| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 6,344,592 | 1,271,942 | 106,335,361.92 | 0.9884 | 4.8735 | 09/30/2025 |
| 2 | OLP Capital Management Ltd. | 5,010,933 | -1,569,659 | 83,983,237.08 | 8.9736 | 3.8491 | 09/30/2025 |
| 3 | Acadian Asset Management LLC | 4,902,029 | -198,462 | 82,158,006.04 | 0.1179 | 3.7654 | 09/30/2025 |
| 4 | The Vanguard Group, Inc. | 3,313,020 | -76,741 | 55,526,215.2 | 0.0007 | 2.5449 | 09/30/2025 |
| 5 | Greenwoods Investments SG Pte Ltd. | 3,295,438 | 0 | 55,231,540.88 | 1.3138 | 2.5313 | 09/30/2025 |
| 6 | BlackRock Fund Advisors | 3,127,914 | 152,107 | 52,423,838.64 | 0.0011 | 2.4027 | 09/30/2025 |
| 7 | Numeric Investors LLC | 2,282,852 | 462,334 | 38,260,599.52 | 0.0941 | 1.7535 | 09/30/2025 |
| 8 | Morgan Stanley Investment Management, Inc. | 2,255,853 | -614,103 | 37,808,096.28 | 0.0378 | 1.7328 | 09/30/2025 |
| 9 | SSgA Funds Management, Inc. | 2,240,860 | -307,799 | 37,556,813.6 | 0.0012 | 1.7213 | 09/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 1,885,685 | 879,227 | 31,604,080.6 | 0.0105 | 1.4485 | 09/30/2025 |
| 11 | Swedbank Robur Fonder AB | 1,660,064 | 323,664 | 27,822,672.64 | 0.0145 | 1.2752 | 09/30/2025 |
| 12 | Dimensional Fund Advisors LP | 1,623,661 | -27,940 | 27,212,558.36 | 0.0039 | 1.2472 | 09/30/2025 |
| 13 | Citigroup Global Markets, Inc. (Investment Management) | 1,498,979 | 63,612 | 25,122,888.04 | 0.0201 | 1.1514 | 09/30/2025 |
| 14 | UBS Securities LLC | 1,424,412 | -485,134 | 23,873,145.12 | 0.0094 | 1.0941 | 09/30/2025 |
| 15 | Causeway Capital Management LLC | 1,291,210 | -22,953 | 21,640,679.6 | 0.042 | 0.9918 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 4,928,467 | 316,865 | 82,601,106.92 | 0.9919 | 3.7857 | 12/31/2025 |
| 2 | Morgan Stanley Invt. Fds. - Asia Opportunity Fund | 1,925,475 | -574,445 | 32,270,961 | 1.0209 | 1.479 | 09/30/2025 |
| 3 | Vanguard Total International Stock Index Fund | 1,508,506 | -71,273 | 25,282,560.56 | 0.0041 | 1.1587 | 12/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 1,384,158 | -39,130 | 23,198,488.08 | 0.015 | 1.0632 | 12/31/2025 |
| 5 | Swedbank Robur Global Emerging Markets | 1,329,500 | 334,700 | 22,282,420 | 1.1169 | 1.0212 | 12/30/2025 |
| 6 | BlackRock Global Funds - World Financials Fund | 1,122,736 | 1,122,736 | 18,817,055.36 | 0.6831 | 0.8624 | 11/30/2025 |
| 7 | iShares Core MSCI Emerging Markets ETF | 1,043,184 | -3,158 | 17,483,763.84 | 0.0137 | 0.8013 | 12/31/2025 |
| 8 | DFA Emerging Markets Core Equity 2 Portfolio | 1,029,222 | 0 | 17,249,760.72 | 0.0472 | 0.7906 | 10/31/2025 |
| 9 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 788,624 | -26,851 | 13,217,338.24 | 0.0042 | 0.6058 | 11/30/2025 |
