| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | GQG Partners LLC | 173,440,105 | -9,638,787 | 3,451,458,089.5 | 2.551 | 4.661 | 03/31/2026 |
| 2 | Baillie Gifford & Co. | 44,438,548 | 12,350,855 | 884,327,105.2 | 0.53 | 1.1942 | 03/31/2026 |
| 3 | Capital Research & Management Co. (International Investors) | 44,242,564 | 24,030,819 | 880,427,023.6 | 0.1628 | 1.189 | 03/31/2026 |
| 4 | Arrowstreet Capital LP | 28,553,456 | 28,553,456 | 568,213,774.4 | 0.2621 | 0.7673 | 03/31/2026 |
| 5 | Invesco Asset Management Ltd. | 28,182,838 | 10,879,314 | 560,838,476.2 | 0.5399 | 0.7574 | 03/31/2026 |
| 6 | Lazard Asset Management LLC | 25,251,430 | 3,681,587 | 502,503,457 | 0.3991 | 0.6786 | 03/31/2026 |
| 7 | Itau USA Asset Management, Inc. | 20,775,870 | 12,734,325 | 413,439,813 | 6.269 | 0.5583 | 03/31/2026 |
| 8 | ARGA Investment Management LP | 17,680,229 | -1,128,476 | 351,836,557.1 | 1.7555 | 0.4751 | 03/31/2026 |
| 9 | T. Rowe Price Hong Kong Ltd. | 14,511,751 | 8,368,366 | 288,783,844.9 | 1.0364 | 0.39 | 03/31/2026 |
| 10 | Capital Research & Management Co. (World Investors) | 14,102,155 | 14,102,155 | 280,632,884.5 | 0.0255 | 0.379 | 03/31/2026 |
| 11 | BlackRock Fund Advisors | 13,714,639 | 5,475,938 | 272,921,316.1 | 0.0052 | 0.3686 | 03/31/2026 |
| 12 | Schroder Investment Management Ltd. | 12,562,954 | -6,026,605 | 250,002,784.6 | 0.0941 | 0.3376 | 03/31/2026 |
| 13 | Fisher Asset Management LLC | 11,830,951 | -2,464,157 | 235,435,924.9 | 0.0711 | 0.3179 | 03/31/2026 |
| 14 | Mondrian Investment Partners Ltd. | 11,104,808 | 12,187 | 220,985,679.2 | 1.3275 | 0.2984 | 03/31/2026 |
| 15 | Robeco Institutional Asset Management BV | 7,831,368 | 2,007,814 | 155,844,223.2 | 0.1221 | 0.2105 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs GQG Partners International Opportunities Fund | 55,801,405 | -10,654,658 | 1,110,447,959.5 | 1.8969 | 1.4996 | 01/31/2026 |
| 2 | American Funds New World Fund | 30,108,672 | 21,948,739 | 599,162,572.8 | 0.7486 | 0.8091 | 03/31/2026 |
| 3 | GQG Partners Emerging Markets Equity Fund | 28,949,103 | -25,540,049 | 576,087,149.7 | 2.428 | 0.778 | 12/31/2025 |
| 4 | Invesco Developing Markets Fund | 16,078,977 | 3,577,248 | 319,971,642.3 | 3.4662 | 0.4321 | 03/31/2026 |
| 5 | iShares Tr. - Latin America 40 ETF | 13,897,607 | 6,587,602 | 276,562,379.3 | 5.8359 | 0.3735 | 04/30/2026 |
| 6 | American Funds EUPAC Fund | 11,786,946 | 4,553,729 | 234,560,225.4 | 0.1734 | 0.3168 | 03/31/2026 |
| 7 | St. James's Place Unit Trust - Emerging Markets Equity | 7,384,226 | 0 | 146,946,097.4 | 1.0807 | 0.1984 | 09/30/2025 |
| 8 | Lazard Emerging Markets Equity Portfolio | 5,965,900 | 1,041,144 | 118,721,410 | 1.3214 | 0.1603 | 04/30/2026 |
| 9 | Invesco Funds - Emerging Markets Equity Fund | 5,634,410 | 2,813,555 | 112,124,759 | 3.1709 | 0.1514 | 04/30/2026 |
