VANECK ETF TRUST

Ticker: MOAT CUSIP: 92189F643 Class: Exchange Traded Fund

True North Advisors, LLC's Holding History (CIK: 0001634556)

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

Q4 2025
Shares 3,777 Value ($000) $391 Avg Close — Range —
Q2 2025
Shares 2,994 Value ($000) $281 Avg Close — Range —
Q1 2025
Shares 2,994 Value ($000) $263 Avg Close — Range —