| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 8,861,882 | -509,904 | 558,830,278.92 | 0.3035 | 6.205 | 09/30/2025 |
| 2 | Manning & Napier Advisors LLC | 3,168,322 | 737,990 | 199,794,385.32 | 2.3252 | 2.2184 | 09/30/2025 |
| 3 | Grantham, Mayo, Van Otterloo & Co. LLC | 1,946,264 | -481,826 | 122,731,407.84 | 0.2442 | 1.3627 | 09/30/2025 |
| 4 | EARNEST Partners LLC | 1,911,668 | 815,619 | 120,549,784.08 | 0.4629 | 1.3385 | 09/30/2025 |
| 5 | Van Eck Associates Corp. | 1,676,392 | 756,432 | 105,713,279.52 | 0.0737 | 1.1738 | 09/30/2025 |
| 6 | Global X Management Co. LLC | 1,529,281 | 145,555 | 96,436,459.86 | 0.1229 | 1.0708 | 09/30/2025 |
| 7 | RWC Asset Advisors (US) LLC | 1,232,662 | 297,105 | 77,731,665.72 | 1.3202 | 0.8631 | 09/30/2025 |
| 8 | RWC Asset Management LLP | 1,113,807 | 856,757 | 70,236,669.42 | 0.7002 | 0.7799 | 09/30/2025 |
| 9 | Macquarie Investment Management Business Trust | 1,016,318 | -25,509 | 64,089,013.08 | 0.064 | 0.7116 | 09/30/2025 |
| 10 | Kopernik Global Investors LLC | 812,944 | -710,724 | 51,264,248.64 | 0.8657 | 0.5692 | 09/30/2025 |
| 11 | Robeco Schweiz AG | 741,400 | -424,200 | 46,752,684 | 0.4886 | 0.5191 | 09/30/2025 |
| 12 | Allspring Global Investments LLC | 709,902 | -76,098 | 44,766,420.12 | 0.0575 | 0.4971 | 09/30/2025 |
| 13 | Citadel Advisors LLC | 675,342 | 675,342 | 42,587,066.52 | 0.0462 | 0.4729 | 09/30/2025 |
| 14 | SEI Investments Management Corp. | 629,808 | 224,289 | 39,715,692.48 | 0.039 | 0.441 | 09/30/2025 |
| 15 | Barclays Bank Plc (Private Banking) | 620,664 | 509,567 | 39,139,071.84 | 0.0067 | 0.4346 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford Emerging Markets Equities Fund | 1,934,238 | 18,149 | 121,973,048.28 | 1.7193 | 1.3543 | 09/30/2025 |
| 2 | VanEck Rare Earth and Strategic Metals ETF | 1,538,958 | 974,940 | 97,046,691.48 | 6.5503 | 1.0776 | 11/28/2025 |
| 3 | Global X Lithium & Battery Tech ETF | 824,091 | -480,956 | 51,967,178.46 | 3.7246 | 0.577 | 11/28/2025 |
| 4 | Macquarie Emerging Markets Fund | 800,000 | 0 | 50,448,000 | 0.5979 | 0.5601 | 10/31/2025 |
| 5 | Redwheel Next Generation Emerging Markets Equity Fund | 668,377 | 668,377 | 42,147,853.62 | 2.2468 | 0.468 | 10/31/2025 |
| 6 | GMO Resources Fund | 629,362 | -119,000 | 39,687,567.72 | 3.0578 | 0.4407 | 09/30/2025 |
| 7 | iShares Tr. - Latin America 40 ETF | 561,112 | 15,407 | 35,383,722.72 | 1.5894 | 0.3929 | 10/31/2025 |
| 8 | VanEck UCITS ETFs Plc - Rare Earth & Strategic Metals UCITS | 546,845 | 331,838 | 34,484,045.7 | 6.5709 | 0.3829 | 10/31/2025 |
| 9 | Baron Emerging Markets Fund | 515,492 | 515,492 | 32,506,925.52 | 0.8974 | 0.3609 | 10/31/2025 |
