Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWC	iShares MSCI Canada ETF	296,600	$17.1M	2.1%	$57.64	—	—	464286509
EWA	iShares MSCI Australia ETF	592,900	$16.7M	2.1%	$28.16	—	—	464286103
VIS	Vanguard Industrials ETF	29,500	$10.63M	1.3%	$360.37	—	—	92204A603
EWZ	iShares MSCI Brazil ETF	271,200	$9.356M	1.2%	$34.50	—	—	464286400
DVA	DaVita Inc	9,300	$2.069M	0.3%	$222.47	—	—	23918K108
OSK	Oshkosh Corp	13,100	$2.01M	0.2%	$153.44	—	—	688239201
DHI	DR Horton Inc	12,300	$2.003M	0.2%	$162.85	—	—	23331A109
THC	Tenet Healthcare Corp	10,700	$2.001M	0.2%	$187.01	—	—	88033G407
EG	Everest Group Ltd	5,600	$2M	0.2%	$357.14	—	—	G3223R108
CIEN	Ciena Corp	4,000	$1.962M	0.2%	$490.50	—	—	171779309
SAIL	SailPoint Inc	133,100	$1.948M	0.2%	$14.64	—	—	78781J109
EXPE	Expedia Group Inc	7,600	$1.944M	0.2%	$255.79	—	—	30212P303
ICLR	ICON PLC	10,800	$1.876M	0.2%	$173.70	—	—	G4705A100
OKTA	Okta Inc	13,700	$1.869M	0.2%	$136.42	—	—	679295105
SITM	SiTime Corp	2,500	$1.863M	0.2%	$745.20	—	—	82982T106
VG	Venture Global Inc	164,400	$1.829M	0.2%	$11.13	—	—	92333F101
APA	APA Corp	54,700	$1.781M	0.2%	$32.56	—	—	03743Q108
CHTR	Charter Communications Inc	12,500	$1.777M	0.2%	$142.16	—	—	16119P108
CMCSA	Comcast Corp	72,000	$1.767M	0.2%	$24.54	—	—	20030N101
CEG	Constellation Energy Corp	7,100	$1.763M	0.2%	$248.31	—	—	21037T109
NXT	Nextpower Inc	14,800	$1.763M	0.2%	$119.12	—	—	65290E101
OMC	Omnicom Group Inc	24,200	$1.762M	0.2%	$72.81	—	—	681919106
WTW	Willis Towers Watson PLC	6,500	$1.698M	0.2%	$261.23	—	—	G96629103
CVNA	Carvana Co	25,500	$1.678M	0.2%	$65.80	—	—	146869102
GMED	Globus Medical Inc	21,000	$1.659M	0.2%	$79.00	—	—	379577208
KTOS	Kratos Defense & Security Solu	32,100	$1.6M	0.2%	$49.84	—	—	50077B207

Increased Positions (37)

