# EDGAR Filing Document

**Accession Number:** 0000915802
**File Stem:** 0001049169-25-001131
**Filing Date:** 2025-12
**Character Count:** 110341
**Document Hash:** a66a231fa934f21b3992965416a5afc8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-001131.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001049169-25-001131

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FINANCIAL INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000915802

**ORGANIZATION NAME:**
- **EIN:** 841255767
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08194
- **FILM NUMBER:** 251606505

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 3036232577

**MAIL ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FGIC PUBLIC TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERAL PUBLIC TRUST
- **DATE OF NAME CHANGE:** 19931206

## Series and Classes Contracts Data

### ALPS | CoreCommodity Natural Resources ETF (Series ID: S000085672)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000251006 | ALPS | CoreCommodity Natural Resources ETF | CCNR            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FINANCIAL INVESTORS TRUST

- **b. Investment Company Act file number:** 811-08194

- **c. CIK number of Registrant:** 0000915802

- **d. LEI of Registrant:** 549300XD6LCPI5YWPZ35

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

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

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

- **a. Name of Series:** ALPS | CoreCommodity Natural Resources ETF

- **b. EDGAR series identifier (if any):** S000085672

- **c. LEI of Series:** 2549001BWITVW4H0S850

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $389707422.75

**Total Liabilities:** $127700.85

**Net Assets:** $389579721.90

**Cash Not Reported:** $118311.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251006 | 8.71%                | 6.21%                | 3.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3532483.79              | $23974389.16                               |
| Month 2  | $3749110.59              | $16622865.34                               |
| Month 3  | $-2978197.53             | $16043696.22                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Canada Packers Inc                                         | Canada Packers, Inc.                                                       | CUSIP: 135180107<br>LEI: 894500HMD2RU8EFIQ237 | Long             | EC               | CORP              | CA        |      5730 | NS      | $68349.01     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Copper Corp                                       | Southern Copper Corp.                                                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     34171 | NS      | $4742934.80   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| African Rainbow Minerals Ltd                               | African Rainbow Minerals, Ltd.                                             | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     44103 | NS      | $438804.18    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Northland Power Inc                                        | Northland Power, Inc.                                                      | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |    118280 | NS      | $2161431.96   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Capricorn Metals Ltd                                       | Capricorn Metals, Ltd.                                                     | CUSIP: N/A<br>LEI: 529900CRG304NUYMOV23       | Long             | EC               | CORP              | AU        |    128392 | NS      | $1079489.12   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissui Corp                                                | Nissui Corp.                                                               | CUSIP: N/A<br>LEI: 529900MPH5BMANQ3EC50       | Long             | EC               | CORP              | JP        |    153547 | NS      | $1068083.73   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Igo Ltd                                                    | IGO, Ltd.                                                                  | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |    158523 | NS      | $556985.32    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bluescope Steel Ltd                                        | BlueScope Steel, Ltd.                                                      | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               | CORP              | AU        |     39105 | NS      | $585928.94    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Northam Platinum Holdings Ltd                              | Northam Platinum Holdings, Ltd.                                            | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |     95839 | NS      | $1602798.45   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Salmar Asa                                                 | Salmar ASA                                                                 | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |     17917 | NS      | $1007353.11   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                         | Eldorado Gold Corp.                                                        | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |     25366 | NS      | $650384.24    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sma Solar Technology Ag                                    | SMA Solar Technology AG                                                    | CUSIP: N/A<br>LEI: 529900Q6JQHI8X451Q21       | Long             | EC               | CORP              | DE        |     18277 | NS      | $546896.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Technologies Inc                                     | Tetra Technologies Inc                                                     | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    130481 | NS      | $921195.86    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                                           | Viper Energy, Inc.                                                         | CUSIP: 64361Q101<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     24292 | NS      | $912407.52    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Birchcliff Energy Ltd                                      | Birchcliff Energy, Ltd.                                                    | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |    103392 | NS      | $482110.21    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd                                 | China Mengniu Dairy Co., Ltd.                                              | CUSIP: B01B1L907<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |   1905966 | NS      | $3468269.20   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Vermilion Energy Inc                                       | Vermilion Energy, Inc.                                                     | CUSIP: 923725105<br>LEI: 8945009D1HGCJC8M8A68 | Long             | EC               | RF                | CA        |     88571 | NS      | $662443.26    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Mmg Ltd                                                    | MMG, Ltd.                                                                  | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |   1546703 | NS      | $1375413.29   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Eni Spa                                                    | Eni SpA                                                                    | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    104032 | NS      | $1911875.94   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cnx Resources Corp                                         | CNX Resources Corp.                                                        | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |      2167 | NS      | $72941.22     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Inpex Corp                                                 | Inpex Corp.                                                                | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    274382 | NS      | $5058200.39   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                                           | Talos Energy, Inc.                                                         | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    198257 | NS      | $1944901.17   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Topaz Energy Corp                                          | Topaz Energy Corp.                                                         | CUSIP: 89055A203<br>LEI: 98450056D90CB02FQ571 | Long             | EC               | CORP              | CA        |     20450 | NS      | $363056.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Chevron Corp                                               | Chevron Corp.                                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9502 | NS      | $1498655.44   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Totalenergies Se                                           | TotalEnergies SE                                                           | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     33842 | NS      | $2104470.99   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaria Energia Y Medio Ambiente Sa                        | Solaria Energia y Medio Ambiente SA                                        | CUSIP: N/A<br>LEI: 959800PM2YJU406K2789       | Long             | EC               | CORP              | ES        |     81376 | NS      | $1406495.29   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                         | Teck Resources, Ltd.                                                       | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     58779 | NS      | $2522794.68   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd                               | Impala Platinum Holdings, Ltd.                                             | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    153558 | NS      | $1650942.25   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc                         | Compass Minerals International, Inc.                                       | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     15038 | NS      | $260758.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro Asa                                            | Norsk Hydro ASA                                                            | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    402079 | NS      | $2720684.62   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Sany Heavy Equipment International Holdings Co Ltd         | Sany Heavy Equipment International Holdings Co., Ltd.                      | CUSIP: N/A<br>LEI: 254900BKG9FQLCKFVK72       | Long             | EC               | CORP              | KY        |    103061 | NS      | $97217.97     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mcewen Inc                                                 | McEwen Mining, Inc.                                                        | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Long             | EC               | CORP              | US        |     45782 | NS      | $839184.06    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Aperam Sa                                                  | APERAM SA                                                                  | CUSIP: N/A<br>LEI: 5493001136GE6L4R7M63       | Long             | EC               | CORP              | LU        |     13550 | NS      | $472610.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc                                       | Maple Leaf Foods, Inc.                                                     | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |     28655 | NS      | $550810.17    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                     | Agnico-Eagle Mines, Ltd.                                                   | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      1133 | NS      | $182226.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                               | Veralto Corp.                                                              | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     40684 | NS      | $4014697.12   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                                           | Green Plains, Inc.                                                         | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |    103747 | NS      | $1066519.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                                | Nutrien, Ltd.                                                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |       785 | NS      | $42743.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor Asa                                                | Equinor ASA                                                                | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    155519 | NS      | $3715536.49   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Renova Inc                                                 | RENOVA, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    135700 | NS      | $729967.56    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Iperionx Ltd                                               | IperionX, Ltd.                                                             | CUSIP: N/A<br>LEI: 98450096B1C9E094C832       | Long             | EC               | CORP              | AU        |    176253 | NS      | $784192.36    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshin Seifun Group Inc                                   | Nisshin Seifun Group, Inc.                                                 | CUSIP: N/A<br>LEI: 529900N4QFZS1P6PYX29       | Long             | EC               | CORP              | JP        |     84304 | NS      | $952666.38    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Steel Manufacturing Co Ltd                           | Tokyo Steel Manufacturing Co., Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     70466 | NS      | $622310.21    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Shougang Fushan Resources Group Ltd                        | Shougang Fushan Resources Group, Ltd.                                      | CUSIP: N/A<br>LEI: 529900OPUNJYLOX4OL37       | Long             | EC               | CORP              | HK        |      5512 | NS      | $2163.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Hongqiao Group Ltd                                   | China Hongqiao Group, Ltd.                                                 | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |      2812 | NS      | $10682.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlight Renewable Energy Ltd                               | Enlight Renewable Energy, Ltd.                                             | CUSIP: N/A<br>LEI: 984500HF6A99N758F734       | Long             | EC               | CORP              | IL        |     17178 | NS      | $598880.08    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     15962 | NS      | $156029.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc Ab                                                  | Epiroc AB                                                                  | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |     75554 | NS      | $1600112.08   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rpc Inc                                                    | RPC, Inc.                                                                  | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |    240134 | NS      | $1248696.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa Ab Sca                                   | Svenska Cellulosa AB SCA                                                   | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        |    107941 | NS      | $1440122.29   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp                                       | Daqo New Energy Corp.                                                      | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |     13537 | NS      | $442118.42    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                           | Coeur Mining, Inc.                                                         | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     18685 | NS      | $320821.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                                          | Pason Systems, Inc.                                                        | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |       877 | NS      | $7472.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Hudbay Minerals Inc                                        | Hudbay Minerals, Inc.                                                      | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    388790 | NS      | $6231506.33   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                                            | Murphy Oil Corp.                                                           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    180945 | NS      | $5120743.50   | 1.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Gs Yuasa Corp                                              | GS Yuasa Corp.                                                             | CUSIP: J1770L109<br>LEI: 353800MW7O6PQQHLDR79 | Long             | EC               | CORP              | JP        |     54322 | NS      | $1522045.27   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamato Kogyo Co Ltd                                        | Yamato Kogyo Co., Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2634 | NS      | $166336.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                                          | Bloom Energy Corp.                                                         | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     29691 | NS      | $3923962.56   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Npk International Inc                                      | NPK International, Inc.                                                    | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     68346 | NS      | $840655.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                                | South32, Ltd.                                                              | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |   2456181 | NS      | $5094444.18   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico Sab De Cv                                     | Grupo Mexico SAB de CV                                                     | CUSIP: 264367905<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    325774 | NS      | $2811035.87   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| E Media Holdings Ltd                                       | E Media Holdings, Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |        62 | NS      | $7.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |    284170 | NS      | $2773499.20   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Suncoke Energy Inc                                         | SunCoke Energy, Inc.                                                       | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     93064 | NS      | $745442.64    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| China Nonferrous Mining Corp Ltd                           | China Nonferrous Mining Corp., Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1294944 | NS      | $2391393.97   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Secure Waste Infrastructure Corp                           | Secure Waste Infrastructure Corp.                                          | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |     89210 | NS      | $1113733.63   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Solar Holdings Ltd                                   | Xinyi Solar Holdings, Ltd.                                                 | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | KY        |   4696312 | NS      | $2163655.98   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Enphase Energy Inc                                         | Enphase Energy, Inc.                                                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      9110 | NS      | $277946.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                                          | Centerra Gold, Inc.                                                        | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    187494 | NS      | $2196375.47   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Inghams Group Ltd                                          | Inghams Group, Ltd.                                                        | CUSIP: N/A<br>LEI: 529900ZZ4VRHSGVBNE41       | Long             | EC               | CORP              | AU        |    259206 | NS      | $410428.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Outokumpu Oyj                                              | Outokumpu Oyj                                                              | CUSIP: N/A<br>LEI: 5493009YRUJJDCFF0R80       | Long             | EC               | CORP              | FI        |     58079 | NS      | $249970.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Iron Ltd                                          | Champion Iron, Ltd.                                                        | CUSIP: N/A<br>LEI: 894500WQI96G4T75O202       | Long             | EC               | CORP              | AU        |    282785 | NS      | $1025045.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Newmont Corp                                               | Newmont Corp.                                                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      5121 | NS      | $414647.37    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                                | American Water Works Co., Inc.                                             | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     19365 | NS      | $2487046.95   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                                 | Select Water Solutions, Inc.                                               | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    115334 | NS      | $1333261.04   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Remgro Ltd                                                 | Remgro, Ltd.                                                               | CUSIP: S6873K106<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     60540 | NS      | $601122.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement Sa                                    | Veolia Environnement SA                                                    | CUSIP: 403187909<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     45302 | NS      | $1496020.26   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Flat Glass Group Co Ltd                                    | Flat Glass Group Co., Ltd.                                                 | CUSIP: N/A<br>LEI: 300300BEL4RMXBKEA373       | Long             | EC               | CORP              | CN        |   1097546 | NS      | $1726005.51   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| K92 Mining Inc                                             | K92 Mining, Inc.                                                           | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |    108476 | NS      | $1442428.01   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Lng Ltd                                               | FLEX LNG, Ltd.                                                             | CUSIP: G35947202<br>LEI: 21380084THHU3MPC3647 | Long             | EC               | CORP              | BM        |     28253 | NS      | $733730.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-mcmoran Inc                                       | Freeport-McMoRan, Inc.                                                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     89384 | NS      | $3727312.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                         | Lundin Mining Corp.                                                        | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    430900 | NS      | $6931021.35   | 1.78%             |  |  |  | No            |                  1 | On Loan: —       |
| United Utilities Group Plc                                 | United Utilities Group PLC                                                 | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |     66798 | NS      | $1053467.49   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Baytex Energy Corp                                         | Baytex Energy Corp.                                                        | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |   1128962 | NS      | $2728730.65   | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Permian Resources Corp                                     | Permian Resources Corp.                                                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     24499 | NS      | $307707.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluidra Sa                                                 | Fluidra SA                                                                 | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |     10037 | NS      | $290615.67    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                               | Rayonier, Inc.                                                             | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     24503 | NS      | $540781.21    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Saipem Spa                                                 | Saipem SpA                                                                 | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |   1002699 | NS      | $2607384.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Woodside Energy Group Ltd                                  | Woodside Energy Group, Ltd.                                                | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     69979 | NS      | $1135524.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Paladin Energy Ltd                                         | Paladin Energy, Ltd.                                                       | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |    107471 | NS      | $678571.76    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Wh Group Ltd                                               | WH Group, Ltd.                                                             | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   2119675 | NS      | $2034962.20   | 0.52%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Ingredion Inc                                              | Ingredion, Inc.                                                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     23345 | NS      | $2694246.45   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Amprius Technologies Inc                                   | Amprius Technologies, Inc.                                                 | CUSIP: 03214Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107334 | NS      | $1512336.06   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole Plc                                                   | Dole PLC                                                                   | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |     42140 | NS      | $536863.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-daniels-midland Co                                  | Archer-Daniels-Midland Co.                                                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     71337 | NS      | $4318028.61   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                                  | California Resources Corp.                                                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |      8828 | NS      | $416416.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                                | Nutrien, Ltd.                                                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      9736 | NS      | $530272.03    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                                      | Helmerich & Payne, Inc.                                                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     51844 | NS      | $1361423.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                            | Tyson Foods, Inc.                                                          | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     88823 | NS      | $4566390.43   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                                     | Ramelius Resources, Ltd.                                                   | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |    954839 | NS      | $2074175.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                                         | Cenovus Energy, Inc.                                                       | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |      8524 | NS      | $144036.