XLF: 60-day return history, mean=0.0007, std=0.0089.

Question:
Asset: XLF
Daily returns (past 60 days): mean=0.0007, std=0.0089, min=-0.0282, max=0.0180
Market regime: sideways
Recent filing/news:
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us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-08-01 2024-10-31 0000104169 us- [...TRUNCATED...] port, and Walmart undertakes no obligation to update any such statements to reflect subsequent events or circumstances. 35 Table of Contents Item 6. Exhibits The following documents are filed as an exhibit to this Quarterly Report on Form 10-Q: Exhibit 3.1(a) Restated Certificate of Incorporation of the Company dated February 1, 2018 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 1, 2018 Exhibit 3.1(b) Certificate of Amendment to the Restated Certificate of Incorporation of the Company, effective February 23, 2024 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 23, 2024 Exhibit 3.2 Amended and Restated Bylaws of the Company dated November 10, 2022 are incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on November 16, 2022 Exhibit 10.1* Retirement Agreement between the Company and Doug McMillon dated November 13, 2025 Exhibit 10.2* Form of Walmart Inc. Stock Incentive Plan of 2025 Global Restricted Stock Notification of Award and Terms and Conditions of Award Exhibit 10.3* Form of Walmart Inc. Stock Incentive Plan of 2025 Global Share-Settled Performance-Based Restricted Stock Unit Notification of Award and Terms and Condition s of Award Exhibit 31.1* Chief Executive Officer Section 302 Certification Exhibit 31.2* Chief Financial Officer Section 302 Certification Exhibit 32.1** Chief Executive Officer Section 906 Certification Exhibit 32.2** Chief Financial Officer Section 906 Certification Exhibit 99.1* Non-MDL Opioid-Related Litigation Case Citations Exhibit 101.INS* Inline XBRL Instance Document Exhibit 101.SCH* Inline XBRL Taxonomy Extension Schema Document Exhibit 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document Exhibit 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document Exhibit 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document Exhibit 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document Exhibit 104 The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended October 31, 2025, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 36 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   WALMART INC. Date: December 3, 2025 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: December 3, 2025 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: December 3, 2025 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 37

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLF. Express as a decimal (e.g., -0.02).

Answer: -0.0172

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0172 (i.e., on a bad day with 5% probability, the loss exceeds 1.72%). CVaR(95%) = -0.0231.


XLY: 60-day return history, mean=0.0007, std=0.0107.

Question:
Asset: XLY
Daily returns (past 60 days): mean=0.0007, std=0.0107, min=-0.0255, max=0.0291
Market regime: bull
Recent filing/news:
[SEC 10-Q UNH 2025-08-11] unh-20250630 false 2025 Q2 0000731766 12/31 50 xbrli:shares iso4217:USD iso4217:USD xbrli:shares utr:Rate xbrli:pure unh:reportableSegments 0000731766 2025-01-01 2025-06-30 0000731766 2025-07-31 0000731766 2025-06-30 0000731766 2024-12-31 0000731766 2025-04-01 2025-06-30 0000731766 2024-04-01 2024-06-30 0000731766 2024-01-01 2024-06-30 0000731766 us-gaap:ProductMember 2025-04-01 2025-06-30 0000731766 us-gaap:ProductMember 2024-04-01 2024-06-30 0000731766 us-gaap:ProductMember 2025-01-01 2025-06-30 0000731766 us-gaap:ProductMember 2024-01-01 2024-06-30 0000731766 us-gaap:ServiceMember 2025-04-01 2025-06-30 0000731766 us-gaap:ServiceMember 2024-04-01 2024-06-30 0000731766 us-gaap:ServiceMember 2025-01-01 2025-06-30 0000731766 us-gaap:ServiceMember 2024-01-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2025-03-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000731766 us-gaap:RetainedEarningsMember 2025-03-31 0000731766 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us-gaap:FairValueInputsLevel2Member 2025-06-30 0000731766 us-gaap:FairValueInputsLevel3Member 2025-06-30 0000731766 us-gaap:USTr [...TRUNCATED...] #8217;s Current Report on Form 8-K filed on February 26, 2021) 4.1 Amended and Restated Indenture, dated as of April 27, 2023, between UnitedHealth Group Incorporated and Wilmington Trust Company, as successor trustee (incorporated by reference to Exhibit 4.1 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on April 28, 2023) 4.2 Indenture, dated as of February 4, 2008, between UnitedHealth Group Incorporated and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-3, SEC File Number 333-149031, filed on February 4, 2008) 4.3 Supplemental Indenture, dated as of April 18, 2023, between UnitedHealth Group Incorporated and U.S. Bank Trust Company, National Association, as trustee, relating to the 6.875% Senior Notes due 2038 (incorporated by reference to Exhibit 4.1 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on April 24, 2023) * 10. 1 Employment Agreeme nt, effective as of May 12, 2025, between United HealthC are Services, Inc. and Stephen Hemsely 31.1 Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH Inline XBRL Taxonomy Extension Schema Document. 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104  Cover Page Interactive Data File (formatted as Inline XBRL and embedded within Exhibit 101).  ________________ * Denotes management contracts and compensation plans in which certain directors and named executive officers participate and which are being filed pursuant to Item 601(b)(10)(iii)(A) of Regulation S-K. ** Pursuant to Item 601(b)(4)(iii) of Regulation S-K, copies of instruments defining the rights of certain holders of long-term debt are not filed. The Company will furnish copies thereof to the SEC upon request. 27 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   UNITEDHEALTH GROUP INCORPORATED   /s/ S TEPHEN H EMSLEY Chair and Chief Executive Officer (principal executive officer) Dated: August 11, 2025 Stephen Hemsley    /s/ J OHN R EX President and Chief Financial Officer (principal financial officer) Dated: August 11, 2025 John Rex    /s/ T HOMAS R OOS Senior Vice President and Chief Accounting Officer (principal accounting officer) Dated: August 11, 2025 Thomas Roos    28

