AMERICAN ASSET MANAGEMENT INC.

2. Key Holdings

The portfolio is heavily dominated by AIM ETF Products Trust, which occupies the top 9 positions and commands approximately 70% of the total portfolio value when aggregated. The single largest position is an AIM ETF valued at $41.54 million (35.22% of portfolio). This extreme concentration suggests that American Asset Management utilizes these AIM vehicles—likely structured outcome or defined outcome ETFs given the typical naming conventions and sector patterns—as the core "engine" of their strategy.

The second largest holding is the SPDR S&P 500 ETF (SPY) at $15.29 million (12.96%), serving as the primary liquid beta proxy. Outside of these dominant ETF positions, individual equity exposure is minimal but includes blue-chip technology names. Apple Inc. (AAPL) is the largest individual stock holding at $911,277 (0.77%), followed by NVIDIA (NVDA) at $357,150 (0.30%). The top 10 holdings account for over 85% of the total assets, underscoring a high-conviction, low-diversification approach outside of the core fund wrappers.