| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 5,031,214 | 539,710 | 473,286,300.98 | 0.24 | 2.6478 | 06/30/2025 |
| 2 | FIL Investments International | 2,710,773 | -536,289 | 255,002,416.11 | 0.1905 | 1.4266 | 06/30/2025 |
| 3 | Sands Capital Management LLC | 1,682,013 | 240,527 | 158,226,962.91 | 0.3608 | 0.8852 | 06/30/2025 |
| 4 | Pzena Investment Management LLC | 1,680,646 | 553,942 | 158,098,369.22 | 0.2794 | 0.8845 | 06/30/2025 |
| 5 | GQG Partners LLC | 1,476,651 | -113,623 | 138,908,559.57 | 0.108 | 0.7771 | 06/30/2025 |
| 6 | Schroder Investment Management North America, Inc. | 1,389,030 | 1,389,030 | 130,666,052.1 | 0.1413 | 0.731 | 06/30/2025 |
| 7 | Fidelity Management & Research Co. LLC | 1,290,231 | 306,211 | 121,372,030.17 | 0.0071 | 0.679 | 06/30/2025 |
| 8 | Southpoint Capital Advisors LP | 1,250,000 | 0 | 117,587,500 | 2.6185 | 0.6578 | 06/30/2025 |
| 9 | Strategic Advisers LLC | 1,157,804 | 252,160 | 108,914,622.28 | 0.0374 | 0.6093 | 06/30/2025 |
| 10 | Greenvale Capital LLP | 1,150,000 | -50,000 | 108,180,500 | 6.8418 | 0.6052 | 06/30/2025 |
| 11 | Fidelity Management & Research (Hong Kong) Ltd. | 1,140,700 | 306,100 | 107,305,649 | 0.8838 | 0.6003 | 06/30/2025 |
| 12 | Schroder Investment Management Ltd. | 1,117,305 | -76,522 | 105,104,881.35 | 0.0741 | 0.588 | 06/30/2025 |
| 13 | BlackRock Investment Management (UK) Ltd. | 1,082,309 | -1,351,385 | 101,812,807.63 | 0.0137 | 0.5696 | 06/30/2025 |
| 14 | VR Advisory Services (USA) LLC | 1,077,369 | 241,206 | 101,348,101.83 | 25.7456 | 0.567 | 06/30/2025 |
| 15 | Samlyn Capital LLC | 1,013,302 | -146,573 | 95,321,319.14 | 1.3552 | 0.5333 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Strategic Advisers Fidelity Emerging Markets Fund | 1,157,804 | 252,160 | 108,914,622.28 | 0.3887 | 0.6093 | 06/30/2025 |
| 2 | Fidelity Emerging Markets Fund | 1,140,700 | 306,100 | 107,305,649 | 1.2854 | 0.6003 | 06/30/2025 |
| 3 | GQG Partners Emerging Markets Equity Fund | 1,027,119 | 137,207 | 96,621,084.33 | 0.419 | 0.5405 | 03/31/2025 |
| 4 | Fidelity Funds SICAV - Emerging Markets Fund | 899,106 | -254,506 | 84,578,901.42 | 2.5946 | 0.4732 | 06/30/2025 |
| 5 | Fidelity Institutional Funds - Emerging Markets Fund | 636,232 | -12,544 | 59,850,344.24 | 3.4217 | 0.3348 | 02/28/2025 |
| 6 | Baillie Gifford Overseas Growth Fund - Pacific Fund | 534,161 | -253,167 | 50,248,525.27 | 1.4091 | 0.2811 | 07/31/2025 |
| 7 | Polar Capital Funds Plc - Emerging Market Stars Fund | 525,807 | 525,807 | 49,462,664.49 | 1.438 | 0.2767 | 06/30/2025 |
| 8 | BlackRock Emerging Markets Fund, Inc. | 518,378 | -43,443 | 48,763,818.46 | 1.173 | 0.2728 | 04/30/2025 |
| 9 | American Funds New World Fund | 409,779 | 409,779 | 38,547,910.53 | 0.0578 | 0.2157 | 06/30/2025 |
| 10 | Baillie Gifford Emerging Markets Equities Fund | 381,085 | -17,043 | 35,848,665.95 | 0.5811 | 0.2006 | 06/30/2025 |
| 11 | Advisors Series Tr. - Pzena Emerging Markets Value Fund | 379,408 | 150,884 | 35,690,910.56 | 1.337 | 0.1997 | 05/31/2025 |
| 12 | BIT Global Technology Leaders | 373,327 | 0 | 35,118,870.89 | 4.5814 | 0.1965 | 06/30/2024 |
| 13 | Schroder ISF - Frontier Markets Equity | 372,045 | 0 | 34,998,273.15 | 4.9613 | 0.1958 | 06/30/2025 |
| 14 | Schroder ISF - Emerging Europe | 367,873 | 104,102 | 34,605,813.11 | 2.9506 | 0.1936 | 06/30/2025 |
| 15 | L&G ICAV - Frontier Markets Equity Fund | 348,296 | -13,469 | 32,764,204.72 | 5.4059 | 0.1833 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management North America, Inc. | 1,389,030 | 1,389,030 | 130,666,052.1 | 0.1413 | 0.731 | 06/30/2025 |
| 2 | Polar Capital LLP | 587,774 | 587,774 | 55,291,900.18 | 0.1703 | 0.3093 | 06/30/2025 |
| 3 | Pzena Investment Management LLC | 1,680,646 | 553,942 | 158,098,369.22 | 0.2794 | 0.8845 | 06/30/2025 |
| 4 | Baillie Gifford & Co. | 5,031,214 | 539,710 | 473,286,300.98 | 0.24 | 2.6478 | 06/30/2025 |
| 5 | Capital Research & Management Co. (World Investors) | 444,480 | 444,480 | 41,812,233.6 | 0.0044 | 0.2339 | 06/30/2025 |
| 6 | Fidelity Management & Research Co. LLC | 1,290,231 | 306,211 | 121,372,030.17 | 0.0071 | 0.679 | 06/30/2025 |
| 7 | Fidelity Management & Research (Hong Kong) Ltd. | 1,140,700 | 306,100 | 107,305,649 | 0.8838 | 0.6003 | 06/30/2025 |
| 8 | Strategic Advisers LLC | 1,157,804 | 252,160 | 108,914,622.28 | 0.0374 | 0.6093 | 06/30/2025 |
| 9 | Coronation Asset Management (Pty) Ltd. | 516,697 | 247,722 | 48,605,686.79 | 0.3532 | 0.2719 | 06/30/2025 |
| 10 | VR Advisory Services (USA) LLC | 1,077,369 | 241,206 | 101,348,101.83 | 25.7456 | 0.567 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Investment Management (UK) Ltd. | 1,082,309 | -1,351,385 | 101,812,807.63 | 0.0137 | 0.5696 | 06/30/2025 |
| 2 | BlackRock Advisors LLC | 396,773 | -692,146 | 37,324,436.11 | 0.0169 | 0.2088 | 06/30/2025 |
| 3 | FIL Investments International | 2,710,773 | -536,289 | 255,002,416.11 | 0.1905 | 1.4266 | 06/30/2025 |
| 4 | BIT Capital GmbH | 814,163 | -393,519 | 76,588,313.41 | 4.2747 | 0.4285 | 06/30/2025 |
| 5 | abrdn Investments Ltd. | 542,846 | -296,061 | 51,065,523.22 | 0.1245 | 0.2857 | 06/30/2025 |
| 6 | Luxor Capital Group LP | 214,165 | -279,610 | 20,146,501.55 | 1.863 | 0.1127 | 06/30/2025 |
| 7 | BofA Securities, Inc. | 9 | -235,985 | 846.63 | 0 | 0 | 06/30/2025 |
| 8 | Tekne Capital Management LLC | 0 | -224,500 | 0 | 0 | 0 | |
| 9 | Cat Rock Capital Management LP | 828,511 | -196,300 | 77,938,029.77 | 9.1095 | 0.436 | 06/30/2025 |
| 10 | Ninety One UK Ltd. | 429,610 | -164,424 | 40,413,412.7 | 0.0707 | 0.2261 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.