| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox | 70,320,800 | 20,698,791 | 504,200,136 | 0.2066 | 4.6455 | 03/31/2025 |
| 2 | Fidelity Management & Research Co. LLC | 42,100,521 | 26,407,371 | 301,860,735.57 | 0.018 | 2.7812 | 03/31/2025 |
| 3 | Lazard Asset Management LLC | 38,736,083 | 1,899,570 | 277,737,715.11 | 0.2448 | 2.559 | 03/31/2025 |
| 4 | Brandes Investment Partners LP | 30,310,346 | 6,076,511 | 217,325,180.82 | 1.1534 | 2.0023 | 03/31/2025 |
| 5 | UBS Asset Management (Americas) LLC | 26,848,100 | -568,000 | 192,500,877 | 0.1475 | 1.7736 | 03/31/2025 |
| 6 | Oaktree Capital Management LP | 19,383,729 | 4,794,697 | 138,981,336.93 | 2.2239 | 1.2805 | 03/31/2025 |
| 7 | FIAM LLC | 18,806,222 | 14,691,322 | 134,840,611.74 | 0.0787 | 1.2424 | 03/31/2025 |
| 8 | Schroder Investment Management Ltd. | 16,492,685 | 361,613 | 118,252,551.45 | 0.0544 | 1.0895 | 03/31/2025 |
| 9 | Orbis Investment Management Ltd. | 13,831,102 | 7,416,743 | 99,169,001.34 | 0.2968 | 0.9137 | 03/31/2025 |
| 10 | Antipodes Partners Ltd. | 13,208,763 | -2,048,147 | 94,706,830.71 | 2.4135 | 0.8726 | 03/31/2025 |
| 11 | Dimensional Fund Advisors LP | 10,091,120 | 112,454 | 72,353,330.4 | 0.012 | 0.6666 | 03/31/2025 |
| 12 | Schroder Investment Management North America, Inc. | 9,359,632 | -1,248,403 | 67,108,561.44 | 0.3659 | 0.6183 | 03/31/2025 |
| 13 | J.O. Hambro Capital Management Ltd. | 9,296,899 | -81,748 | 66,658,765.83 | 0.3605 | 0.6142 | 03/31/2025 |
| 14 | UBS Asset Management (UK) Ltd. | 8,781,739 | -222,200 | 62,965,068.63 | 0.0303 | 0.5801 | 03/31/2025 |
| 15 | Marathon Asset Management Ltd. | 6,800,995 | -468,626 | 48,763,134.15 | 0.3027 | 0.4493 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Dodge & Cox International Stock Fund | 49,526,100 | 49,526,100 | 355,102,137 | 0.638 | 3.2718 | 03/31/2025 |
| 2 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 16,719,800 | 3,183,800 | 119,880,966 | 0.4988 | 1.1045 | 05/31/2025 |
| 3 | Fidelity Advisor Focused Emerging Markets Fund | 14,821,299 | 14,821,299 | 106,268,713.83 | 1.3105 | 0.9791 | 05/31/2025 |
| 4 | Dodge & Cox Global Stock Fund | 9,766,000 | 9,766,000 | 70,022,220 | 0.5673 | 0.6452 | 03/31/2025 |
| 5 | Strategic Advisers Fidelity Emerging Markets Fund | 8,569,800 | 8,569,800 | 61,445,466 | 0.2308 | 0.5661 | 05/31/2025 |
| 6 | Redwheel Emerging Markets Equity Fund Ltd. | 7,388,367 | 0 | 52,974,591.39 | 1.7549 | 0.4881 | 06/28/2024 |
| 7 | St. James's Place Unit Trust - Emerging Markets Equity | 7,234,977 | 0 | 51,874,785.09 | 0.4955 | 0.478 | 09/30/2024 |
| 8 | Lazard Emerging Markets Equity Portfolio | 5,734,012 | -1,220,815 | 41,112,866.04 | 1.0269 | 0.3788 | 05/31/2025 |
| 9 | Macquarie Emerging Markets Fund | 5,100,000 | 0 | 36,567,000 | 0.5521 | 0.3369 | 04/30/2025 |
