Form NPORT-P SPROTT FUNDS TRUST For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0001728683
          XXXXXXXX
        
      
      
      
      
        S000063709
        C000206509
      
      
    
  
  
    
      SPROTT FUNDS TRUST
      811-23382
      0001728683
      549300VF1907NYC4WM31
      200 BAY STREET SUITE 2600
      TORONTO
      CA
      M5J2J1
      4169438099
      Sprott Junior Gold Miners ETF
      S000063709
      549300CBKJHPX82GMQ03
      2022-12-31
      2022-03-31
      N
    
    
      132608880.21
      204049.46
      132404830.75
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      20088.05000000
      
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
        
        
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Wesdome Gold Mines Ltd
        529900DCBALMLHZPLR10
        
        95083R100
        
          
        
        481252.00000000
        NS
        
        6039950.31000000
        4.561729565142
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        Pan African Resources Plc
        213800EAXURCXMX6RL85
        
        N/A
        
          
        
        25289836.00000000
        NS
        
        7441704.67000000
        5.620417795821
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Silver Lake Resources Ltd
        254900Z1BWS584OIKJ61
        
        N/A
        
          
        
        1462619.00000000
        NS
        
        2353131.53000000
        1.777224831353
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Capricorn Metals Ltd
        529900CRG304NUYMOV23
        
        N/A
        
          
        
        970735.00000000
        NS
        
        2970985.48000000
        2.243864867445
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Victoria Gold Corp
        549300VUIN6RQ5764L78
        
        N/A
        
          
        
        142832.00000000
        NS
        
        1816605.05000000
        1.372008135737
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Aurelia Metals Ltd
        5493005OS7G5RY15ND07
        
        N/A
        
          
        
        21915653.00000000
        NS
        
        8035761.30000000
        6.069084681036
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Argonaut Gold Inc
        54930043XCKI4E8EQR38
        
        04016A101
        
          
        
        638786.00000000
        NS
        
        1251870.34000000
        0.945486907772
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          
        
      
      
        Resolute Mining Ltd
        254900MP8JONT590XY28
        
        N/A
        
          
        
        20152633.00000000
        NS
        
        4976480.06000000
        3.758533606221
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Orla Mining Ltd
        529900DU63EUQ1UZKL30
        
        N/A
        
          
        
        465871.00000000
        NS
        
        2228459.45000000
        1.683065064451
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        Mcewen Mining Inc
        5493000FX50GEWAF3U70
        
        58039P107
        
          
        
        1760467.00000000
        NS
        USD
        1481785.07000000
        1.119132180907
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Red 5 Ltd
        5299008TF8KHQ8CIQG34
        
        N/A
        
          
        
        9676180.00000000
        NS
        
        2715261.98000000
        2.050727276806
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Coeur Mining Inc
        5493003AVK173D48DR70
        
        192108504
        
          
        
        448851.00000000
        NS
        USD
        1997386.95000000
        1.508545374580
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hochschild Mining Plc
        549300JK10TVQ3CCJQ89
        
        N/A
        
          
        
        889568.00000000
        NS
        
        1503959.36000000
        1.135879523036
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        N/A
        N/A
        
        N/A
        
          
        
        233341.00000000
        NC
        
        0.00000000
        0.000000
        N/A
        DE
        CORP
        CA
        N
        
        3
        
          
            
              Corporate Action
              N/A
            
            Call
            Purchased
            
              
                Kinross Gold Corp
                Kinross Gold Corp
                
                  
                
              
            
            1.00000000
            0.00000000
            CAD
            2049-12-31
            XXXX
            0.00000000
          
        
        
          N
          N
          N
        
      
      
        Gold Road Resources Ltd
        213800HJWH96TDEMNY83
        
        N/A
        
          
        
        3620939.00000000
        NS
        
        4403024.54000000
        3.325425904069
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Solgold Plc
        213800HGFADQBMIEVI76
        
