Standpoint Asset Management, LLC

Key Holdings

The portfolio is currently entirely composed of three ETFs, which together account for 100% of the assets under management. The largest position is the SPDR Portfolio S&P 500 ETF (SPYM), holding $72.30 million or 48.44% of the portfolio. This suggests a core "home bias" toward large-cap U.S. equities. The second and third positions provide international exposure: the iShares Core MSCI Emerging Markets ETF (IDEV) holds $38.99 million (26.12%), and the iShares Core MSCI Total International Stock ETF (IXUS) holds $37.97 million (25.44%). The nearly equal weighting between IDEV and IXUS indicates a strategic balance between emerging and developed international markets, with the combined international allocation representing approximately 51.5% of the total portfolio, slightly outweighing the U.S. allocation.