# EDGAR Filing Document

**Accession Number:** 0001415995
**File Stem:** 0001752724-23-069574
**Filing Date:** 2023-3
**Character Count:** 94065
**Document Hash:** d45aa02156c0bc0d6a4c02e4ab86f0df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-069574.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-069574

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IndexIQ ETF Trust
- **CENTRAL INDEX KEY:** 0001415995
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22227
- **FILM NUMBER:** 23767803

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 888-474-7725

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IQSHARES Trust
- **DATE OF NAME CHANGE:** 20080808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IQSHARES Trust 1
- **DATE OF NAME CHANGE:** 20071024

## Series and Classes Contracts Data

### IQ Global Resources ETF (Series ID: S000025932)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000077929 | IQ Global Resources ETF | GRES            |

## Nport-Ex

Schedule of Investments ─ IQ Global Resources ETF

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks — 99.7%** |  |  |
| **Australia - 14.1%** |  |  |
| Australian Agricultural Co., Ltd.<sup>\*</sup> | 9492 | $11571 |
| BHP Group Ltd. | 49669 | 1728269 |
| Evolution Mining Ltd. | 17988 | 40561 |
| Fortescue Metals Group Ltd. | 30192 | 473153 |
| Glencore PLC | 129090 | 860092 |
| Gold Road Resources Ltd. | 9273 | 10749 |
| IGO Ltd. | 7427 | 76251 |
| Iluka Resources Ltd. | 4148 | 31567 |
| Inghams Group Ltd. | 5848 | 11950 |
| Mineral Resources Ltd. | 1846 | 115692 |
| Newcrest Mining Ltd. | 8743 | 137447 |
| Northern Star Resources Ltd. | 11415 | 100947 |
| OceanaGold Corp.<sup>\*</sup> | 7429 | 16034 |
| OZ Minerals Ltd. | 3285 | 64629 |
| Perseus Mining Ltd. | 12969 | 19557 |
| Ramelius Resources Ltd. | 9116 | 6424 |
| Regis Resources Ltd. | 7932 | 11961 |
| Rio Tinto PLC | 15979 | 1243060 |
| Silver Lake Resources Ltd.<sup>\*</sup> | 9775 | 8954 |
| South32 Ltd. | 45490 | 145528 |
| Woodside Energy Group Ltd. | 10170 | 259851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Australia |  | 5374247 |
| **Austria - 0.3%** |  |  |
| OMV AG | 1171 | 58310 |
| voestalpine AG | 1805 | 59594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Austria |  | 117904 |
| **Brazil - 1.0%** |  |  |
| Wheaton Precious Metals Corp. | 4460 | 203355 |
| Yara International ASA | 4312 | 190814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Brazil |  | 394169 |
| **Burkina Faso - 0.2%** |  |  |
| Endeavour Mining PLC | 2452 | 57626 |
| IAMGOLD Corp.<sup>\*</sup> | 5033 | 14107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Burkina Faso |  | 71733 |
| **Canada - 8.3%** |  |  |
| Agnico Eagle Mines Ltd. | 2403 | 135318 |
| Alamos Gold, Inc., Class A | 3876 | 42642 |
| B2Gold Corp. | 10452 | 41280 |
| Barrick Gold Corp. | 17600 | 343202 |
| Canadian Natural Resources Ltd. | 4156 | 254371 |
| Canfor Corp.<sup>\*</sup> | 2172 | 41036 |
| Cenovus Energy, Inc. | 7088 | 141192 |
| Centerra Gold, Inc. | 3135 | 20064 |
| Dundee Precious Metals, Inc. | 2014 | 13116 |
| Enbridge, Inc. | 7240 | 295601 |
| Equinox Gold Corp.<sup>\*</sup> | 3194 | 14578 |
| First Majestic Silver Corp. | 2745 | 21621 |
| Imperial Oil Ltd. | 2392 | 130360 |
| K92 Mining, Inc.<sup>\*</sup> | 2347 | 13544 |
| Kinross Gold Corp. | 12796 | 59360 |
| Lundin Gold, Inc. | 2462 | 28414 |
| Maple Leaf Foods, Inc. | 2094 | 39688 |
| New Gold, Inc.<sup>\*</sup> | 7187 | 8456 |
| Nutrien Ltd. | 9247 | 763267 |
| Osisko Gold Royalties Ltd. | 1754 | 23411 |
| Pan American Silver Corp. | 2082 | 37838 |
| Pembina Pipeline Corp. | 1967 | 69594 |
| Sandstorm Gold Ltd. | 2023 | 11704 |
| SSR Mining, Inc. | 2101 | 35396 |
| Suncor Energy, Inc. | 5117 | 177092 |
| TC Energy Corp. | 3507 | 150677 |
| Torex Gold Resources, Inc.<sup>\*</sup> | 906 | 12419 |
| Wesdome Gold Mines Ltd.<sup>\*</sup> | 1497 | 6922 |
| West Fraser Timber Co., Ltd. | 1843 | 159791 |
| Yamana Gold, Inc. | 9494 | 57134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Canada |  | 3149088 |
| **Chile - 0.7%** |  |  |
| Antofagasta PLC | 9728 | 207487 |
| Lundin Mining Corp. | 7278 | 54925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Chile |  | 262412 |
| **China - 4.8%** |  |  |
| China Hongqiao Group Ltd. | 91610 | 105885 |
| China Petroleum & Chemical Corp., Class H | 432693 | 232947 |
| CMOC Group Ltd., Class H | 212352 | 122450 |
| COFCO Joycome Foods Ltd.<sup>\*</sup> | 61698 | 19993 |
| Dali Foods Group Co., Ltd. | 229888 | 102648 |
| Guangdong Investment Ltd. | 52800 | 57323 |
| MMG Ltd.<sup>\*</sup> | 91124 | 29411 |
| PetroChina Co., Ltd., Class H | 654094 | 347969 |
| Southern Energy Holdings Group Ltd.<sup>\*(a)</sup> | 53183 | 0 |
| Wilmar International Ltd. | 105453 | 326544 |
| Zhaojin Mining Industry Co., Ltd., Class H<sup>\*</sup> | 32375 | 37131 |
| Zijin Mining Group Co., Ltd., Class H | 259670 | 427342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total China |  | 1809643 |
| **Denmark - 0.4%** |  |  |
| Chr Hansen Holding A/S | 2238 | 164539 |
| **Egypt - 0.0%<sup>(b)</sup>** |  |  |
| Centamin PLC | 12199 | 16678 |
| **Finland - 2.3%** |  |  |
| Metso Outotec OYJ | 8339 | 95230 |
| Neste OYJ | 2835 | 134950 |
| Stora Enso OYJ, Class R | 14164 | 201438 |
| UPM-Kymmene OYJ | 9528 | 344066 |
| Valmet OYJ<sup>(c)</sup> | 2667 | 83332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Finland |  | 859016 |
| **France - 2.0%** |  |  |
| TotalEnergies SE | 9412 | 582443 |
| Veolia Environnement SA | 5865 | 173127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total France |  | 755570 |
| **Germany - 0.3%** |  |  |
| Aurubis AG | 461 | 48405 |
| Suedzucker AG | 3356 | 54307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Germany |  | 102712 |

