# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001752724-23-042741
**Filing Date:** 2023-2
**Character Count:** 166010
**Document Hash:** c2c4207274b1ff910fa2bbe2ac1dcd73
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-042741.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-042741

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck ETF Trust
- **CENTRAL INDEX KEY:** 0001137360
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10325
- **FILM NUMBER:** 23673512

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-293-2000

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VanEck Vectors ETF Trust
- **DATE OF NAME CHANGE:** 20160427

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS ETF TRUST
- **DATE OF NAME CHANGE:** 20070312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS TRUST
- **DATE OF NAME CHANGE:** 20050516

## Series and Classes Contracts Data

### VanEck Natural Resources ETF (Series ID: S000022364)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000064328 | VanEck Natural Resources ETF | HAP             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-10325

- **c. CIK number of Registrant:** 0001137360

- **d. LEI of Registrant:** 549300ZLFKNTXC51ZN76

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

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

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

- **a. Name of Series:** VanEck Natural Resources ETF

- **b. EDGAR series identifier (if any):** S000022364

- **c. LEI of Series:** 5493001Y68MF5TFNKP40

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $146985377.04

**Total Liabilities:** $4304203.57

**Net Assets:** $142681173.47

**Cash Not Reported:** $321328.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064328 | 11.56%               | 8.82%                | -3.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20021.12                | $13468098.86                               |
| Month 2  | $29641.56                | $11079657.03                               |
| Month 3  | $-1538434.49             | $-3757434.22                               |

