# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0001049169-26-000283
**Filing Date:** 2026-2
**Character Count:** 50993
**Document Hash:** 33e715f249a829d27352bf1ecc9f25e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000283.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001049169-26-000283

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23382
- **FILM NUMBER:** 26668101

**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 Critical Materials ETF (Series ID: S000078980)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000239800 | Sprott Critical Materials ETF | SETM            |

## 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 Critical Materials ETF

- **b. EDGAR series identifier (if any):** S000078980

- **c. LEI of Series:** 254900P8ZEMYFBUE9512

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $253783591.80

**Total Liabilities:** $474028.39

**Net Assets:** $253309563.41

**Cash Not Reported:** $7779.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239800 | 7.61%                | 2.98%                | 5.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-16962.17               | $6774950.33                                |
| Month 2  | $-20.47                  | $5760427.68                                |
| Month 3  | $-447072.41              | $12105876.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Southern Copper Corp                                       | Southern Copper Corp.                                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     34398 | NS      | $4935081.06   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Igo Ltd                                                    | IGO, Ltd.                                                  | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |   1207298 | NS      | $6606678.59   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pls Group Ltd                                              | PLS Group, Ltd.                                            | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |   4256540 | NS      | $11987372.90  | 4.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Nouveau Monde Graphite Inc                                 | Nouveau Monde Graphite, Inc.                               | CUSIP: 66979W842<br>LEI: 549300JDLMT728W4PV57 | Long             | EC               | CORP              | CA        |     81577 | NS      | $202310.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Atex Resources Inc                                         | Atex Resources, Inc.                                       | CUSIP: 04681A105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     70220 | NS      | $169340.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Midnight Sun Mining Corp                                   | Midnight Sun Mining Corp.                                  | CUSIP: 598015105<br>LEI: 52990087WPM7KR3D9E07 | Long             | EC               | CORP              | CA        |     55037 | NS      | $53731.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mmg Ltd                                                    | MMG, Ltd.                                                  | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |   1651920 | NS      | $1861479.74   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Moil Ltd                                                   | MOIL, Ltd.                                                 | CUSIP: N/A<br>LEI: 335800KIMZB1TBYBFI12       | Long             | EC               | CORP              | IN        |    124208 | NS      | $509314.24    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Talon Metals Corp                                          | Talon Metals Corp.                                         | CUSIP: N/A<br>LEI: 9845003F1E9496A9MA60       | Long             | EC               | CORP              | VG        |   1026132 | NS      | $448565.95    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeris Resources Ltd                                        | Aeris Resources, Ltd.                                      | CUSIP: N/A<br>LEI: 25490046Z9WWYJ493G64       | Long             | EC               | CORP              | AU        |    257729 | NS      | $103197.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pam Mineral Tbk Pt                                         | Pam Mineral Tbk PT                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   5845000 | NS      | $425887.56    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Faraday Copper Corp                                        | Faraday Copper Corp.                                       | CUSIP: 307357103<br>LEI: 529900BNJJ4FLFL93V78 | Long             | EC               | CORP              | CA        |     55337 | NS      | $110065.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Leo Lithium Ltd                                            | Leo Lithium, Ltd.                                          | CUSIP: N/A<br>LEI: 984500LD0A57A68EZ677       | Long             | EC               | CORP              | AU        |     23792 | NS      | $158.78       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Solaris Resources Inc                                      | Solaris Resources, Inc.                                    | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     27433 | NS      | $219855.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                         | Teck Resources, Ltd.                                       | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    151610 | NS      | $7260602.90   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Avino Silver & Gold Mines Ltd                              | Avino Silver & Gold Mines, Ltd.                            | CUSIP: 053906103<br>LEI: 549300DZZNDMPML1VJ37 | Long             | EC               | CORP              | CA        |    246270 | NS      | $1529336.70   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Aftermath Silver Ltd                                       | Aftermath Silver, Ltd.                                     | CUSIP: 00831V205<br>LEI: 529900FSCUB83APG5666 | Long             | EC               | CORP              | CA        |    245121 | NS      | $191089.19    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lake Resources Nl                                          | Lake Resources NL                                          | CUSIP: N/A<br>LEI: 529900M65BIM9RDPDF56       | Long             | EC               | CORP              | AU        |   2485332 | NS      | $199030.