| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 33,480,794 | -14,491,442 | 532,679,432.54 | 0.0528 | 8.0069 | 02/12/2026 |
| 2 | Krane Funds Advisors LLC | 16,060,290 | 588,601 | 255,519,213.9 | 2.9614 | 3.8408 | 12/31/2025 |
| 3 | Schroder Investment Management Ltd. | 14,175,698 | 14,175,698 | 225,535,355.18 | 0.0883 | 3.3901 | 12/31/2025 |
| 4 | Acadian Asset Management LLC | 12,485,182 | 7,325,131 | 198,639,245.62 | 0.2764 | 2.9858 | 12/31/2025 |
| 5 | BlackRock Fund Advisors | 10,538,222 | 2,250,729 | 167,663,112.02 | 0.003 | 2.5202 | 12/31/2025 |
| 6 | Baillie Gifford & Co. | 9,955,584 | 6,770,447 | 158,393,341.44 | 0.0958 | 2.3809 | 12/31/2025 |
| 7 | Capital Research & Management Co. (International Investors) | 9,845,468 | 5,112,856 | 156,641,395.88 | 0.0223 | 2.3545 | 12/31/2025 |
| 8 | The Vanguard Group, Inc. | 9,525,109 | -401,513 | 151,544,484.19 | 0.002 | 2.2779 | 12/31/2025 |
| 9 | CoreView Capital Management Ltd. | 9,448,763 | 299,458 | 150,329,819.33 | 22.5945 | 2.2597 | 12/31/2025 |
| 10 | Morgan Stanley & Co. LLC | 9,110,372 | -1,293,778 | 144,946,018.52 | 0.0513 | 2.1787 | 12/31/2025 |
| 11 | T. Rowe Price Hong Kong Ltd. | 7,649,902 | 7,259,218 | 121,709,940.82 | 0.4429 | 1.8295 | 12/31/2025 |
| 12 | SSgA Funds Management, Inc. | 7,006,834 | 1,544,770 | 111,478,728.94 | 0.0036 | 1.6757 | 12/31/2025 |
| 13 | Schroder Investment Management North America, Inc. | 6,909,557 | -4,066,682 | 109,931,051.87 | 0.646 | 1.6524 | 12/31/2025 |
| 14 | Thornburg Investment Management, Inc. | 6,117,010 | 1,452,853 | 97,321,629.1 | 0.3263 | 1.4629 | 12/31/2025 |
| 15 | Robeco Institutional Asset Management BV | 5,591,441 | 3,524,657 | 88,959,826.31 | 0.0783 | 1.3372 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | American Funds New World Fund | 17,405,600 | -6,965,726 | 276,923,096 | 0.3673 | 4.1625 | 12/31/2025 |
| 2 | KraneShares CSI China Internet ETF | 13,136,043 | -3,609,798 | 208,994,444.13 | 3.1494 | 3.1415 | 02/27/2026 |
| 3 | American Funds EuroPacific Growth Fund | 12,154,198 | 466,515 | 193,373,290.18 | 0.1434 | 2.9067 | 12/31/2025 |
| 4 | Thornburg International Equity Fund | 4,703,923 | 1,590,790 | 74,839,414.93 | 1.5496 | 1.1249 | 01/31/2026 |
| 5 | Vanguard Total International Stock Index Fund | 4,476,228 | -204,485 | 71,216,787.48 | 0.0114 | 1.0705 | 01/31/2026 |
| 6 | Vanguard Emerging Markets Stock Index Fund | 4,166,329 | -171,659 | 66,286,294.39 | 0.0425 | 0.9964 | 01/31/2026 |
| 7 | Artisan Developing World Fund | 4,147,184 | -856,028 | 65,981,697.44 | 1.9459 | 0.9918 | 12/31/2025 |
| 8 | iShares Core MSCI Emerging Markets ETF | 4,112,715 | 693,043 | 65,433,295.65 | 0.0462 | 0.9836 | 02/27/2026 |
| 9 | Baillie Gifford Emerging Markets Equities Fund | 3,519,777 | 3,519,777 | 55,999,652.07 | 0.7069 | 0.8418 | 12/31/2025 |
