Euro Pacific Asset Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ELE	ELEMENTAL ROYALTY CORP	968,502	$16	1.8%	$15.55	0.0%	COM NEW	28620K106
ACN	ACCENTURE PLC-CL A	35,958	$10	1.1%	$254.06	0.0%	SHS CL A	G1151C101
UL	UNILEVER PLC-SPONSORED ADR	66,766	$4	0.5%	$0.07	—	SPON ADR NEW	904767803
FMC	FMC CORP	157,328	$2	0.2%	$18.96	0.0%	COM NEW	302491303
SNY	SANOFI-ADR	43,688	$2	0.2%	$0.05	—	SPONSORED ADR	80105N105
MICC	MAGNUM ICE CREAM CO NV/THE	14,914	$0	0.0%	$15.68	0.0%	ORD SHS	N5505D105
BVN	CIA DE MINAS BUENAVENTUR-ADR	7,284	$0	0.0%	$0.03	—	SPONSORED ADR	204448104
GDXJ	VANECK JUNIOR GOLD MINERS	3,035	$0	0.0%	$0.07	—	JUNIOR GOLD MINE	92189F791
VIV	TELEFONICA BRASIL-ADR	10,534	$0	0.0%	$0.01	—	NEW ADR	87936R205

Increased Positions (36)

ORLA ORLA MINING LTD 1.3%

Value ($000) $11 (+221.1%) Shares 867,495 (+159.4%) Est. Cost $11.59 Unrealized +4.7%

EQX EQUINOX GOLD CORP 2.9%

Value ($000) $26 (+35.2%) Shares 1,906,970 (+8.3%) Est. Cost $7.48 Unrealized +68.8%

DC DAKOTA GOLD CORP 1.9%

Value ($000) $17 (+41.7%) Shares 3,051,484 (+14.0%) Est. Cost $3.12 Unrealized +53.8%

VALE VALE SA-SP ADR 0.6%

Value ($000) $6 (+641.7%) Shares 488,718 (+575.2%) Est. Cost $1.72 Unrealized —

RGLD ROYAL GOLD INC 4.0%

Value ($000) $36 (+12.9%) Shares 164,360 (+2.2%) Est. Cost $136.77 Unrealized +45.0%

NVO NOVO-NORDISK A/S-SPONS ADR 2.3%

Value ($000) $20 (+16.6%) Shares 346,077 (+24.1%) Est. Cost $8.14 Unrealized —

AU ANGLOGOLD ASHANTI PLC 1.2%

Value ($000) $11 (+37.3%) Shares 122,885 (+13.6%) Est. Cost $53.93 Unrealized +43.7%

ASML ASML HOLDING NV-NY REG SHS 0.3%

Value ($000) $3 (+758.2%) Shares 2,948 (+573.1%) Est. Cost $1.00 Unrealized —

PSLV SPROTT PHYSICAL SILVER TRUST 0.8%

Value ($000) $7 (+56.0%) Shares 307,137 (+6.8%) Est. Cost $27.27 Unrealized —

FNV FRANCO-NEVADA CORP 5.2%

Value ($000) $47 (-4.4%) Shares 236,967 (+1.2%) Est. Cost $109.36 Unrealized +85.4%

WRN WESTERN COPPER AND GOLD CORP 0.3%

Value ($000) $3 (+251.5%) Shares 1,035,506 (+164.6%) Est. Cost $1.90 Unrealized +21.8%

FEMB FIRST TRUST EMERGING MARKETS 0.4%

Value ($000) $4 (+11.0%) Shares 117,216 (+9.5%) Est. Cost $11.05 Unrealized —

IAU ISHARES GOLD TRUST 0.1%

Value ($000) $1 (+32.5%) Shares 10,761 (+18.8%) Est. Cost $0.06 Unrealized —

ASR GRUPO AEROPORTUARIO SUR-ADR 0.1%

Value ($000) $1 (+32.1%) Shares 2,627 (+32.7%) Est. Cost $0.32 Unrealized —

AGI ALAMOS GOLD INC-CLASS A 0.1%

Value ($000) $1 (+40.1%) Shares 14,219 (+26.8%) Est. Cost $14.61 Unrealized +138.4%