REET iShares Global REIT ETF 15.1%

Value $122M (+14.9%) Shares 4,427,000 (+4.6%) Est. Cost $25.09 Unrealized —

EWJ iShares MSCI Japan ETF 2.1%

Value $17.25M (+13.2%) Shares 184,900 (+2.5%) Est. Cost $81.04 Unrealized —

VWO Vanguard FTSE Emerging Markets 1.5%

Value $12.51M (+17.3%) Shares 209,500 (+6.2%) Est. Cost $54.38 Unrealized —

OEF iShares S&P 100 ETF 1.3%

Value $10.76M (+19.5%) Shares 29,400 (+3.9%) Est. Cost $319.84 Unrealized —

SCHG Schwab U.S. Large-Cap Growth E 1.3%

Value $10.8M (+18.4%) Shares 319,200 (+1.9%) Est. Cost $29.22 Unrealized —

FXI iShares China Large-Cap ETF 1.2%

Value $9.524M (+15.4%) Shares 301,500 (+31.1%) Est. Cost $38.23 Unrealized —

VDE Vanguard Energy ETF 1.3%

Value $10.45M (+9.4%) Shares 69,600 (+26.1%) Est. Cost $168.29 Unrealized —

RBLX ROBLOX Corp 0.3%

Value $2.289M (+50.5%) Shares 42,100 (+56.5%) Est. Cost $65.48 Unrealized —

BLDR Builders FirstSource Inc 0.3%

Value $2.049M (+49.1%) Shares 22,900 (+37.1%) Est. Cost $106.85 Unrealized —

DLTR Dollar Tree Inc 0.2%

Value $1.947M (+44.7%) Shares 16,100 (+30.9%) Est. Cost $126.65 Unrealized —

TOL Toll Brothers Inc 0.3%

Value $2.059M (+39.8%) Shares 12,500 (+15.7%) Est. Cost $151.96 Unrealized —

IREN IREN Ltd 0.2%

Value $1.71M (+41.3%) Shares 37,400 (+5.9%) Est. Cost $48.12 Unrealized —

DECK Deckers Outdoor Corp 0.2%

Value $1.787M (+36.3%) Shares 18,000 (+37.4%) Est. Cost $95.24 Unrealized —

MEDP Medpace Holdings Inc 0.2%

Value $1.8M (+33.9%) Shares 3,400 (+21.4%) Est. Cost $560.90 Unrealized —

PGR Progressive Corp/The 0.2%

Value $1.944M (+29.1%) Shares 8,900 (+17.1%) Est. Cost $208.40 Unrealized —

VST Vistra Corp 0.2%

Value $1.855M (+29.9%) Shares 11,700 (+23.2%) Est. Cost $175.28 Unrealized —

SYF Synchrony Financial 0.2%

Value $1.855M (+29.9%) Shares 24,400 (+16.2%) Est. Cost $76.24 Unrealized —

LEN Lennar Corp 0.2%

Value $1.791M (+28.1%) Shares 19,800 (+23.0%) Est. Cost $109.97 Unrealized —

NEM Newmont Corp 0.2%

Value $1.793M (+22.7%) Shares 19,200 (+42.2%) Est. Cost $110.78 Unrealized —

ACN Accenture PLC 0.1%

Value $1.157M (-22.2%) Shares 9,300 (+24.0%) Est. Cost $228.29 Unrealized —

ZG Zillow Group Inc 0.2%

Value $1.822M (+22.0%) Shares 58,100 (+60.9%) Est. Cost $48.05 Unrealized —

PYPL PayPal Holdings Inc 0.2%

Value $1.645M (+23.3%) Shares 38,100 (+29.2%) Est. Cost $57.97 Unrealized —

