Breakdown by Country

HFEQ Holdings List

No.	Symbol	Name	% Weight	Shares
1	VTV	Vanguard Morningstar Value ETF	17.54%	14,660
2	n/a	E-mini Nasdaq 100 Future Dec 26	16.22%	5
3	VO	Vanguard Morningstar Mid-Cap ETF	15.73%	36,374
4	n/a	MSCI Emerging Markets Index Future Dec 26	15.06%	33
5	FGXXX	First American Government Obligs X	14.30%	2,650,398
6	n/a	MSCI EAFE Index Future Dec 26	12.86%	15
7	VGZ6	Euro Stoxx 50 Future Dec 26	11.40%	29
8	XLB	State Street Materials Select Sector SPDR ETF	11.23%	41,059
9	n/a	E-mini S&P 500 Future Dec 26	10.45%	5
10	n/a	E-mini Russell 2000 Index Future Dec 26	10.10%	13
11	n/a	OTHER ASSETS AND LIABILITIES	9.18%	1,701,991
12	n/a	CBOE VIX FUTURE Oct26	7.59%	80
13	n/a	State Street® CnsmrDiscSelSectSPDR®ETF	7.12%	11,852
14	VFMO	Vanguard U.S. Momentum Factor ETF	6.57%	5,360
15	XLI	State Street Industrial Select Sector SPDR ETF	6.44%	7,057
16	n/a	E-mini Financial Select Sector Future Dec 26	4.58%	5
17	XRT	State Street SPDR S&P Retail ETF	4.16%	9,316
18	XBI	State Street SPDR S&P Biotech ETF	3.66%	4,286
19	n/a	Nikkei/USD Future Dec 26	3.49%	2
20	XLU	State Street Utilities Select Sector SPDR ETF	3.26%	14,494
21	XLE	State Street Energy Select Sector SPDR ETF	1.21%	3,467
22	n/a	BTIC on E-mini S&P Real Estate Select Sector Index Future Dec 26	-3.96%	14
23	n/a	Cash Offset	-88.20%	16,346,428

As of Sep 17, 2026