MARQUETTE ASSOCIATES, INC.

Key Holdings

The portfolio is dominated by three "mega-positions" that collectively account for 97.22% of the total value.

• IEFA (iShares Core MSCI EAFE ETF): This is the largest holding at $15.41M, representing 38.68% of the portfolio. This provides exposure to large and mid-cap equities in developed markets outside of the U.S. and Canada. The position size suggests a strategic overweight to international equities relative to a standard U.S. benchmark.
• Neuberger Berman ETF Trust: The second-largest position is valued at $12.42M, or 31.17% of the portfolio. While the specific ticker is not listed in the snippet, the size of the allocation indicates a significant allocation to a specific Neuberger Berman strategy, likely an income or alternative strategy given the firm's expertise, though it functions here as a major core holding.
• SPY (SPDR S&P 500 ETF Trust): Representing 27.37% ($10.90M), this provides core exposure to U.S. large-cap equities.