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aic Mines Ltd                                              | AIC Mines, Ltd.                                            | CUSIP: N/A<br>LEI: 5299003P1FAL4U4Y9G52       | Long             | EC               | CORP              | AU        |    254444 | NS      | $100184.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Isoenergy Ltd                                              | IsoEnergy, Ltd.                                            | CUSIP: 46500E867<br>LEI: 5299000RYB4XC9F7VC32 | Long             | EC               | CORP              | CA        |     40942 | NS      | $372566.09    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp                                      | Endeavour Silver Corp.                                     | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |    321140 | NS      | $3018716.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Westwater Resources Inc                                    | Westwater Resources, Inc.                                  | CUSIP: 961684206<br>LEI: 5493006CMF043V56K243 | Long             | EC               | CORP              | US        |    119180 | NS      | $89385.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinjiang Xinxin Mining Industry Co Ltd                     | Xinjiang Xinxin Mining Industry Co., Ltd.                  | CUSIP: N/A<br>LEI: 529900IONU95GT1CFU57       | Long             | EC               | CORP              | CN        |    915000 | NS      | $335070.09    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                                      | Lynas Rare Earths, Ltd.                                    | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | AU        |   1191337 | NS      | $9890308.90   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kghm Polska Miedz Sa                                       | KGHM Polska Miedz SA                                       | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     49243 | NS      | $3851653.04   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Australian Strategic Materials Ltd                         | Australian Strategic Materials, Ltd.                       | CUSIP: N/A<br>LEI: 529900Q6OL8ZSIFGTI23       | Long             | EC               | CORP              | AU        |    629769 | NS      | $292092.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Copper Ltd                                       | Hindustan Copper, Ltd.                                     | CUSIP: N/A<br>LEI: 33580013OQMTB8N3IV37       | Long             | EC               | CORP              | IN        |    159295 | NS      | $918593.12    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |    610378 | NS      | $5615477.60   | 2.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Gruvaktiebolaget Viscaria                                  | Gruvaktiebolaget Viscaria                                  | CUSIP: N/A<br>LEI: 5299004NWV90GIWSWQ04       | Long             | EC               | CORP              | SE        |     56297 | NS      | $119118.62    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Silvercorp Metals Inc                                      | Silvercorp Metals, Inc.                                    | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |    281680 | NS      | $2349211.20   | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| First Majestic Silver Corp                                 | First Majestic Silver Corp.                                | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |    551565 | NS      | $9189072.90   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Guanajuato Silver Co Ltd                                   | Guanajuato Silver Co., Ltd.                                | CUSIP: 40066W106<br>LEI: 549300C1VGZKX7N1GH74 | Long             | EC               | CORP              | CA        |    745651 | NS      | $363983.95    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Silver Corp                                      | Blackrock Silver Corp.                                     | CUSIP: 09261Q107<br>LEI: 529900EI75MCI5GL7914 | Long             | EC               | CORP              | CA        |    285675 | NS      | $287225.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Solgold Plc                                                | SolGold PLC                                                | CUSIP: N/A<br>LEI: 213800HGFADQBMIEVI76       | Long             | EC               | CORP              | GB        |    425210 | NS      | $158192.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Unico Silver Ltd                                           | Unico Silver, Ltd.                                         | CUSIP: N/A<br>LEI: 529900XDJQXMOQ7MT398       | Long             | EC               | CORP              | AU        |    551371 | NS      | $320123.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Precious Metals Corp                                | Andean Precious Metals Corp.                               | CUSIP: 03349X101<br>LEI: 254900ZH5MOB7VSCSG15 | Long             | EC               | CORP              | CA        |     50642 | NS      | $360107.77    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Philex Mining Corp                                         | Philex Mining Corp.                                        | CUSIP: N/A<br>LEI: 2549003WBGIWUSNRZX59       | Long             | EC               | CORP              | PH        |    570000 | NS      | $95916.37     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Jupiter Mines Ltd                                          | Jupiter Mines, Ltd.                                        | CUSIP: N/A<br>LEI: 254900OFKP9ZQXBCHE19       | Long             | EC               | CORP              | AU        |   2618872 | NS      | $480619.97    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Aneka Tambang Tbk                                          | Aneka Tambang Tbk                                          | CUSIP: N/A<br>LEI: 529900LRE2NALSSHMB80       | Long             | EC               | CORP              | ID        |   8261400 | NS      | $1560624.29   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Vizsla Silver Corp                                         | Vizsla Silver Corp.                                        | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |    349273 | NS      | $1910523.31   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nickel Industries Ltd                                      | Nickel Industries, Ltd.                                    | CUSIP: N/A<br>LEI: 54930007K0WX53TSIK16       | Long             | EC               | CORP              | AU        |   2498506 | NS      | $1392264.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia De Minas Buenaventura Saa                              | Cia de Minas Buenaventura SAA                              | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |     75674 | NS      | $2106007.42   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Meteoric Resources Nl                                      | Meteoric Resources NL                                      | CUSIP: N/A<br>LEI: 5299009OXXZHFU8BYE49       | Long             | EC               | CORP              | AU        |   7214541 | NS      | $818488.29    | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Freeport-mcmoran Inc                                       | Freeport-McMoRan, Inc.                                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    262993 | NS      | $13357414.47  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                         | Lundin Mining Corp.                                        | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    300538 | NS      | $6459415.69   | 2.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Magna Mining Inc                                           | Magna Mining, Inc.                                         | CUSIP: 55925F102<br>LEI: 391200LYB0MF13ZWII58 | Long             | EC               | CORP              | CA        |    204267 | NS      | $433074.91    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina Ag                                       | Lithium Argentina AG                                       | CUSIP: H5012F103<br>LEI: 25490091H0GF6CS01G98 | Long             | EC               | CORP              | CH        |    151386 | NS      | $844733.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimegah Bangun Persada Tbk Pt                             | Trimegah Bangun Persada Tbk PT                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |  11773800 | NS      | $794334.33    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Eramet Sa                                                  | Eramet SA                                                  | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               | CORP              | FR        |     15787 | NS      | $1069572.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Critical Metals Corp                                       | Critical Metals Corp.                                      | CUSIP: G2662B103<br>LEI: 984500158752F66VAE27 | Long             | EC               | CORP              | VG        |    109058 | NS      | $756862.52    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Paladin Energy Ltd                                         | Paladin Energy, Ltd.                                       | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |   1002504 | NS      | $6415929.26   | 2.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Lifezone Metals Ltd                                        | Lifezone Metals, Ltd.                                      | CUSIP: G5568L109<br>LEI: N/A                  | Long             | EC               | CORP              | IM        |     46535 | NS      | $198704.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphite One Inc                                           | Graphite One, Inc.                                         | CUSIP: 38871F102<br>LEI: 549300C8OM1HYYGOV659 | Long             | EC               | CORP              | CA        |    132449 | NS      | $192031.99    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Deep Yellow Ltd                                            | Deep Yellow, Ltd.                                          | CUSIP: N/A<br>LEI: 529900FL7FGTGTVII319       | Long             | EC               | CORP              | AU        |    738186 | NS      | $906438.77    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Sungeel Hitech Co Ltd                                      | Sungeel Hitech Co., Ltd.                                   | CUSIP: N/A<br>LEI: 9884003F4ARCHRT0IP74       | Long             | EC               | CORP              | KR        |     12294 | NS      | $349050.43    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Americas Gold & Silver Corp                                | Americas Gold & Silver Corp.                               | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |    286263 | NS      | $1462803.93   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pensana Plc                                                | Pensana PLC                                                | CUSIP: N/A<br>LEI: 213800H4QP6T9499RU64       | Long             | EC               | CORP              | GB        |    554089 | NS      | $660243.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Rare Earths Ltd                                  | Brazilian Rare Earths, Ltd.                                | CUSIP: N/A<br>LEI: 9845008972A00C4E4C60       | Long             | EC               | CORP              | AU        |    160949 | NS      | $425342.04    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mp Materials Corp                                          | MP Materials Corp.                                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |    182516 | NS      | $9220708.32   | 3.64%             |  |  |  | No            |                  1 | On Loan: —       |
