| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Letko, Brosseau & Associates, Inc. | 7,276,402 | 7,208,296 | 83,169,274.86 | 1.2766 | 0.9758 | 12/31/2025 |
| 2 | Aperio Group LLC | 1,017,566 | 870,371 | 11,630,779.38 | 0.0091 | 0.1365 | 12/31/2025 |
| 3 | Goldman Sachs International | 964,424 | 804,702 | 11,023,366.32 | 0.1118 | 0.1293 | 12/31/2025 |
| 4 | SPX Gestao de Recursos Ltda. | 918,127 | 847,198 | 10,494,191.61 | 0.3952 | 0.1231 | 12/31/2025 |
| 5 | Parametric Portfolio Associates LLC | 852,564 | 845,954 | 9,744,806.52 | 0.0027 | 0.1143 | 12/31/2025 |
| 6 | Robeco Institutional Asset Management BV | 653,418 | 485,063 | 7,468,567.74 | 0.0071 | 0.0876 | 12/31/2025 |
| 7 | The Vanguard Group, Inc. | 648,267 | 0 | 7,409,691.81 | 0.0001 | 0.0869 | 12/31/2025 |
| 8 | Managed Account Advisors LLC | 574,018 | 574,018 | 6,561,025.74 | 0.001 | 0.077 | 12/31/2025 |
| 9 | Itau USA Asset Management, Inc. | 413,804 | 413,804 | 4,729,779.72 | 0.0767 | 0.0555 | 12/31/2025 |
| 10 | BlackRock Asset Management Canada Ltd. | 401,142 | 401,142 | 4,585,053.06 | 0.0042 | 0.0538 | 12/31/2025 |
| 11 | Renaissance Technologies LLC | 390,992 | 390,992 | 4,469,038.56 | 0.0072 | 0.0524 | 12/31/2025 |
| 12 | Optiver US LLC | 377,198 | 89,070 | 4,311,373.14 | 0.0842 | 0.0506 | 12/31/2025 |
| 13 | Quantinno Capital Management LP | 310,254 | 310,254 | 3,546,203.22 | 0.0077 | 0.0416 | 12/31/2025 |
| 14 | American Century Investment Management, Inc. | 249,571 | 200,887 | 2,852,596.53 | 0.0011 | 0.0335 | 12/31/2025 |
| 15 | Marshall Wace LLP | 189,754 | 189,754 | 2,168,888.22 | 0.0022 | 0.0254 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Emerging Markets Stock Index Fund | 1,907,642 | 1,528,503 | 21,804,348.06 | 0.0145 | 0.2558 | 02/28/2026 |
| 2 | iShares Global Infrastructure Index Fund | 437,562 | 437,562 | 5,001,333.66 | 0.5978 | 0.0587 | 02/27/2026 |
| 3 | Avantis Emerging Markets Equity ETF | 234,467 | 187,574 | 2,679,957.81 | 0.0138 | 0.0314 | 02/27/2026 |
| 4 | Vanguard Total International Stock Index Fund | 214,910 | 8,914 | 2,456,421.3 | 0.0004 | 0.0288 | 02/28/2026 |
| 5 | HSBC ETFs Plc - MSCI Emerging Markets | 213,734 | 213,734 | 2,442,979.62 | 0.0532 | 0.0287 | 02/27/2026 |
| 6 | BNY Mellon Global Fds. Plc - Brazil Equity Fund | 199,055 | 172,439 | 2,275,198.65 | 4.0269 | 0.0267 | 01/31/2026 |
| 7 | Vanguard FTSE All World (ex-US) Index Fund | 175,729 | 112,597 | 2,008,582.47 | 0.0024 | 0.0236 | 02/28/2026 |
| 8 | VanEck Low Carbon Energy ETF | 148,727 | 148,727 | 1,699,949.61 | 1.2872 | 0.0199 | 02/27/2026 |
| 9 | DWS Invest - Latin American Equities | 130,689 | 130,689 | 1,493,775.27 | 0.0599 | 0.0175 | 01/30/2026 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Trust | 129,000 | 99,391 | 1,474,470 | 0.0032 | 0.0173 | 01/31/2026 |
| 11 | Dimensional Emerging Core Equity Market ETF | 83,175 | 83,175 | 950,690.25 | 0.0123 | 0.0112 | 02/27/2026 |
| 12 | BlackRock ISF - iShares EM Screened Equity Index Fund (IE) | 71,874 | 71,874 | 821,519.82 | 0.1029 | 0.0096 | 02/28/2026 |
| 13 | Azvalor Managers, FI | 55,836 | 55,836 | 638,205.48 | 0.3427 | 0.0075 | 12/31/2025 |
| 14 | DWS Invest - Brazilian Equities | 41,702 | 41,702 | 476,653.86 | 0.2766 | 0.0056 | 01/30/2026 |
| 15 | Dimensional Emerging Markets Core Equity 2 ETF | 40,711 | 40,711 | 465,326.73 | 0.0063 | 0.0055 | 02/27/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Letko, Brosseau & Associates, Inc. | 7,276,402 | 7,208,296 | 83,169,274.86 | 1.2766 | 0.9758 | 12/31/2025 |
| 2 | Aperio Group LLC | 1,017,566 | 870,371 | 11,630,779.38 | 0.0091 | 0.1365 | 12/31/2025 |
| 3 | SPX Gestao de Recursos Ltda. | 918,127 | 847,198 | 10,494,191.61 | 0.3952 | 0.1231 | 12/31/2025 |
| 4 | Parametric Portfolio Associates LLC | 852,564 | 845,954 | 9,744,806.52 | 0.0027 | 0.1143 | 12/31/2025 |
| 5 | Goldman Sachs International | 964,424 | 804,702 | 11,023,366.32 | 0.1118 | 0.1293 | 12/31/2025 |
| 6 | Managed Account Advisors LLC | 574,018 | 574,018 | 6,561,025.74 | 0.001 | 0.077 | 12/31/2025 |
| 7 | Robeco Institutional Asset Management BV | 653,418 | 485,063 | 7,468,567.74 | 0.0071 | 0.0876 | 12/31/2025 |
| 8 | Itau USA Asset Management, Inc. | 413,804 | 413,804 | 4,729,779.72 | 0.0767 | 0.0555 | 12/31/2025 |
| 9 | BlackRock Asset Management Canada Ltd. | 401,142 | 401,142 | 4,585,053.06 | 0.0042 | 0.0538 | 12/31/2025 |
| 10 | Renaissance Technologies LLC | 390,992 | 390,992 | 4,469,038.56 | 0.0072 | 0.0524 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Merrill Lynch International (Investment Management) | 0 | -22,764 | 0 | 0 | 0 | |
| 2 | Citadel Securities LLC | 0 | -17,556 | 0 | 0 | 0 | |
| 3 | Morgan Stanley & Co. LLC | 40,856 | -3,242 | 466,984.08 | 0.0002 | 0.0055 | 12/31/2025 |
| 4 | Millennium Management LLC | 19,083 | -35 | 218,118.69 | 0.0002 | 0.0026 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.