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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | PDD HOLDINGS INC | $43.0M | 420558 | 39.76% |
| 2 | TRIP COM GROUP LTD | $24.7M | 495524 | 22.83% |
| 3 | NEW ORIENTAL ED & TECHNOLOGY | $16.6M | 293420 | 15.37% |
| 4 | TENCENT MUSIC ENTMT GROUP | $16.2M | 1750088 | 15.03% |
| 5 | ATOUR LIFESTYLE HLDGS LTD | $7.6M | 205830 | 7.01% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.