| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 4,444,137 | 383,528 | 118,404,697.68 | 0.0805 | 1.6296 | 08/31/2025 |
| 2 | Pictet Asset Management Ltd. | 1,925,834 | 0 | 51,309,802.68 | 0.6294 | 0.7062 | 03/31/2025 |
| 3 | Capital Research & Management Co. (World Investors) | 1,445,830 | 144,838 | 38,521,104.11 | 0.0039 | 0.5302 | 09/30/2025 |
| 4 | Trigon Asset Management AS | 1,177,764 | 0 | 31,379,048.48 | 3.3642 | 0.4319 | 06/30/2025 |
| 5 | HSBC Global Asset Management (UK) Ltd. | 883,416 | -23,532 | 23,536,764.15 | 0.0145 | 0.3239 | 08/31/2025 |
| 6 | Kopernik Global Investors LLC | 785,325 | -183,356 | 20,923,335.44 | 0.3608 | 0.288 | 08/31/2025 |
| 7 | RWC Asset Advisors (US) LLC | 722,534 | 400,000 | 19,250,401.11 | 0.3416 | 0.2649 | 08/29/2025 |
| 8 | Santa Lucia Asset Management Pte. Ltd. | 695,000 | 0 | 18,516,815.5 | 2.2128 | 0.2549 | 04/30/2025 |
| 9 | Coeli Asset Management AB | 545,719 | -25,000 | 14,539,536.75 | 2.3659 | 0.2001 | 06/30/2025 |
| 10 | Franklin Templeton Investments (ME) Ltd. | 521,538 | -14,671 | 13,895,284.78 | 3.2336 | 0.1912 | 09/30/2025 |
| 11 | East Capital Financial Services AB | 501,038 | -104,862 | 13,349,105.33 | 1.3261 | 0.1837 | 08/29/2025 |
| 12 | Ranmore Fund Management Ltd. | 499,998 | 19,809 | 13,321,396.71 | 1.6463 | 0.1833 | 04/30/2025 |
| 13 | Legal & General Investment Management Ltd. | 425,494 | -52,050 | 11,336,394.09 | 0.0038 | 0.156 | 08/29/2025 |
| 14 | JPMorgan Asset Management (UK) Ltd. | 421,917 | -8,020 | 11,241,092.44 | 0.0073 | 0.1547 | 09/30/2025 |
| 15 | Capital Research & Management Co. (International Investors) | 412,131 | -99,854 | 10,980,365.02 | 0.0017 | 0.1511 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Pictet - Russian Equities | 1,925,834 | 0 | 51,309,802.68 | 55.6017 | 0.7062 | 03/31/2025 |
| 2 | Schroder ISF - Frontier Markets Equity | 1,559,561 | -49,804 | 41,551,227.77 | 5.5906 | 0.5719 | 08/31/2025 |
| 3 | American Funds Insurance Series - Global Growth Fund | 1,445,830 | 144,838 | 38,521,104.11 | 0.4426 | 0.5302 | 09/30/2025 |
| 4 | Schroder ISF - Emerging Europe | 1,210,768 | 534,382 | 32,258,370.75 | 2.4082 | 0.444 | 08/31/2025 |
| 5 | Schroder ISF - Global Emerging Market Opportunities | 1,105,334 | -120,943 | 29,449,303.23 | 1.2749 | 0.4053 | 08/31/2025 |
| 6 | HSBC Global Investment Funds - Frontier Markets | 883,416 | -23,532 | 23,536,764.15 | 2.8563 | 0.3239 | 08/31/2025 |
| 7 | Redwheel Next Generation Emerging Markets Equity Fund | 722,534 | 400,000 | 19,250,401.11 | 1.1732 | 0.2649 | 08/29/2025 |
| 8 | CIM Investment Fund ICAV - Dividend Income Fund | 695,000 | 0 | 18,516,815.5 | 2.3878 | 0.2549 | 04/30/2025 |
| 9 | TRIGON - New Europe Fund | 584,382 | 0 | 15,569,631.19 | 3.2435 | 0.2143 | 06/30/2025 |
| 10 | Trigon New Europe Fund | 584,382 | 0 | 15,569,631.19 | 3.2435 | 0.2143 | 06/30/2025 |
