# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0001145549-25-055963
**Filing Date:** 2025-8
**Character Count:** 20936
**Document Hash:** 854c3b450b1735af5e25a3eff282b6c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055963.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055963

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251273142

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Toronto, Ontario

  - **Zip / Postal Code:** M5J2J1

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1219522055.38

**Total Liabilities:** $43757973.60

**Net Assets:** $1175764081.78

**Cash Not Reported:** $1634659.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216003 | 7.34%                | 6.99%                | 0.63%                |
| Class ID C000216004 | 7.30%                | 6.97%                | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37073695.93             | $40501421.35                               |
| Month 2  | $17981597.52             | $57813288.91                               |
| Month 3  | $35524389.19             | $-28332588.09                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Eldorado Gold Corp                        | Eldorado Gold Corp                        | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |   1763300 | NS      | $35865522.00  | 3.05%             |  |  |  | No            | 1                  | On Loan: No      |
| ELECTRUM LTD                              | ELECTRUM LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2127287 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Dundee Precious Metals Inc                | Dundee Precious Metals Inc                | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |   2003600 | NS      | $32192963.47  | 2.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Discovery Silver Corp                     | Discovery Silver Corp                     | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |   6012700 | NS      | $13157955.57  | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Ramelius Resources Ltd                    | Ramelius Resources Ltd                    | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |   6529200 | NS      | $10828929.65  | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandstorm Gold Ltd                        | Sandstorm Gold Ltd                        | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |   2400000 | NS      | $22560000.00  | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Alamos Gold Inc                           | Alamos Gold Inc                           | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |   1393400 | NS      | $37008704.00  | 3.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    538350 | NS      | $64139455.85  | 5.46%             |  |  |  | No            | 1                  | On Loan: No      |
| SSR Mining Inc                            | SSR Mining Inc                            | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |   1065700 | NS      | $13577018.00  | 1.15%             |  |  |  | No            | 1                  | On Loan: —       |
| SUNSHINE SILVER MINING AND REFINING       | SUNSHINE SILVER MINING AND REFINING       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    243691 | NS      | $3655365.00   | 0.31%             |  |  |  | No            | 3                  | On Loan: No      |
| Kinross Gold Corp                         | Kinross Gold Corp                         | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |   1717400 | NS      | $26842962.00  | 2.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Pan American Silver Corp                  | Pan American Silver Corp                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |   1079745 | NS      | $30664758.00  | 2.61%             |  |  |  | No            | 1                  | On Loan: —       |
| Coeur Mining Inc                          | Coeur Mining Inc                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |   5778764 | NS      | $51199849.04  | 4.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco-Nevada Corp                        | Franco-Nevada Corp                        | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     66700 | NS      | $10933464.00  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Cross Gold Consolidat            | Southern Cross Gold Consolidated Ltd      | CUSIP: N/A<br>LEI: 2549004SP30Z0UWKH476       | Long             | EC               | CORP              | CA        |   1372549 | NS      | $6486005.63   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Spartan Resources Ltd/Australi            | Spartan Resources Ltd/Australia           | CUSIP: N/A<br>LEI: 98450001BN8677ED6066       | Long             | EC               | CORP              | AU        |  16639849 | NS      | $21738767.20  | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| I-80 GOLD CORP                            | i-80 Gold Corp                            | CUSIP: 44955L155<br>LEI: 549300LFFIWIGUEXPK11 | N/A              | DE               | CORP              | CA        |  11300000 | NS      | $2034000.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| I-80 GOLD CORP CONV ACRD BD8% 27          | I-80 GOLD CORP CONV ACRD BD8% 27          | CUSIP: 44955LAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5437525 | PA      | $5153773.44   | 0.44%             | 2027-02-22      | Fixed         | 8.00%                 | Yes           | 3                  | On Loan: No      |
| IAMGOLD Corp                              | IAMGOLD Corp                              | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |   4941600 | NS      | $36320760.00  | 3.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Emerald Resources NL                      | Emerald Resources NL                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   6573700 | NS      | $16959809.40  | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERNATIONAL TOWER                       | INTERNATIONAL TOWER                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  19627315 | NS      | $16863564.20  | 1.43%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Invesco Treasury Portfolio                | Invesco Treasury Portfolio                | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  14051284 | NS      | $14051283.77  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| I-Pulse, Inc.                             | I-Pulse, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     74532 | NS      | $756499.80    | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| Gold Bullion International LLC            | Gold Bullion International LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   5000000 | NS      | $7150000.00   | 0.61%             |  |  |  | No            | 3                  | On Loan: No      |
