Breakdown by Country

HFEQ Holdings List

No.	Symbol	Name	% Weight	Shares
1	n/a	MSCI Emerging Markets Index Future Mar 26	38.86%	75
2	n/a	E-mini Financial Select Sector Future Mar 26	37.37%	38
3	FGXXX	First American Government Obligations Fund	29.84%	4,930,271
4	n/a	E-mini Nasdaq 100 Future Mar 26	21.39%	7
5	VLH6	Euro Stoxx 50 Future Mar 26	15.89%	35
6	n/a	E-mini S&P 500 Future Mar 26	15.03%	7
7	n/a	MSCI EAFE Index Future Mar 26	13.24%	13
8	VTV	Vanguard Value ETF	11.12%	8,921
9	n/a	OTHER ASSETS AND LIABILITIES	10.10%	1,683,874
10	XLU	State Street Utilities Select Sector SPDR ETF	8.30%	31,532
11	n/a	Nikkei/USD Future Mar 26	7.70%	4
12	XRT	State Street SPDR S&P Retail ETF	7.61%	14,125
13	XLB	State Street Materials Select Sector SPDR ETF	7.29%	23,066
14	n/a	CBOE VIX FUTURE Feb26	6.61%	63
15	XLI	State Street Industrial Select Sector SPDR ETF	4.60%	4,374
16	VTWO	Vanguard Russell 2000 ETF	4.54%	6,956
17	XLE	State Street Energy Select Sector SPDR ETF	3.27%	10,076
18	XBI	State Street SPDR S&P Biotech ETF	3.01%	3,942
19	n/a	State Street®CnsmrStpSelSectSPDR®ETF	2.39%	4,509
20	XHB	State Street SPDR S&P Homebuilders ETF	1.51%	2,134
21	VO	Vanguard Mid-Cap ETF	1.28%	701
22	n/a	State Street® CnsmrDiscSelSectSPDR®ETF	0.80%	1,128
23	MCHI	iShares MSCI China ETF	0.65%	1,725
24	n/a	BTIC on E-mini S&P Real Estate Select Sector Index Future Mar 26	-26.77%	82
25	n/a	Cash Offset	-125.63%	20,755,683

As of Feb 9, 2026