Holdings of the Fund as of 12/17/2025
Total Number of Holdings (excluding cash): 37
| Alcoa Corporation |
AA |
013872106 |
Industrial Metals and Mining |
289,869 |
$13,577,463.96 |
6.51% |
| AngloGold Ashanti Plc |
AU |
G0378L100 |
Precious Metals and Mining |
136,766 |
$11,562,197.64 |
5.54% |
| Newmont Corporation |
NEM |
651639106 |
Precious Metals and Mining |
113,080 |
$11,245,806.00 |
5.39% |
| The Timken Company |
TKR |
887389104 |
Industrial Metals and Mining |
126,813 |
$10,670,045.82 |
5.12% |
| Eastman Chemical Company |
EMN |
277432100 |
Chemicals |
151,210 |
$9,666,855.30 |
4.63% |
| Steel Dynamics, Inc. |
STLD |
858119100 |
Industrial Metals and Mining |
54,702 |
$9,449,223.48 |
4.53% |
| Nucor Corporation |
NUE |
670346105 |
Industrial Metals and Mining |
56,317 |
$9,049,578.73 |
4.34% |
| Mueller Industries, Inc. |
MLI |
624756102 |
Industrial Metals and Mining |
75,433 |
$8,493,755.80 |
4.07% |
| CF Industries Holdings, Inc. |
CF |
125269100 |
Chemicals |
106,285 |
$8,397,577.85 |
4.03% |
| Reliance Inc. |
RS |
759509102 |
Industrial Metals and Mining |
27,159 |
$8,085,505.89 |
3.88% |
| Westlake Corporation |
WLK |
960413102 |
Chemicals |
98,975 |
$7,322,170.50 |
3.51% |
| NewMarket Corporation |
NEU |
651587107 |
Chemicals |
9,209 |
$6,639,781.09 |
3.18% |
| The Mosaic Company |
MOS |
61945C103 |
Chemicals |
274,908 |
$6,606,039.24 |
3.17% |
| Carpenter Technology Corporation |
CRS |
144285103 |
Industrial Metals and Mining |
20,385 |
$6,450,833.25 |
3.09% |
| Olin Corporation |
OLN |
680665205 |
Chemicals |
305,204 |
$6,198,693.24 |
2.97% |
| Freeport-McMoRan Inc. |
FCX |
35671D857 |
Industrial Metals and Mining |
127,620 |
$6,102,788.40 |
2.93% |
| Avery Dennison Corporation |
AVY |
053611109 |
Industrial Materials |
30,864 |
$5,674,655.04 |
2.72% |
| Royal Gold, Inc. |
RGLD |
780287108 |
Precious Metals and Mining |
24,954 |
$5,547,024.66 |
2.66% |
| Element Solutions Inc |
ESI |
28618M106 |
Chemicals |
198,857 |
$5,048,979.23 |
2.42% |
| Southern Copper Corporation |
SCCO |
84265V105 |
Industrial Metals and Mining |
31,690 |
$4,482,550.50 |
2.15% |
| LyondellBasell Industries N.V. |
LYB |
N53745100 |
Chemicals |
102,064 |
$4,466,320.64 |
2.14% |
| RBC Bearings Incorporated |
RBC |
75524B104 |
Industrial Metals and Mining |
9,771 |
$4,347,997.29 |
2.08% |
| Fastenal Company |
FAST |
311900104 |
Industrial Metals and Mining |
102,064 |
$4,273,419.68 |
2.05% |
| International Flavors & Fragrances Inc. |
IFF |
459506101 |
Chemicals |
61,968 |
$4,066,340.16 |
1.95% |
| Ecolab Inc. |
ECL |
278865100 |
Chemicals |
13,925 |
$3,646,818.25 |
1.75% |
| Air Products and Chemicals, Inc. |
APD |
009158106 |
Chemicals |
13,983 |
$3,445,131.54 |
1.65% |
| Linde Plc |
LIN |
G54950103 |
Chemicals |
8,028 |
$3,390,545.52 |
1.63% |
| International Paper Company |
IP |
460146103 |
Industrial Materials |
82,188 |
$3,179,853.72 |
1.52% |
| Albemarle Corporation |
ALB |
012653101 |
Chemicals |
20,577 |
$2,771,927.67 |
1.33% |
| Ashland Inc. |
ASH |
044186104 |
Chemicals |
34,824 |
$2,081,430.48 |
1.00% |
| FMC Corporation |
FMC |
302491303 |
Chemicals |
148,833 |
$2,050,918.74 |
0.98% |
| Hexcel Corporation |
HXL |
428291108 |
Industrial Materials |
26,609 |
$1,933,409.94 |
0.93% |
| Huntsman Corporation |
HUN |
447011107 |
Chemicals |
185,792 |
$1,872,783.36 |
0.90% |
| Cleveland-Cliffs Inc. |
CLF |
185899101 |
Industrial Metals and Mining |
136,755 |
$1,768,242.15 |
0.85% |
| The Scotts Miracle-Gro Company |
SMG |
810186106 |
Chemicals |
29,296 |
$1,720,847.04 |
0.83% |
| Celanese Corporation |
CE |
150870103 |
Chemicals |
39,649 |
$1,648,208.93 |
0.79% |
| MP Materials Corp. |
MP |
553368101 |
Industrial Metals and Mining |
24,876 |
$1,294,298.28 |
0.62% |
| US Dollar |
$USD |
|
Other |
346,433 |
$346,433.17 |
0.17% |
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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