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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AMG Critical Materials N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ERAMET SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ENERSYS</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>EVE Energy Co., Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MINERAL RESOURCES LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IGO LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SAMSUNG SDI CO., LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LG ENERGY SOLUTION, LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TDK CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Contemporary Amperex Technology Co., Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shanghai Putailai New Energy Technology Co., Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <name>Yunnan Energy New Material Co., Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Tianqi Lithium Corporation</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ECOPRO BM CO.,LTD.</name>
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        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <name>BANK OF NEW YORK (THE)</name>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGXI SPECIAL ELECTRIC MOTOR CO.,LTD</name>
        <lei>300300WSYPJBOP68R712</lei>
        <title>JIANGXI SPECIAL ELECTRIC -A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007F4"/>
        </identifiers>
        <balance>11459377.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.29180000"/>
        <valUSD>10937939.04000000</valUSD>
        <pctVal>1.077081881280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PILBARA MINERALS LIMITED</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>PILBARA MINERALS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PLS0"/>
        </identifiers>
        <balance>23319855.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60321000"/>
        <valUSD>33455172.12000000</valUSD>
        <pctVal>3.294401220724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16382815.55"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lithium Americas Corp</name>
        <lei>N/A</lei>
        <title>LITHIUM AMERICAS CORP COMMON STOCK</title>
        <cusip>53681J103</cusip>
        <identifiers>
          <isin value="CA53681J1030"/>
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        <balance>1573834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.44825000"/>
        <valUSD>4727207.25000000</valUSD>
        <pctVal>0.465498048527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3907630.01"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2025-02-05</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00182088"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>600.58000000</valUSD>
        <pctVal>0.000059140376</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
              <counterpartyLei>HPFHU0OQ28E4N0NFVK49</counterpartyLei>
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            <amtCurSold>790604.21000000</amtCurSold>
            <curSold>CNY</curSold>
            <amtCurPur>109049.09000000</amtCurPur>
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            <settlementDt>2025-02-05</settlementDt>
            <unrealizedAppr>600.58000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ioneer Ltd</name>
        <lei>N/A</lei>
        <title>IONEER LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000028946"/>
        </identifiers>
        <balance>15626594.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60321000"/>
        <valUSD>1657001.25000000</valUSD>
        <pctVal>0.163168401022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1291070.33"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALBEMARLE CORPORATION</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>ALBEMARLE CORP COMMON STOCK</title>
        <cusip>012653101</cusip>
        <identifiers>
          <isin value="US0126531013"/>
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        <balance>991808.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83500315.52000000</valUSD>
        <pctVal>8.222451834749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2141.25"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ganfeng Lithium Group Co., Ltd.</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>GANFENG LITHIUM GROUP CO L-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SF6"/>
        </identifiers>
        <balance>9114600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.29180000"/>
        <valUSD>41349319.51000000</valUSD>
        <pctVal>4.071754531145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Lithium Ltd</name>
        <lei>N/A</lei>
        <title>STANDARD LITHIUM LTD COMMON STOCK</title>
        <cusip>853606101</cusip>
        <identifiers>
          <isin value="CA8536061010"/>
        </identifiers>
        <balance>1424983.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.44825000"/>
        <valUSD>2144977.00000000</valUSD>
        <pctVal>0.211220400298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="195373.46"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinomine Resource Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SINOMINE RESOURCE GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001WV3"/>
        </identifiers>
        <balance>4236626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.29180000"/>
        <valUSD>22002938.45000000</valUSD>
        <pctVal>2.166675664653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lithium Americas (Argentina) Corp</name>
        <lei>529900Q9ENG7EHHZ5R75</lei>
        <title>LITHIUM ARGENTINA AG COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1403212751"/>
        </identifiers>
        <balance>1143443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.44825000"/>
        <valUSD>2968648.84000000</valUSD>
        <pctVal>0.292329100185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1048183.82"/>
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      <invstOrSec>
        <name>L&amp;F CO., LTD</name>
        <lei>9884002SUW2JTU2FXU05</lei>
        <title>L&amp;F CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7066970005"/>
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        <balance>213826.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1453.00000000"/>
        <valUSD>12964948.80000000</valUSD>
        <pctVal>1.276685799138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARCADIUM LITHIUM PLC</name>
        <lei>5299008YH4W6QL5DPN51</lei>
        <title>ARCADIUM LITHIUM PLC COMMON STOCK</title>
