Portfolio Holdings

Top 10 Portfolio Holdings As of recent Month End – September 30, 2021

Security Name

Shares Held

Market Value

% of Net Assets

Atlas Discovery Trust II

300,000

$3,628,076

14.80%

Grupo Financiero Banorte SAB de CV

292,553

$1,878,921

7.67%

Cemex SAB de CV

2,488,060

$1,794,793

7.32%

Grupo Mexico SAB de CV

397,393

$1,586,184

6.47%

America Movil SAB de CV

1,497,283

$1,324,535

5.40%

Alpek SAB de CV

1,060,691

$1,207,065

4.92%

Alfa SAB de CV

1,598,887

$1,108,450

4.52%

Orbia Advance Corp SAB de CV

412,582

$1,057,564

4.31%

Fibra Uno Administracion SA de CV

895,061

$1,014,676

4.14%

Nemak SAB de CV

3,467,019

$881,808

3.60%

Portfolio Holdings As of recent Quarter End – September 30, 2021

Security Name

Shares Held

Market Value

% of Net Assets

Atlas Discovery Trust II

300,000

$3,628,076

14.80%

Grupo Financiero Banorte SAB de CV

292,553

$1,878,921

7.67%

Cemex SAB de CV

2,488,060

$1,794,793

7.32%

Grupo Mexico SAB de CV

397,393

$1,586,184

6.47%

America Movil SAB de CV

1,497,283

$1,324,535

5.40%

Alpek Movil SAB de CV

1,060,691

$1,207,065

4.92%

Alfa Movil SAB de CV

1,598,887

$1,108,450

4.52%

Orbia Advance Corp SAB de CV

412,582

$1,057,564

4.31%

Fibra Uno Administracion SA de CV

895,061

$1,014,676

4.14%

Nemak SAB de CV

3,467,019

$881,808

3.60%

Controladora Vuela Cia de Aviacion SAB de CV

382,600

$838,730

3.42%

Fomento Economico Mexicano SAB de CV

89,697

$778,838

3.18%

Wal-Mart de Mexico SAB de CV

229,156

$778,563

3.18%

El Puerto de Liverpool SAB de CV

170,601

$705,662

2.88%

Grupo Traxion SAB de CV

410,350

$686,849

2.80%

Corporacion Inmobiliaria Vesta SAB de CV

353,854

$620,571

2.53%

GMexico Transportes SAB de CV

406,874

$603,762

2.46%

GCC SAB de CV

73,100

$547,679

2.23%

Banco del Bajio SA

266,100

$502,769

2.05%

Regional SAB de CV

86,000

$494,964

2.02%

La Comer SAB de CV

286,500

$483,850

1.97%

Grupo Bimbo SAB de CV

142,300

$400,121

1.63%

Grupe SAB de CV

303,242

$340,829

1.39%

Sempra Energy

2,680

$339,794

1.39%

Alsea SAB de CV

156,688

$315,858

1.29%

Promotora y Operadora de Infraestructura SAB de CV

39,296

$272,387

1.11%

Grupo Financiero Inbursa SAB de CV

270,400

$253,351

1.03%

Grupo Aeroportuario del Centro Norte SAB de CV

40,800

$239,287

0.98%

MSILF Government Portfolio

25,824

$25,824

0.11%

Scotiabankinverlat – Scotia Gubernamental SA de CV SIID

7,003

$1,371

0.01%