| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Robeco Institutional Asset Management BV | 27,254,874 | 4,890,945 | 385,656,467.1 | 0.3353 | 1.0008 | 12/31/2025 |
| 2 | JPMorgan Investment Management, Inc. | 18,007,116 | 2,915,958 | 254,800,691.4 | 0.0248 | 0.6612 | 12/31/2025 |
| 3 | Massachusetts Financial Services Co. | 13,411,339 | -176,947 | 189,770,446.85 | 0.0582 | 0.4925 | 12/31/2025 |
| 4 | BlackRock Fund Advisors | 12,176,857 | 3,105,462 | 172,302,526.55 | 0.0036 | 0.4471 | 12/31/2025 |
| 5 | Itau USA Asset Management, Inc. | 9,218,618 | 3,134,474 | 130,443,444.7 | 2.013 | 0.3385 | 12/31/2025 |
| 6 | JPMorgan Asset Management (UK) Ltd. | 8,904,788 | 2,563,145 | 126,002,750.2 | 0.0732 | 0.327 | 12/31/2025 |
| 7 | Dimensional Fund Advisors LP | 6,576,824 | 1,194,152 | 93,062,059.6 | 0.0128 | 0.2415 | 12/31/2025 |
| 8 | Nomura Investment Management Business Trust | 6,185,509 | 0 | 87,524,952.35 | 0.0828 | 0.2271 | 09/30/2025 |
| 9 | Amundi SGR SpA | 5,946,064 | 0 | 84,136,805.6 | 0.7335 | 0.2183 | 09/30/2025 |
| 10 | Brandes Investment Partners LP | 5,492,474 | 981,955 | 77,718,507.1 | 0.2955 | 0.2017 | 12/31/2025 |
| 11 | Fidelity Management & Research Co. LLC | 5,091,264 | 22,539 | 72,041,385.6 | 0.0038 | 0.187 | 09/30/2025 |
| 12 | SSgA Funds Management, Inc. | 5,003,803 | -328,361 | 70,803,812.45 | 0.0022 | 0.1837 | 12/31/2025 |
| 13 | Renaissance Technologies LLC | 4,485,600 | -2,400 | 63,471,240 | 0.0962 | 0.1647 | 12/31/2025 |
| 14 | American Century Investment Management, Inc. | 4,301,442 | 953,958 | 60,865,404.3 | 0.0221 | 0.158 | 12/31/2025 |
| 15 | Ranmore Fund Management Ltd. | 3,980,000 | 1,956,000 | 56,317,000 | 2.9886 | 0.1461 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares Tr. - Latin America 40 ETF | 13,568,706 | 5,751,400 | 191,997,189.9 | 4.6774 | 0.4983 | 01/30/2026 |
| 2 | MFS International Intrinsic Value Fund | 7,821,289 | -129,009 | 110,671,239.35 | 0.4288 | 0.2872 | 12/31/2025 |
| 3 | JPMorgan Emerging Markets Equity Fund | 7,795,175 | 67,020 | 110,301,726.25 | 1.0291 | 0.2862 | 12/31/2025 |
| 4 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 6,198,978 | 1,264,346 | 87,715,538.7 | 2.099 | 0.2276 | 12/31/2025 |
| 5 | Macquarie Emerging Markets Fund | 5,900,000 | 0 | 83,485,000 | 0.7794 | 0.2167 | 12/31/2025 |
| 6 | Avantis Emerging Markets Equity ETF | 4,335,926 | 1,114,717 | 61,353,352.9 | 0.3199 | 0.1592 | 01/30/2026 |
| 7 | JPMorgan Funds - Emerging Markets Equity Fund | 3,965,529 | -129,136 | 56,112,235.35 | 1.1389 | 0.1456 | 12/31/2025 |
| 8 | Ranmore Global Equity Fund Plc | 3,380,000 | 1,180,000 | 47,827,000 | 2.4363 | 0.1241 | 10/31/2025 |
| 9 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 3,312,400 | -1,014,000 | 46,870,460 | 0.1599 | 0.1216 | 12/31/2025 |
