# EDGAR Filing Document

**Accession Number:** 0001680255
**File Stem:** 0001752724-23-009329
**Filing Date:** 2023-1
**Character Count:** 31353
**Document Hash:** 46b603350667acb092b0d62fec914edc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009329.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009329

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goehring & Rozencwajg Investment Funds
- **CENTRAL INDEX KEY:** 0001680255
- **IRS NUMBER:** 816652260
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23177
- **FILM NUMBER:** 23546225

**BUSINESS ADDRESS:**
- **STREET 1:** 110 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 646-216

**MAIL ADDRESS:**
- **STREET 1:** 110 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

## Series and Classes Contracts Data

### Goehring & Rozencwajg Resources Fund (Series ID: S000055275)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000173812 | Institutional Class Shares | GRHIX           |
| C000173813 | Retail Class Shares        | GRHAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GOEHRING & ROZENCWAJG INVESTMENT FUNDS

- **b. Investment Company Act file number:** 811-23177

- **c. CIK number of Registrant:** 0001680255

- **d. LEI of Registrant:** 549300V4E6KKGCXU1376

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

  - **Street Address 1:** 110 WALL STREET

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005

  - **Telephone number:** 6462169777

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

- **a. Name of Series:** Goehring & Rozencwajg Resources Fund

- **b. EDGAR series identifier (if any):** S000055275

- **c. LEI of Series:** 549300Y91FH02GJC8555

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $211684678.05

**Total Liabilities:** $210314.64

**Net Assets:** $211474363.41

**Cash Not Reported:** $22668.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173813 | -12.19%              | 12.70%               | 2.74%                |
| Class ID C000173812 | -12.22%              | 12.67%               | 2.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2.48                   | $-23645083.41                              |
| Month 2  | $1.66                    | $21509629.60                               |
| Month 3  | $2.06                    | $4881880.75                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Transocean Ltd                     | Transocean Ltd.                                 | CUSIP: H8817H100<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |    267144 | NS      | $1135362.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria Gold Corp                 | Victoria Gold Corp.                             | CUSIP: N/A<br>LEI: 549300VUIN6RQ5764L78       | Long             | EC               | CORP              | CA        |    156920 | NS      | $947247.82    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Resources Inc                 | Arch Coal, Inc. - Class A                       | CUSIP: 03940R107<br>LEI: W47HVZ7Q6FXL86RELH91 | Long             | EC               | CORP              | US        |     24300 | NS      | $3760425.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Mmc Norilsk Nickel Pjsc            | MMC Norilsk Nickel PJSC                         | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |         5 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Reunion Gold Corp                  | Reunion Gold Corp.                              | CUSIP: N/A<br>LEI: 529900LHARW89HNB2C60       | Long             | EC               | CORP              | CA        |   4315601 | NS      | $1379555.02   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Uranium Trust      | Sprott Physical Uranium Trust                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | CA        |    610888 | NS      | $6880238.78   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc              | Civitas Resources, Inc.                         | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     73490 | NS      | $4950286.40   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                    | Orla Mining, Ltd.                               | CUSIP: N/A<br>LEI: 529900DU63EUQ1UZKL30       | Long             | EC               | CORP              | CA        |    437550 | NS      | $1626398.54   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Minera Alamos Inc                  | Minera Alamos, Inc.                             | CUSIP: N/A<br>LEI: 254900I6L38EFNS8Z440       | Long             | EC               | CORP              | CA        |   1876309 | NS      | $620717.03    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Maverix Metals Inc                 | Maverix Metals, Inc.                            | CUSIP: N/A<br>LEI: 549300CPYYBEBU8HQN80       | Long             | EC               | CORP              | CA        |     93767 | NS      | $409879.91    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Consol Energy Inc                  | CONSOL Energy, Inc.                             | CUSIP: 20854L108<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     86400 | NS      | $6691680.00   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                        | Nutrien Ltd.                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     65845 | NS      | $5293938.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Artemis Gold Inc                   | Artemis Gold, Inc.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    171890 | NS      | $594200.28    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trilogy Metals Inc                 | Trilogy Metals, Inc.                            | CUSIP: N/A<br>LEI: 52990084YC9OR0TUH237       | Long             | EC               | CORP              | CA        |    646001 | NS      | $374590.77    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Orezone Gold Corp                  | Orezone Gold Corp.                              | CUSIP: N/A<br>LEI: 529900ZRY6WGGRC9Z698       | Long             | EC               | CORP              | CA        |    487411 | NS      | $460180.63    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                  | NexGen Energy, Ltd.                             | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |    516592 | NS      | $2448646.08   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Offshore Drilling Inc      | Diamond Offshore Drilling, Inc.                 | CUSIP: 25271C201<br>LEI: F14FQJ2EEHW5VPYUHL14 | Long             | EC               | CORP              | US        |    295460 | NS      | $2827552.20   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabina Gold & Silver Corp          | Sabina Gold & Silver Corp.                      | CUSIP: N/A<br>LEI: 529900MU3GT5P0ZH7V65       | Long             | EC               | CORP              | CA        |    669050 | NS      | $641619.52    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                     | K92 Mining, Inc.                                | CUSIP: N/A<br>LEI: 254900EA8H0X9FEVZU11       | Long             | EC               | CORP              | CA        |    174200 | NS      | $1001052.67   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United Co Rusal International Pjsc | United Co. RUSAL International PJSC             | CUSIP: N/A<br>LEI: 213800WNO9IQTTI4PG55       | Long             | EC               | CORP              | RU        |   1326798 | NS      | $635290.78    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-mcmoran Inc               | Freeport-McMoRan, Inc.                          