| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Yunqi Capital Ltd. | 10,950,138 | 0 | 21,024,264.96 | 15.2375 | 1.3065 | 12/31/2025 |
| 2 | The Vanguard Group, Inc. | 9,513,893 | 56,637 | 18,266,674.56 | 0.0002 | 1.1352 | 12/31/2025 |
| 3 | Alpine Investment Management Ltd. | 8,106,500 | 3,881,500 | 15,564,480 | 6.6987 | 0.9673 | 12/31/2025 |
| 4 | Baillie Gifford & Co. | 7,942,847 | -464,449 | 15,250,266.24 | 0.0089 | 0.9477 | 12/31/2025 |
| 5 | Acadian Asset Management LLC | 6,723,451 | -629,460 | 12,909,025.92 | 0.0172 | 0.8022 | 12/31/2025 |
| 6 | Charles Schwab Investment Management, Inc. | 5,802,005 | 240,225 | 11,139,849.6 | 0.0012 | 0.6923 | 12/31/2025 |
| 7 | BlackRock Fund Advisors | 4,535,654 | 72,882 | 8,708,455.68 | 0.0002 | 0.5412 | 12/31/2025 |
| 8 | Fidelity Management & Research (Hong Kong) Ltd. | 3,947,300 | 2,730,718 | 7,578,816 | 0.0462 | 0.471 | 02/28/2026 |
| 9 | Fidelity Management & Research (Japan) Ltd. | 3,947,300 | 1,730,718 | 7,578,816 | 0.4711 | 0.471 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 3,914,555 | -743,329 | 7,515,945.6 | 0.0002 | 0.4671 | 12/31/2025 |
| 11 | Norges Bank Investment Management | 3,151,227 | 1,385,186 | 6,050,355.84 | 0.0004 | 0.376 | 12/31/2025 |
| 12 | Vanguard Fiduciary Trust Co. | 2,667,486 | -20,659 | 5,121,573.12 | 0.0011 | 0.3183 | 12/31/2025 |
| 13 | State Street Global Advisors Ltd. | 1,662,329 | -5,219 | 3,191,671.68 | 0.0021 | 0.1983 | 03/31/2026 |
| 14 | Legal & General Investment Management Ltd. | 1,554,933 | 798,950 | 2,985,471.36 | 0.001 | 0.1855 | 12/31/2025 |
| 15 | Pacific Investment Management Co. LLC | 1,253,309 | 0 | 2,406,353.28 | 0.0065 | 0.1495 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Total International Stock Index Fund | 4,500,113 | -16,026 | 8,640,216.96 | 0.0014 | 0.5369 | 03/31/2026 |
| 2 | Vanguard Emerging Markets Stock Index Fund | 4,221,928 | 185,276 | 8,106,101.76 | 0.0049 | 0.5038 | 03/31/2026 |
| 3 | Baillie Gifford Overseas Growth Fund - Pacific Fund | 3,995,604 | -144 | 7,671,559.68 | 0.1585 | 0.4767 | 03/31/2026 |
| 4 | Fidelity Inv. Trust - Pacific Basin Fund | 3,947,300 | 2,730,718 | 7,578,816 | 0.6573 | 0.471 | 02/28/2026 |
| 5 | Schwab Fundamental Emerging Markets Equity ETF | 3,831,933 | -592,135 | 7,357,311.36 | 0.0785 | 0.4572 | 03/31/2026 |
| 6 | iShares Core MSCI Emerging Markets ETF | 2,833,474 | 352,130 | 5,440,270.08 | 0.0036 | 0.3381 | 03/31/2026 |
| 7 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 2,253,534 | -87,883 | 4,326,785.28 | 0.0014 | 0.2689 | 03/31/2026 |
| 8 | Pacific Horizon Investment Trust Plc | 1,999,769 | -225,315 | 3,839,556.48 | 0.2856 | 0.2386 | 01/31/2026 |
| 9 | State Street AUT Emerging Market Tilted Index Equity Fund | 1,411,000 | 50,200 | 2,709,120 | 0.0256 | 0.1684 | 02/28/2026 |
