{"entity_type":"fund","name":"T. Rowe Price Real Assets Fund, Inc.","identifiers":{"lei":"5493008NLR7XEV5QEO07","cik":"1486048","fund_id":"S000029428","fundkey":"t-rowe-price-real-assets-fund-inc"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2025-12-31","filing_date":"2026-02-26"},"summary":{"total_positions":370,"total_value_usd":12297171090.35,"asset_categories":["DBT","STIV","EP","DFE","EC"],"by_asset_category":{"EC":{"positions":345,"total_value_usd":11674290617.21},"DBT":{"positions":15,"total_value_usd":189624454.62},"STIV":{"positions":3,"total_value_usd":375821106.27},"EP":{"positions":6,"total_value_usd":57263270.95},"DFE":{"positions":1,"total_value_usd":171641.3}}},"holdings":[{"issuer_name":"WELLTOWER INC","title":"WELLTOWER INC","isin":"US95040Q1040","value_usd":338219098.83,"pct_val":3.1208593393,"balance":1822203,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EQUINIX INC","title":"EQUINIX INC","isin":"US29444U7000","value_usd":267539241.2,"pct_val":2.4686729473,"balance":349195,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"T. Rowe Price Government Reserve Fund","title":"T. Rowe Price Government Reserve Fund - Collateral","isin":null,"value_usd":245731824.65,"pct_val":2.055262825,"balance":245731824.65,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PROLOGIS INC","title":"PROLOGIS INC","isin":"US74340W1036","value_usd":241237825.4,"pct_val":2.2259810963,"balance":1889690,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BARRICK MINING CORP","title":"BARRICK MINING CORP","isin":"CA06849F1080","value_usd":240664605.73,"pct_val":2.2206918091,"balance":5524740,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BHP GROUP LTD","title":"BHP GROUP LTD","isin":"AU000000BHP4","value_usd":203574032.82,"pct_val":1.8784448417,"balance":6745523,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FREEPORT-MCMORAN INC","title":"FREEPORT-MCMORAN INC","isin":"US35671D8570","value_usd":167933122.59,"pct_val":1.5495743908,"balance":3306421,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SIMON PROPERTY GROUP INC","title":"SIMON PROPERTY GROUP INC","isin":"US8288061091","value_usd":156848515.86,"pct_val":1.4472930632,"balance":847326,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AGNICO EAGLE MINES LTD","title":"AGNICO EAGLE MINES LTD","isin":"CA0084741085","value_usd":152488282.39,"pct_val":1.4070597488,"balance":899200,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FRANCO-NEVADA CORP","title":"FRANCO-NEVADA CORP","isin":"CA3518581051","value_usd":147456420.3,"pct_val":1.3606290952,"balance":711368,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VENTAS INC","title":"VENTAS INC","isin":"US92276F1003","value_usd":139838814.6,"pct_val":1.2903389313,"balance":1807170,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SHELL PLC","title":"SHELL PLC","isin":"GB00BP6MXD84","value_usd":139317427.27,"pct_val":1.2855279182,"balance":3780432,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AMERICAN TOWER CORP","title":"AMERICAN TOWER CORP","isin":"US03027X1000","value_usd":133901796.33,"pct_val":1.2355561028,"balance":762669,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CHEVRON CORP","title":"CHEVRON CORP","isin":"US1667641005","value_usd":133145223.59,"pct_val":1.2285749562,"balance":873599,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EXXON MOBIL CORP","title":"EXXON MOBIL CORP","isin":"US30231G1022","value_usd":128774750.94,"pct_val":1.1882471615,"balance":1070091,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ISHARES US REAL ESTATE FD","title":"ISHARES U.S. REAL ESTATE ETF","isin":"US4642877397","value_usd":118637620.09,"pct_val":1.0947085068,"balance":1263581,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ESSEX PROPERTY TRUST INC","title":"ESSEX PROPERTY TRUST INC","isin":"US2971781057","value_usd":109994832.88,"pct_val":1.0149586545,"balance":420341,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ANGLOGOLD ASHANTI PLC","title":"ANGLOGOLD ASHANTI PLC","isin":"GB00BRXH2664","value_usd":106933417.37,"pct_val":0.9867099624,"balance":1241682,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"REXFORD INDUSTRIAL REALTY IN","title":"REXFORD INDUSTRIAL REALTY INC","isin":"US76169C1009","value_usd":106035804.16,"pct_val":0.9784273888,"balance":2738528,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"RIO TINTO PLC","title":"RIO TINTO PLC","isin":"GB0007188757","value_usd":105812173.76,"pct_val":0.9763638772,"balance":1313604,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CONOCOPHILLIPS","title":"CONOCOPHILLIPS","isin":"US20825C1045","value_usd":103554564.74,"pct_val":0.9555321731,"balance":1106234,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AVALONBAY COMMUNITIES INC","title":"AVALONBAY COMMUNITIES INC","isin":"US0534841012","value_usd":100805459.04,"pct_val":0.9301652668,"balance":555984,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GLOBAL X COPPER MINERS ETF","title":"GLOBAL X COPPER MINERS ETF","isin":"US37954Y8306","value_usd":99391890.99,"pct_val":0.9171218075,"balance":1384481,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EASTGROUP PROPERTIES INC","title":"EASTGROUP PROPERTIES INC","isin":"US2772761019","value_usd":95673649.8,"pct_val":0.8828123679,"balance":537070,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"REGENCY CENTERS CORP","title":"REGENCY CENTERS CORP","isin":"US7588491032","value_usd":94959186.66,"pct_val":0.8762197805,"balance":1375622,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GLENCORE PLC","title":"GLENCORE PLC","isin":"JE00B4T3BW64","value_usd":94002206.47,"pct_val":0.8673894082,"balance":17195541,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Anglo American PLC","title":"ANGLO AMERICAN PLC","isin":"GB00B1XZS820","value_usd":93490431.6,"pct_val":0.8905324097,"balance":3335564,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PUBLIC STORAGE","title":"PUBLIC STORAGE","isin":"US74460D1090","value_usd":91331025,"pct_val":0.8427415345,"balance":351950,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"VALTERRA PLATINUM LIMITED","title":"VALTERRA PLATINUM LTD","isin":"ZAE000013181","value_usd":90945399.86,"pct_val":0.839183244,"balance":1073881,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ZA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ZIJIN MINING GROUP CO LTD-H SHS","title":"ZIJIN MINING GROUP CO LTD","isin":"CNE100000502","value_usd":89783151.54,"pct_val":0.8284587948,"balance":19610000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GOLD FIELDS LTD","title":"GOLD FIELDS LTD","isin":"ZAE000018123","value_usd":89004612.88,"pct_val":0.8212749614,"balance":2041278,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ZA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EQUITY RESIDENTIAL","title":"EQUITY RESIDENTIAL","isin":"US29476L1070","value_usd":87659830.72,"pct_val":0.8088662123,"balance":1390543,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KINROSS GOLD CORP","title":"KINROSS GOLD CORP","isin":"CA4969024047","value_usd":87429510.43,"pct_val":0.8067409709,"balance":3104019,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"STEEL DYNAMICS INC","title":"STEEL DYNAMICS INC","isin":"US8581191009","value_usd":86731965.8,"pct_val":0.8003044962,"balance":511844,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EQUITY LIFESTYLE PROPERTIES","title":"EQUITY LIFESTYLE PROPERTIES INC","isin":"US29472R1086","value_usd":85577137.91,"pct_val":0.7896485178,"balance":1411931,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SUN COMMUNITIES INC","title":"SUN COMMUNITIES INC","isin":"US8666741041","value_usd":85455027.14,"pct_val":0.7885217614,"balance":689654,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WHEATON PRECIOUS METALS CORP","title":"WHEATON PRECIOUS METALS CORP","isin":"CA9628791027","value_usd":84934576.08,"pct_val":0.7837193875,"balance":722465,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"T. Rowe Price Government Reserve Fund","title":"T. Rowe Price Government Reserve Fund","isin":"US76105Y1091","value_usd":81092712.4,"pct_val":0.7482692424,"balance":81092712.4,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"LINDE PLC","title":"LINDE PLC","isin":"IE000S9YS762","value_usd":80508827.85,"pct_val":0.7428815468,"balance":188815,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DIGITAL REALTY TRUST INC","title":"DIGITAL REALTY TRUST INC","isin":"US2538681030","value_usd":79690192.74,"pct_val":0.7353277302,"balance":515094,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ANGLO AMERICAN PLC","title":"ANGLO AMERICAN PLC","isin":"GB00BTK05J60","value_usd":79482917.3,"pct_val":0.7334151313,"balance":1921617,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"WILLIAMS COS INC","title":"WILLIAMS COS INC/THE","isin":"US9694571004","value_usd":79121170.03,"pct_val":0.7300771697,"balance":1316273,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TERRENO REALTY CORP","title":"TERRENO REALTY CORP","isin":"US88146M1018","value_usd":73015924.41,"pct_val":0.6737420518,"balance":1243671,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ALAMOS GOLD INC-CLASS A","title":"ALAMOS GOLD INC","isin":"CA0115321089","value_usd":72345357.18,"pct_val":0.6675545065,"balance":1873540,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ENBRIDGE