# EDGAR Filing Document

**Accession Number:** 0000744822
**File Stem:** 0000035402-26-001974
**Filing Date:** 2026-3
**Character Count:** 37831
**Document Hash:** 11658623b654d7a77bcb51fbfa23887e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001974.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000035402-26-001974

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000744822

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04008
- **FILM NUMBER:** 26790521

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY OVERSEAS FUND
- **DATE OF NAME CHANGE:** 19861228

## Series and Classes Contracts Data

### Fidelity Global Commodity Stock Fund (Series ID: S000024314)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000071913 | Fidelity Global Commodity Stock Fund                  | FFGCX           |
| C000071914 | Fidelity Advisor Global Commodity Stock Fund: Class A | FFGAX           |
| C000071916 | Fidelity Advisor Global Commodity Stock Fund: Class C | FCGCX           |
| C000071917 | Fidelity Advisor Global Commodity Stock Fund: Class M | FFGTX           |
| C000071918 | Fidelity Advisor Global Commodity Stock Fund: Class I | FFGIX           |
| C000205035 | Fidelity Advisor Global Commodity Stock Fund: Class Z | FIQRX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Global Commodity Stock Fund**

**January 31, 2026**

GCS-NPRT1-0426

1.879386.116 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 97.8%** | &nbsp;&nbsp;**Common Stocks - 97.8%** | &nbsp;&nbsp;**Common Stocks - 97.8%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 5.5%  |  |  |
| Materials - 5.5% |  |  |
| Metals & Mining - 5.5% |  |  |
| Anglogold Ashanti Plc (South Africa)  | 220300 | 19859519 |
| BHP Group Ltd  | 720679 | 24821890 |
| Glencore PLC  | 3102800 | 21152893 |
| TOTAL AUSTRALIA |  | 65834302 |
| AUSTRIA - 0.7%  |  |  |
| Materials - 0.7% |  |  |
| Paper & Forest Products - 0.7% |  |  |
| Mondi PLC  | 739496 | 8641907 |
| BRAZIL - 8.5%  |  |  |
| Energy - 1.0% |  |  |
| Oil, Gas & Consumable Fuels - 1.0% |  |  |
| PRIO SA/Brazil (b) | 1223600 | 11855278 |
| Materials - 7.5% |  |  |
| Chemicals - 1.3% |  |  |
| Yara International ASA  | 335800 | 15453669 |
| Metals & Mining - 6.2% |  |  |
| Gerdau SA  | 2647300 | 11277842 |
| Vale SA  | 2292100 | 36724122 |
| Wheaton Precious Metals Corp  | 195400 | 25742890 |
|  |  | 73744854 |
| TOTAL MATERIALS |  | 89198523 |
| TOTAL BRAZIL |  | 101053801 |
| CANADA - 21.4%  |  |  |
| Energy - 5.8% |  |  |
| Oil, Gas & Consumable Fuels - 5.8% |  |  |
| Cameco Corp  | 96900 | 11984672 |
| Canadian Natural Resources Ltd  | 659700 | 24529513 |
| Imperial Oil Ltd (a) | 323800 | 32714109 |
| PrairieSky Royalty Ltd  | 35100 | 764046 |
| TOTAL ENERGY |  | 69992340 |
| Materials - 15.6% |  |  |
| Chemicals - 5.2% |  |  |
| Nutrien Ltd  | 906383 | 62404734 |
| Metals & Mining - 9.5% |  |  |
| Agnico Eagle Mines Ltd/CA  | 193500 | 36782978 |
| Alamos Gold Inc Class A  | 337600 | 12510774 |
| Barrick Mining Corp  | 337400 | 15422301 |
| Franco-Nevada Corp  | 102171 | 23916561 |
| G Mining Ventures Corp (b) | 476600 | 15110213 |
| Hemlo Mining Corp (b) | 530500 | 2388253 |
| Hudbay Minerals Inc  | 234700 | 5558752 |
| Teck Resources Ltd Class B  | 13300 | 713813 |
|  |  | 112403645 |
| Paper & Forest Products - 0.9% |  |  |
| West Fraser Timber Co Ltd (a) | 165200 | 11281862 |
| TOTAL MATERIALS |  | 186090241 |
| TOTAL CANADA |  | 256082581 |
| CHILE - 2.5%  |  |  |
| Materials - 2.5% |  |  |
| Metals & Mining - 2.5% |  |  |
| Antofagasta PLC  | 331500 | 16547621 |
| Lundin Mining Corp  | 514600 | 12981684 |
| TOTAL CHILE |  | 29529305 |
| CHINA - 5.2%  |  |  |
| Materials - 5.2% |  |  |
| Metals & Mining - 5.2% |  |  |
