# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001410368-25-017852
**Filing Date:** 2025-10
**Character Count:** 87258
**Document Hash:** d3c736a9b2555758bdbccb527adbd3f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-017852.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-017852

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares, Inc.
- **CENTRAL INDEX KEY:** 0000930667

**ORGANIZATION NAME:**
- **EIN:** 510396525
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 251418931

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** iSHARES INC
- **DATE OF NAME CHANGE:** 20070126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES INC
- **DATE OF NAME CHANGE:** 20000516

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WEBS INDEX FUND INC
- **DATE OF NAME CHANGE:** 19970211

## Series and Classes Contracts Data

### iShares MSCI Global Metals & Mining Producers ETF (Series ID: S000035885)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000109988 | iShares MSCI Global Metals & Mining Producers ETF | PICK            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** iShares, Inc.

- **b. Investment Company Act file number:** 811-09102

- **c. CIK number of Registrant:** 0000930667

- **d. LEI of Registrant:** 549300MGJZCNMJLBAJ67

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 HOWARD STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares MSCI Global Metals & Mining Producers ETF

- **b. EDGAR series identifier (if any):** S000035885

- **c. LEI of Series:** 549300P22YCPXTDJWG70

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $853213734.58

**Total Liabilities:** $32275707.54

**Net Assets:** $820938027.04

**Cash Not Reported:** $686928.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109988 | 5.33%                | 1.13%                | 7.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-397988.91              | $34369414.41                               |
| Month 2  | $15431.19                | $8071914.62                                |
| Month 3  | $-3334435.23             | $57368062.79                               |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Gravita India Ltd                                      | Gravita India Ltd                                      | CUSIP: 000000000<br>LEI: 335800PL6PSIRCLKWV57 | Long             | EC               | CORP              | IN        |     25290 | NS      | $464895.23    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Steel Corp                                       | China Steel Corp                                       | CUSIP: 000000000<br>LEI: 529900D3N7UIJMVJ9120 | Long             | EC               | CORP              | TW        |   8985612 | NS      | $5892634.40   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Mining Co                                | Saudi Arabian Mining Co                                | CUSIP: 000000000<br>LEI: 254900R4HAVLB4GY9713 | Long             | EC               | CORP              | SA        |   1036366 | NS      | $14360546.54  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Ferro Ligas da Bahia FERBASA                    | Cia de Ferro Ligas da Bahia FERBASA                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |    117485 | NS      | $139547.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jindal Stainless Ltd                                   | Jindal Stainless Ltd                                   | CUSIP: 000000000<br>LEI: 3358003QFQMSFDO7BP20 | Long             | EC               | CORP              | IN        |    252228 | NS      | $2183678.07   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Taseko Mines Ltd                                       | Taseko Mines Ltd                                       | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |    243314 | NS      | $793713.71    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                              | Carpenter Technology Corp                              | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     37904 | NS      | $9130315.52   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jinchuan Group International Resources Co Ltd          | Jinchuan Group International Resources Co Ltd          | CUSIP: 000000000<br>LEI: 254900RWLOXOMORJEB03 | Long             | EC               | CORP              | KY        |   2398000 | NS      | $177185.30    | 0.02%             |  |  |  | No            |                  3 | On Loan: —       |
| Tung Ho Steel Enterprise Corp                          | Tung Ho Steel Enterprise Corp                          | CUSIP: 000000000<br>LEI: 5299003755GCQVWX5K49 | Long             | EC               | CORP              | TW        |    367700 | NS      | $762492.02    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ratnamani Metals & Tubes Ltd                           | Ratnamani Metals & Tubes Ltd                           | CUSIP: 000000000<br>LEI: 335800814OWZ2ALCNM51 | Long             | EC               | CORP              | IN        |     21372 | NS      | $579095.82    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Materials Corp                              | Mitsubishi Materials Corp                              | CUSIP: 000000000<br>LEI: 35380076QOBOSOUBRT89 | Long             | EC               | CORP              | JP        |     96000 | NS      | $1644738.13   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mechel PJSC                                            | Mechel PJSC                                            | CUSIP: 000000000<br>LEI: 253400C9GSPBSKERRP65 | Long             | EP               | CORP              | RU        |     96000 | NS      | $11.94        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Boliden AB                                             | Boliden AB                                             | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |    216420 | NS      | $7459553.70   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                 | Grupo Mexico SAB de CV                                 | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |   2371112 | NS      | $15543173.04  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MOIL Ltd                                               | MOIL Ltd                                               | CUSIP: 000000000<br>LEI: 335800KIMZB1TBYBFI12 | Long             | EC               | CORP              | IN        |     47408 | NS      | $177803.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Acerinox SA                                            | Acerinox SA                                            | CUSIP: 000000000<br>LEI: 95980020140005582721 | Long             | EC               | CORP              | ES        |    143144 | NS      | $1766078.92   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Zamil Industrial Investment Co                         | Zamil Industrial Investment Co                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     22386 | NS      | $210891.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sims Ltd                                               | Sims Ltd                                               | CUSIP: 000000000<br>LEI: 5493002YM7ZHVDMFC916 | Long             | EC               | CORP              | AU        |    126148 | NS      | $1170871.12   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NGEx Minerals Ltd                                      | NGEx Minerals Ltd                                      | CUSIP: 65343P103<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |    103180 | NS      | $1588251.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigma Lithium Corp                                     | Sigma Lithium Corp                                     | CUSIP: 826599102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     45030 | NS      | $302151.