# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001004726-26-000485
**Filing Date:** 2026-1
**Character Count:** 101490
**Document Hash:** 9bd84c5a4aa41c46312474e622d9447b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-000485.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001004726-26-000485

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 26569893

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $915134648.39

**Total Liabilities:** $29330692.73

**Net Assets:** $885803955.66

**Cash Not Reported:** $67743.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109988 | 8.70%                | 4.15%                | 1.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1768164.57              | $62679442.22                               |
| Month 2  | $13181695.19             | $20952739.56                               |
| Month 3  | $-1951853.33             | $18474962.69                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Foran Mining Corp                                                          | FORAN MINING CORP                                 | CUSIP: 344911201<br>LEI: 529900LRYPIWB6RISB58 | Long             | EC               | CORP              | CA        |    204399 | NS      | $616509.92    | 0.07%             |  |  |  | No            | 1                  | On Loan: —       |
| EREGLI DEMIR VE CELIK FABRIKALARI TURK ANONIM SIRKETI                      | EREGLI DEMIR VE CELIK FABRIKALARI TAS             | CUSIP: N/A<br>LEI: 789000VYQF5IDGG49908       | Long             | EC               | CORP              | TR        |   2489854 | NS      | $1399388.50   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Compania de Minas Buenaventura S.A.A.                                      | CIA DE MINAS BUENAVENTURA SAA                     | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             |  | CORP              | PE        |    119035 | NS      | $2949687.30   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Northam Platinum Holdings Limited                                          | NORTHAM PLATINUM HOLDINGS LTD                     | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |    258012 | NS      | $4602078.25   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| OSAKA STEEL CO., LTD.                                                      | OSAKA STEEL CO LTD                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9700 | NS      | $177196.51    | 0.02%             |  |  |  | No            | 2                  | On Loan: —       |
| CENTURY IRON AND STEEL INDUSTRIAL CO., LTD.                                | CENTURY IRON STEEL INDUSTRIAL CO LTD              | CUSIP: Y1248T109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    120000 | NS      | $538497.17    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Jinchuan Group International Resources Co Ltd                              | JINCHUAN GROUP INTERNATIONAL RESOURCES CO LTD     | CUSIP: N/A<br>LEI: 254900RWLOXOMORJEB03       | Long             | EC               | CORP              | KY        |   2398000 | NS      | $167553.38    | 0.02%             |  |  |  | No            | 3                  | On Loan: —       |
| Qatar Aluminum Manufacturing Company QPSC                                  | QATAR ALUMINUM MANUFACTURING CO                   | CUSIP: V7237V107<br>LEI: 27638CCN3VO5C1FBE839 | Long             | EC               | CORP              | QA        |   2032612 | NS      | $855194.18    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| CHINA METAL RECYCLING HOLDINGS LTD                                         | CHINA METAL RECYCLING HOLDINGS LTD                | CUSIP: G21131100<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    132000 | NS      | $0.17         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| SWISS FRANC                                                                | SWISS FRANC                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CH        |     12345 | NS      | $15372.29     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Saudi Steel Pipes Company SJSC                                             | SAUDI STEEL PIPE CO                               | CUSIP: M82597101<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     14820 | NS      | $169298.96    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| KARDEMIR KARABUK DEMIR CELIK SANAYI VE TICARET ANONIM SIRKETI              | KARDEMIR KARABUK DEMIR CELIK SANAYI VE TICARET AS | CUSIP: N/A<br>LEI: 789000HKISRM8ZEH0128       | Long             | EC               | CORP              | TR        |    546651 | NS      | $323312.14    | 0.04%             |  |  |  | No            | 2                  | On Loan: —       |
| MINERAL RESOURCES LIMITED                                                  | MINERAL RESOURCES LTD                             | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |    127900 | NS      | $4123130.54   | 0.47%             |  |  |  | No            | 2                  | On Loan: —       |
| NUCOR CORPORATION                                                          | NUCOR CORP                                        | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    164242 | NS      | $26194956.58  | 2.96%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares      | BLACKROCK CASH FUNDS TREASURY                     | CUSIP: 066922477<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    676683 | NS      | $676683.07    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Companhia Siderurgica Nacional S. A.                                       | CIA SIDERURGICA NACIONAL SA                       | CUSIP: N/A<br>LEI: 529900K40TEND42S0T46       | Long             | EC               | CORP              | BR        |    430647 | NS      | $686569.68    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Hudbay Minerals Inc.                                                       | HUDBAY MINERALS INC                               | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    283387 | NS      | $4806091.02   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| AICHI STEEL CORPORATION                                                    | AICHI STEEL CORP                                  | CUSIP: J0039M106<br>LEI: 353800P9OWOVHHY4ML18 | Long             | EC               | CORP              | JP        |     21500 | NS      | $403302.66    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| ANTOFAGASTA PLC                                                            | ANTOFAGASTA PLC                                   | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |    282556 | NS      | $10331518.13  | 1.17%             |  |  |  | No            | 2                  | On Loan: No      |
| TIANGONG INTERNATIONAL COMPANY LIMITED                                     | TIANGONG INTERNATIONAL CO LTD                     | CUSIP: N/A<br>LEI: 254900F7I4ZE3X40W968       | Long             | EC               | CORP              | KY        |    970000 | NS      | $392581.99    | 0.04%             |  |  |  | No            | 2                  | On Loan: —       |
| FORTESCUE LTD                                                              | FORTESCUE METALS GROUP LTD                        | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |   1213393 | NS      | $17053724.91  | 1.93%             |  |  |  | No            | 2                  | On Loan: No      |
| HINDALCO INDUSTRIES LIMITED                                                | HINDALCO INDUSTRIES LTD                           | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    966123 | NS      | $8770379.99   | 0.99%             |  |  |  | No            | 2                  | On Loan: No      |
| Jiangxi Copper Company Limited                                             | JIANGXI COPPER CO LTD                             | CUSIP: Y4446C118<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |     88225 | NS      | $469019.03    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Light Metal Holdings Company, Ltd.                                  | NIPPON LIGHT METAL HOLDINGS CO LTD                | CUSIP: N/A<br>LEI: 353800J9KCFJSF2CGT47       | Long             | EC               | CORP              | JP        |     39840 | NS      | $626454.67    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| WORTHINGTON STEEL, INC.                                                    | WORTHINGTON STEEL INC                             | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     23281 | NS      | $785733.75    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Hunan Valin Steel Co., Ltd.                                                | HUNAN VALIN STEEL CO LTD                          | CUSIP: N/A<br>LEI: 3003007J7HWD6GTNJ656       | Long             | EC               | CORP              | CN        |    299600 | NS      | $236774.77    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| JSW STEEL LIMITED                                                          | JSW STEEL LTD                                     | CUSIP: N/A<br>LEI: 335800EK6HZSC4CVAJ09       | Long             | EC               | CORP              | IN        |    438059 | NS      | $5702258.17   | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| Xiamen Tungsten Co., Ltd.                                                  | XIAMEN TUNGSTEN CO LTD                            | CUSIP: N/A<br>LEI: 300300SEC2FOC4PL5N49       | Long             | EC               | CORP              | CN        |     67899 | NS      | $331847.66    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| NGEx Minerals Ltd                                                          | NGEX MINERALS LTD                                 | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |     96494 | NS      | $1708298.37   | 0.19%             |  |  |  | No            | 1                  | On Loan: —       |