DVN Devon Energy Corp 0.2%

Value $1.78M (+20.4%) Shares 43,100 (+46.6%) Est. Cost $36.07 Unrealized —

ALL Allstate Corp/The 0.2%

Value $1.832M (+19.4%) Shares 7,700 (+4.1%) Est. Cost $205.32 Unrealized —

PCG PG&E Corp 0.2%

Value $1.698M (+16.2%) Shares 101,000 (+21.4%) Est. Cost $15.00 Unrealized —

MOS Mosaic Co/The 0.2%

Value $1.657M (+16.5%) Shares 78,200 (+40.1%) Est. Cost $27.17 Unrealized —

CTSH Cognizant Technology Solutions 0.2%

Value $1.731M (+15.2%) Shares 44,700 (+82.4%) Est. Cost $59.59 Unrealized —

CDE Coeur Mining Inc 0.2%

Value $1.863M (+13.5%) Shares 114,200 (+30.5%) Est. Cost $20.92 Unrealized —

NRG NRG Energy Inc 0.2%

Value $1.825M (+13.6%) Shares 12,500 (+13.6%) Est. Cost $156.99 Unrealized —

APTV Aptiv PLC 0.2%

Value $1.589M (+15.6%) Shares 25,900 (+30.8%) Est. Cost $75.82 Unrealized —

OXY Occidental Petroleum Corp 0.2%

Value $1.544M (-12.0%) Shares 31,800 (+17.8%) Est. Cost $42.60 Unrealized —

ADM Archer-Daniels-Midland Co 0.2%

Value $1.78M (+12.4%) Shares 23,300 (+6.9%) Est. Cost $60.57 Unrealized —

AU Anglogold Ashanti Plc 0.2%

Value $1.698M (+12.5%) Shares 21,000 (+35.5%) Est. Cost $52.10 Unrealized —

STLA Stellantis NV 0.2%

Value $1.847M (+11.1%) Shares 321,800 (+37.2%) Est. Cost $6.72 Unrealized —

EQT EQT Corp 0.2%

Value $1.584M (+3.3%) Shares 29,800 (+23.7%) Est. Cost $54.87 Unrealized —

SYM Symbotic Inc 0.2%

Value $1.573M (-1.4%) Shares 35,000 (+16.7%) Est. Cost $58.44 Unrealized —

EXE Expand Energy Corp 0.2%

Value $1.632M (+1.2%) Shares 17,900 (+21.8%) Est. Cost $103.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
REET	iShares Global REIT ETF	4,427,000 (+4.6%)	$122M (+14.9%)	15.1%	$25.09	—	—	46434V647
EWJ	iShares MSCI Japan ETF	184,900 (+2.5%)	$17.25M (+13.2%)	2.1%	$81.04	—	—	46434G822
VWO	Vanguard FTSE Emerging Markets	209,500 (+6.2%)	$12.51M (+17.3%)	1.5%	$54.38	—	—	922042858
OEF	iShares S&P 100 ETF	29,400 (+3.9%)	$10.76M (+19.5%)	1.3%	$319.84	—	—	464287101
SCHG	Schwab U.S. Large-Cap Growth E	319,200 (+1.9%)	$10.8M (+18.4%)	1.3%	$29.22	—	—	808524300
FXI	iShares China Large-Cap ETF	301,500 (+31.1%)	$9.524M (+15.4%)	1.2%	$38.23	—	—	464287184
VDE	Vanguard Energy ETF	69,600 (+26.1%)	$10.45M (+9.4%)	1.3%	$168.29	—	—	92204A306
RBLX	ROBLOX Corp	42,100 (+56.5%)	$2.289M (+50.5%)	0.3%	$65.48	—	—	771049103
