The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AdvisorShares Dorsey Wright ADR ETF ETP 00768Y206   401,760 5,400 SH   SOLE   5,400 0 0
Agnico Eagle Mines Ltd Common 008474108   23,589,651 151,303 SH   SOLE   151,303 0 0
Alamos Gold Inc Common 011532108   6,270,811 163,090 SH   SOLE   163,090 0 0
Alerian MLP ETF ETP 00162Q452   691,841 13,320 SH   SOLE   13,320 0 0
Alibaba Group Holding Ltd Common 01609W102   714,571 5,404 SH   SOLE   5,404 0 0
Amplify Junior Silver Miners ETF ETP 032108649   490,860 40,500 SH   SOLE   40,500 0 0
ArcelorMittal SA Common 03938L203   123,161 4,269 SH   SOLE   4,269 0 0
Ascendis Pharma A/S Common 04351P101   156,483 1,004 SH   SOLE   1,004 0 0
ASE Technology Holding Co Ltd Common 00215W100   204,108 23,300 SH   SOLE   23,300 0 0
ASML Holding NV Common N07059210   107,015 162 SH   SOLE   162 0 0
Baidu Inc Common 056752108   364,899 3,965 SH   SOLE   3,965 0 0
Baker Hughes Co Common 05722G100   6,745,604 154,450 SH   SOLE   154,450 0 0
Banco Bilbao Vizcaya Argentaria SA Common 05946K101   481,423 36,763 SH   SOLE   36,763 0 0
Banco Bradesco SA Common 059460303   261,024 119,500 SH   SOLE   119,500 0 0
Banco Macro SA Common 05961W105   601,890 7,971 SH   SOLE   7,971 0 0
Banco Santander SA Common 05964H105   195,609 29,693 SH   SOLE   29,693 0 0
Bancolombia SA Common 05968L102   164,012 4,114 SH   SOLE   4,114 0 0
Bank of Montreal Common 063671101   11,095,437 81,722 SH   SOLE   81,722 0 0
Bank of Nova Scotia/The Common 064149107   349,620 5,205 SH   SOLE   5,205 0 0
Barclays PLC Common 06738E204   242,150 15,765 SH   SOLE   15,765 0 0
Bilibili Inc Common 090040106   435,708 22,800 SH   SOLE   22,800 0 0
BioNTech SE Common 09075V102   287,750 3,160 SH   SOLE   3,160 0 0
Boston Scientific Corp Common 101137107   3,813,264 37,800 SH   SOLE   37,800 0 0
BP PLC Common 055622104   116,576 3,450 SH   SOLE   3,450 0 0
BRF SA Common 10552T107   148,181 43,076 SH   SOLE   43,076 0 0
Canadian Imperial Bank of Commerce Common 136069101   389,693 4,814 SH   SOLE   4,814 0 0
Cheniere Energy Inc Common 16411R208   10,483,885 45,402 SH   SOLE   45,402 0 0
Cia Cervecerias Unidas SA Common 204429104   143,057 9,543 SH   SOLE   9,543 0 0
Cia de Minas Buenaventura SAA Common 204448104   1,802,428 117,622 SH   SOLE   117,622 0 0
Cia Paranaense de Energia - Copel Common 20441B605   250,919 35,600 SH   SOLE   35,600 0 0
Cia Siderurgica Nacional SA Common 20440W105   241,247 144,459 SH   SOLE   144,459 0 0
Cosan SA Common 22113B103   138,330 26,500 SH   SOLE   26,500 0 0
CRH PLC Common G25508105   224,324 2,550 SH   SOLE   2,550 0 0
Criteo SA Common 226718104   172,376 4,868 SH   SOLE   4,868 0 0
Dada Nexus Ltd Common 23344D108   249,565 134,900 SH   SOLE   134,900 0 0
Daqo New Energy Corp Common 23703Q203   190,155 10,500 SH   SOLE   10,500 0 0
Deere & Co Common 244199105   2,575,793 5,488 SH   SOLE   5,488 0 0
