| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alibaba Group Holding Ltd. (Investment Management) | 9,000,000 | 0 | 113,490,000 | 6.171 | 5.7881 | 06/30/2025 |
| 2 | Acadian Asset Management LLC | 5,948,019 | -17,269 | 75,004,519.59 | 0.1239 | 3.8253 | 06/30/2025 |
| 3 | Krane Funds Advisors LLC | 3,741,165 | -591,522 | 47,176,090.65 | 0.4241 | 2.406 | 06/30/2025 |
| 4 | Causeway Capital Management LLC | 2,643,718 | 387,253 | 33,337,283.98 | 0.075 | 1.7002 | 06/30/2025 |
| 5 | Saba Capital Management LP | 2,617,357 | 258,000 | 33,004,871.77 | 0.6443 | 1.6833 | 06/30/2025 |
| 6 | BlackRock Fund Advisors | 2,470,115 | -166,240 | 31,148,150.15 | 0.0007 | 1.5886 | 06/30/2025 |
| 7 | Hermes Investment Management Ltd. | 2,133,467 | -907,059 | 26,903,018.87 | 0.1519 | 1.3721 | 06/30/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 1,710,427 | -529,124 | 21,568,484.47 | 0.0087 | 1.1 | 06/30/2025 |
| 9 | Macquarie Investment Management Business Trust | 1,595,018 | -4,200 | 20,113,176.98 | 0.0205 | 1.0258 | 06/30/2025 |
| 10 | SSgA Funds Management, Inc. | 1,395,978 | 375,381 | 17,603,282.58 | 0.0006 | 0.8978 | 06/30/2025 |
| 11 | TIAA-CREF Investment Management LLC | 1,128,300 | 1,055,400 | 14,227,863 | 0.0053 | 0.7256 | 06/30/2025 |
| 12 | Two Sigma Advisers LP | 969,588 | -139,000 | 12,226,504.68 | 0.0231 | 0.6236 | 06/30/2025 |
| 13 | Bank of America, NA (Private Banking) | 901,308 | -178,513 | 11,365,493.88 | 0.0035 | 0.5796 | 06/30/2025 |
| 14 | Dimensional Fund Advisors LP | 777,978 | -14,476 | 9,810,302.58 | 0.0015 | 0.5003 | 06/30/2025 |
| 15 | Arrowstreet Capital LP | 751,806 | -177,020 | 9,480,273.66 | 0.006 | 0.4835 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 4,213,807 | 192,963 | 53,136,106.27 | 0.5354 | 2.71 | 09/30/2025 |
| 2 | Hermes Invt. Funds - Asia (ex-Japan) Equity Fund | 1,561,402 | -808,641 | 19,689,279.22 | 0.3966 | 1.0042 | 07/31/2025 |
| 3 | Macquarie Emerging Markets Fund | 1,450,000 | 0 | 18,284,500 | 0.2356 | 0.9325 | 08/29/2025 |
| 4 | Stichting Pensioenfonds ABP (Global Equity Portfolio) | 1,412,337 | 0 | 17,809,569.57 | 0.0043 | 0.9083 | 12/31/2023 |
| 5 | CREF Stock Account | 1,128,300 | 1,055,400 | 14,227,863 | 0.0103 | 0.7256 | 07/31/2025 |
| 6 | British Columbia Inv Management Corp. | 918,621 | 0 | 11,583,810.81 | 0.0094 | 0.5908 | 03/31/2024 |
| 7 | iShares Core MSCI Emerging Markets ETF | 842,265 | 57,102 | 10,620,961.65 | 0.0094 | 0.5417 | 09/30/2025 |
| 8 | SPDR S&P Kensho New Economies Composite ETF | 807,758 | 366,928 | 10,185,828.38 | 0.3857 | 0.5195 | 09/30/2025 |
| 9 | Government Pension Fund - Global (The) | 795,571 | -384,981 | 10,032,150.31 | 0.0007 | 0.5116 | 06/30/2025 |
