| Hilton Worldwide Holdings Inc | 8.44 | 9,103 |
| Royal Caribbean Cruises Ltd | 8.34 | 11,726 |
| Marriott International Inc/md | 7.99 | 8,106 |
| Delta Air Lines Inc | 6.63 | 37,426 |
| Carnival Corp | 5.35 | 75,887 |
| Ryanair Holdings Plc | 4.14 | 8,864 |
| Intercontinental Hotels Group Plc | 3.75 | 8,812 |
| Southwest Airlines Co | 3.11 | 25,371 |
| United Airlines Holdings Inc | 3.10 | 17,089 |
| Host Hotels & Resorts Inc | 2.54 | 33,792 |
| Singapore Airlines Ltd | 2.32 | 114,400 |
| Accor Sa | 2.17 | 12,061 |
| International Consolidated Airlines Group Sa | 2.08 | 202,757 |
| Whitbread Plc | 2.07 | 12,577 |
| Norwegian Cruise Line Holdings Ltd | 2.02 | 26,590 |
| American Airlines Group Inc | 1.85 | 41,874 |
| H World Group Ltd | 1.78 | 13,660 |
| Ryman Hospitality Properties Inc | 1.56 | 3,544 |
| Wyndham Hotels & Resorts Inc | 1.50 | 4,551 |
| Deutsche Lufthansa Ag | 1.42 | 51,146 |
| Qantas Airways Ltd | 1.33 | 71,921 |
| Hyatt Hotels Corp | 1.32 | 2,070 |
| Ana Holdings Inc | 1.31 | 15,200 |
| Choice Hotels International Inc | 1.20 | 2,206 |
| Alaska Air Group Inc | 1.20 | 7,846 |
| Korean Air Lines Co Ltd | 1.19 | 16,884 |
| Eva Airways Corp | 1.18 | 248,000 |
| Minor International Pcl | 1.11 | 333,000 |
| Japan Airlines Co Ltd | 1.03 | 14,300 |
| Easyjet Plc | 0.99 | 36,849 |
| Park Hotels & Resorts Inc | 0.87 | 13,464 |
| China Airlines Ltd | 0.83 | 300,000 |
| Air Canada | 0.83 | 17,072 |
| Invincible Investment Corp | 0.81 | 431 |
| Resorttrust Inc | 0.80 | 9,900 |
| Apple Hospitality Reit Inc | 0.77 | 12,756 |
| Atour Lifestyle Holdings Ltd | 0.77 | 9,679 |
| Skywest Inc | 0.77 | 2,388 |
| Japan Hotel Reit Investment Corp | 0.76 | 352 |
| Copa Holdings Sa | 0.63 | 1,660 |
| Sunstone Hotel Investors Inc | 0.61 | 13,898 |
| Hanjin Kal Corp | 0.58 | 2,617 |
| Cathay Pacific Airways Ltd | 0.54 | 125,000 |
| Jetblue Airways Corp | 0.54 | 25,492 |
| Air France-klm | 0.53 | 14,202 |
| Diamondrock Hospitality Co | 0.52 | 14,014 |
| Rlj Lodging Trust | 0.51 | 12,702 |
| Kyoritsu Maintenance Co Ltd | 0.47 | 6,800 |
| Shangri-la Asia Ltd | 0.47 | 180,000 |
| Air China Ltd | 0.41 | 230,000 |
| Norwegian Air Shuttle Asa | 0.41 | 93,941 |
| Pebblebrook Hotel Trust | 0.39 | 6,955 |
| Wizz Air Holdings Plc | 0.38 | 5,052 |
| Service Property Trust | 0.35 | 17,391 |
| British Pounds | 0.29 | 51,784 |
| Euro | 0.25 | 52,165 |
| Singapore Dollar | 0.20 | 61,812 |
| Japanese Yen | 0.18 | 6,045,528 |
| First American Government Obligations Fund 12/01/2031 | 0.17 | 39,078 |
| Cash & Other | 0.12 | 29,330 |
| New Taiwan Dollar | 0.07 | 553,052 |
| South Korea Won | 0.06 | 17,673,669 |
| Hong Kong Dollar | 0.06 | 111,420 |
| Thai Baht | 0.04 | 298,227 |
