| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 1,102,407 | -104,196 | 78,513,426.54 | 4.3237 | 2.0213 | 06/30/2025 |
| 2 | Global X Management Co. LLC | 603,127 | 94,752 | 42,954,704.94 | 0.0668 | 1.1058 | 06/30/2025 |
| 3 | Helikon Investments Ltd. | 492,578 | 49,709 | 35,081,405.16 | 0.7054 | 0.9031 | 06/30/2025 |
| 4 | Millennium Management LLC | 359,769 | 272,089 | 25,622,748.18 | 0.0224 | 0.6596 | 06/30/2025 |
| 5 | Itau USA Asset Management, Inc. | 304,174 | 286,688 | 21,663,272.28 | 0.495 | 0.5577 | 06/30/2025 |
| 6 | VR Advisory Services (USA) LLC | 272,013 | 0 | 19,372,765.86 | 4.9365 | 0.4987 | 06/30/2025 |
| 7 | JPMorgan Asset Management (Canada) Inc. | 137,149 | -9,838 | 9,767,751.78 | 0.1064 | 0.2515 | 06/30/2025 |
| 8 | Voloridge Investment Management LLC | 118,614 | 65,425 | 8,447,689.08 | 0.0306 | 0.2175 | 06/30/2025 |
| 9 | Balyasny Asset Management LP | 103,216 | 5,917 | 7,351,043.52 | 0.0165 | 0.1892 | 06/30/2025 |
| 10 | JPMorgan Investment Management, Inc. | 99,688 | -113,334 | 7,099,779.36 | 0.0008 | 0.1828 | 06/30/2025 |
| 11 | Banco BTG Pactual SA (Investment Management) | 93,583 | 88,483 | 6,664,981.26 | 1.2601 | 0.1716 | 06/30/2025 |
| 12 | William Blair Investment Management LLC | 89,640 | -110,438 | 6,384,160.8 | 0.0143 | 0.1644 | 06/30/2025 |
| 13 | Ping Capital Management, Inc. | 76,200 | 68,300 | 5,426,964 | 3.0813 | 0.1397 | 06/30/2025 |
| 14 | Ayalon Mutual Funds Ltd. | 73,595 | 44,085 | 5,241,435.9 | 0.3851 | 0.1349 | 05/29/2025 |
| 15 | Glenorchy Capital Ltd. | 70,039 | -2,753 | 4,988,177.58 | 3.6453 | 0.1284 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 556,923 | -32,236 | 39,664,056.06 | 4.3697 | 1.0211 | 07/31/2025 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 253,809 | -49,113 | 18,076,276.98 | 2.2999 | 0.4654 | 05/31/2025 |
| 3 | DWS Invest - Latin American Equities | 140,446 | 58,020 | 10,002,564.12 | 0.592 | 0.2575 | 06/30/2025 |
| 4 | TT International Funds Plc - Emerging Markets Equity Fund | 72,426 | -312 | 5,158,179.72 | 2.4403 | 0.1328 | 05/31/2025 |
| 5 | Highland Global Allocation Fund | 67,700 | 0 | 4,821,594 | 2.0155 | 0.1241 | 03/31/2025 |
| 6 | Eaton Vance Emerging & Frontier Countries Equity Fund | 61,669 | 7,300 | 4,392,066.18 | 0.214 | 0.1131 | 06/30/2025 |
| 7 | Eaton Vance Global Macro Capital Opportunities Portfolio | 54,869 | 54,869 | 3,907,770.18 | 0.2205 | 0.1006 | 04/30/2025 |
| 8 | Ayalon Zvulun 4D Global Stocks | 49,210 | 19,700 | 3,504,736.2 | 7.7186 | 0.0902 | 05/29/2025 |
| 9 | AZ Equity - Emerging Latin America | 27,886 | 0 | 1,986,040.92 | 5.2818 | 0.0511 | 12/30/2024 |
| 10 | Avantage Fund, FI | 26,888 | 26,888 | 1,914,963.36 | 1.5784 | 0.0493 | 06/30/2025 |
| 11 | DWS Latin America Equity Fund | 26,327 | 7,532 | 1,875,008.94 | 0.6875 | 0.0483 | 06/30/2025 |
| 12 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 24,385 | 24,385 | 1,736,699.7 | 6.1214 | 0.0447 | 05/29/2025 |
| 13 | Driehaus Mutual Funds - Emerging Markets Small Cap Growth Fund | 21,253 | 3,156 | 1,513,638.66 | 1.1646 | 0.039 | 06/30/2025 |
| 14 | Kairos International SICAV - Pegasus UCITS | 20,500 | 0 | 1,460,010 | 1.2354 | 0.0376 | 06/30/2024 |
| 15 | AdvisorShares Dorsey Wright ADR ETF | 18,478 | 6,234 | 1,316,003.16 | 3.053 | 0.0339 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Itau USA Asset Management, Inc. | 304,174 | 286,688 | 21,663,272.28 | 0.495 | 0.5577 | 06/30/2025 |
| 2 | Millennium Management LLC | 359,769 | 272,089 | 25,622,748.18 | 0.0224 | 0.6596 | 06/30/2025 |
| 3 | Global X Management Co. LLC | 603,127 | 94,752 | 42,954,704.94 | 0.0668 | 1.1058 | 06/30/2025 |
| 4 | Banco BTG Pactual SA (Investment Management) | 93,583 | 88,483 | 6,664,981.26 | 1.2601 | 0.1716 | 06/30/2025 |
| 5 | Ping Capital Management, Inc. | 76,200 | 68,300 | 5,426,964 | 3.0813 | 0.1397 | 06/30/2025 |
| 6 | Voloridge Investment Management LLC | 118,614 | 65,425 | 8,447,689.08 | 0.0306 | 0.2175 | 06/30/2025 |
| 7 | Cubist Systematic Strategies LLC | 58,577 | 58,577 | 4,171,853.94 | 0.0442 | 0.1074 | 06/30/2025 |
| 8 | Helikon Investments Ltd. | 492,578 | 49,709 | 35,081,405.16 | 0.7054 | 0.9031 | 06/30/2025 |
| 9 | JPMorgan Securities LLC (Investment Management) | 46,491 | 46,316 | 3,311,089.02 | 0.0018 | 0.0852 | 06/30/2025 |
| 10 | Ayalon Mutual Funds Ltd. | 73,595 | 44,085 | 5,241,435.9 | 0.3851 | 0.1349 | 05/29/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Brevan Howard Asset Management LLP | 38,803 | -219,545 | 2,763,549.66 | 0.0312 | 0.0711 | 06/30/2025 |
| 2 | Discovery Capital Management LLC | 0 | -152,207 | 0 | 0 | 0 | |
| 3 | Oaktree Capital Management LP | 0 | -131,086 | 0 | 0 | 0 | |
| 4 | JPMorgan Investment Management, Inc. | 99,688 | -113,334 | 7,099,779.36 | 0.0008 | 0.1828 | 06/30/2025 |
| 5 | William Blair Investment Management LLC | 89,640 | -110,438 | 6,384,160.8 | 0.0143 | 0.1644 | 06/30/2025 |
| 6 | TT International Asset Management Ltd. | 1,102,407 | -104,196 | 78,513,426.54 | 4.3237 | 2.0213 | 06/30/2025 |
| 7 | UBS Securities LLC | 14,457 | -96,109 | 1,029,627.54 | 0.0005 | 0.0265 | 06/30/2025 |
| 8 | Candriam Belgium SA | 0 | -91,400 | 0 | 0 | 0 | |
| 9 | Alberta Investment Management Corp. | 0 | -80,131 | 0 | 0 | 0 | |
| 10 | Two Sigma Investments LP | 0 | -80,034 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.