---

Schedule of Investments ─ IQ Global Resources ETF (continued)

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks (continued)** |  |  |
| **Hong Kong - 0.1%** |  |  |
| Vitasoy International Holdings Ltd.<sup>(c)</sup> | 17962 | $38130 |
| **Indonesia - 0.2%** |  |  |
| Golden Agri-Resources Ltd. | 212614 | 40441 |
| Nickel Industries Ltd. | 27567 | 21270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Indonesia |  | 61711 |
| **Ireland - 0.7%** |  |  |
| Kerry Group PLC, Class A | 2964 | 276645 |
| **Italy - 0.6%** |  |  |
| Eni SpA | 13160 | 202037 |
| Interpump Group SpA | 861 | 44679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Italy |  | 246716 |
| **Japan - 3.4%** |  |  |
| Ajinomoto Co., Inc. | 8971 | 294768 |
| Itoham Yonekyu Holdings, Inc. | 4615 | 25303 |
| JFE Holdings, Inc. | 5661 | 74308 |
| Kagome Co., Ltd. | 1476 | 35979 |
| Kewpie Corp. | 2317 | 40302 |
| Kikkoman Corp. | 3194 | 167995 |
| NH Foods Ltd. | 1706 | 51162 |
| Nichirei Corp. | 2176 | 45496 |
| Nippon Steel Corp. | 9052 | 187590 |
| Nisshin Seifun Group, Inc. | 4958 | 61953 |
| Oji Holdings Corp. | 17177 | 70798 |
| Prima Meat Packers Ltd. | 794 | 13444 |
| S Foods, Inc. | 500 | 11404 |
| Sumitomo Metal Mining Co., Ltd. | 2701 | 109000 |
| Toyo Suisan Kaisha Ltd. | 1703 | 70323 |
| Yamazaki Baking Co., Ltd. | 3549 | 41509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Japan |  | 1301334 |
| **Luxembourg - 0.8%** |  |  |
| ArcelorMittal SA | 9285 | 285981 |
| **Mexico - 1.7%** |  |  |
| Fresnillo PLC | 7272 | 73537 |
| Southern Copper Corp.<sup>(c)</sup> | 7654 | 575657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Mexico |  | 649194 |
| **Netherlands - 2.4%** |  |  |
| OCI NV | 3549 | 120411 |
| Shell PLC | 26986 | 788703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Netherlands |  | 909114 |
| **New Zealand - 0.1%** |  |  |
| Fletcher Building Ltd. | 13865 | 45428 |
| **Norway - 1.3%** |  |  |
| Equinor ASA | 11461 | 348021 |
| Norsk Hydro ASA | 20142 | 162011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Norway |  | 510032 |
| **Peru - 0.0%<sup>(b)</sup>** |  |  |
| Hochschild Mining PLC | 5432 | 4571 |
| **Singapore - 0.2%** |  |  |
| Olam Group Ltd. | 63333 | 76615 |
| **South Africa - 1.5%** |  |  |
| Anglo American PLC | 13200 | 563325 |
| **Spain - 0.4%** |  |  |
| Befesa SA | 423 | 24164 |
| Ebro Foods SA | 2625 | 44987 |
| Repsol SA | 5344 | 87580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Spain |  | 156731 |
| **Sweden - 0.8%** |  |  |
| AAK AB | 4366 | 75020 |
| Boliden AB | 2782 | 124223 |
| Holmen AB, B Shares | 2868 | 117735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Sweden |  | 316978 |
| **Switzerland - 0.1%** |  |  |
| Bell Food Group AG | 99 | 25861 |
| **Turkey - 0.0%<sup>(b)</sup>** |  |  |
| Eldorado Gold Corp.<sup>\*</sup> | 1927 | 18398 |
| **Ukraine - 0.0%<sup>(b)</sup>** |  |  |
| Ferrexpo PLC | 6212 | 12114 |
| **United Kingdom - 2.9%** |  |  |
| Associated British Foods PLC | 13223 | 302136 |
| BP PLC | 69077 | 415722 |
| Cranswick PLC | 888 | 34786 |
| Greggs PLC | 1699 | 56349 |
| Severn Trent PLC | 2025 | 70203 |
| Spirax-Sarco Engineering PLC | 596 | 84600 |
| Tate & Lyle PLC | 6663 | 61767 |
| United Utilities Group PLC | 5518 | 71872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total United Kingdom |  | 1097435 |
| **United States - 47.7%** |  |  |
| Alcoa Corp. | 1826 | 95390 |
| American Water Works Co., Inc. | 1499 | 234579 |
| Archer-Daniels-Midland Co. | 9439 | 782021 |
| Armstrong World Industries, Inc. | 823 | 63708 |
| ATI, Inc.<sup>\*</sup> | 1262 | 45924 |
| B&G Foods, Inc.<sup>(c)</sup> | 1083 | 15184 |
| Baker Hughes Co. | 3406 | 108106 |
| Boise Cascade Co. | 687 | 51504 |
| Builders FirstSource, Inc.<sup>\*</sup> | 3088 | 246114 |
| Bunge Ltd. | 2397 | 237543 |