| 10 | BOCOM Schroder CSI Overseas China Internet Index Fund | 684,872 | 0 | 8,636,235.92 | 0.4873 | 0.4405 | 12/31/2024 |
| 11 | Causeway Emerging Markets Fund | 647,901 | 0 | 8,170,031.61 | 0.3109 | 0.4167 | 06/30/2025 |
| 12 | Nuveen Quant International Small Cap Equity Fund | 568,400 | 568,400 | 7,167,524 | 0.5262 | 0.3655 | 07/31/2025 |
| 13 | DFA Emerging Markets Core Equity 2 Portfolio | 552,309 | 0 | 6,964,616.49 | 0.0205 | 0.3552 | 07/31/2025 |
| 14 | Avantis Emerging Markets Equity ETF | 530,620 | 161,408 | 6,691,118.2 | 0.0488 | 0.3413 | 09/30/2025 |
| 15 | Saba Capital Income & Opportunities Fund | 481,775 | -25,062 | 6,075,182.75 | 2.1164 | 0.3098 | 07/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TIAA-CREF Investment Management LLC | 1,128,300 | 1,055,400 | 14,227,863 | 0.0053 | 0.7256 | 06/30/2025 |
| 2 | JPMorgan Securities LLC (Investment Management) | 720,348 | 599,700 | 9,083,588.28 | 0.0046 | 0.4633 | 06/30/2025 |
| 3 | Teachers Advisors LLC | 568,400 | 568,400 | 7,167,524 | 0.0035 | 0.3655 | 06/30/2025 |
| 4 | Schroder & Co. Ltd. | 495,459 | 495,459 | 6,247,737.99 | 0.0492 | 0.3186 | 06/30/2025 |
| 5 | Causeway Capital Management LLC | 2,643,718 | 387,253 | 33,337,283.98 | 0.075 | 1.7002 | 06/30/2025 |
| 6 | SSgA Funds Management, Inc. | 1,395,978 | 375,381 | 17,603,282.58 | 0.0006 | 0.8978 | 06/30/2025 |
| 7 | Marshall Wace LLP | 262,542 | 262,542 | 3,310,654.62 | 0.0036 | 0.1688 | 06/30/2025 |
| 8 | Saba Capital Management LP | 2,617,357 | 258,000 | 33,004,871.77 | 0.6443 | 1.6833 | 06/30/2025 |
| 9 | PGIM Quantitative Solutions LLC | 471,400 | 199,800 | 5,944,354 | 0.0075 | 0.3032 | 06/30/2025 |
| 10 | American Century Investment Management, Inc. | 588,845 | 192,955 | 7,425,335.45 | 0.0029 | 0.3787 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Norges Bank Investment Management | 0 | -1,180,552 | 0 | 0 | 0 | |
| 2 | Hermes Investment Management Ltd. | 2,133,467 | -907,059 | 26,903,018.87 | 0.1519 | 1.3721 | 06/30/2025 |
| 3 | Krane Funds Advisors LLC | 3,741,165 | -591,522 | 47,176,090.65 | 0.4241 | 2.406 | 06/30/2025 |
| 4 | Goldman Sachs Asset Management LP | 0 | -586,490 | 0 | 0 | 0 | |
| 5 | Two Sigma Investments LP | 537,739 | -573,548 | 6,780,888.79 | 0.0113 | 0.3458 | 06/30/2025 |
| 6 | Allspring Global Investments LLC | 17,100 | -555,045 | 215,631 | 0.0003 | 0.011 | 06/30/2025 |
| 7 | Goldman Sachs & Co. LLC (Private Banking) | 1,710,427 | -529,124 | 21,568,484.47 | 0.0087 | 1.1 | 06/30/2025 |
| 8 | Susquehanna Financial Group LLLP | 686,276 | -522,669 | 8,653,940.36 | 0.0122 | 0.4414 | 06/30/2025 |
| 9 | Geode Capital Management LLC | 150,169 | -382,326 | 1,893,631.09 | 0.0001 | 0.0966 | 06/30/2025 |
| 10 | Numeric Investors LLC | 0 | -362,889 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.