| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Continental General Insurance Co. (Investment Portfolio) | 6,644,786 | 678,584 | 169,973,625.88 | 24.6928 | 9.9092 | 12/31/2025 |
| 2 | Polunin Capital Partners Ltd. | 1,458,705 | 1,458,705 | 37,313,673.9 | 3.2807 | 2.1753 | 12/31/2025 |
| 3 | Invesco Capital Management LLC | 1,429,565 | 145,658 | 36,568,272.7 | 0.0083 | 2.1319 | 12/31/2025 |
| 4 | Templeton Asset Management Ltd. | 1,410,664 | -1,238,627 | 36,084,785.12 | 0.1953 | 2.1037 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 1,342,125 | 1,034,430 | 34,331,557.5 | 0.012 | 2.0015 | 12/31/2025 |
| 6 | The Vanguard Group, Inc. | 1,330,120 | 11,622 | 34,024,469.6 | 0.0004 | 1.9836 | 12/31/2025 |
| 7 | Mackenzie Financial Corp. | 1,316,140 | -550,314 | 33,666,861.2 | 0.0292 | 1.9627 | 12/31/2025 |
| 8 | Arrowstreet Capital LP | 1,092,212 | 1,092,212 | 27,938,782.96 | 0.0148 | 1.6288 | 12/31/2025 |
| 9 | BlackRock Fund Advisors | 941,571 | -35,627 | 24,085,386.18 | 0.0005 | 1.4041 | 12/31/2025 |
| 10 | Foord Asset Management (Singapore) Pte Ltd. | 868,983 | 0 | 22,228,585.14 | 0.9507 | 1.2959 | 06/30/2025 |
| 11 | SSgA Funds Management, Inc. | 792,622 | -139,564 | 20,275,270.76 | 0.0006 | 1.182 | 12/31/2025 |
| 12 | Driehaus Capital Management LLC | 780,973 | 780,973 | 19,977,289.34 | 0.0919 | 1.1646 | 12/31/2025 |
| 13 | FIL Investment Management (Singapore) Ltd. | 594,033 | -175,657 | 15,195,364.14 | 0.11 | 0.8859 | 12/31/2025 |
| 14 | Marshall Wace LLP | 567,509 | 567,509 | 14,516,880.22 | 0.0137 | 0.8463 | 12/31/2025 |
| 15 | Charles Schwab Investment Management, Inc. | 544,760 | 206,704 | 13,934,960.8 | 0.0015 | 0.8124 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco Solar ETF | 1,426,727 | 356,120 | 36,495,676.66 | 2.3669 | 2.1276 | 01/30/2026 |
| 2 | Mackenzie Greenchip Global Environmental All Cap Fund | 977,994 | -291,023 | 25,017,086.52 | 1.0707 | 1.4585 | 11/30/2025 |
| 3 | Vanguard Total International Stock Index Fund | 621,174 | 0 | 15,889,630.92 | 0.0025 | 0.9263 | 01/31/2026 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 586,794 | 18,071 | 15,010,190.52 | 0.0093 | 0.8751 | 01/31/2026 |
| 5 | iShares Core MSCI Emerging Markets ETF | 521,042 | -23,674 | 13,328,254.36 | 0.0092 | 0.777 | 01/30/2026 |
| 6 | Schwab Fundamental Emerging Markets Equity ETF | 426,749 | 185,091 | 10,916,239.42 | 0.1189 | 0.6364 | 01/30/2026 |
| 7 | Fidelity Emerging Markets Discovery Fund | 400,260 | 400,260 | 10,238,650.8 | 0.7305 | 0.5969 | 12/31/2025 |
| 8 | Foord SICAV - Global Equity Fund LU | 378,983 | 0 | 9,694,385.14 | 1.9851 | 0.5652 | 06/30/2025 |
| 9 | Luxembourg Selection Fund - Active Solar | 360,000 | 125,000 | 9,208,800 | 6.186 | 0.5369 | 10/31/2025 |