---

Schedule of Investments ─ IQ Global Resources ETF (continued)

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks (continued)** |  |  |
| **United States (continued)** |  |  |
| Campbell Soup Co. | 5066 | $263077 |
| Cheniere Energy, Inc. | 909 | 138886 |
| Chevron Corp. | 6959 | 1211005 |
| Cleveland-Cliffs, Inc.<sup>\*(c)</sup> | 5192 | 110849 |
| Coeur Mining, Inc.<sup>\*</sup> | 2709 | 10538 |
| Commercial Metals Co. | 1203 | 65287 |
| Conagra Brands, Inc. | 8054 | 299528 |
| ConocoPhillips | 4631 | 564380 |
| Coterra Energy, Inc. | 2898 | 72537 |
| Devon Energy Corp. | 2374 | 150132 |
| Diamondback Energy, Inc. | 634 | 92640 |
| Dover Corp. | 1189 | 180526 |
| Ecolab, Inc. | 2362 | 365708 |
| EOG Resources, Inc. | 2092 | 276667 |
| Essential Utilities, Inc. | 2087 | 97526 |
| Exxon Mobil Corp. | 15127 | 1754883 |
| Flowers Foods, Inc. | 3551 | 98327 |
| FMC Corp. | 2114 | 281437 |
| Freeport-McMoRan, Inc. | 14404 | 642707 |
| General Mills, Inc. | 10111 | 792298 |
| Graco, Inc. | 1397 | 95443 |
| Hain Celestial Group, Inc. (The)<sup>\*(c)</sup> | 1444 | 29631 |
| Halliburton Co. | 3211 | 132357 |
| Hecla Mining Co.<sup>(c)</sup> | 5330 | 32886 |
| Hess Corp. | 1107 | 166227 |
| Hormel Foods Corp. | 9151 | 414632 |
| IDEX Corp. | 628 | 150519 |
| Ingredion, Inc. | 1120 | 115136 |
| International Paper Co. | 6547 | 273796 |
| J&J Snack Foods Corp. | 321 | 45999 |
| Kellogg Co. | 5699 | 390837 |
| Kinder Morgan, Inc. | 8102 | 148267 |
| Kraft Heinz Co. (The) | 20566 | 833540 |
| Louisiana-Pacific Corp. | 1502 | 102271 |
| Marathon Petroleum Corp. | 1996 | 256526 |
| Mondelez International, Inc., Class A | 23311 | 1525472 |
| Mosaic Co. (The) | 6184 | 306355 |
| Mueller Industries, Inc. | 567 | 37167 |
| Newmont Corp. | 7847 | 415342 |
| Nucor Corp. | 2661 | 449762 |
| Occidental Petroleum Corp. | 3348 | 216917 |
| ONEOK, Inc. | 1595 | 109226 |
| Pentair PLC | 1333 | 73822 |
| Phillips 66 | 1716 | 172063 |
| Pilgrim's Pride Corp.<sup>\*(c)</sup> | 4095 | 99427 |
| Pioneer Natural Resources Co. | 868 | 199944 |
| Post Holdings, Inc.<sup>\*</sup> | 1038 | 98558 |
| Reliance Steel & Aluminum Co. | 611 | 138972 |
| Schlumberger Ltd. | 5049 | 287692 |
| Seaboard Corp. | 19 | 74490 |
| Simpson Manufacturing Co., Inc. | 757 | 81082 |
| Steel Dynamics, Inc. | 1895 | 228613 |
| Tyson Foods, Inc., Class A | 5968 | 392396 |
| UFP Industries, Inc. | 1084 | 101408 |
| United States Steel Corp. | 2580 | 73504 |
| Valero Energy Corp. | 1463 | 204864 |
| Watts Water Technologies, Inc., Class A | 270 | 44150 |
| Williams Cos., Inc. (The) | 4349 | 140212 |
| Xylem, Inc. | 1484 | 154351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total United States |  | 18162867 |
| **Zambia - 0.4%** |  |  |
| First Quantum Minerals Ltd. | 6836 | 158150 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $32,940,571)** |  | **37995041** |
| **Short-Term Investments — 0.2%** |  |  |
| **Money Market Funds — 0.2%** |  |  |
| Dreyfus Government Cash Management Fund, Institutional Shares, 4.23%<sup>(d)(e)</sup> | 15385 | 15385 |
| Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.30%<sup>(d)</sup> | 65863 | 65863 |
| **Total Short-Term Investments** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $81,248)** |  | **81248** |
| **Total Investments — 99.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $33,021,819)** |  | **38076289** |
| **Other Assets and Liabilities, Net — 0.1%** |  | **30298** |
| **Net Assets — 100.0%** |  | $**38106587** |

