| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (Global Investors) | 4,634,969 | -71,928 | 321,759,547.98 | 0.04 | 4.175 | 06/30/2026 |
| 2 | JPMorgan Investment Management, Inc. | 3,386,871 | -117,962 | 235,116,584.82 | 0.0224 | 3.0508 | 06/30/2026 |
| 3 | Abu Dhabi Investment Council Co. PJSC (Investment Management) | 2,892,409 | 447,782 | 200,791,032.78 | 17.8742 | 2.6054 | 06/30/2026 |
| 4 | Baillie Gifford & Co. | 2,727,683 | 1,159,991 | 189,355,753.86 | 0.1073 | 2.457 | 06/30/2026 |
| 5 | Lazard Asset Management LLC | 2,589,817 | 1,230,199 | 179,785,096.14 | 0.1428 | 2.3328 | 06/30/2026 |
| 6 | T. Rowe Price Hong Kong Ltd. | 2,323,420 | 348,626 | 161,291,816.4 | 0.823 | 2.0928 | 06/30/2026 |
| 7 | Ninety One UK Ltd. | 1,892,005 | -42,572 | 131,342,987.1 | 0.1997 | 1.7042 | 06/30/2026 |
| 8 | Capital Research & Management Co. (World Investors) | 1,594,234 | -906,743 | 110,671,724.28 | 0.0099 | 1.436 | 06/30/2026 |
| 9 | T. Rowe Price Associates, Inc. (IM) | 1,339,955 | -63,878 | 93,019,676.1 | 0.0101 | 1.207 | 06/30/2026 |
| 10 | Driehaus Capital Management LLC | 1,259,484 | 7,898 | 87,433,379.28 | 0.4313 | 1.1345 | 06/30/2026 |
| 11 | William Blair Investment Management LLC | 1,245,598 | 689,315 | 86,469,413.16 | 0.2197 | 1.122 | 06/30/2026 |
| 12 | Route One Investment Co. LP | 1,216,700 | 0 | 84,463,314 | 2.8803 | 1.096 | 06/30/2026 |
| 13 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 82,595,360.64 | 19.8092 | 1.0717 | 06/30/2026 |
| 14 | Cape Ann Asset Management Ltd. | 979,693 | 47,851 | 68,010,288.06 | 14.1633 | 0.8825 | 06/30/2026 |
| 15 | JPMorgan Asset Management (UK) Ltd. | 967,627 | -66,848 | 67,172,666.34 | 0.0363 | 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 | -727,723 | 265,436,949.96 | 0.3139 | 3.4442 | 06/30/2026 |
| 2 | JPMorgan Emerging Markets Equity Fund | 2,266,911 | -20,832 | 157,368,961.62 | 1.483 | 2.0419 | 08/31/2026 |
| 3 | American Funds Small Cap World Fund | 1,924,865 | 0 | 133,624,128.3 | 0.1551 | 1.7338 | 06/30/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,295,492 | 218,872 | 89,933,054.64 | 1.6469 | 1.1669 | 07/31/2026 |
| 5 | Lazard Emerging Markets Equity Portfolio | 1,256,155 | 615,324 | 87,202,280.1 | 0.8967 | 1.1315 | 08/31/2026 |
| 6 | Baillie Gifford Emerging Markets Equities Fund | 1,106,063 | 1,106,063 | 76,782,893.46 | 0.8957 | 0.9963 | 06/30/2026 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 884,345 | 41,281 | 61,391,229.9 | 1.5124 | 0.7966 | 07/31/2026 |
| 8 | T. Rowe Price Emerging Markets Stock Fund | 859,240 | 106,800 | 59,648,440.8 | 0.8628 | 0.774 | 06/30/2026 |
| 9 | Global X MSCI Argentina ETF | 763,690 | -47,559 | 53,015,359.8 | 7.1489 | 0.6879 | 09/30/2026 |
| 10 | American Beacon GLG Natural Resources ETF | 669,272 | 364,897 | 46,460,862.24 | 3.7674 | 0.6029 | 09/30/2026 |
| 11 | Baron Emerging Markets Fund | 665,691 | 170,598 | 46,212,269.22 | 1.2133 | 0.5996 | 08/31/2026 |
| 12 | T. Rowe Price International Discovery Fund | 658,423 | 94,000 | 45,707,724.66 | 0.6634 | 0.5931 | 06/30/2026 |
| 13 | Vontobel Fund - mtx Emerging Markets Leaders | 578,287 | 0 | 40,144,683.54 | 1.02 | 0.5209 | 06/30/2026 |
| 14 | Redwheel Funds SICAV - Next Generation Emerging Markets Eq Fd | 564,014 | 244 | 39,153,851.88 | 1.6155 | 0.508 | 08/28/2026 |
| 15 | GMO Resources Fund | 535,708 | -153,400 | 37,188,849.36 | 3.0803 | 0.4825 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Lazard Asset Management LLC | 2,589,817 | 1,230,199 | 179,785,096.14 | 0.1428 | 2.3328 | 06/30/2026 |
| 2 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 82,595,360.64 | 19.8092 | 1.0717 | 06/30/2026 |
| 3 | Baillie Gifford & Co. | 2,727,683 | 1,159,991 | 189,355,753.86 | 0.1073 | 2.457 | 06/30/2026 |
| 4 | Itau USA Asset Management, Inc. | 842,263 | 815,855 | 58,469,897.46 | 0.7344 | 0.7587 | 06/30/2026 |
| 5 | William Blair Investment Management LLC | 1,245,598 | 689,315 | 86,469,413.16 | 0.2197 | 1.122 | 06/30/2026 |
| 6 | FIL Investment Management (Hong Kong) Ltd. | 742,436 | 688,346 | 51,539,907.12 | 0.2171 | 0.6688 | 06/30/2026 |
| 7 | Fidelity Management & Research Co. LLC | 534,415 | 533,656 | 37,099,089.3 | 0.0018 | 0.4814 | 06/30/2026 |
| 8 | JPMorgan Securities LLC (Investment Management) | 838,067 | 502,233 | 58,178,611.14 | 0.0267 | 0.7549 | 06/30/2026 |
| 9 | Abu Dhabi Investment Council Co. PJSC (Investment Management) | 2,892,409 | 447,782 | 200,791,032.78 | 17.8742 | 2.6054 | 06/30/2026 |
| 10 | RWC Asset Advisors (US) LLC | 365,929 | 365,929 | 25,402,791.18 | 0.7346 | 0.3296 | 06/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | FIL Investments International | 0 | -1,056,201 | 0 | 0 | 0 | |
| 2 | TT International Asset Management Ltd. | 11,000 | -971,929 | 763,620 | 0.0596 | 0.0099 | 06/30/2026 |
| 3 | Capital Research & Management Co. (World Investors) | 1,594,234 | -906,743 | 110,671,724.28 | 0.0099 | 1.436 | 06/30/2026 |
| 4 | FIL Investment Advisors (UK) Ltd. | 464,792 | -336,335 | 32,265,860.64 | 0.1262 | 0.4187 | 06/30/2026 |
| 5 | HSBC Global Asset Management (UK) Ltd. | 0 | -247,246 | 0 | 0 | 0 | |
| 6 | Bank of America, NA (Private Banking) | 142,112 | -242,269 | 9,865,415.04 | 0.0025 | 0.128 | 06/30/2026 |
| 7 | Grantham, Mayo, Van Otterloo & Co. LLC | 735,909 | -213,299 | 51,086,802.78 | 0.0827 | 0.6629 | 06/30/2026 |
| 8 | TT International (Hong Kong) Ltd. | 0 | -195,028 | 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.