| Security Name | Ticker | % of Net Assets |
|---|---|---|
| LINDE PLC | LIN | 4.00% |
| FREEPORT-MCMORAN INC | FCX | 2.87% |
| NEWMONT CORP | NEM | 2.76% |
| NUCOR CORP | NUE | 2.53% |
| SHERWIN-WILLIAMS CO/THE | SHW | 2.12% |
| STEEL DYNAMICS INC | STLD | 2.05% |
| ECOLAB INC | ECL | 2.00% |
| AIR PRODUCTS AND CHEMICALS INC | APD | 1.99% |
| CORTEVA INC | CTVA | 1.83% |
| VULCAN MATERIALS CO | VMC | 1.65% |
| COEUR MINING INC | CDE | 1.61% |
| MARTIN MARIETTA MATERIALS INC | MLM | 1.54% |
| BARRICK MINING CORP | B | 1.43% |
| PPG INDUSTRIES INC | PPG | 1.39% |
| RELIANCE INC | RS | 1.37% |
| CRH PLC | CRH | 1.35% |
| ALBEMARLE CORP | ALB | 1.35% |
| TECK RESOURCES LTD | TECK | 1.33% |
| BHP GROUP LTD | BHP | 1.31% |
| VALE SA | VALE | 1.30% |
| ALCOA CORP | AA | 1.28% |
| HUDBAY MINERALS INC | HBM | 1.27% |
| JAMES HARDIE INDUSTRIES PLC | JHX | 1.21% |
| PACKAGING CORP OF AMERICA | PKG | 1.21% |
| RIO TINTO PLC | RIO | 1.20% |
| DOW INC | DOW | 1.18% |
| DUPONT DE NEMOURS INC | DD | 1.18% |
| ARCELORMITTAL SA | MT | 1.18% |
| CEMEX SAB DE CV | CX | 1.14% |
| SOUTHERN COPPER CORP | SCCO | 1.13% |
| INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | 1.12% |
| INTERNATIONAL PAPER CO | IP | 1.12% |
| SMURFIT WESTROCK PLC | SW | 1.09% |
| SOLSTICE ADVANCED MATERIALS INC | SOLS | 1.03% |
| ROYAL GOLD INC | RGLD | 1.03% |
| AGNICO EAGLE MINES LTD | AEM | 1.02% |
| ELEMENT SOLUTIONS INC | ESI | 1.01% |
| AMRIZE LTD | AMRZ | 1.00% |
| KINROSS GOLD CORP | KGC | 0.99% |
| PAN AMERICAN SILVER CORP | PAAS | 0.99% |
| HARMONY GOLD MINING CO LTD | HMY | 0.98% |
| RPM INTERNATIONAL INC | RPM | 0.97% |
| AMCOR PLC | AMCR | 0.97% |
| LYONDELLBASELL INDUSTRIES NV | LYB | 0.96% |
| CF INDUSTRIES HOLDINGS INC | CF | 0.96% |
| CLEVELAND-CLIFFS INC | CLF | 0.96% |
| WHEATON PRECIOUS METALS CORP | WPM | 0.95% |
| BALL CORP | BALL | 0.90% |
| FRANCO-NEVADA CORP | FNV | 0.90% |
| ANGLOGOLD ASHANTI PLC | AU | 0.89% |
| MP MATERIALS CORP | MP | 0.89% |
| B2GOLD CORP | BTG | 0.89% |
| COMMERCIAL METALS CO | CMC | 0.87% |
| NUTRIEN LTD | NTR | 0.85% |
| AVERY DENNISON CORP | AVY | 0.85% |
| FIRST MAJESTIC SILVER CORP | AG | 0.84% |
| TMC THE METALS CO INC | TMC | 0.84% |
| CROWN HOLDINGS INC | CCK | 0.80% |
| IAMGOLD CORP | IAG | 0.78% |
| HECLA MINING CO | HL | 0.78% |
| ENDEAVOUR SILVER CORP | EXK | 0.77% |
| ALAMOS GOLD INC | AGI | 0.76% |
| FORTUNA MINING CORP | FSM | 0.75% |
| EQUINOX GOLD CORP | EQX | 0.75% |
| OR ROYALTIES INC | OR | 0.74% |
| EAGLE MATERIALS INC | EXP | 0.74% |
| EASTMAN CHEMICAL CO | EMN | 0.74% |
| USA RARE EARTH INC | USAR | 0.73% |
| ELDORADO GOLD CORP | EGO | 0.73% |
| AXALTA COATING SYSTEMS LTD | AXTA | 0.73% |
| GOLD FIELDS LTD | GFI | 0.73% |
| SIBANYE STILLWATER LTD | SBSW | 0.72% |
| WARRIOR MET COAL INC | HCC | 0.67% |
| APTARGROUP INC | ATR | 0.66% |
| SSR MINING INC | SSRM | 0.64% |
| NOVAGOLD RESOURCES INC | NG | 0.62% |
| PURECYCLE TECHNOLOGIES INC | PCT | 0.61% |
| Century Aluminum Co | CENX | 0.59% |
| MOSAIC CO/THE | MOS | 0.58% |
| CELANESE CORP | CE | 0.57% |
| LOUISIANA-PACIFIC CORP | LPX | 0.54% |
| KNIFE RIVER CORP | KNF | 0.54% |
| SONOCO PRODUCTS CO | SON | 0.54% |
| SENSIENT TECHNOLOGIES CORP | SXT | 0.53% |
| CHEMOURS CO/THE | CC | 0.52% |
| GRAPHIC PACKAGING HOLDING CO | GPK | 0.49% |
| SILGAN HOLDINGS INC | SLGN | 0.44% |
| SCOTTS MIRACLE-GRO CO/THE | SMG | 0.41% |
| OLIN CORP | OLN | 0.41% |
| HUNTSMAN CORP | HUN | 0.40% |
| INNOSPEC INC | IOSP | 0.40% |
| WESTLAKE CORP | WLK | 0.38% |
| PERPETUA RESOURCES CORP | PPTA | 0.34% |
| TRIMAS CORP | TRS | 0.32% |
| FMC CORP | FMC | 0.29% |
| BALCHEM CORP | BCPC | 0.29% |
| ASP ISOTOPES INC | ASPI | 0.28% |
| UNITED STATES ANTIMONY CORP | UAMY | 0.26% |
| RAMACO RESOURCES INC | METC | 0.25% |
| CRITICAL METALS CORP | CRML | 0.25% |
| HAWKINS INC | HWKN | 0.19% |
| Other (Cash, derivatives and other liabilities) | 0.11% | |
| Total: | ||
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Investing involves risk, including the possible loss of principal.
Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Private Investments, LLC, Guggenheim Investments Loan Advisors, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.
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