Holdings of the Fund as of 10/31/2025
Total Number of Holdings (excluding cash): 50
| Agnico Eagle Mines Limited |
AEM |
008474108 |
Materials |
64,488 |
$10,370,315.28 |
10.63% |
| Freeport-McMoRan Inc. |
FCX |
35671D857 |
Materials |
219,596 |
$9,157,153.20 |
9.39% |
| Corteva Inc. |
CTVA |
22052L104 |
Materials |
137,304 |
$8,435,957.76 |
8.65% |
| Nutrien Ltd. |
NTR |
67077M108 |
Materials |
104,504 |
$5,690,242.80 |
5.83% |
| Zijin Mining Group Company Limited (Class H) |
2899.HK |
Y9892H107 |
Materials |
1,202,930 |
$4,990,953.97 |
5.12% |
| American Water Works Company, Inc. |
AWK |
030420103 |
Utilities |
32,345 |
$4,154,068.35 |
4.26% |
| Weyerhaeuser Company |
WY |
962166104 |
Real Estate |
162,254 |
$3,731,842.00 |
3.83% |
| International Paper Company |
IP |
460146103 |
Materials |
96,404 |
$3,725,050.56 |
3.82% |
| Bunge Global S.A. |
BG |
H11356104 |
Consumer Staples |
37,409 |
$3,538,891.40 |
3.63% |
| Origin Energy Limited |
ORG.AU |
Q71610101 |
Utilities |
384,142 |
$3,078,965.35 |
3.16% |
| CF Industries Holdings, Inc. |
CF |
125269100 |
Materials |
36,305 |
$3,023,843.45 |
3.10% |
| PTT Pcl |
PTT.TB |
Y6883U147 |
Energy |
2,950,800 |
$2,806,135.56 |
2.88% |
| Essential Utilities, Inc. |
WTRG |
29670G102 |
Utilities |
63,186 |
$2,466,149.58 |
2.53% |
| United Utilities Group Plc |
UU/.LN |
G92755100 |
Utilities |
150,578 |
$2,374,757.28 |
2.43% |
| Coal India Limited |
COAL.IS |
Y1668L107 |
Energy |
513,019 |
$2,246,070.16 |
2.30% |
| Severn Trent Plc |
SVT.LN |
G8056D159 |
Utilities |
58,803 |
$2,148,305.35 |
2.20% |
| Whitecap Resources Inc. |
WCP.CN |
96467A200 |
Energy |
275,602 |
$2,051,466.71 |
2.10% |
| The Mosaic Company |
MOS |
61945C103 |
Materials |
71,382 |
$1,959,435.90 |
2.01% |
| Aker BP ASA |
AKRBP.NO |
R0139K100 |
Energy |
68,488 |
$1,777,574.51 |
1.82% |
| China Molybdenum Co., Ltd. (Class H) |
3993.HK |
Y1503Z105 |
Materials |
818,987 |
$1,772,765.03 |
1.82% |
| Svenska Cellulosa AB SCA (Class B) |
SCAB.SS |
W90152120 |
Materials |
129,888 |
$1,732,927.37 |
1.78% |
| Lundin Gold Inc. |
LUG.CT |
550371108 |
Materials |
22,142 |
$1,505,286.46 |
1.54% |
| UFP Industries Inc. |
UFPI |
90278Q108 |
Industrials |
13,361 |
$1,230,948.93 |
1.26% |
| Aluminum Corporation of China Limited (Class H) |
2600.HK |
Y0094N109 |
Materials |
833,212 |
$1,059,401.63 |
1.09% |
| Perseus Mining Limited |
PRU.AU |
Q74174105 |
Materials |
302,117 |
$962,677.99 |
0.99% |
| OMV Petrom SA |
SNP.RO |
X7932P106 |
Energy |
3,958,387 |
$846,085.80 |
0.87% |
| Shandong Gold Mining Co., Ltd. (Class H) |
1787.HK |
Y76831125 |
Materials |
200,503 |
$843,755.86 |
0.87% |
