| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 17,417,574 | 17,042,677 | 278,681,184 | 0.0058 | 2.1392 | 12/31/2025 |
| 2 | Davis Selected Advisers LP | 11,854,741 | 11,854,741 | 189,675,856 | 0.7153 | 1.456 | 12/31/2025 |
| 3 | D. E. Shaw & Co. LP | 9,727,691 | 8,571,831 | 155,643,056 | 0.1227 | 1.1947 | 09/30/2025 |
| 4 | SSgA Funds Management, Inc. | 6,138,536 | 381,610 | 98,216,576 | 0.0031 | 0.7539 | 12/31/2025 |
| 5 | Millennium Management LLC | 5,988,697 | 1,520,182 | 95,819,152 | 0.0726 | 0.7355 | 09/30/2025 |
| 6 | Columbia Management Investment Advisers LLC | 4,761,215 | 4,733,776 | 76,179,440 | 0.0175 | 0.5848 | 09/30/2025 |
| 7 | Alberta Investment Management Corp. | 4,234,300 | 2,850,000 | 67,748,800 | 0.6197 | 0.52 | 09/30/2025 |
| 8 | RREEF America LLC | 3,816,671 | 3,816,671 | 61,066,736 | 0.279 | 0.4688 | 12/31/2025 |
| 9 | Carrhae Capital LLP | 3,649,226 | 3,649,226 | 58,387,616 | 3.5541 | 0.4482 | 12/31/2025 |
| 10 | Arrowstreet Capital LP | 3,540,471 | 3,164,687 | 56,647,536 | 0.0304 | 0.4348 | 12/31/2025 |
| 11 | BlackRock Advisors (UK) Ltd. | 3,003,344 | 2,752,969 | 48,053,504 | 0.005 | 0.3689 | 12/31/2025 |
| 12 | BlackRock Asset Management Deutschland AG | 2,999,003 | 2,989,833 | 47,984,048 | 0.0518 | 0.3683 | 12/31/2025 |
| 13 | BNP Paribas Financial Markets | 2,591,133 | 2,242,212 | 41,458,128 | 0.0253 | 0.3182 | 12/31/2025 |
| 14 | Geode Capital Management LLC | 2,494,292 | 366,392 | 39,908,672 | 0.002 | 0.3063 | 12/31/2025 |
| 15 | Van Eck Associates Corp. | 2,378,805 | -1,092,600 | 38,060,880 | 0.0227 | 0.2922 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares MSCI Brazil ETF | 6,837,129 | 1,210,595 | 109,394,064 | 1.2131 | 0.8397 | 01/30/2026 |
| 2 | iShares Core MSCI Emerging Markets ETF | 4,659,475 | 902,837 | 74,551,600 | 0.052 | 0.5723 | 01/30/2026 |
| 3 | Columbia Overseas Value Fund | 3,367,164 | 475,966 | 53,874,624 | 0.8238 | 0.4135 | 12/31/2025 |
| 4 | iShares MSCI Brazil UCITS ETF (DE) | 3,321,693 | 676,343 | 53,147,088 | 1.2112 | 0.408 | 01/30/2026 |
| 5 | Carillon Scout Mid Cap Fund | 1,924,521 | 1,924,521 | 30,792,336 | 0.8709 | 0.2364 | 09/30/2025 |
| 6 | DWS RREEF Real Assets Fund | 1,824,700 | 1,824,700 | 29,195,200 | 0.7538 | 0.2241 | 12/31/2025 |
| 7 | Columbia Variable Portfolio - Overseas Core Fund | 1,821,857 | 1,821,857 | 29,149,712 | 0.6597 | 0.2238 | 09/30/2025 |
| 8 | Metropolitan Series - Van Eck Global Natural Resources Port. | 1,557,350 | -132,800 | 24,917,600 | 2.5715 | 0.1913 | 09/30/2025 |
| 9 | VanEck Global Resources Fund | 1,218,936 | 110,380 | 19,502,976 | 2.5699 | 0.1497 | 12/31/2025 |
| 10 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 1,043,642 | 104,835 | 16,698,272 | 0.0433 | 0.1282 | 01/30/2026 |
