# EDGAR Filing Document

**Accession Number:** 0001426859
**File Stem:** 0001426859-25-000009
**Filing Date:** 2025-8
**Character Count:** 39795
**Document Hash:** 53b5fe66b55700c5b69fd38ee5468cf6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001426859-25-000009.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001426859-25-000009

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ruffer LLP
- **CENTRAL INDEX KEY:** 0001426859

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12772
- **FILM NUMBER:** 251260963

**BUSINESS ADDRESS:**
- **STREET 1:** 80 VICTORIA STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1E 5JL
- **BUSINESS PHONE:** 00442078240520

**MAIL ADDRESS:**
- **STREET 1:** 80 VICTORIA STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW1E 5JL

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001426859

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Ruffer LLP

**Address:** 80 VICTORIA STREET, LONDON, X0 SW1E 5JL

**Telephone number:** 00442078240520

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-12772

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                               | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                     | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Jazz Pharmaceuticals plc                     | G50871105 | 07/25/2024     | To approve, on a non-binding advisory basis, the compensation of Jazz Pharmaceuticals plc's named executive officers, as disclosed in the proxy statement.                                                                           | SECTION 14A SAY-ON-PAY VOTES |   3731           |                0 | FOR         | 3731.000000                              | FOR                         |  |
| Jazz Pharmaceuticals plc                     | G50871105 | 07/25/2024     | To indicate, on a non-binding advisory basis, the preferred frequency of the advisory vote on the compensation of Jazz Pharmaceuticals plc's named executive officers.                                                               | SECTION 14A SAY-ON-PAY VOTES |   3731           |                0 | ONE YEAR    | 3731.000000                              | FOR                         |  |
| Coty Inc.                                    | 222070203 | 11/07/2024     | Approval, on an advisory (non-binding) basis, of the compensation of Coty Inc.'s named executive officers, as disclosed in the proxy statement                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      3.25311e+06 |             4300 | FOR         | 3253110.000000                           | FOR                         |  |
| Microsoft Corporation                        | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |     85           |                0 | FOR         | 85.000000                                | FOR                         |  |
| Energizer Holdings, Inc.                     | 29272W109 | 01/24/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Atkore Inc.                                  | 047649108 | 01/30/2025     | The non-binding advisory vote approving executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  42857           |             1551 | FOR         | 42857.000000                             | FOR                         |  |
| Deere  Company                               | 244199105 | 02/26/2025     | Advisory vote to approve executive compensation ("say-on-pay")                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 162381           |                0 | FOR         | 162381.000000                            | FOR                         |  |
| Maximus, Inc.                                | 577933104 | 03/11/2025     | Advisory vote to approve the compensation of the named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  55216           |                0 | FOR         | 55216.000000                             | FOR                         |  |
| Toll Brothers, Inc.                          | 889478103 | 03/11/2025     | The approval, in an advisory and non-binding votes of the compensation of the Company's named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  25909           |                0 | FOR         | 25909.000000                             | FOR                         |  |
| The Interpublic Group of Companies, Inc.     | 460690100 | 03/18/2025     | IPG Compensation Proposal. Proposal to approve, on a non-binding, advisory basis, certain compensation that may be paid or become payable to IPG's named executive officers that is based on or otherwise relates to the merger; and | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Hewlett Packard Enterprise Company           | 42824C109 | 04/02/2025     | Advisory vote to approve the Hewlett Packard Enterprise Company's executive compensation                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 300753           |                0 | FOR         | 300753.000000                            | FOR                         |  |
| TD SYNNEX Corporation                        | 87162W100 | 04/02/2025     | An advisory vote to approve our Executive Compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  64192           |                0 | FOR         | 64192.000000                             | FOR                         |  |
| M Bank Corporation                           | 55261F104 | 04/15/2025     | TO APPROVE THE 2024 COMPENSATION OF M BANK CORPORATION'S NAMED EXECUTIVE OFFICERS.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  16172           |                0 | FOR         | 16172.000000                             | FOR                         |  |
| Owens Corning                                | 690742101 | 04/15/2025     | To approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  39194           |                0 | FOR         | 39194.000000                             | FOR                         |  |
| AGNC Investment Corp.                        | 00123Q104 | 04/17/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      5.82432e+06 |                0 | FOR         | 5824315.000000                           | FOR                         |  |
| KB Home                                      | 48666K109 | 04/17/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  51646           |             1784 | FOR         | 51646.000000                             | FOR                         |  |
