BAROMETER CAPITAL MANAGEMENT INC. Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	Kinross Gold Corp	505,290 (+311807.4%)	$19,535 (+12377.9%)	4.7%	$38.86	—	Common	N07059210
ITA	Banco Santander SA	1,569,380 (+198555.7%)	$18,409 (+11035.5%)	4.4%	$11.80	—	Common	464288760
CCJ	Banco Bradesco SA	404,900 (+172.3%)	$1,346 (-92.3%)	0.3%	$78.44	+14.7%	Common	13321L108
BBVA	Royal Bank of Canada	69,412 (+8.9%)	$16,127 (+1238.3%)	3.9%	$32.94	—	Common	05946K101
DGRO	Morgan Stanley	78,367 (+2076.9%)	$13,836 (+5545.4%)	3.3%	$171.57	—	Common	46434V621
GFI	Alphabet Inc	47,582 (+30.9%)	$14,893 (+876.6%)	3.6%	$95.53	—	Common	38059T106
MT	Hudbay Minerals Inc	481,960 (+11189.8%)	$13,133 (+8410.2%)	3.2%	$27.26	—	Common	03938L203
OMAB	Howmet Aerospace Inc	63,280 (+4264.1%)	$12,966 (+8509.0%)	3.1%	$201.76	—	Common	400501102
IDV	NVIDIA Corp	68,487 (+987.1%)	$12,773 (+5447.0%)	3.1%	$172.52	—	Common	464288448
HSBC	JPMorgan Chase & Co	41,574 (+187.1%)	$13,336 (+1206.6%)	3.2%	$230.03	—	Common	404280406
AIA	Lam Research Corp	73,710 (+2133.6%)	$12,618 (+3941.8%)	3.0%	$166.94	—	Common	464288430
EWP	Rio Tinto PLC	145,250 (+1945.8%)	$11,624 (+3207.5%)	2.8%	$78.27	—	Common	464286764
IHG	Eli Lilly & Co	11,452 (+29.4%)	$12,307 (+1047.1%)	3.0%	$332.89	—	Common	45857P806
AU	Canadian Imperial Bank of Commerce	99,139 (+523.5%)	$12,336 (+1003.1%)	3.0%	$72.71	+6.6%	Common	G0378L100
META	Sasol Ltd	79,500 (+411.0%)	$518 (-95.5%)	0.1%	$586.26	+13.8%	Common	30303M102
AEM	Alamos Gold Inc	168,200 (+104.3%)	$8,915 (-53.8%)	2.1%	$152.67	+9.9%	Common	008474108
ASND	Imperial Oil Ltd	91,392 (+2241.0%)	$10,837 (+1296.3%)	2.6%	$121.54	—	Common	04351P101
COPX	General Electric Co	33,199 (+466.5%)	$10,226 (+2817.7%)	2.5%	$261.01	—	Common	37954Y830
AADR	Agnico Eagle Mines Ltd	43,230 (+1501.1%)	$10,062 (+4195.5%)	2.4%	$223.64	—	Common	00768Y206
EWT	RTX Corp	48,628 (+872.6%)	$8,918 (+2703.6%)	2.1%	$170.66	—	Common	46434G772
RY	Woodside Energy Group Ltd	139,800 (+187.4%)	$2,179 (-78.0%)	0.5%	$142.69	+7.6%	Common	780087102
CCU	Cia de Minas Buenaventura SAA	265,700 (+2684.2%)	$7,394 (+6293.1%)	1.8%	$27.37	—	Common	204429104
AVGO	Broadcom Inc	33,464 (+156.2%)	$11,582 (+168.7%)	2.8%	$317.13	+12.6%	Common	11135F101
BMA	Suncor Energy Inc	114,770 (+813.0%)	$6,992 (+1222.7%)	1.7%	$61.39	—	Common	05961W105
GE	GDS Holdings Ltd	127,200 (+268.3%)	$4,439 (-57.3%)	1.1%	$278.47	+8.0%	Common	369604301
DAVA	Embraer SA	80,220 (+301.1%)	$5,164 (+2737.2%)	1.2%	$51.88	—	Common	29260V105
MSFT	Teva Pharmaceutical Industries Ltd	132,500 (+664.4%)	$4,135 (-53.9%)	1.0%	$491.66	+1.8%	Common	594918104
EDU	Unity Software Inc	121,722 (+660.8%)	$5,376 (+533.2%)	1.3%	$45.63	—	Common	647581206
CAT	Barclays PLC	69,500 (+460.5%)	$1,769 (-70.0%)	0.4%	$532.29	+4.4%	Common	149123101
BIDU	Pan American Silver Corp	70,685 (+631.4%)	$5,030 (+295.0%)	1.2%	$75.98	—	Common	056752108
EA	Ecopetrol SA	87,400 (+291.5%)	$876 (-80.6%)	0.2%	$192.40	+4.8%	Common	285512109
NFLX	Grupo Televisa SAB	362,800 (+10245.0%)	$1,056 (-74.9%)	0.3%	$107.69	+0.1%	Common	64110L106
ETHE	Harmony Gold Mining Co Ltd	130,500 (+601.6%)	$2,597 (+307.4%)	0.6%	$21.95	—	Common	389638107
AXON	Novagold Resources Inc	21,905 (+673.5%)	$280 (-86.2%)	0.1%	$628.27	-1.2%	Common	05464C101
EUAD	XPeng Inc	103,000 (+1203.8%)	$2,089 (+462.9%)	0.5%	$21.80	—	Common	84858T772
LIT	Gold Fields Ltd	32,500 (+855.9%)	$1,419 (+634.1%)	0.3%	$45.04	—	Common	37954Y855