### Schedule of Portfolio Investments

| Name                                                 | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| B2Gold Corp                                          | B2Gold Corp                                                                 | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |     32503 | NS      | $115383.91    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| China Steel Corp                                     | China Steel Corp                                                            | CUSIP: 000000000<br>LEI: 529900D3N7UIJMVJ9120 | Long             | EC               | CORP              | TW        |    340472 | NS      | $329912.92    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| FMC Corp                                             | FMC Corp                                                                    | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      8880 | NS      | $1108224.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                            | Zijin Mining Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    173661 | NS      | $233413.92    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sao Martinho SA                                      | Sao Martinho SA                                                             | CUSIP: 000000000<br>LEI: 549300R3Z74BNJBF4161 | Long             | EC               | CORP              | BR        |     11100 | NS      | $55768.63     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp                                             | EQT Corp                                                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      5646 | NS      | $191004.18    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                                        | Severstal PAO                                                               | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |      4118 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OMV AG                                               | OMV AG                                                                      | CUSIP: 000000000<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |      2284 | NS      | $117139.89    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Washington H Soul Pattinson & Co Ltd                 | Washington H Soul Pattinson & Co Ltd                                        | CUSIP: 000000000<br>LEI: 549300G2Q3P6ZVNC1465 | Long             | EC               | CORP              | AU        |      3729 | NS      | $69683.49     | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Empresas COPEC SA                                    | Empresas Copec SA                                                           | CUSIP: 000000000<br>LEI: 549300Q3IDJYG6Z7PA50 | Long             | EC               | CORP              | CL        |      6013 | NS      | $44669.61     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnia Holdings Ltd                                   | Omnia Holdings Ltd                                                          | CUSIP: 000000000<br>LEI: 529900T6L5CEOP1PNP91 | Long             | EC               | CORP              | ZA        |     11850 | NS      | $43569.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy Inc                                       | PDC Energy Inc                                                              | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |      1475 | NS      | $93633.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamana Gold Inc                                      | Yamana Gold Inc                                                             | CUSIP: 98462Y100<br>LEI: 54930002VY22NXG01418 | Long             | EC               | CORP              | CA        |     29311 | NS      | $162676.05    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Innovation Co Ltd                                 | SK Innovation Co Ltd                                                        | CUSIP: 000000000<br>LEI: 988400PXP70BWVSJVF07 | Long             | EC               | CORP              | KR        |       860 | NS      | $105063.41    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LSB Industries Inc                                   | LSB Industries Inc                                                          | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |      3935 | NS      | $52335.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Coal Energy Co Ltd                             | China Coal Energy Co Ltd                                                    | CUSIP: 000000000<br>LEI: 529900KRC89344UI3Z10 | Long             | EC               | CORP              | CN        |     32200 | NS      | $26146.31     | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Kumiai Chemical Industry Co Ltd                      | Kumiai Chemical Industry Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4900 | NS      | $33395.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                               | Grupo Mexico SAB de CV                                                      | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |     91264 | NS      | $320382.31    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ampol Ltd                                            | Ampol Ltd                                                                   | CUSIP: 000000000<br>LEI: 5493009TD1CGVRZ27U11 | Long             | EC               | CORP              | AU        |      3861 | NS      | $73923.51     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kemira Oyj                                           | Kemira Oyj                                                                  | CUSIP: 000000000<br>LEI: 74370031Y7RK5H88CQ48 | Long             | EC               | CORP              | FI        |      3029 | NS      | $46340.19     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sakata Seed Corp                                     | Sakata Seed Corp                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $65941.56     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| American Water Works Co Inc                          | American Water Works Co Inc                                                 | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      1933 | NS      | $294627.86    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Elders Ltd                                           | Elders Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900Y0SQG962QL6549 | Long             | EC               | CORP              | AU        |     10606 | NS      | $72513.35     | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Toro Co/The                                          | Toro Co/The                                                                 | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      7351 | NS      | $832133.20    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| First Resources Ltd                                  | First Resources Ltd                                                         | CUSIP: 000000000<br>LEI: 5493007RRD817HUP4O49 | Long             | EC               | CORP              | SG        |     25400 | NS      | $28092.64     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                            | Suzano SA                                                                   | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     23700 | NS      | $218824.21    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tatneft PJSC                                         | Tatneft PJSC                                                                | CUSIP: 876629205<br>LEI: 253400PAT768SVJMV121 | Long             | EC               | CORP              | RU        |      2680 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Encavis AG                                           | Encavis AG                                                                  | CUSIP: 000000000<br>LEI: 391200ECRGNL09Y2KJ67 | Long             | EC               | CORP              | DE        |      1239 | NS      | $24426.84     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hess Corp                                            | Hess Corp                                                                   | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      4510 | NS      | $639608.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Abou Kir Fertilizers & Chemical Industries           | Abou Kir Fertilizers & Chemical Industries                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |     20394 | NS      | $32015.94     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                             | Snam SpA                                                                    | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |     33161 | NS      | $160311.59    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                               | BP PLC                                                                      | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    287177 | NS      | $1648702.82   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ACEA SpA                                             | ACEA SpA                                                                    | CUSIP: 000000000<br>LEI: 549300Q3448N041CTH56 | Long             | EC               | CORP              | IT        |       409 | NS      | $5635.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stora Enso Oyj                                       | Stora Enso Oyj                                                              | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     17021 | NS      | $239270.11    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT PCL                                              | PTT PCL                                                                     | CUSIP: 000000000<br>LEI: 549300QOGMPTKB6W7G56 | Long             | EC               | CORP              | TH        |    222400 | NS      | $213411.98    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems Inc                        | Advanced Drainage Systems Inc                                               | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |       786 | NS      | $64428.42     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                                            | Enagas SA                                                                   | CUSIP: 000000000<br>LEI: 213800OU3FQKGM4M2U23 | Long             | EC               | CORP              | ES        |      3682 | NS      | $61043.11     | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Industrias Penoles SAB de CV                         | Industrias Penoles SAB de CV                                                | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |      5732 | NS      | $70493.84     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA                             | Svenska Cellulosa AB SCA                                                    | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |     18047 | NS      | $228895.89    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                      | Gruma SAB de CV                                                             | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     12810 | NS      | $171398.19    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel Infrastructure Trust                          | Keppel Infrastructure Trust                                                 | CUSIP: 000000000<br>LEI: 254900BF7L1ZCMAZS467 | Long             | EC               | CORP              | SG        |     43500 | NS      | $17522.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pentair PLC                                          | Pentair PLC                                                                 | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |      1747 | NS      | $78580.06     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Novolipetsk Steel PJSC                               | Novolipetsk Steel PJSC                                                      | CUSIP: 000000000<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |     26910 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                   | Valero Energy Corp                                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      6226 | NS      | $789830.36    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                       | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2006 | NS      | $226116.32    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                                              | IGO Ltd                                                                     | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |     19679 | NS      | $179296.87    | 0.13%             |  |  |  | No            |                  2 | On Loan: —       |
| Marathon Petroleum Corp                              | Marathon Petroleum Corp                                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      7583 | NS      | $882585.37    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bafokeng Platinum Ltd                          | Royal Bafokeng Platinum Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      1966 | NS      | $19161.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                   | NextEra Energy Inc                                                          | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21080 | NS      | $1762288.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corp                             | United States Steel Corp                                                    | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |      6832 | NS      | $171141.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp                                    | Marathon Oil Corp                                                           | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |     10265 | NS      | $277873.55    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GrainCorp Ltd                                        | GrainCorp Ltd                                                               | CUSIP: 000000000<br>LEI: 529900XVBL825SSW9081 | Long             | EC               | CORP              | AU        |     15624 | NS      | $78456.50     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                                             | Mowi ASA                                                                    | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     28525 | NS      | $483399.97    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger Ltd                                     | Schlumberger Ltd                                                            | CUSIP: 000000000<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     22950 | NS      | $1226907.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Costa Group Holdings Ltd                             | Costa Group Holdings Ltd                                                    | CUSIP: 000000000<br>LEI: 529900NK4RFY5GMBBL27 | Long             | EC               | CORP              | AU        |     27342 | NS      | $50885.03     | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Indah Kiat Pulp & Paper Tbk PT                       | Indah Kiat Pulp & Paper Tbk PT                                              | CUSIP: 000000000<br>LEI: 529900F19DXXA9HNCB51 | Long             | EC               | CORP              | ID        |     77100 | NS      | $43200.29     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tractor Supply Co                                    | Tractor Supply Co                                                           | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      7797 | NS      | $1754091.09   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc                                 | Maple Leaf Foods Inc                                                        | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |      5260 | NS      | $94916.42     | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Copper Corp                                 | Southern Copper Corp                                                        | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      2520 | NS      | $152182.