| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 6,344,592 | -688,335 | 120,420,356.16 | 1.1003 | 4.2791 | 09/30/2025 |
| 2 | OLP Capital Management Ltd. | 5,010,933 | -1,564,187 | 95,107,508.34 | 8.3985 | 3.3796 | 09/30/2025 |
| 3 | Acadian Asset Management LLC | 4,902,029 | -675,445 | 93,040,510.42 | 0.1395 | 3.3061 | 09/30/2025 |
| 4 | The Vanguard Group, Inc. | 3,313,020 | 9,964 | 62,881,119.6 | 0.0008 | 2.2344 | 09/30/2025 |
| 5 | Greenwoods Investments SG Pte Ltd. | 3,295,438 | 606,446 | 62,547,413.24 | 1.4729 | 2.2226 | 09/30/2025 |
| 6 | BlackRock Fund Advisors | 3,127,914 | 101,368 | 59,367,807.72 | 0.0013 | 2.1096 | 09/30/2025 |
| 7 | Numeric Investors LLC | 2,282,852 | 1,216,175 | 43,328,530.96 | 0.1091 | 1.5397 | 09/30/2025 |
| 8 | Morgan Stanley Investment Management, Inc. | 2,255,853 | -2,382,139 | 42,816,089.94 | 0.0443 | 1.5214 | 09/30/2025 |
| 9 | SSgA Funds Management, Inc. | 2,240,860 | -311,737 | 42,531,522.8 | 0.0014 | 1.5113 | 09/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 1,885,685 | 842,753 | 35,790,301.3 | 0.0122 | 1.2718 | 09/30/2025 |
| 11 | Swedbank Robur Fonder AB | 1,660,064 | 358,164 | 31,508,014.72 | 0.0172 | 1.1196 | 09/30/2025 |
| 12 | Dimensional Fund Advisors LP | 1,623,661 | -42,649 | 30,817,085.78 | 0.0048 | 1.0951 | 09/30/2025 |
| 13 | Citigroup Global Markets, Inc. (Investment Management) | 1,498,979 | 1,221,332 | 28,450,621.42 | 0.0234 | 1.011 | 09/30/2025 |
| 14 | UBS Securities LLC | 1,424,412 | 324,311 | 27,035,339.76 | 0.0111 | 0.9607 | 09/30/2025 |
| 15 | Causeway Capital Management LLC | 1,291,210 | -16,063 | 24,507,165.8 | 0.0521 | 0.8708 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 5,941,854 | 726,269 | 112,776,388.92 | 1.2637 | 4.0074 | 11/28/2025 |
| 2 | Morgan Stanley Invt. Fds. - Asia Opportunity Fund | 1,925,475 | -2,065,830 | 36,545,515.5 | 1.1456 | 1.2986 | 09/30/2025 |
| 3 | Vanguard Total International Stock Index Fund | 1,514,965 | -38,591 | 28,754,035.7 | 0.0051 | 1.0218 | 10/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 1,401,463 | 5,336 | 26,599,767.74 | 0.0184 | 0.9452 | 10/31/2025 |
| 5 | Swedbank Robur Global Emerging Markets | 1,329,500 | 334,700 | 25,233,910 | 1.4337 | 0.8967 | 10/31/2025 |
| 6 | DFA Emerging Markets Core Equity 2 Portfolio | 1,029,222 | 0 | 19,534,633.56 | 0.0571 | 0.6942 | 09/30/2025 |
| 7 | iShares Core MSCI Emerging Markets ETF | 1,019,737 | -63,393 | 19,354,608.26 | 0.0171 | 0.6878 | 10/31/2025 |
| 8 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 788,624 | -11,145 | 14,968,083.52 | 0.0052 | 0.5319 | 10/31/2025 |
| 9 | KraneShares ICAV - CSI China Internet UCITS ETF | 787,946 | 273,374 | 14,955,215.08 | 1.276 | 0.5314 | 11/28/2025 |
