# EDGAR Filing Document

**Accession Number:** 0001313510
**File Stem:** 0001752724-25-212180
**Filing Date:** 2025-8
**Character Count:** 81150
**Document Hash:** afe33b02ed3c505a6944b34c6ef300ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212180.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212180

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GAMCO Global Gold, Natural Resources & Income Trust
- **CENTRAL INDEX KEY:** 0001313510

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21698
- **FILM NUMBER:** 251276669

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 9149217728

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580-1422

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAMCO Global Gold, Natural Resources & Income Trust by Gabelli
- **DATE OF NAME CHANGE:** 20111222

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gabelli Global Gold, Natural Resources & Income Trust
- **DATE OF NAME CHANGE:** 20050112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gabelli Gold, Natural Resources & Income Trust
- **DATE OF NAME CHANGE:** 20050105

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GAMCO Global Gold, Natural Resources & Income Trust

- **b. Investment Company Act file number:** 811-21698

- **c. CIK number of Registrant:** 0001313510

- **d. LEI of Registrant:** SMXWLGD6Z5E8SLAQDA43

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

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

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

- **a. Name of Series:** GAMCO Global Gold, Natural Resources & Income Trust

- **c. LEI of Series:** SMXWLGD6Z5E8SLAQDA43

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $851000801.30

**Total Liabilities:** $158751411.86

**Net Assets:** $692249389.44

**Cash Not Reported:** $18326704.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -3.67%               | 4.54%                | 1.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10164453.88             | $-20632045.04                              |
| Month 2  | $2214450.07              | $15955714.07                               |
| Month 3  | $-7902565.52             | $18594656.26                               |

**Designated Index Information**

- **Index Name:** GAMCO Global Gold Natural Resources and Income Trust - ExDerivatives

