| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Naman Capital Ltda. | 13,687,979 | -392,020 | 82,401,633.58 | 11.5202 | 1.2267 | 12/31/2025 |
| 2 | Goldman Sachs International | 3,707,352 | 2,870,406 | 22,318,259.04 | 0.1947 | 0.3322 | 12/31/2025 |
| 3 | Parametric Portfolio Associates LLC | 3,395,144 | -197,423 | 20,438,766.88 | 0.0048 | 0.3043 | 12/31/2025 |
| 4 | Renaissance Technologies LLC | 3,382,778 | 807,178 | 20,364,323.56 | 0.0284 | 0.3032 | 12/31/2025 |
| 5 | American Century Investment Management, Inc. | 3,049,669 | 264,482 | 18,359,007.38 | 0.0063 | 0.2733 | 12/31/2025 |
| 6 | Aperio Group LLC | 2,035,032 | 168,547 | 12,250,892.64 | 0.0083 | 0.1824 | 12/31/2025 |
| 7 | UBS Securities LLC | 1,846,423 | -722,754 | 11,115,466.46 | 0.004 | 0.1655 | 03/31/2026 |
| 8 | BMO Asset Management Corp. | 1,824,000 | 1,824,000 | 10,980,480 | 0.0103 | 0.1635 | 12/31/2025 |
| 9 | Merrill Lynch International (Investment Management) | 1,776,070 | 1,739,315 | 10,691,941.4 | 0.0425 | 0.1592 | 12/31/2025 |
| 10 | Millennium Management LLC | 1,610,338 | -1,186,324 | 9,694,234.76 | 0.0066 | 0.1443 | 12/31/2025 |
| 11 | Morgan Stanley & Co. LLC | 1,511,643 | -549,898 | 9,100,090.86 | 0.003 | 0.1355 | 12/31/2025 |
| 12 | JPMorgan Securities LLC (Investment Management) | 1,349,922 | -2,732,894 | 8,126,530.44 | 0.0051 | 0.121 | 12/31/2025 |
| 13 | JPMorgan Mansart Management Ltd. | 1,253,266 | 1,253,266 | 7,544,661.32 | 0.0385 | 0.1123 | 12/31/2025 |
| 14 | Jane Street Capital LLC | 1,150,919 | 720,187 | 6,928,532.38 | 0.007 | 0.1031 | 12/31/2025 |
| 15 | DWS Investments (UK) Ltd. | 1,139,646 | 1,134,587 | 6,860,668.92 | 0.0026 | 0.1021 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Avantis Emerging Markets Equity ETF | 3,630,703 | 1,062,080 | 21,856,832.06 | 0.0879 | 0.3254 | 04/30/2026 |
| 2 | Xtrackers SICAV - MSCI World Swap UCITS ETF | 1,139,646 | 1,139,646 | 6,860,668.92 | 0.054 | 0.1021 | 04/30/2026 |
| 3 | iShares Global Infrastructure Index Fund | 975,861 | 190,693 | 5,874,683.22 | 0.5866 | 0.0875 | 04/30/2026 |
| 4 | Lumyna - MW TOPS UCITS Fund | 553,161 | 0 | 3,330,029.22 | 0.1189 | 0.0496 | 03/31/2025 |
| 5 | Warburg Value Fund | 475,000 | 70,000 | 2,859,500 | 2.0986 | 0.0426 | 11/28/2025 |
| 6 | Cantor Fitzgerald Infrastructure Fund | 399,500 | 0 | 2,404,990 | 0.3706 | 0.0358 | 12/31/2025 |
| 7 | Polunin Funds - Developing Countries | 321,935 | 0 | 1,938,048.7 | 0.4564 | 0.0289 | 06/30/2025 |
| 8 | AMC Expert Fund - BCV Global Emerging Equity ESG | 300,000 | 300,000 | 1,806,000 | 0.2361 | 0.0269 | 12/31/2025 |
| 9 | HSBC ETFs Plc - MSCI Emerging Markets | 264,391 | 11,764 | 1,591,633.82 | 0.0291 | 0.0237 | 04/30/2026 |
| 10 | Sun Life Acadian International Equity Fund | 253,830 | -885,203 | 1,528,056.6 | 0.0906 | 0.0227 | 12/31/2025 |
