HFND Holdings List

As of May 19, 2025

No.	Symbol	Name	% Weight	Shares
1	FGXXX	First American Government Obligations Fund	49.03%	13,978,689
2	n/a	Cboe High Yield Corporate Bond Index Future June 25	20.02%	33
3	n/a	MSCI Emerging Markets Index Future June 25	13.93%	61
4	AGZ	iShares Agency Bond ETF	6.02%	15,776
5	n/a	DEPOSITS WITH BROKER FOR SHORT POSITIONS	5.34%	1,523,460
6	XLF	Financial Select Sector SPDR Fund	4.93%	27,217
7	VUG	Vanguard Growth ETF	4.80%	3,291
8	n/a	Gold Future June 25	4.65%	4
9	n/a	MSCI EAFE Index Future June 25	3.78%	8
10	ICVT	iShares Convertible Bond ETF	3.26%	10,573
11	VGK	Vanguard FTSE Europe ETF	2.91%	10,864
12	n/a	Nikkei/USD Future June 25	2.84%	4
13	VFMO	Vanguard U.S. Momentum Factor ETF	2.76%	4,763
14	VWOB	Vanguard Emerging Markets Government Bond ETF	2.41%	10,737
15	BKLN	Invesco Senior Loan ETF	2.27%	31,100
16	EMHY	iShares J.P. Morgan EM High Yield Bond ETF	1.84%	13,706
17	CMBS	iShares CMBS ETF	1.72%	10,244
18	VTV	Vanguard Value ETF	1.45%	2,389
19	MCHI	iShares MSCI China ETF	1.33%	6,944
20	n/a	DEPOSITS WITH BROKER FOR SHORT POSITIONS	1.27%	360,818
21	n/a	iShares iBoxx $ Invmt Grade Corp Bd ETF	1.19%	3,164
22	TIP	iShares TIPS Bond ETF	1.15%	3,022
23	n/a	British Pound Future June 25	0.88%	3
24	n/a	Zinc Future June 25	0.85%	4
25	n/a	LME PRI ALUM FUTR Jun25	0.77%	4
26	XLU	Utilities Select Sector SPDR Fund	0.66%	2,291
27	n/a	The Consumer Discret Sel SectSPDR® ETF	0.66%	869
28	XLI	Industrial Select Sector SPDR Fund	0.64%	1,270
29	XHB	SPDR S&P Homebuilders ETF	0.60%	1,729
30	n/a	Euro FX Future June 25	0.49%	1
31	EWY	iShares MSCI South Korea ETF	0.35%	1,711
32	n/a	US Dollar Index Future June 25	0.35%	1
33	VTWO	Vanguard Russell 2000 ETF	0.35%	1,175
34	XRT	SPDR S&P Retail ETF	0.32%	1,201
35	EWH	iShares MSCI Hong Kong ETF	0.20%	2,959
36	XLV	Health Care Select Sector SPDR Fund	0.08%	171
37	XLE	Energy Select Sector SPDR Fund	0.07%	226
38	EWW	iShares MSCI Mexico ETF	0.05%	238
39	EWZ	iShares MSCI Brazil ETF	0.02%	177
40	INDA	iShares MSCI India ETF	0.02%	82
41	n/a	BCOM Comdty Ind Jun25	-0.46%	13
42	n/a	LME PRI ALUM FUTR Jun25	-0.77%	4
43	n/a	Zinc Future June 25	-0.83%	4
44	n/a	Australian Dollar Future June 25	-0.91%	4
45	n/a	10 Year Treasury Note Future June 25	-1.53%	4
46	n/a	US Treasury Bond Future June 25	-1.56%	4
47	n/a	Swiss Franc Future June 25	-1.59%	3
48	n/a	Canadian Dollar Future June 25	-4.98%	20
49	n/a	5 Year Treasury Note Future June 25	-16.62%	44
50	n/a	Cash Offset	-17.03%	4,853,744

As of May 19, 2025