| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 1,112,469 | -16,769 | 150,161,065.62 | 0.0031 | 2.6149 | 12/31/2025 |
| 2 | SSgA Funds Management, Inc. | 329,781 | -18,114 | 44,513,839.38 | 0.0014 | 0.7752 | 12/31/2025 |
| 3 | Morgan Stanley & Co. International Plc | 171,401 | 84,296 | 23,135,706.98 | 0.21 | 0.4029 | 12/31/2025 |
| 4 | Renaissance Technologies LLC | 161,200 | -20,900 | 21,758,776 | 0.0328 | 0.3789 | 12/31/2025 |
| 5 | American Century Investment Management, Inc. | 151,851 | 36,107 | 20,496,847.98 | 0.0074 | 0.3569 | 12/31/2025 |
| 6 | Canada Pension Plan Investment Board | 149,370 | 108,270 | 20,161,962.6 | 0.0086 | 0.3511 | 12/31/2025 |
| 7 | Militia Investments LLC | 139,714 | 82,639 | 18,858,595.72 | 4.3376 | 0.3284 | 01/30/2026 |
| 8 | abrdn Investments Ltd. | 133,257 | -30,564 | 17,987,029.86 | 0.0413 | 0.3132 | 12/31/2025 |
| 9 | 1832 Asset Management LP | 127,664 | 1,931 | 17,232,086.72 | 0.0159 | 0.3001 | 12/31/2025 |
| 10 | Fisher Funds Management Ltd. | 123,968 | -132,404 | 16,733,200.64 | 0.3639 | 0.2914 | 12/31/2025 |
| 11 | Nuveen Asset Management LLC | 121,424 | -41,242 | 16,389,811.52 | 0.0371 | 0.2854 | 12/31/2025 |
| 12 | Arrowstreet Capital LP | 121,357 | -50,076 | 16,380,767.86 | 0.0087 | 0.2853 | 12/31/2025 |
| 13 | Janney Montgomery Scott LLC (Investment Management) | 101,477 | 101,477 | 13,697,365.46 | 0.0304 | 0.2385 | 12/31/2025 |
| 14 | Morgan Stanley & Co. LLC | 98,883 | 28,756 | 13,347,227.34 | 0.0046 | 0.2324 | 12/31/2025 |
| 15 | AQR Capital Management LLC | 96,552 | -5,498 | 13,032,588.96 | 0.006 | 0.227 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Global Infrastructure ETF | 1,112,981 | -18,749 | 150,230,175.38 | 1.5033 | 2.6161 | 01/30/2026 |
| 2 | Avantis Emerging Markets Equity ETF | 147,770 | 38,071 | 19,945,994.6 | 0.1032 | 0.3473 | 01/30/2026 |
| 3 | Militia Long/Short Equity ETF | 139,714 | 82,639 | 18,858,595.72 | 5.7034 | 0.3284 | 01/30/2026 |
| 4 | Dynamic Global Infrastructure Fund | 110,180 | 0 | 14,872,096.4 | 1.4249 | 0.259 | 11/30/2025 |
| 5 | State Street SPDR S&P Global Infrastructure ETF | 84,495 | -165 | 11,405,135.1 | 1.5024 | 0.1986 | 01/30/2026 |
| 6 | Ashmore SICAV - Emerging Markets Equity Fund | 45,931 | 19,031 | 6,199,766.38 | 1.1269 | 0.108 | 12/31/2025 |
| 7 | Duff & Phelps Utility and Infrastructure Fund Inc. | 43,000 | 20,000 | 5,804,140 | 0.7528 | 0.1011 | 10/31/2025 |
| 8 | abrdn Emerging Markets ex-China Fund, Inc. | 41,023 | 1,652 | 5,537,284.54 | 1.3813 | 0.0964 | 01/30/2026 |
| 9 | Caisse de depot et placement du Quebec Fund - Portfolio | 40,519 | 0 | 5,469,254.62 | 0.0016 | 0.0952 | 12/31/2024 |
| 10 | US Global Jets ETF | 38,309 | 38,309 | 5,170,948.82 | 0.5896 | 0.09 | 01/30/2026 |