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY & CO. LLC                 | SHELL PLC                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -955 | NC      | $-215568.62   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | OCEANAGOLD CORP                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -6900 | NC      | $-6283200.04  | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | KINROSS GOLD CORP              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -3500 | NC      | $-696018.05   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | FRANCO-NEVADA CORP             | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |      -333 | NC      | $-377541.95   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | BAKER HUGHES CO                | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -510 | NC      | $-361.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Victoria Gold Corp/Vancouver             | Victoria Gold Corp/Vancouver   | CUSIP: 92625W507<br>LEI: 9845005Q1367V3D4N057 | Long             | EC               | CORP              | CA        |    540000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Energy Select Sector SPDR Fund           | Energy Select Sector SPDR Fund | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |     44400 | NS      | $3765564.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENDEAVOUR MINING PLC           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -2400 | NC      | $-417392.74   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | SHELL PLC                      | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -900 | NC      | $-299408.94   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | WHEATON PRECIOUS METALS CORP   | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -835 | NC      | $-789545.77   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | ONEOK INC                      | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -290 | NC      | $-36808.37    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | DIAMONDBACK ENERGY INC         | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |       -80 | NC      | $-21382.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | PHILLIPS 66                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -282 | NC      | $-104636.18   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | G MINING VENTURES CORP         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2135 | NC      | $-32324.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Gold Inc                           | Royal Gold Inc                 | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     65000 | NS      | $11559600.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | RIO TINTO PLC                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |     -1120 | NC      | $-226529.41   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| FBN SECURITIES, INC.                     | DEVON ENERGY CORP              | CUSIP: 000000000<br>LEI: 549300IZFVXL9ZPJFM37 | N/A              | DE               | CORP              | US        |      -506 | NC      | $-33753.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Artemis Gold Inc                         | Artemis Gold Inc               | CUSIP: 04302L100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    515000 | NS      | $9367762.07   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                          | Gold Fields Ltd                | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    227600 | NS      | $5387292.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd                   | Westgold Resources Ltd         | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |   4910826 | NS      | $9276012.58   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                       | Franco-Nevada Corp             | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    105300 | NS      | $17260776.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                       | Coterra Energy Inc             | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    128500 | NS      | $3261330.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | EQUINOX GOLD CORP              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -3520 | NC      | $-74084.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | WESDOME GOLD MINES LTD         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2500 | NC      | $-397048.83   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | WESDOME GOLD MINES LTD         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2125 | NC      | $-369276.70   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                            | BHP Group Ltd                  | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    382100 | NS      | $18375189.00  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | KINROSS GOLD CORP              | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |     -6750 | NC      | $-1015597.58  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENI SPA                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -289 | NC      | $-70794.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | BP PLC                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -760 | NC      | $-55650.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | KINDER MORGAN INC              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -1300 | NC      | $-225489.55   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                | ALAMOS GOLD INC                | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |     -1535 | NC      | $-161175.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | LUNDIN GOLD INC                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -1136 | NC      | $-2560971.20  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC.           | PHILLIPS 66                    | CUSIP: 000000000<br>LEI: 549300HOF34RGOJ5YL07 | N/A              | DE               | CORP              | US        |      -217 | NC      | $-778.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                        | Suncor Energy Inc              | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    104600 | NS      | $3917270.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                           | Halliburton Co                 | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    156800 | NS      | $3195584.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | G MINING VENTURES CORP         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2135 | NC      | $-15075.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | FREEPORT-MCMORAN INC           | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |     -1720 | NC      | $-830663.68   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| SCOTIA CAPITAL (USA) INC.                | ANGLOGOLD ASHANTI PLC          | CUSIP: 000000000<br>LEI: 549300BLWPABP1VNME36 | N/A              | DE               | CORP              | US        |      -410 | NC      | $-228477.54   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | OCCIDENTAL PETROLEUM CORP      | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |      -270 | NC      | $-29018.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | EOG RESOURCES INC              | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |      -300 | NC      | $-126964.47   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | IAMGOLD CORP                   | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |     -2000 | NC      | $-249926.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp                             | Chevron Corp                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177100 | NS      | $25358949.00  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HECLA MINING CO                          | Hecla Mining Co                | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017102.00   | 0.29%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9170000 | PA      | $9099674.35   | 1.31%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1420000 | PA      | $1411360.89   | 0.20%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | DIAMONDBACK ENERGY INC         | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |      -145 | NC      | $-3464.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources Inc                        | EOG Resources Inc              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    101300 | NS      | $12116493.00  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | WILLIAMS COS INC/THE           | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -765 | NC      | $-445412.22   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Aya Gold & Silver Inc                    | Aya Gold & Silver Inc          | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    180000 | NS      | $1619239.