;Fitzroy Minerals, Inc.<sup>(a)</sup> | 2236235 | 667125 |
| &nbsp;&nbsp;&nbsp;Gruvaktiebolaget Viscaria<sup>(a)</sup> | 2547897 | 4112528 |
| &nbsp;&nbsp;&nbsp;Gunnison Copper Corp.<sup>(a)</sup> | 2950392 | 858967 |
| &nbsp;&nbsp;&nbsp;Hercules Metals Corp.<sup>(a)</sup> | 2967071 | 1386382 |
| &nbsp;&nbsp;&nbsp;Ivanhoe Electric, Inc. / US<sup>(a)</sup> | 474987 | 5614346 |
| &nbsp;&nbsp;&nbsp;KGL Resources, Ltd.<sup>(a)</sup> | 3893763 | 523868 |
| &nbsp;&nbsp;&nbsp;King Copper Discovery Corp.<sup>(a)(b)</sup> | 3292329 | 2059037 |
| &nbsp;&nbsp;&nbsp;Kodiak Copper Corp.<sup>(a)(b)</sup> | 1111321 | 663070 |
| &nbsp;&nbsp;&nbsp;Los Andes Copper, Ltd.<sup>(a)(b)</sup> | 130793 | 1174326 |
| &nbsp;&nbsp;&nbsp;Midnight Sun Mining Corp.<sup>(a)</sup> | 2488745 | 2236310 |
| &nbsp;&nbsp;&nbsp;Minsur SA | 5191701 | 9548230 |
| &nbsp;&nbsp;&nbsp;Osisko Metals, Inc.<sup>(a)</sup> | 6635607 | 5962554 |
| &nbsp;&nbsp;&nbsp;Philex Mining Corp. | 24251900 | 3397262 |
| &nbsp;&nbsp;&nbsp;Prospect Resources, Ltd.<sup>(a)</sup> | 6977842 | 1468381 |
| &nbsp;&nbsp;&nbsp;Regulus Resources, Inc.<sup>(a)(b)</sup> | 1209862 | 3565836 |
| &nbsp;&nbsp;&nbsp;Solaris Resources, Inc.<sup>(a)</sup> | 878194 | 7581849 |
| &nbsp;&nbsp;&nbsp;Sterling Metals Corp.<sup>(a)(b)</sup> | 442892 | 461644 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Diversified Metals & Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Trilogy Metals, Inc.<sup>(a)(b)</sup> | 1588168 | $5701523 |
| &nbsp;&nbsp;&nbsp;True North Copper, Ltd.<sup>(a)</sup> | 1083481 | 265380 |
| **Total Diversified Metals & Mining** |  | 74534260 |
| ***Gold Mining (9.11%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Atex Resources, Inc.<sup>(a)</sup> | 3176019 | 7328748 |
| &nbsp;&nbsp;&nbsp;Cygnus Metals, Ltd.<sup>(a)</sup> | 10044698 | 900944 |
| &nbsp;&nbsp;&nbsp;FireFly Metals, Ltd.<sup>(a)</sup> | 5542995 | 6654439 |
| **Total Gold Mining** |  | 14884131 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $177,446,346) |  | 162765712 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (3.31%)** |  |  |  |
| **Money Market Fund (0.38%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $615,270) | 3.58% | 615270 | 615270 |
| **Investments Purchased with Collateral from Securities Loaned (2.93%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $4,781,914) |  | 4781914 | $4781914 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $5,397,184) |  |  | 5397184 |
| **TOTAL INVESTMENTS (102.99%)** |  |  |  |
| (Cost $182,843,530) |  |  | $168162896 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-2.99%)** |  |  | (4880915) |
| **NET ASSETS - 100.00%** |  |  | $163281981 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $7,351,975. The loaned securities were secured with cash collateral of $4,781,914 and non-cash collateral with the value of $2,397,971. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(c)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

**Sprott Nickel Miners ETF<br> Schedule of Investments**

**As of March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (96.89%)** |  |  |
| ***Diversified Metals & Mining (83.30%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Ardea Resources, Ltd.<sup>(a)</sup> | 2138515 | $752489 |
| &nbsp;&nbsp;&nbsp;Canada Nickel Co., Inc.<sup>(a)(b)</sup> | 2370825 | 2726849 |
| &nbsp;&nbsp;&nbsp;Centaurus Metals, Ltd.<sup>(a)</sup> | 5398849 | 2067340 |
| &nbsp;&nbsp;&nbsp;Central Omega Resources Tbk PT | 26019500 | 1071738 |
| &nbsp;&nbsp;&nbsp;Chalice Mining, Ltd.<sup>(a)(b)</sup> | 1039407 | 1014752 |
| &nbsp;&nbsp;&nbsp;Chilean Metals, Inc.<sup>(a)</sup> | 29395 | 7079 |
| &nbsp;&nbsp;&nbsp;Estrella Resources, Ltd.<sup>(a)</sup> | 8898260 | 184181 |
| &nbsp;&nbsp;&nbsp;FPX Nickel Corp.<sup>(a)</sup> | 2919250 | 881378 |
| &nbsp;&nbsp;&nbsp;Global Ferronickel Holdings, Inc.<sup>(a)</sup> | 36018000 | 1037556 |
| &nbsp;&nbsp;&nbsp;IGO, Ltd.<sup>(a)</sup> | 1076350 | 5829629 |
| &nbsp;&nbsp;&nbsp;Lifezone Metals, Ltd.<sup>(a)(b)</sup> | 559549 | 1880085 |
| &nbsp;&nbsp;&nbsp;Magna Mining, Inc.<sup>(a)</sup> | 1425876 | 2336997 |
| &nbsp;&nbsp;&nbsp;Merdeka Battery Materials Tbk PT<sup>(a)</sup> | 202226950 | 8686674 |
| &nbsp;&nbsp;&nbsp;Metals One PLC<sup>(a)</sup> | 4018390 | 93077 |
| &nbsp;&nbsp;&nbsp;NexMetals Mining Corp.<sup>(a)</sup> | 47233 | 118838 |
| &nbsp;&nbsp;&nbsp;Nickel Asia Corp. | 44577315 | 3081888 |
| &nbsp;&nbsp;&nbsp;Nickel Industries, Ltd. | 12522388 | 7646244 |
| &nbsp;&nbsp;&nbsp;Pam Mineral Tbk PT | 36155300 | 1723251 |
| &nbsp;&nbsp;&nbsp;Power Metallic Mines, Inc.<sup>(a)(b)</sup> | 2815557 | 2125178 |
| &nbsp;&nbsp;&nbsp;Sherritt International Corp.<sup>(a)</sup> | 4722500 | 712907 |
| &nbsp;&nbsp;&nbsp;Talon Metals Corp.<sup>(a)(b)</sup> | 718882 | 3255666 |
| &nbsp;&nbsp;&nbsp;Trimegah Bangun Persada Tbk PT | 46670850 | 2979662 |
| &nbsp;&nbsp;&nbsp;Vale Indonesia Tbk PT | 10317800 | 3248123 |
| &nbsp;&nbsp;&nbsp;Xinjiang Xinxin Mining Industry Co., Ltd. | 9303700 | 2432355 |
| **Total Diversified Metals & Mining** |  | 55893936 |
| ***Gold Mining (13.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aneka Tambang Tbk | 42570195 | 8767289 |
| &nbsp;&nbsp;&nbsp;Horizon Minerals, Ltd.<sup>(a)(b)</sup> | 567526 | 350450 |
| **Total Gold Mining** |  | 9117739 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $74,724,299) |  | 65011675 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (4.49%)** |  |  |  |
| **Money Market Fund (0.13%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $86,443) | 3.58% | 86443 | 86443 |
| **Investments Purchased with Collateral from Securities Loaned (4.36%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $2,925,676) |  | 2925676 | $2925676 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $3,012,119) |  |  | 3012119 |
| **TOTAL INVESTMENTS (101.38%)** |  |  |  |
| (Cost $77,736,418) |  |  | $68023794 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.38%)** |  |  | (925381) |
| **NET ASSETS - 100.00%** |  |  | $67098413 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $3,712,581. The loaned securities were secured with cash collateral of $2,925,676 and non-cash collateral with the value of $881,406. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