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindalco Industries Ltd                                | Hindalco Industries Ltd                                | CUSIP: 000000000<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |   1026672 | NS      | $8204512.20   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                             | Aluminum Corp of China Ltd                             | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |    592465 | NS      | $651707.42    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Metallus Inc                                           | Metallus Inc                                           | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     29625 | NS      | $486738.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alrosa PJSC                                            | Alrosa PJSC                                            | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |   2886002 | NS      | $358.96       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Maruichi Steel Tube Ltd                                | Maruichi Steel Tube Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     44700 | NS      | $1151353.44   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Electric Inc / US                              | Ivanhoe Electric Inc / US                              | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65378 | NS      | $583171.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Novolipetsk Steel PJSC                                 | Novolipetsk Steel PJSC                                 | CUSIP: 000000000<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |     11120 | NS      | $1.38         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| IGO Ltd                                                | IGO Ltd                                                | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |    517865 | NS      | $1762988.22   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shougang Fushan Resources Group Ltd                    | Shougang Fushan Resources Group Ltd                    | CUSIP: 000000000<br>LEI: 529900OPUNJYLOX4OL37 | Long             | EC               | CORP              | HK        |   1580000 | NS      | $559010.91    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Deterra Royalties Ltd                                  | Deterra Royalties Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    321135 | NS      | $878772.11    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel Ltd                                       | Jindal Steel Ltd                                       | CUSIP: 000000000<br>LEI: 335800UIKQBF6QO2NP15 | Long             | EC               | CORP              | IN        |    271856 | NS      | $2916355.58   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| CAP SA                                                 | CAP SA                                                 | CUSIP: 000000000<br>LEI: 54930079GPG23NTBB003 | Long             | EC               | CORP              | CL        |     50211 | NS      | $269948.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wanguo Gold Group Ltd                                  | Wanguo Gold Group Ltd                                  | CUSIP: 000000000<br>LEI: 984500A4815DA9DE4623 | Long             | EC               | CORP              | KY        |    204000 | NS      | $796074.84    | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| Henan Shenhuo Coal Industry & Electricity Power Co Ltd | Henan Shenhuo Coal Industry & Electricity Power Co Ltd | CUSIP: 000000000<br>LEI: 300300GF8XK44CSHXV64 | Long             | EC               | CORP              | CN        |    101200 | NS      | $274392.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bekaert SA                                             | Bekaert SA                                             | CUSIP: 000000000<br>LEI: 5493008SR6XZECH6BN71 | Long             | EC               | CORP              | BE        |     26084 | NS      | $1172149.67   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Alleima AB                                             | Alleima AB                                             | CUSIP: 000000000<br>LEI: 529900EBHTYGLA6PGP77 | Long             | EC               | CORP              | SE        |    144238 | NS      | $1066022.97   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Steel Pipe Co                                    | Saudi Steel Pipe Co                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     15834 | NS      | $208849.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                   | Southern Copper Corp                                   | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     68028 | NS      | $6536791.30   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd                                          | Rio Tinto Ltd                                          | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |    282657 | NS      | $21351077.06  | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Poongsan Corp                                          | Poongsan Corp                                          | CUSIP: 000000000<br>LEI: 2549007P08ZD5QJS1369 | Long             | EC               | CORP              | KR        |     12949 | NS      | $1102592.02   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Steel Manufacturing Co Ltd                       | Tokyo Steel Manufacturing Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40900 | NS      | $460076.97    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Light Metal Holdings Co Ltd                     | Nippon Light Metal Holdings Co Ltd                     | CUSIP: 000000000<br>LEI: 353800J9KCFJSF2CGT47 | Long             | EC               | CORP              | JP        |     42440 | NS      | $590708.85    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SeAH Besteel Holdings Corp                             | SeAH Besteel Holdings Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9993 | NS      | $199324.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                           | Sumitomo Metal Mining Co Ltd                           | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |    187900 | NS      | $5084552.27   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES         | BlackRock Cash Funds: Treasury, SL Agency Shares       | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    790000 | NS      | $790000.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Imdex Ltd                                              | Imdex Ltd                                              | CUSIP: 000000000<br>LEI: 529900H31NX5KRKXB865 | Long             | EC               | CORP              | AU        |    390260 | NS      | $769549.05    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mishra Dhatu Nigam Ltd                                 | Mishra Dhatu Nigam Ltd                                 | CUSIP: 000000000<br>LEI: 335800G1ZDM8GIT6DS63 | Long             | EC               | CORP              | IN        |     33435 | NS      | $137107.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TA Chen Stainless Pipe                                 | TA Chen Stainless Pipe                                 | CUSIP: 000000000<br>LEI: 254900953CKYO1W5WB63 | Long             | EC               | CORP              | TW        |   1453721 | NS      | $1845731.05   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Leo Lithium Ltd                                        | Leo Lithium Ltd                                        | CUSIP: 000000000<br>LEI: 984500LD0A57A68EZ677 | Long             | EC               | CORP              | AU        |   1454959 | NS      | $190249.10    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Vedanta Ltd                                            | Vedanta Ltd                                            | CUSIP: 000000000<br>LEI: 335800XDKX9KB5EMCO07 | Long             | EC               | CORP              | IN        |   1041463 | NS      | $4971663.40   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| APL Apollo Tubes Ltd                                   | APL Apollo Tubes Ltd                                   | CUSIP: 000000000<br>LEI: 335800ZU4GXSB7Q4IU95 | Long             | EC               | CORP              | IN        |    136371 | NS      | $2482090.93   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Welspun Corp Ltd                                       | Welspun Corp Ltd                                       | CUSIP: 000000000<br>LEI: 335800XKRIPYYRZNRQ31 | Long             | EC               | CORP              | IN        |     70187 | NS      | $671968.27    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Collective Mining Ltd                                  | Collective Mining Ltd                                  | CUSIP: 19425C100<br>LEI: 98450055FE5CF6E9J694 | Long             | EC               | CORP              | CA        |     35408 | NS      | $463306.34    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Jiangxi Copper Co Ltd                                  | Jiangxi Copper Co Ltd                                  | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |    792000 | NS      | $2332121.75   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| MAC Copper Ltd                                         | MAC Copper Ltd                                         | CUSIP: 000000000<br>LEI: 984500A55FX8DC465F12 | Long             | EC               | CORP              | JE        |     43813 | NS      | $529183.