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        <name>Aris Mining Corp</name>
        <lei>5493001GJ5TILX6L1F82</lei>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>BP PLC</name>
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      <invstOrSec>
        <name>DEVON ENERGY CORPORATION</name>
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      <invstOrSec>
        <name>Chevron Corp</name>
        <lei>N/A</lei>
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          <ticker value="CVX"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
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          <isin value="US25278X1090"/>
          <ticker value="FANG"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CANTOR FITZGERALD &amp; CO.</name>
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                <issuerName>Halliburton Co</issuerName>
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      <invstOrSec>
        <name>Devon Energy Corp</name>
        <lei>54930042348RKR3ZPN35</lei>
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        <name>Westgold Resources Ltd</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Glencore PLC</name>
        <lei>2138002658CPO9NBH955</lei>
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          <isin value="JE00B4T3BW64"/>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
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          <isin value="IT0003132476"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797SG3</cusip>
        <identifiers>
          <isin value="US912797SG39"/>
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        <balance>3860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3853178.72000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2026-01-20</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>TREASURY BILL</name>
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        <title>United States Treasury Bill</title>
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          <isin value="US912797SC25"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Alamos Gold Inc</name>
        <lei>894500GIHFJZW7YS9660</lei>
        <title>Alamos Gold Inc</title>
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        <name>Suncor Energy Inc</name>
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      <invstOrSec>
        <name>Evolution Mining Ltd</name>
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        <title>Evolution Mining Ltd</title>
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        <name>Williams Cos Inc/The</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The</title>
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        <name>STRATEGAS SECURITIES, LLC</name>
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        <title>SUNCOR ENERGY INC</title>
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        <name>Orla Mining Ltd</name>
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        <title>Orla Mining Ltd</title>
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        <name>Endeavour Mining PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>Endeavour Mining PLC</title>
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        <name>Targa Resources Corp</name>
        <lei>5493003QENHHS261UR94</lei>
        <title>Targa Resources Corp</title>
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          <ticker value="TRGP"/>
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        <balance>42100.00000000</balance>
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        <name>Coterra Energy Inc</name>
        <lei>FCNMH6O7VWU7LHXMK351</lei>
        <title>Coterra Energy Inc</title>
        <cusip>127097103</cusip>
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        <name>Artemis Gold Inc</name>
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        <name>Eldorado Gold Corp</name>
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        <name>IAMGOLD Corp</name>
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        <name>TREASURY BILL</name>
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        <name>Halliburton Co</name>
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        <name>Discovery Silver Corp</name>
        <lei>98450041CCB3E8QD3F53</lei>
        <title>Discovery Silver Corp</title>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <name>BHP Group Ltd</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd</title>
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        <name>DPM Metals Inc</name>
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        <name>K92 Mining Inc</name>
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        <name>Expand Energy Corp</name>
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        <name>Shell PLC</name>
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        <name>TREASURY BILL</name>
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      <invstOrSec>
        <name>Wheaton Precious Metals Corp</name>
        <lei>549300XSFG5ZCGVYD886</lei>
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          <ticker value="WPM"/>
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      <invstOrSec>
        <name>Perseus Mining Ltd</name>
        <lei>54930054ZDGKBCW3SM26</lei>
        <title>Perseus Mining Ltd</title>
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        <name>Franco-Nevada Corp</name>
        <lei>98450064C1B5D3E94864</lei>
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        <name>Lundin Gold Inc</name>
        <lei>549300ZOV16K515FC525</lei>
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      <invstOrSec>
        <name>Anglogold Ashanti Plc</name>
        <lei>2138005YDSA7A82RNU96</lei>
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        <name>JANE STREET FINANCIAL LIMITED</name>
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        <title>DIAMONDBACK ENERGY INC</title>
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        <name>Exxon Mobil Corp</name>
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        <name>Kinross Gold Corp</name>
        <lei>254900O9KHF2A1ZXPT47</lei>
        <title>Kinross Gold Corp</title>
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        <name>Kinder Morgan Inc</name>
        <lei>549300WR7IX8XE0TBO16</lei>
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        <name>Royal Gold Inc</name>
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        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
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        <name>Freeport-McMoRan Inc</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan Inc</title>
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          <ticker value="FCX"/>
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        <name>Northern Star Resources Ltd</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>Northern Star Resources Ltd</title>
        <cusip>000000000</cusip>
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          <ticker value="NST"/>
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        <name>CIBC WORLD MARKETS CORP.</name>
        <lei>549300445CON3DBMU275</lei>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>JANE STREET FINANCIAL LIMITED</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>WELLS FARGO SECURITIES, LLC</name>
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      <ncom:signerName>John C. Ball</ncom:signerName>
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</edgarSubmission>