| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | T. Rowe Price Associates, Inc. (IM) | 85,883,309 | 23,803,081 | 103,918,803.89 | 0.0116 | 16.2499 | 02/28/2026 |
| 2 | T. Rowe Price Hong Kong Ltd. | 66,050,517 | 24,886,505 | 79,921,125.57 | 0.2726 | 12.4973 | 12/31/2025 |
| 3 | T. Rowe Price International Ltd. | 19,832,460 | 16,124,547 | 23,997,276.6 | 0.0136 | 3.7525 | 12/31/2025 |
| 4 | The Vanguard Group, Inc. | 15,239,935 | 166,800 | 18,440,321.35 | 0.0006 | 2.8835 | 12/31/2025 |
| 5 | Triata Capital Ltd. | 11,802,100 | 0 | 14,280,541 | 1.7113 | 2.2331 | 12/31/2025 |
| 6 | Dimensional Fund Advisors LP | 9,803,483 | 636,625 | 11,862,214.43 | 0.0016 | 1.8549 | 03/31/2026 |
| 7 | BlackRock Fund Advisors | 8,405,078 | 174,908 | 10,170,144.38 | 0.0002 | 1.5903 | 12/31/2025 |
| 8 | Morgan Stanley & Co. LLC | 7,397,871 | -7,272,042 | 8,951,423.91 | 0.0029 | 1.3997 | 12/31/2025 |
| 9 | Charles Schwab Investment Management, Inc. | 7,122,160 | 1,208,700 | 8,617,813.6 | 0.0009 | 1.3476 | 12/31/2025 |
| 10 | UBS Securities LLC | 6,982,055 | 616,059 | 8,448,286.55 | 0.0031 | 1.3211 | 03/31/2026 |
| 11 | Perseverance Asset Management LP | 6,800,000 | 1,410,000 | 8,228,000 | 0.1472 | 1.2866 | 12/31/2025 |
| 12 | FIL Investment Management (Hong Kong) Ltd. | 6,687,036 | 6,687,036 | 8,091,313.56 | 0.0337 | 1.2652 | 12/31/2025 |
| 13 | D. E. Shaw & Co. LP | 6,473,710 | -8,180,169 | 7,833,189.1 | 0.0055 | 1.2249 | 12/31/2025 |
| 14 | Norges Bank Investment Management | 5,900,154 | -4,578,692 | 7,139,186.34 | 0.0004 | 1.1164 | 12/31/2025 |
| 15 | Two Sigma Advisers LP | 5,887,700 | -1,279,000 | 7,124,117 | 0.0128 | 1.114 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | T. Rowe Price Emerging Markets Discovery Stock Fund | 23,191,198 | 8,389,807 | 28,061,349.58 | 0.4172 | 4.388 | 03/31/2026 |
| 2 | Government Pension Fund - Global (The) | 15,634,854 | -1,101,392 | 18,918,173.34 | 0.001 | 2.9583 | 12/31/2025 |
| 3 | T. Rowe Price International Discovery Fund | 9,487,345 | 9,487,345 | 11,479,687.45 | 0.1687 | 1.7951 | 03/31/2026 |
| 4 | Vanguard Total International Stock Index Fund | 7,181,317 | 0 | 8,689,393.57 | 0.0013 | 1.3588 | 03/31/2026 |
| 5 | Vanguard Emerging Markets Stock Index Fund | 6,822,888 | 244,151 | 8,255,694.48 | 0.0048 | 1.291 | 03/31/2026 |
| 6 | T Rowe Price New Asia Fund | 6,221,597 | 3,762,977 | 7,528,132.37 | 0.2968 | 1.1772 | 03/31/2026 |
| 7 | Schwab Fundamental Emerging Markets Equity ETF | 6,017,023 | 1,406,918 | 7,280,597.83 | 0.0753 | 1.1385 | 04/30/2026 |
| 8 | iShares Core MSCI Emerging Markets ETF | 5,248,933 | 736,132 | 6,351,208.93 | 0.004 | 0.9931 | 04/30/2026 |
| 9 | DFA Emerging Markets Core Equity 2 Portfolio | 3,953,410 | 0 | 4,783,626.1 | 0.0117 | 0.748 | 02/28/2026 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 3,644,591 | -76,924 | 4,409,955.11 | 0.0014 | 0.6896 | 03/31/2026 |
