| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 56,457,332 | 25,776,416 | 728,299,582.8 | 0.0717 | 1.2438 | 09/30/2025 |
| 2 | Capital Research & Management Co. (International Investors) | 46,215,387 | 16,482,077 | 596,178,492.3 | 0.0908 | 1.0182 | 09/30/2025 |
| 3 | GQG Partners LLC | 45,735,176 | 8,482,874 | 589,983,770.4 | 0.4654 | 1.0076 | 09/30/2025 |
| 4 | BlackRock Investment Management (UK) Ltd. | 41,138,001 | 6,058,421 | 530,680,212.9 | 0.0664 | 0.9063 | 09/30/2025 |
| 5 | Fidelity Management & Research Co. LLC | 38,597,470 | -38,408,523 | 497,907,363 | 0.0275 | 0.8504 | 09/30/2025 |
| 6 | Invesco Asset Management Ltd. | 27,973,822 | 27,973,822 | 360,862,303.8 | 0.3737 | 0.6163 | 09/30/2025 |
| 7 | Lazard Asset Management LLC | 22,272,507 | 3,194,873 | 287,315,340.3 | 0.2257 | 0.4907 | 09/30/2025 |
| 8 | Fisher Asset Management LLC | 21,742,504 | 5,271,445 | 280,478,301.6 | 0.0951 | 0.479 | 09/30/2025 |
| 9 | FIAM LLC | 16,282,645 | -15,259,854 | 210,046,120.5 | 0.108 | 0.3587 | 09/30/2025 |
| 10 | BlackRock Fund Advisors | 14,418,235 | 2,561,692 | 185,995,231.5 | 0.0042 | 0.3177 | 09/30/2025 |
| 11 | Orbis Investment Management Ltd. | 13,573,795 | -17,684,194 | 175,101,955.5 | 0.4719 | 0.299 | 09/30/2025 |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 13,177,654 | 1,654,183 | 169,991,736.6 | 0.4647 | 0.2903 | 09/30/2025 |
| 13 | Robeco Institutional Asset Management BV | 11,705,575 | 2,048,086 | 151,001,917.5 | 0.1361 | 0.2579 | 09/30/2025 |
| 14 | Mondrian Investment Partners Ltd. | 11,374,935 | -194,262 | 146,736,661.5 | 0.8491 | 0.2506 | 09/30/2025 |
| 15 | SPX Gestao de Recursos Ltda. | 11,068,403 | 5,680,359 | 142,782,398.7 | 5.2934 | 0.2439 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds EuroPacific Growth Fund | 28,705,639 | 13,496,865 | 370,302,743.1 | 0.2708 | 0.6324 | 09/30/2025 |
| 2 | Invesco Developing Markets Fund | 26,137,135 | 26,137,135 | 337,169,041.5 | 3.1163 | 0.5758 | 10/31/2025 |
| 3 | GQG Partners Emerging Markets Equity Fund | 23,824,647 | 3,335,594 | 307,337,946.3 | 1.3233 | 0.5249 | 09/30/2025 |
| 4 | BlackRock World Mining Fund | 23,621,569 | 8,128,874 | 304,718,240.1 | 5.3104 | 0.5204 | 10/31/2025 |
| 5 | American Balanced Fund | 21,912,975 | 21,912,975 | 282,677,377.5 | 0.158 | 0.4828 | 09/30/2025 |
| 6 | iShares Tr. - Latin America 40 ETF | 14,088,433 | 352,022 | 181,740,785.7 | 8.3819 | 0.3104 | 10/31/2025 |
| 7 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 13,095,370 | -8,576,400 | 168,930,273 | 0.6362 | 0.2885 | 10/31/2025 |
| 8 | American Funds New Perspective Fund | 12,393,023 | 0 | 159,869,996.7 | 0.1 | 0.273 | 09/30/2025 |
| 9 | American Funds Capital World Growth & Income Fund | 9,999,903 | -40,982 | 128,998,748.7 | 0.0916 | 0.2203 | 09/30/2025 |
| 10 | American Funds New World Fund | 9,843,093 | 38,956 | 126,975,899.7 | 0.1779 | 0.2169 | 09/30/2025 |
