VANECK ETF TRUST

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

Apella Capital, LLC's Holding History (CIK: 0001801507)

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

Q4 2025

Shares 4,922 Value ($000) $422 Avg Close — Range —

Q3 2025

Shares 6,413 Value ($000) $541 Avg Close — Range —

Q2 2025

Shares 6,648 Value ($000) $353 Avg Close — Range —

Q1 2025

Shares 6,413 Value ($000) $289 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,922	$422	—	—
Q3 2025	6,413	$541	—	—
Q2 2025	6,648	$353	—	—
Q1 2025	6,413	$289	—	—