| 10 | Avantis Emerging Markets Equity ETF | 784,049 | 185,205 | 13,140,661.24 | 0.0765 | 0.6023 | 12/31/2025 |
| 11 | BOCOM Schroder CSI Overseas China Internet Index Fund | 781,753 | 0 | 13,102,180.28 | 1.0364 | 0.6005 | 06/30/2025 |
| 12 | KraneShares ICAV - CSI China Internet UCITS ETF | 741,224 | 280,176 | 12,422,914.24 | 1.0013 | 0.5694 | 12/31/2025 |
| 13 | Artemis Investment Funds ICVC - Global Emerging Markets | 641,800 | 43,000 | 10,756,568 | 0.3685 | 0.493 | 08/29/2025 |
| 14 | Man Funds plc - Asia ex Japan Equity | 587,782 | 0 | 9,851,226.32 | 0.7891 | 0.4515 | 06/30/2025 |
| 15 | E Fund CSI Overseas China Internet 50 ETF | 489,926 | 0 | 8,211,159.76 | 0.1523 | 0.3763 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 6,344,592 | 1,271,942 | 106,335,361.92 | 0.9884 | 4.8735 | 09/30/2025 |
| 2 | Driehaus Capital Management LLC | 1,041,340 | 1,041,340 | 17,452,858.4 | 0.081 | 0.7999 | 09/30/2025 |
| 3 | Triata Capital Ltd. | 1,083,980 | 977,849 | 18,167,504.8 | 2.2761 | 0.8326 | 09/30/2025 |
| 4 | Morgan Stanley & Co. LLC | 1,885,685 | 879,227 | 31,604,080.6 | 0.0105 | 1.4485 | 09/30/2025 |
| 5 | Marshall Wace LLP | 790,665 | 721,950 | 13,251,545.4 | 0.014 | 0.6073 | 09/30/2025 |
| 6 | BofA Securities, Inc. | 699,471 | 687,257 | 11,723,133.96 | 0.0197 | 0.5373 | 09/30/2025 |
| 7 | Voloridge Investment Management LLC | 519,221 | 519,221 | 8,702,143.96 | 0.0276 | 0.3988 | 09/30/2025 |
| 8 | Cape Ann Asset Management Ltd. | 510,700 | 510,700 | 8,559,332 | 2.1386 | 0.3923 | 09/30/2025 |
| 9 | Numeric Investors LLC | 2,282,852 | 462,334 | 38,260,599.52 | 0.0941 | 1.7535 | 09/30/2025 |
| 10 | Millennium Management LLC | 898,471 | 461,023 | 15,058,373.96 | 0.0113 | 0.6901 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AllianceBernstein LP | 89,941 | -3,367,883 | 1,507,411.16 | 0.0004 | 0.0691 | 09/30/2025 |
| 2 | AQR Capital Management LLC | 0 | -2,619,066 | 0 | 0 | 0 | |
| 3 | OLP Capital Management Ltd. | 5,010,933 | -1,569,659 | 83,983,237.08 | 8.9736 | 3.8491 | 09/30/2025 |
| 4 | Man Investments Australia Ltd. | 0 | -1,151,580 | 0 | 0 | 0 | |
| 5 | Goldman Sachs & Co. LLC (Private Banking) | 406,347 | -1,001,696 | 6,810,375.72 | 0.0029 | 0.3121 | 09/30/2025 |
| 6 | Arrowstreet Capital LP | 211,370 | -922,213 | 3,542,561.2 | 0.002 | 0.1624 | 09/30/2025 |
| 7 | Panview Capital Ltd. | 0 | -918,316 | 0 | 0 | 0 | |
| 8 | JPMorgan Securities LLC (Investment Management) | 129,807 | -716,197 | 2,175,565.32 | 0.001 | 0.0997 | 09/30/2025 |
| 9 | Point72 Asset Management LP | 995,101 | -617,306 | 16,677,892.76 | 0.0293 | 0.7644 | 09/30/2025 |
| 10 | Morgan Stanley Investment Management, Inc. | 2,255,853 | -614,103 | 37,808,096.28 | 0.0378 | 1.7328 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.