Sprott ETF Trust NPORT-P Sprott Lithium Miners ETF (Mar 2023 report)

Sprott Gold Miners ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (100.00%)
Gold Mining (96.10%)
Agnico Eagle Mines, Ltd.		474,684	$	24,199,577
Alamos Gold, Inc., Class A(a)		908,345		11,089,673
AngloGold Ashanti, Ltd., Sponsored ADR(a)		144,001		3,483,384
B2Gold Corp.		2,864,705		11,318,923
Barrick Gold Corp.(a)		1,727,498		32,070,237
Centerra Gold, Inc.(a)		1,530,487		9,886,165
Coeur Mining, Inc.(a)(b)		529,205		2,111,528
Dundee Precious Metals, Inc.		1,590,155		11,601,131
Eldorado Gold Corp.(a)(b)		1,060,054		10,980,952
Endeavour Mining PLC(a)		437,712		10,548,487
Equinox Gold Corp.(a)(b)		600,309		3,082,608
Franco-Nevada Corp.		192,475		28,074,433
Gold Fields, Ltd., Sponsored ADR(a)		577,891		7,697,508
Harmony Gold Mining Co., Ltd., Sponsored ADR(a)		690,422		2,830,730
IAMGOLD Corp.(a)(b)		890,539		2,431,438
K92 Mining, Inc.(b)		422,705		2,402,053
Kinross Gold Corp.		567,668		2,671,379
New Gold, Inc.(b)		1,285,606		1,398,328
Newmont Corp.		521,966		25,586,773
Novagold Resources, Inc.(a)(b)		383,809		2,376,975
OceanaGold Corp.		1,172,772		2,906,982
Osisko Gold Royalties, Ltd.		173,137		2,736,372
Osisko Mining, Inc.(b)		654,706		2,083,045
Royal Gold, Inc.(a)		27,406		3,554,832
Seabridge Gold, Inc.(b)		153,191		1,977,938
SSR Mining, Inc.(a)		674,232		10,197,042
Torex Gold Resources, Inc.(b)		783,791		13,042,885
Wesdome Gold Mines, Ltd.(b)		2,040,296		11,684,714
Yamana Gold, Inc.		1,734,934		10,115,634
Total Gold Mining				264,141,726
Silver Mining (3.90%)
Pan American Silver Corp.(a)		587,380		10,717,566
TOTAL COMMON STOCKS
(Cost $234,003,477)				274,859,292

	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (6.17%)
Money Market Fund (0.02%)
State Street Institutional Treasury Plus Money Market Fund
(Cost $56,944)		4.67	%		56,944	$	56,944
Investments Purchased with Collateral from Securities Loaned (6.15%)
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%
(Cost $16,926,336)					16,926,336		16,926,336
TOTAL SHORT TERM INVESTMENTS
(Cost $16,983,280)							16,983,280
TOTAL INVESTMENTS (106.17%)
(Cost $250,986,757)						$	291,842,572
LIABILITIES IN EXCESS OF OTHER ASSETS (-6.17%)							(16,971,246	)
NET ASSETS - 100.00%						$	274,871,326

(a)

As of March 31, 2023, the security, or a portion of the security position was on loan. As of March 31, 2023, the total market value of securities on loan was $29,094,515. The loaned securities were secured with cash collateral of $16,926,336 and non-cash collateral with the value of $14,025,198. 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.

(b)

Non-income producing security.

See Notes to Quarterly Schedule of Investments.

