| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Securities LLC (Investment Management) | 10,979,796 | 10,979,796 | 147,788,054.16 | 0.0749 | 1.3485 | 06/30/2025 |
| 2 | Morgan Stanley & Co. LLC | 6,594,041 | 6,594,041 | 88,755,791.86 | 0.03 | 0.8099 | 06/30/2025 |
| 3 | SSgA Funds Management, Inc. | 5,756,926 | 5,756,926 | 77,488,223.96 | 0.0026 | 0.7071 | 06/30/2025 |
| 4 | Millennium Management LLC | 4,468,515 | 4,468,515 | 60,146,211.9 | 0.0508 | 0.5488 | 06/30/2025 |
| 5 | Merrill Lynch International (Investment Management) | 3,614,536 | 3,614,536 | 48,651,654.56 | 0.264 | 0.4439 | 06/30/2025 |
| 6 | Van Eck Associates Corp. | 3,471,405 | 3,471,405 | 46,725,111.3 | 0.0357 | 0.4263 | 06/30/2025 |
| 7 | Verition Fund Management LLC | 2,479,511 | 2,479,511 | 33,374,218.06 | 0.1758 | 0.3045 | 06/30/2025 |
| 8 | Maple Rock Capital Partners, Inc. | 2,213,706 | 2,213,706 | 29,796,482.76 | 1.0072 | 0.2719 | 06/30/2025 |
| 9 | Geode Capital Management LLC | 2,127,900 | 2,127,900 | 28,641,534 | 0.0015 | 0.2613 | 06/30/2025 |
| 10 | Candlestick Capital Management LP | 2,029,657 | 2,029,657 | 27,319,183.22 | 0.9612 | 0.2493 | 06/30/2025 |
| 11 | Dendur Capital LP | 1,920,000 | 1,920,000 | 25,843,200 | 2.5666 | 0.2358 | 06/30/2025 |
| 12 | Hartree Partners LP (Investment Management) | 1,522,974 | 1,522,974 | 20,499,230.04 | 5.585 | 0.187 | 06/30/2025 |
| 13 | Alberta Investment Management Corp. | 1,384,300 | 1,384,300 | 18,632,678 | 0.1884 | 0.17 | 06/30/2025 |
| 14 | Loews Corp. (Investment Portfolio) | 1,330,000 | 1,330,000 | 17,901,800 | 0.1552 | 0.1633 | 06/30/2025 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 1,216,447 | 1,216,447 | 16,373,376.62 | 0.0067 | 0.1494 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares MSCI Brazil ETF | 5,683,316 | 5,683,316 | 76,497,433.36 | 1.2445 | 0.698 | 10/31/2025 |
| 2 | iShares Core MSCI Emerging Markets ETF | 3,673,672 | 3,673,672 | 49,447,625.12 | 0.0431 | 0.4512 | 10/31/2025 |
| 3 | Columbia Overseas Value Fund | 3,330,826 | 3,330,826 | 44,832,917.96 | 0.8143 | 0.4091 | 09/30/2025 |
| 4 | iShares MSCI Brazil UCITS ETF (DE) | 2,660,952 | 2,660,952 | 35,816,413.92 | 1.1342 | 0.3268 | 10/31/2025 |
| 5 | Metropolitan Series - Van Eck Global Natural Resources Port. | 1,690,150 | 1,690,150 | 22,749,419 | 2.7357 | 0.2076 | 06/30/2025 |
| 6 | VanEck Global Resources Fund | 1,069,390 | 1,069,390 | 14,393,989.4 | 2.7807 | 0.1313 | 09/30/2025 |
| 7 | FIA Investimento No Exterior PGB | 965,000 | 965,000 | 12,988,900 | 26.5561 | 0.1185 | 06/30/2025 |
| 8 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 964,176 | 964,176 | 12,977,808.96 | 0.0407 | 0.1184 | 10/31/2025 |
| 9 | Macquarie Emerging Markets Fund | 800,000 | 800,000 | 10,768,000 | 0.127 | 0.0983 | 09/30/2025 |
| 10 | iShares MSCI Emerging Markets ETF | 771,136 | 771,136 | 10,379,490.56 | 0.0493 | 0.0947 | 10/31/2025 |
| 11 | iShares MSCI Emerging Markets (ex-China) ETF | 693,670 | 693,670 | 9,336,798.2 | 0.0703 | 0.0852 | 10/31/2025 |
| 12 | Fidelity Series Global (ex-US) Index Fund | 687,091 | 687,091 | 9,248,244.86 | 0.0151 | 0.0844 | 09/30/2025 |
| 13 | VanEck VIP Global Resources Fund | 631,550 | 631,550 | 8,500,663 | 2.7476 | 0.0776 | 06/30/2025 |
| 14 | DWS RREEF Real Assets Fund | 591,000 | 591,000 | 7,954,860 | 0.234 | 0.0726 | 09/30/2025 |
| 15 | iShares Tr. - Core MSCI Total International Stock ETF | 496,079 | 496,079 | 6,677,223.34 | 0.0132 | 0.0609 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Securities LLC (Investment Management) | 10,979,796 | 10,979,796 | 147,788,054.16 | 0.0749 | 1.3485 | 06/30/2025 |
| 2 | Morgan Stanley & Co. LLC | 6,594,041 | 6,594,041 | 88,755,791.86 | 0.03 | 0.8099 | 06/30/2025 |
| 3 | SSgA Funds Management, Inc. | 5,756,926 | 5,756,926 | 77,488,223.96 | 0.0026 | 0.7071 | 06/30/2025 |
| 4 | Millennium Management LLC | 4,468,515 | 4,468,515 | 60,146,211.9 | 0.0508 | 0.5488 | 06/30/2025 |
| 5 | Merrill Lynch International (Investment Management) | 3,614,536 | 3,614,536 | 48,651,654.56 | 0.264 | 0.4439 | 06/30/2025 |
| 6 | Van Eck Associates Corp. | 3,471,405 | 3,471,405 | 46,725,111.3 | 0.0357 | 0.4263 | 06/30/2025 |
| 7 | Verition Fund Management LLC | 2,479,511 | 2,479,511 | 33,374,218.06 | 0.1758 | 0.3045 | 06/30/2025 |
| 8 | Maple Rock Capital Partners, Inc. | 2,213,706 | 2,213,706 | 29,796,482.76 | 1.0072 | 0.2719 | 06/30/2025 |
| 9 | Geode Capital Management LLC | 2,127,900 | 2,127,900 | 28,641,534 | 0.0015 | 0.2613 | 06/30/2025 |
| 10 | Candlestick Capital Management LP | 2,029,657 | 2,029,657 | 27,319,183.22 | 0.9612 | 0.2493 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BICE Inversiones Administradora General de Fondos SA | 3,638 | -36,735 | 48,967.48 | 0.0151 | 0.0004 | 09/30/2025 |
| 2 | CGM - Azimut Monaco SA | 0 | -7,148 | 0 | 0 | 0 | |
| 3 | PNC Investments LLC | 0 | -69 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.