| FALCO RESOURCES LTD - PP (12/19/21)       | FALCO RESOURCES LTD - PP (12/19/21)       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   3750000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Blue Spark Energy Systems Inc             | Blue Spark Energy Systems Inc.            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     74532 | NS      | $745.32       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Genesis Minerals Ltd                      | Genesis Minerals Ltd                      | CUSIP: N/A<br>LEI: 894500AK5BVRCNP0FP48       | Long             | EC               | CORP              | AU        |   4091100 | NS      | $11578000.67  | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution Mining Ltd                      | Evolution Mining Ltd                      | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |   3729021 | NS      | $19118653.68  | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| GoGold Resources Inc                      | GoGold Resources Inc                      | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |   8563000 | NS      | $12576464.11  | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Aya Gold & Silver Inc                     | Aya Gold & Silver Inc                     | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |   2527800 | NS      | $22739526.34  | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinox Gold Corp                         | Equinox Gold Corp                         | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   4286645 | NS      | $24742448.83  | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Jaguar Mining Inc                         | Jaguar Mining Inc                         | CUSIP: 47009M889<br>LEI: 549300IRKN0GXIRGS617 | Long             | EC               | CORP              | CA        |   3115158 | NS      | $7777886.69   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| i-80 Gold Corp                            | i-80 Gold Corp                            | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |  39946637 | NS      | $24641215.41  | 2.10%             |  |  |  | No            | 1                  | On Loan: —       |
| G Mining Ventures Corp                    | G Mining Ventures Corp                    | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   2360800 | NS      | $30824324.58  | 2.62%             |  |  |  | No            | 1                  | On Loan: No      |
| CTGOWRT1                                  | CTGOWRT1                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    100000 | NS      | $62730.00     | 0.01%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Anglogold Ashanti Plc                     | Anglogold Ashanti Plc                     | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    579600 | NS      | $26412372.00  | 2.25%             |  |  |  | No            | 1                  | On Loan: —       |
| Gold Bullion                              | Gold Bullion                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     53591 | NS      | $177019434.56 | 15.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Wheaton Precious Metals Corp              | Wheaton Precious Metals Corp              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    406800 | NS      | $36530640.00  | 3.11%             |  |  |  | No            | 1                  | On Loan: —       |
| Tocqueville Bullion Reserve LP - Class G  | Tocqueville Bullion Reserve LP - Class G  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |      7619 | NS      | $23025734.63  | 1.96%             |  |  |  | No            | N/A                | On Loan: No      |
| Wesdome Gold Mines Ltd                    | Wesdome Gold Mines Ltd                    | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |   2839500 | NS      | $39555950.06  | 3.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Torex Gold Resources Inc                  | Torex Gold Resources Inc                  | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |   1206300 | NS      | $39349253.53  | 3.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Vizsla Royalties Corp                     | Vizsla Royalties Corp                     | CUSIP: 92859L201<br>LEI: 98450020ZFM00010C790 | Long             | EC               | CORP              | CA        |    286457 | NS      | $490137.55    | 0.04%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Vizsla Silver Corp                        | Vizsla Silver Corp                        | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |   7563950 | NS      | $22329413.62  | 1.90%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Westgold Resources Ltd                    | Westgold Resources Ltd                    | CUSIP: N/A<br>LEI: 2549003AMX9BL7CKBQ74       | Long             | EC               | CORP              | AU        |   5673100 | NS      | $10715868.00  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Perpetua Resources Corp                   | Perpetua Resources Corp                   | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | US        |   1836150 | NS      | $22290861.00  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  41253227 | NS      | $41253227.25  | 3.51%             |  |  |  | No            | N/A                | On Loan: No      |
| Ora Banda Mining Ltd                      | Ora Banda Mining Ltd                      | CUSIP: N/A<br>LEI: 984500DAD3BDFDHBD844       | Long             | EC               | CORP              | AU        |   7968374 | NS      | $4011956.03   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| OSISKO DEVELOPMENT CORP                   | Osisko Development Corp                   | CUSIP: 68828E221<br>LEI: 984500A8CC57F67DJ124 | N/A              | DE               | CORP              | CA        |    499999 | NS      | $35799.45     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| OR Royalties Inc                          | OR Royalties Inc                          | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |   1837060 | NS      | $47216522.86  | 4.02%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanaGold Corp                           | OceanaGold Corp                           | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   3550000 | NS      | $50105379.11  | 4.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Lundin Gold Inc                           | Lundin Gold Inc                           | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    757400 | NS      | $39990497.52  | 3.40%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** Sprott Funds Trust

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

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

**Title:** General Counsel