SWAN Holdings List

As of Sep 25, 2025

No.	Symbol	Name	% Weight	Shares
1	n/a	Option On Spdr® S&P 500® Etf Jun26	12.15%	1,591
2	n/a	Option On Spdr® S&P 500® Etf Dec25	10.35%	1,888
3	n/a	United States Treasury Notes 1.38%	8.62%	26,506,000
4	n/a	United States Treasury Notes 0.88%	8.61%	26,435,000
5	n/a	United States Treasury Notes 1.63%	8.59%	25,687,000
6	n/a	United States Treasury Notes 3.38%	8.57%	23,735,000
7	T.4.25 11.15.34	United States Treasury Notes 4.25%	8.57%	22,545,000
8	n/a	United States Treasury Notes 2.88%	8.57%	24,249,000
9	n/a	United States Treasury Notes 4.25%	8.56%	22,582,000
10	n/a	United States Treasury Notes 4.38%	8.56%	22,259,000
11	n/a	United States Treasury Notes 4.5%	8.55%	22,000,000
12	n/a	United States Treasury Notes 4.13%	8.53%	22,439,000
13	n/a	DEPOSITS WITH BROKER FOR SHORT POSITIONS	0.97%	2,576,899
14	AGPXX	Short-Term Investment Trust - Invesco Government & Agency Portfolio	0.12%	314,308
15	n/a	Dreyfus Treasury Secs Csh Mgmt Svc New	0.00%	2,380
16	n/a	Cash Offset	-9.31%	24,743,496

As of Sep 25, 2025