| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Susquehanna Financial Group LLLP | 16,492,230 | -2,600 | 81,966,383.1 | 0.1156 | 11.774 | 12/31/2025 |
| 2 | Acadian Asset Management LLC | 4,181,715 | -1,074,563 | 20,783,123.55 | 0.0287 | 2.9854 | 12/31/2025 |
| 3 | Bank of America, NA (Private Banking) | 3,606,935 | 747,763 | 17,926,466.95 | 0.0053 | 2.575 | 12/31/2025 |
| 4 | Causeway Capital Management LLC | 2,761,927 | -72,856 | 13,726,777.19 | 0.0291 | 1.9718 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 2,697,481 | 67,853 | 13,406,480.57 | 0.0047 | 1.9258 | 12/31/2025 |
| 6 | Qube Research & Technologies Ltd. | 2,463,779 | 166,405 | 12,244,981.63 | 0.0171 | 1.7589 | 12/31/2025 |
| 7 | BlackRock Fund Advisors | 2,319,933 | 98,458 | 11,530,067.01 | 0.0002 | 1.6562 | 12/31/2025 |
| 8 | SSgA Funds Management, Inc. | 2,080,720 | -542,824 | 10,341,178.4 | 0.0003 | 1.4854 | 12/31/2025 |
| 9 | Arrowstreet Capital LP | 1,968,404 | -544,570 | 9,782,967.88 | 0.0052 | 1.4053 | 12/31/2025 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 1,958,106 | 512,560 | 9,731,786.82 | 0.0043 | 1.3979 | 12/31/2025 |
| 11 | Dimensional Fund Advisors LP | 1,943,313 | -163,282 | 9,658,265.61 | 0.0013 | 1.3873 | 12/31/2025 |
| 12 | The Vanguard Group, Inc. | 1,888,002 | 1,030 | 9,383,369.94 | 0.0001 | 1.3479 | 12/31/2025 |
| 13 | Janus Henderson Investors UK Ltd. | 1,746,206 | 600,000 | 8,678,643.82 | 0.0142 | 1.2466 | 12/31/2025 |
| 14 | Lazard Asset Management LLC | 1,432,708 | 198,874 | 7,120,558.76 | 0.0061 | 1.0228 | 12/31/2025 |
| 15 | American Century Investment Management, Inc. | 1,101,671 | 123,284 | 5,475,304.87 | 0.002 | 0.7865 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco International Dividend Achievers ETF | 4,830,389 | 4,830,389 | 24,007,033.33 | 2.7043 | 3.4485 | 03/31/2026 |
| 2 | iShares Core MSCI Emerging Markets ETF | 1,571,075 | 114,309 | 7,808,242.75 | 0.0055 | 1.1216 | 03/31/2026 |
| 3 | Henderson Far East Income Ltd. | 1,453,755 | 860,335 | 7,225,162.35 | 1.0548 | 1.0378 | 10/31/2025 |
| 4 | Avantis Emerging Markets Equity ETF | 1,031,930 | 218,697 | 5,128,692.1 | 0.0241 | 0.7367 | 03/31/2026 |
| 5 | DFA Emerging Markets Core Equity 2 Portfolio | 983,717 | 0 | 4,889,073.49 | 0.0131 | 0.7023 | 12/31/2025 |
| 6 | Vanguard Total International Stock Index Fund | 832,799 | 0 | 4,139,011.03 | 0.0007 | 0.5945 | 02/28/2026 |
| 7 | Vanguard Emerging Markets Stock Index Fund | 760,745 | 0 | 3,780,902.65 | 0.0024 | 0.5431 | 02/28/2026 |
| 8 | JNL Multi Manager International Small Cap Fund | 667,922 | 0 | 3,319,572.34 | 0.4305 | 0.4768 | 12/31/2025 |
| 9 | Government Pension Fund - Global (The) | 624,435 | -1,119,816 | 3,103,441.95 | 0.0002 | 0.4458 | 12/31/2025 |
