| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Susquehanna Financial Group LLLP | 6,179,258 | 0 | 21,380,232.68 | 0.0327 | 8.2981 | 12/31/2025 |
| 2 | HHLR Advisors Ltd. | 2,098,553 | 0 | 7,260,993.38 | 0.0547 | 2.8181 | 12/31/2025 |
| 3 | Yunqi Capital Ltd. | 2,005,300 | 2,005,300 | 6,938,338 | 6.2237 | 2.6929 | 12/31/2025 |
| 4 | Allspring Global Investments LLC | 1,803,785 | -110,600 | 6,241,096.1 | 0.0088 | 2.4223 | 12/31/2025 |
| 5 | Neumann Advisory Hong Kong Ltd. | 1,608,296 | -534,346 | 5,564,704.16 | 1.83 | 2.1598 | 12/31/2025 |
| 6 | Fideuram Asset Management (Ireland) DAC | 1,329,238 | 1,329,238 | 4,599,163.48 | 0.0434 | 1.785 | 12/31/2025 |
| 7 | Susquehanna Investment Group LLC | 1,304,753 | 0 | 4,514,445.38 | 0.0432 | 1.7522 | 12/31/2025 |
| 8 | Morgan Stanley & Co. LLC | 1,238,665 | 588,880 | 4,285,780.9 | 0.0016 | 1.6634 | 12/31/2025 |
| 9 | Acadian Asset Management LLC | 1,007,210 | -461,592 | 3,484,946.6 | 0.0052 | 1.3526 | 12/31/2025 |
| 10 | Perseverance Asset Management LP | 700,000 | 700,000 | 2,422,000 | 0.0487 | 0.94 | 12/31/2025 |
| 11 | Arrowstreet Capital LP | 663,372 | 52,487 | 2,295,267.12 | 0.0013 | 0.8908 | 12/31/2025 |
| 12 | CloudAlpha Capital Management Ltd. | 645,700 | -2,349,300 | 2,234,122 | 0.1639 | 0.8671 | 12/31/2025 |
| 13 | Yiheng Capital Management LP | 533,547 | 0 | 1,846,072.62 | 0.5347 | 0.7165 | 12/31/2025 |
| 14 | Harber Asset Management LLC | 501,938 | 268,450 | 1,736,705.48 | 0.8185 | 0.6741 | 12/31/2025 |
| 15 | Connor, Clark & Lunn Investment Management Ltd. | 413,174 | -430,012 | 1,429,582.04 | 0.0035 | 0.5549 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Allspring Emerging Markets Equity Fund | 1,084,765 | 0 | 3,753,286.9 | 0.1042 | 1.4567 | 01/31/2026 |
| 2 | Allspring Emerging Markets Equity CIT | 201,474 | 0 | 697,100.04 | 0.1183 | 0.2706 | 02/28/2026 |
| 3 | DFA Emerging Markets Core Equity 2 Portfolio | 135,553 | 0 | 469,013.38 | 0.0013 | 0.182 | 12/31/2025 |
| 4 | Avantis Emerging Markets Equity ETF | 109,277 | 13,558 | 378,098.42 | 0.0019 | 0.1467 | 02/27/2026 |
| 5 | State Street SPDR Portfolio Emerging Markets ETF | 90,552 | 10,314 | 313,309.92 | 0.002 | 0.1216 | 02/27/2026 |
| 6 | Allspring (Lux) Ww. Fd. - Emerging Markets Equity Fund | 81,039 | 0 | 280,394.94 | 0.0982 | 0.1088 | 01/30/2026 |
| 7 | DFA Emerging Markets Small Cap Series (The) | 67,086 | -170 | 232,117.56 | 0.0064 | 0.0901 | 01/31/2026 |
| 8 | CC&L UCITS ICAV - Q Emerging Markets Equity UCITS Fund | 65,809 | -23,004 | 227,699.14 | 0.0129 | 0.0884 | 02/27/2026 |
| 9 | DFA Emerging Markets Small Cap Portfolio | 54,853 | -12,403 | 189,791.38 | 0.0049 | 0.0737 | 12/31/2025 |
