| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 3,075,544 | -48,600 | 134,062,962.96 | 0.0999 | 2.3211 | 12/31/2025 |
| 2 | Westwood Global Investments LLC | 3,031,442 | 3,031,442 | 132,140,556.78 | 3.6712 | 2.2878 | 12/31/2025 |
| 3 | Aquamarine Financial (Cayman) Ltd. | 2,092,309 | 767,309 | 91,203,749.31 | 6.5148 | 1.5791 | 12/31/2025 |
| 4 | PointState Capital LP | 1,592,990 | 1,004,371 | 69,438,434.1 | 1.2408 | 1.2022 | 12/31/2025 |
| 5 | T. Rowe Price Hong Kong Ltd. | 1,542,600 | 25,005 | 67,241,934 | 0.2412 | 1.1642 | 12/31/2025 |
| 6 | MAK Capital One LLC | 1,343,488 | 1,343,488 | 58,562,641.92 | 7.2675 | 1.0139 | 12/31/2025 |
| 7 | Susquehanna Financial Group LLLP | 1,298,700 | -1,042,411 | 56,610,333 | 0.0765 | 0.9801 | 12/31/2025 |
| 8 | Driehaus Capital Management LLC | 1,236,833 | 296,413 | 53,913,550.47 | 0.2443 | 0.9334 | 12/31/2025 |
| 9 | Global X Management Co. LLC | 1,019,413 | -639,199 | 44,436,212.67 | 0.0468 | 0.7693 | 12/31/2025 |
| 10 | INCA Investments LLC | 940,056 | -140,105 | 40,977,041.04 | 14.4123 | 0.7095 | 12/31/2025 |
| 11 | TT International Asset Management Ltd. | 841,858 | 841,858 | 36,696,590.22 | 1.6448 | 0.6353 | 03/31/2026 |
| 12 | Boston Management & Research | 796,480 | 540,357 | 34,718,563.2 | 0.0557 | 0.6011 | 12/31/2025 |
| 13 | Carrhae Capital LLP | 795,204 | 479,504 | 34,662,942.36 | 2.2886 | 0.6001 | 12/31/2025 |
| 14 | RWC Asset Management LLP | 747,876 | -78,299 | 32,599,914.84 | 0.3059 | 0.5644 | 03/31/2026 |
| 15 | UBS Securities LLC | 747,288 | 448,961 | 32,574,283.92 | 0.0129 | 0.564 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners Emerging Markets Equity Fund | 2,040,261 | 0 | 88,934,976.99 | 0.3685 | 1.5398 | 12/31/2025 |
| 2 | Global X MSCI Argentina ETF | 1,061,234 | -597,378 | 46,259,190.06 | 5.9046 | 0.8009 | 03/31/2026 |
| 3 | Eaton Vance Emerging & Frontier Countries Equity Fund | 589,380 | 402,831 | 25,691,074.2 | 0.7229 | 0.4448 | 02/28/2026 |
| 4 | Eaton Vance Global Macro Capital Opportunities Portfolio | 589,380 | 155,357 | 25,691,074.2 | 0.7608 | 0.4448 | 01/31/2026 |
| 5 | Redwheel Next Generation Emerging Markets Equity Fund | 584,627 | 246,042 | 25,483,890.93 | 1.068 | 0.4412 | 03/31/2026 |
| 6 | T. Rowe Price Emerging Markets Discovery Stock Fund | 443,922 | -101,889 | 19,350,559.98 | 0.3098 | 0.335 | 03/31/2026 |
| 7 | Driehaus Mutual Funds - Emerging Markets Growth Fund | 403,969 | 8,210 | 17,609,008.71 | 0.3637 | 0.3049 | 02/28/2026 |
| 8 | TT International Funds Plc - Emerging Markets Unconstrained | 312,563 | -20,359 | 13,624,621.17 | 1.7775 | 0.2359 | 12/31/2025 |
| 9 | GQG Global UCITS ICAV - Partners Emerging Markets Equity Fund | 220,387 | 0 | 9,606,669.33 | 0.3363 | 0.1663 | 06/30/2025 |
