| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 17,869,017 | -1,912,839 | 674,555,391.75 | 0.3352 | 7.0429 | 12/31/2025 |
| 2 | Westwood Global Investments LLC | 11,273,613 | -505,665 | 425,578,890.75 | 11.5999 | 4.4434 | 12/31/2025 |
| 3 | FIL Investments International | 9,800,409 | 723,663 | 369,965,439.75 | 0.2351 | 3.8628 | 12/31/2025 |
| 4 | Global X Management Co. LLC | 7,983,429 | 786,453 | 301,374,444.75 | 0.2964 | 3.1466 | 12/31/2025 |
| 5 | BlackRock Fund Advisors | 5,865,973 | -1,220,913 | 221,440,480.75 | 0.0043 | 2.312 | 12/31/2025 |
| 6 | Robeco Institutional Asset Management BV | 4,364,301 | 4,009,029 | 164,752,362.75 | 0.1284 | 1.7202 | 03/31/2026 |
| 7 | Tidal Investments LLC | 3,745,823 | 587,482 | 141,404,818.25 | 0.477 | 1.4764 | 12/31/2025 |
| 8 | FIL Investment Advisors (UK) Ltd. | 3,673,500 | 361,780 | 138,674,625 | 0.5164 | 1.4479 | 12/31/2025 |
| 9 | SSgA Funds Management, Inc. | 3,586,205 | 44,033 | 135,379,238.75 | 0.004 | 1.4135 | 12/31/2025 |
| 10 | Nomura Investment Management Business Trust | 3,035,673 | -706,100 | 114,596,655.75 | 0.1388 | 1.1965 | 12/31/2025 |
| 11 | Acadian Asset Management LLC | 2,211,649 | 828,302 | 83,489,749.75 | 0.1073 | 0.8717 | 12/31/2025 |
| 12 | American Century Investment Management, Inc. | 2,055,056 | 317,072 | 77,578,364 | 0.0265 | 0.81 | 12/31/2025 |
| 13 | BlackRock Advisors (UK) Ltd. | 1,861,136 | -1,396,922 | 70,257,884 | 0.0068 | 0.7336 | 12/31/2025 |
| 14 | Arrowstreet Capital LP | 1,742,829 | 1,236,480 | 65,791,794.75 | 0.0329 | 0.6869 | 12/31/2025 |
| 15 | Artisan Partners LP | 1,511,011 | 268,166 | 57,040,665.25 | 0.0429 | 0.5956 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 7,964,441 | -2,313,749 | 300,657,647.75 | 1.0034 | 3.1391 | 04/30/2026 |
| 2 | Global X Silver Miners ETF | 6,361,865 | 214,725 | 240,160,403.75 | 3.9831 | 2.5075 | 04/30/2026 |
| 3 | VanEck Junior Gold Miners ETF | 4,489,978 | -887,714 | 169,496,669.5 | 1.7619 | 1.7697 | 04/30/2026 |
| 4 | Amplify Junior Silver Miners ETF | 4,224,789 | 1,079,849 | 159,485,784.75 | 3.5837 | 1.6652 | 04/30/2026 |
| 5 | Strategic Advisers Fidelity Emerging Markets Fund | 2,575,915 | -466,371 | 97,240,791.25 | 0.2487 | 1.0153 | 03/31/2026 |
| 6 | Fidelity Funds SICAV - Emerging Markets Fund | 2,503,762 | -572,237 | 94,517,015.5 | 2.3515 | 0.9868 | 03/31/2026 |
| 7 | iShares Core MSCI Emerging Markets ETF | 1,851,169 | 220,782 | 69,881,629.75 | 0.0437 | 0.7296 | 04/30/2026 |
| 8 | Global X Silver Miners UCITS ETF | 1,673,513 | 279,472 | 63,175,115.75 | 3.7887 | 0.6596 | 04/30/2026 |
| 9 | Fidelity Institutional Funds - Emerging Markets Fund | 1,475,603 | 595,697 | 55,704,013.25 | 3.1367 | 0.5816 | 12/31/2025 |
| 10 | Avantis Emerging Markets Equity ETF | 1,184,859 | 329,588 | 44,728,427.25 | 0.1798 | 0.467 | 04/30/2026 |
| 11 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 1,076,973 | -435,529 | 40,655,730.75 | 1.0036 | 0.4245 | 04/30/2026 |
| 12 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 1,015,098 | 1,015,098 | 38,319,949.5 | 0.7573 | 0.4001 | 03/31/2026 |
| 13 | NBI Diversified Emerging Markets Equity Fund | 782,971 | 101,507 | 29,557,155.25 | 0.9885 | 0.3086 | 12/31/2025 |
| 14 | iShares MSCI Peru & Global Exposure ETF | 670,841 | 155,066 | 25,324,247.75 | 4.8304 | 0.2644 | 04/30/2026 |
| 15 | State Street SPDR Portfolio Emerging Markets ETF | 666,550 | 66,090 | 25,162,262.5 | 0.1396 | 0.2627 | 04/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Robeco Institutional Asset Management BV | 4,364,301 | 4,009,029 | 164,752,362.75 | 0.1284 | 1.7202 | 03/31/2026 |
| 2 | Jennison Associates LLC | 1,267,998 | 1,267,998 | 47,866,924.5 | 0.0264 | 0.4998 | 03/31/2026 |
| 3 | Arrowstreet Capital LP | 1,742,829 | 1,236,480 | 65,791,794.75 | 0.0329 | 0.6869 | 12/31/2025 |
| 4 | PFA Pension, Forsikringsaktieselskab (Investment Management) | 1,099,590 | 1,099,590 | 41,509,522.5 | 0.1096 | 0.4334 | 03/31/2026 |
| 5 | Storebrand Asset Management AS | 905,354 | 905,354 | 34,177,113.5 | 0.0454 | 0.3568 | 03/31/2026 |
| 6 | Millennium Management LLC | 980,530 | 853,670 | 37,015,007.5 | 0.0251 | 0.3865 | 12/31/2025 |
| 7 | Acadian Asset Management LLC | 2,211,649 | 828,302 | 83,489,749.75 | 0.1073 | 0.8717 | 12/31/2025 |
| 8 | Global X Management Co. LLC | 7,983,429 | 786,453 | 301,374,444.75 | 0.2964 | 3.1466 | 12/31/2025 |
| 9 | FIL Investments International | 9,800,409 | 723,663 | 369,965,439.75 | 0.2351 | 3.8628 | 12/31/2025 |
| 10 | Citadel Securities LLC | 684,368 | 684,368 | 25,834,892 | 0.0482 | 0.2697 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Bank of Nova Scotia (Private Banking) | 1,377,311 | -4,098,849 | 51,993,490.25 | 0.069 | 0.5429 | 12/31/2025 |
| 2 | Van Eck Associates Corp. | 17,869,017 | -1,912,839 | 674,555,391.75 | 0.3352 | 7.0429 | 12/31/2025 |
| 3 | BlackRock Advisors (UK) Ltd. | 1,861,136 | -1,396,922 | 70,257,884 | 0.0068 | 0.7336 | 12/31/2025 |
| 4 | BlackRock Fund Advisors | 5,865,973 | -1,220,913 | 221,440,480.75 | 0.0043 | 2.312 | 12/31/2025 |
| 5 | Sprott Asset Management USA, Inc. | 267,468 | -786,671 | 10,096,917 | 0.2163 | 0.1054 | 03/31/2026 |
| 6 | JPMorgan Securities LLC (Investment Management) | 1,307,386 | -764,997 | 49,353,821.5 | 0.0308 | 0.5153 | 12/31/2025 |
| 7 | Nomura Investment Management Business Trust | 3,035,673 | -706,100 | 114,596,655.75 | 0.1388 | 1.1965 | 12/31/2025 |
| 8 | BlackRock Asset Management Canada Ltd. | 321,551 | -686,174 | 12,138,550.25 | 0.0099 | 0.1267 | 12/31/2025 |
| 9 | Westwood Global Investments LLC | 11,273,613 | -505,665 | 425,578,890.75 | 11.5999 | 4.4434 | 12/31/2025 |
| 10 | Candriam Belgium SA | 224,000 | -500,000 | 8,456,000 | 0.0204 | 0.0883 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.