        N/A
        
          
        
        5829507.00000000
        NS
        
        2768334.27000000
        2.090810625502
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          
        
      
      
        Sabina Gold & Silver Corp
        529900MU3GT5P0ZH7V65
        
        N/A
        
          
        
        1541313.00000000
        NS
        
        1861682.70000000
        1.406053457003
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        K92 Mining Inc
        254900EA8H0X9FEVZU11
        
        N/A
        
          
        
        761316.00000000
        NS
        
        5566074.66000000
        4.203830501101
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Centamin Plc
        213800PDI9G7OUKLPV84
        
        N/A
        
          
        
        3824672.00000000
        NS
        
        4594188.53000000
        3.469804314522
        Long
        EC
        CORP
        JE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Eldorado Gold Corp
        5493004PWQ01YDD1IH62
        
        284902954
        
          
        
        573821.00000000
        NS
        
        6426024.08000000
        4.853315429354
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        St Barbara Ltd
        2549001WR6XSXNOD1F93
        
        N/A
        
          
        
        1740186.00000000
        NS
        
        1836078.80000000
        1.386715869503
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Ramelius Resources Ltd
        254900E44AIGW7KKNR98
        
        N/A
        
          
        
        3389621.00000000
        NS
        
        3652499.51000000
        2.758584780714
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Oceanagold Corp
        549300CBMSE8I9N3E232
        
        675222103
        
          
        
        929342.00000000
        NS
        
        2059174.77000000
        1.555211209693
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Skeena Resources Ltd
        549300DCWSQFVVZ21289
        
        83056P715
        
          
        
        600562.00000000
        NS
        
        6682252.07000000
        5.046834040834
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Westgold Resources Ltd
        2549003AMX9BL7CKBQ74
        
        N/A
        
          
        
        4003255.00000000
        NS
        
        5766609.21000000
        4.355286115570
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        De Grey Mining Ltd
        529900MOX6JOKGFAYY28
        
        N/A
        
          
        
        5129857.00000000
        NS
        
        4452867.58000000
        3.363070331178
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Bellevue Gold Ltd
        N/A
        
        N/A
        
          
        
        2843321.00000000
        NS
        
        2042554.52000000
        1.542658608775
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Seabridge Gold Inc
        9845003FEO1A66376A92
        
        811916105
        
          
        
        259722.00000000
        NS
        USD
        4804857.00000000
        3.628913667864
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        West African Resources Ltd
        529900XLO8GMJNTUL013
        
        N/A
        
          
        
        1882302.00000000
        NS
        
        1760661.42000000
        1.329756180365
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          
        
      
      
        State Street Institutional Treasury Plus Money Market Fund
        549300PNASLVKQG64331
        
        857492862
        
          
        
        421655.07000000
        NS
        USD
        421655.07000000
        0.318458977373
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Koza Altin Isletmeleri As
        N/A
        
        M6372R103
        
          
        
        236929.00000000
        NS
        
        2314101.98000000
        1.747747394783
        Long
        EC
        CORP
        TR
        N
        
        1
        
          N
          N
          N
        
      
      
        Perseus Mining Ltd
        54930054ZDGKBCW3SM26
        
        N/A
        
          
        
        4068948.00000000
        NS
        
        5967806.64000000
        4.507242376426
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Regis Resources Ltd
        213800XH9YUXBLYBD749
        
        N/A
        
          
        
        1294593.00000000
        NS
        
        2044053.42000000
        1.543790667169
        Long
        EC
        CORP
        AU
        N
        
        1
        
          N
          N
          N
        
      
      
        Osisko Mining Inc
        254900SJU6CW31RVHW15
        
        688278100
        
          
        
        758866.00000000
        NS
        
        2422009.63000000
        1.829245667458
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        Aclara Resources Inc
        549300V8ITKL5RQLZQ44
        
        N/A
        
          
        
