Breakdown by Country

SWAN Holdings List

No.	Symbol	Name	% Weight	Shares
1	n/a	Option On State Street® Spdr® S&P 500® Etf Dec26	11.88%	871
2	n/a	Option On State Street® Spdr® S&P 500® Etf Jun27	10.07%	948
3	n/a	United States Treasury Notes 1.38%	8.72%	15,907,000
4	n/a	United States Treasury Notes 2.88%	8.68%	14,781,000
5	n/a	United States Treasury Notes 4%	8.64%	14,284,000
6	n/a	United States Treasury Notes 3.38%	8.64%	14,529,000
7	n/a	United States Treasury Notes 4.13%	8.64%	13,829,000
8	n/a	United States Treasury Notes 4.38%	8.63%	13,897,000
9	n/a	United States Treasury Notes 4.38%	8.61%	13,711,000
10	n/a	United States Treasury Notes 4.5%	8.61%	13,571,000
11	T.4.25 11.15.34	United States Treasury Notes 4.25%	8.61%	13,864,000
12	n/a	United States Treasury Notes 4.25%	8.60%	13,902,000
13	n/a	OTHER ASSETS AND LIABILITIES	1.15%	1,773,597
14	AGPXX	Invesco Shrt-Trm Inv Gov&Agcy Instl	0.28%	437,433
15	n/a	Cash Offset	-9.77%	15,040,140

As of Sep 17, 2026