| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 34,303,269 | -4,261,003 | 1,427,702,055.78 | 0.9952 | 3.8327 | 09/30/2025 |
| 2 | BlackRock Advisors (UK) Ltd. | 5,690,690 | 1,113,288 | 236,846,517.8 | 0.026 | 0.6358 | 09/30/2025 |
| 3 | Dimensional Fund Advisors LP | 5,187,613 | -62,760 | 215,908,453.06 | 0.0333 | 0.5796 | 09/30/2025 |
| 4 | Arrowstreet Capital LP | 5,011,733 | 2,008,092 | 208,588,327.46 | 0.123 | 0.56 | 09/30/2025 |
| 5 | DJE Kapital AG | 4,511,125 | 742,174 | 187,753,022.5 | 1.9835 | 0.504 | 09/30/2025 |
| 6 | Robeco Institutional Asset Management BV | 4,371,211 | 2,884,931 | 181,929,801.82 | 0.1642 | 0.4884 | 09/30/2025 |
| 7 | American Century Investment Management, Inc. | 4,136,901 | 982,055 | 172,177,819.62 | 0.0659 | 0.4622 | 09/30/2025 |
| 8 | Invesco Advisers, Inc. | 4,074,247 | 395,020 | 169,570,160.14 | 0.0716 | 0.4552 | 09/30/2025 |
| 9 | BlackRock Asset Management Canada Ltd. | 3,594,535 | -227,085 | 149,604,546.7 | 0.1333 | 0.4016 | 09/30/2025 |
| 10 | First Eagle Investment Management LLC | 3,586,921 | -2,561,581 | 149,287,652.02 | 0.1475 | 0.4008 | 09/30/2025 |
| 11 | DWS Investment GmbH | 3,485,615 | 3,452,493 | 145,071,296.3 | 0.0791 | 0.3894 | 09/30/2025 |
| 12 | Fidelity Management & Research Co. LLC | 3,116,482 | 3,024,149 | 129,707,980.84 | 0.0072 | 0.3482 | 09/30/2025 |
| 13 | Massachusetts Financial Services Co. | 2,990,147 | -1,415,986 | 124,449,918.14 | 0.0381 | 0.3341 | 09/30/2025 |
| 14 | Konwave AG | 2,988,000 | -33,000 | 124,360,560 | 3.9926 | 0.3338 | 08/29/2025 |
| 15 | RREEF America LLC | 2,739,372 | 404,156 | 114,012,662.64 | 0.5782 | 0.3061 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Gold Miners ETF | 27,283,077 | -2,621,616 | 1,135,521,664.74 | 4.7619 | 3.0483 | 11/28/2025 |
| 2 | Redwheel Emerging Markets Equity Fund Ltd. | 5,832,351 | 0 | 242,742,448.62 | 6.8657 | 0.6516 | 06/28/2024 |
| 3 | iShares V Plc - Gold Producers UCITS ETF | 5,086,265 | 535,326 | 211,690,349.3 | 5.1494 | 0.5683 | 11/28/2025 |
| 4 | VanEck UCITS ETFs Plc - Gold Miners UCITS ETF | 4,107,943 | 63,433 | 170,972,587.66 | 4.7591 | 0.459 | 10/31/2025 |
| 5 | Invesco Gold and Special Minerals Fund | 4,042,766 | 475,096 | 168,259,920.92 | 4.1392 | 0.4517 | 09/30/2025 |
| 6 | iShares S&P/TSX Global Gold Index ETF | 3,623,443 | -218,289 | 150,807,697.66 | 5.7053 | 0.4048 | 11/28/2025 |
| 7 | First Eagle Gold Fund | 3,435,881 | -2,491,448 | 143,001,367.22 | 3.0487 | 0.3839 | 07/31/2025 |
| 8 | Orbis SICAV - International Equity Fund | 3,077,727 | 0 | 128,094,997.74 | 3.7596 | 0.3439 | 12/31/2024 |
| 9 | Multipartner SICAV - KONWAVE Gold Equity Fund | 2,820,000 | 0 | 117,368,400 | 4.7025 | 0.3151 | 05/30/2025 |
| 10 | MFS Emerging Markets Equity Fund | 2,788,498 | -104,767 | 116,057,286.76 | 1.2285 | 0.3116 | 10/31/2025 |
| 11 | DFA Emerging Markets Core Equity 2 Portfolio | 2,558,539 | 0 | 106,486,393.18 | 0.3107 | 0.2859 | 09/30/2025 |
| 12 | Victory Precious Metals and Minerals Fund | 2,139,741 | 14,290 | 89,056,020.42 | 7.8877 | 0.2391 | 09/30/2025 |
| 13 | CPR Invest - Global Gold Mines | 2,137,894 | 0 | 88,979,148.28 | 5.9436 | 0.2389 | 01/31/2025 |
| 14 | American Century Global Gold Fund | 2,018,800 | 12,000 | 84,022,456 | 4.9954 | 0.2256 | 09/30/2025 |
| 15 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 1,879,200 | 1,879,200 | 78,212,304 | 0.2959 | 0.21 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | DWS Investment GmbH | 3,485,615 | 3,452,493 | 145,071,296.3 | 0.0791 | 0.3894 | 09/30/2025 |
| 2 | Fidelity Management & Research Co. LLC | 3,116,482 | 3,024,149 | 129,707,980.84 | 0.0072 | 0.3482 | 09/30/2025 |
| 3 | Robeco Institutional Asset Management BV | 4,371,211 | 2,884,931 | 181,929,801.82 | 0.1642 | 0.4884 | 09/30/2025 |
| 4 | FIAM LLC | 2,040,339 | 2,040,339 | 84,918,909.18 | 0.0437 | 0.228 | 09/30/2025 |
| 5 | Arrowstreet Capital LP | 5,011,733 | 2,008,092 | 208,588,327.46 | 0.123 | 0.56 | 09/30/2025 |
| 6 | Causeway Capital Management LLC | 1,543,015 | 1,543,015 | 64,220,284.3 | 0.1349 | 0.1724 | 09/30/2025 |
| 7 | Numeric Investors LLC | 2,212,589 | 1,384,878 | 92,087,954.18 | 0.2314 | 0.2472 | 09/30/2025 |
| 8 | BlackRock Advisors (UK) Ltd. | 5,690,690 | 1,113,288 | 236,846,517.8 | 0.026 | 0.6358 | 09/30/2025 |
| 9 | American Century Investment Management, Inc. | 4,136,901 | 982,055 | 172,177,819.62 | 0.0659 | 0.4622 | 09/30/2025 |
| 10 | DJE Kapital AG | 4,511,125 | 742,174 | 187,753,022.5 | 1.9835 | 0.504 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 34,303,269 | -4,261,003 | 1,427,702,055.78 | 0.9952 | 3.8327 | 09/30/2025 |
| 2 | RWC Asset Advisors (US) LLC | 1,489,734 | -3,568,568 | 62,002,729.08 | 1.0514 | 0.1664 | 09/30/2025 |
| 3 | First Eagle Investment Management LLC | 3,586,921 | -2,561,581 | 149,287,652.02 | 0.1475 | 0.4008 | 09/30/2025 |
| 4 | BlackRock Investment Management (UK) Ltd. | 435,315 | -1,827,981 | 18,117,810.3 | 0.0023 | 0.0486 | 09/30/2025 |
| 5 | Marshall Wace LLP | 0 | -1,603,439 | 0 | 0 | 0 | |
| 6 | Massachusetts Financial Services Co. | 2,990,147 | -1,415,986 | 124,449,918.14 | 0.0381 | 0.3341 | 09/30/2025 |
| 7 | BAMCO, Inc. | 370,774 | -1,122,794 | 15,431,613.88 | 0.038 | 0.0414 | 09/30/2025 |
| 8 | Goldman Sachs Asset Management LP | 1,992,174 | -1,115,156 | 82,914,281.88 | 0.0162 | 0.2226 | 09/30/2025 |
| 9 | Susquehanna Financial Group LLLP | 22,240 | -1,056,049 | 925,628.8 | 0.0014 | 0.0025 | 09/30/2025 |
| 10 | Rokos Capital Management LLP | 0 | -876,053 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.