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | VANECK GOLD MINERS ETF/USA     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -1750 | NC      | $-73115.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SCOTIA CAPITAL (USA) INC.                | VANECK GOLD MINERS ETF/USA     | CUSIP: 000000000<br>LEI: 549300BLWPABP1VNME36 | N/A              | DE               | CORP              | US        |     -1710 | NC      | $-92018.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | EXPAND ENERGY CORP             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -220 | NC      | $-44198.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | CHEVRON CORP                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |      -213 | NC      | $-160518.38   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.          | ENERGY SELECT SECTOR SPDR FUND | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -835 | NC      | $-79325.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ALLIED GOLD CORP                         | Allied Gold Corp               | CUSIP: 01921DAA3<br>LEI: 894500S5G4JFSRGK8L37 | Long             | DBT              | CORP              | CA        |   2250000 | PA      | $2025000.00   | 0.29%             | 2028-09-07      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | VALERO ENERGY CORP             | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -192 | NC      | $-116319.09   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Alamos Gold Inc                          | Alamos Gold Inc                | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    774000 | NS      | $20557440.00  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | SCHLUMBERGER NV                | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -735 | NC      | $-7.79        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Silver Corp                    | Discovery Silver Corp          | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |   1466000 | NS      | $3208136.59   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                          | Baker Hughes Co                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171700 | NS      | $6582978.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | WHEATON PRECIOUS METALS CORP   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -872 | NC      | $-473631.07   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger NV                          | Schlumberger NV                | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |    235200 | NS      | $7949760.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | WHEATON PRECIOUS METALS CORP   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -886 | NC      | $-559804.84   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                         | TotalEnergies SE               | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    207600 | NS      | $12744564.00  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                          | Lundin Gold Inc                | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    355600 | NS      | $18775575.55  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | GOLD FIELDS LTD                | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -850 | NC      | $-321165.36   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | CHEVRON CORP                   | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -504 | NC      | $-98255.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | WESDOME GOLD MINES LTD         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2200 | NC      | $-225586.80   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | NEWMONT CORP                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -1328 | NC      | $-284192.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | EXXON MOBIL CORP               | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |     -1338 | NC      | $-426463.29   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | ANGLOGOLD ASHANTI PLC          | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -780 | NC      | $-397641.27   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | OCEANAGOLD CORP                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -7400 | NC      | $-6655741.23  | -0.96%            |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    111530 | NS      | $10008702.20  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | PAN AMERICAN SILVER CORP       | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -700 | NC      | $-108154.76   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                   | BP PLC                         | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    233400 | NS      | $6985662.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN STAR RESOU                      | Northern Star Resources Ltd    | CUSIP: 66573RAA6<br>LEI: 254900XFXCRYYZAX6M78 | Long             | DBT              | CORP              | AU        |   5250000 | PA      | $5476767.92   | 0.79%             | 2033-04-11      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | EXXON MOBIL CORP               | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |     -1150 | NC      | $-6865.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | RIO TINTO PLC                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -1120 | NC      | $-69359.02    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                              | Phillips 66                    | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     74900 | NS      | $8935570.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | BARRICK MINING CORP            | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |      -916 | NC      | $-72320.40    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | AGNICO EAGLE MINES LTD         | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -223 | NC      | $-147399.88   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | APA CORP                       | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -678 | NC      | $-506.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bellevue Gold Ltd                        | Bellevue Gold Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   4605131 | NS      | $2727780.27   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | EQT CORP                       | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -494 | NC      | $-507135.56   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.          | IAMGOLD CORP                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |     -2245 | NC      | $-202050.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp             | Wheaton Precious Metals Corp   | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    275850 | NS      | $24771330.00  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                    | Anglogold Ashanti Plc          | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |    318900 | NS      | $14532273.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                          | Orla Mining Ltd                | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |    463000 | NS      | $4639260.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                        | Devon Energy Corp              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    101200 | NS      | $3219172.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | FRANCO-NEVADA CORP             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -400 | NC      | $-1375100.84  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | SUNCOR ENERGY INC              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -336 | NC      | $-35453.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | FREEPORT-MCMORAN INC           | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |     -1722 | NC      | $-650612.76   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | EXXON MOBIL CORP               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -1315 | NC      | $-122521.97   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | TOTALENERGIES SE               | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |      -705 | NC      | $-42079.