INC","title":"ENBRIDGE INC","isin":"CA29250N1050","value_usd":70573547.64,"pct_val":0.6512054347,"balance":1475508,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CUBESMART","title":"CUBESMART","isin":"US2296631094","value_usd":70192089.8,"pct_val":0.6476855972,"balance":1947076,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MARATHON PETROLEUM CORP","title":"MARATHON PETROLEUM CORP","isin":"US56585A1025","value_usd":70067928.64,"pct_val":0.5860372752,"balance":363536,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"URANIUM ENERGY CORP","title":"URANIUM ENERGY CORP","isin":"US9168961038","value_usd":66965434.56,"pct_val":0.6179121835,"balance":5733342,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ACADIA REALTY TRUST","title":"ACADIA REALTY TRUST","isin":"US0042391096","value_usd":66302031.38,"pct_val":0.6117907432,"balance":3227947,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MITSUBISHI ESTATE CO LTD","title":"MITSUBISHI ESTATE CO LTD","isin":"JP3899600005","value_usd":64763508.19,"pct_val":0.5975942816,"balance":2665700,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"IMPALA PLATINUM HOLDINGS LTD","title":"IMPALA PLATINUM HOLDINGS LTD","isin":"ZAE000083648","value_usd":64380849.89,"pct_val":0.5940633671,"balance":4096736,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ZA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GOODMAN GROUP","title":"GOODMAN GROUP","isin":"AU000000GMG2","value_usd":64290230.42,"pct_val":0.5932271913,"balance":3124196,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CANADIAN NATURAL RESOURCES","title":"CANADIAN NATURAL RESOURCES LTD","isin":"CA1363851017","value_usd":63531952.65,"pct_val":0.5862303118,"balance":1875689,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FIRST QUANTUM MINERALS LTD","title":"FIRST QUANTUM MINERALS LTD","isin":"CA3359341052","value_usd":61878722.09,"pct_val":0.5709754074,"balance":2307925,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NUCOR CORP","title":"NUCOR CORP","isin":"US6703461052","value_usd":60994984.5,"pct_val":0.5628208687,"balance":373950,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"VALERO ENERGY CORP","title":"VALERO ENERGY CORP","isin":"US91913Y1001","value_usd":58868608.17,"pct_val":0.543200092,"balance":361623,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SLB LTD","title":"SLB LTD","isin":"AN8068571086","value_usd":57125597.98,"pct_val":0.5271167613,"balance":1488421,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CW","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AMERICAN HOMES 4 RENT CL A","title":"AMERICAN HOMES 4 RENT","isin":"US02665T3068","value_usd":56691456.9,"pct_val":0.5231107981,"balance":1766089,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NEWMONT CORP","title":"NEWMONT CORP","isin":"US6516391066","value_usd":56310906.75,"pct_val":0.5195993362,"balance":563955,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"OR ROYALTIES INC","title":"OR ROYALTIES INC","isin":"CA68390D1069","value_usd":56278584.28,"pct_val":0.5193010861,"balance":1588753,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SOUTHERN COPPER CORP","title":"SOUTHERN COPPER CORP","isin":"US84265V1052","value_usd":55708827.12,"pct_val":0.5140437486,"balance":388296,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CROWN CASTLE INC","title":"CROWN CASTLE INC","isin":"US22822V1017","value_usd":55297846.71,"pct_val":0.5102514966,"balance":622233,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SMARTSTOP SELF STORAGE REIT","title":"SMARTSTOP SELF STORAGE REIT INC","isin":"US83192D4025","value_usd":55120909.48,"pct_val":0.5086188383,"balance":1781542,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CAMECO CORP","title":"CAMECO CORP","isin":"CA13321L1085","value_usd":54612393.78,"pct_val":0.503926596,"balance":596922,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"VICI PROPERTIES INC","title":"VICI PROPERTIES INC","isin":"US9256521090","value_usd":54375419.04,"pct_val":0.5017399518,"balance":1933692,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BAKER HUGHES CO","title":"BAKER HUGHES CO","isin":"US05722G1004","value_usd":53143130.7,"pct_val":0.4903692202,"balance":1166955,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"RELIANCE INC","title":"RELIANCE INC","isin":"US7595091023","value_usd":53100083.4,"pct_val":0.4899720086,"balance":183820,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Barrick Gold Corp","title":"BARRICK GOLD CORP","isin":"CA0679011084","value_usd":50744344.34,"pct_val":0.4833594462,"balance":2613588,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SNOWLINE GOLD CORP","title":"SNOWLINE GOLD CORP","isin":"CA83342V1040","value_usd":50678729.08,"pct_val":0.4676293725,"balance":4006860,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ARTEMIS GOLD INC","title":"ARTEMIS GOLD INC","isin":"CA04302L1004","value_usd":50489936.2,"pct_val":0.4658873182,"balance":1888797,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SEGRO PLC","title":"SEGRO PLC","isin":"GB00B5ZN1N88","value_usd":50393376.84,"pct_val":0.4649963331,"balance":5201558,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SUNCOR ENERGY INC","title":"SUNCOR ENERGY INC","isin":"CA8672241079","value_usd":50331668.59,"pct_val":0.4644269307,"balance":1133991,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SPDR OIL & GAS EXPLORATION ETF FD","title":"SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF","isin":"US78468R5569","value_usd":49115737.2,"pct_val":0.4107963994,"balance":371526,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"T. Rowe Price Treasury Reserve Fund","title":"T. Rowe Price Treasury Reserve Fund","isin":null,"value_usd":48996569.22,"pct_val":0.4097996969,"balance":48996569.22,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TOTALENERGIES SE","title":"TOTALENERGIES SE","isin":"FR0000120271","value_usd":48755332.85,"pct_val":0.4498815602,"balance":747804,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Osisko Gold Royalties Ltd","title":"OSISKO GOLD ROYALTIES LTD","isin":"CA68827L1013","value_usd":47755893.78,"pct_val":0.4548933023,"balance":2262862,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TARGA RESOURCES CORP","title":"TARGA RESOURCES CORP","isin":"US87612G1013","value_usd":47683471.5,"pct_val":0.4399911415,"balance":258447,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AIR LIQUIDE SA","title":"AIR LIQUIDE SA","isin":"FR0000120073","value_usd":47605920,"pct_val":0.4392755482,"balance":253285,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TECK RESOURCES LTD-B","title":"TECK RESOURCES LTD","isin":"CA8787422044","value_usd":46126738.09,"pct_val":0.4256266481,"balance":963181,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TECHNIPFMC PLC","title":"TECHNIPFMC PLC","isin":"GB00BDSFG982","value_usd":45101537.68,"pct_val":0.4161667853,"balance":1012153,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SKEENA RESOURCES LTD","title":"SKEENA RESOURCES LTD","isin":"CA83056P7157","value_usd":45017071.73,"pct_val":0.4153873901,"balance":1895343,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VALE SA","title":"VALE SA","isin":"BRVALEACNOR0","value_usd":44661636.96,"pct_val":0.4121076761,"balance":3420492,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"BR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"G MINING VENTURE CORP","title":"G MINING VENTURES CORP","isin":"CA36270K1021","value_usd":44590376.56,"pct_val":0.4114501328,"balance":1475115,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States Treasury Bill","title":"UNITED STATES TREASURY BILL","isin":"US912797MV69","value_usd":44049609.33,"pct_val":0.4195895138,"balance":44060000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NORTHERN STAR RESOURCES LTD","title":"NORTHERN STAR RESOURCES LTD","isin":"AU000000NST8","value_usd":43867757.49,"pct_val":0.404782288,"balance":2492819,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CATERPILLAR INC","title":"CATERPILLAR INC","isin":"US1491231015","value_usd":43607437.27,"pct_val":0.4023802273,"balance":76121,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SHERWIN-WILLIAMS CO/THE","title":"SHERWIN-WILLIAMS CO/THE","isin":"US8243481061","value_usd":41252259.3,"pct_val":0.3806482223,"balance":127310,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EMERALD RESOURCES NL","title":"EMERALD RESOURCES NL","isin":"AU000000EMR4","value_usd":40168948.56,"pct_val":0.3706521562,"balance":9656749,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"RIO TINTO LTD","title":"RIO TINTO LTD","isin":"AU000000RIO1","value_usd":39630989.12,"pct_val":0.3314674392,"balance":491315,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EQT CORP","title":"EQT CORP","isin":"US26884L1098","value_usd":39327231.2,"pct_val":0.3628853521,"balance":733717,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PHILLIPS 66","title":"PHILLIPS 66","isin":"US7185461040","value_usd":38141772.24,"pct_val":0.3519467308,"balance":295581,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ONEOK INC","title":"ONEOK INC","isin":"US6826801036","value_usd":37491835.5,"pct_val":0.3459495498,"balance":510093,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"INDUSTRIAS