| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Norges Bank Investment Management | 6,220,181 | 0 | 212,730,190.2 | 0.0166 | 2.3676 | 06/30/2024 |
| 2 | Baillie Gifford & Co. | 5,673,837 | -292,400 | 194,045,225.4 | 0.1055 | 2.1596 | 03/31/2025 |
| 3 | Franchise Capital Ltd. | 421,321 | 67,281 | 14,409,178.2 | 8.4191 | 0.1604 | 03/31/2025 |
| 4 | Templeton Asset Management Ltd. (Hong Kong) | 232,583 | -600 | 7,954,338.6 | 1.2095 | 0.0885 | 12/31/2024 |
| 5 | Matthews International Capital Management LLC | 193,937 | 173,142 | 6,632,645.4 | 0.0855 | 0.0738 | 03/31/2025 |
| 6 | Pzena Investment Management LLC | 96,545 | -8,092 | 3,301,839 | 0.0066 | 0.0367 | 01/31/2025 |
| 7 | Oaktree Capital Management LP | 94,366 | 94,366 | 3,227,317.2 | 0.0521 | 0.0359 | 12/31/2024 |
| 8 | Quaero Capital LLP | 82,270 | 0 | 2,813,634 | 2.6772 | 0.0313 | 06/30/2023 |
| 9 | BennBridge Ltd. | 64,742 | 64,742 | 2,214,176.4 | 0.1861 | 0.0246 | 03/31/2025 |
| 10 | KBI Global Investors Ltd. | 56,424 | 56,424 | 1,929,700.8 | 0.019 | 0.0215 | 03/31/2025 |
| 11 | DSM Capital Partners LLC | 52,800 | 0 | 1,805,760 | 0.0279 | 0.0201 | 09/30/2024 |
| 12 | Clough Capital Partners LP | 47,427 | 31,527 | 1,622,003.4 | 0.1822 | 0.0181 | 03/31/2025 |
| 13 | Allianz Global Investors Asia Pacific Ltd. | 32,681 | 25,251 | 1,117,690.2 | 0.0122 | 0.0124 | 02/28/2025 |
| 14 | Morgan Stanley Investment Management Co. | 21,426 | -38 | 732,769.2 | 0.0071 | 0.0082 | 02/28/2025 |
| 15 | F.N.B. Investment Advisors, Inc. | 15,965 | 0 | 546,003 | 0.0213 | 0.0061 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 6,220,181 | 0 | 212,730,190.2 | 0.0168 | 2.3676 | 06/30/2024 |
| 2 | Baillie Gifford Overseas Growth Fund - Pacific Fund | 2,190,225 | -328,257 | 74,905,695 | 2.1906 | 0.8337 | 03/31/2025 |
| 3 | Baillie Gifford Emerging Markets Equities Fund | 1,873,915 | 0 | 64,087,893 | 1.1935 | 0.7133 | 12/31/2024 |
| 4 | Pacific Horizon Investment Trust Plc | 520,900 | 0 | 17,814,780 | 2.3188 | 0.1983 | 01/31/2025 |
| 5 | Baillie Gifford Overseas Growth Fund - Emer. Mkts. Leading Co. | 448,168 | 80,247 | 15,327,345.6 | 2.0009 | 0.1706 | 03/31/2025 |
| 6 | Baillie Gifford Overseas Growth Funds ICVC - EM. Growth | 218,706 | -67,533 | 7,479,745.2 | 1.2316 | 0.0832 | 03/31/2025 |
| 7 | Baillie Gifford Worldwide Funds Plc - EM Leading Cos. Fund | 133,107 | 32,310 | 4,552,259.4 | 1.9495 | 0.0507 | 03/31/2025 |
| 8 | FTIF SICAV - China Fund | 124,478 | 0 | 4,257,147.6 | 1.4153 | 0.0474 | 12/31/2024 |
| 9 | Baillie Gifford Worldwide Funds Plc - Asia (ex-Japan) Fund | 106,529 | 3,026 | 3,643,291.8 | 2.2015 | 0.0405 | 03/31/2025 |
| 10 | Templeton Dragon Fund Inc. | 106,505 | 0 | 3,642,471 | 1.3112 | 0.0405 | 12/31/2024 |
| 11 | Baillie Gifford Overseas Growth Fund - China Fund | 103,690 | -10,919 | 3,546,198 | 1.2196 | 0.0395 | 03/31/2025 |
| 12 | Vanguard Emerging Markets Select Stock Fund | 96,545 | -8,092 | 3,301,839 | 0.427 | 0.0367 | 01/31/2025 |
| 13 | Vanguard Invt. Fds. ICVC - Global Emerging Markets Fund | 94,366 | 94,366 | 3,227,317.2 | 0.5985 | 0.0359 | 12/31/2024 |
| 14 | Matthews Asia Funds - China Fund | 91,562 | 87,777 | 3,131,420.4 | 0.8702 | 0.0349 | 02/28/2025 |
| 15 | Matthews China Fund | 91,562 | 75,918 | 3,131,420.4 | 0.8729 | 0.0349 | 02/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Matthews International Capital Management LLC | 193,937 | 173,142 | 6,632,645.4 | 0.0855 | 0.0738 | 03/31/2025 |
| 2 | Oaktree Capital Management LP | 94,366 | 94,366 | 3,227,317.2 | 0.0521 | 0.0359 | 12/31/2024 |
| 3 | Franchise Capital Ltd. | 421,321 | 67,281 | 14,409,178.2 | 8.4191 | 0.1604 | 03/31/2025 |
| 4 | BennBridge Ltd. | 64,742 | 64,742 | 2,214,176.4 | 0.1861 | 0.0246 | 03/31/2025 |
| 5 | KBI Global Investors Ltd. | 56,424 | 56,424 | 1,929,700.8 | 0.019 | 0.0215 | 03/31/2025 |
| 6 | Clough Capital Partners LP | 47,427 | 31,527 | 1,622,003.4 | 0.1822 | 0.0181 | 03/31/2025 |
| 7 | Allianz Global Investors Asia Pacific Ltd. | 32,681 | 25,251 | 1,117,690.2 | 0.0122 | 0.0124 | 02/28/2025 |
| 8 | Kingswood Wealth Advisors LLC | 12,600 | 12,600 | 430,920 | 0.0167 | 0.0048 | 03/31/2025 |
| 9 | Fideuram Asset Management (Ireland) DAC | 11,185 | 11,185 | 382,527 | 0.0024 | 0.0043 | 03/31/2025 |
| 10 | AzValor Asset Management SGIIC SA | 3,900 | 3,900 | 133,380 | 0.0074 | 0.0015 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 5,673,837 | -292,400 | 194,045,225.4 | 0.1055 | 2.1596 | 03/31/2025 |
| 2 | Pzena Investment Management LLC | 96,545 | -8,092 | 3,301,839 | 0.0066 | 0.0367 | 01/31/2025 |
| 3 | MFA Wealth Advisors LLC | 0 | -1,500 | 0 | 0 | 0 | |
| 4 | FIL Investment Management (Hong Kong) Ltd. | 0 | -600 | 0 | 0 | 0 | |
| 5 | Templeton Asset Management Ltd. (Hong Kong) | 232,583 | -600 | 7,954,338.6 | 1.2095 | 0.0885 | 12/31/2024 |
| 6 | RhumbLine Advisers LP | 1,567 | -453 | 53,591.4 | 0.0001 | 0.0006 | 03/31/2025 |
| 7 | Morgan Stanley Investment Management Co. | 21,426 | -38 | 732,769.2 | 0.0071 | 0.0082 | 02/28/2025 |
Data provided by FactSet Research Systems Inc.