Data as of: 01/18/2019

Name Shares Market Value % of Market Value % of Net Assets
TENCENT HOLDINGS LTD 686,992 $29,516,775.44 8.49% 8.49%
NASPERS LTD-N SHS 120,289 $26,757,760.54 7.70% 7.69%
ALIBABA GROUP HOLDING-SP 159,650 $25,068,243.00 7.21% 7.21%
NETEASE INC-ADR 90,477 $22,861,728.36 6.57% 6.57%
BAIDU INC - SPON ADR 118,213 $20,256,979.68 5.83% 5.82%
MERCADOLIBRE INC 53,506 $18,762,413.96 5.40% 5.39%
NAVER CORP 151,711 $18,594,520.21 5.35% 5.35%
CTRIP.COM INTERNATIONAL-A 534,098 $17,304,775.20 4.98% 4.98%
JD.COM INC-ADR 725,801 $16,882,131.26 4.86% 4.85%
YANDEX NV-A 477,757 $14,724,470.74 4.23% 4.23%
NCSOFT CORP 24,393 $10,828,287.20 3.11% 3.11%
58.COM INC-ADR 148,790 $8,966,085.40 2.58% 2.58%
AUTOHOME INC-ADR 110,756 $8,045,315.84 2.31% 2.31%
MAIL.RU GROUP-GDR REGS 307,001 $7,754,845.26 2.23% 2.23%
MOMO INC-SPON ADR 242,981 $7,352,605.06 2.11% 2.11%
IQIYI INC-ADR 396,801 $7,340,818.50 2.11% 2.11%
KAKAO CORP 81,981 $7,278,430.81 2.09% 2.09%
SINA CORP 108,584 $6,701,804.48 1.93% 1.93%
DELIVERY HERO AG 176,337 $6,602,265.09 1.90% 1.90%
51 JOBS INC ADR 78,275 $5,310,958.75 1.53% 1.53%
YY INC-ADR 59,493 $4,400,697.21 1.27% 1.27%
KINGDEE INTERNATIONAL SFT 4,329,000 $4,067,639.02 1.17% 1.17%
CVC BRASIL OPERADORA E AG 250,800 $4,019,900.64 1.16% 1.16%
B2W CIA DIGITAL 304,431 $3,740,338.14 1.08% 1.08%
VIPSHOP HOLDINGS LTD ADR 527,665 $3,625,058.55 1.04% 1.04%
WEIBO CORP-SPON ADR 50,005 $3,040,304.00 0.87% 0.87%
MAKEMYTRIP LTD 96,002 $2,497,972.04 0.72% 0.72%
ZHONGAN ONLINE P&C INSURA 688,500 $2,475,371.48 0.71% 0.71%
INFO EDGE INDIA LTD 111,178 $2,468,555.63 0.71% 0.71%
QUDIAN INC-SPON ADR 450,576 $2,415,087.36 0.70% 0.69%
ROCKET INTERNET SE 87,497 $2,178,026.67 0.63% 0.63%
SEA LTD-ADR 163,022 $2,054,077.20 0.59% 0.59%
LEXINFINTECH HOLDINGS L-A 188,962 $1,763,015.46 0.51% 0.51%
CHINA LITERATURE LTD 342,600 $1,679,465.29 0.48% 0.48%
COM2US CORP 14,831 $1,504,450.51 0.43% 0.43%
UXIN LTD - ADR 423,938 $1,420,192.30 0.41% 0.41%
BITAUTO HOLDINGS LTD-ADR 65,432 $1,244,516.64 0.36% 0.36%
MEITU INC 3,486,500 $1,195,719.41 0.34% 0.34%
YIRENDAI LTD - ADR 99,593 $1,168,225.89 0.34% 0.34%
QIWI PLC-SPONSORED ADR 80,750 $1,158,762.50 0.33% 0.33%
21VIANET GROUP INC 122,429 $1,152,056.89 0.33% 0.33%
HUYA INC-ADR 55,104 $1,119,162.24 0.32% 0.32%
SOGOU INC-ADR 173,360 $1,059,229.60 0.31% 0.31%
PPDAI GROUP INC-ADR 277,815 $1,022,359.20 0.29% 0.29%
CAFE24 CORP 10,502 $984,811.16 0.28% 0.28%
BAOZUN INC-SPN ADR 29,003 $965,509.87 0.28% 0.28%
FANG HOLDINGS LTD - ADR 510,715 $965,251.35 0.28% 0.28%
NHN ENTERTAINMENT CORP 17,533 $958,036.19 0.28% 0.28%
DESPEGAR.COM CORP 49,359 $700,404.21 0.20% 0.20%
PCHOME ONLINE INC 150,058 $635,117.21 0.18% 0.18%
SECOO HOLDING LTD - ADR 64,739 $571,645.37 0.16% 0.16%
CHANGYOU.COM LTD-ADR 29,496 $532,992.72 0.15% 0.15%
HC GROUP INC 887,697 $509,289.35 0.15% 0.15%
AFREECATV CO LTD 12,597 $446,905.20 0.13% 0.13%
CHEETAH MOBILE INC - ADR 61,767 $404,573.85 0.12% 0.12%
SOHU.COM LTD-ADR 17,715 $346,151.10 0.10% 0.10%
CHONG SING HOLDINGS FINTE 29,388,000 $254,780.55 0.07% 0.07%
INDIA CAPITAL GAINS TAX -120,349.83 $-1,691.91 0.00% 0.00%
TAIWAN DOLLAR 20,362 $660.40 0.00% 0.00%
INDIA CAP GAINS TAX LONG -3,439,051.2 $-48,347.12 -0.01% -0.01%

Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.