| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 56,457,332 | 25,776,416 | 694,425,183.6 | 0.0702 | 1.2438 | 09/30/2025 |
| 2 | Capital Research & Management Co. (International Investors) | 46,215,387 | 16,482,077 | 568,449,260.1 | 0.0889 | 1.0182 | 09/30/2025 |
| 3 | GQG Partners LLC | 45,735,176 | 8,482,874 | 562,542,664.8 | 0.4392 | 1.0076 | 09/30/2025 |
| 4 | BlackRock Investment Management (UK) Ltd. | 41,138,001 | 6,058,421 | 505,997,412.3 | 0.0643 | 0.9063 | 09/30/2025 |
| 5 | Fidelity Management & Research Co. LLC | 38,597,470 | -38,408,523 | 474,748,881 | 0.0269 | 0.8504 | 09/30/2025 |
| 6 | Invesco Asset Management Ltd. | 27,973,822 | 27,973,822 | 344,078,010.6 | 0.3613 | 0.6163 | 09/30/2025 |
| 7 | Lazard Asset Management LLC | 22,272,507 | 3,194,873 | 273,951,836.1 | 0.2188 | 0.4907 | 09/30/2025 |
| 8 | Fisher Asset Management LLC | 21,742,504 | 5,271,445 | 267,432,799.2 | 0.0926 | 0.479 | 09/30/2025 |
| 9 | FIAM LLC | 16,282,645 | -15,259,854 | 200,276,533.5 | 0.1052 | 0.3587 | 09/30/2025 |
| 10 | BlackRock Fund Advisors | 14,418,235 | 2,561,692 | 177,344,290.5 | 0.0039 | 0.3177 | 09/30/2025 |
| 11 | Orbis Investment Management Ltd. | 13,573,795 | -17,684,194 | 166,957,678.5 | 0.473 | 0.299 | 09/30/2025 |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 13,177,654 | 1,654,183 | 162,085,144.2 | 0.4588 | 0.2903 | 09/30/2025 |
| 13 | Robeco Institutional Asset Management BV | 11,705,575 | 2,048,086 | 143,978,572.5 | 0.1312 | 0.2579 | 09/30/2025 |
| 14 | Mondrian Investment Partners Ltd. | 11,374,935 | -194,262 | 139,911,700.5 | 0.797 | 0.2506 | 09/30/2025 |
| 15 | SPX Gestao de Recursos Ltda. | 11,068,403 | 5,680,359 | 136,141,356.9 | 4.7939 | 0.2439 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds EuroPacific Growth Fund | 28,705,639 | 13,496,865 | 353,079,359.7 | 0.2596 | 0.6324 | 09/30/2025 |
| 2 | Invesco Developing Markets Fund | 27,844,981 | 27,844,981 | 342,493,266.3 | 3.0976 | 0.6135 | 09/30/2025 |
| 3 | GQG Partners Emerging Markets Equity Fund | 23,824,647 | 3,335,594 | 293,043,158.1 | 1.2103 | 0.5249 | 06/30/2025 |
| 4 | American Balanced Fund | 21,912,975 | 21,912,975 | 269,529,592.5 | 0.1553 | 0.4828 | 09/30/2025 |
| 5 | BlackRock World Mining Fund | 21,192,148 | 5,699,453 | 260,663,420.4 | 4.7994 | 0.4669 | 09/30/2025 |
| 6 | iShares Tr. - Latin America 40 ETF | 14,088,433 | 1,973,370 | 173,287,725.9 | 8.0454 | 0.3104 | 10/31/2025 |
| 7 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 13,646,170 | -8,025,600 | 167,847,891 | 0.6262 | 0.3006 | 09/30/2025 |
| 8 | American Funds New Perspective Fund | 12,393,023 | 0 | 152,434,182.9 | 0.0969 | 0.273 | 09/30/2025 |
| 9 | American Funds Capital World Growth & Income Fund | 9,999,903 | -40,982 | 122,998,806.9 | 0.089 | 0.2203 | 09/30/2025 |
| 10 | American Funds New World Fund | 9,843,093 | 38,956 | 121,070,043.9 | 0.171 | 0.2169 | 09/30/2025 |
