| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 18,388,361 | -3,039,622 | 184,986,911.66 | 1.7627 | 4.014 | 06/30/2025 |
| 2 | Morgan Stanley & Co. LLC | 16,057,727 | -4,157,249 | 161,540,733.62 | 0.0556 | 3.5053 | 06/30/2025 |
| 3 | Fidelity Management & Research Co. LLC | 15,371,715 | 511,546 | 154,639,452.9 | 0.0088 | 3.3555 | 06/30/2025 |
| 4 | BlackRock Fund Advisors | 13,455,775 | 569,014 | 135,365,096.5 | 0.0031 | 2.9373 | 06/30/2025 |
| 5 | The Vanguard Group, Inc. | 12,512,843 | 98,454 | 125,879,200.58 | 0.0017 | 2.7315 | 06/30/2025 |
| 6 | Healthcare of Ontario Pension Plan | 11,326,800 | 2,912,300 | 113,947,608 | 0.216 | 2.4726 | 06/30/2025 |
| 7 | UBS Asset Management Switzerland AG | 9,832,837 | -514,201 | 98,918,340.22 | 0.022 | 2.1464 | 06/30/2025 |
| 8 | Bank of America, NA (Private Banking) | 9,259,533 | -988,242 | 93,150,901.98 | 0.0294 | 2.0213 | 06/30/2025 |
| 9 | Tiger Pacific Capital LP | 9,233,398 | 541,919 | 92,887,983.88 | 30.8303 | 2.0156 | 06/30/2025 |
| 10 | SSgA Funds Management, Inc. | 7,536,671 | 165,662 | 75,818,910.26 | 0.0026 | 1.6452 | 06/30/2025 |
| 11 | FIAM LLC | 7,061,697 | -413,072 | 71,040,671.82 | 0.0397 | 1.5415 | 06/30/2025 |
| 12 | Coreview Capital Management Ltd. | 7,007,165 | 5,000,000 | 70,492,079.9 | 8.4848 | 1.5296 | 06/30/2025 |
| 13 | UBS Asset Management (Hong Kong) Ltd. | 6,542,195 | -497,855 | 65,814,481.7 | 0.7828 | 1.4281 | 08/29/2025 |
| 14 | Goldman Sachs & Co. LLC (Private Banking) | 6,266,203 | -1,155,047 | 63,038,002.18 | 0.0261 | 1.3679 | 06/30/2025 |
| 15 | Macquarie Investment Management Business Trust | 6,009,191 | 0 | 60,452,461.46 | 0.0631 | 1.3118 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 20,789,385 | 918,905 | 209,141,213.1 | 2.2399 | 4.5382 | 09/30/2025 |
| 2 | Fidelity Advisor Focused Emerging Markets Fund | 8,425,141 | 1,456,800 | 84,756,918.46 | 0.8811 | 1.8391 | 08/31/2025 |
| 3 | Vanguard Total International Stock Index Fund | 5,891,610 | 44,415 | 59,269,596.6 | 0.0107 | 1.2861 | 08/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 5,462,099 | 147,708 | 54,948,715.94 | 0.0383 | 1.1923 | 08/31/2025 |
| 5 | Macquarie Emerging Markets Fund | 5,361,736 | 0 | 53,939,064.16 | 0.695 | 1.1704 | 08/29/2025 |
| 6 | Government Pension Fund - Global (The) | 4,024,110 | -3,224,216 | 40,482,546.6 | 0.0027 | 0.8784 | 06/30/2025 |
| 7 | iShares Core MSCI Emerging Markets ETF | 3,996,752 | 270,973 | 40,207,325.12 | 0.036 | 0.8725 | 09/30/2025 |
| 8 | Strategic Advisers Fidelity Emerging Markets Fund | 3,777,000 | 76,259 | 37,996,620 | 0.1256 | 0.8245 | 08/31/2025 |
| 9 | UBS Lux Equity Fund - China Opportunity USD | 3,503,623 | -497,855 | 35,246,447.38 | 1.0591 | 0.7648 | 06/30/2025 |
| 10 | BOCOM Schroder CSI Overseas China Internet Index Fund | 3,403,070 | 0 | 34,234,884.2 | 2.0441 | 0.7429 | 12/31/2024 |
