# EDGAR Filing Document

**Accession Number:** 0001438893
**File Stem:** 0000940400-26-023144
**Filing Date:** 2026-6
**Character Count:** 98323
**Document Hash:** 7b32dda06facac859f603f2095fe3661
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023144.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023144

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GAMCO Natural Resources, Gold & Income Trust
- **CENTRAL INDEX KEY:** 0001438893

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22216
- **FILM NUMBER:** 261049139

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 914-921-5100

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAMCO Natural Resources, Gold & Income Trust by Gabelli
- **DATE OF NAME CHANGE:** 20120106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gabelli Natural Resources, Gold & Income Trust
- **DATE OF NAME CHANGE:** 20080717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gabelli Gold & Income Trust
- **DATE OF NAME CHANGE:** 20080630

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GAMCO Natural Resources, Gold & Income Trust

- **b. Investment Company Act file number:** 811-22216

- **c. CIK number of Registrant:** 0001438893

- **d. LEI of Registrant:** 23EBEGZ81713Q1VCP222

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

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

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

- **a. Name of Series:** GAMCO Natural Resources, Gold & Income Trust

- **c. LEI of Series:** 23EBEGZ81713Q1VCP222

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $177955886.11

**Total Liabilities:** $37314319.80

**Net Assets:** $140641566.31

**Cash Not Reported:** $1885676.10

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 173.67831000 | **5-Year:** 1803.00862000 | **10-Year:** 253.66359000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 44.39558000 | **1-Year:** 78.10140000 | **5-Year:** 5.69175000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 5.82%                | 17.78%               | -8.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2538498.02              | $11882122.10                               |
| Month 2  | $3812329.96              | $11114357.99                               |
| Month 3  | $1893823.27              | $-19558916.22                              |

