| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Securities LLC (Investment Management) | 10,979,796 | 10,979,796 | 141,200,176.56 | 0.0708 | 1.3485 | 06/30/2025 |
| 2 | Morgan Stanley & Co. LLC | 6,594,041 | 6,594,041 | 84,799,367.26 | 0.0283 | 0.8099 | 06/30/2025 |
| 3 | SSgA Funds Management, Inc. | 5,756,926 | 5,756,926 | 74,034,068.36 | 0.0025 | 0.7071 | 06/30/2025 |
| 4 | Millennium Management LLC | 4,468,515 | 4,468,515 | 57,465,102.9 | 0.0478 | 0.5488 | 06/30/2025 |
| 5 | Merrill Lynch International (Investment Management) | 3,614,536 | 3,614,536 | 46,482,932.96 | 0.2419 | 0.4439 | 06/30/2025 |
| 6 | Van Eck Associates Corp. | 3,471,405 | 3,471,405 | 44,642,268.3 | 0.0351 | 0.4263 | 06/30/2025 |
| 7 | Verition Fund Management LLC | 2,479,511 | 2,479,511 | 31,886,511.46 | 0.1645 | 0.3045 | 06/30/2025 |
| 8 | Maple Rock Capital Partners, Inc. | 2,213,706 | 2,213,706 | 28,468,259.16 | 1.0548 | 0.2719 | 06/30/2025 |
| 9 | Geode Capital Management LLC | 2,127,900 | 2,127,900 | 27,364,794 | 0.0015 | 0.2613 | 06/30/2025 |
| 10 | Candlestick Capital Management LP | 2,029,657 | 2,029,657 | 26,101,389.02 | 0.87 | 0.2493 | 06/30/2025 |
| 11 | Dendur Capital LP | 1,920,000 | 1,920,000 | 24,691,200 | 2.3894 | 0.2358 | 06/30/2025 |
| 12 | Hartree Partners LP (Investment Management) | 1,522,974 | 1,522,974 | 19,585,445.64 | 5.369 | 0.187 | 06/30/2025 |
| 13 | Alberta Investment Management Corp. | 1,384,300 | 1,384,300 | 17,802,098 | 0.1798 | 0.17 | 06/30/2025 |
| 14 | Loews Corp. (Investment Portfolio) | 1,330,000 | 1,330,000 | 17,103,800 | 0.1431 | 0.1633 | 06/30/2025 |
| 15 | Goldman Sachs & Co. LLC (Private Banking) | 1,216,447 | 1,216,447 | 15,643,508.42 | 0.0063 | 0.1494 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | iShares MSCI Brazil ETF | 5,395,850 | 5,395,850 | 69,390,631 | 1.2658 | 0.6627 | 09/30/2025 |
| 2 | iShares Core MSCI Emerging Markets ETF | 3,652,712 | 3,652,712 | 46,973,876.32 | 0.0415 | 0.4486 | 09/30/2025 |
| 3 | Columbia Overseas Value Fund | 3,330,826 | 3,330,826 | 42,834,422.36 | 0.7846 | 0.4091 | 09/30/2025 |
| 4 | iShares MSCI Brazil UCITS ETF (DE) | 2,585,797 | 2,585,797 | 33,253,349.42 | 1.1603 | 0.3176 | 09/30/2025 |
| 5 | Metropolitan Series - Van Eck Global Natural Resources Port. | 1,690,150 | 1,690,150 | 21,735,329 | 2.5905 | 0.2076 | 06/30/2025 |
| 6 | VanEck Global Resources Fund | 1,069,390 | 1,069,390 | 13,752,355.4 | 2.6438 | 0.1313 | 09/30/2025 |
| 7 | FIA Investimento No Exterior PGB | 965,000 | 965,000 | 12,409,900 | 26.1663 | 0.1185 | 06/30/2025 |
| 8 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 962,536 | 962,536 | 12,378,212.96 | 0.0396 | 0.1182 | 09/30/2025 |
| 9 | Macquarie Emerging Markets Fund | 800,000 | 800,000 | 10,288,000 | 0.1275 | 0.0983 | 08/29/2025 |
| 10 | iShares MSCI Emerging Markets ETF | 771,136 | 771,136 | 9,916,808.96 | 0.0475 | 0.0947 | 09/30/2025 |
| 11 | iShares MSCI Emerging Markets (ex-China) ETF | 718,182 | 718,182 | 9,235,820.52 | 0.0678 | 0.0882 | 09/30/2025 |
| 12 | Fidelity Series Global (ex-US) Index Fund | 687,091 | 687,091 | 8,835,990.26 | 0.0143 | 0.0844 | 08/31/2025 |
| 13 | VanEck VIP Global Resources Fund | 631,550 | 631,550 | 8,121,733 | 2.6019 | 0.0776 | 06/30/2025 |
| 14 | Vanguard Investment Series Plc - Emerging Markets Stock Index | 619,964 | 619,964 | 7,972,737.04 | 0.0469 | 0.0761 | 08/31/2025 |
| 15 | iShares Tr. - Core MSCI Total International Stock ETF | 496,079 | 496,079 | 6,379,575.94 | 0.0126 | 0.0609 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Securities LLC (Investment Management) | 10,979,796 | 10,979,796 | 141,200,176.56 | 0.0708 | 1.3485 | 06/30/2025 |
| 2 | Morgan Stanley & Co. LLC | 6,594,041 | 6,594,041 | 84,799,367.26 | 0.0283 | 0.8099 | 06/30/2025 |
| 3 | SSgA Funds Management, Inc. | 5,756,926 | 5,756,926 | 74,034,068.36 | 0.0025 | 0.7071 | 06/30/2025 |
| 4 | Millennium Management LLC | 4,468,515 | 4,468,515 | 57,465,102.9 | 0.0478 | 0.5488 | 06/30/2025 |
| 5 | Merrill Lynch International (Investment Management) | 3,614,536 | 3,614,536 | 46,482,932.96 | 0.2419 | 0.4439 | 06/30/2025 |
| 6 | Van Eck Associates Corp. | 3,471,405 | 3,471,405 | 44,642,268.3 | 0.0351 | 0.4263 | 06/30/2025 |
| 7 | Verition Fund Management LLC | 2,479,511 | 2,479,511 | 31,886,511.46 | 0.1645 | 0.3045 | 06/30/2025 |
| 8 | Maple Rock Capital Partners, Inc. | 2,213,706 | 2,213,706 | 28,468,259.16 | 1.0548 | 0.2719 | 06/30/2025 |
| 9 | Geode Capital Management LLC | 2,127,900 | 2,127,900 | 27,364,794 | 0.0015 | 0.2613 | 06/30/2025 |
| 10 | Candlestick Capital Management LP | 2,029,657 | 2,029,657 | 26,101,389.02 | 0.87 | 0.2493 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | CGM - Azimut Monaco SA | 4,460 | -2,688 | 57,355.6 | 0.0154 | 0.0005 | 08/29/2025 |
| 2 | PNC Investments LLC | 0 | -69 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.