Ecopetrol SA Common 279158109   281,679 29,900 SH   SOLE   29,900 0 0
Embraer SA Common 29082A107   3,833,676 82,980 SH   SOLE   82,980 0 0
Enbridge Inc Common 29250N105   13,513,298 212,173 SH   SOLE   212,173 0 0
Endava PLC Common 29260V105   156,080 8,000 SH   SOLE   8,000 0 0
Enel Chile SA Common 29278D105   398,947 122,002 SH   SOLE   122,002 0 0
Eni SpA Common 26874R108   112,987 3,653 SH   SOLE   3,653 0 0
Equinor ASA Common 29446M102   102,388 3,871 SH   SOLE   3,871 0 0
Expand Energy Corp Common 165167735   7,693,214 69,109 SH   SOLE   69,109 0 0
Financial Select Sector SPDR Fund ETP 81369Y605   570,325 11,450 SH   SOLE   11,450 0 0
Franco-Nevada Corp Common 351858105   741,231 3,275 SH   SOLE   3,275 0 0
Full Truck Alliance Co Ltd Common 35969L108   228,093 18,017 SH   SOLE   18,017 0 0
Futu Holdings Ltd Common 36118L106   486,981 4,758 SH   SOLE   4,758 0 0
Galapagos NV Common 36315X101   339,547 13,517 SH   SOLE   13,517 0 0
GDS Holdings Ltd Common 36165L108   1,028,398 40,600 SH   SOLE   40,600 0 0
GFL Environmental Inc Common 36168Q104   965,892 20,000 SH   SOLE   20,000 0 0
GFL Environmental Inc Common 36168Q104   6,852,192 98,610 SH   SOLE   98,610 0 0
Global X Copper Miners ETF ETP 37954Y830   265,676 6,800 SH   SOLE   6,800 0 0
Global X MSCI Argentina ETF ETP 37950E259   121,155 1,500 SH   SOLE   1,500 0 0
Global X MSCI China Consumer Discretionary ETF ETP 37950E408   495,726 22,200 SH   SOLE   22,200 0 0
Global X Silver Miners ETF ETP 37954Y848   497,070 12,600 SH   SOLE   12,600 0 0
Gold Fields Ltd Common 38059T106   168,900 7,646 SH   SOLE   7,646 0 0
Goldman Sachs Group Inc/The Common 38141G104   6,223,336 11,392 SH   SOLE   11,392 0 0
Grupo Aeroportuario del Centro Norte SAB de CV Common 400501102   114,014 1,450 SH   SOLE   1,450 0 0
Grupo Financiero Galicia SA Common 399909100   690,897 12,684 SH   SOLE   12,684 0 0
Grupo Televisa SAB Common 40049J206   144,725 82,700 SH   SOLE   82,700 0 0
GSK PLC Common 37733W204   128,733 3,323 SH   SOLE   3,323 0 0
Harmony Gold Mining Co Ltd Common 413216300   940,049 64,119 SH   SOLE   64,119 0 0
Hello Group Inc Common 423403104   379,570 63,604 SH   SOLE   63,604 0 0
Howmet Aerospace Inc Common 443201108   12,227,065 94,310 SH   SOLE   94,310 0 0
HSBC Holdings PLC Common 404280406   175,324 3,080 SH   SOLE   3,080 0 0
InterContinental Hotels Group PLC Common 45857P806   146,126 1,348 SH   SOLE   1,348 0 0
iQIYI Inc Common 46267X108   332,898 147,300 SH   SOLE   147,300 0 0
iShares Asia 50 ETF ETP 464288430   224,285 3,100 SH   SOLE   3,100 0 0
iShares Bitcoin Trust ETF ETP 46438F101   205,964 4,400 SH   SOLE   4,400 0 0
iShares China Large-Cap ETF ETP 464287184   351,232 9,800 SH   SOLE   9,800 0 0
iShares Global Infrastructure ETF ETP 464288372   311,619 5,700 SH   SOLE   5,700 0 0
iShares MSCI Europe Financials ETF ETP 464289180   690,883 24,250 SH   SOLE   24,250 0 0