Sprott Junior Gold Miners ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (100.10%)
Copper Mining (0.31%)
SolGold PLC(a)(b)		1,485,201	$	351,770
Diversified Metals & Mining (2.79%)
Leo Lithium, Ltd.(a)		854,699		297,088
Mincor Resources NL(a)(b)		3,033,202		2,848,695
Total Diversified Metals & Mining				3,145,783
Gold Mining (93.32%)
Argonaut Gold, Inc.(a)		1,258,656		586,721
Bellevue Gold, Ltd.(a)(b)		5,897,624		5,046,095
Capricorn Metals, Ltd.(a)		114,658		364,821
Centamin PLC		406,023		522,154
Centerra Gold, Inc.(b)		64,535		416,863
Coeur Mining, Inc.(a)		99,345		396,387
De Grey Mining, Ltd.(a)(b)		5,916,338		6,129,896
Dundee Precious Metals, Inc.		69,670		508,284
Eldorado Gold Corp.(a)(b)		48,544		502,861
Equinox Gold Corp.(a)		1,312,271		6,738,558
Firefinch, Ltd.(a)(b)		6,635,363		887,081
Gold Road Resources, Ltd.(b)		292,565		332,460
Greatland Gold PLC(a)(b)		3,568,320		338,943
Hochschild Mining PLC		3,896,769		4,061,938
K92 Mining, Inc.(a)		61,064		347,001
Karora Resources, Inc.(a)		1,150,350		3,864,291
McEwen Mining, Inc.(a)(b)		552,798		4,682,199
New Gold, Inc.(a)(b)		3,522,012		3,830,823
Novagold Resources, Inc.(a)(b)		1,099,678		6,839,997
OceanaGold Corp.(b)		2,764,647		6,852,806
Orla Mining, Ltd.(a)		1,274,291		6,043,807
Osisko Mining, Inc.(a)(b)		1,519,648		4,834,988
Pan African Resources PLC		1,562,104		319,497
Perseus Mining, Ltd.		4,327,033		6,883,916
Ramelius Resources, Ltd.(b)		586,976		498,302
Red 5, Ltd.(a)		2,865,661		287,332
Regis Resources, Ltd.		3,400,911		4,728,539
Sabina Gold & Silver Corp.(a)		3,702,533		5,616,125
Seabridge Gold, Inc.(a)(b)		26,790		346,930
Silver Lake Resources, Ltd.(a)		397,660		311,004
Skeena Resources, Ltd.(a)		58,876		360,705
St Barbara, Ltd.(a)		798,639		357,679
Tietto Minerals, Ltd.(a)		6,693,017		3,019,911
Torex Gold Resources, Inc.(a)(b)		453,445		7,545,674
Victoria Gold Corp.(a)		527,826		3,499,313
Wesdome Gold Mines, Ltd.(a)(b)		623,986		3,573,549
West African Resources, Ltd.(a)		5,076,888		3,257,896
Westgold Resources, Ltd.(a)		601,452		526,673
Total Gold Mining				105,262,019

Security Description	Shares		Value
Silver Mining (3.68%)
Endeavour Silver Corp.(a)(b)		1,075,934	$	4,155,661
TOTAL COMMON STOCKS
(Cost $105,991,281)				112,915,233
RIGHTS (0.00%)
Kinross Gold Corp. - CVR (Expiring 12/31/2049), Strike Price CAD $0.01(c)		233,341		–
TOTAL RIGHTS
(Cost $–)				–

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (9.48%)
Money Market Fund (0.01%)
State Street Institutional Treasury Plus Money Market Fund
(Cost $10,772)	4.67	%		10,772		10,772
Investments Purchased with Collateral from Securities Loaned (9.47%)
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%
(Cost $10,677,895)				10,677,895		10,677,895
TOTAL SHORT TERM INVESTMENTS
(Cost $10,688,667)						10,688,667
TOTAL INVESTMENTS (109.58%)
(Cost $116,679,948)					$	123,603,900
LIABILITIES IN EXCESS OF OTHER ASSETS (-9.58%)						(10,806,636	)
NET ASSETS - 100.00%					$	112,797,264

(a)	Non-income producing security.
(b)	As of March 31, 2023, the security, or a portion of the security position was on loan. As of March 31, 2023, the total market value of securities on loan was $18,304,313. The loaned securities were secured with cash collateral of $10,677,895 and non-cash collateral with the value of $8,702,987. 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)	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 Uranium Miners ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
CLOSED END FUND (13.56%)
Sprott Physical Uranium Trust(a)(e)		9,826,321	$	114,876,709
TOTAL CLOSED END FUND
(Cost $118,368,051)				114,876,709

