| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alibaba Group Holding Ltd. (Investment Management) | 9,000,000 | 0 | 92,430,000 | 12.7443 | 5.7527 | 12/31/2025 |
| 2 | Acadian Asset Management LLC | 5,858,877 | -89,142 | 60,170,666.79 | 0.0826 | 3.7449 | 12/31/2025 |
| 3 | Krane Funds Advisors LLC | 4,274,081 | 532,916 | 43,894,811.87 | 0.4443 | 2.7319 | 12/31/2025 |
| 4 | Causeway Capital Management LLC | 2,992,234 | 348,516 | 30,730,243.18 | 0.0571 | 1.9126 | 12/31/2025 |
| 5 | Saba Capital Management LP | 2,015,063 | -602,294 | 20,694,697.01 | 0.4149 | 1.288 | 12/31/2025 |
| 6 | Nomura Investment Management Business Trust | 1,589,558 | -5,460 | 16,324,760.66 | 0.0159 | 1.016 | 12/31/2025 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 1,480,621 | -229,806 | 15,205,977.67 | 0.0067 | 0.9464 | 12/31/2025 |
| 8 | FIL Investment Management (Hong Kong) Ltd. | 1,338,458 | 1,338,458 | 13,745,963.66 | 0.0598 | 0.8555 | 12/31/2025 |
| 9 | UBS Securities LLC | 1,110,376 | 911,996 | 11,403,561.52 | 0.0046 | 0.7097 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 905,002 | -490,976 | 9,294,370.54 | 0.0003 | 0.5785 | 12/31/2025 |
| 11 | Dimensional Fund Advisors LP | 763,514 | -14,464 | 7,841,288.78 | 0.0011 | 0.488 | 12/31/2025 |
| 12 | Qube Research & Technologies Ltd. | 735,046 | 219,108 | 7,548,922.42 | 0.0106 | 0.4698 | 12/31/2025 |
| 13 | Two Sigma Advisers LP | 723,588 | -246,000 | 7,431,248.76 | 0.0143 | 0.4625 | 12/31/2025 |
| 14 | American Century Investment Management, Inc. | 721,116 | 132,271 | 7,405,861.32 | 0.0027 | 0.4609 | 12/31/2025 |
| 15 | Wellington Management Co. LLP | 720,367 | 22,108 | 7,398,169.09 | 0.0012 | 0.4604 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 3,875,370 | -42,755 | 39,800,049.9 | 0.505 | 2.4771 | 01/30/2026 |
| 2 | Macquarie Emerging Markets Fund | 1,450,000 | 0 | 14,891,500 | 0.1367 | 0.9268 | 12/31/2025 |
| 3 | Government Pension Fund - Global (The) | 795,571 | 0 | 8,170,514.17 | 0.0005 | 0.5085 | 06/30/2025 |
| 4 | Causeway Emerging Markets Fund | 702,386 | 54,485 | 7,213,504.22 | 0.204 | 0.449 | 12/31/2025 |
| 5 | Avantis Emerging Markets Equity ETF | 583,795 | 99,000 | 5,995,574.65 | 0.0308 | 0.3732 | 01/30/2026 |
| 6 | DFA Emerging Markets Core Equity 2 Portfolio | 552,309 | 0 | 5,672,213.43 | 0.0147 | 0.353 | 11/30/2025 |
| 7 | BOCOM Schroder CSI Overseas China Internet Index Fund | 551,613 | 0 | 5,665,065.51 | 0.49 | 0.3526 | 06/30/2025 |
| 8 | Old Westbury Small & Mid Cap Strategies Fund | 551,141 | 551,141 | 5,660,218.07 | 0.057 | 0.3523 | 10/31/2025 |
| 9 | GMO Emerging Markets Fund | 459,301 | 238,800 | 4,717,021.27 | 0.8759 | 0.2936 | 11/30/2025 |
