| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 18,979,044 | -4,093,743 | 169,862,443.8 | 2.2659 | 4.1182 | 03/31/2026 |
| 2 | BlackRock Fund Advisors | 16,132,532 | 1,112,121 | 144,386,161.4 | 0.0028 | 3.5005 | 03/31/2026 |
| 3 | Vanguard Capital Management LLC | 12,895,380 | 12,895,380 | 115,413,651 | 0.002 | 2.7981 | 03/31/2026 |
| 4 | Morgan Stanley & Co. LLC | 11,941,820 | -1,344,859 | 106,879,289 | 0.0317 | 2.5912 | 03/31/2026 |
| 5 | CoreView Capital Management Ltd. | 10,997,165 | 0 | 98,424,626.75 | 23.4461 | 2.3862 | 03/31/2026 |
| 6 | Robeco Institutional Asset Management BV | 10,750,078 | 10,481,228 | 96,213,198.1 | 0.077 | 2.3326 | 03/31/2026 |
| 7 | Tiger Pacific Capital LP | 7,977,772 | -408,826 | 71,401,059.4 | 38.51 | 1.7311 | 03/31/2026 |
| 8 | SSgA Funds Management, Inc. | 7,705,520 | 151,824 | 68,964,404 | 0.002 | 1.672 | 03/31/2026 |
| 9 | Acadian Asset Management LLC | 7,471,896 | 5,680,414 | 66,873,469.2 | 0.0718 | 1.6213 | 03/31/2026 |
| 10 | Arrowstreet Capital LP | 7,395,434 | 2,821,432 | 66,189,134.3 | 0.0305 | 1.6047 | 03/31/2026 |
| 11 | Bank of America, NA (Private Banking) | 6,116,339 | -2,605,987 | 54,741,234.05 | 0.0149 | 1.3272 | 03/31/2026 |
| 12 | UBS Asset Management (Hong Kong) Ltd. | 6,079,291 | 0 | 54,409,654.45 | 0.6924 | 1.3191 | 02/27/2026 |
| 13 | BlackRock Advisors (UK) Ltd. | 5,914,845 | 729,498 | 52,937,862.75 | 0.005 | 1.2834 | 03/31/2026 |
| 14 | Goldman Sachs & Co. LLC (Private Banking) | 5,434,113 | -545,836 | 48,635,311.35 | 0.0149 | 1.1791 | 03/31/2026 |
| 15 | Serenity Capital Management Pte Ltd. | 4,730,377 | 0 | 42,336,874.15 | 12.4179 | 1.0264 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 19,624,243 | -1,992,332 | 175,636,974.85 | 3.1742 | 4.2582 | 05/29/2026 |
| 2 | Vanguard Total International Stock Index Fund | 5,958,385 | 28,398 | 53,327,545.75 | 0.008 | 1.2929 | 05/31/2026 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 5,625,977 | 142,606 | 50,352,494.15 | 0.0299 | 1.2208 | 05/31/2026 |
| 4 | iShares Core MSCI Emerging Markets ETF | 4,630,797 | 447,755 | 41,445,633.15 | 0.0256 | 1.0048 | 05/29/2026 |
| 5 | Government Pension Fund - Global (The) | 4,505,740 | 481,630 | 40,326,373 | 0.0022 | 0.9777 | 12/31/2025 |
| 6 | UBS Lux Equity Fund - China Opportunity USD | 3,336,123 | 0 | 29,858,300.85 | 1.0711 | 0.7239 | 02/27/2026 |
| 7 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 3,009,148 | -81,675 | 26,931,874.6 | 0.0081 | 0.6529 | 05/31/2026 |
| 8 | Robeco Capital Gr. Fds. - QI Emerging Markets Active Equities | 2,490,442 | 2,490,442 | 22,289,455.9 | 0.3017 | 0.5404 | 04/30/2026 |
| 9 | BOCOM Schroder CSI Overseas China Internet Index Fund | 2,311,560 | -511,172 | 20,688,462 | 2.7669 | 0.5016 | 12/31/2025 |
