| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 96,959,405 | 3,001,045 | 909,479,218.9 | 0.6774 | 1.7925 | 12/31/2025 |
| 2 | Orbis Investment Management Ltd. | 81,682,615 | -4,144,377 | 766,182,928.7 | 1.8144 | 1.5101 | 12/31/2025 |
| 3 | Arrowstreet Capital LP | 63,525,566 | 560,178 | 595,869,809.08 | 0.3058 | 1.1744 | 12/31/2025 |
| 4 | Westwood Global Investments LLC | 61,328,933 | -2,662,302 | 575,265,391.54 | 15.3883 | 1.1338 | 12/31/2025 |
| 5 | Robeco Institutional Asset Management BV | 58,581,150 | -771,764 | 549,491,187 | 0.4625 | 1.083 | 12/31/2025 |
| 6 | Fidelity Management & Research Co. LLC | 55,304,937 | -9,647,871 | 518,760,309.06 | 0.027 | 1.0224 | 12/31/2025 |
| 7 | Schroder Investment Management Ltd. | 47,495,296 | -2,128,606 | 445,505,876.48 | 0.1682 | 0.8781 | 12/31/2025 |
| 8 | William Blair Investment Management LLC | 36,551,763 | 6,197,462 | 342,855,536.94 | 0.7634 | 0.6757 | 12/31/2025 |
| 9 | Capital Research & Management Co. (Global Investors) | 30,359,075 | 267,411 | 284,768,123.5 | 0.0426 | 0.5613 | 12/31/2025 |
| 10 | BlackRock Fund Advisors | 28,711,936 | 5,052,235 | 269,317,959.68 | 0.0054 | 0.5308 | 12/31/2025 |
| 11 | Fisher Asset Management LLC | 28,540,037 | -34,724,708 | 267,705,547.06 | 0.0847 | 0.5276 | 12/31/2025 |
| 12 | Viking Global Investors LP | 28,396,545 | 28,396,545 | 266,359,592.1 | 0.6604 | 0.525 | 12/31/2025 |
| 13 | Templeton Asset Management Ltd. | 27,119,283 | 963,048 | 254,378,874.54 | 1.3851 | 0.5014 | 12/31/2025 |
| 14 | Wellington Management Co. LLP | 26,058,137 | -322,864 | 244,425,325.06 | 0.0383 | 0.4817 | 12/31/2025 |
| 15 | Schroder Investment Management North America, Inc. | 25,327,328 | -1,814,644 | 237,570,336.64 | 1.3505 | 0.4682 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 36,833,337 | 12,016,895 | 345,496,701.06 | 0.443 | 0.6809 | 03/31/2026 |
| 2 | iShares Tr. - Latin America 40 ETF | 35,520,064 | 15,168,437 | 333,178,200.32 | 7.3586 | 0.6567 | 03/31/2026 |
| 3 | Capital Income Builder | 21,159,826 | 21,159,826 | 198,479,167.88 | 0.2014 | 0.3912 | 03/31/2026 |
| 4 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 20,534,838 | -10,628,925 | 192,616,780.44 | 0.662 | 0.3796 | 02/28/2026 |
| 5 | R-co Valor Fund | 18,579,544 | 7,471,273 | 174,276,122.72 | 1.7837 | 0.3435 | 12/31/2025 |
| 6 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 17,632,987 | 1,665,007 | 165,397,418.06 | 3.6084 | 0.326 | 02/27/2026 |
| 7 | American Funds Capital World Growth & Income Fund | 14,953,653 | 0 | 140,265,265.14 | 0.0951 | 0.2765 | 03/31/2026 |
| 8 | Dodge & Cox Worldwide Funds - Global Stock Fund | 13,525,151 | 0 | 126,865,916.38 | 1.7457 | 0.25 | 12/31/2025 |
| 9 | AP7 Aktiefond | 13,053,580 | 1,225,036 | 122,442,580.4 | 0.0783 | 0.2413 | 12/31/2025 |
| 10 | JPMorgan Emerging Markets Equity Fund | 12,462,206 | -712,127 | 116,895,492.28 | 1.0704 | 0.2304 | 02/28/2026 |