iShares MSCI Eurozone ETF ETP 464286608   628,350 11,800 SH   SOLE   11,800 0 0
iShares MSCI Germany ETF ETP 464286806   378,216 10,200 SH   SOLE   10,200 0 0
iShares MSCI Japan ETF ETP 46434G822   500,488 7,300 SH   SOLE   7,300 0 0
iShares U.S. Aerospace & Defense ETF ETP 464288760   356,723 2,330 SH   SOLE   2,330 0 0
iShares U.S. Medical Devices ETF ETP 464288810   204,646 3,400 SH   SOLE   3,400 0 0
Japan Smaller Capitalization Fund Inc ETP 47109U104   358,253 42,700 SH   SOLE   42,700 0 0
JD.com Inc Common 47215P106   399,424 10,000 SH   SOLE   10,000 0 0
JinkoSolar Holding Co Ltd Common 47759T100   264,241 14,176 SH   SOLE   14,176 0 0
JPMorgan Chase & Co Common 46625H100   12,826,960 52,613 SH   SOLE   52,613 0 0
KB Financial Group Inc Common 48241A105   164,657 3,043 SH   SOLE   3,043 0 0
Kingsoft Cloud Holdings Ltd Common 49639K101   1,387,176 96,600 SH   SOLE   96,600 0 0
Kinross Gold Corp Common 496902404   14,441,651 796,561 SH   SOLE   796,561 0 0
Koninklijke Philips NV Common 500472303   318,173 12,986 SH   SOLE   12,986 0 0
Korea Electric Power Corp Common 500631106   126,081 17,015 SH   SOLE   17,015 0 0
KraneShares CSI China Internet ETF ETP 500767306   492,231 14,100 SH   SOLE   14,100 0 0
Lufax Holding Ltd Common 54975P201   180,576 60,800 SH   SOLE   60,800 0 0
Manulife Financial Corp Common 56501R106   9,983,402 222,645 SH   SOLE   222,645 0 0
Meta Platforms Inc Common 30303M102   11,317,405 19,636 SH   SOLE   19,636 0 0
MINISO Group Holding Ltd Common 66981J102   213,768 11,800 SH   SOLE   11,800 0 0
Mitsubishi UFJ Financial Group Inc Common 606822104   463,420 34,000 SH   SOLE   34,000 0 0
Mizuho Financial Group Inc Common 60687Y109   551,948 100,172 SH   SOLE   100,172 0 0
NatWest Group PLC Common 639057207   261,334 21,924 SH   SOLE   21,924 0 0
Netflix Inc Common 64110L106   4,074,224 4,369 SH   SOLE   4,369 0 0
New Oriental Education & Technology Group Inc Common 647581206   325,108 6,800 SH   SOLE   6,800 0 0
Pampa Energia SA Common 697660207   347,400 4,500 SH   SOLE   4,500 0 0
PDD Holdings Inc Common 722304102   177,525 1,500 SH   SOLE   1,500 0 0
Pearson PLC Common 705015105   483,678 30,211 SH   SOLE   30,211 0 0
Petroleo Brasileiro SA Common 71654V408   110,214 7,862 SH   SOLE   7,862 0 0
PLDT Inc Common 69344D408   114,249 5,224 SH   SOLE   5,224 0 0
ProShares UltraPro Short QQQ ETP 74347G192   540,594 14,100 SH   SOLE   14,100 0 0
Prudential PLC Common 74435K204   313,900 14,600 SH   SOLE   14,600 0 0
Qifu Technology Inc Common 88557W101   689,342 15,638 SH   SOLE   15,638 0 0
RLX Technology Inc Common 74969N103   262,824 139,800 SH   SOLE   139,800 0 0
SAP SE Common 803054204   292,726 1,100 SH   SOLE   1,100 0 0
Sasol Ltd Common 803866300   206,936 48,921 SH   SOLE   48,921 0 0
Sea Ltd Common 81141R100   3,357,508 25,730 SH   SOLE   25,730 0 0
Select STOXX Europe Aerospace & Defense ETF ETP 84858T772   140,826 4,200 SH   SOLE   4,200 0 0
