Top holdings
44.57%Per cent of portfolio in top holdings
| Holding | % of portfolio |
|---|---|
| Vale SA ADR | 8.96% |
| Localiza Rent A Car SA | 4.75% |
| Wal - Mart de Mexico SAB de CV | 4.69% |
| Grupo Aeroportuario del Sureste SAB de CV Class B | 4.62% |
| Southern Copper Corp | 4.30% |
| Nu Holdings Ltd Ordinary Shares Class A | 3.66% |
| StoneCo Ltd Class A | 3.63% |
| Grupo Financiero Banorte SAB de CV Class O | 3.47% |
| Ero Copper Corp | 3.25% |
| Rumo SA | 3.24% |
As of Dec 31 2025. Top holdings excludes cash and cash equivalents.
Sector weighting
| Sector | % of portfolio |
|---|---|
| Basic Materials | 22.76% |
| Financial Services | 22.32% |
| Industrials | 18.23% |
| Consumer Defensive | 12.70% |
| Consumer Cyclical | 6.87% |
| Technology | 5.91% |
| Real Estate | 4.97% |
| Energy | 3.80% |
| Healthcare | 2.27% |
As of Dec 31 2025.
Regional holdings
| Holding | % of portfolio |
|---|---|
| Brazil | 60.18% |
| Mexico | 25.67% |
| USA | 6.58% |
| Canada | 3.25% |
| Peru | 2.32% |
| Chile | 1.84% |
As of Dec 31 2025.