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Aichi Steel Corp                                       | Aichi Steel Corp                                       | CUSIP: 000000000<br>LEI: 353800P9OWOVHHY4ML18 | Long             | EC               | CORP              | JP        |     23600 | NS      | $461321.24    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                | Vale SA                                                | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |   2764932 | NS      | $28333432.67  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| China Northern Rare Earth Group High-Tech Co Ltd       | China Northern Rare Earth Group High-Tech Co Ltd       | CUSIP: 000000000<br>LEI: 300300CY5TYMU38UDM49 | Long             | EC               | CORP              | CN        |    163870 | NS      | $1308664.93   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye Stillwater Ltd                                 | Sibanye Stillwater Ltd                                 | CUSIP: 000000000<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |   2150720 | NS      | $4091306.98   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandfire Resources Ltd                                 | Sandfire Resources Ltd                                 | CUSIP: 000000000<br>LEI: 213800ZW52P23FVH1V47 | Long             | EC               | CORP              | AU        |    351124 | NS      | $2873352.20   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Mining Co Ltd                                  | Western Mining Co Ltd                                  | CUSIP: 000000000<br>LEI: 300300QBV4A9N1NDK519 | Long             | EC               | CORP              | CN        |    107400 | NS      | $281640.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaiser Aluminum Corp                                   | Kaiser Aluminum Corp                                   | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12289 | NS      | $956944.43    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                         | CMOC Group Ltd                                         | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    796400 | NS      | $1383673.21   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ERO Copper Corp                                        | ERO Copper Corp                                        | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     74956 | NS      | $1076296.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                   | Capstone Copper Corp                                   | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    437409 | NS      | $3127648.73   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                             | Nucor Corp                                             | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    175702 | NS      | $26132158.46  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS      | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS      | CUSIP: 000000000<br>LEI: 789000HKISRM8ZEH0128 | Long             | EC               | CORP              | TR        |    182322 | NS      | $175691.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vulcan Energy Resources Ltd                            | Vulcan Energy Resources Ltd                            | CUSIP: 000000000<br>LEI: 8945006OYFHQ9HE4XE54 | Long             | EC               | CORP              | AU        |    117159 | NS      | $316922.71    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SeAH Steel Holdings Corp                               | SeAH Steel Holdings Corp                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1024 | NS      | $135747.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cia Siderurgica Nacional SA                            | Cia Siderurgica Nacional SA                            | CUSIP: 000000000<br>LEI: 529900K40TEND42S0T46 | Long             | EC               | CORP              | BR        |    460573 | NS      | $646451.03    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| China Nonferrous Mining Corp Ltd                       | China Nonferrous Mining Corp Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   1030000 | NS      | $1379265.99   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Algoma Steel Group Inc                                 | Algoma Steel Group Inc                                 | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |     66407 | NS      | $323004.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramkrishna Forgings Ltd                                | Ramkrishna Forgings Ltd                                | CUSIP: 000000000<br>LEI: 335800DCYR2328NWUC07 | Long             | EC               | CORP              | IN        |     61812 | NS      | $397328.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hunan Valin Steel Co Ltd                               | Hunan Valin Steel Co Ltd                               | CUSIP: 000000000<br>LEI: 3003007J7HWD6GTNJ656 | Long             | EC               | CORP              | CN        |    317700 | NS      | $265203.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC Steel Ltd                                         | NMDC Steel Ltd                                         | CUSIP: 000000000<br>LEI: 335800XNI1D4ZCE7VG97 | Long             | EC               | CORP              | IN        |    577490 | NS      | $247953.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                                | SSAB AB                                                | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    166708 | NS      | $970337.17    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Steel Ltd                                          | JSW Steel Ltd                                          | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | EC               | CORP              | IN        |    465514 | NS      | $5426560.76   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanjin International Gold Co Ltd                      | Shanjin International Gold Co Ltd                      | CUSIP: 000000000<br>LEI: 655600QGA2EHH1HUDW82 | Long             | EC               | CORP              | CN        |    131440 | NS      | $363734.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                    | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  15291217 | NS      | $15298862.37  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Jastrzebska Spolka Weglowa SA                          | Jastrzebska Spolka Weglowa SA                          | CUSIP: 000000000<br>LEI: 259400D4E0H5BGXNIK97 | Long             | EC               | CORP              | PL        |     39500 | NS      | $245733.47    | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Kocaer Celik Sanayi Ve Ticaret AS                      | Kocaer Celik Sanayi Ve Ticaret AS                      | CUSIP: 000000000<br>LEI: 7890003QTWO60XF1P364 | Long             | EC               | CORP              | TR        |    410806 | NS      | $153318.