| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (International Investors) | 4,668,387 | 20,758 | 54,059,921.46 | 0.0078 | 4.0004 | 12/31/2025 |
| 2 | Fourth Sail Capital LP | 2,404,072 | 32,148 | 27,839,153.76 | 2.6197 | 2.0601 | 12/31/2025 |
| 3 | RWC Asset Management LLP | 1,965,612 | 529,153 | 22,761,786.96 | 0.2184 | 1.6844 | 12/31/2025 |
| 4 | Ancient Art LP | 1,435,809 | 0 | 16,626,668.22 | 3.7539 | 1.2304 | 12/31/2025 |
| 5 | Global X Management Co. LLC | 1,145,765 | 29,258 | 13,267,958.7 | 0.0143 | 0.9818 | 12/31/2025 |
| 6 | PointState Capital LP | 1,130,732 | 803,289 | 13,093,876.56 | 0.2371 | 0.969 | 12/31/2025 |
| 7 | Fundamenta Capital SA (Uruguay) | 1,010,586 | 1,010,586 | 11,702,585.88 | 7.0936 | 0.866 | 12/31/2025 |
| 8 | M&G Investment Management Ltd. | 954,292 | 101,672 | 11,050,701.36 | 0.0137 | 0.8178 | 12/31/2025 |
| 9 | Hosking Partners LLP | 642,012 | -7,619 | 7,434,498.96 | 0.1922 | 0.5502 | 12/31/2025 |
| 10 | abrdn Investments Ltd. | 566,791 | 29,791 | 6,563,439.78 | 0.0156 | 0.4857 | 12/31/2025 |
| 11 | abrdn, Inc. | 453,200 | -210,900 | 5,248,056 | 0.0483 | 0.3884 | 12/31/2025 |
| 12 | Glenorchy Capital Ltd. | 409,870 | -8,605 | 4,746,294.6 | 2.6874 | 0.3512 | 12/31/2025 |
| 13 | Kapitalo Investimentos Ltda. | 380,833 | -4,901 | 4,410,046.14 | 0.1122 | 0.3263 | 12/31/2025 |
| 14 | Long Focus Capital Management LLC | 377,600 | 0 | 4,372,608 | 0.2277 | 0.3236 | 12/31/2025 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 281,844 | 177,220 | 3,263,753.52 | 0.0015 | 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 | 45,931,861.56 | 0.0607 | 3.399 | 12/31/2025 |
| 2 | Redwheel Next Generation Emerging Markets Equity Fund | 1,778,003 | 341,544 | 20,589,274.74 | 0.8444 | 1.5236 | 02/27/2026 |
| 3 | Global X MSCI Argentina ETF | 1,263,251 | 146,744 | 14,628,446.58 | 1.8221 | 1.0825 | 03/31/2026 |
| 4 | M&G Investment Funds (7) OEIC - Global Emerging Markets Fund | 669,551 | 10,313 | 7,753,400.58 | 0.5612 | 0.5738 | 11/30/2025 |
| 5 | abrdn Global Infrastructure Income Fund | 566,791 | 29,791 | 6,563,439.78 | 0.8933 | 0.4857 | 03/31/2026 |
| 6 | abrdn OEIC II - Global Infrastructure Equity Fund | 357,300 | -172,400 | 4,137,534 | 0.9703 | 0.3062 | 12/31/2025 |
| 7 | American Funds Developing World Growth & Income Fund | 312,789 | 0 | 3,622,096.62 | 0.1592 | 0.268 | 12/31/2025 |
| 8 | M&G (Lux) Investment Funds 1 - Global Emerging Markets Fund | 229,014 | 35,632 | 2,651,982.12 | 0.5579 | 0.1962 | 11/30/2025 |
| 9 | American Funds Insurance Series - New World Fund | 212,068 | 38 | 2,455,747.44 | 0.0605 | 0.1817 | 12/31/2025 |
