| Description | Shares | Value | |||
| Long-Term Investments 96.6% | |||||
| Common Stocks | |||||
| Coal & Consumable Fuels 6.2% | |||||
| Cameco Corp. (Canada) | 396,448 | $48,917,719 | |||
| Centrus Energy Corp. (Class A Stock)* | 11,423 | 3,178,792 | |||
| NexGen Energy Ltd. (Canada)* | 353,398 | 4,438,076 | |||
| 56,534,587 | |||||
| Construction & Engineering 2.3% | |||||
| MasTec, Inc.* | 85,381 | 20,532,423 | |||
| Copper 10.1% | |||||
| Antofagasta PLC (Chile) | 202,308 | 10,024,669 | |||
| ERO Copper Corp. (Brazil)* | 1,446,151 | 48,514,800 | |||
| First Quantum Minerals Ltd. (Zambia)* | 448,289 | 12,671,864 | |||
| Southern Copper Corp. (Mexico) | 105,082 | 19,999,206 | |||
| 91,210,539 | |||||
| Diversified Metals & Mining 14.7% | |||||
| Anglo American PLC (South Africa) | 340,371 | 15,782,259 | |||
| Hudbay Minerals, Inc. (Canada) | 2,125,317 | 50,337,071 | |||
| Ivanhoe Electric, Inc.* | 716,715 | 12,248,659 | |||
| Ivanhoe Mines Ltd. (Congo (Democratic Republic)) (Class A Stock)* | 1,552,252 | 19,630,433 | |||
| Lifezone Metals Ltd. (United Kingdom)*(a) | 775,168 | 4,100,639 | |||
| Lynas Rare Earths Ltd. (Australia)* | 302,325 | 3,043,243 | |||
| Rio Tinto PLC (Australia), ADR | 167,962 | 15,289,581 | |||
| Solaris Resources, Inc. (Canada)* | 1,006,087 | 9,287,639 | |||
| USA Rare Earth, Inc.*(a) | 146,027 | 3,273,925 | |||
| 132,993,449 | |||||
| Electrical Components & Equipment 1.0% | |||||
| Nextpower, Inc. (Class A Stock)* | 55,175 | 6,460,441 | |||
| T1 Energy, Inc. (Norway)* | 357,000 | 2,973,810 | |||
| 9,434,251 | |||||
| Fertilizers & Agricultural Chemicals 2.0% | |||||
| Corteva, Inc. | 157,243 | 11,447,290 | |||
| Mosaic Co. (The) | 251,939 | 6,928,323 | |||
| 18,375,613 | |||||
| Gold 15.0% | |||||
| Agnico Eagle Mines Ltd. (Canada) | 208,279 | 39,677,149 | |||
| Alamos Gold, Inc. (Canada) (Class A Stock) | 243,144 | 8,972,014 | |||
| Eldorado Gold Corp. (Turkey)* | 1,144,088 | 49,104,257 | |||
| Endeavour Mining PLC (Ivory Coast) | 694,529 | 37,918,177 | |||
| 135,671,597 | |||||
| Heavy Electrical Equipment 1.9% | |||||
| GE Vernova, Inc. | 23,804 | 17,290,511 | |||
| Integrated Oil & Gas 11.5% | |||||
| Chevron Corp. | 116,536 | 20,615,218 | |||
| Exxon Mobil Corp. | 236,635 | 33,460,189 | |||
| Shell PLC, ADR | 332,991 | 25,650,297 | |||
| TotalEnergies SE (France)(a) | 340,075 | 24,621,430 | |||
| 104,347,134 | |||||
| Description | Shares | Value | |||
| Common Stocks (Continued) | |||||
| Oil & Gas Equipment & Services 11.8% | |||||
| Baker Hughes Co. | 304,930 | $17,088,277 | |||
| Cactus, Inc. (Class A Stock) | 255,007 | 14,339,044 | |||
| SLB Ltd. | 313,721 | 15,177,822 | |||
| Solaris Energy Infrastructure, Inc. | 202,880 | 11,196,947 | |||
| TechnipFMC PLC (United Kingdom) | 759,796 | 42,335,833 | |||
| WaterBridge Infrastructure LLC (Class A Stock)* | 288,680 | 6,333,639 | |||
| 106,471,562 | |||||
| Oil & Gas Exploration & Production 10.4% | |||||
| ConocoPhillips | 150,306 | 15,666,394 | |||
| Diamondback Energy, Inc. | 59,684 | 9,785,192 | |||
| EQT Corp. | 237,251 | 13,696,500 | |||