| 10 | Redwheel Emerging Markets Equity Fund Ltd. | 218,137 | 0 | 9,508,591.83 | 0.2365 | 0.1646 | 06/28/2024 |
| 11 | DWS Invest - Latin American Equities | 217,125 | -225,985 | 9,464,478.75 | 0.3454 | 0.1639 | 02/27/2026 |
| 12 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 188,100 | 72,100 | 8,199,279 | 0.918 | 0.142 | 01/31/2026 |
| 13 | Magna Umbrella Fund Plc - New Frontiers Fund | 151,993 | 151,993 | 6,625,374.87 | 0.7614 | 0.1147 | 12/31/2025 |
| 14 | YFS Argonaut Funds - Absolute Return Fund | 151,620 | 0 | 6,609,115.8 | 1.3765 | 0.1144 | 06/30/2025 |
| 15 | MDPIM Emerging Markets Equity Pool | 134,046 | 0 | 5,843,065.14 | 0.2735 | 0.1012 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Westwood Global Investments LLC | 3,031,442 | 3,031,442 | 132,140,556.78 | 3.6712 | 2.2878 | 12/31/2025 |
| 2 | MAK Capital One LLC | 1,343,488 | 1,343,488 | 58,562,641.92 | 7.2675 | 1.0139 | 12/31/2025 |
| 3 | PointState Capital LP | 1,592,990 | 1,004,371 | 69,438,434.1 | 1.2408 | 1.2022 | 12/31/2025 |
| 4 | TT International Asset Management Ltd. | 841,858 | 841,858 | 36,696,590.22 | 1.6448 | 0.6353 | 03/31/2026 |
| 5 | Aquamarine Financial (Cayman) Ltd. | 2,092,309 | 767,309 | 91,203,749.31 | 6.5148 | 1.5791 | 12/31/2025 |
| 6 | Discovery Capital Management LLC | 640,629 | 640,629 | 27,925,018.11 | 1.4012 | 0.4835 | 12/31/2025 |
| 7 | Boston Management & Research | 796,480 | 540,357 | 34,718,563.2 | 0.0557 | 0.6011 | 12/31/2025 |
| 8 | Kora Management LP | 538,333 | 538,333 | 23,465,935.47 | 3.4167 | 0.4063 | 12/31/2025 |
| 9 | Long Focus Capital Management LLC | 506,000 | 506,000 | 22,056,540 | 1.1106 | 0.3819 | 12/31/2025 |
| 10 | Carrhae Capital LLP | 795,204 | 479,504 | 34,662,942.36 | 2.2886 | 0.6001 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | RWC Asset Advisors (US) LLC | 339,966 | -1,200,221 | 14,819,117.94 | 0.218 | 0.2566 | 03/31/2026 |
| 2 | Susquehanna Financial Group LLLP | 1,298,700 | -1,042,411 | 56,610,333 | 0.0765 | 0.9801 | 12/31/2025 |
| 3 | Morgan Stanley & Co. International Plc | 226,111 | -723,651 | 9,856,178.49 | 0.0895 | 0.1706 | 12/31/2025 |
| 4 | Global X Management Co. LLC | 1,019,413 | -639,199 | 44,436,212.67 | 0.0468 | 0.7693 | 12/31/2025 |
| 5 | Rokos Capital Management LLP | 0 | -489,593 | 0 | 0 | 0 | |
| 6 | Samlyn Capital LLC | 0 | -329,522 | 0 | 0 | 0 | |
| 7 | Itau USA Asset Management, Inc. | 564,437 | -296,612 | 24,603,808.83 | 0.3649 | 0.426 | 12/31/2025 |
| 8 | Wellington Management Co. LLP | 0 | -253,389 | 0 | 0 | 0 | |
| 9 | Qube Research & Technologies Ltd. | 0 | -252,551 | 0 | 0 | 0 | |
| 10 | Burkehill Global Management LP | 0 | -200,000 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.