Sprott Gold Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (99.79%) |
| Gold Mining (95.77%) | | | | | | | | |
| Agnico Eagle Mines, Ltd. | | | 330,144 | | | $ | 26,595,577 | |
| Alamos Gold, Inc., Class A(a) | | | 541,656 | | | | 10,793,470 | |
| Anglogold Ashanti PLC | | | 63,059 | | | | 1,679,261 | |
| B2Gold Corp.(a) | | | 466,504 | | | | 1,441,818 | |
| Barrick Gold Corp.(a) | | | 1,203,200 | | | | 23,931,443 | |
| Centerra Gold, Inc. | | | 1,402,464 | | | | 10,069,079 | |
| Coeur Mining, Inc.(b) | | | 204,362 | | | | 1,406,011 | |
| Dundee Precious Metals, Inc. | | | 1,040,739 | | | | 10,542,441 | |
| Eldorado Gold Corp.(b) | | | 69,562 | | | | 1,209,215 | |
| Endeavour Mining PLC(a) | | | 60,250 | | | | 1,431,798 | |
| Equinox Gold Corp.(b) | | | 230,072 | | | | 1,403,449 | |
| Franco-Nevada Corp.(a) | | | 145,908 | | | | 18,122,390 | |
| Gold Fields, Ltd., Sponsored ADR(a) | | | 203,586 | | | | 3,125,045 | |
| Harmony Gold Mining Co., Ltd., Sponsored ADR(a) | | | 119,002 | | | | 1,210,250 | |
| IAMGOLD Corp.(b) | | | 245,348 | | | | 1,286,197 | |
| K92 Mining, Inc.(b) | | | 154,018 | | | | 896,241 | |
| Kinross Gold Corp. | | | 135,155 | | | | 1,266,157 | |
| Lundin Gold, Inc. | | | 548,139 | | | | 11,854,831 | |
| New Gold, Inc.(b) | | | 501,885 | | | | 1,454,685 | |
| Newmont Corp. | | | 708,702 | | | | 37,880,122 | |
| Novagold Resources, Inc.(a)(b) | | | 267,991 | | | | 1,103,708 | |
| OceanaGold Corp. | | | 484,258 | | | | 1,371,369 | |
| Orla Mining, Ltd.(a)(b) | | | 2,393,971 | | | | 9,629,341 | |
| Osisko Gold Royalties, Ltd.(a) | | | 70,698 | | | | 1,309,464 | |
| Osisko Mining, Inc.(b) | | | 2,727,966 | | | | 9,823,058 | |
| Royal Gold, Inc. | | | 75,146 | | | | 10,542,984 | |
| Sandstorm Gold, Ltd.(a) | | | 225,955 | | | | 1,356,615 | |
| Seabridge Gold, Inc.(a)(b) | | | 57,086 | | | | 959,840 | |
| SSR Mining, Inc.(a) | | | 1,869,335 | | | | 10,615,175 | |
| Torex Gold Resources, Inc.(b) | | | 569,698 | | | | 10,872,051 | |
| Triple Flag Precious Metals Corp. | | | 631,721 | | | | 10,229,354 | |
| Wesdome Gold Mines, Ltd.(b) | | | 979,877 | | | | 9,194,158 | |
| Wheaton Precious Metals Corp. | | | 331,099 | | | | 20,221,655 | |
| Total Gold Mining | | | | | | | 264,828,252 | |
| | | | | | | | | |
| Silver Mining (4.02%) | | | | | | | | |
| Fortuna Mining Corp.(b) | | | 2,122,013 | | | | 9,869,098 | |
| Pan American Silver Corp. | | | 59,875 | | | | 1,250,228 | |
| Total Silver Mining | | | | | | | 11,119,326 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $230,103,510) | | | | | | | 275,947,578 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (2.98%) |
| Investments Purchased with Collateral from Securities Loaned (–%) | | | | | | |
| Money Market Fund (0.19%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $535,660) | | | 4.95 | % | | | 535,660 | | | | 535,660 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (2.79%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $7,713,779) | | | | | | | 7,713,779 | | | | 7,713,779 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $8,249,439) | | | | | | | | | | | 8,249,439 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (102.77%) |
| (Cost $238,352,949) | | | | | | | | | | $ | 284,197,017 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-2.77%) | | | | | | | | | | | (7,659,018 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 276,537,999 | |
| (a) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $7,340,404. The loaned securities were secured with cash collateral of $7,713,779 and non-cash collateral with the value of $169,505. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (100.03%) |
| Diversified Metals & Mining (5.84%) | | | | | | | | |
| Bumi Resources Minerals Tbk PT(a) | | | 490,090,400 | | | $ | 7,445,231 | |
| | | | | | | | | |
| Gold Mining (90.20%) | | | | | | | | |
| Artemis Gold, Inc.(a) | | | 650,010 | | | | 6,233,598 | |
| Bellevue Gold, Ltd.(a)(b) | | | 3,816,175 | | | | 3,482,561 | |
| Calibre Mining Corp.(a) | | | 3,268,335 | | | | 6,307,334 | |
| Capricorn Metals, Ltd.(a) | | | 204,284 | | | | 812,080 | |
| Centamin PLC | | | 3,455,518 | | | | 6,791,197 | |
| Centerra Gold, Inc. | | | 696,243 | | | | 4,998,721 | |
| De Grey Mining, Ltd.(a) | | | 6,390,529 | | | | 6,141,129 | |
| Dundee Precious Metals, Inc. | | | 81,245 | | | | 822,993 | |
| Emerald Resources NL(a) | | | 2,002,758 | | | | 5,344,565 | |
| Firefinch, Ltd.(a)(b)(c)(c) | | | 6,635,363 | | | | 458,734 | |
| Florida Canyon Gold, Inc.(a)(b) | | | 201,792 | | | | 85,047 | |
| Genesis Minerals, Ltd.(a)(b) | | | 520,701 | | | | 741,570 | |
| Gold Road Resources, Ltd. | | | 4,899,073 | | | | 5,791,707 | |
| Greatland Gold PLC(a)(b) | | | 7,971,860 | | | | 735,402 | |
| Hochschild Mining PLC(a) | | | 323,399 | | | | 793,829 | |
| K92 Mining, Inc.(a) | | | 800,346 | | | | 4,657,269 | |
| McEwen Mining, Inc.(a) | | | 499,798 | | | | 4,648,121 | |
| New Gold, Inc.(a) | | | 2,389,635 | | | | 6,926,222 | |
| Novagold Resources, Inc.(a) | | | 199,172 | | | | 816,605 | |
| OceanaGold Corp. | | | 277,478 | | | | 785,789 | |
| Orla Mining, Ltd.(a)(b) | | | 1,078,040 | | | | 4,336,232 | |
| Osisko Mining, Inc.(a) | | | 2,337,649 | | | | 8,417,576 | |
| Pan African Resources PLC | | | 1,987,571 | | | | 842,360 | |
| Ramelius Resources, Ltd. | | | 480,719 | | | | 731,157 | |
| Regis Resources, Ltd.(a) | | | 478,562 | | | | 674,940 | |
| Resolute Mining, Ltd.(a) | | | 2,013,075 | | | | 1,029,884 | |
| Seabridge Gold, Inc.(a)(b) | | | 368,850 | | | | 6,192,992 | |
| Skeena Resources, Ltd.(a) | | | 125,947 | | | | 1,070,007 | |
| SSR Mining, Inc. | | | 982,916 | | | | 5,581,570 | |
| Torex Gold Resources, Inc.(a) | | | 42,222 | | | | 805,760 | |
| Vault Minerals, Ltd.(a) | | | 18,305,904 | | | | 4,113,118 | |
| Victoria Gold Corp./Vancouver(a)(b)(c)(c) | | | 968,690 | | | | 7 | |
| Wesdome Gold Mines, Ltd.(a)(b) | | | 637,511 | | | | 5,981,748 | |
| West African Resources, Ltd.(a) | | | 655,248 | | | | 785,962 | |
| Westgold Resources, Ltd. | | | 3,773,007 | | | | 6,964,588 | |
| Total Gold Mining | | | | | | | 114,902,374 | |
| | | | | | | | | |
| Silver Mining (3.99%) | | | | | | | | |
| Endeavour Silver Corp.(a)(b) | | | 186,173 | | | | 735,083 | |
| Fortuna Mining Corp.(a) | | | 934,198 | | | | 4,344,786 | |
| Total Silver Mining | | | | | | | 5,079,869 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $108,577,912) | | | | | | | 127,427,474 | |
| | | | | | | | | |
| RIGHTS (0.00%) |
| Basic Materials (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 (2.39%) |
| Money Market Fund (0.12%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $153,462) | | | 4.95 | % | | | 153,462 | | | | 153,462 | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (2.27%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $2,887,646) | | | | | | | 2,887,646 | | | | 2,887,646 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $3,041,108) | | | | | | | | | | | 3,041,108 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (102.42%) |
| (Cost $111,619,020) | | | | | | | | | | $ | 130,468,582 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-2.42%) | | | | | | | | | | | (3,086,318 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 127,382,264 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $5,318,829. The loaned securities were secured with cash collateral of $2,887,646 and non-cash collateral with the value of $2,802,447. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 securities under the fair value hierarchy. |
See Notes to Quarterly Schedule of Investments.
