| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Ninety One UK Ltd. | 6,295,537 | 27,768 | 750,176,188.92 | 1.232 | 0.9936 | 12/31/2025 |
| 2 | UBS Asset Management (Americas) LLC | 3,984,656 | 3,984,656 | 474,811,608.96 | 0.2962 | 0.6289 | 12/31/2025 |
| 3 | UBS Asset Management Switzerland AG | 3,920,128 | 3,907,728 | 467,122,452.48 | 0.1266 | 0.6187 | 12/31/2025 |
| 4 | Orbis Investment Management Ltd. | 3,389,449 | -117,765 | 403,886,742.84 | 0.9365 | 0.535 | 12/31/2025 |
| 5 | UBS Asset Management (Hong Kong) Ltd. | 3,330,821 | -238,230 | 396,900,630.36 | 4.6656 | 0.5257 | 10/31/2025 |
| 6 | Greenwoods Investments SG Pte Ltd. | 3,212,200 | -273,800 | 382,765,752 | 9.8323 | 0.507 | 12/31/2025 |
| 7 | Harding Loevner LP | 2,476,401 | -106,235 | 295,087,943.16 | 1.1379 | 0.3909 | 12/31/2025 |
| 8 | Dodge & Cox | 2,154,376 | -591,400 | 256,715,444.16 | 0.0995 | 0.34 | 12/31/2025 |
| 9 | Fidelity Management & Research Co. LLC | 1,548,387 | 562,009 | 184,505,794.92 | 0.01 | 0.2444 | 12/31/2025 |
| 10 | Capital Research & Management Co. (World Investors) | 1,507,792 | -43,322 | 179,668,494.72 | 0.0175 | 0.238 | 12/31/2025 |
| 11 | Arrowstreet Capital LP | 1,218,256 | -758,890 | 145,167,384.96 | 0.0774 | 0.1923 | 12/31/2025 |
| 12 | Invesco Asset Management Ltd. | 1,143,591 | -113,946 | 136,270,303.56 | 0.13 | 0.1805 | 12/31/2025 |
| 13 | Fisher Asset Management LLC | 1,112,284 | 30,093 | 132,539,761.44 | 0.0427 | 0.1756 | 12/31/2025 |
| 14 | Renaissance Technologies LLC | 1,088,688 | -400 | 129,728,062.08 | 0.1962 | 0.1718 | 12/31/2025 |
| 15 | Massachusetts Financial Services Co. | 1,070,883 | -270,484 | 127,606,418.28 | 0.039 | 0.169 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 3,814,946 | 0 | 454,588,965.36 | 0.028 | 0.6021 | 06/30/2025 |
| 2 | Ninety One Glb. Strat. Fd. - Global Franchise Fund | 2,741,458 | 0 | 326,672,135.28 | 3.7936 | 0.4327 | 10/31/2025 |
| 3 | UBS Lux Equity Fund - China Opportunity USD | 2,133,229 | -102,060 | 254,195,567.64 | 7.3763 | 0.3367 | 10/31/2025 |
| 4 | Dodge & Cox International Stock Fund | 2,024,726 | -572,600 | 241,266,350.16 | 0.364 | 0.3196 | 12/31/2025 |
| 5 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 1,578,612 | 0 | 188,107,405.92 | 0.0458 | 0.2492 | 12/31/2024 |
| 6 | SJP Global Quality Fund | 1,517,647 | 0 | 180,842,816.52 | 0.7207 | 0.2395 | 03/31/2025 |
| 7 | Orbis SICAV - Emerging Markets Equity Fund | 1,254,956 | 0 | 149,540,556.96 | 3.8656 | 0.1981 | 06/30/2025 |
| 8 | American Funds Income Fund of America | 1,198,161 | 0 | 142,772,864.76 | 0.1314 | 0.1891 | 12/31/2025 |
| 9 | Invesco Developing Markets Fund | 1,143,591 | -107,275 | 136,270,303.56 | 1.3436 | 0.1805 | 12/31/2025 |
| 10 | Harding Loevner International Equity Portfolio | 1,030,674 | -173,528 | 122,815,113.84 | 0.946 | 0.1627 | 12/31/2025 |