CM	Banco Bilbao Vizcaya Argentaria SA	56,900 (+1571.6%)	$1,326 (+250.4%)	0.3%	$84.26	+1.8%	Common	136069101
ILF	NatWest Group PLC	63,200 (+700.0%)	$1,106 (+384.6%)	0.3%	$18.92	—	Common	464287390
QTUM	Daqo New Energy Corp	42,900 (+1028.9%)	$1,266 (+217.5%)	0.3%	$36.18	—	Common	26922A420
BABA	Bank of Nova Scotia/The	11,454 (+614.1%)	$1,147 (+300.1%)	0.3%	$104.64	—	Common	01609W102
AXIA	Manulife Financial Corp	20,000 (+39.6%)	$999 (+603.0%)	0.2%	$19.50	—	Common	15234Q207
FUTU	First Trust Japan AlphaDEX Fund	8,700 (+12.9%)	$584 (-56.4%)	0.1%	$107.78	—	ETP	36118L106
ESGE	Mitsubishi UFJ Financial Group Inc	71,200 (+709.1%)	$1,129 (+195.5%)	0.3%	$18.86	—	Common	46434G863
SIMO	YPF SA	24,100 (+1083.7%)	$871 (+351.5%)	0.2%	$38.87	—	Common	82706C108
EEM	Pampa Energia SA	11,900 (+67.6%)	$1,053 (+177.8%)	0.3%	$67.56	—	Common	464287234
URA	Genmab A/S	30,600 (+424.9%)	$942 (+239.1%)	0.2%	$32.33	—	Common	37954Y871
PSO	Telefonica Brasil SA	64,600 (+545.3%)	$766 (+440.5%)	0.2%	$12.08	—	Common	705015105
MOMO	JD.com Inc	24,400 (+41.0%)	$700 (+445.4%)	0.2%	$12.73	—	Common	423403104
DQ	Endava PLC	85,300 (+125.1%)	$539 (-49.4%)	0.1%	$13.15	—	Common	23703Q203
RELX	Vodafone Group PLC	83,400 (+561.9%)	$1,102 (+83.1%)	0.3%	$18.43	—	Common	759530108
IBIT	Lufax Holding Ltd	162,500 (+1069.1%)	$416 (-54.0%)	0.1%	$6.85	—	Common	46438F101
SITM	Zai Lab Ltd	47,400 (+1002.3%)	$836 (-35.5%)	0.2%	$300.93	+4.0%	Common	82982T106
CRTO	Cosan SA	137,800 (+2730.7%)	$544 (+394.8%)	0.1%	$5.06	—	Common	226718104
SIL	Galapagos NV	27,700 (+319.7%)	$906 (+91.6%)	0.2%	$34.31	—	Common	37954Y848
AIRR	iShares MSCI Spain ETF	9,000 (+650.0%)	$485 (+318.2%)	0.1%	$59.61	—	ETP	33738R704
E	iShares MSCI Peru and Global Exposure ETF	6,600 (+80.7%)	$478 (+274.0%)	0.1%	$49.42	—	ETP	26874R108
BEKE	Cia Siderurgica Nacional SA	300,900 (+3734.6%)	$481 (+222.9%)	0.1%	$2.02	—	Common	482497104
GSK	iShares Latin America 40 ETF	15,200 (+357.4%)	$463 (+222.7%)	0.1%	$32.48	—	ETP	37733W204
EZU	iShares MSCI Global Metals & Mining Producers ETF	9,800 (+216.1%)	$503 (+162.0%)	0.1%	$52.65	—	ETP	464286608
EUFN	Sprott Physical Gold Trust	19,800 (+72.9%)	$654 (+66.3%)	0.2%	$30.40	—	ETP	464289180
GGAL	iShares Bitcoin Trust ETF	8,200 (+19.1%)	$407 (+115.1%)	0.1%	$30.34	—	ETP	399909100
EWS	RELX PLC	14,300 (+10.9%)	$578 (+58.1%)	0.1%	$27.39	—	Common	46434G780
JD	Cia de Saneamento Basico do Estado de Sao Paulo SABESP	39,332 (+82.1%)	$938 (+24.2%)	0.2%	$28.37	—	Common	47215P106
EPU	First Trust Rising Dividend Achievers ETF	6,300 (+34.0%)	$438 (+51.4%)	0.1%	$53.89	—	ETP	464289842
MUFG	Tencent Music Entertainment Group	59,700 (+2.1%)	$1,047 (+12.2%)	0.3%	$13.84	—	Common	606822104
XLI	Global X Lithium & Battery Tech ETF	3,500 (+337.5%)	$227 (+84.0%)	0.1%	$83.75	—	ETP	81369Y704
EWW	Sprott Physical Silver Trust	23,200 (+241.2%)	$549 (+18.3%)	0.1%	$36.71	—	ETP	464286822
XLF	iShares MSCI Europe Financials ETF	14,800 (+69.3%)	$549 (+16.6%)	0.1%	$40.24	—	ETP	81369Y605
GLPG	Fresenius Medical Care AG	37,100 (+34.3%)	$884 (-7.6%)	0.2%	$29.37	—	Common	36315X101
SAP	Wipro Ltd	184,100 (+8462.8%)	$510 (-11.3%)	0.1%	$5.88	—	Common	803054204
CRH	Criteo SA	36,000 (+441.4%)	$742 (-6.9%)	0.2%	$115.58	+3.1%	Common	G25508105
HOOD	Weibo Corp	89,400 (+1390.0%)	$914 (+6.4%)	0.2%	$128.64	+1.1%	Common	770700102
RDVY	iShares MSCI Brazil ETF	11,000 (+150.6%)	$349 (+18.4%)	0.1%	$45.93	—	ETP	33738R506
IMTM	Invesco Dorsey Wright Emerging Markets Momentum ETF	18,900 (+107.7%)	$447 (+2.5%)	0.1%	$34.26	—	ETP	46434V449