| Kunlun Energy Company Limited |
135.HK |
G5320C108 |
Utilities |
860,052 |
$790,261.99 |
0.81% |
| DPM Metals Inc. |
DPM.CT |
26139R109 |
Materials |
36,132 |
$772,849.39 |
0.79% |
| Peyto Exploration & Development Corp. |
PEY.CN |
717046106 |
Energy |
43,780 |
$637,713.69 |
0.65% |
| California Water Service Group |
CWT |
130788102 |
Utilities |
13,358 |
$592,828.04 |
0.61% |
| China Coal Energy Company Limited |
1898.HK |
Y1434L100 |
Energy |
405,327 |
$571,173.21 |
0.59% |
| Mercury NZ Limited |
MCY.NZ |
Q5971Q108 |
Utilities |
153,779 |
$570,239.22 |
0.58% |
| Delek Group Ltd. |
DLEKG.IT |
M27635107 |
Energy |
2,046 |
$537,737.95 |
0.55% |
| Alliance Resource Partners, L.P. |
ARLP |
01877R108 |
Energy |
20,057 |
$490,794.79 |
0.50% |
| Ecopetrol S.A. |
ECOPETL.CB |
P3661P101 |
Energy |
1,067,883 |
$492,315.42 |
0.50% |
| FMC Corporation |
FMC |
302491303 |
Materials |
27,977 |
$424,411.09 |
0.44% |
| US Dollar |
$USD |
|
Other |
406,494 |
$406,494.20 |
0.42% |
| Energean Plc |
ENOG.LN |
G303AF106 |
Energy |
28,784 |
$364,521.98 |
0.37% |
| PT Aneka Tambang Tbk |
ANTM.IJ |
Y7116R158 |
Materials |
1,896,390 |
$352,728.55 |
0.36% |
| H2O America |
HTO |
784305104 |
Utilities |
7,298 |
$337,532.50 |
0.35% |
| The Andersons, Inc. |
ANDE |
034164103 |
Consumer Staples |
7,288 |
$337,507.28 |
0.35% |
| Aperam S.A. |
APAM.NA |
L0187K107 |
Materials |
9,623 |
$335,641.01 |
0.34% |
| Sylvamo Corporation |
SLVM |
871332102 |
Materials |
7,548 |
$306,448.80 |
0.31% |
| PT Alamtri Resources Indonesia Tbk |
ADRO.IJ |
Y7087B109 |
Energy |
2,498,078 |
$282,532.63 |
0.29% |
| GrainCorp Limited |
GNC.AU |
Q42655102 |
Consumer Staples |
46,589 |
$269,776.17 |
0.28% |
| Rengo Co., Ltd. |
3941.JP |
J64382104 |
Materials |
40,000 |
$243,804.71 |
0.25% |
| Select Water Solutions, Inc. (Class A) |
WTTR |
81617J301 |
Energy |
21,135 |
$244,320.60 |
0.25% |
| Middlesex Water Company |
MSEX |
596680108 |
Utilities |
3,892 |
$223,673.24 |
0.23% |
| Sakata Seed Corporation |
1377.JP |
J66704107 |
Consumer Staples |
6,600 |
$169,168.23 |
0.17% |
| Tres Tentos Agroindustrial S.A. |
TTEN3.BZ |
P9368F106 |
Consumer Staples |
25,690 |
$76,449.80 |
0.08% |
| Canadian Dollar |
$CAD |
|
Other |
18,337 |
$13,087.25 |
0.01% |
| Brazilian Real |
$BRL |
|
Other |
0 |
$0.00 |
0.00% |
| Euro |
$EUR |
|
Other |
5 |
$6.26 |
0.00% |
| Indian Rupee |
$INR |
|
Other |
357,325 |
$4,025.24 |
0.00% |
| Pound Sterling |
$GBP |
|
Other |
17 |
$22.84 |
0.00% |
| South African Rand |
$ZAR |
|
Other |
4 |
$0.26 |
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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