| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 50,960,373 | 814,399 | 109,819,603.82 | 0.0111 | 1.6595 | 10/31/2025 |
| 2 | Lazard Asset Management LLC | 38,873,487 | 5,635,822 | 83,772,364.48 | 0.0669 | 1.2659 | 09/30/2025 |
| 3 | Sprucegrove Investment Management Ltd. | 19,070,742 | -8,187,913 | 41,097,449.01 | 1.0964 | 0.621 | 09/30/2025 |
| 4 | Schroder Investment Management Ltd. | 16,768,489 | 6,591,422 | 36,136,093.8 | 0.015 | 0.5461 | 09/30/2025 |
| 5 | ARGA Investment Management LP | 16,201,308 | -4,196,330 | 34,913,818.74 | 0.1866 | 0.5276 | 07/31/2025 |
| 6 | Old Mutual Investment Group (Pty) Ltd. | 13,350,306 | 0 | 28,769,909.43 | 0.5001 | 0.4347 | 03/31/2025 |
| 7 | M&G Investment Management Ltd. | 10,141,441 | 1,067,680 | 21,854,805.36 | 0.0286 | 0.3302 | 08/29/2025 |
| 8 | Dimensional Fund Advisors LP | 9,997,997 | -218,687 | 21,545,683.54 | 0.0033 | 0.3256 | 10/31/2025 |
| 9 | Nordea Investment Management AB | 9,980,590 | 459,206 | 21,508,171.45 | 0.0261 | 0.325 | 09/30/2025 |
| 10 | RBC Global Asset Management (UK) Ltd. | 7,636,940 | -561,011 | 16,457,605.7 | 0.0291 | 0.2487 | 10/31/2025 |
| 11 | American Century Investment Management, Inc. | 7,530,547 | 2,291,649 | 16,228,328.78 | 0.0064 | 0.2452 | 10/31/2025 |
| 12 | Harding Loevner LP | 7,198,344 | -1,991,294 | 15,512,431.32 | 0.0569 | 0.2344 | 09/30/2025 |
| 13 | East Capital Financial Services AB | 6,690,132 | 0 | 14,417,234.46 | 1.3803 | 0.2179 | 09/30/2025 |
| 14 | Fiera Capital (UK) Ltd. | 5,622,423 | -371,603 | 12,116,321.56 | 0.2907 | 0.1831 | 07/31/2025 |
| 15 | BlackRock Investment Management (UK) Ltd. | 5,606,703 | 0 | 12,082,444.96 | 0.0015 | 0.1826 | 08/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 47,339,605 | 0 | 102,016,848.78 | 0.1441 | 1.5416 | 09/30/2025 |
| 2 | Lazard Emerging Markets Equity Portfolio | 23,467,141 | 6,168,976 | 50,571,688.86 | 0.8535 | 0.7642 | 09/30/2025 |
| 3 | Vanguard International Value Fund | 16,201,308 | -4,196,330 | 34,913,818.74 | 0.2835 | 0.5276 | 07/31/2025 |
| 4 | Russell Invt. Co. Plc - Old Mutual African Frontiers Fund | 13,350,306 | 0 | 28,769,909.43 | 8.0795 | 0.4347 | 03/31/2025 |
| 5 | Schroder ISF - Frontier Markets Equity | 10,541,864 | 6,591,422 | 22,717,716.92 | 2.9754 | 0.3433 | 09/30/2025 |
| 6 | Avantis Emerging Markets Equity ETF | 7,018,691 | 2,184,915 | 15,125,279.1 | 0.1049 | 0.2286 | 10/31/2025 |
| 7 | M&G Investment Funds (7) OEIC - Global Emerging Markets Fund | 6,851,241 | 660,432 | 14,764,424.36 | 1.2523 | 0.2231 | 07/31/2025 |
| 8 | East Capital - Global Frontier Markets Fund | 6,690,132 | 0 | 14,417,234.46 | 4.7731 | 0.2179 | 09/30/2025 |
| 9 | Nordea 2 - BetaPlus Enhanced EM. Sustainable Equity Fund | 6,093,556 | 498,649 | 13,131,613.18 | 0.4762 | 0.1984 | 09/30/2025 |
| 10 | Schroder ISF - Global Emerging Market Opportunities | 5,947,230 | 0 | 12,816,280.65 | 0.5314 | 0.1937 | 09/30/2025 |
