Global Endowment Management’s VanEck Fallen Angel High Yield Bond ETF ANGL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.44M	Hold	50,000	–	–	0.16%	45
2025 Q4	$1.47M	Hold	50,000	–	–	0.18%	46
2025 Q3	$1.49M	Hold	50,000	–	–	0.19%	45
2025 Q2	$1.46M	Hold	50,000	–	–	0.19%	44
2025 Q1	$1.44M	Hold	50,000	–	–	0.19%	49
2024 Q4	$1.43M	Hold	50,000	–	–	0.18%	57
2024 Q3	$1.47M	Hold	50,000	–	–	0.15%	63
2024 Q2	$1.42M	Hold	50,000	–	–	0.15%	56
2024 Q1	$1.45M	Hold	50,000	–	–	0.15%	57
2023 Q4	$1.44M	Hold	50,000	–	–	0.16%	54
2023 Q3	$1.35M	Hold	50,000	–	–	0.14%	59
2023 Q2	$1.39M	Hold	50,000	–	–	0.16%	51
2023 Q1	$1.4M	Hold	50,000	–	–	0.15%	56
2022 Q4	$1.35M	Hold	50,000	–	–	0.15%	59
2022 Q3	$1.31M	Hold	50,000	–	–	0.13%	62
2022 Q2	$1.35M	Hold	50,000	–	–	0.12%	69
2022 Q1	$1.52M	Hold	50,000	–	–	0.11%	70
2021 Q4	$1.65M	Hold	50,000	–	–	0.12%	61
2021 Q3	$1.65M	Hold	50,000	–	–	0.11%	62
2021 Q2	$1.65M	Sell	50,000 -85,700	-63%	-$2.76M	0.09%	65
2021 Q1	$4.33M	Sell	135,700 -51,150	-27%	-$1.64M	0.27%	44
2020 Q4	$6M	Sell	186,850 -7,800	-4%	-$241K	0.4%	38
2020 Q3	$5.79M	Hold	194,650	–	–	0.46%	30
2020 Q2	$5.59M	Buy	+194,650	New	+$5.35M	0.42%	28