VAESX Holdings List

As of Dec 31, 2024

No.	Symbol	Name	% Weight	Shares
1	BCG	Binah Capital Group, Inc.	8.04%	6,201,293
2	GPP	Grupa Pracuj SA/Poland	5.55%	1,218,226
3	RMV	Rightmove PLC	4.13%	1,563,359
4	CXSE3	Caixa Seguridade Participacoes S/A	4.07%	5,362,497
5	HEIM	Heineken Malaysia Bhd	3.79%	2,135,800
6	1882	HAITIAN INT'L - Haitian International Holdings Ltd	3.68%	4,118,218
7	CAMS	Computer Age Management Services Ltd	3.64%	186,597
8	200596	Anhui Gujing Distillery Co Ltd	3.58%	755,609
9	TGMA3	Tegma Gestao Logistica SA	3.32%	2,180,916
10	058470	LEENO Industrial Inc	3.23%	75,783
11	CAB	Carlsberg Brewery Malaysia Bhd	2.89%	1,905,700
12	TOTS3	TOTVS SA	2.88%	2,021,171
13	AUCT/F	Union Auction PCL	2.67%	33,162,000
14	ALE	ALLETE, Inc.	2.54%	1,179,886
15	HPAR	Haw Par Corp Ltd	2.53%	943,374
16	OFSS	Oracle Financial Services Software Ltd	2.51%	51,181
17	030190	NICE Information Service Co Ltd	2.48%	914,296
18	TOWR	Sarana Menara Nusantara Tbk PT	2.45%	183,463,486
19	CMOCTEZ*	Corp Moctezuma SAB de CV	2.36%	1,998,862
20	Q*	Qualitas Controladora SAB de CV	2.30%	836,718
21	80TE	Kaspi.KZ JSC	2.11%	61,759
22	BZ	Kanzhun Limited	2.05%	452,324
23	012750	S-1 Corp	1.96%	148,118
24	600570	Hundsun Technologies Inc	1.86%	1,474,685
25	HUMAN/F	Humanica PCL	1.62%	20,024,500
26	6146	Sporton International Inc	1.60%	769,268
27	5287	Addcn Technology Co Ltd	1.59%	861,324
28	ATHM	Autohome Inc.	1.59%	186,419
29	KFINTECH	Kfin Technologies Ltd	1.53%	258,693
30	600132	Chongqing Brewery Co Ltd	1.50%	528,700
31	MTEL	Dayamitra Telekomunikasi PT	1.44%	109,541,400
32	143240	Saramin Co Ltd	1.43%	366,870
33	CLS	Celestica Inc.	1.43%	219,376
34	WPL	Wirtualna Polska Holding SA	1.13%	180,680
35	TBBB	BBB Foods Inc.	0.98%	105,862
36	012510	Douzone Bizon Co Ltd	0.93%	65,950
37	8454	momo.com Inc	0.93%	277,515
38	AVIA	Avia Avian Tbk PT	0.85%	104,650,660
39	2608	Kerry TJ Logistics Co Ltd	0.84%	2,176,000
40	INMART	IndiaMart InterMesh Ltd	0.80%	93,177
41	KSPI	Joint Stock Company Kaspi.kz	0.57%	18,463
42	DGCXX	Dreyfus Government Cash Management Fund	0.37%	1,135,970

As of Dec 31, 2024

Asset Allocation

Asset Class	% Weight
Stocks	96.86%
Cash	3.14%

Sector Breakdown

Sector	% Weight
Industrials	25.39%
Other	17.98%
Information Technology	13.58%
Communication Services	13.49%
Consumer Staples	9.44%
Financials	5.25%
Materials	4.41%
Energy	3.47%
Consumer Discretionary	3.15%
Health Care	2.46%
Utilities	1.38%

Country Breakdown

Sector	% Weight
Brazil	16.09%
India	12.25%
Korea	11.97%
China	9.58%
Taiwan	7.52%
United States	7.17%
Malaysia	6.55%
Indonesia	5.69%
Thailand	5.48%
Mexico	4.56%
United Kingdom	3.81%
Poland	2.83%
Singapore	2.46%
South Africa	1.59%
Viet Nam	1.30%
Switzerland	1.15%