---

---

| | | |
|:---|:---|:---|
| <br>**Industry** |<br>**Value** | **% of**<br>**Net Assets** |
| Energy | $11080951 | 29.1% |
| Grains Food Fiber | 9579459 | 25.1 |
| Industrial Metals | 9571345 | 25.1 |
| Precious Metals | 2666815 | 7.0 |
| Timber | 1983507 | 5.2 |
| Water | 1898428 | 5.0 |
| Livestock | 1214536 | 3.2 |
| Money Market Funds | 81248 | 0.2 |
| Total Investments | $38076289 | 99.9% |
| Other Assets and Liabilities, Net | 30298 | 0.1 |
| Total Net Assets | $38106587 | 100.0% |

---

\* Non-income producing securities.

(a) Security is fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The security is fair valued using significant unobservable inputs.

(b) Less than 0.05%.

(c) All or a portion of the security was on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The aggregate market value of securities on loan was $668,485; total market value of collateral held by the Fund was $685,394. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $670,009.

(d) Reflects the 1-day yield at January 31, 2023.

(e) Represents security purchased with cash collateral received for securities on loan.

Schedule of Investments ─ IQ Global Resources ETF (continued)

January 31, 2023 (unaudited)

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund's most recent semi-annual or annual financial statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| Investments in Securities:<sup>(f)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $37995041 | $– | $0 <sup>(g)</sup> | $37995041 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 81248 | – | – | 81248 |
| Total Investments in Securities | $38076289 | $– | $– | $38076289 |

---

(f) For a complete
 listing of investments and their countries, see the Schedule of Investments.

(g) The Level 3 security,
 valued at $0, has been fair valued in good faith in accordance with procedures established by the Board of Trustees.

A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of period.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** IndexIQ ETF Trust