Security Description	Shares	Value
COMMON STOCKS (85.99%)
Coal & Consumable Fuels (77.78%)
Alligator Energy, Ltd.(a)	169,440,923	4,077,455
Appia Rare Earths & Uranium Corp.(a)	13,008,823	2,598,877
Aura Energy, Ltd.(a)(b)	26,011,636	4,259,927
Bannerman Energy, Ltd.(a)(b)	7,637,199	7,402,365
Baselode Energy Corp.(a)	7,339,555	2,932,564
Berkeley Energia, Ltd.(a)	22,227,926	6,169,549
Boss Energy, Ltd.(a)	18,325,045	28,908,493
Cameco Corp.(b)	4,835,683	126,549,824
CanAlaska Uranium, Ltd.(a)	9,069,728	2,717,899
CGN Mining Co., Ltd.	333,270,300	35,237,946
Deep Yellow, Ltd.(a)	37,797,565	14,401,479
Denison Mines Corp.(a)	36,687,785	39,989,686
Elevate Uranium, Ltd.(a)(b)	14,266,823	3,433,193
Encore Energy Corp.(a)(b)	6,054,265	13,170,210
Energy Fuels, Inc.(a)(b)	6,984,877	38,975,614
F3 Uranium Corp.(a)	18,456,000	4,984,417
Fission Uranium Corp.(a)(b)	38,193,022	19,216,615
Forsys Metals Corp.(a)(b)	10,574,134	4,224,959
GoviEx Uranium, Inc.(a)(b)	34,839,293	5,542,322
IsoEnergy, Ltd.(a)(b)	5,896,060	13,436,822
Laramide Resources, Ltd.(a)(b)	11,573,629	3,853,595
Mega Uranium, Ltd.(a)(b)	19,991,949	2,884,521
NAC Kazatomprom JSC, GDR(c)	4,466,697	131,767,561
NexGen Energy, Ltd.(a)(b)	10,213,109	39,116,207
Paladin Energy, Ltd.(a)	82,994,086	36,060,265
Peninsula Energy, Ltd.(a)(b)	53,133,789	5,150,000
Skyharbour Resources, Ltd.(a)(b)	8,548,642	2,371,987
Toro Energy, Ltd.(a)(b)	249,276,368	1,832,914
Uranium Energy Corp.(a)	11,485,865	33,079,291
Uranium Royalty Corp.(a)(b)	4,101,070	8,496,482
Ur-Energy, Inc.(a)	13,303,349	14,101,550
Western Uranium & Vanadium Corp.(a)(b)	2,677,512	2,218,878
Total Coal & Consumable Fuels		659,163,467
Diversified Metals & Mining (4.18%)
Consolidated Uranium, Inc.(a)(b)	5,368,971	5,442,464
Global Atomic Corp.(a)(b)	10,019,950	21,574,587
Lotus Resources, Ltd.(a)	62,553,885	8,362,819
Total Diversified Metals & Mining		35,379,870

Security Description	Shares		Value
Trading Companies & Distributors (4.03%)
Yellow Cake PLC(a)(c)(d)		7,504,892	$	34,180,476
TOTAL COMMON STOCKS
(Cost $905,858,398)				728,723,813

	7 Day Yield		Shares		Value
SHORT TERM INVESTMENTS (4.04%)
Money Market Fund (0.02%)
State Street Institutional Treasury Plus Money Market Fund
(Cost $205,955)	4.67	%		205,955		205,955
Investments Purchased with Collateral from Securities Loaned (4.02%)
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%
(Cost $34,093,792)				34,093,792		34,093,792
TOTAL SHORT TERM INVESTMENTS
(Cost $34,299,747)						34,299,747
TOTAL INVESTMENTS (103.59%)
(Cost $1,058,526,196)					$	877,900,269
LIABILITIES IN EXCESS OF OTHER ASSETS (-3.59%)						(30,424,081	)
NET ASSETS - 100.00%					$	847,476,188

(a)	Non-income producing security.
(b)	As of March 31, 2023, the security, or a portion of the security position is currently on loan. As of March 31, 2023, the total market value of securities on loan was $37,581,865. The loaned securities were secured with cash collateral of $34,093,792 and non-cash collateral with the value of $4,867,873. 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)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2023, the aggregate market value of those securities was $165,948,037 representing 19.58% of net assets.
(d)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2023, the aggregate market value of those securities was $34,180,476, representing 4.03% of net assets.
(e)	See Notes to Quarterly Schedule of Investments (Affiliated Companies).

See Notes to Quarterly Schedule of Investments.