Sprott Energy Transition Materials ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (98.58%) |
| Coal & Consumable Fuels (21.90%) | | | | | | | | |
| Alligator Energy, Ltd.(a) | | | 776,148 | | | $ | 26,829 | |
| Bannerman Energy, Ltd.(a) | | | 27,884 | | | | 60,532 | |
| Boss Energy, Ltd.(a) | | | 77,125 | | | | 175,423 | |
| Cameco Corp. | | | 27,165 | | | | 1,297,400 | |
| CGN Mining Co., Ltd. | | | 964,550 | | | | 203,485 | |
| Deep Yellow, Ltd.(a) | | | 180,839 | | | | 171,906 | |
| Denison Mines Corp.(a) | | | 339,967 | | | | 622,140 | |
| Encore Energy Corp.(a) | | | 36,986 | | | | 151,778 | |
| Energy Fuels, Inc.(a) | | | 61,748 | | | | 338,997 | |
| Fission Uranium Corp.(a) | | | 94,136 | | | | 71,692 | |
| IsoEnergy, Ltd.(a) | | | 23,180 | | | | 59,473 | |
| Lotus Resources, Ltd.(a) | | | 290,216 | | | | 53,170 | |
| NAC Kazatomprom JSC, GDR(b) | | | 23,148 | | | | 844,902 | |
| NexGen Energy, Ltd.(a) | | | 108,290 | | | | 707,134 | |
| Paladin Energy, Ltd.(a) | | | 49,343 | | | | 394,007 | |
| Peninsula Energy, Ltd.(a) | | | 1,329,778 | | | | 86,418 | |
| Uranium Energy Corp.(a) | | | 144,322 | | | | 896,240 | |
| Uranium Royalty Corp.(a) | | | 20,545 | | | | 50,335 | |
| Ur-Energy, Inc.(a) | | | 53,121 | | | | 63,214 | |
| Total Coal & Consumable Fuels | | | | | | | 6,275,075 | |
| | | | | | | | | |
| Copper Mining (21.65%) | | | | | | | | |
| Aeris Resources, Ltd.(a) | | | 31,726 | | | | 5,155 | |
| Amman Mineral Internasional PT(a) | | | 780,550 | | | | 478,177 | |
| Antofagasta PLC | | | 32,946 | | | | 886,671 | |
| Atalaya Mining PLC | | | 8,626 | | | | 46,476 | |
| Capstone Copper Corp.(a) | | | 59,050 | | | | 461,939 | |
| Central Asia Metals PLC | | | 9,925 | | | | 25,955 | |
| ERO Copper Corp.(a)(c) | | | 4,084 | | | | 90,923 | |
| First Quantum Minerals, Ltd.(c) | | | 51,931 | | | | 708,054 | |
| Freeport-McMoRan, Inc. | | | 28,597 | | | | 1,427,562 | |
| Jinchuan Group International Resources Co., Ltd. | | | 212,600 | | | | 18,323 | |
| KGHM Polska Miedz SA | | | 9,966 | | | | 412,596 | |
| Lundin Mining Corp. | | | 48,057 | | | | 503,507 | |
| Metals Acquisition, Ltd.(a) | | | 5,202 | | | | 72,048 | |
| Sandfire Resources, Ltd.(a) | | | 17,894 | | | | 134,101 | |
| Sociedad Minera Cerro Verde SAA | | | 1,826 | | | | 72,857 | |
| SolGold PLC(a) | | | 88,954 | | | | 11,964 | |
| Southern Copper Corp. | | | 6,705 | | | | 775,567 | |
| Taseko Mines, Ltd.(a) | | | 28,724 | | | | 72,385 | |
| Total Copper Mining | | | | | | | 6,204,260 | |
| | | | | | | | | |
| Diversified Metals & Mining (33.28%) | | | | | | | | |
| 29Metals, Ltd. | | | 20,876 | | | | 7,433 | |
| American Battery Technology Co.(a) | | | 14,880 | | | | 15,922 | |
| Arafura Rare Earths, Ltd.(a) | | | 643,695 | | | | 77,878 | |
| Argosy Minerals, Ltd.(a) | | | 206,289 | | | | 5,419 | |
| Atlantic Lithium, Ltd.(a) | | | 61,667 | | | | 10,833 | |
| Core Lithium, Ltd.(a) | | | 605,546 | | | | 54,424 | |
| Security Description | | Shares | | | Value | |
| Diversified Metals & Mining (continued) | | | | | | | | |
| Eramet SA | | | 4,352 | | | $ | 342,986 | |
| Foran Mining Corp.(a) | | | 12,742 | | | | 39,476 | |
| Galan Lithium, Ltd.(a) | | | 66,974 | | | | 5,556 | |
| Global Atomic Corp.(a) | | | 39,127 | | | | 41,081 | |
| Hercules Metals Corp.(a) | | | 55,306 | | | | 25,354 | |
| Hudbay Minerals, Inc. | | | 26,628 | | | | 244,711 | |
| IGO, Ltd. | | | 173,226 | | | | 701,790 | |
| ioneer, Ltd.(a) | | | 247,141 | | | | 39,298 | |
| Ivanhoe Electric, Inc. / US(a) | | | 3,934 | | | | 33,282 | |
| Ivanhoe Mines, Ltd.(a) | | | 34,276 | | | | 509,914 | |
| Jupiter Mines, Ltd. | | | 677,575 | | | | 81,977 | |
| Kodal Minerals PLC(a) | | | 2,122,849 | | | | 12,573 | |
| Lake Resources NL(a) | | | 220,980 | | | | 6,264 | |
| Latin Resources, Ltd.(a) | | | 349,051 | | | | 54,296 | |
| Leo Lithium, Ltd.(a)(d) | | | 23,792 | | | | 6,744 | |
| Lifezone Metals, Ltd.(a) | | | 10,375 | | | | 72,625 | |
| Liontown Resources, Ltd.(a) | | | 233,579 | | | | 129,995 | |
| Lithium Americas Argentina Corp.(a) | | | 20,802 | | | | 67,814 | |
| Lithium Americas Corp.(a) | | | 26,439 | | | | 71,385 | |
| Lynas Rare Earths, Ltd.(a)(c) | | | 340,139 | | | | 1,885,938 | |
| Merdeka Battery Materials Tbk PT(a) | | | 6,038,900 | | | | 233,339 | |
| Meteoric Resources NL(a) | | | 609,360 | | | | 46,341 | |
| Minsur SA | | | 51,701 | | | | 64,855 | |
| MMG, Ltd.(a) | | | 221,720 | | | | 79,004 | |
| MP Materials Corp.(a)(c) | | | 69,867 | | | | 1,233,153 | |
| NGEx Minerals, Ltd.(a) | | | 6,261 | | | | 51,664 | |
| Nickel Industries, Ltd. | | | 1,263,740 | | | | 808,158 | |
| Northern Dynasty Minerals, Ltd.(a) | | | 28,474 | | | | 9,439 | |
| Panoramic Resources, Ltd.(a)(d)(d) | | | 132,202 | | | | 914 | |
| Patriot Battery Metals, Inc.(a) | | | 83,931 | | | | 24,951 | |
| Piedmont Lithium, Inc.(a) | | | 2,395 | | | | 21,387 | |
| Pilbara Minerals, Ltd.(c) | | | 597,769 | | | | 1,351,381 | |
| Renascor Resources, Ltd.(a) | | | 646,016 | | | | 36,176 | |
| Sayona Mining, Ltd.(a)(c) | | | 2,916,798 | | | | 70,578 | |
