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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | SOCIEDAD QUIMICA Y MINERA DE | $84.9M | 1049444 | 18.29% |
| 2 | PETROLEO BRASILEIRO S A | $82.5M | 3975482 | 17.76% |
| 3 | VALE S A | $76.8M | 4824901 | 16.53% |
| 4 | EMBRAER S.A. | $54.1M | 911414 | 11.65% |
| 5 | GOLD FIELDS LTD | $48.3M | 1064393 | 10.41% |
| 6 | KANZHUN LIMITED | $38.9M | 2906069 | 8.38% |
| 7 | TAIWAN SEMICONDUCTOR MANUFAC | $29.0M | 85944 | 6.25% |
| 8 | ALIBABA GROUP HLDG LTD | $25.5M | 203190 | 5.49% |
| 9 | GRUPO FINANCIERO GALICIA S.A | $15.9M | 339966 | 3.42% |
| 10 | CORPORACION AMER ARPTS S A | $2.1M | 82327 | 0.45% |
| 11 | PDD HOLDINGS INC | $2.0M | 19727 | 0.43% |
| 12 | LOMA NEGRA C I A S A MTN 14 | $1.6M | 144315 | 0.34% |
| 13 | SOUTHERN COPPER CORP | $1.5M | 8527 | 0.32% |
| 14 | GRUPO AEROMEXICO SAB DE CV | $1.3M | 92412 | 0.28% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.