- **b. Investment Company Act file number:** 811-22227

- **c. CIK number of Registrant:** 0001415995

- **d. LEI of Registrant:** 549300RB5MLWJ1UN5M66

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

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

- **a. Name of Series:** IQ Global Resources ETF

- **b. EDGAR series identifier (if any):** S000025932

- **c. LEI of Series:** 549300K4NW18Y54P3Q31

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $38131151.30

**Total Liabilities:** $24562.51

**Net Assets:** $38106588.79

**Cash Not Reported:** $363.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077929 | 9.75%                | -1.51%               | 6.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $326610.74               | $2271005.79                                |
| Month 2  | $-41389.91               | $-593353.07                                |
| Month 3  | $364156.91               | $1954308.59                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Repsol SA                                                    | Repsol SA                                                    | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |      5344 | NS      | $87579.92     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Steel Corp                                            | Nippon Steel Corp                                            | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |      9052 | NS      | $187589.99    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Metals Group Ltd                                   | Fortescue Metals Group Ltd                                   | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     30192 | NS      | $473152.81    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JFE Holdings Inc                                             | JFE Holdings Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5661 | NS      | $74307.56     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                                    | West Fraser Timber Co Ltd                                    | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |      1843 | NS      | $159790.66    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                                  | American Water Works Co Inc                                  | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      1499 | NS      | $234578.51    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corp                                     | United States Steel Corp                                     | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |      2580 | NS      | $73504.20     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                           | Valero Energy Corp                                           | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      1463 | NS      | $204863.89    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                               | CMOC Group Ltd                                               | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    212352 | NS      | $122450.08    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                                              | Kerry Group PLC                                              | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |      2964 | NS      | $276644.72    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nickel Industries Ltd                                        | Nickel Industries Ltd                                        | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | EC               | CORP              | AU        |     27567 | NS      | $21270.54     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                                      | ATI Inc                                                      | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      1262 | NS      | $45924.18     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                                 | Glencore PLC                                                 | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    129090 | NS      | $860091.45    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                              | Tyson Foods Inc                                              | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      5968 | NS      | $392396.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                                            | Devon Energy Corp                                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      2374 | NS      | $150131.76    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                                   | Dover Corp                                                   | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      1189 | NS      | $180525.87    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                                     | FMC Corp                                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      2114 | NS      | $281436.82    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CH UNIENERGY                                                 | Southern Energy Holdings Group Ltd                           | CUSIP: 000000000<br>LEI: 3003001S9HGWLWWFT460 | Long             | EC               | CORP              | CN        |     53183 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Barrick Gold Corp                                            | Barrick Gold Corp                                            | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     17600 | NS      | $343202.31    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamazaki Baking Co Ltd                                       | Yamazaki Baking Co Ltd                                       | CUSIP: 984632109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3549 | NS      | $41508.93     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VITASOY INT'L                                                | Vitasoy International Holdings Ltd                           | CUSIP: 000000000<br>LEI: 5493003LPGHN62KWIZ77 | Long             | EC               | CORP              | HK        |     17962 | NS      | $38130.48     | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Olam Group Ltd                                               | Olam Group Ltd                                               | CUSIP: 000000000<br>LEI: 9845006F83F5EEC2A704 | Long             | EC               | CORP              | SG        |     63333 | NS      | $76615.41     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichirei Corp                                                | Nichirei Corp                                                | CUSIP: 000000000<br>LEI: 529900MX3GPXXKO0MT06 | Long             | EC               | CORP              | JP        |      2176 | NS      | $45496.13     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                                              | Tate & Lyle PLC                                              | CUSIP: 000000000<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |      6663 | NS      | $61767.36     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                               | ConocoPhillips                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      4631 | NS      | $564379.97    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                                       | International Paper Co                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      6547 | NS      | $273795.54    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Inghams Group Ltd                                            | Inghams Group Ltd                                            | CUSIP: 000000000<br>LEI: 529900ZZ4VRHSGVBNE41 | Long             | EC               | CORP              | AU        |      5848 | NS      | $11950.34     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                                            | Flowers Foods Inc                                            | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      3551 | NS      | $98327.19     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals Inc                                   | Dundee Precious Metals Inc                                   | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |      2014 | NS      | $13116.24     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Befesa SA                                                    | Befesa SA                                                    | CUSIP: 000000000<br>LEI: 222100VXGA8L6J4ZWG61 | Long             | EC               | CORP              | LU        |       423 | NS      | $24164.34     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                           | Coterra Energy Inc                                           | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      2898 | NS      | $72536.94     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Holmen AB                                                    | Holmen AB                                                    | CUSIP: 000000000<br>LEI: 52990080SH3454F0QE68 | Long             | EC               | CORP              | SE        |      2868 | NS      | $117735.43    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                                     | Builders FirstSource Inc                                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      3088 | NS      | $246113.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                           | Lundin Mining Corp                                           | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      7278 | NS      | $54925.21     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                                  | Northern Star Resources Ltd                                  | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     11415 | NS      | $100947.23    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                                   | Mondelez International Inc                                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     23311 | NS      | $1525471.84   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                                | Rio Tinto PLC                                                | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     15979 | NS      | $1243060.29   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fletcher Building Ltd                                        | Fletcher Building Ltd                                        | CUSIP: 000000000<br>LEI: 549300UPHQTT2LG75045 | Long             | EC               | CORP              | NZ        |     13865 | NS      | $45428.46     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                                   | Alcoa Corp                                                   | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      1826 | NS      | $95390.24     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                                               | K92 Mining Inc                                               | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |      2347 | NS      | $13543.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                                    | Shell PLC                                                    | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     26986 | NS      | $788702.96    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT                           | DREYFUS GOVERNMENT CASH MANAGEMENT                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     15385 | NS      | $15385.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                                       | J & J Snack Foods Corp                                       | CUSIP: 466032109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       321 | NS      | $45999.30     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                                 | Sumitomo Metal Mining Co Ltd                                 | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |      2701 | NS      | $108999.56    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Osisko Gold Royalties Ltd                                    | Osisko Gold Royalties Ltd                                    | CUSIP: 68827L101<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      1754 | NS      | $23411.