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Ltd                                     | Teck Resources Ltd                                     | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    354738 | NS      | $12129825.96  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Steel Ltd                                       | Vulcan Steel Ltd                                       | CUSIP: 000000000<br>LEI: 98450060022AC677C824 | Long             | EC               | CORP              | NZ        |     51071 | NS      | $217625.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumi Resources Minerals Tbk PT                         | Bumi Resources Minerals Tbk PT                         | CUSIP: 000000000<br>LEI: 529900KOJVEVTZ5IRE24 | Long             | EC               | CORP              | ID        |  42613000 | NS      | $1220823.22   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerdau SA                                              | Gerdau SA                                              | CUSIP: 000000000<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |    997366 | NS      | $3064658.29   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| African Rainbow Minerals Ltd                           | African Rainbow Minerals Ltd                           | CUSIP: 000000000<br>LEI: 529900L3TPSCK8ZVZ589 | Long             | EC               | CORP              | ZA        |     85515 | NS      | $887578.61    | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| ATALAYA MINING COPPER SA                               | ATALAYA MINING COPPER SA                               | CUSIP: 000000000<br>LEI: 549300QNQPXVRXGXOX56 | Long             | EC               | CORP              | CY        |     80384 | NS      | $584520.83    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                     | Lundin Mining Corp                                     | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    521321 | NS      | $6031813.22   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc                                  | Worthington Steel Inc                                  | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     24893 | NS      | $828936.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Develop Global Ltd                                     | Develop Global Ltd                                     | CUSIP: 000000000<br>LEI: 5299008N5CYXCI98G291 | Long             | EC               | CORP              | AU        |    200039 | NS      | $506173.09    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| WA1 Resources Ltd                                      | WA1 Resources Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     33485 | NS      | $390630.54    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Materion Corp                                          | Materion Corp                                          | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     15846 | NS      | $1755736.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc                                     | POSCO Holdings Inc                                     | CUSIP: 000000000<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |     55463 | NS      | $11321336.71  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Copper Ltd                                   | Hindustan Copper Ltd                                   | CUSIP: 000000000<br>LEI: 33580013OQMTB8N3IV37 | Long             | EC               | CORP              | IN        |    223868 | NS      | $584201.30    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Northam Platinum Holdings Ltd                          | Northam Platinum Holdings Ltd                          | CUSIP: 000000000<br>LEI: 3789009D0712C7101695 | Long             | EC               | CORP              | ZA        |    274924 | NS      | $3080444.81   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Bradespar SA                                           | Bradespar SA                                           | CUSIP: 000000000<br>LEI: 9598001UD1DHEH3PZ471 | Long             | EP               | CORP              | BR        |    192729 | NS      | $582255.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Masane Al Kobra Mining Co                           | Al Masane Al Kobra Mining Co                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     27564 | NS      | $452165.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellium SE                                         | Constellium SE                                         | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     97688 | NS      | $1415499.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amman Mineral Internasional PT                         | Amman Mineral Internasional PT                         | CUSIP: 000000000<br>LEI: 5493006TJMVRZEVWCG37 | Long             | EC               | CORP              | ID        |  11043612 | NS      | $5263482.39   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen Tungsten Co Ltd                                 | Xiamen Tungsten Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300SEC2FOC4PL5N49 | Long             | EC               | CORP              | CN        |     70499 | NS      | $304816.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Mining & Smelting Co Ltd                        | Mitsui Mining & Smelting Co Ltd                        | CUSIP: 000000000<br>LEI: 35380021EYAHSQM25559 | Long             | EC               | CORP              | JP        |     43700 | NS      | $3081300.20   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanmore Resources Ltd                                 | Stanmore Resources Ltd                                 | CUSIP: 000000000<br>LEI: 52990090OHRBVS7DDA54 | Long             | EC               | CORP              | AU        |    282160 | NS      | $343499.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale Indonesia Tbk PT                                  | Vale Indonesia Tbk PT                                  | CUSIP: 000000000<br>LEI: 5299002HHYBH7C6WBQ62 | Long             | EC               | CORP              | ID        |   1654600 | NS      | $375787.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Iluka Resources Ltd                                    | Iluka Resources Ltd                                    | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |    329278 | NS      | $1359066.47   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Zinc Co Ltd                                      | Korea Zinc Co Ltd                                      | CUSIP: 000000000<br>LEI: 988400D0HSQUB1I1VO41 | Long             | EC               | CORP              | KR        |      3049 | NS      | $1800560.33   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nickel Industries Ltd                                  | Nickel Industries Ltd                                  | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | EC               | CORP              | AU        |   1487406 | NS      | $678217.76    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Saw Ltd                                         | Jindal Saw Ltd                                         | CUSIP: 000000000<br>LEI: 335800DDPMLWP71NRQ10 | Long             | EC               | CORP              | IN        |    172130 | NS      | $385470.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiangong International Co Ltd                          | Tiangong International Co Ltd                          | CUSIP: 000000000<br>LEI: 254900F7I4ZE3X40W968 | Long             | EC               | CORP              | KY        |   1022000 | NS      | $329326.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Eramet SA                                              | Eramet SA                                              | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | EC               | CORP              | FR        |      6455 | NS      | $385370.67    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Sandur Manganese & Iron Ores Ltd/The                   | Sandur Manganese & Iron Ores Ltd/The                   | CUSIP: 000000000<br>LEI: 254900NF50X4VKSUO257 | Long             | EC               | CORP              | IN        |     29282 | NS      | $143415.