Exited Positions (42)

WPM Wheaton Precious Metals Corp 3.2%

Value ($000) $13,106 Shares 84,150 Est. Cost $72.73 Unrealized +47.2%

SU Suncor Energy Inc 2.2%

Value ($000) $9,268 Shares 159,140 Est. Cost $40.11 Unrealized +5.4%

STN Stantec Inc 1.7%

Value ($000) $7,053 Shares 46,990 Est. Cost $148.19 Unrealized —

U Unity Software Inc 1.3%

Value ($000) $5,274 Shares 131,722 Est. Cost $26.98 Unrealized +51.0%

TLK Telkom Indonesia Persero Tbk PT 1.0%

Value ($000) $4,201 Shares 223,200 Est. Cost $17.89 Unrealized —

TTWO Take-Two Interactive Software Inc 0.8%

Value ($000) $3,261 Shares 12,623 Est. Cost $229.39 Unrealized +8.7%

— Verona Pharma PLC 0.5%

Value ($000) $2,081 Shares 19,500 Est. Cost $68.30 Unrealized —

WDS Woodside Energy Group Ltd 0.5%

Value ($000) $1,946 Shares 129,306 Est. Cost $15.27 Unrealized —

XPEV XPeng Inc 0.5%

Value ($000) $1,939 Shares 82,800 Est. Cost $16.72 Unrealized —

ZLAB Zai Lab Ltd 0.3%

Value ($000) $1,420 Shares 41,900 Est. Cost $28.91 Unrealized —

PHYS Sprott Physical Gold Trust 0.3%

Value ($000) $1,236 Shares 36,200 Est. Cost $25.33 Unrealized —

TME Tencent Music Entertainment Group 0.3%

Value ($000) $1,230 Shares 52,700 Est. Cost $19.87 Unrealized —

TSM Taiwan Semiconductor Manufacturing Co Ltd 0.3%

Value ($000) $1,230 Shares 4,403 Est. Cost $210.46 Unrealized —

SMFG Sumitomo Mitsui Financial Group Inc 0.2%

Value ($000) $1,005 Shares 60,054 Est. Cost $14.20 Unrealized —

WB Weibo Corp 0.2%

Value ($000) $978 Shares 78,900 Est. Cost $10.38 Unrealized —

UBS UBS Group AG 0.2%

Value ($000) $934 Shares 22,789 Est. Cost $33.51 Unrealized +20.6%

VOD Vodafone Group PLC 0.2%

Value ($000) $854 Shares 73,600 Est. Cost $10.34 Unrealized —

VALE Vale SA 0.2%

Value ($000) $750 Shares 69,100 Est. Cost $10.86 Unrealized —

VIV Telefonica Brasil SA 0.2%

Value ($000) $726 Shares 57,100 Est. Cost $11.95 Unrealized —

SQM Sociedad Quimica y Minera de Chile SA 0.2%

Value ($000) $713 Shares 16,600 Est. Cost $39.41 Unrealized —

WF Woori Financial Group Inc 0.2%

Value ($000) $696 Shares 12,400 Est. Cost $56.15 Unrealized —

WPP WPP PLC 0.1%

Value ($000) $598 Shares 24,400 Est. Cost $24.52 Unrealized —

PSLV Sprott Physical Silver Trust 0.1%

Value ($000) $581 Shares 37,000 Est. Cost $2248.19 Unrealized —

XME State Street SPDR S&P Metals & Mining ETF 0.1%

Value ($000) $578 Shares 6,200 Est. Cost $71.83 Unrealized —

YPF YPF SA 0.1%

Value ($000) $517 Shares 21,300 Est. Cost $27.94 Unrealized —

SGDM Sprott Gold Miners ETF 0.1%

Value ($000) $465 Shares 7,500 Est. Cost $45.24 Unrealized —

WIT Wipro Ltd 0.1%

Value ($000) $429 Shares 163,100 Est. Cost $4.17 Unrealized —

COPJ Sprott Junior Copper Miners ETF 0.1%

Value ($000) $420 Shares 13,200 Est. Cost $20.24 Unrealized —

GDXJ VanEck Junior Gold Miners ETF 0.1%

Value ($000) $386 Shares 3,900 Est. Cost $40.32 Unrealized —

VEU Vanguard FTSE All-World ex-US ETF 0.1%

Value ($000) $371 Shares 5,200 Est. Cost $67.22 Unrealized —

SPY SPDR S&P 500 ETF Trust 0.1%

Value ($000) $350 Shares 525 Est. Cost $622.45 Unrealized —

NLR VanEck Uranium and Nuclear ETF 0.1%

Value ($000) $312 Shares 2,300 Est. Cost $111.18 Unrealized —

TCOM Trip.com Group Ltd 0.1%

Value ($000) $265 Shares 3,527 Est. Cost $51.02 Unrealized —

VGT Vanguard Information Technology ETF 0.0%

Value ($000) $157 Shares 210 Est. Cost $746.63 Unrealized —

KCE State Street SPDR S&P Capital Markets ETF 0.0%

Value ($000) $153 Shares 1,000 Est. Cost $145.72 Unrealized —

REMX VanEck Rare Earth and Strategic Metals ETF 0.0%