Sprott Energy Transition Materials ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.83%)
Coal & Consumable Fuels (21.96%)
Alligator Energy, Ltd.(a)		219,045	$	5,271
Bannerman Energy, Ltd.(a)		9,420		9,130
Boss Energy, Ltd.(a)		20,808		32,825
Cameco Corp.		15,037		393,517
CGN Mining Co., Ltd.		375,000		39,650
Deep Yellow, Ltd.(a)		45,121		17,192
Denison Mines Corp.(a)		51,558		56,198
Encore Energy Corp.(a)		7,165		15,586
Energy Fuels, Inc.(a)		9,830		54,851
Fission Uranium Corp.(a)		39,022		19,634
NAC Kazatomprom JSC, GDR(b)		13,048		384,915
NexGen Energy, Ltd.(a)		57,247		219,256
Paladin Energy, Ltd.(a)		328,009		142,517
Peninsula Energy, Ltd.(a)		132,442		12,837
Uranium Energy Corp.(a)		45,982		132,428
Uranium Royalty Corp.(a)		5,535		11,402
Ur-Energy, Inc.(a)		14,053		14,896
Total Coal & Consumable Fuels				1,562,105
Copper Mining (23.46%)
Aeris Resources, Ltd.(a)		14,401		6,450
Antofagasta PLC		10,814		210,907
Atalaya Mining PLC(a)		1,835		7,719
Capstone Copper Corp.(a)		17,651		79,668
Central Asia Metals PLC		2,788		8,134
Copper Mountain Mining Corp.(a)		5,320		8,621
ERO Copper Corp.(a)		1,968		34,817
First Quantum Minerals, Ltd.		14,873		341,919
Freeport-McMoRan, Inc.		9,215		376,986
Jinchuan Group International Resources Co., Ltd.		82,000		6,581
KGHM Polska Miedz SA		3,239		91,734
Lundin Mining Corp.		17,210		116,898
OZ Minerals, Ltd.		7,585		142,523
Sandfire Resources, Ltd.		6,058		25,633
Sociedad Minera Cerro Verde SAA		533		15,990
SolGold PLC(a)		21,402		5,069
Southern Copper Corp.		2,296		175,070
Taseko Mines, Ltd.(a)		8,723		14,480
Total Copper Mining				1,669,199
Diversified Metals & Mining (36.44%)
29Metals, Ltd.		2,296		1,819
Allkem, Ltd.(a)		23,350		185,426
American Lithium Corp.(a)		4,223		9,780
Anson Resources, Ltd.(a)		21,484		2,585
Arafura Rare Earths, Ltd.(a)		137,587		45,525
Argosy Minerals, Ltd.(a)		28,506		8,384
Arizona Lithium, Ltd.(a)		48,934		1,701
Atlantic Lithium, Ltd.(a)		8,108		3,041

Security Description	Shares		Value
Diversified Metals & Mining (continued)
Australian Strategic Materials, Ltd.(a)		10,691	$	9,219
Boliden AB		4,920		193,311
Centaurus Metals, Ltd.(a)		16,144		10,144
Cobalt Blue Holdings, Ltd.(a)		14,545		3,549
Core Lithium, Ltd.(a)		37,300		21,443
Critical Elements Lithium Corp.(a)		4,305		8,123
Electra Battery Materials Corp.(a)		1,302		2,734
Eramet SA		656		68,440
Essential Metals, Ltd.(a)		5,248		1,719
Filo Mining Corp.(a)		1,353		23,266
Foran Mining Corp.(a)		2,737		7,999
Frontier Lithium, Inc.(a)		3,967		6,017
Galan Lithium, Ltd.(a)		5,494		4,003
Galileo Mining, Ltd.(a)		6,755		3,319
Global Atomic Corp.(a)		11,137		23,980
Global Lithium Resources, Ltd.(a)		3,034		2,860
Hastings Technology Metals, Ltd.(a)		8,917		15,199
Horizonte Minerals PLC(a)		6,755		11,333
Hudbay Minerals, Inc.		3,516		18,459
IGO, Ltd.		35,537		303,347
ioneer, Ltd.(a)		34,922		6,770
Ivanhoe Electric, Inc. / US(a)		861		10,461
Ivanhoe Mines, Ltd.(a)		7,944		71,769
Jervois Global, Ltd.(a)		126,158		5,566
Lake Resources NL(a)		28,249		8,403
Latin Resources, Ltd.(a)		36,829		2,954
Leo Lithium, Ltd.(a)		16,421		5,708
Liontown Resources, Ltd.(a)		37,895		65,354
Lithium Americas Corp.(a)		2,439		53,073
Lithium Power International, Ltd.(a)		6,990		1,635
Lotus Resources, Ltd.(a)		76,568		10,236
Lynas Rare Earths, Ltd.(a)		63,341		268,437
Mincor Resources NL(a)		40,088		37,649
MMG, Ltd.(a)		61,270		17,952
MP Materials Corp.(a)		11,019		310,626
Neometals, Ltd.(a)		20,475		8,212
Nickel Asia Corp.		335,200		41,619
Nickel Industries, Ltd.		183,528		110,411
Northern Dynasty Minerals, Ltd.(a)		8,671		2,071
Panoramic Resources, Ltd.(a)		161,490		16,192
Piedmont Lithium, Inc.(a)		328		19,696
Pilbara Minerals, Ltd.		105,771		278,568
Renascor Resources, Ltd.(a)		86,357		13,565
Sigma Lithium Corp.(a)		1,148		43,188
Solaris Resources, Inc.(a)		1,066		5,166
South Manganese Investment, Ltd.(a)		31,000		1,955
Standard Lithium, Ltd.(a)		3,116		11,841
Syrah Resources, Ltd.(a)		39,104		47,965
Talga Group, Ltd.(a)		13,171		14,483
Vale Indonesia Tbk PT(a)		217,300		96,372