| Chuangxin Industries Holdings Ltd H Shares  | 1384500 | 4430627 |
| MMG Ltd (b) | 19292000 | 25411180 |
| Zijin Mining Group Co Ltd H Shares  | 6060000 | 32502656 |
| TOTAL CHINA |  | 62344463 |
| CONGO DEMOCRATIC REPUBLIC OF - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Ivanhoe Mines Ltd Class A (b) | 156700 | 1981694 |
| FINLAND - 1.9%  |  |  |
| Materials - 1.9% |  |  |
| Paper & Forest Products - 1.9% |  |  |
| UPM-Kymmene Oyj  | 838000 | 23118860 |
| HONG KONG - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Zijin Gold International Co Ltd  | 76452 | 2139298 |
| NORWAY - 1.4%  |  |  |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Frontline PLC  | 305500 | 8731190 |
| Materials - 0.7% |  |  |
| Metals & Mining - 0.7% |  |  |
| Norsk Hydro ASA  | 883600 | 7844499 |
| TOTAL NORWAY |  | 16575689 |
| SOUTH AFRICA - 1.6%  |  |  |
| Materials - 1.6% |  |  |
| Metals & Mining - 1.6% |  |  |
| Anglo American PLC  | 177531 | 8231724 |
| Impala Platinum Holdings Ltd  | 161300 | 3006511 |
| Valterra Platinum Ltd  | 92600 | 8319939 |
| TOTAL SOUTH AFRICA |  | 19558174 |
| UNITED KINGDOM - 0.6%  |  |  |
| Energy - 0.6% |  |  |
| Energy Equipment & Services - 0.6% |  |  |
| Subsea 7 SA  | 287000 | 7319163 |
| UNITED STATES - 46.8%  |  |  |
| Consumer Staples - 8.6% |  |  |
| Food Products - 8.6% |  |  |
| Archer-Daniels-Midland Co  | 773500 | 52064285 |
| Bunge Global SA  | 443900 | 50551332 |
| TOTAL CONSUMER STAPLES |  | 102615617 |
| Energy - 24.9% |  |  |
| Energy Equipment & Services - 0.4% |  |  |
| Tidewater Inc (a)(b) | 78300 | 4892967 |
| Oil, Gas & Consumable Fuels - 24.5% |  |  |
| Antero Resources Corp (b) | 277212 | 10082200 |
| BP PLC  | 2677600 | 16977478 |
| Chevron Corp  | 358430 | 63406267 |
| Diamondback Energy Inc  | 93600 | 15345720 |
| Exxon Mobil Corp  | 690900 | 97693260 |
| Kinder Morgan Inc  | 361100 | 11009939 |
| Murphy Oil Corp  | 312600 | 9406134 |
| Navigator Holdings Ltd  | 382500 | 7087725 |
| Occidental Petroleum Corp  | 146500 | 6649635 |
| Ovintiv Inc  | 305000 | 13258350 |
| Shell PLC  | 1078873 | 41471351 |
|  |  | 292388059 |
| TOTAL ENERGY |  | 297281026 |
| Materials - 13.3% |  |  |
| Chemicals - 8.7% |  |  |
| CF Industries Holdings Inc  | 107200 | 9994256 |
| Corteva Inc  | 1282900 | 93395120 |
|  |  | 103389376 |
| Containers & Packaging - 0.5% |  |  |
| International Paper Co  | 160400 | 6467328 |
| Metals & Mining - 4.1% |  |  |
| Alcoa Corp  | 74600 | 4238026 |
| Ivanhoe Electric Inc / US (b) | 218500 | 3734165 |
| Nucor Corp  | 113300 | 20135676 |
| Steel Dynamics Inc  | 111100 | 19950227 |
| USA Rare Earth Inc (c) | 53151 | 1191645 |
|  |  | 49249739 |
| TOTAL MATERIALS |  | 159106443 |
| TOTAL UNITED STATES |  | 559003086 |
| ZAMBIA - 1.3%  |  |  |
| Materials - 1.3% |  |  |
| Metals & Mining - 1.3% |  |  |
| First Quantum Minerals Ltd (b) | 562071 | 15888160 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $827,227,178) |  | <br> **1169070483** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 5.8%** | &nbsp;&nbsp;**Money Market Funds - 5.8%** | &nbsp;&nbsp;**Money Market Funds - 5.8%** | &nbsp;&nbsp;**Money Market Funds - 5.8%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (d) | 3.70 | 25896623 | 25901802 |
| Fidelity Securities Lending Cash Central Fund (d)(e) | 3.70 | 43595774 | 43600134 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $69,501,936) |  |  | **69501936** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 103.6%**<br> (Cost $896,729,114)<br>| <br>**1238572419** |
| **NET OTHER ASSETS (LIABILITIES) - (3.6)%**  | **(43556914)** |
| **NET ASSETS - 100.0%** | **1195015505** |

---

**Legend**

(a) Security or a portion of the security is on loan at period end.

