Data as of: 04/20/2018

Name Shares Market Value % of Market Value % of Net Assets
TENCENT HOLDINGS LTD 751,892 $38,356,311.10 7.73% 7.73%
ALIBABA GROUP HOLDING-SP 203,971 $36,533,245.81 7.36% 7.36%
NASPERS LTD-N SHS 124,723 $31,358,041.56 6.32% 6.32%
BAIDU INC - SPON ADR 131,178 $30,498,885.00 6.14% 6.14%
JD.COM INC-ADR 707,370 $26,483,932.80 5.33% 5.33%
MERCADOLIBRE INC 78,749 $25,553,263.01 5.15% 5.15%
NETEASE INC-ADR 87,904 $23,408,835.20 4.71% 4.72%
NAVER CORP 32,730 $22,326,015.46 4.50% 4.50%
YANDEX NV-A 654,639 $22,074,427.08 4.45% 4.45%
58.COM INC-ADR 243,681 $20,476,514.43 4.12% 4.12%
CTRIP.COM INTERNATIONAL-A 470,366 $20,061,109.90 4.04% 4.04%
SINA CORP 177,948 $17,083,008.00 3.44% 3.44%
MOMO INC-SPON ADR 397,992 $14,459,049.36 2.91% 2.91%
NCSOFT CORP 39,457 $13,642,195.36 2.75% 2.75%
VIPSHOP HOLDINGS LTD ADR 864,312 $13,569,698.40 2.73% 2.73%
DELIVERY HERO AG 259,455 $12,398,841.64 2.50% 2.50%
AUTOHOME INC-ADR 112,621 $11,071,770.51 2.23% 2.23%
DAUM KAKAO CORP 94,097 $10,139,287.89 2.04% 2.04%
WEIBO CORP-SPON ADR 81,883 $9,751,446.47 1.96% 1.96%
MAIL.RU GROUP-GDR REGS 294,357 $9,631,361.04 1.94% 1.94%
YY INC-ADR 97,421 $9,049,436.69 1.82% 1.82%
CVC BRASIL OPERADORA E AG 401,000 $6,820,503.72 1.37% 1.37%
MEITU INC 5,714,000 $6,329,425.56 1.28% 1.28%
ROCKET INTERNET SE 203,631 $6,075,701.17 1.22% 1.22%
YIRENDAI LTD - ADR 162,635 $5,849,980.95 1.18% 1.18%
KINGDEE INTERNATIONAL SFT 5,948,000 $5,436,187.15 1.10% 1.10%
51 JOBS INC ADR 58,460 $5,218,724.20 1.05% 1.05%
MAKEMYTRIP LTD 136,046 $4,809,226.10 0.97% 0.97%
B2W CIA DIGITAL 484,931 $4,478,779.83 0.90% 0.90%
COM2US CORP 26,326 $4,264,947.67 0.86% 0.86%
FANG HOLDINGS LTD - ADR 836,546 $3,973,593.50 0.80% 0.80%
SOHU.COM INC 86,662 $2,935,241.94 0.59% 0.59%
INFO EDGE INDIA LTD 157,470 $2,872,846.09 0.58% 0.58%
BAOZUN INC-SPN ADR 47,472 $2,230,234.56 0.45% 0.45%
QIWI PLC-SPONSORED ADR 127,722 $2,153,392.92 0.43% 0.43%
BITAUTO HOLDINGS LTD-ADR 101,968 $2,139,288.64 0.43% 0.43%
NHN ENTERTAINMENT CORP 28,313 $1,655,405.20 0.33% 0.33%
CHANGYOU.COM LTD-ADR 48,276 $1,463,245.56 0.30% 0.30%
PCHOME ONLINE INC 252,058 $1,277,480.25 0.26% 0.26%
DESPEGAR.COM CORP 41,610 $1,250,796.60 0.25% 0.25%
21VIANET GROUP INC 200,538 $1,171,141.92 0.24% 0.24%
INFIBEAM INCORPORATION LT 447,505 $1,159,824.80 0.23% 0.23%
TIAN GE INTERACTIVE HOLDI 1,330,000 $1,130,789.48 0.23% 0.23%
NETDRAGON WEBSOFT INC 446,000 $1,068,801.35 0.22% 0.22%
HC INTERNATIONAL INC 1,402,697 $951,217.40 0.19% 0.19%
COGOBUY GROUP 1,639,000 $795,991.10 0.16% 0.16%
LINK MOTION INC 231,726 $481,990.08 0.10% 0.10%
TAIWAN DOLLAR 19,556 $665.19 0.00% 0.00%
INDIA CAPITAL GAINS TAX -5,913,911.38 $-89,555.53 -0.02% -0.02%

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