| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Polunin Capital Partners Ltd. | 16,829,511 | -400,453 | 64,120,436.91 | 6.1268 | 1.5547 | 06/30/2025 |
| 2 | Macquarie Investment Management Business Trust | 8,785,078 | -4,018 | 33,471,147.18 | 0.0326 | 0.8116 | 03/31/2025 |
| 3 | Renaissance Technologies LLC | 8,079,470 | 396,994 | 30,782,780.7 | 0.0406 | 0.7464 | 03/31/2025 |
| 4 | Millennium Management LLC | 5,634,548 | 1,180,453 | 21,467,627.88 | 0.0186 | 0.5205 | 03/31/2025 |
| 5 | Marshall Wace LLP | 3,267,968 | -1,707,683 | 12,450,958.08 | 0.0142 | 0.3019 | 03/31/2025 |
| 6 | Qube Research & Technologies Ltd. | 2,804,468 | 60,716 | 10,685,023.08 | 0.0148 | 0.2591 | 03/31/2025 |
| 7 | Connor, Clark & Lunn Investment Management Ltd. | 2,102,436 | -19,392 | 8,010,281.16 | 0.0274 | 0.1942 | 03/31/2025 |
| 8 | Two Sigma Investments LP | 1,907,051 | -310,463 | 7,265,864.31 | 0.014 | 0.1762 | 03/31/2025 |
| 9 | Goldman Sachs International | 1,615,586 | 997,073 | 6,155,382.66 | 0.0573 | 0.1492 | 03/31/2025 |
| 10 | BlackRock Asset Management Canada Ltd. | 1,400,688 | -102,184 | 5,336,621.28 | 0.0053 | 0.1294 | 03/31/2025 |
| 11 | Arrowstreet Capital LP | 1,202,864 | -1,071,770 | 4,582,911.84 | 0.0032 | 0.1111 | 03/31/2025 |
| 12 | SSgA Funds Management, Inc. | 1,176,056 | 55,577 | 4,480,773.36 | 0.0002 | 0.1086 | 03/31/2025 |
| 13 | American Century Investment Management, Inc. | 1,113,135 | 93,898 | 4,241,044.35 | 0.0018 | 0.1028 | 03/31/2025 |
| 14 | Cubist Systematic Strategies LLC | 933,172 | 143,919 | 3,555,385.32 | 0.0417 | 0.0862 | 03/31/2025 |
| 15 | D. E. Shaw & Co. LP | 925,655 | -1,210,327 | 3,526,745.55 | 0.0036 | 0.0855 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Macquarie Emerging Markets Fund | 6,850,000 | 0 | 26,098,500 | 0.3981 | 0.6328 | 05/30/2025 |
| 2 | Old Westbury Small & Mid Cap Strategies Fund | 2,775,475 | 0 | 10,574,559.75 | 0.1161 | 0.2564 | 04/30/2025 |
| 3 | Avantis Emerging Markets Equity ETF | 1,273,254 | 296,963 | 4,851,097.74 | 0.0433 | 0.1176 | 06/30/2025 |
| 4 | SPDR Portfolio Emerging Markets ETF | 1,188,394 | 134,015 | 4,527,781.14 | 0.0357 | 0.1098 | 06/30/2025 |
| 5 | Polunin Funds - Developing Countries | 874,505 | 0 | 3,331,864.05 | 1.0454 | 0.0808 | 12/31/2024 |
| 6 | State Board of Administration of Florida Retirement System | 793,500 | 0 | 3,023,235 | 0.0028 | 0.0733 | 03/31/2025 |
| 7 | Macquarie VIP Emerging Markets Series | 788,900 | 0 | 3,005,709 | 0.4169 | 0.0729 | 05/30/2025 |
| 8 | Scottish Widows Invt. Sol. Fds. ICVC - Fund. Index EM Eq. | 444,553 | 0 | 1,693,746.93 | 0.1337 | 0.0411 | 11/30/2024 |
| 9 | Praxis International Index Fund | 213,663 | 213,663 | 814,056.03 | 0.1628 | 0.0197 | 06/30/2025 |
