Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PHO	Invesco Water Resources ETF	221,600	$11.42M	8.5%	$38.63	—	—	46137V142
FIW	First Trust Water ETF	143,900	$11.42M	8.5%	$59.94	—	—	33733B100
CGW	Invesco S&P Global Water Index	215,800	$10.06M	7.5%	$55.84	—	—	46138E263
EZU	iShares MSCI Eurozone ETF	192,100	$7.583M	5.7%	$39.47	—	—	464286608
EWA	iShares MSCI Australia ETF	332,600	$7.393M	5.5%	$20.68	—	—	464286103
EWC	iShares MSCI Canada ETF	224,100	$7.334M	5.5%	$32.75	—	—	464286509
VWO	Vanguard FTSE Emerging Markets	139,700	$5.445M	4.1%	$38.98	—	—	922042858
VPU	Vanguard Utilities ETF	30,400	$4.662M	3.5%	$140.04	—	—	92204A876
OEF	iShares S&P 100 ETF	27,000	$4.605M	3.4%	$162.68	—	—	464287101
SCHV	Schwab U.S. Large-Cap Value ET	69,500	$4.588M	3.4%	$58.51	—	—	808524409
VDE	Vanguard Energy ETF	37,800	$4.584M	3.4%	$99.85	—	—	92204A306
VIS	Vanguard Industrials ETF	24,800	$4.529M	3.4%	$182.62	—	—	92204A603
IVE	iShares S&P 500 Value ETF	31,200	$4.526M	3.4%	$128.51	—	—	464287408
EZA	iShares MSCI South Africa ETF	97,000	$4.113M	3.1%	$44.36	—	—	464286780
INDA	iShares MSCI India ETF	98,100	$4.094M	3.1%	$41.73	—	—	46429B598
GRAB	Grab Holdings Ltd	271,400	$873K	0.7%	$3.00	-4.3%	—	G4124C109
TMHC	Taylor Morrison Home Corp	28,500	$864K	0.6%	$25.97	+7.3%	—	87724P106
QDEL	QuidelOrtho Corp	9,900	$848K	0.6%	$84.70	0.0%	—	219798105
CLF	Cleveland-Cliffs Inc	52,700	$848K	0.6%	$20.76	-27.5%	—	185899101
PVH	PVH Corp	11,900	$840K	0.6%	$86.37	-31.4%	—	693656100
—	United States Steel Corp	33,500	$839K	0.6%	$22.19	—	—	912909108
—	Syneos Health Inc	22,700	$832K	0.6%	$36.65	—	—	87166B102
ACI	Albertsons Cos Inc	39,200	$813K	0.6%	$18.83	0.0%	—	013091103
AIG	American International Group I	12,800	$809K	0.6%	$53.46	+1.4%	—	026874784
TWLO	Twilio Inc	15,900	$778K	0.6%	$56.91	0.0%	—	90138F102
RIG	Transocean Ltd	167,800	$765K	0.6%	$3.86	0.0%	—	H8817H100
BLDR	Builders FirstSource Inc	11,800	$765K	0.6%	$61.32	+1.8%	—	12008R107
NRG	NRG Energy Inc	23,900	$760K	0.6%	$36.49	0.0%	—	629377508
VTRS	Viatris Inc	67,700	$753K	0.6%	$8.43	+7.4%	—	92556V106
BHF	Brighthouse Financial Inc	14,700	$753K	0.6%	$48.26	+8.3%	—	10922N103
M	Macy's Inc	35,600	$735K	0.5%	$23.45	-12.7%	—	55616P104
STLA	Stellantis NV	51,100	$725K	0.5%	$16.27	—	—	N82405106
AER	AerCap Holdings NV	12,100	$705K	0.5%	$56.23	-3.3%	—	N00985106
SYNA	Synaptics Inc	7,300	$694K	0.5%	$96.11	0.0%	—	87157D109
C	Citigroup Inc	15,300	$692K	0.5%	$40.56	0.0%	—	172967424
