# EDGAR Filing Document

**Accession Number:** 0002061770
**File Stem:** 0000910472-26-002885
**Filing Date:** 2026-2
**Character Count:** 48515
**Document Hash:** 464a76bfba235c0ba64254d42d3f5f5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002885.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002885

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rayliant Funds Trust
- **CENTRAL INDEX KEY:** 0002061770

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24067
- **FILM NUMBER:** 26684487

**BUSINESS ADDRESS:**
- **STREET 1:** 5140 BIRCH STREET
- **STREET 2:** SUITE 300
- **CITY:** NEWPORT
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** (626) 407-4581

**MAIL ADDRESS:**
- **STREET 1:** 5140 BIRCH STREET
- **STREET 2:** SUITE 300
- **CITY:** NEWPORT
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### Rayliant-ChinaAMC Transformative China Tech ETF (Series ID: S000093092)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000261163 | Rayliant-ChinaAMC Transformative China Tech ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.0%** |  |
|  | **Cayman Islands - 42.3%** |  |
| 12500 | 3SBio, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $38836 |
| 6000 | Akeso, Inc.<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 87116 |
| 70300 | Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp; 1289889 |
| 18400 | Baidu, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310894 |
| 1980 | Bilibili, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 49076 |
| 11800 | China Resources Microelectronics Ltd. | &nbsp;&nbsp;&nbsp; 89195 |
| 55200 | Horizon Robotics<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 61422 |
| 13000 | Innovent Biologics, Inc.<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 127366 |
| 12650 | JD.com, Inc. | &nbsp;&nbsp;&nbsp; 181394 |
| 8100 | Li Auto, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 67494 |
| 45600 | Meituan<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 605248 |
| 14800 | NetEase, Inc. | &nbsp;&nbsp;&nbsp; 408094 |
| 10440 | NIO, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 54945 |
| 2400 | Pop Mart International Group Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 57882 |
| 188000 | SenseTime Group, Inc.<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 53143 |
| 66000 | Sino Biopharmaceutical Ltd. | &nbsp;&nbsp;&nbsp; 52408 |
| 4800 | Sunny Optical Technology Group Company Ltd. | &nbsp;&nbsp;&nbsp; 40428 |
| 18500 | Tencent Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1423859 |
| 12000 | Wuxi Biologics Cayman, Inc.<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 48477 |
| 146000 | Xiaomi Corp, Class B<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 737249 |
| 12200 | XPeng, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 124387 |
|  |  | &nbsp;&nbsp; 5908802 |
|  | **China - 56.7%** |  |
| 45300 | 360 Security Technology, Inc. | &nbsp;&nbsp;&nbsp; 72357 |
| 600 | ACM Research Shanghai, Inc. | &nbsp;&nbsp;&nbsp; 15105 |
| 1200 | Advanced Micro-Fabrication Equipment Inc China | &nbsp;&nbsp;&nbsp; 46798 |
| 4000 | Avary Holding Shenzhen Company Ltd. | &nbsp;&nbsp;&nbsp; 28931 |
| 1400 | Beijing Kingsoft Office Software, Inc. | &nbsp;&nbsp;&nbsp; 61475 |
| 8700 | Beijing Wantai Biological Pharmacy Enterprise<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 55909 |
| 318500 | BOE Technology Group Company Ltd. | &nbsp;&nbsp;&nbsp; 191744 |
| 20100 | BYD Company Ltd. | &nbsp;&nbsp;&nbsp; 280873 |
| 1600 | Cambricon Technologies Corp Ltd.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310145 |
| 16000 | Chaozhou Three-Circle Group Company Ltd. | &nbsp;&nbsp;&nbsp; 104675 |
| 16700 | Contemporary Amperex Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 877042 |