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Klabin SA                                            | Klabin SA                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33800 | NS      | $127685.65    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AngloGold Ashanti Ltd                                | AngloGold Ashanti Ltd                                                       | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |     12829 | NS      | $249139.18    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC Resources Ltd                                    | ARC Resources Ltd                                                           | CUSIP: 00208D408<br>LEI: FIR47I6FEYKYNJBYW622 | Long             | EC               | CORP              | CA        |     10225 | NS      | $137721.87    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Zhaojin Mining Industry Co Ltd                       | Zhaojin Mining Industry Co Ltd                                              | CUSIP: 000000000<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |     38900 | NS      | $43003.25     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Neoenergia SA                                        | Neoenergia SA                                                               | CUSIP: 000000000<br>LEI: 959800B3RXPMGEZ1W429 | Long             | EC               | CORP              | BR        |      6300 | NS      | $18498.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tourmaline Oil Corp                                  | Tourmaline Oil Corp                                                         | CUSIP: 89156V106<br>LEI: 549300LCHLN94A7Y1572 | Long             | EC               | CORP              | CA        |      5208 | NS      | $262600.51    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Formosa Petrochemical Corp                           | Formosa Petrochemical Corp                                                  | CUSIP: 000000000<br>LEI: 529900UWWAOQ8470E792 | Long             | EC               | CORP              | TW        |     18920 | NS      | $49387.36     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandstorm Gold Ltd                                   | Sandstorm Gold Ltd                                                          | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |      7569 | NS      | $39773.63     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                         | Sumitomo Metal Mining Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |      6600 | NS      | $230677.23    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Green Plains Inc                                     | Green Plains Inc                                                            | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |       609 | NS      | $18574.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                    | EOG Resources Inc                                                           | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      9491 | NS      | $1229274.32   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayr Melnhof Karton AG                               | Mayr Melnhof Karton AG                                                      | CUSIP: 000000000<br>LEI: 5299001AMHDLKUM80611 | Long             | EC               | CORP              | AT        |       259 | NS      | $41716.69     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie Brasil Energia SA                              | Engie Brasil Energia SA                                                     | CUSIP: 000000000<br>LEI: 52990057Q0EK2Q9YBC07 | Long             | EC               | CORP              | BR        |      1900 | NS      | $13643.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Suedzucker AG                                        | Suedzucker AG                                                               | CUSIP: 000000000<br>LEI: 529900S8QNB101D40S72 | Long             | EC               | CORP              | DE        |      4262 | NS      | $74161.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                            | Shell PLC                                                                   | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    112444 | NS      | $3154025.90   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Seaboard Corp                                        | Seaboard Corp                                                               | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Long             | EC               | CORP              | US        |        18 | NS      | $67953.78     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                         | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   3406665 | NS      | $3406665.05   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CSN Mineracao SA                                     | CSN Mineracao SA                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     12550 | NS      | $9572.71      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                          | Nutrien Ltd                                                                 | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     38182 | NS      | $2788431.46   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                 | Williams Cos Inc/The                                                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     19710 | NS      | $648459.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                                           | ANDRITZ AG                                                                  | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |      2147 | NS      | $122531.38    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd                                 | Evolution Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |     55315 | NS      | $112643.98    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Dagangan Bhd                                | Petronas Dagangan Bhd                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      3700 | NS      | $19318.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                            | West Fraser Timber Co Ltd                                                   | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |      1627 | NS      | $117400.49    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                                     | Severn Trent PLC                                                            | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |      2501 | NS      | $79502.41     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Worldwide Corp Ltd                          | Reliance Worldwide Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 52990084PQSDDJ8F5447 | Long             | EC               | CORP              | AU        |      7197 | NS      | $14332.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd                                | Jiangxi Copper Co Ltd                                                       | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |     31700 | NS      | $46543.59     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra Agro Lestari Tbk PT                            | Astra Agro Lestari Tbk PT                                                   | CUSIP: 000000000<br>LEI: 529900XU6T7VIQ56SN17 | Long             | EC               | CORP              | ID        |     27700 | NS      | $14276.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                         | Iberdrola SA                                                                | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    102906 | NS      | $1197680.94   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                          | MOL Hungarian Oil & Gas PLC                                                 | CUSIP: 000000000<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |      5972 | NS      | $41374.24     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd                          | Northern Star Resources Ltd                                                 | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     34681 | NS      | $258499.67    | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| Iskenderun Demir ve Celik AS                         | Iskenderun Demir ve Celik AS                                                | CUSIP: 000000000<br>LEI: 789000W8HVAZCXF6O806 | Long             | EC               | CORP              | TR        |      4382 | NS      | $7768.63      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Electric Co Inc                             | Franklin Electric Co Inc                                                    | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |       412 | NS      | $32857.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Benson Hill Inc                                      | Benson Hill Inc                                                             | CUSIP: 082490103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11153 | NS      | $28440.15     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheniere Energy Inc                                  | Cheniere Energy Inc                                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3972 | NS      | $595641.12    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                        | Mosaic Co/The                                                               | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     24055 | NS      | $1055292.85   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                           | Tenaris SA                                                                  | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |     17427 | NS      | $612733.32    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                               | Sibanye Stillwater Ltd                                                      | CUSIP: 000000000<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     84188 | NS      | $222890.18    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ICL Group Ltd                                        | ICL Group Ltd                                                               | CUSIP: 000000000<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |     50739 | NS      | $365220.27    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Adecoagro SA                                         | Adecoagro SA                                                                | CUSIP: 000000000<br>LEI: 529900Q00UR5LFELO811 | Long             | EC               | CORP              | LU        |      8278 | NS      | $68624.62     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Atmos Energy Corp                                    | Atmos Energy Corp                                                           | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      2265 | NS      | $253838.55    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                               | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     13943 | NS      | $724896.57    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                            | AGCO Corp                                                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      4377 | NS      | $607046.13    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Inc                                               | SK Inc                                                                      | CUSIP: 000000000<br>LEI: 988400GMME8AOAFMDK34 | Long             | EC               | CORP              | KR        |       590 | NS      | $88506.84     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Fertilizer Co Ltd                             | Taiwan Fertilizer Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     50200 | NS      | $87305.98     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nucor Corp                                           | Nucor Corp                                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      7523 | NS      | $991606.63    | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Farmland Partners Inc                                | Farmland Partners Inc                                                       | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               |  | US        |      3562 | NS      | $44382.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                         | Graphic Packaging Holding Co                                                | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9152 | NS      | $203632.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Evraz PLC                                            | Evraz PLC                                                                   | CUSIP: 000000000<br>LEI: 5493005B7DAN39RXLK23 | Long             | EC               | CORP              | GB        |     10824 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Corteva Inc                                          | Corteva Inc                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     50541 | NS      | $2970799.98   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Yankuang Energy Group Co Ltd                         | Yankuang Energy Group Co Ltd                                                | CUSIP: 000000000<br>LEI: 3003005N7A6HYZ4Z0K39 | Long             | EC               | CORP              | CN        |     22900 | NS      | $69658.12     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Navigator Co SA/The                                  | Navigator Co SA/The                                                         | CUSIP: 000000000<br>LEI: 549300UNIB7M2AXUXS35 | Long             | EC               | CORP              | PT        |      6437 | NS      | $23728.80     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                                   | Coterra Energy Inc                                                          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     12504 | NS      | $307223.28    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo      | Cia de Saneamento Basico do Estado de Sao Paulo                             | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      7286 | NS      | $77668.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                            | Scotts Miracle-Gro Co/The                                                   | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      2881 | NS      | $139987.79    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Surgutneftegas PJSC                                  | Surgutneftegas PJSC                                                         | CUSIP: 000000000<br>LEI: 2138002GZLU65FRAC894 | Long             | EC               | CORP              | RU        |    371430 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| QL Resources Bhd                                     | QL Resources Bhd                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     68300 | NS      | $85433.14     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltalia SA                                          | Voltalia SA                                                                 | CUSIP: 000000000<br>LEI: 969500KE938Z79ZH1N44 | Long             | EC               | CORP              | FR        |       688 | NS      | $12512.42     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Energix-Renewable Energies Ltd                       | Energix-Renewable Energies Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      2717 | NS      | $8530.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                                          | Phillips 66                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      7646 | NS      | $795795.68    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                                    | CNH Industrial NV                                                           | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     67794 | NS      | $1088771.64   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Evoqua Water Technologies Corp                       | Evoqua Water Technologies Corp                                              | CUSIP: 30057T105<br>LEI: 529900YQAOMEZRGRRP43 | Long             | EC               | CORP              | US        |      1279 | NS      | $50648.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                                   | Cenovus Energy Inc                                                          | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     22369 | NS      | $433693.96    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                         | Hong Kong & China Gas Co Ltd                                                | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |    175605 | NS      | $166555.78    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp                                          | Kubota Corp                                                                 | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |     66000 | NS      | $896836.97    | 0.63%             |  |  |  | No            |                  2 | On Loan: —       |