| 11 | Coeli SICAV I - Frontier Markets | 545,719 | -25,000 | 14,539,536.75 | 6.6069 | 0.2001 | 06/30/2025 |
| 12 | FTIF SICAV - Templeton Frontier Markets Fund | 521,538 | -14,671 | 13,895,284.78 | 4.39 | 0.1912 | 09/30/2025 |
| 13 | East Capital - Global Frontier Markets Fund | 501,038 | -104,862 | 13,349,105.33 | 4.493 | 0.1837 | 08/29/2025 |
| 14 | Ranmore Global Equity Fund Plc | 499,998 | 19,809 | 13,321,396.71 | 1.7509 | 0.1833 | 04/30/2025 |
| 15 | L&G ICAV - Frontier Markets Equity Fund | 425,494 | -52,050 | 11,336,394.09 | 1.9444 | 0.156 | 08/29/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | RWC Asset Advisors (US) LLC | 722,534 | 400,000 | 19,250,401.11 | 0.3416 | 0.2649 | 08/29/2025 |
| 2 | Schroder Investment Management Ltd. | 4,444,137 | 383,528 | 118,404,697.68 | 0.0805 | 1.6296 | 08/31/2025 |
| 3 | Wellington Management Hong Kong Ltd. | 203,700 | 203,700 | 5,427,158.73 | 0.0567 | 0.0747 | 06/30/2025 |
| 4 | FIL Investments International | 181,532 | 181,532 | 4,836,538.92 | 0.0034 | 0.0666 | 08/31/2025 |
| 5 | Vontobel Asset Management, Inc. | 145,112 | 145,112 | 3,866,204.5 | 0.0181 | 0.0532 | 06/30/2025 |
| 6 | Capital Research & Management Co. (World Investors) | 1,445,830 | 144,838 | 38,521,104.11 | 0.0039 | 0.5302 | 09/30/2025 |
| 7 | East Capital International AB (Russia) | 129,500 | 129,500 | 3,450,255.55 | 0.5035 | 0.0475 | 08/29/2025 |
| 8 | BlackRock Investment Management (UK) Ltd. | 359,172 | 87,623 | 9,569,383.68 | 0.0012 | 0.1317 | 09/30/2025 |
| 9 | Thompson, Siegel & Walmsley LLC | 86,700 | 86,700 | 2,309,939.43 | 0.0177 | 0.0318 | 08/31/2025 |
| 10 | Generali Investments CEE Investicni Spolecnost AS | 304,866 | 77,879 | 8,122,514.35 | 0.6307 | 0.1118 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Kopernik Global Investors LLC | 785,325 | -183,356 | 20,923,335.44 | 0.3608 | 0.288 | 08/31/2025 |
| 2 | SEI Investments Management Corp. | 207,324 | -123,187 | 5,523,712.6 | 0.0056 | 0.076 | 09/30/2025 |
| 3 | Harding Loevner LP | 178,223 | -108,213 | 4,748,377.57 | 0.0165 | 0.0654 | 07/31/2025 |
| 4 | East Capital Financial Services AB | 501,038 | -104,862 | 13,349,105.33 | 1.3261 | 0.1837 | 08/29/2025 |
| 5 | Capital International Ltd. | 311,509 | -100,393 | 8,299,503.14 | 0.0044 | 0.1142 | 09/30/2025 |
| 6 | Capital Research & Management Co. (International Investors) | 412,131 | -99,854 | 10,980,365.02 | 0.0017 | 0.1511 | 09/30/2025 |
| 7 | Ashmore Investment Management Ltd. | 239,267 | -67,574 | 6,374,766.75 | 0.6423 | 0.0877 | 07/31/2025 |
| 8 | Legal & General Investment Management Ltd. | 425,494 | -52,050 | 11,336,394.09 | 0.0038 | 0.156 | 08/29/2025 |
| 9 | Templeton Asset Management Ltd. | 391,132 | -27,152 | 10,420,890.76 | 0.0623 | 0.1434 | 09/30/2025 |
| 10 | Morgan Stanley Investment Management, Inc. | 253,523 | -25,206 | 6,754,587.94 | 0.007 | 0.093 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.