---

---

| | | |
|:---|:---|:---|
| **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.0% (Continued)** |  |
|  | **China - 56.7% (Continued)** |  |
| 52500 | East Money Information Company Ltd. | &nbsp;&nbsp;&nbsp; $174022 |
| 1200 | Ecovacs Robotics Company Ltd. | &nbsp;&nbsp;&nbsp; 13845 |
| 1000 | Empyrean Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 15205 |
| 3900 | Eoptolink Technology Inc Ltd. | &nbsp;&nbsp;&nbsp; 240299 |
| 16100 | Eve Energy Company Ltd. | &nbsp;&nbsp;&nbsp; 151397 |
| 13600 | Foxconn Industrial Internet Company Ltd. | &nbsp;&nbsp;&nbsp; 120673 |
| 17000 | Giant Network Group Company Ltd. | &nbsp;&nbsp;&nbsp; 105237 |
| 5000 | GigaDevice Semiconductor, Inc. | &nbsp;&nbsp;&nbsp; 153187 |
| 9100 | GoerTek, Inc. | &nbsp;&nbsp;&nbsp; 37386 |
| 6900 | Gotion High-tech Company Ltd. | &nbsp;&nbsp;&nbsp; 38589 |
| 17000 | Gree Electric Appliances Inc of Zhuhai | &nbsp;&nbsp;&nbsp; 97774 |
| 12500 | Haier Smart Home Company Ltd. | &nbsp;&nbsp;&nbsp; 46635 |
| 2900 | Hangzhou Chang Chuan Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 42013 |
| 1200 | Hithink RoyalFlush Information Network Company | &nbsp;&nbsp;&nbsp; 55285 |
| 5100 | Huagong Tech Company Ltd. | &nbsp;&nbsp;&nbsp; 57855 |
| 1600 | Huaqin Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 20761 |
| 1400 | Huizhou Desay Sv Automotive Company Ltd. | &nbsp;&nbsp;&nbsp; 24084 |
| 9200 | Hundsun Technologies, Inc. | &nbsp;&nbsp;&nbsp; 39665 |
| 13900 | Iflytek Company Ltd. | &nbsp;&nbsp;&nbsp; 99960 |
| 3100 | Jiangsu Hengli Hydraulic Company Ltd. | &nbsp;&nbsp;&nbsp; 48722 |
| 28800 | Jiangsu Hengrui Medicine Company Ltd. | &nbsp;&nbsp;&nbsp; 245330 |
| 8700 | Kunlun Tech Company Ltd.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 51878 |
| 25600 | LONGi Green Energy Technology Company Ltd., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 66626 |
| 19100 | Luxshare Precision Industry Company Ltd. | &nbsp;&nbsp;&nbsp; 154890 |
| 18500 | Midea Group Company Ltd. | &nbsp;&nbsp;&nbsp; 206742 |
| 7600 | Montage Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 128023 |
| 19600 | NARI Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 63006 |
| 3100 | NAURA Technology Group Company Ltd. | &nbsp;&nbsp;&nbsp; 203507 |
| 2300 | Ningbo Deye Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 28351 |
| 2300 | Ningbo Tuopu Group Company Ltd. | &nbsp;&nbsp;&nbsp; 25384 |
| 800 | Piotech, Inc. | &nbsp;&nbsp;&nbsp; 37752 |
| 1800 | Remegen Company Ltd.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20023 |
| 1100 | Rockchip Electronics Company Ltd. | &nbsp;&nbsp;&nbsp; 28043 |
| 2300 | Seres Group Company Ltd. | &nbsp;&nbsp;&nbsp; 39783 |

