| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (Global Investors) | 4,634,969 | -71,928 | 287,460,777.38 | 0.0358 | 4.175 | 06/30/2026 |
| 2 | JPMorgan Investment Management, Inc. | 3,386,871 | -117,962 | 210,053,739.42 | 0.0203 | 3.0508 | 06/30/2026 |
| 3 | Abu Dhabi Investment Council Co. PJSC (Investment Management) | 2,892,409 | 447,782 | 179,387,206.18 | 16.6458 | 2.6054 | 06/30/2026 |
| 4 | Baillie Gifford & Co. | 2,727,683 | 1,159,991 | 169,170,899.66 | 0.1007 | 2.457 | 06/30/2026 |
| 5 | Lazard Asset Management LLC | 2,589,817 | 1,230,199 | 160,620,450.34 | 0.1278 | 2.3328 | 06/30/2026 |
| 6 | T. Rowe Price Hong Kong Ltd. | 2,323,420 | 348,626 | 144,098,508.4 | 0.8128 | 2.0928 | 06/30/2026 |
| 7 | Ninety One UK Ltd. | 2,212,079 | 277,502 | 137,193,139.58 | 0.2099 | 1.9926 | 09/30/2026 |
| 8 | Capital Research & Management Co. (World Investors) | 1,594,234 | -906,743 | 98,874,392.68 | 0.009 | 1.436 | 06/30/2026 |
| 9 | T. Rowe Price Associates, Inc. (IM) | 1,339,955 | -63,878 | 83,104,009.1 | 0.0092 | 1.207 | 06/30/2026 |
| 10 | Driehaus Capital Management LLC | 1,259,484 | 7,898 | 78,113,197.68 | 0.4134 | 1.1345 | 06/30/2026 |
| 11 | William Blair Investment Management LLC | 1,245,598 | 689,315 | 77,251,987.96 | 0.2028 | 1.122 | 06/30/2026 |
| 12 | Route One Investment Co. LP | 1,216,700 | 0 | 75,459,734 | 2.523 | 1.096 | 06/30/2026 |
| 13 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 73,790,899.84 | 18.2252 | 1.0717 | 06/30/2026 |
| 14 | TT International Asset Management Ltd. | 1,087,935 | 105,006 | 67,473,728.7 | 5.1408 | 0.98 | 09/30/2026 |
| 15 | Cape Ann Asset Management Ltd. | 979,693 | 47,851 | 60,760,559.86 | 13.3137 | 0.8825 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 3,797,911 | -753,450 | 235,546,440.22 | 0.3026 | 3.421 | 09/30/2026 |
| 2 | JPMorgan Emerging Markets Equity Fund | 2,266,911 | 120,028 | 140,593,820.22 | 1.4807 | 2.0419 | 08/31/2026 |
| 3 | American Funds Small Cap World Fund | 1,924,865 | 0 | 119,380,127.3 | 0.1407 | 1.7338 | 09/30/2026 |
| 4 | Lazard Emerging Markets Equity Portfolio | 1,256,155 | 615,324 | 77,906,733.1 | 0.8454 | 1.1315 | 09/30/2026 |
| 5 | JPMorgan Funds - Emerging Markets Equity Fund | 1,232,494 | 220,874 | 76,439,277.88 | 1.5864 | 1.1102 | 09/30/2026 |
| 6 | Baillie Gifford Emerging Markets Equities Fund | 1,106,063 | 1,106,063 | 68,598,027.26 | 0.8962 | 0.9963 | 06/30/2026 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 884,345 | 91,712 | 54,847,076.9 | 1.5151 | 0.7966 | 09/30/2026 |
| 8 | T. Rowe Price Emerging Markets Stock Fund | 879,640 | 127,200 | 54,555,272.8 | 0.8737 | 0.7923 | 09/30/2026 |
| 9 | Global X MSCI Argentina ETF | 719,736 | -208,000 | 44,638,026.72 | 7.3107 | 0.6483 | 10/30/2026 |