**Sprott Copper Miners ETF<br> Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **CLOSED END FUND (4.04%)** |  |  |
| &nbsp;&nbsp;&nbsp;Sprott Physical Copper Trust<sup>(a)(b)</sup> | 1030833 | $10318638 |
| **TOTAL CLOSED END FUND** |  |  |
| (Cost $11,443,101) |  | 10318638 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (91.71%)** |  |  |
| ***Copper Mining (63.96%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aeris Resources, Ltd.<sup>(a)(c)</sup> | 1140780 | 310897 |
| &nbsp;&nbsp;&nbsp;Aldebaran Resources, Inc.<sup>(a)</sup> | 181362 | 297251 |
| &nbsp;&nbsp;&nbsp;Antofagasta PLC | 521268 | 22954503 |
| &nbsp;&nbsp;&nbsp;Arizona Sonoran Copper Co., Inc.<sup>(a)</sup> | 210866 | 1061075 |
| &nbsp;&nbsp;&nbsp;Atalaya Mining Copper SA | 103860 | 974650 |
| &nbsp;&nbsp;&nbsp;Atlas Consolidated Mining & Development Corp.<sup>(a)</sup> | 1901500 | 193124 |
| &nbsp;&nbsp;&nbsp;Capstone Copper Corp.<sup>(a)</sup> | 1012877 | 7637898 |
| &nbsp;&nbsp;&nbsp;Central Asia Metals PLC | 245770 | 525683 |
| &nbsp;&nbsp;&nbsp;China Daye Non-Ferrous Metals Mining, Ltd.<sup>(a)</sup> | 8739200 | 112567 |
| &nbsp;&nbsp;&nbsp;Cyprium Metals, Ltd.<sup>(a)</sup> | 454649 | 119200 |
| &nbsp;&nbsp;&nbsp;ERO Copper Corp.<sup>(a)</sup> | 118406 | 3157888 |
| &nbsp;&nbsp;&nbsp;Faraday Copper Corp.<sup>(a)</sup> | 323370 | 976317 |
| &nbsp;&nbsp;&nbsp;First Quantum Minerals, Ltd.<sup>(a)</sup> | 446518 | 10675860 |
| &nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 1083868 | 63709761 |
| &nbsp;&nbsp;&nbsp;Gladiator Metals Corp.<sup>(a)</sup> | 118678 | 104508 |
| &nbsp;&nbsp;&nbsp;Hillgrove Resources, Ltd.<sup>(a)</sup> | 3833643 | 95221 |
| &nbsp;&nbsp;&nbsp;Hot Chili, Ltd.<sup>(a)</sup> | 237465 | 206437 |
| &nbsp;&nbsp;&nbsp;Imperial Metals Corp.<sup>(a)</sup> | 114999 | 642328 |
| &nbsp;&nbsp;&nbsp;Jinchuan Group International Resources Co., Ltd.<sup>(c)(d)</sup> | 987700 | 80616 |
| &nbsp;&nbsp;&nbsp;KGHM Polska Miedz SA | 166883 | 12043520 |
| &nbsp;&nbsp;&nbsp;Koryx Copper SA<sup>(a)</sup> | 146888 | 331557 |
| &nbsp;&nbsp;&nbsp;Lundin Mining Corp. | 544505 | 13578376 |
| &nbsp;&nbsp;&nbsp;Marimaca Copper Corp.<sup>(a)(c)</sup> | 89009 | 530432 |
| &nbsp;&nbsp;&nbsp;Sandfire Resources, Ltd.<sup>(a)</sup> | 485119 | 5365368 |
| &nbsp;&nbsp;&nbsp;Sociedad Minera Cerro Verde SAA | 20767 | 1066385 |
| &nbsp;&nbsp;&nbsp;Sociedad Punta del Cobre SA | 49833 | 857791 |
| &nbsp;&nbsp;&nbsp;Southern Copper Corp.<sup>(c)</sup> | 73323 | 12615955 |
| &nbsp;&nbsp;&nbsp;Taseko Mines, Ltd.<sup>(a)</sup> | 487866 | 3146736 |
| **Total Copper Mining** |  | 163371904 |
| ***Diversified Metals & Mining (26.85%)*** |  |  |
| &nbsp;&nbsp;&nbsp;29Metals, Ltd.<sup>(a)(c)</sup> | 867006 | 206376 |
| &nbsp;&nbsp;&nbsp;AIC Mines, Ltd.<sup>(a)</sup> | 971774 | 341943 |
| &nbsp;&nbsp;&nbsp;Amarc Resources, Ltd.<sup>(a)</sup> | 216704 | 154221 |
| &nbsp;&nbsp;&nbsp;Amerigo Resources, Ltd. | 174905 | 632429 |
| &nbsp;&nbsp;&nbsp;Blue Moon Metals, Inc.<sup>(a)</sup> | 100517 | 651037 |
| &nbsp;&nbsp;&nbsp;Caravel Minerals, Ltd.<sup>(a)</sup> | 697553 | 141977 |
| &nbsp;&nbsp;&nbsp;Carnaby Resources, Ltd.<sup>(a)(c)</sup> | 357133 | 98562 |
| &nbsp;&nbsp;&nbsp;Fitzroy Minerals, Inc.<sup>(a)</sup> | 278862 | 83191 |
| &nbsp;&nbsp;&nbsp;Gruvaktiebolaget Viscaria<sup>(a)</sup> | 328780 | 530680 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Diversified Metals & Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Gunnison Copper Corp.<sup>(a)</sup> | 380843 | $110877 |
| &nbsp;&nbsp;&nbsp;Hercules Metals Corp.<sup>(a)</sup> | 384476 | 179649 |
| &nbsp;&nbsp;&nbsp;Hudbay Minerals, Inc. | 597312 | 12483821 |
| &nbsp;&nbsp;&nbsp;Ivanhoe Electric, Inc. / US<sup>(a)</sup> | 152407 | 1801451 |
| &nbsp;&nbsp;&nbsp;Ivanhoe Mines, Ltd.<sup>(a)(c)</sup> | 984643 | 8415934 |
| &nbsp;&nbsp;&nbsp;King Copper Discovery Corp.<sup>(a)</sup> | 425675 | 266219 |
| &nbsp;&nbsp;&nbsp;Los Andes Copper, Ltd.<sup>(a)</sup> | 16428 | 147499 |
| &nbsp;&nbsp;&nbsp;Midnight Sun Mining Corp.<sup>(a)</sup> | 321400 | 288800 |
| &nbsp;&nbsp;&nbsp;Minsur SA | 1432685 | 2634899 |
| &nbsp;&nbsp;&nbsp;MMG, Ltd.<sup>(a)</sup> | 6021700 | 5544645 |
| &nbsp;&nbsp;&nbsp;NGEx Minerals, Ltd.<sup>(a)(c)</sup> | 214676 | 3904322 |
| &nbsp;&nbsp;&nbsp;Osisko Metals, Inc.<sup>(a)</sup> | 856748 | 769848 |
| &nbsp;&nbsp;&nbsp;Philex Mining Corp. | 3137000 | 439438 |
| &nbsp;&nbsp;&nbsp;Prospect Resources, Ltd.<sup>(a)</sup> | 900842 | 189568 |
| &nbsp;&nbsp;&nbsp;Regulus Resources, Inc.<sup>(a)(c)</sup> | 158759 | 467912 |
| &nbsp;&nbsp;&nbsp;Solaris Resources, Inc.<sup>(a)</sup> | 160562 | 1386205 |
| &nbsp;&nbsp;&nbsp;Sterling Metals Corp.<sup>(a)</sup> | 55400 | 57746 |
| &nbsp;&nbsp;&nbsp;Teck Resources, Ltd., Class B | 500578 | 25904911 |
| &nbsp;&nbsp;&nbsp;Trilogy Metals, Inc.<sup>(a)(c)</sup> | 208367 | 748037 |
| **Total Diversified Metals & Mining** |  | 68582197 |
| ***Gold Mining (0.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Atex Resources, Inc.<sup>(a)(c)</sup> | 410866 | 948084 |
| &nbsp;&nbsp;&nbsp;Cygnus Metals, Ltd.<sup>(a)</sup> | 1169990 | 104941 |
| &nbsp;&nbsp;&nbsp;FireFly Metals, Ltd.<sup>(a)</sup> | 1026787 | 1232671 |
| **Total Gold Mining** |  | 2285696 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $235,133,398) |  | 234239797 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **EXCHANGE TRADED FUND (1.20%)** |  |  |
| &nbsp;&nbsp;&nbsp;iShares MSCI India ETF<sup>(c)</sup> | 65196 | $3053781 |
| **TOTAL EXCHANGE TRADED FUND** |  |  |
| (Cost $3,424,181) |  | 3053781 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (3.31%)** |  |  |  |
| **Money Market Fund (0.10%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $254,085) | 3.58% | 254085 | 254085 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **Money Market Fund (continued)** |  |  |  |
| **Investments Purchased with Collateral from Securities Loaned (3.21%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |  |
| (Cost $8,206,256) |  | 8206256 | $8206256 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $8,460,341) |  |  | 8460341 |
| **TOTAL INVESTMENTS (100.26%)** |  |  |  |
| (Cost $258,461,021) |  |  | $256072557 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-0.26%)** |  |  | (657848) |
| **NET ASSETS - 100.00%** |  |  | $255414709 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Affiliate of the Fund. See table below (Affiliated Investments).*

