| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 51,069,561 | 622,775 | 122,566,946.4 | 0.0121 | 1.663 | 11/28/2025 |
| 2 | Lazard Asset Management LLC | 39,423,860 | 5,437,999 | 94,617,264 | 0.0741 | 1.2838 | 10/31/2025 |
| 3 | Sprucegrove Investment Management Ltd. | 19,070,742 | -8,187,913 | 45,769,780.8 | 1.2016 | 0.621 | 09/30/2025 |
| 4 | ARGA Investment Management LP | 16,201,308 | -4,196,330 | 38,883,139.2 | 0.2058 | 0.5276 | 07/31/2025 |
| 5 | Old Mutual Investment Group (Pty) Ltd. | 13,350,306 | 0 | 32,040,734.4 | 0.5513 | 0.4347 | 03/31/2025 |
| 6 | Schroder Investment Management Ltd. | 10,821,259 | -1,289,367 | 25,971,021.6 | 0.0106 | 0.3524 | 10/31/2025 |
| 7 | M&G Investment Management Ltd. | 10,316,767 | 388,894 | 24,760,240.8 | 0.0324 | 0.336 | 10/31/2025 |
| 8 | Nordea Investment Management AB | 9,882,471 | 269,770 | 23,717,930.4 | 0.0278 | 0.3218 | 10/31/2025 |
| 9 | Dimensional Fund Advisors LP | 9,237,013 | -977,940 | 22,168,831.2 | 0.0034 | 0.3008 | 11/28/2025 |
| 10 | American Century Investment Management, Inc. | 7,953,522 | 2,022,283 | 19,088,452.8 | 0.0073 | 0.259 | 11/28/2025 |
| 11 | RBC Global Asset Management (UK) Ltd. | 7,705,182 | -492,769 | 18,492,436.8 | 0.032 | 0.2509 | 10/31/2025 |
| 12 | Harding Loevner LP | 6,821,397 | -2,421,617 | 16,371,352.8 | 0.06 | 0.2221 | 10/31/2025 |
| 13 | East Capital Financial Services AB | 6,819,212 | 129,080 | 16,366,108.8 | 1.5354 | 0.2221 | 10/31/2025 |
| 14 | HSBC Global Asset Management (UK) Ltd. | 5,650,615 | 901,119 | 13,561,476 | 0.008 | 0.184 | 10/31/2025 |
| 15 | BlackRock Investment Management (UK) Ltd. | 5,606,703 | 0 | 13,456,087.2 | 0.0017 | 0.1826 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 47,339,605 | 0 | 113,615,052 | 0.1591 | 1.5416 | 09/30/2025 |
| 2 | Lazard Emerging Markets Equity Portfolio | 23,747,539 | 5,701,178 | 56,994,093.6 | 0.9336 | 0.7733 | 10/31/2025 |
| 3 | Vanguard International Value Fund | 16,201,308 | -4,196,330 | 38,883,139.2 | 0.3147 | 0.5276 | 07/31/2025 |
| 4 | Russell Invt. Co. Plc - Old Mutual African Frontiers Fund | 13,350,306 | 0 | 32,040,734.4 | 8.899 | 0.4347 | 03/31/2025 |
| 5 | Schroder ISF - Frontier Markets Equity | 10,541,864 | 4,657,863 | 25,300,473.6 | 3.2283 | 0.3433 | 10/31/2025 |
| 6 | Avantis Emerging Markets Equity ETF | 7,434,541 | 1,911,511 | 17,842,898.4 | 0.1174 | 0.2421 | 11/28/2025 |
| 7 | M&G Investment Funds (7) OEIC - Global Emerging Markets Fund | 6,851,241 | 73,412 | 16,442,978.4 | 1.3893 | 0.2231 | 07/31/2025 |
| 8 | East Capital - Global Frontier Markets Fund | 6,690,132 | 0 | 16,056,316.8 | 5.3018 | 0.2179 | 10/31/2025 |
| 9 | Nordea 2 - BetaPlus Enhanced EM. Sustainable Equity Fund | 5,965,455 | 303,001 | 14,317,092 | 0.5259 | 0.1943 | 10/31/2025 |
| 10 | Lazard Investment Funds - Emerging Markets Fund | 5,716,131 | 0 | 13,718,714.4 | 0.9551 | 0.1861 | 03/31/2025 |
