| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Fiduciary Trust Co. | 1,901,219 | 46,882 | 23,765,237.5 | 0.0055 | 0.0925 | 09/30/2025 |
| 2 | Charles Schwab Investment Management, Inc. | 1,366,815 | 186,461 | 17,085,187.5 | 0.0019 | 0.0665 | 09/30/2025 |
| 3 | The Vanguard Group, Inc. | 1,260,615 | -91,507 | 15,757,687.5 | 0.0002 | 0.0613 | 09/30/2025 |
| 4 | BlackRock Fund Advisors | 1,091,754 | 62,257 | 13,646,925 | 0.0003 | 0.0531 | 09/30/2025 |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 766,290 | 267,513 | 9,578,625 | 0.004 | 0.0373 | 09/30/2025 |
| 6 | Truffle Hound Capital LLC | 550,000 | 0 | 6,875,000 | 3.6413 | 0.0268 | 09/30/2025 |
| 7 | Morgan Stanley & Co. LLC | 542,526 | 287,663 | 6,781,575 | 0.0022 | 0.0264 | 09/30/2025 |
| 8 | Allianz Global Investors GmbH | 520,754 | 95,080 | 6,509,425 | 0.0064 | 0.0253 | 09/30/2025 |
| 9 | American Century Investment Management, Inc. | 513,653 | 65,593 | 6,420,662.5 | 0.0024 | 0.025 | 09/30/2025 |
| 10 | D. E. Shaw & Co. LP | 501,449 | 293,369 | 6,268,112.5 | 0.0048 | 0.0244 | 09/30/2025 |
| 11 | Militia Capital Management LLC | 500,000 | -56,200 | 6,250,000 | 2.7573 | 0.0243 | 09/30/2025 |
| 12 | Two Sigma Investments LP | 466,266 | 244,106 | 5,828,325 | 0.0086 | 0.0227 | 09/30/2025 |
| 13 | Fisher Asset Management LLC | 456,219 | -600 | 5,702,737.5 | 0.0019 | 0.0222 | 09/30/2025 |
| 14 | Empirical Finance LLC | 423,622 | 122,756 | 5,295,275 | 0.24 | 0.0206 | 09/30/2025 |
| 15 | Empowered Funds LLC | 423,622 | 104,679 | 5,295,275 | 0.0417 | 0.0206 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 1,717,743 | 46,882 | 21,471,787.5 | 0.0068 | 0.0836 | 11/30/2025 |
| 2 | Schwab Fundamental Emerging Markets Equity ETF | 1,202,665 | 181,230 | 15,033,312.5 | 0.1724 | 0.0585 | 12/31/2025 |
| 3 | iShares Tr. - Latin America 40 ETF | 1,074,643 | 209,857 | 13,433,037.5 | 0.475 | 0.0523 | 12/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 842,544 | -38,893 | 10,531,800 | 0.0068 | 0.041 | 12/31/2025 |
| 5 | Avantis Emerging Markets Equity ETF | 562,089 | 129,988 | 7,026,112.5 | 0.0408 | 0.0273 | 12/31/2025 |
| 6 | MDPIM International Equity Pool | 225,309 | 0 | 2,816,362.5 | 0.0683 | 0.011 | 06/30/2025 |
| 7 | Vanguard FTSE All World (ex-US) Index Fund | 212,200 | 11,659 | 2,652,500 | 0.0032 | 0.0103 | 12/31/2025 |
| 8 | Schwab Fundamental Emerging Markets Equity Index Fund | 205,225 | 46,306 | 2,565,312.5 | 0.1725 | 0.01 | 12/31/2025 |
| 9 | Vanguard Institutional Total Intl. Stock Market Index Trust | 200,580 | 17,104 | 2,507,250 | 0.0054 | 0.0098 | 11/30/2025 |
| 10 | Allianz Global Investors Fund - Emerging Markets Equity | 195,970 | 54,195 | 2,449,625 | 0.4599 | 0.0095 | 09/30/2025 |
| 11 | SPDR S&P Global Natural Resources ETF | 192,666 | 22,662 | 2,408,325 | 0.057 | 0.0094 | 12/31/2025 |
| 12 | iShares Global Energy ETF | 166,931 | 2,220 | 2,086,637.5 | 0.1012 | 0.0081 | 12/31/2025 |
| 13 | ActivePassive International Equity ETF | 130,534 | 38,799 | 1,631,675 | 0.164 | 0.0063 | 12/31/2025 |
| 14 | Fisher Invts. Instl. Fds. Plc - Emerging Markets Eq. ESG Fund | 121,110 | -10,559 | 1,513,875 | 1.3105 | 0.0059 | 12/31/2025 |
| 15 | Allianz Global Investors Fund - Emerging Mkts Eq. Oppo. | 109,637 | 20,516 | 1,370,462.5 | 0.4695 | 0.0053 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Leap Investments LP | 341,400 | 305,000 | 4,267,500 | 0.0756 | 0.0166 | 09/30/2025 |
| 2 | D. E. Shaw & Co. LP | 501,449 | 293,369 | 6,268,112.5 | 0.0048 | 0.0244 | 09/30/2025 |
| 3 | Morgan Stanley & Co. LLC | 542,526 | 287,663 | 6,781,575 | 0.0022 | 0.0264 | 09/30/2025 |
| 4 | Two Sigma Advisers LP | 271,900 | 271,900 | 3,398,750 | 0.0065 | 0.0132 | 09/30/2025 |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 766,290 | 267,513 | 9,578,625 | 0.004 | 0.0373 | 09/30/2025 |
| 6 | Two Sigma Investments LP | 466,266 | 244,106 | 5,828,325 | 0.0086 | 0.0227 | 09/30/2025 |
| 7 | Brevan Howard Asset Management LLP | 362,904 | 212,904 | 4,536,300 | 0.0672 | 0.0177 | 09/30/2025 |
| 8 | Massar Capital Management LP | 240,000 | 200,000 | 3,000,000 | 1.015 | 0.0117 | 09/30/2025 |
| 9 | Aquatic Capital Management LLC | 190,108 | 190,108 | 2,376,350 | 0.0413 | 0.0092 | 09/30/2025 |
| 10 | Charles Schwab Investment Management, Inc. | 1,366,815 | 186,461 | 17,085,187.5 | 0.0019 | 0.0665 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Oaktree Capital Management LP | 0 | -3,549,822 | 0 | 0 | 0 | |
| 2 | Russell Investment Management LLC | 62,743 | -1,840,634 | 784,287.5 | 0.0008 | 0.0031 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 0 | -1,190,268 | 0 | 0 | 0 | |
| 4 | Candriam Belgium SA | 0 | -841,000 | 0 | 0 | 0 | |
| 5 | EARNEST Partners LLC | 29,742 | -414,106 | 371,775 | 0.0013 | 0.0014 | 09/30/2025 |
| 6 | Global X Management Co. (UK) Ltd. | 0 | -397,047 | 0 | 0 | 0 | |
| 7 | Militia Investments LLC | 0 | -300,866 | 0 | 0 | 0 | |
| 8 | Russell Investments Ltd. | 29,109 | -278,066 | 363,862.5 | 0.0037 | 0.0014 | 07/31/2025 |
| 9 | Lazard Asset Management LLC | 0 | -256,505 | 0 | 0 | 0 | |
| 10 | Managed Account Advisors LLC | 0 | -253,961 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.