*<sup>(c)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $12,757,696. The loaned securities were secured with cash collateral of $8,206,256 and non-cash collateral with the value of $4,417,533. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(d)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

**AFFILIATED INVESTMENTS**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Shares as**<br> **of January**<br> **1, 2026** | **Market<br> Value as<br> of January<br> 1, 2026** | **Purchases<br> (Shares)** | **Purchases<br> (Cost)** | **Sales<br> (Shares)** | **Sales<br> (Proceeds)** | **Change in<br> Unrealized<br> Gain/(Loss)** | **Realized<br> Gain/(Loss)** | **Market Value<br> as of March<br> 31, 2026** | **Share as of<br> March 31,**<br> **2026** |
| ***Closed End Fund*** |  |  |  |  |  |  |  |  |  |  |
| Sprott Physical Copper Trust <sup>(a)</sup> | 397714 | $4498145 | 667396 | $8041866 | (34277) | $(368493) | $(1969905) | $117025 | $10318638 | 1030833 |
| Securities Affiliated as of March 31, 2026 |  | $4498145 |  | $8041866 |  | $(368493) | $(1969905) | $117025 | $10318638 | 1030833 |

---

 

*<sup>(a)</sup>* *Non-income producing security*

**Sprott Silver Miners & Physical Silver ETF**

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **CLOSED END FUND (18.68%)** |  |  |
| &nbsp;&nbsp;&nbsp;Sprott Physical Silver Trust<sup>(a)(b)</sup> | 6152759 | $150065792 |
| **TOTAL CLOSED END FUND** |  |  |
| (Cost $124,561,553) |  | 150065792 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (78.63%)** |  |  |
| ***Diversified Metals & Mining (15.71%)*** |  |  |
| &nbsp;&nbsp;&nbsp;AbraSilver Resource Corp.<sup>(a)(c)</sup> | 4202474 | 38034036 |
| &nbsp;&nbsp;&nbsp;Alaska Silver Corp.<sup>(a)</sup> | 56396 | 36081 |
| &nbsp;&nbsp;&nbsp;Americas Gold & Silver Corp.<sup>(a)(c)</sup> | 6370948 | 33256349 |
| &nbsp;&nbsp;&nbsp;Andean Silver, Ltd.<sup>(a)</sup> | 180874 | 245220 |
| &nbsp;&nbsp;&nbsp;Black Bear Minerals, Ltd.<sup>(a)</sup> | 135188 | 55964 |
| &nbsp;&nbsp;&nbsp;Blackrock Silver Corp.<sup>(a)(c)</sup> | 7736770 | 7452571 |
| &nbsp;&nbsp;&nbsp;Boab Metals, Ltd.<sup>(a)</sup> | 282617 | 78972 |
| &nbsp;&nbsp;&nbsp;Cerro de Pasco Resources, Inc.<sup>(a)</sup> | 479819 | 258690 |
| &nbsp;&nbsp;&nbsp;Cia de Minas Buenaventura SAA, ADR | 179676 | 6475523 |
| &nbsp;&nbsp;&nbsp;Eloro Resources, Ltd.<sup>(a)(c)</sup> | 112421 | 159204 |
| &nbsp;&nbsp;&nbsp;Investigator Silver, Ltd.<sup>(a)(c)</sup> | 47737957 | 2173830 |
| &nbsp;&nbsp;&nbsp;Kingsmen Resources, Ltd.<sup>(a)</sup> | 412725 | 379763 |
| &nbsp;&nbsp;&nbsp;Minera Frisco SAB de CV<sup>(a)</sup> | 129561 | 67950 |
| &nbsp;&nbsp;&nbsp;Santacruz Silver Mining, Ltd.<sup>(a)(c)</sup> | 104459 | 907849 |
| &nbsp;&nbsp;&nbsp;Silver Viper Minerals Corp.<sup>(a)(c)</sup> | 57252 | 48975 |
| &nbsp;&nbsp;&nbsp;Silver X Mining Corp.<sup>(a)(c)</sup> | 7194579 | 3827179 |
| &nbsp;&nbsp;&nbsp;Silver47 Exploration Corp.<sup>(a)(c)</sup> | 4175525 | 2056096 |
| &nbsp;&nbsp;&nbsp;Silverco Mining, Ltd.<sup>(a)(c)</sup> | 735964 | 5703179 |
| &nbsp;&nbsp;&nbsp;Societe Metallurgique D'imiter | 6365 | 4174486 |
| &nbsp;&nbsp;&nbsp;Vizsla Silver Corp.<sup>(a)</sup> | 6120663 | 20198188 |
| &nbsp;&nbsp;&nbsp;West Coast Silver, Ltd.<sup>(a)(c)</sup> | 5921855 | 633297 |
| **Total Diversified Metals & Mining** |  | 126223402 |
| ***Gold Mining (10.18%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Coeur Mining, Inc.<sup>(a)</sup> | 453599 | 8514053 |
| &nbsp;&nbsp;&nbsp;Contango Silver & Gold, Inc.<sup>(a)</sup> | 12793 | 239864 |
| &nbsp;&nbsp;&nbsp;Gold Resource Corp.<sup>(a)</sup> | 146560 | 175872 |
| &nbsp;&nbsp;&nbsp;Hochschild Mining PLC | 282160 | 2229584 |
| &nbsp;&nbsp;&nbsp;Hycroft Mining Holding Corp.<sup>(a)(c)</sup> | 38186 | 1344147 |
| &nbsp;&nbsp;&nbsp;OR Royalties, Inc. | 105079 | 3995104 |
| &nbsp;&nbsp;&nbsp;Pan American Silver Corp. | 303387 | 16574032 |
| &nbsp;&nbsp;&nbsp;Triple Flag Precious Metals Corp. | 153086 | 5313615 |
| &nbsp;&nbsp;&nbsp;Unico Silver, Ltd.<sup>(a)</sup> | 15599584 | 6511576 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals Corp. | 281630 | 36896346 |
| **Total Gold Mining** |  | 81794193 |
| ***Precious Metals & Minerals Mining (3.40%)*** |  |  |