        118355.56980000
        NS
        
        69111.36000000
        0.052197007925
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        Dundee Precious Metals Inc
        549300LATVTU0EIUMD45
        
        N/A
        
          
        
        677684.00000000
        NS
        
        4043932.84000000
        3.054218503277
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Greatland Gold Plc
        213800KMN7LDF4VRPQ10
        
        N/A
        
          
        
        29534207.00000000
        NS
        
        5237662.17000000
        3.955793863661
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          
        
      
      
        N/A
        N/A
        
        N/A
        
          
        
        0.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        Torex Gold Resources Inc
        549300QL07027186GQ85
        
        891054603
        
          
        
        349802.00000000
        NS
        
        4392985.96000000
        3.317844171633
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
      
        New Gold Inc
        5493005G0GNCHP0H6L96
        
        644535106
        
          
        
        1176126.00000000
        NS
        
        2135588.55000000
        1.612923439351
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          
        
      
    
    
      2022-04-30
      SPROTT FUNDS TRUST
      Thomas W. Ulrich
      Thomas W. Ulrich
      Chief Compliance Officer
    
  
  XXXX

 

Sprott Gold Miners ETF

Schedule of Investments

 

As of March 31, 2022 (Unaudited)

 

Security Description						Shares				Value
COMMON STOCKS (99.90%)
Gold Mining (99.42%)
Agnico Eagle Mines, Ltd.							212,500			$	13,003,455
Alamos Gold, Inc., Class A							1,414,583				11,881,072
AngloGold Ashanti, Ltd., Sponsored ADR							51,731				1,225,507
B2Gold Corp.							2,828,588				12,987,318
Barrick Gold Corp.							1,568,302				38,462,696
Centerra Gold, Inc.							1,151,509				11,320,278
Coeur Mining, Inc.(a)							181,139				806,069
Dundee Precious Metals, Inc.							1,393,557				8,315,750
Eldorado Gold Corp.(a)							894,054				10,012,203
Endeavour Mining PLC(b)							461,563				11,449,081
Equinox Gold Corp.(a)(b)							168,346				1,389,698
Franco-Nevada Corp.							182,090				28,976,511
Gold Fields, Ltd., Sponsored ADR(b)							152,528				2,358,083
Harmony Gold Mining Co., Ltd., Sponsored ADR							2,494,573				12,547,702
IAMGOLD Corp.(a)							355,042				1,232,558
K92 Mining, Inc.(a)							180,624				1,320,564
Kinross Gold Corp.							198,242				1,163,937
New Gold, Inc.(a)							571,316				1,037,385
Newmont Corp.							478,003				37,977,338
Novagold Resources, Inc.(a)							159,365				1,227,601
OceanaGold Corp.(a)							496,842				1,100,870
Osisko Gold Royalties, Ltd.							91,332				1,204,707
Osisko Mining, Inc.(a)							246,389				786,379
Royal Gold, Inc.							102,899				14,537,571
Sandstorm Gold, Ltd.							1,333,708				10,753,731
Seabridge Gold, Inc.(a)							66,862				1,239,205
SSR Mining, Inc.(b)							62,350				1,355,576
Torex Gold Resources, Inc.(a)							736,188				9,245,412
Wesdome Gold Mines, Ltd.(a)							857,680				10,764,308
Wheaton Precious Metals Corp.							474,763				22,577,019
Yamana Gold, Inc.							2,458,597				13,727,158
Total Gold Mining											295,986,742
Silver Mining (0.48%)
Hecla Mining Co.							216,010				1,419,185
TOTAL COMMON STOCKS
(Cost $230,514,943)											297,405,927
RIGHTS (0.00%)(c)
Kinross Gold Corp. - CVR (Expiring 12/31/2049), Strike Price CAD $0.00(d)							696,682				–
TOTAL RIGHTS
(Cost $–)											–

 