Security Description	Shares		Value
Diversified Metals & Mining (continued)
Vulcan Energy Resources, Ltd.(a)		1,886	$	7,136
Total Diversified Metals & Mining				2,591,758
Environmental & Facilities Services (0.86%)
Li-Cycle Holdings Corp.(a)		10,926		61,514
Fertilizers & Agricultural Chemicals (4.06%)
Sociedad Quimica y Minera de Chile SA, ADR	��	3,567		289,142
Gold Mining (0.80%)
China Gold International Resources Corp., Ltd.(a)		4,100		14,990
Cia de Minas Buenaventura SAA, ADR		4,418		36,139
Ionic Rare Earths, Ltd.(a)		328,116		5,922
Total Gold Mining				57,051
Precious Metals & Minerals Mining (0.58%)
SilverCrest Metals, Inc.(a)		5,771		41,205
Silver Mining (3.70%)
Aya Gold & Silver, Inc.(a)		7,534		60,651
First Majestic Silver Corp.		12,741		91,863
Gatos Silver, Inc.(a)		2,132		13,922
GoGold Resources, Inc.(a)		11,060		17,104
MAG Silver Corp.(a)		3,895		49,350
Silvercorp Metals, Inc.		7,954		30,384
Total Silver Mining				263,274
Specialty Chemicals (7.97%)
Albemarle Corp.		1,312		290,004
Ganfeng Lithium Group Co., Ltd.(b)(c)		15,800		98,223
Livent Corp.(a)		6,263		136,032
Tianqi Lithium Corp.(a)		6,400		43,088
Total Specialty Chemicals				567,347
TOTAL COMMON STOCKS
(Cost $7,368,842)				7,102,595

Security Description	Shares		Value
EXCHANGE TRADED FUNDS (0.24%)
iShares MSCI India ETF(a)		433	$	17,043
TOTAL EXCHANGE TRADED FUNDS
(Cost $17,074)				17,043
TOTAL INVESTMENTS (100.07%)
(Cost $7,385,916)			$	7,119,638
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.07%)				(5,048	)
NET ASSETS - 100.00%			$	7,114,590

(a)	Non-income producing security.
(b)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2023, the aggregate market value of those securities was $483,138 representing 6.79% of net assets.
(c)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2023, the aggregate market value of those securities was $98,223, representing 1.38% of net assets.

See Notes to Quarterly Schedule of Investments.

Sprott Lithium Miners ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (94.41%)
Diversified Metals & Mining (64.50%)
Allkem, Ltd.(a)		57,240	$	454,554
American Lithium Corp.(a)		30,445		70,509
Anson Resources, Ltd.(a)		114,205		13,741
Arena Minerals, Inc.(a)		45,005		20,979
Argosy Minerals, Ltd.(a)		205,360		60,400
Arizona Lithium, Ltd.(a)		364,825		12,681
Atlantic Lithium, Ltd.(a)		34,435		12,914
Cleantech Lithium PLC(a)		34,760		22,083
Core Lithium, Ltd.(a)		268,825		154,538
Critical Elements Lithium Corp.(a)		31,015		58,519
E3 Lithium, Ltd.(a)		9,775		19,601
Essential Metals, Ltd.(a)		63,290		20,730
European Lithium, Ltd.(a)		305,435		13,883
Frontier Lithium, Inc.(a)		28,510		43,245
Galan Lithium, Ltd.(a)		17,985		13,104
Global Lithium Resources, Ltd.(a)		11,415		10,759
Green Technology Metals, Ltd.(a)		26,935		13,413
IGO, Ltd.		27,005		230,517
Infinity Lithium Corp., Ltd.(a)		141,980		14,710
ioneer, Ltd.(a)		251,610		48,775
Kodal Minerals PLC(a)		5,460,770		26,474
Lake Resources NL(a)		203,440		60,515
Latin Resources, Ltd.(a)		210,140		16,856
Leo Lithium, Ltd.(a)		118,310		41,124
Lepidico, Ltd.(a)		1,641,710		12,071
Li-FT Power, Ltd.(a)		1,710		10,122
Liontown Resources, Ltd.(a)		214,940		370,685
Lithium Americas Corp.(a)		11,145		242,515
Lithium Ionic Corp.(a)		14,025		24,075
Lithium Power International, Ltd.(a)		50,515		11,818
Morella Corp., Ltd.(a)		1,545,130		9,296
Patriot Battery Metals, Inc.(a)		13,420		128,788
Piedmont Lithium, Inc.(a)		2,475		148,624
Pilbara Minerals, Ltd.		167,205		440,366
Rock Tech Lithium, Inc.(a)		8,395		16,958
Sigma Lithium Corp.(a)		6,315		237,570
Standard Lithium, Ltd.(a)		22,405		85,139
Tearlach Resources, Ltd.(a)		11,925		2,162
Vulcan Energy Resources, Ltd.(a)		13,630		51,568
Winsome Resources, Ltd.(a)		23,875		28,248
Total Diversified Metals & Mining				3,274,629
Fertilizers & Agricultural Chemicals (8.36%)
Sociedad Quimica y Minera de Chile SA, ADR		5,235		424,349

