| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,460,787 | 0 | 22,226,750.68 | 1.2569 | 0.1615 | 11/30/2025 |
| 2 | Franklin Advisers, Inc. | 864,100 | -60,000 | 13,147,799.96 | 0.0058 | 0.0955 | 02/28/2026 |
| 3 | Newton Investment Management North America LLC | 647,125 | -646,848 | 9,846,395.15 | 0.0191 | 0.0716 | 02/27/2026 |
| 4 | US Global Investors, Inc. (Asset Management) | 308,840 | 0 | 4,699,185.9 | 0.3301 | 0.0341 | 12/31/2025 |
| 5 | Konwave AG | 250,000 | 0 | 3,803,900 | 0.0882 | 0.0276 | 12/31/2025 |
| 6 | CoreCommodity Management LLC | 106,532 | -54,427 | 1,620,948.3 | 0.0968 | 0.0118 | 02/28/2026 |
| 7 | AzValor Asset Management SGIIC SA | 69,910 | -7,654 | 1,063,722.6 | 0.0301 | 0.0077 | 12/31/2025 |
| 8 | Sarmaya Partners LLC | 58,793 | 50,747 | 894,570.77 | 1.9585 | 0.0065 | 03/31/2026 |
| 9 | Ampega Investment GmbH | 50,100 | -700 | 762,301.56 | 0.0151 | 0.0055 | 02/27/2026 |
| 10 | Causeway Capital Management LLC | 47,935 | 20,471 | 729,359.79 | 0.0015 | 0.0053 | 03/31/2026 |
| 11 | DWS Investment GmbH | 47,251 | -4,249 | 718,952.32 | 0.0004 | 0.0052 | 02/27/2026 |
| 12 | Nykredit Bank A/S (Investment Management) | 43,150 | 0 | 656,553.14 | 0.0026 | 0.0048 | 12/31/2024 |
| 13 | Mack + Weise Vermogensverwaltung GmbH | 22,000 | 0 | 334,743.2 | 0.064 | 0.0024 | 12/30/2024 |
| 14 | Yousif Capital Management LLC | 15,645 | 0 | 238,048.06 | 0.0026 | 0.0017 | 12/31/2025 |
| 15 | GAMMA Investing LLC | 15,501 | 1,738 | 235,857.02 | 0.0105 | 0.0017 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Resources Fund | 1,460,787 | 0 | 22,226,750.68 | 2.478 | 0.1615 | 11/30/2025 |
| 2 | Franklin Gold & Precious Metals Fund | 864,100 | -60,000 | 13,147,799.96 | 0.3559 | 0.0955 | 02/28/2026 |
| 3 | BNY Mellon Natural Resources Fund | 494,869 | -502,736 | 7,529,728.76 | 0.6192 | 0.0547 | 02/27/2026 |
| 4 | US Global Investors - Gold & Precious Metals Fund | 300,000 | 0 | 4,564,680 | 1.4937 | 0.0332 | 12/31/2025 |
| 5 | Multipartner SICAV - Konwave Transition Metals Fund | 250,000 | 0 | 3,803,900 | 0.7263 | 0.0276 | 12/31/2025 |
| 6 | NYLI VP Natural Resources Portfolio | 152,256 | -144,112 | 2,316,666.39 | 0.6186 | 0.0168 | 01/31/2026 |
| 7 | Principal Funds, Inc. - Diversified Real Asset Fund | 106,532 | -54,427 | 1,620,948.3 | 0.062 | 0.0118 | 02/28/2026 |
| 8 | Azvalor Managers, FI | 69,910 | -7,654 | 1,063,722.6 | 0.5467 | 0.0077 | 12/31/2025 |
| 9 | Sarmaya Thematic ETF | 58,793 | 50,747 | 894,570.77 | 1.9098 | 0.0065 | 03/31/2026 |
| 10 | S&H Rohstoff-Aktien Global | 50,100 | -700 | 762,301.56 | 2.9271 | 0.0055 | 02/27/2026 |
| 11 | ActivePassive International Equity ETF | 47,935 | 20,471 | 729,359.79 | 0.0731 | 0.0053 | 03/31/2026 |
| 12 | DWS ESG Multi Asset Dynamic | 47,251 | -4,249 | 718,952.32 | 0.3244 | 0.0052 | 02/27/2026 |
| 13 | Nykredit Invest - Engros Globale Aktier Basis ESG | 43,150 | 0 | 656,553.14 | 0.0383 | 0.0048 | 12/31/2024 |
| 14 | M&W Invest: M&W Capital | 22,000 | 0 | 334,743.2 | 0.8057 | 0.0024 | 12/30/2024 |
| 15 | SP Funds S&P World (ex-US) ETF | 15,355 | 5,893 | 233,635.54 | 0.169 | 0.0017 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Sarmaya Partners LLC | 58,793 | 50,747 | 894,570.77 | 1.9585 | 0.0065 | 03/31/2026 |
| 2 | Causeway Capital Management LLC | 47,935 | 20,471 | 729,359.79 | 0.0015 | 0.0053 | 03/31/2026 |
| 3 | Tuttle Capital Management LLC | 10,929 | 7,439 | 166,291.29 | 0.0284 | 0.0012 | 03/31/2026 |
| 4 | ShariaPortfolio, Inc. | 15,355 | 5,893 | 233,635.54 | 0.0736 | 0.0017 | 03/31/2026 |
| 5 | GAMMA Investing LLC | 15,501 | 1,738 | 235,857.02 | 0.0105 | 0.0017 | 03/31/2026 |
| 6 | Strategic Investment Solutions, Inc. (Illinois) | 350 | 350 | 5,325.46 | 0.0013 | 0 | 12/31/2025 |
| 7 | ORG Partners LLC | 142 | 15 | 2,160.62 | 0.0004 | 0 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Newton Investment Management North America LLC | 647,125 | -646,848 | 9,846,395.15 | 0.0191 | 0.0716 | 02/27/2026 |
| 2 | Franklin Advisers, Inc. | 864,100 | -60,000 | 13,147,799.96 | 0.0058 | 0.0955 | 02/28/2026 |
| 3 | CoreCommodity Management LLC | 106,532 | -54,427 | 1,620,948.3 | 0.0968 | 0.0118 | 02/28/2026 |
| 4 | DJE Kapital AG | 0 | -33,141 | 0 | 0 | 0 | |
| 5 | European Capital Partners (Luxembourg) SA | 0 | -30,000 | 0 | 0 | 0 | |
| 6 | AzValor Asset Management SGIIC SA | 69,910 | -7,654 | 1,063,722.6 | 0.0301 | 0.0077 | 12/31/2025 |
| 7 | MBH Investment Fund Management Private Ltd. Co. | 5,550 | -6,751 | 84,446.58 | 0.0354 | 0.0006 | 12/31/2024 |
| 8 | DWS Investment GmbH | 47,251 | -4,249 | 718,952.32 | 0.0004 | 0.0052 | 02/27/2026 |
| 9 | Gesiuris Asset Management SGIIC SA | 0 | -4,017 | 0 | 0 | 0 | |
| 10 | Ampega Investment GmbH | 50,100 | -700 | 762,301.56 | 0.0151 | 0.0055 | 02/27/2026 |
Data provided by FactSet Research Systems Inc.