| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Norges Bank Investment Management | 6,220,181 | 0 | 219,883,398.35 | 0.016 | 2.3676 | 06/30/2024 |
| 2 | Baillie Gifford & Co. | 5,387,153 | -391,723 | 190,435,858.55 | 0.0997 | 2.0505 | 05/31/2025 |
| 3 | WCM Investment Management LLC | 600,673 | 600,673 | 21,233,790.55 | 0.0293 | 0.2286 | 03/31/2025 |
| 4 | Franchise Capital Ltd. | 421,321 | 67,281 | 14,893,697.35 | 7.5269 | 0.1604 | 03/31/2025 |
| 5 | Templeton Asset Management Ltd. (Hong Kong) | 276,594 | 43,411 | 9,777,597.9 | 1.4152 | 0.1053 | 03/31/2025 |
| 6 | Pzena Investment Management LLC | 190,911 | 94,366 | 6,748,703.85 | 0.0131 | 0.0727 | 01/31/2025 |
| 7 | Matthews International Capital Management LLC | 189,185 | 6,061 | 6,687,689.75 | 0.0876 | 0.072 | 05/30/2025 |
| 8 | Burgundy Asset Management Ltd. | 176,258 | 176,258 | 6,230,720.3 | 0.0412 | 0.0671 | 04/30/2025 |
| 9 | Skerryvore Asset Management Ltd. | 68,217 | 20,952 | 2,411,470.95 | 0.2029 | 0.026 | 04/30/2025 |
| 10 | Sands Capital Management LLC | 54,573 | 54,573 | 1,929,155.55 | 0.0043 | 0.0208 | 01/31/2025 |
| 11 | DSM Capital Partners LLC | 52,800 | 0 | 1,866,480 | 0.0255 | 0.0201 | 09/30/2024 |
| 12 | Allianz Global Investors Asia Pacific Ltd. | 32,681 | -2,046 | 1,155,273.35 | 0.012 | 0.0124 | 04/30/2025 |
| 13 | Clough Capital Partners LP | 16,380 | 16,380 | 579,033 | 0.0629 | 0.0062 | 05/30/2025 |
| 14 | F.N.B. Investment Advisors, Inc. | 15,965 | 0 | 564,362.75 | 0.0218 | 0.0061 | 03/31/2025 |
| 15 | MSA Power Funds LLC | 15,306 | 5,341 | 541,067.1 | 5.5818 | 0.0058 | 05/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 6,220,181 | 0 | 219,883,398.35 | 0.0162 | 2.3676 | 06/30/2024 |
| 2 | Baillie Gifford Overseas Growth Fund - Pacific Fund | 1,968,593 | -453,499 | 69,589,762.55 | 2.0521 | 0.7493 | 05/31/2025 |
| 3 | Baillie Gifford Emerging Markets Equities Fund | 1,873,915 | 0 | 66,242,895.25 | 1.1525 | 0.7133 | 03/31/2025 |
| 4 | Pacific Horizon Investment Trust Plc | 520,900 | 0 | 18,413,815 | 2.1313 | 0.1983 | 03/31/2025 |
| 5 | Baillie Gifford Overseas Growth Fund - Emer. Mkts. Leading Co. | 420,942 | 104,260 | 14,880,299.7 | 1.9348 | 0.1602 | 05/31/2025 |
| 6 | WCM Focused Emerging Markets Fund | 415,220 | 415,220 | 14,678,027 | 1.6938 | 0.158 | 03/31/2025 |
| 7 | Baillie Gifford Overseas Growth Funds ICVC - EM. Growth | 204,746 | -54,946 | 7,237,771.1 | 1.153 | 0.0779 | 05/31/2025 |
| 8 | Burgundy Emerging Markets Equity Fund | 176,258 | 176,258 | 6,230,720.3 | 2.1515 | 0.0671 | 04/30/2025 |
| 9 | JNL Multi-Manager Emerging Markets Equity Fund | 163,771 | 163,771 | 5,789,304.85 | 0.4541 | 0.0623 | 03/31/2025 |
| 10 | Templeton Dragon Fund Inc. | 150,516 | 44,011 | 5,320,740.6 | 1.8321 | 0.0573 | 03/31/2025 |
| 11 | Baillie Gifford Worldwide Funds Plc - EM Leading Cos. Fund | 133,107 | 36,637 | 4,705,332.45 | 1.8957 | 0.0507 | 05/31/2025 |
| 12 | FTIF SICAV - China Fund | 124,478 | 0 | 4,400,297.3 | 1.3982 | 0.0474 | 12/31/2024 |
| 13 | Baillie Gifford Overseas Growth Fund - China Fund | 100,856 | -5,009 | 3,565,259.6 | 1.202 | 0.0384 | 05/31/2025 |
| 14 | Vanguard Emerging Markets Select Stock Fund | 96,545 | 0 | 3,412,865.75 | 0.413 | 0.0367 | 01/31/2025 |
| 15 | Vanguard Invt. Fds. ICVC - Global Emerging Markets Fund | 94,366 | 94,366 | 3,335,838.1 | 0.5769 | 0.0359 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | WCM Investment Management LLC | 600,673 | 600,673 | 21,233,790.55 | 0.0293 | 0.2286 | 03/31/2025 |
| 2 | Burgundy Asset Management Ltd. | 176,258 | 176,258 | 6,230,720.3 | 0.0412 | 0.0671 | 04/30/2025 |
| 3 | Pzena Investment Management LLC | 190,911 | 94,366 | 6,748,703.85 | 0.0131 | 0.0727 | 01/31/2025 |
| 4 | Franchise Capital Ltd. | 421,321 | 67,281 | 14,893,697.35 | 7.5269 | 0.1604 | 03/31/2025 |
| 5 | Sands Capital Management LLC | 54,573 | 54,573 | 1,929,155.55 | 0.0043 | 0.0208 | 01/31/2025 |
| 6 | Templeton Asset Management Ltd. (Hong Kong) | 276,594 | 43,411 | 9,777,597.9 | 1.4152 | 0.1053 | 03/31/2025 |
| 7 | Skerryvore Asset Management Ltd. | 68,217 | 20,952 | 2,411,470.95 | 0.2029 | 0.026 | 04/30/2025 |
| 8 | Clough Capital Partners LP | 16,380 | 16,380 | 579,033 | 0.0629 | 0.0062 | 05/30/2025 |
| 9 | Kingswood Wealth Advisors LLC | 12,600 | 12,600 | 445,410 | 0.0162 | 0.0048 | 03/31/2025 |
| 10 | Causeway Capital Management LLC | 10,570 | 10,570 | 373,649.5 | 0.001 | 0.004 | 05/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 5,387,153 | -391,723 | 190,435,858.55 | 0.0997 | 2.0505 | 05/31/2025 |
| 2 | Quaero Capital LLP | 0 | -82,270 | 0 | 0 | 0 | |
| 3 | Fideuram Asset Management (Ireland) DAC | 0 | -24,177 | 0 | 0 | 0 | |
| 4 | Morgan Stanley Investment Management Co. | 1,945 | -23,275 | 68,755.75 | 0.0007 | 0.0007 | 06/30/2023 |
| 5 | Allianz Global Investors Asia Pacific Ltd. | 32,681 | -2,046 | 1,155,273.35 | 0.012 | 0.0124 | 04/30/2025 |
| 6 | MFA Wealth Advisors LLC | 0 | -1,500 | 0 | 0 | 0 | |
| 7 | RhumbLine Advisers LP | 1,567 | -453 | 55,393.45 | 0 | 0.0006 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.