**Designated Index Information**

- **Index Name:** GAMCO Natural Resources Gold & Income Trust_Ex Derivatives BM

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Occidental Petroleum Corp.               | Occidental Petroleum Corp. COM             | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     12300 | NS      | $799500.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc                 | Darling Ingredients, Inc COM               | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     21000 | NS      | $1298850.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | DEVON ENERGY CORP                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -50 | NC      | $-53722.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | BUNGE GLOBAL SA                            | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |       -50 | NC      | $-108058.51   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | EQX A 2026-04-17 CALL 20                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -73 | NC      | $-365.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | NEWMONT CORP                               | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -72 | NC      | $-99317.17    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | HALLIBURTON CO                             | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |       -66 | NC      | $-62796.10    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | KINDER MORGAN INC                          | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -81 | NC      | $-10569.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | GDX A 2026-04-17 PUT 75                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -270 | NC      | $-13500.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | RIO TINTO PLC                              | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -65 | NC      | $-61165.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | WPM A 2026-06-18 CALL 160                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -37 | NC      | $-12580.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | GOLD FIELDS LTD                            | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |       -67 | NC      | $-8282.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | RGLD A 2026-06-18 CALL 320                 | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-14300.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | PAAS A 2026-11-20 CALL 80                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -84 | NC      | $-33600.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | EOG RESOURCES INC                          | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -36 | NC      | $-99109.27    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | EXXON MOBIL CORP                           | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |       -32 | NC      | $-47127.64    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | ZOETIS INC                                 | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -61 | NC      | $-1079.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | AEM A 2026-04-17 CALL 190                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -11 | NC      | $-17600.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                         | The Toro Company COM                       | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     10500 | NS      | $981120.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | G MINING VENTURES CORP                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -165 | NC      | $-61614.30    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| AngloGold Ashanti Holdings PLC           | ANGSJ 3.75 10/01/30                        | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    750000 | PA      | $726941.57    | 0.52%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SLB LTD                                  | SLB Ltd. COM STK                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     26500 | NS      | $1361835.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 06/11/26                               | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1065000 | PA      | $1057446.90   | 0.75%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Franco Nevada Corp                       | Franco Nevada Corp COM                     | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      3100 | NS      | $765855.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | COTERRA ENERGY INC                         | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |       -52 | NC      | $-37437.65    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | TARGA RESOURCES CORP                       | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -17 | NC      | $-94134.54    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | EOG RESOURCES INC                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -33 | NC      | $-57476.01    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| G MINING VENTURES CORP (NEW)             | G Mining Ventures Corp COM                 | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     57050 | NS      | $2002142.91   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | EXXON MOBIL CORP                           | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -73 | NC      | $-397668.64   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| Tyson Foods, Inc.                        | Tyson Foods, Inc. CL A                     | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     36800 | NS      | $2357776.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | FMC CORP                                   | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -65 | NC      | $-0.11        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | TYSON FOODS INC                            | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -110 | NC      | $-64611.39    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | NUTRIEN LTD                                | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |      -151 | NC      | $-59487.31    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Global SA                          | Bunge Global SA COM SHS                    | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     15000 | NS      | $1908000.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                | Shell PLC SPON ADS                         | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     27000 | NS      | $2511000.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | GOLD FIELDS LTD                            | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -14 | NC      | $-3977.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Americas Gold & Silver Corporation       | Americas Gold & Silver Corporation COM NEW | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |    248000 | NS      | $1294285.10   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp                    | Discovery Silver Corp COM                  | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |    199000 | NS      | $1278887.21   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 04/23/26                               | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3300000 | PA      | $3292681.52   | 2.34%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | ONEOK INC                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       -45 | NC      | $-14365.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Gold, Inc.                         | Royal Gold, Inc. COM                       | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      6515 | NS      | $1658002.35   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                      | Halliburton Company COM                    | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     18600 | NS      | $725214.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 06/25/26                               | CUSIP: 912797TE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4040000 | PA      | $4005818.97   | 2.85%             | 2026-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | BAKER HUGHES CO                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -74 | NC      | $-57279.10    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | CTVA A 2026-05-15 CALL 80                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -135 | NC      | $-78300.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | ENDEAVOUR MINING PLC                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -181 | NC      | $-71123.54    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                              | Nutrien Ltd COM                            | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     45100 | NS      | $3403246.