| 11 | iShares MSCI Emerging Markets ETF | 1,003,898 | 195,392 | 16,062,368 | 0.0574 | 0.1233 | 01/30/2026 |
| 12 | Davis Select Worldwide ETF | 971,340 | 971,340 | 15,541,440 | 2.9894 | 0.1193 | 01/30/2026 |
| 13 | FIA Investimento No Exterior PGB | 965,000 | 0 | 15,440,000 | 27.6852 | 0.1185 | 09/30/2025 |
| 14 | iShares MSCI Emerging Markets ex China ETF | 782,542 | -69,275 | 12,520,672 | 0.076 | 0.0961 | 01/30/2026 |
| 15 | Fidelity Series Global (ex-US) Index Fund | 765,267 | 59,067 | 12,244,272 | 0.0175 | 0.094 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 17,417,574 | 17,042,677 | 278,681,184 | 0.0058 | 2.1392 | 12/31/2025 |
| 2 | Davis Selected Advisers LP | 11,854,741 | 11,854,741 | 189,675,856 | 0.7153 | 1.456 | 12/31/2025 |
| 3 | D. E. Shaw & Co. LP | 9,727,691 | 8,571,831 | 155,643,056 | 0.1227 | 1.1947 | 09/30/2025 |
| 4 | Columbia Management Investment Advisers LLC | 4,761,215 | 4,733,776 | 76,179,440 | 0.0175 | 0.5848 | 09/30/2025 |
| 5 | RREEF America LLC | 3,816,671 | 3,816,671 | 61,066,736 | 0.279 | 0.4688 | 12/31/2025 |
| 6 | Carrhae Capital LLP | 3,649,226 | 3,649,226 | 58,387,616 | 3.5541 | 0.4482 | 12/31/2025 |
| 7 | Arrowstreet Capital LP | 3,540,471 | 3,164,687 | 56,647,536 | 0.0304 | 0.4348 | 12/31/2025 |
| 8 | BlackRock Asset Management Deutschland AG | 2,999,003 | 2,989,833 | 47,984,048 | 0.0518 | 0.3683 | 12/31/2025 |
| 9 | Alberta Investment Management Corp. | 4,234,300 | 2,850,000 | 67,748,800 | 0.6197 | 0.52 | 09/30/2025 |
| 10 | BlackRock Advisors (UK) Ltd. | 3,003,344 | 2,752,969 | 48,053,504 | 0.005 | 0.3689 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Securities LLC (Investment Management) | 1,161,916 | -9,817,880 | 18,590,656 | 0.0124 | 0.1427 | 12/31/2025 |
| 2 | Morgan Stanley & Co. LLC | 2,148,376 | -4,445,665 | 34,374,016 | 0.0121 | 0.2639 | 12/31/2025 |
| 3 | Verition Fund Management LLC | 23,601 | -2,455,910 | 377,616 | 0.002 | 0.0029 | 12/31/2025 |
| 4 | Merrill Lynch International (Investment Management) | 1,319,684 | -2,294,852 | 21,114,944 | 0.0835 | 0.1621 | 09/30/2025 |
| 5 | Candlestick Capital Management LP | 0 | -2,029,657 | 0 | 0 | 0 | |
| 6 | Dendur Capital LP | 0 | -1,920,000 | 0 | 0 | 0 | |
| 7 | Maple Rock Capital Partners, Inc. | 1,059,306 | -1,154,400 | 16,948,896 | 0.4587 | 0.1301 | 09/30/2025 |
| 8 | Van Eck Associates Corp. | 2,378,805 | -1,092,600 | 38,060,880 | 0.0227 | 0.2922 | 12/31/2025 |
| 9 | Hartree Partners LP (Investment Management) | 736,441 | -786,533 | 11,783,056 | 3.4662 | 0.0904 | 09/30/2025 |
| 10 | Sagil Capital LLP | 0 | -652,650 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.