| 10 | Invesco Golden Dragon China ETF | 51,759 | -4,445 | 179,086.14 | 0.1618 | 0.0695 | 02/27/2026 |
| 11 | Fidelity Nasdaq Composite Index Fund | 44,594 | 0 | 154,295.24 | 0.0007 | 0.0599 | 01/31/2026 |
| 12 | DFA World (ex-US) Core Equity Portfolio | 25,710 | 0 | 88,956.6 | 0.0018 | 0.0345 | 12/31/2025 |
| 13 | DFA Emerging Markets Social Core Equity Portfolio | 24,791 | -4,719 | 85,776.86 | 0.0045 | 0.0333 | 12/31/2025 |
| 14 | State Street SPDR S&P Emerging Markets Small Cap ETF | 23,847 | -10 | 82,510.62 | 0.0117 | 0.032 | 02/27/2026 |
| 15 | Russell Invt. Co. Plc - Acadian Select Global Equity UCITS | 23,376 | 7,523 | 80,880.96 | 0.0257 | 0.0314 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Yunqi Capital Ltd. | 2,005,300 | 2,005,300 | 6,938,338 | 6.2237 | 2.6929 | 12/31/2025 |
| 2 | Fideuram Asset Management (Ireland) DAC | 1,329,238 | 1,329,238 | 4,599,163.48 | 0.0434 | 1.785 | 12/31/2025 |
| 3 | Perseverance Asset Management LP | 700,000 | 700,000 | 2,422,000 | 0.0487 | 0.94 | 12/31/2025 |
| 4 | Morgan Stanley & Co. LLC | 1,238,665 | 588,880 | 4,285,780.9 | 0.0016 | 1.6634 | 12/31/2025 |
| 5 | Harber Asset Management LLC | 501,938 | 268,450 | 1,736,705.48 | 0.8185 | 0.6741 | 12/31/2025 |
| 6 | UBS Securities LLC | 154,402 | 145,794 | 534,230.92 | 0.0002 | 0.2073 | 12/31/2025 |
| 7 | Two Sigma Investments LP | 162,929 | 112,342 | 563,734.34 | 0.0009 | 0.2188 | 12/31/2025 |
| 8 | Two Sigma Advisers LP | 145,900 | 97,000 | 504,814 | 0.001 | 0.1959 | 12/31/2025 |
| 9 | Citadel Securities LLC | 146,884 | 81,405 | 508,218.64 | 0.0012 | 0.1973 | 12/31/2025 |
| 10 | Pharvision Advisers LLC | 75,681 | 75,681 | 261,856.26 | 0.1389 | 0.1016 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | CloudAlpha Capital Management Ltd. | 645,700 | -2,349,300 | 2,234,122 | 0.1639 | 0.8671 | 12/31/2025 |
| 2 | MY.Alpha Management (HK) Advisors Ltd. | 0 | -708,822 | 0 | 0 | 0 | |
| 3 | Neumann Advisory Hong Kong Ltd. | 1,608,296 | -534,346 | 5,564,704.16 | 1.83 | 2.1598 | 12/31/2025 |
| 4 | HCEP Management Ltd. | 0 | -530,370 | 0 | 0 | 0 | |
| 5 | Acadian Asset Management LLC | 1,007,210 | -461,592 | 3,484,946.6 | 0.0052 | 1.3526 | 12/31/2025 |
| 6 | Connor, Clark & Lunn Investment Management Ltd. | 413,174 | -430,012 | 1,429,582.04 | 0.0035 | 0.5549 | 12/31/2025 |
| 7 | Nomura Global Financial Products, Inc. | 12,489 | -242,832 | 43,211.94 | 0.0004 | 0.0168 | 12/31/2025 |
| 8 | Marshall Wace LLP | 243,825 | -216,385 | 843,634.5 | 0.0009 | 0.3274 | 12/31/2025 |
| 9 | Walleye Capital LLC | 0 | -119,996 | 0 | 0 | 0 | |
| 10 | GSA Capital Partners LLP | 285,547 | -118,214 | 987,992.62 | 0.0875 | 0.3835 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.