Holdings of the Fund as of 12/19/2025
Total Number of Holdings (excluding cash): 50
| Agnico Eagle Mines Limited |
AEM |
008474108 |
Materials |
60,064 |
$10,463,749.44 |
10.25% |
| Freeport-McMoRan Inc. |
FCX |
35671D857 |
Materials |
212,209 |
$10,430,072.35 |
10.22% |
| Corteva Inc. |
CTVA |
22052L104 |
Materials |
146,234 |
$9,696,776.54 |
9.50% |
| Nutrien Ltd. |
NTR |
67077M108 |
Materials |
104,684 |
$6,519,719.52 |
6.39% |
| Zijin Mining Group Company Limited (Class H) |
2899.HK |
Y9892H107 |
Materials |
1,056,930 |
$4,597,390.77 |
4.50% |
| American Water Works Company, Inc. |
AWK |
030420103 |
Utilities |
34,808 |
$4,533,742.00 |
4.44% |
| International Paper Company |
IP |
460146103 |
Materials |
114,532 |
$4,379,703.68 |
4.29% |
| Weyerhaeuser Company |
WY |
962166104 |
Real Estate |
161,607 |
$3,794,532.36 |
3.72% |
| Bunge Global S.A. |
BG |
H11356104 |
Consumer Staples |
36,012 |
$3,294,017.64 |
3.23% |
| PTT Pcl |
PTT.TB |
Y6883U147 |
Energy |
2,853,000 |
$2,856,908.04 |
2.80% |
| Origin Energy Limited |
ORG.AU |
Q71610101 |
Utilities |
384,640 |
$2,826,789.42 |
2.77% |
| CF Industries Holdings, Inc. |
CF |
125269100 |
Materials |
34,831 |
$2,741,199.70 |
2.68% |
| Essential Utilities, Inc. |
WTRG |
29670G102 |
Utilities |
63,563 |
$2,410,944.59 |
2.36% |
| United Utilities Group Plc |
UU/.LN |
G92755100 |
Utilities |
150,711 |
$2,381,939.05 |
2.33% |
| Coal India Limited |
COAL.IS |
Y1668L107 |
Energy |
510,269 |
$2,207,665.11 |
2.16% |
| Whitecap Resources Inc. |
WCP.CN |
96467A200 |
Energy |
271,295 |
$2,188,132.63 |
2.14% |
| Severn Trent Plc |
SVT.LN |
G8056D159 |
Utilities |
58,755 |
$2,153,367.91 |
2.11% |
| China Molybdenum Co., Ltd. (Class H) |
3993.HK |
Y1503Z105 |
Materials |
815,987 |
$1,975,968.50 |
1.94% |
| Lundin Gold Inc. |
LUG.CT |
550371108 |
Materials |
22,287 |
$1,836,160.18 |
1.80% |
| The Mosaic Company |
MOS |
61945C103 |
Materials |
71,180 |
$1,694,084.00 |
1.66% |
| Svenska Cellulosa AB SCA (Class B) |
SCAB.SS |
W90152120 |
Materials |
129,500 |
$1,686,703.41 |
1.65% |
| Aker BP ASA |
AKRBP.NO |
R0139K100 |
Energy |
68,870 |
$1,662,055.82 |
1.63% |
| DPM Metals Inc. |
DPM.CT |
26139R109 |
Materials |
48,332 |
$1,503,249.84 |
1.47% |
| Aluminum Corporation of China Limited (Class H) |
2600.HK |
Y0094N109 |
Materials |
831,212 |
$1,215,161.28 |
1.19% |
| UFP Industries Inc. |
UFPI |
90278Q108 |
Industrials |
12,836 |
$1,196,571.92 |
1.17% |
| Perseus Mining Limited |
PRU.AU |
Q74174105 |
Materials |
302,979 |
$1,110,804.75 |
1.09% |
| Shandong Gold Mining Co., Ltd. (Class H) |
1787.HK |
Y76831125 |
Materials |
203,003 |
$893,708.53 |
0.88% |
| OMV Petrom SA |
SNP.RO |
X7932P106 |
Energy |
3,947,843 |
$892,422.97 |
0.87% |
| Kunlun Energy Company Limited |
135.HK |
G5320C108 |
