| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 62,250,316 | 31,913,656 | 610,675,599.96 | 0.035 | 1.3715 | 06/30/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 49,814,207 | 22,215,792 | 488,677,370.67 | 0.0511 | 1.0975 | 06/30/2025 |
| 3 | GQG Partners LLC | 46,206,510 | 46,206,510 | 453,285,863.1 | 0.3535 | 1.018 | 06/30/2025 |
| 4 | Capital Research & Management Co. (International Investors) | 44,305,121 | 17,108,722 | 434,633,237.01 | 0.07 | 0.9761 | 06/30/2025 |
| 5 | BlackRock Investment Management (UK) Ltd. | 34,393,804 | 15,607,671 | 337,403,217.24 | 0.0454 | 0.7577 | 06/30/2025 |
| 6 | FIAM LLC | 23,855,659 | 7,228,350 | 234,024,014.79 | 0.1329 | 0.5256 | 06/30/2025 |
| 7 | Invesco Asset Management Ltd. | 23,002,837 | 23,002,837 | 225,657,830.97 | 0.2567 | 0.5068 | 06/30/2025 |
| 8 | Fisher Asset Management LLC | 21,705,260 | 4,520,117 | 212,928,600.6 | 0.0794 | 0.4782 | 06/30/2025 |
| 9 | Lazard Asset Management LLC | 20,080,222 | 1,841,909 | 196,986,977.82 | 0.1645 | 0.4424 | 06/30/2025 |
| 10 | Orbis Investment Management Ltd. | 19,665,389 | 7,907,837 | 192,917,466.09 | 0.5415 | 0.4333 | 06/30/2025 |
| 11 | Massachusetts Financial Services Co. | 15,837,167 | 4,639,827 | 155,362,608.27 | 0.0482 | 0.3489 | 06/30/2025 |
| 12 | BlackRock Fund Advisors | 12,919,143 | 1,244,875 | 126,736,792.83 | 0.0029 | 0.2846 | 06/30/2025 |
| 13 | Robeco Institutional Asset Management BV | 12,050,646 | 2,329,580 | 118,216,837.26 | 0.1155 | 0.2655 | 06/30/2025 |
| 14 | Goldman Sachs International | 11,782,842 | 9,015,455 | 115,589,680.02 | 0.9983 | 0.2596 | 06/30/2025 |
| 15 | Mondrian Investment Partners Ltd. | 11,569,197 | -185,612 | 113,493,822.57 | 0.6581 | 0.2549 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds EuroPacific Growth Fund | 28,880,179 | 16,088,900 | 283,314,555.99 | 0.2168 | 0.6363 | 06/30/2025 |
| 2 | Invesco Developing Markets Fund | 22,917,861 | 22,126,010 | 224,824,216.41 | 1.5292 | 0.5049 | 06/30/2025 |
| 3 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 20,998,970 | -1,756,400 | 205,999,895.7 | 0.8331 | 0.4626 | 06/30/2025 |
| 4 | GQG Partners Emerging Markets Equity Fund | 20,489,053 | 20,489,053 | 200,997,609.93 | 0.8696 | 0.4514 | 03/31/2025 |
| 5 | BlackRock World Mining Fund | 15,492,695 | 6,826,303 | 151,983,337.95 | 3.2905 | 0.3413 | 06/30/2025 |
| 6 | MFS Emerging Markets Equity Fund | 14,977,045 | 384,658 | 146,924,811.45 | 1.5838 | 0.33 | 06/30/2025 |
| 7 | American Funds New World Fund | 13,432,672 | 5,251,555 | 131,774,512.32 | 0.197 | 0.2959 | 06/30/2025 |
| 8 | Fidelity Advisor Focused Emerging Markets Fund | 13,045,020 | 3,055,020 | 127,971,646.2 | 1.4362 | 0.2874 | 06/30/2025 |
| 9 | iShares Tr. - Latin America 40 ETF | 13,029,577 | 2,914,174 | 127,820,150.37 | 7.5252 | 0.2871 | 07/31/2025 |
| 10 | American Funds New Perspective Fund | 12,393,023 | -17,219 | 121,575,555.63 | 0.0783 | 0.273 | 06/30/2025 |
| 11 | American Balanced Fund | 11,220,511 | 11,220,511 | 110,073,212.91 | 0.066 | 0.2472 | 06/30/2025 |
| 12 | American Funds Capital World Growth & Income Fund | 9,999,903 | -76,366 | 98,099,048.43 | 0.074 | 0.2203 | 06/30/2025 |
| 13 | Strategic Advisers Fidelity Emerging Markets Fund | 9,570,852 | -1,685,122 | 93,890,058.12 | 0.3339 | 0.2109 | 06/30/2025 |
| 14 | Capital Income Builder | 6,898,935 | 0 | 67,678,552.35 | 0.0751 | 0.152 | 06/30/2025 |
| 15 | azValor Internacional, FI | 6,718,412 | 2,655,338 | 65,907,621.72 | 2.7273 | 0.148 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 46,206,510 | 46,206,510 | 453,285,863.1 | 0.3535 | 1.018 | 06/30/2025 |
| 2 | Fidelity Management & Research Co. LLC | 62,250,316 | 31,913,656 | 610,675,599.96 | 0.035 | 1.3715 | 06/30/2025 |
| 3 | Invesco Asset Management Ltd. | 23,002,837 | 23,002,837 | 225,657,830.97 | 0.2567 | 0.5068 | 06/30/2025 |
| 4 | Capital Research & Management Co. (World Investors) | 49,814,207 | 22,215,792 | 488,677,370.67 | 0.0511 | 1.0975 | 06/30/2025 |
| 5 | Capital Research & Management Co. (International Investors) | 44,305,121 | 17,108,722 | 434,633,237.01 | 0.07 | 0.9761 | 06/30/2025 |
| 6 | BlackRock Investment Management (UK) Ltd. | 34,393,804 | 15,607,671 | 337,403,217.24 | 0.0454 | 0.7577 | 06/30/2025 |
| 7 | Goldman Sachs International | 11,782,842 | 9,015,455 | 115,589,680.02 | 0.9983 | 0.2596 | 06/30/2025 |
| 8 | Orbis Investment Management Ltd. | 19,665,389 | 7,907,837 | 192,917,466.09 | 0.5415 | 0.4333 | 06/30/2025 |
| 9 | FIAM LLC | 23,855,659 | 7,228,350 | 234,024,014.79 | 0.1329 | 0.5256 | 06/30/2025 |
| 10 | Renaissance Technologies LLC | 10,643,959 | 6,345,500 | 104,417,237.79 | 0.1345 | 0.2345 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | T. Rowe Price International Ltd. | 1,609,337 | -23,650,787 | 15,787,595.97 | 0.0098 | 0.0355 | 06/30/2025 |
| 2 | Arrowstreet Capital LP | 0 | -17,349,581 | 0 | 0 | 0 | |
| 3 | Citadel Advisors LLC | 0 | -9,646,214 | 0 | 0 | 0 | |
| 4 | T. Rowe Price Singapore Pte Ltd. | 0 | -8,343,035 | 0 | 0 | 0 | |
| 5 | Fidelity Management & Research (Hong Kong) Ltd. | 0 | -6,304,500 | 0 | 0 | 0 | |
| 6 | JPMorgan Securities LLC (Investment Management) | 230,377 | -5,550,199 | 2,259,998.37 | 0.0012 | 0.0051 | 06/30/2025 |
| 7 | Oaktree Capital Management LP | 2,033,706 | -5,158,299 | 19,950,655.86 | 0.3099 | 0.0448 | 06/30/2025 |
| 8 | Numeric Investors LLC | 53,782 | -5,046,815 | 527,601.42 | 0.0016 | 0.0012 | 06/30/2025 |
| 9 | Balyasny Asset Management LP | 207,592 | -4,574,832 | 2,036,477.52 | 0.0045 | 0.0046 | 06/30/2025 |
| 10 | Woodline Partners LP | 0 | -4,484,186 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.