| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 821,300 | -498,237 | 49,935,040 | 2.6495 | 1.5058 | 09/30/2025 |
| 2 | Global X Management Co. LLC | 603,127 | 45,653 | 36,670,121.6 | 0.051 | 1.1058 | 06/30/2025 |
| 3 | Helikon Investments Ltd. | 492,578 | 0 | 29,948,742.4 | 0.577 | 0.9031 | 06/30/2025 |
| 4 | Millennium Management LLC | 359,769 | 197,248 | 21,873,955.2 | 0.018 | 0.6596 | 06/30/2025 |
| 5 | Itau USA Asset Management, Inc. | 304,174 | 90,500 | 18,493,779.2 | 0.3927 | 0.5577 | 06/30/2025 |
| 6 | VR Advisory Services (USA) LLC | 272,013 | 0 | 16,538,390.4 | 4.7424 | 0.4987 | 06/30/2025 |
| 7 | JPMorgan Asset Management (Canada) Inc. | 137,149 | -1,433 | 8,338,659.2 | 0.087 | 0.2515 | 06/30/2025 |
| 8 | Voloridge Investment Management LLC | 118,614 | -47,801 | 7,211,731.2 | 0.025 | 0.2175 | 06/30/2025 |
| 9 | Balyasny Asset Management LP | 103,216 | 10,703 | 6,275,532.8 | 0.0134 | 0.1892 | 06/30/2025 |
| 10 | JPMorgan Investment Management, Inc. | 99,688 | -28,228 | 6,061,030.4 | 0.0006 | 0.1828 | 06/30/2025 |
| 11 | Banco BTG Pactual SA (Investment Management) | 93,583 | 77,083 | 5,689,846.4 | 0.3062 | 0.1716 | 06/30/2025 |
| 12 | William Blair Investment Management LLC | 89,640 | 5,450 | 5,450,112 | 0.0115 | 0.1644 | 06/30/2025 |
| 13 | Ping Capital Management, Inc. | 76,200 | 32,633 | 4,632,960 | 2.9898 | 0.1397 | 06/30/2025 |
| 14 | Ayalon Mutual Funds Ltd. | 74,288 | 7,693 | 4,516,710.4 | 0.3002 | 0.1362 | 07/31/2025 |
| 15 | Glenorchy Capital Ltd. | 70,039 | -1,496 | 4,258,371.2 | 2.9329 | 0.1284 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 455,806 | -101,668 | 27,713,004.8 | 4.5218 | 0.8357 | 09/30/2025 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 253,809 | -50,458 | 15,431,587.2 | 1.7652 | 0.4654 | 05/31/2025 |
| 3 | TT International Funds Plc - Emerging Markets Equity Fund | 72,426 | -7,502 | 4,403,500.8 | 1.8421 | 0.1328 | 05/31/2025 |
| 4 | Eaton Vance Emerging & Frontier Countries Equity Fund | 61,669 | 7,300 | 3,749,475.2 | 0.1702 | 0.1131 | 07/31/2025 |
| 5 | Eaton Vance Global Macro Capital Opportunities Portfolio | 61,669 | 61,669 | 3,749,475.2 | 0.1701 | 0.1131 | 07/31/2025 |
| 6 | Ayalon Zvulun 4D Global Stocks | 48,835 | 6,625 | 2,969,168 | 7.474 | 0.0895 | 07/31/2025 |
| 7 | LGT Select Funds - Equity Emerging Markets | 35,031 | 35,031 | 2,129,884.8 | 0.4919 | 0.0642 | 05/31/2025 |
| 8 | AZ Equity - Emerging Latin America | 27,886 | 0 | 1,695,468.8 | 4.6148 | 0.0511 | 12/30/2024 |
| 9 | Avantage Fund, FI | 26,888 | 26,888 | 1,634,790.4 | 1.327 | 0.0493 | 06/30/2025 |
| 10 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 24,385 | 0 | 1,482,608 | 5.3399 | 0.0447 | 07/31/2025 |
| 11 | Driehaus Mutual Funds - Emerging Markets Small Cap Growth Fund | 21,253 | 3,156 | 1,292,182.4 | 0.9206 | 0.039 | 07/31/2025 |
| 12 | ART Global Macro | 16,000 | 4,000 | 972,800 | 0.7037 | 0.0293 | 04/30/2025 |
| 13 | Yorktown Growth Fund | 12,900 | 0 | 784,320 | 0.8175 | 0.0237 | 08/31/2025 |
| 14 | Federated Core Tr. II - Emerging Mrkts. Fixed Income Core Fd. | 8,154 | 8,154 | 495,763.2 | 2.2324 | 0.015 | 06/30/2025 |
| 15 | Federated Hermes Emerging Markets Core Fund | 8,154 | 8,154 | 495,763.2 | 2.851 | 0.015 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Millennium Management LLC | 359,769 | 197,248 | 21,873,955.2 | 0.018 | 0.6596 | 06/30/2025 |
| 2 | Itau USA Asset Management, Inc. | 304,174 | 90,500 | 18,493,779.2 | 0.3927 | 0.5577 | 06/30/2025 |
| 3 | Banco BTG Pactual SA (Investment Management) | 93,583 | 77,083 | 5,689,846.4 | 0.3062 | 0.1716 | 06/30/2025 |
| 4 | Global X Management Co. LLC | 603,127 | 45,653 | 36,670,121.6 | 0.051 | 1.1058 | 06/30/2025 |
| 5 | Absolute Gestao de Investimentos Ltda. | 41,547 | 41,547 | 2,526,057.6 | 0.2538 | 0.0762 | 06/30/2025 |
| 6 | Brevan Howard Asset Management LLP | 38,803 | 38,803 | 2,359,222.4 | 0.0249 | 0.0711 | 06/30/2025 |
| 7 | Ping Capital Management, Inc. | 76,200 | 32,633 | 4,632,960 | 2.9898 | 0.1397 | 06/30/2025 |
| 8 | Renta 4 Gestora SGIIC SA | 26,888 | 26,888 | 1,634,790.4 | 0.1155 | 0.0493 | 06/30/2025 |
| 9 | Marex Capital Markets, Inc. | 20,885 | 20,885 | 1,269,808 | 0.0409 | 0.0383 | 06/30/2025 |
| 10 | Verition Fund Management LLC | 19,036 | 19,036 | 1,157,388.8 | 0.0059 | 0.0349 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 821,300 | -498,237 | 49,935,040 | 2.6495 | 1.5058 | 09/30/2025 |
| 2 | Alberta Investment Management Corp. | 0 | -80,131 | 0 | 0 | 0 | |
| 3 | NexPoint Asset Management LP | 0 | -67,700 | 0 | 0 | 0 | |
| 4 | BNP Paribas Financial Markets | 12,382 | -59,195 | 752,825.6 | 0.0005 | 0.0227 | 06/30/2025 |
| 5 | Point72 Asset Management LP | 22,200 | -58,284 | 1,349,760 | 0.0025 | 0.0407 | 06/30/2025 |
| 6 | Two Sigma Investments LP | 0 | -57,126 | 0 | 0 | 0 | |
| 7 | EAM Global Investors LLC | 0 | -50,255 | 0 | 0 | 0 | |
| 8 | Voloridge Investment Management LLC | 118,614 | -47,801 | 7,211,731.2 | 0.025 | 0.2175 | 06/30/2025 |
| 9 | Seldon Capital LP | 0 | -45,309 | 0 | 0 | 0 | |
| 10 | JPMorgan Investment Management, Inc. | 99,688 | -28,228 | 6,061,030.4 | 0.0006 | 0.1828 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.