| 10 | HSBC ETFs Plc - MSCI Emerging Markets | 174,897 | -32,780 | 666,357.57 | 0.0224 | 0.0162 | 06/30/2025 |
| 11 | BNY Mellon Global Fds. Plc - Brazil Equity Fund | 130,108 | 130,000 | 495,711.48 | 1.4474 | 0.012 | 05/31/2025 |
| 12 | Voya VACS Series EME Fund | 121,175 | -11,800 | 461,676.75 | 0.1745 | 0.0112 | 05/31/2025 |
| 13 | ActivePassive International Equity ETF | 120,214 | -31,225 | 458,015.34 | 0.0469 | 0.0111 | 06/30/2025 |
| 14 | Barclays MM Fd. Plc - GlobalAccess Emerging Markets Equity Fd. | 114,333 | 0 | 435,608.73 | 0.0464 | 0.0106 | 11/30/2024 |
| 15 | Vanguard Institutional Total Intl. Stock Market Index Trust | 105,554 | 0 | 402,160.74 | 0.001 | 0.0098 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Millennium Management LLC | 5,634,548 | 1,180,453 | 21,467,627.88 | 0.0186 | 0.5205 | 03/31/2025 |
| 2 | Goldman Sachs International | 1,615,586 | 997,073 | 6,155,382.66 | 0.0573 | 0.1492 | 03/31/2025 |
| 3 | Renaissance Technologies LLC | 8,079,470 | 396,994 | 30,782,780.7 | 0.0406 | 0.7464 | 03/31/2025 |
| 4 | Citadel Securities LLC | 779,426 | 377,797 | 2,969,613.06 | 0.0089 | 0.072 | 03/31/2025 |
| 5 | Citadel Advisors LLC | 419,962 | 365,108 | 1,600,055.22 | 0.002 | 0.0388 | 03/31/2025 |
| 6 | O'Shaughnessy Asset Management LLC | 311,498 | 283,866 | 1,186,807.38 | 0.0084 | 0.0288 | 03/31/2025 |
| 7 | UBS Securities LLC | 300,318 | 272,479 | 1,144,211.58 | 0.0005 | 0.0277 | 03/31/2025 |
| 8 | Optiver US LLC | 176,557 | 176,557 | 672,682.17 | 0.0206 | 0.0163 | 03/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 399,482 | 149,115 | 1,522,026.42 | 0.0005 | 0.0369 | 03/31/2025 |
| 10 | Cubist Systematic Strategies LLC | 933,172 | 143,919 | 3,555,385.32 | 0.0417 | 0.0862 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Marshall Wace LLP | 3,267,968 | -1,707,683 | 12,450,958.08 | 0.0142 | 0.3019 | 03/31/2025 |
| 2 | D. E. Shaw & Co. LP | 925,655 | -1,210,327 | 3,526,745.55 | 0.0036 | 0.0855 | 03/31/2025 |
| 3 | Acadian Asset Management LLC | 393,038 | -1,188,551 | 1,497,474.78 | 0.0031 | 0.0363 | 03/31/2025 |
| 4 | Arrowstreet Capital LP | 1,202,864 | -1,071,770 | 4,582,911.84 | 0.0032 | 0.1111 | 03/31/2025 |
| 5 | Manulife Investment Management (US) LLC | 0 | -870,300 | 0 | 0 | 0 | |
| 6 | Morgan Stanley & Co. LLC | 81,480 | -564,074 | 310,438.8 | 0.0001 | 0.0075 | 03/31/2025 |
| 7 | Polunin Capital Partners Ltd. | 16,829,511 | -400,453 | 64,120,436.91 | 6.1268 | 1.5547 | 06/30/2025 |
| 8 | Two Sigma Investments LP | 1,907,051 | -310,463 | 7,265,864.31 | 0.014 | 0.1762 | 03/31/2025 |
| 9 | Parametric Portfolio Associates LLC | 360,470 | -282,924 | 1,373,390.7 | 0.0004 | 0.0333 | 03/31/2025 |
| 10 | Walleye Capital LLC | 194,541 | -214,234 | 741,201.21 | 0.005 | 0.018 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.