| Bank of America Corporation                  | 060505104 | 04/22/2025     | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution)                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      2.05897e+06 |                0 | AGAINST     | 129000.000000                            | AGAINST                     |  |
| The Cigna Group                              | 125523100 | 04/23/2025     | Advisory approval of executive compensation                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 528052           |                0 | FOR         | 528052.000000                            | FOR                         |  |
| The PNC Financial Services Group, Inc.       | 693475105 | 04/23/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  88001           |                0 | FOR         | 88001.000000                             | FOR                         |  |
| Pfizer Inc.                                  | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      3.23183e+06 |                0 | AGAINST     | 91670.000000                             | AGAINST                     |  |
| Citigroup Inc.                               | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      2.81038e+06 |                0 | FOR         | 2810379.000000                           | FOR                         |  |
| Core Natural Resources, Inc.                 | 218937100 | 04/29/2025     | Approval, on an Advisory Basis, of the Compensation Paid to Core Natural Resources, Inc.'s Named Executive Officers in 2024.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    812           |                0 | FOR         | 812.000000                               | FOR                         |  |
| FMC Corporation                              | 302491303 | 04/29/2025     | Approval, by non-binding vote, of executive compensation.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |   2138           |                0 | AGAINST     | 2138.000000                              | AGAINST                     |  |
| Wells Fargo  Company                         | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Corteva, Inc.                                | 22052L104 | 04/30/2025     | Advisory resolution to approve executive compensation of the Company's named executive officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 707398           |                0 | FOR         | 707398.000000                            | FOR                         |  |
| Coterra Energy Inc.                          | 127097103 | 04/30/2025     | A non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 204055           |                0 | FOR         | 204055.000000                            | FOR                         |  |
| Newmont Corporation                          | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      5.64327e+06 |                0 | FOR         | 5643272.000000                           | FOR                         |  |
| Pilgrim's Pride Corporation                  | 72147K108 | 04/30/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 179612           |            12651 | AGAINST     | 847.000000                               | AGAINST                     |  |
| PulteGroup, Inc.                             | 745867101 | 04/30/2025     | Say-on-pay: Advisory vote to approve executive compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  35270           |                0 | FOR         | 35270.000000                             | FOR                         |  |
| Halozyme Therapeutics, Inc.                  | 40637H109 | 05/01/2025     | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   4881           |               11 | FOR         | 4881.000000                              | FOR                         |  |
| Smurfit WestRock Plc                         | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the compensation of the Company's named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      3.48445e+06 |                0 | FOR         | 3484454.000000                           | FOR                         |  |
| Smurfit WestRock Plc                         | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the frequency of future non-binding, advisory votes to approve named executive officer compensation.                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      3.48445e+06 |                0 | ONE YEAR    | 3484454.000000                           | FOR                         |  |
| CF Industries Holdings, Inc.                 | 125269100 | 05/06/2025     | Advisory vote to approve the compensation of CF Industries Holdings, Inc.'s named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 410648           |                0 | FOR         | 410648.000000                            | FOR                         |  |
| GE Aerospace                                 | 369604301 | 05/06/2025     | Advisory Approval of Our Named Executives' Compensation                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  99819           |                0 | FOR         | 99819.000000                             | FOR                         |  |
| United States Steel Corporation              | 912909108 | 05/06/2025     | To consider and act on a non-binding advisory vote regarding the approval of compensation paid to certain executive officers.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 894087           |            40066 | FOR         | 894087.000000                            | FOR                         |  |
| Alpha Metallurgical Resources, Inc.          | 020764106 | 05/07/2025     | Advisory approval of the Company's executive compensation as reported in the proxy statement for the annual meeting.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |     15           |                0 | FOR         | 15.000000                                | FOR                         |  |
| Alpha Metallurgical Resources, Inc.          | 020764106 | 05/07/2025     | An advisory vote on the frequency of future advisory votes on the Company's executive compensation.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |     15           |                0 | ONE YEAR    | 15.000000                                | FOR                         |  |
| Magnolia Oil  Gas Corporation                | 559663109 | 05/07/2025     | Approval of the advisory, non-binding resolution regarding the compensation of our named executive officers for 2024 ("say-on-pay vote")                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 209118           |            15053 | FOR         | 209118.000000                            | FOR                         |  |
