Breakdown by Country

SWAN Holdings List

No.	Symbol	Name	% Weight	Shares
1	n/a	Option On State Street® Spdr® S&P 500® Etf Dec26	12.33%	845
2	n/a	Option On State Street® Spdr® S&P 500® Etf Jun27	10.54%	928
3	T.1.375 11.15.31	United States Treasury Notes 1.38%	8.60%	15,743,000
4	T.2.875 05.15.32	United States Treasury Notes 2.88%	8.54%	14,623,000
5	T.4 11.15.35	United States Treasury Notes 4%	8.52%	14,284,000
6	T.4.375 05.15.36	United States Treasury Notes 4.38%	8.50%	13,897,000
7	T.4.125 11.15.32	United States Treasury Notes 4.13%	8.49%	13,681,000
8	T.3.375 05.15.33	United States Treasury Notes 3.38%	8.49%	14,378,000
9	T.4.5 11.15.33	United States Treasury Notes 4.5%	8.45%	13,431,000
10	T.4.375 05.15.34	United States Treasury Notes 4.38%	8.43%	13,567,000
11	T.4.25 11.15.34	United States Treasury Notes 4.25%	8.41%	13,714,000
12	T.4.25 05.15.35	United States Treasury Notes 4.25%	8.40%	13,751,000
13	n/a	OTHER ASSETS AND LIABILITIES	1.40%	2,137,232
14	AGPXX	Invesco Shrt-Trm Inv Gov&Agcy Instl	0.47%	717,028
15	n/a	Cash Offset	-9.57%	14,657,110

As of Oct 13, 2026