| 10 | MFS Emerging Markets Equity Fund | 3,057,524 | -167,144 | 43,263,964.6 | 0.408 | 0.1123 | 12/31/2025 |
| 11 | JPMorgan Fund ICVC - Emerging Markets Fund | 3,018,825 | -208,660 | 42,716,373.75 | 1.1403 | 0.1109 | 12/31/2025 |
| 12 | DFA Dimensional Emerging Markets Value Fund | 2,874,100 | 20,604 | 40,668,515 | 0.2722 | 0.1055 | 11/30/2025 |
| 13 | State Street SPDR Portfolio Emerging Markets ETF | 2,843,264 | -321,700 | 40,232,185.6 | 0.2369 | 0.1044 | 01/30/2026 |
| 14 | JPMorgan Funds - Latin America Equity Fund | 2,581,947 | -88,116 | 36,534,550.05 | 7.0056 | 0.0948 | 11/30/2025 |
| 15 | Robeco Capital Gr. Fds. - QI Emerging Markets Active Equities | 2,567,228 | 902,005 | 36,326,276.2 | 0.5631 | 0.0943 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Robeco Institutional Asset Management BV | 27,254,874 | 4,890,945 | 385,656,467.1 | 0.3353 | 1.0008 | 12/31/2025 |
| 2 | Itau USA Asset Management, Inc. | 9,218,618 | 3,134,474 | 130,443,444.7 | 2.013 | 0.3385 | 12/31/2025 |
| 3 | BlackRock Fund Advisors | 12,176,857 | 3,105,462 | 172,302,526.55 | 0.0036 | 0.4471 | 12/31/2025 |
| 4 | JPMorgan Investment Management, Inc. | 18,007,116 | 2,915,958 | 254,800,691.4 | 0.0248 | 0.6612 | 12/31/2025 |
| 5 | JPMorgan Asset Management (UK) Ltd. | 8,904,788 | 2,563,145 | 126,002,750.2 | 0.0732 | 0.327 | 12/31/2025 |
| 6 | Ranmore Fund Management Ltd. | 3,980,000 | 1,956,000 | 56,317,000 | 2.9886 | 0.1461 | 12/31/2025 |
| 7 | JPMorgan Asset Management (Canada) Inc. | 2,777,410 | 1,520,683 | 39,300,351.5 | 0.4323 | 0.102 | 12/31/2025 |
| 8 | Invesco Asset Management Ltd. | 2,546,223 | 1,392,623 | 36,029,055.45 | 0.0347 | 0.0935 | 09/30/2025 |
| 9 | Packer & Co. Ltd. | 3,948,602 | 1,285,502 | 55,872,718.3 | 12.5658 | 0.145 | 12/31/2025 |
| 10 | Dimensional Fund Advisors LP | 6,576,824 | 1,194,152 | 93,062,059.6 | 0.0128 | 0.2415 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs International | 64,237 | -5,637,655 | 908,953.55 | 0.0084 | 0.0024 | 12/31/2025 |
| 2 | Baillie Gifford & Co. | 3,768,768 | -2,762,173 | 53,328,067.2 | 0.0316 | 0.1384 | 12/31/2025 |
| 3 | Optiver US LLC | 0 | -1,759,374 | 0 | 0 | 0 | |
| 4 | Millennium Management LLC | 273,560 | -1,169,340 | 3,870,874 | 0.0029 | 0.01 | 09/30/2025 |
| 5 | Marshall Wace LLP | 70,490 | -819,876 | 997,433.5 | 0.0009 | 0.0026 | 12/31/2025 |
| 6 | Schroder & Co. Ltd. | 0 | -680,765 | 0 | 0 | 0 | |
| 7 | SPX Gestao de Recursos Ltda. | 1,173,051 | -551,324 | 16,598,671.65 | 0.5721 | 0.0431 | 12/31/2025 |
| 8 | The Vanguard Group, Inc. | 2,473,285 | -539,073 | 34,996,982.75 | 0.0005 | 0.0908 | 12/31/2025 |
| 9 | Oldfield Partners LLP | 90,542 | -411,635 | 1,281,169.3 | 0.1349 | 0.0033 | 12/31/2025 |
| 10 | Morgan Stanley Latam LLC | 895 | -337,735 | 12,664.25 | 0.0026 | 0 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.