| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 3,124,144 | 3,124,144 | 151,239,811.04 | 0.1186 | 2.3578 | 09/30/2025 |
| 2 | Susquehanna Financial Group LLLP | 2,341,111 | 2,294,425 | 113,333,183.51 | 0.1737 | 1.7668 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 1,658,612 | 385,680 | 80,293,406.92 | 0.1015 | 1.2518 | 09/30/2025 |
| 4 | RWC Asset Advisors (US) LLC | 1,540,187 | 1,312,717 | 74,560,452.67 | 1.2637 | 1.1624 | 09/30/2025 |
| 5 | T. Rowe Price Hong Kong Ltd. | 1,517,595 | 611,748 | 73,466,773.95 | 0.2769 | 1.1453 | 09/30/2025 |
| 6 | INCA Investments LLC | 1,080,161 | -18,329 | 52,290,594.01 | 21.1568 | 0.8152 | 09/30/2025 |
| 7 | Morgan Stanley & Co. International Plc | 949,762 | 536,373 | 45,977,978.42 | 0.4336 | 0.7168 | 09/30/2025 |
| 8 | Driehaus Capital Management LLC | 940,420 | 312,363 | 45,525,732.2 | 0.2295 | 0.7097 | 09/30/2025 |
| 9 | Itau USA Asset Management, Inc. | 861,049 | 391,777 | 41,683,382.09 | 0.8782 | 0.6498 | 09/30/2025 |
| 10 | RWC Asset Management LLP | 826,175 | 781,840 | 39,995,131.75 | 0.4002 | 0.6235 | 09/30/2025 |
| 11 | Verition Fund Management LLC | 683,533 | 683,533 | 33,089,832.53 | 0.1867 | 0.5159 | 09/30/2025 |
| 12 | PointState Capital LP | 588,619 | -915,538 | 28,495,045.79 | 0.4728 | 0.4442 | 09/30/2025 |
| 13 | Rokos Capital Management LLP | 489,593 | 379,834 | 23,701,197.13 | 0.2768 | 0.3695 | 09/30/2025 |
| 14 | Ping Capital Management, Inc. | 408,000 | 26,841 | 19,751,280 | 8.6861 | 0.3079 | 09/30/2025 |
| 15 | Samlyn Capital LLC | 329,522 | 329,522 | 15,952,160.02 | 0.2189 | 0.2487 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners Emerging Markets Equity Fund | 2,040,261 | 2,040,261 | 98,769,035.01 | 0.4238 | 1.5398 | 09/30/2025 |
| 2 | Global X MSCI Argentina ETF | 1,060,341 | -377,609 | 51,331,107.81 | 6.6394 | 0.8002 | 11/28/2025 |
| 3 | Redwheel Next Generation Emerging Markets Equity Fund | 701,820 | 701,820 | 33,975,106.2 | 1.7931 | 0.5297 | 10/31/2025 |
| 4 | Eaton Vance Emerging & Frontier Countries Equity Fund | 561,880 | 127,857 | 27,200,610.8 | 1.0346 | 0.4241 | 10/31/2025 |
| 5 | T. Rowe Price Emerging Markets Discovery Stock Fund | 545,811 | 215,700 | 26,422,710.51 | 0.4553 | 0.4119 | 09/30/2025 |
| 6 | Driehaus Mutual Funds - Emerging Markets Growth Fund | 503,270 | 1,795 | 24,363,300.7 | 0.5962 | 0.3798 | 10/31/2025 |
| 7 | DWS Invest - Latin American Equities | 443,110 | 443,110 | 21,450,955.1 | 1.0683 | 0.3344 | 09/30/2025 |
| 8 | Eaton Vance Global Macro Capital Opportunities Portfolio | 434,023 | 149,098 | 21,011,053.43 | 0.9214 | 0.3276 | 07/31/2025 |
| 9 | TT International Funds Plc - Emerging Markets Unconstrained | 416,885 | 0 | 20,181,402.85 | 2.1558 | 0.3146 | 05/31/2025 |