PENOLES SAB DE CV","title":"INDUSTRIAS PENOLES SAB DE CV","isin":"MXP554091415","value_usd":37084044.51,"pct_val":0.3421867276,"balance":705925,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"MX","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"REALTY INCOME CORP","title":"REALTY INCOME CORP","isin":"US7561091049","value_usd":37050593.15,"pct_val":0.309885408,"balance":609485,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WAREHOUSES DE PAUW SCA","title":"WAREHOUSES DE PAUW CVA","isin":"BE0974349814","value_usd":36099501.78,"pct_val":0.3331020267,"balance":1392007,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"BE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SIBANYE STILLWATER LTD","title":"SIBANYE STILLWATER LTD","isin":"ZAE000259701","value_usd":36093344.87,"pct_val":0.3330452148,"balance":9899979,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ZA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"WEATHERFORD INTERNATIONAL PL","title":"WEATHERFORD INTERNATIONAL PLC","isin":"IE00BLNN3691","value_usd":35910461.86,"pct_val":0.3313576929,"balance":458861,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CAPRICORN METALS LTD","title":"CAPRICORN METALS LTD","isin":"AU000000CMM9","value_usd":35878800.21,"pct_val":0.3310655404,"balance":3792061,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VORNADO REALTY TRUST","title":"VORNADO REALTY TRUST","isin":"US9290421091","value_usd":35437242.88,"pct_val":0.326991145,"balance":1064821,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GRUPO MEXICO SAB DE CV-SER B","title":"GRUPO MEXICO SAB DE CV","isin":"MXP370841019","value_usd":34932893.61,"pct_val":0.3223373477,"balance":3709264,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"MX","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EXPAND ENERGY CORP","title":"EXPAND ENERGY CORP","isin":"US1651677353","value_usd":34884685.64,"pct_val":0.3218925169,"balance":316099,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KOJAMO OYJ","title":"KOJAMO OYJ","isin":"FI4000312251","value_usd":34098518.17,"pct_val":0.31463829,"balance":2842092,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FI","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JETTI HOLDINGS SER D CVT PFD STOCK PP","title":"JETTI HOLDINGS SER D CVT PFD STOCK PP","isin":null,"value_usd":33520943.86,"pct_val":0.309308821,"balance":252242,"units":"NS","currency":"USD","asset_cat":"EP","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"NGEX MINERALS LTD","title":"NGEX MINERALS LTD","isin":"CA62930A1021","value_usd":33231786.09,"pct_val":0.3066406668,"balance":1781730,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NIPPON STEEL CORP","title":"NIPPON STEEL CORP","isin":"JP3381000003","value_usd":32732752.01,"pct_val":0.3020359145,"balance":7999100,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CAPSTONE COPPER CORP","title":"CAPSTONE COPPER CORP","isin":"CA14071L1085","value_usd":32510609.7,"pct_val":0.299986134,"balance":3238203,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hess Corp","title":"HESS CORP","isin":"US42809H1077","value_usd":32082539.04,"pct_val":0.2995815696,"balance":231576,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PACKAGING CORP OF AMERICA","title":"PACKAGING CORP OF AMERICA","isin":"US6951561090","value_usd":31952038.82,"pct_val":0.294832016,"balance":154934,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ANTOFAGASTA PLC","title":"ANTOFAGASTA PLC","isin":"GB0000456144","value_usd":31739877.22,"pct_val":0.2928743309,"balance":722584,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"OPEN HOUSE GROUP CO LTD","title":"OPEN HOUSE GROUP CO LTD","isin":"JP3173540000","value_usd":31668301.88,"pct_val":0.2922138815,"balance":539500,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DISCOVERY SILVER CORP","title":"DISCOVERY SILVER CORP","isin":"CA2546771072","value_usd":31090126.64,"pct_val":0.2868788676,"balance":5092214,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Shin-Etsu Chemical Co Ltd","title":"SHIN-ETSU CHEMICAL CO LTD","isin":"JP3371200001","value_usd":30954951.44,"pct_val":0.2948578483,"balance":1084800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"HF SINCLAIR CORP","title":"HF SINCLAIR CORP","isin":"US4039491000","value_usd":30751110.84,"pct_val":0.2571975161,"balance":587526,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"INTERNATIONAL PAPER CO","title":"INTERNATIONAL PAPER CO","isin":"US4601461035","value_usd":30274011.69,"pct_val":0.2793483054,"balance":768571,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WARRIOR MET COAL INC","title":"WARRIOR MET COAL INC","isin":"US93627C1018","value_usd":30229878.03,"pct_val":0.2789410696,"balance":342859,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TOURMALINE OIL CORP","title":"TOURMALINE OIL CORP","isin":"CA89156V1067","value_usd":30220550.39,"pct_val":0.2788550004,"balance":673692,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AEDIFICA","title":"AEDIFICA SA","isin":"BE0003851681","value_usd":30147773.35,"pct_val":0.2781834626,"balance":380871,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"BE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797SQ11","value_usd":30064406.07,"pct_val":0.2774142051,"balance":30180000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NEXTERA ENERGY INC","title":"NEXTERA ENERGY INC","isin":"US65339F1012","value_usd":29938659.84,"pct_val":0.2762539031,"balance":372928,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"COLLIERS INTERNATIONAL GROUP INC","title":"COLLIERS INTERNATIONAL GROUP INC","isin":"CA1946931070","value_usd":29803925.34,"pct_val":0.2750106634,"balance":202734,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HOA PHAT GROUP JSC","title":"HOA PHAT GROUP JSC","isin":"VN000000HPG4","value_usd":29226181.49,"pct_val":0.2696796301,"balance":29163900,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"VN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ARCELORMITTAL","title":"ARCELORMITTAL SA","isin":"LU1598757687","value_usd":28791124.06,"pct_val":0.2656652115,"balance":626991,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"HEIDELBERG MATERIALS AG","title":"HEIDELBERG MATERIALS AG","isin":"DE0006047004","value_usd":28557941.04,"pct_val":0.2635135547,"balance":110153,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DUPONT DE NEMOURS INC","title":"DUPONT DE NEMOURS INC","isin":"US26614N1028","value_usd":28470736.2,"pct_val":0.2381248167,"balance":365478,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"IVANHOE ELECTRIC INC / US","title":"IVANHOE ELECTRIC INC / US","isin":"US46578C1080","value_usd":28083923.16,"pct_val":0.2591396352,"balance":1757442,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BASF SE","title":"BASF SE","isin":"DE000BASF111","value_usd":27924269.57,"pct_val":0.2335542547,"balance":558885,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DIAMONDBACK ENERGY INC","title":"DIAMONDBACK ENERGY INC","isin":"US25278X1090","value_usd":27909365.82,"pct_val":0.2575289369,"balance":185654,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HEALTHCARE REALTY TRUST INC","title":"HEALTHCARE REALTY TRUST INC","isin":"US42226K1051","value_usd":27522054,"pct_val":0.2539550828,"balance":1623720,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CARPENTER TECHNOLOGY","title":"CARPENTER TECHNOLOGY CORP","isin":"US1442851036","value_usd":27091982,"pct_val":0.2499866664,"balance":86050,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BP PLC","title":"BP PLC","isin":"GB0007980591","value_usd":26803257.02,"pct_val":0.2473225057,"balance":4595923,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ORSTED A/S","title":"ORSTED AS","isin":"DK0060094928","value_usd":26347805.7,"pct_val":0.2431199059,"balance":1380234,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DK","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ERO COPPER CORP","title":"ERO COPPER CORP","isin":"CA2960061091","value_usd":26193777.91,"pct_val":0.2416986406,"balance":925889,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ENERGY FUELS INC","title":"ENERGY FUELS INC/CANADA","isin":"CA2926717083","value_usd":26185682.14,"pct_val":0.2416239383,"balance":1800941,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CHINA HONGQIAO GROUP LTD","title":"CHINA HONGQIAO GROUP LTD","isin":"KYG211501005","value_usd":26069788.61,"pct_val":0.2405545504,"balance":6207500,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"KY","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ARC RESOURCES LTD","title":"ARC RESOURCES LTD","isin":"CA00208D4084","value_usd":25972314.31,"pct_val":0.2396551228,"balance":1384400,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NORTHAM PLATINUM HOLDINGS LT","title":"NORTHAM PLATINUM HOLDINGS LTD","isin":"ZAE000298253","value_usd":25891748.87,"pct_val":0.2389117189,"balance":1275898,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ZA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PERSIMMON PLC","title":"PERSIMMON PLC","isin":"GB0006825383","value_usd":25615778.09,"pct_val":0.2363652454,"balance":1401395,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NGEX MINERALS LTD","title":"NGEX MINERALS