Utilities |
856,052 |
$815,566.34 |
0.80% |
| Peyto Exploration & Development Corp. |
PEY.CN |
717046106 |
Energy |
44,205 |
$710,509.05 |
0.70% |
| California Water Service Group |
CWT |
130788102 |
Utilities |
13,319 |
$571,118.72 |
0.56% |
| Mercury NZ Limited |
MCY.NZ |
Q5971Q108 |
Utilities |
157,034 |
$570,291.95 |
0.56% |
| China Coal Energy Company Limited |
1898.HK |
Y1434L100 |
Energy |
412,327 |
$548,923.22 |
0.54% |
| Delek Group Ltd. |
DLEKG.IT |
M27635107 |
Energy |
2,046 |
$540,768.29 |
0.53% |
| Ecopetrol S.A. |
ECOPETL.CB |
P3661P101 |
Energy |
1,045,099 |
$483,285.12 |
0.47% |
| Alliance Resource Partners, L.P. |
ARLP |
01877R108 |
Energy |
19,990 |
$465,767.00 |
0.46% |
| Aperam S.A. |
APAM.NA |
L0187K107 |
Materials |
9,625 |
$384,307.30 |
0.38% |
| The Andersons, Inc. |
ANDE |
034164103 |
Consumer Staples |
7,188 |
$387,433.20 |
0.38% |
| US Dollar |
$USD |
|
Other |
391,859 |
$391,858.97 |
0.38% |
| FMC Corporation |
FMC |
302491303 |
Materials |
27,896 |
$371,574.72 |
0.36% |
| H2O America |
HTO |
784305104 |
Utilities |
7,430 |
$363,698.50 |
0.36% |
| Sylvamo Corporation |
SLVM |
871332102 |
Materials |
7,327 |
$364,811.33 |
0.36% |
| PT Aneka Tambang Tbk |
ANTM.IJ |
Y7116R158 |
Materials |
1,893,871 |
$348,749.10 |
0.34% |
| Energean Plc |
ENOG.LN |
G303AF106 |
Energy |
28,320 |
$331,656.58 |
0.32% |
| Rengo Co., Ltd. |
3941.JP |
J64382104 |
Materials |
40,200 |
$301,692.18 |
0.30% |
| PT Alamtri Resources Indonesia Tbk |
ADRO.IJ |
Y7087B109 |
Energy |
2,439,537 |
$278,427.90 |
0.27% |
| Select Water Solutions, Inc. (Class A) |
WTTR |
81617J301 |
Energy |
21,010 |
$220,605.00 |
0.22% |
| GrainCorp Limited |
GNC.AU |
Q42655102 |
Consumer Staples |
46,733 |
$217,894.43 |
0.21% |
| Middlesex Water Company |
MSEX |
596680108 |
Utilities |
3,951 |
$204,266.70 |
0.20% |
| Sakata Seed Corporation |
1377.JP |
J66704107 |
Consumer Staples |
6,400 |
$171,037.88 |
0.17% |
| Thai Baht |
$THB |
|
Other |
3,047,515 |
$96,971.24 |
0.09% |
| Pound Sterling |
$GBP |
|
Other |
56,567 |
$75,658.67 |
0.07% |
| Tres Tentos Agroindustrial S.A. |
TTEN3.BZ |
P9368F106 |
Consumer Staples |
25,639 |
$75,843.59 |
0.07% |
| Colombian Peso |
$COP |
|
Other |
39,432,988 |
$10,308.90 |
0.01% |
| Indian Rupee |
$INR |
|
Other |
1,336,964 |
$14,972.66 |
0.01% |
| Rupiah |
$IDR |
|
Other |
114,484,519 |
$6,834.90 |
0.01% |
| Brazilian Real |
$BRL |
|
Other |
0 |
$0.00 |
0.00% |
| Euro |
$EUR |
|
Other |
5 |
$6.36 |
0.00% |
| Hong Kong Dollar |
$HKD |
|
Other |
0 |
$0.00 |
0.00% |
| South African Rand |
$ZAR |
|
Other |
4 |
$0.26 |
0.00% |
| Canadian Dollar |
$CAD |
|
Other |
-501,042 |
($363,021.39) |
-0.36% |
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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