Value ($000) $151 Shares 2,300 Est. Cost $65.82 Unrealized —

TKC Turkcell Iletisim Hizmetleri AS 0.0%

Value ($000) $150 Shares 24,916 Est. Cost $6.70 Unrealized —

TIMB TIM SA/Brazil 0.0%

Value ($000) $147 Shares 6,634 Est. Cost $19.98 Unrealized —

AFK VanEck Africa Index ETF 0.0%

Value ($000) $139 Shares 5,700 Est. Cost $24.37 Unrealized —

ZTO ZTO Express Cayman Inc 0.0%

Value ($000) $117 Shares 6,114 Est. Cost $20.33 Unrealized —

UMC United Microelectronics Corp 0.0%

Value ($000) $117 Shares 15,447 Est. Cost $7.69 Unrealized —

— TotalEnergies SE 0.0%

Value ($000) $107 Shares 1,789 Est. Cost $59.69 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WPM	Wheaton Precious Metals Corp	84,150	$13,106	3.2%	$72.73	+47.2%	—	962879102
SU	Suncor Energy Inc	159,140	$9,268	2.2%	$40.11	+5.4%	—	867224107
STN	Stantec Inc	46,990	$7,053	1.7%	$148.19	—	—	85472N109
U	Unity Software Inc	131,722	$5,274	1.3%	$26.98	+51.0%	—	91332U101
TLK	Telkom Indonesia Persero Tbk PT	223,200	$4,201	1.0%	$17.89	—	—	715684106
TTWO	Take-Two Interactive Software Inc	12,623	$3,261	0.8%	$229.39	+8.7%	—	874054109
—	Verona Pharma PLC	19,500	$2,081	0.5%	$68.30	—	—	925050106
WDS	Woodside Energy Group Ltd	129,306	$1,946	0.5%	$15.27	—	—	980228308
XPEV	XPeng Inc	82,800	$1,939	0.5%	$16.72	—	—	98422D105
ZLAB	Zai Lab Ltd	41,900	$1,420	0.3%	$28.91	—	—	98887Q104
PHYS	Sprott Physical Gold Trust	36,200	$1,236	0.3%	$25.33	—	—	85207H104
TME	Tencent Music Entertainment Group	52,700	$1,230	0.3%	$19.87	—	—	88034P109
TSM	Taiwan Semiconductor Manufacturing Co Ltd	4,403	$1,230	0.3%	$210.46	—	—	874039100
SMFG	Sumitomo Mitsui Financial Group Inc	60,054	$1,005	0.2%	$14.20	—	—	86562M209
WB	Weibo Corp	78,900	$978	0.2%	$10.38	—	—	948596101
UBS	UBS Group AG	22,789	$934	0.2%	$33.51	+20.6%	—	H42097107
VOD	Vodafone Group PLC	73,600	$854	0.2%	$10.34	—	—	92857W308
VALE	Vale SA	69,100	$750	0.2%	$10.86	—	—	91912E105
VIV	Telefonica Brasil SA	57,100	$726	0.2%	$11.95	—	—	87936R205
SQM	Sociedad Quimica y Minera de Chile SA	16,600	$713	0.2%	$39.41	—	—	833635105
WF	Woori Financial Group Inc	12,400	$696	0.2%	$56.15	—	—	981064108
WPP	WPP PLC	24,400	$598	0.1%	$24.52	—	—	92937A102
PSLV	Sprott Physical Silver Trust	37,000	$581	0.1%	$2248.19	—	—	85207K107
XME	State Street SPDR S&P Metals & Mining ETF	6,200	$578	0.1%	$71.83	—	—	78464A755
YPF	YPF SA	21,300	$517	0.1%	$27.94	—	—	984245100
SGDM	Sprott Gold Miners ETF	7,500	$465	0.1%	$45.24	—	—	85210B102
WIT	Wipro Ltd	163,100	$429	0.1%	$4.17	—	—	97651M109
COPJ	Sprott Junior Copper Miners ETF	13,200	$420	0.1%	$20.24	—	—	85208P501
GDXJ	VanEck Junior Gold Miners ETF	3,900	$386	0.1%	$40.32	—	—	92189F791
VEU	Vanguard FTSE All-World ex-US ETF	5,200	$371	0.1%	$67.22	—	—	922042775
SPY	SPDR S&P 500 ETF Trust	525	$350	0.1%	$622.45	—	—	78462F103
NLR	VanEck Uranium and Nuclear ETF	2,300	$312	0.1%	$111.18	—	—	92189F601
TCOM	Trip.com Group Ltd	3,527	$265	0.1%	$51.02	—	—	89677Q107
VGT	Vanguard Information Technology ETF	210	$157	0.0%	$746.63	—	—	92204A702
KCE	State Street SPDR S&P Capital Markets ETF	1,000	$153	0.0%	$145.72	—	—	78464A771
REMX	VanEck Rare Earth and Strategic Metals ETF	2,300	$151	0.0%	$65.82	—	—	92189H805
TKC	Turkcell Iletisim Hizmetleri AS	24,916	$150	0.0%	$6.70	—	—	900111204
TIMB	TIM SA/Brazil	6,634	$147	0.0%	$19.98	—	—	88706T108
AFK	VanEck Africa Index ETF	5,700	$139	0.0%	$24.37	—	—	92189F866
ZTO	ZTO Express Cayman Inc	6,114	$117	0.0%	$20.33	—	—	98980A105
UMC	United Microelectronics Corp	15,447	$117	0.0%	$7.69	—	—	910873405
—	TotalEnergies SE	1,789	$107	0.0%	$59.69	—	—	89151E109

