| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Acadian Asset Management LLC | 16,556,678 | -47,706 | 239,078,430.32 | 0.3188 | 3.9865 | 12/31/2025 |
| 2 | Invesco Asset Management Ltd. | 14,312,461 | 53,141 | 206,671,936.84 | 0.2099 | 3.4461 | 12/31/2025 |
| 3 | Krane Funds Advisors LLC | 12,793,590 | -4,391,945 | 184,739,439.6 | 2.2698 | 3.0804 | 12/31/2025 |
| 4 | Robeco Institutional Asset Management BV | 12,505,064 | 300,615 | 180,573,124.16 | 0.1477 | 3.0109 | 03/31/2026 |
| 5 | BlackRock Fund Advisors | 11,945,783 | 706,993 | 172,497,106.52 | 0.0034 | 2.8763 | 12/31/2025 |
| 6 | Orbis Investment Management Ltd. | 10,814,948 | 1,227,325 | 156,167,849.12 | 0.3805 | 2.604 | 12/31/2025 |
| 7 | FIL Investments International | 10,100,074 | 45,439 | 145,845,068.56 | 0.0951 | 2.4319 | 12/31/2025 |
| 8 | Dimensional Fund Advisors LP | 7,494,978 | 80,244 | 108,227,482.32 | 0.0146 | 1.8046 | 12/31/2025 |
| 9 | SSgA Funds Management, Inc. | 7,209,767 | 187,951 | 104,109,035.48 | 0.0032 | 1.7359 | 12/31/2025 |
| 10 | The Vanguard Group, Inc. | 7,204,886 | 126,994 | 104,038,553.84 | 0.0013 | 1.7348 | 12/31/2025 |
| 11 | BlackRock Advisors (UK) Ltd. | 6,055,876 | 411,515 | 87,446,849.44 | 0.0088 | 1.4581 | 12/31/2025 |
| 12 | LSV Asset Management | 5,939,813 | 415,000 | 85,770,899.72 | 0.1334 | 1.4302 | 12/31/2025 |
| 13 | Carmignac Gestion SA | 4,161,154 | -2,357,244 | 60,087,063.76 | 0.5286 | 1.0019 | 12/31/2025 |
| 14 | Fidelity Investments Canada ULC | 4,045,091 | -1,337,068 | 58,411,114.04 | 0.0608 | 0.974 | 12/31/2025 |
| 15 | Arrowstreet Capital LP | 3,803,891 | -892,639 | 54,928,186.04 | 0.0283 | 0.9159 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 10,364,520 | -5,108,368 | 149,663,668.8 | 2.4393 | 2.4955 | 03/31/2026 |
| 2 | Fidelity Funds SICAV - Global Technology Fund | 8,790,096 | 1,508 | 126,928,986.24 | 0.3566 | 2.1164 | 02/28/2026 |
| 3 | Invesco Developing Markets Fund | 5,883,183 | -453,707 | 84,953,162.52 | 0.9257 | 1.4165 | 02/28/2026 |
| 4 | Carmignac Emergents | 4,840,833 | 0 | 69,901,628.52 | 4.6617 | 1.1656 | 06/30/2025 |
| 5 | iShares Core MSCI Emerging Markets ETF | 3,488,666 | 401,339 | 50,376,337.04 | 0.0332 | 0.84 | 03/31/2026 |
| 6 | Vanguard Total International Stock Index Fund | 3,157,581 | -86,393 | 45,595,469.64 | 0.0071 | 0.7603 | 03/31/2026 |
| 7 | CapitalatWork Foyer Umbrella - Contrarian Equities at Work | 3,118,000 | 200,000 | 45,023,920 | 1.0246 | 0.7507 | 03/31/2026 |
| 8 | Vanguard Emerging Markets Stock Index Fund | 2,955,687 | -3,530 | 42,680,120.28 | 0.0256 | 0.7117 | 03/31/2026 |
| 9 | DFA Emerging Markets Core Equity 2 Portfolio | 2,925,595 | 0 | 42,245,591.8 | 0.1073 | 0.7044 | 12/31/2025 |
| 10 | Invesco Far Eastern Invt. Ser. - Asian Fund (UK) | 2,911,394 | 37,829 | 42,040,529.36 | 0.9809 | 0.701 | 03/31/2026 |