LTD","isin":"CA65343P1036","value_usd":25577093.45,"pct_val":0.2139228381,"balance":1371701,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SUN HUNG KAI PROPERTIES","title":"SUN HUNG KAI PROPERTIES LTD","isin":"HK0016000132","value_usd":25424089.18,"pct_val":0.2345964685,"balance":2088000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"HK","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MARRIOTT INTERNATIONAL -CL A","title":"MARRIOTT INTERNATIONAL INC/MD","isin":"US5719032022","value_usd":25412068.64,"pct_val":0.234485551,"balance":81911,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"OVINTIV INC","title":"OVINTIV INC","isin":"US69047Q1022","value_usd":25210731.05,"pct_val":0.2326277426,"balance":643295,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TATA STEEL LTD","title":"TATA STEEL LTD","isin":"INE081A01020","value_usd":24931837.46,"pct_val":0.2300542993,"balance":12445659,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NEWMONT CORP-CDI","title":"NEWMONT CORP","isin":"AU0000297962","value_usd":24893723.35,"pct_val":0.2082072367,"balance":293086,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SWIRE PROPERTIES LTD","title":"SWIRE PROPERTIES LTD","isin":"HK0000063609","value_usd":24791642.86,"pct_val":0.2287606774,"balance":9180600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"HK","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"WOODSIDE ENERGY GROUP LTD","title":"WOODSIDE ENERGY GROUP LTD","isin":"AU0000224040","value_usd":24752389.92,"pct_val":0.2070251458,"balance":1639126,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"LOUISIANA-PACIFIC CORP","title":"LOUISIANA-PACIFIC CORP","isin":"US5463471053","value_usd":24519139.8,"pct_val":0.2262462017,"balance":303605,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"National Grid PLC","title":"NATIONAL GRID PLC","isin":"GB00BDR05C01","value_usd":24444587.06,"pct_val":0.2328441173,"balance":1873977,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Americold Realty Trust Inc","title":"AMERICOLD REALTY TRUST INC","isin":"US03064D1081","value_usd":24359246,"pct_val":0.2320312108,"balance":1135100,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DOUGLAS EMMETT INC","title":"DOUGLAS EMMETT INC","isin":"US25960P1093","value_usd":24352213.48,"pct_val":0.2247059174,"balance":2215852,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SCENTRE GROUP","title":"SCENTRE GROUP","isin":"AU000000SCG8","value_usd":24039861.75,"pct_val":0.2218237448,"balance":8599830,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"IVANHOE MINES LTD","title":"IVANHOE MINES LTD","isin":"CA46579R1047","value_usd":23998275.26,"pct_val":0.2214400125,"balance":2110111,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BIG YELLOW GROUP PLC","title":"BIG YELLOW GROUP PLC","isin":"GB0002869419","value_usd":23821205.76,"pct_val":0.2198061337,"balance":1693925,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States Treasury Bill","title":"UNITED STATES TREASURY BILL","isin":"US912797PR21","value_usd":23804466.72,"pct_val":0.2267467242,"balance":24000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FEDERAL REALTY INVS TRUST","title":"FEDERAL REALTY INVESTMENT TRUST","isin":"US3137451015","value_usd":23798577.6,"pct_val":0.2195973362,"balance":236097,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"LUNDIN GOLD INC","title":"LUNDIN GOLD INC","isin":"CA5503711080","value_usd":23737393.12,"pct_val":0.2190327668,"balance":285746,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"KION GROUP AG","title":"KION GROUP AG","isin":"DE000KGX8881","value_usd":23641396.23,"pct_val":0.2181469718,"balance":299193,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PEBBLEBROOK HOTEL TRUST","title":"PEBBLEBROOK HOTEL TRUST","isin":"US70509V1008","value_usd":23049002.92,"pct_val":0.2126807631,"balance":2036131,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"STORA ENSO OYJ-R SHS","title":"STORA ENSO OYJ","isin":"FI0009005961","value_usd":22948121.76,"pct_val":0.2117498993,"balance":1837961,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FI","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"RAYONIER INC","title":"RAYONIER INC","isin":"US7549071030","value_usd":22751270.55,"pct_val":0.2099334882,"balance":1050867,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GALP ENERGIA SGPS SA","title":"GALP ENERGIA SGPS SA","isin":"PTGAL0AM0009","value_usd":22699810.44,"pct_val":0.1898576898,"balance":1197895,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"PT","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CAMDEN PROPERTY TRUST","title":"CAMDEN PROPERTY TRUST","isin":"US1331311027","value_usd":22471070.72,"pct_val":0.2073479918,"balance":204134,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797QZ38","value_usd":22461326.79,"pct_val":0.1878630496,"balance":22652000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SOUTHERN CO/THE","title":"SOUTHERN CO/THE","isin":"US8425871071","value_usd":22308027.2,"pct_val":0.2058435354,"balance":255826,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"LEG IMMOBILIEN SE","title":"LEG IMMOBILIEN SE","isin":"DE000LEG1110","value_usd":22292280.27,"pct_val":0.2056982332,"balance":305642,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"HOLCIM LTD-REG","title":"HOLCIM AG","isin":"CH0012214059","value_usd":22247273.25,"pct_val":0.2052829386,"balance":228528,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SOUTH BOW CORP","title":"SOUTH BOW CORP","isin":"CA83671M1059","value_usd":22069510.04,"pct_val":0.2036426587,"balance":802424,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PERMIAN RESOURCES CORP","title":"PERMIAN RESOURCES CORP","isin":"US71424F1057","value_usd":21710246.48,"pct_val":0.2003276152,"balance":1547416,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"RANGE RESOURCES CORP","title":"RANGE RESOURCES CORP","isin":"US75281A1097","value_usd":21308640.54,"pct_val":0.1966218645,"balance":604329,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ZIJIN GOLD INTERNATIONAL CO","title":"ZIJIN GOLD INTERNATIONAL CO LTD","isin":"HK0001200002","value_usd":21196432.18,"pct_val":0.1955864809,"balance":1131761,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"HK","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"INTERPUMP GROUP SPA","title":"INTERPUMP GROUP SPA","isin":"IT0001078911","value_usd":21133639.28,"pct_val":0.1950070701,"balance":388508,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IT","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NTT DC REIT","title":"NTT DC REIT","isin":"SGXC92727947","value_usd":21052832,"pct_val":0.1942614347,"balance":20659900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VIPER ENERGY INC-CL A","title":"VIPER ENERGY INC","isin":"US64361Q1013","value_usd":20711088.2,"pct_val":0.1911080517,"balance":536140,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CHAMPION IRON LTD","title":"CHAMPION IRON LTD","isin":"AU000000CIA2","value_usd":20614125.03,"pct_val":0.1902133405,"balance":5118095,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NOV INC","title":"NOV INC","isin":"US62955J1034","value_usd":20558779.83,"pct_val":0.1897026521,"balance":1315341,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Viper Energy Inc","title":"VIPER ENERGY INC","isin":"US9279591062","value_usd":20442217.47,"pct_val":0.1908861262,"balance":536119,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Texas Pacific Land Corp","title":"TEXAS PACIFIC LAND CORP","isin":"US88262P1021","value_usd":20404846,"pct_val":0.194364026,"balance":15400,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797MS31","value_usd":20247733.22,"pct_val":0.1693488967,"balance":20250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CMOC GROUP LTD-H SHS","title":"CMOC GROUP LTD","isin":"CNE100000114","value_usd":20236436.83,"pct_val":0.1867282868,"balance":8145000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ALCOA CORP","title":"ALCOA CORP","isin":"US0138721065","value_usd":20209726.54,"pct_val":0.1864818221,"balance":380311,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"International Flavors & Fragrances Inc","title":"INTERNATIONAL FLAVORS & FRAGRANCES INC","isin":"US4595061015","value_usd":20202736.71,"pct_val":0.1924388571,"balance":260311,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KYUSHU RAILWAY COMPANY","title":"KYUSHU RAILWAY CO","isin":"JP3247010006","value_usd":20144840.43,"pct_val":0.1858830965,"balance":774500,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Endeavour Mining PLC","title":"ENDEAVOUR MINING PLC","isin":"GB00BL6K5J42","value_usd":19884188.35,"pct_val":0.1856753403,"balance":644851,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EXPRO GROUP HLDS NV","title":"EXPRO GROUP HOLDINGS NV","isin":"NL0010556684","value_usd":19848873.45,"pct_val":0.1831521114,"balance":1486807,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AMERICAS GOLD AND SILVER COR","title":"AMERICAS GOLD & SILVER CORP","isin":"CA03062D8035","value_usd":19775796.23,"pct_val":0.1824778038,"balance":3855578,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"POSCO HOLDINGS INC","title":"POSCO HOLDINGS