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | K92 MINING INC                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -380 | NC      | $-21330.95    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | ARCHER-DANIELS-MIDLAND CO                  | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -140 | NC      | $-160520.39   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | TARGA RESOURCES CORP                       | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-86515.69    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 05/14/26                               | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4325000 | PA      | $4306237.59   | 3.06%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | BARRICK MINING CORP                        | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |      -129 | NC      | $-3327.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | ARIS MINING CORP                           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -250 | NC      | $-45926.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | CONOCOPHILLIPS                             | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |       -40 | NC      | $-85281.25    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | GLENCORE PLC                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -35 | NC      | $-31765.60    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                      | Kinder Morgan, Inc. COM                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     35000 | NS      | $1173550.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BMO NESBITT BURNS INC.                   | FRANCO-NEVADA CORP                         | CUSIP: 000000000<br>LEI: M3LKFDNSJGJ7TMLH6Z15 | N/A              | DE               | CORP              | CA        |       -31 | NC      | $-140047.98   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | BARRICK MINING CORP                        | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |      -151 | NC      | $-23005.85    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp.                | Pan American Silver Corp. COM              | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     27300 | NS      | $1491399.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | EQUINOX GOLD CORP                          | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -438 | NC      | $-46942.26    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | EOG RESOURCES INC                          | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -36 | NC      | $-116330.19   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| APA Corp.                                | APA Corp. COM                              | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      8400 | NS      | $356496.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd New                      | Orla Mining Ltd New COM                    | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |     93200 | NS      | $1503316.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | WILLIAMS COS INC/THE                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |       -84 | NC      | $-66897.52    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | K92 MINING INC                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -358 | NC      | $-19347.16    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | PHILLIPS 66                                | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-105189.72   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | RGLD A 2026-04-17 CALL 300                 | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -21 | NC      | $-1680.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                      | Valero Energy Corp. COM                    | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      6500 | NS      | $1606020.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | FREEPORT-MCMORAN INC                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -247 | NC      | $-231416.20   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | ENDEAVOUR MINING PLC                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -170 | NC      | $-74730.73    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | PAN AMERICAN SILVER CORP                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |       -95 | NC      | $-30942.88    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | CONOCOPHILLIPS                             | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |       -40 | NC      | $-109075.18   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Ramelius Resources Ltd.                  | Ramelius Resources Ltd. NPV                | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |    262714 | NS      | $665222.45    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | COTERRA ENERGY INC                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       -17 | NC      | $-6217.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | AGCO CORP                                  | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |       -20 | NC      | $-12801.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | CONOCOPHILLIPS                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       -41 | NC      | $-131513.20   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Equinox Gold Corp                        | Equinox Gold Corp COM                      | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |     98245 | NS      | $1418835.49   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | BUNGE GLOBAL SA                            | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |       -50 | NC      | $-39269.58    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | DPM METALS INC                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -210 | NC      | $-49387.26    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Alamos Gold Inc.                         | Alamos Gold Inc. COM CL A                  | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     61000 | NS      | $2710230.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 06/18/26                               | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4670000 | PA      | $4633675.20   | 3.29%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | MOWI ASA                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-26843.57    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Anglogold Ashanti PLC                    | Anglogold Ashanti PLC COM SHS              | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     16856 | NS      | $1641100.16   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORP                        | Kinross Gold Corp                          | CUSIP: 496902AR8<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1386627.74   | 0.99%             | 2033-07-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Oneok Inc.                               | Oneok Inc. COM                             | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     12000 | NS      | $1084680.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | BP PLC                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -101 | NC      | $-59676.06    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENI SPA                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -20 | NC      | $-68915.37    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CF Industries Holdings, Inc.             | CF Industries Holdings, Inc. COM           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     19855 | NS      | $2577973.20   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS SECURITIES LLC                       | EQT CORP                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               | CORP              | US        |       -46 | NC      | $-22769.61    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | AGI A 2026-09-18 CALL 65                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -220 | NC      | $-40260.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | WHEATON PRECIOUS METALS CORP               | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -48 | NC      | $-21416.81    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | EQT CORP                                   | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -48 | NC      | $-31852.94    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | CORTEVA INC                                | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |      -150 | NC      | $-137817.29   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | TOTALENERGIES SE                           | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |       -71 | NC      | $-105771.94   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | CF INDUSTRIES HOLDINGS INC                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -65 | NC      | $-262564.78   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | IAG A 2026-06-18 CALL 20                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -366 | NC      | $-68808.