# EDGAR Filing Document

**Accession Number:** 0001728683
**File Stem:** 0001752724-25-201427
**Filing Date:** 2025-8
**Character Count:** 23427
**Document Hash:** 58237a5954fa70581c8adc6135e50878
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-201427.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-201427

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**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:** 251248958

**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 Silver Miners & Physical Silver ETF (Series ID: S000086726)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000252337 | Sprott Silver Miners & Physical Silver ETF | SLVR            |

## 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 Silver Miners & Physical Silver ETF

- **b. EDGAR series identifier (if any):** S000086726

- **c. LEI of Series:** 254900ZUOVNIY50FJ915

**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:** $105764220.68

**Total Liabilities:** $126061.55

**Net Assets:** $105638159.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252337 | -1.18%               | 10.32%               | 14.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12666.64               | $-127895.72                                |
| Month 2  | $0.00                    | $5930229.92                                |
| Month 3  | $2110379.03              | $6478768.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wheaton Precious Metals Corp                               | Wheaton Precious Metals Corp.                                               | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     48563 | NS      | $4360957.40   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Silver Ltd                                          | Andean Silver, Ltd.                                                         | CUSIP: N/A<br>LEI: 25490044GUNE4S2E6K11       | Long             | EC               | CORP              | AU        |     31500 | NS      | $21146.37     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerro De Pasco Resources Inc                               | Cerro de Pasco Resources, Inc.                                              | CUSIP: 156828105<br>LEI: 529900WKB2I6AJYVHK72 | Long             | EC               | CORP              | CA        |     72460 | NS      | $23146.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avino Silver & Gold Mines Ltd                              | Avino Silver & Gold Mines, Ltd.                                             | CUSIP: 053906103<br>LEI: 549300DZZNDMPML1VJ37 | Long             | EC               | CORP              | CA        |     40783 | NS      | $146818.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Aftermath Silver Ltd                                       | Aftermath Silver, Ltd.                                                      | CUSIP: 00831V205<br>LEI: 529900FSCUB83APG5666 | Long             | EC               | CORP              | CA        |   2213071 | NS      | $1105113.48   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp                                      | Endeavour Silver Corp.                                                      | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |   1934797 | NS      | $9519201.24   | 9.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Triple Flag Precious Metals Corp                           | Triple Flag Precious Metals Corp.                                           | CUSIP: 89679M104<br>LEI: 254900R7NJ1TEYIM4E61 | Long             | EC               | CORP              | CA        |     49406 | NS      | $1170428.14   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Adriatic Metals Plc                                        | Adriatic Metals PLC                                                         | CUSIP: N/A<br>LEI: 549300OHAH2GL1DP0L61       | Long             | EC               | CORP              | GB        |     93996 | NS      | $348362.71    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Hercules Metals Corp                                       | Hercules Metals Corp.                                                       | CUSIP: 427086103<br>LEI: 894500C6CSRIL3D6RX81 | Long             | EC               | CORP              | CA        |     49140 | NS      | $23275.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eloro Resources Ltd                                        | Eloro Resources, Ltd.                                                       | CUSIP: 289900300<br>LEI: 529900IQ2C3D5C7VQU46 | Long             | EC               | CORP              | CA        |     20695 | NS      | $19300.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                           | Coeur Mining, Inc.                                                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    143823 | NS      | $1274271.78   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Viscount Mining Corp                                       | Viscount Mining Corp.                                                       | CUSIP: 92834X106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1064051 | NS      | $617294.14    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hochschild Mining Plc                                      | Hochschild Mining PLC                                                       | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | GB        |     66111 | NS      | $231949.32    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc                                      | Silvercorp Metals, Inc.                                                     | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |   1083791 | NS      | $4573598.02   | 4.33%             |  |  |  | No            |                  1 | On Loan: —       |
| First Majestic Silver Corp                                 | First Majestic Silver Corp.                                                 | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |   3235997 | NS      | $26761695.19  | 25.33%            |  |  |  | No            |                  1 | On Loan: —       |
| Guanajuato Silver Co Ltd                                   | Guanajuato Silver Co., Ltd.                                                 | CUSIP: 40066W106<br>LEI: 549300C1VGZKX7N1GH74 | Long             | EC               | CORP              | CA        |   4180120 | NS      | $798113.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackrock Silver Corp                                      | Blackrock Silver Corp.                                                      | CUSIP: 09261Q107<br>LEI: 529900EI75MCI5GL7914 | Long             | EC               | CORP              | CA        |     85064 | NS      | $30921.01     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Silver Corp                                         | Apollo Silver Corp.                                                         | CUSIP: 03770A109<br>LEI: 984500BAD875B61ECA56 | Long             | EC               | CORP              | CA        |     75906 | NS      | $18394.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Unico Silver Ltd                                           | Unico Silver, Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   3623760 | NS      | $632019.27    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Precious Metals Corp                                | Andean Precious Metals Corp.                                                | CUSIP: 03349X101<br>LEI: 254900ZH5MOB7VSCSG15 | Long             | EC               | CORP              | CA        |    426661 | NS      | $899223.11    | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Silver Ltd                                             | Sun Silver, Ltd.                                                            | CUSIP: N/A<br>LEI: 254900IZEBASSNUS9150       | Long             | EC               | CORP              | AU        |    797847 | NS      | $380699.80    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Vizsla Silver Corp                                         | Vizsla Silver Corp.                                                         | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |   1458804 | NS      | $4288883.76   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Tiger Metals Inc                                    | Silver Tiger Metals, Inc.                                                   | CUSIP: 82831T109<br>LEI: 2549009QDIU00MWT6U57 | Long             | EC               | CORP              | CA        |   3987151 | NS      | $1259023.26   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp                                | Americas Gold & Silver Corp.                                                | CUSIP: 03062D100<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |   3989280 | NS      | $3222141.46   | 3.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Dolly Varden Silver Corp                                   | Dolly Varden Silver Corp.                                                   | CUSIP: 256827783<br>LEI: 2549007A2MNBXFD0FU11 | Long             | EC               | CORP              | CA        |     14436 | NS      | $48340.86     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Discovery Silver Corp                                      | Discovery Silver Corp.                                                      | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |    118813 | NS      | $260005.68    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Mines Ltd                                           | Silver Mines, Ltd.                                                          | CUSIP: N/A<br>LEI: 529900TQJSJASG5XNA13       | Long             | EC               | CORP              | AU        |  17313001 | NS      | $1310373.84   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Silver Trust                               | Sprott Physical Silver Trust                                                | CUSIP: 85207K107<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1395549 | NS      | $17081519.76  | 16.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Gr Silver Mining Ltd                                       | GR Silver Mining, Ltd.                                                      | CUSIP: 36258E102<br>LEI: 254900K448VPXRKTBM08 | Long             | EC               | CORP              | CA        |   3362933 | NS      | $419826.41    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo Plc                                              | Fresnillo PLC                                                               | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |     57555 | NS      | $1137637.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                            | Hecla Mining Co.                                                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    170362 | NS      | $1020468.38   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                                      | Aya Gold & Silver, Inc.                                                     | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    491290 | NS      | $4419535.52   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kootenay Silver Inc                                        | Kootenay Silver, Inc.                                                       | CUSIP: 500583836<br>LEI: 529900HM3U0AXDDZPG82 | Long             | EC               | CORP              | CA        |    600463 | NS      | $507091.94    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                                   | Pan American Silver Corp.                                                   | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     69672 | NS      | $1978684.80   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotkamo Silver Ab                                          | Sotkamo Silver AB                                                           | CUSIP: N/A<br>LEI: 213800R2TQW1OZGYDX93       | Long             | EC               | CORP              | SE        |   2761252 | NS      | $277774.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Metallurgique D'imiter                             | Societe Metallurgique D'imiter                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MA        |      2320 | NS      | $621337.65    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles Sab De Cv                               | Industrias Penoles SAB de CV                                                | CUSIP: 244820908<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |     41721 | NS      | $1166484.88   | 1.10%             |  |  |  | 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        |    264646 | NS      | $264645.83    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Prime Mining Corp                                          | Prime Mining Corp.                                                          | CUSIP: 74167M105<br>LEI: 5493006KEVX2PYRAXX06 | Long             | EC               | CORP              | CA        |     22661 | NS      | $35611.93     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Silver Exploration Corp                           | Southern Silver Exploration Corp.                                           | CUSIP: 843814203<br>LEI: 529900VY7ZZW0FTRGM33 | Long             | EC               | CORP              | CA        |     85097 | NS      | $14060.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ssr Mining Inc                                             | SSR Mining, Inc.                                                            | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |     37679 | NS      | $480030.46    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Abrasilver Resource Corp                                   | AbraSilver Resource Corp.                                                   | CUSIP: 00379L304<br>LEI: 254900WR30BQ8MPSYU80 | Long             | EC               | CORP              | CA        |   1353502 | NS      | $5118806.90   | 4.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Hycroft Mining Holding Corp                                | Hycroft Mining Holding Corp.                                                | CUSIP: 44862P208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3558 | NS      | $11136.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Impact Silver Corp                                         | IMPACT Silver Corp.                                                         | CUSIP: 45257A102<br>LEI: 5299003BDKNMGPIVOP50 | Long             | EC               | CORP              | CA        |   2581886 | NS      | $492961.53    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| New Pacific Metals Corp                                    | New Pacific Metals Corp.                                                    | CUSIP: 64782A107<br>LEI: 549300TC0CSHP59S8103 | Long             | EC               | CORP              | CA        |    896017 | NS      | $1200662.78   | 1.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Outcrop Silver & Gold Corp                                 | Outcrop Silver & Gold Corp.                                                 | CUSIP: 69002Q105<br>LEI: 529900TS47D23PWDP884 | Long             | EC               | CORP              | CA        |   2678246 | NS      | $462190.42    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Madre Gold And Silver Ltd                           | Sierra Madre Gold And Silver, Ltd.                                          | CUSIP: 8263XP104<br>LEI: 984500C0001D39FB0424 | Long             | EC               | CORP              | CA        |    815145 | NS      | $448950.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogold Resources Inc                                       | GoGold Resources, Inc.                                                      | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |   2988019 | NS      | $4388498.62   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Or Royalties Inc                                           | OR Royalties, Inc.                                                          | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     30320 | NS      | $779527.20    | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Santacruz Silver Mining Ltd                                | Santacruz Silver Mining, Ltd.                                               | CUSIP: 80280U106<br>LEI: 549300KR50UPLTF0XY61 | Long             | EC               | CORP              | CA        |     92274 | NS      | $69794.18     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** SPROTT FUNDS TRUST

**Signature:** Thomas W. Ulrich

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

**Title:** Chief Compliance Officer