| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 1,544,885 | 256,589 | 379,145,676.7 | 0.0079 | 3.5971 | 12/31/2025 |
| 2 | Lazard Asset Management LLC | 1,154,495 | 206,914 | 283,336,162.9 | 0.2435 | 2.6881 | 12/31/2025 |
| 3 | T. Rowe Price Hong Kong Ltd. | 917,498 | -128,476 | 225,172,359.16 | 0.8139 | 2.1363 | 12/31/2025 |
| 4 | RREEF America LLC | 499,102 | -232,672 | 122,489,612.84 | 0.5574 | 1.1621 | 12/31/2025 |
| 5 | Renaissance Technologies LLC | 432,200 | -37,500 | 106,070,524 | 0.1604 | 1.0063 | 12/31/2025 |
| 6 | SSgA Funds Management, Inc. | 403,691 | 14,079 | 99,073,845.22 | 0.0032 | 0.9399 | 12/31/2025 |
| 7 | Northcape Capital Pty Ltd. | 191,049 | 3,214 | 46,887,245.58 | 2.9839 | 0.4448 | 12/31/2025 |
| 8 | Itau USA Asset Management, Inc. | 161,435 | 161,435 | 39,619,377.7 | 0.5804 | 0.3759 | 12/31/2025 |
| 9 | Nuveen Asset Management LLC | 148,088 | -26,464 | 36,343,756.96 | 0.0857 | 0.3448 | 12/31/2025 |
| 10 | Dimensional Fund Advisors LP | 136,134 | 5,474 | 33,410,006.28 | 0.0046 | 0.317 | 12/31/2025 |
| 11 | American Century Investment Management, Inc. | 135,957 | -17,371 | 33,366,566.94 | 0.0121 | 0.3166 | 12/31/2025 |
| 12 | Morgan Stanley & Co. LLC | 120,053 | -24,968 | 29,463,407.26 | 0.0104 | 0.2795 | 12/31/2025 |
| 13 | BlackRock Investment Management (UK) Ltd. | 117,981 | 37,366 | 28,954,897.02 | 0.0035 | 0.2747 | 12/31/2025 |
| 14 | Fisher Funds Management Ltd. | 99,446 | 99,446 | 24,406,037.32 | 0.5506 | 0.2315 | 12/31/2025 |
| 15 | Russell Investment Management LLC | 92,601 | -20,501 | 22,726,137.42 | 0.0218 | 0.2156 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Global Infrastructure ETF | 1,412,666 | -6,104 | 346,696,489.72 | 3.3564 | 3.2892 | 03/31/2026 |
| 2 | Lazard Emerging Markets Equity Portfolio | 416,003 | 117,813 | 102,095,456.26 | 1.2384 | 0.9686 | 02/28/2026 |
| 3 | iShares Tr. - Latin America 40 ETF | 267,930 | 267,930 | 65,755,380.6 | 1.4565 | 0.6238 | 03/31/2026 |
| 4 | T. Rowe Price Emerging Markets Discovery Stock Fund | 174,269 | -59,824 | 42,769,097.98 | 0.7093 | 0.4058 | 12/31/2025 |
| 5 | T. Rowe Price Emerging Markets Stock Fund | 155,159 | -323 | 38,079,121.78 | 0.5763 | 0.3613 | 12/31/2025 |
| 6 | State Street SPDR S&P Global Infrastructure ETF | 125,861 | 20,311 | 30,888,806.62 | 3.3606 | 0.2931 | 03/31/2026 |
| 7 | Avantis Emerging Markets Equity ETF | 83,790 | 23,893 | 20,563,741.8 | 0.0956 | 0.1951 | 03/31/2026 |
| 8 | Militia Long/Short Equity ETF | 76,687 | 54,711 | 18,820,523.54 | 4.1679 | 0.1786 | 03/31/2026 |
| 9 | Lazard Investment Funds - Emerging Markets Fund | 75,135 | 0 | 18,439,631.7 | 1.1126 | 0.1749 | 03/31/2025 |
| 10 | BlackRock Emerging Markets Fund, Inc. | 73,088 | 22,490 | 17,937,256.96 | 0.8188 | 0.1702 | 01/31/2026 |
