VANECK ETF TRUST

Ticker: EMLC CUSIP: 92189H300 Class: JP MRGAN EM LOC

Waterloo Capital, L.P.'s Holding History (CIK: 0001730942)

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

Q4 2025

Shares 218,905 Value ($000) $5,652 Avg Close — Range —

Q3 2025

Shares 108,668 Value ($000) $2,772 Avg Close — Range —

Q4 2023

Shares 11,962 Value ($000) $303 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	218,905	$5,652	—	—
Q3 2025	108,668	$2,772	—	—
Q4 2023	11,962	$303	—	—