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JX Advanced Metals Corp                                | JX Advanced Metals Corp                                | CUSIP: 000000000<br>LEI: 353800NC6NPNKC4JEC58 | Long             | EC               | CORP              | JP        |    424200 | NS      | $3905309.18   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| East Pipes Integrated Co for Industry                  | East Pipes Integrated Co for Industry                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     11487 | NS      | $324955.37    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                 | MSCI EMGMKT SEP25                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        43 | NC      | $-8108.21     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                                  | Lynas Rare Earths Ltd                                  | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    640665 | NS      | $5802999.73   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Surya Roshni Ltd                                       | Surya Roshni Ltd                                       | CUSIP: 000000000<br>LEI: 3358007USXSNEN3WXO62 | Long             | EC               | CORP              | IN        |     50639 | NS      | $163070.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc                                     | USA Rare Earth Inc                                     | CUSIP: 91733P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14673 | NS      | $218921.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Steel Dynamics Inc                                     | Steel Dynamics Inc                                     | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    107386 | NS      | $14058975.12  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Metalurgica Gerdau SA                                  | Metalurgica Gerdau SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |    483147 | NS      | $842990.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Koza Anadolu Metal Madencilik Isletmeleri AS           | Koza Anadolu Metal Madencilik Isletmeleri AS           | CUSIP: 000000000<br>LEI: 789000DVKGVEC9701443 | Long             | EC               | CORP              | TR        |    140274 | NS      | $269521.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MMG Ltd                                                | MMG Ltd                                                | CUSIP: 000000000<br>LEI: 529900XB5IQXFMSWEC48 | Long             | EC               | CORP              | HK        |   3247600 | NS      | $2169800.90   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| JFE Holdings Inc                                       | JFE Holdings Inc                                       | CUSIP: 000000000<br>LEI: 3538002Y11Y03NA9B530 | Long             | EC               | CORP              | JP        |    437800 | NS      | $5442633.35   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Usha Martin Ltd                                        | Usha Martin Ltd                                        | CUSIP: 000000000<br>LEI: 33580037BPBHOK655A23 | Long             | EC               | CORP              | IN        |    106232 | NS      | $460241.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| IperionX Ltd                                           | IperionX Ltd                                           | CUSIP: 000000000<br>LEI: 98450096B1C9E094C832 | Long             | EC               | CORP              | AU        |    221857 | NS      | $959378.44    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Citic Pacific Special Steel Group Co Ltd               | Citic Pacific Special Steel Group Co Ltd               | CUSIP: 000000000<br>LEI: 836800ETMJJWP4GAL167 | Long             | EC               | CORP              | CN        |    161900 | NS      | $297066.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Outokumpu Oyj                                          | Outokumpu Oyj                                          | CUSIP: 000000000<br>LEI: 5493009YRUJJDCFF0R80 | Long             | EC               | CORP              | FI        |    281918 | NS      | $1159891.71   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Nanshan Aluminum Co Ltd                       | Shandong Nanshan Aluminum Co Ltd                       | CUSIP: 000000000<br>LEI: 836800YU5J3RT2VPUO65 | Long             | EC               | CORP              | CN        |    532430 | NS      | $303439.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hill & Smith PLC                                       | Hill & Smith PLC                                       | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |     60925 | NS      | $1742651.69   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Jinduicheng Molybdenum Co Ltd                          | Jinduicheng Molybdenum Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    145400 | NS      | $306476.19    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                               | GMK Norilskiy Nickel PAO                               | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |     47600 | NS      | $0.06         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Yamato Kogyo Co Ltd                                    | Yamato Kogyo Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29900 | NS      | $1958218.02   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                            | Baoshan Iron & Steel Co Ltd                            | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |    988793 | NS      | $962336.65    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| UACJ Corp                                              | UACJ Corp                                              | CUSIP: 000000000<br>LEI: 353800GO7FBE4RSRH831 | Long             | EC               | CORP              | JP        |     28538 | NS      | $1218094.64   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Minerals International Inc                     | Compass Minerals International Inc                     | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     27426 | NS      | $522465.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Steel Co                                       | Hyundai Steel Co                                       | CUSIP: 000000000<br>LEI: 9884006EYA94IB2C3132 | Long             | EC               | CORP              | KR        |     66397 | NS      | $1525904.11   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Century Iron & Steel Industrial Co Ltd                 | Century Iron & Steel Industrial Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    136000 | NS      | $813329.91    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                                   | KGHM Polska Miedz SA                                   | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |    107166 | NS      | $3764482.38   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel Ltd                                    | BlueScope Steel Ltd                                    | CUSIP: 000000000<br>LEI: 529900H6UQI16XACWC95 | Long             | EC               | CORP              | AU        |    333592 | NS      | $4997774.92   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta PLC                                        | Antofagasta PLC                                        | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |    300267 | NS      | $8712641.09   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| National Aluminium Co Ltd                              | National Aluminium Co Ltd                              | CUSIP: 000000000<br>LEI: 335800OM1V78CX7SSC72 | Long             | EC               | CORP              | IN        |    632647 | NS      | $1337719.02   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Petrosea Tbk PT                                        | Petrosea Tbk PT                                        | CUSIP: 000000000<br>LEI: 254900FVV2ENXMCVUE96 | Long             | EC               | CORP              | ID        |   2304000 | NS      | $529444.79    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Liontown Resources Ltd                                 | Liontown Resources Ltd                                 | CUSIP: 000000000<br>LEI: 529900LT0V2IEL7WZY56 | Long             | EC               | CORP              | AU        |   1357712 | NS      | $830967.19    | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| Rio Tinto PLC                                          | Rio Tinto PLC                                          | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    859377 | NS      | $53721216.63  | 6.54%             |  |  |  | No            |                  2 | On Loan: No      |
