| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 56,457,332 | 6,643,125 | 913,479,631.76 | 0.0861 | 1.2438 | 09/30/2025 |
| 2 | Capital Research & Management Co. (International Investors) | 46,215,387 | 1,910,266 | 747,764,961.66 | 0.1125 | 1.0182 | 09/30/2025 |
| 3 | GQG Partners LLC | 45,735,176 | -471,334 | 739,995,147.68 | 0.5652 | 1.0076 | 09/30/2025 |
| 4 | BlackRock Investment Management (UK) Ltd. | 41,138,001 | 6,744,197 | 665,612,856.18 | 0.0807 | 0.9063 | 09/30/2025 |
| 5 | Fidelity Management & Research Co. LLC | 38,597,470 | -23,652,846 | 624,507,064.6 | 0.0336 | 0.8504 | 09/30/2025 |
| 6 | Robeco Institutional Asset Management BV | 32,514,877 | 20,464,231 | 526,090,709.86 | 0.2845 | 0.7163 | 12/31/2025 |
| 7 | Invesco Asset Management Ltd. | 27,973,822 | 4,970,985 | 452,616,439.96 | 0.4409 | 0.6163 | 09/30/2025 |
| 8 | Lazard Asset Management LLC | 22,272,507 | 2,192,285 | 360,369,163.26 | 0.2699 | 0.4907 | 09/30/2025 |
| 9 | Fisher Asset Management LLC | 21,742,504 | 37,244 | 351,793,714.72 | 0.1156 | 0.479 | 09/30/2025 |
| 10 | FIAM LLC | 16,282,645 | -7,573,014 | 263,453,196.1 | 0.1311 | 0.3587 | 09/30/2025 |
| 11 | BlackRock Fund Advisors | 14,418,235 | 1,499,092 | 233,287,042.3 | 0.0049 | 0.3177 | 09/30/2025 |
| 12 | Orbis Investment Management Ltd. | 13,573,795 | -6,091,594 | 219,624,003.1 | 0.5067 | 0.299 | 09/30/2025 |
| 13 | Connor, Clark & Lunn Investment Management Ltd. | 13,177,654 | 3,013,708 | 213,214,441.72 | 0.5487 | 0.2903 | 09/30/2025 |
| 14 | Mondrian Investment Partners Ltd. | 11,374,935 | -194,262 | 184,046,448.3 | 1.037 | 0.2506 | 09/30/2025 |
| 15 | SPX Gestao de Recursos Ltda. | 11,068,403 | 8,327,112 | 179,086,760.54 | 5.7081 | 0.2439 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Balanced Fund | 34,792,169 | 23,571,658 | 562,937,294.42 | 0.3044 | 0.7665 | 12/31/2025 |
| 2 | Invesco Developing Markets Fund | 23,931,598 | 1,013,737 | 387,213,255.64 | 3.4819 | 0.5272 | 11/30/2025 |
| 3 | GQG Partners Emerging Markets Equity Fund | 23,824,647 | 0 | 385,482,788.46 | 1.6146 | 0.5249 | 09/30/2025 |
| 4 | BlackRock World Mining Fund | 23,621,569 | 8,128,874 | 382,196,986.42 | 5.307 | 0.5204 | 11/30/2025 |
| 5 | American Funds EuroPacific Growth Fund | 22,988,209 | -5,891,970 | 371,949,221.62 | 0.2648 | 0.5065 | 12/31/2025 |
| 6 | American Funds Income Fund of America | 16,285,994 | 16,285,994 | 263,507,382.92 | 0.2534 | 0.3588 | 12/31/2025 |
| 7 | iShares Tr. - Latin America 40 ETF | 15,649,885 | 3,069,597 | 253,215,139.3 | 8.9539 | 0.3448 | 12/31/2025 |
| 8 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 13,095,370 | -7,903,600 | 211,883,086.6 | 0.7287 | 0.2885 | 11/30/2025 |
| 9 | American Funds New Perspective Fund | 11,225,003 | -1,168,020 | 181,620,548.54 | 0.1124 | 0.2473 | 12/31/2025 |
| 10 | American Funds Capital World Growth & Income Fund | 9,999,903 | 0 | 161,798,430.54 | 0.1106 | 0.2203 | 12/31/2025 |
