| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Al Mehwar Commercial Investments LLC | 12,822,581 | 0 | 780,382,279.66 | 74.5435 | 13.4697 | 12/31/2025 |
| 2 | Capital Research & Management Co. (Global Investors) | 3,335,815 | 673,217 | 203,017,700.9 | 0.0314 | 3.5042 | 12/31/2025 |
| 3 | Abu Dhabi Investment Council (Investment Management) | 2,892,409 | -9,930,172 | 176,032,011.74 | 21.394 | 3.0384 | 02/02/2026 |
| 4 | JPMorgan Investment Management, Inc. | 2,806,043 | 588,125 | 170,775,776.98 | 0.0174 | 2.9477 | 12/31/2025 |
| 5 | Capital Research & Management Co. (World Investors) | 2,479,605 | -463,058 | 150,908,760.3 | 0.0149 | 2.6047 | 12/31/2025 |
| 6 | T. Rowe Price Hong Kong Ltd. | 1,987,978 | 1,987,978 | 120,988,341.08 | 0.4452 | 2.0883 | 12/31/2025 |
| 7 | T. Rowe Price Associates, Inc. (IM) | 1,351,146 | -505,273 | 82,230,745.56 | 0.0098 | 1.4193 | 12/31/2025 |
| 8 | Ninety One UK Ltd. | 1,237,870 | -99,947 | 75,336,768.2 | 0.1261 | 1.3003 | 12/31/2025 |
| 9 | Route One Investment Co. LP | 1,024,200 | 1,024,200 | 62,332,812 | 2.2152 | 1.0759 | 12/31/2025 |
| 10 | Grantham, Mayo, Van Otterloo & Co. LLC | 869,908 | -185,000 | 52,942,600.88 | 0.1002 | 0.9138 | 12/31/2025 |
| 11 | Carrhae Capital LLP | 830,212 | 429,630 | 50,526,702.32 | 3.3082 | 0.8721 | 12/31/2025 |
| 12 | Global X Management Co. LLC | 793,291 | 793,291 | 48,279,690.26 | 0.0522 | 0.8333 | 12/31/2025 |
| 13 | Vontobel Asset Management AG | 791,022 | -27,987 | 48,141,598.92 | 0.1652 | 0.8309 | 12/31/2025 |
| 14 | JPMorgan Asset Management (UK) Ltd. | 790,535 | 28,906 | 48,111,960.1 | 0.0287 | 0.8304 | 12/31/2025 |
| 15 | Oaktree Capital Management LP | 782,250 | -1,279,311 | 47,607,735 | 0.5845 | 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 | 198,426,057.34 | 0.2647 | 3.4249 | 12/31/2025 |
| 2 | American Funds Small Cap World Fund | 1,979,519 | 390,823 | 120,473,526.34 | 0.1437 | 2.0794 | 12/31/2025 |
| 3 | JPMorgan Emerging Markets Equity Fund | 1,944,281 | 519,109 | 118,328,941.66 | 1.1513 | 2.0424 | 01/31/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,076,620 | 212,922 | 65,523,093.2 | 1.393 | 1.131 | 01/31/2026 |
| 5 | Global X MSCI Argentina ETF | 834,091 | -125,483 | 50,762,778.26 | 6.5604 | 0.8762 | 02/27/2026 |
| 6 | T. Rowe Price Emerging Markets Stock Fund | 761,874 | 761,874 | 46,367,651.64 | 0.7226 | 0.8003 | 12/31/2025 |
| 7 | Redwheel Next Generation Emerging Markets Equity Fund | 709,602 | 479,170 | 43,186,377.72 | 1.7774 | 0.7454 | 01/30/2026 |
| 8 | JPMorgan Fund ICVC - Emerging Markets Fund | 691,133 | 171,388 | 42,062,354.38 | 1.1582 | 0.726 | 01/31/2026 |
| 9 | Vontobel Fund - mtx Emerging Markets Leaders | 680,731 | 0 | 41,429,288.66 | 1.2104 | 0.7151 | 10/31/2025 |
| 10 | GMO Resources Fund | 626,908 | -179,500 | 38,153,620.88 | 2.9875 | 0.6585 | 12/31/2025 |
| 11 | T. Rowe Price International Discovery Fund | 445,523 | 445,523 | 27,114,529.78 | 0.4031 | 0.468 | 12/31/2025 |
| 12 | State Board of Administration of Florida Retirement System | 306,859 | -53,887 | 18,675,438.74 | 0.0171 | 0.3223 | 09/30/2025 |
| 13 | T Rowe Price Real Assets Fund | 254,563 | -14,737 | 15,492,704.18 | 0.1273 | 0.2674 | 12/31/2025 |
| 14 | DNB Global Emerging Markets | 238,466 | 238,466 | 14,513,040.76 | 0.9897 | 0.2505 | 11/28/2025 |
| 15 | Ninety One Glb. Strat. Fd. - Global Natural Resources Fund | 237,487 | 34,177 | 14,453,458.82 | 1.1206 | 0.2495 | 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 | 120,988,341.08 | 0.4452 | 2.0883 | 12/31/2025 |
| 2 | Route One Investment Co. LP | 1,024,200 | 1,024,200 | 62,332,812 | 2.2152 | 1.0759 | 12/31/2025 |
| 3 | Global X Management Co. LLC | 793,291 | 793,291 | 48,279,690.26 | 0.0522 | 0.8333 | 12/31/2025 |
| 4 | Capital Research & Management Co. (Global Investors) | 3,335,815 | 673,217 | 203,017,700.9 | 0.0314 | 3.5042 | 12/31/2025 |
| 5 | Driehaus Capital Management LLC | 724,010 | 670,992 | 44,063,248.6 | 0.2139 | 0.7605 | 12/31/2025 |
| 6 | JPMorgan Investment Management, Inc. | 2,806,043 | 588,125 | 170,775,776.98 | 0.0174 | 2.9477 | 12/31/2025 |
| 7 | T. Rowe Price International Ltd. | 647,045 | 581,633 | 39,379,158.7 | 0.0227 | 0.6797 | 12/31/2025 |
| 8 | Citadel Securities LLC | 465,992 | 465,992 | 28,360,273.12 | 0.0597 | 0.4895 | 12/31/2025 |
| 9 | RWC Asset Management LLP | 746,132 | 462,655 | 45,409,593.52 | 0.4466 | 0.7838 | 12/31/2025 |
| 10 | Carrhae Capital LLP | 830,212 | 429,630 | 50,526,702.32 | 3.3082 | 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 | 176,032,011.74 | 21.394 | 3.0384 | 02/02/2026 |
| 2 | Oaktree Capital Management LP | 782,250 | -1,279,311 | 47,607,735 | 0.5845 | 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 | 82,230,745.56 | 0.0098 | 1.4193 | 12/31/2025 |
| 8 | Capital Research & Management Co. (World Investors) | 2,479,605 | -463,058 | 150,908,760.3 | 0.0149 | 2.6047 | 12/31/2025 |
| 9 | WCM Investment Management LLC | 345,090 | -421,129 | 21,002,177.4 | 0.0278 | 0.3625 | 12/31/2025 |
| 10 | Morgan Stanley Smith Barney LLC (Investment Management) | 250,422 | -384,457 | 15,240,682.92 | 0.002 | 0.2631 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.