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | EQT CORP                       | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |      -380 | NC      | $-338982.99   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS SECURITIES LLC                       | EOG RESOURCES INC              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               | CORP              | US        |      -380 | NC      | $-178311.54   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32640000 | PA      | $32338219.05  | 4.67%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | MARATHON PETROLEUM CORP        | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |      -220 | NC      | $-253485.17   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3335000 | PA      | $3328863.60   | 0.48%             | 2025-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                | FRANCO-NEVADA CORP             | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -320 | NC      | $-233600.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Gold Road Resources Ltd                  | Gold Road Resources Ltd        | CUSIP: 000000000<br>LEI: 213800HJWH96TDEMNY83 | Long             | EC               | CORP              | AU        |   2273055 | NS      | $4891956.45   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOTIA CAPITAL (USA) INC.                | ANGLOGOLD ASHANTI PLC          | CUSIP: 000000000<br>LEI: 549300BLWPABP1VNME36 | N/A              | DE               | CORP              | US        |      -988 | NC      | $-444279.39   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd                     | Evolution Mining Ltd           | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   2015000 | NS      | $10330881.83  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | HESS CORP                      | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |      -105 | NC      | $-71568.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                  | Eni SpA                        | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    329000 | NS      | $5332626.77   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FBN SECURITIES, INC.                     | VALERO ENERGY CORP             | CUSIP: 000000000<br>LEI: 549300IZFVXL9ZPJFM37 | N/A              | DE               | CORP              | US        |      -192 | NC      | $-167632.53   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp                      | Barrick Mining Corp            | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    588300 | NS      | $12248406.00  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                   | AngloGold Ashanti Holdings PLC | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |   2250000 | PA      | $2100987.97   | 0.30%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | KINROSS GOLD CORP              | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |     -5990 | NC      | $-581419.35   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| K92 Mining Inc                           | K92 Mining Inc                 | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |   1092500 | NS      | $12322966.77  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS SECURITIES LLC                       | CONOCOPHILLIPS                 | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               | CORP              | US        |      -315 | NC      | $-86770.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | HALLIBURTON CO                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -518 | NC      | $-13157.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp                                 | EQT Corp                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    127200 | NS      | $7418304.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | KINROSS GOLD CORP              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |     -3500 | NC      | $-696018.05   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SCOTIA CAPITAL (USA) INC.                | ALAMOS GOLD INC                | CUSIP: 000000000<br>LEI: 549300BLWPABP1VNME36 | N/A              | DE               | CORP              | US        |     -3050 | NC      | $-1573866.49  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                | VANECK GOLD MINERS ETF/USA     | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |     -1570 | NC      | $-75360.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | TARGA RESOURCES CORP           | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -155 | NC      | $-150509.34   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | COTERRA ENERGY INC             | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -600 | NC      | $-65530.86    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10975000 | PA      | $10865005.48  | 1.57%             | 2025-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | GLENCORE PLC                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -275 | NC      | $-27582.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | WILLIAMS COS INC/THE           | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |      -786 | NC      | $-312159.19   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | PAN AMERICAN SILVER CORP       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |      -350 | NC      | $-111668.59   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| G Mining Ventures Corp                   | G Mining Ventures Corp         | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    583500 | NS      | $7618601.06   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                   | Diamondback Energy Inc         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     33700 | NS      | $4630380.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD CORP                             | IAMGOLD Corp                   | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1983101.20   | 0.29%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | KINDER MORGAN INC              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -1350 | NC      | $-184932.45   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | TOTALENERGIES SE               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -666 | NC      | $-68882.98    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                        | Kinder Morgan Inc              | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    401600 | NS      | $11807040.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | HALLIBURTON CO                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -500 | NC      | $-2526.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                         | Exxon Mobil Corp               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    437083 | NS      | $47117547.40  | 6.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                            | Rio Tinto PLC                  | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    324000 | NS      | $18898920.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | NEWMONT CORP                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -2000 | NC      | $-576477.80   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $1883888.00   | 0.27%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | TARGA RESOURCES CORP           | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -133 | NC      | $-1361.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $983719.31    | 0.14%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Equinox Gold Corp                        | Equinox Gold Corp              | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    418000 | NS      | $2403500.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | BP PLC                         | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |      -767 | NC      | $-21703.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | FREEPORT-MCMORAN INC           | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |     -1720 | NC      | $-275064.98   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENERGY SELECT SECTOR SPDR FUND | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -788 | NC      | $-258464.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | TARGA RESOURCES CORP           | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -133 | NC      | $-74333.97    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | K92 MINING INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -3425 | NC      | $-720818.95   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                     | Williams Cos Inc/The           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    221100 | NS      | $13887291.