IGOV ISHARES INTERNATIONAL TREASU 0.2%

Value ($000) $2 (+6.9%) Shares 48,868 (+9.6%) Est. Cost $16.17 Unrealized —

INFY INFOSYS LTD-SP ADR 0.1%

Value ($000) $1 (+10.2%) Shares 66,959 (+1.7%) Est. Cost $0.02 Unrealized —

BWX SPDR BLOOMBERG INT TREASURY 0.1%

Value ($000) $1 (+8.1%) Shares 57,282 (+10.6%) Est. Cost $8.51 Unrealized —

SKM SK TELECOM CO LTD-SPON ADR 0.3%

Value ($000) $3 (-3.4%) Shares 123,816 (+1.4%) Est. Cost $10.63 Unrealized —

SPYM STATE STREET SPDR PORTFOLIO 0.0%

Value ($000) $0 (+34.0%) Shares 4,331 (+31.1%) Est. Cost $0.07 Unrealized —

GDX VANECK GOLD MINERS ETF 0.1%

Value ($000) $1 (+11.5%) Shares 13,445 (+8.6%) Est. Cost $0.04 Unrealized —

MELI MERCADOLIBRE INC 0.1%

Value ($000) $1 (-11.4%) Shares 298 (+2.8%) Est. Cost $1174.17 Unrealized +78.9%

ACWX ISHARES MSCI ACWI EX US ETF 0.1%

Value ($000) $1 (+9.1%) Shares 12,338 (+5.6%) Est. Cost $0.06 Unrealized —

QUAL ISHARES MSCI USA QUALITY FAC 0.1%

Value ($000) $1 (+7.9%) Shares 4,140 (+5.6%) Est. Cost $0.18 Unrealized —

AG FIRST MAJESTIC SILVER CORP 0.0%

Value ($000) $0 (+18.4%) Shares 38,660 (+9.3%) Est. Cost $8.16 Unrealized +70.3%

CX CEMEX SAB-SPONS ADR PART CER 0.0%

Value ($000) $0 (+47.1%) Shares 12,707 (+15.5%) Est. Cost $0.01 Unrealized —

TSM TAIWAN SEMICONDUCTOR-SP ADR 0.1%

Value ($000) $1 (+7.0%) Shares 2,722 (+3.0%) Est. Cost $0.12 Unrealized —

ITUB ITAU UNIBANCO H-SPON PRF ADR 0.2%

Value ($000) $1 (+3.3%) Shares 189,827 (+5.9%) Est. Cost $4.75 Unrealized —

UMC UNITED MICROELECTRON-SP ADR 0.0%

Value ($000) $0 (+50.0%) Shares 14,716 (+46.9%) Est. Cost $0.01 Unrealized —

VOD VODAFONE GROUP PLC-SP ADR 0.0%

Value ($000) $0 (+23.6%) Shares 14,633 (+9.1%) Est. Cost $8.54 Unrealized —

WIT WIPRO LTD-ADR 0.0%

Value ($000) $0 (+34.2%) Shares 33,087 (+25.8%) Est. Cost $0.00 Unrealized —

EXK ENDEAVOUR SILVER CORP 0.0%

Value ($000) $0 (+17.6%) Shares 32,520 (+18.2%) Est. Cost $4.94 Unrealized +71.7%

