Holdings of the Fund as of 10/31/2025
Total Number of Holdings (excluding cash): 37
| Alcoa Corporation |
AA |
013872106 |
Industrial Metals and Mining |
308,445 |
$11,347,691.55 |
5.47% |
| The Timken Company |
TKR |
887389104 |
Industrial Metals and Mining |
134,939 |
$10,594,060.89 |
5.10% |
| AngloGold Ashanti Plc |
AU |
G0378L100 |
Precious Metals and Mining |
144,245 |
$9,808,660.00 |
4.73% |
| Newmont Corporation |
NEM |
651639106 |
Precious Metals and Mining |
120,327 |
$9,742,877.19 |
4.69% |
| Eastman Chemical Company |
EMN |
277432100 |
Chemicals |
160,900 |
$9,576,768.00 |
4.61% |
| CF Industries Holdings, Inc. |
CF |
125269100 |
Chemicals |
113,096 |
$9,419,765.84 |
4.54% |
| Steel Dynamics, Inc. |
STLD |
858119100 |
Industrial Metals and Mining |
58,207 |
$9,126,857.60 |
4.40% |
| Nucor Corporation |
NUE |
670346105 |
Industrial Metals and Mining |
59,926 |
$8,991,896.30 |
4.33% |
| Mueller Industries, Inc. |
MLI |
624756102 |
Industrial Metals and Mining |
80,267 |
$8,497,867.29 |
4.09% |
| Reliance Inc. |
RS |
759509102 |
Industrial Metals and Mining |
28,899 |
$8,161,944.57 |
3.93% |
| The Mosaic Company |
MOS |
61945C103 |
Chemicals |
292,524 |
$8,029,783.80 |
3.87% |
| NewMarket Corporation |
NEU |
651587107 |
Chemicals |
9,799 |
$7,524,652.10 |
3.63% |
| Westlake Corporation |
WLK |
960413102 |
Chemicals |
105,318 |
$7,246,931.58 |
3.49% |
| Carpenter Technology Corporation |
CRS |
144285103 |
Industrial Metals and Mining |
21,691 |
$6,852,186.90 |
3.30% |
| Olin Corporation |
OLN |
680665205 |
Chemicals |
324,762 |
$6,722,573.40 |
3.24% |
| Avery Dennison Corporation |
AVY |
053611109 |
Industrial Materials |
32,842 |
$5,743,737.38 |
2.77% |
| Freeport-McMoRan Inc. |
FCX |
35671D857 |
Industrial Metals and Mining |
135,798 |
$5,662,776.60 |
2.73% |
| Element Solutions Inc |
ESI |
28618M106 |
Chemicals |
211,601 |
$5,653,978.72 |
2.72% |
| LyondellBasell Industries N.V. |
LYB |
N53745100 |
Chemicals |
108,605 |
$5,041,444.10 |
2.43% |
| Royal Gold, Inc. |
RGLD |
780287108 |
Precious Metals and Mining |
26,553 |
$4,641,198.87 |
2.24% |
| Southern Copper Corporation |
SCCO |
84265V105 |
Industrial Metals and Mining |
33,437 |
$4,641,055.60 |
2.24% |
| Fastenal Company |
FAST |
311900104 |
Industrial Metals and Mining |
108,605 |
$4,469,095.75 |
2.15% |
| RBC Bearings Incorporated |
RBC |
75524B104 |
Industrial Metals and Mining |
10,397 |
$4,455,426.41 |
2.15% |
| International Flavors & Fragrances Inc. |
IFF |
459506101 |
Chemicals |
65,939 |
$4,152,178.83 |
2.00% |
| Ecolab Inc. |
ECL |
278865100 |
Chemicals |
14,817 |
$3,799,078.80 |
1.83% |
| Air Products and Chemicals, Inc. |
APD |
009158106 |
Chemicals |
14,879 |
$3,609,496.61 |
1.74% |
| Linde Plc |
LIN |
G54950103 |
Chemicals |
8,543 |
$3,573,536.90 |
1.72% |
| International Paper Company |
IP |
460146103 |
Industrial Materials |
87,455 |
$3,379,261.20 |
1.63% |
| FMC Corporation |
FMC |
302491303 |
Chemicals |
158,370 |
$2,402,472.90 |
1.16% |
| Albemarle Corporation |
ALB |
012653101 |
Chemicals |
21,896 |
$2,150,844.08 |
1.04% |
| Hexcel Corporation |
HXL |
428291108 |
Industrial Materials |
28,315 |
$2,021,691.00 |
0.97% |
| Ashland Inc. |
ASH |
044186104 |
Chemicals |
37,055 |
$1,811,989.50 |
0.87% |
| Cleveland-Cliffs Inc. |
CLF |
185899101 |
Industrial Metals and Mining |
145,519 |
$1,808,801.17 |
0.87% |
| MP Materials Corp. |
MP |
553368101 |
Industrial Metals and Mining |
26,470 |
$1,669,992.30 |
0.80% |
| The Scotts Miracle-Gro Company |
SMG |
810186106 |
Chemicals |
31,173 |
$1,668,378.96 |
0.80% |
| Huntsman Corporation |
HUN |
447011107 |
Chemicals |
197,698 |
$1,636,939.44 |
0.79% |
| Celanese Corporation |
CE |
150870103 |
Chemicals |
42,189 |
$1,621,745.16 |
0.78% |
| US Dollar |
$USD |
|
Other |
265,745 |
$265,744.62 |
0.13% |
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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