Holdings of the Fund as of 3/28/2025
Total Number of Holdings (excluding cash): 49
| Agnico Eagle Mines Limited |
AEM |
008474108 |
Materials |
84,884 |
$9,113,146.24 |
9.99% |
| Canadian Natural Resources Ltd. |
CNQ.CN |
136385101 |
Energy |
293,942 |
$8,976,944.97 |
9.84% |
| Freeport-McMoRan Inc. |
FCX |
35671D857 |
Materials |
233,211 |
$8,959,966.62 |
9.82% |
| American Water Works Company, Inc. |
AWK |
030420103 |
Utilities |
39,855 |
$5,828,395.20 |
6.39% |
| Ecopetrol S.A. (ADR) |
EC |
279158109 |
Energy |
400,293 |
$4,090,994.46 |
4.48% |
| Weyerhaeuser Company |
WY |
962166104 |
Real Estate |
133,204 |
$3,910,869.44 |
4.29% |
| Nutrien Ltd. |
NTR |
67077M108 |
Materials |
76,809 |
$3,848,130.90 |
4.22% |
| Kinross Gold Corporation |
KGC |
496902404 |
Materials |
261,382 |
$3,264,661.18 |
3.58% |
| Pentair plc |
PNR |
G7S00T104 |
Industrials |
35,071 |
$3,045,565.64 |
3.34% |
| Zijin Mining Group Co., Ltd. |
2899.HK |
Y9892H107 |
Materials |
1,267,096 |
$2,914,676.56 |
3.19% |
| CF Industries Holdings, Inc. |
CF |
125269100 |
Materials |
35,964 |
$2,783,253.96 |
3.05% |
| ARC Resources Ltd. |
ARX.CN |
00208D408 |
Energy |
125,749 |
$2,513,400.00 |
2.75% |
| Inpex Corporation |
1605.JP |
J2467E101 |
Energy |
179,500 |
$2,508,822.29 |
2.75% |
| Origin Energy Limited |
ORG.AU |
Q71610101 |
Utilities |
365,777 |
$2,434,807.97 |
2.67% |
| Alamos Gold Inc. |
AGI |
011532108 |
Materials |
89,696 |
$2,383,222.72 |
2.61% |
| Essential Utilities, Inc. |
WTRG |
29670G102 |
Utilities |
58,669 |
$2,305,105.01 |
2.53% |
| Coal India Limited |
COAL.IS |
Y1668L107 |
Energy |
486,221 |
$2,251,341.23 |
2.47% |
| Bunge Global S.A. |
BG |
H11356104 |
Consumer Staples |
28,373 |
$2,168,548.39 |
2.38% |
| The Mosaic Company |
MOS |
61945C103 |
Materials |
67,359 |
$1,835,532.75 |
2.01% |
| Aker BP ASA |
AKRBP.NO |
R0139K100 |
Energy |
65,247 |
$1,514,211.08 |
1.66% |
| UFP Industries Inc. |
UFPI |
90278Q108 |
Industrials |
12,720 |
$1,352,263.20 |
1.48% |
| Watts Water Technologies, Inc. |
WTS |
942749102 |
Industrials |
5,771 |
$1,177,168.58 |
1.29% |
| FMC Corporation |
FMC |
302491303 |
Materials |
26,525 |
$1,119,620.25 |
1.23% |
| West Fraser Timber Co. Ltd. |
WFG.CN |
952845105 |
Materials |
10,916 |
$826,075.91 |
0.91% |
| Whitecap Resources Inc. |
WCP.CN |
96467A200 |
Energy |
123,958 |
$805,956.65 |
0.88% |
| Yankuang Energy Group Co., Ltd. (Class H) |
1171.HK |
Y97417102 |
Energy |
676,610 |
$732,918.74 |
0.80% |
| China Molybdenum Co., Ltd. (Class H) |
3993.HK |
Y1503Z105 |
Materials |
771,613 |
$638,692.72 |
0.70% |
| Northern Oil and Gas, Inc. |
NOG |
665531307 |
Energy |
20,612 |
