Large Block Owners	104
Total Number of Shares Held	245.8M

% Change in Ownership	0%
% Shares Owned	51%

Monthly Rotation	Number of Shares	Value of Change (MM)	% of Shrs. Outstanding
Buyers 4/18/24	44,754,089	$91.28	49.7%
Sellers 4/18/24	83,600,774	$179.66	32.7%

Institutions:
95 Holders
$49,961,015 Value
51.3% Owned of O/S

Mutual Funds:
209 Holders
$340,198,128 Value
44.5% Owned of O/S

Other Major Holders:
9 Holders
$158,530,117 Value
15.0% Owned of O/S

48.7% 17.0% 0.6%

Concentration of Current % Held

Top 10 Institutions:

Top 20 Institutions:

Top 50 Institutions:

All:

Low
Avg. Turnover Rating

Name	Shares Held	Position Value	Percentage of Total Holdings since 4/18/24	% Owned of Shares Outstanding	Turnover Rating
BlackRock Investment Management (UK) Ltd.	50.1M	$91,508,359	+20%	13.5%	Low
Osisko Gold Royalties, Ltd.	50.0M	$142,502,566	+20%	13.5%	Low
T. Rowe Price Associates, Inc.	37.5M	$77,008,754	+15%	10.1%	Low
Van Eck Associates Corporation	18.7M	$48,210,933	+8%	5.0%	Low
Sprott Asset Management USA Inc.	16.4M	$33,028,251	+7%	4.4%	Low
Franklin Advisers, Inc.	10.6M	$21,428,539	+4%	2.9%	Low
Caisse de Depot et Placement du Quebec	10.3M	$26,713,439	+4%	2.8%	Low
BlackRock Institutional Trust Company, N.A.	4.0M	$8,264,296	+2%	1.1%	Low
Vizquerra-Benavides (Jose Alberto)	3.7M	$10,618,977	+2%	1.0%	Low
Gabelli Funds, LLC	3.3M	$6,583,783	+1%	0.9%	Low

Percentage of Outstanding Shares per Holdings Style (Top 10)

Specialty 9.9%

Index 7.6%

Sector Specific 6.9%

Core Growth 5.3%

Core Value 3.3%

GARP 0.8%

Aggres. Gr. 0.8%

Momentum 0.2%

Growth 0.1%

Deep Value 0.0%

Low
Avg. Turnover Rating

Name	Shares Held	Position Value	Percentage of Total Holdings since 4/18/24	% Owned of Shares Outstanding	Investment Style
BGF World Gold Fund	35.2M	$73,957,891	+14%	9.5%	Specialty
Sprott Gold Equity Fund	15.9M	$32,020,323	+6%	4.3%	Core Growth
VanEck Junior Gold Miners ETF	14.6M	$30,077,436	+6%	4.0%	Index
Caisse de depot et Placement du Quebec	10.3M	$26,713,439	+4%	2.8%	Core Value
Franklin Gold and Precious Metals Fund (US)	7.5M	$15,173,186	+3%	2.0%	Sector Specific
Van Eck International Investors Gold Fund	3.7M	$7,422,701	+1%	1.0%	Sector Specific
T. Rowe Price New Era Fund	3.1M	$6,298,958	+1%	0.8%	Sector Specific
Franklin Gold and Precious Metals Fund (Lux)	3.1M	$6,255,353	+1%	0.8%	Aggres. Gr.
iShares Gold Producers UCITS ETF	2.2M	$4,539,480	+1%	0.6%	Index
Invesco Gold & Special Minerals Fund	1.8M	$3,314,575	+1%	0.5%	Sector Specific