# EDGAR Filing Document

**Accession Number:** 0000825202
**File Stem:** 0001410368-26-017155
**Filing Date:** 2026-2
**Character Count:** 16032
**Document Hash:** c0f535b4bd2a18c5d817b58f0bd8529b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-017155.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001410368-26-017155

**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 FOCUS TRUST INC.
- **CENTRAL INDEX KEY:** 0000825202

**ORGANIZATION NAME:**
- **EIN:** 592876580
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05379
- **FILM NUMBER:** 26671144

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE FOCUS TRUST INC
- **DATE OF NAME CHANGE:** 19990525

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE GLOBAL TRUST INC
- **DATE OF NAME CHANGE:** 19961203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALL SEASONS GLOBAL FUND INC
- **DATE OF NAME CHANGE:** 19950803

## 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 FOCUS TRUST INC.

- **b. Investment Company Act file number:** 811-05379

- **c. CIK number of Registrant:** 0000825202

- **d. LEI of Registrant:** 549300ZO564XGNG81814

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

  - **Street Address 1:** C/O SPROTT ASSET MANAGEMENT USA, INC

  - **City:** DARIEN

  - **Zip / Postal Code:** 06820

  - **Telephone number:** 203-656-2401

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

- **a. Name of Series:** SPROTT FOCUS TRUST INC.

- **c. LEI of Series:** 549300ZO564XGNG81814

**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:** $291012222.95

**Total Liabilities:** $3669671.96

**Net Assets:** $287342550.99

**Cash Not Reported:** $131270.64

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.75%               | 3.79%                | 2.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1604237.38              | $-3626580.49                               |
| Month 2  | $-520351.00              | $9727487.82                                |
| Month 3  | $1122674.57              | $5259449.06                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Agnico Eagle Mines Ltd                 | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     55000 | NS      | $9324150.00   | 3.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Alamos Gold Inc                        | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    150000 | NS      | $5787000.00   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Clarkson PLC                           | Clarkson PLC                                                                | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |    210000 | NS      | $10799105.50  | 3.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Artisan Partners Asset Management Inc  | Artisan Partners Asset Management Inc                                       | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    267500 | NS      | $10897950.00  | 3.79%             |  |  |  | No            | 1                  | On Loan: —       |
| H&R Block Inc                          | H&R Block Inc                                                               | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     50000 | NS      | $2179000.00   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Buckle Inc/The                         | Buckle Inc/The                                                              | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |    220000 | NS      | $11752400.00  | 4.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CF Industries Holdings Inc             | CF Industries Holdings Inc                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    110000 | NS      | $8507400.00   | 2.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Cal-Maine Foods Inc                    | Cal-Maine Foods Inc                                                         | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |    150000 | NS      | $11935500.00  | 4.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Cirrus Logic Inc                       | Cirrus Logic Inc                                                            | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     20000 | NS      | $2370000.00   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp                       | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    100000 | NS      | $12034000.00  | 4.19%             |  |  |  | No            | 1                  | On Loan: No      |
| FRP Holdings Inc                       | FRP Holdings Inc                                                            | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270000 | NS      | $6153300.00   | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Federated Hermes Inc                   | Federated Hermes Inc                                                        | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    242500 | NS      | $12626975.00  | 4.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Gentex Corp                            | Gentex Corp                                                                 | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    120000 | NS      | $2792400.00   | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Helmerich & Payne Inc                  | Helmerich & Payne Inc                                                       | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    470000 | NS      | $13479600.00  | 4.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Kennedy-Wilson Holdings Inc            | Kennedy-Wilson Holdings Inc                                                 | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    700000 | NS      | $6769000.00   | 2.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Societe BIC SA                         | Societe BIC SA                                                              | CUSIP: 000000000<br>LEI: 969500UR00DF63I0VH67 | Long             | EC               | CORP              | FR        |    150000 | NS      | $9078419.92   | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Major Drilling Group International Inc | Major Drilling Group International Inc                                      | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |   1420000 | NS      | $13345961.90  | 4.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Marcus & Millichap Inc                 | Marcus & Millichap Inc                                                      | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    170000 | NS      | $4639300.00   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Nucor Corp                             | Nucor Corp                                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     86500 | NS      | $14109015.00  | 4.91%             |  |  |  | No            | 1                  | On Loan: No      |
| OR Royalties Inc                       | OR Royalties Inc                                                            | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    150000 | NS      | $5308500.00   | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Pan American Silver Corp               | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    135000 | NS      | $6994350.00   | 2.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Pason Systems Inc                      | Pason Systems Inc                                                           | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |   1340000 | NS      | $11705657.35  | 4.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Reliance Inc                           | Reliance Inc                                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     42500 | NS      | $12276975.00  | 4.27%             |  |  |  | No            | 1                  | On Loan: No      |
| SLB Ltd                                | SLB Ltd                                                                     | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     85000 | NS      | $3262300.00   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Smart Sand Inc                         | Smart Sand Inc                                                              | CUSIP: 83191H107<br>LEI: 549300JISW1T66DVOK23 | Long             | EC               | CORP              | US        |    750000 | NS      | $3000000.00   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Fixed Income Clearing Corp             | FIXED INC CLEARING CORP.REPO                                                | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  13909186 | PA      | $13909185.73  | 4.84%             |  |  |  | No            | 2                  | On Loan: No      |
| Steel Dynamics Inc                     | Steel Dynamics Inc                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     82000 | NS      | $13894900.00  | 4.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Thor Industries Inc                    | Thor Industries Inc                                                         | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     95000 | NS      | $9753650.00   | 3.39%             |  |  |  | No            | 1                  | On Loan: —       |
| Vishay Intertechnology Inc             | Vishay Intertechnology Inc                                                  | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    300000 | NS      | $4347000.00   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Westlake Corp                          | Westlake Corp                                                               | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    140000 | NS      | $10351600.00  | 3.60%             |  |  |  | No            | 1                  | On Loan: —       |
| Ashmore Group PLC                      | Ashmore Group PLC                                                           | CUSIP: 000000000<br>LEI: 549300U3L59WB4YI2X12 | Long             | EC               | CORP              | GB        |   3000000 | NS      | $7137397.94   | 2.48%             |  |  |  | No            | 1                  | On Loan: —       |
| State Street Global Advisors           | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   3293713 | NS      | $3293713.30   | 1.15%             |  |  |  | No            | N/A                | On Loan: No      |
| ASA Gold and Precious Metals Ltd       | ASA Gold and Precious Metals Ltd                                            | CUSIP: 000000000<br>LEI: 254900VOUR4617HGCL14 | Long             | EC               | RF                | BM        |    235000 | NS      | $14022450.00  | 4.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Champion Iron Ltd                      | Champion Iron Ltd                                                           | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |    700000 | NS      | $2799898.00   | 0.97%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

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

**Name of Applicant:** SPROTT FOCUS TRUST INC.

**Signature:** Thomas Ulrich

**Name of Signer:** Thomas Ulrich

**Title:** President