IBM INTL BUSINESS MACHINES CORP 0.0%

Value ($000) $0 (+3.4%) Shares 921 (+3.4%) Est. Cost $241.34 Unrealized +23.8%

SAP SAP SE-SPONSORED ADR 0.0%

Value ($000) $0 (-3.6%) Shares 870 (+5.7%) Est. Cost $0.07 Unrealized —

BBD BANCO BRADESCO-ADR 0.2%

Value ($000) $2 (+0.4%) Shares 595,201 (+1.9%) Est. Cost $3.55 Unrealized —

URA GLOBAL X URANIUM ETF 0.0%

Value ($000) $0 (+1.6%) Shares 6,405 (+1.5%) Est. Cost $0.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORLA	ORLA MINING LTD	867,495 (+159.4%)	$11 (+221.1%)	1.3%	$11.59	+4.7%	COM	68634K106
EQX	EQUINOX GOLD CORP	1,906,970 (+8.3%)	$26 (+35.2%)	2.9%	$7.48	+68.8%	COM	29446Y502
DC	DAKOTA GOLD CORP	3,051,484 (+14.0%)	$17 (+41.7%)	1.9%	$3.12	+53.8%	COM	46655E100
VALE	VALE SA-SP ADR	488,718 (+575.2%)	$6 (+641.7%)	0.6%	$1.72	—	SPONSORED ADS	91912E105
RGLD	ROYAL GOLD INC	164,360 (+2.2%)	$36 (+12.9%)	4.0%	$136.77	+45.0%	COM	780287108
NVO	NOVO-NORDISK A/S-SPONS ADR	346,077 (+24.1%)	$20 (+16.6%)	2.3%	$8.14	—	ADR	670100205
AU	ANGLOGOLD ASHANTI PLC	122,885 (+13.6%)	$11 (+37.3%)	1.2%	$53.93	+43.7%	COM SHS	G0378L100
ASML	ASML HOLDING NV-NY REG SHS	2,948 (+573.1%)	$3 (+758.2%)	0.3%	$1.00	—	N Y REGISTRY SHS	N07059210
PSLV	SPROTT PHYSICAL SILVER TRUST	307,137 (+6.8%)	$7 (+56.0%)	0.8%	$27.27	—	TR UNIT	85207K107
FNV	FRANCO-NEVADA CORP	236,967 (+1.2%)	$47 (-4.4%)	5.2%	$109.36	+85.4%	COM	351858105
WRN	WESTERN COPPER AND GOLD CORP	1,035,506 (+164.6%)	$3 (+251.5%)	0.3%	$1.90	+21.8%	COM	95805V108
FEMB	FIRST TRUST EMERGING MARKETS	117,216 (+9.5%)	$4 (+11.0%)	0.4%	$11.05	—	EME MRK BD ETF	33739P202
IAU	ISHARES GOLD TRUST	10,761 (+18.8%)	$1 (+32.5%)	0.1%	$0.06	—	ISHARES NEW	464285204
ASR	GRUPO AEROPORTUARIO SUR-ADR	2,627 (+32.7%)	$1 (+32.1%)	0.1%	$0.32	—	SPON ADR SER B	40051E202
AGI	ALAMOS GOLD INC-CLASS A	14,219 (+26.8%)	$1 (+40.1%)	0.1%	$14.61	+138.4%	COM CL A	011532108
IGOV	ISHARES INTERNATIONAL TREASU	48,868 (+9.6%)	$2 (+6.9%)	0.2%	$16.17	—	INTL TREA BD ETF	464288117