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLY. Express as a decimal (e.g., -0.02).

Answer: -0.0175

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0175 (i.e., on a bad day with 5% probability, the loss exceeds 1.75%). CVaR(95%) = -0.0235.


ADA-USD: 60-day return history, mean=0.0033, std=0.0391.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=0.0033, std=0.0391, min=-0.0960, max=0.0927
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ADA-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0509

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0509 (i.e., on a bad day with 5% probability, the loss exceeds 5.09%). CVaR(95%) = -0.0866.


BTC-USD: 60-day return history, mean=0.0019, std=0.0151.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=0.0019, std=0.0151, min=-0.0404, max=0.0455
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for BTC-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0173

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0173 (i.e., on a bad day with 5% probability, the loss exceeds 1.73%). CVaR(95%) = -0.0264.


XLV: 60-day return history, mean=-0.0002, std=0.0086.

Question:
Asset: XLV
Daily returns (past 60 days): mean=-0.0002, std=0.0086, min=-0.0187, max=0.0222
Market regime: sideways
Recent filing/news:
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2024-12-31 0000789019 msft:MicrosoftThreeSixFiveCommerci [...TRUNCATED...]  terminated a “ Rule 10b5-1 trading arrangement” or a “ non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, during the three months ended December 31, 2024. 65 PART II Item 6   ITEM 6. E XHIBITS               Incorporated by Reference Exhibit Number   Exhibit Description   Filed Herewith   Form   Period Ending   Exhibit   Filing Date                                                     15.1 Letter regarding unaudited interim financial information   X                                           31.1 Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   X                                       31.2 Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   X                                       32.1* Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   X                                       32.2* Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   X                                       101.INS Inline XBRL Instance Document–the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document   X                                       101.SCH Inline XBRL Taxonomy Extension Schema with Embedded Linkbase Documents   X                                       104 Cover page formatted as Inline XBRL and contained in Exhibit 101   X                   * Furnished, not filed.   Items 3 and 4 are not applicable and have been omitted. 66   SIGNAT URE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned; thereunto duly authorized.   M ICROSOFT  C ORPORATION /s/ A LICE  L. J OLLA Alice L. Jolla Corporate Vice President and Chief Accounting Officer (Duly Authorized Officer) January 29, 2025   67

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLV. Express as a decimal (e.g., -0.02).

Answer: -0.0137

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0137 (i.e., on a bad day with 5% probability, the loss exceeds 1.37%). CVaR(95%) = -0.0162.


