| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 9,230,909 | 7,868,553 | 400,529,141.51 | 0.2043 | 6.4634 | 06/30/2025 |
| 2 | Manning & Napier Advisors LLC | 2,980,555 | -330,636 | 129,326,281.45 | 1.4489 | 2.0869 | 06/30/2025 |
| 3 | Grantham, Mayo, Van Otterloo & Co. LLC | 2,000,690 | -1,302,207 | 86,809,939.1 | 0.1855 | 1.4009 | 06/30/2025 |
| 4 | Kopernik Global Investors LLC | 1,842,113 | 379,545 | 79,929,283.07 | 1.5348 | 1.2898 | 06/30/2025 |
| 5 | Global X Management Co. LLC | 1,460,104 | 1,096 | 63,353,912.56 | 0.0968 | 1.0223 | 06/30/2025 |
| 6 | Lazard Asset Management LLC | 1,433,749 | -531,892 | 62,210,369.11 | 0.0525 | 1.0039 | 06/30/2025 |
| 7 | Robeco Schweiz AG | 1,107,900 | -57,700 | 48,071,781 | 0.5352 | 0.7757 | 06/30/2025 |
| 8 | EARNEST Partners LLC | 1,050,684 | -20,655 | 45,589,178.76 | 0.1813 | 0.7357 | 06/30/2025 |
| 9 | Macquarie Investment Management Business Trust | 1,034,950 | -7,371 | 44,906,480.5 | 0.0476 | 0.7247 | 06/30/2025 |
| 10 | Van Eck Associates Corp. | 1,032,263 | 227,350 | 44,789,891.57 | 0.0393 | 0.7228 | 06/30/2025 |
| 11 | BlackRock Investment Management (UK) Ltd. | 923,447 | -18,329 | 40,068,365.33 | 0.0054 | 0.6466 | 06/30/2025 |
| 12 | Itau USA Asset Management, Inc. | 919,538 | 919,538 | 39,898,753.82 | 0.891 | 0.6438 | 06/30/2025 |
| 13 | Allspring Global Investments LLC | 768,071 | -96,707 | 33,326,600.69 | 0.0433 | 0.5378 | 06/30/2025 |
| 14 | RBC Dominion Securities, Inc. (Investment Management) | 605,928 | 603,267 | 26,291,215.92 | 0.0197 | 0.4243 | 06/30/2025 |
| 15 | RWC Asset Advisors (US) LLC | 580,405 | 580,405 | 25,183,772.95 | 0.4653 | 0.4064 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford Emerging Markets Equities Fund | 1,852,706 | 1,520,475 | 80,388,913.34 | 1.3048 | 1.2972 | 06/30/2025 |
| 2 | Global X Lithium & Battery Tech ETF | 1,358,766 | 167,530 | 58,956,856.74 | 5.5026 | 0.9514 | 08/29/2025 |
| 3 | VanEck Rare Earth and Strategic Metals ETF | 903,811 | 473,639 | 39,216,359.29 | 5.434 | 0.6328 | 08/29/2025 |
| 4 | Macquarie Emerging Markets Fund | 800,000 | 0 | 34,712,000 | 0.5415 | 0.5601 | 07/31/2025 |
| 5 | GMO Resources Fund | 773,562 | -325,700 | 33,564,855.18 | 2.3067 | 0.5416 | 06/30/2025 |
| 6 | Kopernik Global All Cap Fund | 685,174 | 109,856 | 29,729,699.86 | 1.0475 | 0.4798 | 06/30/2025 |
| 7 | Redwheel Next Generation Emerging Markets Equity Fund | 668,377 | 668,377 | 29,000,878.03 | 2.0372 | 0.468 | 07/31/2025 |
| 8 | iShares Tr. - Latin America 40 ETF | 520,536 | 68,422 | 22,586,057.04 | 1.2971 | 0.3645 | 07/31/2025 |
| 9 | BlackRock Global Funds - Future of Transport Fund | 517,851 | -18,329 | 22,469,554.89 | 3.0881 | 0.3626 | 06/30/2025 |
| 10 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 513,620 | 0 | 22,285,971.8 | 0.0055 | 0.3596 | 12/31/2023 |
| 11 | EARNEST Partners International Fund | 506,568 | 299,318 | 21,979,985.52 | 1.0137 | 0.3547 | 07/31/2025 |
| 12 | Baillie Gifford UK & Bal. Fds. - Managed Fund | 478,506 | -54,008 | 20,762,375.34 | 0.44 | 0.335 | 07/31/2025 |
| 13 | Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund | 448,808 | 98,735 | 19,473,779.12 | 1.1361 | 0.3142 | 06/30/2025 |
| 14 | DWS Invest - Latin American Equities | 432,411 | 432,411 | 18,762,313.29 | 1.0747 | 0.3028 | 06/30/2025 |
| 15 | Baillie Gifford Overseas Growth Fund - Emer. Mkts. Leading Co. | 397,331 | 85,300 | 17,240,192.09 | 2.114 | 0.2782 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 9,230,909 | 7,868,553 | 400,529,141.51 | 0.2043 | 6.4634 | 06/30/2025 |
| 2 | Itau USA Asset Management, Inc. | 919,538 | 919,538 | 39,898,753.82 | 0.891 | 0.6438 | 06/30/2025 |
| 3 | RBC Dominion Securities, Inc. (Investment Management) | 605,928 | 603,267 | 26,291,215.92 | 0.0197 | 0.4243 | 06/30/2025 |
| 4 | RWC Asset Advisors (US) LLC | 580,405 | 580,405 | 25,183,772.95 | 0.4653 | 0.4064 | 06/30/2025 |
| 5 | Kopernik Global Investors LLC | 1,842,113 | 379,545 | 79,929,283.07 | 1.5348 | 1.2898 | 06/30/2025 |
| 6 | Bank of America, NA (Private Banking) | 371,871 | 311,168 | 16,135,482.69 | 0.0052 | 0.2604 | 06/30/2025 |
| 7 | Schroder Investment Management North America, Inc. | 283,071 | 283,071 | 12,282,450.69 | 0.0132 | 0.1982 | 06/30/2025 |
| 8 | Ohio Public Employees Retirement System | 318,454 | 279,587 | 13,817,719.06 | 0.0445 | 0.223 | 06/30/2025 |
| 9 | Millennium Management LLC | 322,735 | 245,711 | 14,003,471.65 | 0.012 | 0.226 | 06/30/2025 |
| 10 | RWC Asset Management LLP | 237,053 | 237,053 | 10,285,729.67 | 0.1091 | 0.166 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Grantham, Mayo, Van Otterloo & Co. LLC | 2,000,690 | -1,302,207 | 86,809,939.1 | 0.1855 | 1.4009 | 06/30/2025 |
| 2 | Mondrian Investment Partners Ltd. | 4,109 | -1,040,459 | 178,289.51 | 0.0011 | 0.0029 | 03/31/2025 |
| 3 | abrdn Investments Ltd. | 131,616 | -837,482 | 5,710,818.24 | 0.0138 | 0.0922 | 06/30/2025 |
| 4 | TIAA-CREF Investment Management LLC | 0 | -654,583 | 0 | 0 | 0 | |
| 5 | North of South Capital LLP | 0 | -597,057 | 0 | 0 | 0 | |
| 6 | Lazard Asset Management LLC | 1,433,749 | -531,892 | 62,210,369.11 | 0.0525 | 1.0039 | 06/30/2025 |
| 7 | Teachers Advisors LLC | 0 | -330,871 | 0 | 0 | 0 | |
| 8 | Manning & Napier Advisors LLC | 2,980,555 | -330,636 | 129,326,281.45 | 1.4489 | 2.0869 | 06/30/2025 |
| 9 | Crossmark Global Investments, Inc. | 0 | -219,101 | 0 | 0 | 0 | |
| 10 | UBS Securities LLC | 298,865 | -187,914 | 12,967,752.35 | 0.0056 | 0.2093 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.