Sendas Distribuidora S/A Common 81689T104   272,134 40,200 SH   SOLE   40,200 0 0
Silicon Motion Technology Corp Common 82706C108   101,976 2,036 SH   SOLE   2,036 0 0
SK Telecom Co Ltd Common 78440P306   267,876 12,600 SH   SOLE   12,600 0 0
Sociedad Quimica y Minera de Chile SA Common 833635105   254,272 6,400 SH   SOLE   6,400 0 0
SPDR S&P Insurance ETF ETP 78464A789   620,433 10,250 SH   SOLE   10,250 0 0
Sprott Junior Copper Miners ETF ETP 85208P501   414,920 20,500 SH   SOLE   20,500 0 0
Sprott Physical Gold Trust ETP 85207H104   10,963,420 455,670 SH   SOLE   455,670 0 0
Sprott Physical Silver Trust ETP 85207K107   1,162,320 100,200 SH   SOLE   100,200 0 0
Sumitomo Mitsui Financial Group Inc Common 86562M209   477,003 30,854 SH   SOLE   30,854 0 0
Taiwan Semiconductor Manufacturing Co Ltd Common 874039100   398,898 2,403 SH   SOLE   2,403 0 0
TC Energy Corp Common 87807B107   9,892,937 145,570 SH   SOLE   145,570 0 0
Tencent Music Entertainment Group Common 88034P109   207,770 14,600 SH   SOLE   14,600 0 0
Teva Pharmaceutical Industries Ltd Common 881624209   198,273 12,900 SH   SOLE   12,900 0 0
Toronto-Dominion Bank/The Common 891160509   374,497 4,400 SH   SOLE   4,400 0 0
TotalEnergies SE Common 89151E109   361,552 5,589 SH   SOLE   5,589 0 0
Trip.com Group Ltd Common 89677Q107   503,999 7,927 SH   SOLE   7,927 0 0
Triple Flag Precious Metals Corp Common 89679M104   272,547 9,900 SH   SOLE   9,900 0 0
Turkcell Iletisim Hizmetleri AS Common 900111204   322,296 51,816 SH   SOLE   51,816 0 0
UBS Group AG Common H42097107   400,407 13,489 SH   SOLE   13,489 0 0
United Microelectronics Corp Common 910873405   110,446 15,447 SH   SOLE   15,447 0 0
Unity Software Inc Common 91332U101   2,899,751 148,022 SH   SOLE   148,022 0 0
VanEck Gold Miners ETF/USA ETP 92189F106   576,924 12,550 SH   SOLE   12,550 0 0
VanEck Junior Gold Miners ETF ETP 92189F791   509,080 8,900 SH   SOLE   8,900 0 0
Verona Pharma PLC Common 925050106   546,014 8,600 SH   SOLE   8,600 0 0
Vipshop Holdings Ltd Common 92763W103   232,651 15,400 SH   SOLE   15,400 0 0
Visa Inc Common 92826C839   9,042,270 25,844 SH   SOLE   25,844 0 0
Vodafone Group PLC Common 92857W308   307,336 32,800 SH   SOLE   32,800 0 0
Waste Connections Inc Common 94106B101   9,159,129 32,706 SH   SOLE   32,706 0 0
Weibo Corp Common 948596101   278,170 32,800 SH   SOLE   32,800 0 0
Wheaton Precious Metals Corp Common 962879102   10,602,831 95,150 SH   SOLE   95,150 0 0
Wipro Ltd Common 97651M109   291,618 95,300 SH   SOLE   95,300 0 0
WisdomTree India Earnings Fund Common 97717W422   384,648 8,800 SH   SOLE   8,800 0 0
XPeng Inc Common 98422D105   725,200 35,000 SH   SOLE   35,000 0 0
YPF SA Common 984245100   322,368 9,200 SH   SOLE   9,200 0 0
Zai Lab Ltd Common 98887Q104   625,222 17,300 SH   SOLE   17,300 0 0
ZTO Express Cayman Inc Common 98980A105   118,922 6,114 SH   SOLE   6,114 0 0