| Usinas Siderurgicas de Minas Gerais S/A - USIMINAS                         | USINAS SIDERURGICAS DE MINAS GERAIS SA USIMINAS   | CUSIP: N/A<br>LEI: 2549001OK55PFGXM4827       | Long             | EC               | CORP              | BR        |    323026 | NS      | $328602.56    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Americas Gold and Silver Corporation                                       | AMERICAS GOLD SILVER CORP                         | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |    156574 | NS      | $698025.70    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| RAMACO RESOURCES, INC.                                                     | RAMACO RESOURCES INC                              | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     27665 | NS      | $434063.85    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| APERAM SA                                                                  | APERAM SA                                         | CUSIP: N/A<br>LEI: 5493001136GE6L4R7M63       | Long             | EC               | CORP              | LU        |     31549 | NS      | $1216269.86   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| MAANSHAN IRON & STEEL COMPANY LIMITED                                      | MAANSHAN IRON STEEL CO LTD                        | CUSIP: N/A<br>LEI: 529900A75J4LKKIUAJ17       | Long             | EC               | CORP              | CN        |    988000 | NS      | $317823.91    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| AUSTRALIAN DOLLAR                                                          | AUSTRALIAN DOLLAR                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | AU        |    188588 | NS      | $123553.69    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| CHINA HONGQIAO GROUP LIMITED                                               | CHINA HONGQIAO GROUP LTD                          | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |   2044500 | NS      | $8149251.92   | 0.92%             |  |  |  | No            | 2                  | On Loan: No      |
| Brazilian Rare Earths Ltd                                                  | BRAZILIAN RARE EARTHS LTD                         | CUSIP: Q17549108<br>LEI: 9845008972A00C4E4C60 | Long             | EC               | CORP              | AU        |     62279 | NS      | $177489.08    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| INDIAN RUPEE                                                               | INDIAN RUPEE                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |  11612585 | NS      | $129825.70    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| NioCorp Developments Ltd                                                   | NIOCORP DEVELOPMENTS LTD                          | CUSIP: 654484609<br>LEI: 5299001QL26XJPOD3A17 | Long             | EC               | CORP              | CA        |     80351 | NS      | $502997.26    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Shanjin International Gold Co.,Ltd.                                        | YINTAI GOLD CO LTD                                | CUSIP: N/A<br>LEI: 655600QGA2EHH1HUDW82       | Long             | EC               | CORP              | CN        |    123640 | NS      | $372632.49    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| KGHM POLSKA MIEDZ SPOLKA AKCYJNA                                           | KGHM POLSKA MIEDZ SA                              | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |    100313 | NS      | $5818794.59   | 0.66%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Antimony Corp                                                | UNITED STATES ANTIMONY CORP                       | CUSIP: 911549103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84583 | NS      | $516802.13    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LIMITED                                           | IMPALA PLATINUM HOLDINGS LTD                      | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    648004 | NS      | $8155211.30   | 0.92%             |  |  |  | No            | 2                  | On Loan: No      |
| UACJ Corporation                                                           | UACJ CORP                                         | CUSIP: N/A<br>LEI: 353800GO7FBE4RSRH831       | Long             | EC               | CORP              | JP        |    106552 | NS      | $1408600.48   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| FENG HSIN STEEL CO., LTD                                                   | FENG HSIN STEEL CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    309918 | NS      | $620132.24    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui Kinzoku Company, Limited                                            | MITSUI KINZOKU CO LTD                             | CUSIP: N/A<br>LEI: 35380021EYAHSQM25559       | Long             | EC               | CORP              | JP        |     41000 | NS      | $4690806.65   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupa Kety SA                                                              | GRUPA KETY SA                                     | CUSIP: N/A<br>LEI: 2594007JKYYF3WGI0129       | Long             | EC               | CORP              | PL        |      7054 | NS      | $1859615.85   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| AMG Critical Materials N.V.                                                | AMG CRITICAL MATERIALS NV                         | CUSIP: N/A<br>LEI: 5493006MN6OH67U2YI74       | Long             | EC               | CORP              | NL        |     22166 | NS      | $682685.78    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Bekaert NV                                                                 | BEKAERT SA                                        | CUSIP: N/A<br>LEI: 5493008SR6XZECH6BN71       | Long             | EC               | CORP              | BE        |     24141 | NS      | $1034859.67   | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| YODOKO, Ltd.                                                               | YODOKO LTD                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     75700 | NS      | $639566.06    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| MMG Limited                                                                | MMG LTD                                           | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |   3043600 | NS      | $2718037.79   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| POSCO Holdings Inc.                                                        | POSCO                                             | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |     52132 | NS      | $11001235.30  | 1.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Granges AB                                                                 | GRANGES AB                                        | CUSIP: N/A<br>LEI: 5493006UG44TYSIXOB13       | Long             | EC               | CORP              | SE        |     76066 | NS      | $1113021.55   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Tung Ho Steel Enterprise Corp.                                             | TUNG HO STEEL ENTERPRISE CORP                     | CUSIP: N/A<br>LEI: 5299003755GCQVWX5K49       | Long             | EC               | CORP              | TW        |    337700 | NS      | $734154.37    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| GERDAU S.A.                                                                | GERDAU SA                                         | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    928440 | NS      | $3334337.76   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Jiangxi Copper Company Limited                                             | JIANGXI COPPER CO LTD                             | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |    739000 | NS      | $2925795.13   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| TMC the metals company Inc                                                 | TMC THE METALS CO INC                             | CUSIP: 87261Y106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    146171 | NS      | $1017350.16   | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| NMDC LIMITED                                                               | NMDC LTD                                          | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |   2200287 | NS      | $1824628.47   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| HONG KONG DOLLAR                                                           | HONG KONG DOLLAR                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HK        |    954727 | NS      | $122626.53    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| Companhia de Ferro Ligas da Bahia (Ferbasa)                                | CIA FERRO LIGAS DA BAHIA FERBASA                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    109867 | NS      | $144490.07    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Taseko Mines Limited                                                       | TASEKO MINES LTD                                  | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |    257901 | NS      | $1361987.46   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Acerinox, S.A.                                                             | ACERINOX SA                                       | CUSIP: N/A<br>LEI: 95980020140005582721       | Long             | EC               | CORP              | ES        |    133862 | NS      | $1892903.18   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Alleima AB                                                                 | ALLEIMA AB                                        | CUSIP: N/A<br>LEI: 529900EBHTYGLA6PGP77       | Long             | EC               | CORP              | SE        |    134878 | NS      | $1172197.14   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| China Nonferrous Mining Corp Ltd                                           | CHINA NONFERROUS MINING CORP LTD                  | CUSIP: Y13982106<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    980000 | NS      | $1889525.77   | 0.21%             |  |  |  | No            | 2                  | On Loan: —       |