| 10 | Dodge & Cox Worldwide Funds - Global Stock Fund | 4,876,000 | 4,876,000 | 34,960,920 | 0.5679 | 0.3221 | 03/31/2025 |
| 11 | FIAM Emerging Markets Opportunities Commingled Pool | 4,693,900 | 579,000 | 33,655,263 | 0.4789 | 0.3101 | 05/31/2025 |
| 12 | Artisan International Fund | 4,688,344 | -1,658,799 | 33,615,426.48 | 0.5937 | 0.3097 | 03/31/2025 |
| 13 | Larrainvial AM SICAV - Latin American Equity Fund | 4,465,141 | 0 | 32,015,060.97 | 2.8555 | 0.295 | 06/30/2024 |
| 14 | Deka - GlobalChampions | 4,000,000 | 0 | 28,680,000 | 0.2522 | 0.2642 | 11/30/2024 |
| 15 | JOHCM Emerging Markets Opportunities Fund | 3,969,446 | 0 | 28,460,927.82 | 2.3032 | 0.2622 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 42,100,521 | 26,407,371 | 301,860,735.57 | 0.018 | 2.7812 | 03/31/2025 |
| 2 | Dodge & Cox | 70,320,800 | 20,698,791 | 504,200,136 | 0.2066 | 4.6455 | 03/31/2025 |
| 3 | FIAM LLC | 18,806,222 | 14,691,322 | 134,840,611.74 | 0.0787 | 1.2424 | 03/31/2025 |
| 4 | Orbis Investment Management Ltd. | 13,831,102 | 7,416,743 | 99,169,001.34 | 0.2968 | 0.9137 | 03/31/2025 |
| 5 | Brandes Investment Partners LP | 30,310,346 | 6,076,511 | 217,325,180.82 | 1.1534 | 2.0023 | 03/31/2025 |
| 6 | Oaktree Capital Management LP | 19,383,729 | 4,794,697 | 138,981,336.93 | 2.2239 | 1.2805 | 03/31/2025 |
| 7 | Goldman Sachs Asset Management LP | 5,227,327 | 3,910,603 | 37,479,934.59 | 0.0089 | 0.3453 | 03/31/2025 |
| 8 | Balyasny Asset Management LP | 3,991,019 | 2,855,543 | 28,615,606.23 | 0.0663 | 0.2637 | 03/31/2025 |
| 9 | Russell Investment Management LLC | 4,229,941 | 2,289,557 | 30,328,676.97 | 0.0327 | 0.2794 | 03/31/2025 |
| 10 | Lazard Asset Management LLC | 38,736,083 | 1,899,570 | 277,737,715.11 | 0.2448 | 2.559 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 6,150,122 | -25,547,692 | 44,096,374.74 | 0.0222 | 0.4063 | 03/31/2025 |
| 2 | RWC Asset Advisors (US) LLC | 0 | -12,039,601 | 0 | 0 | 0 | |
| 3 | Millennium Management LLC | 1,461,639 | -8,080,068 | 10,479,951.63 | 0.0092 | 0.0966 | 03/31/2025 |
| 4 | Voloridge Investment Management LLC | 1,390,783 | -6,641,092 | 9,971,914.11 | 0.0339 | 0.0919 | 03/31/2025 |
| 5 | RWC Asset Management LLP | 0 | -5,862,677 | 0 | 0 | 0 | |
| 6 | BlackRock Investment Management (UK) Ltd. | 1,220,919 | -3,746,991 | 8,753,989.23 | 0.0012 | 0.0807 | 03/31/2025 |
| 7 | Marshall Wace LLP | 0 | -2,539,938 | 0 | 0 | 0 | |
| 8 | JPMorgan Securities LLC (Investment Management) | 702,407 | -2,257,741 | 5,036,258.19 | 0.0026 | 0.0464 | 03/31/2025 |
| 9 | Carrhae Capital LLP | 0 | -2,215,050 | 0 | 0 | 0 | |
| 10 | Antipodes Partners Ltd. | 13,208,763 | -2,048,147 | 94,706,830.71 | 2.4135 | 0.8726 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.