| # | 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 | 327,275,161.09 | 0.0398 | 4.1591 | 06/30/2026 |
| 2 | JPMorgan Investment Management, Inc. | 3,386,871 | 580,828 | 239,146,961.31 | 0.0228 | 3.0391 | 06/30/2026 |
| 3 | Abu Dhabi Investment Council Co. PJSC (Investment Management) | 2,892,409 | -10,377,954 | 204,232,999.49 | 18.2653 | 2.5954 | 06/30/2026 |
| 4 | Baillie Gifford & Co. | 2,727,683 | 2,727,683 | 192,601,696.63 | 0.1081 | 2.4476 | 06/30/2026 |
| 5 | Lazard Asset Management LLC | 2,589,817 | 2,589,817 | 182,866,978.37 | 0.1439 | 2.3239 | 06/30/2026 |
| 6 | T. Rowe Price Hong Kong Ltd. | 2,323,420 | 335,442 | 164,056,686.2 | 0.8194 | 2.0849 | 06/30/2026 |
| 7 | Ninety One UK Ltd. | 1,892,005 | 654,135 | 133,594,473.05 | 0.1976 | 1.6977 | 06/30/2026 |
| 8 | Capital Research & Management Co. (World Investors) | 1,594,234 | -885,371 | 112,568,862.74 | 0.0098 | 1.4305 | 06/30/2026 |
| 9 | T. Rowe Price Associates, Inc. (IM) | 1,339,955 | -11,191 | 94,614,222.55 | 0.0102 | 1.2024 | 06/30/2026 |
| 10 | Driehaus Capital Management LLC | 1,259,484 | 535,474 | 88,932,165.24 | 0.3975 | 1.1302 | 06/30/2026 |
| 11 | William Blair Investment Management LLC | 1,245,598 | 1,245,598 | 87,951,674.78 | 0.2196 | 1.1177 | 06/30/2026 |
| 12 | Route One Investment Co. LP | 1,216,700 | 192,500 | 85,911,187 | 2.7616 | 1.0918 | 06/30/2026 |
| 13 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 84,011,213.12 | 20.2568 | 1.0676 | 06/30/2026 |
| 14 | Cape Ann Asset Management Ltd. | 979,693 | 289,793 | 69,176,122.73 | 13.0971 | 0.8791 | 06/30/2026 |
| 15 | JPMorgan Asset Management (UK) Ltd. | 967,627 | 177,092 | 68,324,142.47 | 0.0364 | 0.8683 | 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 | 269,987,079.18 | 0.313 | 3.431 | 06/30/2026 |
| 2 | JPMorgan Emerging Markets Equity Fund | 2,055,873 | 111,592 | 145,165,192.53 | 1.2786 | 1.8448 | 06/30/2026 |
| 3 | American Funds Small Cap World Fund | 1,924,865 | -54,654 | 135,914,717.65 | 0.1511 | 1.7272 | 06/30/2026 |
| 4 | JPMorgan Funds - Emerging Markets Equity Fund | 1,295,492 | 218,872 | 91,474,690.12 | 1.6361 | 1.1625 | 07/31/2026 |
| 5 | Lazard Emerging Markets Equity Portfolio | 1,256,155 | 1,256,155 | 88,697,104.55 | 0.9132 | 1.1272 | 07/31/2026 |
| 6 | Baillie Gifford Emerging Markets Equities Fund | 1,106,063 | 1,106,063 | 78,099,108.43 | 0.9034 | 0.9925 | 06/30/2026 |
| 7 | JPMorgan Fund ICVC - Emerging Markets Fund | 884,345 | 193,212 | 62,443,600.45 | 1.4943 | 0.7935 | 07/31/2026 |
| 8 | T. Rowe Price Emerging Markets Stock Fund | 859,240 | 97,366 | 60,670,936.4 | 0.8628 | 0.771 | 06/30/2026 |
| 9 | Global X MSCI Argentina ETF | 735,058 | -107,538 | 51,902,445.38 | 6.276 | 0.6596 | 07/31/2026 |