| Astra Exploration, Inc.<sup>(a)</sup> | 82860 | 42887 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Precious Metals & Minerals Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Avino Silver & Gold Mines, Ltd.<sup>(a)</sup> | 168337 | $1063890 |
| &nbsp;&nbsp;&nbsp;Capitan Silver Corp.<sup>(a)</sup> | 100888 | 149399 |
| &nbsp;&nbsp;&nbsp;Chesapeake Gold Corp.<sup>(a)</sup> | 31388 | 80777 |
| &nbsp;&nbsp;&nbsp;GR Silver Mining, Ltd.<sup>(a)</sup> | 12481659 | 3095516 |
| &nbsp;&nbsp;&nbsp;Guanajuato Silver Co., Ltd.<sup>(a)(c)</sup> | 17401348 | 7630524 |
| &nbsp;&nbsp;&nbsp;Industrias Penoles SAB de CV<sup>(a)(c)</sup> | 160897 | 7172453 |
| &nbsp;&nbsp;&nbsp;Outcrop Silver & Gold Corp.<sup>(a)(c)</sup> | 10683454 | 2687951 |
| &nbsp;&nbsp;&nbsp;Sierra Madre Gold And Silver, Ltd.<sup>(a)(c)</sup> | 150485 | 191473 |
| &nbsp;&nbsp;&nbsp;Southern Silver Exploration Corp.<sup>(a)(c)</sup> | 8545440 | 3747192 |
| &nbsp;&nbsp;&nbsp;Viscount Mining Corp.<sup>(a)(c)</sup> | 3544386 | 1452304 |
| **Total Precious Metals & Minerals Mining** |  | 27314366 |
| ***Silver Mining (49.34%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aftermath Silver, Ltd.<sup>(a)(c)</sup> | 6930630 | 4184982 |
| &nbsp;&nbsp;&nbsp;Andean Precious Metals Corp.<sup>(a)(c)</sup> | 1322650 | 6608021 |
| &nbsp;&nbsp;&nbsp;Apollo Silver Corp.<sup>(a)(c)</sup> | 70679 | 168683 |
| &nbsp;&nbsp;&nbsp;Argenta Silver Corp.<sup>(a)(c)</sup> | 4204045 | 1813261 |
| &nbsp;&nbsp;&nbsp;Aya Gold & Silver, Inc.<sup>(a)(c)</sup> | 2282777 | 34821744 |
| &nbsp;&nbsp;&nbsp;Discovery Silver Corp.<sup>(a)(c)</sup> | 387470 | 2490103 |
| &nbsp;&nbsp;&nbsp;Endeavour Silver Corp.<sup>(a)(c)</sup> | 4148482 | 38622367 |
| &nbsp;&nbsp;&nbsp;First Majestic Silver Corp. | 9329992 | 200408228 |
| &nbsp;&nbsp;&nbsp;Fresnillo PLC | 202331 | 8848232 |
| &nbsp;&nbsp;&nbsp;GoGold Resources, Inc.<sup>(a)(c)</sup> | 478009 | 914028 |
| &nbsp;&nbsp;&nbsp;Hecla Mining Co. | 561352 | 10457988 |
| &nbsp;&nbsp;&nbsp;IMPACT Silver Corp.<sup>(a)</sup> | 9328331 | 1743488 |
| &nbsp;&nbsp;&nbsp;Kootenay Silver, Inc.<sup>(a)(c)</sup> | 2498020 | 2657659 |
| &nbsp;&nbsp;&nbsp;Kuya Silver Corp.<sup>(a)(c)</sup> | 3699100 | 2207068 |
| &nbsp;&nbsp;&nbsp;New Pacific Metals Corp.<sup>(a)(c)</sup> | 3202061 | 13256533 |
| &nbsp;&nbsp;&nbsp;Silver Mines, Ltd.<sup>(a)</sup> | 61209397 | 7390501 |
| &nbsp;&nbsp;&nbsp;Silver Mountain Resources, Inc.<sup>(a)(c)</sup> | 1050231 | 2906613 |
| &nbsp;&nbsp;&nbsp;Silver One Resources, Inc.<sup>(a)</sup> | 6381274 | 2614712 |
| &nbsp;&nbsp;&nbsp;Silver Storm Mining, Ltd.<sup>(a)(c)</sup> | 14400310 | 4761802 |
| &nbsp;&nbsp;&nbsp;Silver Tiger Metals, Inc.<sup>(a)</sup> | 596227 | 360025 |
| &nbsp;&nbsp;&nbsp;Silvercorp Metals, Inc.<sup>(c)</sup> | 3966082 | 42595721 |
| &nbsp;&nbsp;&nbsp;Sotkamo Silver AB<sup>(a)(c)</sup> | 9280327 | 3818711 |
| &nbsp;&nbsp;&nbsp;Sun Silver, Ltd.<sup>(a)(c)</sup> | 3092942 | 2806178 |
| **Total Silver Mining** |  | 396456648 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $512,383,874) |  | 631788609 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (4.23%)** |  |  |  |
| **Money Market Fund (0.11%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund |  |  |  |
| (Cost $889,568) | 3.58% | 889568 | 889568 |

---

---

| | | |
|:---|:---|:---|
| | **Shares <br> (continued)** | **Value <br> (continued)** |
| **Money Market Fund (continued)** |  |  |
| **Investments Purchased with Collateral from Securities Loaned (4.12%)** |  |  |
| &nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.68% |  |  |
| (Cost $33,134,702) | 33134702 | $33134702 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |
| (Cost $34,024,270) |  | 34024270 |
| **TOTAL INVESTMENTS (101.54%)** |  |  |
| (Cost $670,969,697) |  | $815878671 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.54%)** |  | (12337468) |
| **NET ASSETS - 100.00%** |  | $803541203 |

---

 

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Affiliate of the Fund. See table below (Affiliated Investments).*

*<sup>(c)</sup>* *As of March 31, 2026, the security, or a portion of the security position was on loan. The total market value of securities on loan was $43,402,801. The loaned securities were secured with cash collateral of $33,134,702 and non-cash collateral with the value of $8,860,902. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

