MANAGER DIRECTED PORTFOLIOS

Ticker: VGSR CUSIP: 56170L695 Class: VERT GLB SUST RE

NATURAL INVESTMENTS, LLC's Holding History (CIK: 0001800245)

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

Q4 2025

Shares 715,779 Value ($000) $7 Avg Close — Range —

Q2 2025

Shares 226,836 Value ($000) $2 Avg Close — Range —

Q1 2025

Shares 232,125 Value ($000) $2 Avg Close — Range —

Q4 2024

Shares 218,868 Value ($000) $2 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	715,779	$7	—	—
Q2 2025	226,836	$2	—	—
Q1 2025	232,125	$2	—	—
Q4 2024	218,868	$2	—	—