| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Krane Funds Advisors LLC | 6,344,592 | -688,335 | 118,897,654.08 | 1.0802 | 4.2791 | 09/30/2025 |
| 2 | OLP Capital Management Ltd. | 5,010,933 | -1,564,187 | 93,904,884.42 | 8.3428 | 3.3796 | 09/30/2025 |
| 3 | Acadian Asset Management LLC | 4,902,029 | -675,445 | 91,864,023.46 | 0.1374 | 3.3061 | 09/30/2025 |
| 4 | The Vanguard Group, Inc. | 3,313,020 | 9,964 | 62,085,994.8 | 0.0008 | 2.2344 | 09/30/2025 |
| 5 | Greenwoods Investments SG Pte Ltd. | 3,295,438 | 606,446 | 61,756,508.12 | 1.4452 | 2.2226 | 09/30/2025 |
| 6 | BlackRock Fund Advisors | 3,127,914 | 101,368 | 58,617,108.36 | 0.0013 | 2.1096 | 09/30/2025 |
| 7 | Numeric Investors LLC | 2,282,852 | 1,216,175 | 42,780,646.48 | 0.1075 | 1.5397 | 09/30/2025 |
| 8 | Morgan Stanley Investment Management, Inc. | 2,255,853 | -2,382,139 | 42,274,685.22 | 0.0435 | 1.5214 | 09/30/2025 |
| 9 | SSgA Funds Management, Inc. | 2,240,860 | -311,737 | 41,993,716.4 | 0.0014 | 1.5113 | 09/30/2025 |
| 10 | Morgan Stanley & Co. LLC | 1,885,685 | 842,753 | 35,337,736.9 | 0.012 | 1.2718 | 09/30/2025 |
| 11 | Swedbank Robur Fonder AB | 1,660,064 | 358,164 | 31,109,599.36 | 0.0169 | 1.1196 | 09/30/2025 |
| 12 | Dimensional Fund Advisors LP | 1,623,661 | -42,649 | 30,427,407.14 | 0.0047 | 1.0951 | 09/30/2025 |
| 13 | Citigroup Global Markets, Inc. (Investment Management) | 1,498,979 | 1,221,332 | 28,090,866.46 | 0.0231 | 1.011 | 09/30/2025 |
| 14 | UBS Securities LLC | 1,424,412 | 324,311 | 26,693,480.88 | 0.0109 | 0.9607 | 09/30/2025 |
| 15 | Causeway Capital Management LLC | 1,291,210 | -16,063 | 24,197,275.4 | 0.0508 | 0.8708 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | KraneShares CSI China Internet ETF | 5,941,854 | 726,269 | 111,350,343.96 | 1.2408 | 4.0074 | 11/28/2025 |
| 2 | Morgan Stanley Invt. Fds. - Asia Opportunity Fund | 1,925,475 | -2,065,830 | 36,083,401.5 | 1.1274 | 1.2986 | 09/30/2025 |
| 3 | Vanguard Total International Stock Index Fund | 1,514,965 | -38,591 | 28,390,444.1 | 0.005 | 1.0218 | 10/31/2025 |
| 4 | Vanguard Emerging Markets Stock Index Fund | 1,401,463 | 5,336 | 26,263,416.62 | 0.0181 | 0.9452 | 10/31/2025 |
| 5 | Swedbank Robur Global Emerging Markets | 1,329,500 | 334,700 | 24,914,830 | 1.4124 | 0.8967 | 10/31/2025 |
| 6 | DFA Emerging Markets Core Equity 2 Portfolio | 1,029,222 | 0 | 19,287,620.28 | 0.0563 | 0.6942 | 09/30/2025 |
| 7 | iShares Core MSCI Emerging Markets ETF | 1,019,737 | -63,393 | 19,109,871.38 | 0.0169 | 0.6878 | 10/31/2025 |
| 8 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 788,624 | -11,145 | 14,778,813.76 | 0.0051 | 0.5319 | 10/31/2025 |
| 9 | KraneShares ICAV - CSI China Internet UCITS ETF | 787,946 | 273,374 | 14,766,108.04 | 1.2528 | 0.5314 | 11/28/2025 |