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                       | Coterra Energy Inc COM                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     13800 | NS      | $484932.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                      | Newmont Corporation COM                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     61200 | NS      | $6624900.00   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | DIAMONDBACK ENERGY INC                     | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |       -12 | NC      | $-45883.83    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | TORO CO/THE                                | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |       -60 | NC      | $-2109.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | ELANCO ANIMAL HEALTH INC                   | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-22190.71    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co.               | Archer-Daniels-Midland Co. COM             | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     43000 | NS      | $3125670.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | HALLIBURTON CO                             | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |       -52 | NC      | $-72791.96    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                   | BP PLC SPONSORED ADR                       | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     26100 | NS      | $1226700.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | ONEOK INC                                  | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -38 | NC      | $-40662.12    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                           | BHP Group Ltd. SPONSORED ADS               | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     50500 | NS      | $3673370.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                       | The Mosaic Company COM                     | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     37500 | NS      | $956250.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | GDX A 2026-12-18 PUT 69                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -291 | NC      | $-126585.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | EXXON MOBIL CORP                           | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -74 | NC      | $-275391.43   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | DARLING INGREDIENTS INC                    | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -70 | NC      | $-157944.63   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Aris Mining Corp.                        | Aris Mining Corp. COM                      | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |     52500 | NS      | $974822.08    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | EQT CORP                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |       -40 | NC      | $-34727.15    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | TYSON FOODS INC                            | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |      -120 | NC      | $-51495.50    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | SHELL PLC                                  | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -93 | NC      | $-77843.34    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | SLB LTD                                    | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |       -84 | NC      | $-45369.75    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | RIO TINTO PLC                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -128 | NC      | $-27901.53    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | BAKER HUGHES CO                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -70 | NC      | $-69679.03    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | ORLA MINING LTD                            | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -466 | NC      | $-153405.57   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd.             | Northern Star Resources Ltd. NPV           | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    246516 | NS      | $3462904.42   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | TARGA RESOURCES CORP                       | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-22572.39    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | DEERE & CO                                 | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-77548.66    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | BARRICK MINING CORP                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -165 | NC      | $-65871.07    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | AGCO CORP                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |       -20 | NC      | $-6161.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Corteva Inc                              | Corteva Inc COM                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     40000 | NS      | $3348400.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | MOSAIC CO/THE                              | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -125 | NC      | $-13308.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | AGI A 2026-06-18 CALL 48                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -226 | NC      | $-78648.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Company                     | HL 7.25 02/15/28                           | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |    374000 | PA      | $373954.77    | 0.27%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | PAN AMERICAN SILVER CORP                   | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -89 | NC      | $-10945.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                         | TotalEnergies SE EUR2.5                    | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     17400 | NS      | $1583052.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                 | Bayer AG NPV (REGD)                        | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     60000 | NS      | $2731389.14   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | DEVON ENERGY CORP                          | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |       -62 | NC      | $-16129.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | GOLD FIELDS LTD                            | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |       -70 | NC      | $-60152.97    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET FINANCIAL LIMITED            | DIAMONDBACK ENERGY INC                     | CUSIP: 000000000<br>LEI: 549300ZHEHX8M31RP142 | N/A              | DE               | CORP              | GB        |        -5 | NC      | $-20454.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | CNH INDUSTRIAL NV                          | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -400 | NC      | $-5103.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                            | Rio Tinto PLC SPONSORED ADR                | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     31300 | NS      | $2919977.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | GDX A 2026-05-15 PUT 70                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -555 | NC      | $-49950.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | APA CORP                                   | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |       -84 | NC      | $-108999.06   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | OCCIDENTAL PETROLEUM CORP                  | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -20 | NC      | $-35297.47    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc.                              | Zoetis Inc. CL A                           | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     18200 | NS      | $2151422.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                    | Targa Resources Corp. COM                  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      4300 | NS      | $1078139.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                             | IMGCN 5.75 10/15/28 144A                   | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $497877.90    | 0.35%             | 2028-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | LUNDIN GOLD INC                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |       -62 | NC      | $-14763.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                        | Exxon Mobil Corp. COM                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     34407 | NS      | $5837491.62   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | CTVA A 2026-09-18 CALL 85                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -105 | NC      | $-67515.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | GLENCORE PLC                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -40 | NC      | $-27863.