INC","isin":"KR7005490008","value_usd":19305380.44,"pct_val":0.1781371219,"balance":91064,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"KR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NESTE OYJ","title":"NESTE OYJ","isin":"FI0009013296","value_usd":19066631.03,"pct_val":0.1594703413,"balance":1037710,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FI","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CAPITALAND INTGD COMM TRUST","title":"CAPITALAND INTEGRATED COMMERCIAL TRUST","isin":"SG1M51904654","value_usd":18969055.85,"pct_val":0.1750337438,"balance":10220144,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"HARMONY GOLD MINING CO LTD","title":"HARMONY GOLD MINING CO LTD","isin":"ZAE000015228","value_usd":18952509.1,"pct_val":0.1748810615,"balance":944692,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ZA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ARIS MINING CORP","title":"ARIS MINING CORP","isin":"CA04040Y1097","value_usd":18831371.29,"pct_val":0.1737632829,"balance":1161141,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"B2GOLD CORP","title":"B2GOLD CORP","isin":"CA11777Q2099","value_usd":18803782.96,"pct_val":0.1735087163,"balance":4176235,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States Steel Corp","title":"UNITED STATES STEEL CORP","isin":"US9129091081","value_usd":18759214,"pct_val":0.1786887467,"balance":443900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Symrise AG","title":"SYMRISE AG","isin":"DE000SYM9999","value_usd":18755519.54,"pct_val":0.1751360132,"balance":178855,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Akzo Nobel NV","title":"AKZO NOBEL NV","isin":"NL0013267909","value_usd":18519349.8,"pct_val":0.1729306983,"balance":263945,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MITSUBISHI HEAVY INDUSTRIES","title":"MITSUBISHI HEAVY INDUSTRIES LTD","isin":"JP3900000005","value_usd":18460686.85,"pct_val":0.1703428552,"balance":756200,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CORTEVA INC","title":"CORTEVA INC","isin":"US22052L1044","value_usd":18441963.9,"pct_val":0.1701700923,"balance":275130,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EOG RESOURCES INC","title":"EOG RESOURCES INC","isin":"US26875P1012","value_usd":18202118.37,"pct_val":0.1679569584,"balance":173337,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NUVISTA ENERGY LTD","title":"NUVISTA ENERGY LTD","isin":"CA67072Q1046","value_usd":18136650.14,"pct_val":0.1516921256,"balance":1569700,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"APPLE HOSPITALITY REIT INC","title":"APPLE HOSPITALITY REIT INC","isin":"US03784Y2000","value_usd":18031208.85,"pct_val":0.1663799198,"balance":1521621,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WEST FRASER TIMBER CO LTD","title":"WEST FRASER TIMBER CO LTD","isin":"CA9528451052","value_usd":17956628.6,"pct_val":0.1656917432,"balance":293514,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GAMING AND LEISURE PROPERTIES INC","title":"GAMING AND LEISURE PROPERTIES INC","isin":"US36467J1088","value_usd":17784884.48,"pct_val":0.1487500122,"balance":381568,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HUBBELL INC","title":"HUBBELL INC","isin":"US4435106079","value_usd":17631167,"pct_val":0.1626886015,"balance":39700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"TURACO GOLD LTD","title":"TURACO GOLD LTD","isin":"AU0000169039","value_usd":17425213.64,"pct_val":0.1607882018,"balance":31506461,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CUSHMAN & WAKEFIELD LTD","title":"CUSHMAN & WAKEFIELD LTD","isin":"BMG2717C1064","value_usd":17290223.83,"pct_val":0.1595426063,"balance":1067957,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KINDER MORGAN INC","title":"KINDER MORGAN INC","isin":"US49456B1017","value_usd":17287004.03,"pct_val":0.1595128961,"balance":628847,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"QNITY ELECTRONICS INC","title":"QNITY ELECTRONICS INC","isin":"US74743L1008","value_usd":17130823.2,"pct_val":0.158071764,"balance":209808,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ALUMINUM CORP OF CHINA LTD-H SHS","title":"ALUMINUM CORP OF CHINA LTD","isin":"CNE1000001T8","value_usd":16953849.83,"pct_val":0.1564387723,"balance":10830000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TENARIS SA-ADR","title":"TENARIS SA","isin":"US88031M1099","value_usd":16875320.5,"pct_val":0.1557141562,"balance":438890,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"LU","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KNIFE RIVER CORP","title":"KNIFE RIVER CORP","isin":"US4988941047","value_usd":16725853.2,"pct_val":0.1543349721,"balance":237752,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"UPM-KYMMENE OYJ","title":"UPM-KYMMENE OYJ","isin":"FI0009005987","value_usd":16525349.59,"pct_val":0.152484859,"balance":571625,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FI","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"RPM INTERNATIONAL INC","title":"RPM INTERNATIONAL INC","isin":"US7496851038","value_usd":16518632,"pct_val":0.1524228736,"balance":158833,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CUSHMAN & WAKEFIELD PLC","title":"CUSHMAN & WAKEFIELD PLC","isin":"GB00BFZ4N465","value_usd":16407565.92,"pct_val":0.1372303336,"balance":1030626,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PREDICTIVE DISCOVERY LTD","title":"PREDICTIVE DISCOVERY LTD","isin":"AU000000PDI8","value_usd":16372062.17,"pct_val":0.1510704254,"balance":33724745,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PRECISION DRILLING CORP","title":"PRECISION DRILLING CORP","isin":"CA74022D4075","value_usd":16203221.33,"pct_val":0.1495124752,"balance":225807,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CAN APARTMENT PROP REAL ESTA","title":"CANADIAN APARTMENT PROPERTIES REIT","isin":"CA1349211054","value_usd":16122710.66,"pct_val":0.1487695766,"balance":600196,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NVENT ELECTRIC PLC","title":"NVENT ELECTRIC PLC","isin":"IE00BDVJJQ56","value_usd":15917313.06,"pct_val":0.1468743051,"balance":156098,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ALEXANDRIA REAL ESTATE EQUIT","title":"ALEXANDRIA REAL ESTATE EQUITIES INC","isin":"US0152711091","value_usd":15885581.42,"pct_val":0.1465815068,"balance":324593,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KEPPEL DC REIT","title":"KEPPEL DC REIT","isin":"SG1AF6000009","value_usd":15868300.63,"pct_val":0.1464220512,"balance":9074600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AMERICAS GOLD AND SILVER LOCKUP 4/26","title":"AMERICAS GOLD & SILVER CORP","isin":"CA03062D8860","value_usd":15669500.74,"pct_val":0.144587659,"balance":3227830,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Amrize Ltd","title":"AMRIZE LTD","isin":"CH1430134226","value_usd":15629722.73,"pct_val":0.1459478273,"balance":313325,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"KELT EXPLORATION LTD","title":"KELT EXPLORATION LTD","isin":"CA4882951060","value_usd":15614629.08,"pct_val":0.1440813401,"balance":2794245,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FUJIKURA LTD","title":"FUJIKURA LTD","isin":"JP3811000003","value_usd":15614076.68,"pct_val":0.1440762429,"balance":140800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"KODIAK GAS SERVICES INC","title":"KODIAK GAS SERVICES INC","isin":"US50012A1088","value_usd":15510640.2,"pct_val":0.1431218003,"balance":414723,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"ILUKA RESOURCES LTD","title":"ILUKA RESOURCES LTD","isin":"AU000000ILU1","value_usd":15488802.13,"pct_val":0.1429202932,"balance":4029049,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JAPAN PRIME REALTY INVESTMEN","title":"JAPAN PRIME REALTY INVESTMENT CORP","isin":"JP3040890000","value_usd":15436512.73,"pct_val":0.1424378017,"balance":22878,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TAMARACK VALLEY ENERGY LTD","title":"TAMARACK VALLEY ENERGY LTD","isin":"CA87505Y4094","value_usd":15184843.19,"pct_val":0.1401155637,"balance":2611774,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"KILROY REALTY CORP","title":"KILROY REALTY CORP","isin":"US49427F1084","value_usd":15164073.34,"pct_val":0.1399239134,"balance":405782,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Stanley Black & Decker Inc","title":"STANLEY BLACK & DECKER INC","isin":"US8545021011","value_usd":15133751.12,"pct_val":0.1441548148,"balance":196849,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KERRY PROPERTIES LTD","title":"KERRY PROPERTIES LTD","isin":"BMG524401079","value_usd":15123277.26,"pct_val":0.1395474745,"balance":5802000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mosaic Co/The","title":"MOSAIC CO/THE","isin":"US61945C1036","value_usd":15083005.23,"pct_val":0.1436714406,"balance":558423,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"JAPAN REAL ESTATE INVESTMENT","title":"JAPAN REAL ESTATE INVESTMENT CORP","isin":"JP3027680002","value_usd":14939612.91,"pct_val":0.1378527429,"balance":17881,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NAC KAZATOMPROM JSC GDR","title":"NAC KAZATOMPROM JSC","isin":"US63253R2013","value_usd":14777160.99,"pct_val":0.1363537454,"balance":265722,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"KZ","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AGCO