The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alamos Gold Inc Common 011532108 133,300 3,100 SH SOLE 3,100 0 0
Alibaba Group Holding Ltd Common 01609W102 806,232 8,400 SH SOLE 8,400 0 0
Alphabet Inc Common 02079K305 8,615,833 24,109 SH SOLE 24,109 0 0
Amazon.com Inc Common 023135106 4,027,946 16,900 SH SOLE 16,900 0 0
Amplify Junior Silver Miners ETF ETP 032108649 497,664 19,200 SH SOLE 19,200 0 0
Anglogold Ashanti Plc Common 035128206 1,423,664 17,600 SH SOLE 17,600 0 0
Apple Inc Common 037833100 2,855,983 9,870 SH SOLE 9,870 0 0
ArcelorMittal SA Common 03938L203 1,860,798 30,900 SH SOLE 30,900 0 0
Argenx SE Common 04016X101 1,809,151 1,950 SH SOLE 1,950 0 0
Ascendis Pharma A/S Common K08588103 1,432,286 5,370 SH SOLE 5,370 0 0
ASE Technology Holding Co Ltd Common 00215W100 7,124,944 159,500 SH SOLE 159,500 0 0
Baidu Inc Common 056752108 1,660,062 14,525 SH SOLE 14,525 0 0
Banco Bilbao Vizcaya Argentaria SA Common 05946K101 2,110,052 84,200 SH SOLE 84,200 0 0
Banco Bradesco SA Common 059460303 2,140,514 629,600 SH SOLE 629,600 0 0
Banco Macro SA Common 05961W105 2,826,459 30,700 SH SOLE 30,700 0 0
Banco Santander SA Common 05964H105 10,501,110 760,950 SH SOLE 760,950 0 0
Bank of Montreal Common 063671101 10,579,542 42,500 SH SOLE 42,500 0 0
Barclays PLC Common 06738E204 3,051,296 113,600 SH SOLE 113,600 0 0
BHP Group Ltd Common 088606108 7,814,478 93,800 SH SOLE 93,800 0 0
Bunge Global SA Common G16962105 437,593 4,100 SH SOLE 4,100 0 0
Canadian Imperial Bank of Commerce Common 136069101 11,589,187 70,960 SH SOLE 70,960 0 0
Canadian Pacific Kansas City Ltd Common 13646K108 8,508,832 69,200 SH SOLE 69,200 0 0
Caterpillar Inc Common 149123101 17,678,618 16,632 SH SOLE 16,632 0 0
Cia de Minas Buenaventura SAA Common 204448104 2,477,934 84,600 SH SOLE 84,600 0 0
Cia de Saneamento Basico do Estado de Sao Paulo SABESP Common 20441A102 1,608,285 278,250 SH SOLE 278,250 0 0
Cia Siderurgica Nacional SA Common 20440W105 363,163 396,900 SH SOLE 396,900 0 0
Citigroup Inc Common 172967424 10,594,972 75,700 SH SOLE 75,700 0 0
Cosan SA Common 22113B103 616,320 214,000 SH SOLE 214,000 0 0
CRH PLC Common G25508105 1,257,250 11,750 SH SOLE 11,750 0 0
Criteo SA Common 226718104 879,268 48,100 SH SOLE 48,100 0 0
CSX Corp Common 126408103 10,142,902 213,400 SH SOLE 213,400 0 0
Daqo New Energy Corp Common 23703Q203 860,977 64,300 SH SOLE 64,300 0 0
Ecopetrol SA Common 279158109 1,901,040 133,500 SH SOLE 133,500 0 0
Eli Lilly & Co Common 532457108 6,416,950 5,350 SH SOLE 5,350 0 0
Embraer SA Common 29082A107 1,290,653 20,300 SH SOLE 20,300 0 0
Endava PLC Common 29260V105 327,148 115,600 SH SOLE 115,600 0 0
First Trust Materials AlphaDEX Fund ETP 33734X168 977,112 12,300 SH SOLE 12,300 0 0
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETP 33737A108 345,150 1,800 SH SOLE 1,800 0 0
First Trust Rising Dividend Achievers ETF ETP 33738R506 583,632 7,200 SH SOLE 7,200 0 0
First Trust SMID Cap Rising Dividend Achievers ETF ETP 33741X102 569,448 13,200 SH SOLE 13,200 0 0
Fresenius Medical Care AG Common 358029106 1,315,902 58,200 SH SOLE 58,200 0 0
Futu Holdings Ltd Common 36118L106 796,790 8,500 SH SOLE 8,500 0 0
GDS Holdings Ltd Common 36165L108 5,279,274 175,800 SH SOLE 175,800 0 0
GE Vernova Inc Common 36828A101 11,043,684 9,400 SH SOLE 9,400 0 0
Genmab A/S Common 372303206 1,247,138 45,400 SH SOLE 45,400 0 0
Global X Copper Miners ETF ETP 37954Y830 785,094 10,200 SH SOLE 10,200 0 0
