| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X Management Co. LLC | 1,627,579 | 137,032 | 50,357,294.26 | 0.0685 | 2.0904 | 06/30/2025 |
| 2 | Encompass Capital Advisors LLC | 1,000,000 | 1,000,000 | 30,940,000 | 0.9475 | 1.2843 | 06/30/2025 |
| 3 | TT International Asset Management Ltd. | 932,714 | -294,942 | 28,858,171.16 | 1.4336 | 1.1979 | 09/30/2025 |
| 4 | SPX Gestao de Recursos Ltda. | 837,142 | 837,142 | 25,901,173.48 | 0.9635 | 1.0752 | 06/30/2025 |
| 5 | Balyasny Asset Management LP | 409,812 | -109,922 | 12,679,583.28 | 0.0269 | 0.5263 | 06/30/2025 |
| 6 | Fourth Sail Capital LP | 253,168 | 68,465 | 7,833,017.92 | 1.0528 | 0.3252 | 06/30/2025 |
| 7 | VR Advisory Services (USA) LLC | 215,761 | -216,697 | 6,675,645.34 | 1.6678 | 0.2771 | 06/30/2025 |
| 8 | Arrowstreet Capital LP | 182,354 | 18,009 | 5,642,032.76 | 0.0036 | 0.2342 | 06/30/2025 |
| 9 | Ayalon Mutual Funds Ltd. | 175,796 | 13,016 | 5,439,128.24 | 0.3501 | 0.2258 | 07/31/2025 |
| 10 | Oaktree Capital Management LP | 137,630 | -346,976 | 4,258,272.2 | 0.0643 | 0.1768 | 06/30/2025 |
| 11 | Van Lanschot Kempen Investment Management NV | 132,293 | 16,873 | 4,093,145.42 | 0.0188 | 0.1699 | 06/30/2025 |
| 12 | Voloridge Investment Management LLC | 127,089 | 82,084 | 3,932,133.66 | 0.0135 | 0.1632 | 06/30/2025 |
| 13 | Marshall Wace LLP | 117,680 | 21,520 | 3,641,019.2 | 0.0039 | 0.1511 | 06/30/2025 |
| 14 | JPMorgan Securities LLC (Investment Management) | 114,073 | 4,347 | 3,529,418.62 | 0.0017 | 0.1465 | 06/30/2025 |
| 15 | Boston Management & Research | 103,616 | 13,700 | 3,205,879.04 | 0.0054 | 0.1331 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Global X MSCI Argentina ETF | 1,204,771 | -285,776 | 37,275,614.74 | 4.6703 | 1.5473 | 09/30/2025 |
| 2 | TT International Funds Plc - Emerging Markets Unconstrained | 674,249 | -125,086 | 20,861,264.06 | 2.2627 | 0.866 | 05/31/2025 |
| 3 | Eaton Vance Emerging & Frontier Countries Equity Fund | 239,016 | 149,100 | 7,395,155.04 | 0.3134 | 0.307 | 08/31/2025 |
| 4 | Ayalon Zvulun 4D Global Stocks | 113,400 | 10,800 | 3,508,596 | 7.594 | 0.1456 | 07/31/2025 |
| 5 | Kempen Intl. Funds - (Lux) Global Listed Infrastructure Fund | 112,705 | -2,715 | 3,487,092.7 | 1.2974 | 0.1448 | 09/30/2025 |
| 6 | Eaton Vance Global Macro Capital Opportunities Portfolio | 103,616 | 103,616 | 3,205,879.04 | 0.1421 | 0.1331 | 07/31/2025 |
| 7 | AYALON ZVULUN 5E Long Short Global Mutual Hedge Fund | 60,180 | 0 | 1,861,969.2 | 5.6857 | 0.0773 | 07/31/2025 |
| 8 | ART Global Macro | 40,000 | 23,000 | 1,237,600 | 0.8599 | 0.0514 | 04/30/2025 |
| 9 | Pacific Capital UCITS Funds plc - North of South EM Eq Inc Opp | 37,000 | 37,000 | 1,144,780 | 0.7599 | 0.0475 | 07/31/2025 |