| 10 | State Board of Administration of Florida Retirement System | 392,774 | -296,465 | 19,014,189.34 | 0.0165 | 0.2964 | 06/30/2025 |
| 11 | Redwheel Global Emerging Markets Fund | 376,949 | 349,022 | 18,248,101.09 | 2.1608 | 0.2845 | 10/31/2025 |
| 12 | Larrainvial AM SICAV - Latin American Equity Fund | 302,680 | 0 | 14,652,738.8 | 1.0661 | 0.2284 | 12/31/2024 |
| 13 | GQG Global UCITS ICAV - Partners Emerging Markets Equity Fund | 220,387 | 220,387 | 10,668,934.67 | 0.4189 | 0.1663 | 06/30/2025 |
| 14 | Redwheel Emerging Markets Equity Fund Ltd. | 218,137 | 0 | 10,560,012.17 | 0.2991 | 0.1646 | 06/28/2024 |
| 15 | Russell Tax Managed International Equity Fund | 176,980 | 146,335 | 8,567,601.8 | 0.1648 | 0.1336 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 3,124,144 | 3,124,144 | 151,239,811.04 | 0.1186 | 2.3578 | 09/30/2025 |
| 2 | Susquehanna Financial Group LLLP | 2,341,111 | 2,294,425 | 113,333,183.51 | 0.1737 | 1.7668 | 09/30/2025 |
| 3 | RWC Asset Advisors (US) LLC | 1,540,187 | 1,312,717 | 74,560,452.67 | 1.2637 | 1.1624 | 09/30/2025 |
| 4 | RWC Asset Management LLP | 826,175 | 781,840 | 39,995,131.75 | 0.4002 | 0.6235 | 09/30/2025 |
| 5 | Verition Fund Management LLC | 683,533 | 683,533 | 33,089,832.53 | 0.1867 | 0.5159 | 09/30/2025 |
| 6 | T. Rowe Price Hong Kong Ltd. | 1,517,595 | 611,748 | 73,466,773.95 | 0.2769 | 1.1453 | 09/30/2025 |
| 7 | Morgan Stanley & Co. International Plc | 949,762 | 536,373 | 45,977,978.42 | 0.4336 | 0.7168 | 09/30/2025 |
| 8 | Itau USA Asset Management, Inc. | 861,049 | 391,777 | 41,683,382.09 | 0.8782 | 0.6498 | 09/30/2025 |
| 9 | Global X Management Co. LLC | 1,658,612 | 385,680 | 80,293,406.92 | 0.1015 | 1.2518 | 09/30/2025 |
| 10 | Rokos Capital Management LLP | 489,593 | 379,834 | 23,701,197.13 | 0.2768 | 0.3695 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | HSBC Bank Plc (Broker) | 109,112 | -11,740,723 | 5,282,111.92 | 0.0095 | 0.0823 | 09/30/2025 |
| 2 | Axiom Investors LLC | 0 | -1,465,954 | 0 | 0 | 0 | |
| 3 | Arrowstreet Capital LP | 0 | -1,136,651 | 0 | 0 | 0 | |
| 4 | Jennison Associates LLC | 0 | -1,085,329 | 0 | 0 | 0 | |
| 5 | William Blair Investment Management LLC | 0 | -1,076,264 | 0 | 0 | 0 | |
| 6 | Discovery Capital Management LLC | 0 | -1,007,805 | 0 | 0 | 0 | |
| 7 | PointState Capital LP | 588,619 | -915,538 | 28,495,045.79 | 0.4728 | 0.4442 | 09/30/2025 |
| 8 | Capital Research & Management Co. (World Investors) | 0 | -686,977 | 0 | 0 | 0 | |
| 9 | Fourth Sail Capital LP | 0 | -414,167 | 0 | 0 | 0 | |
| 10 | Duquesne Family Office LLC | 0 | -381,481 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.