| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Helikon Investments Ltd. | 2,347,333 | -549,917 | 70,067,890.05 | 0.9213 | 3.3768 | 03/31/2026 |
| 2 | Global X Management Co. LLC | 1,103,816 | -100,955 | 32,948,907.6 | 0.0327 | 1.5879 | 12/31/2025 |
| 3 | SPX Gestao de Recursos Ltda. | 1,025,136 | 446,771 | 30,600,309.6 | 1.0259 | 1.4747 | 03/31/2026 |
| 4 | North of South Capital LLP | 640,999 | 640,999 | 19,133,820.15 | 0.332 | 0.9221 | 03/31/2026 |
| 5 | TT International Asset Management Ltd. | 608,475 | -324,239 | 18,162,978.75 | 0.7707 | 0.8753 | 03/31/2026 |
| 6 | Fundamenta Capital SA (Uruguay) | 570,013 | 570,013 | 17,014,888.05 | 15.1683 | 0.82 | 03/31/2026 |
| 7 | Voloridge Investment Management LLC | 271,174 | -29,078 | 8,094,543.9 | 0.0266 | 0.3901 | 12/31/2025 |
| 8 | Boston Management & Research | 243,880 | 70,925 | 7,279,818 | 0.0114 | 0.3508 | 12/31/2025 |
| 9 | Ayalon Mutual Funds Ltd. | 207,785 | -725 | 6,202,382.25 | 0.2874 | 0.2989 | 02/26/2026 |
| 10 | VR Advisory Services (USA) LLC | 195,115 | 0 | 5,824,182.75 | 0.8628 | 0.2807 | 12/31/2025 |
| 11 | Fourth Sail Capital LP | 191,630 | -423,261 | 5,720,155.5 | 0.5444 | 0.2757 | 12/31/2025 |
| 12 | Citigroup Global Markets, Inc. (Investment Management) | 188,670 | 188,670 | 5,631,799.5 | 0.0033 | 0.2714 | 03/31/2026 |
| 13 | Goldman Sachs & Co. LLC (Private Banking) | 180,256 | 114,588 | 5,380,641.6 | 0.0022 | 0.2593 | 12/31/2025 |
| 14 | Morgan Stanley & Co. International Plc | 169,126 | -13,822 | 5,048,411.1 | 0.044 | 0.2433 | 12/31/2025 |
| 15 | CI Investments, Inc. | 163,504 | 163,504 | 4,880,594.4 | 0.0111 | 0.2352 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 1,301,329 | 168,655 | 38,844,670.65 | 4.4248 | 1.872 | 04/30/2026 |
| 2 | Pacific Capital UCITS Funds Plc - North of South EM | 426,699 | 426,699 | 12,736,965.15 | 0.3176 | 0.6138 | 03/31/2026 |
| 3 | TT International Funds Plc - Emerging Markets Unconstrained | 355,494 | -261,159 | 10,611,495.9 | 1.2695 | 0.5114 | 12/31/2025 |
| 4 | Eaton Vance Emerging & Frontier Countries Equity Fund | 327,180 | 167,700 | 9,766,323 | 0.2631 | 0.4707 | 03/31/2026 |
| 5 | Eaton Vance Global Macro Capital Opportunities Portfolio | 185,180 | 25,700 | 5,527,623 | 0.1554 | 0.2664 | 01/31/2026 |
| 6 | Ayalon Zvulun 4D Global Stocks | 133,300 | -6,425 | 3,979,005 | 6.9812 | 0.1918 | 02/26/2026 |
| 7 | Kempen Intl. Funds - (Lux) Global Listed Infrastructure Fund | 126,219 | 13,514 | 3,767,637.15 | 1.2584 | 0.1816 | 03/31/2026 |
| 8 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 60,180 | 0 | 1,796,373 | 4.5824 | 0.0866 | 02/26/2026 |
| 9 | Ashmore SICAV - Emerging Markets Frontier Equity Fund | 59,573 | 59,573 | 1,778,254.05 | 1.6693 | 0.0857 | 03/31/2026 |
