| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Alibaba Group Holding Ltd. (Investment Management) | 9,000,000 | 0 | 87,930,000 | 5.2174 | 5.7527 | 09/30/2025 |
| 2 | Acadian Asset Management LLC | 5,859,899 | -105,389 | 57,251,213.23 | 0.0881 | 3.7456 | 09/30/2025 |
| 3 | Krane Funds Advisors LLC | 4,676,063 | 343,376 | 45,685,135.51 | 0.424 | 2.9889 | 09/30/2025 |
| 4 | Causeway Capital Management LLC | 2,952,249 | 695,784 | 28,843,472.73 | 0.0637 | 1.887 | 09/30/2025 |
| 5 | Saba Capital Management LP | 2,015,063 | -344,294 | 19,687,165.51 | 0.4351 | 1.288 | 09/30/2025 |
| 6 | BlackRock Fund Advisors | 1,959,015 | -677,340 | 19,139,576.55 | 0.0004 | 1.2522 | 09/30/2025 |
| 7 | Macquarie Investment Management Business Trust | 1,572,680 | -26,538 | 15,365,083.6 | 0.0159 | 1.0052 | 09/30/2025 |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 1,345,798 | -893,753 | 13,148,446.46 | 0.0059 | 0.8602 | 09/30/2025 |
| 9 | SSgA Funds Management, Inc. | 1,247,685 | 227,088 | 12,189,882.45 | 0.0004 | 0.7975 | 09/30/2025 |
| 10 | Hermes Investment Management Ltd. | 1,146,201 | -1,894,325 | 11,198,383.77 | 0.0698 | 0.7326 | 09/30/2025 |
| 11 | TIAA-CREF Investment Management LLC | 1,140,300 | 1,067,400 | 11,140,731 | 0.0044 | 0.7289 | 09/30/2025 |
| 12 | Grantham, Mayo, Van Otterloo & Co. LLC | 1,045,801 | 596,800 | 10,217,475.77 | 0.0211 | 0.6685 | 09/30/2025 |
| 13 | UBS Securities LLC | 1,000,277 | 650,825 | 9,772,706.29 | 0.0042 | 0.6394 | 09/30/2025 |
| 14 | Wellington Management Co. LLP | 878,374 | 30,808 | 8,581,713.98 | 0.0014 | 0.5614 | 09/30/2025 |
| 15 | Two Sigma Advisers LP | 816,188 | -292,400 | 7,974,156.76 | 0.0163 | 0.5217 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 4,351,671 | 1,126,167 | 42,515,825.67 | 0.4743 | 2.7815 | 10/31/2025 |
| 2 | Hermes Invt. Funds - Asia (ex-Japan) Equity Fund | 1,520,638 | -869,113 | 14,856,633.26 | 0.3086 | 0.972 | 08/29/2025 |
| 3 | Macquarie Emerging Markets Fund | 1,450,000 | 0 | 14,166,500 | 0.1707 | 0.9268 | 09/30/2025 |
| 4 | CREF Stock Account | 1,140,300 | 741,700 | 11,140,731 | 0.0084 | 0.7289 | 09/30/2025 |
| 5 | iShares Core MSCI Emerging Markets ETF | 847,097 | 61,934 | 8,276,137.69 | 0.0074 | 0.5415 | 10/31/2025 |
| 6 | Government Pension Fund - Global (The) | 795,571 | -384,981 | 7,772,728.67 | 0.0005 | 0.5085 | 06/30/2025 |
| 7 | State Street SPDR S&P Kensho New Economies Composite ETF | 781,102 | 322,252 | 7,631,366.54 | 0.3258 | 0.4993 | 10/31/2025 |
| 8 | Causeway Emerging Markets Fund | 673,403 | 25,502 | 6,579,147.31 | 0.2374 | 0.4304 | 09/30/2025 |
| 9 | Nuveen Quant International Small Cap Equity Fund | 568,400 | 383,000 | 5,553,268 | 0.4397 | 0.3633 | 09/30/2025 |
| 10 | DFA Emerging Markets Core Equity 2 Portfolio | 552,309 | 0 | 5,396,058.93 | 0.016 | 0.353 | 08/31/2025 |
