| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 4,316,428 | 255,819 | 117,643,386.17 | 0.0827 | 1.5828 | 06/30/2025 |
| 2 | Pictet Asset Management Ltd. | 1,925,834 | 0 | 52,488,222.43 | 0.6528 | 0.7062 | 03/31/2025 |
| 3 | Capital Research & Management Co. (World Investors) | 1,300,992 | 0 | 35,458,278.06 | 0.0037 | 0.4771 | 06/30/2025 |
| 4 | Trigon Asset Management AS | 1,177,764 | 0 | 32,099,723.44 | 3.7442 | 0.4319 | 12/31/2024 |
| 5 | Kopernik Global Investors LLC | 968,681 | -878,032 | 26,401,207.89 | 0.5124 | 0.3552 | 06/30/2025 |
| 6 | HSBC Global Asset Management (UK) Ltd. | 883,416 | -23,532 | 24,077,327.28 | 0.0154 | 0.3239 | 06/30/2025 |
| 7 | RWC Asset Advisors (US) LLC | 722,534 | 400,000 | 19,692,520.39 | 0.3634 | 0.2649 | 07/31/2025 |
| 8 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | -105,000 | 18,942,086.7 | 2.2275 | 0.2549 | 02/28/2025 |
| 9 | East Capital Financial Services AB | 625,238 | 222,338 | 17,040,737.27 | 1.4439 | 0.2293 | 06/30/2025 |
| 10 | Coeli Asset Management AB | 570,719 | 0 | 15,554,832.77 | 2.3499 | 0.2093 | 12/31/2024 |
| 11 | Franklin Templeton Investments (ME) Ltd. | 521,538 | -14,671 | 14,214,414.4 | 3.1675 | 0.1912 | 06/30/2025 |
| 12 | Ranmore Fund Management Ltd. | 499,998 | 22,374 | 13,627,345.99 | 1.7324 | 0.1833 | 04/30/2025 |
| 13 | Legal & General Investment Management Ltd. | 477,544 | -30,535 | 13,015,366.69 | 0.0045 | 0.1751 | 06/30/2025 |
| 14 | JPMorgan Asset Management (UK) Ltd. | 421,917 | -649,144 | 11,499,263.87 | 0.0077 | 0.1547 | 07/31/2025 |
| 15 | Templeton Asset Management Ltd. | 418,284 | -16,423 | 11,400,247.18 | 0.0708 | 0.1534 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Pictet - Russian Equities | 1,925,834 | 0 | 52,488,222.43 | 56.1615 | 0.7062 | 03/31/2025 |
| 2 | Schroder ISF - Frontier Markets Equity | 1,559,561 | -49,804 | 42,505,524.7 | 6.0408 | 0.5719 | 06/30/2025 |
| 3 | American Funds Insurance Series - Global Growth Fund | 1,300,992 | 0 | 35,458,278.06 | 0.4085 | 0.4771 | 06/30/2025 |
| 4 | Schroder ISF - Global Emerging Market Opportunities | 1,105,334 | -120,943 | 30,125,658.21 | 1.3808 | 0.4053 | 06/30/2025 |
| 5 | Schroder ISF - Emerging Europe | 1,093,715 | 417,329 | 29,808,984.68 | 2.6351 | 0.4011 | 06/30/2025 |
| 6 | HSBC Global Investment Funds - Frontier Markets | 883,416 | -23,532 | 24,077,327.28 | 3.1487 | 0.3239 | 06/30/2025 |
| 7 | Redwheel Next Generation Emerging Markets Equity Fund | 722,534 | 400,000 | 19,692,520.39 | 1.3874 | 0.2649 | 07/31/2025 |
| 8 | CIM Investment Fund ICAV - Dividend Income Fund | 695,000 | -105,000 | 18,942,086.7 | 2.4214 | 0.2549 | 02/28/2025 |
| 9 | TRIGON - New Europe Fund | 584,382 | 0 | 15,927,215.12 | 3.6856 | 0.2143 | 12/31/2024 |
| 10 | Trigon New Europe Fund | 584,382 | 0 | 15,927,215.12 | 3.6856 | 0.2143 | 12/31/2024 |