| APERAM SA                                              | APERAM SA                                              | CUSIP: 000000000<br>LEI: 5493001136GE6L4R7M63 | Long             | EC               | CORP              | LU        |     33733 | NS      | $1024119.85   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Major Drilling Group International Inc                 | Major Drilling Group International Inc                 | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |     61277 | NS      | $431908.37    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Usinas Siderurgicas de Minas Gerais S/A Usiminas       | Usinas Siderurgicas de Minas Gerais S/A Usiminas       | CUSIP: 000000000<br>LEI: 2549001OK55PFGXM4827 | Long             | EP               | CORP              | BR        |    345464 | NS      | $278443.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Steel Co Ltd                                     | Osaka Steel Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9700 | NS      | $172589.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Salzgitter AG                                          | Salzgitter AG                                          | CUSIP: 000000000<br>LEI: 529900E12Z6HXIMHFA15 | Long             | EC               | CORP              | DE        |     22880 | NS      | $596732.27    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                  | Mineral Resources Ltd                                  | CUSIP: 000000000<br>LEI: 5299007V1ACKFFX2P066 | Long             | EC               | CORP              | AU        |    134162 | NS      | $3256661.97   | 0.40%             |  |  |  | No            |                  2 | On Loan: —       |
| MP Materials Corp                                      | MP Materials Corp                                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     93346 | NS      | $6640634.44   | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS      | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS      | CUSIP: 000000000<br>LEI: 789000HKISRM8ZEH0128 | Long             | EC               | CORP              | TR        |    584637 | NS      | $418214.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hudbay Minerals Inc                                    | Hudbay Minerals Inc                                    | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    299402 | NS      | $3592780.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Perenti Ltd                                            | Perenti Ltd                                            | CUSIP: 000000000<br>LEI: 25490044GUNE4S2E6K11 | Long             | EC               | CORP              | AU        |    647011 | NS      | $998790.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                         | CMOC Group Ltd                                         | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |   2844000 | NS      | $4375383.55   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Maharashtra Seamless Ltd                               | Maharashtra Seamless Ltd                               | CUSIP: 000000000<br>LEI: 3358005CN9WUZJFMHV66 | Long             | EC               | CORP              | IN        |     30411 | NS      | $221322.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kobe Steel Ltd                                         | Kobe Steel Ltd                                         | CUSIP: 000000000<br>LEI: 549300ZDCYYUPHEE5K87 | Long             | EC               | CORP              | JP        |    270400 | NS      | $3318304.34   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupa Kety SA                                          | Grupa Kety SA                                          | CUSIP: 000000000<br>LEI: 2594007JKYYF3WGI0129 | Long             | EC               | CORP              | PL        |      7522 | NS      | $1902689.27   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| thyssenkrupp AG                                        | thyssenkrupp AG                                        | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    378126 | NS      | $4001568.01   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Eregli Demir ve Celik Fabrikalari TAS                  | Eregli Demir ve Celik Fabrikalari TAS                  | CUSIP: 000000000<br>LEI: 789000VYQF5IDGG49908 | Long             | EC               | CORP              | TR        |   2679138 | NS      | $1945469.79   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                                   | Freeport-McMoRan Inc                                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   1093575 | NS      | $48554730.00  | 5.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Tongling Nonferrous Metals Group Co Ltd                | Tongling Nonferrous Metals Group Co Ltd                | CUSIP: 000000000<br>LEI: 300300JWM4636VG5A986 | Long             | EC               | CORP              | CN        |    594700 | NS      | $376884.36    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Altius Minerals Corp                                   | Altius Minerals Corp                                   | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |     29163 | NS      | $636623.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Maanshan Iron & Steel Co Ltd                           | Maanshan Iron & Steel Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1040000 | NS      | $322543.82    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarda Energy & Minerals Ltd                            | Sarda Energy & Minerals Ltd                            | CUSIP: 000000000<br>LEI: 3358008BGCGZ8DKYHY59 | Long             | EC               | CORP              | IN        |     65978 | NS      | $447524.74    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| United Co RUSAL International PJSC                     | United Co RUSAL International PJSC                     | CUSIP: 000000000<br>LEI: 213800WNO9IQTTI4PG55 | Long             | EC               | CORP              | RU        |   3450000 | NS      | $429.10       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Aluminum Manufacturing Co                        | Qatar Aluminum Manufacturing Co                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |   2087602 | NS      | $816780.15    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia BaoTou Steel Union Co Ltd               | Inner Mongolia BaoTou Steel Union Co Ltd               | CUSIP: 000000000<br>LEI: 3003005DKNZILXCEDH07 | Long             | EC               | CORP              | CN        |   2057421 | NS      | $805939.27    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yieh Phui Enterprise Co Ltd                            | Yieh Phui Enterprise Co Ltd                            | CUSIP: 000000000<br>LEI: 254900NCX61150KGIA04 | Long             | EC               | CORP              | TW        |    673831 | NS      | $331023.76    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaibei Mining Holdings Co Ltd                         | Huaibei Mining Holdings Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    120200 | NS      | $210453.