| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 56,210,419 | 524,460 | 118,322,932 | 0.0127 | 1.664 | 02/27/2026 |
| 2 | Lazard Asset Management LLC | 48,578,784 | 5,417,222 | 102,258,340.32 | 0.0949 | 1.4381 | 02/28/2026 |
| 3 | ARGA Investment Management LP | 16,946,587 | -874,852 | 35,672,565.64 | 0.1913 | 0.5017 | 10/31/2025 |
| 4 | Old Mutual Investment Group (Pty) Ltd. | 15,169,682 | 484,345 | 31,932,180.61 | 0.5547 | 0.4491 | 09/30/2025 |
| 5 | Nordea Investment Management AB | 12,268,190 | 1,245,890 | 25,824,539.95 | 0.0312 | 0.3632 | 01/30/2026 |
| 6 | M&G Investment Management Ltd. | 11,426,978 | -61,283 | 24,053,788.69 | 0.0318 | 0.3383 | 11/30/2025 |
| 7 | Schroder Investment Management Ltd. | 11,268,748 | -4,998,034 | 23,720,714.54 | 0.01 | 0.3336 | 01/31/2026 |
| 8 | Dimensional Fund Advisors LP | 11,263,351 | 18,675 | 23,709,353.86 | 0.0035 | 0.3334 | 02/27/2026 |
| 9 | American Century Investment Management, Inc. | 11,018,150 | 3,879,043 | 23,193,205.75 | 0.0091 | 0.3262 | 02/27/2026 |
| 10 | RBC Global Asset Management (UK) Ltd. | 8,558,322 | 170,530 | 18,015,267.81 | 0.0328 | 0.2534 | 02/27/2026 |
| 11 | East Capital Asia Ltd. | 6,704,881 | -654,264 | 14,113,774.5 | 1.2919 | 0.1985 | 01/30/2026 |
| 12 | HSBC Global Asset Management (UK) Ltd. | 6,215,677 | 991,231 | 13,084,000.08 | 0.008 | 0.184 | 01/31/2026 |
| 13 | BlackRock Investment Management (UK) Ltd. | 6,167,373 | 0 | 12,982,320.16 | 0.0017 | 0.1826 | 01/31/2026 |
| 14 | Harding Loevner LP | 5,772,112 | -2,102,115 | 12,150,295.76 | 0.0519 | 0.1709 | 02/27/2026 |
| 15 | Fiera Capital (UK) Ltd. | 5,731,753 | -346,349 | 12,065,340.06 | 0.3028 | 0.1697 | 11/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 51,950,956 | -122,610 | 109,356,762.38 | 0.1576 | 1.5379 | 12/31/2025 |
| 2 | Lazard Emerging Markets Equity Portfolio | 30,635,525 | 4,807,669 | 64,487,780.12 | 0.8415 | 0.9069 | 02/28/2026 |
| 3 | Vanguard International Value Fund | 16,946,587 | -874,852 | 35,672,565.64 | 0.3119 | 0.5017 | 10/31/2025 |
| 4 | Russell Invt. Co. Plc - Old Mutual African Frontiers Fund | 15,169,682 | 484,345 | 31,932,180.61 | 8.3239 | 0.4491 | 09/30/2025 |
| 5 | Schroder ISF - Frontier Markets Equity | 11,268,748 | 1,851,254 | 23,720,714.54 | 2.9607 | 0.3336 | 01/31/2026 |
| 6 | Avantis Emerging Markets Equity ETF | 10,316,181 | 3,663,993 | 21,715,561 | 0.112 | 0.3054 | 02/27/2026 |
| 7 | Nordea 2 - BetaPlus Enhanced EM. Sustainable Equity Fund | 7,799,361 | 1,172,988 | 16,417,654.9 | 0.4952 | 0.2309 | 01/30/2026 |
| 8 | M&G Investment Funds (7) OEIC - Global Emerging Markets Fund | 6,952,952 | -708,970 | 14,635,963.96 | 1.1393 | 0.2058 | 11/30/2025 |
| 9 | East Capital - Global Frontier Markets Fund | 6,590,373 | -768,772 | 13,872,735.16 | 4.5226 | 0.1951 | 01/30/2026 |
| 10 | Lazard Investment Funds - Emerging Markets Fund | 6,287,744 | 0 | 13,235,701.12 | 0.8669 | 0.1861 | 03/31/2025 |