| 11 | Fidelity Advisor Focused Emerging Markets Fund | 9,717,020 | -3,243,900 | 119,519,346 | 1.2377 | 0.2141 | 09/30/2025 |
| 12 | MFS Emerging Markets Equity Fund | 8,727,341 | -6,043,239 | 107,346,294.3 | 1.1095 | 0.1923 | 09/30/2025 |
| 13 | BlackRock World Mining Trust Plc | 8,713,556 | 2,910,837 | 107,176,738.8 | 6.1705 | 0.192 | 10/31/2025 |
| 14 | Capital Income Builder | 6,898,935 | 0 | 84,856,900.5 | 0.0912 | 0.152 | 09/30/2025 |
| 15 | azValor Internacional, FI | 6,718,412 | 2,655,338 | 82,636,467.6 | 3.0744 | 0.148 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco Asset Management Ltd. | 27,973,822 | 27,973,822 | 344,078,010.6 | 0.3613 | 0.6163 | 09/30/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 56,457,332 | 25,776,416 | 694,425,183.6 | 0.0702 | 1.2438 | 09/30/2025 |
| 3 | Capital Research & Management Co. (International Investors) | 46,215,387 | 16,482,077 | 568,449,260.1 | 0.0889 | 1.0182 | 09/30/2025 |
| 4 | Marshall Wace LLP | 9,171,875 | 9,158,635 | 112,814,062.5 | 0.1231 | 0.2021 | 09/30/2025 |
| 5 | GQG Partners LLC | 45,735,176 | 8,482,874 | 562,542,664.8 | 0.4392 | 1.0076 | 09/30/2025 |
| 6 | Millennium Management LLC | 7,667,894 | 7,393,651 | 94,315,096.2 | 0.0755 | 0.1689 | 09/30/2025 |
| 7 | Bridgewater Associates LP | 7,339,531 | 6,415,201 | 90,276,231.3 | 0.3534 | 0.1617 | 09/30/2025 |
| 8 | BlackRock Investment Management (UK) Ltd. | 41,138,001 | 6,058,421 | 505,997,412.3 | 0.0643 | 0.9063 | 09/30/2025 |
| 9 | RWC Asset Advisors (US) LLC | 5,986,453 | 5,986,453 | 73,633,371.9 | 1.2753 | 0.1319 | 09/30/2025 |
| 10 | SPX Gestao de Recursos Ltda. | 11,068,403 | 5,680,359 | 136,141,356.9 | 4.7939 | 0.2439 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 38,597,470 | -38,408,523 | 474,748,881 | 0.0269 | 0.8504 | 09/30/2025 |
| 2 | Orbis Investment Management Ltd. | 13,573,795 | -17,684,194 | 166,957,678.5 | 0.473 | 0.299 | 09/30/2025 |
| 3 | FIAM LLC | 16,282,645 | -15,259,854 | 200,276,533.5 | 0.1052 | 0.3587 | 09/30/2025 |
| 4 | Schroder Investment Management North America, Inc. | 48,013 | -9,499,967 | 590,559.9 | 0.0035 | 0.0011 | 09/30/2025 |
| 5 | Schroder Investment Management Ltd. | 2,821,931 | -8,274,932 | 34,709,751.3 | 0.0144 | 0.0622 | 09/30/2025 |
| 6 | Fidelity Management & Research (Hong Kong) Ltd. | 0 | -6,304,500 | 0 | 0 | 0 | |
| 7 | Massachusetts Financial Services Co. | 9,276,255 | -6,286,733 | 114,097,936.5 | 0.0357 | 0.2044 | 09/30/2025 |
| 8 | T. Rowe Price Singapore Pte Ltd. | 0 | -6,279,177 | 0 | 0 | 0 | |
| 9 | Goldman Sachs Asset Management LP | 1,153,613 | -6,010,708 | 14,189,439.9 | 0.0028 | 0.0254 | 09/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 5,800,211 | -5,120,300 | 71,342,595.3 | 0.0249 | 0.1278 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.