Security Description	Shares		Value
Specialty Chemicals (21.55%)
Albemarle Corp.		1,865		412,240
Ganfeng Lithium Group Co., Ltd.(b)(c)		30,400		188,986
Livent Corp.(a)		17,310		375,973
Tianqi Lithium Corp.(a)		17,400		117,147
Total Specialty Chemicals				1,094,346
TOTAL COMMON STOCKS
(Cost $4,957,855)				4,793,324
EXCHANGE TRADED FUNDS (4.01%)
Global X Lithium & Battery Tech ETF(a)		3,200	$	203,360
TOTAL EXCHANGE TRADED FUNDS
(Cost $203,384)				203,360

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.10%)
Money Market Fund
State Street Institutional Treasury Plus Money Market Fund	4.67	%		5,257		5,257
TOTAL SHORT TERM INVESTMENTS
(Cost $5,257)						5,257
TOTAL INVESTMENTS (98.52%)
(Cost $5,166,496)					$	5,001,941
OTHER ASSETS IN EXCESS OF LIABILITIES (1.48%)						75,292
NET ASSETS - 100.00%					$	5,077,233

(a)	Non-income producing security.
(b)	Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2023, the aggregate market value of those securities was $188,986, representing 3.72% of net assets.
(c)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of March 31, 2023, the aggregate market value of those securities was $188,986 representing 3.72% of net assets.

See Notes to Quarterly Schedule of Investments.

Sprott Junior Uranium Miners ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (98.94%)
Coal & Consumable Fuels (91.27%)
Alligator Energy, Ltd.(a)		8,375,308	$	201,545
Anfield Energy, Inc.(a)		1,344,508		59,690
Aura Energy, Ltd.(a)		973,470		159,425
Bannerman Energy, Ltd.(a)		360,357		349,277
Baselode Energy Corp.(a)		193,090		77,150
Berkeley Energia, Ltd.(a)		949,448		231,650
Boss Energy, Ltd.(a)		524,799		827,891
CanAlaska Uranium, Ltd.(a)		299,216		89,665
CGN Mining Co., Ltd.		6,105,000		645,505
Deep Yellow, Ltd.(a)		1,724,967		657,240
Denison Mines Corp.(a)		737,244		803,596
Elevate Uranium, Ltd.(a)		698,494		168,087
Encore Energy Corp.(a)		273,572		595,118
Energy Fuels, Inc.(a)		318,044		1,774,686
Fission Uranium Corp.(a)		1,376,423		692,540
Forsys Metals Corp.(a)		316,704		126,541
GoviEx Uranium, Inc.(a)		1,326,869		211,082
IsoEnergy, Ltd.(a)		135,489		308,773
Laramide Resources, Ltd.(a)		486,135		161,865
Mega Uranium, Ltd.(a)		910,054		131,306
NexGen Energy, Ltd.(a)		524,918		2,010,435
Paladin Energy, Ltd.(a)		4,702,641		2,043,259
Peninsula Energy, Ltd.(a)		2,532,071		245,421
Skyharbour Resources, Ltd.(a)		368,452		102,234
Toro Energy, Ltd.(a)		7,213,521		53,041
Uranium Energy Corp.(a)		641,228		1,846,737
Uranium Royalty Corp.(a)		212,005		436,730
Ur-Energy, Inc.(a)		537,461		569,709
Western Uranium & Vanadium Corp.(a)		89,529		74,193
Total Coal & Consumable Fuels				15,654,391
Diversified Metals & Mining (7.67%)
Consolidated Uranium, Inc.(a)		162,595		164,821
Global Atomic Corp.(a)		353,213		760,525
Lotus Resources, Ltd.(a)		2,927,452		391,371
Total Diversified Metals & Mining				1,316,717
TOTAL COMMON STOCKS
(Cost $19,467,670)				16,971,108

