| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | SSgA Funds Management, Inc. | 3,876,869 | 91,559 | 43,459,701.49 | 0.0014 | 0.1911 | 12/31/2025 |
| 2 | BlackRock Fund Advisors | 2,113,815 | -52,907 | 23,695,866.15 | 0.0005 | 0.1042 | 12/31/2025 |
| 3 | American Century Investment Management, Inc. | 1,526,818 | 419,000 | 17,115,629.78 | 0.0062 | 0.0753 | 12/31/2025 |
| 4 | Fideuram Asset Management SGR SpA | 1,378,359 | 1,378,359 | 15,451,404.39 | 0.2115 | 0.0679 | 12/31/2025 |
| 5 | UBS Securities LLC | 1,182,071 | -359,766 | 13,251,015.91 | 0.0053 | 0.0583 | 12/31/2025 |
| 6 | Marshall Wace LLP | 1,047,682 | 1,047,682 | 11,744,515.22 | 0.0112 | 0.0516 | 12/31/2025 |
| 7 | Nomura Investment Management Business Trust | 989,541 | 0 | 11,092,754.61 | 0.0104 | 0.0488 | 09/30/2025 |
| 8 | Aperio Group LLC | 981,002 | 130,670 | 10,997,032.42 | 0.008 | 0.0484 | 12/31/2025 |
| 9 | Northern Trust Investments, Inc.(Investment Management) | 878,485 | 11,160 | 9,847,816.85 | 0.0013 | 0.0433 | 09/30/2025 |
| 10 | The Vanguard Group, Inc. | 861,035 | 0 | 9,652,202.35 | 0.0001 | 0.0424 | 12/31/2025 |
| 11 | Parametric Portfolio Associates LLC | 851,799 | -8,170 | 9,548,666.79 | 0.0024 | 0.042 | 12/31/2025 |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 737,604 | 737,604 | 8,268,540.84 | 0.0188 | 0.0364 | 12/31/2025 |
| 13 | Baring Asset Management Ltd. | 723,802 | 49,417 | 8,113,820.42 | 0.1736 | 0.0357 | 12/31/2025 |
| 14 | HSBC Global Asset Management (UK) Ltd. | 603,403 | 120,606 | 6,764,147.63 | 0.0038 | 0.0297 | 09/30/2025 |
| 15 | AzValor Asset Management SGIIC SA | 578,257 | 0 | 6,482,260.97 | 0.1953 | 0.0285 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Global UCITS ICAV - Partners Emerging Markets Equity Fund | 4,104,282 | 0 | 46,009,001.22 | 1.6428 | 0.2023 | 06/30/2025 |
| 2 | iShares Global Infrastructure ETF | 2,088,620 | -111,232 | 23,413,430.2 | 0.2342 | 0.103 | 01/30/2026 |
| 3 | State Street SPDR Portfolio Emerging Markets ETF | 1,794,832 | 231,911 | 20,120,066.72 | 0.1185 | 0.0885 | 01/30/2026 |
| 4 | Avantis Emerging Markets Equity ETF | 1,358,709 | 347,007 | 15,231,127.89 | 0.0794 | 0.067 | 01/30/2026 |
| 5 | State Street SPDR S&P Kensho New Economies Composite ETF | 1,025,339 | -157,814 | 11,494,050.19 | 0.4591 | 0.0505 | 01/30/2026 |
| 6 | Macquarie Emerging Markets Fund | 989,541 | 0 | 11,092,754.61 | 0.1036 | 0.0488 | 12/31/2025 |
| 7 | Baring Emerging Markets Umbrella Fd. - Latin America | 723,802 | 49,417 | 8,113,820.42 | 3.0287 | 0.0357 | 12/31/2025 |
| 8 | HSBC ETFs Plc - MSCI Emerging Markets | 648,348 | 264,580 | 7,267,981.08 | 0.15 | 0.032 | 01/30/2026 |
| 9 | Azvalor Lux Sicav - Azvalor International | 578,257 | 0 | 6,482,260.97 | 1.5417 | 0.0285 | 06/30/2025 |
| 10 | Vanguard Total International Stock Index Fund | 532,827 | 0 | 5,972,990.67 | 0.0009 | 0.0263 | 12/31/2025 |
