| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Al Mehwar Commercial Investments LLC | 12,822,581 | 0 | 799,744,376.97 | 76.0649 | 13.4697 | 12/31/2025 |
| 2 | Capital Research & Management Co. (Global Investors) | 3,335,815 | 673,217 | 208,054,781.55 | 0.0329 | 3.5042 | 12/31/2025 |
| 3 | Abu Dhabi Investment Council (Investment Management) | 2,892,409 | -9,930,172 | 180,399,549.33 | 22.4285 | 3.0384 | 02/02/2026 |
| 4 | JPMorgan Investment Management, Inc. | 2,806,043 | 588,125 | 175,012,901.91 | 0.0023 | 2.9477 | 12/31/2025 |
| 5 | Capital Research & Management Co. (World Investors) | 2,479,605 | -463,058 | 154,652,963.85 | 0.0157 | 2.6047 | 12/31/2025 |
| 6 | T. Rowe Price Hong Kong Ltd. | 1,987,978 | 1,987,978 | 123,990,187.86 | 0.4662 | 2.0883 | 12/31/2025 |
| 7 | T. Rowe Price Associates, Inc. (IM) | 1,351,146 | -505,273 | 84,270,976.02 | 0.0104 | 1.4193 | 12/31/2025 |
| 8 | Ninety One UK Ltd. | 1,237,870 | -99,947 | 77,205,951.9 | 0.133 | 1.3003 | 12/31/2025 |
| 9 | Route One Investment Co. LP | 1,024,200 | 1,024,200 | 63,879,354 | 2.3732 | 1.0759 | 12/31/2025 |
| 10 | Grantham, Mayo, Van Otterloo & Co. LLC | 869,908 | -185,000 | 54,256,161.96 | 0.1051 | 0.9138 | 12/31/2025 |
| 11 | Carrhae Capital LLP | 830,212 | 429,630 | 51,780,322.44 | 3.4917 | 0.8721 | 12/31/2025 |
| 12 | Global X Management Co. LLC | 793,291 | 793,291 | 49,477,559.67 | 0.0546 | 0.8333 | 12/31/2025 |
| 13 | Vontobel Asset Management AG | 791,022 | -27,987 | 49,336,042.14 | 0.174 | 0.8309 | 12/31/2025 |
| 14 | JPMorgan Asset Management (UK) Ltd. | 790,535 | 28,906 | 49,305,667.95 | 0.03 | 0.8304 | 12/31/2025 |
| 15 | Oaktree Capital Management LP | 782,250 | -1,279,311 | 48,788,932.5 | 0.6144 | 0.8217 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 3,260,369 | -240,390 | 203,349,214.53 | 0.2768 | 3.4249 | 12/31/2025 |
| 2 | American Funds Small Cap World Fund | 1,979,519 | 390,823 | 123,462,600.03 | 0.1537 | 2.0794 | 12/31/2025 |
| 3 | JPMorgan Emerging Markets Equity Fund | 1,944,281 | 519,109 | 121,264,805.97 | 1.196 | 2.0424 | 01/31/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,076,620 | 212,922 | 67,148,789.4 | 1.4451 | 1.131 | 01/31/2026 |
| 5 | Global X MSCI Argentina ETF | 834,091 | -125,483 | 52,022,255.67 | 6.7261 | 0.8762 | 02/27/2026 |
| 6 | T. Rowe Price Emerging Markets Stock Fund | 761,874 | 761,874 | 47,518,081.38 | 0.753 | 0.8003 | 12/31/2025 |
| 7 | Redwheel Next Generation Emerging Markets Equity Fund | 709,602 | 479,170 | 44,257,876.74 | 1.874 | 0.7454 | 01/30/2026 |
| 8 | JPMorgan Fund ICVC - Emerging Markets Fund | 691,133 | 171,388 | 43,105,965.21 | 1.1996 | 0.726 | 01/31/2026 |
| 9 | Vontobel Fund - mtx Emerging Markets Leaders | 680,731 | 0 | 42,457,192.47 | 1.2514 | 0.7151 | 10/31/2025 |
| 10 | GMO Resources Fund | 626,908 | -179,500 | 39,100,251.96 | 3.0266 | 0.6585 | 12/31/2025 |
