# EDGAR Filing Document

**Accession Number:** 0000915802
**File Stem:** 0001752724-25-154632
**Filing Date:** 2025-6
**Character Count:** 116792
**Document Hash:** 99c6dffbfdfebe5ef1aaeda1cd2fc88c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-154632.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-154632

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08194
- **FILM NUMBER:** 251071685

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 3036232577

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $340989321.64

**Total Liabilities:** $107919.50

**Net Assets:** $340881402.14

**Cash Not Reported:** $511166.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251006 | -1.56%               | 3.16%                | -2.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2766206.49             | $-4638233.65                               |
| Month 2  | $-3586906.25             | $13155359.02                               |
| Month 3  | $2828348.14              | $-11847486.43                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Southern Copper Corp                                       | Southern Copper Corp.                                                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     31359 | NS      | $2807257.68   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| African Rainbow Minerals Ltd                               | African Rainbow Minerals, Ltd.                                             | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |     52041 | NS      | $434065.51    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| West Fraser Timber Co Ltd                                  | West Fraser Timber Co., Ltd.                                               | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     14021 | NS      | $1038099.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Northland Power Inc                                        | Northland Power, Inc.                                                      | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |     74561 | NS      | $1013004.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Capricorn Metals Ltd                                       | Capricorn Metals, Ltd.                                                     | CUSIP: N/A<br>LEI: 529900CRG304NUYMOV23       | Long             | EC               | CORP              | AU        |    151471 | NS      | $897478.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissui Corp                                                | Nissui Corp.                                                               | CUSIP: N/A<br>LEI: 529900MPH5BMANQ3EC50       | Long             | EC               | CORP              | JP        |    181178 | NS      | $1098244.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Rex American Resources Corp                                | REX American Resources Corp.                                               | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10200 | NS      | $405144.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group Plc/the                                         | Weir Group PLC                                                             | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |     27310 | NS      | $818179.01    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bluescope Steel Ltd                                        | BlueScope Steel, Ltd.                                                      | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               | CORP              | AU        |    157845 | NS      | $2413436.26   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Northam Platinum Holdings Ltd                              | Northam Platinum Holdings, Ltd.                                            | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |    205934 | NS      | $1378557.98   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Salmar Asa                                                 | Salmar ASA                                                                 | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |     21151 | NS      | $1041956.24   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                         | Eldorado Gold Corp.                                                        | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |     75169 | NS      | $1416183.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sma Solar Technology Ag                                    | SMA Solar Technology AG                                                    | CUSIP: N/A<br>LEI: 529900Q6JQHI8X451Q21       | Long             | EC               | CORP              | DE        |     56979 | NS      | $979847.99    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Birchcliff Energy Ltd                                      | Birchcliff Energy, Ltd.                                                    | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |    121911 | NS      | $497866.63    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd                                 | China Mengniu Dairy Co., Ltd.                                              | CUSIP: B01B1L907<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |    906744 | NS      | $2270484.36   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Vermilion Energy Inc                                       | Vermilion Energy, Inc.                                                     | CUSIP: 923725105<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | EC               | RF                | CA        |    249787 | NS      | $1507491.54   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Anglo American Platinum Ltd                                | Anglo American Platinum, Ltd.                                              | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |     16014 | NS      | $550284.99    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Mmg Ltd                                                    | MMG, Ltd.                                                                  | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |   1824226 | NS      | $555105.13    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Eni Spa                                                    | Eni SpA                                                                    | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |     17941 | NS      | $258120.49    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cnx Resources Corp                                         | CNX Resources Corp.                                                        | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |      2608 | NS      | $76753.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                                 | Inpex Corp.                                                                | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    123062 | NS      | $1556995.09   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Talos Energy Inc                                           | Talos Energy, Inc.                                                         | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    227488 | NS      | $1565117.44   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Topaz Energy Corp                                          | Topaz Energy Corp.                                                         | CUSIP: 89055A203<br>LEI: 98450056D90CB02FQ571 | Long             | EC               | CORP              | CA        |     24125 | NS      | $403016.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Civitas Resources Inc                                      | Civitas Resources, Inc.                                                    | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     67786 | NS      | $1847168.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | Chevron Corp.                                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2124 | NS      | $288991.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Totalenergies Se                                           | TotalEnergies SE                                                           | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     24795 | NS      | $1437033.07   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaria Energia Y Medio Ambiente Sa                        | Solaria Energia y Medio Ambiente SA                                        | CUSIP: N/A<br>LEI: 959800PM2YJU406K2789       | Long             | EC               | CORP              | ES        |     95926 | NS      | $720914.75    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Teck Resources Ltd                                         | Teck Resources, Ltd.                                                       | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    108924 | NS      | $3702326.76   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd                               | Impala Platinum Holdings, Ltd.                                             | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    231490 | NS      | $1379761.91   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc                         | Compass Minerals International, Inc.                                       | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     17684 | NS      | $237672.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sm Energy Co                                               | SM Energy Co.                                                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     73892 | NS      | $1683998.68   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro Asa                                            | Norsk Hydro ASA                                                            | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     24471 | NS      | $128430.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sany Heavy Equipment International Holdings Co Ltd         | Sany Heavy Equipment International Holdings Co., Ltd.                      | CUSIP: N/A<br>LEI: 254900BKG9FQLCKFVK72       | Long             | EC               | CORP              | KY        |    121583 | NS      | $88887.46     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aperam Sa                                                  | APERAM SA                                                                  | CUSIP: N/A<br>LEI: 5493001136GE6L4R7M63       | Long             | EC               | CORP              | LU        |     15877 | NS      | $459368.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                     | Agnico-Eagle Mines, Ltd.                                                   | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      1280 | NS      | $150441.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Veralto Corp                                               | Veralto Corp.                                                              | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      4433 | NS      | $425124.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                                 | Deere & Co.                                                                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2370 | NS      | $1098637.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                                | Nutrien, Ltd.                                                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |       932 | NS      | $53170.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor Asa                                                | Equinor ASA                                                                | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     37313 | NS      | $853255.93    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshin Seifun Group Inc                                   | Nisshin Seifun Group, Inc.                                                 | CUSIP: N/A<br>LEI: 529900N4QFZS1P6PYX29       | Long             | EC               | CORP              | JP        |     99445 | NS      | $1281489.81   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Steel Manufacturing Co Ltd                           | Tokyo Steel Manufacturing Co., Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     83108 | NS      | $938728.63    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                                      | Lynas Rare Earths, Ltd.                                                    | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | AU        |    323741 | NS      | $1779252.47   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Shougang Fushan Resources Group Ltd                        | Shougang Fushan Resources Group, Ltd.                                      | CUSIP: N/A<br>LEI: 529900OPUNJYLOX4OL37       | Long             | EC               | CORP              | HK        |      6541 | NS      | $2074.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| China Hongqiao Group Ltd                                   | China Hongqiao Group, Ltd.                                                 | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |      3253 | NS      | $5855.37      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     18897 | NS      | $98967.31     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Gold Fields Ltd                                            | Gold Fields, Ltd.                                                          | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     10208 | NS      | $230088.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc Ab                                                  | Epiroc AB                                                                  | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |      5003 | NS      | $108077.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rpc Inc                                                    | RPC, Inc.                                                                  | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |    177959 | NS      | $841746.07    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa Ab Sca                                   | Svenska Cellulosa AB SCA                                                   | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        |    127345 | NS      | $1650853.91   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fmc Corp                                                   | FMC Corp.                                                                  | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     33053 | NS      | $1385581.76   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp                                       | Daqo New Energy Corp.                                                      | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |    181347 | NS      | $2310360.78   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted As                                                  | Orsted AS                                                                  | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |     17434 | NS      | $692703.17    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                           | Coeur Mining, Inc.                                                         | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    182590 | NS      | $1013374.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                                          | Pason Systems, Inc.                                                        | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |     89704 | NS      | $714456.64    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                        | Hudbay Minerals, Inc.                                                      | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |    483608 | NS      | $3518488.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                                            | Murphy Oil Corp.                                                           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    165503 | NS      | $3397776.59   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gs Yuasa Corp                                              | GS Yuasa Corp.                                                             | CUSIP: J1770L109<br>LEI: 353800MW7O6PQQHLDR79 | Long             | EC               | CORP              | JP        |     64038 | NS      | $1122613.28   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamato Kogyo Co Ltd                                        | Yamato Kogyo Co., Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3075 | NS      | $182568.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc                                   | Aris Water Solutions, Inc.                                                 | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22505 | NS      | $561724.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Npk International Inc                                      | NPK International, Inc.                                                    | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     80646 | NS      | $466133.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                                | South32, Ltd.                                                              | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |   1288037 | NS      | $2268890.92   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico Sab De Cv                                     | Grupo Mexico SAB de CV                                                     | CUSIP: 264367905<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    571237 | NS      | $2964181.29   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                                          | NexGen Energy, Ltd.                                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |    368679 | NS      | $1928191.17   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncoke Energy Inc                                         | SunCoke Energy, Inc.                                                       | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     38749 | NS      | $351065.94    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| China Nonferrous Mining Corp Ltd                           | China Nonferrous Mining Corp., Ltd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1704040 | NS      | $1129347.26   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                                       | Gulfport Energy Corp.                                                      | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |       270 | NS      | $46575.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Secure Waste Infrastructure Corp                           | Secure Waste Infrastructure Corp.                                          | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |    105233 | NS      | $1002255.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Xinyi Solar Holdings Ltd                                   | Xinyi Solar Holdings, Ltd.                                                 | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | KY        |   3563377 | NS      | $1189997.73   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Enphase Energy Inc                                         | Enphase Energy, Inc.                                                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      3839 | NS      | $171181.01    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                                          | Centerra Gold, Inc.                                                        | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    221154 | NS      | $1480669.82   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Inghams Group Ltd                                          | Inghams Group, Ltd.                                                        | CUSIP: N/A<br>LEI: 529900ZZ4VRHSGVBNE41       | Long             | EC               | CORP              | AU        |    305664 | NS      | $671569.55    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Outokumpu Oyj                                              | Outokumpu Oyj                                                              | CUSIP: N/A<br>LEI: 5493009YRUJJDCFF0R80       | Long             | EC               | CORP              | FI        |     68516 | NS      | $261884.13    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Iron Ltd                                          | Champion Iron, Ltd.                                                        | CUSIP: N/A<br>LEI: 894500WQI96G4T75O202       | Long             | EC               | CORP              | AU        |    333497 | NS      | $976249.26    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Newmont Corp                                               | Newmont Corp.                                                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     64260 | NS      | $3385216.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                                 | Select Water Solutions, Inc.                                               | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    136061 | NS      | $1159239.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Remgro Ltd                                                 | Remgro, Ltd.                                                               | CUSIP: S6873K106<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     71418 | NS      | $613846.37    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Veolia Environnement Sa                                    | Veolia Environnement SA                                                    | CUSIP: 403187909<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     53387 | NS      | $1946227.79   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Flat Glass Group Co Ltd                                    | Flat Glass Group Co., Ltd.                                                 | CUSIP: N/A<br>LEI: 300300BEL4RMXBKEA373       | Long             | EC               | CORP              | CN        |   1294514 | NS      | $1465500.14   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Flex Lng Ltd                                               | FLEX LNG, Ltd.                                                             | CUSIP: G35947202<br>LEI: 21380084THHU3MPC3647 | Long             | EC               | CORP              | BM        |     33393 | NS      | $787740.87    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia De Minas Buenaventura Saa                              | Cia de Minas Buenaventura SAA                                              | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |    139725 | NS      | $1978506.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fugro Nv                                                   | Fugro N.V.                                                                 | CUSIP: N/A<br>LEI: 7245000R8GNBSDTSZ396       | Long             | EC               | CORP              | NL        |     69690 | NS      | $813167.11    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-mcmoran Inc                                       | Freeport-McMoRan, Inc.                                                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      9523 | NS      | $343113.69    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                         | Lundin Mining Corp.                                                        | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    345048 | NS      | $2823256.52   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| United Utilities Group Plc                                 | United Utilities Group PLC                                                 | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |     78852 | NS      | $1184839.68   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Baytex Energy Corp                                         | Baytex Energy Corp.                                                        | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |   1118566 | NS      | $1728235.59   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Permian Resources Corp                                     | Permian Resources Corp.                                                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    127135 | NS      | $1500193.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluidra Sa                                                 | Fluidra SA                                                                 | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |     11801 | NS      | $271653.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eramet Sa                                                  | Eramet SA                                                                  | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               | CORP              | FR        |     18641 | NS      | $1026307.70   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Saipem Spa                                                 | Saipem SpA                                                                 | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |    607263 | NS      | $1404080.27   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Woodside Energy Group Ltd                                  | Woodside Energy Group, Ltd.                                                | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     82471 | NS      | $1095626.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Paladin Energy Ltd                                         | Paladin Energy, Ltd.                                                       | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |    268208 | NS      | $1006750.67   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Wh Group Ltd                                               | WH Group, Ltd.                                                             | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   2762471 | NS      | $2471962.03   | 0.73%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                                    | Kodiak Gas Services, Inc.                                                  | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17037 | NS      | $579428.37    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining Plc                                       | Endeavour Mining PLC                                                       | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |     66072 | NS      | $1790069.06   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Ingredion Inc                                              | Ingredion, Inc.                                                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     10829 | NS      | $1438307.78   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole Plc                                                   | Dole PLC                                                                   | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |     49736 | NS      | $755489.84    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Championx Corp                                             | ChampionX Corp.                                                            | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |     51131 | NS      | $1233791.03   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-daniels-midland Co                                  | Archer-Daniels-Midland Co.                                                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     47940 | NS      | $2289135.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                                  | California Resources Corp.                                                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     37743 | NS      | $1302510.93   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                                | Northern Star Resources, Ltd.                                              | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |    363159 | NS      | $4461675.69   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eog Resources Inc                                          | EOG Resources, Inc.                                                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     19674 | NS      | $2170632.42   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                                | Nutrien, Ltd.                                                              | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     11500 | NS      | $656499.35    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                                      | Helmerich & Payne, Inc.                                                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    122018 | NS      | $2304920.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Conocophillips                                             | ConocoPhillips                                                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     21269 | NS      | $1895493.28   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                            | Tyson Foods, Inc.                                                          | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     48051 | NS      | $2942643.24   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                                     | Ramelius Resources, Ltd.                                                   | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |    674090 | NS      | $1135602.18   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Cenovus Energy Inc                                         | Cenovus Energy, Inc.                                                       | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    121566 | NS      | $1431173.78   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Oyj                                                  | Metso Corporation                                                          | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |    150347 | NS      | $1627923.18   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Oci Nv                                                     | OCI N.V.                                                                   | CUSIP: N/A<br>LEI: 549300NCMRGIBJYUOE57       | Long             | EC               | CORP              | NL        |     66166 | NS      | $547179.55    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co                                         | Crescent Energy Co.                                                        | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10860 | NS      | $89920.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals Lp                                    | Black Stone Minerals LP                                                    | CUSIP: 09225M101<br>LEI: 0C0OFK66613BCRQJ7F34 | Long             | EC               | CORP              | US        |     45177 | NS      | $637447.47    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                                       | Evolution Mining, Ltd.                                                     | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |    937156 | NS      | $4700307.13   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc                                 | Eos Energy Enterprises, Inc.                                               | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166358 | NS      | $868388.76    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Steel Corp                                   | United States Steel Corp.                                                  | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |      6902 | NS      | $301686.42    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                                               | Enerflex, Ltd.                                                             | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |     62420 | NS      | $408405.92    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                               | Sumitomo Metal Mining Co., Ltd.                                            | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |     94470 | NS      | $2101755.98   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Baker Hughes Co                                            | Baker Hughes Co.                                                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3866 | NS      | $136856.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mp Materials Corp                                          | MP Materials Corp.                                                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     33869 | NS      | $828435.74    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                                  | Zijin Mining Group Co., Ltd.                                               | CUSIP: Y9892H107<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    406226 | NS      | $889385.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis Ag                                                 | Aurubis AG                                                                 | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |     18215 | NS      | $1579597.67   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ati Inc                                                    | ATI, Inc.                                                                  | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      4423 | NS      | $240522.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sjw Group                                                  | SJW Group                                                                  | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20509 | NS      | $1163680.66   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Var Energi Asa                                             | Var Energi ASA                                                             | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |    575836 | NS      | $1581370.95   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                                        | Century Aluminum Co.                                                       | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     94370 | NS      | $1548611.70   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvista Energy Ltd                                         | NuVista Energy, Ltd.                                                       | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |    135118 | NS      | $1151629.55   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Holmen Ab                                                  | Holmen AB                                                                  | CUSIP: N/A<br>LEI: 52990080SH3454F0QE68       | Long             | EC               | CORP              | SE        |     14887 | NS      | $589288.31    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                                     | Array Technologies, Inc.                                                   | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |    621795 | NS      | $2972180.10   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi Asa                                                   | Mowi ASA                                                                   | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |    112986 | NS      | $2064578.75   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                         | Coterra Energy, Inc.                                                       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     67271 | NS      | $1652175.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceanagold Corp                                            | OceanaGold Corp.                                                           | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |    497734 | NS      | $1761890.27   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                                   | American States Water Co.                                                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     15341 | NS      | $1244308.51   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                              | Shoals Technologies Group, Inc.                                            | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26403 | NS      | $95314.83     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Icl Group Ltd                                              | ICL Group, Ltd.                                                            | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        |    269291 | NS      | $1786368.62   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp                                          | Barrick Gold Corp.                                                         | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     27550 | NS      | $524552.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Aak Ab                                                     | AAK AB                                                                     | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |     19651 | NS      | $513156.32    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Freehold Royalties Ltd                                     | Freehold Royalties, Ltd.                                                   | CUSIP: 356500108<br>LEI: 529900KRYLKJ2WW87P48 | Long             | EC               | CORP              | CA        |    111080 | NS      | $919355.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Occidental Petroleum Corp                                  | Occidental Petroleum Corp.                                                 | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      5636 | NS      | $222114.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bucher Industries Ag                                       | Bucher Industries AG                                                       | CUSIP: N/A<br>LEI: 52990014AQ91A29HPB27       | Long             | EC               | CORP              | CH        |      1199 | NS      | $515714.55    | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Helix Energy Solutions Group Inc                           | Helix Energy Solutions Group, Inc.                                         | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    176481 | NS      | $1074769.29   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| China Longyuan Power Group Corp Ltd                        | China Longyuan Power Group Corp., Ltd.                                     | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464       | Long             | EC               | NUSS              | CN        |   1961365 | NS      | $1552785.23   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Flsmidth & Co A/s                                          | FLSmidth & Co. A/S                                                         | CUSIP: N/A<br>LEI: 213800MXXDGQ3ITPXI41       | Long             | EC               | CORP              | DK        |     10286 | NS      | $483624.65    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International Asa                                     | Yara International ASA                                                     | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     59532 | NS      | $1918135.07   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mol Hungarian Oil & Gas Plc                                | MOL Hungarian Oil & Gas PLC                                                | CUSIP: 474249901<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |     74056 | NS      | $625227.25    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Materials Corp                                  | Mitsubishi Materials Corp.                                                 | CUSIP: N/A<br>LEI: 35380076QOBOSOUBRT89       | Long             | EC               | CORP              | JP        |     60375 | NS      | $947344.47    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Imperial Oil Ltd                                           | Imperial Oil, Ltd.                                                         | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     12576 | NS      | $848282.49    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Jfe Holdings Inc                                           | JFE Holdings, Inc.                                                         | CUSIP: N/A<br>LEI: 3538002Y11Y03NA9B530       | Long             | EC               | CORP              | JP        |    143392 | NS      | $1664783.33   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo Plc                                              | Fresnillo PLC                                                              | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |     82238 | NS      | $1098172.56   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                            | Hecla Mining Co.                                                           | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    378940 | NS      | $2167536.80   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                             | Halliburton Co.                                                            | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     73112 | NS      | $1449079.84   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co Ltd                         | Japan Petroleum Exploration Co., Ltd.                                      | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               | CORP              | JP        |    238162 | NS      | $1707344.03   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ssab Ab                                                    | SSAB AB, Class A                                                           | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |     57642 | NS      | $363784.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                          | Chord Energy Corp.                                                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     13947 | NS      | $1258437.81   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                                    | Magnolia Oil & Gas Corp.                                                   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70118 | NS      | $1439522.54   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Acciona Energias Renovables Sa                        | Corp ACCIONA Energias Renovables SA                                        | CUSIP: N/A<br>LEI: 254900UPX0OEHTKB9Y44       | Long             | EC               | CORP              | ES        |     47933 | NS      | $892706.17    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Mineral Resources Ltd                                      | Mineral Resources, Ltd.                                                    | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |     11922 | NS      | $157238.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Icl Group Ltd                                              | ICL Group, Ltd.                                                            | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |     80075 | NS      | $531698.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Metallus Inc                                               | Metallus, Inc.                                                             | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     12305 | NS      | $155658.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eqt Corp                                                   | EQT Corp.                                                                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      3551 | NS      | $175561.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co Ltd                              | Morinaga Milk Industry Co., Ltd.                                           | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               | CORP              | JP        |     50355 | NS      | $1195306.13   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd                                | Kurita Water Industries, Ltd.                                              | CUSIP: N/A<br>LEI: 52990086GS2ON69UMX34       | Long             | EC               | CORP              | JP        |     54098 | NS      | $1787753.88   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| National Fuel Gas Co                                       | National Fuel Gas Co.                                                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3654 | NS      | $280554.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Parex Resources Inc                                        | Parex Resources, Inc.                                                      | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |    218929 | NS      | $1762738.94   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Solaris Energy Infrastructure Inc                          | Solaris Energy Infrastructure, Inc.                                        | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     40153 | NS      | $848834.42    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group Plc                                             | Drax Group PLC                                                             | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    133930 | NS      | $1101268.86   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Uacj Corp                                                  | UACJ Corp.                                                                 | CUSIP: N/A<br>LEI: 353800GO7FBE4RSRH831       | Long             | EC               | CORP              | JP        |     23472 | NS      | $790443.98    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                                   | Pan American Silver Corp.                                                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     31519 | NS      | $793648.42    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                     | Diamondback Energy, Inc.                                                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       721 | NS      | $95179.21     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp                                        | PotlatchDeltic Corp.                                                       | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     22934 | NS      | $880436.26    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dyno Nobel Ltd                                             | Dyno Nobel, Ltd.                                                           | CUSIP: N/A<br>LEI: 254900UW2F3BKV6Z9V18       | Long             | EC               | CORP              | AU        |     80603 | NS      | $117200.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianneng Power International Ltd                           | Tianneng Power International, Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    673472 | NS      | $560966.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Nh Foods Ltd                                               | NH Foods, Ltd.                                                             | CUSIP: N/A<br>LEI: 353800NLDBIOUQILWU82       | Long             | EC               | CORP              | JP        |     35487 | NS      | $1336533.05   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                                     | Whitecap Resources, Inc.                                                   | CUSIP: 96467A200<br>LEI: 894500O7XZ1G8OL9CB28 | Long             | EC               | CORP              | CA        |    253289 | NS      | $1436761.92   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Vital Energy Inc                                           | Vital Energy, Inc.                                                         | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |      2882 | NS      | $40866.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Anglo American Plc                                         | Anglo American PLC                                                         | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     40779 | NS      | $1102678.59   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Innergex Renewable Energy Inc                              | Innergex Renewable Energy, Inc.                                            | CUSIP: 45790B104<br>LEI: 549300EORYEC4J59SU80 | Long             | EC               | CORP              | CA        |     91691 | NS      | $903208.89    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                                  | Hess Corp.                                                                 | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      1328 | NS      | $171378.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| B2gold Corp                                                | B2Gold Corp.                                                               | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    265910 | NS      | $826980.10    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Canadian Natural Resources Ltd                             | Canadian Natural Resources, Ltd.                                           | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     44341 | NS      | $1272399.51   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                                                | Boralex, Inc.                                                              | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |     37461 | NS      | $832043.97    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Patterson-uti Energy Inc                                   | Patterson-UTI Energy, Inc.                                                 | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    198157 | NS      | $1117605.48   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta Plc                                            | Antofagasta PLC                                                            | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     53989 | NS      | $1174956.51   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| De Grey Mining Ltd                                         | De Grey Mining, Ltd.                                                       | CUSIP: N/A<br>LEI: 529900MOX6JOKGFAYY28       | Long             | EC               | CORP              | AU        |    261332 | NS      | $411794.26    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tidewater Inc                                              | Tidewater, Inc.                                                            | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     36796 | NS      | $1331647.24   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                                       | Warrior Met Coal, Inc.                                                     | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     32914 | NS      | $1573947.48   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tgs Asa                                                    | TGS ASA                                                                    | CUSIP: N/A<br>LEI: 549300NUPLAXPB0WYH90       | Long             | EC               | CORP              | NO        |    108112 | NS      | $799663.42    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp                                       | Sitio Royalties Corp.                                                      | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68814 | NS      | $1167085.44   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumco Corp                                                 | SUMCO Corp.                                                                | CUSIP: J76896109<br>LEI: 353800SUSRUOM0V6KU92 | Long             | EC               | CORP              | JP        |    396546 | NS      | $2729061.85   | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Essential Utilities Inc                                    | Essential Utilities, Inc.                                                  | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     11394 | NS      | $468635.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                             | Albemarle Corp.                                                            | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2486 | NS      | $145555.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                                 | Alcoa Corp.                                                                | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     76797 | NS      | $1883830.41   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni Spa                                                    | Eni SpA                                                                    | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |       727 | NS      | $20654.07     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortescue Ltd                                              | Fortescue, Ltd.                                                            | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    245675 | NS      | $2547771.05   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global Sa                                            | Bunge Global SA                                                            | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     27087 | NS      | $2132288.64   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc                              | Oceaneering International, Inc.                                            | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     67788 | NS      | $1203237.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandridge Energy Inc                                       | SandRidge Energy, Inc.                                                     | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |     85862 | NS      | $782202.82    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Daido Steel Co Ltd                                         | Daido Steel Co., Ltd.                                                      | CUSIP: N/A<br>LEI: 353800WZKGRNG0T2FR92       | Long             | EC               | CORP              | JP        |     29875 | NS      | $223884.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Agco Corp                                                  | AGCO Corp.                                                                 | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      7907 | NS      | $670750.81    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Organo Corp                                                | Organo Corp.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     23354 | NS      | $1109061.83   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Nov Inc                                                    | National Oilwell Varco, Inc.                                               | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     17670 | NS      | $205148.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc                          | Alpha Metallurgical Resources, Inc.                                        | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8308 | NS      | $1008175.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Apa Corp                                                   | APA Corp.                                                                  | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     80709 | NS      | $1254217.86   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Beach Energy Ltd                                           | Beach Energy, Ltd.                                                         | CUSIP: N/A<br>LEI: 8Q9PJD25OKTQT5FHUF40       | Long             | EC               | CORP              | AU        |   1037036 | NS      | $780520.45    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles Sab De Cv                               | Industrias Penoles SAB de CV                                               | CUSIP: 244820908<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |     36284 | NS      | $727123.18    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Resources Ltd                                    | Paramount Resources, Ltd.                                                  | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |    129765 | NS      | $1473104.78   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Fresh Del Monte Produce Inc                                | Fresh Del Monte Produce, Inc.                                              | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     23067 | NS      | $784508.67    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co Ltd                             | Zhaojin Mining Industry Co., Ltd.                                          | CUSIP: N/A<br>LEI: 3003007KU2DRDX06PN04       | Long             | EC               | CORP              | CN        |    663779 | NS      | $1579937.12   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                                       | Pilgrim's Pride Corp.                                                      | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     52356 | NS      | $2857590.48   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund - Premier Class | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    490101 | NS      | $490100.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                                       | Matador Resources Co.                                                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     64706 | NS      | $2558475.24   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc                                       | Ramaco Resources, Inc.                                                     | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |    100482 | NS      | $1012858.56   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Ramaco Resources Inc                                       | Ramaco Resources, Inc.                                                     | CUSIP: 75134P501<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |      1547 | NS      | $14185.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                                      | Antero Resources Corp.                                                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      3074 | NS      | $107067.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dnow Inc                                                   | NOW, Inc.                                                                  | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     70637 | NS      | $1121009.19   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Nv                                            | Schlumberger NV                                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     14727 | NS      | $489672.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex Se                                                  | Nordex SE                                                                  | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |     54588 | NS      | $1019741.17   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision Drilling Corp                                    | Precision Drilling Corp.                                                   | CUSIP: 74022D407<br>LEI: 549300WF2OE8T5BP4B84 | Long             | EC               | CORP              | CA        |      9768 | NS      | $408688.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Tamarack Valley Energy Ltd                                 | Tamarack Valley Energy, Ltd.                                               | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |    535061 | NS      | $1385585.21   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| First Solar Inc                                            | First Solar, Inc.                                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     15554 | NS      | $1957004.28   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bhp Group Ltd                                              | BHP Group, Ltd.                                                            | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    113184 | NS      | $2768772.55   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium Sa                                                 | Ternium SA                                                                 | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |     24628 | NS      | $710764.08    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                                          | Ivanhoe Mines, Ltd.                                                        | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     63025 | NS      | $559572.03    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                           | Exxon Mobil Corp.                                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      3907 | NS      | $412696.41    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-cliffs Inc                                       | Cleveland-Cliffs, Inc.                                                     | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     12767 | NS      | $105200.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Labrador Iron Ore Royalty Corp                             | Labrador Iron Ore Royalty Corp.                                            | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     54932 | NS      | $1189808.15   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Kinross Gold Corp                                          | Kinross Gold Corp.                                                         | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     65268 | NS      | $963355.68    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-maine Foods Inc                                        | Cal-Maine Foods, Inc.                                                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     15915 | NS      | $1485983.55   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol Sa                                                  | Repsol SA                                                                  | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     13408 | NS      | $164195.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                                        | Uranium Energy Corp.                                                       | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    190715 | NS      | $1001253.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Karoon Energy Ltd                                          | Karoon Energy, Ltd.                                                        | CUSIP: N/A<br>LEI: 529900VXILHR2CNBWD62       | Long             | EC               | CORP              | AU        |   1186721 | NS      | $1094620.82   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Renew Energy Global Plc                                    | ReNew Energy Global PLC                                                    | CUSIP: G7500M104<br>LEI: 254900SL77LA2KAG7R65 | Long             | EC               | CORP              | GB        |     90719 | NS      | $578787.22    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| K+s Ag                                                     | K+S AG                                                                     | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               | CORP              | DE        |     82645 | NS      | $1435260.90   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/f                                             | Bakkafrost P/F                                                             | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               | CORP              | FO        |     11443 | NS      | $573612.91    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vallourec Saca                                             | Vallourec SACA                                                             | CUSIP: B197DR900<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | EC               | CORP              | FR        |     31202 | NS      | $576335.47    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                         | Liberty Energy, Inc.                                                       | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160923 | NS      | $1850614.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Trican Well Service Ltd                                    | Trican Well Service, Ltd.                                                  | CUSIP: 895945103<br>LEI: 5493003PMAE3KEW1DL91 | Long             | EC               | CORP              | CA        |    219348 | NS      | $644392.43    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Perseus Mining Ltd                                         | Perseus Mining, Ltd.                                                       | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |    843362 | NS      | $1809720.14   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                          | Suncor Energy, Inc.                                                        | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     57036 | NS      | $2014422.49   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Jiangxi Copper Co Ltd                                      | Jiangxi Copper Co., Ltd.                                                   | CUSIP: 600030902<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |    514310 | NS      | $866069.50    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Peyto Exploration & Development Corp                       | Peyto Exploration & Development Corp.                                      | CUSIP: 717046106<br>LEI: 98450004AE67F646C503 | Long             | EC               | CORP              | CA        |    111404 | NS      | $1394772.26   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Cf Industries Holdings Inc                                 | CF Industries Holdings, Inc.                                               | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      3460 | NS      | $271160.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                                      | Core Laboratories, Inc.                                                    | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47360 | NS      | $538483.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Kumba Iron Ore Ltd                                         | Kumba Iron Ore, Ltd.                                                       | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     67061 | NS      | $1166278.26   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Hormel Foods Corp                                          | Hormel Foods Corp.                                                         | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     51210 | NS      | $1531179.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Group Ltd                                            | Delek Group, Ltd.                                                          | CUSIP: N/A<br>LEI: 213800CYKA4XE2HZZB09       | Long             | EC               | CORP              | IL        |      6081 | NS      | $967198.25    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Omv Ag                                                     | OMV AG                                                                     | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |      3293 | NS      | $169960.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Prairiesky Royalty Ltd                                     | PrairieSky Royalty, Ltd.                                                   | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     57380 | NS      | $966045.12    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Devon Energy Corp                                          | Devon Energy Corp.                                                         | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     91356 | NS      | $2778135.96   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Meiji Holdings Co Ltd                                      | MEIJI Holdings Co., Ltd.                                                   | CUSIP: N/A<br>LEI: 5299002D52YIP6DWMV49       | Long             | EC               | CORP              | JP        |     70703 | NS      | $1737658.01   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaalco Energy Inc                                          | VAALCO Energy, Inc.                                                        | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Long             | EC               | CORP              | US        |     62776 | NS      | $205277.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                                    | Darling Ingredients, Inc.                                                  | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     66197 | NS      | $2130881.43   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Adecoagro Sa                                               | Adecoagro SA                                                               | CUSIP: L00849106<br>LEI: 529900Q00UR5LFELO811 | Long             | EC               | CORP              | LU        |     74227 | NS      | $693280.18    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cnh Industrial Nv                                          | CNH Industrial NV                                                          | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     74343 | NS      | $860148.51    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/s                                    | Vestas Wind Systems A/S                                                    | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     83230 | NS      | $1102238.55   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                     | Agnico Eagle Mines, Ltd.                                                   | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     34463 | NS      | $4052159.54   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                             | Royal Gold, Inc.                                                           | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      3828 | NS      | $699413.88    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings Nv                                    | Expro Group Holdings NV                                                    | CUSIP: N3144W105<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |    132030 | NS      | $1091888.10   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ces Energy Solutions Corp                                  | CES Energy Solutions Corp.                                                 | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |    126168 | NS      | $556435.11    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ero Copper Corp                                            | ERO Copper Corp.                                                           | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     61149 | NS      | $763808.05    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Noble Corp Plc                                             | Noble Corp. PLC                                                            | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     29549 | NS      | $642395.26    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                             | California Water Service Group                                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     25440 | NS      | $1288536.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden Ab                                                 | Boliden AB                                                                 | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |    130028 | NS      | $3983372.90   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent Plc                                           | Severn Trent PLC                                                           | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |     44410 | NS      | $1651259.40   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                                            | Lundin Gold, Inc.                                                          | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     32169 | NS      | $1312101.31   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Dowa Holdings Co Ltd                                       | Dowa Holdings Co., Ltd.                                                    | CUSIP: N/A<br>LEI: 353800ZSQZKFE140A689       | Long             | EC               | CORP              | JP        |     24935 | NS      | $798380.40    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Iamgold Corp                                               | IAMGOLD Corp.                                                              | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    140428 | NS      | $994230.24    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Titanium Technologies Co Ltd                         | OSAKA Titanium Technologies Co., Ltd.                                      | CUSIP: N/A<br>LEI: 529900HGCI4F5WM6OE59       | Long             | EC               | CORP              | JP        |    100574 | NS      | $1160631.56   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Aker Bp Asa                                                | Aker BP ASA                                                                | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |    125128 | NS      | $2684561.74   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals Inc                                 | Dundee Precious Metals, Inc.                                               | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     64664 | NS      | $847583.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Arc Resources Ltd                                          | ARC Resources, Ltd.                                                        | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     55450 | NS      | $1026062.31   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                                    | Titan International, Inc.                                                  | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     79624 | NS      | $585236.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Voestalpine Ag                                             | voestalpine AG                                                             | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |     40684 | NS      | $1067417.49   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies Nv                                        | Technip Energies NV                                                        | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |     32494 | NS      | $1108005.17   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola Sa                                               | Iberdrola SA                                                               | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |      8580 | NS      | $154496.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                       | Capstone Copper Corp.                                                      | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    327280 | NS      | $1576337.73   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd                                        | Iluka Resources, Ltd.                                                      | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |    599842 | NS      | $1594547.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Erg Spa                                                    | ERG SpA                                                                    | CUSIP: N/A<br>LEI: 8156004604684CA44A90       | Long             | EC               | CORP              | IT        |     45411 | NS      | $926503.13    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Corteva Inc                                                | Corteva, Inc.                                                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     46436 | NS      | $2878567.64   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | State Street Navigator Securities lending Prime Portfolio                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone Sa                                                  | Danone SA                                                                  | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     23297 | NS      | $2004735.45   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                                                | Kubota Corp.                                                               | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |     86860 | NS      | $1004193.45   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 Sa                                                | Subsea 7 SA                                                                | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | LU        |     36344 | NS      | $546728.57    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker Solutions Asa                                         | Aker Solutions ASA                                                         | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |    255987 | NS      | $690446.89    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                       | Range Resources Corp.                                                      | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      3937 | NS      | $133582.41    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Propetro Holding Corp                                      | ProPetro Holding Corp.                                                     | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    312951 | NS      | $1558495.98   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                                   | Torex Gold Resources, Inc.                                                 | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     21103 | NS      | $683482.48    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Deterra Royalties Ltd                                      | Deterra Royalties, Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    415129 | NS      | $970573.71    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Forestry Co Ltd                                   | Sumitomo Forestry Co., Ltd.                                                | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |     91726 | NS      | $2635406.41   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| China Petroleum & Chemical Corp                            | China Petroleum & Chemical Corp.                                           | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | NUSS              | CN        |   1580513 | NS      | $809045.93    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                               | Newmont Corp. - CDI                                                        | CUSIP: N/A<br>LEI: 549300VSP3RIX7FGDZ51       | Long             | EC               | CORP              | US        |      4978 | NS      | $261692.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandfire Resources Ltd                                     | Sandfire Resources NL                                                      | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |    146235 | NS      | $933897.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| China Oilfield Services Ltd                                | China Oilfield Services Ltd.                                               | CUSIP: N/A<br>LEI: 529900J4X53VL8QQW675       | Long             | EC               | NUSS              | CN        |    604812 | NS      | $473362.32    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                                        | Tourmaline Oil Corp.                                                       | CUSIP: 89156V106<br>LEI: 894500A5J1WTJ2WIUU03 | Long             | EC               | CORP              | CA        |     34728 | NS      | $1534118.09   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Meg Energy Corp                                            | MEG Energy Corp.                                                           | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    207704 | NS      | $2913822.25   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Guangdong Investment Ltd                                   | Guangdong Investment, Ltd.                                                 | CUSIP: 691316004<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   1317234 | NS      | $1066613.74   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/the                                              | Mosaic Co.                                                                 | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     61186 | NS      | $1860054.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Jinkosolar Holding Co Ltd                                  | JinkoSolar Holding Co., Ltd.                                               | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | KY        |    118131 | NS      | $2027127.96   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** FINANCIAL INVESTORS TRUST

**Signature:** Paul Holland

**Name of Signer:** Paul Holland

**Title:** Treasurer