| 10 | American Beacon GLG Natural Resources ETF | 682,532 | 290,242 | 42,330,634.64 | 3.4863 | 0.6148 | 10/30/2026 |
| 11 | Baron Emerging Markets Fund | 665,691 | 170,598 | 41,286,155.82 | 1.198 | 0.5996 | 08/31/2026 |
| 12 | Strategic Advisers Fidelity Emerging Markets Fund | 627,990 | 145,880 | 38,947,939.8 | 0.0996 | 0.5657 | 09/30/2026 |
| 13 | T. Rowe Price International Discovery Fund | 623,331 | 58,908 | 38,658,988.62 | 0.5915 | 0.5615 | 09/30/2026 |
| 14 | Vontobel Fund - mtx Emerging Markets Leaders | 578,287 | 0 | 35,865,359.74 | 1.0166 | 0.5209 | 06/30/2026 |
| 15 | Fidelity Funds SICAV - Emerging Markets Fund | 577,652 | 122,666 | 35,825,977.04 | 1.0512 | 0.5203 | 09/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 2,589,817 | 1,230,199 | 160,620,450.34 | 0.1278 | 2.3328 | 06/30/2026 |
| 2 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 73,790,899.84 | 18.2252 | 1.0717 | 06/30/2026 |
| 3 | Baillie Gifford & Co. | 2,727,683 | 1,159,991 | 169,170,899.66 | 0.1007 | 2.457 | 06/30/2026 |
| 4 | Itau USA Asset Management, Inc. | 842,263 | 815,855 | 52,237,151.26 | 0.7454 | 0.7587 | 06/30/2026 |
| 5 | William Blair Investment Management LLC | 1,245,598 | 689,315 | 77,251,987.96 | 0.2028 | 1.122 | 06/30/2026 |
| 6 | FIL Investment Management (Hong Kong) Ltd. | 742,436 | 688,346 | 46,045,880.72 | 0.2103 | 0.6688 | 06/30/2026 |
| 7 | Fidelity Management & Research Co. LLC | 534,415 | 533,656 | 33,144,418.3 | 0.0016 | 0.4814 | 06/30/2026 |
| 8 | JPMorgan Securities LLC (Investment Management) | 838,067 | 502,233 | 51,976,915.34 | 0.0245 | 0.7549 | 06/30/2026 |
| 9 | Marathon Asset Management Ltd. | 474,648 | 474,648 | 29,437,668.96 | 0.2073 | 0.4275 | 09/30/2026 |
| 10 | RWC Asset Advisors (US) LLC | 455,705 | 455,705 | 28,262,824.1 | 0.8981 | 0.4105 | 09/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | FIL Investments International | 0 | -1,056,201 | 0 | 0 | 0 | |
| 2 | Capital Research & Management Co. (World Investors) | 1,594,234 | -906,743 | 98,874,392.68 | 0.009 | 1.436 | 06/30/2026 |
| 3 | FIL Investment Advisors (UK) Ltd. | 464,792 | -336,335 | 28,826,399.84 | 0.109 | 0.4187 | 06/30/2026 |
| 4 | HSBC Global Asset Management (UK) Ltd. | 0 | -247,246 | 0 | 0 | 0 | |
| 5 | Bank of America, NA (Private Banking) | 142,112 | -242,269 | 8,813,786.24 | 0.0023 | 0.128 | 06/30/2026 |
| 6 | Citigroup Global Markets, Inc. (Investment Management) | 49,674 | -217,940 | 3,080,781.48 | 0.0015 | 0.0447 | 09/30/2026 |
| 7 | Grantham, Mayo, Van Otterloo & Co. LLC | 735,909 | -213,299 | 45,641,076.18 | 0.0736 | 0.6629 | 06/30/2026 |
| 8 | Fundamenta Capital SA (Uruguay) | 0 | -209,000 | 0 | 0 | 0 | |
| 9 | Wealth High Governance Asset Management Ltda. | 0 | -194,778 | 0 | 0 | 0 | |
| 10 | DNB Asset Management AS | 0 | -191,106 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.