| Sigma Lithium Corp.(a)(c) | | | 17,855 | | | | 220,688 | |
| Solaris Resources, Inc.(a) | | | 4,872 | | | | 12,608 | |
| Standard Lithium, Ltd.(a) | | | 22,530 | | | | 36,273 | |
| Syrah Resources, Ltd.(a) | | | 340,190 | | | | 58,797 | |
| Talga Group, Ltd.(a)(c) | | | 96,529 | | | | 26,360 | |
| Trimegah Bangun Persada Tbk PT | | | 2,245,400 | | | | 133,478 | |
| Vale Indonesia Tbk PT(a) | | | 1,061,150 | | | | 285,964 | |
| Vizsla Royalties Corp.(a) | | | 2,021 | | | | 2,720 | |
| Vizsla Silver Corp.(a) | | | 59,766 | | | | 114,751 | |
| Vulcan Energy Resources, Ltd.(a) | | | 19,261 | | | | 60,189 | |
| Winsome Resources, Ltd.(a) | | | 23,792 | | | | 9,376 | |
| Total Diversified Metals & Mining | | | | | | | 9,537,512 | |
| | | | | | | | | |
| Environmental & Facilities Services (0.07%) | | | | | | | | |
| Li-Cycle Holdings Corp.(a) | | | 9,091 | | | | 19,909 | |
| Security Description | | Shares | | | Value | |
| Fertilizers & Agricultural Chemicals (4.09%) | | | | | | | | |
| Sociedad Quimica y Minera de Chile SA, ADR | | | 28,105 | | | $ | 1,171,416 | |
| | | | | | | | | |
| Gold Mining (0.71%) | | | | | | | | |
| Cia de Minas Buenaventura SAA, ADR | | | 13,410 | | | | 185,594 | |
| FireFly Metals, Ltd.(a) | | | 25,406 | | | | 18,706 | |
| Total Gold Mining | | | | | | | 204,300 | |
| | | | | | | | | |
| Precious Metals & Minerals Mining (1.46%) | | | | | | | | |
| Atlas Lithium Corp.(a) | | | 1,098 | | | | 7,466 | |
| Avino Silver & Gold Mines, Ltd.(a) | | | 33,796 | | | | 37,176 | |
| SilverCrest Metals, Inc.(a)(c) | | | 40,293 | | | | 372,710 | |
| Total Precious Metals & Minerals Mining | | | | | | | 417,352 | |
| | | | | | | | | |
| Silver Mining (7.18%) | | | | | | | | |
| Aya Gold & Silver, Inc.(a) | | | 60,811 | | | | 791,359 | |
| Endeavour Silver Corp.(a) | | | 79,168 | | | | 311,922 | |
| Gatos Silver, Inc.(a) | | | 16,021 | | | | 241,597 | |
| GoGold Resources, Inc.(a) | | | 83,533 | | | | 79,058 | |
| MAG Silver Corp.(a)(c) | | | 24,917 | | | | 349,835 | |
| New Pacific Metals Corp.(a) | | | 23,945 | | | | 35,678 | |
| Silver Mines, Ltd.(a) | | | 383,312 | | | | 24,115 | |
| Silvercorp Metals, Inc.(c) | | | 51,257 | | | | 223,993 | |
| Total Silver Mining | | | | | | | 2,057,557 | |
| | | | | | | | | |
| Specialty Chemicals (8.24%) | | | | | | | | |
| Albemarle Corp. | | | 12,290 | | | | 1,163,986 | |
| Arcadium Lithium PLC, Class A(a) | | | 271,141 | | | | 772,752 | |
| Ganfeng Lithium Group Co., Ltd.(b)(c)(e) | | | 103,300 | | | | 297,654 | |
| Tianqi Lithium Corp.(c) | | | 35,550 | | | | 126,216 | |
| Total Specialty Chemicals | | | | | | | 2,360,608 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $27,524,185) | | | | | | | 28,247,989 | |
| Security Description | | Shares | | | Value | |
| EXCHANGE TRADED FUNDS (0.96%) |
| iShares MSCI India ETF | | | 4,720 | | | | 276,262 | |
| | | | | | | | | |
| TOTAL EXCHANGE TRADED FUNDS |
| (Cost $244,605) | | | | | | | 276,262 | |
| | | | | | | | | |
| RIGHTS (0.00%) |
| Diversified Metals & Mining (0.00%) | | | | | | | | |
| Talga Group, Ltd. (Expiring 9/13/2025), Strike Price AUD $0.55(d) | | | 10,905 | | | | – | |
| Galan Lithium, Ltd. (Expiring 10/7/2024), Strike Price AUD $0.10(d) | | | 15,343 | | | | 159 | |
| Total Diversified Metals & Mining | | | | | | | 159 | |
| Security Description | | Shares | | | Value | |
| TOTAL RIGHTS | | | | | | | | |
| (Cost $–) | | | | | | | 159 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (14.88%) |
| Money Market Fund (0.26%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $73,691) | | | 4.95 | % | | | 73,691 | | | $ | 73,691 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (14.62%) | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $4,188,282) | | | | | | | 4,188,282 | | | | 4,188,282 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $4,261,973) | | | | | | | | | | | 4,261,973 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (114.42%) |
| (Cost $32,030,763) | | | | | | | | | | $ | 32,786,383 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-14.42%) | | | | | | | | | | | (4,131,883 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 28,654,500 | |
| (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 September 30, 2024, the market value of those securities was $1,142,556, representing 3.99% of net assets. |
| (c) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $5,570,703. The loaned securities were secured with cash collateral of $4,188,282 and non-cash collateral with the value of $1,754,369. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of the Fund's custodian. The Fund cannot repledge or resell this collateral. Collateral is calculated based on prior day’s prices. |
| (d) | As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy. |
| (e) | 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 September 30, 2024, the aggregate market value of those securities was $297,654, representing 1.04% of net assets. |
See Notes to Quarterly Schedule of Investments.