| 11 | RBC Emerging Markets Dividend Fund | 5,709,501 | -266,436 | 13,702,802.4 | 0.9579 | 0.1859 | 06/30/2025 |
| 12 | HSBC Global Investment Funds - Frontier Markets | 5,650,615 | 901,119 | 13,561,476 | 1.5377 | 0.184 | 10/31/2025 |
| 13 | BlackRock Strategic Fds. - Emerging Markets Equity Strategies | 5,606,703 | 0 | 13,456,087.2 | 1.2466 | 0.1826 | 09/30/2025 |
| 14 | DFA Emerging Markets Core Equity 2 Portfolio | 5,098,710 | -202,358 | 12,236,904 | 0.0357 | 0.166 | 09/30/2025 |
| 15 | Magna Umbrella Fund Plc - New Frontiers Fund | 4,176,016 | -312,253 | 10,022,438.4 | 1.213 | 0.136 | 08/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 39,423,860 | 5,437,999 | 94,617,264 | 0.0741 | 1.2838 | 10/31/2025 |
| 2 | BlackRock Advisors (UK) Ltd. | 3,722,442 | 3,722,442 | 8,933,860.8 | 0.001 | 0.1212 | 11/28/2025 |
| 3 | Franklin Templeton Investments (ME) Ltd. | 2,457,833 | 2,457,833 | 5,898,799.2 | 1.3201 | 0.08 | 09/30/2025 |
| 4 | American Century Investment Management, Inc. | 7,953,522 | 2,022,283 | 19,088,452.8 | 0.0073 | 0.259 | 11/28/2025 |
| 5 | HSBC Global Asset Management (UK) Ltd. | 5,650,615 | 901,119 | 13,561,476 | 0.008 | 0.184 | 10/31/2025 |
| 6 | Connor, Clark & Lunn Investment Management Ltd. | 710,702 | 710,702 | 1,705,684.8 | 0.0047 | 0.0231 | 11/28/2025 |
| 7 | Capital Research & Management Co. (World Investors) | 51,069,561 | 622,775 | 122,566,946.4 | 0.0121 | 1.663 | 11/28/2025 |
| 8 | Abaco Capital SGIIC SA | 473,799 | 473,799 | 1,137,117.6 | 1.2119 | 0.0154 | 06/30/2025 |
| 9 | Artisan Partners LP | 2,456,344 | 397,503 | 5,895,225.6 | 0.0046 | 0.08 | 09/30/2025 |
| 10 | M&G Investment Management Ltd. | 10,316,767 | 388,894 | 24,760,240.8 | 0.0324 | 0.336 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs Asset Management LP | 4,104,138 | -12,259,268 | 9,849,931.2 | 0.0019 | 0.1336 | 06/30/2025 |
| 2 | Sprucegrove Investment Management Ltd. | 19,070,742 | -8,187,913 | 45,769,780.8 | 1.2016 | 0.621 | 09/30/2025 |
| 3 | ARGA Investment Management LP | 16,201,308 | -4,196,330 | 38,883,139.2 | 0.2058 | 0.5276 | 07/31/2025 |
| 4 | Harding Loevner LP | 6,821,397 | -2,421,617 | 16,371,352.8 | 0.06 | 0.2221 | 10/31/2025 |
| 5 | Federated Global Investment Management Corp. | 0 | -1,854,231 | 0 | 0 | 0 | |
| 6 | Schroder Investment Management Ltd. | 10,821,259 | -1,289,367 | 25,971,021.6 | 0.0106 | 0.3524 | 10/31/2025 |
| 7 | Dimensional Fund Advisors LP | 9,237,013 | -977,940 | 22,168,831.2 | 0.0034 | 0.3008 | 11/28/2025 |
| 8 | Goldman Sachs Asset Management (Singapore) Pte. Ltd. | 0 | -587,153 | 0 | 0 | 0 | |
| 9 | RBC Global Asset Management (UK) Ltd. | 7,705,182 | -492,769 | 18,492,436.8 | 0.032 | 0.2509 | 10/31/2025 |
| 10 | Fiera Capital (UK) Ltd. | 5,525,547 | -468,479 | 13,261,312.8 | 0.3159 | 0.1799 | 08/31/2025 |
Data provided by FactSet Research Systems Inc.