| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Naman Capital Ltda. | 14,079,999 | 0 | 46,604,796.69 | 7.8094 | 1.2622 | 03/31/2025 |
| 2 | Polunin Capital Partners Ltd. | 8,680,434 | 8,680,434 | 28,732,236.54 | 2.6788 | 0.7782 | 03/31/2025 |
| 3 | BlackRock Fund Advisors | 3,439,104 | -473,569 | 11,383,434.24 | 0.0003 | 0.3083 | 03/31/2025 |
| 4 | Parametric Portfolio Associates LLC | 3,082,993 | 1,165,484 | 10,204,706.83 | 0.0031 | 0.2764 | 03/31/2025 |
| 5 | Marshall Wace LLP | 2,621,411 | -199,714 | 8,676,870.41 | 0.0102 | 0.235 | 03/31/2025 |
| 6 | Renaissance Technologies LLC | 2,151,800 | -1,362,000 | 7,122,458 | 0.0097 | 0.1929 | 03/31/2025 |
| 7 | American Century Investment Management, Inc. | 1,892,257 | 116,150 | 6,263,370.67 | 0.0027 | 0.1696 | 03/31/2025 |
| 8 | SLGI Asset Management, Inc. | 1,626,160 | 0 | 5,382,589.6 | 0.1154 | 0.1458 | 12/31/2024 |
| 9 | Hennessy Advisors, Inc. (Investment Management) | 1,625,700 | -185,700 | 5,381,067 | 0.1685 | 0.1457 | 03/31/2025 |
| 10 | Qube Research & Technologies Ltd. | 1,614,294 | -310,533 | 5,343,313.14 | 0.0076 | 0.1447 | 03/31/2025 |
| 11 | Aperio Group LLC | 1,466,261 | 151,540 | 4,853,323.91 | 0.0044 | 0.1314 | 03/31/2025 |
| 12 | Acadian Asset Management LLC | 1,387,453 | -1,468,640 | 4,592,469.43 | 0.0098 | 0.1244 | 03/31/2025 |
| 13 | Two Sigma Investments LP | 1,341,648 | -312,725 | 4,440,854.88 | 0.0088 | 0.1203 | 03/31/2025 |
| 14 | Morgan Stanley & Co. LLC | 1,326,290 | -2,065,972 | 4,390,019.9 | 0.0015 | 0.1189 | 03/31/2025 |
| 15 | Two Sigma Advisers LP | 1,222,000 | -160,300 | 4,044,820 | 0.0081 | 0.1095 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avantis Emerging Markets Equity ETF | 2,186,700 | 488,947 | 7,237,977 | 0.0668 | 0.196 | 06/30/2025 |
| 2 | iShares Tr. - Global Infrastructure ETF | 1,979,877 | 253,160 | 6,553,392.87 | 0.0883 | 0.1775 | 06/27/2025 |
| 3 | Old Westbury Small & Mid Cap Strategies Fund | 1,729,047 | 1,729,047 | 5,723,145.57 | 0.064 | 0.155 | 04/30/2025 |
| 4 | Sun Life Acadian International Equity Fund | 1,626,160 | 0 | 5,382,589.6 | 0.6152 | 0.1458 | 12/31/2024 |
| 5 | Hennessy Cornerstone Growth Fund | 1,625,700 | -185,700 | 5,381,067 | 0.9241 | 0.1457 | 03/31/2025 |
| 6 | iShares Global Infrastructure Index Fund | 835,187 | 120,534 | 2,764,468.97 | 0.5436 | 0.0749 | 06/27/2025 |
| 7 | Warburg Value Fund | 405,000 | 80,000 | 1,340,550 | 1.2684 | 0.0363 | 04/30/2025 |
| 8 | White Fleet II SICAV - SGVP Global Value Equity Fund | 375,000 | 0 | 1,241,250 | 1.2768 | 0.0336 | 02/28/2025 |
| 9 | Avantis Emerging Markets Value ETF | 335,835 | 330,633 | 1,111,613.85 | 0.1493 | 0.0301 | 06/30/2025 |
| 10 | iShares II Plc - Emerging Markets Infrastructure UCITS ETF | 266,656 | -41,579 | 882,631.36 | 3.3378 | 0.0239 | 06/30/2025 |