Sprott Lithium Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (98.14%) |
| Diversified Metals & Mining (62.22%) | | | | | | | | |
| American Lithium Corp.(a)(b) | | | 35,842 | | | $ | 19,611 | |
| Anson Resources, Ltd.(a) | | | 284,829 | | | | 15,163 | |
| Argosy Minerals, Ltd.(a)(b) | | | 297,531 | | | | 7,817 | |
| Arizona Lithium, Ltd.(a) | | | 1,616,731 | | | | 16,766 | |
| Atlantic Lithium, Ltd.(a) | | | 80,256 | | | | 14,099 | |
| Cleantech Lithium PLC(a) | | | 91,439 | | | | 17,726 | |
| Core Lithium, Ltd.(a) | | | 950,137 | | | | 85,394 | |
| Critical Elements Lithium Corp.(a)(b) | | | 38,321 | | | | 13,459 | |
| Critical Metals Corp.(a) | | | 2,308 | | | | 17,172 | |
| Delta Lithium, Ltd.(a) | | | 137,676 | | | | 22,368 | |
| E3 Lithium, Ltd.(a) | | | 19,526 | | | | 16,314 | |
| Frontier Lithium, Inc.(a) | | | 41,141 | | | | 18,860 | |
| Galan Lithium, Ltd.(a) | | | 165,268 | | | | 13,711 | |
| Global Lithium Resources, Ltd.(a) | | | 104,770 | | | | 15,935 | |
| IGO, Ltd. | | | 174,030 | | | | 705,047 | |
| ioneer, Ltd.(a)(b) | | | 784,938 | | | | 124,813 | |
| Kodal Minerals PLC(a) | | | 3,237,263 | | | | 19,173 | |
| Lake Resources NL(a)(b) | | | 619,789 | | | | 17,568 | |
| Latin Resources, Ltd.(a) | | | 1,108,637 | | | | 172,452 | |
| Leo Lithium, Ltd.(a)(c)(c) | | | 117,442 | | | | 33,289 | |
| Li-FT Power, Ltd.(a) | | | 9,066 | | | | 18,166 | |
| Liontown Resources, Ltd.(a) | | | 452,888 | | | | 252,048 | |
| Lithium Americas Argentina Corp.(a) | | | 66,008 | | | | 215,186 | |
| Lithium Americas Corp.(a) | | | 84,075 | | | | 227,003 | |
| Lithium Chile, Inc.(a) | | | 42,679 | | | | 17,356 | |
| Lithium Ionic Corp.(a) | | | 42,176 | | | | 21,829 | |
| Mineral Resources, Ltd. | | | 8,222 | | | | 295,809 | |
| Patriot Battery Metals, Inc.(a)(b) | | | 59,347 | | | | 182,984 | |
| Piedmont Lithium, Inc.(a) | | | 7,670 | | | | 68,493 | |
| Pilbara Minerals, Ltd.(b) | | | 321,050 | | | | 725,800 | |
| Savannah Resources PLC(a) | | | 563,052 | | | | 30,111 | |
| Sayona Mining, Ltd.(a)(b) | | | 4,632,284 | | | | 112,088 | |
| Sigma Lithium Corp.(a) | | | 25,110 | | | | 310,360 | |
| Standard Lithium, Ltd.(a)(b) | | | 71,524 | | | | 115,154 | |
| Surge Battery Metals, Inc.(a) | | | 86,460 | | | | 24,612 | |
| Vulcan Energy Resources, Ltd.(a) | | | 61,185 | | | | 191,197 | |
| Winsome Resources, Ltd.(a) | | | 33,231 | | | | 13,095 | |
| Total Diversified Metals & Mining | | | | | | | 4,188,028 | |
| | | | | | | | | |
| Fertilizers & Agricultural Chemicals (10.68%) | | | | | | | | |
| Sociedad Quimica y Minera de Chile SA, ADR | | | 17,252 | | | | 719,063 | |
| | | | | | | | | |
| Gold Mining (0.18%) | | | | | | | | |
| Brunswick Exploration, Inc.(a) | | | 89,865 | | | | 12,293 | |
| Security Description | | Shares | | | Value | |
| Precious Metals & Minerals (0.18%) | | | | | | | | |
| Atlas Lithium Corp.(a) | | | 1,733 | | | $ | 11,785 | |
| | | | | | | | | |
| Specialty Chemicals (24.88%) | | | | | | | | |
| Albemarle Corp. | | | 6,574 | | | | 622,624 | |
| Arcadium Lithium PLC, Class A(a) | | | 181,955 | | | | 518,572 | |
| Ganfeng Lithium Group Co., Ltd.(d)(e) | | | 115,800 | | | | 333,672 | |
| Tianqi Lithium Corp.(b) | | | 56,200 | | | | 199,530 | |
| Total Specialty Chemicals | | | | | | | 1,674,398 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $9,056,258) | | | | | | | 6,605,567 | |
| | | | | | | | | |
| RIGHTS (0.01%) |
| Diversified Metals & Mining (0.01%) | | | | | | | | |
| Galan Lithium, Ltd. (Expiring 10/7/2024), Strike Price AUD $0.10(c) | | | 40,294 | | | | 418 | |
| | | | | | | | | |
| TOTAL RIGHTS |
| (Cost $–) | | | | | | | 418 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (16.38%) |
| Money Market Fund (0.53%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $35,668) | | | 4.95 | % | | | 35,668 | | | | 35,668 | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (15.85%) | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $1,067,159) | | | | | | | 1,067,159 | | | | 1,067,159 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $1,102,827) | | | | | | | | | | | 1,102,827 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (114.53%) |
| (Cost $10,159,085) | | | | | | | | | | $ | 7,708,812 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-14.53%) | | | | | | | | | | | (977,732 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 6,731,080 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $1,796,951. The loaned securities were secured with cash collateral of $1,067,159 and non-cash collateral with the value of $841,132. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 securities under the fair value hierarchy. |
| (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 September 30, 2024, the aggregate market value of those securities was $333,672, representing 4.96% of net assets. |
| (e) | 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 September 30, 2024, the market value of those securities was $333,672, representing 4.96% of net assets. |
See Notes to Quarterly Schedule of Investments.
Sprott Uranium Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| CLOSED END FUND (12.07%) |
| Sprott Physical Uranium Trust(a)(f) | | | 10,055,438 | | | $ | 194,722,113 | |
| | | | | | | | | |
| TOTAL CLOSED END FUND |
| (Cost $137,346,235) | | | | | | | 194,722,113 | |
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (87.18%) |
| Coal & Consumable Fuels (86.00%) | | | | | | | | |
| Alligator Energy, Ltd.(a) | | | 237,479,651 | | | | 8,209,051 | |
| Anfield Energy, Inc.(a) | | | 81,915,780 | | | | 4,845,475 | |
| Atha Energy Corp.(a) | | | 14,219,731 | | | | 7,359,837 | |
| Aura Energy, Ltd.(a) | | | 45,838,860 | | | | 5,387,401 | |
| Bannerman Energy, Ltd.(a) | | | 10,438,365 | | | | 22,659,937 | |
| Baselode Energy Corp.(a) | | | 18,759,628 | | | | 1,456,439 | |
| Berkeley Energia, Ltd.(a) | | | 28,037,638 | | | | 6,334,961 | |
| Boss Energy, Ltd.(a) | | | 25,957,950 | | | | 59,042,245 | |
| Cameco Corp.(b) | | | 5,226,617 | | | | 249,623,228 | |
| CanAlaska Uranium, Ltd.(a)(b) | | | 10,173,954 | | | | 5,115,375 | |
| CGN Mining Co., Ltd. | | | 361,665,300 | | | | 76,298,242 | |
| Deep Yellow, Ltd.(a)(b) | | | 58,041,381 | | | | 55,174,323 | |
| Denison Mines Corp.(a)(b) | | | 42,885,944 | | | | 78,481,277 | |
| Elevate Uranium, Ltd.(a) | | | 18,966,640 | | | | 5,245,018 | |
| Encore Energy Corp.(a)(b) | | | 11,473,188 | | | | 47,082,105 | |
| Energy Fuels, Inc.(a)(b) | | | 10,397,985 | | | | 57,084,938 | |
| F3 Uranium Corp.(a)(b) | | | 29,520,859 | | | | 6,984,861 | |
| Fission Uranium Corp.(a)(b) | | | 54,367,769 | | | | 41,405,451 | |
| Forsys Metals Corp.(a)(b) | | | 12,359,949 | | | | 7,585,314 | |
| GoviEx Uranium, Inc.(a) | | | 53,559,185 | | | | 6,336,256 | |