| 10 | Foord Global Equity Fund | 340,000 | 0 | 8,697,200 | 1.9396 | 0.507 | 06/30/2025 |
| 11 | Fidelity Funds SICAV - China Focus Fund | 336,947 | -166,123 | 8,619,104.26 | 0.3354 | 0.5025 | 12/31/2025 |
| 12 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 321,964 | 0 | 8,235,839.12 | 0.0025 | 0.4801 | 12/31/2025 |
| 13 | Avantis Emerging Markets Equity ETF | 304,960 | 78,945 | 7,800,876.8 | 0.0398 | 0.4548 | 01/30/2026 |
| 14 | Templeton Emerging Markets Investment Trust Plc | 302,566 | -233,064 | 7,739,638.28 | 0.1964 | 0.4512 | 01/31/2026 |
| 15 | Templeton Global Smaller Companies Fund | 249,800 | 249,800 | 6,389,884 | 0.707 | 0.3725 | 01/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Polunin Capital Partners Ltd. | 1,458,705 | 1,458,705 | 37,313,673.9 | 3.2807 | 2.1753 | 12/31/2025 |
| 2 | Arrowstreet Capital LP | 1,092,212 | 1,092,212 | 27,938,782.96 | 0.0148 | 1.6288 | 12/31/2025 |
| 3 | Morgan Stanley & Co. LLC | 1,342,125 | 1,034,430 | 34,331,557.5 | 0.012 | 2.0015 | 12/31/2025 |
| 4 | Driehaus Capital Management LLC | 780,973 | 780,973 | 19,977,289.34 | 0.0919 | 1.1646 | 12/31/2025 |
| 5 | Continental General Insurance Co. (Investment Portfolio) | 6,644,786 | 678,584 | 169,973,625.88 | 24.6928 | 9.9092 | 12/31/2025 |
| 6 | Marshall Wace LLP | 567,509 | 567,509 | 14,516,880.22 | 0.0137 | 0.8463 | 12/31/2025 |
| 7 | Citadel Securities LLC | 492,542 | 492,542 | 12,599,224.36 | 0.0261 | 0.7345 | 12/31/2025 |
| 8 | Two Sigma Advisers LP | 445,900 | 445,900 | 11,406,122 | 0.0217 | 0.665 | 12/31/2025 |
| 9 | Fidelity Management & Research Co. LLC | 428,497 | 428,422 | 10,960,953.26 | 0.0006 | 0.639 | 12/31/2025 |
| 10 | Voloridge Investment Management LLC | 328,300 | 328,300 | 8,397,914 | 0.0286 | 0.4896 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Greenwoods Investments SG Pte Ltd. | 0 | -2,672,161 | 0 | 0 | 0 | |
| 2 | Point72 Asset Management LP | 0 | -1,670,885 | 0 | 0 | 0 | |
| 3 | Templeton Asset Management Ltd. | 1,410,664 | -1,238,627 | 36,084,785.12 | 0.1953 | 2.1037 | 12/31/2025 |
| 4 | Mackenzie Financial Corp. | 1,316,140 | -550,314 | 33,666,861.2 | 0.0292 | 1.9627 | 12/31/2025 |
| 5 | UBS Switzerland AG (Investment Management) | 0 | -397,164 | 0 | 0 | 0 | |
| 6 | Eastspring Investments (Singapore) Ltd. | 0 | -389,427 | 0 | 0 | 0 | |
| 7 | HSBC Bank Plc (Broker) | 0 | -367,237 | 0 | 0 | 0 | |
| 8 | Citadel Advisors LLC | 122,475 | -301,433 | 3,132,910.5 | 0.003 | 0.1826 | 12/31/2025 |
| 9 | CoreCommodity Management LLC | 12,283 | -245,282 | 314,199.14 | 0.0383 | 0.0183 | 12/31/2025 |
| 10 | Jane Street Capital LLC | 118,146 | -195,879 | 3,022,174.68 | 0.0035 | 0.1762 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.