| Enlight Renewable Energy Ltd                         | Enlight Renewable Energy Ltd                                                | CUSIP: 000000000<br>LEI: 984500HF6A99N758F734 | Long             | EC               | CORP              | IL        |     10368 | NS      | $21004.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Clearway Energy Inc                                  | Clearway Energy Inc                                                         | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |       862 | NS      | $27471.94     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oji Holdings Corp                                    | Oji Holdings Corp                                                           | CUSIP: 000000000<br>LEI: 529900LVC9GIIYUGE243 | Long             | EC               | CORP              | JP        |     23176 | NS      | $93107.39     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Co/The                                      | Southern Co/The                                                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     17615 | NS      | $1257887.15   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                 | Range Resources Corp                                                        | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      3813 | NS      | $95401.26     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SCG Packaging PCL                                    | SCG Packaging PCL                                                           | CUSIP: 000000000<br>LEI: 254900GZ121E5NIATI41 | Long             | EC               | CORP              | TH        |     34000 | NS      | $55916.07     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Civitas Resources Inc                                | Civitas Resources Inc                                                       | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |      1179 | NS      | $68299.47     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Neoen SA                                             | Neoen SA                                                                    | CUSIP: 000000000<br>LEI: 969500C0AIAGQWZGJO13 | Long             | EC               | CORP              | FR        |       543 | NS      | $21892.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co                            | Archer-Daniels-Midland Co                                                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     38679 | NS      | $3591345.15   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OZ Minerals Ltd                                      | OZ Minerals Ltd                                                             | CUSIP: 000000000<br>LEI: 529900O2VBT5CL7EZT27 | Long             | EC               | CORP              | AU        |      9064 | NS      | $170171.29    | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Terna Energy SA                                      | Terna Energy SA                                                             | CUSIP: 000000000<br>LEI: 5493006164JBW2E60O73 | Long             | EC               | CORP              | GR        |       562 | NS      | $12236.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Boralex Inc                                          | Boralex Inc                                                                 | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |      1076 | NS      | $31780.89     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Tokyo Gas Co Ltd                                     | Tokyo Gas Co Ltd                                                            | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |      6000 | NS      | $116851.09    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Co                                      | Baker Hughes Co                                                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16157 | NS      | $477116.21    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                    | Kinross Gold Corp                                                           | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     38111 | NS      | $155873.99    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Gold Mining Co Ltd                          | Shandong Gold Mining Co Ltd                                                 | CUSIP: 000000000<br>LEI: 300300KC2K8BC07OSV77 | Long             | EC               | CORP              | CN        |     21150 | NS      | $39085.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd                                            | Sasol Ltd                                                                   | CUSIP: 000000000<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |      9416 | NS      | $150056.70    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SSR Mining Inc                                       | SSR Mining Inc                                                              | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |      6293 | NS      | $98611.31     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                     | TotalEnergies SE                                                            | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     38991 | NS      | $2440270.59   | 1.71%             |  |  |  | No            |                  2 | On Loan: —       |
| Lindsay Corp                                         | Lindsay Corp                                                                | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |       772 | NS      | $125720.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aneka Tambang Tbk                                    | Aneka Tambang Tbk                                                           | CUSIP: 000000000<br>LEI: 529900LRE2NALSSHMB80 | Long             | EC               | CORP              | ID        |    248100 | NS      | $31572.56     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rayonier Inc                                         | Rayonier Inc                                                                | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |      4373 | NS      | $144134.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI NV                                               | OCI NV                                                                      | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | EC               | CORP              | NL        |      6360 | NS      | $226705.88    | 0.16%             |  |  |  | No            |                  2 | On Loan: —       |
| China Longyuan Power Group Corp Ltd                  | China Longyuan Power Group Corp Ltd                                         | CUSIP: 000000000<br>LEI: 5299008UYLF3O6V9T464 | Long             | EC               | CORP              | CN        |     36029 | NS      | $43799.25     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                              | Darling Ingredients Inc                                                     | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     11235 | NS      | $703198.65    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                                            | Gerdau SA                                                                   | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |     32519 | NS      | $180155.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Centamin PLC                                         | Centamin PLC                                                                | CUSIP: 000000000<br>LEI: 213800PDI9G7OUKLPV84 | Long             | EC               | CORP              | JE        |     35066 | NS      | $47678.76     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NOV Inc                                              | NOV Inc                                                                     | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |      6328 | NS      | $132191.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                                       | Bakkafrost P/F                                                              | CUSIP: 000000000<br>LEI: 2138007LH7OP4V112978 | Long             | EC               | CORP              | FO        |      3514 | NS      | $218162.28    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                              | ENN Energy Holdings Ltd                                                     | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |     12300 | NS      | $171818.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                                 | Endeavour Mining PLC                                                        | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |      5588 | NS      | $119517.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc                                  | Mission Produce Inc                                                         | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |      2982 | NS      | $34650.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MMC Norilsk Nickel PJSC                              | MMC Norilsk Nickel PJSC                                                     | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |        17 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| A O Smith Corp                                       | A O Smith Corp                                                              | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      1329 | NS      | $76071.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                 | Targa Resources Corp                                                        | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      3595 | NS      | $264232.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NEL ASA                                              | NEL ASA                                                                     | CUSIP: 000000000<br>LEI: 549300G6XN5IXMRKEG37 | Long             | EC               | CORP              | NO        |     16589 | NS      | $23365.09     | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Tyson Foods Inc                                      | Tyson Foods Inc                                                             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     19969 | NS      | $1243070.25   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                        | Ingredion Inc                                                               | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      4476 | NS      | $438334.68    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                            | Neste Oyj                                                                   | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |      6838 | NS      | $314405.06    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                        | PhosAgro PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |      4623 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| APA Group                                            | APA Group                                                                   | CUSIP: 000000000<br>LEI: 549300T9RBSX164T8H40 | Long             | EC               | CORP              | AU        |     18984 | NS      | $138211.44    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| African Rainbow Minerals Ltd                         | African Rainbow Minerals Ltd                                                | CUSIP: 000000000<br>LEI: 529900L3TPSCK8ZVZ589 | Long             | EC               | CORP              | ZA        |      3127 | NS      | $52764.60     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Packaging Corp of America                            | Packaging Corp of America                                                   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      2730 | NS      | $349194.30    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Novagold Resources Inc                               | Novagold Resources Inc                                                      | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | CA        |      6981 | NS      | $41746.38     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Utilities Ltd                               | Canadian Utilities Ltd                                                      | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |      1937 | NS      | $52393.85     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Occidental Petroleum Corp                            | Occidental Petroleum Corp                                                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     14699 | NS      | $925890.01    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp                                | Pembina Pipeline Corp                                                       | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |      8936 | NS      | $303109.75    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Lundin Mining Corp                                   | Lundin Mining Corp                                                          | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     19397 | NS      | $118963.11    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Northland Power Inc                                  | Northland Power Inc                                                         | CUSIP: 666511100<br>LEI: 549300IT8CIDW8V5KX72 | Long             | EC               | CORP              | CA        |      2600 | NS      | $71248.39     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Energy Ltd                                    | Origin Energy Ltd                                                           | CUSIP: 000000000<br>LEI: ZSN2LWNPYW6ISMRUC664 | Long             | EC               | CORP              | AU        |     27758 | NS      | $144707.09    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Watts Water Technologies Inc                         | Watts Water Technologies Inc                                                | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       286 | NS      | $41821.78     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DS Smith PLC                                         | DS Smith PLC                                                                | CUSIP: 000000000<br>LEI: 39RSBE4RCI4M15BLWH36 | Long             | EC               | CORP              | GB        |     39946 | NS      | $153316.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                                      | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     27320 | NS      | $282762.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Newmont Corp                                         | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     24300 | NS      | $1146960.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc                                   | POSCO Holdings Inc                                                          | CUSIP: 000000000<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |      2123 | NS      | $464622.31    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| American States Water Co                             | American States Water Co                                                    | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |       391 | NS      | $36187.05     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northam Platinum Holdings Ltd                        | Northam Platinum Holdings Ltd                                               | CUSIP: 000000000<br>LEI: 3789009D0712C7101695 | Long             | EC               | CORP              | ZA        |      9117 | NS      | $100295.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                         | Chevron Corp                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31345 | NS      | $5626114.05   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Assets Holdings Ltd                            | Power Assets Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |     21900 | NS      | $119701.42    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd                            | Woodside Energy Group Ltd                                                   | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     30737 | NS      | $741442.58    | 0.52%             |  |  |  | No            |                  2 | On Loan: —       |
