| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alibaba Group Holding Ltd. (Investment Management) | 9,000,000 | 0 | 103,320,000 | 5.6091 | 5.7881 | 06/30/2025 |
| 2 | Acadian Asset Management LLC | 5,948,019 | -22,014 | 68,283,258.12 | 0.1173 | 3.8253 | 06/30/2025 |
| 3 | Krane Funds Advisors LLC | 3,741,165 | 277,121 | 42,948,574.2 | 0.4589 | 2.406 | 06/30/2025 |
| 4 | Causeway Capital Management LLC | 2,643,718 | 384,451 | 30,349,882.64 | 0.0718 | 1.7002 | 06/30/2025 |
| 5 | Saba Capital Management LP | 2,617,357 | 258,000 | 30,047,258.36 | 0.6358 | 1.6833 | 06/30/2025 |
| 6 | BlackRock Fund Advisors | 2,470,115 | -442,757 | 28,356,920.2 | 0.0007 | 1.5886 | 06/30/2025 |
| 7 | Hermes Investment Management Ltd. | 2,133,467 | -1,748,786 | 24,492,201.16 | 0.1448 | 1.3721 | 06/30/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 1,710,427 | -706,426 | 19,635,701.96 | 0.0083 | 1.1 | 06/30/2025 |
| 9 | Macquarie Investment Management Business Trust | 1,595,018 | -4,983 | 18,310,806.64 | 0.0192 | 1.0258 | 06/30/2025 |
| 10 | SSgA Funds Management, Inc. | 1,395,978 | 385,180 | 16,025,827.44 | 0.0006 | 0.8978 | 06/30/2025 |
| 11 | TIAA-CREF Investment Management LLC | 1,128,300 | 1,068,700 | 12,952,884 | 0.005 | 0.7256 | 06/30/2025 |
| 12 | Two Sigma Advisers LP | 969,588 | -158,500 | 11,130,870.24 | 0.0219 | 0.6236 | 06/30/2025 |
| 13 | Bank of America, NA (Private Banking) | 901,308 | 304,287 | 10,347,015.84 | 0.0033 | 0.5796 | 06/30/2025 |
| 14 | Dimensional Fund Advisors LP | 777,978 | -14,476 | 8,931,187.44 | 0.0014 | 0.5003 | 06/30/2025 |
| 15 | Arrowstreet Capital LP | 751,806 | 356,684 | 8,630,732.88 | 0.0057 | 0.4835 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 3,918,125 | 679,351 | 44,980,075 | 0.5487 | 2.5198 | 07/31/2025 |
| 2 | Hermes Invt. Funds - Asia (ex-Japan) Equity Fund | 1,561,402 | -1,395,651 | 17,924,894.96 | 0.4309 | 1.0042 | 05/30/2025 |
| 3 | Macquarie Emerging Markets Fund | 1,450,000 | 0 | 16,646,000 | 0.2616 | 0.9325 | 06/30/2025 |
| 4 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 1,412,337 | 0 | 16,213,628.76 | 0.004 | 0.9083 | 12/31/2023 |
| 5 | Government Pension Fund - Global (The) | 1,180,552 | 0 | 13,552,736.96 | 0.0009 | 0.7592 | 12/31/2024 |
| 6 | CREF Stock Account | 1,128,300 | 1,068,700 | 12,952,884 | 0.0096 | 0.7256 | 06/30/2025 |
| 7 | British Columbia Inv Management Corp. | 918,621 | 0 | 10,545,769.08 | 0.0086 | 0.5908 | 03/31/2024 |
| 8 | iShares Core MSCI Emerging Markets ETF | 823,541 | 64,303 | 9,454,250.68 | 0.0093 | 0.5296 | 07/31/2025 |
| 9 | SPDR S&P Kensho New Economies Composite ETF | 814,226 | 380,990 | 9,347,314.48 | 0.3841 | 0.5236 | 07/31/2025 |