| 11 | St. James Place Unit Trust - Global Smaller Companies | 505,000 | 53,400 | 5,661,050 | 0.1022 | 0.0249 | 09/30/2025 |
| 12 | Border to Coast Emerging Markets Equity Alpha Fund | 492,700 | 492,700 | 5,523,167 | 0.3787 | 0.0243 | 09/30/2025 |
| 13 | State Street SPDR S&P Kensho Clean Power ETF | 463,561 | 86,417 | 5,196,518.81 | 2.5162 | 0.0229 | 01/30/2026 |
| 14 | Amundi Funds - Emerging World Equity | 356,668 | 63,008 | 3,998,248.28 | 0.244 | 0.0176 | 09/30/2025 |
| 15 | VanEck Low Carbon Energy ETF | 334,384 | -72,201 | 3,748,444.64 | 2.6769 | 0.0165 | 01/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fideuram Asset Management SGR SpA | 1,378,359 | 1,378,359 | 15,451,404.39 | 0.2115 | 0.0679 | 12/31/2025 |
| 2 | Marshall Wace LLP | 1,047,682 | 1,047,682 | 11,744,515.22 | 0.0112 | 0.0516 | 12/31/2025 |
| 3 | Connor, Clark & Lunn Investment Management Ltd. | 737,604 | 737,604 | 8,268,540.84 | 0.0188 | 0.0364 | 12/31/2025 |
| 4 | Jane Street Capital LLC | 444,191 | 444,191 | 4,979,381.11 | 0.0057 | 0.0219 | 12/31/2025 |
| 5 | American Century Investment Management, Inc. | 1,526,818 | 419,000 | 17,115,629.78 | 0.0062 | 0.0753 | 12/31/2025 |
| 6 | Ramirez Asset Management, Inc. | 400,825 | 400,825 | 4,493,248.25 | 0.5043 | 0.0198 | 12/31/2025 |
| 7 | Cubist Systematic Strategies LLC | 472,079 | 345,587 | 5,292,005.59 | 0.0694 | 0.0233 | 09/30/2025 |
| 8 | Cullen Capital Management LLC | 330,217 | 330,217 | 3,701,732.57 | 0.031 | 0.0163 | 12/31/2025 |
| 9 | Hightower Advisors LLC | 178,849 | 178,849 | 2,004,897.29 | 0.0021 | 0.0088 | 12/31/2025 |
| 10 | Amundi Asset Management SASU (Investment Management) | 512,758 | 163,294 | 5,748,017.18 | 0.0012 | 0.0253 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Millennium Management LLC | 291,025 | -1,528,794 | 3,262,390.25 | 0.0025 | 0.0143 | 09/30/2025 |
| 2 | SPX Gestao de Recursos Ltda. | 1,285 | -668,798 | 14,404.85 | 0.0005 | 0.0001 | 12/31/2025 |
| 3 | Towers Watson Investment Management Ltd. | 0 | -646,014 | 0 | 0 | 0 | |
| 4 | UBS Securities LLC | 1,182,071 | -359,766 | 13,251,015.91 | 0.0053 | 0.0583 | 12/31/2025 |
| 5 | Kapitalo Investimentos Ltda. | 75,855 | -251,680 | 850,334.55 | 0.0222 | 0.0037 | 12/31/2025 |
| 6 | BlackRock Advisors (UK) Ltd. | 136,788 | -191,484 | 1,533,393.48 | 0.0002 | 0.0067 | 12/31/2025 |
| 7 | Renaissance Technologies LLC | 127,440 | -171,360 | 1,428,602.4 | 0.0022 | 0.0063 | 12/31/2025 |
| 8 | North of South Capital LLP | 84,977 | -134,675 | 952,592.17 | 0.0188 | 0.0042 | 12/31/2025 |
| 9 | Brevan Howard Asset Management LLP | 0 | -130,000 | 0 | 0 | 0 | |
| 10 | UBS Switzerland AG (Investment Management) | 325,338 | -129,595 | 3,647,038.98 | 0.0076 | 0.016 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.