(b) Non-income producing.

(c) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,191,645 or 0.1% of net assets.

(d) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(e) Investment made with cash collateral received from securities on loan.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| USA Rare Earth Inc | 1/26/2026 | 1142747 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 20359132 | 73733530 | 68190957 | 179339 | 97 | - | 25901802 | 25896623 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 9215185 | 135428181 | 101043579 | 21500 | 347 | - | 43600134 | 43595774 | 0.1% |
| Total | 29574317 | 209161711 | 169234536 | 200839 | 444 | - | 69501936 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Investment Trust

- **b. Investment Company Act file number:** 811-04008

- **c. CIK number of Registrant:** 0000744822

- **d. LEI of Registrant:** MXNTE4GH7BW81YELH558

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Global Commodity Stock Fund

- **b. EDGAR series identifier (if any):** S000024314

- **c. LEI of Series:** KESVHL4LQFROZBX45R97

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1237470805.09

**Total Liabilities:** $45695694.83

**Net Assets:** $1191775110.26

**Cash Not Reported:** $97640.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000071913 | 4.92%                | 3.07%                | 12.43%               |
| Class ID C000071914 | 4.88%                | 3.00%                | 12.41%               |
| Class ID C000071916 | 4.78%                | 2.97%                | 12.34%               |
| Class ID C000071917 | 4.84%                | 3.01%                | 12.39%               |
| Class ID C000071918 | 4.88%                | 3.06%                | 12.40%               |
| Class ID C000205035 | 4.93%                | 3.07%                | 12.42%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $672960.38               | $41535529.42                               |
| Month 2  | $7409131.71              | $20335517.00                               |
| Month 3  | $13181258.68             | $110837474.24                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGNICO EAGLE MINES LTD            | AGNICO EAGLE MINES LTD                        | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |    210800 | NS      | $40071583.74  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMOS GOLD INC                   | ALAMOS GOLD INC A                             | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    396500 | NS      | $14693489.52  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIJIN MINING GROUP CO LIMITED     | ZIJIN MINING GROUP CO LTD H                   | CUSIP: N/A<br>LEI: 529900ABI5CBFXD01Q05       | Long             | EC               | CORP              | CN        |   6012000 | NS      | $32245209.35  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN PLC                | ANGLO AMERICAN PLC                            | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |    174931 | NS      | $8111168.08   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| VALTERRA PLATINUM LIMITED         | VALTERRA PLATINUM LIMITED                     | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |     91400 | NS      | $8212121.27   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORPORATION      | ANTERO RES CORP                               | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    277212 | NS      | $10082200.44  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTOFAGASTA PLC                   | ANTOFAGASTA PLC                               | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |    328800 | NS      | $16412843.67  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER DANIELS MIDLAND CO         | ARCHER DANIELS MIDLAND CO                     | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    773500 | NS      | $52064285.00  | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                            | BP PLC                                        | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   2656300 | NS      | $16842423.66  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| BARRICK MINING CORP               | BARRICK MINING CORP                           | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    385000 | NS      | $17598061.18  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LTD                     | BHP GROUP LIMITED                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    714971 | NS      | $24625291.82  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CF INDUSTRIES HOLDINGS INC        | CF INDUSTRIES HOLDINGS INC                    | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    107200 | NS      | $9994256.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                       | CAMECO CORP                                   | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    120100 | NS      | $14854067.49  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD    | CANADIAN NATL RESOURCES LTD                   | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    659700 | NS      | $24529512.72  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDI PLC                         | MONDI PLC                                     | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        |    729196 | NS      | $8521539.48   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP NEW                  | CHEVRON CORP                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    340330 | NS      | $60204377.00  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HEMLO MINING CORP                 | HEMLO MINING CORP                             | CUSIP: 42366G104<br>LEI: 529900LAXG9T9UEN3T86 | Long             | EC               | CORP              | CA        |    530500 | NS      | $2388253.22   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY INC            | DIAMONDBACK ENERGY INC                        | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     93600 | NS      | $15345720.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                  | EXXON MOBIL CORP                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    668900 | NS      | $94582460.00  | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust      | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  25896623 | NS      | $25901802.09  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust      | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  43091658 | NS      | $43095966.93  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD        | FIRST QUANTUM MINERALS LTD                    | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    642171 | NS      | $18152360.58  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                | FRANCO-NEVADA CORP                            | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    116371 | NS      | $27240548.26  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU SA                         | GERDAU SA PN                                  | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |   2647300 | NS      | $11277842.57  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE PLC                      | GLENCORE PLC                                  | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |   3078100 | NS      | $20984504.75  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA                           | PRIO SA                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1223600 | NS      | $11855277.94  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDBAY MINERALS INC               | Hudbay Minerals Inc                           | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |    234700 | NS      | $5558752.25   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LTD      | IMPALA PLATINUM HOLDINGS LTD                  | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    161300 | NS      | $3006510.92   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL OIL LTD                  | IMPERIAL OIL LTD                              | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |    323800 | NS      | $32714108.62  | 2.74%             |  |  |  | No            |                  1 | On Loan: —       |
