| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 18,979,044 | -4,093,743 | 215,601,939.84 | 2.4957 | 4.1182 | 03/31/2026 |
| 2 | BlackRock Fund Advisors | 16,544,324 | 1,523,913 | 187,943,520.64 | 0.0036 | 3.5899 | 12/31/2025 |
| 3 | Fidelity Management & Research Co. LLC | 13,486,793 | -2,144,227 | 153,209,968.48 | 0.0075 | 2.9264 | 12/31/2025 |
| 4 | Vanguard Capital Management LLC | 12,895,380 | 12,895,380 | 146,491,516.8 | 0.0025 | 2.7981 | 03/31/2026 |
| 5 | Morgan Stanley & Co. LLC | 12,608,069 | -678,610 | 143,227,663.84 | 0.0466 | 2.7358 | 12/31/2025 |
| 6 | CoreView Capital Management Ltd. | 10,997,165 | 0 | 124,927,794.4 | 17.9006 | 2.3862 | 12/31/2025 |
| 7 | Robeco Institutional Asset Management BV | 10,750,078 | 10,481,228 | 122,120,886.08 | 0.0952 | 2.3326 | 03/31/2026 |
| 8 | UBS Asset Management (Americas) LLC | 9,020,426 | 9,020,426 | 102,472,039.36 | 0.059 | 1.9573 | 12/31/2025 |
| 9 | Bank of America, NA (Private Banking) | 8,816,492 | 94,166 | 100,155,349.12 | 0.0277 | 1.913 | 12/31/2025 |
| 10 | UBS Asset Management Switzerland AG | 8,780,780 | 8,780,780 | 99,749,660.8 | 0.0265 | 1.9053 | 12/31/2025 |
| 11 | Tiger Pacific Capital LP | 7,977,772 | -408,826 | 90,627,489.92 | 27.4235 | 1.7311 | 12/31/2025 |
| 12 | SSgA Funds Management, Inc. | 7,818,834 | 265,138 | 88,821,954.24 | 0.0026 | 1.6966 | 12/31/2025 |
| 13 | FIAM LLC | 7,076,844 | -363,045 | 80,392,947.84 | 0.0364 | 1.5356 | 12/31/2025 |
| 14 | UBS Asset Management (Hong Kong) Ltd. | 6,079,291 | 0 | 69,060,745.76 | 0.7825 | 1.3191 | 01/30/2026 |
| 15 | Arrowstreet Capital LP | 5,848,885 | 1,274,883 | 66,443,333.6 | 0.0332 | 1.2691 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 18,947,295 | -2,532,930 | 215,241,271.2 | 3.2613 | 4.1113 | 04/30/2026 |
| 2 | Vanguard Total International Stock Index Fund | 5,938,963 | 47,345 | 67,466,619.68 | 0.0103 | 1.2887 | 03/31/2026 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 5,617,511 | 168,291 | 63,814,924.96 | 0.0375 | 1.2189 | 03/31/2026 |
| 4 | iShares Core MSCI Emerging Markets ETF | 4,630,797 | 611,117 | 52,605,853.92 | 0.0329 | 1.0048 | 04/30/2026 |
| 5 | Government Pension Fund - Global (The) | 4,505,740 | 481,630 | 51,185,206.4 | 0.0028 | 0.9777 | 12/31/2025 |
| 6 | UBS Lux Equity Fund - China Opportunity USD | 3,336,123 | 0 | 37,898,357.28 | 1.137 | 0.7239 | 01/30/2026 |
| 7 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 3,006,610 | -71,961 | 34,155,089.6 | 0.0107 | 0.6524 | 03/31/2026 |
| 8 | BOCOM Schroder CSI Overseas China Internet Index Fund | 2,311,560 | -511,172 | 26,259,321.6 | 2.9024 | 0.5016 | 12/31/2025 |
| 9 | Robeco Capital Gr. Fds. - QI Emerging Markets Active Equities | 2,280,702 | 2,280,702 | 25,908,774.72 | 0.3679 | 0.4949 | 03/31/2026 |
| 10 | KraneShares ICAV - CSI China Internet UCITS ETF | 1,942,040 | -87,639 | 22,061,574.4 | 3.2119 | 0.4214 | 04/30/2026 |
