FNARX Holdings List

As of Feb 28, 2025

No.	Symbol	Name	% Weight	Shares
1	XOM	Exxon Mobil Corporation	21.42%	1,093,659
2	SHEL	Shell plc	10.76%	907,000
3	TSX: IMO	Imperial Oil Limited	10.26%	860,400
4	TSX: MEG	MEG Energy Corp.	4.78%	1,746,639
5	VLO	Valero Energy Corporation	4.42%	192,000
6	ELI: GALP	Galp Energia, SGPS, S.A.	4.20%	1,449,000
7	TSX: AEM	Agnico Eagle Mines Limited	3.70%	218,500
8	TSX: ATH	Athabasca Oil Corporation	3.23%	5,580,066
9	TSX: SOBO	South Bow Corporation	2.94%	627,133
10	ATR	AptarGroup, Inc.	2.71%	105,100
11	TSX: WPM	Wheaton Precious Metals Corp.	2.65%	218,550
12	EXE	Expand Energy Corporation	2.64%	151,883
13	TSX: FM	First Quantum Minerals Ltd.	2.48%	1,135,700
14	TRGP	Targa Resources Corp.	2.42%	68,100
15	IP	International Paper Company	2.29%	230,900
16	TSX: AOI	Africa Oil Corp.	1.94%	8,321,600
17	TECK	Teck Resources Limited	1.91%	269,000
18	TSX: AGI	Alamos Gold Inc.	1.49%	369,400
19	MPC	Marathon Petroleum Corporation	1.47%	55,700
20	TSX: FNV	Franco-Nevada Corporation	1.45%	57,800
21	CCJ	Cameco Corporation	1.18%	152,200
22	TSX: IVN	Ivanhoe Mines Ltd.	1.08%	645,700
23	MLM	Martin Marietta Materials, Inc.	1.05%	12,400
24	TSX: CVE	Cenovus Energy Inc.	0.99%	405,300
25	AVY	Avery Dennison Corporation	0.98%	29,700
26	CCK	Crown Holdings, Inc.	0.84%	53,200
27	OSL: TGS	TGS ASA	0.55%	328,322
28	TSX: ALS	Altius Minerals Corporation	0.53%	180,900
29	KGS	Kodiak Gas Services, Inc.	0.52%	68,396
30	HL	Hecla Mining Company	0.52%	572,800
31	ET	Energy Transfer LP	0.51%	150,200
32	n/a	Fidelity Cash Central Fund	0.46%	2,608,116
33	COP	ConocoPhillips	0.41%	23,300
34	WFRD	Weatherford International plc	0.36%	33,264
35	TSX: OLA	Orla Mining Ltd.	0.32%	257,500
36	n/a	Cash	0.32%	0
37	TSXV: MTA	Metalla Royalty & Streaming Ltd.	0.23%	470,500
38	n/a	Nok Spot Cc	0.01%	642,261

As of Feb 28, 2025

Asset Allocation

Asset Class	% Weight
Stocks	99.21%
Cash	0.79%

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%