---

---

| | | |
|:---|:---|:---|
| **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 100.0% (Continued)** |  |
|  | **China - 56.7% (Continued)** |  |
| 31000 | Shanghai Electric Group Company Ltd.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $38168 |
| 8100 | Shanghai Fosun Pharmaceutical Group Company Ltd. | &nbsp;&nbsp;&nbsp; 30683 |
| 6300 | Shanghai Putailai New Energy Technology Group | &nbsp;&nbsp;&nbsp; 24630 |
| 2200 | Shanghai United Imaging Healthcare Company Ltd. | &nbsp;&nbsp;&nbsp; 39482 |
| 22200 | Shengyi Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 226695 |
| 1600 | Shennan Circuits Company Ltd. | &nbsp;&nbsp;&nbsp; 53147 |
| 14100 | Shenzhen Inovance Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 151886 |
| 2300 | Shenzhen Kinwong Electronic Company Ltd. | &nbsp;&nbsp;&nbsp; 24039 |
| 10600 | Shenzhen Mindray Bio-Medical Electronics Co. | &nbsp;&nbsp;&nbsp; 288680 |
| 300 | Sichuan Kelun-Biotech Biopharmaceutical Company<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 15118 |
| 6900 | Sungrow Power Supply Company Ltd. | &nbsp;&nbsp;&nbsp; 168763 |
| 9800 | Sunwoda Electronic Company Ltd. | &nbsp;&nbsp;&nbsp; 36646 |
| 1500 | Suzhou TFC Optical Communication Company Ltd. | &nbsp;&nbsp;&nbsp; 43549 |
| 10500 | TongFu Microelectronics Company Ltd. | &nbsp;&nbsp;&nbsp; 56606 |
| 5900 | Unigroup Guoxin Microelectronics Company Ltd. | &nbsp;&nbsp;&nbsp; 66491 |
| 12000 | Unisplendour Corp Ltd. | &nbsp;&nbsp;&nbsp; 42213 |
| 2200 | Verisilicon Microelectronics Shanghai Company Ltd.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 43090 |
| 2400 | Victory Giant Technology Huizhou Company Ltd. | &nbsp;&nbsp;&nbsp; 98696 |
| 6200 | Will Semiconductor Company Ltd. Shanghai | &nbsp;&nbsp;&nbsp; 111621 |
| 17100 | WUS Printed Circuit Kunshan Company Ltd. | &nbsp;&nbsp;&nbsp; 178676 |
| 7500 | WuXi AppTec Company Ltd., Class A | &nbsp;&nbsp;&nbsp; 97210 |
| 7100 | Wuxi Lead Intelligent Equipment Company Ltd. | &nbsp;&nbsp;&nbsp; 50744 |
| 600 | Yangtze Optical Fibre & Cable Joint Stock Ltd. | &nbsp;&nbsp;&nbsp; 9984 |
| 17600 | Zhejiang Dahua Technology Company Ltd. | &nbsp;&nbsp;&nbsp; 47668 |
| 9000 | Zhejiang Jingsheng Mechanical & Electrical Company | &nbsp;&nbsp;&nbsp; 47297 |
| 4600 | Zhejiang Leapmotor Technology Company Ltd.<sup>(a),(b)</sup> | &nbsp;&nbsp;&nbsp; 28737 |
| 17600 | Zhejiang Sanhua Intelligent Controls Company Ltd. | &nbsp;&nbsp;&nbsp; 139202 |
| 15300 | Zhengzhou Yutong Bus Company Ltd. | &nbsp;&nbsp;&nbsp; 71543 |
| 7000 | Zhongji Innolight Company Ltd. | &nbsp;&nbsp;&nbsp; 610602 |
| 26500 | Zoomlion Heavy Industry Science and Technology, Class A | &nbsp;&nbsp;&nbsp; 32703 |
| 26600 | ZTE Corporation | &nbsp;&nbsp;&nbsp; 143934 |
|  |  | &nbsp;&nbsp; 7945489 |
|  | **Hong Kong - 1.0%** |  |
| 54000 | CSPC Pharmaceutical Group Ltd. | &nbsp;&nbsp;&nbsp; 58491 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** | **RAYLIANT-CHINAAMC TRANSFORMATIVE CHINA TECH ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  |  |  | **Fair Value** |
|  | **COMMON STOCKS — 100.0% (Continued)** |  |  |  |
|  | **Hong Kong - 1.0% (Continued)** |  |  |  |
| 5000 | Hua Hong Semiconductor Ltd.<sup>(a),(b)</sup> |  |  | &nbsp;&nbsp;&nbsp; $47734 |
| 26000 | Lenovo Group Ltd. |  |  | &nbsp;&nbsp;&nbsp; 30935 |
|  |  |  |  | &nbsp;&nbsp; 137160 |
|  | **TOTAL COMMON STOCKS (Cost $14,628,748)** |  |  | &nbsp;&nbsp; 13991451 |
| **Shares** |  | **Strike Price** | **Expiration Date** | **Fair Value** |
|  | **WARRANT — 0.1%** |  |  |  |
|  | **ASSET MANAGEMENT - 0.1%** |  |  |  |
| 5 | Solactive ChinaAMC Transformative China Tech USD | $0.01 | &nbsp;&nbsp;&nbsp;10/2/2026 | &nbsp;&nbsp;&nbsp; 10765 |
|  | **TOTAL WARRANT (Cost $11,086)** |  |  | &nbsp;&nbsp; 10765 |
|  | **TOTAL INVESTMENTS - 100.1% (Cost $14,639,834)** |  |  | &nbsp;&nbsp;&nbsp; $14002216 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%** |  |  | &nbsp;&nbsp; (18261) |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $13983955 |

---

Ltd. - Limited Company <br>

<sup>(a)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2025 the total market value of 144A securities is 1,908,328 or 13.6% of net assets.

