METLIFE INC

Key Holdings

The portfolio is dominated by two major ETF positions that account for 100% of the total assets. The largest holding is the SPDR S&P 500 ETF Trust (SPY), with a market value of $4.38 million. SPY represents 84.15% of the portfolio, comprising 7,000 shares. This heavy weighting indicates a strong conviction in the US large-cap equity market as a primary driver of returns. The second holding is the iShares MSCI Japan ETF (EWJ), valued at $825,930, which constitutes the remaining 15.85% of the portfolio with 10,000 shares. This position provides exposure to the Japanese equity market, serving as a minor diversifier away from the US-centric focus of the SPY position.