| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 3,890,032 | -177,043 | 91,193,246.06 | 0.0431 | 1.4265 | 01/31/2025 |
| 2 | Trigon Asset Management AS | 1,633,782 | 0 | 38,300,426.3 | 4.5801 | 0.5991 | 06/30/2024 |
| 3 | Capital Research & Management Co. (World Investors) | 1,300,992 | 410,663 | 30,498,896.56 | 0.0035 | 0.4771 | 03/31/2025 |
| 4 | Kopernik Global Investors LLC | 1,038,086 | -837,537 | 24,335,643.52 | 0.4577 | 0.3807 | 03/31/2025 |
| 5 | HSBC Global Asset Management (UK) Ltd. | 906,948 | -26,277 | 21,261,401.48 | 0.0149 | 0.3326 | 03/31/2025 |
| 6 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | -105,000 | 16,292,746.7 | 2.1868 | 0.2549 | 02/28/2025 |
| 7 | East Capital Financial Services AB | 605,900 | 169,314 | 14,203,993.13 | 1.3672 | 0.2222 | 03/28/2025 |
| 8 | Coeli Asset Management AB | 578,219 | 0 | 13,555,072.95 | 2.2848 | 0.212 | 07/25/2024 |
| 9 | Franklin Templeton Investments (ME) Ltd. | 536,209 | 0 | 12,570,240.88 | 3.0242 | 0.1966 | 12/31/2024 |
| 10 | Capital Research & Management Co. (International Investors) | 511,985 | -43,938 | 12,002,362.47 | 0.0021 | 0.1877 | 03/31/2025 |
| 11 | Legal & General Investment Management Ltd. | 477,544 | 84,141 | 11,194,968.96 | 0.0041 | 0.1751 | 03/31/2025 |
| 12 | JPMorgan Asset Management (UK) Ltd. | 447,532 | -774,216 | 10,491,403.62 | 0.0077 | 0.1641 | 04/30/2025 |
| 13 | Templeton Asset Management Ltd. | 434,707 | 0 | 10,190,749.69 | 0.0658 | 0.1594 | 03/31/2025 |
| 14 | KBI Global Investors Ltd. | 330,511 | -112,708 | 7,748,103.6 | 0.076 | 0.1212 | 04/30/2025 |
| 15 | RWC Asset Advisors (US) LLC | 322,534 | 0 | 7,561,100.38 | 0.1589 | 0.1183 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder ISF - Frontier Markets Equity | 1,609,365 | -71,335 | 37,728,023.43 | 5.8892 | 0.5901 | 01/31/2025 |
| 2 | American Funds Insurance Series - Global Growth Fund | 1,300,992 | 410,663 | 30,498,896.56 | 0.3799 | 0.4771 | 03/31/2025 |
| 3 | Schroder ISF - Global Emerging Market Opportunities | 1,226,277 | 0 | 28,747,367.68 | 1.4814 | 0.4497 | 01/31/2025 |
| 4 | HSBC GIF - Frontier Markets Fund | 906,948 | -26,277 | 21,261,401.48 | 3.2589 | 0.3326 | 03/31/2025 |
| 5 | Trigon New Europe Fund | 872,528 | 0 | 20,454,500.27 | 4.9818 | 0.32 | 06/30/2023 |
| 6 | TRIGON - New Europe Fund | 743,788 | 0 | 17,436,474.07 | 3.87 | 0.2727 | 06/30/2024 |
| 7 | CIM Investment Fund ICAV - Dividend Income Fund | 695,000 | -105,000 | 16,292,746.7 | 2.3792 | 0.2549 | 02/28/2025 |
| 8 | Schroder ISF - Emerging Europe | 676,386 | -136,168 | 15,856,382.4 | 2.5804 | 0.248 | 01/31/2025 |
| 9 | East Capital - Global Frontier Markets Fund | 605,900 | 169,314 | 14,203,993.13 | 4.5939 | 0.2222 | 03/28/2025 |
| 10 | Coeli SICAV I - Frontier Markets | 578,219 | 0 | 13,555,072.95 | 6.365 | 0.212 | 07/25/2024 |
| 11 | FTIF SICAV - Templeton Frontier Markets Fund | 536,209 | 0 | 12,570,240.88 | 4.1783 | 0.1966 | 12/31/2024 |
| 12 | American Funds Developing World Growth & Income Fund | 511,985 | -43,938 | 12,002,362.47 | 0.6471 | 0.1877 | 03/31/2025 |
| 13 | L&G ICAV - Frontier Markets Equity Fund | 477,544 | 84,141 | 11,194,968.96 | 2.1879 | 0.1751 | 03/31/2025 |
| 14 | Kopernik Global All Cap Fund | 456,543 | -482,909 | 10,702,646.7 | 0.3808 | 0.1674 | 03/31/2025 |
| 15 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 365,005 | -188,622 | 8,556,739.58 | 0.6164 | 0.1338 | 02/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 1,300,992 | 410,663 | 30,498,896.56 | 0.0035 | 0.4771 | 03/31/2025 |
| 2 | Generali Investments CEE Investicni Spolecnost AS | 226,987 | 219,959 | 5,321,211.07 | 0.4982 | 0.0832 | 03/31/2025 |
| 3 | East Capital Financial Services AB | 605,900 | 169,314 | 14,203,993.13 | 1.3672 | 0.2222 | 03/28/2025 |
| 4 | Wellington Management Co. LLP | 109,142 | 109,142 | 2,558,594.19 | 0.0005 | 0.04 | 02/28/2025 |
| 5 | S-Bank Fund Management Ltd. | 100,000 | 100,000 | 2,344,280.1 | 0.1054 | 0.0367 | 12/31/2024 |
| 6 | Legal & General Investment Management Ltd. | 477,544 | 84,141 | 11,194,968.96 | 0.0041 | 0.1751 | 03/31/2025 |
| 7 | Abax Investments (Pty) Ltd. | 60,000 | 60,000 | 1,406,568.06 | 0.1932 | 0.022 | 03/31/2025 |
| 8 | Axxion SA (Luxembourg) | 28,000 | 8,000 | 656,398.43 | 0.0793 | 0.0103 | 04/30/2025 |
| 9 | BlackRock Investment Management LLC | 32,569 | 4,491 | 763,508.59 | 0.0004 | 0.0119 | 03/31/2025 |
| 10 | Lincoln Financial Investments Corp. | 3,455 | 3,455 | 80,994.88 | 0.002 | 0.0013 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Kopernik Global Investors LLC | 1,038,086 | -837,537 | 24,335,643.52 | 0.4577 | 0.3807 | 03/31/2025 |
| 2 | JPMorgan Asset Management (UK) Ltd. | 447,532 | -774,216 | 10,491,403.62 | 0.0077 | 0.1641 | 04/30/2025 |
| 3 | Fiera Capital (UK) Ltd. | 0 | -382,101 | 0 | 0 | 0 | |
| 4 | Swedbank Robur Fonder AB | 0 | -258,947 | 0 | 0 | 0 | |
| 5 | Schroder Investment Management Ltd. | 3,890,032 | -177,043 | 91,193,246.06 | 0.0431 | 1.4265 | 01/31/2025 |
| 6 | BlackRock Investment Management (UK) Ltd. | 271,549 | -143,866 | 6,365,869.17 | 0.0009 | 0.0996 | 04/30/2025 |
| 7 | KBI Global Investors Ltd. | 330,511 | -112,708 | 7,748,103.6 | 0.076 | 0.1212 | 04/30/2025 |
| 8 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | -105,000 | 16,292,746.7 | 2.1868 | 0.2549 | 02/28/2025 |
| 9 | Capital Research & Management Co. (International Investors) | 511,985 | -43,938 | 12,002,362.47 | 0.0021 | 0.1877 | 03/31/2025 |
| 10 | Ashmore Investment Management Ltd. | 306,841 | -39,822 | 7,193,212.5 | 1.2365 | 0.1125 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.