| 11 | Invesco Zacks Multi-Asset Income ETF | 215,158 | 215,158 | 1,295,251.16 | 1.0903 | 0.0193 | 04/30/2026 |
| 12 | Dimensional World ex-US Core Equity 2 ETF | 190,561 | 9,700 | 1,147,177.22 | 0.0097 | 0.0171 | 04/30/2026 |
| 13 | ActivePassive International Equity ETF | 183,541 | 167,696 | 1,104,916.82 | 0.1079 | 0.0164 | 04/30/2026 |
| 14 | BlackRock ISF - iShares EM Screened Equity Index Fund (IE) | 145,888 | -32,740 | 878,245.76 | 0.0911 | 0.0131 | 03/31/2026 |
| 15 | Avantis Emerging Markets Equity Fund | 142,929 | 27,939 | 860,432.58 | 0.0811 | 0.0128 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs International | 3,707,352 | 2,870,406 | 22,318,259.04 | 0.1947 | 0.3322 | 12/31/2025 |
| 2 | BMO Asset Management Corp. | 1,824,000 | 1,824,000 | 10,980,480 | 0.0103 | 0.1635 | 12/31/2025 |
| 3 | Merrill Lynch International (Investment Management) | 1,776,070 | 1,739,315 | 10,691,941.4 | 0.0425 | 0.1592 | 12/31/2025 |
| 4 | JPMorgan Mansart Management Ltd. | 1,253,266 | 1,253,266 | 7,544,661.32 | 0.0385 | 0.1123 | 12/31/2025 |
| 5 | DWS Investments (UK) Ltd. | 1,139,646 | 1,134,587 | 6,860,668.92 | 0.0026 | 0.1021 | 03/31/2026 |
| 6 | Qube Research & Technologies Ltd. | 1,064,526 | 843,766 | 6,408,446.52 | 0.0086 | 0.0954 | 12/31/2025 |
| 7 | Marshall Wace LLP | 853,367 | 824,823 | 5,137,269.34 | 0.0045 | 0.0765 | 12/31/2025 |
| 8 | Renaissance Technologies LLC | 3,382,778 | 807,178 | 20,364,323.56 | 0.0284 | 0.3032 | 12/31/2025 |
| 9 | Kapitalo Investimentos Ltda. | 915,468 | 721,368 | 5,511,117.36 | 0.1475 | 0.082 | 03/31/2026 |
| 10 | Jane Street Capital LLC | 1,150,919 | 720,187 | 6,928,532.38 | 0.007 | 0.1031 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Securities LLC (Investment Management) | 1,349,922 | -2,732,894 | 8,126,530.44 | 0.0051 | 0.121 | 12/31/2025 |
| 2 | Millennium Management LLC | 1,610,338 | -1,186,324 | 9,694,234.76 | 0.0066 | 0.1443 | 12/31/2025 |
| 3 | SLGI Asset Management, Inc. | 253,830 | -885,203 | 1,528,056.6 | 0.0264 | 0.0227 | 12/31/2025 |
| 4 | Acadian Asset Management LLC | 253,830 | -804,534 | 1,528,056.6 | 0.002 | 0.0227 | 12/31/2025 |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 473,774 | -780,561 | 2,852,119.48 | 0.0012 | 0.0425 | 12/31/2025 |
| 6 | UBS Securities LLC | 1,846,423 | -722,754 | 11,115,466.46 | 0.004 | 0.1655 | 03/31/2026 |
| 7 | Morgan Stanley & Co. LLC | 1,511,643 | -549,898 | 9,100,090.86 | 0.003 | 0.1355 | 12/31/2025 |
| 8 | Raiffeisen Kapitalanlage-Gesellschaft mbH | 0 | -537,128 | 0 | 0 | 0 | |
| 9 | BlackRock Fund Advisors | 488,171 | -471,673 | 2,938,789.42 | 0.0001 | 0.0437 | 12/31/2025 |
| 10 | Cubist Systematic Strategies LLC | 0 | -470,768 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.