| 10 | Eaton Vance Global Macro Absolute Return Advantage Portfolio | 53,300 | 0 | 1,591,005 | 0.1766 | 0.0767 | 01/31/2026 |
| 11 | T Rowe Price Latin America Fund | 41,100 | 41,100 | 1,226,835 | 0.2391 | 0.0591 | 03/31/2026 |
| 12 | Canada Life Global Resources Fund | 40,050 | 15,550 | 1,195,492.5 | 0.2329 | 0.0576 | 02/28/2026 |
| 13 | Mackenzie Global Resource Fund | 37,150 | 12,650 | 1,108,927.5 | 0.2931 | 0.0534 | 02/28/2026 |
| 14 | Ashmore Emerging Markets Frontier Equity Fund | 35,189 | 1,117 | 1,050,391.65 | 0.9646 | 0.0506 | 01/30/2026 |
| 15 | Mackenzie Global Energy Opp. Long/Short Fund | 35,000 | 0 | 1,044,750 | 1.4517 | 0.0503 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | North of South Capital LLP | 640,999 | 640,999 | 19,133,820.15 | 0.332 | 0.9221 | 03/31/2026 |
| 2 | Fundamenta Capital SA (Uruguay) | 570,013 | 570,013 | 17,014,888.05 | 15.1683 | 0.82 | 03/31/2026 |
| 3 | SPX Gestao de Recursos Ltda. | 1,025,136 | 446,771 | 30,600,309.6 | 1.0259 | 1.4747 | 03/31/2026 |
| 4 | Citigroup Global Markets, Inc. (Investment Management) | 188,670 | 188,670 | 5,631,799.5 | 0.0033 | 0.2714 | 03/31/2026 |
| 5 | CI Investments, Inc. | 163,504 | 163,504 | 4,880,594.4 | 0.0111 | 0.2352 | 12/31/2025 |
| 6 | BNP Paribas Financial Markets | 141,597 | 133,207 | 4,226,670.45 | 0.0024 | 0.2037 | 03/31/2026 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 180,256 | 114,588 | 5,380,641.6 | 0.0022 | 0.2593 | 12/31/2025 |
| 8 | Wexford Capital LP | 89,805 | 89,805 | 2,680,679.25 | 0.2784 | 0.1292 | 12/31/2025 |
| 9 | Boston Management & Research | 243,880 | 70,925 | 7,279,818 | 0.0114 | 0.3508 | 12/31/2025 |
| 10 | Meixler Investment Management Ltd. | 61,200 | 61,200 | 1,826,820 | 0.9736 | 0.088 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Encompass Capital Advisors LLC | 0 | -1,404,472 | 0 | 0 | 0 | |
| 2 | Helikon Investments Ltd. | 2,347,333 | -549,917 | 70,067,890.05 | 0.9213 | 3.3768 | 03/31/2026 |
| 3 | Fourth Sail Capital LP | 191,630 | -423,261 | 5,720,155.5 | 0.5444 | 0.2757 | 12/31/2025 |
| 4 | TT International Asset Management Ltd. | 608,475 | -324,239 | 18,162,978.75 | 0.7707 | 0.8753 | 03/31/2026 |
| 5 | Balyasny Asset Management LP | 104,369 | -138,240 | 3,115,414.65 | 0.0059 | 0.1501 | 12/31/2025 |
| 6 | Arrowstreet Capital LP | 0 | -119,289 | 0 | 0 | 0 | |
| 7 | Global X Management Co. LLC | 1,103,816 | -100,955 | 32,948,907.6 | 0.0327 | 1.5879 | 12/31/2025 |
| 8 | Banco BTG Pactual SA (Investment Management) | 106,060 | -94,954 | 3,165,891 | 0.1272 | 0.1526 | 12/31/2025 |
| 9 | Jane Street Capital LLC | 37,311 | -63,829 | 1,113,733.35 | 0.001 | 0.0537 | 03/31/2026 |
| 10 | Oaktree Capital Management LP | 0 | -56,522 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.