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618435 8100 SH SOLE 8100 0 0 Global X Silver Miners ETF ETP 37954Y848 630560 7000 SH SOLE 7000 0 0 Gold Fields Ltd Common 38059T106 1965820 43300 SH SOLE 43300 0 0 Grupo Cibest SA Common 40090E106 1740159 23900 SH SOLE 23900 0 0 Grupo Televisa SAB Common 40049J206 1315029 451900 SH SOLE 451900 0 0 Harmony Gold Mining Co Ltd Common 413216300 1763623 117000 SH SOLE 117000 0 0 Headwater Exploration Inc Common 422096107 4217370 328200 SH SOLE 328200 0 0 Howmet Aerospace Inc Common 443201108 11414914 49531 SH SOLE 49531 0 0 Hudbay Minerals Inc Common 443628102 983138 33750 SH SOLE 33750 0 0 Imperial Oil Ltd Common 453038408 12002173 65870 SH SOLE 65870 0 0 Invesco Dorsey Wright Emerging Markets Momentum ETF ETP 46138E867 601293 23100 SH SOLE 23100 0 0 Invesco S&P MidCap Momentum ET ETP 46137V464 348048 2400 SH SOLE 2400 0 0 Invesco Solar ETF ETP 46138G706 479106 8600 SH SOLE 8600 0 0 iShares Latin America 40 ETF ETP 464287390 426240 12000 SH SOLE 12000 0 0 iShares MSCI Brazil ETF ETP 464286400 426129 11100 SH SOLE 11100 0 0 iShares MSCI Emerging Markets ETF ETP 464287234 232839 4100 SH SOLE 4100 0 0 iShares MSCI Japan ETF ETP 46434G822 371536 4400 SH SOLE 4400 0 0 iShares MSCI Spain ETF ETP 464286764 488790 9000 SH SOLE 9000 0 0 iShares MSCI Taiwan ETF ETP 46434G772 177300 2500 SH SOLE 2500 0 0 JD.com Inc Common 47215P106 870839 30500 SH SOLE 30500 0 0 KB Financial Group Inc Common 48241A105 1156868 11600 SH SOLE 11600 0 0 Kinross Gold Corp Common 496902404 5639478 132600 SH SOLE 132600 0 0 Korea Electric Power Corp Common 500631106 1020300 71600 SH SOLE 71600 0 0 Lam Research Corp Common 512807306 147425 690 SH SOLE 690 0 0 Li Auto Inc Common 50202M102 1547644 86800 SH SOLE 86800 0 0 Lufax Holding Ltd Common 54975P201 999889 534700 SH SOLE 534700 0 0 Manulife Financial Corp Common 56501R106 3531704 73700 SH SOLE 73700 0 0 Mitsubishi UFJ Financial Group Inc Common 606822104 1505239 88700 SH SOLE 88700 0 0 NatWest Group PLC Common 639057207 1303750 87500 SH SOLE 87500 0 0 NU Holdings Ltd/Cayman Islands Common G6683N103 310392 21600 SH SOLE 21600 0 0 Nutrien Ltd Common 67077M108 13157753 125300 SH SOLE 125300 0 0 NVIDIA Corp Common 67066G104 6191200 35500 SH SOLE 35500 0 0 Pacer Developed Markets International Cash Cows 100 ETF ETP 69374H873 598404 14100 SH SOLE 14100 0 0 Pacer Global Cash Cows Dividend ETF ETP 69374H709 647360 14000 SH SOLE 14000 0 0 POSCO Holdings Inc Common 693483109 1392062 23800 SH SOLE 23800 0 0 RELX PLC Common 759530108 590070 17800 SH SOLE 17800 0 0 Rio Tinto PLC Common 767204100 2015064 21600 SH SOLE 21600 0 0 RTX Corp Common 75513E101 7984131 41390 SH SOLE 41390 0 0 SAP SE Common 803054204 513268 3050 SH SOLE 3050 0 0 Sasol Ltd Common 803866300 1283040 99000 SH SOLE 99000 0 0 Sea Ltd Common 81141R100 1498861 18100 SH SOLE 18100 0 0 Sociedad Quimica y Minera de Chile SA Common 833635105 2088252 25800 SH SOLE 25800 0 0 Sprott Gold Miners ETF ETP 85210B102 656763 8700 SH SOLE 8700 0 0 Sprott Physical Gold Trust ETP 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0 UBS Group AG Common H42097107 1249090 32800 SH SOLE 32800 0 0 Vale SA Common 91912E105 1546452 97200 SH SOLE 97200 0 0 VanEck Agribusiness ETF ETP 92189F700 625300 7400 SH SOLE 7400 0 0 VanEck Junior Gold Miners ETF ETP 92189F791 360120 3000 SH SOLE 3000 0 0 VanEck Oil Services ETF ETP 92189H607 646736 1600 SH SOLE 1600 0 0 VanEck Rare Earth and Strategic Metals ETF ETP 92189H805 149600 1700 SH SOLE 1700 0 0 Vanguard Industrials ETF ETP 92204A603 249776 800 SH SOLE 800 0 0 Vodafone Group PLC Common 92857W308 1724296 114800 SH SOLE 114800 0 0 Wipro Ltd Common 97651M109 482936 227800 SH SOLE 227800 0 0 WisdomTree Japan Hedged Equity Fund ETP 97717W851 602604 3800 SH SOLE 3800 0 0 Woodside Energy Group Ltd Common 980228308 1595184 66800 SH SOLE 66800 0 0 Woori Financial Group Inc Common 981064108 1172160 17600 SH SOLE 17600 0 0 WPP PLC Common 92937A102 534920 34400 SH SOLE 34400 0 0 Xtrackers Harvest CSI 300 China A-Shares ETF ETP 233051879 453696 13900 SH SOLE 13900 0 0 YPF SA Common 984245100 3471122 75100 SH SOLE 75100 0 0 Zai Lab Ltd Common 98887Q104 1250865 66500 SH SOLE 66500 0 0