| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,564,272 | -9,941,639 | 991,487,433.12 | 0.9865 | 4.3087 | 03/31/2025 |
| 2 | First Eagle Investment Management LLC | 6,148,502 | -964,045 | 158,077,986.42 | 0.1787 | 0.687 | 03/31/2025 |
| 3 | Dimensional Fund Advisors LP | 5,250,373 | -72,243 | 134,987,089.83 | 0.0233 | 0.5866 | 03/31/2025 |
| 4 | RWC Asset Advisors (US) LLC | 5,058,302 | -2,508,465 | 130,048,944.42 | 2.8015 | 0.5652 | 03/31/2025 |
| 5 | BlackRock Advisors (UK) Ltd. | 4,577,402 | -163,574 | 117,685,005.42 | 0.0154 | 0.5114 | 03/31/2025 |
| 6 | Massachusetts Financial Services Co. | 4,406,133 | -1,557,644 | 113,281,679.43 | 0.0366 | 0.4923 | 03/31/2025 |
| 7 | BlackRock Asset Management Canada Ltd. | 3,821,620 | 795,625 | 98,253,850.2 | 0.1038 | 0.427 | 03/31/2025 |
| 8 | DJE Kapital AG | 3,768,951 | 3,768,951 | 96,899,730.21 | 1.1567 | 0.4211 | 03/31/2025 |
| 9 | Invesco Advisers, Inc. | 3,679,227 | 111,035 | 94,592,926.17 | 0.0384 | 0.4111 | 03/31/2025 |
| 10 | Orbis Investment Management Ltd. | 3,494,861 | -1,953,550 | 89,852,876.31 | 0.2716 | 0.3905 | 03/31/2025 |
| 11 | American Century Investment Management, Inc. | 3,154,846 | 357,815 | 81,111,090.66 | 0.0363 | 0.3525 | 03/31/2025 |
| 12 | Goldman Sachs Asset Management LP | 3,107,330 | 459,437 | 79,889,454.3 | 0.0198 | 0.3472 | 03/31/2025 |
| 13 | Konwave AG | 3,038,467 | 71,000 | 78,118,986.57 | 4.0974 | 0.3395 | 03/31/2025 |
| 14 | Arrowstreet Capital LP | 3,003,641 | 2,983,330 | 77,223,610.11 | 0.0561 | 0.3356 | 03/31/2025 |
| 15 | CPR Asset Management SA | 2,833,458 | 1,065,230 | 72,848,205.18 | 0.2456 | 0.3166 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 29,904,693 | -9,578,731 | 768,849,657.03 | 4.5959 | 3.3412 | 05/30/2025 |
| 2 | First Eagle Gold Fund | 5,927,329 | -900,000 | 152,391,628.59 | 4.2022 | 0.6623 | 01/31/2025 |
| 3 | Redwheel Emerging Markets Equity Fund Ltd. | 5,832,351 | 0 | 149,949,744.21 | 5.127 | 0.6516 | 06/28/2024 |
| 4 | iShares V Plc - Gold Producers UCITS ETF | 4,550,939 | -95,997 | 117,004,641.69 | 4.3812 | 0.5085 | 05/30/2025 |
| 5 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 4,044,510 | 163,643 | 103,984,352.1 | 4.5917 | 0.4519 | 05/30/2025 |
| 6 | iShares S&P/TSX Global Gold Index ETF | 3,841,732 | 285,110 | 98,770,929.72 | 5.4901 | 0.4292 | 05/30/2025 |
| 7 | Invesco Gold and Special Minerals Fund | 3,567,670 | 110,000 | 91,724,795.7 | 3.1809 | 0.3986 | 03/31/2025 |
| 8 | MFS Emerging Markets Equity Fund | 3,466,280 | -667,767 | 89,118,058.8 | 1.0401 | 0.3873 | 04/30/2025 |
| 9 | Orbis SICAV - International Equity Fund | 3,077,727 | 894,187 | 79,128,361.17 | 2.601 | 0.3439 | 12/31/2024 |
| 10 | Multipartner SICAV - KONWAVE Gold Equity Fund | 2,740,800 | 0 | 70,465,968 | 4.8477 | 0.3062 | 11/29/2024 |
| 11 | DFA Emerging Markets Core Equity 2 Portfolio | 2,558,539 | -35,288 | 65,780,037.69 | 0.2164 | 0.2859 | 02/28/2025 |
| 12 | Victory Precious Metals and Minerals Fund | 2,125,451 | 0 | 54,645,345.21 | 6.9261 | 0.2375 | 03/31/2025 |
| 13 | American Century Global Gold Fund | 2,006,800 | 253,700 | 51,594,828 | 4.6118 | 0.2242 | 03/31/2025 |
| 14 | DJE - Zins & Dividende | 1,683,222 | -21,269 | 43,275,637.62 | 1.8437 | 0.1881 | 02/28/2025 |
| 15 | CPR Invest - Global Gold Mines | 1,673,060 | 0 | 43,014,372.6 | 4.7981 | 0.1869 | 07/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | DJE Kapital AG | 3,768,951 | 3,768,951 | 96,899,730.21 | 1.1567 | 0.4211 | 03/31/2025 |
| 2 | Arrowstreet Capital LP | 3,003,641 | 2,983,330 | 77,223,610.11 | 0.0561 | 0.3356 | 03/31/2025 |
| 3 | Clark Capital Management Group, Inc. | 2,226,626 | 2,226,626 | 57,246,554.46 | 0.3949 | 0.2488 | 03/31/2025 |
| 4 | Marshall Wace LLP | 1,603,439 | 1,478,657 | 41,224,416.69 | 0.0501 | 0.1792 | 03/31/2025 |
| 5 | Schroder Investment Management Ltd. | 2,303,579 | 1,432,478 | 59,225,016.09 | 0.0278 | 0.2574 | 03/31/2025 |
| 6 | Robeco Institutional Asset Management BV | 1,486,280 | 1,157,398 | 38,212,258.8 | 0.0412 | 0.1661 | 03/31/2025 |
| 7 | CPR Asset Management SA | 2,833,458 | 1,065,230 | 72,848,205.18 | 0.2456 | 0.3166 | 03/31/2025 |
| 8 | BlackRock Asset Management Canada Ltd. | 3,821,620 | 795,625 | 98,253,850.2 | 0.1038 | 0.427 | 03/31/2025 |
| 9 | UBS Asset Management (UK) Ltd. | 1,399,464 | 753,781 | 35,980,219.44 | 0.0213 | 0.1564 | 03/31/2025 |
| 10 | Silvercrest Asset Management Group LLC | 679,414 | 679,414 | 17,467,733.94 | 0.12 | 0.0759 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,564,272 | -9,941,639 | 991,487,433.12 | 0.9865 | 4.3087 | 03/31/2025 |
| 2 | BlackRock Investment Management (UK) Ltd. | 2,263,296 | -4,235,415 | 58,189,340.16 | 0.0084 | 0.2529 | 03/31/2025 |
| 3 | RWC Asset Advisors (US) LLC | 5,058,302 | -2,508,465 | 130,048,944.42 | 2.8015 | 0.5652 | 03/31/2025 |
| 4 | Orbis Investment Management Ltd. | 3,494,861 | -1,953,550 | 89,852,876.31 | 0.2716 | 0.3905 | 03/31/2025 |
| 5 | Massachusetts Financial Services Co. | 4,406,133 | -1,557,644 | 113,281,679.43 | 0.0366 | 0.4923 | 03/31/2025 |
| 6 | Invesco Capital Management LLC | 0 | -1,401,086 | 0 | 0 | 0 | |
| 7 | USS Investment Management Ltd. | 1,824,346 | -1,019,343 | 46,903,935.66 | 0.3204 | 0.2038 | 03/31/2025 |
| 8 | First Eagle Investment Management LLC | 6,148,502 | -964,045 | 158,077,986.42 | 0.1787 | 0.687 | 03/31/2025 |
| 9 | Schroder Investment Management North America, Inc. | 269,192 | -805,359 | 6,920,926.32 | 0.039 | 0.0301 | 03/31/2025 |
| 10 | Jane Street Capital LLC | 444,979 | -762,736 | 11,440,410.09 | 0.0184 | 0.0497 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.