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                     | Freeport-McMoRan Inc           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    516200 | NS      | $22377270.00  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | SUNCOR ENERGY INC              | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -335 | NC      | $-47638.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | AGNICO EAGLE MINES LTD         | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -278 | NC      | $-333300.87   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | SHELL PLC                      | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -844 | NC      | $-298341.34   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Valero Energy Corp                       | Valero Energy Corp             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     57600 | NS      | $7742592.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | HESS CORP                      | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -100 | NC      | $-85548.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | ELDORADO GOLD CORP             | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |     -2550 | NC      | $-260534.52   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | BHP GROUP LTD                  | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |     -1081 | NC      | $-62274.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                     | Freeport-McMoRan Inc           | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2220635.70   | 0.32%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OCEANAGOLD CORP                          | OCEANAGOLD CORP                | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |    476667 | NS      | $6727764.52   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                | Hess Corp                      | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     29700 | NS      | $4114638.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | BAKER HUGHES CO                | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -610 | NC      | $-113466.16   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENI SPA                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -179 | NC      | $-10835.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | TOTALENERGIES SE               | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |      -705 | NC      | $-167358.12   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| IAMGOLD Corp                             | IAMGOLD Corp                   | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    660500 | NS      | $4854675.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | RIO TINTO PLC                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -1000 | NC      | $-62730.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BMO NESBITT BURNS INC.                   | ORLA MINING LTD                | CUSIP: 000000000<br>LEI: M3LKFDNSJGJ7TMLH6Z15 | N/A              | DE               | CORP              | CA        |     -2500 | NC      | $-163983.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | HALLIBURTON CO                 | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -550 | NC      | $-27882.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | WILLIAMS COS INC/THE           | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |      -660 | NC      | $-460273.97   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | GOLD FIELDS LTD                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -340 | NC      | $-85862.41    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3285000 | PA      | $3276263.94   | 0.47%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | K92 MINING INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -4000 | NC      | $-513163.21   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | KINDER MORGAN INC              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -1366 | NC      | $-333831.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp                       | Eldorado Gold Corp             | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    504500 | NS      | $10261530.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS SECURITIES LLC                       | DIAMONDBACK ENERGY INC         | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               | CORP              | US        |      -112 | NC      | $-36748.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | BHP GROUP LTD                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -1240 | NC      | $-8612.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | GOLD FIELDS LTD                | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -420 | NC      | $-75149.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Aris Mining Corp                         | Aris Mining Corp               | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |    200000 | NS      | $1346796.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                        | Equinox Gold Corp              | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    717010 | NS      | $4138570.66   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                | ONEOK Inc                      | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    115000 | NS      | $9387450.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | PAN AMERICAN SILVER CORP       | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -340 | NC      | $-134823.43   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dundee Precious Metals Inc               | Dundee Precious Metals Inc     | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    669600 | NS      | $10758838.26  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                            | United States Treasury Bill    | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31965000 | PA      | $31797084.34  | 4.59%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | BHP GROUP LTD                  | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |     -1500 | NC      | $-174563.55   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| KINROSS GOLD CORP                        | Kinross Gold Corp              | CUSIP: 496902AR8<br>LEI: 549300UEBMAQDN0K0R06 | Long             | DBT              | CORP              | CA        |   3700000 | PA      | $3980295.54   | 0.57%             | 2033-07-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | VALERO ENERGY CORP             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -192 | NC      | $-97477.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                   | Agnico Eagle Mines Ltd         | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     50100 | NS      | $5958393.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | BARRICK MINING CORP            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -2921 | NC      | $-131359.71   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | EXPAND ENERGY CORP             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -220 | NC      | $-86656.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | EXXON MOBIL CORP               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -567 | NC      | $-364080.17   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| APA Corp                                 | APA Corp                       | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     67800 | NS      | $1240062.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | DUNDEE PRECIOUS METALS INC     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2670 | NC      | $-568013.65   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                     | Endeavour Mining PLC           | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    702600 | NS      | $21664897.37  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | NEWMONT CORP                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -375 | NC      | $-101027.96   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd                       | Perseus Mining Ltd             | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   3910294 | NS      | $8750103.99   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Select Sector SPDR Fund           | Energy Select Sector SPDR Fund | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Short            | EC               | RF                | US        |    -44400 | NS      | $-3765564.00  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | ROYAL GOLD INC                 | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |      -171 | NC      | $-55205.02    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                 | Pan American Silver Corp       | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    214000 | NS      | $6077600.