| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 89,322,261 | 32,864,929 | 1,487,215,645.65 | 0.1472 | 1.9679 | 12/31/2025 |
| 2 | GQG Partners LLC | 65,132,572 | 19,397,396 | 1,084,457,323.8 | 0.8078 | 1.435 | 12/31/2025 |
| 3 | BlackRock Investment Management (UK) Ltd. | 43,043,875 | 1,905,874 | 716,680,518.75 | 0.0855 | 0.9483 | 12/31/2025 |
| 4 | Arrowstreet Capital LP | 41,596,000 | 39,818,066 | 692,573,400 | 0.369 | 0.9164 | 12/31/2025 |
| 5 | Fidelity Management & Research Co. LLC | 35,906,718 | -2,690,752 | 597,846,854.7 | 0.0326 | 0.7911 | 12/31/2025 |
| 6 | Capital Research & Management Co. (International Investors) | 27,642,423 | -18,572,964 | 460,246,342.95 | 0.0663 | 0.609 | 12/31/2025 |
| 7 | Lazard Asset Management LLC | 22,480,635 | 208,128 | 374,302,572.75 | 0.3228 | 0.4953 | 12/31/2025 |
| 8 | Fisher Asset Management LLC | 21,597,376 | -145,128 | 359,596,310.4 | 0.1173 | 0.4758 | 12/31/2025 |
| 9 | Robeco Institutional Asset Management BV | 20,809,302 | 9,103,727 | 346,474,878.3 | 0.3035 | 0.4585 | 12/31/2025 |
| 10 | FIAM LLC | 18,725,993 | 2,443,348 | 311,787,783.45 | 0.1509 | 0.4126 | 12/31/2025 |
| 11 | Orbis Investment Management Ltd. | 18,242,181 | 4,668,386 | 303,732,313.65 | 0.7463 | 0.4019 | 12/31/2025 |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 17,937,883 | 4,760,229 | 298,665,751.95 | 0.6776 | 0.3952 | 12/31/2025 |
| 13 | BlackRock Fund Advisors | 17,099,848 | 2,681,613 | 284,712,469.2 | 0.0059 | 0.3767 | 12/31/2025 |
| 14 | Invesco Asset Management Ltd. | 16,356,231 | -11,617,591 | 272,331,246.15 | 0.2837 | 0.3603 | 12/31/2025 |
| 15 | Mondrian Investment Partners Ltd. | 11,419,957 | 45,022 | 190,142,284.05 | 1.1192 | 0.2516 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners Emerging Markets Equity Fund | 34,800,434 | 10,975,787 | 579,427,226.1 | 2.4362 | 0.7667 | 12/31/2025 |
| 2 | American Balanced Fund | 34,792,169 | 12,879,194 | 579,289,613.85 | 0.3128 | 0.7665 | 12/31/2025 |
| 3 | BlackRock World Mining Fund | 23,621,569 | 2,429,421 | 393,299,123.85 | 5.0494 | 0.5204 | 02/28/2026 |
| 4 | iShares Tr. - Latin America 40 ETF | 23,546,951 | 10,255,030 | 392,056,734.15 | 8.8203 | 0.5188 | 03/31/2026 |
| 5 | American Funds EUPAC Fund | 22,988,209 | -5,717,430 | 382,753,679.85 | 0.2837 | 0.5065 | 12/31/2025 |
| 6 | American Funds Income Fund of America | 16,285,994 | 16,285,994 | 271,161,800.1 | 0.2548 | 0.3588 | 12/31/2025 |
| 7 | Invesco Developing Markets Fund | 13,492,161 | -14,352,820 | 224,644,480.65 | 2.4492 | 0.2972 | 01/31/2026 |
| 8 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 11,591,770 | -2,054,400 | 193,002,970.5 | 0.6936 | 0.2554 | 02/28/2026 |
| 9 | American Funds New Perspective Fund | 11,225,003 | -1,168,020 | 186,896,299.95 | 0.1193 | 0.2473 | 12/31/2025 |
