| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Aperio Group LLC | 1,911,999 | 384,250 | 16,710,871.26 | 0.012 | 0.2968 | 12/31/2025 |
| 2 | American Century Investment Management, Inc. | 1,341,886 | 451,384 | 11,728,083.64 | 0.0042 | 0.2083 | 12/31/2025 |
| 3 | D. E. Shaw & Co. LP | 1,263,500 | 1,060,644 | 11,042,990 | 0.0083 | 0.1961 | 12/31/2025 |
| 4 | Connor, Clark & Lunn Investment Management Ltd. | 1,260,684 | 493,372 | 11,018,378.16 | 0.0247 | 0.1957 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 1,215,710 | -584,485 | 10,625,305.4 | 0.0037 | 0.1887 | 12/31/2025 |
| 6 | Voleon Capital Management LP | 1,087,355 | 1,087,355 | 9,503,482.7 | 0.2028 | 0.1688 | 12/31/2025 |
| 7 | Parametric Portfolio Associates LLC | 1,046,857 | -18,672 | 9,149,530.18 | 0.0023 | 0.1625 | 12/31/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 1,042,426 | 204,235 | 9,110,803.24 | 0.004 | 0.1618 | 12/31/2025 |
| 9 | Two Sigma Investments LP | 962,444 | -42,145 | 8,411,760.56 | 0.0122 | 0.1494 | 12/31/2025 |
| 10 | Arrowstreet Capital LP | 772,214 | 772,214 | 6,749,150.36 | 0.0036 | 0.1199 | 12/31/2025 |
| 11 | Dimensional Fund Advisors LP | 642,251 | -44,541 | 5,613,273.74 | 0.0008 | 0.0997 | 12/31/2025 |
| 12 | JPMorgan Securities LLC (Investment Management) | 607,332 | 549,318 | 5,308,081.68 | 0.0035 | 0.0943 | 12/31/2025 |
| 13 | Renaissance Technologies LLC | 583,900 | 190,100 | 5,103,286 | 0.0077 | 0.0906 | 12/31/2025 |
| 14 | Point72 Asset Management LP | 516,433 | 3,933 | 4,513,624.42 | 0.0067 | 0.0802 | 12/31/2025 |
| 15 | UBS Securities LLC | 509,137 | 232,210 | 4,449,857.38 | 0.0018 | 0.079 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avantis Emerging Markets Equity ETF | 1,148,808 | 368,642 | 10,040,581.92 | 0.052 | 0.1783 | 01/30/2026 |
| 2 | DFA Emerging Markets Core Equity 2 Portfolio | 508,321 | 0 | 4,442,725.54 | 0.0116 | 0.0789 | 11/30/2025 |
| 3 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 142,238 | 142,238 | 1,243,160.12 | 0.0644 | 0.0221 | 01/30/2026 |
| 4 | Avantis Emerging Markets Value ETF | 141,916 | 39,164 | 1,240,345.84 | 0.1032 | 0.022 | 01/30/2026 |
| 5 | Avantis Emerging Markets Equity Fund | 122,979 | 96,345 | 1,074,836.46 | 0.1236 | 0.0191 | 12/31/2025 |
| 6 | ActivePassive International Equity ETF | 97,216 | 47,936 | 849,667.84 | 0.0829 | 0.0151 | 01/30/2026 |
| 7 | ART Global Macro | 70,000 | 0 | 611,800 | 0.4093 | 0.0109 | 04/30/2025 |
| 8 | VanEck Africa Index ETF | 65,031 | 34,105 | 568,370.94 | 0.3869 | 0.0101 | 01/30/2026 |
| 9 | DFA Emerging Markets Series | 54,961 | -27,227 | 480,359.14 | 0.0063 | 0.0085 | 11/30/2025 |
| 10 | Avantis Emerging Markets ex-China Equity ETF | 42,227 | 22,336 | 369,063.98 | 0.1412 | 0.0066 | 01/30/2026 |
| 11 | Dimensional Funds ICVC - Emerging Markets Core Equity Fund | 18,029 | 0 | 157,573.46 | 0.0051 | 0.0028 | 11/30/2025 |
| 12 | Dimensional Funds Plc - Emerging Markets Large Cap Core Equity | 18,001 | -44 | 157,328.74 | 0.0112 | 0.0028 | 11/30/2025 |
| 13 | Quantified Global Fund | 17,524 | 17,524 | 153,159.76 | 1.1004 | 0.0027 | 12/31/2025 |
| 14 | DFA International Core Equity Fund | 16,627 | 0 | 145,319.98 | 0.0041 | 0.0026 | 06/30/2025 |
| 15 | National Security Emerging Markets Index ETF | 13,988 | -10,212 | 122,255.12 | 0.3226 | 0.0022 | 01/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Voleon Capital Management LP | 1,087,355 | 1,087,355 | 9,503,482.7 | 0.2028 | 0.1688 | 12/31/2025 |
| 2 | D. E. Shaw & Co. LP | 1,263,500 | 1,060,644 | 11,042,990 | 0.0083 | 0.1961 | 12/31/2025 |
| 3 | Arrowstreet Capital LP | 772,214 | 772,214 | 6,749,150.36 | 0.0036 | 0.1199 | 12/31/2025 |
| 4 | JPMorgan Securities LLC (Investment Management) | 607,332 | 549,318 | 5,308,081.68 | 0.0035 | 0.0943 | 12/31/2025 |
| 5 | Connor, Clark & Lunn Investment Management Ltd. | 1,260,684 | 493,372 | 11,018,378.16 | 0.0247 | 0.1957 | 12/31/2025 |
| 6 | American Century Investment Management, Inc. | 1,341,886 | 451,384 | 11,728,083.64 | 0.0042 | 0.2083 | 12/31/2025 |
| 7 | Citadel Securities LLC | 505,340 | 419,563 | 4,416,671.6 | 0.0091 | 0.0784 | 12/31/2025 |
| 8 | Aperio Group LLC | 1,911,999 | 384,250 | 16,710,871.26 | 0.012 | 0.2968 | 12/31/2025 |
| 9 | Barclays Bank Plc (Private Banking) | 279,053 | 279,053 | 2,438,923.22 | 0.0013 | 0.0433 | 12/31/2025 |
| 10 | UBS Securities LLC | 509,137 | 232,210 | 4,449,857.38 | 0.0018 | 0.079 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. LLC | 1,215,710 | -584,485 | 10,625,305.4 | 0.0037 | 0.1887 | 12/31/2025 |
| 2 | Two Sigma Advisers LP | 476,900 | -455,900 | 4,168,106 | 0.0079 | 0.074 | 12/31/2025 |
| 3 | BlackRock Fund Advisors | 0 | -434,282 | 0 | 0 | 0 | |
| 4 | Leap Investments LP | 0 | -386,400 | 0 | 0 | 0 | |
| 5 | Cubist Systematic Strategies LLC | 0 | -285,377 | 0 | 0 | 0 | |
| 6 | Jane Street Capital LLC | 64,626 | -217,096 | 564,831.24 | 0.0006 | 0.01 | 12/31/2025 |
| 7 | FNY Investment Advisers LLC | 0 | -203,310 | 0 | 0 | 0 | |
| 8 | ABC Arbitrage Asset Management SA | 0 | -188,436 | 0 | 0 | 0 | |
| 9 | BofA Securities, Inc. | 2,553 | -141,863 | 22,313.22 | 0 | 0.0004 | 12/31/2025 |
| 10 | Citigroup Global Markets, Inc. (Investment Management) | 3,408 | -119,068 | 29,785.92 | 0 | 0.0005 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.