| 11 | RBC Emerging Markets Dividend Fund | 6,280,451 | 0 | 13,220,349.36 | 0.8614 | 0.1859 | 06/30/2025 |
| 12 | HSBC Global Investment Funds - Frontier Markets | 6,215,677 | 991,231 | 13,084,000.08 | 1.5059 | 0.184 | 01/31/2026 |
| 13 | BlackRock Strategic Fds. - Emerging Markets Equity Strategies | 6,167,373 | 0 | 12,982,320.16 | 0.9697 | 0.1826 | 01/31/2026 |
| 14 | DFA Emerging Markets Core Equity 2 Portfolio | 5,391,589 | -216,992 | 11,349,294.84 | 0.0326 | 0.1596 | 12/31/2025 |
| 15 | Coeli SICAV I - Frontier Markets | 4,559,346 | 1,116,017 | 9,597,423.33 | 3.0966 | 0.135 | 02/27/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 48,578,784 | 5,417,222 | 102,258,340.32 | 0.0949 | 1.4381 | 02/28/2026 |
| 2 | American Century Investment Management, Inc. | 11,018,150 | 3,879,043 | 23,193,205.75 | 0.0091 | 0.3262 | 02/27/2026 |
| 3 | Franklin Templeton Investments (ME) Ltd. | 3,720,963 | 3,720,963 | 7,832,627.12 | 1.7187 | 0.1102 | 02/28/2026 |
| 4 | Ashmore Investment Management Ltd. | 1,304,298 | 1,258,175 | 2,745,547.29 | 0.253 | 0.0386 | 01/30/2026 |
| 5 | Nordea Investment Management AB | 12,268,190 | 1,245,890 | 25,824,539.95 | 0.0312 | 0.3632 | 01/30/2026 |
| 6 | Coeli Asset Management AB | 4,559,346 | 1,116,017 | 9,597,423.33 | 1.3758 | 0.135 | 02/27/2026 |
| 7 | HSBC Global Asset Management (UK) Ltd. | 6,215,677 | 991,231 | 13,084,000.08 | 0.008 | 0.184 | 01/31/2026 |
| 8 | Symphonia SGR SpA | 795,577 | 795,577 | 1,674,689.58 | 0.3208 | 0.0236 | 12/29/2025 |
| 9 | Connor, Clark & Lunn Investment Management Ltd. | 781,773 | 755,687 | 1,645,632.16 | 0.004 | 0.0231 | 02/27/2026 |
| 10 | Abaco Capital SGIIC SA | 1,161,674 | 640,495 | 2,445,323.77 | 2.1758 | 0.0344 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Sprucegrove Investment Management Ltd. | 0 | -23,334,049 | 0 | 0 | 0 | |
| 2 | Schroder Investment Management Ltd. | 11,268,748 | -4,998,034 | 23,720,714.54 | 0.01 | 0.3336 | 01/31/2026 |
| 3 | Harding Loevner LP | 5,772,112 | -2,102,115 | 12,150,295.76 | 0.0519 | 0.1709 | 02/27/2026 |
| 4 | Bellevue Asset Management AG | 0 | -895,327 | 0 | 0 | 0 | |
| 5 | ARGA Investment Management LP | 16,946,587 | -874,852 | 35,672,565.64 | 0.1913 | 0.5017 | 10/31/2025 |
| 6 | East Capital Asia Ltd. | 6,704,881 | -654,264 | 14,113,774.5 | 1.2919 | 0.1985 | 01/30/2026 |
| 7 | Morgan Stanley Investment Management, Inc. | 2,652,684 | -539,570 | 5,583,899.82 | 0.0065 | 0.0785 | 02/28/2026 |
| 8 | Fiera Capital (UK) Ltd. | 5,731,753 | -346,349 | 12,065,340.06 | 0.3028 | 0.1697 | 11/30/2025 |
| 9 | UBS Asset Management Switzerland AG | 3,068,179 | -320,370 | 6,458,516.8 | 0.0019 | 0.0908 | 02/27/2026 |
| 10 | Charles Schwab Investment Management, Inc. | 3,258,035 | -291,304 | 6,858,163.68 | 0.0008 | 0.0965 | 02/27/2026 |
Data provided by FactSet Research Systems Inc.