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                                  | Pentair PLC                                                  | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | GB        |      1333 | NS      | $73821.54     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bell Food Group AG                                           | Bell Food Group AG                                           | CUSIP: 000000000<br>LEI: 50670090YSFJ2732TD58 | Long             | EC               | CORP              | CH        |        99 | NS      | $25861.22     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dali Foods Group Co Ltd                                      | Dali Foods Group Co Ltd                                      | CUSIP: 000000000<br>LEI: 52990093PPQC644N7T38 | Long             | EC               | CORP              | CN        |    229888 | NS      | $102647.56    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Suedzucker AG                                                | Suedzucker AG                                                | CUSIP: 000000000<br>LEI: 529900S8QNB101D40S72 | Long             | EC               | CORP              | DE        |      3356 | NS      | $54307.16     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                                   | First Quantum Minerals Ltd                                   | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      6836 | NS      | $158149.90    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                                | Mosaic Co/The                                                | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      6184 | NS      | $306355.36    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                                           | Perseus Mining Ltd                                           | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |     12969 | NS      | $19556.68     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Prima Meat Packers Ltd                                       | Prima Meat Packers Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       794 | NS      | $13444.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshin Seifun Group Inc                                     | Nisshin Seifun Group Inc                                     | CUSIP: 000000000<br>LEI: 529900N4QFZS1P6PYX29 | Long             | EC               | CORP              | JP        |      4958 | NS      | $61953.55     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG Ltd                                                      | MMG Ltd                                                      | CUSIP: 000000000<br>LEI: 529900XB5IQXFMSWEC48 | Long             | EC               | CORP              | AU        |     91124 | NS      | $29411.53     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                       | BP PLC                                                       | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     69077 | NS      | $415722.30    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| China Hongqiao Group Ltd                                     | China Hongqiao Group Ltd                                     | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | CN        |     91610 | NS      | $105885.22    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                               | Halliburton Co                                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      3211 | NS      | $132357.42    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                                    | Neste Oyj                                                    | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |      2835 | NS      | $134950.15    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                                      | Essential Utilities Inc                                      | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      2087 | NS      | $97525.51     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                                 | Enbridge Inc                                                 | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      7240 | NS      | $295601.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaboard Corp                                                | Seaboard Corp                                                | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Long             | EC               | CORP              | US        |        19 | NS      | $74489.50     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesdome Gold Mines Ltd                                       | Wesdome Gold Mines Ltd                                       | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |      1497 | NS      | $6922.09      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                                       | Yara International ASA                                       | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |      4312 | NS      | $190814.61    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                                 | Watts Water Technologies Inc                                 | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       270 | NS      | $44150.40     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                              | Baker Hughes Co                                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3406 | NS      | $108106.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                                      | Eni SpA                                                      | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     13160 | NS      | $202037.16    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OZ Minerals Ltd                                              | OZ Minerals Ltd                                              | CUSIP: 000000000<br>LEI: 529900O2VBT5CL7EZT27 | Long             | EC               | CORP              | AU        |      3285 | NS      | $64628.72     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                           | Anglo American PLC                                           | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     13200 | NS      | $563325.45    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Road Resources Ltd                                      | Gold Road Resources Ltd                                      | CUSIP: 000000000<br>LEI: 213800HJWH96TDEMNY83 | Long             | EC               | CORP              | AU        |      9273 | NS      | $10748.83     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                                      | Marathon Petroleum Corp                                      | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1996 | NS      | $256525.92    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd                                          | Iluka Resources Ltd                                          | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |      4148 | NS      | $31567.29     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                                                 | New Gold Inc                                                 | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |      7187 | NS      | $8456.24      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                                       | Mueller Industries Inc                                       | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |       567 | NS      | $37166.85     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc                                         | Maple Leaf Foods Inc                                         | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |      2094 | NS      | $39687.68     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Oji Holdings Corp                                            | Oji Holdings Corp                                            | CUSIP: 000000000<br>LEI: 529900LVC9GIIYUGE243 | Long             | EC               | CORP              | JP        |     17177 | NS      | $70797.59     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                                         | Southern Copper Corp                                         | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | MX        |      7654 | NS      | $575657.34    | 1.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Steel Dynamics Inc                                           | Steel Dynamics Inc                                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      1895 | NS      | $228612.80    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                                    | Zijin Mining Group Co Ltd                                    | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    259670 | NS      | $427342.17    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                                             | Schlumberger Ltd                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      5049 | NS      | $287692.02    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                                    | Woodside Energy Group Ltd                                    | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     10170 | NS      | $259850.47    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                                 | Pioneer Natural Resources Co                                 | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |       868 | NS      | $199943.80    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                                       | Toyo Suisan Kaisha Ltd                                       | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1703 | NS      | $70322.66     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                                            | General Mills Inc                                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     10111 | NS      | $792297.96    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                                                  | B2Gold Corp                                                  | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |     10452 | NS      | $41280.05     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co                                 | Reliance Steel & Aluminum Co                                 | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       611 | NS      | $138971.95    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                                       | Ramelius Resources Ltd                                       | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |      9116 | NS      | $6423.61      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                              | Alamos Gold Inc                                              | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |      3876 | NS      | $42642.25     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                         | Freeport-McMoRan Inc                                         | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     14404 | NS      | $642706.48    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                                  | Equinor ASA                                                  | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     11461 | NS      | $348021.05    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                                                | Fresnillo PLC                                                | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | MX        |      7272 | NS      | $73536.48     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hochschild Mining PLC                                        | Hochschild Mining PLC                                        | CUSIP: 000000000<br>LEI: 549300JK10TVQ3CCJQ89 | Long             | EC               | CORP              | PE        |      5432 | NS      | $4570.80      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                                                   | Aurubis AG                                                   | CUSIP: 000000000<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |       461 | NS      | $48404.57     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chr Hansen Holding A/S                                       | Chr Hansen Holding A/S                                       | CUSIP: 000000000<br>LEI: 549300MKPW8ZF3E8MW37 | Long             | EC               | CORP              | DK        |      2238 | NS      | $164538.64    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                                 | Xylem Inc/NY                                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      1484 | NS      | $154350.84    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                  | Phillips 66                                                  | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      1716 | NS      | $172063.32    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                    | Occidental Petroleum Corp                                    | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      3348 | NS      | $216916.92    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co Ltd                                            | PetroChina Co Ltd                                            | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |    654094 | NS      | $347968.95    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Newcrest Mining Ltd                                          | Newcrest Mining Ltd                                          | CUSIP: 000000000<br>LEI: 5299006MN50OZJUJI655 | Long             | EC               | CORP              | AU        |      8743 | NS      | $137446.86    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| S Foods Inc                                                  | S Foods Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       500 | NS      | $11403.74     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itoham