Corp","title":"AGCO CORP","isin":"US0010841023","value_usd":14626060,"pct_val":0.1393188611,"balance":158000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SAUDI ARABIAN MINING CO","title":"SAUDI ARABIAN MINING CO","isin":"SA123GA0ITH7","value_usd":14609023.16,"pct_val":0.1348022821,"balance":899378,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"HEADWATER EXPLORATION INC","title":"HEADWATER EXPLORATION INC","isin":"CA4220961078","value_usd":14598235.4,"pct_val":0.1347027399,"balance":2138400,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kubota Corp","title":"KUBOTA CORP","isin":"JP3266400005","value_usd":14477287.41,"pct_val":0.1351865724,"balance":1283800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SHOALS TECHNOLOGIES GROUP -A","title":"SHOALS TECHNOLOGIES GROUP INC","isin":"US82489W1071","value_usd":14452550,"pct_val":0.1333584526,"balance":1700300,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MIRVAC GROUP","title":"MIRVAC GROUP","isin":"AU000000MGR9","value_usd":14424441.66,"pct_val":0.1330990876,"balance":10582226,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wesdome Gold Mines Ltd","title":"WESDOME GOLD MINES LTD","isin":"CA95083R1001","value_usd":14162882.89,"pct_val":0.1322507137,"balance":1016674,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AMEREN CORPORATION","title":"AMEREN CORP","isin":"US0236081024","value_usd":14149544.04,"pct_val":0.1183445893,"balance":135558,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CENTRUS ENERGY CORP","title":"CENTRUS ENERGY CORP","isin":"US15643U1043","value_usd":14055804,"pct_val":0.1296975462,"balance":57900,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Entegris Inc","title":"ENTEGRIS INC","isin":"US29362U1043","value_usd":13804956.36,"pct_val":0.1314975323,"balance":157807,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HINDALCO INDUSTRIES LTD","title":"HINDALCO INDUSTRIES LTD","isin":"INE038A01020","value_usd":13318915.8,"pct_val":0.1228980354,"balance":1349533,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Atlas Energy Solutions Inc","title":"ATLAS ENERGY SOLUTIONS INC","isin":"US6420451089","value_usd":13134521.6,"pct_val":0.1251113827,"balance":736240,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NEXUS SELECT TRUST","title":"NEXUS SELECT TRUST","isin":"INE0NDH25011","value_usd":13110460.47,"pct_val":0.1209745492,"balance":7607838,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TOKYO TATEMONO CO LTD","title":"TOKYO TATEMONO CO LTD","isin":"JP3582600007","value_usd":13012481.75,"pct_val":0.1200704672,"balance":574000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MP MATERIALS CORP","title":"MP MATERIALS CORP","isin":"US5533681012","value_usd":12998644.44,"pct_val":0.1199427857,"balance":257297,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SPIE SA","title":"SPIE SA","isin":"FR0012757854","value_usd":12961134.85,"pct_val":0.1195966723,"balance":224819,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CONSTELLATION ENERGY","title":"CONSTELLATION ENERGY CORP","isin":"US21037T1097","value_usd":12833730,"pct_val":0.1073393249,"balance":39000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NIPPON PROLOGIS REIT INC","title":"NIPPON PROLOGIS REIT INC","isin":"JP3047550003","value_usd":12749228.37,"pct_val":0.1176413413,"balance":21525,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VISTA ENERGY SAB DE CV ADR","title":"VISTA ENERGY SAB DE CV","isin":"US92837L1098","value_usd":12387035.58,"pct_val":0.1142992688,"balance":254563,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"MX","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WP CAREY INC","title":"WP CAREY INC","isin":"US92936U1097","value_usd":12252873.52,"pct_val":0.1024811315,"balance":181336,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HILTON WORLDWIDE HOLDINGS INC","title":"HILTON WORLDWIDE HOLDINGS INC","isin":"US43300A2033","value_usd":12108162,"pct_val":0.1117260101,"balance":42152,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CELLNEX TELECOM SAU","title":"CELLNEX TELECOM SA","isin":"ES0105066007","value_usd":12022230.94,"pct_val":0.1005520728,"balance":347088,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"ES","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Adriatic Metals PLC","title":"ADRIATIC METALS PLC","isin":"AU0000004772","value_usd":11810166.06,"pct_val":0.1124963856,"balance":4521548,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NEW FOUND GOLD CORP","title":"NEW FOUND GOLD CORP","isin":"CA64440N1033","value_usd":11789068.04,"pct_val":0.1087816248,"balance":3985489,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"INVINCIBLE INVESTMENT CORPORATION","title":"INVINCIBLE INVESTMENT CORP","isin":"JP3046190009","value_usd":11723472.6,"pct_val":0.108176354,"balance":28550,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AUSGOLD LTD","title":"AUSGOLD LTD","isin":"AU000000AUC7","value_usd":11684961.41,"pct_val":0.1078209985,"balance":16027269,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EQUINOX GOLD CORP","title":"EQUINOX GOLD CORP","isin":"CA29446Y5020","value_usd":11352970.65,"pct_val":0.1047576101,"balance":807803,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NRG ENERGY INC","title":"NRG ENERGY INC","isin":"US6293775085","value_usd":11340913.56,"pct_val":0.1046463553,"balance":71219,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NOVAGOLD RESOURCES INC","title":"NOVAGOLD RESOURCES INC","isin":"CA66987E2069","value_usd":11174372,"pct_val":0.0934607123,"balance":1269815,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"COEUR MINING INC","title":"COEUR MINING INC","isin":"US1921085049","value_usd":11171743.1,"pct_val":0.1030853636,"balance":626570,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"UNITE GROUP PLC/THE","title":"UNITE GROUP PLC/THE","isin":"GB0006928617","value_usd":11037518.27,"pct_val":0.0923160889,"balance":1139649,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JSW STEEL LTD","title":"JSW STEEL LTD","isin":"INE019A01038","value_usd":11017282.78,"pct_val":0.1016601072,"balance":849399,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ADVANTAGE ENERGY LTD","title":"ADVANTAGE ENERGY LTD","isin":"CA00791P1071","value_usd":10956249.9,"pct_val":0.1010969367,"balance":1280920,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MITSUI FUDOSAN CO LTD","title":"MITSUI FUDOSAN CO LTD","isin":"JP3893200000","value_usd":10918793.63,"pct_val":0.1007513153,"balance":960800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CBRE GROUP INC - A","title":"CBRE GROUP INC","isin":"US12504L1098","value_usd":10846411.03,"pct_val":0.1000834172,"balance":67457,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797QS94","value_usd":10665440.56,"pct_val":0.0892040888,"balance":10740000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NOMURA REAL ESTATE HOLDINGS","title":"NOMURA REAL ESTATE HOLDINGS INC","isin":"JP3762900003","value_usd":10584259.8,"pct_val":0.0885251055,"balance":1660900,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ALLIANT ENERGY CORP","title":"ALLIANT ENERGY CORP","isin":"US0188021085","value_usd":10385737.56,"pct_val":0.0958326309,"balance":159756,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797PD35","value_usd":10284659.38,"pct_val":0.0948999491,"balance":10305000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BOLIDEN AB","title":"BOLIDEN AB","isin":"SE0020050417","value_usd":10148375.98,"pct_val":0.0936424172,"balance":183196,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"INTERCONTINENTAL HOTELS GROU","title":"INTERCONTINENTAL HOTELS GROUP PLC","isin":"GB00BHJYC057","value_usd":10096292.95,"pct_val":0.0931618299,"balance":71845,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SANY HEAVY INDUSTRY CO LTD-H SHS","title":"SANY HEAVY INDUSTRY CO LTD","isin":"CNE1000075S4","value_usd":9872018.71,"pct_val":0.0910923774,"balance":3399600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Union Pacific Corp","title":"UNION PACIFIC CORP","isin":"US9078181081","value_usd":9845065.76,"pct_val":0.0937780475,"balance":41674,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Foran Mining Corp","title":"FORAN MINING CORP","isin":"CA3449112018","value_usd":9772200,"pct_val":0.0912512258,"balance":4363047,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EVOLUTION MINING LTD","title":"EVOLUTION MINING LTD","isin":"AU000000EVN4","value_usd":9498244.71,"pct_val":0.0876434412,"balance":1134967,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PPG INDUSTRIES INC","title":"PPG INDUSTRIES INC","isin":"US6935061076","value_usd":9428367,"pct_val":0.0788573976,"balance":89700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"THYSSENKRUPP AG","title":"THYSSENKRUPP AG","isin":"DE0007500001","value_usd":9083480.76,"pct_val":0.0838162773,"balance":844928,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NORSK HYDRO ASA","title":"NORSK HYDRO ASA","isin":"NO0005052605","value_usd":8971811.56,"pct_val":0.0827858687,"balance":1162276,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NO","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"LINEAGE INC","title":"LINEAGE