$621,451.80 |
0.68% |
| California Water Service Group |
CWT |
130788102 |
Utilities |
12,631 |
$609,445.75 |
0.67% |
| Perseus Mining Limited |
PRU.AU |
Q74174105 |
Materials |
290,889 |
$602,678.43 |
0.66% |
| Peyto Exploration & Development Corp. |
PEY.CN |
717046106 |
Energy |
41,233 |
$521,207.85 |
0.57% |
| Alliance Resource Partners, L.P. |
ARLP |
01877R108 |
Energy |
18,985 |
$506,140.10 |
0.55% |
| Dundee Precious Metals Inc. |
DPM.CT |
265269209 |
Materials |
36,962 |
$488,128.80 |
0.53% |
| Guangdong Investment Limited |
270.HK |
Y2929L100 |
Utilities |
606,230 |
$458,356.41 |
0.50% |
| Gold Road Resources Limited |
GOR.AU |
Q4202N117 |
Materials |
221,252 |
$401,802.88 |
0.44% |
| US Dollar |
$USD |
|
Other |
397,429 |
$397,428.81 |
0.44% |
| SJW Group |
SJW |
784305104 |
Utilities |
6,599 |
$353,706.40 |
0.39% |
| Tata Chemicals Limited |
TTCH.IS |
Y85478116 |
Materials |
33,449 |
$337,061.39 |
0.37% |
| IGO Limited |
IGO.AU |
Q4875H108 |
Materials |
126,596 |
$329,588.53 |
0.36% |
| Harbour Energy Plc |
HBR.LN |
G4289T111 |
Energy |
110,730 |
$297,752.10 |
0.33% |
| The Andersons, Inc. |
ANDE |
034164103 |
Consumer Staples |
6,893 |
$298,191.18 |
0.33% |
| Aperam S.A. |
APAM.NA |
L0187K107 |
Materials |
8,079 |
$264,807.40 |
0.29% |
| Birchcliff Energy Ltd |
BIR.CN |
090697103 |
Energy |
56,866 |
$264,095.97 |
0.29% |
| Middlesex Water Company |
MSEX |
596680108 |
Utilities |
3,648 |
$231,575.04 |
0.25% |
| GrainCorp Limited |
GNC.AU |
Q42655102 |
Consumer Staples |
43,384 |
$188,119.40 |
0.21% |
| Parex Resources Inc. |
PXT.CN |
69946Q104 |
Energy |
20,494 |
$193,075.03 |
0.21% |
| Adecoagro S.A. |
AGRO |
L00849106 |
Consumer Staples |
16,245 |
$184,543.20 |
0.20% |
| Companhia de Saneamento de Minas Gerais (Copasa MG) |
CSMG3.BZ |
P28269101 |
Utilities |
40,296 |
$142,695.16 |
0.16% |
| Canadian Dollar |
$CAD |
|
Other |
139,049 |
$97,108.34 |
0.11% |
| Gujarat State Fertilizers & Chemicals Limited |
GSFC.IS |
Y2946E139 |
Materials |
48,166 |
$99,182.21 |
0.11% |
| Australian Dollar |
$AUD |
|
Other |
62,788 |
$39,487.52 |
0.04% |
| Guangdong Land Holdings Limited |
124.HK |
G4182K100 |
Real Estate |
207,116 |
$7,170.73 |
0.01% |
| Indian Rupee |
$INR |
|
Other |
599,959 |
$7,019.53 |
0.01% |
| Japanese Yen |
$JPY |
|
Other |
1,001,900 |
$6,685.13 |
0.01% |
| Brazilian Real |
$BRL |
|
Other |
18,085 |
$3,140.20 |
0.00% |
| Euro |
$EUR |
|
Other |
5 |
$5.83 |
0.00% |
| Pound Sterling |
$GBP |
|
Other |
17 |
$22.44 |
0.00% |
| South African Rand |
$ZAR |
|
Other |
4 |
$0.24 |
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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