| JASTRZEBSKA SPOLKA WEGLOWA SPOLKA AKCYJNA                                  | JASTRZEBSKA SPOLKA WEGLOWA SA                     | CUSIP: N/A<br>LEI: 259400D4E0H5BGXNIK97       | Long             | EC               | CORP              | PL        |     36952 | NS      | $241354.67    | 0.03%             |  |  |  | No            | 2                  | On Loan: —       |
| Develop Global Ltd                                                         | DEVELOP GLOBAL LTD                                | CUSIP: Q9394G267<br>LEI: 5299008N5CYXCI98G291 | Long             | EC               | CORP              | AU        |    187039 | NS      | $457222.07    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Nittetsu Mining Co., Ltd.                                                  | NITTETSU MINING CO LTD                            | CUSIP: N/A<br>LEI: 213800HBRWZK44PCU381       | Long             | EC               | CORP              | JP        |     31700 | NS      | $370724.51    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| RYERSON HOLDING CORPORATION                                                | RYERSON HOLDING CORP                              | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     20274 | NS      | $464882.82    | 0.05%             |  |  |  | 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        |    176700 | NS      | $5812163.58   | 0.66%             |  |  |  | No            | 2                  | On Loan: No      |
| American Battery Technology Co                                             | AMERICAN BATTERY TECHNOLOGY CO                    | CUSIP: 02451V309<br>LEI: 529900JBJ8D85CDPHQ69 | Long             | EC               | CORP              | US        |     84583 | NS      | $316340.42    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| MP MATERIALS CORP                                                          | MP MATERIALS CORP                                 | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |    101515 | NS      | $6288854.25   | 0.71%             |  |  |  | No            | 1                  | On Loan: —       |
| PTC INDUSTRIES LIMITED                                                     | PTC INDUSTRIES LTD                                | CUSIP: N/A<br>LEI: 335800WHBPFCCRTAAO49       | Long             | EC               | CORP              | IN        |      3500 | NS      | $711249.62    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Tongling Nonferrous Metals Group Co., Ltd.                                 | TONGLING NONFERROUS METALS GROUP CO LTD           | CUSIP: N/A<br>LEI: 300300JWM4636VG5A986       | Long             | EC               | CORP              | CN        |    558300 | NS      | $404480.16    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| KIRLOSKAR FERROUS INDUSTRIES LTD                                           | KIRLOSKAR FERROUS INDUSTRIES LTD                  | CUSIP: Y4807J132<br>LEI: 335800I46D67F2PR5C23 | Long             | EC               | CORP              | IN        |     46036 | NS      | $255044.23    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| IMDEX LTD                                                                  | IMDEX LTD                                         | CUSIP: N/A<br>LEI: 529900H31NX5KRKXB865       | Long             | EC               | CORP              | AU        |    364910 | NS      | $818996.81    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| MALAYSIAN RINGGIT                                                          | MALAYSIAN RINGITT                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | MY        |    139066 | NS      | $33651.80     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| CMOC Group Limited                                                         | CMOC GROUP LTD                                    | CUSIP: Y1503Z113<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    748700 | NS      | $1730955.62   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| RELIANCE, INC.                                                             | RELIANCE INC                                      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     37680 | NS      | $10524777.60  | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| LYNAS RARE EARTHS LIMITED                                                  | LYNAS RARE EARTHS LTD                             | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | AU        |    649068 | NS      | $6187297.35   | 0.70%             |  |  |  | No            | 2                  | On Loan: —       |
| OK RUSAL MKPAO                                                             | UNITED CO RUSAL INTERNATIONAL PJSC                | CUSIP: N/A<br>LEI: 213800WNO9IQTTI4PG55       | Long             | EC               | CORP              | RU        |   3450000 | NS      | $444.44       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| LEO LITHIUM LTD                                                            | LEO LITHIUM LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1454959 | NS      | $9.53         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| TIANSHAN ALUMINUM GROUP CO., LTD.                                          | TIANSHAN ALUMINUM GROUP CO LTD                    | CUSIP: Y9894M104<br>LEI: 300300VE52AL1GWYFN04 | Long             | EC               | CORP              | CN        |    193760 | NS      | $351552.09    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                                                | FIRST QUANTUM MINERALS LTD                        | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    508071 | NS      | $11510628.54  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| YIEH PHUI ENTERPRISE CO., LTD.                                             | YIEH PHUI ENTERPRISE CO LTD                       | CUSIP: N/A<br>LEI: 254900NCX61150KGIA04       | Long             | EC               | CORP              | TW        |    647831 | NS      | $307654.98    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                                      | CLEVELAND CLIFFS INC                              | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    408049 | NS      | $5320958.96   | 0.60%             |  |  |  | No            | 1                  | On Loan: —       |
| East Pipes Integrated Company for Industry CJSC                            | EAST PIPES INTEGRATED CO FOR INDUSTRY             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     10759 | NS      | $385271.73    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTHERN COPPER CORPORATION                                                | SOUTHERN COPPER CORP                              | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     64556 | NS      | $8700857.68   | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| China Steel Corporation                                                    | CHINA STEEL CORP                                  | CUSIP: N/A<br>LEI: 529900D3N7UIJMVJ9120       | Long             | EC               | CORP              | TW        |   8432612 | NS      | $4909341.70   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| MEXICAN NUEVO PESO                                                         | MEXICAN NUEVO PESO                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | MX        |    563180 | NS      | $30773.17     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| MECHEL PAO                                                                 | MECHEL PJSC                                       | CUSIP: N/A<br>LEI: 253400C9GSPBSKERRP65       | Long             | EC               | CORP              | RU        |     96000 | NS      | $12.37        | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| HYUNDAI STEEL COMPANY                                                      | HYUNDAI STEEL CO                                  | CUSIP: N/A<br>LEI: 9884006EYA94IB2C3132       | Long             | EC               | CORP              | KR        |     61775 | NS      | $1272665.71   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| CHUNG HUNG STEEL CORPORATION                                               | CHUNG HUNG STEEL CORP                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    624000 | NS      | $297716.09    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| SARDA ENERGY & MINERALS LIMITED                                            | SARDA ENERGY MINERALS LTD                         | CUSIP: Y7527G106<br>LEI: 3358008BGCGZ8DKYHY59 | Long             | EC               | CORP              | IN        |     61710 | NS      | $338554.96    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| METALURGICA GERDAU S.A.                                                    | METALURGICA GERDAU SA                             | CUSIP: P4834C118<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |    451765 | NS      | $936901.29    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| HENAN SHENHUO COAL & POWER CO.,LTD                                         | HENAN SHENHUO COAL POWER CO LTD                   | CUSIP: N/A<br>LEI: 300300GF8XK44CSHXV64       | Long             | EC               | CORP              | CN        |     96000 | NS      | $334280.11    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| PERENTI LIMITED                                                            | PERENTI LTD                                       | CUSIP: N/A<br>LEI: 25490044GUNE4S2E6K11       | Long             | EC               | CORP              | AU        |    604100 | NS      | $1160242.10   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| INDONESIAN RUPIAH                                                          | INDONESIAN RUPIAH                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | ID        | 178992622 | NS      | $10747.08     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| VALE S.A.                                                                  | VALE SA                                           | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |   2601866 | NS      | $32809389.63  | 3.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Vizsla Silver Corp.                                                        | VIZSLA SILVER CORP                                | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |    238419 | NS      | $1209625.18   | 0.14%             |  |  |  | No            | 1                  | On Loan: —       |
