| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (Global Investors) | 4,634,969 | 1,299,154 | 334,969,209.63 | 0.0419 | 4.175 | 06/30/2026 |
| 2 | JPMorgan Investment Management, Inc. | 3,386,871 | 580,828 | 244,769,167.17 | 0.0237 | 3.0508 | 06/30/2026 |
| 3 | Abu Dhabi Investment Council Co. PJSC (Investment Management) | 2,892,409 | 0 | 209,034,398.43 | 18.7362 | 2.6054 | 06/30/2026 |
| 4 | Baillie Gifford & Co. | 2,727,683 | 2,727,683 | 197,129,650.41 | 0.1149 | 2.457 | 06/30/2026 |
| 5 | Lazard Asset Management LLC | 2,589,817 | 2,589,817 | 187,166,074.59 | 0.1499 | 2.3328 | 06/30/2026 |
| 6 | T. Rowe Price Hong Kong Ltd. | 2,323,420 | 335,442 | 167,913,563.4 | 0.8575 | 2.0928 | 06/30/2026 |
| 7 | Ninety One UK Ltd. | 1,892,005 | 654,135 | 136,735,201.35 | 0.2084 | 1.7042 | 06/30/2026 |
| 8 | Capital Research & Management Co. (World Investors) | 1,594,234 | -885,371 | 115,215,291.18 | 0.0103 | 1.436 | 06/30/2026 |
| 9 | T. Rowe Price Associates, Inc. (IM) | 1,339,955 | -11,191 | 96,838,547.85 | 0.0106 | 1.207 | 06/30/2026 |
| 10 | Driehaus Capital Management LLC | 1,259,484 | 535,474 | 91,022,908.68 | 0.423 | 1.1345 | 06/30/2026 |
| 11 | William Blair Investment Management LLC | 1,245,598 | 1,245,598 | 90,019,367.46 | 0.231 | 1.122 | 06/30/2026 |
| 12 | Route One Investment Co. LP | 1,216,700 | 192,500 | 87,930,909 | 3.085 | 1.096 | 06/30/2026 |
| 13 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 85,986,267.84 | 20.9743 | 1.0717 | 06/30/2026 |
| 14 | Cape Ann Asset Management Ltd. | 979,693 | 289,793 | 70,802,413.11 | 14.2803 | 0.8825 | 06/30/2026 |
| 15 | JPMorgan Asset Management (UK) Ltd. | 967,627 | 177,092 | 69,930,403.29 | 0.0378 | 0.8716 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 3,823,638 | 563,269 | 276,334,318.26 | 0.3259 | 3.4442 | 06/30/2026 |
| 2 | JPMorgan Emerging Markets Equity Fund | 2,266,911 | -20,832 | 163,829,657.97 | 1.4694 | 2.0419 | 07/31/2026 |
| 3 | American Funds Small Cap World Fund | 1,924,865 | -54,654 | 139,109,993.55 | 0.1611 | 1.7338 | 06/30/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,295,492 | 218,872 | 93,625,206.84 | 1.6977 | 1.1669 | 07/31/2026 |
| 5 | Lazard Emerging Markets Equity Portfolio | 1,256,155 | 782,687 | 90,782,321.85 | 0.9247 | 1.1315 | 07/31/2026 |
| 6 | Baillie Gifford Emerging Markets Equities Fund | 1,106,063 | 1,106,063 | 79,935,173.01 | 0.9394 | 0.9963 | 06/30/2026 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 884,345 | 41,281 | 63,911,613.15 | 1.5544 | 0.7966 | 07/31/2026 |
| 8 | T. Rowe Price Emerging Markets Stock Fund | 859,240 | 97,366 | 62,097,274.8 | 0.8988 | 0.774 | 06/30/2026 |
| 9 | Global X MSCI Argentina ETF | 712,729 | -121,362 | 51,508,924.83 | 6.4718 | 0.642 | 08/31/2026 |
