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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 02/27/17

    • 30-Day SEC Yield1

      1.88%
    • Total Net Assets

      $97.1M
    • Number of Holdings

      310
    • 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 02/27/17

    • % of Net Assets
    • Stocks

      100.15
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.15
  • Download All HoldingsDaily Holdings (%) as of 02/27/17

    Total Holdings: 310
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Monsanto Co
    MON US
    47,608
    5,407,7935.57
    Syngenta Ag
    SYNN VX
    10,123
    4,337,4854.47
    Deere & Co
    DE US
    34,178
    3,742,8333.86
    Exxon Mobil Corp
    XOM US
    38,252
    3,119,0683.21
    Archer-Daniels-Midland Co
    ADM US
    62,546
    2,837,7122.92
    Tyson Foods Inc
    TSN US
    31,584
    1,969,5782.03
    Chevron Corp
    CVX US
    17,414
    1,946,0152.00
    Wilmar International Ltd
    WIL SP
    686,564
    1,794,1161.85
    Potash Corp Of Saskatchewan Inc
    POT US
    91,268
    1,627,3081.68
    Agrium Inc
    AGU US
    15,020
    1,486,3791.53
    Cnh Industrial Nv
    CNHI US
    147,951
    1,380,3831.42
    Bunge Ltd
    BG US
    15,158
    1,233,8611.27
    Mosaic Co/The
    MOS US
    38,071
    1,200,7591.24
    Bhp Billiton Ltd
    BHP AU
    61,035
    1,178,9081.21
    Total Sa
    FP FP
    23,324
    1,170,1431.21
    Yara International Asa
    YAR NO
    29,901
    1,127,5431.16
    Rio Tinto Plc
    RIO LN
    26,521
    1,101,0401.13
    Bp Plc
    BP/ LN
    189,359
    1,069,8081.10
    Schlumberger Ltd
    SLB US
    12,834
    1,040,3241.07
    Tractor Supply Co
    TSCO US
    14,267
    1,017,5221.05
    Ingredion Inc
    INGR US
    7,870
    949,4370.98
    Royal Dutch Shell Plc
    RDSB LN
    34,550
    939,6700.97
    Barrick Gold Corp
    ABX US
    47,434
    896,9770.92
    Marine Harvest Asa
    MHG NO
    48,924
    855,8720.88
    Cf Industries Holdings Inc
    CF US
    25,339
    797,9250.82
    Ioi Corp Bhd
    IOI MK
    699,194
    740,4920.76
    Newmont Mining Corp
    NEM US
    21,601
    733,7860.76
    Vale Sa
    VALE US
    61,187
    649,1940.67
    Gruma Sab De Cv
    GRUMAB MM
    47,050
    630,6170.65
    Kuala Lumpur Kepong Bhd
    KLK MK
    115,478
    629,9290.65
    Enbridge Inc
    ENB US
    15,027
    624,9920.64
    Vestas Wind Systems A/S
    VWS DC
    8,471
    624,7820.64
    Phosagro Pjsc
    PHOR LI
    42,233
    605,7250.62
    Weyerhaeuser Co
    WY US
    17,093
    580,1360.60
    Pilgrim's Pride Corp
    PPC US
    27,319
    561,9520.58
    Goldcorp Inc
    GG US
    34,744
    556,5990.57
    Rosneft Oil Co Pjsc
    ROSN LI
    97,764
    554,7780.57
    Reliance Industries Ltd
    RIGD LI
    14,891
    547,9890.56
    Glencore Plc
    GLEN LN
    134,552
    544,1460.56
    Conocophillips
    COP US
    11,429
    541,2770.56
    Agco Corp
    AGCO US
    8,725
    540,1650.56
    Newcrest Mining Ltd
    NCM AU
    31,068
    539,5550.56
    Statoil Asa
    STL NO
    29,767
    526,0390.54
    Eog Resources Inc
    EOG US
    5,317
    520,5870.54
    Arcelormittal
    MT NA
    57,955
    515,9360.53
    Eni Spa
    ENI IM
    33,524
