| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 51,228,746 | -11,661,036 | 736,157,080.02 | 0.684 | 8.0705 | 03/31/2025 |
| 2 | Lingotto Investment Management LLP | 21,153,214 | 261,000 | 303,971,685.18 | 5.3062 | 3.3324 | 03/31/2025 |
| 3 | Dimensional Fund Advisors LP | 6,700,633 | -523,282 | 96,288,096.21 | 0.0148 | 1.0556 | 03/31/2025 |
| 4 | Goldman Sachs Asset Management LP | 4,389,444 | 3,843,917 | 63,076,310.28 | 0.0149 | 0.6915 | 03/31/2025 |
| 5 | American Century Investment Management, Inc. | 3,805,276 | 493,041 | 54,681,816.12 | 0.0236 | 0.5995 | 03/31/2025 |
| 6 | BlackRock Advisors (UK) Ltd. | 2,848,125 | 71,185 | 40,927,556.25 | 0.0051 | 0.4487 | 03/31/2025 |
| 7 | Acadian Asset Management LLC | 2,460,852 | 2,400,889 | 35,362,443.24 | 0.0746 | 0.3877 | 03/31/2025 |
| 8 | BlackRock Asset Management Canada Ltd. | 2,377,103 | 16,343 | 34,158,970.11 | 0.0346 | 0.3745 | 03/31/2025 |
| 9 | Lazard Asset Management LLC | 2,112,162 | 863,703 | 30,351,767.94 | 0.0265 | 0.3327 | 03/31/2025 |
| 10 | Konwave AG | 2,071,935 | 0 | 29,773,705.95 | 1.5693 | 0.3264 | 04/30/2025 |
| 11 | Mackenzie Financial Corp. | 1,840,989 | 241,076 | 26,455,011.93 | 0.0252 | 0.29 | 03/31/2025 |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 1,606,484 | 865,632 | 23,085,175.08 | 0.0804 | 0.2531 | 03/31/2025 |
| 13 | UBS Securities LLC | 1,508,167 | 796,234 | 21,672,359.79 | 0.0089 | 0.2376 | 03/31/2025 |
| 14 | JPMorgan Asset Management (UK) Ltd. | 1,236,768 | 217,549 | 17,772,356.16 | 0.0124 | 0.1948 | 03/31/2025 |
| 15 | Wellington Management Co. LLP | 1,207,447 | -618,217 | 17,351,013.39 | 0.0029 | 0.1902 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Junior Gold Miners ETF | 23,396,095 | -8,665,177 | 336,201,885.15 | 6.0397 | 3.6858 | 06/30/2025 |
| 2 | VanEck Gold Miners ETF | 19,355,397 | -7,249,645 | 278,137,054.89 | 1.7647 | 3.0492 | 06/30/2025 |
| 3 | DFA Emerging Markets Core Equity 2 Portfolio | 3,420,798 | -114,755 | 49,156,867.26 | 0.1566 | 0.5389 | 03/31/2025 |
| 4 | VanEck UCITS ETFs Plc - Junior Gold Miners UCITS ETF | 3,125,980 | -228,336 | 44,920,332.6 | 6.04 | 0.4925 | 06/30/2025 |
| 5 | iShares V Plc - Gold Producers UCITS ETF | 3,108,506 | 343,634 | 44,669,231.22 | 1.5067 | 0.4897 | 06/30/2025 |
| 6 | American Century Global Gold Fund | 2,413,900 | 280,400 | 34,687,743 | 3.185 | 0.3803 | 03/31/2025 |
| 7 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 2,219,532 | -353,122 | 31,894,674.84 | 1.7667 | 0.3497 | 06/30/2025 |
| 8 | iShares S&P/TSX Global Gold Index ETF | 2,167,049 | -193,711 | 31,140,494.13 | 1.8863 | 0.3414 | 06/30/2025 |
| 9 | Multipartner SICAV - KONWAVE Gold Equity Fund | 2,000,000 | 0 | 28,740,000 | 1.9736 | 0.3151 | 12/31/2024 |
| 10 | Avantis Emerging Markets Equity ETF | 1,400,297 | 321,374 | 20,122,267.89 | 0.1849 | 0.2206 | 06/30/2025 |
| 11 | GS Funds - Emerging Markets CORE Equity Portfolio | 1,346,221 | 1,209,806 | 19,345,195.77 | 0.5485 | 0.2121 | 03/31/2025 |
| 12 | DFA Emerging Markets Small Cap Series (The) | 1,257,801 | -125,965 | 18,074,600.37 | 0.4548 | 0.1982 | 01/31/2025 |
| 13 | DFA Emerging Markets Small Cap Portfolio | 1,208,694 | -175,072 | 17,368,932.78 | 0.4366 | 0.1904 | 03/31/2025 |
| 14 | Sprott Gold Miners ETF | 1,045,152 | 925,039 | 15,018,834.24 | 3.607 | 0.1647 | 06/30/2025 |
| 15 | Goldman Sachs Emerging Markets Equity Insights Fund | 1,011,839 | 1,011,839 | 14,540,126.43 | 0.6042 | 0.1594 | 04/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs Asset Management LP | 4,389,444 | 3,843,917 | 63,076,310.28 | 0.0149 | 0.6915 | 03/31/2025 |
| 2 | Acadian Asset Management LLC | 2,460,852 | 2,400,889 | 35,362,443.24 | 0.0746 | 0.3877 | 03/31/2025 |
| 3 | CPR Asset Management SA | 1,150,000 | 1,150,000 | 16,525,500 | 0.0538 | 0.1812 | 03/31/2025 |
| 4 | Cubist Systematic Strategies LLC | 950,136 | 890,387 | 13,653,454.32 | 0.1605 | 0.1497 | 03/31/2025 |
| 5 | Connor, Clark & Lunn Investment Management Ltd. | 1,606,484 | 865,632 | 23,085,175.08 | 0.0804 | 0.2531 | 03/31/2025 |
| 6 | Lazard Asset Management LLC | 2,112,162 | 863,703 | 30,351,767.94 | 0.0265 | 0.3327 | 03/31/2025 |
| 7 | UBS Securities LLC | 1,508,167 | 796,234 | 21,672,359.79 | 0.0089 | 0.2376 | 03/31/2025 |
| 8 | Leap Investments LP | 580,300 | 561,470 | 8,338,911 | 0.137 | 0.0914 | 03/31/2025 |
| 9 | American Century Investment Management, Inc. | 3,805,276 | 493,041 | 54,681,816.12 | 0.0236 | 0.5995 | 03/31/2025 |
| 10 | Marshall Wace LLP | 758,023 | 369,819 | 10,892,790.51 | 0.0126 | 0.1194 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 51,228,746 | -11,661,036 | 736,157,080.02 | 0.684 | 8.0705 | 03/31/2025 |
| 2 | Kopernik Global Investors LLC | 17,215 | -2,707,637 | 247,379.55 | 0.0041 | 0.0027 | 03/31/2025 |
| 3 | ABC Arbitrage Asset Management SA | 0 | -2,463,933 | 0 | 0 | 0 | |
| 4 | Qube Research & Technologies Ltd. | 260,915 | -1,895,130 | 3,749,348.55 | 0.0052 | 0.0411 | 03/31/2025 |
| 5 | Millennium Management LLC | 1,025,661 | -1,609,521 | 14,738,748.57 | 0.0129 | 0.1616 | 03/31/2025 |
| 6 | Jane Street Capital LLC | 591,833 | -1,130,460 | 8,504,640.21 | 0.0129 | 0.0932 | 03/31/2025 |
| 7 | AQR Capital Management LLC | 1,024,589 | -1,104,081 | 14,723,343.93 | 0.0121 | 0.1614 | 03/31/2025 |
| 8 | D. E. Shaw & Co. LP | 682,623 | -787,529 | 9,809,292.51 | 0.0104 | 0.1075 | 03/31/2025 |
| 9 | Merrill Lynch International (Investment Management) | 0 | -779,218 | 0 | 0 | 0 | |
| 10 | Wellington Management Co. LLP | 1,207,447 | -618,217 | 17,351,013.39 | 0.0029 | 0.1902 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.