**AFFILIATED INVESTMENTS**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Shares as of January 1, 2026** | **Market Value as of January 1, 2026** | **Purchases (Shares)** | **Purchases<br> (Cost)** | **Sales<br> (Shares)** | **Sales<br> (Proceeds)** | **Change in Unrealized Gain/(Loss)** | **Realized Gain/(Loss)** | **Market Value as of March<br> 31, 2026** | **Share Balance <br> as of <br> March 31, 2026** |
| ***Closed End Fund*** |  |  |  |  |  |  |  |  |  |  |
| Sprott Physical Silver Trust <sup>(a)</sup> | 5387630 | $127417450 | 1482031 | $45800731 | (716902) | $(17294607) | $(14149094) | $8291312 | $150065792 | 6152759 |

---

 

*<sup>(a)</sup>* *Non-income producing security*

**Sprott Active Gold & Silver Miners ETF**

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (95.04%)** |  |  |
| ***Diversified Metals & Mining (2.12%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Benz Mining Corp.<sup>(a)</sup> | 928454 | $1409291 |
| &nbsp;&nbsp;&nbsp;Cia de Minas Buenaventura SAA, ADR | 61670 | 2222587 |
| **Total Diversified Metals & Mining** |  | 3631878 |
| ***Gold Mining (83.34%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Agnico Eagle Mines, Ltd. | 29927 | 6074680 |
| &nbsp;&nbsp;&nbsp;Alamos Gold, Inc., Class A | 103954 | 4618676 |
| &nbsp;&nbsp;&nbsp;Anglogold Ashanti PLC | 49137 | 4783978 |
| &nbsp;&nbsp;&nbsp;Artemis Gold, Inc.<sup>(a)</sup> | 31706 | 860399 |
| &nbsp;&nbsp;&nbsp;Barrick Mining Corp. | 103238 | 4219021 |
| &nbsp;&nbsp;&nbsp;Coeur Mining, Inc.<sup>(a)</sup> | 361229 | 6780268 |
| &nbsp;&nbsp;&nbsp;DPM Metals, Inc. | 226439 | 7972815 |
| &nbsp;&nbsp;&nbsp;Eldorado Gold Corp. | 147686 | 5070060 |
| &nbsp;&nbsp;&nbsp;Emerald Resources NL<sup>(a)</sup> | 1148187 | 4254070 |
| &nbsp;&nbsp;&nbsp;Equinox Gold Corp. | 458730 | 6624891 |
| &nbsp;&nbsp;&nbsp;Evolution Mining, Ltd. | 428547 | 3731432 |
| &nbsp;&nbsp;&nbsp;G Mining Ventures Corp.<sup>(a)</sup> | 251156 | 8814202 |
| &nbsp;&nbsp;&nbsp;Genesis Minerals, Ltd.<sup>(a)</sup> | 992144 | 4031881 |
| &nbsp;&nbsp;&nbsp;i-80 Gold Corp.<sup>(a)</sup> | 2636382 | 3998825 |
| &nbsp;&nbsp;&nbsp;IAMGOLD Corp.<sup>(a)</sup> | 386487 | 7273685 |
| &nbsp;&nbsp;&nbsp;K92 Mining, Inc.<sup>(a)</sup> | 139804 | 2372779 |
| &nbsp;&nbsp;&nbsp;Kinross Gold Corp. | 164950 | 5034274 |
| &nbsp;&nbsp;&nbsp;Lundin Gold, Inc. | 39273 | 3001303 |
| &nbsp;&nbsp;&nbsp;Montage Gold Corp.<sup>(a)</sup> | 481703 | 5481532 |
| &nbsp;&nbsp;&nbsp;Newmont Corp. | 49023 | 5306740 |
| &nbsp;&nbsp;&nbsp;Northern Star Resources, Ltd. | 186285 | 2616817 |
| &nbsp;&nbsp;&nbsp;OceanaGold Corp. | 207496 | 6542143 |
| &nbsp;&nbsp;&nbsp;OR Royalties, Inc. | 45106 | 1717536 |
| &nbsp;&nbsp;&nbsp;Ora Banda Mining, Ltd.<sup>(a)</sup> | 3678620 | 2956845 |
| &nbsp;&nbsp;&nbsp;Perpetua Resources Corp.<sup>(a)</sup> | 116800 | 3284416 |
| &nbsp;&nbsp;&nbsp;Ramelius Resources, Ltd. | 1825605 | 4622646 |
| &nbsp;&nbsp;&nbsp;SSR Mining, Inc.<sup>(a)</sup> | 94797 | 2787032 |
| &nbsp;&nbsp;&nbsp;Torex Gold Resources, Inc. | 55119 | 2529903 |
| &nbsp;&nbsp;&nbsp;Wesdome Gold Mines, Ltd.<sup>(a)</sup> | 272384 | 4863790 |
| &nbsp;&nbsp;&nbsp;West African Resources, Ltd.<sup>(a)</sup> | 1120814 | 2474579 |
| &nbsp;&nbsp;&nbsp;Westgold Resources, Ltd. | 779005 | 3165726 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals Corp. | 39866 | 5222845 |
| **Total Gold Mining** |  | 143089789 |
| ***Platinum (1.92%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Valterra Platinum, Ltd. | 40373 | 3291742 |
| ***Precious Metals & Minerals Mining (1.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Metalla Royalty & Streaming, Ltd.<sup>(a)</sup> | 309036 | 2048909 |
| ***Silver Mining (6.47%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Discovery Silver Corp.<sup>(a)</sup> | 970119 | 6234537 |
| &nbsp;&nbsp;&nbsp;Endeavour Silver Corp.<sup>(a)</sup> | 282633 | 2637176 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Silver Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Vizsla Silver Corp.<sup>(a)</sup> | 672674 | $2229191 |
| **Total Silver Mining** |  | 11100904 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $126,352,243) |  | 163163222 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (4.91%)** |  |  |  |
| **Money Market Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund | 3.58% | 8429736 | 8429736 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $8,429,736) |  |  | 8429736 |
| **TOTAL INVESTMENTS (99.95%)** |  |  |  |
| (Cost $134,781,979) |  |  | $171592958 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES (0.05%)** |  |  | 92461 |
| **NET ASSETS - 100.00%** |  |  | $171685419 |