INFY	INFOSYS LTD-SP ADR	66,959 (+1.7%)	$1 (+10.2%)	0.1%	$0.02	—	SPONSORED ADR	456788108
BWX	SPDR BLOOMBERG INT TREASURY	57,282 (+10.6%)	$1 (+8.1%)	0.1%	$8.51	—	BLOOMBERG INTL T	78464A516
SKM	SK TELECOM CO LTD-SPON ADR	123,816 (+1.4%)	$3 (-3.4%)	0.3%	$10.63	—	SPONSORED ADR	78440P306
SPYM	STATE STREET SPDR PORTFOLIO	4,331 (+31.1%)	$0 (+34.0%)	0.0%	$0.07	—	PORTFOLIO S&P500	78464A854
GDX	VANECK GOLD MINERS ETF	13,445 (+8.6%)	$1 (+11.5%)	0.1%	$0.04	—	GOLD MINERS ETF	92189F106
MELI	MERCADOLIBRE INC	298 (+2.8%)	$1 (-11.4%)	0.1%	$1174.17	+78.9%	COM	58733R102
ACWX	ISHARES MSCI ACWI EX US ETF	12,338 (+5.6%)	$1 (+9.1%)	0.1%	$0.06	—	MSCI ACWI EX US	464288240
QUAL	ISHARES MSCI USA QUALITY FAC	4,140 (+5.6%)	$1 (+7.9%)	0.1%	$0.18	—	MSCI USA QLT FCT	46432F339
AG	FIRST MAJESTIC SILVER CORP	38,660 (+9.3%)	$0 (+18.4%)	0.0%	$8.16	+70.3%	COM	32076V103
CX	CEMEX SAB-SPONS ADR PART CER	12,707 (+15.5%)	$0 (+47.1%)	0.0%	$0.01	—	SPON ADR NEW	151290889
TSM	TAIWAN SEMICONDUCTOR-SP ADR	2,722 (+3.0%)	$1 (+7.0%)	0.1%	$0.12	—	SPONSORED ADS	874039100
ITUB	ITAU UNIBANCO H-SPON PRF ADR	189,827 (+5.9%)	$1 (+3.3%)	0.2%	$4.75	—	SPON ADR REP PFD	465562106
UMC	UNITED MICROELECTRON-SP ADR	14,716 (+46.9%)	$0 (+50.0%)	0.0%	$0.01	—	SPON ADR NEW	910873405
VOD	VODAFONE GROUP PLC-SP ADR	14,633 (+9.1%)	$0 (+23.6%)	0.0%	$8.54	—	SPONSORED ADR	92857W308
WIT	WIPRO LTD-ADR	33,087 (+25.8%)	$0 (+34.2%)	0.0%	$0.00	—	SPON ADR 1 SH	97651M109
EXK	ENDEAVOUR SILVER CORP	32,520 (+18.2%)	$0 (+17.6%)	0.0%	$4.94	+71.7%	COM	29258Y103
IBM	INTL BUSINESS MACHINES CORP	921 (+3.4%)	$0 (+3.4%)	0.0%	$241.34	+23.8%	COM	459200101
SAP	SAP SE-SPONSORED ADR	870 (+5.7%)	$0 (-3.6%)	0.0%	$0.07	—	SPON ADR	803054204
BBD	BANCO BRADESCO-ADR	595,201 (+1.9%)	$2 (+0.4%)	0.2%	$3.55	—	SP ADR PFD NEW	059460303
URA	GLOBAL X URANIUM ETF	6,405 (+1.5%)	$0 (+1.6%)	0.0%	$0.04	—	GLOBAL X URANIUM	37954Y871