| 11 | BOCOM Schroder CSI Overseas China Internet Index Fund | 551,613 | -133,259 | 5,389,259.01 | 0.4362 | 0.3526 | 06/30/2025 |
| 12 | Avantis Emerging Markets Equity ETF | 549,479 | 167,563 | 5,368,409.83 | 0.038 | 0.3512 | 10/31/2025 |
| 13 | Saba Capital Income & Opportunities Fund | 481,775 | -53,892 | 4,706,941.75 | 1.7433 | 0.3079 | 07/31/2025 |
| 14 | Russell Invt. Co. Plc - Acadian Emerging Markets Equ. UCITS II | 430,306 | 0 | 4,204,089.62 | 0.1913 | 0.275 | 03/31/2025 |
| 15 | KraneShares ICAV - CSI China Internet UCITS ETF | 411,677 | 124,501 | 4,022,084.29 | 0.4831 | 0.2631 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | TIAA-CREF Investment Management LLC | 1,140,300 | 1,067,400 | 11,140,731 | 0.0044 | 0.7289 | 09/30/2025 |
| 2 | Causeway Capital Management LLC | 2,952,249 | 695,784 | 28,843,472.73 | 0.0637 | 1.887 | 09/30/2025 |
| 3 | UBS Securities LLC | 1,000,277 | 650,825 | 9,772,706.29 | 0.0042 | 0.6394 | 09/30/2025 |
| 4 | D. E. Shaw & Co. LP | 628,085 | 617,188 | 6,136,390.45 | 0.0051 | 0.4015 | 09/30/2025 |
| 5 | Grantham, Mayo, Van Otterloo & Co. LLC | 1,045,801 | 596,800 | 10,217,475.77 | 0.0211 | 0.6685 | 09/30/2025 |
| 6 | Teachers Advisors LLC | 568,400 | 568,400 | 5,553,268 | 0.0027 | 0.3633 | 09/30/2025 |
| 7 | JPMorgan Securities LLC (Investment Management) | 606,014 | 485,366 | 5,920,756.78 | 0.003 | 0.3874 | 09/30/2025 |
| 8 | Jane Street Capital LLC | 595,840 | 346,324 | 5,821,356.8 | 0.007 | 0.3809 | 09/30/2025 |
| 9 | Krane Funds Advisors LLC | 4,676,063 | 343,376 | 45,685,135.51 | 0.424 | 2.9889 | 09/30/2025 |
| 10 | Virtus Advisers LLC | 340,931 | 340,931 | 3,330,895.87 | 2.3162 | 0.2179 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Hermes Investment Management Ltd. | 1,146,201 | -1,894,325 | 11,198,383.77 | 0.0698 | 0.7326 | 09/30/2025 |
| 2 | Norges Bank Investment Management | 0 | -1,180,552 | 0 | 0 | 0 | |
| 3 | Two Sigma Investments LP | 0 | -1,111,287 | 0 | 0 | 0 | |
| 4 | Goldman Sachs & Co. LLC (Private Banking) | 1,345,798 | -893,753 | 13,148,446.46 | 0.0059 | 0.8602 | 09/30/2025 |
| 5 | Susquehanna Financial Group LLLP | 487,393 | -721,552 | 4,761,829.61 | 0.0077 | 0.3115 | 09/30/2025 |
| 6 | BlackRock Fund Advisors | 1,959,015 | -677,340 | 19,139,576.55 | 0.0004 | 1.2522 | 09/30/2025 |
| 7 | Bank of America, NA (Private Banking) | 435,335 | -644,486 | 4,253,222.95 | 0.0013 | 0.2783 | 09/30/2025 |
| 8 | Allspring Global Investments LLC | 0 | -572,145 | 0 | 0 | 0 | |
| 9 | Arrowstreet Capital LP | 363,667 | -565,159 | 3,553,026.59 | 0.0022 | 0.2325 | 09/30/2025 |
| 10 | Goldman Sachs Asset Management LP | 22,474 | -564,016 | 219,570.98 | 0 | 0.0144 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.