Global X MSCI Argentina ETF ETP 37950E259 365,200 4,000 SH SOLE 4,000 0 0
Global X MSCI Colombia ETF ETP 37954Y327 274,890 6,600 SH SOLE 6,600 0 0
Global X Silver Miners ETF ETP 37954Y848 557,712 7,200 SH SOLE 7,200 0 0
Global X US Infrastructure Development ETF ETP 37954Y673 624,552 10,600 SH SOLE 10,600 0 0
Gold Fields Ltd Common 38059T106 1,316,728 39,200 SH SOLE 39,200 0 0
Goldman Sachs Group Inc/The Common 38141G104 6,675,042 6,600 SH SOLE 6,600 0 0
Grupo Cibest SA Common 40090E106 2,033,408 25,600 SH SOLE 25,600 0 0
Grupo Televisa SAB Common 40049J206 1,435,487 529,700 SH SOLE 529,700 0 0
Harmony Gold Mining Co Ltd Common 413216300 1,907,334 125,400 SH SOLE 125,400 0 0
Howmet Aerospace Inc Common 443201108 13,263,132 49,331 SH SOLE 49,331 0 0
Hudbay Minerals Inc Common 443628102 13,330,694 398,050 SH SOLE 398,050 0 0
Imperial Oil Ltd Common 453038408 10,840,828 68,070 SH SOLE 68,070 0 0
Invesco Dorsey Wright Emerging Markets Momentum ETF ETP 46138E867 467,532 14,000 SH SOLE 14,000 0 0
Invesco KBW Bank ETF ETP 46138E628 678,754 7,300 SH SOLE 7,300 0 0
Invesco S&P MidCap Momentum ET ETP 46137V464 289,238 1,700 SH SOLE 1,700 0 0
Invesco S&P SmallCap Industrials ETF ETP 46138E123 595,393 3,200 SH SOLE 3,200 0 0
Invesco S&P SmallCap Value with Momentum ETF ETP 46137V480 570,638 8,200 SH SOLE 8,200 0 0
Iron Mountain Inc Common 46284V101 7,755,434 61,400 SH SOLE 61,400 0 0
iShares Latin America 40 ETF ETP 464287390 550,125 16,300 SH SOLE 16,300 0 0
iShares MSCI Brazil ETF ETP 464286400 403,650 11,700 SH SOLE 11,700 0 0
iShares MSCI Emerging Markets ETF ETP 464287234 437,824 6,400 SH SOLE 6,400 0 0
iShares MSCI Europe Financials ETF ETP 464289180 604,345 15,500 SH SOLE 15,500 0 0
iShares MSCI Global Metals & Mining Producers ETF ETP 46434G848 790,840 13,600 SH SOLE 13,600 0 0
iShares MSCI Japan ETF ETP 46434G822 401,061 4,300 SH SOLE 4,300 0 0
iShares MSCI Mexico ETF ETP 464286822 286,026 3,800 SH SOLE 3,800 0 0
iShares MSCI Peru and Global Exposure ETF ETP 464289842 384,100 4,600 SH SOLE 4,600 0 0
iShares MSCI Singapore ETF ETP 46434G780 609,966 20,600 SH SOLE 20,600 0 0
iShares MSCI Spain ETF ETP 464286764 285,072 4,800 SH SOLE 4,800 0 0
iShares Russell 2000 ETF ETP 464287655 630,945 2,100 SH SOLE 2,100 0 0
iShares U.S. Transportation ETF ETP 464287192 581,225 6,700 SH SOLE 6,700 0 0
JD.com Inc Common 47215P106 950,404 37,300 SH SOLE 37,300 0 0
JPMorgan Chase & Co Common 46625H100 944,999 2,900 SH SOLE 2,900 0 0
KB Financial Group Inc Common 48241A105 1,312,000 12,500 SH SOLE 12,500 0 0
Kinross Gold Corp Common 496902404 664,884 19,800 SH SOLE 19,800 0 0
Korea Electric Power Corp Common 500631106 928,070 76,700 SH SOLE 76,700 0 0
Lakefront Biotherapeutics NV Common 36315X101 1,223,184 40,800 SH SOLE 40,800 0 0
Lam Research Corp Common 512807306 14,598,887 33,690 SH SOLE 33,690 0 0
Li Auto Inc Common 50202M102 1,091,820 93,000 SH SOLE 93,000 0 0
Lufax Holding Ltd Common 54975P201 756,096 572,800 SH SOLE 572,800 0 0
M&T Bank Corp Common 55261F104 1,023,443 4,300 SH SOLE 4,300 0 0
MDA Space Ltd Common 55293N109 163,912 2,800 SH SOLE 2,800 0 0
MINISO Group Holding Ltd Common 66981J102 1,028,718 85,300 SH SOLE 85,300 0 0
Mitsubishi UFJ Financial Group Inc Common 606822104 1,889,550 95,000 SH SOLE 95,000 0 0
Morgan Stanley Common 617446448 10,811,548 51,720 SH SOLE 51,720 0 0
NatWest Group PLC Common 639057207 2,009,820 114,000 SH SOLE 114,000 0 0