---

** 

*<sup>(a)</sup>* *Non-income producing security.*

**Sprott Active Metals & Miners ETF**

**Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.22%)** |  |  |
| ***Coal & Consumable Fuels (20.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Cameco Corp. | 32509 | $3530802 |
| &nbsp;&nbsp;&nbsp;Denison Mines Corp.<sup>(a)</sup> | 928335 | 3277023 |
| &nbsp;&nbsp;&nbsp;NexGen Energy, Ltd.<sup>(a)</sup> | 324692 | 3767183 |
| &nbsp;&nbsp;&nbsp;Paladin Energy, Ltd.<sup>(a)</sup> | 356222 | 2715819 |
| &nbsp;&nbsp;&nbsp;Peninsula Energy, Ltd.<sup>(a)</sup> | 2150280 | 964331 |
| &nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)</sup> | 221605 | 2991668 |
| **Total Coal & Consumable Fuels** |  | 17246826 |
| ***Copper Mining (12.67%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Antofagasta PLC | 12015 | 529091 |
| &nbsp;&nbsp;&nbsp;Atalaya Mining Copper SA | 213052 | 1999336 |
| &nbsp;&nbsp;&nbsp;Capstone Copper Corp.<sup>(a)</sup> | 92745 | 699371 |
| &nbsp;&nbsp;&nbsp;ERO Copper Corp.<sup>(a)</sup> | 70653 | 1882760 |
| &nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 32603 | 1916404 |
| &nbsp;&nbsp;&nbsp;Lundin Mining Corp. | 102819 | 2564008 |
| &nbsp;&nbsp;&nbsp;Taseko Mines, Ltd.<sup>(a)</sup> | 141245 | 914828 |
| **Total Copper Mining** |  | 10505798 |
| ***Diversified Metals & Mining (29.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Cia de Minas Buenaventura SAA, ADR | 87808 | 3164600 |
| &nbsp;&nbsp;&nbsp;Foran Mining Corp.<sup>(a)</sup> | 435870 | 1688836 |
| &nbsp;&nbsp;&nbsp;Galan Lithium, Ltd.<sup>(a)</sup> | 1463710 | 368609 |
| &nbsp;&nbsp;&nbsp;Hudbay Minerals, Inc. | 132565 | 2775946 |
| &nbsp;&nbsp;&nbsp;IGO, Ltd.<sup>(a)</sup> | 342392 | 1854432 |
| &nbsp;&nbsp;&nbsp;Ivanhoe Mines, Ltd.<sup>(a)</sup> | 257095 | 2197440 |
| &nbsp;&nbsp;&nbsp;LibertyStream Infrastructure Partners, Inc.<sup>(a)</sup> | 491416 | 321464 |
| &nbsp;&nbsp;&nbsp;Lithium Argentina AG<sup>(a)</sup> | 460779 | 3078004 |
| &nbsp;&nbsp;&nbsp;Lynas Rare Earths, Ltd.<sup>(a)</sup> | 242968 | 3178375 |
| &nbsp;&nbsp;&nbsp;Major Drilling Group International, Inc.<sup>(a)</sup> | 287382 | 3309510 |
| &nbsp;&nbsp;&nbsp;MP Materials Corp.<sup>(a)</sup> | 31870 | 1538046 |
| &nbsp;&nbsp;&nbsp;Sovereign Metals, Ltd.<sup>(a)</sup> | 1383958 | 639758 |
| **Total Diversified Metals & Mining** |  | 24115020 |
| ***Gold Mining (6.88%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Atex Resources, Inc.<sup>(a)</sup> | 706600 | 1630498 |
| &nbsp;&nbsp;&nbsp;Pan American Silver Corp. | 44127 | 2410658 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals Corp. | 12674 | 1663628 |
| **Total Gold Mining** |  | 5704784 |
| ***Platinum (1.28%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Valterra Platinum, Ltd. | 12968 | 1057323 |
| ***Precious Metals & Minerals Mining (0.41%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Sibanye Stillwater, Ltd., ADR | 27487 | 338640 |
| ***Silver Mining (9.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aya Gold & Silver, Inc.<sup>(a)</sup> | 53839 | 821266 |
| &nbsp;&nbsp;&nbsp;Endeavour Silver Corp.<sup>(a)</sup> | 330207 | 3074227 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Silver Mining (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;GoGold Resources, Inc.<sup>(a)</sup> | 891209 | $1704131 |
| &nbsp;&nbsp;&nbsp;Vizsla Silver Corp.<sup>(a)</sup> | 688297 | 2280964 |
| **Total Silver Mining** |  | 7880588 |
| ***Specialty Chemicals (5.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Albemarle Corp. | 12389 | 2224197 |
| &nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile SA, ADR | 32508 | 2631198 |
| **Total Specialty Chemicals** |  | 4855395 |
| ***Steel Mining (12.71%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Champion Iron, Ltd. | 622762 | 2268683 |
| &nbsp;&nbsp;&nbsp;Nucor Corp. | 17095 | 2890765 |
| &nbsp;&nbsp;&nbsp;Reliance, Inc. | 8307 | 2524663 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics, Inc. | 15863 | 2855340 |
| **Total Steel Mining** |  | 10539451 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $83,059,003) |  | 82243825 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (0.79%)** |  |  |  |
| **Money Market Fund** |  |  |  |
| &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund | 3.58% | 647863 | 647863 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $647,863) |  |  | 647863 |
| **TOTAL INVESTMENTS (100.01%)** |  |  |  |
| (Cost $83,706,866) |  |  | $82891688 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-0.01%)** |  |  | (4928) |
| **NET ASSETS - 100.00%** |  |  | $82886760 |

