# EDGAR Filing Document

**Accession Number:** 0000825202
**File Stem:** 0001752724-25-207128
**Filing Date:** 2025-8
**Character Count:** 15309
**Document Hash:** f0aee67cb917543a1e40b5963827b519
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207128.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207128

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**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:** 251260774

**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:** 2025-06-30

**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:** $250780888.53

**Total Liabilities:** $1832169.32

**Net Assets:** $248948719.21

**Cash Not Reported:** $122376.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -3.37%               | 0.75%                | 5.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4219561.29              | $-12966944.91                              |
| Month 2  | $309299.56               | $340102.76                                 |
| Month 3  | $139229.33               | $11637551.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| OR Royalties Inc                       | OR Royalties Inc                                                            | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    320000 | NS      | $8227200.00   | 3.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Pason Systems Inc                      | Pason Systems Inc                                                           | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |   1200000 | NS      | $10821369.56  | 4.35%             |  |  |  | No            | 1                  | On Loan: —       |
| Artisan Partners Asset Management Inc  | Artisan Partners Asset Management Inc                                       | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    270000 | NS      | $11969100.00  | 4.81%             |  |  |  | No            | 1                  | On Loan: No      |
| State Street Global Advisors           | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   1549444 | NS      | $1549444.00   | 0.62%             |  |  |  | No            | N/A                | On Loan: No      |
| Cirrus Logic Inc                       | Cirrus Logic Inc                                                            | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     20000 | NS      | $2085100.00   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                 | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     65000 | NS      | $7730450.00   | 3.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Buckle Inc/The                         | Buckle Inc/The                                                              | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |    240000 | NS      | $10884000.00  | 4.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Nucor Corp                             | Nucor Corp                                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     90000 | NS      | $11658600.00  | 4.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Westlake Corp                          | Westlake Corp                                                               | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    125000 | NS      | $9491250.00   | 3.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Kennedy-Wilson Holdings Inc            | Kennedy-Wilson Holdings Inc                                                 | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    850000 | NS      | $5780000.00   | 2.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Gemfields Group Ltd                    | Gemfields Group Ltd                                                         | CUSIP: 000000000<br>LEI: 21380017GAVXTCYS5R31 | Long             | EC               | CORP              | GG        |   9845173 | NS      | $834159.97    | 0.34%             |  |  |  | No            | 1                  | On Loan: —       |
| Marcus & Millichap Inc                 | Marcus & Millichap Inc                                                      | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    170000 | NS      | $5220700.00   | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Helmerich & Payne Inc                  | Helmerich & Payne Inc                                                       | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    500000 | NS      | $7580000.00   | 3.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp                       | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    100000 | NS      | $10780000.00  | 4.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Steel Dynamics Inc                     | Steel Dynamics Inc                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     85000 | NS      | $10880850.00  | 4.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Vishay Intertechnology Inc             | Vishay Intertechnology Inc                                                  | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    300000 | NS      | $4764000.00   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Alamos Gold Inc                        | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    240000 | NS      | $6374400.00   | 2.56%             |  |  |  | No            | 1                  | On Loan: No      |
| ASA Gold and Precious Metals Ltd       | ASA Gold and Precious Metals Ltd                                            | CUSIP: 000000000<br>LEI: 254900VOUR4617HGCL14 | Long             | EC               | RF                | BM        |    280000 | NS      | $8839600.00   | 3.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Major Drilling Group International Inc | Major Drilling Group International Inc                                      | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |   1680000 | NS      | $10930640.72  | 4.39%             |  |  |  | No            | 1                  | On Loan: —       |
| FRP Holdings Inc                       | FRP Holdings Inc                                                            | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270000 | NS      | $7260300.00   | 2.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Cal-Maine Foods Inc                    | Cal-Maine Foods Inc                                                         | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |    105000 | NS      | $10461150.00  | 4.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Federated Hermes Inc                   | Federated Hermes Inc                                                        | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    277500 | NS      | $12298800.00  | 4.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Champion Iron Ltd                      | Champion Iron Ltd                                                           | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |   1200000 | NS      | $3242885.99   | 1.30%             |  |  |  | No            | 1                  | On Loan: —       |
| CF Industries Holdings Inc             | CF Industries Holdings Inc                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     80000 | NS      | $7360000.00   | 2.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Clarkson PLC                           | Clarkson PLC                                                                | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |    210000 | NS      | $9411572.53   | 3.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Fixed Income Clearing Corp             | FIXED INC CLEARING CORP.REPO                                                | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  11176765 | PA      | $11176764.57  | 4.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Pan American Silver Corp               | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    200000 | NS      | $5680000.00   | 2.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashmore Group PLC                      | Ashmore Group PLC                                                           | CUSIP: 000000000<br>LEI: 549300U3L59WB4YI2X12 | Long             | EC               | CORP              | GB        |   3000000 | NS      | $6444590.25   | 2.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Thor Industries Inc                    | Thor Industries Inc                                                         | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     95000 | NS      | $8436950.00   | 3.39%             |  |  |  | No            | 1                  | On Loan: —       |
| Smart Sand Inc                         | Smart Sand Inc                                                              | CUSIP: 83191H107<br>LEI: 549300JISW1T66DVOK23 | Long             | EC               | CORP              | US        |    750000 | NS      | $1507500.00   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Reliance Inc                           | Reliance Inc                                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     39000 | NS      | $12242100.00  | 4.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Societe BIC SA                         | Societe BIC SA                                                              | CUSIP: 000000000<br>LEI: 969500UR00DF63I0VH67 | Long             | EC               | CORP              | FR        |    135000 | NS      | $8396432.22   | 3.37%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Thomas Ulrich

**Name of Signer:** Thomas Ulrich

**Title:** President