| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alibaba Group Holding Ltd. (Investment Management) | 9,000,000 | 0 | 79,830,000 | 11.3519 | 5.7527 | 12/31/2025 |
| 2 | Acadian Asset Management LLC | 5,858,877 | -1,022 | 51,968,238.99 | 0.0718 | 3.7449 | 12/31/2025 |
| 3 | Krane Funds Advisors LLC | 4,274,081 | -401,982 | 37,911,098.47 | 0.4635 | 2.7319 | 12/31/2025 |
| 4 | Causeway Capital Management LLC | 2,992,234 | 39,985 | 26,541,115.58 | 0.0563 | 1.9126 | 12/31/2025 |
| 5 | Saba Capital Management LP | 2,015,063 | 0 | 17,873,608.81 | 0.3608 | 1.288 | 12/31/2025 |
| 6 | Nomura Investment Management Business Trust | 1,589,558 | 16,878 | 14,099,379.46 | 0.0186 | 1.016 | 12/31/2025 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 1,480,621 | 134,823 | 13,133,108.27 | 0.0059 | 0.9464 | 12/31/2025 |
| 8 | FIL Investment Management (Hong Kong) Ltd. | 1,338,458 | 1,338,458 | 11,872,122.46 | 0.055 | 0.8555 | 12/31/2025 |
| 9 | UBS Securities LLC | 1,110,376 | 110,099 | 9,849,035.12 | 0.004 | 0.7097 | 12/31/2025 |
| 10 | SSgA Funds Management, Inc. | 905,002 | -342,683 | 8,027,367.74 | 0.0003 | 0.5785 | 12/31/2025 |
| 11 | Dimensional Fund Advisors LP | 763,514 | -8,508 | 6,772,369.18 | 0.0009 | 0.488 | 12/31/2025 |
| 12 | Qube Research & Technologies Ltd. | 735,046 | 249,913 | 6,519,858.02 | 0.0091 | 0.4698 | 12/31/2025 |
| 13 | Two Sigma Advisers LP | 723,588 | -92,600 | 6,418,225.56 | 0.0124 | 0.4625 | 12/31/2025 |
| 14 | American Century Investment Management, Inc. | 721,116 | 67,358 | 6,396,298.92 | 0.0023 | 0.4609 | 12/31/2025 |
| 15 | Wellington Management Co. LLP | 720,367 | -158,007 | 6,389,655.29 | 0.001 | 0.4604 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 3,477,390 | -736,417 | 30,844,449.3 | 0.4964 | 2.2227 | 03/31/2026 |
| 2 | Nomura Emerging Markets Fund | 1,450,000 | 0 | 12,861,500 | 0.1274 | 0.9268 | 02/27/2026 |
| 3 | Government Pension Fund - Global (The) | 732,735 | -62,836 | 6,499,359.45 | 0.0004 | 0.4684 | 12/31/2025 |
| 4 | Causeway Emerging Markets Fund | 702,386 | 28,983 | 6,230,163.82 | 0.1811 | 0.449 | 12/31/2025 |
| 5 | Avantis Emerging Markets Equity ETF | 583,795 | 53,175 | 5,178,261.65 | 0.0243 | 0.3732 | 03/31/2026 |
| 6 | DFA Emerging Markets Core Equity 2 Portfolio | 552,309 | 0 | 4,898,980.83 | 0.0131 | 0.353 | 12/31/2025 |
| 7 | BOCOM Schroder CSI Overseas China Internet Index Fund | 551,613 | 0 | 4,892,807.31 | 0.4777 | 0.3526 | 06/30/2025 |
| 8 | Old Westbury Small & Mid Cap Strategies Fund | 494,441 | 494,441 | 4,385,691.67 | 0.0474 | 0.316 | 01/30/2026 |
| 9 | GMO Emerging Markets Fund | 459,301 | 171,100 | 4,073,999.87 | 0.7884 | 0.2936 | 11/30/2025 |