| 10 | Pictet TR - Diversified Alpha | 30,983 | 30,983 | 958,614.02 | 0.0608 | 0.0398 | 06/30/2025 |
| 11 | Canada Life Global Resources Fund | 24,500 | 24,500 | 758,030 | 0.2389 | 0.0315 | 07/31/2025 |
| 12 | Mackenzie Global Resource Fund | 24,500 | 24,500 | 758,030 | 0.3377 | 0.0315 | 07/31/2025 |
| 13 | Allianz Global Investors Fund - Allianz Positive Change | 22,500 | -5,423 | 696,150 | 1.4783 | 0.0289 | 06/30/2025 |
| 14 | Schroder (Japan) Schroder Latin America Equity Mother Fund | 20,072 | 0 | 621,027.68 | 2.2925 | 0.0258 | 09/30/2024 |
| 15 | Lumyna - MW TOPS UCITS Fund | 19,694 | 0 | 609,332.36 | 0.0233 | 0.0253 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Encompass Capital Advisors LLC | 1,000,000 | 1,000,000 | 30,940,000 | 0.9475 | 1.2843 | 06/30/2025 |
| 2 | SPX Gestao de Recursos Ltda. | 837,142 | 837,142 | 25,901,173.48 | 0.9635 | 1.0752 | 06/30/2025 |
| 3 | Global X Management Co. LLC | 1,627,579 | 137,032 | 50,357,294.26 | 0.0685 | 2.0904 | 06/30/2025 |
| 4 | Banco BTG Pactual SA (Investment Management) | 82,657 | 82,657 | 2,557,407.58 | 0.1242 | 0.1062 | 06/30/2025 |
| 5 | Voloridge Investment Management LLC | 127,089 | 82,084 | 3,932,133.66 | 0.0135 | 0.1632 | 06/30/2025 |
| 6 | Fourth Sail Capital LP | 253,168 | 68,465 | 7,833,017.92 | 1.0528 | 0.3252 | 06/30/2025 |
| 7 | Mackenzie Financial Corp. | 47,700 | 47,700 | 1,475,838 | 0.0013 | 0.0613 | 06/30/2025 |
| 8 | Cubist Systematic Strategies LLC | 101,094 | 43,485 | 3,127,848.36 | 0.0314 | 0.1298 | 06/30/2025 |
| 9 | Morgan Stanley & Co. International Plc | 102,944 | 36,630 | 3,185,087.36 | 0.0313 | 0.1322 | 06/30/2025 |
| 10 | HSBC Bank Plc (Broker) | 26,857 | 26,857 | 830,955.58 | 0.0019 | 0.0345 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Oaktree Capital Management LP | 137,630 | -346,976 | 4,258,272.2 | 0.0643 | 0.1768 | 06/30/2025 |
| 2 | TT International Asset Management Ltd. | 932,714 | -294,942 | 28,858,171.16 | 1.4336 | 1.1979 | 09/30/2025 |
| 3 | VR Advisory Services (USA) LLC | 215,761 | -216,697 | 6,675,645.34 | 1.6678 | 0.2771 | 06/30/2025 |
| 4 | Balyasny Asset Management LP | 409,812 | -109,922 | 12,679,583.28 | 0.0269 | 0.5263 | 06/30/2025 |
| 5 | Millennium Management LLC | 38,538 | -105,381 | 1,192,365.72 | 0.001 | 0.0495 | 06/30/2025 |
| 6 | Citadel Advisors LLC | 0 | -80,012 | 0 | 0 | 0 | |
| 7 | ABS Investment Management LLC | 0 | -63,200 | 0 | 0 | 0 | |
| 8 | Two Sigma Investments LP | 0 | -58,070 | 0 | 0 | 0 | |
| 9 | Santander Asset Management SA AGF | 0 | -52,592 | 0 | 0 | 0 | |
| 10 | Jane Street Capital LLC | 0 | -33,721 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.