Breakdown by Country

SWAN Holdings List

No.	Symbol	Name	% Weight	Shares
1	n/a	Option On State Street® Spdr® S&P 500® Etf Jun26	15.01%	901
2	n/a	Option On State Street® Spdr® S&P 500® Etf Dec26	11.54%	879
3	T.1.625 05.15.31	United States Treasury Notes 1.63%	8.18%	15,252,000
4	T.1.375 11.15.31	United States Treasury Notes 1.38%	8.15%	15,618,000
5	T.4.125 11.15.32	United States Treasury Notes 4.13%	8.08%	13,459,000
6	T.4 11.15.35	United States Treasury Notes 4%	8.08%	13,822,000
7	T.4.25 05.15.35	United States Treasury Notes 4.25%	8.07%	13,507,000
8	T.4.375 05.15.34	United States Treasury Notes 4.38%	8.07%	13,321,000
9	T.4.25 11.15.34	United States Treasury Notes 4.25%	8.06%	13,453,000
10	T.2.875 05.15.32	United States Treasury Notes 2.88%	8.03%	14,293,000
11	T.3.375 05.15.33	United States Treasury Notes 3.38%	8.01%	14,026,000
12	T.4.5 11.15.33	United States Treasury Notes 4.5%	7.96%	13,025,000
13	n/a	US DOLLARS	1.64%	2,717,456
14	AGPXX	Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional Class	1.57%	2,595,151
15	n/a	OTHER ASSETS AND LIABILITIES	-1.55%	2,558,298
16	n/a	Cash Offset	-8.90%	14,724,924

As of May 29, 2026