			7 Day Yield				Shares				Value
SHORT TERM INVESTMENTS (3.80%)
Money Market Fund (0.02%)
State Street Institutional Treasury Plus Money Market Fund - Premier Class
(Cost $66,533)			0.04	%			66,533			$	66,533
Investments Purchased with Collateral from Securities Loaned (3.78%)
State Street Navigator Securities Lending Government Money Market Portfolio, 0.04%
(Cost $11,264,957)							11,264,957				11,264,957
TOTAL SHORT TERM INVESTMENTS
(Cost $11,331,490)											11,331,490
TOTAL INVESTMENTS (103.70%)
(Cost $241,846,433)										$	308,737,417
LIABILITIES IN EXCESS OF OTHER ASSETS (-3.70%)											(11,016,223	)
NET ASSETS - 100.00%										$	297,721,194

 

(a)	Non-income producing security.
(b)	The security, or a portion of the security position is currently on loan. As of March 31, 2022 the total market value of securities on loan is $11,718,467. The loaned securities were secured with cash collateral of $11,264,957 and non-cash collateral with the value of $1,097,259. The non-cash collateral received consists of common stocks and is held for the benefit of the Fund at the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.
(c)	Less than 0.005%.
(d)	As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 assets.

 

See Notes to Quarterly Schedule of Investments.

 

 

Sprott Junior Gold Miners ETF

Schedule of Investments

 

As of March 31, 2022 (Unaudited)

 

Security Description						Shares				Value
COMMON STOCKS (99.78%)
Diversified Metals & Mining (6.12%)
Aclara Resources, Inc.(a)(b)							118,356			$	69,112
Aurelia Metals, Ltd.(a)							21,915,653				8,035,761
Total Diversified Metals & Mining											8,104,873
Gold Mining (93.66%)
Argonaut Gold, Inc.(a)(b)							638,786				1,251,870
Bellevue Gold, Ltd.(a)							2,843,321				2,042,554
Capricorn Metals, Ltd.(a)							970,735				2,970,985
Centamin PLC							3,824,672				4,594,189
Coeur Mining, Inc.(a)							448,851				1,997,387
De Grey Mining, Ltd.(a)							5,129,857				4,452,868
Dundee Precious Metals, Inc.							677,684				4,043,933
Eldorado Gold Corp.(a)							573,821				6,426,024
Gold Road Resources, Ltd.							3,620,939				4,403,025
Greatland Gold PLC(a)(b)							29,534,207				5,237,662
Hochschild Mining PLC							889,568				1,503,959
K92 Mining, Inc.(a)							761,316				5,566,075
Koza Altin Isletmeleri AS(a)							236,929				2,314,102
McEwen Mining, Inc.(a)							1,760,467				1,481,785
New Gold, Inc.(a)(b)							1,176,126				2,135,589
OceanaGold Corp.(a)							929,342				2,059,175
Orla Mining, Ltd.(a)(b)							465,871				2,228,459
Osisko Mining, Inc.(a)(b)							758,866				2,422,010
Pan African Resources PLC							25,289,836				7,441,705
Perseus Mining, Ltd.							4,068,948				5,967,807
Ramelius Resources, Ltd.							3,389,621				3,652,499
Red 5, Ltd.(a)							9,676,180				2,715,262
Regis Resources, Ltd.							1,294,593				2,044,053
Resolute Mining, Ltd.(a)							20,152,633				4,976,480
Sabina Gold & Silver Corp.(a)							1,541,313				1,861,683
Seabridge Gold, Inc.(a)(b)							259,722				4,804,857
Silver Lake Resources, Ltd.(a)							1,462,619				2,353,132
Skeena Resources, Ltd.(a)							600,562				6,682,252
SolGold PLC(a)(b)							5,829,507				2,768,334
St Barbara, Ltd.							1,740,186				1,836,079
Torex Gold Resources, Inc.(a)(b)							349,802				4,392,986
Victoria Gold Corp.(a)							142,832				1,816,605
Wesdome Gold Mines, Ltd.(a)(b)							481,252				6,039,950
West African Resources, Ltd.(a)(b)							1,882,302				1,760,661
Westgold Resources, Ltd.							4,003,255				5,766,609
Total Gold Mining											124,012,605
TOTAL COMMON STOCKS
(Cost $129,992,523)											132,117,478
RIGHTS (0.00%)(c)
Kinross Gold Corp. - CVR (Expiring 12/31/2049), Strike Price CAD $0.00(d)							233,341				–
TOTAL RIGHTS
(Cost $–)											–

