| SPDR Gold MiniShares Trust(GLDM.US) | 6.96 | 105,518 |
| Shell(SHEL.US) | 3.01 | 45,525 |
| Exxon Mobil(XOM.US) | 2.69 | 22,243 |
| ENGIE /EUR/ | 2.63 | 115,749 |
| GE Vernova(GEV.US) | 2.51 | 4,039 |
| E.ON SE /EUR/ | 2.23 | 143,346 |
| Lockheed Martin(LMT.US) | 2.21 | 5,135 |
| ABB LTD-REG /CHF/(ABBN.US) | 1.99 | 35,569 |
| SIEMENS ENERGY AG /EUR/ | 1.93 | 16,527 |
| Simon Property Group Inc.(SPG.US) | 1.92 | 14,490 |
| AIR LIQUIDE SA /EUR/ | 1.86 | 12,761 |
| Rio Tinto(RIO.US) | 1.77 | 26,663 |
| Halliburton(HAL.US) | 1.68 | 60,557 |
| Howmet Aerospace(HWM.US) | 1.67 | 10,152 |
| Canadian Natural Resources Ltd.(CNQ.US) | 1.67 | 48,302 |
| EOG Resources, Inc.(EOG.US) | 1.65 | 16,034 |
| Constellation(CEG.US) | 1.63 | 8,224 |
| Freeport-McMoran(FCX.US) | 1.63 | 38,981 |
| Cummins(CMI.US) | 1.59 | 4,154 |
| American Electric Power(AEP.US) | 1.56 | 16,707 |
| Suncor Energy(SU.US) | 1.56 | 33,311 |
| VICI Properties(VICI.US) | 1.56 | 80,159 |
| ROLLS-ROYCE HOLDINGS PLC /GBP/ | 1.55 | 145,812 |
| Vertiv(VRT.US) | 1.54 | 8,616 |
| CBRE Group(CBRE.US) | 1.52 | 15,720 |
| SLB(SLB.US) | 1.50 | 40,981 |
| EQT(EQT.US) | 1.48 | 32,588 |
| Devon Energy(DVN.US) | 1.48 | 41,429 |
| TechnipFMC(FTI.US) | 1.40 | 28,376 |
| Exelon(EXC.US) | 1.38 | 39,559 |
| KEPCO(9503.JP) | 1.38 | 119,026 |
| Newmont(NEM.US) | 1.37 | 17,767 |
| Jones Lang LaSalle(JLL.US) | 1.33 | 6,145 |
| Antero Resources Corporation(AR.US) | 1.30 | 43,003 |
| Vistra(VST.US) | 1.24 | 11,569 |
| W. P. Carey(WPC.US) | 1.16 | 24,004 |
| Lamar Advertising(LAMR.US) | 1.14 | 12,651 |
| Host Hotels & Resorts(HST.US) | 1.11 | 81,375 |
| Mitsubishi Electric(6503.JP) | 1.06 | 47,537 |
| EMERA INC /CAD/ | 1.06 | 28,924 |
| Edison International(EIX.US) | 1.02 | 19,664 |
| ProShares Ultra Semiconductors(USD.US) | 0.99 | 1,387,507 |
| Bitwise Bitcoin ETF(BITB.US) | 0.96 | 36,760 |
| Gaming and Leisure Properties, I(GLPI.US) | 0.96 | 30,454 |
| CF Industries Holdings Inc.(CF.US) | 0.94 | 10,140 |
| Omega Healthcare Investors Inc.(OHI.US) | 0.92 | 29,384 |
| Comfort Systems USA(FIX.US) | 0.91 | 922 |
| NRG Energy(NRG.US) | 0.90 | 8,680 |
| SAFRAN SA /EUR/ | 0.90 | 3,942 |
| The AES Corporation(AES.US) | 0.87 | 86,501 |
| SANTOS LTD /AUD/ | 0.87 | 224,852 |
| Steel Dynamics(STLD.US) | 0.86 | 6,711 |
| AngloGold Ashanti(AU.US) | 0.82 | 11,766 |
| RHEINMETALL AG /EUR/ | 0.80 | 678 |
| Talen Energy(TLN.US) | 0.79 | 3,491 |
| FirstEnergy(FE.US) | 0.77 | 21,256 |
| CNX Resources(CNX.US) | 0.76 | 27,667 |
| Fujikura(5803.JP) | 0.70 | 38,106 |
| National Fuel Gas(NFG.US) | 0.69 | 10,362 |
| AerCap Holdings(AER.US) | 0.67 | 6,911 |
| NNN REIT(NNN.US) | 0.64 | 21,519 |
| Crown Holdings(CCK.US) | 0.62 | 8,750 |
| Carpenter Technology(CRS.US) | 0.62 | 2,223 |
| CareTrust REIT(CTRE.US) | 0.62 | 23,667 |
| Leidos(LDOS.US) | 0.60 | 5,422 |
| STAG Industrial Inc.(STAG.US) | 0.59 | 23,049 |
| Modec(6269.JP) | 0.59 | 9,000 |
| ATI(ATI.US) | 0.57 | 5,475 |
| NET OTHER ASSETS | 0.56 | 781,911 |
| EnerSys(ENS.US) | 0.54 | 4,375 |
| Mueller Industries, Inc.(MLI.US) | 0.53 | 6,745 |
| KAJIMA(1812.JP) | 0.53 | 20,129 |
| Sterling Infrastructure(STRL.US) | 0.52 | 1,795 |
| Powell Industries, Inc.(POWL.US) | 0.51 | 1,321 |
| Dycom(DY.US) | 0.47 | 1,969 |
| TAISEI(1801.JP) | 0.46 | 6,351 |
| abrdn Physical Silver Shares ETF(SIVR.US) | 0.45 | 8,851 |
| HOLCIM LTD /CHF/ | 0.44 | 7,645 |
| Commercial Metals Co.(CMC.US) | 0.44 | 9,952 |
| Sprott Junior Copper Miners ETF(COPJ.US) | 0.41 | 55,961 |
| Mitsui Kinzoku(5706.JP) | 0.38 | 3,046 |
| Bitwise Ethereum ETF(ETHW.US) | 0.09 | 8,151 |
| CASHJPY | 0.01 | 1,416,233 |
