| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 3,075,544 | -52,224 | 152,670,004.16 | 0.1111 | 2.3211 | 12/31/2025 |
| 2 | Westwood Global Investments LLC | 3,031,442 | 3,031,442 | 150,480,780.88 | 3.5507 | 2.2878 | 12/31/2025 |
| 3 | Aquamarine Financial (Cayman) Ltd. | 2,092,309 | 2,092,309 | 103,862,218.76 | 7.5746 | 1.5791 | 12/31/2025 |
| 4 | PointState Capital LP | 1,592,990 | -5,909 | 79,076,023.6 | 1.4247 | 1.2022 | 12/31/2025 |
| 5 | T. Rowe Price Hong Kong Ltd. | 1,542,600 | 749,088 | 76,574,664 | 0.2711 | 1.1642 | 12/31/2025 |
| 6 | MAK Capital One LLC | 1,343,488 | 1,343,488 | 66,690,744.32 | 7.4687 | 1.0139 | 12/31/2025 |
| 7 | Susquehanna Financial Group LLLP | 1,298,700 | 1,164,655 | 64,467,468 | 0.0896 | 0.9801 | 12/31/2025 |
| 8 | Driehaus Capital Management LLC | 1,236,833 | 141,735 | 61,396,390.12 | 0.2855 | 0.9334 | 12/31/2025 |
| 9 | Global X Management Co. LLC | 1,019,413 | -918,052 | 50,603,661.32 | 0.0534 | 0.7693 | 12/31/2025 |
| 10 | INCA Investments LLC | 940,056 | -129,822 | 46,664,379.84 | 14.8642 | 0.7095 | 12/31/2025 |
| 11 | TT International Asset Management Ltd. | 876,885 | 876,885 | 43,528,571.4 | 2.5788 | 0.6618 | 12/31/2025 |
| 12 | RWC Asset Management LLP | 816,201 | 573,429 | 40,516,217.64 | 0.3783 | 0.616 | 12/31/2025 |
| 13 | Boston Management & Research | 796,480 | 261,265 | 39,537,267.2 | 0.0655 | 0.6011 | 12/31/2025 |
| 14 | Carrhae Capital LLP | 795,204 | 795,204 | 39,473,926.56 | 2.3797 | 0.6001 | 12/31/2025 |
| 15 | UBS Securities LLC | 747,288 | 691,843 | 37,095,376.32 | 0.0148 | 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 | 101,278,556.04 | 0.3989 | 1.5398 | 09/30/2025 |
| 2 | Global X MSCI Argentina ETF | 1,102,292 | -686,216 | 54,717,774.88 | 6.4772 | 0.8319 | 01/30/2026 |
| 3 | Redwheel Next Generation Emerging Markets Equity Fund | 631,705 | 426,362 | 31,357,836.2 | 1.2156 | 0.4767 | 01/30/2026 |
| 4 | Eaton Vance Emerging & Frontier Countries Equity Fund | 589,380 | 155,357 | 29,256,823.2 | 0.9108 | 0.4448 | 12/31/2025 |
| 5 | Eaton Vance Global Macro Capital Opportunities Portfolio | 561,880 | 127,857 | 27,891,723.2 | 0.915 | 0.4241 | 10/31/2025 |
| 6 | T. Rowe Price Emerging Markets Discovery Stock Fund | 525,991 | 240,780 | 26,110,193.24 | 0.4275 | 0.397 | 12/31/2025 |
| 7 | Driehaus Mutual Funds - Emerging Markets Growth Fund | 504,036 | -149,928 | 25,020,347.04 | 0.5383 | 0.3804 | 12/31/2025 |
| 8 | Larrainvial AM SICAV - Latin American Equity Fund | 302,680 | 0 | 15,025,035.2 | 0.9428 | 0.2284 | 12/31/2024 |
| 9 | TT International Funds Plc - Emerging Markets Unconstrained | 301,520 | -227,227 | 14,967,452.8 | 2.151 | 0.2276 | 11/30/2025 |
| 10 | DWS Invest - Latin American Equities | 248,827 | -372,173 | 12,351,772.28 | 0.462 | 0.1878 | 12/30/2025 |
| 11 | GQG Global UCITS ICAV - Partners Emerging Markets Equity Fund | 220,387 | 0 | 10,940,010.68 | 0.3895 | 0.1663 | 06/30/2025 |
| 12 | Redwheel Emerging Markets Equity Fund Ltd. | 218,137 | 0 | 10,828,320.68 | 0.2632 | 0.1646 | 06/28/2024 |
| 13 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 188,100 | 72,100 | 9,337,284 | 3.2634 | 0.142 | 10/31/2025 |
| 14 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 152,746 | 123,796 | 7,582,311.44 | 18.5491 | 0.1153 | 11/26/2025 |
| 15 | T Rowe Price Funds - Global Equity Fund | 140,063 | -141,223 | 6,952,727.32 | 0.2235 | 0.1057 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Westwood Global Investments LLC | 3,031,442 | 3,031,442 | 150,480,780.88 | 3.5507 | 2.2878 | 12/31/2025 |
| 2 | Aquamarine Financial (Cayman) Ltd. | 2,092,309 | 2,092,309 | 103,862,218.76 | 7.5746 | 1.5791 | 12/31/2025 |
| 3 | MAK Capital One LLC | 1,343,488 | 1,343,488 | 66,690,744.32 | 7.4687 | 1.0139 | 12/31/2025 |
| 4 | Susquehanna Financial Group LLLP | 1,298,700 | 1,164,655 | 64,467,468 | 0.0896 | 0.9801 | 12/31/2025 |
| 5 | TT International Asset Management Ltd. | 876,885 | 876,885 | 43,528,571.4 | 2.5788 | 0.6618 | 12/31/2025 |
| 6 | Carrhae Capital LLP | 795,204 | 795,204 | 39,473,926.56 | 2.3797 | 0.6001 | 12/31/2025 |
| 7 | T. Rowe Price Hong Kong Ltd. | 1,542,600 | 749,088 | 76,574,664 | 0.2711 | 1.1642 | 12/31/2025 |
| 8 | UBS Securities LLC | 747,288 | 691,843 | 37,095,376.32 | 0.0148 | 0.564 | 12/31/2025 |
| 9 | RWC Asset Management LLP | 816,201 | 573,429 | 40,516,217.64 | 0.3783 | 0.616 | 12/31/2025 |
| 10 | Kora Management LP | 538,333 | 538,333 | 26,722,850.12 | 3.4505 | 0.4063 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Axiom Investors LLC | 0 | -1,442,719 | 0 | 0 | 0 | |
| 2 | Capital Research & Management Co. (World Investors) | 0 | -1,099,332 | 0 | 0 | 0 | |
| 3 | Arrowstreet Capital LP | 0 | -1,066,605 | 0 | 0 | 0 | |
| 4 | William Blair Investment Management LLC | 0 | -1,028,488 | 0 | 0 | 0 | |
| 5 | Jane Street Capital LLC | 0 | -989,585 | 0 | 0 | 0 | |
| 6 | Global X Management Co. LLC | 1,019,413 | -918,052 | 50,603,661.32 | 0.0534 | 0.7693 | 12/31/2025 |
| 7 | CI Investments, Inc. | 0 | -760,319 | 0 | 0 | 0 | |
| 8 | Jennison Associates LLC | 0 | -683,645 | 0 | 0 | 0 | |
| 9 | Wellington Management Co. LLP | 0 | -637,501 | 0 | 0 | 0 | |
| 10 | T. Rowe Price Associates, Inc. (IM) | 498,906 | -601,413 | 24,765,693.84 | 0.0029 | 0.3765 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.