BLDR	Builders FirstSource Inc	22,900 (+37.1%)	$2.049M (+49.1%)	0.3%	$106.85	—	—	12008R107
DLTR	Dollar Tree Inc	16,100 (+30.9%)	$1.947M (+44.7%)	0.2%	$126.65	—	—	256746108
TOL	Toll Brothers Inc	12,500 (+15.7%)	$2.059M (+39.8%)	0.3%	$151.96	—	—	889478103
IREN	IREN Ltd	37,400 (+5.9%)	$1.71M (+41.3%)	0.2%	$48.12	—	—	Q4982L109
DECK	Deckers Outdoor Corp	18,000 (+37.4%)	$1.787M (+36.3%)	0.2%	$95.24	—	—	243537107
MEDP	Medpace Holdings Inc	3,400 (+21.4%)	$1.8M (+33.9%)	0.2%	$560.90	—	—	58506Q109
PGR	Progressive Corp/The	8,900 (+17.1%)	$1.944M (+29.1%)	0.2%	$208.40	—	—	743315103
VST	Vistra Corp	11,700 (+23.2%)	$1.855M (+29.9%)	0.2%	$175.28	—	—	92840M102
SYF	Synchrony Financial	24,400 (+16.2%)	$1.855M (+29.9%)	0.2%	$76.24	—	—	87165B103
LEN	Lennar Corp	19,800 (+23.0%)	$1.791M (+28.1%)	0.2%	$109.97	—	—	526057104
NEM	Newmont Corp	19,200 (+42.2%)	$1.793M (+22.7%)	0.2%	$110.78	—	—	651639106
ACN	Accenture PLC	9,300 (+24.0%)	$1.157M (-22.2%)	0.1%	$228.29	—	—	G1151C101
ZG	Zillow Group Inc	58,100 (+60.9%)	$1.822M (+22.0%)	0.2%	$48.05	—	—	98954M101
PYPL	PayPal Holdings Inc	38,100 (+29.2%)	$1.645M (+23.3%)	0.2%	$57.97	—	—	70450Y103
DVN	Devon Energy Corp	43,100 (+46.6%)	$1.78M (+20.4%)	0.2%	$36.07	—	—	25179M103
ALL	Allstate Corp/The	7,700 (+4.1%)	$1.832M (+19.4%)	0.2%	$205.32	—	—	020002101
PCG	PG&E Corp	101,000 (+21.4%)	$1.698M (+16.2%)	0.2%	$15.00	—	—	69331C108
MOS	Mosaic Co/The	78,200 (+40.1%)	$1.657M (+16.5%)	0.2%	$27.17	—	—	61945C103
CTSH	Cognizant Technology Solutions	44,700 (+82.4%)	$1.731M (+15.2%)	0.2%	$59.59	—	—	192446102
CDE	Coeur Mining Inc	114,200 (+30.5%)	$1.863M (+13.5%)	0.2%	$20.92	—	—	192108504
NRG	NRG Energy Inc	12,500 (+13.6%)	$1.825M (+13.6%)	0.2%	$156.99	—	—	629377508
APTV	Aptiv PLC	25,900 (+30.8%)	$1.589M (+15.6%)	0.2%	$75.82	—	—	G3265R107
OXY	Occidental Petroleum Corp	31,800 (+17.8%)	$1.544M (-12.0%)	0.2%	$42.60	—	—	674599105
ADM	Archer-Daniels-Midland Co	23,300 (+6.9%)	$1.78M (+12.4%)	0.2%	$60.57	—	—	039483102
AU	Anglogold Ashanti Plc	21,000 (+35.5%)	$1.698M (+12.5%)	0.2%	$52.10	—	—	G0378L100
STLA	Stellantis NV	321,800 (+37.2%)	$1.847M (+11.1%)	0.2%	$6.72	—	—	N82405106
EQT	EQT Corp	29,800 (+23.7%)	$1.584M (+3.3%)	0.2%	$54.87	—	—	26884L109
SYM	Symbotic Inc	35,000 (+16.7%)	$1.573M (-1.4%)	0.2%	$58.44	—	—	87151X101
EXE	Expand Energy Corp	17,900 (+21.8%)	$1.632M (+1.2%)	0.2%	$103.18	—	—	165167735