| PLS GROUP LTD                                                              | PILBARA MINERALS LTD                              | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |   2306823 | NS      | $6139776.21   | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| SSAB AB                                                                    | SSAB AB                                           | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    451834 | NS      | $3173454.90   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Collective Mining Ltd                                                      | COLLECTIVE MINING LTD                             | CUSIP: 19425C100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     39657 | NS      | $452914.75    | 0.05%             |  |  |  | No            | 1                  | On Loan: —       |
| NMDC STEEL LIMITED                                                         | NMDC STEEL LTD                                    | CUSIP: Y62245108<br>LEI: 335800XNI1D4ZCE7VG97 | Long             | EC               | CORP              | IN        |    539972 | NS      | $253497.19    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| GODAWARI POWER AND ISPAT LIMITED                                           | GODAWARI POWER AND ISPAT LTD                      | CUSIP: N/A<br>LEI: 335800BC29IHAN5IOG37       | Long             | EC               | CORP              | IN        |    170955 | NS      | $451596.96    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| FREEPORT-MCMORAN INC.                                                      | FREEPORT MCMORAN INC                              | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   1027933 | NS      | $44180560.34  | 4.99%             |  |  |  | No            | 1                  | On Loan: No      |
| IGO LIMITED                                                                | IGO LTD                                           | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |    486209 | NS      | $2160726.31   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Huaibei Mining Holdings Co.,Ltd.                                           | HUAIBEI MINING HOLDINGS CO LTD                    | CUSIP: Y013A7109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    112400 | NS      | $195867.54    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| SANDFIRE RESOURCES LIMITED                                                 | SANDFIRE RESOURCES LTD                            | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |    328637 | NS      | $3394618.89   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| JINDAL STAINLESS LIMITED                                                   | JINDAL STAINLESS LTD                              | CUSIP: N/A<br>LEI: 3358003QFQMSFDO7BP20       | Long             | EC               | CORP              | IN        |    235536 | NS      | $2037780.40   | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| ALPHA METALLURGICAL RESOURCES, INC.                                        | ALPHA METALLURGICAL RESOURCES INC                 | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |      7997 | NS      | $1273202.37   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| BORUSAN BIRLESIK BORU FABRIKALARI SANAYI VE TICARET ANONIM SIRKETI         | BORUSAN MANNESMANN BORU SANAYI VE TICARET AS      | CUSIP: N/A<br>LEI: 789000AZXX6WQ8RA1J39       | Long             | EC               | CORP              | TR        |     19074 | NS      | $198868.66    | 0.02%             |  |  |  | No            | 2                  | On Loan: —       |
| LIONTOWN RESOURCES LIMITED                                                 | LIONTOWN RESOURCES LTD                            | CUSIP: N/A<br>LEI: 529900LT0V2IEL7WZY56       | Long             | EC               | CORP              | AU        |   1368856 | NS      | $1288558.74   | 0.15%             |  |  |  | No            | 2                  | On Loan: —       |
| JAI BALAJI INDUSTRIES LIMITED                                              | JAI BALAJI INDUSTRIES LTD                         | CUSIP: Y4253T105<br>LEI: 25490001GPJGRVVSB379 | Long             | EC               | CORP              | IN        |    131577 | NS      | $101468.31    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Iperionx Ltd                                                               | IPERIONX LTD                                      | CUSIP: Q4789U120<br>LEI: 98450096B1C9E094C832 | Long             | EC               | CORP              | AU        |    207742 | NS      | $696915.49    | 0.08%             |  |  |  | No            | 2                  | On Loan: —       |
| BRAZILIAN REAL                                                             | BRAZIALIAN REAL                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | BR        |    325078 | NS      | $60900.47     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| Vulcan Steel Ltd                                                           | VULCAN STEEL LTD                                  | CUSIP: N/A<br>LEI: 98450060022AC677C824       | Long             | EC               | CORP              | NZ        |     53110 | NS      | $252122.49    | 0.03%             |  |  |  | No            | 2                  | On Loan: —       |
| Boliden AB                                                                 | BOLIDEN AB                                        | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |    203653 | NS      | $9772441.50   | 1.10%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Bumi Resources Minerals Tbk                                             | BUMI RESOURCES MINERALS TBK PT                    | CUSIP: Y711AT100<br>LEI: 529900KOJVEVTZ5IRE24 | Long             | EC               | CORP              | ID        |  40617500 | NS      | $2385242.57   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| CAP S.A.                                                                   | CAP SA                                            | CUSIP: N/A<br>LEI: 54930079GPG23NTBB003       | Long             | EC               | CORP              | CL        |     46961 | NS      | $327196.00    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| WARRIOR MET COAL, INC.                                                     | WARRIOR MET COAL INC                              | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     37585 | NS      | $2942529.65   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| KYOEI STEEL LTD.                                                           | KYOEI STEEL LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     13300 | NS      | $203298.05    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| GREAT BRITISH POUND                                                        | GREAT BRITISH POUND                               | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |     44587 | NS      | $59020.33     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO., LTD.                        | CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO LTD  | CUSIP: Y1521G105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     45400 | NS      | $301333.54    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Kobe Steel, Ltd.                                                           | KOBE STEEL LTD                                    | CUSIP: N/A<br>LEI: 549300ZDCYYUPHEE5K87       | Long             | EC               | CORP              | JP        |    253900 | NS      | $3175984.21   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Al Masane Al Kobra Mining Company SJSC                                     | AL MASANE AL KOBRA MINING CO                      | CUSIP: M08569101<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     25796 | NS      | $546009.96    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ILUKA RESOURCES LIMITED                                                    | ILUKA RESOURCES LTD                               | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |    308177 | NS      | $1302934.41   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| PT AMMAN MINERAL INTERNASIONAL TBK.                                        | AMMAN MINERAL INTERNASIONAL PT                    | CUSIP: Y009E4100<br>LEI: 5493006TJMVRZEVWCG37 | Long             | EC               | CORP              | ID        |  10391812 | NS      | $4121956.44   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| POLISH ZLOTY                                                               | POLISH ZLOTY                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | PL        |    255462 | NS      | $70002.15     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| CHINESE RENMINBI                                                           | CHINESE RENMINBI                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CN        |    295808 | NS      | $41844.29     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| CAPSTONE COPPER CORP                                                       | CAPSTONE COPPER CORP                              | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    587947 | NS      | $5200203.89   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| NIPPON STEEL CORPORATION                                                   | NIPPON STEEL CORP                                 | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |   3464925 | NS      | $13982350.81  | 1.58%             |  |  |  | No            | 2                  | On Loan: No      |