| 11 | PIMCO RAE Emerging Markets Fund | 3,324,306 | 1,507,611 | 4,022,410.26 | 0.1413 | 0.629 | 12/31/2025 |
| 12 | JNL Multi-Manager Emerging Markets Equity Fund | 1,965,592 | 947,391 | 2,378,366.32 | 0.1432 | 0.3719 | 12/31/2025 |
| 13 | State Street SPDR S&P Kensho New Economies Composite ETF | 1,822,461 | -675,020 | 2,205,177.81 | 0.0817 | 0.3448 | 04/30/2026 |
| 14 | DFA Dimensional Emerging Markets Value Fund | 1,808,670 | 0 | 2,188,490.7 | 0.0141 | 0.3422 | 02/28/2026 |
| 15 | Fidelity Funds SICAV - Greater China Fund | 1,554,604 | 1,554,604 | 1,881,070.84 | 0.2241 | 0.2941 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | T. Rowe Price Hong Kong Ltd. | 66,050,517 | 24,886,505 | 79,921,125.57 | 0.2726 | 12.4973 | 12/31/2025 |
| 2 | T. Rowe Price Associates, Inc. (IM) | 85,883,309 | 23,803,081 | 103,918,803.89 | 0.0116 | 16.2499 | 02/28/2026 |
| 3 | T. Rowe Price International Ltd. | 19,832,460 | 16,124,547 | 23,997,276.6 | 0.0136 | 3.7525 | 12/31/2025 |
| 4 | FIL Investment Management (Hong Kong) Ltd. | 6,687,036 | 6,687,036 | 8,091,313.56 | 0.0337 | 1.2652 | 12/31/2025 |
| 5 | Barrow, Hanley, Mewhinney & Strauss LLC | 4,420,876 | 4,420,876 | 5,349,259.96 | 0.0147 | 0.8365 | 12/31/2025 |
| 6 | Jane Street Capital LLC | 2,669,086 | 2,669,086 | 3,229,594.06 | 0.0034 | 0.505 | 12/31/2025 |
| 7 | Marshall Wace LLP | 2,811,044 | 2,626,502 | 3,401,363.24 | 0.003 | 0.5319 | 12/31/2025 |
| 8 | Russell Investment Management LLC | 2,130,925 | 2,130,925 | 2,578,419.25 | 0.0023 | 0.4032 | 12/31/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 5,261,695 | 1,879,112 | 6,366,650.95 | 0.0026 | 0.9956 | 12/31/2025 |
| 10 | Pacific Investment Management Co. LLC | 3,958,626 | 1,764,453 | 4,789,937.46 | 0.0127 | 0.749 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 0 | -27,539,381 | 0 | 0 | 0 | |
| 2 | Robeco Institutional Asset Management BV | 189,544 | -9,696,729 | 229,348.24 | 0.0002 | 0.0359 | 03/31/2026 |
| 3 | D. E. Shaw & Co. LP | 6,473,710 | -8,180,169 | 7,833,189.1 | 0.0055 | 1.2249 | 12/31/2025 |
| 4 | Morgan Stanley & Co. LLC | 7,397,871 | -7,272,042 | 8,951,423.91 | 0.0029 | 1.3997 | 12/31/2025 |
| 5 | Norges Bank Investment Management | 5,900,154 | -4,578,692 | 7,139,186.34 | 0.0004 | 1.1164 | 12/31/2025 |
| 6 | Ariose Capital Management Ltd. | 0 | -3,649,847 | 0 | 0 | 0 | |
| 7 | Bank of Communications Schroder Fund Management Co., Ltd. | 0 | -3,267,385 | 0 | 0 | 0 | |
| 8 | BNP Paribas Financial Markets | 36,201 | -2,458,286 | 43,803.21 | 0 | 0.0068 | 12/31/2025 |
| 9 | E Fund Management Co., Ltd. | 0 | -2,105,130 | 0 | 0 | 0 | |
| 10 | Harvest Fund Management Co., Ltd. | 0 | -2,094,710 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.