| IsoEnergy, Ltd.(a) | | | 11,112,403 | | | | 28,511,249 | |
| Laramide Resources, Ltd.(a)(b) | | | 15,762,499 | | | | 8,274,889 | |
| Lotus Resources, Ltd.(a)(b) | | | 116,166,576 | | | | 21,282,549 | |
| Mega Uranium, Ltd.(a) | | | 23,335,935 | | | | 5,780,279 | |
| NAC Kazatomprom JSC, GDR(c) | | | 5,845,087 | | | | 213,345,675 | |
| NexGen Energy, Ltd.(a)(b) | | | 11,560,537 | | | | 75,490,307 | |
| Paladin Energy, Ltd.(a) | | | 10,731,307 | | | | 85,690,204 | |
| Peninsula Energy, Ltd.(a) | | | 177,181,268 | | | | 11,514,424 | |
| Skyharbour Resources, Ltd.(a) | | | 15,037,577 | | | | 4,892,258 | |
| Uranium Energy Corp.(a) | | | 12,272,350 | | | | 76,211,293 | |
| Uranium Royalty Corp.(a)(b) | | | 4,586,006 | | | | 11,088,203 | |
| Ur-Energy, Inc.(a)(b) | | | 23,144,588 | | | | 27,542,060 | |
| Western Uranium & Vanadium Corp.(a) | | | 3,769,663 | | | | 5,295,841 | |
| Yellow Cake PLC(a)(c)(d) | | | 8,179,627 | | | | 61,130,948 | |
| Total Coal & Consumable Fuels | | | | | | | 1,387,761,913 | |
| | | | | | | | | |
| Diversified Metals & Mining (0.93%) | | | | | | | | |
| Global Atomic Corp.(a)(b) | | | 14,354,461 | | | | 15,071,415 | |
| | | | | | | | | |
| Electronic Equipment & Instruments (0.25%) | | | | | | | | |
| Premier American Uranium, Inc.(a) | | | 2,422,295 | | | | 3,940,293 | |
| | | | | | | | | |
| Machinery-Construction & Mining (–%) | | | | | | | | |
| F4 Uranium Corp.(a)(b)(e) | | | 2,532,807 | | | | 0 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $1,266,918,162) | | | | | | | 1,406,773,621 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (10.51%) |
| Money Market Fund (0.04%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $659,037) | | | 4.95 | % | | | 659,037 | | | | 659,037 | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (10.47%) | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $169,012,892) | | | | | | | 169,012,892 | | | | 169,012,892 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $169,671,929) | | | | | | | | | | | 169,671,929 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (109.76%) |
| (Cost $1,573,936,326) | | | | | | | | | | $ | 1,771,167,663 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-9.76%) | | | | | | | | | | | (157,521,540 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 1,613,646,123 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position is currently on loan. The total market value of securities on loan was $302,174,357. The loaned securities were secured with cash collateral of $169,012,892 and non-cash collateral with the value of $147,399,501. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 September 30, 2024, the market value of those securities was $274,476,623, representing 17.01% 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 September 30, 2024, the aggregate market value of those securities was $61,130,948, representing 3.79% of net assets. |
| (e) | As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy. |
| (f) | See Affiliated Investments for details. |
See Notes to Quarterly Schedule of Investments.
Sprott Junior Uranium Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (97.93%) |
| Coal & Consumable Fuels (96.27%) | | | | | | | | |
| Alligator Energy, Ltd.(a) | | | 93,170,610 | | | $ | 3,220,665 | |
| Anfield Energy, Inc.(a) | | | 18,324,025 | | | | 1,083,901 | |
| Atha Energy Corp.(a)(b) | | | 5,556,920 | | | | 2,876,146 | |
| Aura Energy, Ltd.(a) | | | 11,943,237 | | | | 1,403,678 | |
| Bannerman Energy, Ltd.(a)(b) | | | 3,428,075 | | | | 7,441,775 | |
| Baselode Energy Corp.(a) | | | 4,461,160 | | | | 346,351 | |
| Berkeley Energia, Ltd.(a) | | | 8,907,968 | | | | 2,217,061 | |
| Boss Energy, Ltd.(a) | | | 5,961,056 | | | | 13,558,626 | |
| CanAlaska Uranium, Ltd.(a) | | | 3,670,090 | | | | 1,845,289 | |
| CGN Mining Co., Ltd.(b) | | | 48,982,800 | | | | 10,333,592 | |
| Deep Yellow, Ltd.(a)(b) | | | 14,222,800 | | | | 13,520,239 | |
| Denison Mines Corp.(a) | | | 18,104,539 | | | | 33,131,306 | |
| Elevate Uranium, Ltd.(a) | | | 6,966,844 | | | | 1,926,605 | |
| Encore Energy Corp.(a) | | | 3,385,990 | | | | 13,894,964 | |
| Energy Fuels, Inc.(a) | | | 2,484,825 | | | | 13,641,689 | |
| F3 Uranium Corp.(a) | | | 11,229,602 | | | | 2,657,010 | |
| Fission Uranium Corp.(a) | | | 12,658,864 | | | | 9,640,748 | |
| Forsys Metals Corp.(a) | | | 2,953,038 | | | | 1,812,283 | |
| GoviEx Uranium, Inc.(a) | | | 18,177,122 | | | | 2,150,423 | |
| IsoEnergy, Ltd.(a) | | | 2,761,582 | | | | 7,085,430 | |
| Laramide Resources, Ltd.(a) | | | 5,454,799 | | | | 2,863,623 | |
| Lotus Resources, Ltd.(a)(b) | | | 35,656,940 | | | | 6,532,607 | |
| Mega Uranium, Ltd.(a) | | | 8,765,327 | | | | 2,171,159 | |
| NexGen Energy, Ltd.(a)(b) | | | 6,011,711 | | | | 39,256,473 | |
| Paladin Energy, Ltd.(a)(b) | | | 3,064,898 | | | | 24,473,416 | |
| Peninsula Energy, Ltd.(a) | | | 79,594,980 | | | | 5,172,614 | |
| Skyharbour Resources, Ltd.(a) | | | 4,375,656 | | | | 1,423,556 | |
| Uranium Energy Corp.(a) | | | 6,550,617 | | | | 40,679,332 | |
| Uranium Royalty Corp.(a)(b) | | | 2,493,277 | | | | 6,108,529 | |
| Ur-Energy, Inc.(a) | | | 6,322,371 | | | | 7,523,621 | |
| Western Uranium & Vanadium Corp.(a) | | | 1,107,366 | | | | 1,555,692 | |
| Total Coal & Consumable Fuels | | | | | | | 281,548,403 | |
| | | | | | | | | |
| Diversified Metals & Mining (1.66%) | | | | | | | | |
| Global Atomic Corp.(a) | | | 4,631,956 | | | | 4,863,306 | |
| | | | | | | | | |
| Machinery-Construction & Mining (–%) | | | | | | | | |
| F4 Uranium Corp.(a)(c) | | | 1,162,639 | | | | 0 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $292,243,176) | | | | | | | 286,411,709 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (4.21%) |
| Money Market Fund (0.25%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $735,349) | | | 4.95 | % | | | 735,349 | | | | 735,349 | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (3.96%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $11,588,249) | | | | | | | 11,588,249 | | | | 11,588,249 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $12,323,598) | | | | | | | | | | | 12,323,598 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (102.14%) |
| (Cost $304,566,774) | | | | | | | | | | $ | 298,735,307 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-2.14%) | | | | | | | | | | | (6,254,579 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 292,480,728 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $16,979,655. The loaned securities were secured with cash collateral of $11,588,249 and non-cash collateral with the value of $6,825,409. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 securities under the fair value hierarchy. |
See Notes to Quarterly Schedule of Investments.