| 10 | EARNEST Partners International Fund | 500,715 | 267,474 | 31,575,087.9 | 1.369 | 0.3506 | 10/31/2025 |
| 11 | Baillie Gifford UK & Bal. Fds. - Managed Fund | 435,954 | -67,848 | 27,491,259.24 | 0.5938 | 0.3052 | 10/31/2025 |
| 12 | BlackRock Global Funds - Future of Transport Fund | 373,942 | -116,425 | 23,580,782.52 | 3.3474 | 0.2618 | 10/31/2025 |
| 13 | Baillie Gifford Overseas Growth Fund - Emer. Mkts. Leading Co. | 373,614 | -23,717 | 23,560,098.84 | 2.6526 | 0.2616 | 10/31/2025 |
| 14 | Allspring Emerging Markets Equity Fund | 354,691 | 0 | 22,366,814.46 | 0.5999 | 0.2484 | 10/31/2025 |
| 15 | SMDAM Global EV Related Equity Mother Fund | 320,700 | -1,950 | 20,223,342 | 4.4701 | 0.2246 | 07/23/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | RWC Asset Management LLP | 1,113,807 | 856,757 | 70,236,669.42 | 0.7002 | 0.7799 | 09/30/2025 |
| 2 | EARNEST Partners LLC | 1,911,668 | 815,619 | 120,549,784.08 | 0.4629 | 1.3385 | 09/30/2025 |
| 3 | Van Eck Associates Corp. | 1,676,392 | 756,432 | 105,713,279.52 | 0.0737 | 1.1738 | 09/30/2025 |
| 4 | Manning & Napier Advisors LLC | 3,168,322 | 737,990 | 199,794,385.32 | 2.3252 | 2.2184 | 09/30/2025 |
| 5 | Citadel Advisors LLC | 675,342 | 675,342 | 42,587,066.52 | 0.0462 | 0.4729 | 09/30/2025 |
| 6 | BAMCO, Inc. | 600,938 | 600,938 | 37,895,150.28 | 0.0933 | 0.4208 | 09/30/2025 |
| 7 | Barclays Bank Plc (Private Banking) | 620,664 | 509,567 | 39,139,071.84 | 0.0067 | 0.4346 | 09/30/2025 |
| 8 | RBC Dominion Securities, Inc. (Investment Management) | 489,438 | 486,994 | 30,863,960.28 | 0.0217 | 0.3427 | 09/30/2025 |
| 9 | Schroder Investment Management Ltd. | 491,218 | 315,416 | 30,976,207.08 | 0.0127 | 0.3439 | 09/30/2025 |
| 10 | RWC Asset Advisors (US) LLC | 1,232,662 | 297,105 | 77,731,665.72 | 1.3202 | 0.8631 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 0 | -2,032,265 | 0 | 0 | 0 | |
| 2 | Kopernik Global Investors LLC | 812,944 | -710,724 | 51,264,248.64 | 0.8657 | 0.5692 | 09/30/2025 |
| 3 | TIAA-CREF Investment Management LLC | 0 | -654,583 | 0 | 0 | 0 | |
| 4 | Baillie Gifford & Co. | 8,861,882 | -509,904 | 558,830,278.92 | 0.3035 | 6.205 | 09/30/2025 |
| 5 | Lord, Abbett & Co. LLC | 0 | -495,000 | 0 | 0 | 0 | |
| 6 | Grantham, Mayo, Van Otterloo & Co. LLC | 1,946,264 | -481,826 | 122,731,407.84 | 0.2442 | 1.3627 | 09/30/2025 |
| 7 | Robeco Schweiz AG | 741,400 | -424,200 | 46,752,684 | 0.4886 | 0.5191 | 09/30/2025 |
| 8 | BlackRock Investment Management (UK) Ltd. | 548,382 | -362,825 | 34,580,968.92 | 0.0043 | 0.384 | 09/30/2025 |
| 9 | Teachers Advisors LLC | 0 | -330,871 | 0 | 0 | 0 | |
| 10 | abrdn Investments Ltd. | 112,424 | -202,049 | 7,089,457.44 | 0.017 | 0.0787 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.