| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | First Beijing Investment Ltd. | 10,105,965 | 2,990,633 | 601,810,215.75 | 15.443 | 6.1799 | 12/31/2025 |
| 2 | GIC Pte Ltd. (Investment Management) | 6,434,718 | 0 | 383,187,456.9 | 0.4751 | 3.9349 | 06/30/2025 |
| 3 | Invesco Asset Management Ltd. | 4,007,630 | 4,007,630 | 238,654,366.5 | 0.2271 | 2.4507 | 12/31/2025 |
| 4 | Renaissance Technologies LLC | 3,002,664 | -365,190 | 178,808,641.2 | 0.2731 | 1.8362 | 12/31/2025 |
| 5 | Morgan Stanley & Co. LLC | 2,993,799 | -1,362,185 | 178,280,730.45 | 0.0628 | 1.8307 | 12/31/2025 |
| 6 | Discerene Group LP | 1,955,430 | 374,916 | 116,445,856.5 | 11.0998 | 1.1958 | 12/31/2025 |
| 7 | Point72 Asset Management LP | 1,754,094 | 1,372,494 | 104,456,297.7 | 0.1581 | 1.0727 | 12/31/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 1,702,726 | -290,824 | 101,397,333.3 | 0.0447 | 1.0412 | 12/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 1,501,691 | -562,500 | 89,425,699.05 | 0.0266 | 0.9183 | 12/31/2025 |
| 10 | Alkeon Capital Management LLC | 1,447,986 | -745,500 | 86,227,566.3 | 0.3176 | 0.8855 | 12/31/2025 |
| 11 | Rothschild & Co. Asset Management SCS | 1,339,868 | 7,877 | 79,789,139.4 | 0.5838 | 0.8193 | 12/31/2025 |
| 12 | Greenwoods Investments SG Pte Ltd. | 1,328,218 | 0 | 79,095,381.9 | 2.0323 | 0.8122 | 12/31/2025 |
| 13 | Fidelity Management & Research Co. LLC | 924,315 | 505,049 | 55,042,958.25 | 0.003 | 0.5652 | 12/31/2025 |
| 14 | Cederberg Capital Ltd. | 899,718 | -28,800 | 53,578,206.9 | 13.4465 | 0.5502 | 12/31/2025 |
| 15 | Healthcare of Ontario Pension Plan | 887,500 | -467,900 | 52,850,625 | 0.0867 | 0.5427 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 10,341,790 | 0 | 615,853,594.5 | 0.0379 | 6.3241 | 06/30/2025 |
| 2 | Invesco Developing Markets Fund | 1,727,080 | 1,727,080 | 102,847,614 | 1.0052 | 1.0561 | 12/31/2025 |
| 3 | R-co Valor Fund | 1,181,664 | 0 | 70,368,091.2 | 0.7591 | 0.7226 | 10/31/2025 |
| 4 | Invesco Far Eastern Invt. Ser. - Asian Fund (UK) | 1,107,635 | 1,107,635 | 65,959,664.25 | 1.4773 | 0.6773 | 01/30/2026 |
| 5 | Principal Islamic Asia Pacific Dynamic Equity Fund | 860,900 | 0 | 51,266,595 | 4.5885 | 0.5265 | 04/30/2024 |
| 6 | Orbis SICAV - Emerging Markets Equity Fund | 806,305 | 806,305 | 48,015,462.75 | 1.3966 | 0.4931 | 12/31/2025 |
| 7 | ACAP Strategic Fund | 714,398 | -367,673 | 42,542,400.9 | 0.3695 | 0.4369 | 09/30/2025 |
| 8 | Fidelity Inv. Trust - Emerging Markets Opportunities Fund | 611,650 | 611,650 | 36,423,757.5 | 0.1227 | 0.374 | 12/31/2025 |
| 9 | Schroder ISF - Asian Opportunities | 551,267 | 0 | 32,827,949.85 | 0.4541 | 0.3371 | 12/31/2025 |
| 10 | Invesco Funds - Asian Equity Fund | 515,431 | 515,431 | 30,693,916.05 | 0.7059 | 0.3152 | 01/30/2026 |