| 10 | T. Rowe Price International Discovery Fund | 658,423 | 212,900 | 47,584,230.21 | 0.6929 | 0.5931 | 06/30/2026 |
| 11 | American Beacon GLG Natural Resources ETF | 629,492 | 549,243 | 45,493,386.84 | 3.6537 | 0.567 | 08/31/2026 |
| 12 | Baron Emerging Markets Fund | 604,451 | 193,976 | 43,683,673.77 | 1.1328 | 0.5445 | 07/31/2026 |
| 13 | Redwheel Funds SICAV - Next Generation Emerging Markets Eq Fd | 601,678 | -295,852 | 43,483,269.06 | 1.7372 | 0.542 | 07/31/2026 |
| 14 | Vontobel Fund - mtx Emerging Markets Leaders | 578,287 | -116,585 | 41,792,801.49 | 1.0667 | 0.5209 | 05/31/2026 |
| 15 | Fidelity Funds SICAV - Emerging Markets Fund | 566,063 | 566,063 | 40,909,373.01 | 1.0664 | 0.5099 | 07/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 2,727,683 | 2,727,683 | 197,129,650.41 | 0.1149 | 2.457 | 06/30/2026 |
| 2 | Lazard Asset Management LLC | 2,589,817 | 2,589,817 | 187,166,074.59 | 0.1499 | 2.3328 | 06/30/2026 |
| 3 | Capital Research & Management Co. (Global Investors) | 4,634,969 | 1,299,154 | 334,969,209.63 | 0.0419 | 4.175 | 06/30/2026 |
| 4 | William Blair Investment Management LLC | 1,245,598 | 1,245,598 | 90,019,367.46 | 0.231 | 1.122 | 06/30/2026 |
| 5 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 85,986,267.84 | 20.9743 | 1.0717 | 06/30/2026 |
| 6 | Itau USA Asset Management, Inc. | 842,263 | 842,263 | 60,870,347.01 | 0.8226 | 0.7587 | 06/30/2026 |
| 7 | JPMorgan Securities LLC (Investment Management) | 838,067 | 805,026 | 60,567,102.09 | 0.0281 | 0.7549 | 06/30/2026 |
| 8 | FIL Investment Management (Hong Kong) Ltd. | 742,436 | 742,436 | 53,655,849.72 | 0.225 | 0.6688 | 06/30/2026 |
| 9 | Ninety One UK Ltd. | 1,892,005 | 654,135 | 136,735,201.35 | 0.2084 | 1.7042 | 06/30/2026 |
| 10 | Marshall Wace LLP | 607,823 | 607,823 | 43,927,368.21 | 0.0368 | 0.5475 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Al Mehwar Commercial Investments LLC | 0 | -12,822,581 | 0 | 0 | 0 | |
| 2 | Capital Research & Management Co. (World Investors) | 1,594,234 | -885,371 | 115,215,291.18 | 0.0103 | 1.436 | 06/30/2026 |
| 3 | Carrhae Capital LLP | 0 | -830,212 | 0 | 0 | 0 | |
| 4 | Oaktree Capital Management LP | 0 | -782,250 | 0 | 0 | 0 | |
| 5 | Citadel Securities LLC | 27,431 | -438,561 | 1,982,438.37 | 0.0048 | 0.0247 | 06/30/2026 |
| 6 | Lighthouse Investment Partners LLC | 54,131 | -345,869 | 3,912,047.37 | 0.1246 | 0.0488 | 06/30/2026 |
| 7 | DNB Asset Management AS | 0 | -197,374 | 0 | 0 | 0 | |
| 8 | UBS Securities LLC | 114,305 | -148,328 | 8,260,822.35 | 0.0031 | 0.103 | 06/30/2026 |
| 9 | Ping Capital Management, Inc. | 86,700 | -138,200 | 6,265,809 | 2.041 | 0.0781 | 06/30/2026 |
| 10 | Grantham, Mayo, Van Otterloo & Co. LLC | 735,909 | -133,999 | 53,184,143.43 | 0.0877 | 0.6629 | 06/30/2026 |
Data provided by FactSet Research Systems Inc.