Exited Positions (28)

EWL iShares MSCI Switzerland ETF 1.9%

Value $15.21M Shares 258,700 Est. Cost $58.81 Unrealized —

EZU iShares MSCI Eurozone ETF 1.8%

Value $14.7M Shares 234,700 Est. Cost $62.64 Unrealized —

PHO Invesco Water Resources ETF 1.3%

Value $10.28M Shares 153,700 Est. Cost $38.63 Unrealized —

XLK State Street Technology Select 1.1%

Value $8.97M Shares 67,500 Est. Cost $132.89 Unrealized —

INDA iShares MSCI India ETF 1.0%

Value $7.948M Shares 169,700 Est. Cost $54.16 Unrealized —

HAL Halliburton Co 0.2%

Value $1.715M Shares 44,000 Est. Cost $33.54 Unrealized —

DAL Delta Air Lines Inc 0.2%

Value $1.602M Shares 24,100 Est. Cost $58.63 Unrealized —

ES Eversource Energy 0.2%

Value $1.544M Shares 22,300 Est. Cost $70.10 Unrealized —

GNRC Generac Holdings Inc 0.2%

Value $1.543M Shares 7,900 Est. Cost $183.13 Unrealized —

CHWY Chewy Inc 0.2%

Value $1.541M Shares 57,100 Est. Cost $33.68 Unrealized —

KHC Kraft Heinz Co/The 0.2%

Value $1.529M Shares 68,000 Est. Cost $26.11 Unrealized —

DD DuPont de Nemours Inc 0.2%

Value $1.529M Shares 33,400 Est. Cost $37.39 Unrealized —

SF Stifel Financial Corp 0.2%

Value $1.522M Shares 20,600 Est. Cost $125.46 Unrealized —

CI Cigna Group/The 0.2%

Value $1.52M Shares 5,700 Est. Cost $279.23 Unrealized —

F Ford Motor Co 0.2%

Value $1.492M Shares 129,300 Est. Cost $13.04 Unrealized —

CNH CNH Industrial NV 0.2%

Value $1.491M Shares 135,600 Est. Cost $11.89 Unrealized —

JBHT JB Hunt Transport Services Inc 0.2%

Value $1.44M Shares 6,800 Est. Cost $213.95 Unrealized —

SWK Stanley Black & Decker Inc 0.2%

Value $1.435M Shares 20,200 Est. Cost $69.90 Unrealized —

CSL Carlisle Cos Inc 0.2%

Value $1.367M Shares 4,100 Est. Cost $322.65 Unrealized —

MU Micron Technology Inc 0.2%

Value $1.351M Shares 4,000 Est. Cost $387.04 Unrealized —

SW Smurfit Westrock PLC 0.2%

Value $1.35M Shares 33,900 Est. Cost $38.13 Unrealized —

GPN Global Payments Inc 0.2%

Value $1.339M Shares 19,900 Est. Cost $74.91 Unrealized —

PL Planet Labs PBC 0.2%

Value $1.338M Shares 47,900 Est. Cost $24.28 Unrealized —

MSTR Strategy Inc 0.2%

Value $1.223M Shares 9,800 Est. Cost $276.88 Unrealized —

MP MP Materials Corp 0.1%

Value $1.172M Shares 24,300 Est. Cost $63.41 Unrealized —

SOFI SoFi Technologies Inc 0.1%

Value $1.14M Shares 71,800 Est. Cost $23.28 Unrealized —

SMCI Super Micro Computer Inc 0.1%

Value $1.047M Shares 46,000 Est. Cost $40.01 Unrealized —

IONQ IonQ Inc 0.1%

Value $936K Shares 32,500 Est. Cost $53.79 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWL	iShares MSCI Switzerland ETF	258,700	$15.21M	1.9%	$58.81	—	—	464286749
EZU	iShares MSCI Eurozone ETF	234,700	$14.7M	1.8%	$62.64	—	—	464286608
PHO	Invesco Water Resources ETF	153,700	$10.28M	1.3%	$38.63	—	—	46137V142
XLK	State Street Technology Select	67,500	$8.97M	1.1%	$132.89	—	—	81369Y803
INDA	iShares MSCI India ETF	169,700	$7.948M	1.0%	$54.16	—	—	46429B598
HAL	Halliburton Co	44,000	$1.715M	0.2%	$33.54	—	—	406216101
DAL	Delta Air Lines Inc	24,100	$1.602M	0.2%	$58.63	—	—	247361702
ES	Eversource Energy	22,300	$1.544M	0.2%	$70.10	—	—	30040W108
GNRC	Generac Holdings Inc	7,900	$1.543M	0.2%	$183.13	—	—	368736104
CHWY	Chewy Inc	57,100	$1.541M	0.2%	$33.68	—	—	16679L109
KHC	Kraft Heinz Co/The	68,000	$1.529M	0.2%	$26.11	—	—	500754106
DD	DuPont de Nemours Inc	33,400	$1.529M	0.2%	$37.39	—	—	26614N102
SF	Stifel Financial Corp	20,600	$1.522M	0.2%	$125.46	—	—	860630102
CI	Cigna Group/The	5,700	$1.52M	0.2%	$279.23	—	—	125523100
F	Ford Motor Co	129,300	$1.492M	0.2%	$13.04	—	—	345370860
CNH	CNH Industrial NV	135,600	$1.491M	0.2%	$11.89	—	—	N20944109
JBHT	JB Hunt Transport Services Inc	6,800	$1.44M	0.2%	$213.95	—	—	445658107
SWK	Stanley Black & Decker Inc	20,200	$1.435M	0.2%	$69.90	—	—	854502101
CSL	Carlisle Cos Inc	4,100	$1.367M	0.2%	$322.65	—	—	142339100
MU	Micron Technology Inc	4,000	$1.351M	0.2%	$387.04	—	—	595112103
SW	Smurfit Westrock PLC	33,900	$1.35M	0.2%	$38.13	—	—	G8267P108
GPN	Global Payments Inc	19,900	$1.339M	0.2%	$74.91	—	—	37940X102
PL	Planet Labs PBC	47,900	$1.338M	0.2%	$24.28	—	—	72703X106
MSTR	Strategy Inc	9,800	$1.223M	0.2%	$276.88	—	—	594972408
MP	MP Materials Corp	24,300	$1.172M	0.1%	$63.41	—	—	553368101
SOFI	SoFi Technologies Inc	71,800	$1.14M	0.1%	$23.28	—	—	83406F102
SMCI	Super Micro Computer Inc	46,000	$1.047M	0.1%	$40.01	—	—	86800U302
IONQ	IonQ Inc	32,500	$936K	0.1%	$53.79	—	—	46222L108

Decreased Positions (9)

IVW iShares S&P 500 Growth ETF 1.3%

Value $10.73M (+17.2%) Shares 78,000 (-3.6%) Est. Cost $113.10 Unrealized —

AMKR Amkor Technology Inc 0.3%

Value $2.112M (+68.2%) Shares 24,500 (-12.2%) Est. Cost $49.52 Unrealized —

SNDK Sandisk Corp 0.3%

Value $2.046M (+53.4%) Shares 900 (-57.1%) Est. Cost $516.50 Unrealized —

INTC Intel Corp 0.3%

Value $2.08M (+46.5%) Shares 14,900 (-53.7%) Est. Cost $24.23 Unrealized —

BE Bloom Energy Corp 0.2%

Value $1.937M (+47.4%) Shares 6,400 (-34.0%) Est. Cost $105.07 Unrealized —

UAL United Airlines Holdings Inc 0.2%

Value $1.835M (+22.3%) Shares 13,500 (-17.2%) Est. Cost $65.24 Unrealized —

CNC Centene Corp 0.2%

Value $1.79M (+21.5%) Shares 27,900 (-38.0%) Est. Cost $43.66 Unrealized —

ELV Elevance Health Inc 0.2%

Value $1.817M (+15.0%) Shares 4,700 (-13.0%) Est. Cost $315.38 Unrealized —

SNX TD SYNNEX Corp 0.2%

Value $1.764M (+13.7%) Shares 6,600 (-28.3%) Est. Cost $146.47 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVW	iShares S&P 500 Growth ETF	78,000 (-3.6%)	$10.73M (+17.2%)	1.3%	$113.10	—	—	464287309
AMKR	Amkor Technology Inc	24,500 (-12.2%)	$2.112M (+68.2%)	0.3%	$49.52	—	—	031652100
SNDK	Sandisk Corp	900 (-57.1%)	$2.046M (+53.4%)	0.3%	$516.50	—	—	80004C200
INTC	Intel Corp	14,900 (-53.7%)	$2.08M (+46.5%)	0.3%	$24.23	—	—	458140100
BE	Bloom Energy Corp	6,400 (-34.0%)	$1.937M (+47.4%)	0.2%	$105.07	—	—	093712107
UAL	United Airlines Holdings Inc	13,500 (-17.2%)	$1.835M (+22.3%)	0.2%	$65.24	—	—	910047109
CNC	Centene Corp	27,900 (-38.0%)	$1.79M (+21.5%)	0.2%	$43.66	—	—	15135B101
ELV	Elevance Health Inc	4,700 (-13.0%)	$1.817M (+15.0%)	0.2%	$315.38	—	—	036752103
SNX	TD SYNNEX Corp	6,600 (-28.3%)	$1.764M (+13.7%)	0.2%	$146.47	—	—	87162W100

