Breakdown by Country

HFEQ Holdings List

No.	Symbol	Name	% Weight	Shares
1	FGXXX	First American Government Obligs X	32.58%	3,845,465
2	n/a	E-mini Nasdaq 100 Future Dec 26	16.48%	4
3	VTV	Vanguard Morningstar Value ETF	15.55%	8,228
4	n/a	MSCI Emerging Markets Index Future Dec 26	15.36%	28
5	n/a	MSCI EAFE Index Future Dec 26	12.29%	10
6	n/a	OTHER ASSETS AND LIABILITIES	12.03%	1,417,655
7	n/a	E-mini S&P 500 Future Dec 26	12.01%	4
8	VO	Vanguard Morningstar Mid-Cap ETF	10.37%	15,419
9	n/a	CBOE VIX FUTURE Nov26	8.74%	35
10	VFMO	Vanguard U.S. Momentum Factor ETF	8.28%	4,793
11	XLB	State Street Materials Select Sector SPDR ETF	7.06%	16,032
12	VGZ6	Euro Stoxx 50 Future Dec 26	6.81%	12
13	XRT	State Street SPDR S&P Retail ETF	6.46%	8,513
14	XLI	State Street Industrial Select Sector SPDR ETF	5.60%	4,061
15	n/a	E-mini Russell 2000 Index Future Dec 26	4.44%	4
16	n/a	Nikkei/USD Future Dec 26	4.19%	2
17	n/a	E-mini Financial Select Sector Future Dec 26	3.00%	2
18	XBI	State Street SPDR S&P Biotech ETF	2.51%	1,949
19	n/a	US DOLLARS	1.69%	200,000
20	XLE	State Street Energy Select Sector SPDR ETF	1.65%	3,158
21	n/a	State Street® CnsmrDiscSelSectSPDR®ETF	1.04%	1,048
22	XLU	State Street Utilities Select Sector SPDR ETF	0.49%	1,349
23	n/a	BTIC on E-mini S&P Real Estate Select Sector Index Future Dec 26	-5.66%	12
24	n/a	Cash Offset	-82.98%	9,793,152

As of Nov 5, 2026