| 10 | BOCOM Schroder CSI Overseas China Internet Index Fund | 684,872 | 0 | 7,862,330.56 | 0.4976 | 0.4405 | 12/31/2024 |
| 11 | Causeway Emerging Markets Fund | 647,901 | -22,534 | 7,437,903.48 | 0.2993 | 0.4167 | 06/30/2025 |
| 12 | Nuveen Quant International Small Cap Equity Fund | 568,400 | 568,400 | 6,525,232 | 0.4961 | 0.3655 | 06/30/2025 |
| 13 | DFA Emerging Markets Core Equity 2 Portfolio | 552,309 | 0 | 6,340,507.32 | 0.0197 | 0.3552 | 04/30/2025 |
| 14 | Saba Capital Income & Opportunities Fund | 535,667 | 28,830 | 6,149,457.16 | 2.0555 | 0.3445 | 04/30/2025 |
| 15 | Avantis Emerging Markets Equity ETF | 484,795 | 131,973 | 5,565,446.6 | 0.0476 | 0.3118 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TIAA-CREF Investment Management LLC | 1,128,300 | 1,068,700 | 12,952,884 | 0.005 | 0.7256 | 06/30/2025 |
| 2 | JPMorgan Securities LLC (Investment Management) | 720,348 | 719,069 | 8,269,595.04 | 0.0043 | 0.4633 | 06/30/2025 |
| 3 | Teachers Advisors LLC | 568,400 | 568,400 | 6,525,232 | 0.0033 | 0.3655 | 06/30/2025 |
| 4 | Grantham, Mayo, Van Otterloo & Co. LLC | 523,401 | 523,401 | 6,008,643.48 | 0.0127 | 0.3366 | 06/30/2025 |
| 5 | Qube Research & Technologies Ltd. | 515,938 | 515,938 | 5,922,968.24 | 0.008 | 0.3318 | 06/30/2025 |
| 6 | Schroder & Co. Ltd. | 495,459 | 495,459 | 5,687,869.32 | 0.045 | 0.3186 | 06/30/2025 |
| 7 | SSgA Funds Management, Inc. | 1,395,978 | 385,180 | 16,025,827.44 | 0.0006 | 0.8978 | 06/30/2025 |
| 8 | Causeway Capital Management LLC | 2,643,718 | 384,451 | 30,349,882.64 | 0.0718 | 1.7002 | 06/30/2025 |
| 9 | PGIM Quantitative Solutions LLC | 471,400 | 378,400 | 5,411,672 | 0.0071 | 0.3032 | 06/30/2025 |
| 10 | Arrowstreet Capital LP | 751,806 | 356,684 | 8,630,732.88 | 0.0057 | 0.4835 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 0 | -2,168,884 | 0 | 0 | 0 | |
| 2 | RPD Fund Management LLC | 0 | -2,001,546 | 0 | 0 | 0 | |
| 3 | Hermes Investment Management Ltd. | 2,133,467 | -1,748,786 | 24,492,201.16 | 0.1448 | 1.3721 | 06/30/2025 |
| 4 | Allspring Global Investments LLC | 17,100 | -1,707,912 | 196,308 | 0.0003 | 0.011 | 06/30/2025 |
| 5 | Two Sigma Investments LP | 537,739 | -1,374,668 | 6,173,243.72 | 0.0107 | 0.3458 | 06/30/2025 |
| 6 | Norges Bank Investment Management | 0 | -1,180,552 | 0 | 0 | 0 | |
| 7 | Morgan Stanley & Co. LLC | 632,936 | -849,144 | 7,266,105.28 | 0.0025 | 0.4071 | 06/30/2025 |
| 8 | Invesco Hong Kong Ltd. | 426,798 | -806,636 | 4,899,641.04 | 0.117 | 0.2745 | 06/30/2025 |
| 9 | Woodline Partners LP | 0 | -717,584 | 0 | 0 | 0 | |
| 10 | Goldman Sachs & Co. LLC (Private Banking) | 1,710,427 | -706,426 | 19,635,701.96 | 0.0083 | 1.1 | 06/30/2025 |
Data provided by FactSet Research Systems Inc.