| 10 | BOCOM Schroder CSI Overseas China Internet Index Fund | 781,753 | -313,072 | 14,650,051.22 | 1.1901 | 0.5272 | 06/30/2025 |
| 11 | Avantis Emerging Markets Equity ETF | 750,638 | 165,468 | 14,066,956.12 | 0.0926 | 0.5063 | 11/28/2025 |
| 12 | Artemis Investment Funds ICVC - Global Emerging Markets | 641,800 | 178,000 | 12,027,332 | 0.4492 | 0.4329 | 07/31/2025 |
| 13 | Man Funds plc - Asia ex Japan Equity | 587,782 | 402,343 | 11,015,034.68 | 0.9614 | 0.3964 | 06/30/2025 |
| 14 | E Fund CSI Overseas China Internet 50 ETF | 489,926 | -229,391 | 9,181,213.24 | 0.1724 | 0.3304 | 06/30/2025 |
| 15 | Driehaus Mutual Funds - Emerging Markets Growth Fund | 444,103 | 444,103 | 8,322,490.22 | 0.2034 | 0.2995 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Citigroup Global Markets, Inc. (Investment Management) | 1,498,979 | 1,221,332 | 28,090,866.46 | 0.0231 | 1.011 | 09/30/2025 |
| 2 | Numeric Investors LLC | 2,282,852 | 1,216,175 | 42,780,646.48 | 0.1075 | 1.5397 | 09/30/2025 |
| 3 | Driehaus Capital Management LLC | 1,041,340 | 1,041,340 | 19,514,711.6 | 0.0995 | 0.7023 | 09/30/2025 |
| 4 | Triata Capital Ltd. | 1,083,980 | 977,849 | 20,313,785.2 | 2.6862 | 0.7311 | 09/30/2025 |
| 5 | Morgan Stanley & Co. LLC | 1,885,685 | 842,753 | 35,337,736.9 | 0.012 | 1.2718 | 09/30/2025 |
| 6 | BofA Securities, Inc. | 699,471 | 688,589 | 13,108,086.54 | 0.0224 | 0.4718 | 09/30/2025 |
| 7 | Greenwoods Investments SG Pte Ltd. | 3,295,438 | 606,446 | 61,756,508.12 | 1.4452 | 2.2226 | 09/30/2025 |
| 8 | Millennium Management LLC | 898,471 | 548,840 | 16,837,346.54 | 0.0131 | 0.606 | 09/30/2025 |
| 9 | Voloridge Investment Management LLC | 519,221 | 519,221 | 9,730,201.54 | 0.0321 | 0.3502 | 09/30/2025 |
| 10 | Cape Ann Asset Management Ltd. | 510,700 | 510,700 | 9,570,518 | 2.6626 | 0.3444 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | AllianceBernstein LP | 89,941 | -2,811,625 | 1,685,494.34 | 0.0005 | 0.0607 | 09/30/2025 |
| 2 | Morgan Stanley Investment Management, Inc. | 2,255,853 | -2,382,139 | 42,274,685.22 | 0.0435 | 1.5214 | 09/30/2025 |
| 3 | AQR Capital Management LLC | 0 | -2,252,495 | 0 | 0 | 0 | |
| 4 | OLP Capital Management Ltd. | 5,010,933 | -1,564,187 | 93,904,884.42 | 8.3428 | 3.3796 | 09/30/2025 |
| 5 | Arrowstreet Capital LP | 211,370 | -1,211,424 | 3,961,073.8 | 0.0023 | 0.1426 | 09/30/2025 |
| 6 | Keystone Investors Pte Ltd. | 0 | -1,175,990 | 0 | 0 | 0 | |
| 7 | Tiger Pacific Capital LP | 0 | -943,227 | 0 | 0 | 0 | |
| 8 | Goldman Sachs & Co. LLC (Private Banking) | 406,347 | -885,105 | 7,614,942.78 | 0.0033 | 0.2741 | 09/30/2025 |
| 9 | Man Investments Australia Ltd. | 0 | -747,491 | 0 | 0 | 0 | |
| 10 | Candriam Belgium SA | 0 | -714,500 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.