INVESTMENT MANAGERS SER TR I

Ticker: FPAG CUSIP: 30254T577 Class: FPA GBL EQTY ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (7)

Allegheny Financial Group LTD

Value ($000) $2,038 Shares 54,943

Onyx Bridge Wealth Group LLC

Value ($000) $2,579 Shares 69,518

DKM Wealth Management, Inc.

Value ($000) $210 Shares 5,670

Bank of New York Mellon Corp

Value ($000) $19,777 Shares 533,070

Mowery & Schoenfeld Wealth Management, LLC

Value ($000) $11 Shares 300

Equitable Holdings, Inc.

Value ($000) $456 Shares 12,284

LPL Financial LLC

Value ($000) $209 Shares 5,633

Institution	Shares	Value ($000)
Allegheny Financial Group LTD	54,943	$2,038
Onyx Bridge Wealth Group LLC	69,518	$2,579
DKM Wealth Management, Inc.	5,670	$210
Bank of New York Mellon Corp	533,070	$19,777
Mowery & Schoenfeld Wealth Management, LLC	300	$11
Equitable Holdings, Inc.	12,284	$456
LPL Financial LLC	5,633	$209

Increased Positions (15)

NavPoint Financial, Inc.

Value ($000) $13,344 (+10.9%) Shares 359,684 (+7.1%)

Verum Partners LLC

Value ($000) $35,383 (+5.3%) Shares 953,714 (+1.8%)

Tanglewood Wealth Management, Inc.

Value ($000) $40,281 (+4.8%) Shares 1,085,742 (+1.2%)

ECLECTIC ASSOCIATES INC /ADV

Value ($000) $8,637 (+31.7%) Shares 232,790 (+27.3%)

New England Private Wealth Advisors LLC

Value ($000) $7,836 (+54.5%) Shares 211,207 (+49.3%)

Mills Wealth Advisors LLC

Value ($000) $1,819 (+20.6%) Shares 49,031 (+16.5%)

CERTIOR FINANCIAL GROUP, LLC

Value ($000) $379 (+63.3%) Shares 10,202 (+57.8%)

Argent Trust Co

Value ($000) $3,718 (+55.6%) Shares 100,222 (+50.3%)

&PARTNERS

Value ($000) $1,272 (+441.8%) Shares 27,298 (+316.8%)

Stratos Wealth Partners, LTD.

Value ($000) $967 (+79.6%) Shares 26,072 (+73.5%)

Private Advisor Group, LLC

Value ($000) $2,633 (+11.6%) Shares 70,966 (+7.8%)

OSAIC HOLDINGS, INC.

Value ($000) $141 (+30.1%) Shares 3,799 (+25.2%)

HAZLETT, BURT & WATSON, INC.

Value ($000) $0 (+345.5%) Shares 1,313 (+340.6%)

Joel Isaacson & Co., LLC

Value ($000) $290 (+6.2%) Shares 7,823 (+2.5%)

Cambridge Investment Research Advisors, Inc.

Value ($000) $2 (+17.8%) Shares 46,520 (+13.8%)

Institution	Prev Shares	Curr Shares	Change
NavPoint Financial, Inc.	335,712	359,684	+23,972 (+7.1%)
Verum Partners LLC	937,225	953,714	+16,489 (+1.8%)
Tanglewood Wealth Management, Inc.	1,072,589	1,085,742	+13,153 (+1.2%)
ECLECTIC ASSOCIATES INC /ADV	182,925	232,790	+49,865 (+27.3%)
New England Private Wealth Advisors LLC	141,468	211,207	+69,739 (+49.3%)
Mills Wealth Advisors LLC	42,093	49,031	+6,938 (+16.5%)
CERTIOR FINANCIAL GROUP, LLC	6,467	10,202	+3,735 (+57.8%)
Argent Trust Co	66,683	100,222	+33,539 (+50.3%)
&PARTNERS	6,549	27,298	+20,749 (+316.8%)
Stratos Wealth Partners, LTD.	15,025	26,072	+11,047 (+73.5%)
Private Advisor Group, LLC	65,809	70,966	+5,157 (+7.8%)
OSAIC HOLDINGS, INC.	3,035	3,799	+764 (+25.2%)
HAZLETT, BURT & WATSON, INC.	298	1,313	+1,015 (+340.6%)
Joel Isaacson & Co., LLC	7,629	7,823	+194 (+2.5%)
Cambridge Investment Research Advisors, Inc.	40,864	46,520	+5,656 (+13.8%)

Decreased Positions (3)

Mesirow Financial Investment Management, Inc.

Value ($000) $60,468 (-14.4%) Shares 1,629,876 (-17.3%)

Compass Ion Advisors, LLC

Value ($000) $3,915 (-4.0%) Shares 105,523 (-7.3%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $10,415 (-2.3%) Shares 280,718 (-5.7%)

Institution	Prev Shares	Curr Shares	Change
Mesirow Financial Investment Management, Inc.	1,971,426	1,629,876	-341,550 (-17.3%)
Compass Ion Advisors, LLC	113,827	105,523	-8,304 (-7.3%)
RAYMOND JAMES FINANCIAL INC	297,557	280,718	-16,839 (-5.7%)

Exited Positions (2)

JANE STREET GROUP, LLC

Value ($000) $1,028 Shares 28,696

UBS Group AG

Value ($000) $15 Shares 427

Institution	Prev Shares	Prev Value ($000)
JANE STREET GROUP, LLC	28,696	$1,028
UBS Group AG	427	$15