Exited Positions (5)

— TOTALENERGIES SE -SPON ADR 1.2%

Value ($000) $11 Shares 180,651 Est. Cost $12.29 Unrealized —

— UNILEVER PLC-SPONSORED ADR 1.1%

Value ($000) $10 Shares 164,157 Est. Cost $27.27 Unrealized —

EMX EMX ROYALTY CORP 0.2%

Value ($000) $2 Shares 345,841 Est. Cost $61.56 Unrealized —

— INDIA FUND INC 0.0%

Value ($000) $0 Shares 14,100 Est. Cost $0.02 Unrealized —

HKD AMTD DIGITAL INC-ADR 0.0%

Value ($000) $0 Shares 71,002 Est. Cost $0.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE -SPON ADR	180,651	$11	1.2%	$12.29	—	—	89151E109
—	UNILEVER PLC-SPONSORED ADR	164,157	$10	1.1%	$27.27	—	—	904767704
EMX	EMX ROYALTY CORP	345,841	$2	0.2%	$61.56	—	—	26873J107
—	INDIA FUND INC	14,100	$0	0.0%	$0.02	—	—	454089103
HKD	AMTD DIGITAL INC-ADR	71,002	$0	0.0%	$0.00	—	—	00180N101

Decreased Positions (20)

PAAS PAN AMERICAN SILVER CORP 6.8%

Value ($000) $62 (+24.9%) Shares 1,287,451 (-3.2%) Est. Cost $20.07 Unrealized +108.6%

NVS NOVARTIS AG-SPONSORED ADR 0.6%

Value ($000) $5 (-52.0%) Shares 42,231 (-54.0%) Est. Cost $90.51 Unrealized —

IAUX I-80 GOLD CORP 0.0%

Value ($000) $0 (-99.6%) Shares 66,672 (-98.7%) Est. Cost $1.68 Unrealized -32.3%

B BARRICK MINING CORP 7.5%

Value ($000) $68 (+4.8%) Shares 1,746,376 (-19.5%) Est. Cost $19.29 Unrealized +94.0%

IAG IAMGOLD CORP 2.5%

Value ($000) $22 (+16.2%) Shares 1,343,139 (-8.9%) Est. Cost $3.84 Unrealized +266.8%

NEM NEWMONT CORP 3.3%

Value ($000) $29 (-8.3%) Shares 365,598 (-16.1%) Est. Cost $37.30 Unrealized +141.8%

TFPM TRIPLE FLAG PRECIOUS MET 1.9%

Value ($000) $17 (+11.4%) Shares 521,059 (-1.4%) Est. Cost $25.85 Unrealized +21.0%

KGC KINROSS GOLD CORP 2.0%

Value ($000) $18 (+7.7%) Shares 762,330 (-1.8%) Est. Cost $5.52 Unrealized +370.2%

AEM AGNICO EAGLE MINES LTD 8.1%

Value ($000) $73 (-1.7%) Shares 455,056 (-2.1%) Est. Cost $50.17 Unrealized +234.6%

IE IVANHOE ELECTRIC INC / US 0.7%

Value ($000) $7 (+19.7%) Shares 430,443 (-4.8%) Est. Cost $7.33 Unrealized +95.4%

BNS BANK OF NOVA SCOTIA 1.2%

Value ($000) $11 (+5.4%) Shares 173,579 (-1.1%) Est. Cost $50.02 Unrealized +35.9%

CEF SPROTT PHYSICAL GOLD AND SIL 1.0%

Value ($000) $9 (-4.4%) Shares 285,326 (-4.4%) Est. Cost $17591.92 Unrealized —

ABEV AMBEV SA-ADR 0.8%

Value ($000) $7 (+2.9%) Shares 3,044,462 (-2.7%) Est. Cost $3.76 Unrealized —

BCE BCE INC 0.3%

Value ($000) $3 (-4.9%) Shares 125,946 (-6.3%) Est. Cost $27.18 Unrealized -15.3%