| 10 | KraneShares ICAV - CSI China Internet UCITS ETF | 2,203,726 | -669,583 | 19,723,347.7 | 3.2018 | 0.4782 | 05/29/2026 |
| 11 | E Fund CSI Overseas China Internet 50 ETF | 1,918,588 | 157,396 | 17,171,362.6 | 0.4439 | 0.4163 | 12/31/2025 |
| 12 | iShares IV Plc - MSCI China Tech UCITS ETF | 1,745,308 | 41,516 | 15,620,506.6 | 0.6749 | 0.3787 | 05/29/2026 |
| 13 | UBS Lux Equity SICAV - All China USD | 1,729,354 | 0 | 15,477,718.3 | 1.4098 | 0.3752 | 02/27/2026 |
| 14 | Causeway Emerging Markets Fund | 1,506,992 | 1,506,992 | 13,487,578.4 | 0.3277 | 0.327 | 03/31/2026 |
| 15 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 1,387,301 | 154,092 | 12,416,343.95 | 0.0278 | 0.301 | 05/29/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 12,895,380 | 12,895,380 | 115,413,651 | 0.002 | 2.7981 | 03/31/2026 |
| 2 | Robeco Institutional Asset Management BV | 10,750,078 | 10,481,228 | 96,213,198.1 | 0.077 | 2.3326 | 03/31/2026 |
| 3 | Acadian Asset Management LLC | 7,471,896 | 5,680,414 | 66,873,469.2 | 0.0718 | 1.6213 | 03/31/2026 |
| 4 | Causeway Capital Management LLC | 3,478,417 | 3,478,417 | 31,131,832.15 | 0.0604 | 0.7548 | 03/31/2026 |
| 5 | Arrowstreet Capital LP | 7,395,434 | 2,821,432 | 66,189,134.3 | 0.0305 | 1.6047 | 03/31/2026 |
| 6 | Connor, Clark & Lunn Investment Management Ltd. | 3,431,495 | 2,059,068 | 30,711,880.25 | 0.0589 | 0.7446 | 03/31/2026 |
| 7 | Point72 Asset Management LP | 1,663,111 | 1,663,111 | 14,884,843.45 | 0.0215 | 0.3609 | 03/31/2026 |
| 8 | SEB Asset Management AB | 1,144,214 | 1,144,214 | 10,240,715.3 | 0.038 | 0.2483 | 03/31/2026 |
| 9 | BlackRock Fund Advisors | 16,132,532 | 1,112,121 | 144,386,161.4 | 0.0028 | 3.5005 | 03/31/2026 |
| 10 | Numeric Investors LLC | 1,312,433 | 997,466 | 11,746,275.35 | 0.0278 | 0.2848 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 1,545,519 | -14,085,501 | 13,832,395.05 | 0.0007 | 0.3354 | 03/31/2026 |
| 2 | The Vanguard Group, Inc. | 0 | -12,531,297 | 0 | 0 | 0 | |
| 3 | FIAM LLC | 559,731 | -6,880,158 | 5,009,592.45 | 0.0021 | 0.1215 | 03/31/2026 |
| 4 | Nomura Investment Management Business Trust | 600,000 | -5,389,233 | 5,370,000 | 0.006 | 0.1302 | 03/31/2026 |
| 5 | BofA Securities, Inc. | 0 | -5,076,473 | 0 | 0 | 0 | |
| 6 | Krane Funds Advisors LLC | 18,979,044 | -4,093,743 | 169,862,443.8 | 2.2659 | 4.1182 | 03/31/2026 |
| 7 | Capitolis Liquid Global Markets LLC | 3,189,900 | -3,871,500 | 28,549,605 | 0.1621 | 0.6922 | 03/31/2026 |
| 8 | Bank of America, NA (Private Banking) | 6,116,339 | -2,605,987 | 54,741,234.05 | 0.0149 | 1.3272 | 03/31/2026 |
| 9 | JPMorgan Securities LLC (Investment Management) | 1,699 | -2,501,351 | 15,206.05 | 0 | 0.0004 | 03/31/2026 |
| 10 | NBC Global Finance Ltd. | 1,507,900 | -2,051,900 | 13,495,705 | 0.0538 | 0.3272 | 03/31/2026 |
Data provided by FactSet Research Systems Inc.