| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (International Investors) | 4,668,387 | 17,812 | 53,266,295.67 | 0.0074 | 4.0004 | 12/31/2025 |
| 2 | Fourth Sail Capital LP | 2,404,072 | 947,302 | 27,430,461.52 | 2.5617 | 2.0601 | 12/31/2025 |
| 3 | RWC Asset Management LLP | 1,965,612 | 786,471 | 22,427,632.92 | 0.2094 | 1.6844 | 12/31/2025 |
| 4 | Ancient Art LP | 1,435,809 | 0 | 16,382,580.69 | 3.4258 | 1.2304 | 12/31/2025 |
| 5 | Global X Management Co. LLC | 1,145,765 | 1,145,765 | 13,073,178.65 | 0.0138 | 0.9818 | 12/31/2025 |
| 6 | PointState Capital LP | 1,130,732 | 1,130,732 | 12,901,652.12 | 0.2325 | 0.969 | 12/31/2025 |
| 7 | Fundamenta Capital SA (Uruguay) | 1,010,586 | 1,010,586 | 11,530,786.26 | 7.3397 | 0.866 | 12/31/2025 |
| 8 | M&G Investment Management Ltd. | 954,292 | 954,292 | 10,888,471.72 | 0.0128 | 0.8178 | 12/31/2025 |
| 9 | Hosking Partners LLP | 642,012 | -26,343 | 7,325,356.92 | 0.1888 | 0.5502 | 12/31/2025 |
| 10 | abrdn Investments Ltd. | 566,791 | 3,930 | 6,467,085.31 | 0.0148 | 0.4857 | 12/31/2025 |
| 11 | abrdn, Inc. | 453,200 | -13,829 | 5,171,012 | 0.0467 | 0.3884 | 12/31/2025 |
| 12 | Glenorchy Capital Ltd. | 409,870 | -34,165 | 4,676,616.7 | 2.638 | 0.3512 | 12/31/2025 |
| 13 | Kapitalo Investimentos Ltda. | 380,833 | 2,233 | 4,345,304.53 | 0.1014 | 0.3263 | 12/31/2025 |
| 14 | Long Focus Capital Management LLC | 377,600 | 0 | 4,308,416 | 0.2162 | 0.3236 | 12/31/2025 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 281,844 | 191,743 | 3,215,840.04 | 0.0014 | 0.2415 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 3,966,482 | -9,361 | 45,257,559.62 | 0.0576 | 3.399 | 12/31/2025 |
| 2 | Redwheel Next Generation Emerging Markets Equity Fund | 1,778,003 | 341,544 | 20,287,014.23 | 0.7865 | 1.5236 | 01/30/2026 |
| 3 | Global X MSCI Argentina ETF | 1,238,895 | -136,433 | 14,135,791.95 | 1.6733 | 1.0616 | 01/30/2026 |
| 4 | M&G Investment Funds (7) OEIC - Global Emerging Markets Fund | 669,551 | 669,551 | 7,639,576.91 | 0.535 | 0.5738 | 10/31/2025 |
| 5 | abrdn Global Infrastructure Income Fund | 566,791 | 29,791 | 6,467,085.31 | 0.8786 | 0.4857 | 01/30/2026 |
| 6 | abrdn OEIC II - Global Infrastructure Equity Fund | 500,328 | 74,899 | 5,708,742.48 | 1.2882 | 0.4287 | 10/31/2025 |
| 7 | American Funds Developing World Growth & Income Fund | 312,789 | 0 | 3,568,922.49 | 0.1499 | 0.268 | 12/31/2025 |
| 8 | American Funds Insurance Series - New World Fund | 212,068 | 38 | 2,419,695.88 | 0.0573 | 0.1817 | 12/31/2025 |
| 9 | M&G (Lux) Investment Funds 1 - Global Emerging Markets Fund | 200,958 | 200,958 | 2,292,930.78 | 0.5276 | 0.1722 | 10/31/2025 |
| 10 | Ayalon Zvulun 4D Global Stocks | 196,010 | 0 | 2,236,474.1 | 3.674 | 0.168 | 11/26/2025 |
| 11 | Moneda Luxembourg SICAV - Latin America Small Cap Fund | 189,835 | 0 | 2,166,017.35 | 0.7636 | 0.1627 | 06/30/2025 |
| 12 | SEI Institutional Invt. Trust - Emerging Markets Equity Fund | 144,315 | 0 | 1,646,634.15 | 0.2232 | 0.1237 | 01/31/2026 |
| 13 | ART Global Macro | 130,000 | 0 | 1,483,300 | 0.9922 | 0.1114 | 04/30/2025 |
| 14 | Eaton Vance Emerging & Frontier Countries Equity Fund | 120,549 | 49,487 | 1,375,464.09 | 0.0428 | 0.1033 | 12/31/2025 |
| 15 | Eaton Vance Global Macro Capital Opportunities Portfolio | 120,549 | 49,487 | 1,375,464.09 | 0.0451 | 0.1033 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X Management Co. LLC | 1,145,765 | 1,145,765 | 13,073,178.65 | 0.0138 | 0.9818 | 12/31/2025 |
| 2 | PointState Capital LP | 1,130,732 | 1,130,732 | 12,901,652.12 | 0.2325 | 0.969 | 12/31/2025 |
| 3 | Fundamenta Capital SA (Uruguay) | 1,010,586 | 1,010,586 | 11,530,786.26 | 7.3397 | 0.866 | 12/31/2025 |
| 4 | M&G Investment Management Ltd. | 954,292 | 954,292 | 10,888,471.72 | 0.0128 | 0.8178 | 12/31/2025 |
| 5 | Fourth Sail Capital LP | 2,404,072 | 947,302 | 27,430,461.52 | 2.5617 | 2.0601 | 12/31/2025 |
| 6 | RWC Asset Management LLP | 1,965,612 | 786,471 | 22,427,632.92 | 0.2094 | 1.6844 | 12/31/2025 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 281,844 | 191,743 | 3,215,840.04 | 0.0014 | 0.2415 | 12/31/2025 |
| 8 | Itau USA Asset Management, Inc. | 190,920 | 190,920 | 2,178,397.2 | 0.033 | 0.1636 | 12/31/2025 |
| 9 | North of South Capital LLP | 120,000 | 120,000 | 1,369,200 | 0.0268 | 0.1028 | 12/31/2025 |
| 10 | UBS Securities LLC | 163,727 | 111,850 | 1,868,125.07 | 0.0007 | 0.1403 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | MAK Capital One LLC | 0 | -2,175,152 | 0 | 0 | 0 | |
| 2 | INCA Investments LLC | 0 | -1,936,036 | 0 | 0 | 0 | |
| 3 | D. E. Shaw & Co. LP | 139,176 | -420,737 | 1,587,998.16 | 0.0012 | 0.1193 | 12/31/2025 |
| 4 | Morgan Stanley & Co. International Plc | 167,094 | -397,020 | 1,906,542.54 | 0.0173 | 0.1432 | 12/31/2025 |
| 5 | Arrowstreet Capital LP | 0 | -375,223 | 0 | 0 | 0 | |
| 6 | JPMorgan Securities LLC (Investment Management) | 5,098 | -354,589 | 58,168.18 | 0 | 0.0044 | 12/31/2025 |
| 7 | Sagil Capital LLP | 0 | -252,554 | 0 | 0 | 0 | |
| 8 | Polen Capital Management LLC | 0 | -187,687 | 0 | 0 | 0 | |
| 9 | William Blair Investment Management LLC | 0 | -179,109 | 0 | 0 | 0 | |
| 10 | Bosun Asset Management LLC | 0 | -149,225 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.