| Sprott Junior Gold Miners ETF |
| Schedule of Investments |
| |
| As of August 31, 2020 (Unaudited) |
| |
| Security Description | | Shares | | Value |
| COMMON STOCKS (100.08%) |
| Diversified Metals & Mining (7.03%) | | | | | | | | |
| Aurelia Metals, Ltd.(a)(b) | | | 1,207,130 | | | $ | 476,321 | |
| K92 Mining, Inc.(a) | | | 1,203,013 | | | | 7,157,113 | |
| Total Diversified Metals & Mining | | | | | | | 7,633,434 | |
| | | | | | | | | |
| Gold Mining (85.92%) | | | | | | | | |
| Alacer Gold Corp.(a) | | | 623,353 | | | | 4,305,908 | |
| Aneka Tambang Tbk | | | 103,273,700 | | | | 5,815,240 | |
| Argonaut Gold, Inc.(a) | | | 2,140,196 | | | | 4,545,055 | |
| Coeur Mining, Inc.(a)(b) | | | 604,277 | | | | 5,112,183 | |
| Dundee Precious Metals, Inc. | | | 699,219 | | | | 5,060,472 | |
| Eldorado Gold Corp.(a) | | | 398,194 | | | | 4,548,695 | |
| Equinox Gold Corp.(a) | | | 473,444 | | | | 6,188,692 | |
| Gold Road Resources, Ltd.(a) | | | 300,865 | | | | 346,169 | |
| Golden Star Resources, Ltd.(a)(b) | | | 117,512 | | | | 546,431 | |
| Greatland Gold PLC(a)(b) | | | 28,525,322 | | | | 5,643,444 | |
| Highland Gold Mining, Ltd. | | | 979,127 | | | | 3,874,206 | |
| Koza Altin Isletmeleri AS(a) | | | 347,347 | | | | 3,676,456 | |
| McEwen Mining, Inc.(a)(b) | | | 440,965 | | | | 555,616 | |
| New Gold, Inc.(a) | | | 306,082 | | | | 502,178 | |
| Novo Resources Corp.(a)(b) | | | 147,807 | | | | 375,084 | |
| OceanaGold Corp.(a) | | | 158,504 | | | | 365,774 | |
| Perseus Mining, Ltd.(a) | | | 4,420,642 | | | | 4,711,343 | |
| Petropavlovsk PLC(a)(b) | | | 1,076,835 | | | | 527,564 | |
| Premier Gold Mines, Ltd.(a) | | | 241,831 | | | | 508,005 | |
| Pretium Resources, Inc.(a) | | | 48,102 | | | | 617,709 | |
| Ramelius Resources, Ltd. | | | 306,988 | | | | 470,952 | |
| Regis Resources, Ltd. | | | 171,775 | | | | 668,937 | |
| Resolute Mining, Ltd.(a) | | | 4,847,179 | | | | 3,950,417 | |
| Roxgold, Inc.(a) | | | 345,472 | | | | 429,075 | |
| Sabina Gold & Silver Corp.(a)(b) | | | 2,361,501 | | | | 4,906,404 | |
| Seabridge Gold, Inc.(a)(b) | | | 22,004 | | | | 418,516 | |
| Silver Lake Resources, Ltd.(a) | | | 242,245 | | | | 387,709 | |
| SolGold PLC(a) | | | 1,052,867 | | | | 363,116 | |
| St Barbara, Ltd. | | | 167,061 | | | | 425,095 | |
| Teranga Gold Corp.(a) | | | 426,848 | | | | 4,967,649 | |
| Torex Gold Resources, Inc.(a) | | | 229,112 | | | | 3,537,636 | |
| Victoria Gold Corp.(a) | | | 395,115 | | | | 6,270,465 | |
| Wesdome Gold Mines, Ltd.(a) | | | 360,804 | | | | 3,988,802 | |
| West African Resources, Ltd.(a) | | | 6,213,520 | | | | 4,353,643 | |
| Westgold Resources, Ltd.(a) | | | 220,915 | | | | 347,053 | |
| Total Gold Mining | | | | | | | 93,311,693 | |
| | | | | | | | | |
| Precious Metals & Minerals Mining (0.34%) | | | | | | | | |
| Osisko Mining, Inc.(a) | | | 120,288 | | | | 367,038 | |
| | | | | | | | | |
| Silver Mining (6.79%) | | | | | | | | |
| Hecla Mining Co. | | | 1,152,550 | | | | 6,938,351 | |
| Security Description | | Shares | | Value |
| Silver Mining (continued) | | | | | | | | |
| Hochschild Mining PLC(a) | | | 137,807 | | | $ | 443,220 | |
| Total Silver Mining | | | | | | | 7,381,571 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $76,213,766) | | | | | | | 108,693,736 | |
| | | Shares | | Value |
| SHORT TERM INVESTMENTS (1.71%) |
| Investments Purchased with Collateral from Securities Loaned (1.71%) | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 0.10% | | | | | | | | |
| (Cost $1,848,580) | | | 1,848,580 | | | | 1,848,580 | |
| | | | | | | | | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $1,848,580) | | | | | | | 1,848,580 | |
| | | | | | | | | |
| TOTAL INVESTMENTS (101.79%) |
| (Cost $78,062,346) | | | | | | $ | 110,542,316 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-1.79%) | | | | | | | (1,940,277 | ) |
| NET ASSETS - 100.00% | | | | | | $ | 108,602,039 | |
(a) | Non-income producing security. |
| (b) | Security, or a portion of the security position is currently on loan. As of August 31, 2020 the total market value of securities on loan is $5,849,278. The loaned securities were secured with cash collateral of $1,848,580 and non-cash collateral with the value of $4,291,061. The non-cash colalteral 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. |
See Notes to Quarterly Schedule of Investments.
