| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,466,161 | 52,272 | 18,303,553.92 | 0.9124 | 0.0921 | 05/31/2026 |
| 2 | Capital Research & Management Co. (World Investors) | 810,729 | 0 | 10,121,140.84 | 0.0009 | 0.0509 | 06/30/2026 |
| 3 | Capital Research & Management Co. (International Investors) | 91,421 | -56,632 | 1,141,299.76 | 0.0002 | 0.0057 | 06/30/2026 |
| 4 | Causeway Capital Management LLC | 85,916 | 32,192 | 1,072,575.34 | 0.0021 | 0.0054 | 06/30/2026 |
| 5 | AzValor Asset Management SGIIC SA | 67,381 | 0 | 841,184.4 | 0.0256 | 0.0042 | 12/31/2025 |
| 6 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 60,829 | 0 | 759,389.24 | 1.2508 | 0.0038 | 12/31/2025 |
| 7 | Perspective Invest LLP | 57,825 | 0 | 721,887.3 | 0.4697 | 0.0036 | 12/31/2025 |
| 8 | Tuttle Capital Management LLC | 14,631 | 507 | 182,653.4 | 0.0349 | 0.0009 | 06/30/2026 |
| 9 | GAMMA Investing LLC | 12,719 | 1,822 | 158,784 | 0.0059 | 0.0008 | 06/30/2026 |
| 10 | RhumbLine Advisers LP | 6,876 | 26 | 85,839.98 | 0.0001 | 0.0004 | 03/31/2026 |
| 11 | Capital International Ltd. | 6,844 | 0 | 85,440.5 | 0 | 0.0004 | 06/30/2026 |
| 12 | Aperio Group LLC | 4,728 | 0 | 59,024.35 | 0 | 0.0003 | 05/31/2026 |
| 13 | BTG Pactual Gestao E Consultoria De Investimentos Ltda. | 3,820 | 0 | 47,688.88 | 0.0011 | 0.0002 | 03/31/2026 |
| 14 | Horizon Kinetics Asset Management LLC | 3,214 | 0 | 40,123.58 | 0.0004 | 0.0002 | 03/31/2026 |
| 15 | ORG Partners LLC | 600 | 0 | 7,490.4 | 0.0012 | 0 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Resources Fund | 1,466,161 | 52,272 | 18,303,553.92 | 1.871 | 0.0921 | 05/31/2026 |
| 2 | American Funds New World Fund | 769,421 | 0 | 9,605,451.76 | 0.0114 | 0.0483 | 06/30/2026 |
| 3 | American Funds Developing World Growth & Income Fund | 91,421 | -56,632 | 1,141,299.76 | 0.0451 | 0.0057 | 06/30/2026 |
| 4 | ActivePassive International Equity ETF | 85,916 | 32,192 | 1,072,575.34 | 0.1 | 0.0054 | 06/30/2026 |
| 5 | Azvalor Managers, FI | 67,381 | 0 | 841,184.4 | 0.4502 | 0.0042 | 12/31/2025 |
| 6 | Chatrier Value Fund | 60,829 | 0 | 759,389.24 | 3.3014 | 0.0038 | 12/31/2025 |
| 7 | MontLake UCITS Plat. ICAV - Pers. American Extended Alpha | 41,617 | 0 | 519,546.63 | 0.4647 | 0.0026 | 12/31/2025 |
| 8 | American Funds Insurance Series - New World Fund | 41,308 | 0 | 515,689.07 | 0.0124 | 0.0026 | 06/30/2026 |
| 9 | MontLake UCITS Platform ICAV - Perspective Am. Abs. Alpha | 16,208 | 0 | 202,340.67 | 0.4426 | 0.001 | 12/31/2025 |
| 10 | National Security Emerging Markets Index ETF | 14,631 | 507 | 182,653.4 | 0.4513 | 0.0009 | 06/30/2026 |
| 11 | CIF - Capital Group New World Fund LUX | 6,844 | 0 | 85,440.5 | 0.0102 | 0.0004 | 06/30/2026 |
| 12 | Aquarius International Fund | 4,728 | 0 | 59,024.35 | 0.0071 | 0.0003 | 05/31/2026 |
| 13 | Gaf FIM Credito Privado Investimento No Exterior | 3,820 | 0 | 47,688.88 | 0.5224 | 0.0002 | 03/31/2026 |
| 14 | Kinetics Market Opportunities Portfolio | 2,455 | 0 | 30,648.22 | 0.0108 | 0.0002 | 03/31/2026 |
| 15 | Kinetics Global Portfolio | 736 | 0 | 9,188.22 | 0.0179 | 0 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,466,161 | 52,272 | 18,303,553.92 | 0.9124 | 0.0921 | 05/31/2026 |
| 2 | Causeway Capital Management LLC | 85,916 | 40,801 | 1,072,575.34 | 0.0021 | 0.0054 | 06/30/2026 |
| 3 | GAMMA Investing LLC | 14,631 | 2,957 | 158,784 | 0.0059 | 0.0008 | 06/30/2026 |
| 4 | Tuttle Capital Management LLC | 12,719 | 1,822 | 182,653.4 | 0.0349 | 0.0009 | 06/30/2026 |
| 5 | Thurston, Springer, Miller, Herd & Titak, Inc. | 161 | 161 | 2,009.92 | 0.0007 | 0 | 06/30/2026 |
| 6 | PNC Wealth Management LLC | 167 | 104 | 2,084.83 | 0 | 0 | 03/31/2026 |
| 7 | RhumbLine Advisers LP | 6,876 | 26 | 85,839.98 | 0.0001 | 0.0004 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Peregrine Investment Management, Inc. | 0 | -563,190 | 0 | 0 | 0 | |
| 2 | Capital Research & Management Co. (International Investors) | 91,421 | -56,632 | 1,141,299.76 | 0.0002 | 0.0057 | 06/30/2026 |
| 3 | Kohmann Bosshard Financial Services LLC | 0 | -613 | 0 | 0 | 0 | |
| 4 | American Century Investment Management, Inc. | 0 | -98 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.