        <cusip>G0508H110</cusip>
        <identifiers>
          <isin value="JE00BM9HZ112"/>
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        <balance>8743511.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50187753.14000000</valUSD>
        <pctVal>4.942093695312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2025-02-05</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00182090"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>632.06000000</valUSD>
        <pctVal>0.000062240278</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
              <counterpartyLei>HPFHU0OQ28E4N0NFVK49</counterpartyLei>
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            <amtCurPur>114764.76000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-02-05</settlementDt>
            <unrealizedAppr>632.06000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Panasonic Holdings Corporation</name>
        <lei>254900GE1G59KGWPHX32</lei>
        <title>Panasonic Holdings Corporation COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3866800000"/>
        </identifiers>
        <balance>4891972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.85000000"/>
        <valUSD>50451916.59000000</valUSD>
        <pctVal>4.968106426289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NAURA Technology Group Co., Ltd.</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA TECHNOLOGY GROUP CO-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
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        <balance>824141.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.29180000"/>
        <valUSD>42609665.24000000</valUSD>
        <pctVal>4.195863428166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BNYREPOS</name>
        <lei>N/A</lei>
        <title>BNYREPOS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="BNYREPOS"/>
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        <balance>94827635</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94827635</valUSD>
        <pctVal>9.337876827591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="N/A" name="BNYREPOS"/>
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          <isTriParty>Y</isTriParty>
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          <maturityDt>N/A</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>94827635</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>94827635</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="94827635" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BYD COMPANY LIMITED</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
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        <balance>1190874.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79160000"/>
        <valUSD>41725525.18000000</valUSD>
        <pctVal>4.108800295371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAYONA MINING LIMITED</name>
        <lei>5299007N8RQDP4IN4F31</lei>
        <title>SAYONA MINING LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SYA5"/>
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        <balance>76333926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60321000"/>
        <valUSD>1095103.14000000</valUSD>
        <pctVal>0.107837111352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="858727.44"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sigma Lithium Corp</name>
        <lei>N/A</lei>
        <title>SIGMA LITHIUM CORP COMMON STOCK</title>
        <cusip>826599102</cusip>
        <identifiers>
          <isin value="CA8265991023"/>
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        <balance>437217.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4700082.75000000</valUSD>
        <pctVal>0.462827041916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="3586131.15"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: USD/CNY SETTLE 2025-02-05</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00182083"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>682.35000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
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            <amtCurSold>898255.00000000</amtCurSold>
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            <amtCurPur>123897.50000000</amtCurPur>
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            <settlementDt>2025-02-05</settlementDt>
            <unrealizedAppr>682.35000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sociedad Quimica y Minera de Chile S.A.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LIONTOWN RESOURCES LIMITED</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VULCAN ENERGY RESOURCES LIMITED</name>
        <lei>8945006OYFHQ9HE4XE54</lei>
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        <cusip>N/A</cusip>
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        <balance>926665.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
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        <cusip>N/A</cusip>
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        <balance>1.00000000</balance>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Guangzhou Tinci Materials Technology Co., Ltd</name>
        <lei>836800Y28XV3QK34CB65</lei>
        <title>GUANGZHOU TINCI MATERIALS -A COMMON STOCK</title>
        <cusip>N/A</cusip>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SUNWODA ELECTRONIC CO., LTD</name>
        <lei>836800CQGW5QDXND0Q43</lei>
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        <cusip>N/A</cusip>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Lead Intelligent Equipment CO.,LTD.</name>
        <lei>836800J7WO9E2EF72B65</lei>
        <title>WUXI LEAD INTELLIGENT EQUI-A COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001ZF9"/>
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        <currencyConditional curCd="CNY" exchangeRt="7.29180000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LUCID GROUP, INC.</name>
        <lei>N/A</lei>
        <title>LUCID GROUP INC COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Patriot Battery Metals Inc</name>
        <lei>529900XDIJAIG9QO0I38</lei>
        <title>PATRIOT BATTERY METALS INC COMMON STOCK</title>
        <cusip>70337R107</cusip>
        <identifiers>
          <isin value="CA70337R1073"/>
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        <currencyConditional curCd="CAD" exchangeRt="1.44825000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>GLOBAL X FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joe Costello</ncom:signature>
      <ncom:signerName>Joe Costello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