| 10 | State Street SPDR S&P Kensho New Economies Composite ETF | 574,713 | -329,352 | 2,856,323.61 | 0.1153 | 0.4103 | 03/31/2026 |
| 11 | State Street AUT Emerging Market Tilted Index Equity Fund | 492,900 | 0 | 2,449,713 | 0.0244 | 0.3519 | 02/28/2026 |
| 12 | Causeway International Small Cap Fund | 488,064 | -26,550 | 2,425,678.08 | 0.7504 | 0.3484 | 12/31/2025 |
| 13 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 405,324 | -27,521 | 2,014,460.28 | 0.0007 | 0.2894 | 02/28/2026 |
| 14 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 401,220 | 49,954 | 1,994,063.4 | 0.0051 | 0.2864 | 03/31/2026 |
| 15 | DFA Dimensional Emerging Markets Value Fund | 399,473 | -73,055 | 1,985,380.81 | 0.0137 | 0.2852 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Bank of America, NA (Private Banking) | 3,606,935 | 747,763 | 17,926,466.95 | 0.0053 | 2.575 | 12/31/2025 |
| 2 | Janus Henderson Investors UK Ltd. | 1,746,206 | 600,000 | 8,678,643.82 | 0.0142 | 1.2466 | 12/31/2025 |
| 3 | Goldman Sachs & Co. LLC (Private Banking) | 1,958,106 | 512,560 | 9,731,786.82 | 0.0043 | 1.3979 | 12/31/2025 |
| 4 | XTX Markets LLC | 504,741 | 504,741 | 2,508,562.77 | 0.065 | 0.3603 | 12/31/2025 |
| 5 | Citadel Securities LLC | 655,726 | 375,193 | 3,258,958.22 | 0.0068 | 0.4681 | 12/31/2025 |
| 6 | Lighthouse Investment Partners LLC | 300,000 | 300,000 | 1,491,000 | 0.0474 | 0.2142 | 12/31/2025 |
| 7 | Legal & General Investment Management Ltd. | 256,893 | 241,155 | 1,276,758.21 | 0.0004 | 0.1834 | 12/31/2025 |
| 8 | Jane Street Capital LLC | 648,039 | 239,628 | 3,220,753.83 | 0.0037 | 0.4626 | 12/31/2025 |
| 9 | Maven Investment Partners Ltd. | 488,809 | 224,500 | 2,429,380.73 | 0.3092 | 0.349 | 12/31/2025 |
| 10 | Lazard Asset Management LLC | 1,432,708 | 198,874 | 7,120,558.76 | 0.0061 | 1.0228 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Eastspring Investments (Singapore) Ltd. | 0 | -1,822,693 | 0 | 0 | 0 | |
| 2 | Numeric Investors LLC | 26,688 | -1,375,640 | 132,639.36 | 0.0003 | 0.0191 | 12/31/2025 |
| 3 | Marshall Wace LLP | 230,308 | -1,234,681 | 1,144,630.76 | 0.0011 | 0.1644 | 12/31/2025 |
| 4 | Norges Bank Investment Management | 624,435 | -1,119,817 | 3,103,441.95 | 0.0002 | 0.4458 | 12/31/2025 |
| 5 | Acadian Asset Management LLC | 4,181,715 | -1,074,563 | 20,783,123.55 | 0.0287 | 2.9854 | 12/31/2025 |
| 6 | Ariose Capital Management Ltd. | 0 | -780,955 | 0 | 0 | 0 | |
| 7 | Cederberg Capital Ltd. | 0 | -680,600 | 0 | 0 | 0 | |
| 8 | Arrowstreet Capital LP | 1,968,404 | -544,570 | 9,782,967.88 | 0.0052 | 1.4053 | 12/31/2025 |
| 9 | SSgA Funds Management, Inc. | 2,080,720 | -542,824 | 10,341,178.4 | 0.0003 | 1.4854 | 12/31/2025 |
| 10 | Ativo Capital Management LLC | 0 | -542,790 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.