| Sprott Gold Miners ETF |
| Schedule of Investments |
| |
| As of August 31, 2020 (Unaudited) |
| |
| Security Description | | Shares | | Value |
| COMMON STOCKS (100.00%) |
| Gold Mining (98.22%) | | | | | | | | |
| Agnico Eagle Mines, Ltd.(a) | | | 128,534 | | | $ | 10,597,268 | |
| Alacer Gold Corp.(b) | | | 1,622,310 | | | | 11,206,358 | |
| Alamos Gold, Inc., Class A | | | 1,000,675 | | | | 10,472,046 | |
| AngloGold Ashanti, Ltd., Sponsored ADR | | | 260,074 | | | | 7,674,784 | |
| B2Gold Corp. | | | 1,633,961 | | | | 10,973,664 | |
| Barrick Gold Corp. | | | 1,315,631 | | | | 38,974,188 | |
| Centerra Gold, Inc. | | | 816,507 | | | | 10,635,530 | |
| Coeur Mining, Inc.(a)(b) | | | 627,842 | | | | 5,311,543 | |
| Eldorado Gold Corp.(b) | | | 909,153 | | | | 10,385,541 | |
| Franco-Nevada Corp. | | | 160,104 | | | | 24,079,121 | |
| Gold Fields, Ltd., Sponsored ADR(a) | | | 433,148 | | | | 5,643,919 | |
| Harmony Gold Mining Co., Ltd., Sponsored ADR(a)(b) | | | 905,773 | | | | 5,869,409 | |
| IAMGOLD Corp.(b) | | | 2,430,750 | | | | 10,454,638 | |
| Kinross Gold Corp.(b) | | | 602,468 | | | | 5,348,702 | |
| Kirkland Lake Gold, Ltd. | | | 287,697 | | | | 15,329,430 | |
| Newmont Corp. | | | 408,157 | | | | 27,460,803 | |
| Novagold Resources, Inc.(b) | | | 570,900 | | | | 6,061,996 | |
| OceanaGold Corp.(b) | | | 2,073,322 | | | | 4,784,528 | |
| Osisko Gold Royalties, Ltd.(a) | | | 456,640 | | | | 5,601,441 | |
| Pretium Resources, Inc.(b) | | | 856,353 | | | | 10,996,982 | |
| Royal Gold, Inc. | | | 85,871 | | | | 11,705,935 | |
| Sandstorm Gold, Ltd.(a)(b) | | | 594,766 | | | | 5,430,799 | |
| SSR Mining, Inc.(b) | | | 271,165 | | | | 5,816,841 | |
| Torex Gold Resources, Inc.(b) | | | 661,661 | | | | 10,216,470 | |
| Wheaton Precious Metals Corp.(a) | | | 398,383 | | | | 21,276,007 | |
| Yamana Gold, Inc. | | | 875,326 | | | | 5,422,344 | |
| Total Gold Mining | | | | | | | 297,730,287 | |
| | | | | | | | | |
| Silver Mining (1.78%) | | | | | | | | |
| Hecla Mining Co. | | | 893,745 | | | | 5,380,345 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $205,737,188) | | | | | | | 303,110,632 | |
| 7 Day Yield | | Shares | | Value |
| SHORT TERM INVESTMENTS (4.07%) |
| Money Market Fund (0.05%) | | | | | | | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $162,764) | | | 0.03 | % | | | 162,764 | | | $ | 162,764 | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (4.02%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 0.10% | | | | | | | | | | | | |
| (Cost $12,187,690) | | | | | | | 12,187,690 | | | | 12,187,690 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $12,350,454) | | | | | | | | | | | 12,350,454 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (104.07%) |
| (Cost $218,087,642) | | | | | | | | | | $ | 315,461,086 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-4.07%) | | | | | | | | | | | (12,348,274 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 303,112,812 | |
|
| (a) | Security, or a portion of the security position is currently on loan. As of August 31, 2020 the total market value of securities on loan is $27,876,360. The loaned securities were secured with cash collateral of $12,187,690 and non-cash collateral with the value of $16,918,550. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day’s prices. |
| (b) | Non-income producing security. |
See Notes to Quarterly Schedule of Investments.
Sprott Funds Trust
Notes to Quarterly Schedules of Investments
August 31, 2020 (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 August 31, 2020:
| 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* | | $ | 303,110,632 | | | $ | – | | | $ | – | | | $ | 303,110,632 | |
| Short Term Investments | | | 12,350,454 | | | | – | | | | – | | | | 12,350,454 | |
| Total | | $ | 315,461,086 | | | $ | – | | | $ | – | | | $ | 315,461,086 | |
| 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* | | $ | 108,693,736 | | | $ | – | | | $ | – | | | $ | 108,693,736 | |
| Short Term Investments | | | 1,848,580 | | | | – | | | | – | | | | 1,848,580 | |
| Total | | $ | 110,542,316 | | | $ | – | | | $ | – | | | $ | 110,542,316 | |
| * | For a detailed sector or country breakdown, see the accompanying Schedule of Investments. |
There were no transfers out of or into level 3 during the period ended August 31, 2020.