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.03%)
Money Market Fund
State Street Institutional Treasury Plus Money Market Fund	4.67	%		4,903		4,903
TOTAL SHORT TERM INVESTMENTS
(Cost $4,903)						4,903
TOTAL INVESTMENTS (98.97%)
(Cost $19,472,573)					$	16,976,011
OTHER ASSETS IN EXCESS OF LIABILITIES (1.03%)						176,031
NET ASSETS - 100.00%					$	17,152,042

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

Sprott Junior Copper Miners ETF 

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (96.89%)
Copper Mining (46.47%)
Aeris Resources, Ltd.(a)		136,510	$	61,138
Arizona Sonoran Copper Co., Inc.(a)		12,270		16,796
Atalaya Mining PLC(a)		11,050		46,482
Austral Resources Australia, Ltd.(a)		77,060		13,908
Capstone Copper Corp.(a)		23,130		104,397
Central Asia Metals PLC		27,320		79,705
Copper Mountain Mining Corp.(a)		41,560		67,345
Cyprium Metals, Ltd.(a)		140,520		10,332
ERO Copper Corp.(a)		8,860		156,745
Hot Chili, Ltd.(a)		21,950		15,626
Jinchuan Group International Resources Co., Ltd.		550,000		44,141
Sandfire Resources, Ltd.		23,950		101,339
Sociedad Punta del Cobre SA		700		4,146
SolGold PLC(a)		336,260		79,643
Taseko Mines, Ltd.(a)		56,580		93,923
Total Copper				895,666
Diversified Metals & Mining (44.92%)
29Metals, Ltd.		27,580		21,846
AIC Mines, Ltd.(a)		50,050		14,721
Amerigo Resources, Ltd.		20,010		24,133
Arc Minerals, Ltd.(a)		211,610		10,572
Copperstone Resources AB(a)		272,810		36,746
Encounter Resources, Ltd.(a)		64,860		5,203
Entree Resources, Ltd.(a)		32,850		31,355
Filo Mining Corp.(a)		5,790		99,563
Foran Mining Corp.(a)		32,940		96,273
Hudbay Minerals, Inc.		14,190		74,498
Ivanhoe Electric, Inc. / US(a)		7,620		92,583
Los Andes Copper, Ltd.(a)		2,530		21,622
MMG, Ltd.(a)		320,000		93,759
New World Resources, Ltd.(a)		318,880		10,658
NGEx Minerals, Ltd.(a)		13,940		42,496
Northern Dynasty Minerals, Ltd.(a)		104,660		24,993
PolyMet Mining Corp.(a)		5,810		12,492
Rex Minerals, Ltd.(a)		107,740		20,165
Solaris Resources, Inc.(a)		12,760		61,841
Trilogy Metals, Inc.(a)		23,980		12,781
Wanguo International Mining Group, Ltd.		40,000		9,936
Western Copper & Gold Corp.(a)		26,060		47,690
Total Diversified Metals & Mining				865,926

Security Description	Shares		Value
Gold Mining (5.50%)
China Gold International Resources Corp., Ltd.(a)		29,000		106,027
TOTAL COMMON STOCKS
(Cost $1,969,596)				1,867,619
EXCHANGE TRADED FUNDS (3.13%)
iShares MSCI India ETF(a)		1,530	$	60,221
TOTAL EXCHANGE TRADED FUNDS
(Cost $61,319)				60,221

	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.10%)
Money Market Fund
State Street Institutional Treasury Plus Money Market Fund		4.67	%		1,980		1,980
TOTAL SHORT TERM INVESTMENTS
(Cost $1,980)							1,980
TOTAL INVESTMENTS (100.12%)
(Cost $2,032,895)						$	1,929,820
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.12%)							(2,220	)
NET ASSETS - 100.00%						$	1,927,600