| 11 | Strategic Advisers Fidelity Emerging Markets Fund | 9,134,995 | -435,857 | 147,804,219.1 | 0.4289 | 0.2013 | 11/30/2025 |
| 12 | BlackRock World Mining Trust Plc | 8,674,011 | 1,071,292 | 140,345,497.98 | 5.5274 | 0.1911 | 12/31/2025 |
| 13 | MFS Emerging Markets Equity Fund | 8,480,417 | -6,496,628 | 137,213,147.06 | 1.3384 | 0.1868 | 11/30/2025 |
| 14 | Fidelity Advisor Focused Emerging Markets Fund | 8,439,120 | -4,605,900 | 136,544,961.6 | 1.2416 | 0.1859 | 11/30/2025 |
| 15 | Capital Income Builder | 6,898,935 | 0 | 111,624,768.3 | 0.1153 | 0.152 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Robeco Institutional Asset Management BV | 32,514,877 | 20,464,231 | 526,090,709.86 | 0.2845 | 0.7163 | 12/31/2025 |
| 2 | SPX Gestao de Recursos Ltda. | 11,068,403 | 8,327,112 | 179,086,760.54 | 5.7081 | 0.2439 | 09/30/2025 |
| 3 | BlackRock Investment Management (UK) Ltd. | 41,138,001 | 6,744,197 | 665,612,856.18 | 0.0807 | 0.9063 | 09/30/2025 |
| 4 | Capital Research & Management Co. (World Investors) | 56,457,332 | 6,643,125 | 913,479,631.76 | 0.0861 | 1.2438 | 09/30/2025 |
| 5 | Marshall Wace LLP | 9,171,875 | 6,075,273 | 148,400,937.5 | 0.1564 | 0.2021 | 09/30/2025 |
| 6 | RWC Asset Advisors (US) LLC | 5,986,453 | 5,986,453 | 96,860,809.54 | 1.4311 | 0.1319 | 09/30/2025 |
| 7 | BofA Securities, Inc. | 7,463,070 | 5,751,050 | 120,752,472.6 | 0.2026 | 0.1644 | 09/30/2025 |
| 8 | Invesco Asset Management Ltd. | 27,973,822 | 4,970,985 | 452,616,439.96 | 0.4409 | 0.6163 | 09/30/2025 |
| 9 | Numeric Investors LLC | 4,135,976 | 4,082,194 | 66,920,091.68 | 0.1639 | 0.0911 | 09/30/2025 |
| 10 | Driehaus Capital Management LLC | 8,186,514 | 4,041,775 | 132,457,796.52 | 0.6124 | 0.1804 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 38,597,470 | -23,652,846 | 624,507,064.6 | 0.0336 | 0.8504 | 09/30/2025 |
| 2 | Massachusetts Financial Services Co. | 8,259,913 | -7,577,254 | 133,645,392.34 | 0.041 | 0.182 | 12/31/2025 |
| 3 | FIAM LLC | 16,282,645 | -7,573,014 | 263,453,196.1 | 0.1311 | 0.3587 | 09/30/2025 |
| 4 | Orbis Investment Management Ltd. | 13,573,795 | -6,091,594 | 219,624,003.1 | 0.5067 | 0.299 | 09/30/2025 |
| 5 | Goldman Sachs International | 7,765,361 | -4,017,481 | 125,643,540.98 | 0.897 | 0.1711 | 09/30/2025 |
| 6 | Morgan Stanley & Co. LLC | 5,800,211 | -3,616,633 | 93,847,413.98 | 0.0311 | 0.1278 | 09/30/2025 |
| 7 | CA Indosuez (Switzerland) SA | 2,884 | -3,509,074 | 46,663.12 | 0.0064 | 0.0001 | 09/30/2025 |
| 8 | Renaissance Technologies LLC | 7,357,533 | -3,286,426 | 119,044,883.94 | 0.1523 | 0.1621 | 09/30/2025 |
| 9 | Schroder Investment Management North America, Inc. | 48,013 | -2,544,900 | 776,850.34 | 0.0045 | 0.0011 | 09/30/2025 |
| 10 | Susquehanna Financial Group LLLP | 6,271,304 | -2,153,365 | 101,469,698.72 | 0.1511 | 0.1382 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.