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                                          | BHP Group Ltd                                          | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |   3865044 | NS      | $107730235.14 | 13.12%            |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd                               | China Hongqiao Group Ltd                               | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |   2121500 | NS      | $6983041.01   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp                                      | Nippon Steel Corp                                      | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |    736505 | NS      | $15512989.38  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                      | Ivanhoe Mines Ltd                                      | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    569451 | NS      | $5033775.18   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| AMG Critical Materials NV                              | AMG Critical Materials NV                              | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | EC               | CORP              | NL        |     23700 | NS      | $728667.68    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Daido Steel Co Ltd                                     | Daido Steel Co Ltd                                     | CUSIP: 000000000<br>LEI: 353800WZKGRNG0T2FR92 | Long             | EC               | CORP              | JP        |     98400 | NS      | $841857.68    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianshan Aluminum Group Co Ltd                         | Tianshan Aluminum Group Co Ltd                         | CUSIP: 000000000<br>LEI: 300300VE52AL1GWYFN04 | Long             | EC               | CORP              | CN        |    224860 | NS      | $318555.38    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Lithium Americas Corp                                  | Lithium Americas Corp                                  | CUSIP: 53681J103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |    146445 | NS      | $438263.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Century Aluminum Co                                    | Century Aluminum Co                                    | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     42267 | NS      | $943822.11    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                   | Cleveland-Cliffs Inc                                   | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    375993 | NS      | $4041924.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd                                  | Valterra Platinum Ltd                                  | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |    161602 | NS      | $7410764.62   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd                                  | Jiangxi Copper Co Ltd                                  | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |     93425 | NS      | $366140.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoei Steel Ltd                                        | Kyoei Steel Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13300 | NS      | $205086.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | XAE ENERGY SEP25                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         5 | NC      | $20085.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Labrador Iron Ore Royalty Corp                         | Labrador Iron Ore Royalty Corp                         | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     48980 | NS      | $957951.58    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Feng Hsin Steel Co Ltd                                 | Feng Hsin Steel Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    333918 | NS      | $728480.90    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                                | SSAB AB                                                | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    482694 | NS      | $2739444.08   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                        | Norsk Hydro ASA                                        | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |   1054545 | NS      | $6835334.79   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Hsin Kuang Steel Co Ltd                                | Hsin Kuang Steel Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    152000 | NS      | $216720.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PTC Industries Ltd                                     | PTC Industries Ltd                                     | CUSIP: 000000000<br>LEI: 335800WHBPFCCRTAAO49 | Long             | EC               | CORP              | IN        |      3414 | NS      | $542188.24    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                                          | Fortescue Ltd                                          | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |   1289439 | NS      | $16263917.22  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Champion Iron Ltd                                      | Champion Iron Ltd                                      | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |    284226 | NS      | $834423.19    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                          | Severstal PAO                                          | CUSIP: 000000000<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |    233400 | NS      | $29.03        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Glencore PLC                                           | Glencore PLC                                           | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   7718943 | NS      | $30494041.84  | 3.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirloskar Ferrous Industries Ltd                       | Kirloskar Ferrous Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800I46D67F2PR5C23 | Long             | EC               | CORP              | IN        |     49234 | NS      | $306610.98    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Foran Mining Corp                                      | Foran Mining Corp                                      | CUSIP: 344911201<br>LEI: 529900LRYPIWB6RISB58 | Long             | EC               | CORP              | CA        |    205355 | NS      | $450080.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Steel Ltd                                         | Tata Steel Ltd                                         | CUSIP: 000000000<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |   5615996 | NS      | $9846060.21   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Vizsla Silver Corp                                     | Vizsla Silver Corp                                     | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |    246749 | NS      | $901940.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jai Balaji Industries Ltd                              | Jai Balaji Industries Ltd                              | CUSIP: 000000000<br>LEI: 25490001GPJGRVVSB379 | Long             | EC               | CORP              | IN        |    140703 | NS      | $165164.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Metals Co                                   | Commercial Metals Co                                   | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     85228 | NS      | $4915098.76   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Yunnan Aluminium Co Ltd                                | Yunnan Aluminium Co Ltd                                | CUSIP: 000000000<br>LEI: 3003008AXWSVMLG3MX37 | Long             | EC               | CORP              | CN        |    159700 | NS      | $434452.55    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Warrior Met Coal Inc                                   | Warrior Met Coal Inc                                   | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     39966 | NS      | $2443521.24   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                                         | voestalpine AG                                         | CUSIP: 000000000<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |     81100 | NS      | $2686898.16   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERGREEN Steel Corp                                   | EVERGREEN Steel Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    145000 | NS      | $422822.52    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Gloria Material Technology Corp                        | Gloria Material Technology Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    348000 | NS      | $434264.