JAAA JANUS HENDERSON AAA CLO ETF 0.1%

Value ($000) $1 (-22.9%) Shares 9,996 (-22.9%) Est. Cost $0.05 Unrealized —

DEO DIAGEO PLC-SPONSORED ADR 0.1%

Value ($000) $1 (-12.7%) Shares 7,381 (-9.8%) Est. Cost $24519.32 Unrealized —

SHEL SHELL PLC-ADR 1.3%

Value ($000) $12 (-0.3%) Shares 162,776 (-1.1%) Est. Cost $16.64 Unrealized —

USFR WISDOMTREE FLOATING RATE TRE 0.1%

Value ($000) $0 (-4.3%) Shares 9,208 (-4.4%) Est. Cost $0.05 Unrealized —

HLN HALEON PLC-ADR 0.1%

Value ($000) $1 (-1.3%) Shares 89,640 (-1.3%) Est. Cost $0.01 Unrealized —

GLD SPDR GOLD SHARES 0.0%

Value ($000) $0 (0.0%) Shares 656 (-8.3%) Est. Cost $0.35 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PAAS	PAN AMERICAN SILVER CORP	1,287,451 (-3.2%)	$62 (+24.9%)	6.8%	$20.07	+108.6%	COM	697900108
NVS	NOVARTIS AG-SPONSORED ADR	42,231 (-54.0%)	$5 (-52.0%)	0.6%	$90.51	—	SPONSORED ADR	66987V109
IAUX	I-80 GOLD CORP	66,672 (-98.7%)	$0 (-99.6%)	0.0%	$1.68	-32.3%	COM	44955L106
B	BARRICK MINING CORP	1,746,376 (-19.5%)	$68 (+4.8%)	7.5%	$19.29	+94.0%	COM	06849F108
IAG	IAMGOLD CORP	1,343,139 (-8.9%)	$22 (+16.2%)	2.5%	$3.84	+266.8%	COM	450913108
NEM	NEWMONT CORP	365,598 (-16.1%)	$29 (-8.3%)	3.3%	$37.30	+141.8%	COM	651639106
TFPM	TRIPLE FLAG PRECIOUS MET	521,059 (-1.4%)	$17 (+11.4%)	1.9%	$25.85	+21.0%	COM	89679M104
KGC	KINROSS GOLD CORP	762,330 (-1.8%)	$18 (+7.7%)	2.0%	$5.52	+370.2%	COM	496902404
AEM	AGNICO EAGLE MINES LTD	455,056 (-2.1%)	$73 (-1.7%)	8.1%	$50.17	+234.6%	COM	008474108
IE	IVANHOE ELECTRIC INC / US	430,443 (-4.8%)	$7 (+19.7%)	0.7%	$7.33	+95.4%	COM	46578C108
BNS	BANK OF NOVA SCOTIA	173,579 (-1.1%)	$11 (+5.4%)	1.2%	$50.02	+35.9%	COM	064149107
CEF	SPROTT PHYSICAL GOLD AND SIL	285,326 (-4.4%)	$9 (-4.4%)	1.0%	$17591.92	—	TR UNIT	85208R101
ABEV	AMBEV SA-ADR	3,044,462 (-2.7%)	$7 (+2.9%)	0.8%	$3.76	—	SPONSORED ADR	02319V103
BCE	BCE INC	125,946 (-6.3%)	$3 (-4.9%)	0.3%	$27.18	-15.3%	COM NEW	05534B760
JAAA	JANUS HENDERSON AAA CLO ETF	9,996 (-22.9%)	$1 (-22.9%)	0.1%	$0.05	—	HENDRSON AAA CL	47103U845
DEO	DIAGEO PLC-SPONSORED ADR	7,381 (-9.8%)	$1 (-12.7%)	0.1%	$24519.32	—	SPON ADR NEW	25243Q205
SHEL	SHELL PLC-ADR	162,776 (-1.1%)	$12 (-0.3%)	1.3%	$16.64	—	SPON ADS	780259305
USFR	WISDOMTREE FLOATING RATE TRE	9,208 (-4.4%)	$0 (-4.3%)	0.1%	$0.05	—	FLOATING RAT TREA	97717Y527
HLN	HALEON PLC-ADR	89,640 (-1.3%)	$1 (-1.3%)	0.1%	$0.01	—	SPON ADS	405552100
GLD	SPDR GOLD SHARES	656 (-8.3%)	$0 (0.0%)	0.0%	$0.35	—	GOLD SHS	78463V107

Unchanged Positions (28)