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC              | WHEATON PRECIOUS METALS CORP               | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               | CORP              | US        |       -14 | NC      | $-6246.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                     | Endeavour Mining PLC ORD USD0.01           | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     48885 | NS      | $2931132.09   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                             | IAMGOLD Corp COM                           | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     78800 | NS      | $1483016.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)            | Williams Companies Inc. (The) COM          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     19200 | NS      | $1397376.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | ZOETIS INC                                 | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |       -60 | NC      | $-3499.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | SLB LTD                                    | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -79 | NC      | $-93559.61    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 06/04/26                               | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    190000 | PA      | $188780.20    | 0.13%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | CHEVRON CORP                               | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |       -35 | NC      | $-111321.26   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp                       | Eldorado Gold Corp COM                     | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |     55200 | NS      | $1895016.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | MOSAIC CO/THE                              | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -125 | NC      | $-87.23       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                  | Eni SpA NPV                                | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     29500 | NS      | $847324.74    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | CHEVRON CORP                               | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |       -46 | NC      | $-92781.84    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | RIO TINTO PLC                              | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -135 | NC      | $-50791.12    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | TORO CO/THE                                | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -45 | NC      | $-61863.49    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 05/07/26                               | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2135000 | PA      | $2127217.93   | 1.51%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                   | Diamondback Energy Inc COM                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4100 | NS      | $810939.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                          | EQT Corporation COM                        | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     13400 | NS      | $852776.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | KINDER MORGAN INC                          | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |      -137 | NC      | $-73831.19    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | TOTALENERGIES SE                           | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -73 | NC      | $-95794.63    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | WILLIAMS COS INC/THE                       | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -29 | NC      | $-7546.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                       | EOG Resources Inc. COM                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     10500 | NS      | $1517985.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Agco Corporation                         | Agco Corporation COM                       | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      6000 | NS      | $695220.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | BUNGE GLOBAL SA                            | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -50 | NC      | $-153816.33   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Montage Gold Corp                        | Montage Gold Corp                          | CUSIP: 61178L101<br>LEI: 9845004C6BCE77ACA795 | Long             | EC               | CORP              | CA        |     60000 | NS      | $682769.03    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | ZOETIS INC                                 | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |       -61 | NC      | $-44872.74    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIED GOLD CORP                         | Allied Gold Corp                           | CUSIP: 01921DAA3<br>LEI: 894500S5G4JFSRGK8L37 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $1505647.50   | 1.07%             | 2028-09-07      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | BAKER HUGHES CO                            | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -58 | NC      | $-20501.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | DEERE & CO                                 | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |       -26 | NC      | $-186253.22   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                    | Freeport-McMoRan Inc. CL B                 | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     70500 | NS      | $4143990.00   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | TOTALENERGIES SE                           | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -30 | NC      | $-18649.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | DARLING INGREDIENTS INC                    | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |       -70 | NC      | $-132295.44   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | KGC A 2026-05-15 CALL 42                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -328 | NC      | $-15744.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                        | Suncor Energy Inc. COM                     | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     11900 | NS      | $786709.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | SUNCOR ENERGY INC                          | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -40 | NC      | $-38890.77    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | ROYAL GOLD INC                             | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |       -15 | NC      | $-15506.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deere & Company                          | Deere & Company COM                        | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      7400 | NS      | $4168420.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                 | DVN 4.5 01/15/30                           | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79756.51     | 0.06%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                   | Agnico Eagle Mines Ltd COM                 | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      1900 | NS      | $385662.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                     | Baker Hughes Company CL A                  | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20200 | NS      | $1233210.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | G MINING VENTURES CORP                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -213 | NC      | $-39705.90    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | FREEPORT-MCMORAN INC                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -268 | NC      | $-374765.44   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | CNH INDUSTRIAL NV                          | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -400 | NC      | $-35589.52    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 05/21/26                               | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8760000 | PA      | $8715941.49   | 6.20%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westgold Resources Ltd.                  | Westgold Resources Ltd. NPV                | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |    712417 | NS      | $2895124.12   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | DIAMONDBACK ENERGY INC                     | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -10 | NC      | $-39193.54    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | MOWI ASA                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -245 | NC      | $-1464.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | AGI A 2026-06-18 CALL 55                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -105 | NC      | $-17850.