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                  | Marathon Petroleum Corp        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     64000 | NS      | $10631040.00  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | K92 MINING INC                 | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -3500 | NC      | $-113936.92   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | BARRICK MINING CORP            | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |     -2046 | NC      | $-109900.69   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | HESS CORP                      | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -92 | NC      | $-8822.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | LUNDIN GOLD INC                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -1260 | NC      | $-552785.85   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.          | IAMGOLD CORP                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |     -2360 | NC      | $-118000.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | ORLA MINING LTD                | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |     -2130 | NC      | $-155381.16   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                | Shell PLC                      | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    286100 | NS      | $20144301.00  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | PAN AMERICAN SILVER CORP       | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -750 | NC      | $-66710.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | SHELL PLC                      | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -162 | NC      | $-75492.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                 | Devon Energy Corp              | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    245000 | PA      | $242521.44    | 0.04%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | DUNDEE PRECIOUS METALS INC     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -1540 | NC      | $-360424.80   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENI SPA                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -190 | NC      | $-40263.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Targa Resources Corp                     | Targa Resources Corp           | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     42100 | NS      | $7328768.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.          | ENERGY SELECT SECTOR SPDR FUND | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -825 | NC      | $-30525.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | NEWMONT CORP                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |     -2000 | NC      | $-647077.40   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | CONOCOPHILLIPS                 | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -390 | NC      | $-28891.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | CHEVRON CORP                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |      -545 | NC      | $-263291.90   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Expand Energy Corp                       | Expand Energy Corp             | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     44000 | NS      | $5145360.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | SUNCOR ENERGY INC              | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |      -375 | NC      | $-20026.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | BP PLC                         | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -403 | NC      | $-16612.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                | ALAMOS GOLD INC                | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |     -2233 | NC      | $-453299.00   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | MARATHON PETROLEUM CORP        | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -200 | NC      | $-144919.94   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | EOG RESOURCES INC              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -333 | NC      | $-3651.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp                             | Newmont Corp                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    632800 | NS      | $36866928.00  | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | OCCIDENTAL PETROLEUM CORP      | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-6893.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wesdome Gold Mines Ltd                   | Wesdome Gold Mines Ltd         | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |    682500 | NS      | $9507637.23   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | CONOCOPHILLIPS                 | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -410 | NC      | $-358.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | SCHLUMBERGER NV                | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |      -835 | NC      | $-21133.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp                | Occidental Petroleum Corp      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     74000 | NS      | $3108740.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | ONEOK INC                      | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |      -475 | NC      | $-8853.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | EQT CORP                       | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |      -398 | NC      | $-208516.58   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | SCHLUMBERGER NV                | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -782 | NC      | $-39037.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | ENDEAVOUR MINING PLC           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2226 | NC      | $-302053.37   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | MARATHON PETROLEUM CORP        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -220 | NC      | $-325436.47   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | OCCIDENTAL PETROLEUM CORP      | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -230 | NC      | $-119.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd              | Northern Star Resources Ltd    | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |   2770276 | NS      | $33821420.12  | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | DUNDEE PRECIOUS METALS INC     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2486 | NC      | $-646304.68   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                             | Glencore PLC                   | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    550000 | NS      | $2141059.47   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | ENDEAVOUR MINING PLC           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |     -2400 | NC      | $-927757.08   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | CHEVRON CORP                   | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |      -509 | NC      | $-3695.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | WHEATON PRECIOUS METALS CORP   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -165 | NC      | $-156018.03   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | GOLD FIELDS LTD                | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -320 | NC      | $-136876.90   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | COTERRA ENERGY INC             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -685 | NC      | $-612.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | PHILLIPS 66                    | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -250 | NC      | $-64594.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | DEVON ENERGY CORP              | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -506 | NC      | $-36183.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | BAKER HUGHES CO                | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -597 | NC      | $-17257.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                        | Kinross Gold Corp              | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |   1974000 | NS      | $30853620.00  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | ONEOK INC                      | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -385 | NC      | $-130219.32   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** GAMCO Global Gold, Natural Resources & Income Trust

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer