| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 6,233,717 | -2,997,192 | 428,879,729.6 | 0.2595 | 4.3648 | 12/31/2025 |
| 2 | Manning & Napier Advisors LLC | 2,209,096 | -771,459 | 151,985,804.8 | 1.8648 | 1.5468 | 12/31/2025 |
| 3 | EARNEST Partners LLC | 2,106,810 | 1,056,126 | 144,948,528 | 0.5031 | 1.4752 | 12/31/2025 |
| 4 | Van Eck Associates Corp. | 2,089,638 | 1,057,375 | 143,767,094.4 | 0.0842 | 1.4631 | 12/31/2025 |
| 5 | Grantham, Mayo, Van Otterloo & Co. LLC | 1,712,940 | -287,750 | 117,850,272 | 0.2222 | 1.1994 | 12/31/2025 |
| 6 | RWC Asset Advisors (US) LLC | 1,462,794 | 882,389 | 100,640,227.2 | 1.4845 | 1.0242 | 12/31/2025 |
| 7 | Global X Management Co. LLC | 1,193,423 | -266,681 | 82,107,502.4 | 0.0878 | 0.8356 | 12/31/2025 |
| 8 | Castle Hook Partners LP | 1,006,637 | 1,006,637 | 69,256,625.6 | 0.9919 | 0.7048 | 12/31/2025 |
| 9 | RWC Asset Management LLP | 846,610 | 609,557 | 58,246,768 | 0.5742 | 0.5928 | 12/31/2025 |
| 10 | Driehaus Capital Management LLC | 747,890 | 747,890 | 51,454,832 | 0.2464 | 0.5237 | 12/31/2025 |
| 11 | Nomura Investment Management Business Trust | 704,221 | -330,729 | 48,450,404.8 | 0.0493 | 0.4931 | 12/31/2025 |
| 12 | Robeco Schweiz AG | 685,200 | -422,700 | 47,141,760 | 0.4467 | 0.4798 | 12/31/2025 |
| 13 | Schroder Investment Management Ltd. | 678,353 | 678,353 | 46,670,686.4 | 0.0183 | 0.475 | 12/31/2025 |
| 14 | BlackRock Fund Advisors | 653,635 | 129,104 | 44,970,088 | 0.0008 | 0.4577 | 12/31/2025 |
| 15 | SEI Investments Management Corp. | 635,388 | 175,193 | 43,714,694.4 | 0.038 | 0.4449 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | VanEck Rare Earth and Strategic Metals ETF | 1,860,880 | 957,069 | 128,028,544 | 4.4247 | 1.303 | 02/27/2026 |
| 2 | Baillie Gifford Emerging Markets Equities Fund | 1,312,674 | -540,032 | 90,311,971.2 | 1.14 | 0.9191 | 12/31/2025 |
| 3 | iShares Tr. - Latin America 40 ETF | 930,569 | 412,027 | 64,023,147.2 | 1.5494 | 0.6516 | 02/27/2026 |
| 4 | Global X Lithium & Battery Tech ETF | 870,549 | -488,217 | 59,893,771.2 | 3.5813 | 0.6095 | 02/27/2026 |
| 5 | VanEck UCITS ETFs Plc - Rare Earth & Strategic Metals UCITS | 834,575 | 519,849 | 57,418,760 | 4.4314 | 0.5844 | 02/27/2026 |
| 6 | EARNEST Partners International Fund | 532,992 | 26,424 | 36,669,849.6 | 1.3709 | 0.3732 | 01/31/2026 |
| 7 | Nomura Emerging Markets Fund | 530,000 | -270,000 | 36,464,000 | 0.3437 | 0.3711 | 12/31/2025 |
| 8 | GMO Resources Fund | 480,962 | -292,600 | 33,090,185.6 | 2.5825 | 0.3368 | 12/31/2025 |
| 9 | Baron Emerging Markets Fund | 478,333 | 19,893 | 32,909,310.4 | 0.8762 | 0.3349 | 01/31/2026 |
| 10 | Redwheel Next Generation Emerging Markets Equity Fund | 393,228 | -275,149 | 27,054,086.4 | 1.0977 | 0.2753 | 01/30/2026 |