EFA: 60-day return history, mean=0.0016, std=0.0107.

Question:
Asset: EFA
Daily returns (past 60 days): mean=0.0016, std=0.0107, min=-0.0289, max=0.0259
Market regime: sideways
Recent filing/news:
[Kaggle 2025-06-27] ["Alibaba Just Released New AI Models for Apple. Does That Make AAPL Stock a Buy? For Apple (AAPL), artificial intelligence is the key to future-proofing its robust devices and services ecosystem. Yet in China, Apple\u2019s second-largest market, the company\u2019s AI ambitions have hit a wall. Between trade tensions, strict regulations, Beijing\u2019s data-localization demands, fierce competition for device sales, Apple\u2019s Intelligence suite remained locked out of the mainland. Alibaba Group (BABA) has just handed Apple a potential key. Its Qwen3 AI models have been fine-tuned for Apple\u2019s MLX framework, enabling them to run natively on iPhones, iPads, and Macs. Tesla\u2019s Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. It is a strategic play. Apple needs a domestic AI partner to navigate China\u2019s tight controls, and Alibaba\u2019s open-source route gives it both flexibility and local legitimacy. This could finally pave the road for Apple Intelligence to launch in China - a much-needed boost for iPhone sales. Nearly six months into 2025, and Apple bulls are still bruised, with shares 23% off their peak. So, will this Alibaba alliance reignite the rally or trigger more turbulence? Apple (AAPL), the $3 trillion global tech titan from Cupertino, redefined technology with the iPhone, Mac, and iPad. But its real power play now is the services segment. With over a billion paid subscribers and high-margin offerings like iCloud, Apple Music, and the App Store, it is weathering global headwinds while tightening its grip on the digital ecosystem. Despite being big on innovation, AAPL\u2019s stock has slumped 19.5% in 2025, making Apple the worst YTD performer among the Magnificent Seven. Regulatory headwinds and mounting competition have eroded investor confidence. While large-cap tech rebounded in May, Apple missed the rally and dropped 6% that month alone. The decline deepened with rising tariff tensions, especially fears of a 25% hit if Apple doesn\u2019t shift manufacturing to the U.S. Yet the core issue extends beyond geopolitics and trade friction. \u201cApple Intelligence\u201d debuted at WWDC 2024, failed to generate lasting enthusiasm, hindered by limited device compatibility and the postponement of key features like the enhanced Siri. Legal pressures and underwhelming developments at WWDC 2025, where cosmetic updates overshadowed bold innovation, further reinforced perceptions that Apple is trailing AI leaders such as Google (GOOGL). While the company\u2019s ecosystem remains robust, its current AI narrative lacks the momentum to inspire market confidence. Apple\u2019s fiscal Q2 2025 arrived on May 1 with both flash and fricti

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for EFA. Express as a decimal (e.g., -0.02).

Answer: -0.0200

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0200 (i.e., on a bad day with 5% probability, the loss exceeds 2.00%). CVaR(95%) = -0.0248.


ADA-USD: 60-day return history, mean=-0.0056, std=0.0592.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0056, std=0.0592, min=-0.1761, max=0.2212
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ADA-USD. Express as a decimal (e.g., -0.02).

Answer: -0.1009

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.1009 (i.e., on a bad day with 5% probability, the loss exceeds 10.09%). CVaR(95%) = -0.1324.


SCHP: 60-day return history, mean=0.0004, std=0.0034.

Question:
Asset: SCHP
Daily returns (past 60 days): mean=0.0004, std=0.0034, min=-0.0090, max=0.0064
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SCHP. Express as a decimal (e.g., -0.02).

Answer: -0.0056

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0056 (i.e., on a bad day with 5% probability, the loss exceeds 0.56%). CVaR(95%) = -0.0080.


CSHI: 60-day return history, mean=-0.0001, std=0.0032.

Question:
Asset: CSHI
Daily returns (past 60 days): mean=-0.0001, std=0.0032, min=-0.0115, max=0.0123
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for CSHI. Express as a decimal (e.g., -0.02).

Answer: -0.0031

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0031 (i.e., on a bad day with 5% probability, the loss exceeds 0.31%). CVaR(95%) = -0.0115.