---

*<sup>(a)</sup>* *Non-income producing security.*

**Sprott Gold Equity Fund<br> Schedule of Investments**

**As of March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (81.81%)** |  |  |
| ***Financial (0.40%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Gold Bullion International, LLC<sup>(a)(b)</sup> | 5000000 | $7150000 |
| ***Gold Mining (74.77%)*** |  |  |
| &nbsp;&nbsp;&nbsp;African Gold, Ltd.<sup>(c)</sup> | 387746 | 255487 |
| &nbsp;&nbsp;&nbsp;Agnico Eagle Mines, Ltd. | 375650 | 76250658 |
| &nbsp;&nbsp;&nbsp;Alamos Gold, Inc., Class A<sup>(d)</sup> | 852700 | 37885461 |
| &nbsp;&nbsp;&nbsp;Anglogold Ashanti PLC | 467600 | 45525536 |
| &nbsp;&nbsp;&nbsp;Artemis Gold, Inc.<sup>(c)</sup> | 343600 | 9324204 |
| &nbsp;&nbsp;&nbsp;Barrick Mining Corp. | 980333 | 40063210 |
| &nbsp;&nbsp;&nbsp;Coeur Mining, Inc.<sup>(c)(d)</sup> | 4524464 | 84924189 |
| &nbsp;&nbsp;&nbsp;DPM Metals, Inc. | 2122800 | 74742825 |
| &nbsp;&nbsp;&nbsp;Eldorado Gold Corp.<sup>(d)</sup> | 1128000 | 38724240 |
| &nbsp;&nbsp;&nbsp;Emerald Resources NL<sup>(c)</sup> | 9090200 | 33679486 |
| &nbsp;&nbsp;&nbsp;Equinox Gold Corp. | 3923445 | 56661642 |
| &nbsp;&nbsp;&nbsp;G Mining Ventures Corp.<sup>(c)</sup> | 2930900 | 102858557 |
| &nbsp;&nbsp;&nbsp;Genesis Minerals, Ltd.<sup>(c)</sup> | 6459700 | 26250972 |
| &nbsp;&nbsp;&nbsp;i-80 Gold Corp.<sup>(c)(d)</sup> | 30663041 | 46509249 |
| &nbsp;&nbsp;&nbsp;IAMGOLD Corp.<sup>(c)</sup> | 4609300 | 86747026 |
| &nbsp;&nbsp;&nbsp;International Tower Hill Mines, Ltd.<sup>(c)</sup> | 9813665 | 22715837 |
| &nbsp;&nbsp;&nbsp;K92 Mining, Inc.<sup>(c)</sup> | 1051900 | 17853036 |
| &nbsp;&nbsp;&nbsp;Kinross Gold Corp. | 1548200 | 47251064 |
| &nbsp;&nbsp;&nbsp;Lundin Gold, Inc. | 316100 | 24156848 |
| &nbsp;&nbsp;&nbsp;Minera Alamos, Inc.<sup>(c)(e)(f)</sup> | 2535211 | 11171623 |
| &nbsp;&nbsp;&nbsp;Montage Gold Corp.<sup>(c)</sup> | 3486900 | 39679122 |
| &nbsp;&nbsp;&nbsp;New Found Gold Corp.<sup>(c)(d)(e)(f)</sup> | 3325000 | 6214507 |
| &nbsp;&nbsp;&nbsp;OceanaGold Corp. | 2384400 | 75177761 |
| &nbsp;&nbsp;&nbsp;OR Royalties, Inc. | 1250224 | 47605755 |
| &nbsp;&nbsp;&nbsp;Ora Banda Mining, Ltd.<sup>(c)</sup> | 22111174 | 17772784 |
| &nbsp;&nbsp;&nbsp;Pan American Silver Corp. | 489200 | 26724996 |
| &nbsp;&nbsp;&nbsp;Perpetua Resources Corp.<sup>(c)(d)</sup> | 1679650 | 47231758 |
| &nbsp;&nbsp;&nbsp;Ramelius Resources, Ltd. | 20120645 | 50947831 |
| &nbsp;&nbsp;&nbsp;SSR Mining, Inc.<sup>(c)</sup> | 257600 | 7573440 |
| &nbsp;&nbsp;&nbsp;Torex Gold Resources, Inc. | 610585 | 28025198 |
| &nbsp;&nbsp;&nbsp;Wesdome Gold Mines, Ltd.<sup>(c)</sup> | 2027000 | 36194867 |
| &nbsp;&nbsp;&nbsp;Westgold Resources, Ltd. | 9021200 | 36660412 |
| &nbsp;&nbsp;&nbsp;Wheaton Precious Metals Corp. | 282800 | 37049628 |
| **Total Gold Mining** |  | 1340409209 |
| ***Industrial (0.01%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Blue Spark Energy Systems, Inc.<sup>(a)(c)</sup> | 3727 | 671 |
| &nbsp;&nbsp;&nbsp;I-Pulse, Inc.<sup>(a)(c)</sup> | 74532 | 186330 |
| **Total Industrial** |  | 187001 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Platinum (2.20%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Valterra Platinum, Ltd. | 484000 | $39462092 |
| ***Silver Mining (4.43%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Discovery Silver Corp.<sup>(c)</sup> | 5301800 | 34072383 |
| &nbsp;&nbsp;&nbsp;Endeavour Silver Corp.<sup>(c)(d)</sup> | 1077200 | 10028732 |
| &nbsp;&nbsp;&nbsp;Sunshine Silver Mining And Refining<sup>(a)(c)</sup> | 243691 | 9747640 |
| &nbsp;&nbsp;&nbsp;Vizsla Royalties Corp.<sup>(c)(e)(f)</sup> | 286457 | 531277 |
| &nbsp;&nbsp;&nbsp;Vizsla Silver Corp.<sup>(c)(e)(f)</sup> | 7563950 | 25066357 |
| **Total Silver Mining** |  | 79446389 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $633,649,183) |  | 1466654691 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal Amount** | **Value** |
| **CONVERTIBLE CORPORATE BOND (1.12%)** |  |  |
| ***Gold Mining (1.12%)*** |  |  |
| i-80 Gold Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%, 04/15/2031<sup>(e)</sup> | $18000000 | $20070000 |
| **Total Gold Mining** |  | 20070000 |
| **TOTAL CONVERTIBLE CORPORATE BOND** |  |  |
| (Cost $18,000,000) |  | 20070000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **GOLD BULLION (11.58%)** |  |  |
| &nbsp;&nbsp;&nbsp;Gold Bullion<sup>(c)</sup> | 44454 | 207512025 |
| **TOTAL GOLD BULLION** |  |  |
| (Cost $17,813,154) |  | 207512025 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **LIMITED PARTNERSHIP (1.79%)** |  |  |
| ***Financial (1.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Tocqueville Bullion Reserve LP - Class G<sup>(b)(c)</sup> | 7619 | 32149910 |
| **TOTAL LIMITED PARTNERSHIP** |  |  |
| (Cost $13,795,735) |  | 32149910 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **WARRANTS (0.82%)** |  |  |
| ***Gold Mining (0.82%)*** |  |  |
| Contango ORE, Inc. (Expiring 5/9/2026), Exercise Price $30.00<sup>(e)</sup> | 100000 | 10 |
| i-80 Gold Corp. (Expiring 11/16/2027), Exercise Price $.70 | 11300000 | 10846870 |
| Minera Alamos, Inc. (Expiring 9/17/2028), Exercise Price CAD $7.05<sup>(e)(f)</sup> | 2535211 | 2461949 |
| New Found Gold Corp. (Expiring 12/16/2026), Excercise Price CAD $5.00<sup>(e)(f)</sup> | 1662500 | 21863 |
| Osisko Development Corp. (Expiring 3/2/2027), Excercise Price CAD $14.75 | 499999 | 45827 |
| Osisko Development Corp. (Expiring 8/15/2027), Exercise Price $2.56 | 1290000 | 1327410 |
| **Total Gold Mining** |  | 14703929 |
| **TOTAL WARRANTS** |  |  |
| (Cost $860,154) |  | 14703929 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Security Description** | **7 Day<br> Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (3.70%)** |  |  |  |
| **Money Market Fund (0.57%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Invesco Treasury Portfolio |  |  |  |
| (Cost $10,153,418) | 3.55% | 10153418 | $10153418 |
| **Investments Purchased with Collateral from Securities Loaned (3.13%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Mount Vernon Liquid Assets Portfolio, LLC, 3.74% |  |  |  |
| (Cost $56,230,161) |  | 56230161 | $56230161 |
| **TOTAL SHORT TERM INVESTMENTS** |  |  |  |
| (Cost $66,383,579) |  |  | 66383579 |
| **TOTAL INVESTMENTS (100.82%)** |  |  |  |
| (Cost $750,501,805) |  |  | $1807474134 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-0.82%)** |  |  | (14736400) |
| **NET ASSETS - 100.00%** |  |  | $1792737734 |

---

 

*<sup>(a)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

*<sup>(b)</sup>* *Affiliate of the Fund. See table below (Affiliated Investments).*

*<sup>(c)</sup>* *Non-income producing security.*

*<sup>(d)</sup>* *The security, or a portion of the security position is currently on loan. The total market value of securities on loan was $59,072,468. The loaned securities were secured with cash collateral of $56,230,161. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.*

*<sup>(e)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $45,954,525, representing 2.56% of net assets.*

*<sup>(f)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2026, the market value of those securities was $25,884,515, representing 1.44% of net assets.*

**AFFILIATED INVESTMENTS**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Shares as of January 1, 2026** | **Market Value as of January 1, 2026** | **Purchases (Shares)** | **Purchases<br> (Cost)** | **Sales<br> (Shares)** | **Sales<br> (Proceeds)** | **Change in Unrealized Gain/(Loss)** | **Dividend<br> Income** | **Realized Gain/(Loss)** | **Market Value as of March <br> 31, 2026** | **Shares as of <br> March 31, 2026** |
| ***Common Stock*** |  |  |  |  |  |  |  |  |  |  |  |
| **Financial** |  |  |  |  |  |  |  |  |  |  |  |
| Gold Bullion International, LLC | 5000000 | $7150000 |  | $- |  | $- | $- | $759003 | $- | $7150000 | 5000000 |
| **Gold Mining** |  |  |  |  |  |  |  |  |  |  |  |
| International Tower Hill Mines, Ltd.<sup>(a)(b)</sup> | 19627315 | 36178724 |  |  | (9813550) | (21786304) | 17908498 |  | (9585081) | 22715837 | 9813465 |
| ***Limited Partnership*** |  |  |  |  |  |  |  |  |  |  |  |
| **Financial** |  |  |  |  |  |  |  |  |  |  |  |
| Tocqueville Bullion Reserve LP - Class G<sup>(a)(c)</sup> | 7619 | 30369028 |  | - | - | - | 1780882 | - | - | 32149910 | 7619 |
|  |  | $73697752 |  | $- |  | $(21786304) | $19689380 | $759003 | $(9585081) | $62015747 |  |
| Securities no longer affiliated at March 31, 2026 | Securities no longer affiliated at March 31, 2026 | Securities no longer affiliated at March 31, 2026 | Securities no longer affiliated at March 31, 2026 |  |  |  | 17908498 |  |  | 22715837 |  |
| Securities affiliated at March 31, 2026 | Securities affiliated at March 31, 2026 | Securities affiliated at March 31, 2026 | Securities affiliated at March 31, 2026 |  |  |  | $1780882 |  |  | $39299910 |  |