| 11 | DWS Invest - Global Infrastructure | 71,204 | -139,425 | 17,474,885.68 | 0.5799 | 0.1658 | 02/27/2026 |
| 12 | DWS RREEF Real Assets Fund | 63,436 | -52,060 | 15,568,463.12 | 0.3876 | 0.1477 | 02/28/2026 |
| 13 | Dynamic Global Infrastructure Fund | 59,110 | 0 | 14,506,776.2 | 1.3786 | 0.1376 | 12/31/2025 |
| 14 | Vanguard Total International Stock Index Fund | 55,514 | -1,130 | 13,624,245.88 | 0.0022 | 0.1293 | 02/28/2026 |
| 15 | American Century Emerging Markets Fund | 38,309 | -17,655 | 9,401,794.78 | 0.4689 | 0.0892 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 1,544,885 | 256,589 | 379,145,676.7 | 0.0079 | 3.5971 | 12/31/2025 |
| 2 | Lazard Asset Management LLC | 1,154,495 | 206,914 | 283,336,162.9 | 0.2435 | 2.6881 | 12/31/2025 |
| 3 | Itau USA Asset Management, Inc. | 161,435 | 161,435 | 39,619,377.7 | 0.5804 | 0.3759 | 12/31/2025 |
| 4 | Fisher Funds Management Ltd. | 99,446 | 99,446 | 24,406,037.32 | 0.5506 | 0.2315 | 12/31/2025 |
| 5 | Militia Investments LLC | 76,687 | 54,711 | 18,820,523.54 | 3.1057 | 0.1786 | 03/31/2026 |
| 6 | Janney Montgomery Scott LLC (Investment Management) | 47,842 | 46,794 | 11,741,383.64 | 0.0265 | 0.1114 | 12/31/2025 |
| 7 | BlackRock Investment Management (UK) Ltd. | 117,981 | 37,366 | 28,954,897.02 | 0.0035 | 0.2747 | 12/31/2025 |
| 8 | BlackRock Advisors LLC | 78,312 | 31,873 | 19,219,331.04 | 0.0084 | 0.1823 | 12/31/2025 |
| 9 | DWS Investments (UK) Ltd. | 18,049 | 17,834 | 4,429,585.58 | 0.0018 | 0.042 | 12/31/2025 |
| 10 | UBS Switzerland AG (Investment Management) | 16,088 | 15,231 | 3,948,316.96 | 0.0093 | 0.0375 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | RREEF America LLC | 499,102 | -232,672 | 122,489,612.84 | 0.5574 | 1.1621 | 12/31/2025 |
| 2 | T. Rowe Price Hong Kong Ltd. | 917,498 | -128,476 | 225,172,359.16 | 0.8139 | 2.1363 | 12/31/2025 |
| 3 | UBS Asset Management (Americas) LLC | 36 | -106,473 | 8,835.12 | 0 | 0.0001 | 12/31/2025 |
| 4 | Renaissance Technologies LLC | 432,200 | -37,500 | 106,070,524 | 0.1604 | 1.0063 | 12/31/2025 |
| 5 | Arrowstreet Capital LP | 86,823 | -31,413 | 21,308,100.66 | 0.0113 | 0.2022 | 12/31/2025 |
| 6 | DWS Investment Management Americas, Inc. | 40,235 | -28,715 | 9,874,473.7 | 0.0378 | 0.0937 | 12/31/2025 |
| 7 | Nuveen Asset Management LLC | 148,088 | -26,464 | 36,343,756.96 | 0.0857 | 0.3448 | 12/31/2025 |
| 8 | Morgan Stanley & Co. LLC | 120,053 | -24,968 | 29,463,407.26 | 0.0104 | 0.2795 | 12/31/2025 |
| 9 | Parametric SAS | 0 | -22,749 | 0 | 0 | 0 | |
| 10 | T. Rowe Price International Ltd. | 31,011 | -22,110 | 7,610,719.62 | 0.0045 | 0.0722 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.