Nice Ltd Common 653656108 1,226,475 13,500 SH SOLE 13,500 0 0
Nokia Oyj Common 654902204 2,434,166 184,200 SH SOLE 184,200 0 0
Novo Nordisk A/S Common 670100205 1,663,518 34,700 SH SOLE 34,700 0 0
NVIDIA Corp Common 67066G104 10,564,752 52,800 SH SOLE 52,800 0 0
POSCO Holdings Inc Common 693483109 1,572,228 30,600 SH SOLE 30,600 0 0
Procure Space ETF Common 74280R205 228,015 4,500 SH SOLE 4,500 0 0
RELX PLC Common 759530108 598,563 18,900 SH SOLE 18,900 0 0
Rio Tinto PLC Common 767204100 564,833 5,950 SH SOLE 5,950 0 0
ROBO Global Robotics and Automation Index ETF ETP 301505707 291,244 3,400 SH SOLE 3,400 0 0
Royal Bank of Canada Common 780087102 12,138,366 41,580 SH SOLE 41,580 0 0
SAP SE Common 803054204 500,857 3,250 SH SOLE 3,250 0 0
Sasol Ltd Common 803866300 1,219,644 124,200 SH SOLE 124,200 0 0
Shinhan Financial Group Co Ltd Common 824596100 1,783,650 28,200 SH SOLE 28,200 0 0
SiTime Corp Common 82982T106 2,013,012 2,700 SH SOLE 2,700 0 0
Sociedad Quimica y Minera de Chile SA Common 833635105 2,147,160 29,000 SH SOLE 29,000 0 0
Sphere Entertainment Co Common 55826T102 1,539,967 8,900 SH SOLE 8,900 0 0
Sprott Gold Miners ETF ETP 85210B102 572,117 9,100 SH SOLE 9,100 0 0
Sprott Junior Copper Miners ETF ETP 85208P501 463,320 11,700 SH SOLE 11,700 0 0
Sprott Junior Gold Miners ETF ETP 85210B201 565,650 7,500 SH SOLE 7,500 0 0
Sprott Physical Gold Trust ETP 85207H104 603,400 20,000 SH SOLE 20,000 0 0
Sprott Physical Silver Trust ETP 85207K107 617,049 32,700 SH SOLE 32,700 0 0
State Street SPDR S&P Biotech ETF ETP 78464A870 1,740,750 11,000 SH SOLE 11,000 0 0
State Street SPDR S&P Oil & Gas Exploration & Production ETF ETP 78468R556 262,242 1,700 SH SOLE 1,700 0 0
STMicroelectronics NV Common 861012102 4,351,109 58,100 SH SOLE 58,100 0 0
Sumitomo Mitsui Financial Group Inc Common 86562M209 3,386,088 143,600 SH SOLE 143,600 0 0
Suncor Energy Inc Common 867224107 184,646 2,420 SH SOLE 2,420 0 0
Taiwan Semiconductor Manufacturing Co Ltd Common 874039100 2,287,560 4,790 SH SOLE 4,790 0 0
Telefonica Brasil SA Common 87936R205 1,337,806 102,100 SH SOLE 102,100 0 0
Telkom Indonesia Persero Tbk PT Common 715684106 5,130,260 382,000 SH SOLE 382,000 0 0
Teva Pharmaceutical Industries Ltd Common 881624209 3,015,320 89,000 SH SOLE 89,000 0 0
UBS Group AG Common H42097107 1,739,556 35,100 SH SOLE 35,100 0 0
VanEck Junior Gold Miners ETF ETP 92189F791 579,675 5,900 SH SOLE 5,900 0 0
VanEck Rare Earth and Strategic Metals ETF ETP 92189H805 318,600 3,600 SH SOLE 3,600 0 0
VanEck Steel ETF ETP 92189F205 423,163 4,300 SH SOLE 4,300 0 0
Vanguard FTSE All-World ex-US ETF ETP 922042775 778,875 9,300 SH SOLE 9,300 0 0
Vanguard Industrials ETF ETP 92204A603 648,684 1,800 SH SOLE 1,800 0 0
Vodafone Group PLC Common 92857W308 1,626,675 123,000 SH SOLE 123,000 0 0
Wheaton Precious Metals Corp Common 962879102 891,828 5,590 SH SOLE 5,590 0 0
Wipro Ltd Common 97651M109 542,010 243,600 SH SOLE 243,600 0 0
WisdomTree Japan Hedged Equity Fund ETP 97717W851 537,912 3,100 SH SOLE 3,100 0 0
Woodside Energy Group Ltd Common 980228308 1,383,312 71,600 SH SOLE 71,600 0 0
Woori Financial Group Inc Common 981064108 1,079,120 18,800 SH SOLE 18,800 0 0
WPP PLC Common 92937A102 571,581 36,900 SH SOLE 36,900 0 0
Xtrackers Harvest CSI 300 China A-Shares ETF ETP 233051879 252,954 6,900 SH SOLE 6,900 0 0
YPF SA Common 984245100 3,919,514 86,200 SH SOLE 86,200 0 0