| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Massachusetts Financial Services Co. | 93,533,686 | 11,275,744 | 227,286,856.98 | 0.0767 | 1.7608 | 12/31/2024 |
| 2 | ARGA Investment Management LP | 82,839,944 | 56,552,808 | 201,301,063.92 | 1.1667 | 1.5595 | 12/31/2024 |
| 3 | Fisher Asset Management LLC | 75,884,093 | 50,839 | 184,398,345.99 | 0.0761 | 1.4286 | 12/31/2024 |
| 4 | Wellington Management Co. LLP | 54,377,448 | 9,233,401 | 132,137,198.64 | 0.0238 | 1.0237 | 12/31/2024 |
| 5 | Arrowstreet Capital LP | 50,826,745 | 10,537,751 | 123,508,990.35 | 0.0972 | 0.9569 | 12/31/2024 |
| 6 | Templeton Asset Management Ltd. | 45,351,217 | 803,492 | 110,203,457.31 | 0.7455 | 0.8538 | 12/31/2024 |
| 7 | Causeway Capital Management LLC | 36,313,506 | -9,662,131 | 88,241,819.58 | 0.2271 | 0.6836 | 12/31/2024 |
| 8 | Itau USA Asset Management, Inc. | 33,105,610 | -4,511,308 | 80,446,632.3 | 1.8373 | 0.6232 | 12/31/2024 |
| 9 | Baillie Gifford & Co. | 30,741,854 | -1,277,907 | 74,702,705.22 | 0.0406 | 0.5787 | 12/31/2024 |
| 10 | Marshall Wace LLP | 27,742,604 | 8,661,231 | 67,414,527.72 | 0.0876 | 0.5223 | 12/31/2024 |
| 11 | UBS Asset Management (Americas) LLC | 22,148,287 | -834,445 | 53,820,337.41 | 0.0436 | 0.417 | 12/31/2024 |
| 12 | EARNEST Partners LLC | 21,335,906 | -434,006 | 51,846,251.58 | 0.2368 | 0.4017 | 12/31/2024 |
| 13 | Macquarie Investment Management Business Trust | 19,410,056 | -59,113 | 47,166,436.08 | 0.051 | 0.3654 | 12/31/2024 |
| 14 | SSgA Funds Management, Inc. | 16,930,761 | 1,152,114 | 41,141,749.23 | 0.0017 | 0.3187 | 12/31/2024 |
| 15 | BlackRock Fund Advisors | 16,382,229 | -133,403 | 39,808,816.47 | 0.0011 | 0.3084 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | MFS Research International Fund | 41,889,011 | -908,631 | 101,790,296.73 | 0.6806 | 0.7886 | 03/31/2025 |
| 2 | MFS Emerging Markets Equity Fund | 38,438,256 | 11,397,138 | 93,404,962.08 | 1.1749 | 0.7236 | 03/31/2025 |
| 3 | Hartford International Value Fund (The) | 26,875,148 | 12,189,822 | 65,306,609.64 | 0.8723 | 0.5059 | 03/31/2025 |
| 4 | Vanguard International Value Fund | 18,002,524 | -17,180,750 | 43,746,133.32 | 0.367 | 0.3389 | 01/31/2025 |
| 5 | iShares Tr. - Latin America 40 ETF | 16,952,166 | 694,103 | 41,193,763.38 | 2.9087 | 0.3191 | 03/31/2025 |
| 6 | Templeton Emerging Markets Investment Trust Plc | 15,280,058 | 0 | 37,130,540.94 | 1.4966 | 0.2877 | 09/30/2024 |
| 7 | Vanguard Global Capital Cycles Fund | 14,258,404 | 5,306,990 | 34,647,921.72 | 2.2452 | 0.2684 | 01/31/2025 |
| 8 | Macquarie Emerging Markets Fund | 14,200,000 | 14,200,000 | 34,506,000 | 0.6555 | 0.2673 | 02/28/2025 |
| 9 | Baillie Gifford Emerging Markets Equities Fund | 12,759,463 | 0 | 31,005,495.09 | 0.5774 | 0.2402 | 12/31/2024 |