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     82290 | NS      | $3275142.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                 | Lundin Mining Corp.                             | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    147032 | NS      | $905047.73    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp             | Permian Resources Corp.                         | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     76693 | NS      | $779200.88    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining Plc               | Endeavour Mining PLC                            | CUSIP: G3040R158<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     80690 | NS      | $1712596.74   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Championx Corp                     | ChampionX Corp.                                 | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    110182 | NS      | $3398012.88   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp                | Centrus Energy Corp.                            | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     67420 | NS      | $2561960.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd         | First Quantum Minerals Ltd.                     | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     86837 | NS      | $2064488.91   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Frgn/diamond Fin           | Diamond Foreign Asset Co. / Diamond Finance LLC | CUSIP: 25260WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     78401 | PA      | $75264.96     | 0.04%             | 2027-04-22      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Los Andes Copper Ltd               | Los Andes Copper, Ltd.                          | CUSIP: N/A<br>LEI: 529900KB4NEC2LETLR81       | Long             | EC               | CORP              | CA        |     34403 | NS      | $351920.07    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Offshore Drilling Inc      | Diamond Offshore Drilling, Inc.                 | CUSIP: 25271C110<br>LEI: F14FQJ2EEHW5VPYUHL14 | N/A              | DE               | CORP              | US        |      4732 | NC      | $6624.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                        | Ovintiv, Inc.                                   | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28582 | NS      | $1593732.32   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Skeena Resources Ltd               | Skeena Resources, Ltd.                          | CUSIP: 83056P715<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |    143252 | NS      | $786999.43    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / Us          | Ivanhoe Electric, Inc. / US                     | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118419 | NS      | $1122256.86   | 0.53%             |  |  |  | No            |                  3 | On Loan: No      |
| Laredo Petroleum Inc               | Laredo Petroleum, Inc.                          | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     30039 | NS      | $1917389.37   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                        | Valaris, Ltd.                                   | CUSIP: G9460G101<br>LEI: 7N0UJMJLXD0MDT5D5086 | Long             | EC               | CORP              | BM        |     18635 | NS      | $1230096.35   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Eqt Corp                           | EQT Corp.                                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    214689 | NS      | $9104960.49   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp           | Pan American Silver Corp.                       | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     86730 | NS      | $1421504.70   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc             | Diamondback Energy, Inc.                        | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     22769 | NS      | $3370267.38   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mako Mining Corp                   | Mako Mining Corp.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1979714 | NS      | $206043.91    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp                         | Berry Petroleum Corp.                           | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133065 | NS      | $1198915.65   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                      | Tidewater, Inc.                                 | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      2641 | NS      | $80286.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Co                | Callon Petroleum Co.                            | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |     11756 | NS      | $492811.52    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellevue Gold Ltd                  | Bellevue Gold, Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    734159 | NS      | $548140.16    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                 | Denison Mines Corp.                             | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |   1216400 | NS      | $1484008.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Pdc Energy Inc                     | PDC Energy, Inc.                                | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     78132 | NS      | $5806770.24   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp             | Chesapeake Energy Corp.                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     39595 | NS      | $4098082.46   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tietto Minerals Ltd                | Tietto Minerals, Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1225233 | NS      | $673616.19    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc      | Oceaneering International, Inc.                 | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    151186 | NS      | $2296515.34   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelsior Mining Corp              | Excelsior Mining Corp.                          | CUSIP: 300763208<br>LEI: 529900D3J6SRW92GKY67 | Long             | EC               | CORP              | CA        |    557182 | NS      | $68345.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nov Inc                            | NOV, Inc.                                       | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     64605 | NS      | $1451028.30   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                        | Cameco Corp.                                    | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    318590 | NS      | $7767224.20   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc  | Alta Mesa Resources, Inc. - Class A             | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30873 | NS      | $5286383.79   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Apa Corp                           | APA Corp.                                       | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     59638 | NS      | $2794040.30   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co               | Matador Resources Co.                           | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    108927 | NS      | $7228395.72   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp Plc          | Caledonia Mining Corp. PLC                      | CUSIP: G1757E113<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |     89078 | NS      | $965605.52    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp              | Antero Resources Corp.                          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    300309 | NS      | $10976293.95  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Asante Gold Corp                   | Asante Gold Corp.                               | CUSIP: N/A<br>LEI: 529900F9PV1G9S5YD446       | Long             | EC               | CORP              | CA        |    522470 | NS      | $462208.16    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                   | Schlumberger, Ltd.                              | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     63850 | NS      | $3291467.50   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                  | Equinox Gold Corp.                              | CUSIP: N/A<br>LEI: 5493005IN4V1SNP9PN75       | Long             | EC               | CORP              | CA        |    342700 | NS      | $1207596.18   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                  | Ivanhoe Mines Ltd. - Class A                    | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    408055 | NS      | $3652367.54   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                      | Tidewater, Inc.                                 | CUSIP: 88642R141<br>LEI: 2549000JA5GRUPLMUH98 | N/A              | DE               | CORP              | US        |       920 | NC      | $27958.80     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Uranium Energy Corp                | Uranium Energy Corp.                            | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    363722 | NS      | $1411241.36   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Osisko Mining Inc                  | Osisko Mining, Inc.                             | CUSIP: 688278100<br>LEI: 254900SJU6CW31RVHW15 | Long             | EC               | CORP              | CA        |    793700 | NS      | $2118264.13   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Loncor Gold Warrants                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    900000 | NC      | $0.67         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cf Industries Holdings Inc         | CF Industries Holdings, Inc.                    | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     46994 | NS      | $5084280.86   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc                | Intrepid Potash, Inc.                           | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |     71090 | NS      | $2562794.50   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Gold Corp                 | Marathon Gold Corp.                             | CUSIP: 56580Q102<br>LEI: 52990063E8H31CA3UR10 | Long             | EC               | CORP              | CA        |    575078 | NS      | $427519.61    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nac Kazatomprom Jsc                | NAC Kazatomprom JSC                             | CUSIP: N/A<br>LEI: 5493008JG5TXJP2JSY44       | Long             | EC               | CORP              | KZ        |    200704 | NS      | $5639782.40   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountain Province Diamonds Inc     | Mountain Province Diamonds, Inc.                | CUSIP: 62426E402<br>LEI: 549300Y5548SJTH51N28 | Long             | EC               | CORP              | CA        |    321015 | NS      | $131255.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Novagold Resources Inc             | Novagold Resources, Inc.                        | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | CA        |    126390 | NS      | $729270.30    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ces Energy Solutions Corp          | CES Energy Solutions Corp.                      | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |    130036 | NS      | $277443.65    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ero Copper Corp                    | ERO Copper Corp.                                | CUSIP: N/A<br>LEI: 549300KL8A21SEIO8I47       | Long             | EC               | CORP              | CA        |    108917 | NS      | $1378921.69   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp Plc                     | Noble Corp. PLC                                 | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     69864 | NS      | $2594057.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogold Resources Inc               | GoGold Resources, Inc.                          | CUSIP: N/A<br>LEI: 549300PNCGJ26Y676N19       | Long             | EC               | CORP              | CA        |    799755 | NS      | $1165312.27   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Loncor Gold Inc                    | Loncor Gold, Inc.                               | CUSIP: N/A<br>LEI: 984500A3C7E387C68B41       | Long             | EC               | CORP              | CA        |   1800000 | NS      | $468349.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerigo Resources Ltd              | Amerigo Resources Ltd.                          | CUSIP: 03074G109<br>LEI: 5299000WW697YX8VQX13 | Long             | EC               | CORP              | CA        |    978818 | NS      | $945963.94    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co       | Pioneer Natural Resources Co.                   | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     37695 | NS      | $8895643.05   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                        | Corteva, Inc.                                   | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     31536 | NS      | $2117957.76   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mmc Norilsk Nickel Pjsc            | MMC Norilsk Nickel PJSC                         | CUSIP: B5B1TX901<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      2855 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Range Resources Corp               | Range Resources Corp.                           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    524100 | NS      | $15130767.00  | 7.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Copper Mountain Mining Corp        | Copper Mountain Mining Corp.                    | CUSIP: 21750U101<br>LEI: 5493006C53WJSL5MMV91 | Long             | EC               | CORP              | CA        |    677253 | NS      | $921364.15    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/the                      | Mosaic Co.                                      | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    154917 | NS      | $7947242.10   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/canada            | Energy Fuels, Inc.                              | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |    358900 | NS      | $2490766.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** GOEHRING & ROZENCWAJG INVESTMENT FUNDS

**Signature:** Kevin OFriel

**Name of Signer:** Kevin OFriel

**Title:** Chief Operating Officer/Chief Compliance Officer