| Fund Name: | Ripple Effect Asset Management |
| Manager | Ravi Bellur |
| Portfolio Value | $678,659,819 |
| Change This QTR | +1.94% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | Ishares TrustCALL | IEF | 1,400,000 | $347,200,000 | NEW | 51.16% | |
| 2. | NEP | 4,175,000 | $44,338,500 | +90% | 6.53% | ||
| 3. | KGS | 730,100 | $42,579,432 | -28% | 6.27% | ||
| 4. | NEP | 2,538,720 | $26,961,206 | +21% | 3.97% | ||
| 5. | KGS | 458,000 | $26,710,560 | -59% | 3.94% |