| American Battery Technology Co                             | American Battery Technology Co.                            | CUSIP: 02451V309<br>LEI: 529900JBJ8D85CDPHQ69 | Long             | EC               | CORP              | US        |    131201 | NS      | $438211.34    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Resources Ltd                                        | Lotus Resources, Ltd.                                      | CUSIP: N/A<br>LEI: 984500AB0D982CDB3754       | Long             | EC               | CORP              | AU        |   2546233 | NS      | $297365.82    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| First Quantum Minerals Ltd                                 | First Quantum Minerals, Ltd.                               | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    257179 | NS      | $6895331.46   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bannerman Energy Ltd                                       | Bannerman Energy, Ltd.                                     | CUSIP: N/A<br>LEI: 529900D04RI02L5UK707       | Long             | EC               | CORP              | AU        |    173615 | NS      | $385821.41    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Trilogy Metals Inc                                         | Trilogy Metals, Inc.                                       | CUSIP: 89621C105<br>LEI: 52990084YC9OR0TUH237 | Long             | EC               | CORP              | CA        |     35713 | NS      | $153923.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Mkango Resources Ltd                                       | Mkango Resources, Ltd.                                     | CUSIP: 60686A409<br>LEI: 213800RPILRWRUYNTS85 | Long             | EC               | CORP              | CA        |    564492 | NS      | $353820.45    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Peninsula Energy Ltd                                       | Peninsula Energy, Ltd.                                     | CUSIP: N/A<br>LEI: 213800XBLFMYEQENEZ77       | Long             | EC               | CORP              | AU        |    682068 | NS      | $293590.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Rainbow Rare Earths Ltd                                    | Rainbow Rare Earths, Ltd.                                  | CUSIP: N/A<br>LEI: 213800HONYSAXTG6KS11       | Long             | EC               | CORP              | GG        |   1065118 | NS      | $254840.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Lithium Ltd                                       | Standard Lithium, Ltd.                                     | CUSIP: 853606101<br>LEI: 549300LA4BSHAKT4SL33 | Long             | EC               | CORP              | CA        |    257918 | NS      | $1152893.46   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Mines Ltd                                           | Silver Mines, Ltd.                                         | CUSIP: N/A<br>LEI: 529900TQJSJASG5XNA13       | Long             | EC               | CORP              | AU        |   2163353 | NS      | $317617.86    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Central Asia Metals Plc                                    | Central Asia Metals PLC                                    | CUSIP: N/A<br>LEI: 213800EYQBJZIT64NH43       | Long             | EC               | CORP              | GB        |     46489 | NS      | $117809.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / Us                                  | Ivanhoe Electric, Inc. / US                                | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26112 | NS      | $417269.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Energy Metals Ltd                                  | Sunrise Energy Metals, Ltd.                                | CUSIP: N/A<br>LEI: 529900AYAT2TIC68VA49       | Long             | EC               | CORP              | AU        |    206277 | NS      | $1086132.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ngex Minerals Ltd                                          | NGEx Minerals, Ltd.                                        | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |     36743 | NS      | $685308.95    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                                      | Aya Gold & Silver, Inc.                                    | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    266508 | NS      | $3813498.32   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Ltd                                           | Taseko Mines, Ltd.                                         | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |    156090 | NS      | $883469.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kootenay Silver Inc                                        | Kootenay Silver, Inc.                                      | CUSIP: 500583836<br>LEI: 529900HM3U0AXDDZPG82 | Long             | EC               | CORP              | CA        |     87333 | NS      | $136800.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Energy Corp                                         | Encore Energy Corp.                                        | CUSIP: 29259W700<br>LEI: 5299007FNX2NVNJM3O59 | Long             | EC               | CORP              | CA        |    392695 | NS      | $935567.12    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Boss Energy Ltd                                            | Boss Energy, Ltd.                                          | CUSIP: N/A<br>LEI: 9845000ED0A5F908A057       | Long             | EC               | CORP              | AU        |    842441 | NS      | $823629.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Vale Indonesia Tbk Pt                                      | Vale Indonesia Tbk PT                                      | CUSIP: N/A<br>LEI: 5299002HHYBH7C6WBQ62       | Long             | EC               | CORP              | ID        |   4348550 | NS      | $1349550.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Jinchuan Group International Resources Co Ltd              | Jinchuan Group International Resources Co., Ltd.           | CUSIP: N/A<br>LEI: 254900RWLOXOMORJEB03       | Long             | EC               | CORP              | KY        |    323600 | NS      | $26610.82     | 0.01%             |  |  |  | No            |                  3 | On Loan: —       |
| Liontown Ltd                                               | Liontown, Ltd.                                             | CUSIP: N/A<br>LEI: 529900LT0V2IEL7WZY56       | Long             | EC               | CORP              | AU        |   4680486 | NS      | $4919561.05   | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Pmet Resources Inc                                         | PMET Resources, Inc.                                       | CUSIP: N/A<br>LEI: 529900XDIJAIG9QO0I38       | Long             | EC               | CORP              | CA        |    602778 | NS      | $245381.65    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                               | Ganfeng Lithium Group Co., Ltd.                            | CUSIP: N/A<br>LEI: 3003006BE6UOHWEOOR42       | Long             | EC               | CORP              | CN        |    516600 | NS      | $3448336.70   | 1.36%             |  |  |  | Yes           |                  1 | On Loan: —       |