| 10 | American Funds Capital World Growth & Income Fund | 9,999,903 | 0 | 166,498,384.95 | 0.1145 | 0.2203 | 12/31/2025 |
| 11 | Fidelity Global Innovators Investment Trust | 7,837,955 | 7,837,955 | 130,501,950.75 | 0.4907 | 0.1727 | 01/31/2026 |
| 12 | Avantis Emerging Markets Equity ETF | 7,371,445 | 3,120,926 | 122,734,559.25 | 0.5764 | 0.1624 | 03/31/2026 |
| 13 | Lazard Emerging Markets Equity Portfolio | 7,224,724 | 1,137,085 | 120,291,654.6 | 1.4758 | 0.1592 | 02/28/2026 |
| 14 | Capital Income Builder | 6,898,935 | 0 | 114,867,267.75 | 0.1152 | 0.152 | 12/31/2025 |
| 15 | MFS Emerging Markets Equity Fund | 6,632,050 | -2,095,291 | 110,423,632.5 | 1.1028 | 0.1461 | 02/28/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Arrowstreet Capital LP | 41,596,000 | 39,818,066 | 692,573,400 | 0.369 | 0.9164 | 12/31/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 89,322,261 | 32,864,929 | 1,487,215,645.65 | 0.1472 | 1.9679 | 12/31/2025 |
| 3 | GQG Partners LLC | 65,132,572 | 19,397,396 | 1,084,457,323.8 | 0.8078 | 1.435 | 12/31/2025 |
| 4 | Robeco Institutional Asset Management BV | 20,809,302 | 9,103,727 | 346,474,878.3 | 0.3035 | 0.4585 | 12/31/2025 |
| 5 | AQR Capital Management LLC | 9,530,954 | 8,502,501 | 158,690,384.1 | 0.0743 | 0.21 | 12/31/2025 |
| 6 | Two Sigma Investments LP | 7,758,691 | 6,336,976 | 129,182,205.15 | 0.1926 | 0.1709 | 12/31/2025 |
| 7 | Truist Advisory Services, Inc. | 5,284,199 | 5,238,557 | 87,981,913.35 | 0.2133 | 0.1164 | 12/31/2025 |
| 8 | Holocene Advisors, LP | 7,532,061 | 5,227,544 | 125,408,815.65 | 0.2654 | 0.1659 | 12/31/2025 |
| 9 | Acadian Asset Management LLC | 5,095,487 | 5,041,710 | 84,839,858.55 | 0.1172 | 0.1123 | 12/31/2025 |
| 10 | Connor, Clark & Lunn Investment Management Ltd. | 17,937,883 | 4,760,229 | 298,665,751.95 | 0.6776 | 0.3952 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (International Investors) | 27,642,423 | -18,572,964 | 460,246,342.95 | 0.0663 | 0.609 | 12/31/2025 |
| 2 | Invesco Asset Management Ltd. | 16,356,231 | -11,617,591 | 272,331,246.15 | 0.2837 | 0.3603 | 12/31/2025 |
| 3 | SPX Gestao de Recursos Ltda. | 395,018 | -10,673,385 | 6,577,049.7 | 0.2246 | 0.0087 | 12/31/2025 |
| 4 | Marshall Wace LLP | 3,165,210 | -6,006,665 | 52,700,746.5 | 0.0501 | 0.0697 | 12/31/2025 |
| 5 | BofA Securities, Inc. | 2,922,690 | -4,540,380 | 48,662,788.5 | 0.0754 | 0.0644 | 12/31/2025 |
| 6 | Contrarian Capital Management LLC | 0 | -3,551,171 | 0 | 0 | 0 | |
| 7 | Woodline Partners LP | 0 | -3,320,210 | 0 | 0 | 0 | |
| 8 | UBS Switzerland AG (Investment Management) | 0 | -3,097,007 | 0 | 0 | 0 | |
| 9 | Fidelity Management & Research Co. LLC | 35,906,718 | -2,690,752 | 597,846,854.7 | 0.0326 | 0.7911 | 12/31/2025 |
| 10 | Nomura Investment Management Business Trust | 1,570,579 | -2,671,596 | 26,150,140.35 | 0.0346 | 0.0346 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.