EQH	Equitable Holdings Inc	24,100	$691K	0.5%	$27.35	0.0%	—	29452E101
AA	Alcoa Corp	15,100	$686K	0.5%	$44.87	-6.5%	—	013872106
TREX	Trex Co Inc	16,200	$685K	0.5%	$52.65	-13.8%	—	89531P105
—	Mr Cooper Group Inc	17,000	$682K	0.5%	$45.67	—	—	62482R107
DXC	DXC Technology Co	25,700	$681K	0.5%	$27.49	+1.2%	—	23355L106
CLVT	Clarivate PLC	81,400	$678K	0.5%	$14.48	-35.2%	—	G21810109
COF	Capital One Financial Corp	7,200	$669K	0.5%	$137.41	-32.3%	—	14040H105
SYF	Synchrony Financial	20,300	$667K	0.5%	$38.19	-16.5%	—	87165B103
MOS	Mosaic Co/The	14,700	$644K	0.5%	$46.78	-3.1%	—	61945C103
—	PDC Energy Inc	10,100	$641K	0.5%	$63.47	—	—	69327R101
RIVN	Rivian Automotive Inc	34,700	$639K	0.5%	$29.44	0.0%	—	76954A103
GM	General Motors Co	18,900	$635K	0.5%	$35.76	0.0%	—	37045V100
COHR	Coherent Corp	17,900	$628K	0.5%	$46.79	-25.7%	—	19247G107
OMF	OneMain Holdings Inc	18,800	$626K	0.5%	$42.08	-15.7%	—	68268W103
DAR	Darling Ingredients Inc	10,000	$625K	0.5%	$70.52	0.0%	—	237266101
ONON	On Holding AG	36,400	$624K	0.5%	$19.86	-11.9%	—	H5919C104
WDC	Western Digital Corp	19,700	$621K	0.5%	$31.48	-16.5%	—	958102105
PBF	PBF Energy Inc	14,900	$607K	0.5%	$31.68	+31.2%	—	69318G106
STNE	StoneCo Ltd	64,200	$606K	0.5%	$16.46	—	—	G85158106
LNTH	Lantheus Holdings Inc	11,900	$606K	0.5%	$61.70	0.0%	—	516544103
—	DISH Network Corp	43,200	$606K	0.5%	$26.92	—	—	25470M109
ALLY	Ally Financial Inc	24,800	$606K	0.5%	$38.57	-38.7%	—	02005N100
ZS	Zscaler Inc	5,400	$604K	0.5%	$135.86	0.0%	—	98980G102
CCL	Carnival Corp	74,800	$602K	0.4%	$8.62	0.0%	—	143658300
MU	Micron Technology Inc	12,000	$599K	0.4%	$80.19	-32.9%	—	595112103
ABNB	Airbnb Inc	7,000	$598K	0.4%	$101.00	0.0%	—	009066101
CF	CF Industries Holdings Inc	7,000	$596K	0.4%	$94.52	0.0%	—	125269100
—	Ginkgo Bioworks Holdings Inc	351,700	$594K	0.4%	$1.69	—	—	37611X100
—	Callon Petroleum Co	16,000	$593K	0.4%	$55.72	—	—	13123X508
LUMN	Lumen Technologies Inc	112,400	$586K	0.4%	$6.15	0.0%	—	550241103
SM	SM Energy Co	16,700	$581K	0.4%	$38.51	0.0%	—	78454L100
JBLU	JetBlue Airways Corp	88,700	$574K	0.4%	$13.51	-45.9%	—	477143101
RUN	Sunrun Inc	23,300	$559K	0.4%	$26.69	0.0%	—	86771W105
TDOC	Teladoc Health Inc	22,700	$536K	0.4%	$40.65	-33.7%	—	87918A105
GTLS	Chart Industries Inc	4,400	$507K	0.4%	$160.62	0.0%	—	16115Q308
AFRM	Affirm Holdings Inc	48,900	$472K	0.4%	$21.62	-30.3%	—	00827B106
—	VanEck Russia ETF	230,500	$2,000	0.0%	$26.66	—	—	92189F403