| American Vanguard Corp                               | American Vanguard Corp                                                      | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |      1957 | NS      | $42486.47     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                    | Suncor Energy Inc                                                           | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     22119 | NS      | $701835.87    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp                                    | Barrick Gold Corp                                                           | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     53637 | NS      | $921483.66    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AltaGas Ltd                                          | AltaGas Ltd                                                                 | CUSIP: 021361100<br>LEI: 549300D7A8QA85Z2MH11 | Long             | EC               | CORP              | CA        |      4529 | NS      | $78149.02     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Vale Indonesia Tbk PT                                | Vale Indonesia Tbk PT                                                       | CUSIP: 000000000<br>LEI: 5299002HHYBH7C6WBQ62 | Long             | EC               | CORP              | ID        |     60500 | NS      | $27520.83     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordex SE                                            | Nordex SE                                                                   | CUSIP: 000000000<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |      1557 | NS      | $21847.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Agricola SA                                      | SLC Agricola SA                                                             | CUSIP: 000000000<br>LEI: 54930017BQDYJPIJXG79 | Long             | EC               | CORP              | BR        |      6865 | NS      | $60886.14     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rosneft Oil Co PJSC                                  | Rosneft Oil Co PJSC                                                         | CUSIP: 000000000<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |     13000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Santos Ltd                                           | Santos Ltd                                                                  | CUSIP: 000000000<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |     50940 | NS      | $249539.29    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Zinc Co Ltd                                    | Korea Zinc Co Ltd                                                           | CUSIP: 000000000<br>LEI: 988400D0HSQUB1I1VO41 | Long             | EC               | CORP              | KR        |       271 | NS      | $121448.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilgrim's Pride Corp                                 | Pilgrim's Pride Corp                                                        | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      2818 | NS      | $66871.14     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp                      | China Petroleum & Chemical Corp                                             | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |    402827 | NS      | $194099.29    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Solar Inc                                   | Canadian Solar Inc                                                          | CUSIP: 136635109<br>LEI: 5493001XSC6TKMBVOM15 | Long             | EC               | CORP              | CA        |       538 | NS      | $16624.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| PTT Exploration & Production PCL                     | PTT Exploration & Production PCL                                            | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |     21700 | NS      | $110509.80    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Nine Dragons Paper Holdings Ltd                      | Nine Dragons Paper Holdings Ltd                                             | CUSIP: 000000000<br>LEI: 529900TBMYEYJ2LEV906 | Long             | EC               | CORP              | BM        |     45957 | NS      | $41783.90     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SNDL Inc                                             | SNDL Inc                                                                    | CUSIP: 83307B101<br>LEI: 549300O3OT13PHMLHI97 | Long             | EC               | CORP              | CA        |     16794 | NS      | $35099.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Rural Funds Group                                    | Rural Funds Group                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     25416 | NS      | $41553.07     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Eramet SA                                            | Eramet SA                                                                   | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | EC               | CORP              | FR        |       239 | NS      | $21441.97     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TransAlta Renewables Inc                             | TransAlta Renewables Inc                                                    | CUSIP: 893463109<br>LEI: 529900U45A1JKZFABZ35 | Long             | EC               | CORP              | CA        |      1135 | NS      | $9423.78      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                     | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     66669 | NS      | $7353590.70   | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Minas Buenaventura SAA                        | Cia de Minas Buenaventura SAA                                               | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |      8425 | NS      | $62766.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Charoen Pokphand Indonesia Tbk PT                    | Charoen Pokphand Indonesia Tbk PT                                           | CUSIP: 000000000<br>LEI: 529900JL5SA37OU87X40 | Long             | EC               | CORP              | ID        |    516800 | NS      | $187593.63    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd                                | Lynas Rare Earths Ltd                                                       | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |     26543 | NS      | $139366.93    | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| Emera Inc                                            | Emera Inc                                                                   | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |      4346 | NS      | $165988.04    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Plug Power Inc                                       | Plug Power Inc                                                              | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |      5513 | NS      | $68195.81     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| NH Foods Ltd                                         | NH Foods Ltd                                                                | CUSIP: 000000000<br>LEI: 353800NLDBIOUQILWU82 | Long             | EC               | CORP              | JP        |      5500 | NS      | $152733.86    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Steel Dynamics Inc                                   | Steel Dynamics Inc                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      4873 | NS      | $476092.10    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva SA/Brazil                                    | Minerva SA/Brazil                                                           | CUSIP: 000000000<br>LEI: 391200UHL6YHY0OA1P30 | Long             | EC               | CORP              | BR        |     18650 | NS      | $45770.69     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissui Corp                                          | Nissui Corp                                                                 | CUSIP: 000000000<br>LEI: 529900MPH5BMANQ3EC50 | Long             | EC               | CORP              | JP        |     19214 | NS      | $79598.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nisshin Seifun Group Inc                             | Nisshin Seifun Group Inc                                                    | CUSIP: 000000000<br>LEI: 529900N4QFZS1P6PYX29 | Long             | EC               | CORP              | JP        |     12750 | NS      | $159385.67    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JFE Holdings Inc                                     | JFE Holdings Inc                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13664 | NS      | $157702.99    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| B Grimm Power PCL                                    | B Grimm Power PCL                                                           | CUSIP: 000000000<br>LEI: 9845006CC45C6B3BD577 | Long             | EC               | CORP              | TH        |     10100 | NS      | $11603.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosan SA                                             | Cosan SA                                                                    | CUSIP: 000000000<br>LEI: 549300PGFCX2JMKKLC96 | Long             | EC               | CORP              | BR        |     19400 | NS      | $62869.96     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                                       | TC Energy Corp                                                              | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     15927 | NS      | $634850.22    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                              | ATI Inc                                                                     | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      3776 | NS      | $112751.36    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gubre Fabrikalari TAS                                | Gubre Fabrikalari TAS                                                       | CUSIP: 000000000<br>LEI: 789000SGBEVHE90LX945 | Long             | EC               | CORP              | TR        |      3665 | NS      | $51746.01     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT                               | United Tractors Tbk PT                                                      | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |     24500 | NS      | $41068.71     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                            | Repsol SA                                                                   | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     21197 | NS      | $336384.36    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                              | Vestas Wind Systems A/S                                                     | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     10439 | NS      | $303592.43    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                        | PhosAgro PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kurita Water Industries Ltd                          | Kurita Water Industries Ltd                                                 | CUSIP: 000000000<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |      1065 | NS      | $43754.47     | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Hektas Ticaret TAS                                   | Hektas Ticaret TAS                                                          | CUSIP: 000000000<br>LEI: 789000G8MR3GA25EEC51 | Long             | EC               | CORP              | TR        |    174435 | NS      | $350114.22    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| IOI Corp Bhd                                         | IOI Corp Bhd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    159194 | NS      | $146502.82    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                              | MMC Norilsk Nickel PJSC                                                     | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      1284 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ros Agro PLC                                         | Ros Agro PLC                                                                | CUSIP: 749655205<br>LEI: 21380042L8XBX2MYNI64 | Long             | EC               | CORP              | CY        |      4076 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Resources Gas Group Ltd                        | China Resources Gas Group Ltd                                               | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |     14400 | NS      | $53723.38     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Newcrest Mining Ltd                                  | Newcrest Mining Ltd                                                         | CUSIP: 000000000<br>LEI: 5299006MN50OZJUJI655 | Long             | EC               | CORP              | AU        |     27280 | NS      | $381011.52    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Steel Co                                     | Hyundai Steel Co                                                            | CUSIP: 000000000<br>LEI: 9884006EYA94IB2C3132 | Long             | EC               | CORP              | KR        |      2452 | NS      | $59764.65     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlantica Sustainable Infrastructure PLC             | Atlantica Sustainable Infrastructure PLC                                    | CUSIP: 000000000<br>LEI: 549300ITBBGKJ651R879 | Long             | EC               | CORP              | GB        |       694 | NS      | $17974.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                           | Harmony Gold Mining Co Ltd                                                  | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     18939 | NS      | $64392.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KGHM Polska Miedz SA                                 | KGHM Polska Miedz SA                                                        | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |      4027 | NS      | $117004.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel Ltd                                  | BlueScope Steel Ltd                                                         | CUSIP: 000000000<br>LEI: 529900H6UQI16XACWC95 | Long             | EC               | CORP              | AU        |     13621 | NS      | $154625.97    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Xylem Inc/NY                                         | Xylem Inc/NY                                                                | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      1914 | NS      | $211630.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Salmar ASA                                           | Salmar ASA                                                                  | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGDBK67 | Long             | EC               | CORP              | NO        |      5917 | NS      | $230766.66    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta PLC                                      | Antofagasta PLC                                                             | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     10126 | NS      | $188082.22    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                              | SSE PLC                                                                     | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     17053 | NS      | $348972.89    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SolarEdge Technologies Inc                           | SolarEdge Technologies Inc                                                  | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |       586 | NS      | $165996.22    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                          | Cameco Corp                                                                 | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     12738 | NS      | $288770.46    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                           | Inpex Corp                                                                  | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     14900 | NS      | $159251.19    | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| Veolia Environnement SA                              | Veolia Environnement SA                                                     | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |      7226 | NS      | $185112.78    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilmar International Ltd                             | Wilmar International Ltd                                                    | CUSIP: 000000000<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |     73164 | NS      | $227627.27    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Golden Agri-Resources Ltd                            | Golden Agri-Resources Ltd                                                   | CUSIP: 000000000<br>LEI: 529900GAK9LTNC3IFY40 | Long             | EC               | CORP              | MU        |    444319 | NS      | $82811.89     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                         | Gazprom PJSC                                                                | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    125520 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Austevoll Seafood ASA                                | Austevoll Seafood ASA                                                       | CUSIP: 000000000<br>LEI: 5967007LIEEXZXFFDC03 | Long             | EC               | CORP              | NO        |      6144 | NS      | $55108.66     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricite de France SA                             | Electricite de France SA                                                    | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | EC               | CORP              | FR        |      5579 | NS      | $71411.