| 10 | State Street SPDR S&P Kensho New Economies Composite ETF | 450,367 | -357,391 | 3,994,755.29 | 0.1613 | 0.2879 | 03/31/2026 |
| 11 | Saba Capital Income & Opportunities Fund | 446,546 | -35,229 | 3,960,863.02 | 1.3381 | 0.2854 | 01/31/2026 |
| 12 | Russell Invt. Co. Plc - Acadian Emerging Markets Equ. UCITS II | 437,500 | 0 | 3,880,625 | 0.1349 | 0.2796 | 09/30/2025 |
| 13 | E Fund CSI Overseas China Internet 50 ETF | 356,809 | 0 | 3,164,895.83 | 0.0729 | 0.2281 | 06/30/2025 |
| 14 | First Trust NASDAQ Technology Dividend Index Fund | 346,250 | 10,133 | 3,071,237.5 | 0.0841 | 0.2213 | 03/31/2026 |
| 15 | KraneShares ICAV - CSI China Internet UCITS ETF | 345,177 | -25,576 | 3,061,719.99 | 0.4948 | 0.2206 | 03/31/2026 |
| # | 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 | 11,872,122.46 | 0.055 | 0.8555 | 12/31/2025 |
| 2 | Alpine Investment Management Ltd. | 386,000 | 386,000 | 3,423,820 | 1.6149 | 0.2467 | 12/31/2025 |
| 3 | FIL Investment Advisors | 294,929 | 294,929 | 2,616,020.23 | 0.5393 | 0.1885 | 12/31/2025 |
| 4 | Qube Research & Technologies Ltd. | 735,046 | 249,913 | 6,519,858.02 | 0.0091 | 0.4698 | 12/31/2025 |
| 5 | O'Shaughnessy Asset Management LLC | 627,978 | 220,428 | 5,570,164.86 | 0.0295 | 0.4014 | 12/31/2025 |
| 6 | Leap Investments LP | 292,300 | 210,500 | 2,592,701 | 0.0479 | 0.1868 | 12/31/2025 |
| 7 | Voloridge Investment Management LLC | 481,187 | 162,627 | 4,268,128.69 | 0.0147 | 0.3076 | 12/31/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 1,480,621 | 134,823 | 13,133,108.27 | 0.0059 | 0.9464 | 12/31/2025 |
| 9 | UBS Securities LLC | 1,110,376 | 110,099 | 9,849,035.12 | 0.004 | 0.7097 | 12/31/2025 |
| 10 | Redhawk Wealth Advisors, Inc. | 105,795 | 105,795 | 938,401.65 | 0.1018 | 0.0676 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund Advisors | 0 | -1,959,015 | 0 | 0 | 0 | |
| 2 | Hermes Investment Management Ltd. | 0 | -1,146,201 | 0 | 0 | 0 | |
| 3 | TIAA-CREF Investment Management LLC | 0 | -1,140,300 | 0 | 0 | 0 | |
| 4 | Teachers Advisors LLC | 0 | -568,400 | 0 | 0 | 0 | |
| 5 | Schroder Investment Management North America, Inc. | 7,478 | -448,525 | 66,329.86 | 0.0004 | 0.0048 | 12/31/2025 |
| 6 | Bank of America, NA (Private Banking) | 12,234 | -423,101 | 108,515.58 | 0 | 0.0078 | 12/31/2025 |
| 7 | BlackRock Financial Management, Inc. | 377 | -409,393 | 3,343.99 | 0 | 0.0002 | 12/31/2025 |
| 8 | Grantham, Mayo, Van Otterloo & Co. LLC | 637,145 | -408,656 | 5,651,476.15 | 0.0105 | 0.4073 | 12/31/2025 |
| 9 | Krane Funds Advisors LLC | 4,274,081 | -401,982 | 37,911,098.47 | 0.4635 | 2.7319 | 12/31/2025 |
| 10 | Arrowstreet Capital LP | 0 | -363,667 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.