| 11 | GQG Global UCITS ICAV - Partners Emerging Markets Equity Fund | 12,148,608 | 0 | 113,953,943.04 | 4.0094 | 0.2246 | 06/30/2025 |
| 12 | American Funds Global Balanced Fund | 11,518,316 | 11,518,316 | 108,041,804.08 | 0.5191 | 0.2129 | 03/31/2026 |
| 13 | Vanguard Emerging Markets Stock Index Fund | 10,785,505 | -452,478 | 101,168,036.9 | 0.061 | 0.1994 | 03/31/2026 |
| 14 | Seafarer Overseas Growth & Income Fund | 10,428,750 | 0 | 97,821,675 | 2.6956 | 0.1928 | 12/31/2025 |
| 15 | Schroder ISF - Emerging Markets | 9,797,176 | -771,938 | 91,897,510.88 | 1.1647 | 0.1811 | 02/28/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Viking Global Investors LP | 28,396,545 | 28,396,545 | 266,359,592.1 | 0.6604 | 0.525 | 12/31/2025 |
| 2 | Rothschild & Co. Asset Management SCS | 21,172,066 | 8,523,754 | 198,593,979.08 | 1.3997 | 0.3914 | 02/27/2026 |
| 3 | William Blair Investment Management LLC | 36,551,763 | 6,197,462 | 342,855,536.94 | 0.7634 | 0.6757 | 12/31/2025 |
| 4 | Numeric Investors LLC | 6,189,502 | 5,140,819 | 58,057,528.76 | 0.1357 | 0.1144 | 12/31/2025 |
| 5 | BlackRock Fund Advisors | 28,711,936 | 5,052,235 | 269,317,959.68 | 0.0054 | 0.5308 | 12/31/2025 |
| 6 | Marshall Wace LLP | 3,307,338 | 3,307,338 | 31,022,830.44 | 0.0281 | 0.0611 | 12/31/2025 |
| 7 | GQG Partners LLC | 96,959,405 | 3,001,045 | 909,479,218.9 | 0.6774 | 1.7925 | 12/31/2025 |
| 8 | Two Sigma Investments LP | 8,250,080 | 2,986,732 | 77,385,750.4 | 0.1109 | 0.1525 | 12/31/2025 |
| 9 | Northcape Capital Pty Ltd. | 12,904,308 | 2,812,687 | 121,042,409.04 | 7.6252 | 0.2386 | 12/31/2025 |
| 10 | Jane Street Capital LLC | 2,450,454 | 2,373,173 | 22,985,258.52 | 0.0247 | 0.0453 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fisher Asset Management LLC | 28,540,037 | -34,724,708 | 267,705,547.06 | 0.0847 | 0.5276 | 12/31/2025 |
| 2 | Fidelity Management & Research Co. LLC | 55,304,937 | -9,647,871 | 518,760,309.06 | 0.027 | 1.0224 | 12/31/2025 |
| 3 | Renaissance Technologies LLC | 8,606,381 | -6,034,215 | 80,727,853.78 | 0.1171 | 0.1591 | 12/31/2025 |
| 4 | Samlyn Capital LLC | 7,922,354 | -6,024,518 | 74,311,680.52 | 1.1973 | 0.1465 | 12/31/2025 |
| 5 | Columbia Management Investment Advisers LLC | 2,483,938 | -4,982,088 | 23,299,338.44 | 0.0052 | 0.0459 | 12/31/2025 |
| 6 | T. Rowe Price Hong Kong Ltd. | 22,049,782 | -4,922,868 | 206,826,955.16 | 0.7333 | 0.4076 | 12/31/2025 |
| 7 | Carmignac Gestion SA | 7,152,585 | -4,469,096 | 67,091,247.3 | 0.5963 | 0.1322 | 12/31/2025 |
| 8 | Orbis Investment Management Ltd. | 81,682,615 | -4,144,377 | 766,182,928.7 | 1.8144 | 1.5101 | 12/31/2025 |
| 9 | Tredje AP-fonden | 4,269,151 | -3,171,569 | 40,044,636.38 | 0.2582 | 0.0789 | 12/31/2025 |
| 10 | Westwood Global Investments LLC | 61,328,933 | -2,662,302 | 575,265,391.54 | 15.3883 | 1.1338 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.