    510,8140.53
    Gazprom Pjsc
    OGZD LI
    109,189
    502,8640.52
    Nisshin Seifun Group Inc
    2002 JP
    33,050
    500,6320.52
    International Paper Co
    IP US
    9,396
    496,9540.51
    Calbee Inc
    2229 JP
    14,500
    493,3460.51
    Cnooc Ltd
    883 HK
    412,179
    491,6240.51
    Suncor Energy Inc
    SU US
    15,360
    487,6800.50
    Seaboard Corp
    SEB US
    127
    486,7220.50
    Mmc Norilsk Nickel Pjsc
    MNOD LI
    30,096
    484,7540.50
    Southern Copper Corp
    SCCO US
    12,871
    473,9100.49
    Occidental Petroleum Corp
    OXY US
    7,050
    461,5640.48
    Grupo Mexico Sab De Cv
    GMEXICOB MM
    148,014
    459,4510.47
    Southern Co/The
    SO US
    9,040
    454,4410.47
    Nippon Steel & Sumitomo Metal Corp
    5401 JP
    18,100
    448,5610.46
    Svenska Cellulosa Ab Sca
    SCAB SS
    14,570
    447,1880.46
    Kinder Morgan Inc/De
    KMI US
    20,593
    440,6900.45
    Olam International Ltd
    OLAM SP
    296,500
    436,1580.45
    Lukoil Pjsc
    LKOD LI
    7,846
    424,5250.44
    Halliburton Co
    HAL US
    7,974
    424,2170.44
    Anglo American Plc
    AAL LN
    26,730
    419,0450.43
    Posco
    005490 KS
    1,658
    410,0610.42
    Industrias Penoles Sab De Cv
    PE&OLES* MM
    16,177
    404,1400.42
    Agnico Eagle Mines Ltd
    AEM US
    9,168
    389,2730.40
    Golden Agri-Resources Ltd
    GGR SP
    1,384,319
    380,4480.39
    Nucor Corp
    NUE US
    6,060
    379,5980.39
    Phillips 66
    PSX US
    4,804
    378,8430.39
    Transcanada Corp
    TRP US
    7,967
    368,3940.38
    Novatek Pjsc
    NVTK LI
    2,801
    364,6950.38
    Veolia Environnement Sa
    VIE FP
    21,501
    353,1950.36
    Silver Wheaton Corp
    SLW US
    17,959
    353,0740.36
    Freeport-Mcmoran Inc
    FCX US
    26,549
    352,3050.36
    Petroleo Brasileiro Sa
    PBR US
    34,327
    350,8220.36
    Randgold Resources Ltd
    GOLD US
    3,817
    345,7440.36
    Anadarko Petroleum Corp
    APC US
    5,155
    334,5600.34
    Suez
    SEV FP
    21,582
    324,1590.33
    United Utilities Group Plc
    UU/ LN
    26,074
    317,8370.33
    Westrock Co
    WRK US
    5,737
    308,2490.32
    Formosa Petrochemical Corp
    6505 TT
    87,920
    306,5680.32
    Ptt Pcl
    PTT-R TB
    26,300
    302,9150.31
    Fortescue Metals Group Ltd
    FMG AU
    59,187
    302,6340.31
    Canadian Natural Resources Ltd
    CNQ US
    10,199
    296,8930.31
    Pioneer Natural Resources Co
    PXD US
    1,566
    292,4040.30
    China Agri-Industries Holdings Ltd
    606 HK
    571,114
    289,1310.30
    Valero Energy Corp
    VLO US
    4,176
    280,7940.29
    Cia De Saneamento Basico Do Estado De S
    SBS US
    26,136
    278,8710.29
    Thyssenkrupp Ag
    TKA GR
    10,764
    271,4560.28
    Severn Trent Plc
    SVT LN
    9,112
    264,2550.27
    Turquoise Hill Resources Ltd
    TRQ CN
    81,902
    262,5770.27
    Anglo American Platinum Ltd
    AMS SJ
    10,976
    262,1080.27
    Fosun International Ltd
    656 HK
    163,300
    258,2050.27
    China Steel Corp
    2002 TT
    299,472
    251,6740.26
    Imperial Oil Ltd
    IMO US
    7,818
    249,6290.26
    Astra Agro Lestari Tbk Pt
    AALI IJ
