| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 14,916,907 | -1,500,860 | 292,818,884.41 | 0.2396 | 1.5058 | 06/30/2025 |
| 2 | Harding Loevner LP | 5,015,102 | 805,183 | 98,446,452.26 | 0.3429 | 0.5063 | 06/30/2025 |
| 3 | Allspring Global Investments LLC | 3,947,462 | -572,868 | 77,488,679.06 | 0.0977 | 0.3985 | 06/30/2025 |
| 4 | Renaissance Technologies LLC | 3,841,814 | 75,400 | 75,414,808.82 | 0.0924 | 0.3878 | 06/30/2025 |
| 5 | Invesco Capital Management LLC | 1,945,066 | 1,945,066 | 38,181,645.58 | 0.0099 | 0.1963 | 06/30/2025 |
| 6 | Envestnet Asset Management, Inc. | 881,081 | 140,070 | 17,295,620.03 | 0.0048 | 0.0889 | 06/30/2025 |
| 7 | Parametric Portfolio Associates LLC | 853,923 | 208,751 | 16,762,508.49 | 0.0046 | 0.0862 | 06/30/2025 |
| 8 | Northern Trust Investments, Inc.(Investment Management) | 848,540 | 433,679 | 16,656,840.2 | 0.0024 | 0.0857 | 06/30/2025 |
| 9 | American Century Investment Management, Inc. | 812,837 | 230,848 | 15,955,990.31 | 0.0063 | 0.0821 | 06/30/2025 |
| 10 | Aperio Group LLC | 791,453 | 22,012 | 15,536,222.39 | 0.0126 | 0.0799 | 06/30/2025 |
| 11 | Arrowstreet Capital LP | 714,291 | 714,291 | 14,021,532.33 | 0.009 | 0.0721 | 06/30/2025 |
| 12 | Dimensional Fund Advisors LP | 582,936 | 21,735 | 11,443,033.68 | 0.0018 | 0.0588 | 06/30/2025 |
| 13 | Northcape Capital Pty Ltd. | 446,173 | -83,692 | 8,758,375.99 | 0.7186 | 0.045 | 06/30/2025 |
| 14 | Millennium Management LLC | 381,548 | 315,241 | 7,489,787.24 | 0.0062 | 0.0385 | 06/30/2025 |
| 15 | Euro Pacific Asset Management LLC (Puerto Rico) | 367,958 | 367,958 | 7,223,015.54 | 0.6449 | 0.0371 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Emerging Markets Equity Portfolio | 3,449,826 | 807,835 | 67,720,084.38 | 1.31 | 0.3482 | 07/31/2025 |
| 2 | St. James's Place Unit Trust - Emerging Markets Equity | 2,808,207 | 0 | 55,125,103.41 | 0.5159 | 0.2835 | 03/31/2025 |
| 3 | Invesco International Dividend Achievers ETF | 1,929,780 | 1,929,780 | 37,881,581.4 | 4.3581 | 0.1948 | 08/29/2025 |
| 4 | Allspring Emerging Markets Equity Fund | 1,317,471 | -60,000 | 25,861,955.73 | 0.6407 | 0.133 | 07/31/2025 |
| 5 | Lazard Investment Funds - Emerging Markets Fund | 922,211 | 0 | 18,103,001.93 | 1.3053 | 0.0931 | 11/29/2024 |
| 6 | Avantis Emerging Markets Equity ETF | 664,284 | 193,740 | 13,039,894.92 | 0.1022 | 0.0671 | 08/29/2025 |
| 7 | DFA Emerging Markets Core Equity 2 Portfolio | 365,576 | 0 | 7,176,256.88 | 0.0214 | 0.0369 | 06/30/2025 |
| 8 | Allspring Emerging Markets Equity CIT | 358,800 | 0 | 7,043,244 | 0.6972 | 0.0362 | 07/31/2025 |
| 9 | State Board of Administration of Florida Retirement System | 353,818 | -60,000 | 6,945,447.34 | 0.0062 | 0.0357 | 06/30/2025 |