Sprott Junior Copper Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (100.41%) |
| Copper Mining (47.41%) | | | | | | | | |
| Aeris Resources, Ltd.(a) | | | 886,874 | | | $ | 144,088 | |
| Arizona Sonoran Copper Co., Inc.(a) | | | 111,463 | | | | 127,744 | |
| Atalaya Mining PLC | | | 102,999 | | | | 554,950 | |
| Austral Resources Australia, Ltd.(a) | | | 65,607 | | | | 7,257 | |
| Central Asia Metals PLC | | | 199,921 | | | | 522,809 | |
| China Daye Non-Ferrous Metals Mining, Ltd.(a) | | | 8,738,000 | | | | 73,062 | |
| Copper 360, Ltd.(a) | | | 1,032,569 | | | | 208,576 | |
| Cyprium Metals, Ltd.(a) | | | 1,347,911 | | | | 34,479 | |
| ERO Copper Corp.(a)(b) | | | 26,677 | | | | 593,918 | |
| Faraday Copper Corp.(a) | | | 267,205 | | | | 163,984 | |
| Hot Chili, Ltd.(a) | | | 194,680 | | | | 116,422 | |
| Imperial Metals Corp.(a) | | | 102,932 | | | | 168,198 | |
| Jinchuan Group International Resources Co., Ltd. | | | 4,067,800 | | | | 350,589 | |
| Marimaca Copper Corp.(a) | | | 70,365 | | | | 208,631 | |
| Metals Acquisition, Ltd.(a)(b) | | | 38,278 | | | | 530,150 | |
| Phoenix Copper, Ltd.(a) | | | 128,050 | | | | 16,692 | |
| Sandfire Resources, Ltd.(a) | | | 92,287 | | | | 691,618 | |
| SolGold PLC(a) | | | 2,484,908 | | | | 334,214 | |
| Taseko Mines, Ltd.(a) | | | 205,662 | | | | 518,268 | |
| Total Copper Mining | | | | | | | 5,365,649 | |
| | | | | | | | | |
| Diversified Metals & Mining (48.38%) | | | | | | | | |
| 29Metals, Ltd.(b) | | | 363,186 | | | | 129,310 | |
| AIC Mines, Ltd.(a) | | | 540,155 | | | | 141,905 | |
| Amerigo Resources, Ltd. | | | 176,041 | | | | 226,486 | |
| Arc Minerals, Ltd.(a) | | | 1,482,158 | | | | 31,705 | |
| Asiamet Resources, Ltd.(a)(b) | | | 2,048,129 | | | | 19,168 | |
| Caravel Minerals, Ltd.(a) | | | 658,853 | | | | 81,989 | |
| Carnaby Resources, Ltd.(a) | | | 241,499 | | | | 75,967 | |
| Copper Fox Metals, Inc.(a) | | | 355,215 | | | | 77,480 | |
| Encounter Resources, Ltd.(a) | | | 538,916 | | | | 167,660 | |
| Entree Resources, Ltd.(a) | | | 177,385 | | | | 284,613 | |
| Foran Mining Corp.(a) | | | 182,141 | | | | 564,288 | |
| Gruvaktiebolaget Viscaria(a) | | | 119,823 | | | | 250,127 | |
| Hillgrove Resources, Ltd.(a) | | | 2,168,816 | | | | 97,461 | |
| Ivanhoe Electric, Inc. / US(a)(b) | | | 49,939 | | | | 422,484 | |
| Los Andes Copper, Ltd.(a) | | | 16,596 | | | | 104,304 | |
| Minsur SA | | | 517,171 | | | | 648,757 | |
| New World Resources, Ltd.(a) | | | 3,941,054 | | | | 57,217 | |
| NGEx Minerals, Ltd.(a) | | | 79,542 | | | | 656,356 | |
| Northern Dynasty Minerals, Ltd.(a) | | | 795,027 | | | | 263,552 | |
| Regulus Resources, Inc.(a) | | | 154,652 | | | | 222,982 | |
| Rex Minerals, Ltd.(a) | | | 885,621 | | | | 284,707 | |
| Sierra Metals, Inc. | | | 251,121 | | | | 141,116 | |
| Solaris Resources, Inc.(a) | | | 136,024 | | | | 352,016 | |
| Trilogy Metals, Inc.(a) | | | 208,376 | | | | 100,854 | |
| Security Description | | Shares | | | Value | |
| Diversified Metals & Mining (continued) | | | | | | | | |
| Xanadu Mines, Ltd.(a) | | | 1,699,901 | | | $ | 72,864 | |
| Total Diversified Metals & Mining | | | | | | | 5,475,368 | |
| | | | | | | | | |
| Gold Mining (4.62%) | | | | | | | | |
| FireFly Metals, Ltd.(a)(b) | | | 710,084 | | | | 522,825 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $11,091,998) | | | | | | | 11,363,842 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (5.93%) |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (5.93%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $671,235) | | | | | | | 671,235 | | | | 671,235 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $671,235) | | | | | | | | | | | 671,235 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (106.34%) |
| (Cost $11,763,233) | | | | | | | | | | $ | 12,035,077 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-6.34%) | | | | | | | | | | | (717,732 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 11,317,345 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $2,010,596. The loaned securities were secured with cash collateral of $671,235 and non-cash collateral with the value of $1,482,713. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 Nickel Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (98.58%) |
| Diversified Metals & Mining (93.09%) | | | | | | | | |
| Adhi Kartiko Pratama PT(a) | | | 4,513,600 | | | $ | 127,001 | |
| Ardea Resources, Ltd.(a) | | | 624,657 | | | | 174,901 | |
| Canada Nickel Co., Inc.(a) | | | 593,725 | | | | 487,290 | |
| Centaurus Metals, Ltd.(a) | | | 1,361,059 | | | | 451,663 | |
| Eramet SA | | | 4,505 | | | | 355,044 | |
| Global Ferronickel Holdings, Inc. | | | 11,100,730 | | | | 283,275 | |
| IGO, Ltd. | | | 198,056 | | | | 802,384 | |
| Lifezone Metals, Ltd.(a) | | | 68,494 | | | | 479,458 | |
| Magna Mining, Inc.(a) | | | 442,979 | | | | 399,597 | |
| Merdeka Battery Materials Tbk PT(a) | | | 33,490,150 | | | | 1,294,038 | |
| Nickel 28 Capital Corp.(a) | | | 234,640 | | | | 112,770 | |
| Nickel Asia Corp. | | | 8,028,015 | | | | 515,741 | |
| Nickel Industries, Ltd.(b) | | | 3,503,967 | | | | 2,240,775 | |
| Pam Mineral Tbk PT | | | 11,051,100 | | | | 198,540 | |
| Panoramic Resources, Ltd.(a)(c) | | | 518,456 | | | | 3,584 | |
| Power Nickel, Inc.(a) | | | 542,287 | | | | 312,754 | |
| Premium Nickel Resources, Ltd.(a) | | | 454,770 | | | | 265,643 | |
| Raiden Resources, Ltd.(a) | | | 10,069,584 | | | | 306,310 | |
| Sherritt International Corp.(a) | | | 1,477,395 | | | | 213,015 | |
| Talon Metals Corp.(a) | | | 2,425,210 | | | | 170,354 | |
| Trimegah Bangun Persada Tbk PT | | | 12,448,050 | | | | 739,977 | |
| Vale Indonesia Tbk PT(a) | | | 2,940,200 | | | | 792,339 | |
| Xinjiang Xinxin Mining Industry Co., Ltd. | | | 2,820,700 | | | | 351,959 | |
| Total Diversified Metals & Mining | | | | | | | 11,078,412 | |
| | | | | | | | | |
| Gold Mining (4.54%) | | | | | | | | |
| Aneka Tambang Tbk | | | 5,529,995 | | | | 540,581 | |
| | | | | | | | | |
| Non-Ferrous Metal (0.95%) | | | | | | | | |
| EV Nickel, Inc.(a) | | | 276,839 | | | | 112,582 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $12,458,144) | | | | | | | 11,731,575 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (2.12%) |
| Money Market Fund (0.64%) | | | | | | |
| State Street Institutional Treasury Plus Money Market Fund | | | | | | | | | | | | |
| (Cost $75,772) | | | 4.95 | % | | | 75,772 | | | $ | 75,772 | |
| | | | | | | | | | | | | |
| Investments Purchased with Collateral from Securities Loaned (1.48%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $176,041) | | | | | | | 176,041 | | | | 176,041 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $251,813) | | | | | | | | | | | 251,813 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (100.70%) |
| (Cost $12,709,957) | | | | | | | | | | $ | 11,983,388 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-0.70%) | | | | | | | | | | | (83,223 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 11,900,165 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $166,586. The loaned securities were secured with cash collateral of $176,041 and non-cash collateral with the value of $6,053. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 securities under the fair value hierarchy. |
See Notes to Quarterly Schedule of Investments.