ADA-USD: 60-day return history, mean=-0.0014, std=0.0502.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0014, std=0.0502, min=-0.1578, max=0.1342
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ADA-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0860

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0860 (i.e., on a bad day with 5% probability, the loss exceeds 8.60%). CVaR(95%) = -0.1172.


IVV: 60-day return history, mean=-0.0006, std=0.0103.

Question:
Asset: IVV
Daily returns (past 60 days): mean=-0.0006, std=0.0103, min=-0.0264, max=0.0205
Market regime: bear
Recent filing/news:
[Kaggle 2025-04-01] I&M is Future Ready with Plans to Enhance Diverse Energy Mix FORT WAYNE, Ind., April 1, 2025 /PRNewswire/ -- Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, recently submitted its 2024 Integrated Resource Plan (IRP) to the Indiana Utility Regulatory Commission (IURC). I&M's plan outlines the transformation the company is undergoing to meet the evolving energy needs of customers while maintaining reliable and consistent power. The Future Ready Plan supports a resilient grid using a diverse portfolio of generation resources, energy efficiency and demand response programs to provide reliable, affordable energy for I&M customers today and into the future. The plan, which is specific to the state of Indiana, provides a detailed breakdown of future energy needs and how the company will meet customer demand through the 2044 IRP planning period. I&M is required to submit this 20-year IRP every three years to the IURC. I&M will conduct a similar process next year for the company's Michigan service area. The foundation of this plan is based on the evolving energy needs of existing customers. It also takes into account how I&M will serve future customers in a reliable, cost-effective manner. Additional input was considered throughout the IRP process through a Public Advisory Process, which provided opportunities for stakeholders to engage in the process through a series of five workshops. These workshops began in June 2024 and concluded in March 2025. "I&M has an opportunity to make a significant impact on the communities we serve by adapting to meet customers' evolving energy needs now and into the future," said Steve Baker, I&M president and chief operating officer. "By diversifying our generation mix with a portfolio of resources that can be available around the clock, our customers can trust that we are Future Ready to serve their homes, businesses and factories 24/7." Enhancing Generation Diversity I&M currently supports a diverse mix of generation resources to power customers' homes and businesses. This mix includes solar, wind, nuclear, coal and hydroelectric resources. As the trend for energy and demand continues to increase within I&M's territory, identifying resources to support future need is critical. The Indiana IRP targets additional renewable and natural gas resources to meet projected energy needs. These include the incorporation of solar, storage, wind and natural gas combined cycle and combustion turbine resources, as well as relicensing the Elkhart and Mottville hydroelectric facilities in 2030 and 2033, respectively. The resources identified in the IRP are in addition to the solar, wind and natural gas capacity resources recently approved by the IURC as the company prepares for the planned retirement of the coal-fueled Rockport Plant by the end of 2028. Focus on Nuclear Resources The 2024 Indiana IRP recommends the relicensing for both units at the D.C. Cook Nuclear Plant, located in Bridgman, Mich. The cu

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for IVV. Express as a decimal (e.g., -0.02).

Answer: -0.0174

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0174 (i.e., on a bad day with 5% probability, the loss exceeds 1.74%). CVaR(95%) = -0.0216.


EFA: 60-day return history, mean=0.0001, std=0.0067.