| 11 | Nuveen Global Infrastructure Fund | 27,294 | -6,925 | 3,684,144.12 | 0.6906 | 0.0642 | 12/31/2025 |
| 12 | abrdn SICAV I - EM Smaller Companies Fund | 26,517 | -11,692 | 3,579,264.66 | 2.1171 | 0.0623 | 01/30/2026 |
| 13 | Russell Investments Global Infrastructure Pool | 25,882 | -9,036 | 3,493,552.36 | 0.3412 | 0.0608 | 11/30/2025 |
| 14 | Principal Funds, Inc. - Diversified Real Asset Fund | 25,448 | -3,246 | 3,434,971.04 | 0.1401 | 0.0598 | 12/31/2025 |
| 15 | Nuveen CIT - Global Infrastructure Fund | 21,653 | 3,343 | 2,922,721.94 | 1.6488 | 0.0509 | 01/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Canada Pension Plan Investment Board | 149,370 | 108,270 | 20,161,962.6 | 0.0086 | 0.3511 | 12/31/2025 |
| 2 | Janney Montgomery Scott LLC (Investment Management) | 101,477 | 101,477 | 13,697,365.46 | 0.0304 | 0.2385 | 12/31/2025 |
| 3 | Morgan Stanley & Co. International Plc | 171,401 | 84,296 | 23,135,706.98 | 0.21 | 0.4029 | 12/31/2025 |
| 4 | Militia Investments LLC | 139,714 | 82,639 | 18,858,595.72 | 4.3376 | 0.3284 | 01/30/2026 |
| 5 | Voleon Capital Management LP | 74,775 | 74,775 | 10,093,129.5 | 0.2154 | 0.1758 | 12/31/2025 |
| 6 | Healthcare of Ontario Pension Plan | 68,400 | 68,400 | 9,232,632 | 0.015 | 0.1608 | 12/31/2025 |
| 7 | Empirical Finance LLC | 96,419 | 46,478 | 13,014,636.62 | 0.5996 | 0.2266 | 12/31/2025 |
| 8 | US Global Investors, Inc. (Asset Management) | 36,805 | 36,805 | 4,967,938.9 | 0.3067 | 0.0865 | 12/31/2025 |
| 9 | American Century Investment Management, Inc. | 151,851 | 36,107 | 20,496,847.98 | 0.0074 | 0.3569 | 12/31/2025 |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 47,253 | 34,411 | 6,378,209.94 | 0.0028 | 0.1111 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | RREEF America LLC | 0 | -235,490 | 0 | 0 | 0 | |
| 2 | Fisher Funds Management Ltd. | 123,968 | -132,404 | 16,733,200.64 | 0.3639 | 0.2914 | 12/31/2025 |
| 3 | Arrowstreet Capital LP | 121,357 | -50,076 | 16,380,767.86 | 0.0087 | 0.2853 | 12/31/2025 |
| 4 | Empowered Funds LLC | 0 | -49,941 | 0 | 0 | 0 | |
| 5 | Nuveen Asset Management LLC | 121,424 | -41,242 | 16,389,811.52 | 0.0371 | 0.2854 | 12/31/2025 |
| 6 | Russell Investment Management LLC | 77,394 | -38,709 | 10,446,642.12 | 0.0098 | 0.1819 | 12/31/2025 |
| 7 | abrdn Investments Ltd. | 133,257 | -30,564 | 17,987,029.86 | 0.0413 | 0.3132 | 12/31/2025 |
| 8 | DWS Investment Management Americas, Inc. | 9,190 | -29,986 | 1,240,466.2 | 0.0047 | 0.0216 | 12/31/2025 |
| 9 | Maxi Investments CY Ltd. | 0 | -24,900 | 0 | 0 | 0 | |
| 10 | Northern Trust Investments, Inc.(Investment Management) | 31,713 | -24,883 | 4,280,620.74 | 0.0006 | 0.0745 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.