Goehring & Rozencwajg Associates, LLC

Goehring & Rozencwajg Associates, LLC (GRA) is a financial advisor firm established in 2015, specializing in investment advisory services focused on the Global Natural Resources sector. The firm provides services to separately managed accounts, private funds, and pooled investment vehicles. GRA's investment strategy aims to generate superior long-term returns by investing in companies related to natural resource industries. The firm offers investment advisory services on a fully discretionary basis, with the ability to tailor services based on client needs. GRA manages over $726 million of client assets on a discretionary basis as of December 31, 2024. For fees, GRA charges an annual percentage rate of 0.90% of assets under management for Institutional and High-Net-Worth separately managed accounts. The firm may also receive performance fees from certain clients based on account performance. GRA may engage in promotional agreements with third parties, with associated conflicts of interest disclosed in Form ADV Part 2A. Clients have investment discretion agreements with GRA, granting the firm full authority over investment decisions. The firm does not maintain custody of client funds directly, and client assets are held by qualified custodians. GRA has detailed policies and procedures in place for proxy voting, ensuring votes are in the best interest of clients. The firm does not require prepayment of fees or solicitations of fees in advance. Additionally, GRA is not currently registered with any state securities authority. For more information, clients can refer to the SEC's website or contact GRA directly for any inquiries.