| 10 | UBS Investment Funds ICVC - Global Emerging Markets Equity | 8,904,069 | -9,818 | 21,636,887.67 | 1.6767 | 0.1676 | 12/31/2024 |
| 11 | DWS Invest - Latin American Equities | 8,760,365 | -1,703,135 | 21,287,686.95 | 1.7294 | 0.1649 | 02/28/2025 |
| 12 | Murray International Trust Plc | 8,651,500 | 0 | 21,023,145 | 1.0929 | 0.1629 | 02/28/2025 |
| 13 | Templeton Developing Markets Trust | 7,701,018 | 828,118 | 18,713,473.74 | 1.4187 | 0.145 | 03/31/2025 |
| 14 | SPDR Portfolio Emerging Markets ETF | 7,491,127 | 603,167 | 18,203,438.61 | 0.1741 | 0.141 | 03/31/2025 |
| 15 | SPDR S&P Emerging Markets Dividend ETF | 7,234,497 | 1,008,025 | 17,579,827.71 | 2.7563 | 0.1362 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | ARGA Investment Management LP | 82,839,944 | 56,552,808 | 201,301,063.92 | 1.1667 | 1.5595 | 12/31/2024 |
| 2 | Massachusetts Financial Services Co. | 93,533,686 | 11,275,744 | 227,286,856.98 | 0.0767 | 1.7608 | 12/31/2024 |
| 3 | Goldman Sachs Asset Management LP | 14,230,664 | 11,242,785 | 34,580,513.52 | 0.0094 | 0.2679 | 12/31/2024 |
| 4 | Arrowstreet Capital LP | 50,826,745 | 10,537,751 | 123,508,990.35 | 0.0972 | 0.9569 | 12/31/2024 |
| 5 | Wellington Management Co. LLP | 54,377,448 | 9,233,401 | 132,137,198.64 | 0.0238 | 1.0237 | 12/31/2024 |
| 6 | Marshall Wace LLP | 27,742,604 | 8,661,231 | 67,414,527.72 | 0.0876 | 0.5223 | 12/31/2024 |
| 7 | Algebris (UK) Ltd. | 7,649,330 | 7,649,330 | 18,587,871.9 | 0.9229 | 0.144 | 12/31/2024 |
| 8 | Ohio Public Employees Retirement System | 6,856,950 | 6,856,950 | 16,662,388.5 | 0.0594 | 0.1291 | 12/31/2024 |
| 9 | Verition Fund Management LLC | 6,525,958 | 6,525,958 | 15,858,077.94 | 0.0854 | 0.1229 | 12/31/2024 |
| 10 | BNP Paribas Financial Markets | 7,205,238 | 5,848,994 | 17,508,728.34 | 0.0141 | 0.1356 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Merrill Lynch International (Investment Management) | 272,386 | -29,446,194 | 661,897.98 | 0.0039 | 0.0051 | 12/31/2024 |
| 2 | Oaktree Capital Management LP | 0 | -14,114,711 | 0 | 0 | 0 | |
| 3 | Two Sigma Investments LP | 11,478,340 | -10,581,661 | 27,892,366.2 | 0.0674 | 0.2161 | 12/31/2024 |
| 4 | Causeway Capital Management LLC | 36,313,506 | -9,662,131 | 88,241,819.58 | 0.2271 | 0.6836 | 12/31/2024 |
| 5 | Russell Investment Management LLC | 10,285,706 | -6,534,743 | 24,994,265.58 | 0.0323 | 0.1936 | 12/31/2024 |
| 6 | Morgan Stanley Latam LLC | 0 | -6,415,665 | 0 | 0 | 0 | |
| 7 | Citigroup Global Markets, Inc. (Investment Management) | 35,289 | -5,810,204 | 85,752.27 | 0.0001 | 0.0007 | 12/31/2024 |
| 8 | D. E. Shaw & Co. LP | 0 | -5,741,133 | 0 | 0 | 0 | |
| 9 | Itau USA Asset Management, Inc. | 33,105,610 | -4,511,308 | 80,446,632.3 | 1.8373 | 0.6232 | 12/31/2024 |
| 10 | SPX Gestao de Recursos Ltda. | 0 | -3,608,320 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.