MORGAN STANLEY CHINA A SH FD

CUSIP: 617468103 Class: CEF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

Marex Group plc

Value ($000) $694 Shares 40,000

NATIONAL BANK OF CANADA /FI/

Value ($000) $9 Shares 500

JPMORGAN CHASE & CO

Value ($000) $4 Shares 248

Institution	Shares	Value ($000)
Marex Group plc	40,000	$694
NATIONAL BANK OF CANADA /FI/	500	$9
JPMORGAN CHASE & CO	248	$4

Increased Positions (9)

Saba Capital Management, L.P.

Value ($000) $11,023 (+140.7%) Shares 634,953 (+130.9%)

CSS LLC/IL

Value ($000) $694 (+46.9%) Shares 39,965 (+40.9%)

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

Value ($000) $13,123 (+16.3%) Shares 755,912 (+11.5%)

LAZARD ASSET MANAGEMENT LLC

Value ($000) $41,143 (+7.3%) Shares 2,369,996 (+2.9%)

ROYAL BANK OF CANADA

Value ($000) $430 (+80.7%) Shares 24,802 (+73.9%)

Cresset Asset Management, LLC

Value ($000) $417 (+8.5%) Shares 24,004 (+4.0%)

WELLS FARGO & COMPANY/MN

Value ($000) $50 (+13.1%) Shares 2,868 (+8.5%)

COHEN & STEERS, INC.

Value ($000) $1 (+74.7%) Shares 62,000 (+67.6%)

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

Value ($000) $3 (+5.9%) Shares 157 (+1.3%)

Institution	Prev Shares	Curr Shares	Change
Saba Capital Management, L.P.	275,011	634,953	+359,942 (+130.9%)
CSS LLC/IL	28,374	39,965	+11,591 (+40.9%)
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	677,968	755,912	+77,944 (+11.5%)
LAZARD ASSET MANAGEMENT LLC	2,303,525	2,369,996	+66,471 (+2.9%)
ROYAL BANK OF CANADA	14,259	24,802	+10,543 (+73.9%)
Cresset Asset Management, LLC	23,071	24,004	+933 (+4.0%)
WELLS FARGO & COMPANY/MN	2,644	2,868	+224 (+8.5%)
COHEN & STEERS, INC.	37,000	62,000	+25,000 (+67.6%)
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	155	157	+2 (+1.3%)

Decreased Positions (10)

Quantedge Capital Pte Ltd

Value ($000) $210 (-61.5%) Shares 12,070 (-63.0%)

1607 Capital Partners, LLC

Value ($000) $11,267 (+0.7%) Shares 649,010 (-3.4%)

Karpus Management, Inc.

Value ($000) $9,665 (-4.3%) Shares 556,731 (-8.2%)

Allspring Global Investments Holdings, LLC

Value ($000) $29,078 (-8.3%) Shares 1,675,019 (-12.0%)

MORGAN STANLEY

Value ($000) $485 (-48.4%) Shares 27,935 (-50.5%)

Shaker Financial Services, LLC

Value ($000) $632 (+3.1%) Shares 36,430 (-1.1%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $227 (-19.1%) Shares 13,081 (-22.4%)

Dakota Wealth Management

Value ($000) $311 (-6.0%) Shares 17,904 (-9.9%)

UBS Group AG

Value ($000) $28 (-54.2%) Shares 1,611 (-56.1%)

PNC Financial Services Group, Inc.

Value ($000) $132 (-5.4%) Shares 7,616 (-9.3%)

Institution	Prev Shares	Curr Shares	Change
Quantedge Capital Pte Ltd	32,662	12,070	-20,592 (-63.0%)
1607 Capital Partners, LLC	671,897	649,010	-22,887 (-3.4%)
Karpus Management, Inc.	606,287	556,731	-49,556 (-8.2%)
Allspring Global Investments Holdings, LLC	1,903,827	1,675,019	-228,808 (-12.0%)
MORGAN STANLEY	56,481	27,935	-28,546 (-50.5%)
Shaker Financial Services, LLC	36,845	36,430	-415 (-1.1%)
RAYMOND JAMES FINANCIAL INC	16,862	13,081	-3,781 (-22.4%)
Dakota Wealth Management	19,864	17,904	-1,960 (-9.9%)
UBS Group AG	3,667	1,611	-2,056 (-56.1%)
PNC Financial Services Group, Inc.	8,396	7,616	-780 (-9.3%)

Exited Positions (4)

Oasis Management Co Ltd.

Value ($000) $943 Shares 56,666

Acuitas Investments, LLC

Value ($000) $81 Shares 4,868

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $233 Shares 13,966

MATHER GROUP, LLC.

Value ($000) $3 Shares 175

Institution	Prev Shares	Prev Value ($000)
Oasis Management Co Ltd.	56,666	$943
Acuitas Investments, LLC	4,868	$81
SUSQUEHANNA INTERNATIONAL GROUP, LLP	13,966	$233
MATHER GROUP, LLC.	175	$3