Sprott Copper Miners ETF
Schedule of Investments
As of September 30, 2024 (Unaudited)
| Security Description | | Shares | | | Value | |
| COMMON STOCKS (96.91%) |
| Copper Mining (78.26%) | | | | | | | | |
| Aeris Resources, Ltd.(a)(b) | | | 229,916 | | | $ | 37,354 | |
| Amman Mineral Internasional PT(a) | | | 3,703,900 | | | | 2,269,067 | |
| Antofagasta PLC | | | 108,999 | | | | 2,933,473 | |
| Arizona Sonoran Copper Co., Inc.(a) | | | 28,856 | | | | 33,071 | |
| Atalaya Mining PLC | | | 31,295 | | | | 168,615 | |
| Capstone Copper Corp.(a) | | | 180,391 | | | | 1,411,170 | |
| Central Asia Metals PLC | | | 62,717 | | | | 164,010 | |
| China Daye Non-Ferrous Metals Mining, Ltd.(a) | | | 2,264,000 | | | | 18,930 | |
| Copper 360, Ltd.(a) | | | 267,694 | | | | 54,073 | |
| ERO Copper Corp.(a)(b) | | | 29,545 | | | | 657,967 | |
| Faraday Copper Corp.(a)(b) | | | 69,307 | | | | 42,534 | |
| First Quantum Minerals, Ltd. | | | 103,409 | | | | 1,409,932 | |
| Freeport-McMoRan, Inc. | | | 140,082 | | | | 6,992,893 | |
| Hot Chili, Ltd.(a) | | | 50,518 | | | | 30,210 | |
| Imperial Metals Corp.(a) | | | 26,732 | | | | 43,682 | |
| Jinchuan Group International Resources Co., Ltd. | | | 1,054,400 | | | | 90,875 | |
| KGHM Polska Miedz SA | | | 43,632 | | | | 1,806,381 | |
| Lundin Mining Corp.(b) | | | 126,660 | | | | 1,327,052 | |
| Marimaca Copper Corp.(a) | | | 18,222 | | | | 54,028 | |
| Metals Acquisition, Ltd.(a) | | | 18,889 | | | | 261,613 | |
| Sandfire Resources, Ltd.(a) | | | 129,759 | | | | 972,441 | |
| Sociedad Minera Cerro Verde SAA | | | 8,027 | | | | 320,277 | |
| SolGold PLC(a) | | | 644,279 | | | | 86,654 | |
| Southern Copper Corp. | | | 12,049 | | | | 1,393,708 | |
| Taseko Mines, Ltd.(a) | | | 111,709 | | | | 281,507 | |
| Total Copper Mining | | | | | | | 22,861,517 | |
| | | | | | | | | |
| Diversified Metals & Mining (18.19%) | | | | | | | | |
| 29Metals, Ltd. | | | 94,150 | | | | 33,521 | |
| AIC Mines, Ltd.(a) | | | 140,075 | | | | 36,799 | |
| Amerigo Resources, Ltd. | | | 45,699 | | | | 58,794 | |
| Caravel Minerals, Ltd.(a) | | | 170,797 | | | | 21,254 | |
| Carnaby Resources, Ltd.(a) | | | 62,649 | | | | 19,707 | |
| Copper Fox Metals, Inc.(a) | | | 92,112 | | | | 20,092 | |
| Encounter Resources, Ltd.(a) | | | 139,707 | | | | 43,464 | |
| Entree Resources, Ltd.(a)(b) | | | 46,000 | | | | 73,807 | |
| Foran Mining Corp.(a) | | | 92,538 | | | | 286,690 | |
| Gruvaktiebolaget Viscaria(a) | | | 31,042 | | | | 64,799 | |
| Hillgrove Resources, Ltd.(a) | | | 562,307 | | | | 25,269 | |
| Hudbay Minerals, Inc. | | | 150,842 | | | | 1,386,238 | |
| Ivanhoe Electric, Inc. / US(a) | | | 28,615 | | | | 242,083 | |
| Ivanhoe Mines, Ltd.(a) | | | 95,287 | | | | 1,417,557 | |
| Minsur SA | | | 368,447 | | | | 462,193 | |
| MMG, Ltd.(a) | | | 1,061,900 | | | | 378,379 | |
| New World Resources, Ltd.(a) | | | 1,021,875 | | | | 14,836 | |
| NGEx Minerals, Ltd.(a) | | | 45,303 | | | | 373,826 | |
| Northern Dynasty Minerals, Ltd.(a) | | | 206,104 | | | | 68,323 | |
| Regulus Resources, Inc.(a) | | | 40,055 | | | | 57,752 | |
| Rex Minerals, Ltd.(a) | | | 229,590 | | | | 73,808 | |
| Sierra Metals, Inc. | | | 65,071 | | | | 36,566 | |
| Solaris Resources, Inc.(a) | | | 35,310 | | | | 91,379 | |
| Trilogy Metals, Inc.(a) | | | 54,018 | | | | 26,145 | |
| Total Diversified Metals & Mining | | | | | | | 5,313,281 | |
| | | | | | | | | |
| Gold Mining (0.46%) | | | | | | | | |
| FireFly Metals, Ltd.(a) | | | 184,117 | | | | 135,563 | |
| | | | | | | | | |
| TOTAL COMMON STOCKS |
| (Cost $26,383,481) | | | | | | | 28,310,361 | |
| Security Description | | Shares | | | Value | |
| EXCHANGE TRADED FUNDS (0.76%) |
| iShares MSCI India ETF | | | 3,814 | | | | 223,233 | |
| | | | | | | | | |
| TOTAL EXCHANGE TRADED FUNDS |
| (Cost $208,142) | | | | | | | 223,233 | |
| | | 7 Day Yield | | | Shares | | | Value | |
| SHORT TERM INVESTMENTS (5.68%) |
| Investments Purchased with Collateral from Securities Loaned (5.68%) | | | | | | | | | | | | |
| State Street Navigator Securities Lending Government Money Market Portfolio, 5.02% | | | | | | | | | | | | |
| (Cost $1,659,888) | | | | | | | 1,659,888 | | | | 1,659,888 | |
| TOTAL SHORT TERM INVESTMENTS |
| (Cost $1,659,888) | | | | | | | | | | | 1,659,888 | |
| | | | | | | | | | | | | |
| TOTAL INVESTMENTS (103.35%) |
| (Cost $28,251,511) | | | | | | | | | | $ | 30,193,482 | |
| LIABILITIES IN EXCESS OF OTHER ASSETS (-3.35%) | | | | | | | | | | | (977,934 | ) |
| NET ASSETS - 100.00% | | | | | | | | | | $ | 29,215,548 | |
| (a) | Non-income producing security. |
| (b) | As of September 30, 2024, the security, or a portion of the security position was on loan. The total market value of securities on loan was $2,014,209. The loaned securities were secured with cash collateral of $1,659,888 and non-cash collateral with the value of $491,193. The non-cash collateral received consists of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and is held for the benefit of the Fund at or in an account in the name of 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 Funds Trust
Notes to Quarterly Schedules of Investments
September 30, 2024 (Unaudited)
Each Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.
