RAM

RWC Asset Management Portfolio holdings

AUM $1.94B

This Quarter Return

+4.67%

1 Year Return

+9.19%

3 Year Return

+18%

5 Year Return

+153.39%

10 Year Return

+323.35%

AUM

$1.94B

AUM Growth

-$56.1M (-3%)

Cap. Flow

-$154M

Cap. Flow % of AUM

-7.91%

Top 10 Holdings %Top 10 Hldgs %

33.84%

Holding

169

New

Increased

Reduced

Closed

Top Buys

1	Macy's M	$80.9M
2	Pinduoduo PDD	$12.9M
3	Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) CIB	$12.5M
4	CMS Energy CMS	$10.6M
5	Sociedad Química y Minera de Chile SQM	$10.2M

Top Sells

1	Cemex CX	$33.1M
2	Edison International EIX	$31.8M
3	XIFR XPLR Infrastructure, LP XIFR	$24.3M
4	Eversource Energy ES	$23.6M
5	Gold Fields GFI	$21.8M

Sector Composition

1	Utilities	19.3%
2	Technology	13.22%
3	Consumer Staples	12.16%
4	Consumer Discretionary	10.45%
5	Materials	8.16%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Merck MRK $201B	$22.4M	1.15%	249,253 -11,802	-5%	-$1.06M
27	27 Philip Morris PM $278B	$21.1M	1.09%	133,242 -6,129	-4%	-$973K
28	28 Federal Realty Investment Trust FRT $8.17B	$20.4M	1.05%	209,037 -9,456	-4%	-$925K
29	29 Clearway Energy Class C CWEN $3.89B	$19.3M	0.99%	637,326 -611,906	-49%	-$18.5M
30	30 Banco Santander Chile BSAC $11.1B	$18.8M	0.97%	826,754 +257,895	+45%	+$5.88M
31	31 Li Auto LI $32.2B	$17.3M	0.89%	687,698 -258,017	-27%	-$6.5M
32	32 Public Service Enterprise Group PEG $42.1B	$16.9M	0.87%	205,273 -14,694	-7%	-$1.21M
33	33 Vistra VST $65.5B	$16.8M	0.87%	143,272 -69	-0.1%	-$8.1K
34	34 TE Connectivity TEL $53.1B	$16.3M	0.84%	115,220 -15,588	-12%	-$2.2M
35	35 Newmont NEM $64.8B	$15.7M	0.81%	326,214	–	–
36	36 Avista AVA $3B	$15.2M	0.78%	363,312 -175,205	-33%	-$7.34M
37	37 Hubbell HUBB $23B	$14.3M	0.74%	43,244 -10,170	-19%	-$3.37M
38	LOMA 38 Loma Negra LOMA $1.23B	$13.6M	0.7%	1,238,585 -99,075	-7%	-$1.09M
39	39 Pinduoduo PDD $155B	$12.9M	0.66%	+108,801	New	+$12.9M
40	40 Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) CIB $11B	$12.5M	0.65%	+311,853	New	+$12.5M
41	41 Teck Resources TECK $18.7B	$12.5M	0.64%	342,249 +22,402	+7%	+$816K
42	42 American Electric Power AEP $57.4B	$11.5M	0.59%	104,910 -26,691	-20%	-$2.92M
43	43 NXP Semiconductors NXPI $57.1B	$11.2M	0.58%	58,734 +546	+0.9%	+$104K
44	44 Southern Company SO $104B	$11.1M	0.57%	120,399 -84	-0.1%	-$7.72K
45	45 Vista Energy VIST $4.7B	$10.7M	0.55%	230,432	–	–
46	46 DTE Energy DTE $28.5B	$10.3M	0.53%	74,163 -48	-0.1%	-$6.64K
47	47 Sociedad Química y Minera de Chile SQM $11B	$10.2M	0.53%	+257,050	New	+$10.2M
48	TLN 48 Talen Energy Corporation Common Stock TLN $15B	$9.84M	0.51%	+49,304	New	+$9.84M
49	SUPV 49 Grupo Supervielle SUPV $854M	$9.72M	0.5%	744,609	–	–
50	50 Xcel Energy XEL $40.6B	$9.46M	0.49%	133,596 -17,585	-12%	-$1.24M