| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 4,177,176 | 286,318 | 100,348,716.77 | 0.0461 | 1.5317 | 04/30/2025 |
| 2 | Pictet Asset Management Ltd. | 1,925,834 | 0 | 46,264,502.77 | 0.6001 | 0.7062 | 03/31/2025 |
| 3 | Trigon Asset Management AS | 1,474,376 | -159,406 | 35,419,082.09 | 4.2839 | 0.5406 | 12/31/2024 |
| 4 | Capital Research & Management Co. (World Investors) | 1,300,992 | 410,663 | 31,253,860.92 | 0.0034 | 0.4771 | 03/31/2025 |
| 5 | Kopernik Global Investors LLC | 968,681 | -906,942 | 23,270,720.53 | 0.3886 | 0.3552 | 04/30/2025 |
| 6 | HSBC Global Asset Management (UK) Ltd. | 906,948 | 0 | 21,787,702.5 | 0.0145 | 0.3326 | 03/31/2025 |
| 7 | RWC Asset Advisors (US) LLC | 722,534 | 400,000 | 17,357,506.54 | 0.3631 | 0.2649 | 05/30/2025 |
| 8 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | -105,000 | 16,696,054.5 | 2.1499 | 0.2549 | 02/28/2025 |
| 9 | East Capital Financial Services AB | 662,100 | 259,200 | 15,905,694.51 | 1.437 | 0.2428 | 04/30/2025 |
| 10 | Coeli Asset Management AB | 578,219 | 0 | 13,890,612.86 | 2.2861 | 0.212 | 07/25/2024 |
| 11 | Franklin Templeton Investments (Asia) Ltd. | 536,209 | 0 | 12,881,402.43 | 2.0156 | 0.1966 | 03/31/2025 |
| 12 | Capital Research & Management Co. (International Investors) | 511,985 | -43,938 | 12,299,466.85 | 0.0021 | 0.1877 | 03/31/2025 |
| 13 | Ranmore Fund Management Ltd. | 477,624 | 477,624 | 11,474,009.11 | 1.9314 | 0.1751 | 01/31/2025 |
| 14 | Legal & General Investment Management Ltd. | 477,544 | -1,629 | 11,472,087.27 | 0.004 | 0.1751 | 04/30/2025 |
| 15 | JPMorgan Asset Management (UK) Ltd. | 447,532 | -738,104 | 10,751,105.99 | 0.0075 | 0.1641 | 05/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Pictet - Russian Equities | 1,925,834 | 0 | 46,264,502.77 | 53.0339 | 0.7062 | 03/31/2025 |
| 2 | Schroder ISF - Frontier Markets Equity | 1,559,561 | -71,139 | 37,465,489.86 | 6.0717 | 0.5719 | 04/30/2025 |
| 3 | American Funds Insurance Series - Global Growth Fund | 1,300,992 | 410,663 | 31,253,860.92 | 0.3671 | 0.4771 | 03/31/2025 |
| 4 | Schroder ISF - Global Emerging Market Opportunities | 1,105,334 | -120,943 | 26,553,549.22 | 1.301 | 0.4053 | 04/30/2025 |
| 5 | Schroder ISF - Emerging Europe | 1,054,139 | 367,802 | 25,323,686.61 | 2.1333 | 0.3865 | 04/30/2025 |
| 6 | HSBC GIF - Frontier Markets Fund | 906,948 | 0 | 21,787,702.5 | 3.2213 | 0.3326 | 03/31/2025 |
| 7 | Trigon New Europe Fund | 872,528 | 0 | 20,960,827.4 | 4.8599 | 0.32 | 06/30/2023 |
| 8 | Redwheel Next Generation Emerging Markets Equity Fund | 722,534 | 400,000 | 17,357,506.54 | 1.5486 | 0.2649 | 05/30/2025 |
| 9 | CIM Investment Fund ICAV - Dividend Income Fund | 695,000 | -105,000 | 16,696,054.5 | 2.3385 | 0.2549 | 02/28/2025 |
| 10 | East Capital - Global Frontier Markets Fund | 605,900 | 203,000 | 14,555,596.29 | 5.0531 | 0.2222 | 04/30/2025 |
| 11 | TRIGON - New Europe Fund | 584,382 | -159,406 | 14,038,667.22 | 3.4145 | 0.2143 | 12/31/2024 |
| 12 | Coeli SICAV I - Frontier Markets | 578,219 | 0 | 13,890,612.86 | 6.3767 | 0.212 | 07/25/2024 |
| 13 | FTIF SICAV - Templeton Frontier Markets Fund | 536,209 | 0 | 12,881,402.43 | 4.2172 | 0.1966 | 03/31/2025 |
| 14 | American Funds Developing World Growth & Income Fund | 511,985 | -43,938 | 12,299,466.85 | 0.6357 | 0.1877 | 03/31/2025 |
| 15 | Ranmore Global Equity Fund Plc | 477,624 | 477,624 | 11,474,009.11 | 2.0778 | 0.1751 | 01/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Ranmore Fund Management Ltd. | 477,624 | 477,624 | 11,474,009.11 | 1.9314 | 0.1751 | 01/31/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 1,300,992 | 410,663 | 31,253,860.92 | 0.0034 | 0.4771 | 03/31/2025 |
| 3 | RWC Asset Advisors (US) LLC | 722,534 | 400,000 | 17,357,506.54 | 0.3631 | 0.2649 | 05/30/2025 |
| 4 | Schroder Investment Management Ltd. | 4,177,176 | 286,318 | 100,348,716.77 | 0.0461 | 1.5317 | 04/30/2025 |
| 5 | East Capital Financial Services AB | 662,100 | 259,200 | 15,905,694.51 | 1.437 | 0.2428 | 04/30/2025 |
| 6 | Generali Investments CEE Investicni Spolecnost AS | 226,987 | 219,959 | 5,452,931.4 | 0.4854 | 0.0832 | 03/31/2025 |
| 7 | Wellington Management Co. LLP | 185,973 | 185,973 | 4,467,647.98 | 0.0008 | 0.0682 | 05/31/2025 |
| 8 | FIL Investments International | 110,954 | 110,954 | 2,665,459.04 | 0.002 | 0.0407 | 04/30/2025 |
| 9 | S-Bank Fund Management Ltd. | 100,000 | 100,000 | 2,402,310 | 0.1039 | 0.0367 | 12/31/2024 |
| 10 | Abax Investments (Pty) Ltd. | 60,000 | 60,000 | 1,441,386 | 0.1972 | 0.022 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Kopernik Global Investors LLC | 968,681 | -906,942 | 23,270,720.53 | 0.3886 | 0.3552 | 04/30/2025 |
| 2 | JPMorgan Asset Management (UK) Ltd. | 447,532 | -738,104 | 10,751,105.99 | 0.0075 | 0.1641 | 05/31/2025 |
| 3 | Fiera Capital (UK) Ltd. | 0 | -379,755 | 0 | 0 | 0 | |
| 4 | Swedbank Robur Fonder AB | 0 | -258,947 | 0 | 0 | 0 | |
| 5 | Trigon Asset Management AS | 1,474,376 | -159,406 | 35,419,082.09 | 4.2839 | 0.5406 | 12/31/2024 |
| 6 | BlackRock Investment Management (UK) Ltd. | 271,549 | -120,734 | 6,523,448.78 | 0.0009 | 0.0996 | 05/30/2025 |
| 7 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | -105,000 | 16,696,054.5 | 2.1499 | 0.2549 | 02/28/2025 |
| 8 | Harding Loevner LP | 222,852 | -61,407 | 5,353,595.88 | 0.0192 | 0.0817 | 04/30/2025 |
| 9 | Capital Research & Management Co. (International Investors) | 511,985 | -43,938 | 12,299,466.85 | 0.0021 | 0.1877 | 03/31/2025 |
| 10 | Ashmore Investment Management Ltd. | 306,067 | -40,596 | 7,352,678.15 | 1.2064 | 0.1122 | 04/30/2025 |
Data provided by FactSet Research Systems Inc.