| 11 | Driehaus Mutual Funds - Emerging Markets Growth Fund | 322,452 | 322,452 | 22,184,697.6 | 0.4937 | 0.2258 | 12/31/2025 |
| 12 | SMDAM Global EV Related Equity Mother Fund | 320,700 | 0 | 22,064,160 | 4.4112 | 0.2246 | 07/23/2025 |
| 13 | State Board of Administration of Florida Retirement System | 315,413 | 4,340 | 21,700,414.4 | 0.0199 | 0.2208 | 09/30/2025 |
| 14 | Allspring Emerging Markets Equity Fund | 308,059 | -46,632 | 21,194,459.2 | 0.5418 | 0.2157 | 01/31/2026 |
| 15 | Baillie Gifford Overseas Growth Fund - Emer. Mkts. Leading Co. | 296,828 | -89,773 | 20,421,766.4 | 2.0483 | 0.2078 | 01/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Van Eck Associates Corp. | 2,089,638 | 1,057,375 | 143,767,094.4 | 0.0842 | 1.4631 | 12/31/2025 |
| 2 | EARNEST Partners LLC | 2,106,810 | 1,056,126 | 144,948,528 | 0.5031 | 1.4752 | 12/31/2025 |
| 3 | Castle Hook Partners LP | 1,006,637 | 1,006,637 | 69,256,625.6 | 0.9919 | 0.7048 | 12/31/2025 |
| 4 | RWC Asset Advisors (US) LLC | 1,462,794 | 882,389 | 100,640,227.2 | 1.4845 | 1.0242 | 12/31/2025 |
| 5 | Driehaus Capital Management LLC | 747,890 | 747,890 | 51,454,832 | 0.2464 | 0.5237 | 12/31/2025 |
| 6 | Schroder Investment Management Ltd. | 678,353 | 678,353 | 46,670,686.4 | 0.0183 | 0.475 | 12/31/2025 |
| 7 | RWC Asset Management LLP | 846,610 | 609,557 | 58,246,768 | 0.5742 | 0.5928 | 12/31/2025 |
| 8 | BAMCO, Inc. | 562,105 | 562,105 | 38,672,824 | 0.1007 | 0.3936 | 12/31/2025 |
| 9 | Balyasny Asset Management LP | 392,052 | 392,052 | 26,973,177.6 | 0.0502 | 0.2745 | 12/31/2025 |
| 10 | Citadel Advisors LLC | 531,819 | 361,360 | 36,589,147.2 | 0.0359 | 0.3724 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 6,233,717 | -2,997,192 | 428,879,729.6 | 0.2595 | 4.3648 | 12/31/2025 |
| 2 | Kopernik Global Investors LLC | 0 | -1,842,113 | 0 | 0 | 0 | |
| 3 | Lazard Asset Management LLC | 0 | -1,433,749 | 0 | 0 | 0 | |
| 4 | Itau USA Asset Management, Inc. | 0 | -919,538 | 0 | 0 | 0 | |
| 5 | Manning & Napier Advisors LLC | 2,209,096 | -771,459 | 151,985,804.8 | 1.8648 | 1.5468 | 12/31/2025 |
| 6 | RBC Dominion Securities, Inc. (Investment Management) | 11,172 | -594,756 | 768,633.6 | 0.0007 | 0.0078 | 12/31/2025 |
| 7 | Robeco Schweiz AG | 685,200 | -422,700 | 47,141,760 | 0.4467 | 0.4798 | 12/31/2025 |
| 8 | BlackRock Investment Management (UK) Ltd. | 504,724 | -418,723 | 34,725,011.2 | 0.0042 | 0.3534 | 12/31/2025 |
| 9 | Nomura Investment Management Business Trust | 704,221 | -330,729 | 48,450,404.8 | 0.0493 | 0.4931 | 12/31/2025 |
| 10 | Woodline Partners LP | 51,206 | -306,911 | 3,522,972.8 | 0.0134 | 0.0359 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.