| 11 | HSBC ETFs Plc - MSCI Emerging Markets | 232,561 | -43,670 | 769,776.91 | 0.0267 | 0.0208 | 06/30/2025 |
| 12 | Dimensional World ex-US Core Equity 2 ETF | 180,861 | 122,817 | 598,649.91 | 0.0069 | 0.0162 | 06/30/2025 |
| 13 | BlackRock ISF - iShares EM Screened Equity Index Fund (IE) | 170,456 | -9,072 | 564,209.36 | 0.094 | 0.0153 | 05/31/2025 |
| 14 | SPDR S&P Global Infrastructure ETF | 147,200 | -22,200 | 487,232 | 0.0887 | 0.0132 | 06/30/2025 |
| 15 | DFA International Core Equity Fund | 131,402 | 0 | 434,940.62 | 0.0157 | 0.0118 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Polunin Capital Partners Ltd. | 8,680,434 | 8,680,434 | 28,732,236.54 | 2.6788 | 0.7782 | 03/31/2025 |
| 2 | Parametric Portfolio Associates LLC | 3,082,993 | 1,165,484 | 10,204,706.83 | 0.0031 | 0.2764 | 03/31/2025 |
| 3 | BofA Securities, Inc. | 552,576 | 552,450 | 1,829,026.56 | 0.0035 | 0.0495 | 03/31/2025 |
| 4 | MultiConcept Fund Management SA | 400,000 | 400,000 | 1,324,000 | 0.0304 | 0.0359 | 03/31/2025 |
| 5 | UBS Switzerland AG (Investment Management) | 386,637 | 386,637 | 1,279,768.47 | 0.0036 | 0.0347 | 03/31/2025 |
| 6 | Raiffeisen Kapitalanlage-Gesellschaft mbH | 267,314 | 267,314 | 884,809.34 | 0.0068 | 0.024 | 03/31/2025 |
| 7 | Citadel Advisors LLC | 434,507 | 221,022 | 1,438,218.17 | 0.0018 | 0.039 | 03/31/2025 |
| 8 | Aperio Group LLC | 1,466,261 | 151,540 | 4,853,323.91 | 0.0044 | 0.1314 | 03/31/2025 |
| 9 | American Century Investment Management, Inc. | 1,892,257 | 116,150 | 6,263,370.67 | 0.0027 | 0.1696 | 03/31/2025 |
| 10 | RBF Capital LLC | 98,800 | 98,800 | 327,028 | 0.019 | 0.0089 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. LLC | 1,326,290 | -2,065,972 | 4,390,019.9 | 0.0015 | 0.1189 | 03/31/2025 |
| 2 | Acadian Asset Management LLC | 1,387,453 | -1,468,640 | 4,592,469.43 | 0.0098 | 0.1244 | 03/31/2025 |
| 3 | Renaissance Technologies LLC | 2,151,800 | -1,362,000 | 7,122,458 | 0.0097 | 0.1929 | 03/31/2025 |
| 4 | Goldman Sachs & Co. LLC (Private Banking) | 1,042,585 | -530,637 | 3,450,956.35 | 0.0018 | 0.0935 | 03/31/2025 |
| 5 | BlackRock Financial Management, Inc. | 420,599 | -495,229 | 1,392,182.69 | 0.0009 | 0.0377 | 03/31/2025 |
| 6 | BlackRock Fund Advisors | 3,439,104 | -473,569 | 11,383,434.24 | 0.0003 | 0.3083 | 03/31/2025 |
| 7 | Bank of America, NA (Private Banking) | 523,096 | -462,998 | 1,731,447.76 | 0.0006 | 0.0469 | 03/31/2025 |
| 8 | Cubist Systematic Strategies LLC | 337,312 | -397,637 | 1,116,502.72 | 0.0133 | 0.0302 | 03/31/2025 |
| 9 | BNP Paribas Financial Markets | 70,080 | -397,632 | 231,964.8 | 0.0002 | 0.0063 | 03/31/2025 |
| 10 | Two Sigma Investments LP | 1,341,648 | -312,725 | 4,440,854.88 | 0.0088 | 0.1203 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.