| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 575,677 | 29,479 | 179,755,143.25 | 0.0035 | 2.0779 | 12/31/2025 |
| 2 | SSgA Funds Management, Inc. | 171,848 | 5,338 | 53,659,538 | 0.0016 | 0.6203 | 12/31/2025 |
| 3 | Nomura Investment Management Business Trust | 144,182 | 63,975 | 45,020,829.5 | 0.0548 | 0.5204 | 12/31/2025 |
| 4 | T. Rowe Price International Ltd. | 103,379 | 2,134 | 32,280,092.75 | 0.0183 | 0.3731 | 12/31/2025 |
| 5 | RREEF America LLC | 96,983 | 15,553 | 30,282,941.75 | 0.1327 | 0.3501 | 03/31/2026 |
| 6 | JPMorgan Asset Management (UK) Ltd. | 91,379 | -22,334 | 28,533,092.75 | 0.0159 | 0.3298 | 12/31/2025 |
| 7 | Morgan Stanley & Co. LLC | 78,278 | 44,335 | 24,442,305.5 | 0.008 | 0.2825 | 12/31/2025 |
| 8 | Robeco Institutional Asset Management BV | 77,520 | -2,234 | 24,205,620 | 0.019 | 0.2798 | 03/31/2026 |
| 9 | Nuveen Asset Management LLC | 73,956 | -112,187 | 23,092,761 | 0.0465 | 0.2669 | 03/31/2026 |
| 10 | JPMorgan Investment Management, Inc. | 70,312 | -8,814 | 21,954,922 | 0.0021 | 0.2538 | 12/31/2025 |
| 11 | Russell Investment Management LLC | 68,340 | -7,927 | 21,339,165 | 0.0193 | 0.2467 | 12/31/2025 |
| 12 | Morgan Stanley & Co. International Plc | 65,338 | -15,061 | 20,401,790.5 | 0.1788 | 0.2358 | 12/31/2025 |
| 13 | HSBC Global Asset Management (UK) Ltd. | 63,506 | 36,982 | 19,829,748.5 | 0.0104 | 0.2292 | 03/31/2026 |
| 14 | Dimensional Fund Advisors LP | 55,987 | 3,022 | 17,481,940.75 | 0.0023 | 0.2021 | 03/31/2026 |
| 15 | Qube Research & Technologies Ltd. | 53,854 | -1,035 | 16,815,911.5 | 0.0225 | 0.1944 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Global Infrastructure ETF | 675,848 | 118,905 | 211,033,538 | 2.0126 | 2.4394 | 04/30/2026 |
| 2 | NBI Global Real Assets Income Fund | 83,435 | 83,435 | 26,052,578.75 | 1.9837 | 0.3012 | 12/31/2025 |
| 3 | T. Rowe Price International Discovery Fund | 63,092 | -1,264 | 19,700,477 | 0.2895 | 0.2277 | 03/31/2026 |
| 4 | State Street SPDR S&P Global Infrastructure ETF | 62,608 | 21,661 | 19,549,348 | 2.0083 | 0.226 | 04/30/2026 |
| 5 | Avantis Emerging Markets Equity ETF | 43,832 | 12,786 | 13,686,542 | 0.0553 | 0.1582 | 04/30/2026 |
| 6 | JPMorgan Funds - Latin America Equity Fund | 39,673 | -14,282 | 12,387,894.25 | 2.189 | 0.1432 | 03/31/2026 |
| 7 | Dynamic Global Infrastructure Fund | 39,000 | 5,800 | 12,177,750 | 1.2115 | 0.1408 | 01/30/2026 |
| 8 | HSBC GIF - Global Infrastructure Equity | 37,104 | 12,875 | 11,585,724 | 0.5369 | 0.1339 | 02/28/2026 |
| 9 | Principal Funds, Inc. - Diversified Real Asset Fund | 35,015 | 955 | 10,933,433.75 | 0.4169 | 0.1264 | 03/31/2026 |