Decreased Positions (57)

IMO Korea Electric Power Corp 0.2%

Value ($000) $947 (-94.0%) Shares 57,400 (-54.4%) Est. Cost $72.32 Unrealized +25.4%

AGI Bank of Montreal 0.2%

Value ($000) $711 (-95.1%) Shares 4,023 (-98.7%) Est. Cost $28.59 Unrealized +21.9%

HWM Japan Smaller Capitalization Fund Inc 0.1%

Value ($000) $573 (-95.9%) Shares 52,100 (-26.2%) Est. Cost $90.30 Unrealized +120.4%

HBM KB Financial Group Inc 0.2%

Value ($000) $809 (-94.0%) Shares 9,400 (-98.5%) Est. Cost $10.85 Unrealized +55.8%

NVDA UBS Group AG 0.3%

Value ($000) $1,213 (-91.3%) Shares 26,200 (-64.9%) Est. Cost $125.82 Unrealized +47.9%

BVN Caterpillar Inc 3.3%

Value ($000) $13,599 (+590.7%) Shares 23,794 (-70.6%) Est. Cost $18.86 Unrealized —

JPM Sea Ltd 0.4%

Value ($000) $1,850 (-85.7%) Shares 14,500 (-64.9%) Est. Cost $131.76 Unrealized +134.9%

GEV General Dynamics Corp 1.2%

Value ($000) $4,861 (-65.4%) Shares 14,499 (-36.6%) Est. Cost $415.97 Unrealized +46.4%

MS Taiwan Semiconductor Manufacturing Co Ltd 0.3%

Value ($000) $1,091 (-87.1%) Shares 3,590 (-93.3%) Est. Cost $120.96 Unrealized +37.6%

CLS Baidu Inc 0.3%

Value ($000) $1,271 (-84.5%) Shares 9,725 (-59.4%) Est. Cost $201.61 Unrealized +49.5%

RTX Woori Financial Group Inc 0.2%

Value ($000) $829 (-88.3%) Shares 14,100 (-66.8%) Est. Cost $131.75 Unrealized +31.6%

LNG Banco Macro SA 0.2%

Value ($000) $853 (-88.0%) Shares 9,500 (-68.7%) Est. Cost $225.16 Unrealized -6.7%

BMO Apple Inc 2.8%

Value ($000) $11,691 (-34.6%) Shares 43,045 (-56.7%) Est. Cost $97.06 Unrealized +30.5%

PAAS Vale SA 0.2%

Value ($000) $1,019 (-85.6%) Shares 78,200 (-40.4%) Est. Cost $32.15 Unrealized +30.2%

GOOGL Celestica Inc 1.7%

Value ($000) $7,167 (-45.5%) Shares 17,653 (-67.4%) Est. Cost $209.20 Unrealized +36.5%

SAN Wheaton Precious Metals Corp 2.8%

Value ($000) $11,523 (-33.4%) Shares 71,409 (-95.7%) Est. Cost $8.27 Unrealized —

SE State Street SPDR S&P Metals & Mining ETF 0.1%

Value ($000) $466 (-91.8%) Shares 4,500 (-85.9%) Est. Cost $128.41 Unrealized —

MFG Tesla Inc 1.2%

Value ($000) $4,985 (+1906.9%) Shares 11,084 (-70.1%) Est. Cost $4.01 Unrealized —

LRCX VanEck Steel ETF 0.1%

Value ($000) $322 (-93.2%) Shares 3,800 (-89.2%) Est. Cost $78.86 Unrealized +97.0%

ENB iShares MSCI Emerging Markets ETF 0.1%

Value ($000) $460 (-89.1%) Shares 8,400 (-86.1%) Est. Cost $42.33 Unrealized +11.3%

