VANECK ETF TRUST

Ticker: SMH CUSIP: 92189F676 Class: ETF

Telos Capital Management, Inc.'s Holding History (CIK: 0001567889)

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

Q4 2025
Shares 10,834 Value ($000) $3,902 Avg Close — Range —
Q3 2025
Shares 10,733 Value ($000) $3,503 Avg Close — Range —
Q2 2025
Shares 10,813 Value ($000) $3,016 Avg Close — Range —