| 11 | Coeli SICAV I - Frontier Markets | 570,719 | 0 | 15,554,832.77 | 6.1335 | 0.2093 | 12/31/2024 |
| 12 | FTIF SICAV - Templeton Frontier Markets Fund | 521,538 | -14,671 | 14,214,414.4 | 4.5021 | 0.1912 | 06/30/2025 |
| 13 | East Capital - Global Frontier Markets Fund | 501,038 | 98,138 | 13,655,690.98 | 4.576 | 0.1837 | 06/30/2025 |
| 14 | Ranmore Global Equity Fund Plc | 499,998 | 22,374 | 13,627,345.99 | 1.7873 | 0.1833 | 04/30/2025 |
| 15 | L&G ICAV - Frontier Markets Equity Fund | 477,544 | -30,535 | 13,015,366.69 | 2.1279 | 0.1751 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | RWC Asset Advisors (US) LLC | 722,534 | 400,000 | 19,692,520.39 | 0.3634 | 0.2649 | 07/31/2025 |
| 2 | Schroder Investment Management Ltd. | 4,316,428 | 255,819 | 117,643,386.17 | 0.0827 | 1.5828 | 06/30/2025 |
| 3 | East Capital Financial Services AB | 625,238 | 222,338 | 17,040,737.27 | 1.4439 | 0.2293 | 06/30/2025 |
| 4 | FIL Investments International | 171,715 | 171,715 | 4,680,058.15 | 0.0035 | 0.063 | 06/30/2025 |
| 5 | Wellington Management Co. LLP | 127,773 | 127,773 | 3,482,427.69 | 0.0006 | 0.0469 | 07/31/2025 |
| 6 | Generali Investments CEE Investicni Spolecnost AS | 304,839 | 92,120 | 8,308,326.28 | 0.6808 | 0.1118 | 06/30/2025 |
| 7 | Thompson, Siegel & Walmsley LLC | 64,700 | 64,700 | 1,763,385.62 | 0.0135 | 0.0237 | 07/31/2025 |
| 8 | Paradice Investment Management LLC | 60,498 | 60,498 | 1,648,860.95 | 0.0608 | 0.0222 | 03/31/2025 |
| 9 | Abax Investments (Pty) Ltd. | 60,000 | 60,000 | 1,635,288.06 | 0.2064 | 0.022 | 06/30/2025 |
| 10 | Marshall Wace LLP | 27,872 | 27,872 | 759,645.81 | 0.0009 | 0.0102 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Kopernik Global Investors LLC | 968,681 | -878,032 | 26,401,207.89 | 0.5124 | 0.3552 | 06/30/2025 |
| 2 | JPMorgan Asset Management (UK) Ltd. | 421,917 | -649,144 | 11,499,263.87 | 0.0077 | 0.1547 | 07/31/2025 |
| 3 | OTP Fund Management Ltd. | 76,776 | -200,607 | 2,092,514.6 | 0.3372 | 0.0282 | 06/28/2024 |
| 4 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | -105,000 | 18,942,086.7 | 2.2275 | 0.2549 | 02/28/2025 |
| 5 | Capital Research & Management Co. (International Investors) | 412,131 | -99,854 | 11,232,548.39 | 0.0018 | 0.1511 | 06/30/2025 |
| 6 | SEI Investments Management Corp. | 235,040 | -95,471 | 6,405,968.43 | 0.0066 | 0.0862 | 07/31/2025 |
| 7 | Capital International Ltd. | 243,862 | -65,362 | 6,646,410.28 | 0.0037 | 0.0894 | 06/30/2025 |
| 8 | Harding Loevner LP | 222,852 | -63,584 | 6,073,786.91 | 0.0217 | 0.0817 | 04/30/2025 |
| 9 | Capital International Management Co. SARL | 66,719 | -41,130 | 1,818,413.07 | 0.7423 | 0.0245 | 06/30/2025 |
| 10 | Franklin Templeton Investments Poland Sp zoo | 189,898 | -36,383 | 5,175,632.2 | 3.3795 | 0.0696 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.