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Inghams Group Ltd                                    | Inghams Group Ltd                                                           | CUSIP: 000000000<br>LEI: 529900ZZ4VRHSGVBNE41 | Long             | EC               | CORP              | AU        |     21074 | NS      | $40695.66     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                        | Rio Tinto PLC                                                               | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     30968 | NS      | $2168744.52   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Absolute PCL                                  | Energy Absolute PCL                                                         | CUSIP: 000000000<br>LEI: 549300YNVU2DM30XBZ14 | Long             | EC               | CORP              | TH        |     14200 | NS      | $39685.74     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                                 | Galp Energia SGPS SA                                                        | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |      7957 | NS      | $107023.96    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ERG SpA                                              | ERG SpA                                                                     | CUSIP: 000000000<br>LEI: 8156004604684CA44A90 | Long             | EC               | CORP              | IT        |       592 | NS      | $18293.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd                       | Canadian Natural Resources Ltd                                              | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     18303 | NS      | $1016365.59   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Vital Farms Inc                                      | Vital Farms Inc                                                             | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |      1788 | NS      | $26676.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                                   | Perseus Mining Ltd                                                          | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |     41677 | NS      | $59733.91     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                            | PG&E Corp                                                                   | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     34019 | NS      | $553148.94    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                                           | Verbund AG                                                                  | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |      1199 | NS      | $100486.37    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Var Energi ASA                                       | Var Energi ASA                                                              | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | EC               | CORP              | NO        |      6548 | NS      | $22481.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Adaro Energy Indonesia Tbk PT                        | Adaro Energy Indonesia Tbk PT                                               | CUSIP: 000000000<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |    211100 | NS      | $52292.16     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SJW Group                                            | SJW Group                                                                   | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       285 | NS      | $23139.15     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF SA                                               | YPF SA                                                                      | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             | EC               | CORP              | AR        |      6375 | NS      | $58586.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                  | NAC Kazatomprom JSC                                                         | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |      1914 | NS      | $53751.92     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit Kappa Group PLC                              | Smurfit Kappa Group PLC                                                     | CUSIP: 000000000<br>LEI: 635400CPLP8H5ITDVT56 | Long             | EC               | CORP              | IE        |      7799 | NS      | $285958.50    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                      | Murphy Oil Corp                                                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      2399 | NS      | $103180.99    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                   | Eldorado Gold Corp                                                          | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      5619 | NS      | $46974.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Water Corp                                     | Primo Water Corp                                                            | CUSIP: 74167P108<br>LEI: 5493005TMUI9D3MY9I37 | Long             | EC               | CORP              | CA        |      1650 | NS      | $25641.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC                           | United Utilities Group PLC                                                  | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |      7135 | NS      | $84824.71     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                       | CMOC Group Ltd                                                              | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    108400 | NS      | $49662.89     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cal-Maine Foods Inc                                  | Cal-Maine Foods Inc                                                         | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      2733 | NS      | $148811.85    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                    | Kinder Morgan Inc                                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     31843 | NS      | $575721.44    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Coway Co Ltd                                         | Coway Co Ltd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       576 | NS      | $25574.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CS Wind Corp                                         | CS Wind Corp                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       253 | NS      | $13877.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eregli Demir ve Celik Fabrikalari TAS                | Eregli Demir ve Celik Fabrikalari TAS                                       | CUSIP: 000000000<br>LEI: 789000VYQF5IDGG49908 | Long             | EC               | CORP              | TR        |     49220 | NS      | $108055.38    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                                    | PetroChina Co Ltd                                                           | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |    336540 | NS      | $153739.01    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Essential Utilities Inc                              | Essential Utilities Inc                                                     | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      2790 | NS      | $133166.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                 | Freeport-McMoRan Inc                                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     41621 | NS      | $1581598.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon Nohyaku Co Ltd                                 | Nihon Nohyaku Co Ltd                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2200 | NS      | $11959.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| PotlatchDeltic Corp                                  | PotlatchDeltic Corp                                                         | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               |  | US        |      2379 | NS      | $104652.21    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                              | Vale SA                                                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    141087 | NS      | $2394246.39   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                           | Boliden AB                                                                  | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |      7926 | NS      | $298156.51    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Louisiana-Pacific Corp                               | Louisiana-Pacific Corp                                                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      2125 | NS      | $125800.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondi PLC                                            | Mondi PLC                                                                   | CUSIP: 000000000<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |     14397 | NS      | $242247.93    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| International Paper Co                               | International Paper Co                                                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     10626 | NS      | $367978.38    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Co Ltd                          | China Shenhua Energy Co Ltd                                                 | CUSIP: 000000000<br>LEI: 529900N9JOX4C108MA40 | Long             | EC               | CORP              | CN        |     54591 | NS      | $157269.17    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Maanshan Iron & Steel Co Ltd                         | Maanshan Iron & Steel Co Ltd                                                | CUSIP: 000000000<br>LEI: 529900A75J4LKKIUAJ17 | Long             | EC               | CORP              | CN        |     40000 | NS      | $9282.20      | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| HF Sinclair Corp                                     | HF Sinclair Corp                                                            | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2520 | NS      | $130762.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                         | NiSource Inc                                                                | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      6558 | NS      | $179820.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                                             | APA Corp                                                                    | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      5191 | NS      | $242315.88    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                           | Deere & Co                                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     19799 | NS      | $8489019.24   | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co Inc                          | Chubu Electric Power Co Inc                                                 | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |     10000 | NS      | $102852.29    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP Renovaveis SA                                    | EDP Renovaveis SA                                                           | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |      2561 | NS      | $56264.31     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chord Energy Corp                                    | Chord Energy Corp                                                           | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |       634 | NS      | $86737.54     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CEZ AS                                               | CEZ AS                                                                      | CUSIP: 000000000<br>LEI: 529900S5R9YHJHYKKG94 | Long             | EC               | CORP              | CZ        |      2528 | NS      | $86009.19     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                              | E.ON SE                                                                     | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     23584 | NS      | $233771.13    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                              | Reliance Industries Ltd                                                     | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     25744 | NS      | $1579234.53   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Gold Inc                                      | Lundin Gold Inc                                                             | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      2668 | NS      | $26050.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                      | First Solar Inc                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1064 | NS      | $159376.56    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                        | BHP Group Ltd                                                               | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    149476 | NS      | $4611946.25   | 3.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Husqvarna AB                                         | Husqvarna AB                                                                | CUSIP: 000000000<br>LEI: 549300GYQIIJ3UXB7655 | Long             | EC               | CORP              | SE        |     29145 | NS      | $204999.31    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                              | Eni SpA                                                                     | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     36575 | NS      | $518522.06    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Astral Foods Ltd                                     | Astral Foods Ltd                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      2750 | NS      | $26304.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FuelCell Energy Inc                                  | FuelCell Energy Inc                                                         | CUSIP: 35952H601<br>LEI: 549300SRU8020X1X9J22 | Long             | EC               | CORP              | US        |      4315 | NS      | $11995.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| China Hongqiao Group Ltd                             | China Hongqiao Group Ltd                                                    | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |     73200 | NS      | $69043.