MTA METALLA ROYALTY & STREAMING 4.8%

Value ($000) $43 Shares 5,742,309 Est. Cost $4.76 Unrealized +51.0%

OR OR ROYALTIES INC 4.0%

Value ($000) $36 Shares 1,028,079 Est. Cost $24.09 Unrealized +45.4%

FSM FORTUNA MINING CORP 4.8%

Value ($000) $43 Shares 4,464,769 Est. Cost $5.05 Unrealized +78.1%

BTG B2GOLD CORP 3.8%

Value ($000) $34 Shares 7,584,250 Est. Cost $3.18 Unrealized +46.7%

OUNZ VANECK MERK GOLD ETF 1.8%

Value ($000) $17 Shares 398,070 Est. Cost $525.62 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 3.7%

Value ($000) $33 Shares 285,947 Est. Cost $38.22 Unrealized +180.2%

BTI BRITISH AMERICAN TOB-SP ADR 3.9%

Value ($000) $35 Shares 657,883 Est. Cost $34.07 Unrealized —

GSK GSK PLC-SPON ADR 1.0%

Value ($000) $9 Shares 210,813 Est. Cost $28.56 Unrealized —

GRAB GRAB HOLDINGS LTD - CL A 0.2%

Value ($000) $2 Shares 377,745 Est. Cost $5.31 Unrealized +4.1%

TLK TELKOM INDONESIA PERSERO-ADR 0.8%

Value ($000) $7 Shares 380,194 Est. Cost $0.01 Unrealized —

AQN ALGONQUIN POWER & UTILITIES 0.2%

Value ($000) $2 Shares 354,050 Est. Cost $6.91 Unrealized -14.1%

EQNR EQUINOR ASA-SPON ADR 0.9%

Value ($000) $8 Shares 318,372 Est. Cost $15.67 Unrealized —

PM PHILIP MORRIS INTERNATIONAL 0.9%

Value ($000) $8 Shares 46,939 Est. Cost $60.67 Unrealized +153.1%

NU NU HOLDINGS LTD/CAYMAN ISL-A 0.4%

Value ($000) $4 Shares 233,618 Est. Cost $13.95 Unrealized +15.2%

NTR NUTRIEN LTD 0.7%

Value ($000) $6 Shares 103,322 Est. Cost $39.76 Unrealized +48.0%

PHYS SPROTT PHYSICAL GOLD TRUST 0.1%

Value ($000) $1 Shares 48,180 Est. Cost $0.02 Unrealized —

RIO RIO TINTO PLC-SPON ADR 0.3%

Value ($000) $3 Shares 47,788 Est. Cost $0.01 Unrealized —

BHP BHP GROUP LTD-SPON ADR 0.3%

Value ($000) $3 Shares 58,343 Est. Cost $0.01 Unrealized —

GFI GOLD FIELDS LTD-SPONS ADR 0.1%

Value ($000) $1 Shares 13,667 Est. Cost $5.51 Unrealized —

BP BP PLC-SPONS ADR 1.3%

Value ($000) $12 Shares 362,175 Est. Cost $21.30 Unrealized —

VWOB VANGUARD EMERG MKTS GOV BND 0.1%

Value ($000) $1 Shares 10,300 Est. Cost $0.07 Unrealized —

HYIN WISDOMTREE PRV CRD & ALT INC 0.0%

Value ($000) $0 Shares 21,450 Est. Cost $0.02 Unrealized —

OHI OMEGA HEALTHCARE INVESTORS 0.0%

Value ($000) $0 Shares 5,800 Est. Cost $0.04 Unrealized —

ET ENERGY TRANSFER LP 0.0%

Value ($000) $0 Shares 13,210 Est. Cost $0.02 Unrealized —

— BLACKROCK FLTNG RT INC STRAT 0.0%

Value ($000) $0 Shares 31,965 Est. Cost $0.01 Unrealized —