| 10 | PIMCO RAE Emerging Markets Fund | 1,033,618 | 0 | 1,984,546.56 | 0.0704 | 0.1233 | 12/31/2025 |
| 11 | R-co 2 SICAV - Thematic Blockchain Global Equity | 790,544 | 335,802 | 1,517,844.48 | 1.0843 | 0.0943 | 12/31/2025 |
| 12 | State Street SPDR S&P Kensho New Economies Composite ETF | 754,582 | -813,082 | 1,448,797.44 | 0.0551 | 0.09 | 03/31/2026 |
| 13 | Vanguard FTSE All World (ex-US) Index Fund | 688,126 | 37,178 | 1,321,201.92 | 0.0015 | 0.0821 | 03/31/2026 |
| 14 | Schwab Fundamental Emerging Markets Equity Index Fund | 680,622 | -48,535 | 1,306,794.24 | 0.0776 | 0.0812 | 03/31/2026 |
| 15 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 618,505 | 77,062 | 1,187,529.6 | 0.0029 | 0.0738 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alpine Investment Management Ltd. | 8,106,500 | 3,881,500 | 15,564,480 | 6.6987 | 0.9673 | 12/31/2025 |
| 2 | Fidelity Management & Research (Hong Kong) Ltd. | 3,947,300 | 2,730,718 | 7,578,816 | 0.0462 | 0.471 | 02/28/2026 |
| 3 | Fidelity Management & Research (Japan) Ltd. | 3,947,300 | 1,730,718 | 7,578,816 | 0.4711 | 0.471 | 12/31/2025 |
| 4 | Norges Bank Investment Management | 3,151,227 | 1,385,186 | 6,050,355.84 | 0.0004 | 0.376 | 12/31/2025 |
| 5 | Legal & General Investment Management Ltd. | 1,554,933 | 798,950 | 2,985,471.36 | 0.001 | 0.1855 | 12/31/2025 |
| 6 | Morgan Stanley & Co. LLC | 610,639 | 348,751 | 1,172,426.88 | 0.0004 | 0.0729 | 12/31/2025 |
| 7 | Rothschild & Co. Asset Management SCS | 790,544 | 335,802 | 1,517,844.48 | 0.0111 | 0.0943 | 12/31/2025 |
| 8 | Mellon Investments Corp. | 301,276 | 301,276 | 578,449.92 | 0.0002 | 0.0359 | 12/31/2025 |
| 9 | Charles Schwab Investment Management, Inc. | 5,802,005 | 240,225 | 11,139,849.6 | 0.0012 | 0.6923 | 12/31/2025 |
| 10 | Fideuram Asset Management (Ireland) DAC | 220,703 | 220,703 | 423,749.76 | 0.0035 | 0.0263 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Tiger Pacific Capital LP | 0 | -5,472,835 | 0 | 0 | 0 | |
| 2 | Renaissance Technologies LLC | 0 | -1,347,319 | 0 | 0 | 0 | |
| 3 | Marshall Wace LLP | 0 | -985,283 | 0 | 0 | 0 | |
| 4 | UBS Securities LLC | 206,111 | -825,169 | 395,733.12 | 0.0002 | 0.0246 | 12/31/2025 |
| 5 | SSgA Funds Management, Inc. | 3,914,555 | -743,329 | 7,515,945.6 | 0.0002 | 0.4671 | 12/31/2025 |
| 6 | Acadian Asset Management LLC | 6,723,451 | -629,460 | 12,909,025.92 | 0.0172 | 0.8022 | 12/31/2025 |
| 7 | Balyasny Asset Management LP | 0 | -571,051 | 0 | 0 | 0 | |
| 8 | Susquehanna Financial Group LLLP | 559,805 | -529,052 | 1,074,825.6 | 0.0014 | 0.0668 | 12/31/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 348,727 | -528,077 | 669,555.84 | 0.0003 | 0.0416 | 12/31/2025 |
| 10 | Jane Street Capital LLC | 1,003,517 | -516,944 | 1,926,752.64 | 0.0021 | 0.1197 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.