<sup>(b)</sup> Non-income producing security.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Rayliant Funds Trust

- **b. Investment Company Act file number:** 811-24067

- **c. CIK number of Registrant:** 0002061770

- **d. LEI of Registrant:** 5299001MT54CIEPH6H89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 5140 BIRCH STREET

  - **City:** Newport

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** 626-407-4581

**Item A.2. Information about the Series.**

- **a. Name of Series:** Rayliant-ChinaAMC Transformative China Tech ETF

- **b. EDGAR series identifier (if any):** S000093092

- **c. LEI of Series:** 529900O6GJZ2WYQXOJ21

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $14007551.59

**Total Liabilities:** $23596.64

**Net Assets:** $13983954.95

**Cash Not Reported:** $169.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261163 | -5.46%               | -4.65%               | 0.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $279.13                  | $-348156.16                                |
| Month 2  | $12377.95                | $-483614.68                                |
| Month 3  | $1334.73                 | $83395.83                                  |

### Schedule of Portfolio Investments

| Name                                                   | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CSPC Pharmaceutical Group Ltd.                         | CSPC PHARMACEUTICAL GROUP | CUSIP: Y1837N109<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | HK        |     54000 | NS      | $58491.12     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Ltd.                                      | LENOVO GROUP              | CUSIP: Y5257Y107<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |     26000 | NS      | $30935.20     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Biopharmaceutical Ltd.                            | SINO BIOPHARM             | CUSIP: G8167W138<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | KY        |     66000 | NS      | $52408.41     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                             | BIDU-SW                   | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |     18400 | NS      | $310893.88    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunny Optical Technology (Group) Co Ltd.               | SUNNY OPTICAL             | CUSIP: G8586D109<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | KY        |      4800 | NS      | $40428.03     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                                      | BBH SWEEP VEHICLE         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |      4528 | PA      | $4527.97      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EVE Energy Co Ltd.                                     | EVE ENERGY-A              | CUSIP: Y2303F109<br>LEI: 300300FTCIO530XV7T38 | Long             | EC               | CORP              | CN        |     16100 | NS      | $151397.23    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WUS Printed Circuit (Kunshan) Co Ltd.                  | WUS PRINTED-A             | CUSIP: Y9716K104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17100 | NS      | $178675.69    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisplendour Corp Ltd.                                 | UNISPLENDOUR C-A          | CUSIP: Y8997B106<br>LEI: 300300Z3RHZRXCNTRC53 | Long             | EC               | CORP              | CN        |     12000 | NS      | $42213.04     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunwoda Electronic Co Ltd.                             | SUNWODA ELECTR-A          | CUSIP: Y8309D105<br>LEI: 836800CQGW5QDXND0Q43 | Long             | EC               | CORP              | CN        |      9800 | NS      | $36646.12     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Huagong Tech Co Ltd.                                   | HUAGONG TECH -A           | CUSIP: Y3740C105<br>LEI: 300300PJC3VZEBWN8591 | Long             | EC               | CORP              | CN        |      5100 | NS      | $57854.60     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Sanhua Intelligent Controls Co Ltd.           | ZHEJIANG SANHU-A          | CUSIP: Y9890L126<br>LEI: 8368003UTQ4F88XERZ23 | Long             | EC               | CORP              | CN        |     17600 | NS      | $139202.36    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungrow Power Supply Co Ltd.                           | SUNGROW POWER -A          | CUSIP: Y8211M102<br>LEI: 30030052IWC7RGVFG505 | Long             | EC               | CORP              | CN        |      6900 | NS      | $168762.92    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Gotion High-Tech Co Ltd.                               | GOTION HIGH-TE-A          | CUSIP: Y4439F110<br>LEI: 300300J1NKV8ZBF0KN15 | Long             | EC               | CORP              | CN        |      6900 | NS      | $38589.32     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Unigroup Guoxin Microelectronics Co Ltd.               | UNIGROUP GUOXI-A          | CUSIP: Y8488J105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5900 | NS      | $66491.11     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chaozhou Three-Circle (Group) Co Ltd.                  | CHAOZHOU THREE-A          | CUSIP: Y1R99A101<br>LEI: 655600NIG229WUTGM382 | Long             | EC               | CORP              | CN        |     16000 | NS      | $104674.61    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd.                   | SHENZHEN INOVA-A          | CUSIP: Y7744Z101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14100 | NS      | $151885.86    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Tech Co Ltd.                                    | KUNLUN TECH CO-A          | CUSIP: Y0R7Z5109<br>LEI: 300300AMV45UQEH2Z513 | Long             | EC               | CORP              | CN        |      8700 | NS      | $51878.28     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hithink RoyalFlush Information Network Co Ltd.         | HITHINK ROYALF-A          | CUSIP: Y3181P102<br>LEI: 300300TIQA4R0NPLQE78 | Long             | EC               | CORP              | CN        |      1200 | NS      | $55285.35     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxshare Precision Industry Co Ltd.                    | LUXSHARE PRECI-A          | CUSIP: Y7744X106<br>LEI: 300300QLLDUELXN16530 | Long             | EC               | CORP              | CN        |     19100 | NS      | $154889.96    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Dahua Technology Co Ltd.                      | ZHEJIANG DAHUA-A          | CUSIP: Y988AP102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17600 | NS      | $47667.56     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Iflytek Co Ltd.                                        | IFLYTEK CO LTD-A          | CUSIP: Y013A6101<br>LEI: 3003000T23C63KVWOH32 | Long             | EC               | CORP              | CN        |     13900 | NS      | $99960.10     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Goertek Inc.                                           | GOERTEK INC -A            | CUSIP: Y27360109<br>LEI: 300300FEEFS8BQPXIV57 | Long             | EC               | CORP              | CN        |      9100 | NS      | $37385.85     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| East Money Information Co Ltd.                         | EAST MONEY INF-A          | CUSIP: Y2234B102<br>LEI: 836800ZFB0ZEK3KKW487 | Long             | EC               | CORP              | CN        |     52500 | NS      | $174021.54    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BOE Technology Group Co Ltd.                           | BOE TECHNOLOGY GROUP CO L | CUSIP: Y0920M101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    318500 | NS      | $191744.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Gree Electric Appliances Inc. of Zhuhai                | GREE ELECTRIC-A           | CUSIP: Y2882R102<br>LEI: 655600UY069MU9JRAN62 | Long             | EC               | CORP              | CN        |     17000 | NS      | $97773.52     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd.                                    | MIDEA GROUP CO LTD-A      | CUSIP: Y6S40V103<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     18500 | NS      | $206743.08    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTE Corp.                                              | ZTE CORP-A                | CUSIP: Y0004F121<br>LEI: 3003004FBGVVG1CW5U45 | Long             | EC               | CORP              | CN        |     26600 | NS      | $143933.88    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoomlion Heavy Industry Science & Technology Co Ltd.   | ZOOMLION HEAVY INDUSTRY S | CUSIP: Y1293Y102<br>LEI: 529900QZ3EMAU0QKFK85 | Long             | EC               | CORP              | CN        |     26500 | NS      | $32702.95     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd.                                            | BYD CO LTD -A             | CUSIP: Y1023R120<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     20100 | NS      | $280872.86    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NAURA Technology Group Co Ltd.                         | NAURA TECH GR -A          | CUSIP: Y0772M100<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |      3100 | NS      | $203507.46    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tongfu Microelectronics Co Ltd.                        | TONGFU MICROEL-A          | CUSIP: Y6199W100<br>LEI: 655600LP4PHNNE8FAX71 | Long             | EC               | CORP              | CN        |     10500 | NS      | $56605.80     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Jingsheng Mechanical & Electrical Co Ltd.     | ZHEJIANG JINGS-A          | CUSIP: Y9803K108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9000 | NS      | $47296.62     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Giant Network Group Co Ltd.                            | GIANT NETWORK-A           | CUSIP: Y1593Y109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17000 | NS      | $105236.59    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuxi Lead Intelligent Equipment Co Ltd.                | WUXI LEAD INTE-A          | CUSIP: Y9717H100<br>LEI: 836800J7WO9E2EF72B65 | Long             | EC               | CORP              | CN        |      7100 | NS      | $50744.02     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Giant Technology (Huizhou)                     | VICTORY GIANT -A          | CUSIP: Y9367N100<br>LEI: 836800LBU3EF5U7ECE87 | Long             | EC               | CORP              | CN        |      2400 | NS      | $98696.14     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Eoptolink Technology Inc Ltd                           | EOPTOLINK TECH-A          | CUSIP: Y2303H105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3900 | NS      | $240298.58    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 Security Technology Inc.                           | 360 SECURITY TECHNOLOGY I | CUSIP: Y444T7106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     45300 | NS      | $72357.18     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovacs Robotics Co Ltd.                               | ECOVACS ROBOTI-A          | CUSIP: Y2234K102<br>LEI: 836800LJ92X4OLLS2612 | Long             | EC               | CORP              | CN        |      1200 | NS      | $13844.50     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangtze Optical Fibre & Cable Joint Stock Ltd Co.      | YANGTZE OPTICA-A          | CUSIP: Y9737F118<br>LEI: 836800VT7MZILX431W47 | Long             | EC               | CORP              | CN        |       600 | NS      | $9983.56      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Putailai New Energy Technology Group Co. Ltd. | SHANGHAI PUTAILA          | CUSIP: Y7T892106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6300 | NS      | $24630.28     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongji Innolight Co Ltd.                              | ZHONGJI INNOLI-A          | CUSIP: Y7685V101<br>LEI: 655600K7YZDKAI214O83 | Long             | EC               | CORP              | CN        |      7000 | NS      | $610601.88    | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Shennan Circuits Co Ltd.                               | SHENNAN CIRCUI-A          | CUSIP: Y774D3102<br>LEI: 300300VRJEDEV10SPJ55 | Long             | EC               | CORP              | CN        |      1600 | NS      | $53147.25     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Huizhou Desay SV Automotive Co Ltd.                    | HUIZHOU DESAY -A          | CUSIP: Y374EM108<br>LEI: 655600CCT6YFPT86LA32 | Long             | EC               | CORP              | CN        |      1400 | NS      | $24083.74     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp.                                           | XIAOMI CORP-W             | CUSIP: G9830T106<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |    146000 | NS      | $737248.67    | 5.27%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Foxconn Industrial Internet Co Ltd.                    | FOXCONN INDUST-A          | CUSIP: Y2620V100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13600 | NS      | $120673.24    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan LLC                                            | MEITUAN-W                 | CUSIP: G59669104<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     45600 | NS      | $605248.55    | 4.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Innovent Biologics Inc.                                | INNOVENT BIOLOGI          | CUSIP: G4818G101<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | KY        |     13000 | NS      | $127365.50    | 0.91%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co Ltd.       | SHENZHEN MINDR-A          | CUSIP: Y774E3101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10600 | NS      | $288680.27    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.                | CONTEMPORARY A-A          | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     16700 | NS      | $877041.94    | 6.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GigaDevice Semiconductor Inc.                          | GIGADEVICE SEM-A          | CUSIP: Y270BL103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5000 | NS      | $153186.71    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd.                                    | WUXI APPTEC CO-A          | CUSIP: Y971B1100<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |      7500 | NS      | $97210.11     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Leapmotor Technology Co Ltd.                  | ZHEJIANG LEAPM-H          | CUSIP: Y989TP100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4600 | NS      | $28737.00     | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                             | BABA-W                    | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     70300 | NS      | $1289888.37   | 9.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Fabrication Equipment Inc.              | ADVANCED MICRO-A          | CUSIP: Y001DM108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1200 | NS      | $46798.13     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Technology Co Ltd                              | MONTAGE TECHNO-A          | CUSIP: Y6S3M5108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7600 | NS      | $128023.34    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniVision Integrated Circuits Group Inc.              | WILL SEMICONDU-A          | CUSIP: Y9584K103<br>LEI: 8368000MFHXX01GPND38 | Long             | EC               | CORP              | CN        |      6200 | NS      | $111621.46    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Avary Holding (Shenzhen) Co Ltd.                       | AVARY HOLDING -A          | CUSIP: Y0R9JY100<br>LEI: 30030067AGXAJK5FRS12 | Long             | EC               | CORP              | CN        |      4000 | NS      | $28931.38     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                            | JD.COM INC-CL A           | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     12650 | NS      | $181394.17    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuzhou Rockchip Electronics Co Ltd.                    | ROCKCHIP ELEC-A           | CUSIP: Y267F4103<br>LEI: 8368002HC3QUMAKOPK03 | Long             | EC               | CORP              | CN        |      1100 | NS      | $28043.07     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzhou Tfc Optical Commun Co Ltd                       | SUZHOU TFC OPT-A          | CUSIP: Y831BY104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1500 | NS      | $43549.36     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuxi Biologics (Cayman) Inc.                           | WUXI BIOLOGICS C          | CUSIP: G97008117<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | KY        |     12000 | NS      | $48476.63     | 0.35%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bilibili Inc.                                          | BILIBILI INC-Z            | CUSIP: G1098A101<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | KY        |      1980 | NS      | $49075.64     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Akeso Inc.                                             | AKESO INC                 | CUSIP: G0146B103<br>LEI: 254900ECWYGR3QW5GF30 | Long             | EC               | CORP              | KY        |      6000 | NS      | $87116.07     | 0.62%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NetEase Inc.                                           | NETEASE INC               | CUSIP: G6427A102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     14800 | NS      | $408093.83    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ACM Research (Shanghai) Inc.                           | ACM RESEARCH S-A          | CUSIP: Y002HF107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       600 | NS      | $15104.89     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSilicon Microelectronics (Shanghai) Co Ltd.        | VERISILICON MICR          | CUSIP: Y92782104<br>LEI: 836800TNWRM7QRXH6S33 | Long             | EC               | CORP              | CN        |      2200 | NS      | $43090.19     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                                  | TENCENT                   | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     18500 | NS      | $1423859.52   | 10.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Hangzhou Chang Chuan Technology Co                     | HANGZHOU CHANG-A          | CUSIP: Y3032N108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2900 | NS      | $42012.70     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc.                                           | LI AUTO INC-A             | CUSIP: G5479M105<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |      8100 | NS      | $67493.76     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Wantai Biological Pharmacy Enterprise Co Ltd.  | BEIJING WANTAI-A          | CUSIP: Y077CK103<br>LEI: 300300280PS0QGBZBS92 | Long             | EC               | CORP              | CN        |      8700 | NS      | $55909.11     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai United Imaging Healthcare Co Ltd.             | SHANGHAI UNITE-A          | CUSIP: Y7693L103<br>LEI: 300300YFLW1ZZPRAZ467 | Long             | EC               | CORP              | CN        |      2200 | NS      | $39481.77     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pop Mart International Group Limited                   | POP MART INTERNA          | CUSIP: G7170M103<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | KY        |      2400 | NS      | $57882.08     | 0.41%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Piotech Inc                                            | PIOTECH INC-A             | CUSIP: Y6S9PP108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       800 | NS      | $37751.50     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambricon Technologies Corp Ltd                        | CAMBRICON TECHNO          | CUSIP: Y10823105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1600 | NS      | $310145.72    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Empyrean Technology Co Ltd.                            | EMPYREAN TECHN-A          | CUSIP: Y228E9105<br>LEI: 836800HWPKNLN46F0U75 | Long             | EC               | CORP              | CN        |      1000 | NS      | $15204.99     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Kingsoft Office Software Inc                   | BEIJING KINGSO-A          | CUSIP: Y0R9YP102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1400 | NS      | $61474.60     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd.                | JIANGSU HENGRUI MEDICINE  | CUSIP: Y4446S105<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |     28800 | NS      | $245329.83    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Haier Smart Home Co Ltd.                               | HAIER SMART H-A           | CUSIP: Y7166P102<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |     12500 | NS      | $46635.25     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Fosun Pharmaceutical Group Co Ltd.            | SHANGHAI FOSUN-A          | CUSIP: Y7687D117<br>LEI: 300300DMUYLW3FP1OT73 | Long             | EC               | CORP              | CN        |      8100 | NS      | $30682.96     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Electric Holding Group Co., Ltd.              | SHANGHAI ELECT-A          | CUSIP: Y76824112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     31000 | NS      | $38167.62     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nari Technology Co Ltd.                                | NARI TECHNOLOG-A          | CUSIP: Y6S99Q112<br>LEI: 3003006IGH1W58MAQM05 | Long             | EC               | CORP              | CN        |     19600 | NS      | $63006.11     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Yutong Bus Co Ltd.                                     | ZHENGZHOU YUT-A           | CUSIP: Y98913109<br>LEI: 300300OMPRVW0Q75F037 | Long             | EC               | CORP              | CN        |     15300 | NS      | $71543.38     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hundsun Technologies Inc.                              | HUNDSUN TECHN-A           | CUSIP: Y3041V109<br>LEI: 3003003LS77D1DRDDE25 | Long             | EC               | CORP              | CN        |      9200 | NS      | $39664.81     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Shengyi Technology Co Ltd.                             | SHENGYI TECH C-A          | CUSIP: Y20965102<br>LEI: N/A                  | Long             | EC               | NUSS              | CN        |     22200 | NS      | $226695.17    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengli Hydraulic Co Ltd.                       | JIANGSU HENGLI-A          | CUSIP: Y443AC115<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3100 | NS      | $48722.45     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc.                                             | XPENG INC-A SHRS          | CUSIP: G982AW100<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | KY        |     12200 | NS      | $124387.10    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ningbo Deye Technology Co. Ltd.                        | NINGBO DEYE TE-A          | CUSIP: Y6368K101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2300 | NS      | $28350.80     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Microelectronics Ltd                   | CHINA RESOURCE-A          | CUSIP: Y1R0E0106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11800 | NS      | $89194.78     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensetime Group Inc                                    | SENSETIME-W               | CUSIP: G8062L104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    188000 | NS      | $53143.37     | 0.38%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NIO Inc.                                               | NIO INC-CLASS A           | CUSIP: G6525F102<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | KY        |     10440 | NS      | $54945.11     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sichuan Kelun Biotech Biopharmaceutical Co Ltd.        | SICHUAN KELUN-H           | CUSIP: Y793HA102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       300 | NS      | $15118.11     | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Remegen Company Limited                                | REMEGEN CO LTD-A          | CUSIP: Y7S9CK119<br>LEI: 300300M9HCX4TFAD4I10 | Long             | EC               | CORP              | CN        |      1800 | NS      | $20022.88     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hua Hong Semiconductor Ltd.                            | HUA HONG SEMICONDUCTOR LT | CUSIP: Y372A7109<br>LEI: 529900OXH3ZYLIMGB907 | Long             | EC               | CORP              | HK        |      5000 | NS      | $47733.95     | 0.34%             |  |  |  | Yes           |                  1 | On Loan: No      |
| LONGi Green Energy Technology Co Ltd.                  | LONGI GREEN ENERGY TECHNO | CUSIP: Y9727F102<br>LEI: 300300NRGAITUP1EZ248 | Long             | EC               | CORP              | CN        |     25600 | NS      | $66625.67     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Robotics Inc                                   | HORIZON ROBOTICS          | CUSIP: G4602S105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     55200 | NS      | $61422.23     | 0.44%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Huaqin Technology Co Ltd.                              | HUAQIN TECHNOL-A          | CUSIP: Y374K6106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1600 | NS      | $20761.04     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| 3SBio Inc                                              | 3SBIO INC                 | CUSIP: G8875G102<br>LEI: 529900P0TQC1E9Y7FN31 | Long             | EC               | CORP              | KY        |     12500 | NS      | $38836.04     | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Ningbo Tuopu Group Co., Ltd.                           | NINGBO TUOPU G-A          | CUSIP: Y62990109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2300 | NS      | $25384.16     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Seres Group Co Ltd.                                    | SERES GROUP CO-A          | CUSIP: Y1586E102<br>LEI: 3003002LTJSDNVNIPU58 | Long             | EC               | CORP              | CN        |      2300 | NS      | $39783.21     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Kinwong Electronic Co., Ltd.                  | SHENZHEN KINWO-A          | CUSIP: Y774BX108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2300 | NS      | $24038.98     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SOL CNAMC N-CW26                                       | SOL CNAMC N-CW26          | CUSIP: 319344985<br>LEI: N/A                  | Long             | DO               |  | SG        |         5 | NS      | $10765.15     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Rayliant Funds Trust

**Signature:** /s/ David B. Scott

**Name of Signer:** David B. Scott

**Title:** Principal Financial Officer