| 11 | E Fund CSI Overseas China Internet 50 ETF | 1,918,588 | 157,396 | 21,795,159.68 | 0.4512 | 0.4163 | 12/31/2025 |
| 12 | UBS Lux Equity SICAV - All China USD | 1,729,354 | 0 | 19,645,461.44 | 1.531 | 0.3752 | 01/30/2026 |
| 13 | iShares IV Plc - MSCI China Tech UCITS ETF | 1,633,509 | -129,083 | 18,556,662.24 | 0.8401 | 0.3544 | 04/30/2026 |
| 14 | Causeway Emerging Markets Fund | 1,506,992 | 1,506,992 | 17,119,429.12 | 0.4198 | 0.327 | 03/31/2026 |
| 15 | iShares plc - Core MSCI Emerging Markets IMI UCITS ETF | 1,387,301 | 167,708 | 15,759,739.36 | 0.0357 | 0.301 | 04/30/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 12,895,380 | 12,895,380 | 146,491,516.8 | 0.0025 | 2.7981 | 03/31/2026 |
| 2 | Robeco Institutional Asset Management BV | 10,750,078 | 10,481,228 | 122,120,886.08 | 0.0952 | 2.3326 | 03/31/2026 |
| 3 | UBS Asset Management (Americas) LLC | 9,020,426 | 9,020,426 | 102,472,039.36 | 0.059 | 1.9573 | 12/31/2025 |
| 4 | UBS Asset Management Switzerland AG | 8,780,780 | 8,780,780 | 99,749,660.8 | 0.0265 | 1.9053 | 12/31/2025 |
| 5 | Connor, Clark & Lunn Investment Management Ltd. | 3,431,495 | 2,059,068 | 38,981,783.2 | 0.0741 | 0.7446 | 03/31/2026 |
| 6 | UBS Asset Management (UK) Ltd. | 1,752,363 | 1,752,363 | 19,906,843.68 | 0.0072 | 0.3802 | 12/31/2025 |
| 7 | BlackRock Fund Advisors | 16,544,324 | 1,523,913 | 187,943,520.64 | 0.0036 | 3.5899 | 12/31/2025 |
| 8 | Acadian Asset Management LLC | 3,231,662 | 1,440,180 | 36,711,680.32 | 0.0472 | 0.7012 | 12/31/2025 |
| 9 | Arrowstreet Capital LP | 5,848,885 | 1,274,883 | 66,443,333.6 | 0.0332 | 1.2691 | 12/31/2025 |
| 10 | SEB Asset Management AB | 1,144,214 | 1,144,214 | 12,998,271.04 | 0.0506 | 0.2483 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 0 | -12,531,297 | 0 | 0 | 0 | |
| 2 | Krane Funds Advisors LLC | 18,979,044 | -4,093,743 | 215,601,939.84 | 2.4957 | 4.1182 | 03/31/2026 |
| 3 | BofA Securities, Inc. | 1,807,009 | -3,269,464 | 20,527,622.24 | 0.0301 | 0.3921 | 12/31/2025 |
| 4 | Capitolis Liquid Global Markets LLC | 4,779,700 | -2,281,700 | 54,297,392 | 0.3039 | 1.0371 | 12/31/2025 |
| 5 | Fidelity Management & Research Co. LLC | 13,486,793 | -2,144,227 | 153,209,968.48 | 0.0075 | 2.9264 | 12/31/2025 |
| 6 | JPMorgan Securities LLC (Investment Management) | 401,698 | -2,101,352 | 4,563,289.28 | 0.0028 | 0.0872 | 12/31/2025 |
| 7 | Renaissance Technologies LLC | 0 | -2,024,700 | 0 | 0 | 0 | |
| 8 | NBC Global Finance Ltd. | 1,669,800 | -1,890,000 | 18,968,928 | 0.0804 | 0.3623 | 12/31/2025 |
| 9 | Nomura Investment Management Business Trust | 4,733,473 | -1,255,760 | 53,772,253.28 | 0.0651 | 1.0271 | 12/31/2025 |
| 10 | Healthcare of Ontario Pension Plan | 3,112,200 | -1,017,500 | 35,354,592 | 0.0533 | 0.6753 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.