| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Yunqi Capital Ltd. | 10,098,040 | 3,000,000 | 36,554,904.8 | 22.2804 | 1.1651 | 06/30/2025 |
| 2 | Baillie Gifford & Co. | 9,287,204 | -994,494 | 33,619,678.48 | 0.0169 | 1.0716 | 06/30/2025 |
| 3 | The Vanguard Group, Inc. | 9,159,990 | 3,730,501 | 33,159,163.8 | 0.0004 | 1.0569 | 06/30/2025 |
| 4 | Tiger Pacific Capital LP | 6,476,524 | -281,454 | 23,445,016.88 | 7.7816 | 0.7473 | 06/30/2025 |
| 5 | First Beijing Investment Ltd. | 6,464,988 | 2,072,363 | 23,403,256.56 | 0.8403 | 0.7459 | 06/30/2025 |
| 6 | Charles Schwab Investment Management, Inc. | 5,393,134 | 382,004 | 19,523,145.08 | 0.0023 | 0.6223 | 06/30/2025 |
| 7 | SSgA Funds Management, Inc. | 5,042,177 | -316,577 | 18,252,680.74 | 0.0006 | 0.5818 | 06/30/2025 |
| 8 | Acadian Asset Management LLC | 4,843,977 | -324,673 | 17,535,196.74 | 0.0295 | 0.5589 | 06/30/2025 |
| 9 | BlackRock Fund Advisors | 4,171,153 | 173,302 | 15,099,573.86 | 0.0003 | 0.4813 | 06/30/2025 |
| 10 | TIAA-CREF Investment Management LLC | 3,350,960 | 337,900 | 12,130,475.2 | 0.0047 | 0.3866 | 06/30/2025 |
| 11 | First Sentier Investors RQI Pty Ltd. | 3,254,953 | 1,164,781 | 11,782,929.86 | 0.1431 | 0.3756 | 06/30/2025 |
| 12 | Vanguard Fiduciary Trust Co. | 2,658,809 | 1,169,508 | 9,624,888.58 | 0.0093 | 0.3068 | 06/30/2025 |
| 13 | Citadel Securities LLC | 2,511,678 | 2,349,393 | 9,092,274.36 | 0.0276 | 0.2898 | 06/30/2025 |
| 14 | Arrowstreet Capital LP | 2,168,162 | 2,080,678 | 7,848,746.44 | 0.0051 | 0.2502 | 06/30/2025 |
| 15 | Norges Bank Investment Management | 1,766,041 | 0 | 6,393,068.42 | 0.0004 | 0.2038 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Schwab Fundamental Emerging Markets Equity ETF | 4,424,068 | 355,317 | 16,015,126.16 | 0.206 | 0.5105 | 09/30/2025 |
| 2 | Vanguard Total International Stock Index Fund | 4,420,605 | 1,907,815 | 16,002,590.1 | 0.0029 | 0.5101 | 08/31/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 4,036,652 | 1,695,264 | 14,612,680.24 | 0.0102 | 0.4658 | 08/31/2025 |
| 4 | Baillie Gifford Overseas Growth Fund - Pacific Fund | 3,995,748 | -1,418,078 | 14,464,607.76 | 0.3901 | 0.461 | 09/30/2025 |
| 5 | iShares Core MSCI Emerging Markets ETF | 2,481,344 | 380,626 | 8,982,465.28 | 0.008 | 0.2863 | 09/30/2025 |
| 6 | Pacific Horizon Investment Trust Plc | 2,364,998 | -144,778 | 8,561,292.76 | 0.8435 | 0.2729 | 07/31/2025 |
| 7 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 2,312,081 | 1,007,635 | 8,369,733.22 | 0.003 | 0.2668 | 08/31/2025 |
| 8 | CREF Stock Account | 1,607,060 | -1,406,000 | 5,817,557.2 | 0.0043 | 0.1854 | 08/31/2025 |
| 9 | SPDR S&P Kensho New Economies Composite ETF | 1,567,664 | -1,057,468 | 5,674,943.68 | 0.2222 | 0.1809 | 09/30/2025 |
