| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder & Co. Ltd. | 39,902,355 | 39,902,355 | 977,208,673.95 | 7.767 | 2.7848 | 06/30/2025 |
| 2 | BlackRock Fund Advisors | 19,172,339 | -1,283,918 | 469,530,582.11 | 0.0108 | 1.338 | 06/30/2025 |
| 3 | Cantillon Capital Management LLC | 18,687,995 | -3,152,820 | 457,668,997.55 | 2.4163 | 1.3042 | 06/30/2025 |
| 4 | Schroder Investment Management North America, Inc. | 17,280,036 | -20,482,178 | 423,188,081.64 | 0.4495 | 1.206 | 06/30/2025 |
| 5 | Baillie Gifford & Co. | 16,813,324 | -4,146,255 | 411,758,304.76 | 0.2061 | 1.1734 | 06/30/2025 |
| 6 | Krane Funds Advisors LLC | 15,164,231 | -4,691,720 | 371,372,017.19 | 3.8242 | 1.0583 | 06/30/2025 |
| 7 | The Vanguard Group, Inc. | 15,127,137 | -6,511,149 | 370,463,585.13 | 0.0051 | 1.0557 | 06/30/2025 |
| 8 | SSgA Funds Management, Inc. | 12,553,992 | -86,666 | 307,447,264.08 | 0.0106 | 0.8761 | 06/30/2025 |
| 9 | Capital Research & Management Co. (World Investors) | 12,305,461 | 7,603,108 | 301,360,739.89 | 0.0312 | 0.8588 | 06/30/2025 |
| 10 | JPMorgan Investment Management, Inc. | 11,102,375 | 4,776,554 | 271,897,163.75 | 0.0289 | 0.7748 | 06/30/2025 |
| 11 | Mawer Investment Management Ltd. | 10,145,806 | -1,321,604 | 248,470,788.94 | 0.5476 | 0.7081 | 06/30/2025 |
| 12 | Fidelity Management & Research Co. LLC | 9,536,581 | 2,709,360 | 233,550,868.69 | 0.0134 | 0.6656 | 06/30/2025 |
| 13 | Renaissance Technologies LLC | 8,363,490 | 372,300 | 204,821,870.1 | 0.2592 | 0.5837 | 06/30/2025 |
| 14 | BlackRock Advisors (UK) Ltd. | 7,438,273 | 2,096,737 | 182,163,305.77 | 0.0226 | 0.5191 | 06/30/2025 |
| 15 | FIAM LLC | 7,402,118 | 4,399,080 | 181,277,869.82 | 0.1019 | 0.5166 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 16,457,045 | -6,454,169 | 403,033,032.05 | 4.716 | 1.1485 | 08/29/2025 |
| 2 | American Funds New World Fund | 11,262,676 | 6,846,387 | 275,822,935.24 | 0.4103 | 0.786 | 06/30/2025 |
| 3 | Vanguard International Growth Fund | 9,957,944 | 1,370,669 | 243,870,048.56 | 0.5202 | 0.695 | 05/31/2025 |
| 4 | Government Pension Fund - Global (The) | 7,780,768 | -3,569,946 | 190,551,008.32 | 0.0129 | 0.543 | 06/30/2025 |
| 5 | Hartford Schroders International Stock Fund | 7,733,908 | -2,191,436 | 189,403,406.92 | 2.1405 | 0.5398 | 07/31/2025 |
| 6 | JPMorgan Emerging Markets Equity Fund | 7,221,550 | 1,861,041 | 176,855,759.5 | 2.1481 | 0.504 | 07/31/2025 |
| 7 | Vanguard Total International Stock Index Fund | 7,181,508 | -3,133,187 | 175,875,130.92 | 0.0326 | 0.5012 | 07/31/2025 |
| 8 | Vanguard Emerging Markets Stock Index Fund | 6,612,130 | -2,811,700 | 161,931,063.7 | 0.1193 | 0.4615 | 07/31/2025 |
| 9 | Fidelity Emerging Markets Fund | 6,253,325 | -26,600 | 153,143,929.25 | 1.8186 | 0.4364 | 07/31/2025 |
| 10 | iShares Core MSCI Emerging Markets ETF | 5,558,492 | -1,167,242 | 136,127,469.08 | 0.1322 | 0.3879 | 08/29/2025 |