| INTERNATIONAL PAPER CO            | INTERNATIONAL PAPER CO                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    160400 | NS      | $6467328.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINE LTD                  | IVANHOE MINES LTD                             | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    156700 | NS      | $1981694.27   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC DEL             | KINDER MORGAN INC                             | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    361100 | NS      | $11009939.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNDIN MINING CORP                | LUNDIN MINING CORP                            | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    651900 | NS      | $16445316.34  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORP                   | MURPHY OIL CORP                               | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    312600 | NS      | $9406134.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIGATOR HOLDINGS LTD            | NAVIGATOR HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 213800H7RVOFYARK2W19       | Long             | EC               | CORP              | MH        |    382500 | NS      | $7087725.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NORSK HYDRO ASA                   | NORSK HYDRO AS ORD                            | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    883600 | NS      | $7844498.74   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| NUCOR CORP                        | NUCOR CORP                                    | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    113300 | NS      | $20135676.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP         | OCCIDENTAL PETROLEUM CORP                     | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    146500 | NS      | $6649635.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG LTD                           | MMG LTD                                       | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |  19140000 | NS      | $25210967.60  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PRAIRIESKY ROYALTY LTD            | PRAIRIESKY ROYALTY LTD                        | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     35100 | NS      | $764046.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP      | WHEATON PRECIOUS METALS CORP                  | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    215700 | NS      | $28417304.74  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS INC                | STEEL DYNAMICS INC                            | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    111100 | NS      | $19950227.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBSEA 7 SA                       | SUBSEA 7 SA                                   | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | LU        |    287000 | NS      | $7319163.08   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TECK RESOURCES LTD                | TECK RESOURCES LTD SUB VTG CLB                | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     13300 | NS      | $713813.39    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM KYMMENE CORP                  | UPM KYMMENE CORP                              | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |    831300 | NS      | $22934019.77  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA                           | VALE S.A.                                     | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |   2065900 | NS      | $33099935.97  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST FRASER TIMBER CO             | WEST FRASER TIMBER LTD                        | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    165200 | NS      | $11281862.45  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| YARA INTERNATIONAL ASA            | YARA INTERNATIONAL ASA                        | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |    333100 | NS      | $15329413.84  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCOA CORP                        | ALCOA CORP                                    | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     74600 | NS      | $4238026.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TIDEWATER INC                     | TIDEWATER INC                                 | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     18800 | NS      | $1174812.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD                       | NUTRIEN LTD                                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    906383 | NS      | $62404734.15  | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                       | CORTEVA INC                                   | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |   1266100 | NS      | $92172080.00  | 7.73%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC                       | OVINTIV INC                                   | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    233800 | NS      | $10163286.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                         | SHELL PLC                                     | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   1070273 | NS      | $41140770.80  | 3.45%             |  |  |  | No            |                  2 | On Loan: No      |
| IVANHOE ELECTRIC INC              | IVANHOE ELECTRIC INC                          | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |    285600 | NS      | $4880904.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC             | ANGLOGOLD ASHANTI PLC                         | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    250700 | NS      | $22600006.80  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| BUNGE GLOBAL SA                   | BUNGE GLOBAL SA                               | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |    443900 | NS      | $50551332.00  | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| G MINING VENTURES CORP            | G MINING VENTURES CORP                        | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    476600 | NS      | $15110213.34  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIJIN GOLD INTERNATIONAL CO LTD   | ZIJIN GOLD INTERNATIONAL CO LTD               | CUSIP: N/A<br>LEI: 254900FINUJR4MZ8A417       | Long             | EC               | CORP              | HK        |     76452 | NS      | $2139297.65   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUANGXIN INDUSTRIES HOLDINGS LTD | CHUANGXIN INDUSTRIES HOLDINGS LTD             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1384500 | NS      | $4430626.85   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| USA RARE EARTH INC                | USA RARE EARTH INC A PIPE                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     53151 | NS      | $1191645.42   | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer