Global Endowment Management’s Morgan Stanley China A Share Fund CAF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-86,500	Closed	-$1.92M	–	113
2020 Q4	$1.92M	Hold	86,500	–	–	0.13%	59
2020 Q3	$1.83M	Hold	86,500	–	–	0.14%	49
2020 Q2	$1.69M	Buy	86,500 +36,500	+73%	+$683K	0.13%	40
2020 Q1	$906K	Buy	50,000 +10,000	+25%	+$200K	0.08%	54
2019 Q4	$869K	Hold	40,000	–	–	0.06%	61
2019 Q3	$818K	Hold	40,000	–	–	0.07%	54
2019 Q2	$870K	Hold	40,000	–	–	0.08%	73
2019 Q1	$934K	Hold	40,000	–	–	0.13%	106
2018 Q4	$730K	Hold	40,000	–	–	0.16%	70
2018 Q3	$860K	Hold	40,000	–	–	0.11%	109
2018 Q2	$923K	Hold	40,000	–	–	0.12%	107
2018 Q1	$996K	Hold	40,000	–	–	0.14%	107
2017 Q4	$935K	Hold	40,000	–	–	0.14%	99
2017 Q3	$954K	Hold	40,000	–	–	0.13%	120
2017 Q2	$895K	Hold	40,000	–	–	0.12%	118
2017 Q1	$769K	Hold	40,000	–	–	0.11%	120
2016 Q4	$680K	Hold	40,000	–	–	0.11%	121
2016 Q3	$748K	Hold	40,000	–	–	0.12%	108
2016 Q2	$714K	Hold	40,000	–	–	0.15%	88
2016 Q1	$677K	Hold	40,000	–	–	0.14%	90
2015 Q4	$796K	Sell	40,000 -110,000	-73%	-$2.79M	0.15%	91
2015 Q3	$3.37M	Buy	150,000 +110,000	+275%	+$2.99M	0.5%	39
2015 Q2	$1.36M	Buy	+40,000	New	+$1.41M	0.19%	138