| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 19,781,856 | -296,999 | 557,057,064.96 | 0.3986 | 7.7969 | 09/30/2025 |
| 2 | FIL Investments International | 9,076,746 | 2,341,989 | 255,601,167.36 | 0.176 | 3.5775 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 7,196,976 | 1,694,875 | 202,666,844.16 | 0.2562 | 2.8366 | 09/30/2025 |
| 4 | BlackRock Fund Advisors | 7,086,886 | 55,584 | 199,566,709.76 | 0.0043 | 2.7932 | 09/30/2025 |
| 5 | The Bank of Nova Scotia (Private Banking) | 5,476,160 | -2,880,460 | 154,208,665.6 | 0.2622 | 2.1584 | 09/30/2025 |
| 6 | Macquarie Investment Management Business Trust | 3,759,083 | -115,718 | 105,855,777.28 | 0.1072 | 1.4816 | 09/30/2025 |
| 7 | SSgA Funds Management, Inc. | 3,542,172 | 293,473 | 99,747,563.52 | 0.0033 | 1.3961 | 09/30/2025 |
| 8 | FIL Investment Advisors (UK) Ltd. | 3,311,720 | 1,316,542 | 93,258,035.2 | 0.3391 | 1.3053 | 09/30/2025 |
| 9 | BlackRock Advisors (UK) Ltd. | 3,258,058 | 779,858 | 91,746,913.28 | 0.0101 | 1.2841 | 09/30/2025 |
| 10 | Tidal Investments LLC | 3,158,341 | 602,345 | 88,938,882.56 | 0.3641 | 1.2448 | 09/30/2025 |
| 11 | JPMorgan Securities LLC (Investment Management) | 2,072,383 | 218,833 | 58,358,305.28 | 0.0283 | 0.8168 | 09/30/2025 |
| 12 | American Century Investment Management, Inc. | 1,737,984 | 1,184,963 | 48,941,629.44 | 0.0188 | 0.685 | 09/30/2025 |
| 13 | Acadian Asset Management LLC | 1,383,347 | -14,847 | 38,955,051.52 | 0.0581 | 0.5452 | 09/30/2025 |
| 14 | Artisan Partners LP | 1,242,845 | 524,054 | 34,998,515.2 | 0.0275 | 0.4899 | 09/30/2025 |
| 15 | Sprott Asset Management USA, Inc. | 1,054,139 | 1,054,139 | 29,684,554.24 | 0.7412 | 0.4155 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 10,045,334 | 1,351,475 | 282,876,605.44 | 1.128 | 3.9593 | 11/28/2025 |
| 2 | Global X Silver Miners ETF | 5,785,429 | 1,793,956 | 162,917,680.64 | 3.6737 | 2.2803 | 11/28/2025 |
| 3 | VanEck Junior Gold Miners ETF | 5,253,859 | -99,010 | 147,948,669.44 | 1.5456 | 2.0708 | 11/28/2025 |
| 4 | Amplify Junior Silver Miners ETF | 3,261,521 | 633,644 | 91,844,431.36 | 2.7432 | 1.2855 | 11/28/2025 |
| 5 | Macquarie Emerging Markets Fund | 3,217,400 | 0 | 90,601,984 | 1.062 | 1.2681 | 10/31/2025 |
| 6 | Fidelity Funds SICAV - Emerging Markets Fund | 3,075,999 | 412,833 | 86,620,131.84 | 2.6866 | 1.2124 | 10/31/2025 |
| 7 | Strategic Advisers Fidelity Emerging Markets Fund | 3,042,286 | 940,049 | 85,670,773.76 | 0.2714 | 1.1991 | 10/31/2025 |
| 8 | iShares Core MSCI Emerging Markets ETF | 1,696,621 | 183,043 | 47,776,847.36 | 0.0404 | 0.6687 | 11/28/2025 |
| 9 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 1,572,628 | 397,014 | 44,285,204.48 | 1.1284 | 0.6198 | 11/28/2025 |