Question:
Asset: EFA
Daily returns (past 60 days): mean=0.0001, std=0.0067, min=-0.0186, max=0.0106
Market regime: sideways
Recent filing/news:
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(2) Refer to “Liquidity and Capital Resources” for additional information regarding the company’s authorized stock repurchase program. Item 5. Other Information Rule 10b5-1 Plan Elections During the three months ended September 30, 2025, none of our directors or executive officers adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement, as such terms are defined in Item 408 of Regulation S-K. 47 Table of Contents Item 6. Exhibits Exhibit Index Exhibit Number Description 4.1 Fourth Supplemental Indenture, dated as of August 13, 2025, among Chevron U.S.A. Inc., Chevron Corporation, as guarantor, and Deutsche Bank Trust Company Americas, as trustee, filed as Exhibit 4. 2 to Chevron Corporation’s Current Report on Form 8-K filed August 13, 2025, and incorporated herein by reference . 4.2 Forms of 3.950% Notes Due 2027, 4.050% Notes Due 2028, Floating Rate Notes Due 2028-B, 4.300% Notes Due 2030, Floating Rate Notes due 2030, 4.500% Notes Due 2032 and 4.850% Notes Due 2035, contained in Exhibit 4.2 to Chevron Corporation’s Current Report on Form 8-K filed August 13, 2025, and incorporated herein by reference . 10.1+* Aircraft Time-Sharing Agreement, dated as of February 24, 2015, between Hess Corporation and John B. Hess. 10.2* Transition Services Agreement, dated as of July 14, 2025, between Chevron U.S.A. Inc. and HFO Holdings LLC . 10.3* Amendment One to Transition Services Agreement, dated as of August 27, 2025, between Chevron U.S.A. Inc. and HFO Holdings LLC . 10.4* Membership Interest Purchase Agreement, dated as of September 10, 2025, between Hess Corporation and JBH Ventures, LLC . 31.1* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Executive Officer 31.2* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Financial Officer 32.1** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Executive Officer 32.2** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Financial Officer 101* Interactive data files (formatted as Inline XBRL) 104* Cover Page Interactive Data File (contained in Exhibit 101) ____________________________________________ + Indicates a management contract or compensatory plan or arrangement. *    Filed herewith. **     Furnished herewith. 48 Table of Contents SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   C HEVRON C ORPORATION (R EGISTRANT ) / S /   A LANA K. K NOWLES Alana K. Knowles, Vice President and Controller (Principal Accounting Officer and Duly Authorized Officer) Date: November 6, 2025 49

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for EFA. Express as a decimal (e.g., -0.02).

Answer: -0.0108

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0108 (i.e., on a bad day with 5% probability, the loss exceeds 1.08%). CVaR(95%) = -0.0150.


VNQ: 60-day return history, mean=-0.0001, std=0.0136.

Question:
Asset: VNQ
Daily returns (past 60 days): mean=-0.0001, std=0.0136, min=-0.0339, max=0.0322
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for VNQ. Express as a decimal (e.g., -0.02).

Answer: -0.0266

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0266 (i.e., on a bad day with 5% probability, the loss exceeds 2.66%). CVaR(95%) = -0.0315.


BTC-USD: 60-day return history, mean=-0.0005, std=0.0151.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=-0.0005, std=0.0151, min=-0.0404, max=0.0396
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for BTC-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0294

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0294 (i.e., on a bad day with 5% probability, the loss exceeds 2.94%). CVaR(95%) = -0.0355.


REZ: 60-day return history, mean=0.0000, std=0.0084.

Question:
Asset: REZ
Daily returns (past 60 days): mean=0.0000, std=0.0084, min=-0.0246, max=0.0166
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for REZ. Express as a decimal (e.g., -0.02).

Answer: -0.0116

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0116 (i.e., on a bad day with 5% probability, the loss exceeds 1.16%). CVaR(95%) = -0.0209.


XLE: 60-day return history, mean=0.0004, std=0.0105.