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Metso Oyj                                                  | Metso Corporation                                                          | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |    127415 | NS      | $2086940.71   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co                                         | Crescent Energy Co.                                                        | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109642 | NS      | $924282.06    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Black Stone Minerals Lp                                    | Black Stone Minerals LP                                                    | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38597 | NS      | $509094.43    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                                       | Evolution Mining, Ltd.                                                     | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |     49469 | NS      | $351511.98    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc                                 | Eos Energy Enterprises, Inc.                                               | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    258840 | NS      | $4149205.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                                               | Enerflex, Ltd.                                                             | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |    128465 | NS      | $1616632.03   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                               | Sumitomo Metal Mining Co., Ltd.                                            | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |    107964 | NS      | $3556766.13   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Baker Hughes Co                                            | Baker Hughes Co.                                                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26464 | NS      | $1281122.24   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mp Materials Corp                                          | MP Materials Corp.                                                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     19952 | NS      | $1258771.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortuna Mining Corp                                        | Fortuna Mining Corp.                                                       | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |     93394 | NS      | $772368.38    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                                  | Zijin Mining Group Co., Ltd.                                               | CUSIP: Y9892H107<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     55292 | NS      | $229406.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Aurubis Ag                                                 | Aurubis AG                                                                 | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |     15422 | NS      | $2006920.25   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Var Energi Asa                                             | Var Energi ASA                                                             | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |    488230 | NS      | $1642656.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                                        | Century Aluminum Co.                                                       | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     77112 | NS      | $2284057.44   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvista Energy Ltd                                         | NuVista Energy, Ltd.                                                       | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |    114538 | NS      | $1362157.38   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Holmen Ab                                                  | Holmen AB                                                                  | CUSIP: N/A<br>LEI: 52990080SH3454F0QE68       | Long             | EC               | CORP              | SE        |     12682 | NS      | $479500.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                                     | Array Technologies, Inc.                                                   | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |     42357 | NS      | $366811.62    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Mowi Asa                                                   | Mowi ASA                                                                   | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |     95787 | NS      | $2105011.35   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                         | Coterra Energy, Inc.                                                       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     94511 | NS      | $2236130.26   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceanagold Corp                                            | OceanaGold Corp.                                                           | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     78262 | NS      | $1750439.51   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                              | Shoals Technologies Group, Inc.                                            | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    583560 | NS      | $6133215.60   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Icl Group Ltd                                              | ICL Group, Ltd.                                                            | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        |    228281 | NS      | $1498543.97   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources Nl                                       | Emerald Resources NL                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    256885 | NS      | $796698.99    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Aak Ab                                                     | AAK AB                                                                     | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |     16711 | NS      | $466840.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Freehold Royalties Ltd                                     | Freehold Royalties, Ltd.                                                   | CUSIP: 356500108<br>LEI: 529900KRYLKJ2WW87P48 | Long             | EC               | CORP              | CA        |     94175 | NS      | $952795.44    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Occidental Petroleum Corp                                  | Occidental Petroleum Corp.                                                 | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     25357 | NS      | $1044708.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bucher Industries Ag                                       | Bucher Industries AG                                                       | CUSIP: N/A<br>LEI: 52990014AQ91A29HPB27       | Long             | EC               | CORP              | CH        |      1052 | NS      | $466030.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| China Longyuan Power Group Corp Ltd                        | China Longyuan Power Group Corp., Ltd.                                     | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464       | Long             | EC               | CORP              | CN        |   2583601 | NS      | $2393900.97   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Flsmidth & Co A/s                                          | FLSmidth & Co. A/S                                                         | CUSIP: N/A<br>LEI: 213800MXXDGQ3ITPXI41       | Long             | EC               | CORP              | DK        |      8669 | NS      | $675702.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International Asa                                     | Yara International ASA                                                     | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     50418 | NS      | $1837680.54   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinte Energy Co Ltd                                        | Xinte Energy Co., Ltd.                                                     | CUSIP: N/A<br>LEI: 300300HSY4IIZWSPSY09       | Long             | EC               | CORP              | CN        |    479944 | NS      | $479292.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mol Hungarian Oil & Gas Plc                                | MOL Hungarian Oil & Gas PLC                                                | CUSIP: 474249901<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |     62737 | NS      | $551956.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd                                     | Westgold Resources, Ltd.                                                   | CUSIP: N/A<br>LEI: 2549003AMX9BL7CKBQ74       | Long             | EC               | CORP              | AU        |    516352 | NS      | $1797358.35   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Mitsubishi Materials Corp                                  | Mitsubishi Materials Corp.                                                 | CUSIP: N/A<br>LEI: 35380076QOBOSOUBRT89       | Long             | EC               | CORP              | JP        |     51216 | NS      | $987032.12    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo Plc                                              | Fresnillo PLC                                                              | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |       414 | NS      | $12084.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                             | Halliburton Co.                                                            | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     84413 | NS      | $2265644.92   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcelormittal Sa                                           | ArcelorMittal SA                                                           | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     14585 | NS      | $557463.49    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co Ltd                         | Japan Petroleum Exploration Co., Ltd.                                      | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               | CORP              | JP        |    201858 | NS      | $1684442.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ssab Ab                                                    | SSAB AB, Class A                                                           | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |     48822 | NS      | $310088.63    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                                    | Magnolia Oil & Gas Corp.                                                   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83764 | NS      | $1881339.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                                      | Aya Gold & Silver, Inc.                                                    | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    132866 | NS      | $1413397.54   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Valaris Ltd                                                | Valaris, Ltd.                                                              | CUSIP: G9460G101<br>LEI: 7N0UJMJLXD0MDT5D5086 | Long             | EC               | CORP              | BM        |     32691 | NS      | $1834618.92   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Corp Acciona Energias Renovables Sa                        | Corp ACCIONA Energias Renovables SA                                        | CUSIP: N/A<br>LEI: 254900UPX0OEHTKB9Y44       | Long             | EC               | CORP              | ES        |     40583 | NS      | $1116117.87   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Mineral Resources Ltd                                      | Mineral Resources, Ltd.                                                    | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |     10158 | NS      | $321684.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Icl Group Ltd                                              | ICL Group, Ltd.                                                            | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |     67874 | NS      | $442538.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Metallus Inc                                               | Metallus, Inc.                                                             | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     10394 | NS      | $182830.46    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eqt Corp                                                   | EQT Corp.                                                                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      2963 | NS      | $158757.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co Ltd                              | Morinaga Milk Industry Co., Ltd.                                           | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               | CORP              | JP        |     42711 | NS      | $920679.66    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd                                | Kurita Water Industries, Ltd.                                              | CUSIP: N/A<br>LEI: 52990086GS2ON69UMX34       | Long             | EC               | CORP              | JP        |     45866 | NS      | $1743449.67   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                                       | National Fuel Gas Co.                                                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3066 | NS      | $241938.06    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Parex Resources Inc                                        | Parex Resources, Inc.                                                      | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |    232160 | NS      | $2969555.74   | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Drax Group Plc                                             | Drax Group PLC                                                             | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    113497 | NS      | $1075762.09   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Uacj Corp                                                  | UACJ Corp.                                                                 | CUSIP: N/A<br>LEI: 353800GO7FBE4RSRH831       | Long             | EC               | CORP              | JP        |     79778 | NS      | $1032750.05   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                                   | Pan American Silver Corp.                                                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     26668 | NS      | $938980.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Steel Corp                                          | Nippon Steel Corp.                                                         | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |    408913 | NS      | $1688348.21   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Diamondback Energy Inc                                     | Diamondback Energy, Inc.                                                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       574 | NS      | $82191.06     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp                                        | PotlatchDeltic Corp.                                                       | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     19406 | NS      | $776240.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dyno Nobel Ltd                                             | Dyno Nobel, Ltd.                                                           | CUSIP: N/A<br>LEI: 254900UW2F3BKV6Z9V18       | Long             | EC               | CORP              | AU        |    468095 | NS      | $986204.67    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianneng Power International Ltd                           | Tianneng Power International, Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    571019 | NS      | $633440.85    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Geopark Ltd                                                | Geopark, Ltd.                                                              | CUSIP: G38327105<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | EC               | CORP              | BM        |     87031 | NS      | $704080.79    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Nh Foods Ltd                                               | NH Foods, Ltd.                                                             | CUSIP: N/A<br>LEI: 353800NLDBIOUQILWU82       | Long             | EC               | CORP              | JP        |     30048 | NS      | $1107472.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc                                           | Vital Energy, Inc.                                                         | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |      2441 | NS      | $38348.11     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Amg Critical Materials Nv                                  | AMG Critical Materials NV                                                  | CUSIP: N/A<br>LEI: 5493006MN6OH67U2YI74       | Long             | EC               | CORP              | NL        |     20354 | NS      | $676144.03    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American Plc                                         | Anglo American PLC                                                         | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     30476 | NS      | $1151042.42   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                             | Canadian Natural Resources, Ltd.                                           | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      5620 | NS      | $179793.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                                                | Boralex, Inc.                                                              | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |     31728 | NS      | $637025.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Patterson-uti Energy Inc                                   | Patterson-UTI Energy, Inc.                                                 | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    361516 | NS      | $2266705.32   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta Plc                                            | Antofagasta PLC                                                            | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     45757 | NS      | $1677093.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                              | Tidewater, Inc.                                                            | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     49375 | NS      | $2497881.25   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellevue Gold Ltd                                          | Bellevue Gold, Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1310766 | NS      | $1003432.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tgs Asa                                                    | TGS ASA                                                                    | CUSIP: N/A<br>LEI: 549300NUPLAXPB0WYH90       | Long             | EC               | CORP              | NO        |     91648 | NS      | $792592.23    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumco Corp                                                 | SUMCO Corp.                                                                | CUSIP: J76896109<br>LEI: 353800SUSRUOM0V6KU92 | Long             | EC               | CORP              | JP        |     95388 | NS      | $976410.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                             | Albemarle Corp.                                                            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2041 | NS      | $200487.43    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Alcoa Corp                                                 | Alcoa Corp.                                                                | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    109830 | NS      | $4040645.70   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| H2o America                                                | H2O America                                                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17422 | NS      | $805767.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni Spa                                                    | Eni SpA                                                                    | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |       580 | NS      | $21407.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                                              | Fortescue, Ltd.                                                            | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     59653 | NS      | $830969.59    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Bunge Global Sa                                            | Bunge Global SA                                                            | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     47527 | NS      | $4496054.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| West African Resources Ltd                                 | West African Resources, Ltd.                                               | CUSIP: N/A<br>LEI: 529900XLO8GMJNTUL013       | Long             | EC               | CORP              | AU        |    661934 | NS      | $1316635.17   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Oceaneering International Inc                              | Oceaneering International, Inc.                                            | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     57498 | NS      | $1339128.42   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandridge Energy Inc                                       | SandRidge Energy, Inc.                                                     | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |      9626 | NS      | $114645.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Daido Steel Co Ltd                                         | Daido Steel Co., Ltd.                                                      | CUSIP: N/A<br>LEI: 353800WZKGRNG0T2FR92       | Long             | EC               | CORP              | JP        |     25318 | NS      | $240102.89    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agco Corp                                                  | AGCO Corp.                                                                 | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      5408 | NS      | $557889.28    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Organo Corp                                                | Organo Corp.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     19826 | NS      | $1708450.33   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Nov Inc                                                    | National Oilwell Varco, Inc.                                               | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    138859 | NS      | $2027341.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc                          | Alpha Metallurgical Resources, Inc.                                        | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |       300 | NS      | $51978.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Apa Corp                                                   | APA Corp.                                                                  | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      7569 | NS      | $171437.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Beach Energy Ltd                                           | Beach Energy, Ltd.                                                         | CUSIP: N/A<br>LEI: 8Q9PJD25OKTQT5FHUF40       | Long             | EC               | CORP              | AU        |    879172 | NS      | $713300.80    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles Sab De Cv                               | Industrias Penoles SAB de CV                                               | CUSIP: 244820908<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |      4329 | NS      | $182888.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Paramount Resources Ltd                                    | Paramount Resources, Ltd.                                                  | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |      6950 | NS      | $113970.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Fresh Del Monte Produce Inc                                | Fresh Del Monte Produce, Inc.                                              | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     19539 | NS      | $690703.65    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co Ltd                             | Zhaojin Mining Industry Co., Ltd.                                          | CUSIP: N/A<br>LEI: 3003007KU2DRDX06PN04       | Long             | EC               | CORP              | CN        |    403796 | NS      | $1510100.54   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund - Premier Class | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    498124 | NS      | $498124.45    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                                       | Matador Resources Co.                                                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     62799 | NS      | $2478048.54   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc                                       | Ramaco Resources, Inc.                                                     | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |       563 | NS      | $17092.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Ramaco Resources Inc                                       | Ramaco Resources, Inc.                                                     | CUSIP: 75134P501<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |      1489 | NS      | $21858.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Antero Resources Corp                                      | Antero Resources Corp.                                                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      2633 | NS      | $81386.03     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dnow Inc                                                   | NOW, Inc.                                                                  | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    125220 | NS      | $1840734.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Slb Ltd                                                    | SLB, Ltd.                                                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     58104 | NS      | $2095230.24   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex Se                                                  | Nordex SE                                                                  | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |     46311 | NS      | $1365463.74   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision Drilling Corp                                    | Precision Drilling Corp.                                                   | CUSIP: 74022D407<br>LEI: 549300WF2OE8T5BP4B84 | Long             | EC               | CORP              | CA        |      8298 | NS      | $497803.09    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Tamarack Valley Energy Ltd                                 | Tamarack Valley Energy, Ltd.                                               | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |    106397 | NS      | $472605.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| First Solar Inc                                            | First Solar, Inc.                                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2290 | NS      | $611292.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bhp Group Ltd                                              | BHP Group, Ltd.                                                            | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     95772 | NS      | $2722735.89   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium Sa                                                 | Ternium SA                                                                 | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |     20854 | NS      | $751369.62    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Ivanhoe Mines Ltd                                          | Ivanhoe Mines, Ltd.                                                        | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    257461 | NS      | $2575436.05   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Exxon Mobil Corp                                           | Exxon Mobil Corp.                                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     16169 | NS      | $1849086.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-cliffs Inc                                       | Cleveland-Cliffs, Inc.                                                     | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     10856 | NS      | $134940.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Labrador Iron Ore Royalty Corp                             | Labrador Iron Ore Royalty Corp.                                            | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     46553 | NS      | $960567.41    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Cal-maine Foods Inc                                        | Cal-Maine Foods, Inc.                                                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     21531 | NS      | $1890421.80   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol Sa                                                  | Repsol SA                                                                  | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     11350 | NS      | $207684.97    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                                        | Uranium Energy Corp.                                                       | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    125411 | NS      | $1897468.43   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Karoon Energy Ltd                                          | Karoon Energy, Ltd.                                                        | CUSIP: N/A<br>LEI: 529900VXILHR2CNBWD62       | Long             | EC               | CORP              | AU        |   1006169 | NS      | $1056630.52   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Renew Energy Global Plc                                    | ReNew Energy Global PLC                                                    | CUSIP: G7500M104<br>LEI: 254900SL77LA2KAG7R65 | Long             | EC               | CORP              | GB        |     76901 | NS      | $579833.54    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| K+s Ag                                                     | K+S AG                                                                     | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               | CORP              | DE        |     70008 | NS      | $912653.13    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vallourec Saca                                             | Vallourec SACA                                                             | CUSIP: B197DR900<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | EC               | CORP              | FR        |     26498 | NS      | $493113.19    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                         | Liberty Energy, Inc.                                                       | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    285213 | NS      | $5165207.43   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Trican Well Service Ltd                                    | Trican Well Service, Ltd.                                                  | CUSIP: 895945103<br>LEI: 5493003PMAE3KEW1DL91 | Long             | EC               | CORP              | CA        |    185982 | NS      | $696164.49    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Perseus Mining Ltd                                         | Perseus Mining, Ltd.                                                       | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |    715040 | NS      | $2278434.13   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                          | Suncor Energy, Inc.                                                        | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     77699 | NS      | $3093999.61   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd                                      | Jiangxi Copper Co., Ltd.                                                   | CUSIP: 600030902<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |    436116 | NS      | $1821791.94   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd                                        | Regis Resources, Ltd.                                                      | CUSIP: N/A<br>LEI: 213800XH9YUXBLYBD749       | Long             | EC               | CORP              | AU        |    320659 | NS      | $1351159.07   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Peyto Exploration & Development Corp                       | Peyto Exploration & Development Corp.                                      | CUSIP: 717046106<br>LEI: 98450004AE67F646C503 | Long             | EC               | CORP              | CA        |     94502 | NS      | $1376546.90   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Cf Industries Holdings Inc                                 | CF Industries Holdings, Inc.                                               | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      2872 | NS      | $239208.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                                         | Fluence Energy, Inc.                                                       | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |    207991 | NS      | $4367811.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Core Laboratories Inc                                      | Core Laboratories, Inc.                                                    | CUSIP: 21867A105<br>LEI: 984500040P5J07V43135 | Long             | EC               | CORP              | US        |     40157 | NS      | $640102.58    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Kumba Iron Ore Ltd                                         | Kumba Iron Ore, Ltd.                                                       | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     91757 | NS      | $1827201.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Hormel Foods Corp                                          | Hormel Foods Corp.                                                         | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     43419 | NS      | $937416.21    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Group Ltd                                            | Delek Group, Ltd.                                                          | CUSIP: N/A<br>LEI: 213800CYKA4XE2HZZB09       | Long             | EC               | CORP              | IL        |      1864 | NS      | $489904.59    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Omv Ag                                                     | OMV AG                                                                     | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |      2852 | NS      | $156017.29    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Prairiesky Royalty Ltd                                     | PrairieSky Royalty, Ltd.                                                   | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     91639 | NS      | $1645196.26   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Devon Energy Corp                                          | Devon Energy Corp.                                                         | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     77400 | NS      | $2514726.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Meiji Holdings Co Ltd                                      | MEIJI Holdings Co., Ltd.                                                   | CUSIP: N/A<br>LEI: 5299002D52YIP6DWMV49       | Long             | EC               | CORP              | JP        |    140500 | NS      | $2701326.97   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                                    | Darling Ingredients, Inc.                                                  | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    120111 | NS      | $3849557.55   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Adecoagro Sa                                               | Adecoagro SA                                                               | CUSIP: L00849106<br>LEI: 529900Q00UR5LFELO811 | Long             | EC               | CORP              | LU        |     62908 | NS      | $507038.48    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Cnh Industrial Nv                                          | CNH Industrial NV                                                          | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     63024 | NS      | $661121.76    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/s                                    | Vestas Wind Systems A/S                                                    | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |    123965 | NS      | $2524665.53   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings Nv                                    | Expro Group Holdings NV                                                    | CUSIP: N3144W105<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |    174962 | NS      | $2375983.96   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Ero Copper Corp                                            | ERO Copper Corp.                                                           | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     51874 | NS      | $1107715.45   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp Plc                                             | Noble Corp. PLC                                                            | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     11891 | NS      | $349000.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| California Water Service Group                             | California Water Service Group                                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     21618 | NS      | $959406.84    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden Ab                                                 | Boliden AB                                                                 | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |    187486 | NS      | $8466250.26   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent Plc                                           | Severn Trent PLC                                                           | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |     37648 | NS      | $1375429.