| 持股明細(資料日期：2025/10/31) |
| 持股名稱 | 比例 |
| POTLATCHDELTIC CORP | 8.34% |
| STORA ENSO CLASS R | 5.96% |
| KLABIN UNITS SA | 5.94% |
| WEYERHAEUSER REIT | 5.36% |
| RAYONIER REIT INC | 5.29% |
| OJI HOLDINGS CORP | 4.76% |
| UPM-KYMMENE | 4.75% |
| SVENSKA CELLULOSA B | 4.74% |
| SHANDONG SUNPAPER LTD A | 4.65% |
| SUZANO SA | 4.46% |
| SYLVAMO CORP | 4.39% |
| HOLMEN CLASS B | 4.02% |
| SMURFIT WESTROCK PLC | 4.01% |
| SCG PACKAGING PCL NON-VOTING DR | 4.00% |
| WEST FRASER TIMBER LTD | 3.84% |
| MONDI PLC | 3.74% |
| SUMITOMO FORESTRY LTD | 3.71% |
| INTERNATIONAL PAPER | 2.92% |
| CLEARWATER PAPER CORP | 2.70% |
| BILLERUD KORSNAS | 2.68% |
| EMPRESAS CMPC SA | 2.44% |
| SAPPI LTD | 2.35% |
| NINE DRAGONS PAPER HOLDINGS LTD | 1.72% |
| NIPPON PAPER INDUSTRIES LTD | 1.50% |
| DEXCO SA | 0.89% |
| RAYONIER INC CASH ACCRUAL 2 | 0.26% |
| USD CASH | 0.15% |
| EUR CASH | 0.13% |
| JPY CASH | 0.12% |
| CASH COLLATERAL USD JPFFT | 0.04% |
| BLK CSH FND TREASURY SL AGENCY | 0.02% |
| SEK CASH | 0.02% |
| CAD CASH | 0.02% |
| GBP CASH | 0.02% |
| BRL CASH | 0.01% |
| ZAR CASH | 0.01% |