| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 1,474,900 | -84,746 | 91,827,274 | 0.8342 | 4.2095 | 09/30/2025 |
| 2 | Acadian Asset Management LLC | 1,466,405 | -152,563 | 91,298,375.3 | 0.1365 | 4.1853 | 09/30/2025 |
| 3 | Stonehill Capital Management LLC | 1,380,054 | -906,267 | 85,922,162.04 | 24.6641 | 3.9388 | 09/30/2025 |
| 4 | Arrowstreet Capital LP | 889,211 | 9,857 | 55,362,276.86 | 0.0326 | 2.5379 | 09/30/2025 |
| 5 | The Vanguard Group, Inc. | 827,390 | -26,629 | 51,513,301.4 | 0.0007 | 2.3614 | 09/30/2025 |
| 6 | Causeway Capital Management LLC | 790,060 | 702,276 | 49,189,135.6 | 0.1033 | 2.2549 | 09/30/2025 |
| 7 | Farallon Capital Management LLC | 625,000 | -155,000 | 38,912,500 | 0.1943 | 1.7838 | 09/30/2025 |
| 8 | Morgan Stanley & Co. LLC | 624,856 | -75,941 | 38,903,534.56 | 0.0132 | 1.7834 | 09/30/2025 |
| 9 | OLP Capital Management Ltd. | 581,154 | -950,811 | 36,182,648.04 | 3.2146 | 1.6587 | 09/30/2025 |
| 10 | Alpine Investment Management Ltd. | 575,000 | -425,000 | 35,799,500 | 26.2918 | 1.6411 | 09/30/2025 |
| 11 | BlackRock Fund Advisors | 555,472 | 39,115 | 34,583,686.72 | 0.0007 | 1.5854 | 09/30/2025 |
| 12 | LSV Asset Management | 500,199 | 156,300 | 31,142,389.74 | 0.0524 | 1.4276 | 09/30/2025 |
| 13 | SSgA Funds Management, Inc. | 480,689 | -71,466 | 29,927,697.14 | 0.001 | 1.3719 | 09/30/2025 |
| 14 | Connor, Clark & Lunn Investment Management Ltd. | 416,412 | 280,754 | 25,925,811.12 | 0.071 | 1.1885 | 09/30/2025 |
| 15 | Whitefort Capital Management, LP | 404,944 | -354,499 | 25,211,813.44 | 6.8114 | 1.1557 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 1,381,313 | 178,195 | 86,000,547.38 | 0.9583 | 3.9424 | 11/28/2025 |
| 2 | Vanguard Total International Stock Index Fund | 389,248 | -17,735 | 24,234,580.48 | 0.0042 | 1.1109 | 10/31/2025 |
| 3 | Vanguard Emerging Markets Stock Index Fund | 362,625 | -1,677 | 22,577,032.5 | 0.0156 | 1.035 | 10/31/2025 |
| 4 | Invesco China Technology ETF | 327,529 | 143,049 | 20,391,955.54 | 0.7067 | 0.9348 | 10/31/2025 |
| 5 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 289,000 | 5,900 | 17,993,140 | 0.4177 | 0.8248 | 08/29/2025 |
| 6 | CREF Stock Account | 285,625 | 1,625 | 17,783,012.5 | 0.0129 | 0.8152 | 09/30/2025 |
| 7 | iShares Core MSCI Emerging Markets ETF | 285,502 | 20,309 | 17,775,354.52 | 0.0157 | 0.8148 | 10/31/2025 |
| 8 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 202,213 | -12,049 | 12,589,781.38 | 0.0043 | 0.5771 | 10/31/2025 |
| 9 | BOCOM Schroder CSI Overseas China Internet Index Fund | 183,152 | -51,621 | 11,403,043.52 | 0.9264 | 0.5227 | 06/30/2025 |
| 10 | KraneShares ICAV - CSI China Internet UCITS ETF | 183,026 | 73,624 | 11,395,198.76 | 0.9668 | 0.5224 | 11/28/2025 |