Yonekyu Holdings Inc                                  | Itoham Yonekyu Holdings Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4615 | NS      | $25302.74     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                                  | Nutrien Ltd                                                  | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      9247 | NS      | $763266.44    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kewpie Corp                                                  | Kewpie Corp                                                  | CUSIP: 000000000<br>LEI: 529900LQQ53U4P4VZN24 | Long             | EC               | CORP              | JP        |      2317 | NS      | $40301.85     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co Inc                                             | Ajinomoto Co Inc                                             | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |      8971 | NS      | $294767.83    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                                          | Interpump Group SpA                                          | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |       861 | NS      | $44678.45     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                           | Conagra Brands Inc                                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      8054 | NS      | $299528.26    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                               | Canadian Natural Resources Ltd                               | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      4156 | NS      | $254371.43    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                                         | Commercial Metals Co                                         | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      1203 | NS      | $65286.81     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                                            | Centerra Gold Inc                                            | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |      3135 | NS      | $20064.38     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                                    | ONEOK Inc                                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      1595 | NS      | $109225.60    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Agricultural Co Ltd                               | Australian Agricultural Co Ltd                               | CUSIP: 000000000<br>LEI: 549300Y00F9KT5JNIE98 | Long             | EC               | CORP              | AU        |      9492 | NS      | $11571.21     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                                 | Newmont Corp                                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      7847 | NS      | $415341.71    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                              | Hecla Mining Co                                              | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |      5330 | NS      | $32886.10     | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Exxon Mobil Corp                                             | Exxon Mobil Corp                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     15127 | NS      | $1754883.27   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                             | ArcelorMittal SA                                             | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |      9285 | NS      | $285980.86    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc                               | Armstrong World Industries Inc                               | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |       823 | NS      | $63708.43     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated British Foods PLC                                 | Associated British Foods PLC                                 | CUSIP: 000000000<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |     13223 | NS      | $302135.82    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                                              | Lundin Gold Inc                                              | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      2462 | NS      | $28414.43     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                                  | South32 Ltd                                                  | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |     45490 | NS      | $145528.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kagome Co Ltd                                                | Kagome Co Ltd                                                | CUSIP: 000000000<br>LEI: 549300QC5KRGKXSZKO90 | Long             | EC               | CORP              | JP        |      1476 | NS      | $35979.24     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                            | EOG Resources Inc                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      2092 | NS      | $276667.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                                              | Norsk Hydro ASA                                              | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     20142 | NS      | $162011.19    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                                             | Severn Trent PLC                                             | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |      2025 | NS      | $70202.39     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd                                             | Imperial Oil Ltd                                             | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      2392 | NS      | $130360.28    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPEC CORP                                                 | China Petroleum & Chemical Corp                              | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |    432693 | NS      | $232946.71    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                                    | Hess Corp                                                    | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      1107 | NS      | $166227.12    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                       | Agnico Eagle Mines Ltd                                       | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      2403 | NS      | $135317.89    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                                    | Archer-Daniels-Midland Co                                    | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      9439 | NS      | $782021.15    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                                                   | Kellogg Co                                                   | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |      5699 | NS      | $390837.42    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Ltd                                                    | Bunge Ltd                                                    | CUSIP: 000000000<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | US        |      2397 | NS      | $237542.70    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrexpo PLC                                                 | Ferrexpo PLC                                                 | CUSIP: 000000000<br>LEI: 213800CEDKSNUTPAQZ41 | Long             | EC               | CORP              | CH        |      6212 | NS      | $12113.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd                                          | Regis Resources Ltd                                          | CUSIP: 000000000<br>LEI: 213800XH9YUXBLYBD749 | Long             | EC               | CORP              | AU        |      7932 | NS      | $11961.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                         | Williams Cos Inc/The                                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      4349 | NS      | $140211.76    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                           | Kraft Heinz Co/The                                           | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     20566 | NS      | $833539.98    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmet Oyj                                                   | Valmet Oyj                                                   | CUSIP: 000000000<br>LEI: 213800D9O7FUQDH83V62 | Long             | EC               | CORP              | FI        |      2667 | NS      | $83331.98     | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Silver Lake Resources Ltd                                    | Silver Lake Resources Ltd                                    | CUSIP: 000000000<br>LEI: 254900Z1BWS584OIKJ61 | Long             | EC               | CORP              | AU        |      9775 | NS      | $8954.37      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                            | Equinox Gold Corp                                            | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |      3194 | NS      | $14577.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax-Sarco Engineering PLC                                 | Spirax-Sarco Engineering PLC                                 | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |       596 | NS      | $84599.89     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                                            | Hormel Foods Corp                                            | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      9151 | NS      | $414631.81    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co                                             | Campbell Soup Co                                             | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      5066 | NS      | $263077.38    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                       | Diamondback Energy Inc                                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       634 | NS      | $92640.08     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                                            | Post Holdings Inc                                            | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      1038 | NS      | $98558.10     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                                     | Pan American Silver Corp                                     | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      2082 | NS      | $37837.52     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd                                           | Sandstorm Gold Ltd                                           | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |      2023 | NS      | $11704.25     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                                         | Pilgrim's Pride Corp                                         | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      4095 | NS      | $99426.60     | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| voestalpine AG                                               | voestalpine AG                                               | CUSIP: 000000000<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |      1805 | NS      | $59593.60     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kikkoman Corp                                                | Kikkoman Corp                                                | CUSIP: 000000000<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |      3194 | NS      | $167995.39    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NH Foods Ltd                                                 | NH Foods Ltd                                                 | CUSIP: 000000000<br>LEI: 353800NLDBIOUQILWU82 | Long             | EC               | CORP              | JP        |      1706 | NS      | $51162.29     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                                     | Torex Gold Resources Inc                                     | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |       906 | NS      | $12418.