| 10 | DWS Invest - Global Infrastructure | 29,623 | -33 | 9,249,781.75 | 0.3166 | 0.1069 | 03/31/2026 |
| 11 | Handelsbanken Tillvaextmarknad Tema | 28,900 | 0 | 9,024,025 | 0.3339 | 0.1043 | 03/31/2026 |
| 12 | JPMorgan Funds - Emerging Markets Opportunities Fund | 28,103 | -2,253 | 8,775,161.75 | 0.3881 | 0.1014 | 03/31/2026 |
| 13 | Cohen & Steers SICAV - Global Listed Infrastructure Fund | 22,953 | 1,869 | 7,167,074.25 | 2.1178 | 0.0828 | 02/28/2026 |
| 14 | TD Active Global Infrastructure Equity ETF | 21,749 | 10,273 | 6,791,125.25 | 2.4135 | 0.0785 | 04/30/2026 |
| 15 | Militia Long/Short Equity ETF | 21,648 | 21,648 | 6,759,588 | 1.6917 | 0.0781 | 04/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Nomura Investment Management Business Trust | 144,182 | 63,975 | 45,020,829.5 | 0.0548 | 0.5204 | 12/31/2025 |
| 2 | Morgan Stanley & Co. LLC | 78,278 | 44,335 | 24,442,305.5 | 0.008 | 0.2825 | 12/31/2025 |
| 3 | HSBC Global Asset Management (UK) Ltd. | 63,506 | 36,982 | 19,829,748.5 | 0.0104 | 0.2292 | 03/31/2026 |
| 4 | Canada Pension Plan Investment Board | 35,451 | 35,451 | 11,069,574.75 | 0.0047 | 0.128 | 12/31/2025 |
| 5 | Macquarie Investment Management Austria Kapitalanlage AG | 32,256 | 31,376 | 10,071,936 | 0.4248 | 0.1164 | 12/31/2025 |
| 6 | BlackRock Fund Advisors | 575,677 | 29,479 | 179,755,143.25 | 0.0035 | 2.0779 | 12/31/2025 |
| 7 | Militia Investments LLC | 21,648 | 21,648 | 6,759,588 | 1.2052 | 0.0781 | 04/30/2026 |
| 8 | Pillsbury Lake Capital LLC | 20,045 | 20,045 | 6,259,051.25 | 2.5078 | 0.0724 | 12/31/2025 |
| 9 | UBS Securities LLC | 20,630 | 18,354 | 6,441,717.5 | 0.0024 | 0.0745 | 03/31/2026 |
| 10 | RREEF America LLC | 96,983 | 15,553 | 30,282,941.75 | 0.1327 | 0.3501 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Itau USA Asset Management, Inc. | 0 | -151,364 | 0 | 0 | 0 | |
| 2 | Nuveen Asset Management LLC | 73,956 | -112,187 | 23,092,761 | 0.0465 | 0.2669 | 03/31/2026 |
| 3 | Macquarie Investment Management Global Ltd. | 0 | -100,492 | 0 | 0 | 0 | |
| 4 | Schroder Investment Management Ltd. | 980 | -85,552 | 306,005 | 0.0001 | 0.0035 | 12/31/2025 |
| 5 | BlackRock Investment Management (UK) Ltd. | 0 | -31,073 | 0 | 0 | 0 | |
| 6 | Cannell Capital LLC | 0 | -24,120 | 0 | 0 | 0 | |
| 7 | JPMorgan Asset Management (UK) Ltd. | 91,379 | -22,334 | 28,533,092.75 | 0.0159 | 0.3298 | 12/31/2025 |
| 8 | Renaissance Technologies LLC | 52,702 | -20,381 | 16,456,199.5 | 0.0233 | 0.1902 | 12/31/2025 |
| 9 | LPL Financial LLC | 3,793 | -15,682 | 1,184,364.25 | 0.0003 | 0.0137 | 03/31/2026 |
| 10 | Schroder Investment Management North America, Inc. | 0 | -15,473 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.