CSCO Global X Copper Miners ETF 0.1%

Value ($000) $567 (-86.7%) Shares 7,900 (-87.4%) Est. Cost $60.38 Unrealized +22.2%

EMBJ New Oriental Education & Technology Group Inc 0.2%

Value ($000) $996 (-78.7%) Shares 18,100 (-76.6%) Est. Cost $47.24 Unrealized —

GDS Futu Holdings Ltd 0.3%

Value ($000) $1,067 (-70.5%) Shares 6,500 (-93.1%) Est. Cost $26.75 Unrealized —

KGC Global X Silver Miners ETF 0.1%

Value ($000) $476 (-84.0%) Shares 5,700 (-93.4%) Est. Cost $11.22 Unrealized +131.5%

HMY iShares MSCI International Momentum Factor ETF 0.1%

Value ($000) $461 (-79.2%) Shares 9,600 (-92.2%) Est. Cost $14.06 Unrealized —

BCS Global X MSCI Argentina ETF 0.1%

Value ($000) $375 (-76.5%) Shares 4,100 (-94.7%) Est. Cost $18.59 Unrealized —

NWG Take-Two Interactive Software Inc 0.5%

Value ($000) $2,182 (+98.4%) Shares 8,523 (-89.0%) Est. Cost $12.01 Unrealized —

BBD South Bow Corp 0.1%

Value ($000) $419 (-64.7%) Shares 11,100 (-96.9%) Est. Cost $3.32 Unrealized —

MUX Sociedad Quimica y Minera de Chile SA 0.3%

Value ($000) $1,293 (+116.9%) Shares 18,800 (-24.8%) Est. Cost $11.97 Unrealized +55.4%

BP Ascendis Pharma A/S 0.2%

Value ($000) $697 (+486.5%) Shares 3,270 (-5.2%) Est. Cost $33.79 Unrealized —

CSAN CRH PLC 0.3%

Value ($000) $1,104 (+97.3%) Shares 8,850 (-92.7%) Est. Cost $4.89 Unrealized —

FCX iShares MSCI South Africa ETF 0.1%

Value ($000) $337 (-59.4%) Shares 4,900 (-76.9%) Est. Cost $37.70 Unrealized +14.9%

PAM Global X Uranium ETF 0.0%

Value ($000) $162 (-74.3%) Shares 3,800 (-63.8%) Est. Cost $59.53 Unrealized —

GMAB VanEck Junior Gold Miners ETF 0.1%

Value ($000) $512 (-46.0%) Shares 4,500 (-85.5%) Est. Cost $24.48 Unrealized —

ENIC WisdomTree India Earnings Fund 0.1%

Value ($000) $518 (-45.7%) Shares 11,200 (-95.4%) Est. Cost $3.55 Unrealized —

FMS iShares MSCI Eurozone ETF 0.1%

Value ($000) $442 (-48.8%) Shares 6,900 (-79.0%) Est. Cost $27.58 Unrealized —

QFIN iShares MSCI USA Value Factor ETF 0.1%

Value ($000) $342 (-54.6%) Shares 2,500 (-90.4%) Est. Cost $28.83 Unrealized —

KEP Amplify Junior Silver Miners ETF 0.1%

Value ($000) $479 (-45.8%) Shares 17,300 (-74.5%) Est. Cost $11.63 Unrealized —

KB Sprott Gold Miners ETF 0.1%

Value ($000) $550 (-41.5%) Shares 7,900 (-30.4%) Est. Cost $73.83 Unrealized —

SBS Grupo Cibest SA 0.3%

Value ($000) $1,221 (+45.6%) Shares 19,200 (-43.0%) Est. Cost $24.89 Unrealized —

CIB iShares U.S. Broker-Dealers & Securities Exchanges ETF 0.1%

Value ($000) $556 (+160.2%) Shares 3,100 (-24.6%) Est. Cost $46.19 Unrealized —

TV InterContinental Hotels Group PLC 0.3%

Value ($000) $1,197 (+38.9%) Shares 8,500 (-97.3%) Est. Cost $2.60 Unrealized —

YMM Figma Inc 0.1%

Value ($000) $493 (+112.7%) Shares 13,200 (-26.7%) Est. Cost $8.01 Unrealized —

BNS First Trust RBA American Industrial Renaissance ETF 0.1%

Value ($000) $452 (-35.3%) Shares 4,600 (-41.5%) Est. Cost $52.03 Unrealized +30.6%

— SAP SE 0.1%

Value ($000) $595 (+34.0%) Shares 2,450 (-94.2%) Est. Cost $8.60 Unrealized —

EC WisdomTree Japan Hedged Equity Fund 0.1%

Value ($000) $562 (-20.9%) Shares 3,900 (-94.9%) Est. Cost $9.23 Unrealized —

SID Sprott Junior Copper Miners ETF 0.1%

Value ($000) $585 (+30.8%) Shares 14,900 (-95.0%) Est. Cost $2.17 Unrealized —

FIG iShares ESG Aware MSCI EM ETF 0.1%

Value ($000) $548 (-20.0%) Shares 12,400 (-6.1%) Est. Cost $68.66 Unrealized -34.2%