| 11 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 2,613,734 | 0 | 37,742,318.96 | 0.0091 | 0.6293 | 12/31/2024 |
| 12 | Robeco Capital Gr. Fds. - Emerging Stars Equities | 2,592,320 | 69,270 | 37,433,100.8 | 0.8078 | 0.6242 | 02/27/2026 |
| 13 | Avantis Emerging Markets Equity ETF | 2,556,563 | 741,867 | 36,916,769.72 | 0.1646 | 0.6156 | 03/31/2026 |
| 14 | Invesco Funds - Emerging Markets Equity Fund | 2,418,521 | 1,376,858 | 34,923,443.24 | 1.0517 | 0.5823 | 03/31/2026 |
| 15 | PIMCO RAE Emerging Markets Fund | 2,341,529 | 164,323 | 33,811,678.76 | 1.1957 | 0.5638 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | UBS Asset Management Switzerland AG | 1,480,548 | 1,480,548 | 21,379,113.12 | 0.0058 | 0.3565 | 12/31/2025 |
| 2 | Orbis Investment Management Ltd. | 10,814,948 | 1,227,325 | 156,167,849.12 | 0.3805 | 2.604 | 12/31/2025 |
| 3 | Clark Capital Management Group, Inc. | 2,016,405 | 1,084,515 | 29,116,888.2 | 0.1727 | 0.4855 | 12/31/2025 |
| 4 | FIL Investment Management (Singapore) Ltd. | 1,641,242 | 1,082,621 | 23,699,534.48 | 0.1823 | 0.3952 | 12/31/2025 |
| 5 | Point72 Asset Management LP | 1,120,976 | 1,045,297 | 16,186,893.44 | 0.0231 | 0.2699 | 12/31/2025 |
| 6 | JPMorgan Mansart Management Ltd. | 1,008,495 | 1,008,495 | 14,562,667.8 | 0.0773 | 0.2428 | 12/31/2025 |
| 7 | UBS Securities LLC | 3,209,464 | 946,200 | 46,344,660.16 | 0.0182 | 0.7728 | 12/31/2025 |
| 8 | Qube Research & Technologies Ltd. | 1,393,595 | 909,120 | 20,123,511.8 | 0.0274 | 0.3355 | 12/31/2025 |
| 9 | UBS Asset Management (UK) Ltd. | 862,857 | 862,857 | 12,459,655.08 | 0.0046 | 0.2078 | 12/31/2025 |
| 10 | BlackRock Fund Advisors | 11,945,783 | 706,993 | 172,497,106.52 | 0.0034 | 2.8763 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Polaris Capital Management LLC | 0 | -5,068,000 | 0 | 0 | 0 | |
| 2 | Krane Funds Advisors LLC | 12,793,590 | -4,391,945 | 184,739,439.6 | 2.2698 | 3.0804 | 12/31/2025 |
| 3 | North of South Capital LLP | 0 | -3,355,999 | 0 | 0 | 0 | |
| 4 | Massachusetts Financial Services Co. | 658,628 | -2,730,838 | 9,510,588.32 | 0.003 | 0.1586 | 12/31/2025 |
| 5 | Carmignac Gestion SA | 4,161,154 | -2,357,244 | 60,087,063.76 | 0.5286 | 1.0019 | 12/31/2025 |
| 6 | NBC Global Finance Ltd. | 151,500 | -2,173,900 | 2,187,660 | 0.0097 | 0.0365 | 12/31/2025 |
| 7 | Rothschild & Co. Asset Management SCS | 2,387,423 | -1,908,192 | 34,474,388.12 | 0.2527 | 0.5748 | 02/27/2026 |
| 8 | Norges Bank Investment Management | 1,561,966 | -1,808,440 | 22,554,789.04 | 0.0014 | 0.3761 | 12/31/2025 |
| 9 | Allspring Global Investments LLC | 9,606 | -1,802,678 | 138,710.64 | 0.0002 | 0.0023 | 12/31/2025 |
| 10 | Fidelity Investments Canada ULC | 4,045,091 | -1,337,068 | 58,411,114.04 | 0.0608 | 0.974 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.