Vertex Investment Solutions Co., Ltd.

Est. AUM

$86.5M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	VANGUARD SCOTTSDALE FDS	SHORT TERM TREAS	$23.6M	403700	27.30%	DFND
2	ISHARES TR	ISHS 1-5YR INVS	$12.1M	229800	13.95%	DFND
3	SELECT SECTOR SPDR TR	STATE STREET TEC	$5.9M	46100	6.86%	DFND
4	ISHARES TR	TIPS BD ETF	$5.1M	46300	5.90%	DFND
5	SELECT SECTOR SPDR TR	STATE STREET COM	$5.0M	46100	5.79%	DFND
6	VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	$4.9M	81700	5.61%	DFND
7	VANGUARD CHARLOTTE FDS	TOTAL INT BD ETF	$4.6M	95900	5.32%	DFND
8	ISHARES TR	IBOXX INV CP ETF	$4.3M	40100	5.02%	DFND
9	SELECT SECTOR SPDR TR	STATE STREET ENE	$3.5M	56400	4.03%	DFND
10	ISHARES TR	JPMORGAN USD EMG	$2.5M	26700	2.87%	DFND
11	VANGUARD INDEX FDS	REAL ESTATE ETF	$2.3M	26836	2.71%	DFND
12	SELECT SECTOR SPDR TR	STATE STREET CON	$1.7M	15800	1.94%	DFND
13	ISHARES TR	BROAD USD HIGH	$1.6M	45000	1.90%	DFND
14	SELECT SECTOR SPDR TR	STATE STREET FIN	$1.5M	31400	1.76%	DFND
15	SPDR SERIES TRUST	STATE STREET SPD	$1.4M	4400	1.60%	DFND
16	ISHARES INC	MSCI CDA ETF	$1.2M	22900	1.42%	DFND
17	SELECT SECTOR SPDR TR	STATE STREET CON	$1.2M	14100	1.33%	DFND
18	ISHARES TR	IBOXX HI YD ETF	$1.1M	13800	1.26%	DFND
19	ISHARES TR	MSCI DENMARK ETF	$704K	6900	0.81%	DFND
20	ISHARES INC	MSCI HONG KG ETF	$425K	19000	0.49%	DFND
21	ISHARES INC	MSCI SPAIN ETF	$418K	8000	0.48%	DFND
22	ISHARES TR	MSCI UK ETF NEW	$409K	9200	0.47%	DFND
23	ISHARES INC	MSCI NETHERL ETF	$404K	7300	0.47%	DFND
24	SELECT SECTOR SPDR TR	STATE STREET IND	$303K	1900	0.35%	DFND
25	SPDR SERIES TRUST	STATE STREET SPD	$290K	5300	0.34%	DFND

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.