Valuation techniques used to value the Funds’ investments by major category are as follows:
Generally, if the security is traded in an active market and is valued at the last sale price, the security is categorized as a Level 1 security. When market quotations are not readily available, when Sprott Asset Management USA, Inc. (the "Adviser") determines that the market quotation or the price provided by the pricing service does not accurately reflect the current fair value, or when restricted securities are being valued, such securities are valued as determined in good faith by the Adviser, subject to valuation procedures approved by the Board and are categorized in Level 2 or Level 3, when appropriate.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
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 September 30, 2024:
Sprott Gold Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 275,947,578 | | | $ | – | | | $ | – | | | $ | 275,947,578 | |
| Short Term Investments | | | 8,249,439 | | | | – | | | | – | | | | 8,249,439 | |
| Total | | $ | 284,197,017 | | | $ | – | | | $ | – | | | $ | 284,197,017 | |
|
Sprott Junior Gold Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 126,968,733 | | | $ | – | | | $ | 458,741 | | | $ | 127,427,474 | |
| Rights* | | | – | | | | – | | | | – | | | | – | |
| Short Term Investments | | | 3,041,108 | | | | – | | | | – | | | | 3,041,108 | |
| Total | | $ | 130,009,841 | | | $ | – | | | $ | 458,741 | | | $ | 130,468,582 | |
|
Sprott Energy Transition Materials ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 28,240,331 | | | $ | – | | | $ | 7,658 | | | $ | 28,247,989 | |
| Exchange Traded Funds* | | | 276,262 | | | | – | | | | – | | | | 276,262 | |
| Rights and Warrants* | | | – | | | | – | | | | 159 | | | | 159 | |
| Short Term Investments | | | 4,261,973 | | | | – | | | | – | | | | 4,261,973 | |
| Total | | $ | 32,778,566 | | | $ | – | | | $ | 7,817 | | | $ | 32,786,383 | |
Sprott Lithium Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 6,572,278 | | | $ | – | | | $ | 33,289 | | | $ | 6,605,567 | |
| Rights and Warrants* | | | – | | | | – | | | | 418 | | | | 418 | |
| Short Term Investments | | | 1,102,827 | | | | – | | | | – | | | | 1,102,827 | |
| Total | | $ | 7,675,105 | | | $ | – | | | $ | 33,707 | | | $ | 7,708,812 | |
|
Sprott Uranium Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 1,406,773,621 | | | $ | – | | | $ | – | | | $ | 1,406,773,621 | |
| Closed End Fund* | | | 194,722,113 | | | | – | | | | – | | | | 194,722,113 | |
| Short Term Investments | | | 169,671,929 | | | | – | | | | – | | | | 169,671,929 | |
| Total | | $ | 1,771,167,663 | | | $ | – | | | $ | – | | | $ | 1,771,167,663 | |
Sprott Junior Uranium Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 286,411,709 | | | $ | – | | | $ | – | | | $ | 286,411,709 | |
| Short Term Investments | | | 12,323,598 | | | | – | | | | – | | | | 12,323,598 | |
| Total | | $ | 298,735,307 | | | $ | – | | | $ | – | | | $ | 298,735,307 | |
|
Sprott Junior Copper Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 11,356,585 | | | $ | 7,257 | | | $ | – | | | $ | 11,363,842 | |
| Short Term Investments | | | 671,235 | | | | – | | | | – | | | | 671,235 | |
| Total | | $ | 12,027,820 | | | $ | 7,257 | | | $ | – | | | $ | 12,035,077 | |
|
Sprott Nickel Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 11,727,991 | | | $ | – | | | $ | 3,584 | | | $ | 11,731,575 | |
| Short Term Investments | | | 251,813 | | | | – | | | | – | | | | 251,813 | |
| Total | | $ | 11,979,804 | | | $ | – | | | $ | 3,584 | | | $ | 11,983,388 | |
Sprott Copper Miners ETF
| Investments in Securities at Value | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| Common Stocks* | | $ | 28,310,361 | | | $ | – | | | $ | – | | | $ | 28,310,361 | |
| Exchange Traded Funds* | | | 223,233 | | | | – | | | | – | | | | 223,233 | |
| Short Term Investments | | | 1,659,888 | | | | – | | | | – | | | | 1,659,888 | |
| Total | | $ | 30,193,482 | | | $ | – | | | $ | – | | | $ | 30,193,482 | |
|
| * | For a detailed sector breakdown, see the accompanying Schedule of Investments. |
Below is a reconcilliation that details the activity of securities in Level 3 for the period ended September 30, 2024:
Sprott Junior Gold Miners ETF
| | | Common Stock | |
| Balance as of December 31, 2023 | | $ | 542,600 | |
| Realized Gain/Loss | | | - | |
| Change in Unrealized Appreciation/(Depreciation) | | | (83,866 | ) |
| Purchases | | | - | |
| Sales | | | - | |
| Transfers into/(out of) Level 3* | | | 7 | |
| Balance as of September 30, 2024 | | $ | 458,741 | |
Sprott Energy Transition Materials ETF
| | | Common Stock | |
| Balance as of December 31, 2023 | | $ | 0 | |
| Realized Gain/Loss | | | - | |
| Change in Unrealized Appreciation/(Depreciation) | | | 53 | |
| Purchases | | | - | |
| Sales | | | - | |
| Transfers into/(out of) Level 3* | | | 7,764 | ** |
| Balance as of September 30, 2024 | | $ | 7,817 | |
Sprott Lithium Miners ETF
| | | Common Stock | |
| Balance as of December 31, 2023 | | $ | - | |
| Realized Gain/Loss | | | - | |
| Change in Unrealized Appreciation/(Depreciation) | | | - | |
| Purchases | | | - | |
| Sales | | | - | |
| Transfers into/(out of) Level 3* | | | 33,707 | |
| Balance as of September 30, 2024 | | $ | 33,707 | |
Sprott Nickel Miners ETF
| | | Common Stock | |
| Balance as of December 31, 2023 | | $ | 0 | |
| Realized Gain/Loss | | | - | |
| Change in Unrealized Appreciation/(Depreciation) | | | 205 | |
| Purchases | | | - | |
| Sales | | | - | |
| Transfers into/(out of) Level 3* | | | 3,379 | |
| Balance as of September 30, 2024 | | $ | 3,584 | |
| * | The Fund has adopted a policy of recording any transfers of investment securities between the different levels in the fair value hierarchy as of the end of the quarter. |
| ** | Amount includes warrants valued at $0 in the Schedule of Investments . |
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 period ended September 30, 2024, 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,
2024 | | | Purchases | | | Purchases
In-Kind | | | Sales | | | Sales
In-Kind | | | Change in
Unrealized
Gain/(Loss) | | | Realized Gain/(Loss) | | | Market Value
as of
September 30,
2024 | | | Share Balance
as of
September 30,
2024 | |
| Sprott Physical Uranium Trust | | $ | 244,000,771 | | | $ | 5,995,888 | | | $ | 32,940,476 | | | $ | (32,396,058 | ) | | $ | (33,625,685 | ) | | $ | (35,859,701 | ) | | $ | 13,666,422 | | | $ | 194,722,113 | | | | 10,055,438 | |
| Total | | $ | 244,000,771 | | | $ | 5,995,888 | | | $ | 32,940,476 | | | $ | (32,396,058 | ) | | $ | (33,625,685 | ) | | $ | (35,859,701 | ) | | $ | 13,666,422 | | | $ | 194,722,113 | | | | 10,055,438 | |
Subsequent Events
Effective October 1, 2024, the Sprott Energy Transition Materials ETF changed its name to the Sprott Critical Materials ETF. The Fund's underlying index, the Nasdaq Sprott Energy Transition Materials™ Index, also changed its name to the Nasdaq Sprott Critical Materials™ Index. The Fund’s investment objective, the Index’s selection methodology, and both tickers remain the same.