| SIBANYE STILLWATER LIMITED                                                 | SIBANYE STILLWATER LTD                            | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |   2028183 | NS      | $6692918.53   | 0.76%             |  |  |  | No            | 2                  | On Loan: —       |
| COMMERCIAL METALS COMPANY                                                  | COMMERCIAL METALS CO                              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     80199 | NS      | $5115092.22   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Western Mining Co., Ltd.                                                   | WESTERN MINING CO LTD                             | CUSIP: Y9535G102<br>LEI: 300300QBV4A9N1NDK519 | Long             | EC               | CORP              | CN        |    102200 | NS      | $334045.94    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| SWEDISH KRONE                                                              | SWEDISH KRONE                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SE        |    220745 | NS      | $23381.11     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Xinjiang Xinxin Mining Industry Co., Ltd.                                  | XINJIANG XINXIN MINING INDUSTRY CO LTD            | CUSIP: Y9723Q102<br>LEI: 529900IONU95GT1CFU57 | Long             | EC               | CORP              | CN        |    542000 | NS      | $143832.91    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| SSAB AB                                                                    | SSAB AB                                           | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    156264 | NS      | $1124800.32   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| MISHRA DHATU NIGAM LIMITED                                                 | MISHRA DHATU NIGAM LTD                            | CUSIP: N/A<br>LEI: 335800G1ZDM8GIT6DS63       | Long             | EC               | CORP              | IN        |     31277 | NS      | $115409.44    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Lundin Mining Corporation                                                  | LUNDIN MINING CORP                                | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    490737 | NS      | $9186503.93   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| NORWEGIAN KRONE                                                            | NORWEGIAN KRONE                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | NO        |    220345 | NS      | $21777.29     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| CHAMPION IRON LIMITED                                                      | CHAMPION IRON LTD                                 | CUSIP: N/A<br>LEI: 894500WQI96G4T75O202       | Long             | EC               | CORP              | AU        |    265766 | NS      | $1011969.73   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| USHA MARTIN LIMITED                                                        | USHA MARTIN LTD                                   | CUSIP: N/A<br>LEI: 33580037BPBHOK655A23       | Long             | EC               | CORP              | IN        |    109173 | NS      | $524428.90    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CANADIAN DOLLAR                                                            | CANADIAN DOLLAR                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |     25332 | NS      | $18127.30     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Lithium Americas Corp                                                      | LITHIUM AMERICAS CORP                             | CUSIP: 53681J103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |    159500 | NS      | $897112.60    | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| Shandong Nanshan Aluminium Co., Ltd.                                       | SHANDONG NANSHAN ALUMINUM CO LTD                  | CUSIP: N/A<br>LEI: 836800YU5J3RT2VPUO65       | Long             | EC               | CORP              | CN        |    498630 | NS      | $333237.41    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| China Northern Rare Earth (Group) High-Tech Co., Ltd.                      | CHINA NORTHERN RARE EARTH GROUP HIGH TECH CO LTD  | CUSIP: N/A<br>LEI: 300300CY5TYMU38UDM49       | Long             | EC               | CORP              | CN        |    153570 | NS      | $979361.57    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| JFE Holdings, Inc.                                                         | JFE HOLDINGS INC                                  | CUSIP: N/A<br>LEI: 3538002Y11Y03NA9B530       | Long             | EC               | CORP              | JP        |    412300 | NS      | $5058168.02   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Outokumpu Oyj                                                              | OUTOKUMPU OYJ                                     | CUSIP: N/A<br>LEI: 5493009YRUJJDCFF0R80       | Long             | EC               | CORP              | FI        |    270867 | NS      | $1273886.50   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| TA CHEN STAINLESS PIPE CO., LTD.                                           | TA CHEN STAINLESS PIPE                            | CUSIP: N/A<br>LEI: 254900953CKYO1W5WB63       | Long             | EC               | CORP              | TW        |   1374721 | NS      | $1626433.10   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| BLUESCOPE STEEL LIMITED                                                    | BLUESCOPE STEEL LTD                               | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               | CORP              | AU        |    314276 | NS      | $5006207.40   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| MITSUBISHI MATERIALS CORPORATION                                           | MITSUBISHI MATERIALS CORP                         | CUSIP: N/A<br>LEI: 35380076QOBOSOUBRT89       | Long             | EC               | CORP              | JP        |     88900 | NS      | $1784067.05   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Solaris Resources Inc                                                      | SOLARIS RESOURCES INC                             | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     64459 | NS      | $507849.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| USA Rare Earth Inc                                                         | USA RARE EARTH INC                                | CUSIP: 91733P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32625 | NS      | $438806.25    | 0.05%             |  |  |  | No            | 1                  | On Loan: —       |
| TURKISH LIRA                                                               | TURKISH LIRA                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | TR        |    906591 | NS      | $21330.92     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| IVANHOE MINES LTD                                                          | IVANHOE MINES LTD                                 | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    559408 | NS      | $5844471.57   | 0.66%             |  |  |  | No            | 1                  | On Loan: —       |
| PT Petrosea Tbk                                                            | PETROSEA TBK PT                                   | CUSIP: N/A<br>LEI: 254900FVV2ENXMCVUE96       | Long             | EC               | CORP              | ID        |   2155800 | NS      | $1296208.57   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| ALCOA CORPORATION                                                          | ALCOA CORP                                        | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    185520 | NS      | $7743604.80   | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| THE SANDUR MANGANESE AND IRON ORES LIMITED                                 | SANDUR MANGANESE IRON ORES LTD THE                | CUSIP: Y7499H116<br>LEI: 254900NF50X4VKSUO257 | Long             | EC               | CORP              | IN        |     82152 | NS      | $196661.88    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| NATIONAL ALUMINIUM CO LTD                                                  | NATIONAL ALUMINIUM CO LTD                         | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |    591541 | NS      | $1725343.98   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Norsk Hydro ASA                                                            | NORSK HYDRO ASA                                   | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    992352 | NS      | $7112685.03   | 0.80%             |  |  |  | No            | 2                  | On Loan: No      |
