| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 35,483,903 | 1,720,557 | 1,500,969,096.9 | 0.9979 | 3.9646 | 12/31/2025 |
| 2 | Robeco Institutional Asset Management BV | 6,085,653 | 2,776,684 | 257,423,121.9 | 0.2443 | 0.6799 | 12/31/2025 |
| 3 | BlackRock Advisors (UK) Ltd. | 5,283,845 | 265,432 | 223,506,643.5 | 0.0251 | 0.5904 | 12/31/2025 |
| 4 | Arrowstreet Capital LP | 5,011,733 | -537,487 | 211,996,305.9 | 0.1234 | 0.56 | 12/31/2025 |
| 5 | Dimensional Fund Advisors LP | 4,589,349 | -621,479 | 194,129,462.7 | 0.0289 | 0.5128 | 12/31/2025 |
| 6 | American Century Investment Management, Inc. | 4,538,613 | 1,211,528 | 191,983,329.9 | 0.0754 | 0.5071 | 12/31/2025 |
| 7 | Invesco Advisers, Inc. | 3,774,924 | -1,118,478 | 159,679,285.2 | 0.073 | 0.4218 | 12/31/2025 |
| 8 | Goldman Sachs Asset Management LP | 3,598,446 | 883,193 | 152,214,265.8 | 0.0313 | 0.4021 | 12/31/2025 |
| 9 | Numeric Investors LLC | 3,589,760 | 2,215,710 | 151,846,848 | 0.4003 | 0.4011 | 12/31/2025 |
| 10 | BlackRock Asset Management Canada Ltd. | 3,554,715 | 108,972 | 150,364,444.5 | 0.1387 | 0.3972 | 12/31/2025 |
| 11 | First Eagle Investment Management LLC | 3,538,081 | -44,154 | 149,660,826.3 | 0.1482 | 0.3953 | 12/31/2025 |
| 12 | DWS Investment GmbH | 3,499,044 | 3,464,075 | 148,009,561.2 | 0.0781 | 0.3909 | 12/31/2025 |
| 13 | DJE Kapital AG | 3,186,462 | -1,324,663 | 134,787,342.6 | 1.4689 | 0.356 | 12/31/2025 |
| 14 | Konwave AG | 3,100,000 | -68,000 | 131,130,000 | 3.6196 | 0.3464 | 11/28/2025 |
| 15 | BlackRock Investment Management (UK) Ltd. | 2,993,918 | 2,335,993 | 126,642,731.4 | 0.0163 | 0.3345 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 30,117,841 | 2,515,190 | 1,273,984,674.3 | 4.699 | 3.365 | 02/27/2026 |
| 2 | Redwheel Emerging Markets Equity Fund Ltd. | 5,832,351 | 0 | 246,708,447.3 | 6.8982 | 0.6516 | 06/28/2024 |
| 3 | iShares V Plc - Gold Producers UCITS ETF | 5,017,803 | -125,086 | 212,253,066.9 | 4.7263 | 0.5606 | 02/27/2026 |
| 4 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 4,222,698 | 1,110,118 | 178,620,125.4 | 4.6898 | 0.4718 | 02/27/2026 |
| 5 | Invesco Gold and Special Minerals Fund | 3,751,717 | -1,137,250 | 158,697,629.1 | 3.7124 | 0.4192 | 12/31/2025 |
| 6 | iShares S&P/TSX Global Gold Index ETF | 3,492,185 | -30,518 | 147,719,425.5 | 5.3284 | 0.3902 | 02/27/2026 |
| 7 | First Eagle Gold Fund | 3,435,881 | 0 | 145,337,766.3 | 2.6397 | 0.3839 | 01/31/2026 |
| 8 | DWS Top Dividende | 3,122,400 | 3,122,400 | 132,077,520 | 0.5383 | 0.3489 | 11/28/2025 |
| 9 | Multipartner SICAV - KONWAVE Gold Equity Fund | 2,970,000 | -30,000 | 125,631,000 | 5.296 | 0.3318 | 09/30/2025 |
| 10 | CPR Invest - Global Gold Mines | 2,500,000 | 0 | 105,750,000 | 4.8453 | 0.2793 | 07/31/2025 |
| 11 | Victory Precious Metals and Minerals Fund | 2,139,741 | 0 | 90,511,044.3 | 7.7428 | 0.2391 | 12/31/2025 |
| 12 | American Century Global Gold Fund | 2,018,800 | 121,000 | 85,395,240 | 4.8207 | 0.2256 | 12/31/2025 |
| 13 | MFS Emerging Markets Equity Fund | 1,982,499 | -894,088 | 83,859,707.7 | 0.8996 | 0.2215 | 02/28/2026 |
| 14 | DFA Emerging Markets Core Equity 2 Portfolio | 1,957,390 | -601,149 | 82,797,597 | 0.238 | 0.2187 | 12/31/2025 |
| 15 | BlackRock Global Funds - World Gold Fund | 1,891,663 | 1,251,685 | 80,017,344.9 | 0.6992 | 0.2114 | 02/28/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | DWS Investment GmbH | 3,499,044 | 3,464,075 | 148,009,561.2 | 0.0781 | 0.3909 | 12/31/2025 |
| 2 | Robeco Institutional Asset Management BV | 6,085,653 | 2,776,684 | 257,423,121.9 | 0.2443 | 0.6799 | 12/31/2025 |
| 3 | BlackRock Investment Management (UK) Ltd. | 2,993,918 | 2,335,993 | 126,642,731.4 | 0.0163 | 0.3345 | 12/31/2025 |
| 4 | Numeric Investors LLC | 3,589,760 | 2,215,710 | 151,846,848 | 0.4003 | 0.4011 | 12/31/2025 |
| 5 | Acadian Asset Management LLC | 2,123,425 | 2,123,425 | 89,820,877.5 | 0.1346 | 0.2372 | 12/31/2025 |
| 6 | Van Eck Associates Corp. | 35,483,903 | 1,720,557 | 1,500,969,096.9 | 0.9979 | 3.9646 | 12/31/2025 |
| 7 | AQR Capital Management LLC | 1,791,823 | 1,702,702 | 75,794,112.9 | 0.038 | 0.2002 | 12/31/2025 |
| 8 | Schroder Investment Management Ltd. | 1,664,275 | 1,664,275 | 70,398,832.5 | 0.0298 | 0.1859 | 12/31/2025 |
| 9 | American Century Investment Management, Inc. | 4,538,613 | 1,211,528 | 191,983,329.9 | 0.0754 | 0.5071 | 12/31/2025 |
| 10 | Goldman Sachs Asset Management LP | 3,598,446 | 883,193 | 152,214,265.8 | 0.0313 | 0.4021 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management North America, Inc. | 150,311 | -1,691,321 | 6,358,155.3 | 0.0407 | 0.0168 | 12/31/2025 |
| 2 | RWC Asset Advisors (US) LLC | 1,730,879 | -1,549,507 | 73,216,181.7 | 1.1785 | 0.1934 | 12/31/2025 |
| 3 | DJE Kapital AG | 3,186,462 | -1,324,663 | 134,787,342.6 | 1.4689 | 0.356 | 12/31/2025 |
| 4 | Susquehanna Financial Group LLLP | 6,945 | -1,238,058 | 293,773.5 | 0.0004 | 0.0008 | 12/31/2025 |
| 5 | National Bank Financial, Inc. | 296,488 | -1,162,926 | 12,541,442.4 | 0.018 | 0.0331 | 12/31/2025 |
| 6 | Renaissance Technologies LLC | 545,687 | -1,151,278 | 23,082,560.1 | 0.0372 | 0.061 | 12/31/2025 |
| 7 | Invesco Advisers, Inc. | 3,774,924 | -1,118,478 | 159,679,285.2 | 0.073 | 0.4218 | 12/31/2025 |
| 8 | Clark Capital Management Group, Inc. | 1,194,172 | -1,061,945 | 50,513,475.6 | 0.3275 | 0.1334 | 12/31/2025 |
| 9 | Jane Street Capital LLC | 0 | -859,743 | 0 | 0 | 0 | |
| 10 | Citadel Advisors LLC | 0 | -715,384 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.