PSK SS SPDR ICE PREF SEC ETF 0.1%

Value ($000) $1 Shares 19,030 Est. Cost $0.03 Unrealized —

ENB ENBRIDGE INC 0.1%

Value ($000) $0 Shares 10,165 Est. Cost $32.00 Unrealized +47.2%

USHY ISHARES BROAD USD HIGH YIELD 0.1%

Value ($000) $1 Shares 16,210 Est. Cost $0.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MTA	METALLA ROYALTY & STREAMING	5,742,309	$43	4.8%	$4.76	+51.0%	COM NEW	59124U605
OR	OR ROYALTIES INC	1,028,079	$36	4.0%	$24.09	+45.4%	COM SHS	68390D106
FSM	FORTUNA MINING CORP	4,464,769	$43	4.8%	$5.05	+78.1%	COM NEW	349942102
BTG	B2GOLD CORP	7,584,250	$34	3.8%	$3.18	+46.7%	COM	11777Q209
OUNZ	VANECK MERK GOLD ETF	398,070	$17	1.8%	$525.62	—	GOLD TRUST	921078101
WPM	WHEATON PRECIOUS METALS CORP	285,947	$33	3.7%	$38.22	+180.2%	COM	962879102
BTI	BRITISH AMERICAN TOB-SP ADR	657,883	$35	3.9%	$34.07	—	SPONSORED ADR	110448107
GSK	GSK PLC-SPON ADR	210,813	$9	1.0%	$28.56	—	SPONSORED ADR	37733W204
GRAB	GRAB HOLDINGS LTD - CL A	377,745	$2	0.2%	$5.31	+4.1%	CLASS A ORD	G4124C109
TLK	TELKOM INDONESIA PERSERO-ADR	380,194	$7	0.8%	$0.01	—	SPONSORED ADR	715684106
AQN	ALGONQUIN POWER & UTILITIES	354,050	$2	0.2%	$6.91	-14.1%	COM	015857105
EQNR	EQUINOR ASA-SPON ADR	318,372	$8	0.9%	$15.67	—	SPONSORED ADR	29446M102
PM	PHILIP MORRIS INTERNATIONAL	46,939	$8	0.9%	$60.67	+153.1%	COM	718172109
NU	NU HOLDINGS LTD/CAYMAN ISL-A	233,618	$4	0.4%	$13.95	+15.2%	ORD SHS CL A	G6683N103
NTR	NUTRIEN LTD	103,322	$6	0.7%	$39.76	+48.0%	COM	67077M108
PHYS	SPROTT PHYSICAL GOLD TRUST	48,180	$1	0.1%	$0.02	—	UNIT	85207H104
RIO	RIO TINTO PLC-SPON ADR	47,788	$3	0.3%	$0.01	—	SPONSORED ADR	767204100
BHP	BHP GROUP LTD-SPON ADR	58,343	$3	0.3%	$0.01	—	SPONSERED ADS	088606108
GFI	GOLD FIELDS LTD-SPONS ADR	13,667	$1	0.1%	$5.51	—	SPONSORED ADR	38059T106
BP	BP PLC-SPONS ADR	362,175	$12	1.3%	$21.30	—	SPONSORED ADR	055622104
VWOB	VANGUARD EMERG MKTS GOV BND	10,300	$1	0.1%	$0.07	—	EM MK GOV BD ETF	921946885
HYIN	WISDOMTREE PRV CRD & ALT INC	21,450	$0	0.0%	$0.02	—	ALTRNTVE INCM FD	97717Y626
OHI	OMEGA HEALTHCARE INVESTORS	5,800	$0	0.0%	$0.04	—	COM	681936100
ET	ENERGY TRANSFER LP	13,210	$0	0.0%	$0.02	—	COM UT LTD PTN	29273V100
—	BLACKROCK FLTNG RT INC STRAT	31,965	$0	0.0%	$0.01	—	COM	09255X100
PSK	SS SPDR ICE PREF SEC ETF	19,030	$1	0.1%	$0.03	—	ICE PFD SEC ETF	78464A292
ENB	ENBRIDGE INC	10,165	$0	0.1%	$32.00	+47.2%	COM	29250N105
USHY	ISHARES BROAD USD HIGH YIELD	16,210	$1	0.1%	$0.04	—	BROAD USD HIGH	46435U853