| WA1 Resources Ltd                                                          | WA1 RESOURCES LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     37237 | NS      | $394057.46    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| KAISER ALUMINUM CORPORATION                                                | KAISER ALUMINUM CORP                              | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11509 | NS      | $1105439.45   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| voestalpine AG                                                             | VOESTALPINE AG                                    | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |     76795 | NS      | $3318518.35   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Maruichi Steel Tube Ltd.                                                   | MARUICHI STEEL TUBE LTD                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    126200 | NS      | $1166006.07   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| NEW TAIWAN DOLLAR                                                          | NEW TAIWAN DOLLAR                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | TW        |    671988 | NS      | $21411.14     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| CITIC Pacific Special Steel Group Co., Ltd                                 | CITIC PACIFIC SPECIAL STEEL GROUP CO LTD          | CUSIP: N/A<br>LEI: 836800ETMJJWP4GAL167       | Long             | EC               | CORP              | CN        |    151500 | NS      | $325271.78    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| TATA STEEL LIMITED                                                         | TATA STEEL LTD                                    | CUSIP: 87656Y406<br>LEI: 335800E6C75YGSGD5T66 | Long             |  | CORP              | IN        |      3562 | NS      | $67321.80     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                                                       | EURO                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |     71555 | NS      | $83028.51     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| AFRICAN RAINBOW MINERALS LIMITED                                           | AFRICAN RAINBOW MINERALS LTD                      | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     74768 | NS      | $780797.69    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTH32 LIMITED                                                            | SOUTH32 LTD                                       | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |   3224060 | NS      | $6831613.71   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | BLACKROCK CASH FUNDS INSTITUTIONAL FUND SL AGENCY | CUSIP: 066922519<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  27084015 | NS      | $27097557.35  | 3.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ERAMET SA                                                                  | ERAMET SA                                         | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               | CORP              | FR        |      6039 | NS      | $376165.03    | 0.04%             |  |  |  | No            | 2                  | On Loan: —       |
| Daido Steel Co., Ltd.                                                      | DAIDO STEEL CO LTD                                | CUSIP: N/A<br>LEI: 353800WZKGRNG0T2FR92       | Long             | EC               | CORP              | JP        |     93400 | NS      | $946059.67    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| GMK NORIL'SKIY NIKEL' PAO                                                  | GMK NORILSKIY NICKEL PAO                          | CUSIP: X5424N118<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |     47600 | NS      | $0.06         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Aluminum Corporation of China Limited                                      | ALUMINUM CORP OF CHINA LTD                        | CUSIP: Y0094N125<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |    561365 | NS      | $838390.34    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTH AFRICAN RAND                                                         | SOUTH AFRICAN RAND                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | ZA        |    907030 | NS      | $53007.81     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| Ressources Teck Limitee                                                    | TECK RESOURCES LTD                                | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    327617 | NS      | $14049938.68  | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Trilogy Metals Inc                                                         | TRILOGY METALS INC                                | CUSIP: 89621C105<br>LEI: 52990084YC9OR0TUH237 | Long             | EC               | CORP              | CA        |     77051 | NS      | $329778.28    | 0.04%             |  |  |  | No            | 1                  | On Loan: —       |
| VULCAN ENERGY RESOURCES LIMITED                                            | VULCAN ENERGY RESOURCES LTD                       | CUSIP: Q9496S102<br>LEI: 8945006OYFHQ9HE4XE54 | Long             | EC               | CORP              | AU        |    109567 | NS      | $431764.63    | 0.05%             |  |  |  | No            | 2                  | On Loan: —       |
| Inner Mongolia Baotou Steel Union Co., Ltd                                 | INNER MONGOLIA BAOTOU STEEL UNION CO LTD          | CUSIP: N/A<br>LEI: 3003005DKNZILXCEDH07       | Long             | EC               | CORP              | CN        |   1924821 | NS      | $663524.70    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| BHP GROUP LIMITED                                                          | BHP GROUP LTD                                     | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |   3637931 | NS      | $99544606.86  | 11.24%            |  |  |  | No            | 2                  | On Loan: No      |
| CHILEAN PESO                                                               | CHILEAN PESO                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CL        |  12762139 | NS      | $13749.64     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| RIO TINTO PLC                                                              | RIO TINTO PLC                                     | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    808292 | NS      | $58037243.90  | 6.55%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Vale Indonesia Tbk                                                      | VALE INDONESIA TBK PT                             | CUSIP: N/A<br>LEI: 5299002HHYBH7C6WBQ62       | Long             | EC               | CORP              | ID        |   1548000 | NS      | $355490.40    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| SURYA ROSHNI LIMITED                                                       | SURYA ROSHNI LTD                                  | CUSIP: N/A<br>LEI: 3358007USXSNEN3WXO62       | Long             | EC               | CORP              | IN        |     47363 | NS      | $139715.08    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Merdeka Copper Gold Tbk                                                 | MERDEKA COPPER GOLD TBK PT                        | CUSIP: N/A<br>LEI: 894500DF5TJXCOE26L58       | Long             | EC               | CORP              | ID        |   6970286 | NS      | $956001.74    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| TATA STEEL LIMITED                                                         | TATA STEEL LTD                                    | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |   5331595 | NS      | $10041213.89  | 1.13%             |  |  |  | No            | 2                  | On Loan: No      |
| LUNR ROYALTIES CORP                                                        | LUNR ROYALTIES CORP                               | CUSIP: 550428106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     24059 | NS      | $24791.56     | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Baoshan Iron & Steel Co.,Ltd.                                              | BAOSHAN IRON STEEL CO LTD                         | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    927693 | NS      | $953074.82    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| MATERION CORPORATION                                                       | MATERION CORP                                     | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     14803 | NS      | $1808778.57   | 0.20%             |  |  |  | No            | 1                  | On Loan: —       |
| SUNCOKE ENERGY, INC.                                                       | SUNCOKE ENERGY INC                                | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     61714 | NS      | $402375.28    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| INNER MONGOLIA XINGYE SILVER&TIN MINING CO.,LTD                            | INNER MONGOLIA XINGYE SILVER TIN MINING CO LTD    | CUSIP: Y13689107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     75100 | NS      | $369137.59    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| MAJOR DRILLING GROUP INTERNATIONAL INC.                                    | MAJOR DRILLING GROUP INTERNATIONAL INC            | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |     57281 | NS      | $535324.96    | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| SeAH Besteel Holdings Corporation                                          | SEAH BESTEEL HOLDINGS CORP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     11220 | NS      | $212895.64    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| KOREA ZINC INC                                                             | KOREA ZINC CO LTD                                 | CUSIP: N/A<br>LEI: 988400D0HSQUB1I1VO41       | Long             | EC               | CORP              | KR        |      2770 | NS      | $2538265.93   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| GLENCORE PLC                                                               | GLENCORE PLC                                      | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |   7202647 | NS      | $34429780.27  | 3.89%             |  |  |  | No            | 2                  | On Loan: No      |
