| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| SPY SPDR S&P 500 ETF Trust | 276.23 mm | 501.50 k shares | 57.25 | Common equity | Long | USA |
|
V/E SEMICONDUCT
|
72.32 mm | 292.80 k shares | 14.99 | Common equity | Long | USA |
| XME SPDR S&P Metals and Mining ETF | 59.98 mm | 605.50 k shares | 12.43 | Common equity | Long | USA |
| Select Sector SPDR Trust | 58.92 mm | 686.80 k shares | 12.21 | Common equity | Long | USA |
| Select Sector SPDR Trust | 55.18 mm | 758.10 k shares | 11.44 | Common equity | Long | USA |
|
ISHARES 20+ YEAR
|
48.54 mm | 512.00 k shares | 10.06 | Common equity | Long | USA |
| BBH SWEEP VEHICLE | 5.70 mm | 5.70 mm principal | 1.18 | Short-term investment vehicle | Long | USA |
| TLT US 12/20/24 C91 | -3.03 mm | -5.12 k contracts | -0.63 | Equity derivative | Short | N/A |
| XLC US 12/20/24 C79 | -6.15 mm | -6.87 k contracts | -1.27 | Equity derivative | Short | N/A |
| XLU US 09/20/24 C63 | -7.69 mm | -7.58 k contracts | -1.59 | Equity derivative | Short | N/A |
| XBI US 09/20/24 C84 | -9.37 mm | -6.06 k contracts | -1.94 | Equity derivative | Short | N/A |
| SMH US 12/20/24 C200 | -16.46 mm | -2.93 k contracts | -3.41 | Equity derivative | Short | N/A |
| SPY US 12/20/24 C460 | -51.19 mm | -5.01 k contracts | -10.61 | Equity derivative | Short | N/A |