| 29metals Ltd                                               | 29Metals, Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    213465 | NS      | $81912.35     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| European Lithium Ltd                                       | European Lithium, Ltd.                                     | CUSIP: N/A<br>LEI: 529900CXY50A8Q4OBQ93       | Long             | EC               | CORP              | AU        |   1976084 | NS      | $204405.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigma Lithium Corp                                         | Sigma Lithium Corp.                                        | CUSIP: 826599102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    146151 | NS      | $1927731.69   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta Plc                                            | Antofagasta PLC                                            | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |    159861 | NS      | $7065715.27   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Nickel Co Inc                                       | Canada Nickel Co., Inc.                                    | CUSIP: 13515Q103<br>LEI: 98450085D4996CQE9B17 | Long             | EC               | CORP              | CA        |    197575 | NS      | $201526.36    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                                         | Denison Mines Corp.                                        | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |   1881860 | NS      | $5005747.60   | 1.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Global Atomic Corp                                         | Global Atomic Corp.                                        | CUSIP: 37957M106<br>LEI: 529900EY4VQEZUOEO166 | Long             | EC               | CORP              | CA        |    455168 | NS      | $238767.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Albemarle Corp                                             | Albemarle Corp.                                            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     86970 | NS      | $12301036.80  | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevra Lithium Ltd                                         | Elevra Lithium, Ltd.                                       | CUSIP: N/A<br>LEI: 5299007N8RQDP4IN4F31       | Long             | EC               | CORP              | AU        |    358679 | NS      | $1924495.26   | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Ur-energy Inc                                              | Ur-Energy, Inc.                                            | CUSIP: 91688R108<br>LEI: 5493004ZEMNWEC7T6X93 | Long             | EC               | CORP              | CA        |    747020 | NS      | $1038357.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Minerals Ltd/australia                            | Northern Minerals, Ltd.                                    | CUSIP: N/A<br>LEI: 529900P1SN3GV8TH5097       | Long             | EC               | CORP              | AU        |  19554710 | NS      | $391496.14    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                                | Cameco Corp.                                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    127689 | NS      | $11682266.61  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cgn Mining Co Ltd                                          | CGN Mining Co., Ltd.                                       | CUSIP: N/A<br>LEI: 529900LQYG057CZAZT41       | Long             | EC               | CORP              | KY        |   7430050 | NS      | $2949985.80   | 1.16%             |  |  |  | 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        |    944189 | NS      | $944189.25    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver X Mining Corp                                       | Silver X Mining Corp.                                      | CUSIP: 828341107<br>LEI: 894500TOVTJDJJ6WSU81 | Long             | EC               | CORP              | CA        |    263101 | NS      | $207022.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Royalty Corp                                       | Uranium Royalty Corp.                                      | CUSIP: 91702V101<br>LEI: 5493005KEPCD7QSX6305 | Long             | EC               | CORP              | CA        |    126555 | NS      | $448004.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Ivanhoe Mines Ltd                                          | Ivanhoe Mines, Ltd.                                        | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    168049 | NS      | $1911219.91   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Merdeka Battery Materials Tbk Pt                           | Merdeka Battery Materials Tbk PT                           | CUSIP: N/A<br>LEI: 98450009A36V139E4C79       | Long             | EC               | CORP              | ID        |  39234900 | NS      | $1341163.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Minsur Sa                                                  | Minsur SA                                                  | CUSIP: N/A<br>LEI: 254900C69MVC7SXO2G61       | Long             | EC               | CORP              | PE        |    264133 | NS      | $427503.95    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                                      | Lithium Americas Corp.                                     | CUSIP: 53681J103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |    303755 | NS      | $1324371.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                                        | Uranium Energy Corp.                                       | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    754675 | NS      | $8814604.00   | 3.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Ioneer Ltd                                                 | ioneer, Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2648289 | NS      | $326957.99    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Atalaya Mining Copper Sa                                   | ATALAYA MINING COPPER SA                                   | CUSIP: N/A<br>LEI: 549300QNQPXVRXGXOX56       | Long             | EC               | CORP              | CY        |     35474 | NS      | $408835.38    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Energy Resources Ltd                                | Vulcan Energy Resources, Ltd.                              | CUSIP: N/A<br>LEI: 8945006OYFHQ9HE4XE54       | Long             | EC               | CORP              | AU        |    218635 | NS      | $643447.51    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Abrasilver Resource Corp                                   | AbraSilver Resource Corp.                                  | CUSIP: 00379L304<br>LEI: 254900WR30BQ8MPSYU80 | Long             | EC               | CORP              | CA        |    148547 | NS      | $1155864.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Niocorp Developments Ltd                                   | NioCorp Developments, Ltd.                                 | CUSIP: 654484609<br>LEI: 5299001QL26XJPOD3A17 | Long             | EC               | CORP              | CA        |    326053 | NS      | $1728080.90   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| New Pacific Metals Corp                                    | New Pacific Metals Corp.                                   | CUSIP: 64782A107<br>LEI: 549300TC0CSHP59S8103 | Long             | EC               | CORP              | CA        |    113187 | NS      | $397286.37    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Firefly Metals Ltd                                         | FireFly Metals, Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    175753 | NS      | $245134.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nac Kazatomprom Jsc                                        | NAC Kazatomprom JSC                                        | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |    204463 | NS      | $11409035.40  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                        | Hudbay Minerals, Inc.                                      | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    117360 | NS      | $2329596.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Arafura Rare Earths Ltd                                    | Arafura Rare Earths, Ltd.                                  | CUSIP: N/A<br>LEI: 52990098Y7ZDAOS75K52       | Long             | EC               | CORP              | AU        |   8673606 | NS      | $1562853.61   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Rare Earths Ltd                                   | American Rare Earths, Ltd.                                 | CUSIP: N/A<br>LEI: 5299000NZYD6VHPGDR70       | Long             | EC               | CORP              | AU        |    643590 | NS      | $148177.83    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ero Copper Corp                                            | ERO Copper Corp.                                           | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     34859 | NS      | $986175.35    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Aclara Resources Inc                                       | Aclara Resources, Inc.                                     | CUSIP: 00461M103<br>LEI: 549300V8ITKL5RQLZQ44 | Long             | EC               | CORP              | CA        |    204367 | NS      | $321615.04    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianqi Lithium Corp                                        | Tianqi Lithium Corp.                                       | CUSIP: N/A<br>LEI: 300300IZ1J0MQ8YVEG66       | Long             | EC               | CORP              | CN        |    247150 | NS      | $1621160.72   | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Amerigo Resources Ltd                                      | Amerigo Resources, Ltd.                                    | CUSIP: 03074G109<br>LEI: 5299000WW697YX8VQX13 | Long             | EC               | CORP              | CA        |     53040 | NS      | $175441.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindian Resources Ltd                                      | Lindian Resources, Ltd.                                    | CUSIP: N/A<br>LEI: 984500CHDBDE3657BC83       | Long             | EC               | CORP              | AU        |   3500810 | NS      | $969552.84    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                       | Capstone Copper Corp.                                      | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    331347 | NS      | $3326626.83   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd                                        | Iluka Resources, Ltd.                                      | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |    986021 | NS      | $3809952.61   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Syrah Resources Ltd                                        | Syrah Resources, Ltd.                                      | CUSIP: N/A<br>LEI: 254900ZS2VP83B6L6Y30       | Long             | EC               | CORP              | AU        |   1668739 | NS      | $373068.06    | 0.15%             |  |  |  | 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      |
| Core Lithium Ltd                                           | Core Lithium, Ltd.                                         | CUSIP: N/A<br>LEI: 529900FYS46XFGQKWI31       | Long             | EC               | CORP              | AU        |   2634302 | NS      | $483451.71    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arizona Sonoran Copper Co Inc                              | Arizona Sonoran Copper Co., Inc.                           | CUSIP: 04058Q105<br>LEI: 549300C8J16JPSINEM53 | Long             | EC               | CORP              | CA        |     36059 | NS      | $125577.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Metals Corp                                       | Imperial Metals Corp.                                      | CUSIP: 452892102<br>LEI: 549300WQSPLDYCC4Z755 | Long             | EC               | CORP              | CA        |     22175 | NS      | $161560.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandfire Resources Ltd                                     | Sandfire Resources, Ltd.                                   | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |     83092 | NS      | $993692.62    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/canada                                    | Energy Fuels, Inc.                                         | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |    251451 | NS      | $3656097.54   | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** SPROTT FUNDS TRUST

**Signature:** Thomas W. Ulrich

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

**Title:** Chief Compliance Officer