Holdings of the Fund as of 5/11/2026
Total Number of Holdings (excluding cash): 46
| BHP Group Limited |
BHP.AU |
Q1498M100 |
Metals & Mining |
55,878 |
$2,362,712.80 |
8.23% |
| Glencore Plc |
GLEN.LN |
G39420107 |
Metals & Mining |
286,258 |
$2,244,686.54 |
7.82% |
| Freeport-McMoRan Inc. |
FCX |
35671D857 |
Metals & Mining |
32,391 |
$2,085,008.67 |
7.26% |
| Anglo American Plc |
AAL.LN |
G03764142 |
Metals & Mining |
34,237 |
$1,865,014.02 |
6.49% |
| Cameco Corporation |
CCJ |
13321L108 |
Oil, Gas & Consumable Fuels |
13,965 |
$1,677,755.10 |
5.84% |
| Sumitomo Corporation |
8053.JP |
J77282119 |
Trading Companies & Distributors |
30,899 |
$1,415,995.42 |
4.93% |
| Barrick Mining Corporation |
B |
06849F108 |
Metals & Mining |
28,535 |
$1,341,145.00 |
4.67% |
| Wheaton Precious Metals Corp. |
WPM |
962879102 |
Metals & Mining |
8,593 |
$1,235,673.40 |
4.30% |
| Newmont Corporation |
NEM |
651639106 |
Metals & Mining |
10,173 |
$1,227,575.91 |
4.27% |
| AngloGold Ashanti plc |
AU |
G0378L100 |
Metals & Mining |
11,154 |
$1,208,424.36 |
4.21% |
| Grupo Mexico, S.A.B. de C.V. (Class B) |
GMEXICOB.MM |
P49538112 |
Metals & Mining |
100,370 |
$1,203,646.27 |
4.19% |
| Teck Resources Limited (Class B) |
TECK |
878742204 |
Metals & Mining |
15,005 |
$979,676.45 |
3.41% |
| Valterra Platinum Limited |
VALT.LN |
S9122P108 |
Metals & Mining |
8,490 |
$770,031.20 |
2.68% |
| JX Advanced Metals Corporation |
5016.JP |
J2969E104 |
Metals & Mining |
17,099 |
$621,999.31 |
2.17% |
| NAC Kazatomprom JSC (GDR) |
KAP.LI |
63253R201 |
Oil, Gas & Consumable Fuels |
7,330 |
$588,599.00 |
2.05% |
| Mitsui Kinzoku Company, Ltd. |
5706.JP |
J44948131 |
Metals & Mining |
1,799 |
$586,338.18 |
2.04% |
| Antofagasta Plc |
ANTO.LN |
G0398N128 |
Metals & Mining |
10,237 |
$563,501.95 |
1.96% |
| Alcoa Corporation |
AA |
013872106 |
Metals & Mining |
8,446 |
$551,861.64 |
1.92% |
| Boliden AB |
BOL.SS |
W17218210 |
Metals & Mining |
8,710 |
$500,382.10 |
1.74% |
| Southern Copper Corporation |
SCCO |
84265V105 |
Metals & Mining |
2,703 |
$500,676.69 |
1.74% |
| Hindalco Industries Limited |
HNDL.IS |
Y3196V185 |
Metals & Mining |
45,568 |
$489,325.62 |
1.70% |
| Sumitomo Metal Mining Co., Ltd. |
5713.JP |
J77712180 |
Metals & Mining |
7,499 |
$484,291.01 |
1.69% |
| Norsk Hydro ASA |
NHY.NO |
R61115102 |
Metals & Mining |
41,319 |
$472,495.99 |
1.65% |
| South32 Limited |
S32.AU |
Q86668102 |
Metals & Mining |
143,461 |
$436,778.47 |
1.52% |
| KGHM Polska Miedz S.A. |
KGH.PW |
X45213109 |
Metals & Mining |
4,383 |
$434,209.30 |
1.51% |
| Sociedad Quimica y Minera de Chile S.A. (ADR) |
SQM |
833635105 |
Chemicals |
4,573 |
$427,209.66 |
1.49% |
| Sibanye Stillwater Ltd. (ADR) |
SBSW |
82575P107 |
Metals & Mining |
22,761 |
$314,784.63 |
1.10% |
| Compania de Minas Buenaventura S.A.A. (ADR) |
BVN |
204448104 |
Metals & Mining |
8,159 |
$308,002.25 |
1.07% |
| OceanaGold Corporation |
OGC.CT |
675222400 |
Metals & Mining |
7,190 |
$235,067.29 |
0.82% |
| SSR Mining Inc. |
SSRM |
784730103 |
Metals & Mining |
6,453 |
$224,177.22 |
0.78% |
| Vedanta Aluminium Metal Ltd |
2311004D.IS |
|
Other |
52,262 |
$223,386.64 |
0.78% |
| Capstone Copper Corp. |
CS.CN |
14071L108 |
Metals & Mining |
20,930 |
$197,693.89 |
0.69% |
| Energy Fuels Inc. |
UUUU |
292671708 |
Oil, Gas & Consumable Fuels |
7,622 |
$167,988.88 |
0.58% |
| USA Rare Earth, Inc. (Class A) |
USAR |
91733P107 |
Metals & Mining |
6,364 |
$167,373.20 |
0.58% |
| Vedanta Limited |
VEDL.IS |
Y9364D105 |
Metals & Mining |
52,262 |
$163,619.47 |
0.57% |
| Centerra Gold Inc. |
CG.CN |
152006102 |
Metals & Mining |
6,375 |
$119,311.33 |
0.42% |
| Iluka Resources Limited |
ILU.AU |
Q4875J104 |
Metals & Mining |
13,652 |
$84,613.68 |
0.29% |
| US Dollar |
$USD |
|
Other |
54,708 |
$54,708.36 |
0.19% |
| Elkem ASA |
ELK.NO |
R2R86R113 |
Chemicals |
8,535 |
$26,088.75 |
0.09% |
| Eramet |
ERA.FP |
F3145H130 |
Metals & Mining |
288 |
$20,349.05 |
0.07% |
| Japanese Yen |
$JPY |
|
Other |
3,095,579 |
$19,689.47 |
0.07% |
| Malco Energy Limited |
7172841Z.IS |
Y5S07Z115 |
Other |
52,262 |
$19,185.81 |
0.07% |
| Nexa Resources SA |
NEXA |
L67359106 |
Metals & Mining |
1,429 |
$19,019.99 |
0.07% |
| Talwandi Sabo Power Ltd |
0808421D.IS |
|
Other |
52,262 |
$20,101.51 |
0.07% |
| Ferroglobe Plc |
GSM |
G33856108 |
Metals & Mining |
3,768 |
$15,072.00 |
0.05% |
| Intrepid Potash, Inc. |
IPI |
46121Y201 |
Chemicals |
347 |
$15,181.25 |
0.05% |
| enCore Energy Corp. |
EU |
29259W700 |
Oil, Gas & Consumable Fuels |
6,093 |
$10,175.31 |
0.04% |
| Norwegian Krone |
$NOK |
|
Other |
92,988 |
$10,126.03 |
0.04% |
| Vedanta Iron And Steel Ltd |
2311203D.IS |
|
Other |
52,262 |
$8,674.46 |
0.03% |
| Zloty |
$PLN |
|
Other |
6 |
$1.58 |
0.00% |
Holdings are subject to change.
The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.
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