| 10 | T. Rowe Price International Discovery Fund | 658,423 | 212,900 | 46,491,248.03 | 0.655 | 0.5908 | 06/30/2026 |
| 11 | Redwheel Funds SICAV - Next Generation Emerging Markets Eq Fd | 601,678 | -107,924 | 42,484,483.58 | 1.6533 | 0.5399 | 07/31/2026 |
| 12 | Vontobel Fund - mtx Emerging Markets Leaders | 578,287 | -116,585 | 40,832,845.07 | 1.0068 | 0.5189 | 04/30/2026 |
| 13 | GMO Resources Fund | 535,708 | -91,200 | 37,826,341.88 | 3.004 | 0.4807 | 06/30/2026 |
| 14 | Baron Emerging Markets Fund | 483,147 | 483,147 | 34,115,009.67 | 0.8719 | 0.4335 | 06/30/2026 |
| 15 | American Beacon GLG Natural Resources ETF | 458,438 | 458,438 | 32,370,307.18 | 3.3672 | 0.4114 | 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 | 192,601,696.63 | 0.1081 | 2.4476 | 06/30/2026 |
| 2 | Lazard Asset Management LLC | 2,589,817 | 2,589,817 | 182,866,978.37 | 0.1439 | 2.3239 | 06/30/2026 |
| 3 | Capital Research & Management Co. (Global Investors) | 4,634,969 | 1,299,154 | 327,275,161.09 | 0.0398 | 4.1591 | 06/30/2026 |
| 4 | William Blair Investment Management LLC | 1,245,598 | 1,245,598 | 87,951,674.78 | 0.2196 | 1.1177 | 06/30/2026 |
| 5 | Thiel Macro LLC | 1,189,792 | 1,189,792 | 84,011,213.12 | 20.2568 | 1.0676 | 06/30/2026 |
| 6 | Itau USA Asset Management, Inc. | 842,263 | 842,263 | 59,472,190.43 | 0.8078 | 0.7558 | 06/30/2026 |
| 7 | JPMorgan Securities LLC (Investment Management) | 838,067 | 805,026 | 59,175,910.87 | 0.027 | 0.752 | 06/30/2026 |
| 8 | FIL Investment Management (Hong Kong) Ltd. | 742,436 | 742,436 | 52,423,405.96 | 0.2108 | 0.6662 | 06/30/2026 |
| 9 | Ninety One UK Ltd. | 1,892,005 | 654,135 | 133,594,473.05 | 0.1976 | 1.6977 | 06/30/2026 |
| 10 | Marshall Wace LLP | 607,823 | 607,823 | 42,918,382.03 | 0.0351 | 0.5454 | 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 | Abu Dhabi Investment Council Co. PJSC (Investment Management) | 2,892,409 | -10,377,954 | 204,232,999.49 | 18.2653 | 2.5954 | 06/30/2026 |
| 3 | Capital Research & Management Co. (World Investors) | 1,594,234 | -885,371 | 112,568,862.74 | 0.0098 | 1.4305 | 06/30/2026 |
| 4 | Carrhae Capital LLP | 0 | -830,212 | 0 | 0 | 0 | |
| 5 | Oaktree Capital Management LP | 0 | -782,250 | 0 | 0 | 0 | |
| 6 | Citadel Securities LLC | 27,431 | -438,561 | 1,936,902.91 | 0.0046 | 0.0246 | 06/30/2026 |
| 7 | Lighthouse Investment Partners LLC | 54,131 | -345,869 | 3,822,189.91 | 0.1169 | 0.0486 | 06/30/2026 |
| 8 | DNB Asset Management AS | 0 | -197,374 | 0 | 0 | 0 | |
| 9 | UBS Securities LLC | 114,305 | -148,328 | 8,071,076.05 | 0.0029 | 0.1026 | 06/30/2026 |
| 10 | Ping Capital Management, Inc. | 86,700 | -138,200 | 6,121,887 | 2.0091 | 0.0778 | 06/30/2026 |
Data provided by FactSet Research Systems Inc.