EWJ abrdn Physical Platinum Shares ETF 0.1%

Value ($000) $373 (+40.9%) Shares 2,000 (-39.4%) Est. Cost $80.21 Unrealized —

SSL WPP PLC 0.1%

Value ($000) $620 (+20.6%) Shares 27,600 (-66.6%) Est. Cost $5.99 Unrealized —

IEV Newmont Corp 0.0%

Value ($000) $140 (-40.7%) Shares 1,400 (-61.1%) Est. Cost $63.50 Unrealized —

BN Alibaba Group Holding Ltd 0.2%

Value ($000) $938 (-8.5%) Shares 6,400 (-60.3%) Est. Cost $36.92 Unrealized +23.4%

LU Sphere Entertainment Co 0.2%

Value ($000) $666 (+14.2%) Shares 7,000 (-95.1%) Est. Cost $3.23 Unrealized —

EZA VanEck Rare Earth and Strategic Metals ETF 0.1%

Value ($000) $244 (-23.9%) Shares 3,300 (-34.0%) Est. Cost $64.10 Unrealized —

BE Argenx SE 0.3%

Value ($000) $1,203 (-5.2%) Shares 1,430 (-90.5%) Est. Cost $24.78 Unrealized +324.1%

MCHI abrdn Physical Palladium Shares ETF 0.1%

Value ($000) $422 (+10.4%) Shares 2,900 (-50.0%) Est. Cost $65.85 Unrealized —

FJP iShares MSCI Japan ETF 0.1%

Value ($000) $275 (-6.4%) Shares 3,400 (-24.4%) Est. Cost $65.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IMO	Korea Electric Power Corp	57,400 (-54.4%)	$947 (-94.0%)	0.2%	$72.32	+25.4%	Common	453038408
AGI	Bank of Montreal	4,023 (-98.7%)	$711 (-95.1%)	0.2%	$28.59	+21.9%	Common	011532108
HWM	Japan Smaller Capitalization Fund Inc	52,100 (-26.2%)	$573 (-95.9%)	0.1%	$90.30	+120.4%	ETP	443201108
HBM	KB Financial Group Inc	9,400 (-98.5%)	$809 (-94.0%)	0.2%	$10.85	+55.8%	Common	443628102
NVDA	UBS Group AG	26,200 (-64.9%)	$1,213 (-91.3%)	0.3%	$125.82	+47.9%	Common	67066G104
BVN	Caterpillar Inc	23,794 (-70.6%)	$13,599 (+590.7%)	3.3%	$18.86	—	Common	204448104
JPM	Sea Ltd	14,500 (-64.9%)	$1,850 (-85.7%)	0.4%	$131.76	+134.9%	Common	46625H100
GEV	General Dynamics Corp	14,499 (-36.6%)	$4,861 (-65.4%)	1.2%	$415.97	+46.4%	Common	36828A101
MS	Taiwan Semiconductor Manufacturing Co Ltd	3,590 (-93.3%)	$1,091 (-87.1%)	0.3%	$120.96	+37.6%	Common	617446448
CLS	Baidu Inc	9,725 (-59.4%)	$1,271 (-84.5%)	0.3%	$201.61	+49.5%	Common	15101Q207
RTX	Woori Financial Group Inc	14,100 (-66.8%)	$829 (-88.3%)	0.2%	$131.75	+31.6%	Common	75513E101
LNG	Banco Macro SA	9,500 (-68.7%)	$853 (-88.0%)	0.2%	$225.16	-6.7%	Common	16411R208
BMO	Apple Inc	43,045 (-56.7%)	$11,691 (-34.6%)	2.8%	$97.06	+30.5%	Common	063671101
PAAS	Vale SA	78,200 (-40.4%)	$1,019 (-85.6%)	0.2%	$32.15	+30.2%	Common	697900108
GOOGL	Celestica Inc	17,653 (-67.4%)	$7,167 (-45.5%)	1.7%	$209.20	+36.5%	Common	02079K305
SAN	Wheaton Precious Metals Corp	71,409 (-95.7%)	$11,523 (-33.4%)	2.8%	$8.27	—	Common	05964H105
SE	State Street SPDR S&P Metals & Mining ETF	4,500 (-85.9%)	$466 (-91.8%)	0.1%	$128.41	—	ETP	81141R100
MFG	Tesla Inc	11,084 (-70.1%)	$4,985 (+1906.9%)	1.2%	$4.01	—	Common	60687Y109
LRCX	VanEck Steel ETF	3,800 (-89.2%)	$322 (-93.2%)	0.1%	$78.86	+97.0%	ETP	512807306
ENB	iShares MSCI Emerging Markets ETF	8,400 (-86.1%)	$460 (-89.1%)	0.1%	$42.33	+11.3%	ETP	29250N105
CSCO	Global X Copper Miners ETF	7,900 (-87.4%)	$567 (-86.7%)	0.1%	$60.38	+22.2%	ETP	17275R102
EMBJ	New Oriental Education & Technology Group Inc	18,100 (-76.6%)	$996 (-78.7%)	0.2%	$47.24	—	Common	29082A107