| 10 | BOCOM Schroder CSI Overseas China Internet Index Fund | 781,753 | -313,072 | 14,837,671.94 | 1.2104 | 0.5272 | 06/30/2025 |
| 11 | Avantis Emerging Markets Equity ETF | 750,638 | 165,468 | 14,247,109.24 | 0.0939 | 0.5063 | 11/28/2025 |
| 12 | Artemis Investment Funds ICVC - Global Emerging Markets | 641,800 | 178,000 | 12,181,364 | 0.4572 | 0.4329 | 07/31/2025 |
| 13 | Man Funds plc - Asia ex Japan Equity | 587,782 | 402,343 | 11,156,102.36 | 0.9723 | 0.3964 | 06/30/2025 |
| 14 | E Fund CSI Overseas China Internet 50 ETF | 489,926 | -229,391 | 9,298,795.48 | 0.176 | 0.3304 | 06/30/2025 |
| 15 | Driehaus Mutual Funds - Emerging Markets Growth Fund | 444,103 | 444,103 | 8,429,074.94 | 0.2067 | 0.2995 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Citigroup Global Markets, Inc. (Investment Management) | 1,498,979 | 1,221,332 | 28,450,621.42 | 0.0234 | 1.011 | 09/30/2025 |
| 2 | Numeric Investors LLC | 2,282,852 | 1,216,175 | 43,328,530.96 | 0.1091 | 1.5397 | 09/30/2025 |
| 3 | Driehaus Capital Management LLC | 1,041,340 | 1,041,340 | 19,764,633.2 | 0.1024 | 0.7023 | 09/30/2025 |
| 4 | Triata Capital Ltd. | 1,083,980 | 977,849 | 20,573,940.4 | 2.721 | 0.7311 | 09/30/2025 |
| 5 | Morgan Stanley & Co. LLC | 1,885,685 | 842,753 | 35,790,301.3 | 0.0122 | 1.2718 | 09/30/2025 |
| 6 | BofA Securities, Inc. | 699,471 | 688,589 | 13,275,959.58 | 0.0228 | 0.4718 | 09/30/2025 |
| 7 | Greenwoods Investments SG Pte Ltd. | 3,295,438 | 606,446 | 62,547,413.24 | 1.4729 | 2.2226 | 09/30/2025 |
| 8 | Millennium Management LLC | 898,471 | 548,840 | 17,052,979.58 | 0.0133 | 0.606 | 09/30/2025 |
| 9 | Voloridge Investment Management LLC | 519,221 | 519,221 | 9,854,814.58 | 0.0327 | 0.3502 | 09/30/2025 |
| 10 | Cape Ann Asset Management Ltd. | 510,700 | 510,700 | 9,693,086 | 2.7097 | 0.3444 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AllianceBernstein LP | 89,941 | -2,811,625 | 1,707,080.18 | 0.0005 | 0.0607 | 09/30/2025 |
| 2 | Morgan Stanley Investment Management, Inc. | 2,255,853 | -2,382,139 | 42,816,089.94 | 0.0443 | 1.5214 | 09/30/2025 |
| 3 | AQR Capital Management LLC | 0 | -2,252,495 | 0 | 0 | 0 | |
| 4 | OLP Capital Management Ltd. | 5,010,933 | -1,564,187 | 95,107,508.34 | 8.3985 | 3.3796 | 09/30/2025 |
| 5 | Arrowstreet Capital LP | 211,370 | -1,211,424 | 4,011,802.6 | 0.0024 | 0.1426 | 09/30/2025 |
| 6 | Keystone Investors Pte Ltd. | 0 | -1,175,990 | 0 | 0 | 0 | |
| 7 | Tiger Pacific Capital LP | 0 | -943,227 | 0 | 0 | 0 | |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 406,347 | -885,105 | 7,712,466.06 | 0.0033 | 0.2741 | 09/30/2025 |
| 9 | Man Investments Australia Ltd. | 0 | -747,491 | 0 | 0 | 0 | |
| 10 | Candriam Belgium SA | 0 | -714,500 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.