| 10 | State Street SPDR S&P Kensho New Economies Composite ETF | 452,752 | -361,474 | 4,649,763.04 | 0.1857 | 0.2894 | 01/30/2026 |
| 11 | Saba Capital Income & Opportunities Fund | 446,546 | -35,229 | 4,586,027.42 | 1.8278 | 0.2854 | 10/31/2025 |
| 12 | Russell Invt. Co. Plc - Acadian Emerging Markets Equ. UCITS II | 437,500 | 7,194 | 4,493,125 | 0.1486 | 0.2796 | 09/30/2025 |
| 13 | KraneShares ICAV - CSI China Internet UCITS ETF | 430,817 | 93,986 | 4,424,490.59 | 0.4972 | 0.2754 | 01/30/2026 |
| 14 | First Trust NASDAQ Technology Dividend Index Fund | 400,069 | 400,069 | 4,108,708.63 | 0.1107 | 0.2557 | 01/30/2026 |
| 15 | E Fund CSI Overseas China Internet 50 ETF | 356,809 | 0 | 3,664,428.43 | 0.0752 | 0.2281 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | FIL Investment Management (Hong Kong) Ltd. | 1,338,458 | 1,338,458 | 13,745,963.66 | 0.0598 | 0.8555 | 12/31/2025 |
| 2 | UBS Securities LLC | 1,110,376 | 911,996 | 11,403,561.52 | 0.0046 | 0.7097 | 12/31/2025 |
| 3 | D. E. Shaw & Co. LP | 660,244 | 637,650 | 6,780,705.88 | 0.0051 | 0.422 | 12/31/2025 |
| 4 | Krane Funds Advisors LLC | 4,274,081 | 532,916 | 43,894,811.87 | 0.4443 | 2.7319 | 12/31/2025 |
| 5 | Voloridge Investment Management LLC | 481,187 | 481,187 | 4,941,790.49 | 0.0171 | 0.3076 | 12/31/2025 |
| 6 | First Trust Advisors LP | 402,584 | 402,584 | 4,134,537.68 | 0.0027 | 0.2573 | 12/31/2025 |
| 7 | Alpine Investment Management Ltd. | 386,000 | 386,000 | 3,964,220 | 1.709 | 0.2467 | 12/31/2025 |
| 8 | Causeway Capital Management LLC | 2,992,234 | 348,516 | 30,730,243.18 | 0.0571 | 1.9126 | 12/31/2025 |
| 9 | O'Shaughnessy Asset Management LLC | 627,978 | 347,311 | 6,449,334.06 | 0.034 | 0.4014 | 12/31/2025 |
| 10 | FIL Investment Advisors | 294,929 | 294,929 | 3,028,920.83 | 0.6105 | 0.1885 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 0 | -2,470,115 | 0 | 0 | 0 | |
| 2 | Hermes Investment Management Ltd. | 0 | -2,133,467 | 0 | 0 | 0 | |
| 3 | TIAA-CREF Investment Management LLC | 0 | -1,128,300 | 0 | 0 | 0 | |
| 4 | Bank of America, NA (Private Banking) | 12,234 | -889,074 | 125,643.18 | 0 | 0.0078 | 12/31/2025 |
| 5 | Arrowstreet Capital LP | 0 | -751,806 | 0 | 0 | 0 | |
| 6 | Saba Capital Management LP | 2,015,063 | -602,294 | 20,694,697.01 | 0.4149 | 1.288 | 12/31/2025 |
| 7 | Teachers Advisors LLC | 0 | -568,400 | 0 | 0 | 0 | |
| 8 | Polunin Capital Partners Ltd. | 0 | -561,050 | 0 | 0 | 0 | |
| 9 | Canada Pension Plan Investment Board | 0 | -554,600 | 0 | 0 | 0 | |
| 10 | BlackRock Financial Management, Inc. | 377 | -536,014 | 3,871.79 | 0 | 0.0002 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.