| 10 | Ayalon Zvulun 4D Global Stocks | 196,010 | 0 | 2,269,795.8 | 3.7931 | 0.168 | 01/29/2026 |
| 11 | Moneda Luxembourg SICAV - Latin America Small Cap Fund | 189,835 | 0 | 2,198,289.3 | 0.7929 | 0.1627 | 06/30/2025 |
| 12 | Pacific Capital UCITS Funds plc - North of South EM Eq Inc Opp | 157,657 | 157,657 | 1,825,668.06 | 0.7172 | 0.1351 | 02/27/2026 |
| 13 | SEI Institutional Invt. Trust - Emerging Markets Equity Fund | 144,315 | 0 | 1,671,167.7 | 0.243 | 0.1237 | 02/28/2026 |
| 14 | Ashmore Emerging Markets Frontier Equity Fund | 120,815 | 120,815 | 1,399,037.7 | 1.3033 | 0.1035 | 01/30/2026 |
| 15 | Eaton Vance Emerging & Frontier Countries Equity Fund | 120,549 | 22,026 | 1,395,957.42 | 0.0432 | 0.1033 | 01/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fundamenta Capital SA (Uruguay) | 1,010,586 | 1,010,586 | 11,702,585.88 | 7.0936 | 0.866 | 12/31/2025 |
| 2 | PointState Capital LP | 1,130,732 | 803,289 | 13,093,876.56 | 0.2371 | 0.969 | 12/31/2025 |
| 3 | RWC Asset Management LLP | 1,965,612 | 529,153 | 22,761,786.96 | 0.2184 | 1.6844 | 12/31/2025 |
| 4 | Itau USA Asset Management, Inc. | 190,920 | 190,920 | 2,210,853.6 | 0.0328 | 0.1636 | 12/31/2025 |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 281,844 | 177,220 | 3,263,753.52 | 0.0015 | 0.2415 | 12/31/2025 |
| 6 | North of South Capital LLP | 120,000 | 120,000 | 1,389,600 | 0.0282 | 0.1028 | 12/31/2025 |
| 7 | ABS Investment Management LLC | 103,990 | 103,990 | 1,204,204.2 | 0.5218 | 0.0891 | 12/31/2025 |
| 8 | M&G Investment Management Ltd. | 954,292 | 101,672 | 11,050,701.36 | 0.0137 | 0.8178 | 12/31/2025 |
| 9 | Citigroup Global Markets, Inc. (Investment Management) | 100,573 | 100,573 | 1,164,635.34 | 0.0008 | 0.0862 | 12/31/2025 |
| 10 | Absolute Gestao de Investimentos Ltda. | 85,426 | 85,426 | 989,233.08 | 0.0646 | 0.0732 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. International Plc | 167,094 | -578,901 | 1,934,948.52 | 0.0181 | 0.1432 | 12/31/2025 |
| 2 | D. E. Shaw & Co. LP | 139,176 | -543,393 | 1,611,658.08 | 0.0012 | 0.1193 | 12/31/2025 |
| 3 | Qube Research & Technologies Ltd. | 0 | -321,877 | 0 | 0 | 0 | |
| 4 | Helikon Investments Ltd. | 0 | -242,501 | 0 | 0 | 0 | |
| 5 | Walleye Capital LLC | 0 | -224,194 | 0 | 0 | 0 | |
| 6 | Arrowstreet Capital LP | 0 | -212,886 | 0 | 0 | 0 | |
| 7 | abrdn, Inc. | 453,200 | -210,900 | 5,248,056 | 0.0483 | 0.3884 | 12/31/2025 |
| 8 | Jane Street Capital LLC | 0 | -161,738 | 0 | 0 | 0 | |
| 9 | Citadel Securities LLC | 0 | -140,163 | 0 | 0 | 0 | |
| 10 | Bank of America, NA (Private Banking) | 2,553 | -133,264 | 29,563.74 | 0 | 0.0022 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.