Unchanged Positions (14)

EMB iShares J.P. Morgan USD Emergi 25.6%

Value $207M Shares 2,151,000 Est. Cost $96.28 Unrealized —

FIW First Trust Water ETF 3.6%

Value $29.32M Shares 267,700 Est. Cost $82.46 Unrealized —

VHT Vanguard Health Care ETF 1.3%

Value $10.23M Shares 34,200 Est. Cost $272.31 Unrealized —

USHY iShares Broad USD High Yield C 22.1%

Value $179M Shares 4,835,000 Est. Cost $37.39 Unrealized —

CART Maplebear Inc 0.2%

Value $2.002M Shares 42,300 Est. Cost $43.14 Unrealized —

RRX Regal Rexnord Corp 0.2%

Value $1.834M Shares 7,700 Est. Cost $132.81 Unrealized —

TLN Talen Energy Corp 0.2%

Value $1.767M Shares 4,600 Est. Cost $368.21 Unrealized —

VTRS Viatris Inc 0.2%

Value $1.802M Shares 113,500 Est. Cost $14.08 Unrealized —

RIVN Rivian Automotive Inc 0.2%

Value $1.741M Shares 100,400 Est. Cost $16.32 Unrealized —

OVV Ovintiv Inc 0.2%

Value $1.484M Shares 28,200 Est. Cost $38.77 Unrealized —

EL Estee Lauder Cos Inc/The 0.2%

Value $1.65M Shares 20,900 Est. Cost $111.88 Unrealized —

RNR RenaissanceRe Holdings Ltd 0.2%

Value $1.806M Shares 5,700 Est. Cost $263.15 Unrealized —

GM General Motors Co 0.2%

Value $1.541M Shares 20,000 Est. Cost $47.07 Unrealized —

— VanEck Russia ETF ⚠ 0.0%

Value $0 Shares 230,500 Est. Cost $26.66 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EMB	iShares J.P. Morgan USD Emergi	2,151,000	$207M	25.6%	$96.28	—	—	464288281
FIW	First Trust Water ETF	267,700	$29.32M	3.6%	$82.46	—	—	33733B100
VHT	Vanguard Health Care ETF	34,200	$10.23M	1.3%	$272.31	—	—	92204A504
USHY	iShares Broad USD High Yield C	4,835,000	$179M	22.1%	$37.39	—	—	46435U853
CART	Maplebear Inc	42,300	$2.002M	0.2%	$43.14	—	—	565394103
RRX	Regal Rexnord Corp	7,700	$1.834M	0.2%	$132.81	—	—	758750103
TLN	Talen Energy Corp	4,600	$1.767M	0.2%	$368.21	—	—	87422Q109
VTRS	Viatris Inc	113,500	$1.802M	0.2%	$14.08	—	—	92556V106
RIVN	Rivian Automotive Inc	100,400	$1.741M	0.2%	$16.32	—	—	76954A103
OVV	Ovintiv Inc	28,200	$1.484M	0.2%	$38.77	—	—	69047Q102
EL	Estee Lauder Cos Inc/The	20,900	$1.65M	0.2%	$111.88	—	—	518439104
RNR	RenaissanceRe Holdings Ltd	5,700	$1.806M	0.2%	$263.15	—	—	G7496G103
GM	General Motors Co	20,000	$1.541M	0.2%	$47.07	—	—	37045V100
—	VanEck Russia ETF ⚠	230,500	$0	0.0%	$26.66	—	—	92189F403