| Magnolia Oil  Gas Corporation                | 559663109 | 05/07/2025     | Advisory, non-binding resolution regarding the frequency of future say-on-pay votes ("say-on-frequency")                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 209118           |            15053 | ONE YEAR    | 209118.000000                            | FOR                         |  |
| Philip Morris International Inc.             | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 109997           |                0 | FOR         | 109997.000000                            | FOR                         |  |
| Archer-Daniels-Midland Company               | 039483102 | 05/08/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 917378           |                0 | FOR         | 917378.000000                            | FOR                         |  |
| Noble Corporation plc                        | G65431127 | 05/08/2025     | Approval by Advisory Vote of the Company's Executive Compensation.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 299869           |                0 | FOR         | 299869.000000                            | FOR                         |  |
| Royalty Pharma Plc                           | G7709Q104 | 05/12/2025     | A non-binding advisory vote to approve executive compensation that may become payable in connection with the transaction contemplated by the Membership Interest Purchase Agreement.                                                 | SECTION 14A SAY-ON-PAY VOTES | 191407           |                0 | FOR         | 191407.000000                            | FOR                         |  |
| Royalty Pharma Plc                           | G7709Q104 | 05/12/2025     | A non-binding advisory vote to approve executive compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 191407           |                0 | FOR         | 191407.000000                            | FOR                         |  |
| Coeur Mining, Inc.                           | 192108504 | 05/13/2025     | Advisory resolution to approve executive compensation.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      2.77487e+06 |                0 | FOR         | 2774868.000000                           | FOR                         |  |
| Group 1 Automotive, Inc.                     | 398905109 | 05/13/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      7           |                0 | FOR         | 7.000000                                 | FOR                         |  |
| M/I Homes, Inc.                              | 55305B101 | 05/14/2025     | A non-binding, advisory resolution to approve the compensation of the named executive officers of M/I Homes, Inc.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |     11           |                0 | FOR         | 11.000000                                | FOR                         |  |
| Molson Coors Beverage Company                | 60871R209 | 05/14/2025     | To approve, in a non-binding advisory vote, the compensation of Molson Coors Beverage Company's named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 172971           |                0 | FOR         | 172971.000000                            | FOR                         |  |
| Terex Corporation                            | 880779103 | 05/14/2025     | To approve the compensation of the Company's named executive officers.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |     58           |               12 | FOR         | 58.000000                                | FOR                         |  |
| Cheniere Energy, Inc.                        | 16411R208 | 05/15/2025     | Approve, on an advisory and non-binding basis, the compensation of the Company's named executive officers for 2024.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |  34324           |                0 | FOR         | 34324.000000                             | FOR                         |  |
| Dorman Products, Inc.                        | 258278100 | 05/16/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  33021           |                0 | FOR         | 33021.000000                             | FOR                         |  |
| East West Bancorp, Inc.                      | 27579R104 | 05/20/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers for 2024.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  10560           |                0 | FOR         | 10560.000000                             | FOR                         |  |
| JPMorgan Chase  Co.                          | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   7000           |                0 | FOR         | 7000.000000                              | FOR                         |  |
| Amazon.com, Inc.                             | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      1.18499e+06 |                0 | AGAINST     | 44794.000000                             | AGAINST                     |  |
| Permian Resources Corporation                | 71424F105 | 05/21/2025     | To approve, by a non-binding advisory vote, the Company's named executive officer compensation.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 290326           |            20155 | FOR         | 290326.000000                            | FOR                         |  |
| Meritage Homes Corporation                   | 59001A102 | 05/22/2025     | Advisory vote to approve compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     22           |                0 | FOR         | 22.000000                                | FOR                         |  |
| Northern Oil and Gas, Inc.                   | 665531307 | 05/22/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1           |               97 | FOR         | 1.000000                                 | FOR                         |  |
| SM Energy Company                            | 78454L100 | 05/22/2025     | To approve, on a non-binding advisory basis, the compensation philosophy, policies and procedures, and the compensation of our Company's named executive officers, as disclosed in the accompanying Proxy Statement.                 | SECTION 14A SAY-ON-PAY VOTES |     89           |                0 | FOR         | 89.000000                                | FOR                         |  |
