| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Polunin Capital Partners Ltd. | 16,829,511 | -400,453 | 61,596,010.26 | 5.7543 | 1.5547 | 06/30/2025 |
| 2 | Renaissance Technologies LLC | 8,520,760 | 838,284 | 31,185,981.6 | 0.04 | 0.7872 | 06/30/2025 |
| 3 | Macquarie Investment Management Business Trust | 7,914,816 | -874,280 | 28,968,226.56 | 0.0305 | 0.7312 | 06/30/2025 |
| 4 | Arrowstreet Capital LP | 3,997,994 | 1,723,360 | 14,632,658.04 | 0.0096 | 0.3693 | 06/30/2025 |
| 5 | Connor, Clark & Lunn Investment Management Ltd. | 1,996,199 | -125,629 | 7,306,088.34 | 0.0226 | 0.1844 | 06/30/2025 |
| 6 | American Century Investment Management, Inc. | 1,347,502 | 328,265 | 4,931,857.32 | 0.002 | 0.1245 | 06/30/2025 |
| 7 | Millennium Management LLC | 1,307,192 | -3,146,903 | 4,784,322.72 | 0.0041 | 0.1208 | 06/30/2025 |
| 8 | Qube Research & Technologies Ltd. | 1,302,917 | -1,440,835 | 4,768,676.22 | 0.0065 | 0.1204 | 06/30/2025 |
| 9 | SSgA Funds Management, Inc. | 1,261,090 | 140,611 | 4,615,589.4 | 0.0002 | 0.1165 | 06/30/2025 |
| 10 | Two Sigma Investments LP | 1,161,122 | -1,056,392 | 4,249,706.52 | 0.0074 | 0.1073 | 06/30/2025 |
| 11 | Citadel Securities LLC | 1,132,528 | 730,899 | 4,145,052.48 | 0.0133 | 0.1046 | 06/30/2025 |
| 12 | Morgan Stanley Latam LLC | 1,059,729 | 1,059,729 | 3,878,608.14 | 1.3031 | 0.0979 | 06/30/2025 |
| 13 | Aperio Group LLC | 811,490 | 12,124 | 2,970,053.4 | 0.0025 | 0.075 | 06/30/2025 |
| 14 | O'Shaughnessy Asset Management LLC | 533,481 | 505,849 | 1,952,540.46 | 0.0125 | 0.0493 | 06/30/2025 |
| 15 | Cloverfields Capital Group LP | 508,881 | 26,623 | 1,862,504.46 | 0.5434 | 0.047 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Macquarie Emerging Markets Fund | 6,279,274 | -570,726 | 22,982,142.84 | 0.3532 | 0.5801 | 06/30/2025 |
| 2 | Old Westbury Small & Mid Cap Strategies Fund | 2,775,475 | 0 | 10,158,238.5 | 0.11 | 0.2564 | 04/30/2025 |
| 3 | Avantis Emerging Markets Equity ETF | 1,318,793 | 321,755 | 4,826,782.38 | 0.0409 | 0.1218 | 07/31/2025 |
| 4 | SPDR Portfolio Emerging Markets ETF | 1,205,422 | 151,043 | 4,411,844.52 | 0.0336 | 0.1114 | 07/31/2025 |
| 5 | Polunin Funds - Developing Countries | 874,505 | 0 | 3,200,688.3 | 0.9909 | 0.0808 | 12/31/2024 |
| 6 | State Board of Administration of Florida Retirement System | 793,500 | 0 | 2,904,210 | 0.0026 | 0.0733 | 03/31/2025 |
| 7 | Macquarie VIP Emerging Markets Series | 565,764 | -223,136 | 2,070,696.24 | 0.2925 | 0.0523 | 06/30/2025 |
| 8 | Scottish Widows Invt. Sol. Fds. ICVC - Fund. Index EM Eq. | 444,553 | 0 | 1,627,063.98 | 0.1281 | 0.0411 | 11/30/2024 |
| 9 | Praxis International Index Fund | 213,663 | 23,308 | 782,006.58 | 0.1535 | 0.0197 | 07/31/2025 |