INC","isin":"US53566V1061","value_usd":8774850,"pct_val":0.0809684393,"balance":250710,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KIMCO REALTY CORP","title":"KIMCO REALTY CORP","isin":"US49446R1095","value_usd":8772531.68,"pct_val":0.0809470474,"balance":432784,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BEL FUSE INC-CL B","title":"BEL FUSE INC","isin":"US0773473006","value_usd":8664191.51,"pct_val":0.0799473569,"balance":51077,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Norfolk Southern Corp","title":"NORFOLK SOUTHERN CORP","isin":"US6558441084","value_usd":8572312.05,"pct_val":0.0816545777,"balance":36193,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Canadian Pacific Kansas City Ltd","title":"CANADIAN PACIFIC KANSAS CITY LTD","isin":"CA13646K1084","value_usd":8558177.74,"pct_val":0.0815199429,"balance":121894,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"OMAI GOLD MINES CORP","title":"OMAI GOLD MINES CORP","isin":"CA6820431048","value_usd":8420539.73,"pct_val":0.0776991014,"balance":8255437,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Yellow Cake PLC","title":"YELLOW CAKE PLC","isin":"JE00BF50RG45","value_usd":8349338.79,"pct_val":0.0779647775,"balance":1155883,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sprott Physical Uranium Trust","title":"SPROTT PHYSICAL URANIUM TRUST","isin":"CA85210A1049","value_usd":8304938.5,"pct_val":0.0775501748,"balance":443500,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"RF","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"RAMELIUS RESOURCES LTD","title":"RAMELIUS RESOURCES LTD","isin":"AU000000RMS4","value_usd":8252550.23,"pct_val":0.0761490068,"balance":3000493,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SBA COMMUNICATIONS CORP","title":"SBA COMMUNICATIONS CORP","isin":"US78410G1040","value_usd":8220581.57,"pct_val":0.0758540214,"balance":42499,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"United States Treasury Bill","title":"UNITED STATES TREASURY BILL","isin":"US912797QJ95","value_usd":8198614.6,"pct_val":0.0765573394,"balance":8240000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CITY DEVELOPMENTS LTD","title":"CITY DEVELOPMENTS LTD","isin":"SG1R89002252","value_usd":8186164.93,"pct_val":0.0755364477,"balance":1316100,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSX Corp","title":"CSX CORP","isin":"US1264081035","value_usd":8129036.88,"pct_val":0.0774322107,"balance":276216,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NIPPON SANSO HOLDINGS CORP","title":"NIPPON SANSO HOLDINGS CORP","isin":"JP3711600001","value_usd":8124368.39,"pct_val":0.0679509557,"balance":229400,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Calibre Mining Corp","title":"CALIBRE MINING CORP","isin":"CA13000C2058","value_usd":8109005.25,"pct_val":0.0772414017,"balance":3646645,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ROBEX RESOURCES INC","title":"ROBEX RESOURCES INC","isin":"CA76125Y6001","value_usd":8090067.54,"pct_val":0.0746497254,"balance":2123140,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Canadian National Railway Co","title":"CANADIAN NATIONAL RAILWAY CO","isin":"CA1363751027","value_usd":8015770.68,"pct_val":0.0763533065,"balance":82370,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MERIDIAN MINING PLC","title":"MERIDIAN MINING PLC","isin":"GB00BVPND783","value_usd":7739711.98,"pct_val":0.0714168789,"balance":6988909,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ALUMINIUM BAHRAIN BSC","title":"ALUMINIUM BAHRAIN BSC","isin":"BH0006000044","value_usd":7658316.87,"pct_val":0.0706658193,"balance":2616873,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"BH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VAR ENERGI ASA","title":"VAR ENERGI ASA","isin":"NO0011202772","value_usd":7562986.7,"pct_val":0.0697861764,"balance":2313260,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NO","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"WEYERHAEUSER CO","title":"WEYERHAEUSER CO","isin":"US9621661043","value_usd":7539721.54,"pct_val":0.069571501,"balance":318266,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KAJIMA CORP","title":"KAJIMA CORP","isin":"JP3210200006","value_usd":7458165.75,"pct_val":0.0623789403,"balance":255900,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"LUNDIN MINING CORP","title":"LUNDIN MINING CORP","isin":"CA5503721063","value_usd":7425196.53,"pct_val":0.0685147409,"balance":345473,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DPM METALS INC","title":"DPM METALS INC","isin":"CA26139R1091","value_usd":7285867.95,"pct_val":0.0672291101,"balance":235743,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GENESIS MINERALS LTD","title":"GENESIS MINERALS LTD","isin":"AU000000GMD9","value_usd":7175578.72,"pct_val":0.066211435,"balance":1500050,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mitsubishi Logistics Corp","title":"MITSUBISHI LOGISTICS CORP","isin":"JP3902000003","value_usd":7143974.25,"pct_val":0.0680491094,"balance":1099900,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SYENSQO SA","title":"SYENSQO SA","isin":"BE0974464977","value_usd":7124577.57,"pct_val":0.0657408305,"balance":88948,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"BE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"IVANHOE ELECTRIC INC WTS 02/26","title":"IVANHOE ELECTRIC INC / US WTS 02/06","isin":null,"value_usd":7060309.48,"pct_val":0.0651478076,"balance":786226,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JINDAL STEEL LTD","title":"JINDAL STEEL LTD","isin":"INE749A01030","value_usd":6957619.88,"pct_val":0.0642002567,"balance":593465,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Shimizu Corp","title":"SHIMIZU CORP","isin":"JP3358800005","value_usd":6945359.07,"pct_val":0.0648546416,"balance":621800,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"LYNAS RARE EARTHS LTD","title":"LYNAS RARE EARTHS LTD","isin":"AU000000LYC6","value_usd":6911126.39,"pct_val":0.063771246,"balance":842673,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"LILAC SOLUTIONS SERIES B CVT PFD STOCK PP","title":"LILAC SOLUTIONS SERIES B CVT PFD STOCK P","isin":null,"value_usd":6909051.84,"pct_val":0.0637521034,"balance":696477,"units":"NS","currency":"USD","asset_cat":"EP","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"TALON CAPITAL CORP","title":"TALON CAPITAL CORP","isin":"KYG866521159","value_usd":6820625.8,"pct_val":0.0629361671,"balance":663485,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"KY","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CHINA STEEL CORP","title":"CHINA STEEL CORP","isin":"TW0002002003","value_usd":6734795.63,"pct_val":0.0621441838,"balance":11147000,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"TW","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DIGITAL CORE REIT MANAGEMENT","title":"DIGITAL CORE REIT MANAGEMENT PTE LTD","isin":"SGXC50067435","value_usd":6730271.57,"pct_val":0.0621024388,"balance":13211700,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NNN REIT INC","title":"NNN REIT INC","isin":"US6374171063","value_usd":6648242.04,"pct_val":0.0556048641,"balance":156172,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ora Banda Mining Ltd","title":"ORA BANDA MINING LTD","isin":"AU0000050130","value_usd":6634419.85,"pct_val":0.0619511414,"balance":12948606,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BLUESCOPE STEEL LTD","title":"BLUESCOPE STEEL LTD","isin":"AU000000BSL0","value_usd":6439483.63,"pct_val":0.0538588412,"balance":428702,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States Treasury Bill","title":"UNITED STATES TREASURY BILL","isin":"US912797QU41","value_usd":6318108.6,"pct_val":0.058997478,"balance":6376000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Vulcan Materials Co","title":"VULCAN MATERIALS CO","isin":"US9291601097","value_usd":6237742.1,"pct_val":0.0594168987,"balance":26737,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Gecina SA","title":"GECINA SA","isin":"FR0010040865","value_usd":6178284.33,"pct_val":0.0588505405,"balance":65843,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ORLA MINING LTD","title":"ORLA MINING LTD","isin":"CA68634K1066","value_usd":6018118.05,"pct_val":0.0503346049,"balance":557989,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"N/A","title":"ASANTE GOLD CORP LOCKUP SHS 12.25","isin":"CA04341X4049","value_usd":5983767.33,"pct_val":0.0500473008,"balance":3730172,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TOREX GOLD RESOURCES INC","title":"TOREX GOLD RESOURCES INC","isin":"CA8910546032","value_usd":5943461.63,"pct_val":0.0548422836,"balance":124469,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ASANTE GOLD CORP","title":"ASANTE GOLD CORP","isin":"CA04341X1078","value_usd":5850256.49,"pct_val":0.053982249,"balance":4866527,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VERAI DISCOVERIES SER A CVT PFD STK PP","title":"VERAI DISCOVERIES SER A CVT PFD STK PP","isin":null,"value_usd":5515437.57,"pct_val":0.0508927642,"balance":121855,"units":"NS","currency":"USD","asset_cat":"EP","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"JFE HOLDINGS INC","title":"JFE HOLDINGS INC","isin":"JP3386030005","value_usd":5374932.33,"pct_val":0.049596276,"balance":421600,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BENZ MINING CORP-CDI","title":"BENZ MINING CORP","isin":"AU0000118796","value_usd":5318010.03,"pct_val":0.0490710351,"balance":4517657,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FIREFLY AEROSPACE INC","title":"FIREFLY AEROSPACE INC","isin":"US31816X1063","value_usd":5081367.87,"pct_val":0.0468874597,"balance":227151,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AGREE REALTY CORP","title":"AGREE REALTY CORP","isin":"US0084921008","value_usd":5072042.88,"pct_val":0.0424217791,"balance":71397,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"FORTESCUE LTD","title":"FORTESCUE LTD","isin":"AU000000FMG4","value_usd":5000674.34,"pct_val":0.0461428739,"balance":341985,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JINDAL STAINLESS LTD","title":"JINDAL STAINLESS LTD","isin":"INE220G01021","value_usd":4982890.27,"pct_val":0.0459787744,"balance":533197,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"IN","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"De Grey Mining Ltd","title":"DE GREY MINING LTD","isin":"AU000000DEG6","value_usd":4974298.14,"pct_val":0.0473821078,"balance":3700039,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797SX61","value_usd":4925970.5,"pct_val":0.0454535569,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FIRST MINING GOLD CORP","title":"FIRST MINING GOLD CORP","isin":"CA3208901064","value_usd":4714081.53,"pct_val":0.0434983873,"balance":12208137,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CF Industries Holdings Inc","title":"CF INDUSTRIES HOLDINGS INC","isin":"US1252691001","value_usd":4685639.55,"pct_val":0.0446325234,"balance":59957,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Dundee Precious Metals Inc","title":"DUNDEE PRECIOUS METALS INC","isin":"CA2652692096","value_usd":4477723.72,"pct_val":0.0418122611,"balance":278681,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ESSENTIAL PROPERTIES REALTY","title":"ESSENTIAL PROPERTIES REALTY TRUST INC","isin":"US29670E1073","value_usd":4463166.72,"pct_val":0.0373292334,"balance":149972,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"JETTI HOLDINGS SER C CVT PFD STOCK PP","title":"JETTI HOLDINGS SER C CVT PFD STOCK PP","isin":null,"value_usd":4288683,"pct_val":0.0395730946,"balance":64540,"units":"NS","currency":"USD","asset_cat":"EP","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"SORTERA TECH SER C-1 CVT PFD STOCK PP","title":"SORTERA TECH SER C-1 CVT PFD STOCK PP","isin":null,"value_usd":4213884.88,"pct_val":0.0388829076,"balance":305757,"units":"NS","currency":"USD","asset_cat":"EP","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"ROYAL GOLD INC","title":"ROYAL GOLD INC","isin":"US7802871084","value_usd":4157045.29,"pct_val":0.03835843,"balance":18701,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SL GREEN REALTY CORP","title":"SL GREEN REALTY CORP","isin":"US78440X8873","value_usd":4137474,"pct_val":0.0381778392,"balance":90200,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KGHM POLSKA MIEDZ SA","title":"KGHM POLSKA MIEDZ SA","isin":"PLKGHM000017","value_usd":3865868.73,"pct_val":0.0356716477,"balance":49755,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"PL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797RH21","value_usd":3547945.95,"pct_val":0.0327380692,"balance":3550000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Flowco Holdings Inc","title":"FLOWCO HOLDINGS INC","isin":"US3429091081","value_usd":3472219.79,"pct_val":0.0324230278,"balance":194959,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"APARTMENT INVT & MGMT CO -A","title":"APARTMENT INVESTMENT AND MANAGEMENT CO","isin":"US03748R7474","value_usd":3435191.1,"pct_val":0.0316976429,"balance":578315,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"MONTAGE GOLD CORP","title":"MONTAGE GOLD CORP","isin":"CA61178L1013","value_usd":3320667.6,"pct_val":0.0306408968,"balance":461314,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MERIDIAN MINING UK SOCIETAS","title":"MERIDIAN MINING UK SOCIETAS","isin":"GB00BR3SVZ18","value_usd":3307691.14,"pct_val":0.0276650151,"balance":3773208,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"LUNR ROYALTIES CORP","title":"LUNR ROYALTIES CORP","isin":"CA5504281067","value_usd":3257361.01,"pct_val":0.030056746,"balance":342597,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Gold Inc","title":"NEW GOLD INC","isin":"CA6445351068","value_usd":3221035.32,"pct_val":0.0306816034,"balance":871284,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SHURGARD SELF STORAGE LTD","title":"SHURGARD SELF STORAGE LTD","isin":"GG00BQZCBZ44","value_usd":2868001.55,"pct_val":0.0264639976,"balance":83454,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"VERAI DISCOVERIES SR A1 CVT PFD PRTVT PP","title":"VERAI DISCOVERIES SR A1 CVT PFD","isin":null,"value_usd":2815269.8,"pct_val":0.0259774243,"balance":62199,"units":"NS","currency":"USD","asset_cat":"EP","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"EPR PROPERTIES","title":"EPR PROPERTIES","isin":"US26884U1097","value_usd":2696304.8,"pct_val":0.0225514747,"balance":46480,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797RE99","value_usd":2681839.21,"pct_val":0.0224304867,"balance":2690000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ROBEX RESOURCES INC-CDI","title":"ROBEX RESOURCES INC","isin":"AU0000394082","value_usd":2538144.06,"pct_val":0.0234202936,"balance":670247,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BROADSTONE NET LEASE INC","title":"BROADSTONE NET LEASE INC","isin":"US11135E2037","value_usd":2155282.83,"pct_val":0.0180264509,"balance":120609,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SOUTHERN PALLADIUM LTD","title":"SOUTHERN PALLADIUM LTD","isin":"AU0000220808","value_usd":1856457.75,"pct_val":0.0171301489,"balance":1201349,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Greatland Resources Ltd","title":"GREATLAND RESOURCES LTD","isin":"AU0000397705","value_usd":1832360.22,"pct_val":0.0171102839,"balance":404517.3,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"ENDEAVOUR SILVER CORP","title":"ENDEAVOUR SILVER CORP","isin":"CA29258Y1034","value_usd":1737514.53,"pct_val":0.0160326205,"balance":184727,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GOLD ROYALTY CORP","title":"GOLD ROYALTY CORP","isin":"CA38071H1064","value_usd":1696311.16,"pct_val":0.0156524234,"balance":419879,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Greatland Gold PLC","title":"GREATLAND GOLD PLC","isin":"GB00B15XDH89","value_usd":1613412.13,"pct_val":0.0153683726,"balance":10448853,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SOVEREIGN METALS LTD","title":"SOVEREIGN METALS LTD","isin":"AU000000SVM6","value_usd":1422886.15,"pct_val":0.0131294405,"balance":3689591,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"U S TREASURY BILL","title":"UNITED STATES TREASURY BILL","isin":"US912797RA77","value_usd":1339747.29,"pct_val":0.0123622908,"balance":1340000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States Treasury Bill","title":"UNITED STATES TREASURY BILL","isin":"US912797LB15","value_usd":1004765.96,"pct_val":0.0095707832,"balance":1010000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"UNICO SILVER LTD","title":"UNICO SILVER LTD","isin":"AU0000269821","value_usd":665515.74,"pct_val":0.0061409336,"balance":1163706,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"STANDARD CHARTERED SECURITIES","title":"AUD/USD FWD 20260115 SCBLGB2L","isin":null,"value_usd":171641.3,"pct_val":0.001583791,"balance":1,"units":"NC","currency":"USD","asset_cat":"DFE","issuer_cat":"CORP","inv_country":"AU","fair_val_level":"2","payoff_profile":"N/A"},{"issuer_name":"KEPPEL DC REIT-RTS 10/28","title":"KEPPEL DC REIT","isin":"SGXZ75771493","value_usd":93780.38,"pct_val":0.0007843645,"balance":806480,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States Treasury Bill","title":"UNITED STATES TREASURY BILL","isin":"US912797NM51","value_usd":29820.44,"pct_val":0.0002840512,"balance":30000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"POLYUS PJSC","title":"OFAC RESTR POLYUS PJSC","isin":"RU000A0JNAA8","value_usd":34.13,"pct_val":3.149e-7,"balance":341320,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"RU","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"ALROSA PJSC","title":"OFAC RESTR ALROSA PJSC","isin":"RU0007252813","value_usd":24.13,"pct_val":2.227e-7,"balance":19084530,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"RU","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"FARMERS BUSINESS NETWORK INC PP","title":"Farmers Business Network Inc PP","isin":null,"value_usd":0,"pct_val":0,"balance":107511,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1486048&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/t-rowe-price-real-assets-fund-inc.json","page":"https://dealcharts.org/capitalmarkets/funds/t-rowe-price-real-assets-fund-inc/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: T. Rowe Price Real Assets Fund, Inc. | LEI: 5493008NLR7XEV5QEO07 | 370 positions totaling $12,297,171,090 across DBT, STIV, EP, DFE, EC | Filing: Wed Feb 25 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-02-26"}