| 11 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 971,835 | 584,567 | 115,803,858.6 | 0.3947 | 0.1534 | 12/31/2025 |
| 12 | Avantis Emerging Markets Equity ETF | 866,140 | 132,585 | 103,209,242.4 | 0.5396 | 0.1367 | 01/30/2026 |
| 13 | UBS Lux Equity SICAV - All China USD | 840,411 | -115,775 | 100,143,374.76 | 7.342 | 0.1326 | 10/31/2025 |
| 14 | MFS Emerging Markets Equity Fund | 825,956 | -89,938 | 98,420,916.96 | 0.9302 | 0.1304 | 12/31/2025 |
| 15 | Caisse de depot et placement du Quebec Fund - Portfolio | 435,691 | 0 | 51,916,939.56 | 0.0152 | 0.0688 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Asset Management (Americas) LLC | 3,984,656 | 3,984,656 | 474,811,608.96 | 0.2962 | 0.6289 | 12/31/2025 |
| 2 | UBS Asset Management Switzerland AG | 3,920,128 | 3,907,728 | 467,122,452.48 | 0.1266 | 0.6187 | 12/31/2025 |
| 3 | Fidelity Management & Research Co. LLC | 1,548,387 | 562,009 | 184,505,794.92 | 0.01 | 0.2444 | 12/31/2025 |
| 4 | Paedagogernes Pension - pensionskassen for paedagoger | 321,279 | 321,279 | 38,283,605.64 | 1.2943 | 0.0507 | 12/31/2025 |
| 5 | Millennium Management LLC | 386,811 | 286,363 | 46,092,398.76 | 0.0325 | 0.0611 | 12/31/2025 |
| 6 | UBS Asset Management (UK) Ltd. | 240,143 | 240,143 | 28,615,439.88 | 0.0108 | 0.0379 | 12/31/2025 |
| 7 | JPMorgan Mansart Management Ltd. | 219,192 | 219,192 | 26,118,918.72 | 0.147 | 0.0346 | 12/31/2025 |
| 8 | Managed Account Advisors LLC | 373,953 | 206,832 | 44,560,239.48 | 0.0065 | 0.059 | 12/31/2025 |
| 9 | American Century Investment Management, Inc. | 927,633 | 179,183 | 110,536,748.28 | 0.0402 | 0.1464 | 12/31/2025 |
| 10 | Dimensional Fund Advisors LP | 743,986 | 174,177 | 88,653,371.76 | 0.0122 | 0.1174 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | HHLR Advisors Ltd. | 0 | -1,663,668 | 0 | 0 | 0 | |
| 2 | Arrowstreet Capital LP | 1,218,256 | -758,890 | 145,167,384.96 | 0.0774 | 0.1923 | 12/31/2025 |
| 3 | Dodge & Cox | 2,154,376 | -591,400 | 256,715,444.16 | 0.0995 | 0.34 | 12/31/2025 |
| 4 | Clark Capital Management Group, Inc. | 0 | -455,232 | 0 | 0 | 0 | |
| 5 | Causeway Capital Management LLC | 0 | -441,494 | 0 | 0 | 0 | |
| 6 | FIAM LLC | 304,724 | -395,799 | 36,310,911.84 | 0.0173 | 0.0481 | 12/31/2025 |
| 7 | Capital Research & Management Co. (International Investors) | 260,368 | -315,615 | 31,025,450.88 | 0.0043 | 0.0411 | 12/31/2025 |
| 8 | Wellington Management Co. LLP | 554,447 | -282,658 | 66,067,904.52 | 0.0105 | 0.0875 | 12/31/2025 |
| 9 | Greenwoods Investments SG Pte Ltd. | 3,212,200 | -273,800 | 382,765,752 | 9.8323 | 0.507 | 12/31/2025 |
| 10 | Massachusetts Financial Services Co. | 1,070,883 | -270,484 | 127,606,418.28 | 0.039 | 0.169 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.