---

 

*<sup>(a)</sup>* *Non-income producing security*

*<sup>(b)</sup>* *Security is no longer an affiliated company at March 31, 2026*

*<sup>(c)</sup>* *Tocqueville Bullion Reserve ("TBR") is a Delaware Limited Partnership created for the purpose of owning physical gold. John Hathaway, Senior Portfolio Manager, is an independent Director of the TBR Cayman entities and is a TBR limited partner.*

## 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:** 320 POST ROAD SUITE 230

  - **City:** DARIEN

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06820

  - **Telephone number:** 2036562400

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

- **a. Name of Series:** Sprott Uranium Miners ETF

- **b. EDGAR series identifier (if any):** S000075060

- **c. LEI of Series:** 254900433LRQ9Q89IY40

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $2144036189.06

**Total Liabilities:** $1434378.75

**Net Assets:** $2142601810.31

**Cash Not Reported:** $30145.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233863 | 38.80%               | -5.74%               | -13.62%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35413580.09             | $650414345.15                              |
| Month 2  | $28422780.01             | $-177293698.00                             |
| Month 3  | $-5235470.71             | $-336575413.43                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cgn Mining Co Ltd                                          | CGN Mining Co., Ltd.                                       | CUSIP: N/A<br>LEI: 529900LQYG057CZAZT41       | Long             | EC               | CORP              | KY        | 181550300 | NS      | $89372055.04  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Aura Energy Ltd                                            | Aura Energy, Ltd.                                          | CUSIP: N/A<br>LEI: 5493003D06RIWBKIKA27       | Long             | EC               | CORP              | AU        |  69211804 | NS      | $5730323.64   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Berkeley Energia Ltd                                       | Berkeley Energia, Ltd.                                     | CUSIP: N/A<br>LEI: 213800JX3V4TPO7TCJ08       | Long             | EC               | CORP              | AU        |  25286541 | NS      | $8367263.94   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Bannerman Energy Ltd                                       | Bannerman Energy, Ltd.                                     | CUSIP: N/A<br>LEI: 529900D04RI02L5UK707       | Long             | EC               | CORP              | AU        |  20129546 | NS      | $50692601.60  | 2.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Boss Energy Ltd                                            | Boss Energy, Ltd.                                          | CUSIP: N/A<br>LEI: 9845000ED0A5F908A057       | Long             | EC               | CORP              | AU        |  41746938 | NS      | $43925044.12  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                                | Cameco Corp.                                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |   4064643 | NS      | $441460876.23 | 20.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Canalaska Uranium Ltd                                      | CanAlaska Uranium, Ltd.                                    | CUSIP: 13709C100<br>LEI: 254900J7UJWY3AWJ8D78 | Long             | EC               | CORP              | CA        |  21652530 | NS      | $11829431.96  | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Denison Mines Corp                                         | Denison Mines Corp.                                        | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |  28450777 | NS      | $100431242.81 | 4.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Deep Yellow Ltd                                            | Deep Yellow, Ltd.                                          | CUSIP: N/A<br>LEI: 529900FL7FGTGTVII319       | Long             | EC               | CORP              | AU        |  69172070 | NS      | $83280618.02  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Energy Corp                                         | Encore Energy Corp.                                        | CUSIP: 29259W700<br>LEI: 5299007FNX2NVNJM3O59 | Long             | EC               | CORP              | CA        |  19474576 | NS      | $35278507.31  | 1.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Global Atomic Corp                                         | Global Atomic Corp.                                        | CUSIP: 37957M106<br>LEI: 529900EY4VQEZUOEO166 | Long             | EC               | CORP              | CA        |  39584644 | NS      | $22764513.84  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Isoenergy Ltd                                              | IsoEnergy, Ltd.                                            | CUSIP: 46500E867<br>LEI: 5299000RYB4XC9F7VC32 | Long             | EC               | CORP              | CA        |   4041147 | NS      | $42819715.89  | 2.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Nac Kazatomprom Jsc                                        | NAC Kazatomprom JSC                                        | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |   1291690 | NS      | $100751820.00 | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Laramide Resources Ltd                                     | Laramide Resources, Ltd.                                   | CUSIP: 51669T101<br>LEI: 2549000L2B3P9LPA0G54 | Long             | EC               | CORP              | CA        |  21562199 | NS      | $10695073.91  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Resources Ltd                                        | Lotus Resources, Ltd.                                      | CUSIP: N/A<br>LEI: 984500AB0D982CDB3754       | Long             | EC               | CORP              | AU        |  26199363 | NS      | $23047226.01  | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Mega Uranium Ltd                                           | Mega Uranium, Ltd.                                         | CUSIP: 58516W104<br>LEI: 529900ETMWH20UOMS233 | Long             | EC               | CORP              | CA        |  35110303 | NS      | $15143542.38  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |  23270539 | NS      | $269938252.40 | 12.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Paladin Energy Ltd                                         | Paladin Energy, Ltd.                                       | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |  12343632 | NS      | $94107227.64  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Peninsula Energy Ltd                                       | Peninsula Energy, Ltd.                                     | CUSIP: N/A<br>LEI: 213800XBLFMYEQENEZ77       | Long             | EC               | CORP              | AU        |  27759720 | NS      | $12449335.58  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Atha Energy Corp                                           | Atha Energy Corp.                                          | CUSIP: 046824108<br>LEI: 984500456F2FA62CBC64 | Long             | EC               | CORP              | CA        |  31362416 | NS      | $18486939.20  | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                        | SECURITIES LENDING - GENERAL                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |   1486208 | NS      | $1486207.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Uranium Trust                              | Sprott Physical Uranium Trust                              | CUSIP: 85210A104<br>LEI: 5493007M22KSTRPCA127 | Long             | EC               | RF                | CA        |  14370315 | NS      | $290278090.36 | 13.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                                        | Uranium Energy Corp.                                       | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |   7785069 | NS      | $105098431.50 | 4.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Uranium Royalty Corp                                       | Uranium Royalty Corp.                                      | CUSIP: 91702V101<br>LEI: 5493005KEPCD7QSX6305 | Long             | EC               | CORP              | CA        |   5086105 | NS      | $18646492.34  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ur-energy Inc                                              | Ur-Energy, Inc.                                            | CUSIP: 91688R108<br>LEI: 5493004ZEMNWEC7T6X93 | Long             | EC               | CORP              | CA        |  35871317 | NS      | $53448262.33  | 2.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Energy Fuels Inc/canada                                    | Energy Fuels, Inc.                                         | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |   5485099 | NS      | $100103056.75 | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake Plc                                            | Yellow Cake PLC                                            | CUSIP: N/A<br>LEI: 213800CVMYUGOA9EZY95       | Long             | EC               | CORP              | JE        |  10891550 | NS      | $85991232.20  | 4.01%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** SPROTT FUNDS TRUST

**Signature:** Thomas W. Ulrich

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

**Title:** Chief Compliance Officer