    209,176
    244,6570.25
    Arconic Inc
    ARNC US
    8,339
    243,8320.25
    Gamesa Corp Tecnologica Sa
    GAM SM
    10,678
    239,0480.25
    Baker Hughes Inc
    BHI US
    3,900
    234,9750.24
    Coway Co Ltd
    021240 KS
    2,921
    232,0000.24
    Darling Ingredients Inc
    DAR US
    17,892
    229,0180.24
    Severstal Pjsc
    SVST LI
    15,932
    228,6840.24
    Novolipetsk Steel Pjsc
    NLMK LI
    11,398
    222,2850.23
    Jfe Holdings Inc
    5411 JP
    11,664
    222,0350.23
    Genting Plantations Bhd
    GENP MK
    85,851
    221,3150.23
    Norsk Hydro Asa
    NHY NO
    39,350
    220,1260.23
    Teck Resources Ltd
    TECK US
    10,786
    216,3670.22
    Aqua America Inc
    WTR US
    6,782
    212,7510.22
    Ros Agro Plc
    AGRO LI
    14,855
    209,0100.22
    Polymetal International Plc
    POLY LN
    17,127
    208,9730.22
    Devon Energy Corp
    DVN US
    4,830
    207,9800.21
    Packaging Corp Of America
    PKG US
    2,134
    199,8700.21
    Repsol Sa
    REP SM
    13,520
    197,9100.20
    Mondi Plc
    MNDI LN
    8,392
    196,2070.20
    Williams Cos Inc/The
    WMB US
    6,926
    194,9670.20
    South32 Ltd
    S32 AU
    101,204
    193,3230.20
    Woodside Petroleum Ltd
    WPL AU
    7,771
    188,3370.19
    Antofagasta Plc
    ANTO LN
    18,749
    188,3150.19
    Apache Corp
    APA US
    3,500
    185,2550.19
    China Petroleum & Chemical Corp
    386 HK
    235,027
    182,8830.19
    Anglogold Ashanti Ltd
    AU US
    16,610
    182,5440.19
    Tenaris Sa
    TS US
    5,445
    182,2990.19
    Kinross Gold Corp
    KGC US
    50,672
    181,9120.19
    Concho Resources Inc
    CXO US
    1,347
    179,2590.18
    Sasol Ltd
    SOL SJ
    6,004
    174,2810.18
    Graincorp Ltd
    GNC AU
    24,810
    171,8710.18
    Nippon Suisan Kaisha Ltd
    1332 JP
    33,914
    170,3100.18
    Steel Dynamics Inc
    STLD US
    4,638
    170,2150.18
    Surgutneftegas Ojsc
    SGGD LI
    32,956
    168,4540.17
    Pennon Group Plc
    PNN LN
    15,732
    168,3980.17
    Sumitomo Metal Mining Co Ltd
    5713 JP
    11,223
    157,9260.16
    Boliden Ab
    BOL SS
    5,201
    157,6970.16
    Continental Resources Inc/Ok
    CLR US
    3,455
    156,8220.16
    Adecoagro Sa
    AGRO US
    13,209
    156,1300.16
    Hess Corp
    HES US
    2,894
    152,4850.16
    Petrochina Co Ltd
    857 HK
    194,940
    151,1240.16
    Stora Enso Oyj
    STERV FH
    13,992
    150,3690.15
    First Solar Inc
    FSLR US
    3,974
    150,3360.15
    Noble Energy Inc
    NBL US
    3,954
    145,3100.15
    National Oilwell Varco Inc
    NOV US
    3,484
    143,1920.15
    Smurfit Kappa Group Plc
    SKG LN
    5,361
    143,0940.15
    China Modern Dairy Holdings Ltd
    1117 HK
    576,800
    142,6960.15
    Centrica Plc
    CNA LN
    50,537
    142,3570.15
    China Hongqiao Group Ltd
    1378 HK
    138,100
    140,7180.14
    Voestalpine Ag
    VOE AV
    3,328
    140,4180.14
    Hyundai Steel Co
    004020 KS
    2,538
    140,1110.14
    First Quantum Minerals Ltd
    FM CN
    13,126
    139,5710.14
    Cia De Minas Buenaventura Saa
    BVN US
    11,218
    136,7470.14
    Inpex Corp
    1605 JP
    13,500
    135,6220.14