| 11 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 3,061,892 | 28,273 | 30,802,633.52 | 0.0109 | 0.6684 | 08/31/2025 |
| 12 | UBS Lux Equity SICAV - All China USD | 2,103,154 | 0 | 21,157,729.24 | 1.4711 | 0.4591 | 06/30/2025 |
| 13 | KraneShares ICAV - CSI China Internet UCITS ETF | 1,824,939 | 270,676 | 18,358,886.34 | 2.2544 | 0.3984 | 09/30/2025 |
| 14 | E Fund CSI Overseas China Internet 50 ETF | 1,761,192 | -478,369 | 17,717,591.52 | 0.3073 | 0.3845 | 06/30/2025 |
| 15 | iShares IV Plc - MSCI China Tech UCITS ETF | 1,512,140 | 998,124 | 15,212,128.4 | 0.7784 | 0.3301 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Coreview Capital Management Ltd. | 7,007,165 | 5,000,000 | 70,492,079.9 | 8.4848 | 1.5296 | 06/30/2025 |
| 2 | Healthcare of Ontario Pension Plan | 11,326,800 | 2,912,300 | 113,947,608 | 0.216 | 2.4726 | 06/30/2025 |
| 3 | Capitolis Liquid Global Markets LLC | 2,783,900 | 2,783,900 | 28,006,034 | 0.1923 | 0.6077 | 06/30/2025 |
| 4 | BofA Securities, Inc. | 4,659,389 | 2,679,095 | 46,873,453.34 | 0.0826 | 1.0171 | 06/30/2025 |
| 5 | UBS Asset Management (Americas) LLC | 2,369,590 | 1,770,468 | 23,838,075.4 | 0.0176 | 0.5173 | 06/30/2025 |
| 6 | BlackRock Fund Advisors | 13,455,775 | 569,014 | 135,365,096.5 | 0.0031 | 2.9373 | 06/30/2025 |
| 7 | Tiger Pacific Capital LP | 9,233,398 | 541,919 | 92,887,983.88 | 30.8303 | 2.0156 | 06/30/2025 |
| 8 | Fidelity Management & Research Co. LLC | 15,371,715 | 511,546 | 154,639,452.9 | 0.0088 | 3.3555 | 06/30/2025 |
| 9 | Long Focus Capital Management LLC | 1,117,300 | 490,000 | 11,240,038 | 0.6502 | 0.2439 | 06/30/2025 |
| 10 | TBP Investment Advisory (HK) Ltd. | 454,800 | 454,800 | 4,575,288 | 0.7182 | 0.0993 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. LLC | 16,057,727 | -4,157,249 | 161,540,733.62 | 0.0556 | 3.5053 | 06/30/2025 |
| 2 | UBS Securities LLC | 1,725,618 | -4,040,944 | 17,359,717.08 | 0.0073 | 0.3767 | 06/30/2025 |
| 3 | Arrowstreet Capital LP | 111,853 | -3,868,408 | 1,125,241.18 | 0.0007 | 0.0244 | 06/30/2025 |
| 4 | Fidelity Management & Research (Hong Kong) Ltd. | 2,127,368 | -3,346,400 | 21,401,322.08 | 0.1596 | 0.4644 | 08/31/2025 |
| 5 | Norges Bank Investment Management | 4,024,110 | -3,224,217 | 40,482,546.6 | 0.0028 | 0.8784 | 06/30/2025 |
| 6 | Krane Funds Advisors LLC | 18,388,361 | -3,039,622 | 184,986,911.66 | 1.7627 | 4.014 | 06/30/2025 |
| 7 | Marshall Wace LLP | 0 | -3,015,283 | 0 | 0 | 0 | |
| 8 | Citigroup Global Markets, Inc. (Broker) | 72,689 | -2,871,690 | 731,251.34 | 0.0028 | 0.0159 | 06/30/2025 |
| 9 | MY.Alpha Management (HK) Advisors Ltd. | 0 | -2,734,175 | 0 | 0 | 0 | |
| 10 | Pinpoint Asset Management Ltd. (Hong Kong) | 0 | -2,491,129 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.