| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 104,839,174 | 48,381,842 | 1,727,749,587.52 | 0.1568 | 2.3097 | 03/31/2026 |
| 2 | Arrowstreet Capital LP | 47,947,703 | 46,169,769 | 790,178,145.44 | 0.3645 | 1.0563 | 03/31/2026 |
| 3 | BlackRock Investment Management (UK) Ltd. | 38,760,058 | -2,377,943 | 638,765,755.84 | 0.0728 | 0.8539 | 03/31/2026 |
| 4 | Fidelity Management & Research Co. LLC | 38,579,237 | -18,233 | 635,785,825.76 | 0.0318 | 0.8499 | 03/31/2026 |
| 5 | Morgan Stanley Latam LLC | 34,130,577 | 34,130,477 | 562,471,908.96 | 43.4995 | 0.7519 | 03/31/2026 |
| 6 | Robeco Institutional Asset Management BV | 27,561,997 | 15,856,422 | 454,221,710.56 | 0.356 | 0.6072 | 03/31/2026 |
| 7 | BlackRock Fund Advisors | 25,444,101 | 11,025,866 | 419,318,784.48 | 0.008 | 0.5606 | 03/31/2026 |
| 8 | Lazard Asset Management LLC | 23,685,915 | 1,413,408 | 390,343,879.2 | 0.31 | 0.5218 | 03/31/2026 |
| 9 | Fisher Asset Management LLC | 22,519,675 | 777,171 | 371,124,244 | 0.1121 | 0.4961 | 03/31/2026 |
| 10 | Orbis Investment Management Ltd. | 19,372,500 | 5,798,705 | 319,258,800 | 0.755 | 0.4268 | 03/31/2026 |
| 11 | Itau USA Asset Management, Inc. | 17,874,446 | 11,907,366 | 294,570,870.08 | 4.4666 | 0.3938 | 03/31/2026 |
| 12 | Goldman Sachs & Co. LLC (Private Banking) | 16,968,725 | 13,388,453 | 279,644,588 | 0.0866 | 0.3738 | 03/31/2026 |
| 13 | GQG Partners LLC | 16,574,442 | -29,160,734 | 273,146,804.16 | 0.2015 | 0.3652 | 03/31/2026 |
| 14 | Assenagon Asset Management SA (Germany) | 15,663,641 | 13,752,562 | 258,136,803.68 | 0.3275 | 0.3451 | 03/31/2026 |
| 15 | FIAM LLC | 15,236,043 | -1,046,602 | 251,089,988.64 | 0.1047 | 0.3357 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds EUPAC Fund | 40,004,807 | 11,299,168 | 659,279,219.36 | 0.4873 | 0.8814 | 03/31/2026 |
| 2 | GQG Partners Emerging Markets Equity Fund | 34,800,434 | 10,975,787 | 573,511,152.32 | 2.4171 | 0.7667 | 12/31/2025 |
| 3 | iShares Tr. - Latin America 40 ETF | 26,784,647 | 12,696,214 | 441,410,982.56 | 9.3145 | 0.5901 | 04/30/2026 |
| 4 | BlackRock World Mining Fund | 23,621,569 | 0 | 389,283,457.12 | 5.0854 | 0.5204 | 04/30/2026 |
| 5 | American Funds Income Fund of America | 21,864,276 | 21,864,276 | 360,323,268.48 | 0.3541 | 0.4817 | 03/31/2026 |
| 6 | American Funds Capital World Growth & Income Fund | 18,418,666 | 8,418,763 | 303,539,615.68 | 0.1983 | 0.4058 | 03/31/2026 |
| 7 | Invesco Developing Markets Fund | 12,666,225 | -13,470,910 | 208,739,388 | 2.2613 | 0.2791 | 03/31/2026 |
| 8 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 11,591,770 | -1,503,600 | 191,032,369.6 | 0.6072 | 0.2554 | 03/31/2026 |
| 9 | American Funds Growth Fund of America | 10,435,289 | 10,435,289 | 171,973,562.72 | 0.0503 | 0.2299 | 03/31/2026 |
| 10 | Fidelity Advisor Focused Emerging Markets Fund | 8,647,220 | 208,100 | 142,506,185.6 | 1.0802 | 0.1905 | 03/31/2026 |