    Nine Dragons Paper Holdings Ltd
    2689 HK
    106,757
    134,2650.14
    Korea Zinc Co Ltd
    010130 KS
    359
    131,3920.14
    Empresas Cmpc Sa
    CMPC CI
    57,123
    128,8900.13
    United States Steel Corp
    X US
    3,357
    128,2040.13
    Marathon Oil Corp
    MRO US
    7,816
    123,8840.13
    Sk Holdings Co Ltd
    034730 KS
    649
    123,6390.13
    Tatneft Pjsc
    ATAD LI
    3,349
    122,3710.13
    Kghm Polska Miedz Sa
    KGH PW
    3,804
    122,0990.13
    Hitachi Metals Ltd
    5486 JP
    8,617
    122,0230.13
    Andersons Inc/The
    ANDE US
    3,038
    121,8240.13
    Ds Smith Plc
    SMDS LN
    21,627
    120,8620.12
    Aguas Andinas Sa
    AGUAS/A CI
    222,202
    118,5410.12
    B2gold Corp
    BTO CN
    38,899
    118,4740.12
    Reliance Steel & Aluminum Co
    RS US
    1,380
    117,7000.12
    Sk Innovation Co Ltd
    096770 KS
    853
    115,8050.12
    Omv Ag
    OMV AV
    3,019
    115,6660.12
    Evolution Mining Ltd
    EVN AU
    66,345
    114,6430.12
    Husky Energy Inc
    HSE CN
    9,275
    112,1450.12
    Cimarex Energy Co
    XEC US
    876
    110,3580.11
    Kurita Water Industries Ltd
    6370 JP
    4,565
    109,9890.11
    Pan American Silver Corp
    PAAS US
    6,196
    109,9170.11
    Eregli Demir Ve Celik Fabrikalari Tas
    EREGL TI
    66,566
    109,7990.11
    Oji Holdings Corp
    3861 JP
    22,776
    109,7200.11
    Jx Holdings Inc
    5020 JP
    23,000
    108,2150.11
    Fibria Celulose Sa
    FIBR3 BZ
    12,650
    108,0800.11
    Ormat Technologies Inc
    ORA US
    1,889
    107,2390.11
    Verbund Ag
    VER AV
    6,509
    106,9170.11
    Cheniere Energy Inc
    LNG US
    2,168
    106,0370.11
    Yamana Gold Inc
    AUY US
    38,567
    105,6740.11
    Cree Inc
    CREE US
    3,812
    104,9440.11
    Galp Energia Sgps Sa
    GALP PL
    7,114
    104,0500.11
    Oneok Inc
    OKE US
    1,942
    103,6060.11
    Kumba Iron Ore Ltd
    KIO SJ
    6,126
    103,0380.11
    Tahoe Resources Inc
    TAHO US
    12,660
    102,6730.11
    Cresud Sacif Y A
    CRESY US
    5,494
    102,4630.11
    Cia Siderurgica Nacional Sa
    SID US
    25,811
    101,4370.10
    Impala Platinum Holdings Ltd
    IMP SJ
    29,905
    101,3000.10
    Bluescope Steel Ltd
    BSL AU
    10,750
    100,9790.10
    Encana Corp
    ECA US
    8,976
    100,3520.10
    Ternium Sa
    TX US
    3,812
    99,6460.10
    Lee & Man Paper Manufacturing Ltd
    2314 HK
    104,300
    99,4690.10
    Mitsubishi Materials Corp
    5711 JP
    3,000
    99,4580.10
    Gold Fields Ltd
    GFI US
    33,437
    99,3080.10
    Graphic Packaging Holding Co
    GPK US
    7,256
    98,2460.10
    Ptt Exploration & Production Pcl
    PTTEP-R TB
    36,700
    97,5130.10
    Norway Royal Salmon Asa
    NRS NO
    4,737
    97,3140.10
    Samyang Corp
    145990 KS
    1,119
    97,2490.10
    Itron Inc
    ITRI US
    1,463
    96,8510.10
    Alcoa Corp
    AA US
    2,779
    96,6540.10
    Eqt Corp
    EQT US
    1,594
    96,5800.10
    Tesoro Corp
    TSO US
    1,078
    95,2200.10
    Cabot Oil & Gas Corp
    COG US
    4,291
    95,1310.10
    Lindsay Corp
    LNN US
    1,155
    93,6130.10
    Targa Resources Corp
    TRGP US
    1,668
    93,2580.10
    Eldorado Gold Corp
    EGO US
    29,165
    92,1610.09
    Gerdau Sa
    GGB US
    21,796
    91,9790.09
    Polski Koncern Naftowy Orlen Sa
    PKN PW
    3,945
    91,5360.09
    Hecla Mining Co
    HL US
    16,088
    89,7710.09
    Detour Gold Corp
    DGC CN
    7,106
    86,4080.09
    Neste Oyj
    NESTE FH
    2,365
    86,0200.09
    Zijin Mining Group Co Ltd
    2899 HK
    233,761
    85,6240.09
    Perusahaan Perkebunan London Sumatra In
    LSIP IJ
    741,600
    85,5960.09
    Cameco Corp
    CCJ US
    7,527
    84,9800.09
    Lundin Mining Corp
    LUN CN
    13,850
    84,6830.09
    Stillwater Mining Co
    SWC US
    4,928
    84,1210.09
    Northam Platinum Ltd
    NHM SJ
    20,748
    83,9790.09
    Polskie Gornictwo Naftowe I Gazownictwo
    PGN PW
    54,425
    83,9520.09
    Evraz Plc
    EVR LN
    28,652
    83,7500.09
    Royal Gold Inc
    RGLD US
    1,244
    82,4270.08
    Origin Energy Ltd
    ORG AU
    16,084
    80,8220.08
    Alamos Gold Inc
    AGI CN
    10,869
    79,8140.08
    Sappi Ltd
    SAP SJ
    12,372
    78,7240.08
    Louisiana-Pacific Corp
    LPX US
    3,250
    78,0980.08
    S-Oil Corp
    010950 KS
    1,038
    78,0190.08
    Outokumpu Oyj
    OUT1V FH
    7,904
    77,7780.08
    Alumina Ltd
    AWC AU
    54,046
    76,8380.08
    Sibanye Gold Ltd
    SGL SJ
    37,234
    76,3460.08
    Oil Search Ltd
    OSH AU
    14,013
    76,1050.08
    Ypf Sa
    YPF US
    3,629
    75,8100.08
    Billerudkorsnas Ab
    BILL SS
    4,758
    75,5910.08
    Acerinox Sa
    ACX SM
    5,251
    74,6860.08
    Diamondback Energy Inc
    FANG US
    721
    73,2900.08
    West Fraser Timber Co Ltd
    WFT CN
    1,743
    72,6710.07
    Iamgold Corp
    IMG CN
    18,342
    72,6650.07
    Bega Cheese Ltd
    BGA AU
    16,384
    72,3500.07
    Pretium Resources Inc
    PVG CN
    7,317
    71,9940.07
    Kobe Steel Ltd
    5406 JP
    7,300
    70,1550.07
    China Gas Holdings Ltd
    384 HK
    46,200
    69,8530.07
    Technipfmc Plc
    FTI US
    2,082
    68,7680.07
    Helmerich & Payne Inc
    HP US
    998
    68,4430.07
    Mol Hungarian Oil & Gas Plc
    MOL HB
    945
    67,9010.07
    California Water Service Group
    CWT US
    1,834
    67,7660.07
    Newfield Exploration Co
    NFX US
    1,820
    66,9580.07
    China Shenhua Energy Co Ltd
    1088 HK
    31,591
    66,3620.07
    Kunlun Energy Co Ltd
    135 HK
    73,800
    64,7800.07
    Lundin Petroleum Ab
    LUPE SS
    3,140
    64,0000.07
    Range Resources Corp
    RRC US
    2,280
    63,2020.07
    Portucel Sa
    PTI PL
    16,395
    62,3120.06
    American States Water Co
    AWR US
    1,398
    62,1830.06
    Vedanta Resources Plc
    VED LN
    5,589
    60,5200.06
    First Majestic Silver Corp
    AG US
    6,689
    60,1340.06
    Worthington Industries Inc
    WOR US
    1,200
    59,8920.06
    Sumitomo Forestry Co Ltd
    1911 JP
    4,083
    59,6480.06
    Coeur Mining Inc
    CDE US
    6,933
    58,8610.06
    Centerra Gold Inc
    CG CN
    12,003
    57,7220.06
    Crescent Point Energy Corp
    CPG CN
    4,994
    57,1430.06
    Domtar Corp
    UFS US
    1,430
    55,3120.06
    Tourmaline Oil Corp
    TOU CN
    2,470
    55,2430.06