| 11 | State Street SPDR S&P Kensho New Economies Composite ETF | 159,819 | 34,462 | 9,950,330.94 | 0.4007 | 0.4561 | 11/28/2025 |
| 12 | Nuveen Quant International Small Cap Equity Fund | 139,300 | 0 | 8,672,818 | 0.6608 | 0.3976 | 09/30/2025 |
| 13 | JNL Multi Manager International Small Cap Fund | 127,297 | 89,997 | 7,925,511.22 | 1.1265 | 0.3633 | 09/30/2025 |
| 14 | Causeway Emerging Markets Fund | 124,411 | 124,411 | 7,745,828.86 | 0.2766 | 0.3551 | 09/30/2025 |
| 15 | SEI Institutional Invt. Trust - World Equity (ex-US) Fund | 113,942 | 0 | 7,094,028.92 | 0.0823 | 0.3252 | 10/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Causeway Capital Management LLC | 790,060 | 702,276 | 49,189,135.6 | 0.1033 | 2.2549 | 09/30/2025 |
| 2 | Ariose Capital Management Ltd. | 370,437 | 370,437 | 23,063,407.62 | 7.1017 | 1.0573 | 09/30/2025 |
| 3 | Invesco Hong Kong Ltd. | 356,664 | 356,664 | 22,205,900.64 | 0.5592 | 1.018 | 09/30/2025 |
| 4 | Connor, Clark & Lunn Investment Management Ltd. | 416,412 | 280,754 | 25,925,811.12 | 0.071 | 1.1885 | 09/30/2025 |
| 5 | Nan Fung Trinity (HK) Ltd. | 277,700 | 277,700 | 17,289,602 | 1.7156 | 0.7926 | 09/30/2025 |
| 6 | Healthcare of Ontario Pension Plan | 251,600 | 251,600 | 15,664,616 | 0.0279 | 0.7181 | 09/30/2025 |
| 7 | MY.Alpha Management (HK) Advisors Ltd. | 353,204 | 225,777 | 21,990,481.04 | 15.3614 | 1.0081 | 09/30/2025 |
| 8 | Point72 Asset Management LP | 214,792 | 214,792 | 13,372,949.92 | 0.0243 | 0.613 | 09/30/2025 |
| 9 | Goldman Sachs & Co. LLC (Private Banking) | 354,750 | 187,082 | 22,086,735 | 0.0095 | 1.0125 | 09/30/2025 |
| 10 | Qube Research & Technologies Ltd. | 192,320 | 179,675 | 11,973,843.2 | 0.0169 | 0.5489 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Bright Valley Capital Ltd. | 255,000 | -1,057,841 | 15,876,300 | 12.9856 | 0.7278 | 09/30/2025 |
| 2 | OLP Capital Management Ltd. | 581,154 | -950,811 | 36,182,648.04 | 3.2146 | 1.6587 | 09/30/2025 |
| 3 | Stonehill Capital Management LLC | 1,380,054 | -906,267 | 85,922,162.04 | 24.6641 | 3.9388 | 09/30/2025 |
| 4 | Eastspring Investments (Singapore) Ltd. | 230,467 | -760,574 | 14,348,875.42 | 0.0547 | 0.6578 | 09/30/2025 |
| 5 | Canada Pension Plan Investment Board | 0 | -528,273 | 0 | 0 | 0 | |
| 6 | Alpine Investment Management Ltd. | 575,000 | -425,000 | 35,799,500 | 26.2918 | 1.6411 | 09/30/2025 |
| 7 | Fidelity Management & Research Co. LLC | 7,402 | -364,918 | 460,848.52 | 0 | 0.0211 | 09/30/2025 |
| 8 | Whitefort Capital Management, LP | 404,944 | -354,499 | 25,211,813.44 | 6.8114 | 1.1557 | 09/30/2025 |
| 9 | UBS Securities LLC | 82,301 | -352,867 | 5,124,060.26 | 0.0021 | 0.2349 | 09/30/2025 |
| 10 | Tiger Pacific Capital LP | 300,694 | -251,420 | 18,721,208.44 | 5.2458 | 0.8582 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.