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineral Resources Ltd                                        | Mineral Resources Ltd                                        | CUSIP: 000000000<br>LEI: 5299007V1ACKFFX2P066 | Long             | EC               | CORP              | AU        |      1846 | NS      | $115692.07    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                                    | Graco Inc                                                    | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      1397 | NS      | $95443.04     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                                                 | IAMGOLD Corp                                                 | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |      5033 | NS      | $14106.81     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                                 | Chevron Corp                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6959 | NS      | $1211005.18   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                                   | Boliden AB                                                   | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |      2782 | NS      | $124222.53    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                                              | OceanaGold Corp                                              | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | AU        |      7429 | NS      | $16034.41     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                                               | Stora Enso Oyj                                               | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     14164 | NS      | $201437.47    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Outotec Oyj                                            | Metso Outotec Oyj                                            | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |      8339 | NS      | $95229.63     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                            | Suncor Energy Inc                                            | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      5117 | NS      | $177092.26    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| B&G Foods Inc                                                | B&G Foods Inc                                                | CUSIP: 05508R106<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | EC               | CORP              | US        |      1083 | NS      | $15183.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| UPM-Kymmene Oyj                                              | UPM-Kymmene Oyj                                              | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |      9528 | NS      | $344066.38    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                                   | Ecolab Inc                                                   | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      2362 | NS      | $365708.46    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                                    | IDEX Corp                                                    | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |       628 | NS      | $150519.04    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                         | Cleveland-Cliffs Inc                                         | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |      5192 | NS      | $110849.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Cenovus Energy Inc                                           | Cenovus Energy Inc                                           | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |      7088 | NS      | $141191.62    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                           | UFP Industries Inc                                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      1084 | NS      | $101408.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp                                   | First Majestic Silver Corp                                   | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |      2745 | NS      | $21620.98     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                                      | Veolia Environnement SA                                      | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |      5865 | NS      | $173127.60    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Agri-Resources Ltd                                    | Golden Agri-Resources Ltd                                    | CUSIP: 000000000<br>LEI: 529900GAK9LTNC3IFY40 | Long             | EC               | CORP              | SG        |    212614 | NS      | $40440.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                          | Cheniere Energy Inc                                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       909 | NS      | $138886.11    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cranswick PLC                                                | Cranswick PLC                                                | CUSIP: 000000000<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |       888 | NS      | $34786.23     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                           | Eldorado Gold Corp                                           | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      1927 | NS      | $18398.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamana Gold Inc                                              | Yamana Gold Inc                                              | CUSIP: 98462Y100<br>LEI: 54930002VY22NXG01418 | Long             | EC               | CORP              | CA        |      9494 | NS      | $57134.05     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC                                   | United Utilities Group PLC                                   | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |      5518 | NS      | $71872.31     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                              | Antofagasta PLC                                              | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | CL        |      9728 | NS      | $207487.07    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                               | TC Energy Corp                                               | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      3507 | NS      | $150677.34    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                                       | Louisiana-Pacific Corp                                       | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      1502 | NS      | $102271.18    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                            | Kinross Gold Corp                                            | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     12796 | NS      | $59360.17     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                            | Kinder Morgan Inc                                            | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      8102 | NS      | $148266.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebro Foods SA                                                | Ebro Foods SA                                                | CUSIP: 000000000<br>LEI: 959800NW6DLQT89M3240 | Long             | EC               | CORP              | ES        |      2625 | NS      | $44986.80     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Centamin PLC                                                 | Centamin PLC                                                 | CUSIP: 000000000<br>LEI: 213800PDI9G7OUKLPV84 | Long             | EC               | CORP              | JE        |     12199 | NS      | $16677.73     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                                       | OMV AG                                                       | CUSIP: 000000000<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |      1171 | NS      | $58310.27     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COFCO Joycome Foods Ltd                                      | COFCO Joycome Foods Ltd                                      | CUSIP: 000000000<br>LEI: 3003003OFHF11IML2X42 | Long             | EC               | CORP              | CN        |     61698 | NS      | $19992.59     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                                | BHP Group Ltd                                                | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     49669 | NS      | $1728268.68   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co Ltd                               | Zhaojin Mining Industry Co Ltd                               | CUSIP: 000000000<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |     32375 | NS      | $37130.75     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Greggs PLC                                                   | Greggs PLC                                                   | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |      1699 | NS      | $56348.87     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                                 | Simpson Manufacturing Co Inc                                 | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |       757 | NS      | $81082.27     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd                                     | Guangdong Investment Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     52800 | NS      | $57322.85     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                                                      | IGO Ltd                                                      | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |      7427 | NS      | $76251.38     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                                               | SSR Mining Inc                                               | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |      2101 | NS      | $35395.87     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                                   | Nucor Corp                                                   | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      2661 | NS      | $449762.22    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB                                                       | AAK AB                                                       | CUSIP: 000000000<br>LEI: 549300GK4LGIDDWJWL07 | Long             | EC               | CORP              | SE        |      4366 | NS      | $75019.90     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hain Celestial Group Inc/The                                 | Hain Celestial Group Inc/The                                 | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |      1444 | NS      | $29630.88     | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Pembina Pipeline Corp                                        | Pembina Pipeline Corp                                        | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |      1967 | NS      | $69593.49     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                             | Coeur Mining Inc                                             | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |      2709 | NS      | $10538.01     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                             | TotalEnergies SE                                             | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      9412 | NS      | $582442.69    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp                                 | Wheaton Precious Metals Corp                                 | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      4460 | NS      | $203354.74    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Institutional Preferred Government Money Market Fund | Dreyfus Institutional Preferred Government Money Market Fund | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     65863 | NS      | $65863.35     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                                         | Endeavour Mining PLC                                         | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |      2452 | NS      | $57626.29     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd                                     | Wilmar International Ltd                                     | CUSIP: 000000000<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    105453 | NS      | $326544.46    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                                | Ingredion Inc                                                | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      1120 | NS      | $115136.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                                             | Boise Cascade Co                                             | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |       687 | NS      | $51504.39     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Canfor Corp                                                  | Canfor Corp                                                  | CUSIP: 137576104<br>LEI: 549300DRE7WBHY02BD70 | Long             | EC               | CORP              | CA        |      2172 | NS      | $41035.80     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI NV                                                       | OCI NV                                                       | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | EC               | CORP              | NL        |      3549 | NS      | $120410.92    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                                         | Evolution Mining Ltd                                         | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |     17988 | NS      | $40560.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-17

**Name of Applicant:** IndexIQ ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