| Taylor Morrison Home Corporation             | 87724P106 | 05/22/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  59545           |                0 | FOR         | 59545.000000                             | FOR                         |  |
| The Cheesecake Factory Incorporated          | 163072101 | 05/22/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's Named Executive Officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission.                       | SECTION 14A SAY-ON-PAY VOTES | 313046           |                0 | FOR         | 313046.000000                            | FOR                         |  |
| Merck  Co., Inc.                             | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  76177           |                0 | FOR         | 76177.000000                             | FOR                         |  |
| Chevron Corporation                          | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  11000           |                0 | FOR         | 11000.000000                             | FOR                         |  |
| Exelixis, Inc.                               | 30161Q104 | 05/28/2025     | To approve, on an advisory basis, the compensation of Exelixis' named executive officers, as disclosed in the accompanying Proxy Statement.                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 100630           |                0 | FOR         | 100630.000000                            | FOR                         |  |
| Exxon Mobil Corporation                      | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 244430           |                0 | FOR         | 244430.000000                            | FOR                         |  |
| Mattel, Inc.                                 | 577081102 | 05/28/2025     | Advisory vote to approve named executive officer compensation ("Say-on-Pay"), as described in the Mattel, Inc. Proxy Statement.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 212975           |            15313 | FOR         | 212975.000000                            | FOR                         |  |
| The Mosaic Company                           | 61945C103 | 05/29/2025     | An advisory vote to approve the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.20725e+06 |                0 | FOR         | 1207248.000000                           | FOR                         |  |
| General Motors Company                       | 37045V100 | 06/03/2025     | Advisory Approval of Named Executive Officer Compensation                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  55147           |                0 | FOR         | 55147.000000                             | FOR                         |  |
| Academy Sports and Outdoors, Inc.            | 00402L107 | 06/05/2025     | Approval, on a non-binding advisory basis, of the fiscal 2024 compensation paid to the Company's named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  60353           |             4212 | FOR         | 60353.000000                             | FOR                         |  |
| Bath  Body Works, Inc.                       | 070830104 | 06/05/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Patterson-UTI Energy, Inc.                   | 703481101 | 06/05/2025     | Approval, on an advisory basis, of Patterson-UTI's compensation of its named executive officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 419949           |                0 | FOR         | 419949.000000                            | FOR                         |  |
| ChampionX Corporation                        | 15872M104 | 06/10/2025     | Advisory Vote to Approve the Compensation of ChampionX's Named Executive Officers for 2024                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 285098           |                0 | FOR         | 285098.000000                            | FOR                         |  |
| Crocs, Inc.                                  | 227046109 | 06/10/2025     | An advisory vote to approve the compensation of our named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  20489           |             1444 | FOR         | 20489.000000                             | FOR                         |  |
| Incyte Corporation                           | 45337C102 | 06/10/2025     | Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  65607           |                0 | FOR         | 65607.000000                             | FOR                         |  |
| Abercrombie  Fitch Co.                       | 002896207 | 06/11/2025     | Advisory vote to approve the compensation of the Company's named executive officers for the fiscal year ended February 1, 2025.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  22181           |                0 | FOR         | 22181.000000                             | FOR                         |  |
| Fidelity National Information Services, Inc. | 31620M106 | 06/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 140203           |                0 | FOR         | 140203.000000                            | FOR                         |  |
| Comcast Corporation                          | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   3043           |                0 | FOR         | 3043.000000                              | FOR                         |  |
| PVH Corp.                                    | 693656100 | 06/18/2025     | Approval of the advisory resolution on executive compensation                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |     19           |                0 | FOR         | 19.000000                                | FOR                         |  |
| American Eagle Outfitters, Inc.              | 02553E106 | 06/25/2025     | Hold an advisory vote on the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    142           |                0 | FOR         | 142.000000                               | FOR                         |  |
| United Therapeutics Corporation              | 91307C102 | 06/26/2025     | Advisory resolution to approve executive compensation.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |   8664           |                0 | FOR         | 8664.000000                              | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Ruffer LLP

**By (Signature):** Lucy Hodgson

**By (Printed Signature):** Lucy Hodgson

**By (Title):** Head of Compliance

**Date:** 08/27/2025