ZTO EXPRESS CAYMAN INC

Ticker: ZTO CUSIP: 98980A105 Class: Foreign Stock

THORNBURG INVESTMENT MANAGEMENT INC's Holding History (CIK: 0001145020)

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

Q2 2017

Shares 1,661,506 Value ($000) $23,195 Avg Close — Range —

Q1 2017

Shares 2,799,067 Value ($000) $36,640 Avg Close — Range —

Q4 2016

Shares 4,629,803 Value ($000) $55,882 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	1,661,506	$23,195	—	—
Q1 2017	2,799,067	$36,640	—	—
Q4 2016	4,629,803	$55,882	—	—