| 11 | Lazard Investment Funds - Emerging Markets Fund | 5,716,131 | 0 | 12,318,262.3 | 0.8656 | 0.1861 | 03/31/2025 |
| 12 | RBC Emerging Markets Dividend Fund | 5,709,501 | -266,436 | 12,303,974.66 | 0.8621 | 0.1859 | 06/30/2025 |
| 13 | BlackRock Strategic Fds. - Emerging Markets Equity Strategies | 5,606,703 | 0 | 12,082,444.96 | 1.17 | 0.1826 | 08/31/2025 |
| 14 | DFA Emerging Markets Core Equity 2 Portfolio | 5,098,710 | -202,358 | 10,987,720.05 | 0.032 | 0.166 | 08/31/2025 |
| 15 | HSBC Global Investment Funds - Frontier Markets | 4,749,496 | 540,662 | 10,235,163.88 | 1.2112 | 0.1547 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 16,768,489 | 6,591,422 | 36,136,093.8 | 0.015 | 0.5461 | 09/30/2025 |
| 2 | Lazard Asset Management LLC | 38,873,487 | 5,635,822 | 83,772,364.48 | 0.0669 | 1.2659 | 09/30/2025 |
| 3 | BlackRock Advisors (UK) Ltd. | 3,722,442 | 3,722,442 | 8,021,862.51 | 0.0009 | 0.1212 | 10/31/2025 |
| 4 | Franklin Templeton Investments (ME) Ltd. | 2,457,833 | 2,457,833 | 5,296,630.12 | 1.2466 | 0.08 | 09/30/2025 |
| 5 | American Century Investment Management, Inc. | 7,530,547 | 2,291,649 | 16,228,328.78 | 0.0064 | 0.2452 | 10/31/2025 |
| 6 | M&G Investment Management Ltd. | 10,141,441 | 1,067,680 | 21,854,805.36 | 0.0286 | 0.3302 | 08/29/2025 |
| 7 | Capital Research & Management Co. (World Investors) | 50,960,373 | 814,399 | 109,819,603.82 | 0.0111 | 1.6595 | 10/31/2025 |
| 8 | Connor, Clark & Lunn Investment Management Ltd. | 710,702 | 710,702 | 1,531,562.81 | 0.0043 | 0.0231 | 10/31/2025 |
| 9 | HSBC Global Asset Management (UK) Ltd. | 4,749,496 | 540,662 | 10,235,163.88 | 0.0061 | 0.1547 | 09/30/2025 |
| 10 | Abaco Capital SGIIC SA | 473,799 | 473,799 | 1,021,036.84 | 1.1527 | 0.0154 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs Asset Management LP | 4,104,138 | -12,259,268 | 8,844,417.39 | 0.0018 | 0.1336 | 06/30/2025 |
| 2 | Sprucegrove Investment Management Ltd. | 19,070,742 | -8,187,913 | 41,097,449.01 | 1.0964 | 0.621 | 09/30/2025 |
| 3 | ARGA Investment Management LP | 16,201,308 | -4,196,330 | 34,913,818.74 | 0.1866 | 0.5276 | 07/31/2025 |
| 4 | Harding Loevner LP | 7,198,344 | -1,991,294 | 15,512,431.32 | 0.0569 | 0.2344 | 09/30/2025 |
| 5 | Federated Global Investment Management Corp. | 0 | -1,854,231 | 0 | 0 | 0 | |
| 6 | Goldman Sachs Asset Management (Singapore) Pte. Ltd. | 0 | -587,153 | 0 | 0 | 0 | |
| 7 | RBC Global Asset Management (UK) Ltd. | 7,636,940 | -561,011 | 16,457,605.7 | 0.0291 | 0.2487 | 10/31/2025 |
| 8 | Morgan Stanley Investment Management, Inc. | 2,474,453 | -427,596 | 5,332,446.22 | 0.0058 | 0.0806 | 10/31/2025 |
| 9 | Fiera Capital (UK) Ltd. | 5,622,423 | -371,603 | 12,116,321.56 | 0.2907 | 0.1831 | 07/31/2025 |
| 10 | UBS Asset Management Switzerland AG | 2,991,369 | -357,086 | 6,446,400.2 | 0.0014 | 0.0974 | 10/31/2025 |
Data provided by FactSet Research Systems Inc.