| 10 | Global X Silver Miners UCITS ETF | 1,364,426 | 912,491 | 38,422,236.16 | 3.5242 | 0.5378 | 11/28/2025 |
| 11 | iShares V Plc - Gold Producers UCITS ETF | 1,355,974 | 138,834 | 38,184,227.84 | 0.8867 | 0.5344 | 11/28/2025 |
| 12 | iShares S&P/TSX Global Gold Index ETF | 968,205 | -57,413 | 27,264,652.8 | 0.9843 | 0.3816 | 11/28/2025 |
| 13 | Avantis Emerging Markets Equity ETF | 924,731 | 507,977 | 26,040,424.96 | 0.1706 | 0.3645 | 11/28/2025 |
| 14 | Fidelity Institutional Funds - Emerging Markets Fund | 879,906 | 0 | 24,778,152.96 | 1.2884 | 0.3468 | 02/28/2025 |
| 15 | Invesco Gold and Special Minerals Fund | 841,253 | 841,253 | 23,689,684.48 | 0.5575 | 0.3316 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | FIL Investments International | 9,076,746 | 2,341,989 | 255,601,167.36 | 0.176 | 3.5775 | 09/30/2025 |
| 2 | Global X Management Co. LLC | 7,196,976 | 1,694,875 | 202,666,844.16 | 0.2562 | 2.8366 | 09/30/2025 |
| 3 | FIL Investment Advisors (UK) Ltd. | 3,311,720 | 1,316,542 | 93,258,035.2 | 0.3391 | 1.3053 | 09/30/2025 |
| 4 | American Century Investment Management, Inc. | 1,737,984 | 1,184,963 | 48,941,629.44 | 0.0188 | 0.685 | 09/30/2025 |
| 5 | Sprott Asset Management USA, Inc. | 1,054,139 | 1,054,139 | 29,684,554.24 | 0.7412 | 0.4155 | 09/30/2025 |
| 6 | Invesco Advisers, Inc. | 857,522 | 843,128 | 24,147,819.52 | 0.0103 | 0.338 | 09/30/2025 |
| 7 | BlackRock Advisors (UK) Ltd. | 3,258,058 | 779,858 | 91,746,913.28 | 0.0101 | 1.2841 | 09/30/2025 |
| 8 | Tidal Investments LLC | 3,158,341 | 602,345 | 88,938,882.56 | 0.3641 | 1.2448 | 09/30/2025 |
| 9 | Artisan Partners LP | 1,242,845 | 524,054 | 34,998,515.2 | 0.0275 | 0.4899 | 09/30/2025 |
| 10 | Arrowstreet Capital LP | 506,349 | 506,349 | 14,258,787.84 | 0.0084 | 0.1996 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AFP Integra SA (Investment Management) | 0 | -13,495,166 | 0 | 0 | 0 | |
| 2 | The Bank of Nova Scotia (Private Banking) | 5,476,160 | -2,880,460 | 154,208,665.6 | 0.2622 | 2.1584 | 09/30/2025 |
| 3 | Helikon Investments Ltd. | 0 | -1,707,359 | 0 | 0 | 0 | |
| 4 | Sagil Capital LLP | 447,516 | -921,338 | 12,602,050.56 | 6.7159 | 0.1764 | 09/30/2025 |
| 5 | Moore Capital Management LP | 0 | -518,126 | 0 | 0 | 0 | |
| 6 | BNP Paribas Financial Markets | 144,692 | -496,864 | 4,074,526.72 | 0.003 | 0.057 | 09/30/2025 |
| 7 | Oldfield Partners LLP | 165,939 | -332,081 | 4,672,842.24 | 0.5677 | 0.0654 | 09/30/2025 |
| 8 | Northern Trust Investments, Inc.(Investment Management) | 965,832 | -317,625 | 27,197,829.12 | 0.0038 | 0.3807 | 09/30/2025 |
| 9 | Millennium Management LLC | 126,860 | -297,567 | 3,572,377.6 | 0.0028 | 0.05 | 09/30/2025 |
| 10 | Van Eck Associates Corp. | 19,781,856 | -296,999 | 557,057,064.96 | 0.3986 | 7.7969 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.