FNARX Holdings List

As of Dec 31, 2024

No.	Symbol	Name	% Weight	Shares
1	XOM	Exxon Mobil Corporation	21.68%	1,136,059
2	SHEL	Shell plc	9.61%	864,700
3	TSX: IMO	Imperial Oil Limited	9.08%	830,200
4	TSX: MEG	MEG Energy Corp.	5.10%	1,751,739
5	ELI: GALP	Galp Energia, SGPS, S.A.	4.51%	1,533,800
6	VLO	Valero Energy Corporation	4.07%	187,000
7	TSX: ATH	Athabasca Oil Corporation	3.74%	5,690,466
8	TSX: AEM	Agnico Eagle Mines Limited	3.00%	216,100
9	EXE	Expand Energy Corporation	2.88%	163,183
10	ATR	AptarGroup, Inc.	2.75%	98,600
11	TSX: FM	First Quantum Minerals Ltd.	2.63%	1,148,600
12	TSX: SOBO	South Bow Corporation	2.58%	617,233
13	TRGP	Targa Resources Corp.	2.22%	70,200
14	TSX: IVN	Ivanhoe Mines Ltd.	2.19%	1,039,000
15	IP	International Paper Company	2.14%	224,500
16	TSX: AOI	Africa Oil Corp.	2.05%	8,443,800
17	TECK	Teck Resources Limited	1.98%	275,900
18	TSX: WPM	Wheaton Precious Metals Corp.	1.75%	175,350
19	CCJ	Cameco Corporation	1.63%	178,700
20	DTM	DT Midstream, Inc.	1.43%	81,300
21	MPC	Marathon Petroleum Corporation	1.28%	51,600
22	TSX: TRP	TC Energy Corporation	1.18%	143,200
23	TSX: FNV	Franco-Nevada Corporation	1.18%	56,600
24	ET	Energy Transfer LP	1.13%	326,300
25	MLM	Martin Marietta Materials, Inc.	1.01%	11,000
26	AVY	Avery Dennison Corporation	0.99%	29,700
27	WFRD	Weatherford International plc	0.91%	71,364
28	TSX: AGI	Alamos Gold Inc.	0.83%	254,200
29	FTI	TechnipFMC plc	0.79%	154,500
30	CCK	Crown Holdings, Inc.	0.79%	53,900
31	ARIS	Aris Water Solutions, Inc.	0.59%	139,200
32	TSX: ALS	Altius Minerals Corporation	0.54%	165,800
33	HL	Hecla Mining Company	0.50%	572,800
34	TSX: CVE	Cenovus Energy Inc.	0.39%	146,200
35	CNR	Core Natural Resources, Inc.	0.32%	16,700
36	KGS	Kodiak Gas Services, Inc.	0.31%	43,096
37	TSX: TOU	Tourmaline Oil Corp.	0.26%	31,800
38	n/a	Cash	-0.04%	0

As of Dec 31, 2024

Asset Allocation

Asset Class	% Weight
Stocks	99.69%
Cash	0.31%

Sector Breakdown

Sector	% Weight
Energy	78.28%
Materials	17.63%
Other	4.09%

Country Breakdown

Sector	% Weight
United States	62.16%
Canada	29.51%
Switzerland	4.57%
United Kingdom	1.37%
Australia	1.22%
Netherlands	1.08%
Other	0.09%