| 11 | Fidelity Global Innovators Investment Trust | 8,533,055 | 8,533,055 | 140,624,746.4 | 0.4449 | 0.188 | 02/28/2026 |
| 12 | Avantis Emerging Markets Equity ETF | 7,692,524 | 3,295,778 | 126,772,795.52 | 0.5214 | 0.1695 | 04/30/2026 |
| 13 | Lazard Emerging Markets Equity Portfolio | 7,462,741 | 1,302,364 | 122,985,971.68 | 1.3688 | 0.1644 | 04/30/2026 |
| 14 | BlackRock World Mining Trust Plc | 6,600,507 | -2,113,049 | 108,776,355.36 | 4.4949 | 0.1454 | 04/30/2026 |
| 15 | MFS Emerging Markets Equity Fund | 6,465,161 | -2,175,314 | 106,545,853.28 | 1.0017 | 0.1424 | 04/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 104,839,174 | 48,381,842 | 1,727,749,587.52 | 0.1568 | 2.3097 | 03/31/2026 |
| 2 | Arrowstreet Capital LP | 47,947,703 | 46,169,769 | 790,178,145.44 | 0.3645 | 1.0563 | 03/31/2026 |
| 3 | Morgan Stanley Latam LLC | 34,130,577 | 34,130,477 | 562,471,908.96 | 43.4995 | 0.7519 | 03/31/2026 |
| 4 | Robeco Institutional Asset Management BV | 27,561,997 | 15,856,422 | 454,221,710.56 | 0.356 | 0.6072 | 03/31/2026 |
| 5 | Assenagon Asset Management SA (Germany) | 15,663,641 | 13,752,562 | 258,136,803.68 | 0.3275 | 0.3451 | 03/31/2026 |
| 6 | Goldman Sachs & Co. LLC (Private Banking) | 16,968,725 | 13,388,453 | 279,644,588 | 0.0866 | 0.3738 | 03/31/2026 |
| 7 | Merrill Lynch International (Investment Management) | 13,516,416 | 13,346,281 | 222,750,535.68 | 0.8937 | 0.2978 | 03/31/2026 |
| 8 | Itau USA Asset Management, Inc. | 17,874,446 | 11,907,366 | 294,570,870.08 | 4.4666 | 0.3938 | 03/31/2026 |
| 9 | BlackRock Fund Advisors | 25,444,101 | 11,025,866 | 419,318,784.48 | 0.008 | 0.5606 | 03/31/2026 |
| 10 | Jane Street Capital LLC | 10,156,515 | 9,450,225 | 167,379,367.2 | 0.151 | 0.2238 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (International Investors) | 3,593,319 | -42,622,068 | 59,217,897.12 | 0.011 | 0.0792 | 03/31/2026 |
| 2 | GQG Partners LLC | 16,574,442 | -29,160,734 | 273,146,804.16 | 0.2015 | 0.3652 | 03/31/2026 |
| 3 | Invesco Asset Management Ltd. | 12,666,225 | -15,307,597 | 208,739,388 | 0.201 | 0.2791 | 03/31/2026 |
| 4 | Marshall Wace LLP | 526,302 | -8,645,573 | 8,673,456.96 | 0.008 | 0.0116 | 03/31/2026 |
| 5 | Ninety One UK Ltd. | 0 | -7,632,938 | 0 | 0 | 0 | |
| 6 | BofA Securities, Inc. | 908,619 | -6,554,451 | 14,974,041.12 | 0.0204 | 0.02 | 03/31/2026 |
| 7 | Goldman Sachs International | 1,667,277 | -6,098,084 | 27,476,724.96 | 0.2123 | 0.0367 | 03/31/2026 |
| 8 | SPX Gestao de Recursos Ltda. | 5,539,608 | -5,528,795 | 91,292,739.84 | 3.2104 | 0.122 | 03/31/2026 |
| 9 | Susquehanna Financial Group LLLP | 1,035,030 | -5,236,274 | 17,057,294.4 | 0.0193 | 0.0228 | 03/31/2026 |
| 10 | Driehaus Capital Management LLC | 3,667,947 | -4,518,567 | 60,447,766.56 | 0.2754 | 0.0808 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.