| 11 | BlackRock World Mining Trust Plc | 8,713,556 | 2,910,837 | 112,404,872.4 | 6.0397 | 0.192 | 11/28/2025 |
| 12 | MFS Emerging Markets Equity Fund | 8,640,475 | -6,130,105 | 111,462,127.5 | 1.1752 | 0.1904 | 10/31/2025 |
| 13 | Fidelity Advisor Focused Emerging Markets Fund | 8,439,120 | -4,605,900 | 108,864,648 | 1.1124 | 0.1859 | 10/31/2025 |
| 14 | Strategic Advisers Fidelity Emerging Markets Fund | 8,263,195 | -4,442,557 | 106,595,215.5 | 0.3334 | 0.182 | 10/31/2025 |
| 15 | Capital Income Builder | 6,898,935 | 0 | 88,996,261.5 | 0.0944 | 0.152 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco Asset Management Ltd. | 27,973,822 | 27,973,822 | 360,862,303.8 | 0.3737 | 0.6163 | 09/30/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 56,457,332 | 25,776,416 | 728,299,582.8 | 0.0717 | 1.2438 | 09/30/2025 |
| 3 | Capital Research & Management Co. (International Investors) | 46,215,387 | 16,482,077 | 596,178,492.3 | 0.0908 | 1.0182 | 09/30/2025 |
| 4 | Marshall Wace LLP | 9,171,875 | 9,158,635 | 118,317,187.5 | 0.1263 | 0.2021 | 09/30/2025 |
| 5 | GQG Partners LLC | 45,735,176 | 8,482,874 | 589,983,770.4 | 0.4654 | 1.0076 | 09/30/2025 |
| 6 | Millennium Management LLC | 7,667,894 | 7,393,651 | 98,915,832.6 | 0.0773 | 0.1689 | 09/30/2025 |
| 7 | Bridgewater Associates LP | 7,339,531 | 6,415,201 | 94,679,949.9 | 0.3607 | 0.1617 | 09/30/2025 |
| 8 | BlackRock Investment Management (UK) Ltd. | 41,138,001 | 6,058,421 | 530,680,212.9 | 0.0664 | 0.9063 | 09/30/2025 |
| 9 | RWC Asset Advisors (US) LLC | 5,986,453 | 5,986,453 | 77,225,243.7 | 1.3022 | 0.1319 | 09/30/2025 |
| 10 | SPX Gestao de Recursos Ltda. | 11,068,403 | 5,680,359 | 142,782,398.7 | 5.2934 | 0.2439 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 38,597,470 | -38,408,523 | 497,907,363 | 0.0275 | 0.8504 | 09/30/2025 |
| 2 | Orbis Investment Management Ltd. | 13,573,795 | -17,684,194 | 175,101,955.5 | 0.4719 | 0.299 | 09/30/2025 |
| 3 | FIAM LLC | 16,282,645 | -15,259,854 | 210,046,120.5 | 0.108 | 0.3587 | 09/30/2025 |
| 4 | Schroder Investment Management North America, Inc. | 48,013 | -9,499,967 | 619,367.7 | 0.0037 | 0.0011 | 09/30/2025 |
| 5 | Schroder Investment Management Ltd. | 2,821,931 | -8,274,932 | 36,402,909.9 | 0.0148 | 0.0622 | 09/30/2025 |
| 6 | Fidelity Management & Research (Hong Kong) Ltd. | 0 | -6,304,500 | 0 | 0 | 0 | |
| 7 | Massachusetts Financial Services Co. | 9,276,255 | -6,286,733 | 119,663,689.5 | 0.0367 | 0.2044 | 09/30/2025 |
| 8 | T. Rowe Price Singapore Pte Ltd. | 0 | -6,279,177 | 0 | 0 | 0 | |
| 9 | Goldman Sachs Asset Management LP | 1,153,613 | -6,010,708 | 14,881,607.7 | 0.0029 | 0.0254 | 09/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 5,800,211 | -5,120,300 | 74,822,721.9 | 0.0254 | 0.1278 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.