    Inversiones Aguas Metropolitanas Sa
    IAM CI
    38,238
    55,0590.06
    Holmen Ab
    HOLMB SS
    1,420
    54,7470.06
    Tupras Turkiye Petrol Rafinerileri As
    TUPRS TI
    2,310
    54,0370.06
    Caltex Australia Ltd
    CTX AU
    2,406
    52,4690.05
    Weatherford International Plc
    WFT US
    9,049
    52,2130.05
    Nordex Se
    NDX1 GR
    3,708
    51,6130.05
    Ak Steel Holding Corp
    AKS US
    6,146
    51,4420.05
    Transocean Ltd
    RIG US
    3,591
    50,8490.05
    Petronas Dagangan Bhd
    PETD MK
    9,200
    50,7110.05
    Aurubis Ag
    NDA GR
    855
    49,8820.05
    Arc Resources Ltd
    ARX CN
    3,254
    49,6770.05
    Nippon Paper Industries Co Ltd
    3863 JP
    2,700
    49,2890.05
    Sunpower Corp
    SPWR US
    5,293
    47,5310.05
    Santos Ltd
    STO AU
    16,289
    47,2240.05
    Core Laboratories Nv
    CLB US
    407
    47,0860.05
    Commercial Metals Co
    CMC US
    2,215
    46,9360.05
    Hollyfrontier Corp
    HFC US
    1,622
    46,2430.05
    Ssab Ab
    SSABB SS
    13,801
    45,8980.05
    Murphy Oil Corp
    MUR US
    1,589
    45,7160.05
    Dowa Holdings Co Ltd
    5714 JP
    5,600
    45,2670.05
    Jiangxi Copper Co Ltd
    358 HK
    26,500
    45,2290.05
    Daido Steel Co Ltd
    5471 JP
    8,800
    43,0770.04
    Salzgitter Ag
    SZG GR
    1,143
    42,7760.04
    Saipem Spa
    SPM IM
    93,621
    41,8370.04
    Iluka Resources Ltd
    ILU AU
    7,959
    41,5490.04
    Allegheny Technologies Inc
    ATI US
    2,070
    40,6340.04
    Canfor Corp
    CFP CN
    3,035
    39,5690.04
    Jastrzebska Spolka Weglowa Sa
    JSW PW
    2,233
    38,6810.04
    Daio Paper Corp
    3880 JP
    3,100
    38,5220.04
    Aluminum Corp Of China Ltd
    2600 HK
    74,600
    38,0350.04
    Yamato Kogyo Co Ltd
    5444 JP
    1,300
    36,8490.04
    Carpenter Technology Corp
    CRS US
    887
    36,3850.04
    Vale Indonesia Tbk Pt
    INCO IJ
    188,900
    36,2400.04
    Zhaojin Mining Industry Co Ltd
    1818 HK
    35,600
    34,8530.04
    Southwestern Energy Co
    SWN US
    4,527
    34,4500.04
    Rengo Co Ltd
    3941 JP
    5,870
    33,7750.03
    Hokuetsu Kishu Paper Co Ltd
    3865 JP
    4,800
    33,0050.03
    Young Poong Corp
    000670 KS
    36
    31,9910.03
    Huaneng Power International Inc
    902 HK
    43,900
    29,7300.03
    Schweitzer-Mauduit International Inc
    SWM US
    698
    28,9740.03
    China Molybdenum Co Ltd
    3993 HK
    74,600
    28,5070.03
    New Gold Inc
    NGD CN
    9,766
    28,4020.03
    China Coal Energy Co Ltd
    1898 HK
    38,100
    20,1180.02
    China Oilfield Services Ltd
    2883 HK
    16,600
    16,7510.02
    Angang Steel Co Ltd
    347 HK
    20,400
    16,0110.02
    Yanzhou Coal Mining Co Ltd
    1171 HK
    18,500
    14,7720.02
    Dongfang Electric Corp Ltd
    1072 HK
    13,000
    13,2240.01
    Maanshan Iron & Steel Co Ltd
    323 HK
    33,600
    12,5210.01
    Tianjin Capital Environmental Protectio
    1065 HK
    12,800
    7,4250.01
    Pescanova Sa
    PVA SM
    1,409
    0.00
    Other/Cash
    --
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    -149,352-0.15
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.