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Chemical Corp                                 | Nissan Chemical Corp                                                        | CUSIP: 000000000<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |      7800 | NS      | $338318.78    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp                                    | Nippon Steel Corp                                                           | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |     22600 | NS      | $390040.18    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                                            | Orsted AS                                                                   | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |      2009 | NS      | $181076.23    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                    | Ivanhoe Mines Ltd                                                           | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     16730 | NS      | $132116.31    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Xinyi Solar Holdings Ltd                             | Xinyi Solar Holdings Ltd                                                    | CUSIP: 000000000<br>LEI: 529900QF7VIH03SB7Q08 | Long             | EC               | CORP              | KY        |     48000 | NS      | $52819.94     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| California Water Service Group                       | California Water Service Group                                              | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |       579 | NS      | $35110.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| China Gas Holdings Ltd                               | China Gas Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 254900KTSZLZ21VV8T33 | Long             | EC               | CORP              | BM        |     43600 | NS      | $63191.86     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                             | Bayer AG                                                                    | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     69609 | NS      | $3572068.35   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| United Plantations BHD                               | United Plantations BHD                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     11200 | NS      | $38899.77     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                 | Cleveland-Cliffs Inc                                                        | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     14944 | NS      | $240747.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Devon Energy Corp                                    | Devon Energy Corp                                                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     10505 | NS      | $646162.55    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Billerud AB                                          | Billerud AB                                                                 | CUSIP: 000000000<br>LEI: 549300YJUYJ9A24RXL71 | Long             | EC               | CORP              | SE        |      6724 | NS      | $82144.61     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American Platinum Ltd                          | Anglo American Platinum Ltd                                                 | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      1742 | NS      | $145178.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings Inc                                   | ENEOS Holdings Inc                                                          | CUSIP: 000000000<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |     45600 | NS      | $154457.18    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Itron Inc                                            | Itron Inc                                                                   | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |       477 | NS      | $24160.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JinkoSolar Holding Co Ltd                            | JinkoSolar Holding Co Ltd                                                   | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | KY        |       532 | NS      | $21748.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| LUKOIL PJSC                                          | LUKOIL PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      3739 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Andersons Inc/The                                    | Andersons Inc/The                                                           | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |      2223 | NS      | $77782.77     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Canfor Corp                                          | Canfor Corp                                                                 | CUSIP: 137576104<br>LEI: 549300DRE7WBHY02BD70 | Long             | EC               | CORP              | CA        |      1768 | NS      | $27806.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Sociedad Quimica y Minera de Chile SA                | Sociedad Quimica y Minera de Chile SA                                       | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     10120 | NS      | $807980.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Angang Steel Co Ltd                                  | Angang Steel Co Ltd                                                         | CUSIP: 000000000<br>LEI: 213800QMMVMR3ABCKL62 | Long             | EC               | CORP              | CN        |     39940 | NS      | $10846.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                              | SSAB AB                                                                     | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |     18130 | NS      | $94579.31     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                      | Norsk Hydro ASA                                                             | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     39450 | NS      | $293162.85    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bioceres Crop Solutions Corp                         | Bioceres Crop Solutions Corp                                                | CUSIP: 000000000<br>LEI: 549300SBSSIZUVSY4U27 | Long             | EC               | CORP              | KY        |      1531 | NS      | $18417.93     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PJSC                                        | PHOSAGRO PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        89 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Intrepid Potash Inc                                  | Intrepid Potash Inc                                                         | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |       652 | NS      | $18823.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                                        | Fresnillo PLC                                                               | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | GB        |      5498 | NS      | $59771.57     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Filo Mining Corp                                     | Filo Mining Corp                                                            | CUSIP: 31730E101<br>LEI: 54930049JO3VWJU1B514 | Long             | EC               | CORP              | CA        |      2478 | NS      | $42502.47     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Epiroc AB                                            | Epiroc AB                                                                   | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      9887 | NS      | $180298.65    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Metals Group Ltd                           | Fortescue Metals Group Ltd                                                  | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     46486 | NS      | $647165.16    | 0.45%             |  |  |  | No            |                  2 | On Loan: —       |
| Westrock Co                                          | Westrock Co                                                                 | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |      7556 | NS      | $265668.96    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek PJSC                                         | Novatek PJSC                                                                | CUSIP: 000000000<br>LEI: 2138008R6GCRVBDFA581 | Long             | EC               | CORP              | RU        |     19580 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Pioneer Natural Resources Co                         | Pioneer Natural Resources Co                                                | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      3727 | NS      | $851209.53    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                               | Petroleo Brasileiro SA                                                      | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     60309 | NS      | $642290.85    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                           | CF Industries Holdings Inc                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     13833 | NS      | $1178571.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S AG                                               | K+S AG                                                                      | CUSIP: 000000000<br>LEI: 529900YURAYD4IJX2J91 | Long             | EC               | CORP              | DE        |     13564 | NS      | $266599.76    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresh Del Monte Produce Inc                          | Fresh Del Monte Produce Inc                                                 | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |      2663 | NS      | $69743.97     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella-Jones Inc                                     | Stella-Jones Inc                                                            | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |      1878 | NS      | $67250.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Wheaton Precious Metals Corp                         | Wheaton Precious Metals Corp                                                | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     13828 | NS      | $540398.24    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Innergex Renewable Energy Inc                        | Innergex Renewable Energy Inc                                               | CUSIP: 45790B104<br>LEI: 549300EORYEC4J59SU80 | Long             | EC               | CORP              | CA        |      1615 | NS      | $19309.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| UGI Corp                                             | UGI Corp                                                                    | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      3379 | NS      | $125259.53    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                      | Hecla Mining Co                                                             | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     17245 | NS      | $95882.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd                                     | Imperial Oil Ltd                                                            | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      2979 | NS      | $145196.46    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Glencore PLC                                         | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |    178825 | NS      | $1186552.76   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                               | Diamondback Energy Inc                                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      2697 | NS      | $368895.66    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy Inc                              | New Fortress Energy Inc                                                     | CUSIP: 644393100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1273 | NS      | $54000.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Idemitsu Kosan Co Ltd                                | Idemitsu Kosan Co Ltd                                                       | CUSIP: 000000000<br>LEI: 549300P0R46FF6DUA630 | Long             | EC               | CORP              | JP        |      3200 | NS      | $74516.77     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameresco Inc                                         | Ameresco Inc                                                                | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |       338 | NS      | $19313.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Antero Resources Corp                                | Antero Resources Corp                                                       | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      4423 | NS      | $137068.77    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Metsa Board Oyj                                      | Metsa Board Oyj                                                             | CUSIP: 000000000<br>LEI: 743700KKB8Q035K38488 | Long             | EC               | CORP              | FI        |      4956 | NS      | $46420.74     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Matador Resources Co                                 | Matador Resources Co                                                        | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      1761 | NS      | $100799.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bega Cheese Ltd                                      | Bega Cheese Ltd                                                             | CUSIP: 000000000<br>LEI: 549300P1H1GM5BXPB476 | Long             | EC               | CORP              | AU        |     16107 | NS      | $42360.31     | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Commercial Metals Co                                 | Commercial Metals Co                                                        | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      3406 | NS      | $164509.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                                      | UPM-Kymmene Oyj                                                             | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     15647 | NS      | $583781.47    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Koza Altin Isletmeleri AS                            | Koza Altin Isletmeleri AS                                                   | CUSIP: 000000000<br>LEI: 789000D7X9KM1ZIJX609 | Long             | EC               | CORP              | TR        |      1402 | NS      | $42317.84     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| S-Oil Corp                                           | S-Oil Corp                                                                  | CUSIP: 000000000<br>LEI: 988400QTUXYDN8W3MZ32 | Long             | EC               | CORP              | KR        |       667 | NS      | $44392.30     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                          | Ovintiv Inc                                                                 | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4010 | NS      | $203347.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronas Gas Bhd                                     | Petronas Gas Bhd                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     10900 | NS      | $42351.08     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| voestalpine AG                                       | voestalpine AG                                                              | CUSIP: 000000000<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |      3300 | NS      | $87152.74     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                             | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      6432 | NS      | $105098.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VERBIO Vereinigte BioEnergie AG                      | VERBIO Vereinigte BioEnergie AG                                             | CUSIP: 000000000<br>LEI: 529900W51PINCFFALS96 | Long             | EC               | CORP              | DE        |       208 | NS      | $13444.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruha Nichiro Corp                                  | Maruha Nichiro Corp                                                         | CUSIP: 000000000<br>LEI: 529900HGXVKT576NWZ27 | Long             | EC               | CORP              | JP        |      2436 | NS      | $46105.55     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Siderurgica Nacional SA                          | Cia Siderurgica Nacional SA                                                 | CUSIP: 20440W105<br>LEI: 529900K40TEND42S0T46 | Long             | EC               | CORP              | BR        |     39150 | NS      | $108054.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                 | Howmet Aerospace Inc                                                        | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     12117 | NS      | $477530.97    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Energy Co Ltd                                 | Kunlun Energy Co Ltd                                                        | CUSIP: 000000000<br>LEI: 5299007GRIKP15GM4927 | Long             | EC               | CORP              | BM        |     58600 | NS      | $41664.51     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Southwestern Energy Co                               | Southwestern Energy Co                                                      | CUSIP: 845467109<br>LEI: EFWMP121W54QV9MGOP87 | Long             | EC               | CORP              | US        |     15905 | NS      | $93044.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                           | Alcoa Corp                                                                  | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      5178 | NS      | $235443.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                          | South32 Ltd                                                                 | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    134257 | NS      | $366623.04    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                     | ArcelorMittal SA                                                            | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     14321 | NS      | $376689.14    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Osisko Gold Royalties Ltd                            | Osisko Gold Royalties Ltd                                                   | CUSIP: 68827L101<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      5618 | NS      | $67667.26     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Aker BP ASA                                          | Aker BP ASA                                                                 | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |      6448 | NS      | $199319.63    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                           | Aluminum Corp of China Ltd                                                  | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |    112000 | NS      | $47398.39     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Murphy USA Inc                                       | Murphy USA Inc                                                              | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       292 | NS      | $81625.68     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Forestry Co Ltd                             | Sumitomo Forestry Co Ltd                                                    | CUSIP: 000000000<br>LEI: 549300FIIRGO6D5FWR19 | Long             | EC               | CORP              | JP        |      4083 | NS      | $71774.13     | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Alamos Gold Inc                                      | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |     11987 | NS      | $121112.98    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                                   | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      5828 | NS      | $793884.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp                           | First Majestic Silver Corp                                                  | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |      7262 | NS      | $60456.37     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Weyerhaeuser Co                                      | Weyerhaeuser Co                                                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     22098 | NS      | $685038.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Daio Paper Corp                                      | Daio Paper Corp                                                             | CUSIP: 000000000<br>LEI: 353800VL9DQ781ZR1G70 | Long             | EC               | CORP              | JP        |      2300 | NS      | $17552.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sylvamo Corp                                         | Sylvamo Corp                                                                | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      1129 | NS      | $54858.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                                   | Kumba Iron Ore Ltd                                                          | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      1653 | NS      | $47677.52     | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Teck Resources Ltd                                   | Teck Resources Ltd                                                          | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     14844 | NS      | $561400.08    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                                           | Aurubis AG                                                                  | CUSIP: 000000000<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |       878 | NS      | $71256.54     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Merdeka Copper Gold Tbk PT                           | Merdeka Copper Gold Tbk PT                                                  | CUSIP: 000000000<br>LEI: 894500DF5TJXCOE26L58 | Long             | EC               | CORP              | ID        |    412047 | NS      | $108859.89    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Olam Group Ltd                                       | Olam Group Ltd                                                              | CUSIP: 000000000<br>LEI: 9845006F83F5EEC2A704 | Long             | EC               | CORP              | SG        |     61709 | NS      | $67248.91     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinon Corp                                           | Sinon Corp                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     28000 | NS      | $33151.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nufarm Ltd/Australia                                 | Nufarm Ltd/Australia                                                        | CUSIP: 000000000<br>LEI: 529900QVU58IVMPRWJ98 | Long             | EC               | CORP              | AU        |     18814 | NS      | $78125.59     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Elanco Animal Health Inc                             | Elanco Animal Health Inc                                                    | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     33453 | NS      | $408795.66    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Enterprises Water Group Ltd                  | Beijing Enterprises Water Group Ltd                                         | CUSIP: 000000000<br>LEI: 529900TWUN2ALJKWRR11 | Long             | EC               | CORP              | BM        |     42000 | NS      | $10740.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Petrol Rafinerileri AS                       | Turkiye Petrol Rafinerileri AS                                              | CUSIP: 000000000<br>LEI: 789000RCNG97UV50EE03 | Long             | EC               | CORP              | TR        |      2393 | NS      | $67756.63     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BrasilAgro - Co Brasileira de Propriedades Agricolas | BrasilAgro - Co Brasileira de Propriedades Agricolas                        | CUSIP: 000000000<br>LEI: HNU7Z5273PRV5T5S5F07 | Long             | EC               | CORP              | BR        |      3750 | NS      | $21032.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesapeake Energy Corp                               | Chesapeake Energy Corp                                                      | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      1816 | NS      | $171375.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Ormat Technologies Inc                               | Ormat Technologies Inc                                                      | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |       596 | NS      | $51542.08     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Bunge Ltd                                            | Bunge Ltd                                                                   | CUSIP: 000000000<br>LEI: 5493007M0RIN8HY3MM77 | Long             | EC               | CORP              | BM        |     10523 | NS      | $1049879.71   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                    | Siemens Energy AG                                                           | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      6869 | NS      | $128587.78    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Halliburton Co                                       | Halliburton Co                                                              | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     14675 | NS      | $577461.25    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Holmen AB                                            | Holmen AB                                                                   | CUSIP: 000000000<br>LEI: 52990080SH3454F0QE68 | Long             | EC               | CORP              | SE        |      2730 | NS      | $108663.61    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                          | Equinor ASA                                                                 | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     15774 | NS      | $563802.22    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd                   | Press Metal Aluminium Holdings Bhd                                          | CUSIP: 000000000<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |    100100 | NS      | $110905.73    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                               | Yara International ASA                                                      | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     10893 | NS      | $475755.30    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Alumina Ltd                                          | Alumina Ltd                                                                 | CUSIP: 000000000<br>LEI: 2138002VD9MW2WT8HR38 | Long             | EC               | CORP              | AU        |     69103 | NS      | $71059.73     | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| BRF SA                                               | BRF SA                                                                      | CUSIP: 10552T107<br>LEI: 254900MTXR9LUVQFU480 | Long             | EC               | CORP              | BR        |     50851 | NS      | $80344.58     | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Anglo American PLC                                   | Anglo American PLC                                                          | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     37328 | NS      | $1454444.95   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp                     | Algonquin Power & Utilities Corp                                            | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |      7278 | NS      | $47375.89     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| PPB Group Bhd                                        | PPB Group Bhd                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     32300 | NS      | $127880.14    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                                     | Boise Cascade Co                                                            | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      1173 | NS      | $80549.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresas CMPC SA                                     | Empresas CMPC SA                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |     32253 | NS      | $53602.94     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                                         | Centrica PLC                                                                | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |     93822 | NS      | $108574.64    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pabrik Kertas Tjiwi Kimia Tbk PT                     | Pabrik Kertas Tjiwi Kimia Tbk PT                                            | CUSIP: 000000000<br>LEI: 529900AYY9T852XBBO93 | Long             | EC               | CORP              | ID        |     37900 | NS      | $17156.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Polski Koncern Naftowy ORLEN SA                      | Polski Koncern Naftowy ORLEN SA                                             | CUSIP: 000000000<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |      9432 | NS      | $138413.78    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Lee & Man Paper Manufacturing Ltd                    | Lee & Man Paper Manufacturing Ltd                                           | CUSIP: 000000000<br>LEI: 30030066PNKQVCCC5G24 | Long             | EC               | CORP              | KY        |     34500 | NS      | $15129.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Steel & Aluminum Co                         | Reliance Steel & Aluminum Co                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1714 | NS      | $346982.16    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                            | ONEOK Inc                                                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      7200 | NS      | $473040.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd                         | Impala Platinum Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     26004 | NS      | $326332.45    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Methanex Corp                                        | Methanex Corp                                                               | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |       739 | NS      | $27957.59     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                         | Enbridge Inc                                                                | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     32790 | NS      | $1282089.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuala Lumpur Kepong Bhd                              | Kuala Lumpur Kepong Bhd                                                     | CUSIP: 000000000<br>LEI: 2549009JSTRFMR7A8D34 | Long             | EC               | CORP              | MY        |     28378 | NS      | $144229.21    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| National Fuel Gas Co                                 | National Fuel Gas Co                                                        | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      1417 | NS      | $89696.10     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                           | First Quantum Minerals Ltd                                                  | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     16392 | NS      | $342248.56    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium SA                                           | Ternium SA                                                                  | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |      5796 | NS      | $177125.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Pennon Group PLC                                     | Pennon Group PLC                                                            | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |      2772 | NS      | $29654.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SunPower Corp                                        | SunPower Corp                                                               | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Long             | EC               | CORP              | US        |       886 | NS      | $15974.58     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Ballard Power Systems Inc                            | Ballard Power Systems Inc                                                   | CUSIP: 058586108<br>LEI: 549300OHZ8BMF53YYS26 | Long             | EC               | CORP              | CA        |      2541 | NS      | $12152.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Polyus PJSC                                          | Polyus PJSC                                                                 | CUSIP: 73181M117<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |      1669 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ConocoPhillips                                       | ConocoPhillips                                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     20185 | NS      | $2381830.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp                           | Nippon Sanso Holdings Corp                                                  | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |      2500 | NS      | $36020.02     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer