VANECK ETF TRUST

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

Welch Group, LLC's Holding History (CIK: 0001443095)

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

Q4 2025
Shares 3,302 Value ($000) $283 Avg Close — Range —
Q3 2025
Shares 3,831 Value ($000) $293 Avg Close — Range —
Q2 2025
Shares 4,159 Value ($000) $217 Avg Close — Range —