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                                            | Lundin Gold, Inc.                                                          | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     34100 | NS      | $2318231.08   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dowa Holdings Co Ltd                                       | Dowa Holdings Co., Ltd.                                                    | CUSIP: N/A<br>LEI: 353800ZSQZKFE140A689       | Long             | EC               | CORP              | JP        |     21113 | NS      | $767197.46    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Iamgold Corp                                               | IAMGOLD Corp.                                                              | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     30493 | NS      | $353108.94    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Osaka Titanium Technologies Co Ltd                         | OSAKA Titanium Technologies Co., Ltd.                                      | CUSIP: N/A<br>LEI: 529900HGCI4F5WM6OE59       | Long             | EC               | CORP              | JP        |     85286 | NS      | $1473730.57   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker Bp Asa                                                | Aker BP ASA                                                                | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |    106023 | NS      | $2751777.94   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Dpm Metals Inc                                             | DPM Metals, Inc.                                                           | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     54815 | NS      | $1172471.57   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Arc Resources Ltd                                          | ARC Resources, Ltd.                                                        | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     73374 | NS      | $1353381.61   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                                    | Titan International, Inc.                                                  | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     67564 | NS      | $510108.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Voestalpine Ag                                             | voestalpine AG                                                             | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |      7552 | NS      | $268803.39    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies Nv                                        | Technip Energies NV                                                        | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |     27496 | NS      | $1116231.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola Sa                                               | Iberdrola SA                                                               | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     54347 | NS      | $1100320.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                       | Capstone Copper Corp.                                                      | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    521182 | NS      | $4652382.19   | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Iluka Resources Ltd                                        | Iluka Resources, Ltd.                                                      | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |    508561 | NS      | $2302641.49   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Erg Spa                                                    | ERG SpA                                                                    | CUSIP: N/A<br>LEI: 8156004604684CA44A90       | Long             | EC               | CORP              | IT        |     38502 | NS      | $992317.30    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                | Corteva, Inc.                                                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     39380 | NS      | $2419507.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | State Street Navigator Securities lending Prime Portfolio                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone Sa                                                  | Danone SA                                                                  | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     31819 | NS      | $2812315.92   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 Sa                                                | Subsea 7 SA                                                                | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | LU        |     30758 | NS      | $561762.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners Lp                           | Brookfield Renewable Partners LP                                           | CUSIP: N/A<br>LEI: VA8DFMRI2GY8Y7V79H93       | Long             | EC               | CORP              | BM        |     26260 | NS      | $800409.97    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lingbao Gold Group Co Ltd                                  | Lingbao Gold Group Co., Ltd.                                               | CUSIP: N/A<br>LEI: 5299006AEAGY8D467B59       | Long             | EC               | CORP              | CN        |    478080 | NS      | $1005312.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Aker Solutions Asa                                         | Aker Solutions ASA                                                         | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |    217035 | NS      | $597801.07    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                       | Range Resources Corp.                                                      | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      3349 | NS      | $119056.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Propetro Holding Corp                                      | ProPetro Holding Corp.                                                     | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265326 | NS      | $2754083.88   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                                   | Torex Gold Resources, Inc.                                                 | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     17869 | NS      | $738176.79    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Deterra Royalties Ltd                                      | Deterra Royalties, Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    351922 | NS      | $939471.82    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Forestry Co Ltd                                   | Sumitomo Forestry Co., Ltd.                                                | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |    451429 | NS      | $4708793.19   | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| China Petroleum & Chemical Corp                            | China Petroleum & Chemical Corp.                                           | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |     27450 | NS      | $14589.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                               | Newmont Corp. - CDI                                                        | CUSIP: N/A<br>LEI: 549300VSP3RIX7FGDZ51       | Long             | EC               | CORP              | US        |      4243 | NS      | $346830.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandfire Resources Ltd                                     | Sandfire Resources NL                                                      | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |    124041 | NS      | $1318039.61   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| China Oilfield Services Ltd                                | China Oilfield Services Ltd.                                               | CUSIP: N/A<br>LEI: 529900J4X53VL8QQW675       | Long             | EC               | CORP              | CN        |    512796 | NS      | $499561.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                                        | Tourmaline Oil Corp.                                                       | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |     29436 | NS      | $1294718.08   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Meg Energy Corp                                            | MEG Energy Corp.                                                           | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |     18626 | NS      | $394153.28    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                                     | Ormat Technologies, Inc.                                                   | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      5431 | NS      | $577695.47    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd                                   | Guangdong Investment, Ltd.                                                 | CUSIP: 691316004<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   1937524 | NS      | $1842636.93   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/the                                              | Mosaic Co.                                                                 | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      8524 | NS      | $233983.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** FINANCIAL INVESTORS TRUST

**Signature:** Paul Holland

**Name of Signer:** Paul Holland

**Title:** Treasurer