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | NEWMONT CORP                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -157 | NC      | $-12580.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp.                     | Barrick Mining Corp. COM SHS               | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     45200 | NS      | $1843708.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | STATE STREET ENERGY SELECT SECTOR SPDR ETF | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |      -510 | NC      | $-148377.11   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS SECURITIES LLC                       | NUTRIEN LTD                                | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               | CORP              | US        |      -130 | NC      | $-51090.20    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | EXXON MOBIL CORP                           | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |       -93 | NC      | $-266668.04   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | EXPAND ENERGY CORP                         | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-12373.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | VALERO ENERGY CORP                         | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |       -24 | NC      | $-138089.83   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | NEWMONT CORP                               | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -180 | NC      | $-75245.24    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | FCX A 2026-08-21 CALL 80                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -77 | NC      | $-16555.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENI SPA                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -17 | NC      | $-13698.47    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | SHELL PLC                                  | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |       -75 | NC      | $-38258.48    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | CHEVRON CORP                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |       -34 | NC      | $-41810.20    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                          | Gold Fields Ltd SPONSORED ADR              | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     15100 | NS      | $685540.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | EGO A 2026-05-15 CALL 42                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-975.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BMO NESBITT BURNS INC.                   | ANGLOGOLD ASHANTI PLC                      | CUSIP: 000000000<br>LEI: M3LKFDNSJGJ7TMLH6Z15 | N/A              | DE               | CORP              | CA        |       -75 | NC      | $-30239.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd.                    | Evolution Mining Ltd. NPV                  | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |    112282 | NS      | $977658.35    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | DPM METALS INC                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -190 | NC      | $-56869.77    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | NEM A 2026-06-18 CALL 135                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |      -180 | NC      | $-51660.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | VALERO ENERGY CORP                         | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-129726.52   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                    | FCX 4.125 03/01/28                         | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    750000 | PA      | $744883.85    | 0.53%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Equinox Gold Corp                        | Equinox Gold Corp COM                      | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |     40700 | NS      | $588522.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | EQUINOX GOLD CORP                          | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |      -338 | NC      | $-1853.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | MOSAIC CO/THE                              | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -125 | NC      | $-10936.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | ONEOK INC                                  | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |       -37 | NC      | $-13344.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OPPENHEIMER & CO. INC.                   | OCCIDENTAL PETROLEUM CORP                  | CUSIP: 000000000<br>LEI: 254900VH02JQR2L8XD64 | N/A              | DE               | CORP              | US        |       -25 | NC      | $-27637.03    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ENI SPA                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-106448.58   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                 | PHILLIPS 66                                | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | N/A              | DE               | CORP              | US        |       -17 | NC      | $-38874.35    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                                 | Mowi ASA NOK7.50                           | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     73000 | NS      | $1655578.39   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                 | Elanco Animal Health Inc COM               | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     37500 | NS      | $897375.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                      | Expand Energy Corp. COM                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      4400 | NS      | $483032.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | DPM METALS INC                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -158 | NC      | $-36387.52    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | MARATHON PETROLEUM CORP                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |       -24 | NC      | $-97444.53    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | PHILLIPS 66                                | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-95318.10    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL NV                        | CNH Industrial N.V. COM EUR0.01            | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     80500 | NS      | $885500.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                   | Yara International ASA NOK1.7              | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |      8900 | NS      | $518398.41    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PIPER SANDLER COMPANIES                  | EQUINOX GOLD CORP                          | CUSIP: 000000000<br>LEI: QUQDBTUSOAKFEVMRMF78 | N/A              | DE               | CORP              | US        |      -540 | NC      | $-45595.49    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | NORTHERN STAR RESOURCES LTD                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -534 | NC      | $-738.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                              | Phillips 66 COM                            | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      8600 | NS      | $1566748.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | MARATHON PETROLEUM CORP                    | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -23 | NC      | $-128294.45   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | WILLIAMS COS INC/THE                       | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -77 | NC      | $-14115.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC               | KINDER MORGAN INC                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -132 | NC      | $-70907.83    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | ENDEAVOUR MINING PLC                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -138 | NC      | $-56676.01    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL              | SHELL PLC                                  | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               | CORP              | GB        |       -90 | NC      | $-154003.81   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | DIAMONDBACK ENERGY INC                     | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -14 | NC      | $-40252.90    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | DEERE & CO                                 | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |       -26 | NC      | $-130885.52   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                             | Glencore PLC ORD USD0.01                   | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |     75000 | NS      | $561371.85    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | BHP GROUP LTD                              | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |      -160 | NC      | $-218547.02   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.            | BHP GROUP LTD                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               | CORP              | US        |      -177 | NC      | $-139537.33   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BELLEVUE GOLD LTD                        | Bellevue Gold Ltd. NPV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    636965 | NS      | $654816.26    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 04/30/26                               | CUSIP: 912797SN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    845000 | PA      | $842534.53    | 0.60%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | TYSON FOODS INC                            | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -138 | NC      | $-58410.69    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | OCCIDENTAL PETROLEUM CORP                  | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |       -51 | NC      | $-31768.46    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | DAR A 2026-04-17 CALL 40                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -70 | NC      | $-159320.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| EVERCORE GROUP L.L.C.                    | MARATHON PETROLEUM CORP                    | CUSIP: 000000000<br>LEI: 5493008F0LRLS5N8LZ81 | N/A              | DE               | CORP              | US        |        -8 | NC      | $-10836.06    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc.                          | DPM Metals Inc. COM                        | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     55800 | NS      | $1964692.69   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | OCCIDENTAL PETROLEUM CORP                  | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -27 | NC      | $-52317.97    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd.                      | Perseus Mining Ltd. NPV                    | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    627334 | NS      | $2229069.83   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                 | Devon Energy Corporation COM               | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     11200 | NS      | $563584.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | K92 MINING INC                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -362 | NC      | $-17355.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Artemis Gold Inc                         | Artemis Gold Inc COM                       | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |     70000 | NS      | $1899575.88   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | STATE STREET ENERGY SELECT SECTOR SPDR ETF | CUSIP: 000000000<br>LEI: 5WUVMA08EYG4KEUPW589 | N/A              | DE               | CORP              | US        |      -456 | NC      | $-89.33       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips COM                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     12100 | NS      | $1597200.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                 | Marathon Petroleum Corp. COM               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      5500 | NS      | $1342990.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | ANGLOGOLD ASHANTI PLC                      | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |       -75 | NC      | $-29657.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | CF INDUSTRIES HOLDINGS INC                 | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |       -65 | NC      | $-225523.18   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | ARCHER-DANIELS-MIDLAND CO                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -130 | NC      | $-97921.17    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                 | BP PLC                                     | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | N/A              | DE               | CORP              | US        |       -93 | NC      | $-129715.63   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | OCEANAGOLD CORP                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -130 | NC      | $-16906.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | G MINING VENTURES CORP                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      -112 | NC      | $-36646.94    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corporation      | Wheaton Precious Metals Corporation COM    | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      9950 | NS      | $1303549.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES & ASSOCIATES, INC.         | NUTRIEN LTD                                | CUSIP: 000000000<br>LEI: U4ONQX15J3RO8XCKE979 | N/A              | DE               | CORP              | US        |      -170 | NC      | $-183383.90   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC              | VALERO ENERGY CORP                         | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DE               | CORP              | US        |       -19 | NC      | $-35532.71    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Aya Gold & Silver Inc                    | Aya Gold & Silver Inc COM                  | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |     24000 | NS      | $366098.77    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN STAR RESOU                      | Northern Star Resources Ltd                | CUSIP: 66573RAA6<br>LEI: 254900XFXCRYYZAX6M78 | Long             | DBT              | CORP              | AU        |   1750000 | PA      | $1811313.00   | 1.29%             | 2033-04-11      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| OceanaGold Corp.                         | OceanaGold Corp. COM NEW                   | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     45366 | NS      | $1430344.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | CHEVRON CORP                               | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -67 | NC      | $-183020.63   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP                             | Chevron Corp. COM                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18214 | NS      | $3768476.60   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET EXECUTION SERVICES, LLC      | SUNCOR ENERGY INC                          | CUSIP: 000000000<br>LEI: 549300HXJLXCPDWAH070 | N/A              | DE               | CORP              | US        |       -44 | NC      | $-94073.27    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                       | Kinross Gold Corp. COM                     | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    100200 | NS      | $3058104.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mng Inc                              | K92 Mng Inc COM NPV                        | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |    110000 | NS      | $1866939.83   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                 | MOWI ASA                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |      -245 | NC      | $-5042.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Gold Inc                          | Lundin Gold Inc COM NPV                    | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      9000 | NS      | $687793.83    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.                  | CF INDUSTRIES HOLDINGS INC                 | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |       -62 | NC      | $-119258.64   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | ARCHER-DANIELS-MIDLAND CO                  | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |      -160 | NC      | $-127399.46   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| ROTH CAPITAL PARTNERS, LLC               | EXPAND ENERGY CORP                         | CUSIP: 000000000<br>LEI: 549300FMF3TPT1HFRF48 | N/A              | DE               | CORP              | US        |       -22 | NC      | $-8336.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STRATEGAS SECURITIES, LLC                | SUNCOR ENERGY INC                          | CUSIP: 000000000<br>LEI: 254900D5NQ2O9DJLKH96 | N/A              | DE               | CORP              | US        |       -35 | NC      | $-86551.28    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                  | G MINING VENTURES CORP                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |       -80 | NC      | $-19969.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 05/28/26                               | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2120000 | PA      | $2107842.16   | 1.50%             | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION         | AGCO A 2026-08-21 CALL 155                 | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -20 | NC      | $-6600.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** GAMCO Natural Resources, Gold & Income Trust

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer