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HAP
VanEck Vectors Natural Resources ETF

  • Fund Description

    VanEck Vectors Natural Resources ETF (HAP®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The RogersTM-VanEck Natural Resources Index (RVEIT), which was developed in concert with international investor Jim Rogers, is intended to track the overall performance of companies involved in the production and distribution of commodities and commodity- related products and services in the following sectors: Agriculture, Alternatives (Water & Alternative Energy), Base and Industrial Metals, Energy, Forest Products, and Precious Metals.

  •  
      

    • Fund Ticker

      HAP
    • Exchange

      NYSE Arca
    • Commencement

      08/29/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      RVEIT
    • Index Rebalancing

      Quarterly
  •  
    as of 02/22/17

    • 30-Day SEC Yield1

      1.85%
    • Total Net Assets

      $99.9M
    • Number of Holdings

      311
    • Options

      Expected
    • Gross Expense Ratio2

      0.75%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • Portfolio Composition (%)
    as of 02/22/17

    • % of Net Assets
    • Stocks

      100.21
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.21
  • Download All HoldingsDaily Holdings (%) as of 02/22/17

    Total Holdings: 311
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Monsanto Co
    MON US
    48,427
    5,393,7995.40
    Syngenta Ag
    SYNN VX
    10,297
    4,348,0934.35
    Deere & Co
    DE US
    34,766
    3,812,0923.82
    Exxon Mobil Corp
    XOM US
    38,910
    3,148,9863.15
    Archer-Daniels-Midland Co
    ADM US
    63,622
    2,845,1762.85
    Tyson Foods Inc
    TSN US
    32,127
    2,031,0692.03
    Chevron Corp
    CVX US
    17,714
    1,955,2711.96
    Wilmar International Ltd
    WIL SP
    698,364
    1,847,4621.85
    Potash Corp Of Saskatchewan Inc
    POT US
    92,839
    1,729,5911.73
    Agrium Inc
    AGU US
    15,278
    1,573,4811.58
    Cnh Industrial Nv
    CNHI US
    150,497
    1,417,6821.42
    Mosaic Co/The
    MOS US
    38,726
    1,282,9921.28
    Bhp Billiton Ltd
    BHP AU
    62,085
    1,267,6111.27
    Bunge Ltd
    BG US
    15,419
    1,224,8851.23
    Rio Tinto Plc
    RIO LN
    26,977
    1,215,9021.22
    Total Sa
    FP FP
    23,725
    1,207,9081.21
    Yara International Asa
    YAR NO
    30,416
    1,170,0721.17
    Bp Plc
    BP/ LN
    192,617
    1,069,4741.07
    Tractor Supply Co
    TSCO US
    14,512
    1,049,2181.05
    Schlumberger Ltd
    SLB US
    13,055
    1,040,4841.04
    Ingredion Inc
    INGR US
    8,005
    965,5630.97
    Barrick Gold Corp
    ABX US
    48,250
    958,7280.96
    Royal Dutch Shell Plc
    RDSB LN
    35,145
    952,5990.95
    Marine Harvest Asa
    MHG NO
    49,766
    886,5140.89
    Cf Industries Holdings Inc
    CF US
    25,775
    856,2460.86
    Newmont Mining Corp
    NEM US
    21,973
    791,0280.79
    Ioi Corp Bhd
    IOI MK
    711,294
    734,6530.74
    Vale Sa
    VALE US
    62,240
    699,5780.70
    Gruma Sab De Cv
    GRUMAB MM
    47,850
    684,5610.69
    Phosagro Pjsc
    PHOR LI
    42,960
    649,8190.65
    Vestas Wind Systems A/S
    VWS DC
    8,617
    642,4210.64
    Kuala Lumpur Kepong Bhd
    KLK MK
    117,478
    638,4830.64
    Goldcorp Inc
    GG US
    35,342
    596,9260.60
    Rosneft Oil Co Pjsc
    ROSN LI
    99,446
    591,5290.59
    Weyerhaeuser Co
    WY US
    17,387
    586,9850.59
    Pilgrim's Pride Corp
    PPC US
    27,789
    568,8410.57
    Agco Corp
    AGCO US
    8,875
    559,3030.56
    Glencore Plc
    GLEN LN
    136,867
    556,7380.56
    Newcrest Mining Ltd
    NCM AU
    31,603
    555,5080.56
    Conocophillips
    COP US
    11,626
    547,5850.55
    Reliance Industries Ltd
    RIGD LI
    15,147
    546,8070.55
    Arcelormittal
    MT NA
    58,952
    535,1710.54
    Statoil Asa
    STL NO
    30,279
    531,0820.53
    Eog Resources Inc
    EOG US
    5,409
    527,5400.53
    Eni Spa
    ENI IM
    34,101
    515,2700.52
    Gazprom Pjsc
    OGZD LI
    111,068
    514,4400.52
    Seaboard Corp
    SEB US
    129
    511,3520.51
    Mmc Norilsk Nickel Pjsc
    MNOD LI
    30,614
    509,0890.51
    Cnooc Ltd
    883 HK
    419,279
    507,8280.51
    Nisshin Seifun Group Inc
    2002 JP
    33,650
    502,6400.50
    Suncor Energy Inc
    SU US
    15,624
    502,3120.50
    International Paper Co
    IP US
    9,558
    497,3030.50
    Calbee Inc
    2229 JP
    14,800
    491,4930.49
    Southern Copper Corp
    SCCO US
    13,092
    490,4260.49
    Grupo Mexico Sab De Cv
    GMEXICOB MM
    150,564
    490,2910.49
    Occidental Petroleum Corp
    OXY US
    7,171
    472,6410.47
    Nippon Steel & Sumitomo Metal Corp
    5401 JP
    18,400
    463,7070.46
    Svenska Cellulosa Ab Sca
    SCAB SS
    14,821
    454,7190.46
    Kinder Morgan Inc/De
    KMI US
    20,947
    450,5700.45
    Southern Co/The
    SO US
    9,196
    450,5120.45
    Anglo American Plc
    AAL LN
    27,190
    445,0180.45
    Olam International Ltd
    OLAM SP
    301,600
    440,4630.44
    Lukoil Pjsc
    LKOD LI
    7,981
    435,8660.44
    Posco
    005490 KS
    1,687
    432,0450.43
    Halliburton Co
    HAL US
    8,111
    430,3700.43
    Agnico Eagle Mines Ltd
    AEM US
    9,326
    424,0530.42
    Industrias Penoles Sab De Cv
    PE&OLES* MM
    16,457
    415,8850.42
    Golden Agri-Resources Ltd
    GGR SP
    1,408,119
    397,0510.40
    Nucor Corp
    NUE US
    6,164
    389,8110.39
    Silver Wheaton Corp
    SLW US
    18,268
    389,4740.39
    Phillips 66
    PSX US
    4,887
    383,0430.38
    Novatek Pjsc
    NVTK LI
    2,849
    382,8380.38
    Transcanada Corp
    TRP US
    8,104
    382,6710.38
    Petroleo Brasileiro Sa
    PBR US
    34,918
    375,7180.38
    Veolia Environnement Sa
    VIE FP
    21,871
    372,9990.37
    Enbridge Inc
    ENB US
    8,808
    371,2570.37
    Freeport-Mcmoran Inc
    FCX US
    27,006
    370,7920.37
    Randgold Resources Ltd
    GOLD US
    3,883
    362,3620.36
    Anadarko Petroleum Corp
    APC US
    5,244
    345,2650.35
    Suez
    SEV FP
    21,953
    336,2090.34
    Fortescue Metals Group Ltd
    FMG AU
    60,205
    321,7140.32
    Formosa Petrochemical Corp
    6505 TT
    89,920
    318,4750.32
    United Utilities Group Plc
    UU/ LN
    26,523
    318,1050.32
    Westrock Co
    WRK US
    5,836
    310,4170.31
    Ptt Pcl
    PTT-R TB
    26,800
    306,6020.31
    Canadian Natural Resources Ltd
    CNQ US
    10,375
    301,3940.30
    Pioneer Natural Resources Co
    PXD US
    1,593
    299,6910.30
    China Agri-Industries Holdings Ltd
    606 HK
    580,914
    298,4930.30
    Turquoise Hill Resources Ltd
    TRQ CN
    83,311
    296,7840.30
    Cia De Saneamento Basico Do Estado De S
    SBS US
    26,586
    289,7870.29
    Valero Energy Corp
    VLO US
    4,248
    280,4100.28
    Thyssenkrupp Ag
    TKA GR
    10,949
    280,0970.28
    Spectra Energy Corp
    SE US
    6,583
    271,9440.27
    Anglo American Platinum Ltd
    AMS SJ
    11,165
    271,5530.27
    Fosun International Ltd
    656 HK
    166,100
    269,6530.27
    Severn Trent Plc
    SVT LN
    9,269
    268,7720.27
    Arconic Inc
    ARNC US
    8,483
    259,1560.26
    Imperial Oil Ltd
    IMO US
    7,953
    258,3130.26
    China Steel Corp
    2002 TT
    304,472
    258,0080.26
    Severstal Pjsc
    SVST LI
    16,206
    244,7550.25
    Baker Hughes Inc
    BHI US
    3,967
    240,2020.24
    Novolipetsk Steel Pjsc
    NLMK LI
    11,594
    237,7800.24
    Teck Resources Ltd
    TECK US
    10,972
    236,0080.24
    Astra Agro Lestari Tbk Pt
    AALI IJ
    212,776
    235,2390.24
    Gamesa Corp Tecnologica Sa
    GAM SM
    10,862
    234,7830.24
    Coway Co Ltd
    021240 KS
    2,971
    233,9220.23
    Norsk Hydro Asa
    NHY NO
    40,027
    232,9410.23
    Jfe Holdings Inc
    5411 JP
    11,864
    232,0870.23
    Darling Ingredients Inc
    DAR US
    18,200
    229,5020.23
    Genting Plantations Bhd
    GENP MK
    87,351
    217,3720.22
    Devon Energy Corp
    DVN US
    4,913
    214,9930.22
    Polymetal International Plc
    POLY LN
    17,422
    214,4100.21
    Ros Agro Plc
    AGRO LI
    15,111
    211,3810.21
    Aqua America Inc
    WTR US
    6,899
    210,2130.21
    Packaging Corp Of America
    PKG US
    2,171
    204,0740.20
    Antofagasta Plc
    ANTO LN
    19,072
    202,3340.20
    South32 Ltd
    S32 AU
    102,945
    201,7350.20
    Anglogold Ashanti Ltd
    AU US
    16,896
    199,5420.20
    Repsol Sa
    REP SM
    13,753
    197,8350.20
    Williams Cos Inc/The
    WMB US
    7,045
    197,2600.20
    Apache Corp
    APA US
    3,560
    195,4800.20
    Mondi Plc
    MNDI LN
    8,536
    195,4510.20
    Kinross Gold Corp
    KGC US
    51,544
    193,8050.19
    Woodside Petroleum Ltd
    WPL AU
    7,905
    190,3700.19
    China Petroleum & Chemical Corp
    386 HK
    239,027
    190,3460.19
    Tenaris Sa
    TS US
    5,539
    189,8770.19
    Graincorp Ltd
    GNC AU
    25,237
    180,4900.18
    Concho Resources Inc
    CXO US
    1,370
    180,4290.18
    Steel Dynamics Inc
    STLD US
    4,718
    176,3120.18
    Surgutneftegas Ojsc
    SGGD LI
    33,523
    175,3560.18
    Sasol Ltd
    SOL SJ
    6,107
    174,6610.17
    Nippon Suisan Kaisha Ltd
    1332 JP
    34,514
    174,4220.17
    Pennon Group Plc
    PNN LN
    16,003
    170,6970.17
    Adecoagro Sa
    AGRO US
    13,436
    168,8910.17
    Boliden Ab
    BOL SS
    5,291
    167,1980.17
    Sumitomo Metal Mining Co Ltd
    5713 JP
    11,423
    163,7550.16
    Continental Resources Inc/Ok
    CLR US
    3,514
    160,0280.16
    Petrochina Co Ltd
    857 HK
    198,240
    158,2100.16
    Stora Enso Oyj
    STERV FH
    14,233
    154,0470.15
    First Quantum Minerals Ltd
    FM CN
    13,352
    154,0280.15
    Hess Corp
    HES US
    2,944
    151,7930.15
    China Hongqiao Group Ltd
    1378 HK
    140,500
    150,3370.15
    Centrica Plc
    CNA LN
    51,407
    149,9170.15
    Cia De Minas Buenaventura Saa
    BVN US
    11,411
    147,6580.15
    Noble Energy Inc
    NBL US
    4,022
    147,4870.15
    Smurfit Kappa Group Plc
    SKG LN
    5,453
    147,4230.15
    Voestalpine Ag
    VOE AV
    3,385
    146,3840.15
    China Modern Dairy Holdings Ltd
    1117 HK
    586,700
    145,8760.15
    Hyundai Steel Co
    004020 KS
    2,582
    145,4300.15
    Nine Dragons Paper Holdings Ltd
    2689 HK
    108,557
    140,4390.14
    United States Steel Corp
    X US
    3,415
    138,2730.14
    National Oilwell Varco Inc
    NOV US
    3,544
    137,7200.14
    Korea Zinc Co Ltd
    010130 KS
    365
    136,9800.14
    First Solar Inc
    FSLR US
    4,042
    135,6900.14
    Inpex Corp
    1605 JP
    13,700
    134,7520.13
    Empresas Cmpc Sa
    CMPC CI
    58,106
    133,1750.13
    B2gold Corp
    BTO CN
    39,568
    131,3590.13
    Hitachi Metals Ltd
    5486 JP
    8,717
    129,1020.13
    Tatneft Pjsc
    ATAD LI
    3,407
    127,4000.13
    Kghm Polska Miedz Sa
    KGH PW
    3,869
    126,5530.13
    Sk Holdings Co Ltd
    034730 KS
    660
    125,3480.13
    Marathon Oil Corp
    MRO US
    7,950
    125,2920.13
    Ds Smith Plc
    SMDS LN
    21,999
    124,7950.12
    Aguas Andinas Sa
    AGUAS/A CI
    226,026
    121,8850.12
    Reliance Steel & Aluminum Co
    RS US
    1,404
    121,6290.12
    Andersons Inc/The
    ANDE US
    3,090
    121,5920.12
    Pan American Silver Corp
    PAAS US
    6,303
    120,1980.12
    Sk Innovation Co Ltd
    096770 KS
    868
    117,4960.12
    Fibria Celulose Sa
    FIBR3 BZ
    12,850
    116,0890.12
    Evolution Mining Ltd
    EVN AU
    67,487
    115,7290.12
    Husky Energy Inc
    HSE CN
    9,435
    115,5640.12
    Omv Ag
    OMV AV
    3,071
    114,9480.12
    Impala Platinum Holdings Ltd
    IMP SJ
    30,420
    114,4460.11
    Cimarex Energy Co
    XEC US
    891
    114,3150.11
    Kurita Water Industries Ltd
    6370 JP
    4,665
    112,0820.11
    Yamana Gold Inc
    AUY US
    39,231
    111,8080.11
    Eregli Demir Ve Celik Fabrikalari Tas
    EREGL TI
    67,711
    111,6110.11
    Tahoe Resources Inc
    TAHO US
    12,878
    111,1370.11
    Oji Holdings Corp
    3861 JP
    23,176
    110,4110.11
    Ormat Technologies Inc
    ORA US
    1,921
    109,7660.11
    Gold Fields Ltd
    GFI US
    34,012
    109,5190.11
    Jx Holdings Inc
    5020 JP
    23,400
    109,1070.11
    Eldorado Gold Corp
    EGO US
    29,667
    108,2850.11
    Bluescope Steel Ltd
    BSL AU
    10,935
    108,1380.11
    Cresud Sacif Y A
    CRESY US
    5,589
    108,0350.11
    Verbund Ag
    VER AV
    6,621
    107,1100.11
    Cree Inc
    CREE US
    3,878
    106,8780.11
    Cia Siderurgica Nacional Sa
    SID US
    26,255
    106,5950.11
    Oneok Inc
    OKE US
    1,975
    105,7020.11
    Lee & Man Paper Manufacturing Ltd
    2314 HK
    106,100
    105,0510.11
    Kumba Iron Ore Ltd
    KIO SJ
    6,231
    104,9960.11
    Encana Corp
    ECA US
    9,130
    104,7210.10
    Cheniere Energy Inc
    LNG US
    2,205
    104,1200.10
    Hecla Mining Co
    HL US
    16,365
    104,0810.10
    Mitsubishi Materials Corp
    5711 JP
    3,000
    103,6130.10
    Galp Energia Sgps Sa
    GALP PL
    7,236
    103,5260.10
    Alcoa Corp
    AA US
    2,827
    103,4680.10
    Norway Royal Salmon Asa
    NRS NO
    4,818
    101,6260.10
    Ternium Sa
    TX US
    3,878
    101,1770.10
    Graphic Packaging Holding Co
    GPK US
    7,381
    100,6030.10
    Ptt Exploration & Production Pcl
    PTTEP-R TB
    37,300
    100,2250.10
    Cabot Oil & Gas Corp
    COG US
    4,365
    98,6490.10
    Eqt Corp
    EQT US
    1,621
    98,1520.10
    Targa Resources Corp
    TRGP US
    1,697
    96,8650.10
    Detour Gold Corp
    DGC CN
    7,228
    96,6950.10
    Tesoro Corp
    TSO US
    1,097
    96,5360.10
    Itron Inc
    ITRI US
    1,488
    95,4550.10
    Lindsay Corp
    LNN US
    1,175
    95,2460.10
    Samyang Corp
    145990 KS
    1,138
    94,9920.10
    Gerdau Sa
    GGB US
    22,171
    93,5620.09
    Polski Koncern Naftowy Orlen Sa
    PKN PW
    4,013
    92,2880.09
    Lundin Mining Corp
    LUN CN
    14,088
    89,1610.09
    Zijin Mining Group Co Ltd
    2899 HK
    237,761
    88,5980.09
    Alamos Gold Inc
    AGI CN
    11,056
    88,4920.09
    Evraz Plc
    EVR LN
    29,145
    88,3820.09
    Neste Oyj
    NESTE FH
    2,406
    87,8790.09
    Origin Energy Ltd
    ORG AU
    16,361
    87,7490.09
    Cameco Corp
    CCJ US
    7,657
    87,3660.09
    Northam Platinum Ltd
    NHM SJ
    21,105
    87,1610.09
    Royal Gold Inc
    RGLD US
    1,265
    87,0700.09
    Stillwater Mining Co
    SWC US
    5,013
    85,6720.09
    Perusahaan Perkebunan London Sumatra In
    LSIP IJ
    754,400
    85,2190.09
    Pretium Resources Inc
    PVG CN
    7,443
    84,1130.08
    Alumina Ltd
    AWC AU
    54,976
    82,9300.08
    Polskie Gornictwo Naftowe I Gazownictwo
    PGN PW
    55,362
    81,8970.08
    Outokumpu Oyj
    OUT1V FH
    8,040
    81,8460.08
    Iamgold Corp
    IMG CN
    18,658
    81,4570.08
    Sappi Ltd
    SAP SJ
    12,585
    80,8340.08
    Louisiana-Pacific Corp
    LPX US
    3,306
    80,6660.08
    Billerudkorsnas Ab
    BILL SS
    4,840
    79,6890.08
    Sibanye Gold Ltd
    SGL SJ
    37,875
    79,4930.08
    Oil Search Ltd
    OSH AU
    14,254
    79,1900.08
    S-Oil Corp
    010950 KS
    1,056
    78,9930.08
    Ypf Sa
    YPF US
    3,691
    78,9870.08
    Nordex Se
    NDX1 GR
    3,772
    78,3210.08
    Acerinox Sa
    ACX SM
    5,341
    76,5760.08
    Kobe Steel Ltd
    5406 JP
    7,400
    75,8730.08
    Diamondback Energy Inc
    FANG US
    733
    74,7880.07
    West Fraser Timber Co Ltd
    WFT CN
    1,773
    73,5890.07
    Newfield Exploration Co
    NFX US
    1,851
    72,3190.07
    Bega Cheese Ltd
    BGA AU
    16,666
    71,6620.07
    China Gas Holdings Ltd
    384 HK
    47,000
    69,9200.07
    Range Resources Corp
    RRC US
    2,319
    69,4080.07
    Technipfmc Plc
    FTI US
    2,118
    69,2370.07
    Mol Hungarian Oil & Gas Plc
    MOL HB
    961
    69,2260.07
    Helmerich & Payne Inc
    HP US
    1,015
    68,4210.07
    China Shenhua Energy Co Ltd
    1088 HK
    32,091
    68,3690.07
    Vedanta Resources Plc
    VED LN
    5,685
    68,3190.07
    Lundin Petroleum Ab
    LUPE SS
    3,194
    67,7780.07
    Kunlun Energy Co Ltd
    135 HK
    75,100
    66,3070.07
    California Water Service Group
    CWT US
    1,866
    66,2430.07
    First Majestic Silver Corp
    AG US
    6,804
    63,4810.06
    American States Water Co
    AWR US
    1,422
    63,1650.06
    Coeur Mining Inc
    CDE US
    7,052
    62,1990.06
    Portucel Sa
    PTI PL
    16,677
    62,0500.06
    Centerra Gold Inc
    CG CN
    12,003
    61,5910.06
    Worthington Industries Inc
    WOR US
    1,221
    61,3920.06
    Sumitomo Forestry Co Ltd
    1911 JP
    4,183
    60,2070.06
    Crescent Point Energy Corp
    CPG CN
    5,080
    59,6810.06
    Tourmaline Oil Corp
    TOU CN
    2,513
    59,4270.06
    Inversiones Aguas Metropolitanas Sa
    IAM CI
    38,896
    57,7550.06
    Domtar Corp
    UFS US
    1,455
    57,2400.06
    Holmen Ab
    HOLMB SS
    1,444
    56,8090.06
    Caltex Australia Ltd
    CTX AU
    2,447
    55,1550.06
    Ak Steel Holding Corp
    AKS US
    6,252
    54,9550.06
    Tupras Turkiye Petrol Rafinerileri As
    TUPRS TI
    2,350
    54,9450.06
    Weatherford International Plc
    WFT US
    9,205
    52,6530.05
    Arc Resources Ltd
    ARX CN
    3,310
    52,1330.05
    Petronas Dagangan Bhd
    PETD MK
    9,400
    51,2070.05
    Santos Ltd
    STO AU
    16,569
    51,1580.05
    Aurubis Ag
    NDA GR
    870
    50,6660.05
    Jiangxi Copper Co Ltd
    358 HK
    27,000
    49,6480.05
    Commercial Metals Co
    CMC US
    2,253
    49,3860.05
    Nippon Paper Industries Co Ltd
    3863 JP
    2,700
    49,3700.05
    Ssab Ab
    SSABB SS
    14,038
    49,3190.05
    Transocean Ltd
    RIG US
    3,653
    48,5120.05
    Dowa Holdings Co Ltd
    5714 JP
    5,700
    48,4780.05
    Hollyfrontier Corp
    HFC US
    1,650
    47,6850.05
    Core Laboratories Nv
    CLB US
    414
    46,7070.05
    Salzgitter Ag
    SZG GR
    1,163
    46,1770.05
    Sunpower Corp
    SPWR US
    5,384
    45,5490.05
    Murphy Oil Corp
    MUR US
    1,616
    44,8440.04
    Saipem Spa
    SPM IM
    95,232
    44,8410.04
    Daido Steel Co Ltd
    5471 JP
    8,900
    44,8070.04
    Iluka Resources Ltd
    ILU AU
    8,096
    44,1160.04
    Allegheny Technologies Inc
    ATI US
    2,106
    41,5300.04
    Aluminum Corp Of China Ltd
    2600 HK
    75,900
    41,5010.04
    Jastrzebska Spolka Weglowa Sa
    JSW PW
    2,271
    41,0050.04
    Canfor Corp
    CFP CN
    3,087
    40,9930.04
    Southwestern Energy Co
    SWN US
    4,605
    39,4650.04
    Daio Paper Corp
    3880 JP
    3,200
    38,4860.04
    Carpenter Technology Corp
    CRS US
    902
    38,4610.04
    Vale Indonesia Tbk Pt
    INCO IJ
    192,200
    38,3450.04
    Yamato Kogyo Co Ltd
    5444 JP
    1,300
    38,2990.04
    Zhaojin Mining Industry Co Ltd
    1818 HK
    36,200
    34,9640.04
    Rengo Co Ltd
    3941 JP
    5,970
    34,4150.03
    Hokuetsu Kishu Paper Co Ltd
    3865 JP
    4,900
    33,9650.03
    Young Poong Corp
    000670 KS
    37
    33,5130.03
    Huaneng Power International Inc
    902 HK
    44,600
    30,9380.03
    New Gold Inc
    NGD CN
    9,934
    29,9670.03
    Schweitzer-Mauduit International Inc
    SWM US
    710
    29,6780.03
    China Molybdenum Co Ltd
    3993 HK
    75,900
    29,3960.03
    China Coal Energy Co Ltd
    1898 HK
    38,800
    21,4290.02
    Angang Steel Co Ltd
    347 HK
    20,800
    17,4100.02
    China Oilfield Services Ltd
    2883 HK
    16,900
    17,2470.02
    Yanzhou Coal Mining Co Ltd
    1171 HK
    18,800
    15,8040.02
    Dongfang Electric Corp Ltd
    1072 HK
    13,200
    13,4320.01
    Maanshan Iron & Steel Co Ltd
    323 HK
    34,200
    13,3060.01
    Tianjin Capital Environmental Protectio
    1065 HK
    13,000
    7,4480.01
    Pescanova Sa
    PVA SM
    1,409
    0.00
    Other/Cash
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    -211,404-0.21
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.