| 10 | State Street AUT Emerging Market Tilted Index Equity Fund | 1,360,800 | 694,200 | 4,926,096 | 0.0564 | 0.157 | 08/31/2025 |
| 11 | PIMCO RAE Emerging Markets Fund | 1,257,797 | -178,320 | 4,553,225.14 | 0.1876 | 0.1451 | 06/30/2025 |
| 12 | Nuveen Quant International Small Cap Equity Fund | 782,095 | -1,064,100 | 2,831,183.9 | 0.2129 | 0.0902 | 08/31/2025 |
| 13 | Schwab Fundamental Emerging Markets Equity Index Fund | 723,834 | 107,614 | 2,620,279.08 | 0.2086 | 0.0835 | 08/31/2025 |
| 14 | Vanguard FTSE All World (ex-US) Index Fund | 650,948 | 285,226 | 2,356,431.76 | 0.0031 | 0.0751 | 08/31/2025 |
| 15 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 541,443 | 24,072 | 1,960,023.66 | 0.0063 | 0.0625 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 9,159,990 | 3,730,501 | 33,159,163.8 | 0.0004 | 1.0569 | 06/30/2025 |
| 2 | Yunqi Capital Ltd. | 10,098,040 | 3,000,000 | 36,554,904.8 | 22.2804 | 1.1651 | 06/30/2025 |
| 3 | Citadel Securities LLC | 2,511,678 | 2,349,393 | 9,092,274.36 | 0.0276 | 0.2898 | 06/30/2025 |
| 4 | Arrowstreet Capital LP | 2,168,162 | 2,080,678 | 7,848,746.44 | 0.0051 | 0.2502 | 06/30/2025 |
| 5 | First Beijing Investment Ltd. | 6,464,988 | 2,072,363 | 23,403,256.56 | 0.8403 | 0.7459 | 06/30/2025 |
| 6 | Vanguard Fiduciary Trust Co. | 2,658,809 | 1,169,508 | 9,624,888.58 | 0.0093 | 0.3068 | 06/30/2025 |
| 7 | First Sentier Investors RQI Pty Ltd. | 3,254,953 | 1,164,781 | 11,782,929.86 | 0.1431 | 0.3756 | 06/30/2025 |
| 8 | Canada Pension Plan Investment Board | 815,600 | 815,600 | 2,952,472 | 0.0015 | 0.0941 | 06/30/2025 |
| 9 | State Street Global Advisors Ltd. | 1,660,494 | 704,572 | 6,010,988.28 | 0.0042 | 0.1916 | 09/30/2025 |
| 10 | Charles Schwab Investment Management, Inc. | 5,393,134 | 382,004 | 19,523,145.08 | 0.0023 | 0.6223 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | FIL Investment Advisors (UK) Ltd. | 0 | -2,081,789 | 0 | 0 | 0 | |
| 2 | Morgan Stanley & Co. LLC | 454,198 | -1,794,230 | 1,644,196.76 | 0.0006 | 0.0524 | 06/30/2025 |
| 3 | D. E. Shaw & Co. LP | 0 | -1,017,051 | 0 | 0 | 0 | |
| 4 | Baillie Gifford & Co. | 9,287,204 | -994,494 | 33,619,678.48 | 0.0169 | 1.0716 | 06/30/2025 |
| 5 | Citigroup Global Markets, Inc. (Investment Management) | 48,627 | -963,500 | 176,029.74 | 0.0001 | 0.0056 | 06/30/2025 |
| 6 | Caxton Associates LLP | 0 | -912,345 | 0 | 0 | 0 | |
| 7 | FIL Investment Management (Hong Kong) Ltd. | 0 | -834,913 | 0 | 0 | 0 | |
| 8 | Two Sigma Investments LP | 479,978 | -809,911 | 1,737,520.36 | 0.003 | 0.0554 | 06/30/2025 |
| 9 | Citadel Advisors LLC | 388,353 | -721,873 | 1,405,837.86 | 0.0016 | 0.0448 | 06/30/2025 |
| 10 | Catalyst Funds Management Pty Ltd. | 0 | -594,960 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.