| 10 | HSBC ETFs Plc - MSCI Emerging Markets | 174,897 | 0 | 640,123.02 | 0.0213 | 0.0162 | 07/31/2025 |
| 11 | Panda Agriculture & Water Fund, FI | 141,415 | 49,398 | 517,578.9 | 3.6778 | 0.0131 | 06/30/2025 |
| 12 | Barclays MM Fd. Plc - GlobalAccess Emerging Markets Equity Fd. | 114,333 | 0 | 418,458.78 | 0.0434 | 0.0106 | 11/30/2024 |
| 13 | BNY Mellon Global Fds. Plc - Brazil Equity Fund | 108,708 | 108,600 | 397,871.28 | 1.0182 | 0.01 | 06/30/2025 |
| 14 | Vanguard Institutional Total Intl. Stock Market Index Trust | 105,554 | 0 | 386,327.64 | 0.001 | 0.0098 | 06/30/2025 |
| 15 | Voya VACS Series EME Fund | 101,175 | -31,800 | 370,300.5 | 0.1323 | 0.0093 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Arrowstreet Capital LP | 3,997,994 | 1,723,360 | 14,632,658.04 | 0.0096 | 0.3693 | 06/30/2025 |
| 2 | Morgan Stanley Latam LLC | 1,059,729 | 1,059,729 | 3,878,608.14 | 1.3031 | 0.0979 | 06/30/2025 |
| 3 | Renaissance Technologies LLC | 8,520,760 | 838,284 | 31,185,981.6 | 0.04 | 0.7872 | 06/30/2025 |
| 4 | Citadel Securities LLC | 1,132,528 | 730,899 | 4,145,052.48 | 0.0133 | 0.1046 | 06/30/2025 |
| 5 | O'Shaughnessy Asset Management LLC | 533,481 | 505,849 | 1,952,540.46 | 0.0125 | 0.0493 | 06/30/2025 |
| 6 | American Century Investment Management, Inc. | 1,347,502 | 328,265 | 4,931,857.32 | 0.002 | 0.1245 | 06/30/2025 |
| 7 | Merrill Lynch International (Investment Management) | 281,366 | 281,366 | 1,029,799.56 | 0.0054 | 0.026 | 06/30/2025 |
| 8 | UBS Securities LLC | 233,871 | 206,032 | 855,967.86 | 0.0004 | 0.0216 | 06/30/2025 |
| 9 | Commonwealth Equity Services LLC | 197,810 | 197,810 | 723,984.6 | 0.0009 | 0.0183 | 06/30/2025 |
| 10 | Hightower Advisors LLC | 184,623 | 184,623 | 675,720.18 | 0.0008 | 0.0171 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Marshall Wace LLP | 0 | -4,975,651 | 0 | 0 | 0 | |
| 2 | Millennium Management LLC | 1,307,192 | -3,146,903 | 4,784,322.72 | 0.0041 | 0.1208 | 06/30/2025 |
| 3 | D. E. Shaw & Co. LP | 342,347 | -1,793,635 | 1,252,990.02 | 0.0012 | 0.0316 | 06/30/2025 |
| 4 | BlackRock Asset Management Canada Ltd. | 0 | -1,502,872 | 0 | 0 | 0 | |
| 5 | Qube Research & Technologies Ltd. | 1,302,917 | -1,440,835 | 4,768,676.22 | 0.0065 | 0.1204 | 06/30/2025 |
| 6 | Acadian Asset Management LLC | 283,722 | -1,297,867 | 1,038,422.52 | 0.0018 | 0.0262 | 06/30/2025 |
| 7 | Two Sigma Investments LP | 1,161,122 | -1,056,392 | 4,249,706.52 | 0.0074 | 0.1073 | 06/30/2025 |
| 8 | Macquarie Investment Management Business Trust | 7,914,816 | -874,280 | 28,968,226.56 | 0.0305 | 0.7312 | 06/30/2025 |
| 9 | Manulife Investment Management (US) LLC | 0 | -870,300 | 0 | 0 | 0 | |
| 10 | Cubist Systematic Strategies LLC | 177,069 | -612,184 | 648,072.54 | 0.0068 | 0.0164 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.