| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Asset Management (Pty) Ltd. | 1,718,812 | 1,718,812 | 17,275,779.41 | 0.7236 | 0.6355 | 05/31/2025 |
| 2 | Orbis Investment Management Ltd. | 1,227,568 | -5,659,686 | 12,338,285.97 | 0.0371 | 0.4539 | 12/31/2023 |
| 3 | The Vanguard Group, Inc. | 1,080,152 | 194,156 | 10,856,607.75 | 0.0002 | 0.3994 | 05/31/2025 |
| 4 | Amundi SGR SpA | 700,000 | 0 | 7,035,700 | 0.0691 | 0.2588 | 03/31/2025 |
| 5 | Dimensional Fund Advisors LP | 373,154 | -208,465 | 3,750,570.85 | 0.0006 | 0.138 | 05/30/2025 |
| 6 | American Century Investment Management, Inc. | 266,067 | -37,959 | 2,674,239.42 | 0.0012 | 0.0984 | 05/30/2025 |
| 7 | Banchile Administradora General de Fondos SA | 99,231 | 0 | 997,370.78 | 0.122 | 0.0367 | 12/31/2023 |
| 8 | Vanguard Fiduciary Trust Co. | 96,376 | -176,492 | 968,675.18 | 0.001 | 0.0356 | 04/30/2025 |
| 9 | Bestinver Gestion SA SGIIC | 93,806 | 0 | 942,844.11 | 0.0243 | 0.0347 | 06/30/2024 |
| 10 | Barometer Capital Management, Inc. | 40,200 | 40,200 | 404,050.2 | 0.1291 | 0.0149 | 03/31/2025 |
| 11 | Royal London Asset Management Ltd. | 27,435 | -34,681 | 275,749.18 | 0.0003 | 0.0101 | 05/31/2025 |
| 12 | Ballentine Partners LLC | 22,426 | 22,426 | 225,403.73 | 0.0036 | 0.0083 | 03/31/2025 |
| 13 | Laird Norton Wetherby Wealth Management LLC | 20,989 | 8,234 | 210,960.44 | 0.0096 | 0.0078 | 12/31/2024 |
| 14 | Generali Investments CEE Investicni Spolecnost AS | 20,692 | 8,800 | 207,975.29 | 0.0185 | 0.0077 | 03/31/2025 |
| 15 | Steinbeis & Hacker Vermogensverwaltung GmbH | 20,000 | 0 | 201,020 | 0.1826 | 0.0074 | 10/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Instl. Funds Ltd. - Institutional Global Equity Fund | 1,227,568 | 0 | 12,338,285.97 | 0.6519 | 0.4539 | 12/31/2023 |
| 2 | PSG Flexible Fund | 948,950 | 948,950 | 9,537,896.45 | 1.1076 | 0.3509 | 05/31/2025 |
| 3 | PSG Equity Fund | 769,862 | 769,862 | 7,737,882.96 | 1.2333 | 0.2847 | 05/31/2025 |
| 4 | Vanguard Total International Stock Index Fund | 458,531 | 4,747 | 4,608,695.08 | 0.0009 | 0.1695 | 05/31/2025 |
| 5 | Vanguard Emerging Markets Stock Index Fund | 321,137 | 0 | 3,227,747.99 | 0.0025 | 0.1187 | 05/31/2025 |
| 6 | Avantis Emerging Markets Equity ETF | 260,619 | 0 | 2,619,481.57 | 0.0248 | 0.0964 | 05/30/2025 |
| 7 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 176,492 | 0 | 1,773,921.09 | 0.0007 | 0.0653 | 04/30/2025 |
| 8 | Vanguard FTSE All World (ex-US) Index Fund | 123,992 | 12,917 | 1,246,243.59 | 0.0018 | 0.0458 | 05/31/2025 |
| 9 | DFA Emerging Markets Core Equity 2 Portfolio | 112,571 | 0 | 1,131,451.12 | 0.0036 | 0.0416 | 02/28/2025 |
| 10 | Forum One - BAM Latam Equity | 99,231 | 0 | 997,370.78 | 1.7982 | 0.0367 | 12/31/2023 |
| 11 | Vanguard Institutional Total Intl. Stock Market Index Trust | 96,376 | 0 | 968,675.18 | 0.0026 | 0.0356 | 04/30/2025 |
| 12 | Bestinver SICAV - Latin America | 93,806 | 0 | 942,844.11 | 2.6757 | 0.0347 | 06/30/2024 |
| 13 | DFA Emerging Markets Small Cap Portfolio | 76,584 | 0 | 769,745.78 | 0.0193 | 0.0283 | 02/28/2025 |
| 14 | DFA Emerging Markets Small Cap Series (The) | 76,584 | -9,849 | 769,745.78 | 0.0196 | 0.0283 | 01/31/2025 |
| 15 | Dimensional Emerging Core Equity Market ETF | 58,725 | 0 | 590,244.98 | 0.0098 | 0.0217 | 05/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | PSG Asset Management (Pty) Ltd. | 1,718,812 | 1,718,812 | 17,275,779.41 | 0.7236 | 0.6355 | 05/31/2025 |
| 2 | The Vanguard Group, Inc. | 1,080,152 | 194,156 | 10,856,607.75 | 0.0002 | 0.3994 | 05/31/2025 |
| 3 | Barometer Capital Management, Inc. | 40,200 | 40,200 | 404,050.2 | 0.1291 | 0.0149 | 03/31/2025 |
| 4 | Ballentine Partners LLC | 22,426 | 22,426 | 225,403.73 | 0.0036 | 0.0083 | 03/31/2025 |
| 5 | GAMMA Investing LLC | 10,374 | 10,301 | 104,269.07 | 0.0072 | 0.0038 | 03/31/2025 |
| 6 | Generali Investments CEE Investicni Spolecnost AS | 20,692 | 8,800 | 207,975.29 | 0.0185 | 0.0077 | 03/31/2025 |
| 7 | Laird Norton Wetherby Wealth Management LLC | 20,989 | 8,234 | 210,960.44 | 0.0096 | 0.0078 | 12/31/2024 |
| 8 | Confluence Investment Management LLC | 13,154 | 1,632 | 132,210.85 | 0.0019 | 0.0049 | 03/31/2025 |
| 9 | SVB Wealth LLC | 445 | 445 | 4,472.7 | 0.0002 | 0.0002 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Orbis Investment Management Ltd. | 1,227,568 | -5,659,686 | 12,338,285.97 | 0.0371 | 0.4539 | 12/31/2023 |
| 2 | Coronation Asset Management (Pty) Ltd. | 0 | -3,468,161 | 0 | 0 | 0 | |
| 3 | Coronation International Ltd. | 0 | -3,422,597 | 0 | 0 | 0 | |
| 4 | Soapstone Management LP | 0 | -1,350,000 | 0 | 0 | 0 | |
| 5 | Antipodes Partners Ltd. | 3,682 | -1,141,067 | 37,007.78 | 0.001 | 0.0014 | 12/31/2024 |
| 6 | Parametric Portfolio Associates LLC | 0 | -411,553 | 0 | 0 | 0 | |
| 7 | Aperio Group LLC | 0 | -408,264 | 0 | 0 | 0 | |
| 8 | Dimensional Fund Advisors LP | 373,154 | -208,465 | 3,750,570.85 | 0.0006 | 0.138 | 05/30/2025 |
| 9 | BTG Pactual Asset Management US LLC | 0 | -206,870 | 0 | 0 | 0 | |
| 10 | Macquarie Investment Management Business Trust | 0 | -200,721 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.