JAPAN SMALLER CAPITALIZATION

CUSIP: 47109U104 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (10)

Altium Capital Management LP
Value ($000) $441 Shares 39,775
Spectrum Asset Management, Inc. (NB/CA)
Value ($000) $521 Shares 47,055
SAX WEALTH ADVISORS, LLC
Value ($000) $302 Shares 27,225
Colonial Trust Advisors
Value ($000) $104 Shares 9,399
Focus Partners Wealth
Value ($000) $1,355 Shares 122,289
LPL Financial LLC
Value ($000) $641 Shares 57,879
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC
Value ($000) $43 Shares 3,900
JPMORGAN CHASE & CO
Value ($000) $8 Shares 710
HIGHLINE WEALTH PARTNERS LLC
Value ($000) $3 Shares 300
FLAGSHIP HARBOR ADVISORS, LLC
Value ($000) $2 Shares 200

Increased Positions (9)

Mraz, Amerine & Associates, Inc.
Value ($000) $1,936 (+18.5%) Shares 174,710 (+12.7%)
LAZARD ASSET MANAGEMENT LLC
Value ($000) $38,457 (+57.7%) Shares 3,470,865 (+50.1%)
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC
Value ($000) $943 (+22.0%) Shares 85,070 (+16.0%)
Pekin Hardy Strauss, Inc.
Value ($000) $2,282 (+9.6%) Shares 205,920 (+4.3%)
Triasima Portfolio Management inc.
Value ($000) $242 (+45.0%) Shares 21,800 (+38.0%)
CIBC WORLD MARKET INC.
Value ($000) $891 (+44.0%) Shares 80,398 (+37.0%)
RAYMOND JAMES FINANCIAL INC
Value ($000) $1,185 (+11.2%) Shares 106,962 (+5.8%)
OSAIC HOLDINGS, INC.
Value ($000) $99 (+6.2%) Shares 8,918 (+1.1%)
WELLS FARGO & COMPANY/MN
Value ($000) $0 (+54.5%) Shares 2 (+100.0%)

Decreased Positions (17)

1607 Capital Partners, LLC
Value ($000) $44,217 (+1.1%) Shares 3,990,675 (-3.9%)
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD
Value ($000) $38,547 (+3.9%) Shares 3,479,014 (-1.2%)
BAROMETER CAPITAL MANAGEMENT INC.
Value ($000) $595 (+34.0%) Shares 2,450 (-94.2%)
Saba Capital Management, L.P.
Value ($000) $18,088 (-24.6%) Shares 1,632,530 (-28.3%)
Almitas Capital LLC
Value ($000) $4,831 (-4.8%) Shares 435,985 (-9.5%)
RAFFLES ASSOCIATES LP
Value ($000) $1,545 (-0.5%) Shares 139,462 (-5.3%)
Hara Capital LLC
Value ($000) $1,252 (-7.5%) Shares 113,014 (-12.0%)
Barry Investment Advisors, LLC
Value ($000) $1,276 (-17.3%) Shares 115,120 (-21.5%)
Karpus Management, Inc.
Value ($000) $6,276 (-10.1%) Shares 566,415 (-14.5%)
Noble Wealth Management PBC
Value ($000) $525 (-6.5%) Shares 47,378 (-11.0%)
BARD ASSOCIATES INC
Value ($000) $435 (-13.5%) Shares 39,292 (-17.7%)
Shaker Financial Services, LLC
Value ($000) $1,038 (+0.9%) Shares 93,681 (-4.0%)
BANK OF AMERICA CORP /DE/
Value ($000) $6,307 (-24.5%) Shares 569,213 (-28.1%)
BEAM WEALTH ADVISORS, INC.
Value ($000) $338 (-1.3%) Shares 30,500 (-6.2%)
MORGAN STANLEY
Value ($000) $3,264 (-0.5%) Shares 294,575 (-5.4%)
Baird Financial Group, Inc.
Value ($000) $708 (+2.3%) Shares 63,928 (-2.6%)
UBS Group AG
Value ($000) $91 (-0.9%) Shares 8,191 (-5.8%)

Exited Positions (6)

Quantedge Capital Pte Ltd
Value ($000) $164 Shares 15,522
Seed Wealth Management, Inc.
Value ($000) $110 Shares 10,400
Kovitz Investment Group Partners, LLC
Value ($000) $1,391 Shares 131,934
Marex Group plc
Value ($000) $286 Shares 27,109
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $107 Shares 10,107
BARCLAYS PLC
Value ($000) $8 Shares 1,000