| 10 | American Funds Insurance Series - Growth Fund | 5,608,068 | 5,608,068 | 111,600,553.2 | 0.2064 | 0.1507 | 03/31/2026 |
| 11 | Baillie Gifford Emerging Markets Equities Fund | 5,164,719 | -436,545 | 102,777,908.1 | 1.1394 | 0.1388 | 12/31/2025 |
| 12 | T. Rowe Price Emerging Markets Discovery Stock Fund | 5,084,593 | 2,843,993 | 101,183,400.7 | 1.5363 | 0.1366 | 03/31/2026 |
| 13 | Avantis Emerging Markets Equity ETF | 4,106,568 | 1,202,196 | 81,720,703.2 | 0.3361 | 0.1104 | 04/30/2026 |
| 14 | DWS Invest - Latin American Equities | 3,297,413 | 870,246 | 65,618,518.7 | 2.5001 | 0.0886 | 03/31/2026 |
| 15 | Redwheel Emerging Markets Equity Fund Ltd. | 3,117,409 | 0 | 62,036,439.1 | 1.4893 | 0.0838 | 06/28/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Arrowstreet Capital LP | 28,553,456 | 28,553,456 | 568,213,774.4 | 0.2621 | 0.7673 | 03/31/2026 |
| 2 | Capital Research & Management Co. (International Investors) | 44,242,564 | 24,030,819 | 880,427,023.6 | 0.1628 | 1.189 | 03/31/2026 |
| 3 | Capital Research & Management Co. (World Investors) | 14,102,155 | 14,102,155 | 280,632,884.5 | 0.0255 | 0.379 | 03/31/2026 |
| 4 | Itau USA Asset Management, Inc. | 20,775,870 | 12,734,325 | 413,439,813 | 6.269 | 0.5583 | 03/31/2026 |
| 5 | Baillie Gifford & Co. | 44,438,548 | 12,350,855 | 884,327,105.2 | 0.53 | 1.1942 | 03/31/2026 |
| 6 | Invesco Asset Management Ltd. | 28,182,838 | 10,879,314 | 560,838,476.2 | 0.5399 | 0.7574 | 03/31/2026 |
| 7 | T. Rowe Price Hong Kong Ltd. | 14,511,751 | 8,368,366 | 288,783,844.9 | 1.0364 | 0.39 | 03/31/2026 |
| 8 | Morgan Stanley Latam LLC | 7,658,001 | 7,583,001 | 152,394,219.9 | 11.7856 | 0.2058 | 03/31/2026 |
| 9 | Acadian Asset Management LLC | 7,470,000 | 7,446,326 | 148,653,000 | 0.1609 | 0.2007 | 03/31/2026 |
| 10 | Oaktree Capital Management LP | 6,089,413 | 6,089,413 | 121,179,318.7 | 2.0357 | 0.1636 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 6,712,261 | -12,877,467 | 133,573,993.9 | 0.0067 | 0.1804 | 03/31/2026 |
| 2 | GQG Partners LLC | 173,440,105 | -9,638,787 | 3,451,458,089.5 | 2.551 | 4.661 | 03/31/2026 |
| 3 | Massachusetts Financial Services Co. | 2,999,525 | -7,518,755 | 59,690,547.5 | 0.0188 | 0.0806 | 03/31/2026 |
| 4 | FIAM LLC | 3,626,414 | -7,216,796 | 72,165,638.6 | 0.0301 | 0.0975 | 03/31/2026 |
| 5 | SPX Gestao de Recursos Ltda. | 1,732,842 | -6,184,140 | 34,483,555.8 | 1.2127 | 0.0466 | 03/31/2026 |
| 6 | Schroder Investment Management Ltd. | 12,562,954 | -6,026,605 | 250,002,784.6 | 0.0941 | 0.3376 | 03/31/2026 |
| 7 | Point72 Asset Management LP | 0 | -5,435,053 | 0 | 0 | 0 | |
| 8 | D. E. Shaw & Co. LP | 0 | -4,842,300 | 0 | 0 | 0 | |
| 9 | Marshall Wace LLP | 2,929,986 | -4,416,394 | 58,306,721.4 | 0.0539 | 0.0787 | 03/31/2026 |
| 10 | Schroder Investment Management North America, Inc. | 5,746,443 | -3,834,139 | 114,354,215.7 | 0.64 | 0.1544 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.