| PRESS METAL ALUMINIUM HOLDINGS BERHAD                                      | PRESS METAL ALUMINIUM HOLDINGS BHD                | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47       | Long             | EC               | CORP              | MY        |   2656800 | NS      | $4317417.65   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Moil Ltd                                                                   | MOIL LTD                                          | CUSIP: N/A<br>LEI: 335800KIMZB1TBYBFI12       | Long             | EC               | CORP              | IN        |     44340 | NS      | $168488.46    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Western Superconducting Technologies Co., Ltd.                             | WESTERN SUPERCONDUCTING TECHNOLOGIES CO LTD       | CUSIP: Y9T35V103<br>LEI: 300300IUC83XEOSKRG67 | Long             | EC               | CORP              | CN        |     27213 | NS      | $255421.42    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| KOREAN WON                                                                 | KOREAN WON                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | KR        |  31470277 | NS      | $21398.89     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| JX Advanced Metals Corporation                                             | JX ADVANCED METALS CORP                           | CUSIP: J2969E104<br>LEI: 353800NC6NPNKC4JEC58 | Long             | EC               | CORP              | JP        |    398400 | NS      | $4266889.49   | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| Yunnan Aluminium Co., Ltd.                                                 | YUNNAN ALUMINIUM CO LTD                           | CUSIP: N/A<br>LEI: 3003008AXWSVMLG3MX37       | Long             | EC               | CORP              | CN        |    149600 | NS      | $525559.83    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Jiaxin International Resources Investment Ltd                              | JIAXIN INTERNATIONAL RESOURCES INVESTMENT LTD     | CUSIP: Y4S4TM107<br>LEI: 98450000BMG7870N0359 | Long             | EC               | CORP              | HK        |     64400 | NS      | $293642.79    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| CMOC Group Limited                                                         | CHINA MOLYBDENUM CO LTD                           | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |   2670000 | NS      | $5572939.16   | 0.63%             |  |  |  | No            | 2                  | On Loan: No      |
| VEDANTA LIMITED                                                            | VEDANTA LTD                                       | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    980669 | NS      | $5787576.47   | 0.65%             |  |  |  | No            | 2                  | On Loan: No      |
| RAMKRISHNA FORGINGS LTD                                                    | RAMKRISHNA FORGINGS LTD                           | CUSIP: N/A<br>LEI: 335800DCYR2328NWUC07       | Long             | EC               | CORP              | IN        |     57808 | NS      | $356463.04    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| YAMATO KOGYO CO.,LTD.                                                      | YAMATO KOGYO CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     27100 | NS      | $1813349.41   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| thyssenkrupp AG                                                            | THYSSENKRUPP AG                                   | CUSIP: N/A<br>LEI: 549300UDG16DOYUPR330       | Long             | EC               | CORP              | DE        |    356532 | NS      | $3901070.89   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| JINDAL STEEL LIMITED                                                       | JINDAL STEEL LTD                                  | CUSIP: N/A<br>LEI: 335800UIKQBF6QO2NP15       | Long             | EC               | CORP              | IN        |    255356 | NS      | $2990784.06   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| VALTERRA PLATINUM LIMITED                                                  | VALTERRA PLATINUM LIMITED                         | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |    190088 | NS      | $13200788.76  | 1.49%             |  |  |  | No            | 2                  | On Loan: No      |
| ZAMIL INDUSTRIAL INVESTMENT CO SJSC                                        | ADVANCED BUILDING INDUSTRIES CO                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     20944 | NS      | $189914.92    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| AK ALROSA PAO                                                              | ALROSA PJSC                                       | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |   2886002 | NS      | $371.79       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL, INC.                                       | COMPASS MINERALS INTERNATIONAL INC                | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     25658 | NS      | $487245.42    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| GUANGDONG HEC TECHNOLOGY HOLDING CO., LTD                                  | GUANGDONG HEC TECHNOLOGY HOLDING CO LTD           | CUSIP: N/A<br>LEI: 300300W2PN2R35FBHK71       | Long             | EC               | CORP              | CN        |    127300 | NS      | $382707.35    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Mexico, S.A.B. de C.V.                                               | GRUPO MEXICO SAB DE CV                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   2226821 | NS      | $19332130.51  | 2.18%             |  |  |  | No            | 1                  | On Loan: No      |
| EVERGREEN STEEL CORPORATION                                                | EVERGREEN STEEL CORP                              | CUSIP: Y2R6D5101<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    133000 | NS      | $500591.85    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| MAHARASHTRA SEAMLESS LIMITED                                               | MAHARASHTRA SEAMLESS LTD                          | CUSIP: N/A<br>LEI: 3358005CN9WUZJFMHV66       | Long             | EC               | CORP              | IN        |     28435 | NS      | $187523.28    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| ALMONTY INDUSTRIES INC.                                                    | ALMONTY INDUSTRIES INC                            | CUSIP: 020398707<br>LEI: 54930049R1BTGV5RJ021 | Long             | EC               | CORP              | CA        |    113380 | NS      | $775636.19    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| WELSPUN CORP LIMITED                                                       | WELSPUN CORP LTD                                  | CUSIP: N/A<br>LEI: 335800XKRIPYYRZNRQ31       | Long             | EC               | CORP              | IN        |     65637 | NS      | $630398.00    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| JINDAL SAW LIMITED                                                         | JINDAL SAW LTD                                    | CUSIP: N/A<br>LEI: 335800DDPMLWP71NRQ10       | Long             | EC               | CORP              | IN        |    160950 | NS      | $293747.26    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| GLORIA MATERIAL TECHNOLOGY CORP                                            | GLORIA MATERIAL TECHNOLOGY CORP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    316000 | NS      | $319939.38    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Gravita India Ltd                                                          | GRAVITA INDIA LTD                                 | CUSIP: N/A<br>LEI: 335800PL6PSIRCLKWV57       | Long             | EC               | CORP              | IN        |     23652 | NS      | $483643.55    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| SeAH Steel Holdings Corporation                                            | SEAH STEEL HOLDINGS CORP                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |         1 | NS      | $96.08        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ERO COPPER CORP.                                                           | ERO COPPER CORP                                   | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     70244 | NS      | $1783432.05   | 0.20%             |  |  |  | No            | 1                  | On Loan: —       |
| Wanguo Gold Group Ltd                                                      | WANGUO GOLD GROUP                                 | CUSIP: N/A<br>LEI: 984500A4815DA9DE4623       | Long             | EC               | CORP              | KY        |    768000 | NS      | $785198.41    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| ArcelorMittal SA                                                           | ARCELORMITTAL SA                                  | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |    336082 | NS      | $14565345.52  | 1.64%             |  |  |  | No            | 2                  | On Loan: No      |
| SIMS LIMITED                                                               | SIMS LTD                                          | CUSIP: N/A<br>LEI: 5493002YM7ZHVDMFC916       | Long             | EC               | CORP              | AU        |    118188 | NS      | $1324326.05   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| DETERRA ROYALTIES LIMITED                                                  | DETERRA ROYALTIES LTD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    312708 | NS      | $830260.47    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| NICKEL INDUSTRIES LIMITED                                                  | NICKEL INDUSTRIES LTD                             | CUSIP: N/A<br>LEI: 54930007K0WX53TSIK16       | Long             | EC               | CORP              | AU        |   1555205 | NS      | $739795.54    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| RIO TINTO LIMITED                                                          | RIO TINTO LTD                                     | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |    265987 | NS      | $23073494.26  | 2.60%             |  |  |  | No            | 2                  | On Loan: No      |