 

			7 Day Yield				Shares				Value
SHORT TERM INVESTMENTS (4.47%)
Money Market Fund (0.32%)
State Street Institutional Treasury Plus Money Market Fund - Premier Class
(Cost $421,655)			0.04	%			421,655			$	421,655
Investments Purchased with Collateral from Securities Loaned (4.15%)
State Street Navigator Securities Lending Government Money Market Portfolio, 0.04%
(Cost $5,498,604)							5,498,604				5,498,604
TOTAL SHORT TERM INVESTMENTS
(Cost $5,920,259)											5,920,259
TOTAL INVESTMENTS (104.25%)
(Cost $135,912,782)										$	138,037,737
LIABILITIES IN EXCESS OF OTHER ASSETS (-4.25%)											(5,632,942	)
NET ASSETS - 100.00%										$	132,404,795

 

(a)	Non-income producing security.
(b)	The security, or a portion of the security position is currently on loan. As of March 31, 2022 the total market value of securities on loan is $7,401,646. The loaned securities were secured with cash collateral of $5,498,604 and non-cash collateral with the value of $2,285,994. The non-cash collateral received consists of common stocks and is held for the benefit of the Fund at the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day's prices.
(c)	Less than 0.005%.
(d)	As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 assets.

 

See Notes to Quarterly Schedule of Investments.

 

 

Sprott Funds Trust

Notes to Quarterly Schedules of Investments

March 31, 2022 (Unaudited)

 

Various inputs are used in determining the value of each Fund's investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments.

 

These inputs are categorized in the following hierarchy under applicable financial accounting standards:

 

Level 1 –

Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;

Level 2 –

Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

Level 3 –

Significant unobservable prices or inputs (including the Fund's own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

 

The following is a summary of the inputs used to value the Funds' investments at March 31, 2022:

 

Sprott Gold Miners ETF
Investments in Securities at Value		Level 1 - Quoted and Unadjusted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
Common Stocks*		$	297,405,927			$	–			$	–			$	297,405,927
Rights*			–				–				–				–
Short Term Investments			11,331,490				–				–				11,331,490
Total		$	308,737,417			$	–			$	–			$	308,737,417

 

Sprott Junior Gold Miners ETF
Investments in Securities at Value		Level 1 - Quoted and Unadjusted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
Common Stocks*		$	132,117,478			$	–			$	–			$	132,117,478
Rights*			–				–				–				–
Short Term Investments			5,920,259				–				–				5,920,259
Total		$	138,037,737			$	–			$	–			$	138,037,737

 

*

For a detailed sector breakdown, see the accompanying Schedule of Investments.

 

 

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

			Rights				Total
Balance as of December 31, 2021		$	-			$	-
Accrued discount/premium			-				-
Realized Gain/(Loss)			-				-
Change in Unrealized Appreciation/(Depreciation)			-				-
Purchases			-				-
Sales Proceeds			-				-
Transfer into Level 3			-				-
Transfer out of Level 3			-				-
Balance as of March 31, 2022		$	-			$	-
Net change in unrealized appreciation/(depreciation) included in the attributable to Level 3 investments held at March 31, 2022		$	-			$	-

 

There were no transfers out of or into level 3 during the period ended March 31, 2022.

 

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