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Superconducting Technologies Co Ltd            | Western Superconducting Technologies Co Ltd            | CUSIP: 000000000<br>LEI: 300300IUC83XEOSKRG67 | Long             | EC               | CORP              | CN        |     30036 | NS      | $263133.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilbara Minerals Ltd                                   | Pilbara Minerals Ltd                                   | CUSIP: 000000000<br>LEI: 5299000VV1CZVF5K9C16 | Long             | EC               | CORP              | AU        |   2318343 | NS      | $3703065.00   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Chung Hung Steel Corp                                  | Chung Hung Steel Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    650000 | NS      | $340159.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcoa Corp                                             | Alcoa Corp                                             | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    197095 | NS      | $6344488.05   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                            | South32 Ltd                                            | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |   3429231 | NS      | $6055005.82   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                       | ArcelorMittal SA                                       | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |    357148 | NS      | $11898312.16  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                             | Aluminum Corp of China Ltd                             | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |   2852000 | NS      | $2555069.68   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Godawari Power and Ispat Ltd                           | Godawari Power and Ispat Ltd                           | CUSIP: 000000000<br>LEI: 335800BC29IHAN5IOG37 | Long             | EC               | CORP              | IN        |    171015 | NS      | $451274.22    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ramaco Resources Inc                                   | Ramaco Resources Inc                                   | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     29563 | NS      | $766568.59    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nittetsu Mining Co Ltd                                 | Nittetsu Mining Co Ltd                                 | CUSIP: 000000000<br>LEI: 213800HBRWZK44PCU381 | Long             | EC               | CORP              | JP        |      7000 | NS      | $400702.16    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Granges AB                                             | Granges AB                                             | CUSIP: 000000000<br>LEI: 5493006UG44TYSIXOB13 | Long             | EC               | CORP              | SE        |     81344 | NS      | $1193198.91   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurubis AG                                             | Aurubis AG                                             | CUSIP: 000000000<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |     24089 | NS      | $2734908.74   | 0.33%             |  |  |  | No            |                  2 | On Loan: —       |
| Alpha Metallurgical Resources Inc                      | Alpha Metallurgical Resources Inc                      | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8329 | NS      | $1242603.51   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                                     | SunCoke Energy Inc                                     | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     65990 | NS      | $509442.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Merdeka Copper Gold Tbk PT                             | Merdeka Copper Gold Tbk PT                             | CUSIP: 000000000<br>LEI: 894500DF5TJXCOE26L58 | Long             | EC               | CORP              | ID        |   7453886 | NS      | $1123650.89   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd                                         | Tata Steel Ltd                                         | CUSIP: 87656Y406<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |      8951 | NS      | $159130.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Solaris Resources Inc                                  | Solaris Resources Inc                                  | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     68931 | NS      | $379450.51    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Rare Earth Resources And Technology Co Ltd       | China Rare Earth Resources And Technology Co Ltd       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     48000 | NS      | $393149.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                                     | Anglo American PLC                                     | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    852160 | NS      | $26242200.54  | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| China Metal Recycling Holdings Ltd                     | China Metal Recycling Holdings Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    132000 | NS      | $0.17         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TMC the metals co Inc                                  | TMC the metals co Inc                                  | CUSIP: 87261Y106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    166325 | NS      | $891502.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Press Metal Aluminium Holdings Bhd                     | Press Metal Aluminium Holdings Bhd                     | CUSIP: 000000000<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |   2814100 | NS      | $3704196.17   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Yodogawa Steel Works Ltd                               | Yodogawa Steel Works Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     79500 | NS      | $738864.19    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryerson Holding Corp                                   | Ryerson Holding Corp                                   | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     20145 | NS      | $459306.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NMDC Ltd                                               | NMDC Ltd                                               | CUSIP: 000000000<br>LEI: 335800IXHXOHQ7B2HP66 | Long             | EC               | CORP              | IN        |   2355449 | NS      | $1839988.42   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Inc                                           | Reliance Inc                                           | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     40042 | NS      | $11838817.72  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd                           | Impala Platinum Holdings Ltd                           | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |    688619 | NS      | $6248607.78   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd                             | First Quantum Minerals Ltd                             | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    539916 | NS      | $9462830.39   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dowa Holdings Co Ltd                                   | Dowa Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800ZSQZKFE140A689 | Long             | EC               | CORP              | JP        |     40500 | NS      | $1421949.75   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret AS | Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret AS | CUSIP: 000000000<br>LEI: 789000AZXX6WQ8RA1J39 | Long             | EC               | CORP              | TR        |     20400 | NS      | $253019.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** iShares, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer