| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,394,145 | -12,834,601 | 731,408,462.25 | 0.51 | 6.0292 | 09/30/2025 |
| 2 | Lingotto Investment Management LLP | 11,334,733 | -9,818,481 | 215,926,663.65 | 3.1083 | 1.78 | 09/30/2025 |
| 3 | Dimensional Fund Advisors LP | 6,226,948 | -473,685 | 118,623,359.4 | 0.0183 | 0.9779 | 09/30/2025 |
| 4 | Acadian Asset Management LLC | 5,951,426 | 3,490,574 | 113,374,665.3 | 0.17 | 0.9346 | 09/30/2025 |
| 5 | AQR Capital Management LLC | 5,871,169 | 4,846,580 | 111,845,769.45 | 0.0638 | 0.922 | 09/30/2025 |
| 6 | Goldman Sachs Asset Management LP | 4,536,527 | 147,083 | 86,420,839.35 | 0.0169 | 0.7124 | 09/30/2025 |
| 7 | Invesco Advisers, Inc. | 4,066,370 | 4,059,609 | 77,464,348.5 | 0.0328 | 0.6386 | 09/30/2025 |
| 8 | American Century Investment Management, Inc. | 3,737,892 | -67,384 | 71,206,842.6 | 0.0273 | 0.587 | 09/30/2025 |
| 9 | BlackRock Advisors (UK) Ltd. | 3,468,205 | 620,080 | 66,069,305.25 | 0.0073 | 0.5446 | 09/30/2025 |
| 10 | Millennium Management LLC | 2,745,171 | 1,719,510 | 52,295,507.55 | 0.0409 | 0.4311 | 09/30/2025 |
| 11 | Goldman Sachs & Co. LLC (Private Banking) | 2,508,439 | 1,326,509 | 47,785,762.95 | 0.0207 | 0.3939 | 09/30/2025 |
| 12 | Lazard Asset Management LLC | 2,310,677 | 198,515 | 44,018,396.85 | 0.0345 | 0.3629 | 09/30/2025 |
| 13 | Arrowstreet Capital LP | 2,306,431 | 2,306,431 | 43,937,510.55 | 0.026 | 0.3622 | 09/30/2025 |
| 14 | BlackRock Asset Management Canada Ltd. | 2,192,421 | -184,682 | 41,765,620.05 | 0.0373 | 0.3443 | 09/30/2025 |
| 15 | Konwave AG | 2,035,000 | 0 | 38,766,750 | 1.2414 | 0.3196 | 05/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 22,822,271 | 1,071,544 | 434,764,262.55 | 1.8243 | 3.5839 | 11/28/2025 |
| 2 | VanEck Junior Gold Miners ETF | 11,936,410 | -9,953,568 | 227,388,610.5 | 2.5296 | 1.8744 | 11/28/2025 |
| 3 | Invesco Gold and Special Minerals Fund | 4,065,195 | 4,065,195 | 77,441,964.75 | 1.9094 | 0.6384 | 09/30/2025 |
| 4 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 3,436,291 | 495,033 | 65,461,343.55 | 1.8232 | 0.5396 | 10/31/2025 |
| 5 | DFA Emerging Markets Core Equity 2 Portfolio | 3,420,798 | 0 | 65,166,201.9 | 0.1904 | 0.5372 | 09/30/2025 |
| 6 | iShares V Plc - Gold Producers UCITS ETF | 3,103,587 | 270,445 | 59,123,332.35 | 1.4436 | 0.4874 | 11/28/2025 |
| 7 | iShares S&P/TSX Global Gold Index ETF | 2,210,049 | -179,562 | 42,101,433.45 | 1.6061 | 0.3471 | 11/28/2025 |
| 8 | Multipartner SICAV - KONWAVE Gold Equity Fund | 1,980,000 | 0 | 37,719,000 | 1.5083 | 0.3109 | 05/30/2025 |
| 9 | American Century Global Gold Fund | 1,938,600 | -475,300 | 36,930,330 | 2.1985 | 0.3044 | 09/30/2025 |
| 10 | Avantis Emerging Markets Equity ETF | 1,830,736 | 463,311 | 34,875,520.8 | 0.2298 | 0.2875 | 11/28/2025 |
| 11 | VanEck UCITS ETFs Plc - Junior Gold Miners UCITS ETF | 1,635,738 | -1,107,358 | 31,160,808.9 | 2.5443 | 0.2569 | 10/31/2025 |
| 12 | Goldman Sachs Emerging Markets Equity Insights Fund | 1,449,848 | 438,009 | 27,619,604.4 | 1.0472 | 0.2277 | 07/31/2025 |
| 13 | Sprott Gold Miners ETF | 1,375,356 | 1,271,630 | 26,200,531.8 | 4.1536 | 0.216 | 10/31/2025 |
| 14 | GS Funds - Emerging Markets CORE Equity Portfolio | 1,339,084 | -687,107 | 25,509,550.2 | 0.6825 | 0.2103 | 09/30/2025 |
| 15 | DFA Emerging Markets Small Cap Portfolio | 1,030,991 | -177,703 | 19,640,378.55 | 0.49 | 0.1619 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AQR Capital Management LLC | 5,871,169 | 4,846,580 | 111,845,769.45 | 0.0638 | 0.922 | 09/30/2025 |
| 2 | Invesco Advisers, Inc. | 4,066,370 | 4,059,609 | 77,464,348.5 | 0.0328 | 0.6386 | 09/30/2025 |
| 3 | Acadian Asset Management LLC | 5,951,426 | 3,490,574 | 113,374,665.3 | 0.17 | 0.9346 | 09/30/2025 |
| 4 | Arrowstreet Capital LP | 2,306,431 | 2,306,431 | 43,937,510.55 | 0.026 | 0.3622 | 09/30/2025 |
| 5 | Millennium Management LLC | 2,745,171 | 1,719,510 | 52,295,507.55 | 0.0409 | 0.4311 | 09/30/2025 |
| 6 | Numeric Investors LLC | 1,723,808 | 1,619,423 | 32,838,542.4 | 0.0827 | 0.2707 | 09/30/2025 |
| 7 | JPMorgan Securities LLC (Investment Management) | 1,348,438 | 1,348,437 | 25,687,743.9 | 0.0124 | 0.2118 | 09/30/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 2,508,439 | 1,326,509 | 47,785,762.95 | 0.0207 | 0.3939 | 09/30/2025 |
| 9 | ALPS Advisors, Inc. | 1,405,825 | 1,304,187 | 26,780,966.25 | 0.1317 | 0.2208 | 09/30/2025 |
| 10 | Qube Research & Technologies Ltd. | 1,515,205 | 1,254,290 | 28,864,655.25 | 0.0407 | 0.2379 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 38,394,145 | -12,834,601 | 731,408,462.25 | 0.51 | 6.0292 | 09/30/2025 |
| 2 | Lingotto Investment Management LLP | 11,334,733 | -9,818,481 | 215,926,663.65 | 3.1083 | 1.78 | 09/30/2025 |
| 3 | JPMorgan Asset Management (UK) Ltd. | 0 | -1,236,768 | 0 | 0 | 0 | |
| 4 | Connor, Clark & Lunn Investment Management Ltd. | 449,609 | -1,156,875 | 8,565,051.45 | 0.0236 | 0.0706 | 09/30/2025 |
| 5 | Wellington Management Co. LLP | 194,519 | -1,012,928 | 3,705,586.95 | 0.0006 | 0.0305 | 09/30/2025 |
| 6 | UBS Securities LLC | 538,282 | -969,885 | 10,254,272.1 | 0.0042 | 0.0845 | 09/30/2025 |
| 7 | Cubist Systematic Strategies LLC | 0 | -950,136 | 0 | 0 | 0 | |
| 8 | Renaissance Technologies LLC | 134,320 | -933,800 | 2,558,796 | 0.0034 | 0.0211 | 09/30/2025 |
| 9 | Bridgewater Associates LP | 59,082 | -833,221 | 1,125,512.1 | 0.0043 | 0.0093 | 09/30/2025 |
| 10 | Mackenzie Financial Corp. | 1,087,404 | -753,585 | 20,715,046.2 | 0.0187 | 0.1708 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.