| 11 | T. Rowe Price International Discovery Fund | 445,523 | 445,523 | 27,787,269.51 | 0.4265 | 0.468 | 12/31/2025 |
| 12 | State Board of Administration of Florida Retirement System | 306,859 | -53,887 | 19,138,795.83 | 0.018 | 0.3223 | 09/30/2025 |
| 13 | T Rowe Price Real Assets Fund | 254,563 | -14,737 | 15,877,094.31 | 0.1329 | 0.2674 | 12/31/2025 |
| 14 | Ninety One Glb. Strat. Fd. - Global Natural Resources Fund | 237,487 | 34,177 | 14,812,064.19 | 1.1401 | 0.2495 | 12/31/2025 |
| 15 | American Funds Insurance Series - Global Small Cap Fund | 207,708 | 5,332 | 12,954,747.96 | 0.4533 | 0.2182 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | T. Rowe Price Hong Kong Ltd. | 1,987,978 | 1,987,978 | 123,990,187.86 | 0.4662 | 2.0883 | 12/31/2025 |
| 2 | Route One Investment Co. LP | 1,024,200 | 1,024,200 | 63,879,354 | 2.3732 | 1.0759 | 12/31/2025 |
| 3 | Global X Management Co. LLC | 793,291 | 793,291 | 49,477,559.67 | 0.0546 | 0.8333 | 12/31/2025 |
| 4 | Capital Research & Management Co. (Global Investors) | 3,335,815 | 673,217 | 208,054,781.55 | 0.0329 | 3.5042 | 12/31/2025 |
| 5 | Driehaus Capital Management LLC | 724,010 | 670,992 | 45,156,503.7 | 0.2258 | 0.7605 | 12/31/2025 |
| 6 | JPMorgan Investment Management, Inc. | 2,806,043 | 588,125 | 175,012,901.91 | 0.0023 | 2.9477 | 12/31/2025 |
| 7 | T. Rowe Price International Ltd. | 647,045 | 581,633 | 40,356,196.65 | 0.0243 | 0.6797 | 12/31/2025 |
| 8 | Citadel Securities LLC | 465,992 | 465,992 | 29,063,921.04 | 0.0629 | 0.4895 | 12/31/2025 |
| 9 | RWC Asset Management LLP | 746,132 | 462,655 | 46,536,252.84 | 0.4646 | 0.7838 | 12/31/2025 |
| 10 | Carrhae Capital LLP | 830,212 | 429,630 | 51,780,322.44 | 3.4917 | 0.8721 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Abu Dhabi Investment Council (Investment Management) | 2,892,409 | -9,930,172 | 180,399,549.33 | 22.4285 | 3.0384 | 02/02/2026 |
| 2 | Oaktree Capital Management LP | 782,250 | -1,279,311 | 48,788,932.5 | 0.6144 | 0.8217 | 12/31/2025 |
| 3 | Discovery Capital Management LLC | 0 | -1,201,817 | 0 | 0 | 0 | |
| 4 | Webs Creek Capital Management LP | 0 | -739,024 | 0 | 0 | 0 | |
| 5 | William Blair Investment Management LLC | 0 | -627,389 | 0 | 0 | 0 | |
| 6 | Itau USA Asset Management, Inc. | 0 | -550,435 | 0 | 0 | 0 | |
| 7 | T. Rowe Price Associates, Inc. (IM) | 1,351,146 | -505,273 | 84,270,976.02 | 0.0104 | 1.4193 | 12/31/2025 |
| 8 | Capital Research & Management Co. (World Investors) | 2,479,605 | -463,058 | 154,652,963.85 | 0.0157 | 2.6047 | 12/31/2025 |
| 9 | WCM Investment Management LLC | 345,090 | -421,129 | 21,523,263.3 | 0.0293 | 0.3625 | 12/31/2025 |
| 10 | Morgan Stanley Smith Barney LLC (Investment Management) | 250,422 | -384,457 | 15,618,820.14 | 0.0021 | 0.2631 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.