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

Sprott Nickel Miners ETF

Schedule of Investments

As of March 31, 2023 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (98.90%)
Diversified Metals & Mining (98.90%)
Ardea Resources, Ltd.(a)		64,204	$	21,673
Aston Minerals, Ltd.(a)		375,417		31,368
Azure Minerals, Ltd.(a)		73,059		16,604
Canada Nickel Co., Inc.(a)		46,200		53,327
Centaurus Metals, Ltd.(a)		101,528		63,794
FPX Nickel Corp.(a)		63,000		21,210
Galileo Mining, Ltd.(a)		52,815		25,949
Global Ferronickel Holdings, Inc.		1,260,000		57,710
Horizonte Minerals PLC(a)		49,969		83,832
IGO, Ltd.		22,917		195,623
Legend Mining, Ltd.(a)		543,732		18,536
Mincor Resources NL(a)		72,429		68,023
Nickel 28 Capital Corp.(a)		35,000		30,041
Nickel Asia Corp.		750,500		93,183
Nickel Industries, Ltd.		324,740		195,365
Panoramic Resources, Ltd.(a)		455,343		45,656
Poseidon Nickel, Ltd.(a)		1,108,576		27,418
Premium Nickel Resources, Ltd.(a)		44,800		50,054
Sherritt International Corp.(a)		164,500		68,161
Sunrise Energy Metals, Ltd.(a)		25,550		32,279
Talon Metals Corp.(a)		238,000		63,396
Vale Indonesia Tbk PT(a)		394,800		175,092
Widgie Nickel, Ltd.(a)		97,013		20,103
Xinjiang Xinxin Mining Industry Co., Ltd.		315,000		55,377
Total Diversified Metals & Mining				1,513,774
TOTAL COMMON STOCKS
(Cost $1,433,134)				1,513,774
TOTAL INVESTMENTS (98.90%)
(Cost $1,433,134)			$	1,513,774
OTHER ASSETS IN EXCESS OF LIABILITIES (1.10%)				16,838
NET ASSETS - 100.00%			$	1,530,612

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

Sprott Funds Trust

Notes to Quarterly Schedules of Investments

March 31, 2023 (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 in markets 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, 2023:

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*	$	274,859,292	$	–	$	–	$	274,859,292
Short Term Investments		16,983,280		–		–		16,983,280
Total	$	291,842,572	$	–	$	–	$	291,842,572

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*	$	112,028,152	$	887,081	$	–	$	112,915,233
Rights*		–		–		–		–
Short Term Investments		10,688,667		–		–		10,688,667
Total	$	122,716,819	$	887,081	$	–	$	123,603,900

Sprott Uranium 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*	$	724,463,886	$	4,259,927	$	–	$	728,723,813
Closed End Fund*		114,876,709		–		–		114,876,709
Short Term Investments		34,299,747		–		–		34,299,747
Total	$	873,640,342	$	4,259,927	$	–	$	877,900,269

Sprott Energy Transition Materials 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*	$	7,100,640	$	1,955	$	–	$	7,102,595
Exchange Traded Funds*		17,043		–		–		17,043
Total	$	7,117,683	$	1,955	$	–	$	7,119,638

Sprott Lithium 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*	$	4,793,324	$	–	$	–	$	4,793,324
Exchange Traded Funds*		203,360		–		–		203,360
Short Term Investments		5,257		–		–		5,257
Total	$	5,001,941	$	–	$	–	$	5,001,941

Sprott Junior Uranium 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*	$	16,811,683	$	159,425	$	–	$	16,971,108
Short Term Investments		4,903		–		–		4,903
Total	$	16,816,586	$	159,425	$	–	$	16,976,011

Sprott Junior Copper 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*	$	1,857,287	$	10,332	$	–	$	1,857,619
Exchange Traded Funds*		60,221		–		–		60,221
Short Term Investments		1,980		–		–		1,980
Total	$	1,919,488	$	10,332	$	–	$	1,929,820

Sprott Nickel 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*	$	1,482,406	$	31,368	$	–	$	1,513,774
Total	$	1,482,406	$	31,368	$	–	$	1,513,774

* 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:

	Sprott Junior Gold Miners ETF
Balance as of December 31, 2022	$	-
Purchases		-
Sales Proceeds		-
Realized Gain/(Loss)		-
Change in Unrealized Appreciation/(Depreciation)		-
Transfer into Level 3		-
Transfer out of Level 3		-
Balance as of March 31, 2023	$	-
Net change in unrealized appreciation/(depreciation) attributable to Level 3 investments held at March 31, 2023	$	-

There were no transfers out of or into level 3 during the period ended March 31, 2023.

Affiliated Companies

As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund.

For the three months ended March 31, 2023, the Sprott Uranium Miners ETF held shares in the following affiliate, as defined by the Investment Company Act of 1940:

Security Name	Market Value as of January 1, 2023		Purchases		Purchases In-Kind		Sales			Sales In-Kind			Change in Unrealized Gain/ (Loss)		Realized Gain/(Loss)			Market Value as of March 31, 2023		Share Balance as of March 31, 2023
Sprott Physical Uranium Trust(a)	$	115,816,653	$	-	$	7,810,038	$	(5,985,420	)	$	(2,284,769	)	$	1,023,207	$	(1,503,000	)	$	114,876,709		9,826,321
TOTAL	$	115,816,653	$	-	$	7,810,038	$	(5,985,420	)	$	(2,284,769	)	$	1,023,207	$	(1,503,000	)	$	114,876,709		9,826,321

(a) The fund was reorganized on April 22, 2022 and the security became an affiliate.