GDS	Futu Holdings Ltd	6,500 (-93.1%)	$1,067 (-70.5%)	0.3%	$26.75	—	Common	36165L108
KGC	Global X Silver Miners ETF	5,700 (-93.4%)	$476 (-84.0%)	0.1%	$11.22	+131.5%	ETP	496902404
HMY	iShares MSCI International Momentum Factor ETF	9,600 (-92.2%)	$461 (-79.2%)	0.1%	$14.06	—	ETP	413216300
BCS	Global X MSCI Argentina ETF	4,100 (-94.7%)	$375 (-76.5%)	0.1%	$18.59	—	ETP	06738E204
NWG	Take-Two Interactive Software Inc	8,523 (-89.0%)	$2,182 (+98.4%)	0.5%	$12.01	—	Common	639057207
BBD	South Bow Corp	11,100 (-96.9%)	$419 (-64.7%)	0.1%	$3.32	—	Common	059460303
MUX	Sociedad Quimica y Minera de Chile SA	18,800 (-24.8%)	$1,293 (+116.9%)	0.3%	$11.97	+55.4%	Common	58039P305
BP	Ascendis Pharma A/S	3,270 (-5.2%)	$697 (+486.5%)	0.2%	$33.79	—	Common	055622104
CSAN	CRH PLC	8,850 (-92.7%)	$1,104 (+97.3%)	0.3%	$4.89	—	Common	22113B103
FCX	iShares MSCI South Africa ETF	4,900 (-76.9%)	$337 (-59.4%)	0.1%	$37.70	+14.9%	ETP	35671D857
PAM	Global X Uranium ETF	3,800 (-63.8%)	$162 (-74.3%)	0.0%	$59.53	—	ETP	697660207
GMAB	VanEck Junior Gold Miners ETF	4,500 (-85.5%)	$512 (-46.0%)	0.1%	$24.48	—	ETP	372303206
ENIC	WisdomTree India Earnings Fund	11,200 (-95.4%)	$518 (-45.7%)	0.1%	$3.55	—	ETP	29278D105
FMS	iShares MSCI Eurozone ETF	6,900 (-79.0%)	$442 (-48.8%)	0.1%	$27.58	—	ETP	358029106
QFIN	iShares MSCI USA Value Factor ETF	2,500 (-90.4%)	$342 (-54.6%)	0.1%	$28.83	—	ETP	88557W101
KEP	Amplify Junior Silver Miners ETF	17,300 (-74.5%)	$479 (-45.8%)	0.1%	$11.63	—	ETP	500631106
KB	Sprott Gold Miners ETF	7,900 (-30.4%)	$550 (-41.5%)	0.1%	$73.83	—	ETP	48241A105
SBS	Grupo Cibest SA	19,200 (-43.0%)	$1,221 (+45.6%)	0.3%	$24.89	—	Common	20441A102
CIB	iShares U.S. Broker-Dealers & Securities Exchanges ETF	3,100 (-24.6%)	$556 (+160.2%)	0.1%	$46.19	—	ETP	40090E106
TV	InterContinental Hotels Group PLC	8,500 (-97.3%)	$1,197 (+38.9%)	0.3%	$2.60	—	Common	40049J206
YMM	Figma Inc	13,200 (-26.7%)	$493 (+112.7%)	0.1%	$8.01	—	Common	35969L108
BNS	First Trust RBA American Industrial Renaissance ETF	4,600 (-41.5%)	$452 (-35.3%)	0.1%	$52.03	+30.6%	ETP	064149107
—	SAP SE	2,450 (-94.2%)	$595 (+34.0%)	0.1%	$8.60	—	Common	47109U104
EC	WisdomTree Japan Hedged Equity Fund	3,900 (-94.9%)	$562 (-20.9%)	0.1%	$9.23	—	ETP	279158109
SID	Sprott Junior Copper Miners ETF	14,900 (-95.0%)	$585 (+30.8%)	0.1%	$2.17	—	ETP	20440W105
FIG	iShares ESG Aware MSCI EM ETF	12,400 (-6.1%)	$548 (-20.0%)	0.1%	$68.66	-34.2%	ETP	316841105
EWJ	abrdn Physical Platinum Shares ETF	2,000 (-39.4%)	$373 (+40.9%)	0.1%	$80.21	—	ETP	46434G822
SSL	WPP PLC	27,600 (-66.6%)	$620 (+20.6%)	0.1%	$5.99	—	Common	803866300
IEV	Newmont Corp	1,400 (-61.1%)	$140 (-40.7%)	0.0%	$63.50	—	Common	464287861
BN	Alibaba Group Holding Ltd	6,400 (-60.3%)	$938 (-8.5%)	0.2%	$36.92	+23.4%	Common	11271J107
LU	Sphere Entertainment Co	7,000 (-95.1%)	$666 (+14.2%)	0.2%	$3.23	—	Common	54975P201
EZA	VanEck Rare Earth and Strategic Metals ETF	3,300 (-34.0%)	$244 (-23.9%)	0.1%	$64.10	—	ETP	464286780
BE	Argenx SE	1,430 (-90.5%)	$1,203 (-5.2%)	0.3%	$24.78	+324.1%	Common	093712107
MCHI	abrdn Physical Palladium Shares ETF	2,900 (-50.0%)	$422 (+10.4%)	0.1%	$65.85	—	ETP	46429B671
FJP	iShares MSCI Japan ETF	3,400 (-24.4%)	$275 (-6.4%)	0.1%	$65.17	—	ETP	33737J158