| XAE ENERGY DEC25                                                           | XAE ENERGY DEC25                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1860.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Salzgitter Aktiengesellschaft                                              | SALZGITTER AG                                     | CUSIP: N/A<br>LEI: 529900E12Z6HXIMHFA15       | Long             | EC               | CORP              | DE        |     17224 | NS      | $712446.17    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| STANMORE RESOURCES LIMITED                                                 | STANMORE RESOURCES LTD                            | CUSIP: N/A<br>LEI: 52990090OHRBVS7DDA54       | Long             | EC               | CORP              | AU        |    263830 | NS      | $397798.20    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| VIOHALCO SA                                                                | VIOHALCO SA                                       | CUSIP: N/A<br>LEI: 549300U0BOLVY36TGJ31       | Long             | EC               | CORP              | BE        |     36548 | NS      | $420436.66    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CONSTELLIUM SE                                                             | CONSTELLIUM SE                                    | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     89982 | NS      | $1512597.42   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Aluminum Corporation of China Limited                                      | ALUMINUM CORP OF CHINA LTD                        | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |   2674000 | NS      | $3616697.08   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| RATNAMANI METALS AND TUBES LIMITED                                         | RATNAMANI METALS TUBES LTD                        | CUSIP: N/A<br>LEI: 335800814OWZ2ALCNM51       | Long             | EC               | CORP              | IN        |     19994 | NS      | $530338.19    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Ivanhoe Electric Inc                                                       | IVANHOE ELECTRIC INC US                           | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66617 | NS      | $953289.27    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| TR Anadolu Metal Madencilik Isletmeleri AS                                 | TR ANADOLU METAL MADENCILIK ISLETMELERI AS        | CUSIP: N/A<br>LEI: 789000DVKGVEC9701443       | Long             | EC               | CORP              | TR        |    129074 | NS      | $287491.02    | 0.03%             |  |  |  | No            | 2                  | On Loan: —       |
| HINDUSTAN COPPER LTD                                                       | HINDUSTAN COPPER LTD                              | CUSIP: Y3213W117<br>LEI: 33580013OQMTB8N3IV37 | Long             | EC               |  | IN        |    209334 | NS      | $768120.40    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| DOWA HOLDINGS CO.,LTD.                                                     | DOWA HOLDINGS CO LTD                              | CUSIP: N/A<br>LEI: 353800ZSQZKFE140A689       | Long             | EC               | CORP              | JP        |     37900 | NS      | $1476727.72   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| MSCI EMGMKT DEC25                                                          | MSCI EMGMKT DEC25                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $4626.96      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JAPANESE YEN                                                               | JAPANESE YEN                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | JP        |   9049225 | NS      | $57931.72     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| SAUDI ARABIAN RIYAL                                                        | SAUDI ARABIAN RYAL                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SA        |    541881 | NS      | $144445.74    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| SEVERSTAL' PAO                                                             | SEVERSTAL PAO                                     | CUSIP: X7803S106<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |    233400 | NS      | $30.07        | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| POONGSAN CORPORATION                                                       | POONGSAN CORP                                     | CUSIP: N/A<br>LEI: 2549007P08ZD5QJS1369       | Long             | EC               | CORP              | KR        |     12117 | NS      | $819714.18    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| ANGLO AMERICAN PLC                                                         | ANGLO AMERICAN ORD NPV                            | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |    801903 | NS      | $30308137.65  | 3.42%             |  |  |  | No            | 2                  | On Loan: No      |
| METALLUS INC.                                                              | METALLUS INC                                      | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     27701 | NS      | $468423.91    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Saudi Arabian Mining Company SJSC                                          | SAUDI ARABIAN MINING CO                           | CUSIP: N/A<br>LEI: 254900R4HAVLB4GY9713       | Long             | EC               | CORP              | SA        |    975243 | NS      | $15864116.66  | 1.79%             |  |  |  | No            | 2                  | On Loan: No      |
| ALTIUS MINERALS CORPORATION                                                | ALTIUS MINERALS CORP                              | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |     28644 | NS      | $818253.59    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Jinduicheng Molybdenum Co Ltd                                              | JINDUICHENG MOLYBDENUM CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    137600 | NS      | $271946.24    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Sigma Lithium Corp                                                         | SIGMA LITHIUM CORP                                | CUSIP: 826599102<br>LEI: 529900XCIHIRYYXKJF45 | Long             | EC               | CORP              | CA        |     46750 | NS      | $528742.50    | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Labrador Iron Ore Royalty Corporation                                      | LABRADOR IRON ORE ROYALTY CORP                    | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     45808 | NS      | $978802.02    | 0.11%             |  |  |  | No            | 1                  | On Loan: —       |
| NOVOLIPETSK STEEL PAO                                                      | NOVOLIPETSK STEEL PJSC                            | CUSIP: X58996103<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |     11120 | NS      | $1.43         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| STEEL DYNAMICS, INC.                                                       | STEEL DYNAMICS INC                                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    100197 | NS      | $16816062.51  | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| HILL & SMITH PLC                                                           | HILL SMITH PLC                                    | CUSIP: N/A<br>LEI: 2138003A3ISGQZBOWI83       | Long             | EC               | CORP              | GB        |     56980 | NS      | $1703795.96   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| APL APOLLO TUBES LIMITED                                                   | APL APOLLO TUBES LTD                              | CUSIP: N/A<br>LEI: 335800ZU4GXSB7Q4IU95       | Long             | EC               | CORP              | IN        |    129263 | NS      | $2490017.85   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| TOKYO STEEL MANUFACTURING CO., LTD.                                        | TOKYO STEEL MANUFACTURING CO LTD                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     38300 | NS      | $353865.96    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| SHOUGANG FUSHAN RESOURCES GROUP LIMITED                                    | SHOUGANG FUSHAN RESOURCES GROUP LTD               | CUSIP: N/A<br>LEI: 529900OPUNJYLOX4OL37       | Long             | EC               | CORP              | HK        |   1504000 | NS      | $562750.69    | 0.06%             |  |  |  | No            | 2                  | On Loan: —       |
| SINGAPORE DOLLARS                                                          | SINGAPORE DOLLARS                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SG        |     23601 | NS      | $18212.93     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Atalaya Mining Copper, S.A.                                                | ATALAYA MINING COPPER SA                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ES        |     70596 | NS      | $664929.17    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Bradespar S.A                                                              | BRADESPAR SA                                      | CUSIP: N/A<br>LEI: 9598001UD1DHEH3PZ471       | Long             | EC               | CORP              | BR        |    180223 | NS      | $652643.03    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Aurubis AG                                                                 | AURUBIS AG                                        | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |     22543 | NS      | $3118348.94   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                                   | CENTURY ALUMINUM CO                               | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     40703 | NS      | $1219868.91   | 0.14%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer