| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | SSgA Funds Management, Inc. | 3,876,869 | 74,506 | 48,189,481.67 | 0.0015 | 0.1911 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 2,113,815 | 100,142 | 26,274,720.45 | 0.0005 | 0.1042 | 12/31/2025 |
| 3 | American Century Investment Management, Inc. | 1,526,818 | 253,215 | 18,978,347.74 | 0.0066 | 0.0753 | 12/31/2025 |
| 4 | UBS Securities LLC | 1,182,071 | 738,762 | 14,693,142.53 | 0.0058 | 0.0583 | 12/31/2025 |
| 5 | Marshall Wace LLP | 1,047,682 | 592,450 | 13,022,687.26 | 0.0117 | 0.0516 | 12/31/2025 |
| 6 | Point72 Asset Management LP | 1,016,033 | 440,361 | 12,629,290.19 | 0.0179 | 0.0501 | 12/31/2025 |
| 7 | Nomura Investment Management Business Trust | 989,541 | 0 | 12,299,994.63 | 0.0154 | 0.0488 | 12/31/2025 |
| 8 | Aperio Group LLC | 981,002 | 59,449 | 12,193,854.86 | 0.0085 | 0.0484 | 12/31/2025 |
| 9 | Millennium Management LLC | 928,264 | 637,239 | 11,538,321.52 | 0.008 | 0.0458 | 12/31/2025 |
| 10 | Northern Trust Investments, Inc.(Investment Management) | 880,995 | 2,510 | 10,950,767.85 | 0.0015 | 0.0434 | 12/31/2025 |
| 11 | Citadel Securities LLC | 863,251 | 627,245 | 10,730,209.93 | 0.021 | 0.0426 | 12/31/2025 |
| 12 | The Vanguard Group, Inc. | 861,035 | 0 | 10,702,665.05 | 0.0004 | 0.0424 | 12/31/2025 |
| 13 | Parametric Portfolio Associates LLC | 851,799 | 68,383 | 10,587,861.57 | 0.0026 | 0.042 | 12/31/2025 |
| 14 | Connor, Clark & Lunn Investment Management Ltd. | 737,604 | 608,701 | 9,168,417.72 | 0.02 | 0.0364 | 12/31/2025 |
| 15 | Baring Asset Management Ltd. | 723,802 | 49,417 | 8,996,858.86 | 0.1925 | 0.0357 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Carmignac Emergents | 4,701,650 | 0 | 58,441,509.5 | 3.8366 | 0.2318 | 06/30/2025 |
| 2 | GQG Global UCITS ICAV - Partners Emerging Markets Equity Fund | 4,104,282 | 0 | 51,016,225.26 | 1.8128 | 0.2023 | 06/30/2025 |
| 3 | iShares Global Infrastructure ETF | 2,555,734 | 549,621 | 31,767,773.62 | 0.3016 | 0.126 | 04/30/2026 |
| 4 | State Street SPDR Portfolio Emerging Markets ETF | 1,840,476 | 178,068 | 22,877,116.68 | 0.1297 | 0.0907 | 04/30/2026 |
| 5 | Avantis Emerging Markets Equity ETF | 1,358,709 | 148,527 | 16,888,752.87 | 0.0712 | 0.067 | 04/30/2026 |
| 6 | State Street SPDR S&P Kensho New Economies Composite ETF | 1,024,899 | -110,171 | 12,739,494.57 | 0.4785 | 0.0505 | 04/30/2026 |
| 7 | Nomura Emerging Markets Fund | 989,541 | 0 | 12,299,994.63 | 0.0917 | 0.0488 | 03/31/2026 |
| 8 | Baring Emerging Markets Umbrella Fd. - Latin America | 723,802 | 49,417 | 8,996,858.86 | 3.2175 | 0.0357 | 02/28/2026 |
| 9 | HSBC ETFs Plc - MSCI Emerging Markets | 667,019 | 213,525 | 8,291,046.17 | 0.1587 | 0.0329 | 04/30/2026 |
| 10 | Azvalor Lux Sicav - Azvalor International | 578,257 | 0 | 7,187,734.51 | 1.6751 | 0.0285 | 06/30/2025 |
| 11 | Vanguard Total International Stock Index Fund | 532,827 | 0 | 6,623,039.61 | 0.001 | 0.0263 | 03/31/2026 |
| 12 | St. James Place Unit Trust - Global Smaller Companies | 505,000 | 0 | 6,277,150 | 0.1135 | 0.0249 | 09/30/2025 |
| 13 | Border to Coast Emerging Markets Equity Alpha Fund | 492,700 | 0 | 6,124,261 | 0.3903 | 0.0243 | 09/30/2025 |
| 14 | State Street SPDR S&P Kensho Clean Power ETF | 476,917 | 96,044 | 5,928,078.31 | 2.6844 | 0.0235 | 04/30/2026 |
| 15 | VanEck Low Carbon Energy ETF | 350,750 | 3,502 | 4,359,822.5 | 2.8797 | 0.0173 | 04/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Securities LLC | 1,182,071 | 738,762 | 14,693,142.53 | 0.0058 | 0.0583 | 12/31/2025 |
| 2 | Millennium Management LLC | 928,264 | 637,239 | 11,538,321.52 | 0.008 | 0.0458 | 12/31/2025 |
| 3 | Citadel Securities LLC | 863,251 | 627,245 | 10,730,209.93 | 0.021 | 0.0426 | 12/31/2025 |
| 4 | Connor, Clark & Lunn Investment Management Ltd. | 737,604 | 608,701 | 9,168,417.72 | 0.02 | 0.0364 | 12/31/2025 |
| 5 | Marshall Wace LLP | 1,047,682 | 592,450 | 13,022,687.26 | 0.0117 | 0.0516 | 12/31/2025 |
| 6 | Point72 Asset Management LP | 1,016,033 | 440,361 | 12,629,290.19 | 0.0179 | 0.0501 | 12/31/2025 |
| 7 | Cullen Capital Management LLC | 330,217 | 330,217 | 4,104,597.31 | 0.0338 | 0.0163 | 12/31/2025 |
| 8 | Jane Street Capital LLC | 444,191 | 327,954 | 5,521,294.13 | 0.0058 | 0.0219 | 12/31/2025 |
| 9 | National Bank Financial, Inc. | 290,143 | 290,143 | 3,606,477.49 | 0.0046 | 0.0143 | 12/31/2025 |
| 10 | American Century Investment Management, Inc. | 1,526,818 | 253,215 | 18,978,347.74 | 0.0066 | 0.0753 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Switzerland AG (Investment Management) | 325,338 | -957,406 | 4,043,951.34 | 0.0093 | 0.016 | 12/31/2025 |
| 2 | Towers Watson Investment Management Ltd. | 0 | -652,479 | 0 | 0 | 0 | |
| 3 | Goldman Sachs International | 0 | -479,315 | 0 | 0 | 0 | |
| 4 | Cubist Systematic Strategies LLC | 0 | -472,079 | 0 | 0 | 0 | |
| 5 | SPX Gestao de Recursos Ltda. | 1,285 | -471,924 | 15,972.55 | 0.0006 | 0.0001 | 12/31/2025 |
| 6 | Barclays Bank (Suisse) SA | 0 | -414,400 | 0 | 0 | 0 | |
| 7 | North of South Capital LLP | 150,411 | -289,271 | 1,869,608.73 | 0.0343 | 0.0074 | 03/31/2026 |
| 8 | Morgan Stanley Latam LLC | 0 | -156,969 | 0 | 0 | 0 | |
| 9 | Citadel Advisors LLC | 0 | -152,898 | 0 | 0 | 0 | |
| 10 | Trexquant Investment LP | 0 | -120,394 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.