| 11 | UBS Lux Equity Fund - China Opportunity USD | 392,421 | 0 | 23,368,670.55 | 0.6733 | 0.24 | 10/31/2025 |
| 12 | Macquarie Emerging Markets Fund | 300,000 | -500,000 | 17,865,000 | 0.164 | 0.1835 | 12/31/2025 |
| 13 | Advantage Advisers Xanthus Fund | 203,852 | -109,839 | 12,139,386.6 | 0.3779 | 0.1247 | 12/31/2025 |
| 14 | FIAM Emerging Markets Opportunities Commingled Pool | 176,814 | 176,814 | 10,529,273.7 | 0.1199 | 0.1081 | 12/31/2025 |
| 15 | Carmignac Emergents | 162,068 | 0 | 9,651,149.4 | 0.6946 | 0.0991 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Invesco Asset Management Ltd. | 4,007,630 | 4,007,630 | 238,654,366.5 | 0.2271 | 2.4507 | 12/31/2025 |
| 2 | First Beijing Investment Ltd. | 10,105,965 | 2,990,633 | 601,810,215.75 | 15.443 | 6.1799 | 12/31/2025 |
| 3 | Point72 Asset Management LP | 1,754,094 | 1,372,494 | 104,456,297.7 | 0.1581 | 1.0727 | 12/31/2025 |
| 4 | Orbis Investment Management Ltd. | 837,551 | 837,551 | 49,876,162.05 | 0.1193 | 0.5122 | 12/31/2025 |
| 5 | Hermes Investment Management Ltd. | 742,249 | 742,249 | 44,200,927.95 | 0.2394 | 0.4539 | 12/31/2025 |
| 6 | UBS Asset Management (Americas) LLC | 816,640 | 672,459 | 48,630,912 | 0.0305 | 0.4994 | 12/31/2025 |
| 7 | Schroder Investment Management (Singapore) Ltd. | 610,087 | 604,100 | 36,330,680.85 | 0.3129 | 0.3731 | 12/31/2025 |
| 8 | Invesco Advisers, Inc. | 527,456 | 527,456 | 31,410,004.8 | 0.0133 | 0.3225 | 12/31/2025 |
| 9 | Fidelity Management & Research Co. LLC | 924,315 | 505,049 | 55,042,958.25 | 0.003 | 0.5652 | 12/31/2025 |
| 10 | Serenity Capital Management Pte Ltd. | 656,878 | 411,380 | 39,117,084.9 | 9.7091 | 0.4017 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. LLC | 2,993,799 | -1,362,185 | 178,280,730.45 | 0.0628 | 1.8307 | 12/31/2025 |
| 2 | JPMorgan Securities LLC (Investment Management) | 93,917 | -1,233,705 | 5,592,757.35 | 0.0037 | 0.0574 | 12/31/2025 |
| 3 | UBS Securities LLC | 594,063 | -1,113,041 | 35,376,451.65 | 0.0143 | 0.3633 | 12/31/2025 |
| 4 | Brilliance Asset Management Ltd. (China) | 0 | -1,016,471 | 0 | 0 | 0 | |
| 5 | Farallon Capital Management LLC | 196,000 | -959,150 | 11,671,800 | 0.0688 | 0.1199 | 12/31/2025 |
| 6 | BlackRock Fund Advisors | 274,403 | -783,631 | 16,340,698.65 | 0.0003 | 0.1678 | 12/31/2025 |
| 7 | Alkeon Capital Management LLC | 1,447,986 | -745,500 | 86,227,566.3 | 0.3176 | 0.8855 | 12/31/2025 |
| 8 | NBC Global Finance Ltd. | 268,400 | -652,600 | 15,983,220 | 0.0743 | 0.1641 | 12/31/2025 |
| 9 | Schroder Investment Management (Taiwan) Ltd. | 0 | -639,234 | 0 | 0 | 0 | |
| 10 | Norges Bank Investment Management | 0 | -623,886 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.