VANECK ETF TRUST

Ticker: GDX CUSIP: 92189F106 Class: GOLD MINERS ETF

INVESTMENT MANAGEMENT ASSOCIATES INC /ADV's Holding History (CIK: 0000052024)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 3,500 Value ($000) $300 Avg Close — Range —
Q3 2025
Shares 3,500 Value ($000) $267 Avg Close — Range —