| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Associates LLC | 1,466,161 | 52,272 | 21,290,123.88 | 0.8254 | 0.0921 | 05/31/2026 |
| 2 | Capital Research & Management Co. (World Investors) | 810,729 | 0 | 11,772,595.81 | 0.001 | 0.0509 | 06/30/2026 |
| 3 | Causeway Capital Management LLC | 96,186 | 42,462 | 1,396,716.91 | 0.0027 | 0.006 | 07/31/2026 |
| 4 | Capital Research & Management Co. (International Investors) | 91,421 | -56,632 | 1,327,524.34 | 0.0002 | 0.0057 | 06/30/2026 |
| 5 | AzValor Asset Management SGIIC SA | 74,896 | 7,515 | 1,087,564.82 | 0.028 | 0.0047 | 06/30/2026 |
| 6 | INFIBA Vermogensverwaltungs AG (Liechtenstein) | 60,829 | 0 | 883,297.91 | 1.3849 | 0.0038 | 12/31/2025 |
| 7 | Perspective Invest LLP | 57,825 | 0 | 839,676.82 | 0.5207 | 0.0036 | 12/31/2025 |
| 8 | Tuttle Capital Management LLC | 14,631 | 507 | 212,456.75 | 0.0388 | 0.0009 | 07/31/2026 |
| 9 | GAMMA Investing LLC | 12,719 | 1,822 | 184,692.6 | 0.0067 | 0.0008 | 06/30/2026 |
| 10 | DWS Investment Management Americas, Inc. | 10,400 | 10,400 | 151,018.4 | 0.0005 | 0.0007 | 06/30/2026 |
| 11 | RhumbLine Advisers LP | 8,514 | 1,664 | 123,631.79 | 0.0001 | 0.0005 | 06/30/2026 |
| 12 | Capital International Ltd. | 6,844 | 0 | 99,381.72 | 0 | 0.0004 | 06/30/2026 |
| 13 | Aperio Group LLC | 4,728 | 0 | 68,655.29 | 0 | 0.0003 | 05/31/2026 |
| 14 | BTG Pactual Gestao E Consultoria De Investimentos Ltda. | 3,820 | 0 | 55,470.22 | 0.0013 | 0.0002 | 04/30/2026 |
| 15 | Horizon Kinetics Asset Management LLC | 3,214 | 0 | 46,670.49 | 0.0005 | 0.0002 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goehring & Rozencwajg Resources Fund | 1,466,161 | 52,272 | 21,290,123.88 | 1.879 | 0.0921 | 05/31/2026 |
| 2 | American Funds New World Fund | 769,421 | 0 | 11,172,762.34 | 0.013 | 0.0483 | 06/30/2026 |
| 3 | ActivePassive International Equity ETF | 96,186 | 42,462 | 1,396,716.91 | 0.1211 | 0.006 | 07/31/2026 |
| 4 | American Funds Developing World Growth & Income Fund | 91,421 | -56,632 | 1,327,524.34 | 0.0514 | 0.0057 | 06/30/2026 |
| 5 | Azvalor Managers, FI | 74,896 | 7,515 | 1,087,564.82 | 0.4397 | 0.0047 | 06/30/2026 |
| 6 | Chatrier Value Fund | 60,829 | 0 | 883,297.91 | 3.7077 | 0.0038 | 12/31/2025 |
| 7 | MontLake UCITS Plat. ICAV - Pers. American Extended Alpha | 41,617 | 0 | 604,320.46 | 0.5162 | 0.0026 | 12/31/2025 |
| 8 | American Funds Insurance Series - New World Fund | 41,308 | 0 | 599,833.47 | 0.014 | 0.0026 | 06/30/2026 |
| 9 | MontLake UCITS Platform ICAV - Perspective Am. Abs. Alpha | 16,208 | 0 | 235,356.37 | 0.4898 | 0.001 | 12/31/2025 |
| 10 | National Security Emerging Markets Index ETF | 14,631 | 507 | 212,456.75 | 0.5109 | 0.0009 | 07/31/2026 |
| 11 | DWS Global Income Builder Fund | 8,800 | 8,800 | 127,784.8 | 0.0403 | 0.0006 | 06/30/2026 |
| 12 | CIF - Capital Group New World Fund LUX | 6,844 | 0 | 99,381.72 | 0.0115 | 0.0004 | 06/30/2026 |
| 13 | Aquarius International Fund | 4,728 | 0 | 68,655.29 | 0.0081 | 0.0003 | 05/31/2026 |
| 14 | Gaf FIM Credito Privado Investimento No Exterior | 3,820 | 0 | 55,470.22 | 0.5622 | 0.0002 | 04/30/2026 |
| 15 | Kinetics Market Opportunities Portfolio | 2,455 | 0 | 35,649.06 | 0.0126 | 0.0002 | 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 | 21,290,123.88 | 0.8254 | 0.0921 | 05/31/2026 |
| 2 | Causeway Capital Management LLC | 96,186 | 42,462 | 1,396,716.91 | 0.0027 | 0.006 | 07/31/2026 |
| 3 | DWS Investment Management Americas, Inc. | 10,400 | 10,400 | 151,018.4 | 0.0005 | 0.0007 | 06/30/2026 |
| 4 | AzValor Asset Management SGIIC SA | 74,896 | 7,515 | 1,087,564.82 | 0.028 | 0.0047 | 06/30/2026 |
| 5 | GAMMA Investing LLC | 12,719 | 1,822 | 184,692.6 | 0.0067 | 0.0008 | 06/30/2026 |
| 6 | RhumbLine Advisers LP | 8,514 | 1,664 | 123,631.79 | 0.0001 | 0.0005 | 06/30/2026 |
| 7 | Tuttle Capital Management LLC | 14,631 | 507 | 212,456.75 | 0.0388 | 0.0009 | 07/31/2026 |
| 8 | Thurston, Springer, Miller, Herd & Titak, Inc. | 161 | 161 | 2,337.88 | 0.0008 | 0 | 06/30/2026 |
| 9 | PNC Wealth Management LLC | 178 | 115 | 2,584.74 | 0 | 0 | 06/30/2026 |
| 10 | Compass Financial Management LLC | 53 | 53 | 769.61 | 0.0001 | 0 | 06/30/2026 |
| # | 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 | 1,327,524.34 | 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.