| 10 | EQ/Lazard Emerging Markets Equity Portfolio | 343,671 | -9,551 | 6,746,261.73 | 1.2815 | 0.0347 | 06/30/2025 |
| 11 | Allspring (Lux) Ww. Fd. - Emerging Markets Equity Fund | 328,589 | -17,000 | 6,450,202.07 | 2.1741 | 0.0332 | 07/31/2025 |
| 12 | Lazard Emerging Markets CIT | 270,249 | 0 | 5,304,987.87 | 1.3034 | 0.0273 | 12/31/2024 |
| 13 | Lazard Retirement Emerging Markets Equity Portfolio | 261,696 | 21,527 | 5,137,092.48 | 1.4008 | 0.0264 | 07/31/2025 |
| 14 | Lazard Glb. Active Fds. Plc - Emerging Markets Equity Fund | 175,584 | 0 | 3,446,713.92 | 1.3413 | 0.0177 | 11/29/2024 |
| 15 | Quantified Global Fund | 141,310 | 141,310 | 2,773,915.3 | 3.3015 | 0.0143 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco Capital Management LLC | 1,945,066 | 1,945,066 | 38,181,645.58 | 0.0099 | 0.1963 | 06/30/2025 |
| 2 | Harding Loevner LP | 5,015,102 | 805,183 | 98,446,452.26 | 0.3429 | 0.5063 | 06/30/2025 |
| 3 | Arrowstreet Capital LP | 714,291 | 714,291 | 14,021,532.33 | 0.009 | 0.0721 | 06/30/2025 |
| 4 | Northern Trust Investments, Inc.(Investment Management) | 848,540 | 433,679 | 16,656,840.2 | 0.0024 | 0.0857 | 06/30/2025 |
| 5 | Euro Pacific Asset Management LLC (Puerto Rico) | 367,958 | 367,958 | 7,223,015.54 | 0.6449 | 0.0371 | 06/30/2025 |
| 6 | Ramirez Asset Management, Inc. | 351,350 | 351,350 | 6,897,000.5 | 0.9776 | 0.0355 | 06/30/2025 |
| 7 | Millennium Management LLC | 381,548 | 315,241 | 7,489,787.24 | 0.0062 | 0.0385 | 06/30/2025 |
| 8 | American Century Investment Management, Inc. | 812,837 | 230,848 | 15,955,990.31 | 0.0063 | 0.0821 | 06/30/2025 |
| 9 | Parametric Portfolio Associates LLC | 853,923 | 208,751 | 16,762,508.49 | 0.0046 | 0.0862 | 06/30/2025 |
| 10 | Metzler Asset Management GmbH | 205,609 | 205,609 | 4,036,104.67 | 0.0287 | 0.0208 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 14,916,907 | -1,500,860 | 292,818,884.41 | 0.2396 | 1.5058 | 06/30/2025 |
| 2 | Citadel Securities LLC | 82,495 | -922,542 | 1,619,376.85 | 0.0049 | 0.0083 | 06/30/2025 |
| 3 | Morgan Stanley & Co. LLC | 34,162 | -636,902 | 670,600.06 | 0.0002 | 0.0034 | 06/30/2025 |
| 4 | Allspring Global Investments LLC | 3,947,462 | -572,868 | 77,488,679.06 | 0.0977 | 0.3985 | 06/30/2025 |
| 5 | Natixis Advisors LLC | 84,014 | -241,675 | 1,649,194.82 | 0.0025 | 0.0085 | 06/30/2025 |
| 6 | Managed Account Advisors LLC | 52,221 | -237,330 | 1,025,098.23 | 0.0002 | 0.0053 | 06/30/2025 |
| 7 | Oldfield Partners LLP | 0 | -155,545 | 0 | 0 | 0 | |
| 8 | Norges Bank Investment Management | 0 | -138,000 | 0 | 0 | 0 | |
| 9 | Manning & Napier Advisors LLC | 0 | -114,552 | 0 | 0 | 0 | |
| 10 | BG Fund Management Luxembourg SA | 0 | -93,242 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.