| 10 | T. Rowe Price Emerging Markets Stock Fund | 2,739,074 | 421,847 | 43,578,667.34 | 0.6721 | 0.655 | 12/31/2025 |
| 11 | Redwheel Emerging Markets Equity Fund Ltd. | 2,672,387 | 0 | 42,517,677.17 | 1.0774 | 0.6391 | 06/28/2024 |
| 12 | Schroder ISF - Emerging Markets | 2,517,498 | 2,090 | 40,053,393.18 | 0.5349 | 0.6021 | 01/31/2026 |
| 13 | Schroder ISF - Asian Total Return | 2,423,114 | 2,423,114 | 38,551,743.74 | 0.6365 | 0.5795 | 01/31/2026 |
| 14 | Hartford Schroders Emerging Markets Equity Fund | 2,348,406 | 0 | 37,363,139.46 | 0.5128 | 0.5616 | 01/31/2026 |
| 15 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 2,335,700 | -59,300 | 37,160,987 | 0.6502 | 0.5586 | 11/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schroder Investment Management Ltd. | 14,175,698 | 14,175,698 | 225,535,355.18 | 0.0883 | 3.3901 | 12/31/2025 |
| 2 | Acadian Asset Management LLC | 12,485,182 | 7,325,131 | 198,639,245.62 | 0.2764 | 2.9858 | 12/31/2025 |
| 3 | T. Rowe Price Hong Kong Ltd. | 7,649,902 | 7,259,218 | 121,709,940.82 | 0.4429 | 1.8295 | 12/31/2025 |
| 4 | Baillie Gifford & Co. | 9,955,584 | 6,770,447 | 158,393,341.44 | 0.0958 | 2.3809 | 12/31/2025 |
| 5 | Capital Research & Management Co. (International Investors) | 9,845,468 | 5,112,856 | 156,641,395.88 | 0.0223 | 2.3545 | 12/31/2025 |
| 6 | Robeco Institutional Asset Management BV | 5,591,441 | 3,524,657 | 88,959,826.31 | 0.0783 | 1.3372 | 12/31/2025 |
| 7 | Schroder Investment Management (Singapore) Ltd. | 3,340,423 | 3,340,423 | 53,146,129.93 | 0.4719 | 0.7989 | 12/31/2025 |
| 8 | Jupiter Asset Management Ltd. | 3,186,400 | 2,680,100 | 50,695,624 | 0.1001 | 0.762 | 12/31/2025 |
| 9 | Amova Asset Management Co., Ltd. | 3,133,578 | 2,496,520 | 49,855,225.98 | 0.0145 | 0.7494 | 12/31/2025 |
| 10 | Invesco Advisers, Inc. | 3,020,965 | 2,418,816 | 48,063,553.15 | 0.0204 | 0.7225 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (World Investors) | 33,480,794 | -14,491,442 | 532,679,432.54 | 0.0528 | 8.0069 | 02/12/2026 |
| 2 | Schroder & Co. Ltd. | 0 | -6,428,190 | 0 | 0 | 0 | |
| 3 | T. Rowe Price International Ltd. | 1,727,517 | -6,068,493 | 27,484,795.47 | 0.0159 | 0.4131 | 12/31/2025 |
| 4 | Arrowstreet Capital LP | 182,907 | -4,216,805 | 2,910,050.37 | 0.0016 | 0.0437 | 12/31/2025 |
| 5 | Schroder Investment Management North America, Inc. | 6,909,557 | -4,066,682 | 109,931,051.87 | 0.646 | 1.6524 | 12/31/2025 |
| 6 | Serenity Capital Management Pte Ltd. | 0 | -4,035,348 | 0 | 0 | 0 | |
| 7 | JPMorgan Asset Management (Asia Pacific) Ltd. | 3,178,868 | -2,870,516 | 50,575,789.88 | 0.1331 | 0.7602 | 12/31/2025 |
| 8 | Canada Pension Plan Investment Board | 0 | -2,688,859 | 0 | 0 | 0 | |
| 9 | Norges Bank Investment Management | 5,156,791 | -1,793,000 | 82,044,544.81 | 0.0051 | 1.2332 | 12/31/2025 |
| 10 | NBC Global Finance Ltd. | 0 | -1,663,200 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.