| 11 | State Board of Administration of Florida Retirement System | 5,063,862 | 401,917 | 124,013,980.38 | 0.1118 | 0.3534 | 03/31/2025 |
| 12 | Schroder ISF - Asian Total Return | 4,825,029 | -250,000 | 118,164,960.21 | 2.2193 | 0.3367 | 07/31/2025 |
| 13 | Mawer International Equity Fund | 4,532,474 | 0 | 111,000,288.26 | 1.705 | 0.3163 | 12/31/2024 |
| 14 | JPMorgan Funds - Emerging Markets Equity Fund | 3,849,099 | 677,652 | 94,264,434.51 | 2.3249 | 0.2686 | 07/31/2025 |
| 15 | BOCOM Schroder CSI Overseas China Internet Index Fund | 3,790,473 | 0 | 92,828,683.77 | 5.7864 | 0.2645 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder & Co. Ltd. | 39,902,355 | 39,902,355 | 977,208,673.95 | 7.767 | 2.7848 | 06/30/2025 |
| 2 | Capital Research & Management Co. (World Investors) | 12,305,461 | 7,603,108 | 301,360,739.89 | 0.0312 | 0.8588 | 06/30/2025 |
| 3 | T. Rowe Price International Ltd. | 6,945,148 | 6,919,848 | 170,086,674.52 | 0.1047 | 0.4847 | 06/30/2025 |
| 4 | Schroder Investment Management (Taiwan) Ltd. | 6,192,076 | 6,192,076 | 151,643,941.24 | 14.0149 | 0.4321 | 06/30/2025 |
| 5 | JPMorgan Investment Management, Inc. | 11,102,375 | 4,776,554 | 271,897,163.75 | 0.0289 | 0.7748 | 06/30/2025 |
| 6 | FIAM LLC | 7,402,118 | 4,399,080 | 181,277,869.82 | 0.1019 | 0.5166 | 06/30/2025 |
| 7 | Keystone Investors Pte Ltd. | 3,525,623 | 3,525,623 | 86,342,507.27 | 16.0076 | 0.2461 | 06/30/2025 |
| 8 | Driehaus Capital Management LLC | 3,444,934 | 3,444,934 | 84,366,433.66 | 0.4743 | 0.2404 | 06/30/2025 |
| 9 | Marathon Asset Management Ltd. | 3,039,699 | 3,039,699 | 74,442,228.51 | 0.4618 | 0.2121 | 06/30/2025 |
| 10 | Fidelity Management & Research Co. LLC | 9,536,581 | 2,709,360 | 233,550,868.69 | 0.0134 | 0.6656 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management North America, Inc. | 17,280,036 | -20,482,178 | 423,188,081.64 | 0.4495 | 1.206 | 06/30/2025 |
| 2 | Schroder Investment Management Ltd. | 0 | -17,716,853 | 0 | 0 | 0 | |
| 3 | Invesco Asset Management Ltd. | 4,823,112 | -8,022,774 | 118,118,012.88 | 0.1381 | 0.3366 | 06/30/2025 |
| 4 | Artisan Partners LP | 2,578,006 | -7,380,714 | 63,135,366.94 | 0.0495 | 0.1799 | 06/30/2025 |
| 5 | The Vanguard Group, Inc. | 15,127,137 | -6,511,149 | 370,463,585.13 | 0.0051 | 1.0557 | 06/30/2025 |
| 6 | Invesco Hong Kong Ltd. | 545,175 | -6,493,982 | 13,351,335.75 | 0.3084 | 0.038 | 06/30/2025 |
| 7 | Schroder Investment Management (Singapore) Ltd. | 1,226,297 | -5,408,429 | 30,032,013.53 | 0.2965 | 0.0856 | 06/30/2025 |
| 8 | Krane Funds Advisors LLC | 15,164,231 | -4,691,720 | 371,372,017.19 | 3.8242 | 1.0583 | 06/30/2025 |
| 9 | Baillie Gifford & Co. | 16,813,324 | -4,146,255 | 411,758,304.76 | 0.2061 | 1.1734 | 06/30/2025 |
| 10 | Citigroup Global Markets, Inc. (Investment Management) | 390,211 | -3,493,659 | 9,556,267.39 | 0.0077 | 0.0272 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.