| Fund Name: | Ripple Effect Asset Management |
| Manager | Ravi Bellur |
| Portfolio Value | $511,489,171 |
| Change This QTR | +0.76% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | Ishares Tr - IBOXX HI YD ETFPUT | 750,000 | $60,892,500 | 11.9% | |||
| 2. | SPY | 50,000 | $33,309,000 | -84% | 6.51% | ||
| 3. | IEF | 295,400 | $28,494,284 | NEW | 5.57% | ||
| 4. | VST | 142,400 | $27,899,008 | 5.45% | |||
| 5. | Eqt CorpPUT | EQT | 500,000 | $27,215,000 | +5% | 5.32% |