| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 821,300 | -281,107 | 72,101,927 | 3.4731 | 1.5058 | 09/30/2025 |
| 2 | Helikon Investments Ltd. | 698,775 | 206,197 | 61,345,457.25 | 1.0819 | 1.2812 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 455,806 | -147,321 | 40,015,208.74 | 0.0486 | 0.8357 | 09/30/2025 |
| 4 | Millennium Management LLC | 313,768 | -46,001 | 27,545,692.72 | 0.0211 | 0.5753 | 09/30/2025 |
| 5 | VR Advisory Services (USA) LLC | 272,013 | 0 | 23,880,021.27 | 4.7097 | 0.4987 | 09/30/2025 |
| 6 | Ping Capital Management, Inc. | 242,000 | 165,800 | 21,245,180 | 8.9755 | 0.4437 | 09/30/2025 |
| 7 | Balyasny Asset Management LP | 174,078 | 70,862 | 15,282,307.62 | 0.0301 | 0.3192 | 09/30/2025 |
| 8 | JPMorgan Asset Management (Canada) Inc. | 137,149 | 0 | 12,040,310.71 | 0.1314 | 0.2515 | 09/30/2025 |
| 9 | Boston Management & Research | 105,946 | 44,277 | 9,300,999.34 | 0.0155 | 0.1943 | 09/30/2025 |
| 10 | Absolute Gestao de Investimentos Ltda. | 104,586 | 63,039 | 9,181,604.94 | 0.6963 | 0.1918 | 09/30/2025 |
| 11 | Voloridge Investment Management LLC | 101,743 | -16,871 | 8,932,017.97 | 0.029 | 0.1865 | 09/30/2025 |
| 12 | Brevan Howard Asset Management LLP | 101,553 | 62,750 | 8,915,337.87 | 0.1321 | 0.1862 | 09/30/2025 |
| 13 | JPMorgan Investment Management, Inc. | 90,715 | -8,973 | 7,963,869.85 | 0.0008 | 0.1663 | 09/30/2025 |
| 14 | Banco BTG Pactual SA (Investment Management) | 84,967 | -8,616 | 7,459,252.93 | 0.2753 | 0.1558 | 09/30/2025 |
| 15 | Ayalon Mutual Funds Ltd. | 71,643 | -2,409 | 6,289,538.97 | 0.3493 | 0.1314 | 10/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 379,981 | -223,146 | 33,358,531.99 | 4.2767 | 0.6967 | 12/31/2025 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 253,809 | 0 | 22,281,892.11 | 2.2454 | 0.4654 | 05/31/2025 |
| 3 | Eaton Vance Emerging & Frontier Countries Equity Fund | 93,364 | 31,695 | 8,196,425.56 | 0.2961 | 0.1712 | 10/31/2025 |
| 4 | Eaton Vance Global Macro Capital Opportunities Portfolio | 93,364 | 38,495 | 8,196,425.56 | 0.2959 | 0.1712 | 10/31/2025 |
| 5 | TT International Funds Plc - Emerging Markets Equity Fund | 72,426 | 0 | 6,358,278.54 | 2.3239 | 0.1328 | 05/31/2025 |
| 6 | Ayalon Zvulun 4D Global Stocks | 47,520 | -1,690 | 4,171,780.8 | 7.1985 | 0.0871 | 10/30/2025 |
| 7 | LGT Select Funds - Equity Emerging Markets | 35,031 | 0 | 3,075,371.49 | 0.6517 | 0.0642 | 05/31/2025 |
| 8 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 29,800 | 29,800 | 2,616,142 | 1.0962 | 0.0546 | 10/31/2025 |
| 9 | AZ Equity - Emerging Latin America | 27,886 | 0 | 2,448,111.94 | 5.9532 | 0.0511 | 12/30/2024 |
| 10 | Avantage Fund, FI | 26,888 | 0 | 2,360,497.52 | 1.8949 | 0.0493 | 06/30/2025 |
| 11 | JPMorgan Funds - Latin America Equity Fund | 24,640 | 18,015 | 2,163,145.6 | 0.4763 | 0.0452 | 11/30/2025 |
| 12 | Driehaus Mutual Funds - Emerging Markets Small Cap Growth Fund | 21,253 | 0 | 1,865,800.87 | 1.3142 | 0.039 | 10/31/2025 |
| 13 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 20,705 | -3,680 | 1,817,691.95 | 4.7651 | 0.038 | 10/30/2025 |
| 14 | ART Global Macro | 16,000 | 0 | 1,404,640 | 0.9541 | 0.0293 | 04/30/2025 |
| 15 | Eaton Vance Global Macro Portfolio | 7,800 | 7,800 | 684,762 | 0.0979 | 0.0143 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 698,775 | 206,197 | 61,345,457.25 | 1.0819 | 1.2812 | 09/30/2025 |
| 2 | Ping Capital Management, Inc. | 242,000 | 165,800 | 21,245,180 | 8.9755 | 0.4437 | 09/30/2025 |
| 3 | Balyasny Asset Management LP | 174,078 | 70,862 | 15,282,307.62 | 0.0301 | 0.3192 | 09/30/2025 |
| 4 | Absolute Gestao de Investimentos Ltda. | 104,586 | 63,039 | 9,181,604.94 | 0.6963 | 0.1918 | 09/30/2025 |
| 5 | Brevan Howard Asset Management LLP | 101,553 | 62,750 | 8,915,337.87 | 0.1321 | 0.1862 | 09/30/2025 |
| 6 | Moneda SA Administradora General de Fondos | 49,911 | 49,911 | 4,381,686.69 | 0.3733 | 0.0915 | 09/30/2025 |
| 7 | Boston Management & Research | 105,946 | 44,277 | 9,300,999.34 | 0.0155 | 0.1943 | 09/30/2025 |
| 8 | Jane Street Capital LLC | 61,171 | 43,506 | 5,370,202.09 | 0.006 | 0.1122 | 09/30/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 34,202 | 23,026 | 3,002,593.58 | 0.0013 | 0.0627 | 09/30/2025 |
| 10 | UBS Securities LLC | 30,647 | 16,190 | 2,690,500.13 | 0.0011 | 0.0562 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TT International Asset Management Ltd. | 821,300 | -281,107 | 72,101,927 | 3.4731 | 1.5058 | 09/30/2025 |
| 2 | Itau USA Asset Management, Inc. | 46,329 | -257,845 | 4,067,222.91 | 0.0846 | 0.0849 | 09/30/2025 |
| 3 | Global X Management Co. LLC | 455,806 | -147,321 | 40,015,208.74 | 0.0486 | 0.8357 | 09/30/2025 |
| 4 | William Blair Investment Management LLC | 0 | -89,640 | 0 | 0 | 0 | |
| 5 | Cubist Systematic Strategies LLC | 0 | -58,577 | 0 | 0 | 0 | |
| 6 | Marshall Wace LLP | 0 | -57,153 | 0 | 0 | 0 | |
| 7 | JPMorgan Securities LLC (Investment Management) | 175 | -46,316 | 15,363.25 | 0 | 0.0003 | 09/30/2025 |
| 8 | Millennium Management LLC | 313,768 | -46,001 | 27,545,692.72 | 0.0211 | 0.5753 | 09/30/2025 |
| 9 | Whittier Trust Co. | 0 | -33,919 | 0 | 0 | 0 | |
| 10 | Envestnet Asset Management, Inc. | 0 | -30,306 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.