| Expand Energy Corp. | 224,968 | 25,288,653 | |||
| Gulfport Energy Corp.* | 33,689 | 6,878,283 | |||
| Permian Resources Corp. (Class A Stock) | 1,395,600 | 22,511,028 | |||
| Sintana Energy, Inc. (Canada)* | 637,992 | 208,502 | |||
| Sintana Energy, Inc. (Canada) Private Placement, Reg D*(x) | 1,304,999 | 421,515 | |||
| 94,456,067 | |||||
| Oil & Gas Refining & Marketing 2.1% | |||||
| Valero Energy Corp. | 104,114 | 18,889,403 | |||
| Oil & Gas Storage & Transportation 1.0% | |||||
| Williams Cos., Inc. (The) | 135,474 | 9,111,981 | |||
| Precious Metals & Minerals 0.0% | |||||
| Sedibelo Platinum Mines Ltd. (South Africa) Private Placement*^(x) | 523,100 | 72 | |||
| Renewable Electricity 0.9% | |||||
| Ormat Technologies, Inc. | 68,689 | 8,582,004 | |||
| Semiconductors 1.3% | |||||
| First Solar, Inc.* | 50,302 | 11,344,107 | |||
| Specialty Chemicals 0.7% | |||||
| Albemarle Corp. | 37,203 | 6,347,948 | |||
| Steel 3.7% | |||||
| Steel Dynamics, Inc. | 88,750 | 15,936,837 | |||
| Vale SA (Brazil), ADR | 1,065,512 | 17,122,778 | |||
| 33,059,615 | |||||
| Total Long-Term Investments (cost $512,976,185) | 874,652,863 | ||||
| Short-Term Investments 3.8% | |||||
| Affiliated Mutual Funds | |||||
| PGIM Core Government Money Market Fund (7-day effective yield 3.805%)(wb) | 22,860,468 | 22,860,468 | |||
| Description | Shares | Value | |||
| Affiliated Mutual Funds (Continued) | |||||
| PGIM Institutional Money Market Fund (7-day effective yield 3.853%) (cost $11,238,738; includes $11,220,382 of cash collateral for securities on loan)(b)(wb) | 11,246,278 | $11,239,529 | |||
| Total Short-Term Investments (cost $34,099,206) | 34,099,997 | ||||
| TOTAL INVESTMENTS 100.4% (cost $547,075,391) | 908,752,860 | ||||
| Liabilities in excess of other assets (0.4)% | (3,866,479) | ||||
| Net Assets 100.0% | $904,886,381 | ||||
| Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
| ADR—American Depositary Receipt | ||
| Reg D—Security was purchased pursuant to Regulation D under the Securities Act of 1933, providing exemption from the registration requirements. Unless otherwise noted, Regulation D securities are deemed to be liquid. | ||
| * | Non-income producing security. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $72 and 0.0% of net assets. |
| (a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $10,988,994; cash collateral of $11,220,382 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
| (b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
| (wb) | Represents an investment in a Fund affiliated with the Manager. |
| (x) | The following represents restricted securities that are acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law. |
| Issuer | Acquisition Date | Original Cost | Market Value | Percentage of Net Assets | ||||
| Sedibelo Platinum Mines Ltd. (South Africa) Private Placement*^ | 11/27/07 | $4,469,143 | $72 | 0.0 % | ||||
| Sintana Energy, Inc. (Canada) Private Placement, Reg D* | 06/03/11 | 20,701,233 | 421,515 | 0.0 | ||||
| Total | $25,170,376 | $421,587 | 0.0% |