LAZARD ACTIVE ETF TR

Ticker: SYZ CUSIP: 52110K707 Class: US SYSTEMATIC SM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

EdgeRock Capital LLC

Value ($000) $12,967 Shares 512,868

CITADEL ADVISORS LLC

Value ($000) $299 Shares 11,844

OSAIC HOLDINGS, INC.

Value ($000) $9 Shares 345

Institution	Shares	Value ($000)
EdgeRock Capital LLC	512,868	$12,967
CITADEL ADVISORS LLC	11,844	$299
OSAIC HOLDINGS, INC.	345	$9

Decreased Positions (3)

TRUE Private Wealth Advisors

Value ($000) $1,740 (-30.2%) Shares 68,827 (-30.9%)

Cerity Partners LLC

Value ($000) $529 (-20.0%) Shares 20,906 (-20.9%)

Value ($000) $5 (-11.2%) Shares 189 (-12.1%)

Institution	Prev Shares	Curr Shares	Change
TRUE Private Wealth Advisors	99,638	68,827	-30,811 (-30.9%)
Cerity Partners LLC	26,420	20,906	-5,514 (-20.9%)
UBS Group AG	215	189	-26 (-12.1%)

Exited Positions (1)

Value ($000) $1,251 Shares 50,000

Institution	Prev Shares	Prev Value ($000)
MORGAN STANLEY	50,000	$1,251