Question:
Asset: XLE
Daily returns (past 60 days): mean=0.0004, std=0.0105, min=-0.0294, max=0.0202
Market regime: bull
Recent filing/news:
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ko:InternationalMember 2024-06-29 2024-09-27 0000021344 ko:Co [...TRUNCATED...] ;30, 1991, between Coca-Cola Refreshments USA, Inc. and Deutsche Bank Trust Company Americas, as trustee — incorporated herein by reference to Exhibit 4.01 to Coca-Cola Refreshments USA, Inc.’s Current Report on Form 8-K dated January 29, 1992. 4.49 Second Supplemental Indenture, dated as of June 22, 2017, to the Indenture, dated as of July 30, 1991, as amended, among Coca-Cola Refreshments USA, Inc., the Company and Deutsche Bank Trust Company Americas, as trustee — incorporated herein by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on June 23, 2017. 4.50 Third Supplemental Indenture, dated as of July 5, 2017, to the Indenture, dated as of July 30, 1991, as amended, among Coca-Cola Refreshments USA, Inc., the Company and Deutsche Bank Trust Company Americas, as trustee — incorporated herein by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on July 6, 2017. 10.1 Letter, dated July 17, 2025, from the Company to Luisa Ortega. 31.1 Rule 13a-14(a)/15d-14(a) Certification, executed by James Quincey, Chairman of the Board of Directors and Chief Executive Officer of The Coca-Cola Company. 31.2 Rule 13a-14(a)/15d-14(a) Certification, executed by John Murphy, President and Chief Financial Officer of The Coca-Cola Company. 32.1 Certifications required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. Section 1350), executed by James Quincey, Chairman of the Board of Directors and Chief Executive Officer of The Coca-Cola Company, and by John Murphy, President and Chief Financial Officer of The Coca-Cola Company. 101 The following financial information from The Coca-Cola Company’s Quarterly Report on Form 10-Q for the quarter ended September 26, 2025, formatted in iXBRL (Inline Extensible Business Reporting Language): (i) Consolidated Statements of Income for the three and nine months ended September 26, 2025 and September 27, 2024; (ii) Consolidated Statements of Comprehensive Income for the three and nine months ended September 26, 2025 and September 27, 2024; (iii) Consolidated Balance Sheets as of September 26, 2025 and December 31, 2024; (iv) Consolidated Statements of Cash Flows for the nine months ended September 26, 2025 and September 27, 2024; and (v) Notes to Consolidated Financial Statements. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document and included in Exhibit 101). 57 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.     THE COCA-COLA COMPANY (Registrant) /s/ ERIN L. MAY Date: October 23, 2025 Erin L. May Senior Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer) 58

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLE. Express as a decimal (e.g., -0.02).

Answer: -0.0188

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0188 (i.e., on a bad day with 5% probability, the loss exceeds 1.88%). CVaR(95%) = -0.0238.


ADA-USD: 60-day return history, mean=-0.0069, std=0.0442.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0069, std=0.0442, min=-0.1761, max=0.1097
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ADA-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0622

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0622 (i.e., on a bad day with 5% probability, the loss exceeds 6.22%). CVaR(95%) = -0.1130.


BNB-USD: 60-day return history, mean=0.0019, std=0.0205.

Question:
Asset: BNB-USD
Daily returns (past 60 days): mean=0.0019, std=0.0205, min=-0.0649, max=0.0608
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for BNB-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0266

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0266 (i.e., on a bad day with 5% probability, the loss exceeds 2.66%). CVaR(95%) = -0.0475.


VCIT: 60-day return history, mean=-0.0002, std=0.0034.

Question:
Asset: VCIT
Daily returns (past 60 days): mean=-0.0002, std=0.0034, min=-0.0100, max=0.0094
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for VCIT. Express as a decimal (e.g., -0.02).

Answer: -0.0059

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0059 (i.e., on a bad day with 5% probability, the loss exceeds 0.59%). CVaR(95%) = -0.0081.


DOT-USD: 60-day return history, mean=-0.0064, std=0.0541.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=-0.0064, std=0.0541, min=-0.1989, max=0.2170
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for DOT-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0675

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0675 (i.e., on a bad day with 5% probability, the loss exceeds 6.75%). CVaR(95%) = -0.1369.


IGOV: 60-day return history, mean=-0.0002, std=0.0052.

Question:
Asset: IGOV
Daily returns (past 60 days): mean=-0.0002, std=0.0052, min=-0.0100, max=0.0139
Market regime: bull

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for IGOV. Express as a decimal (e.g., -0.02).

Answer: -0.0085

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0085 (i.e., on a bad day with 5% probability, the loss exceeds 0.85%). CVaR(95%) = -0.0095.


QUAL: 59-day return history, mean=-0.0002, std=0.0073.

Question:
Asset: QUAL
Daily returns (past 59 days): mean=-0.0002, std=0.0073, min=-0.0265, max=0.0158
Market regime: sideways
Recent filing/news:
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Form 10-K Summary Not Applicable. 85 Signatures Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February 26, 2025. NVIDIA Corporation By: /s/ Jen-Hsun Huang    Jen-Hsun Huang   President and Chief Executive Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Jen-Hsun Huang and Colette M. Kress, and each or any one of them, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this report, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-facts and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitutes or substitutes, may lawfully do or cause to be done by virtue hereof. 86 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Signature Title Date /s/ JEN-HSUN HUANG  President, Chief Executive Officer and Director (Principal Executive Officer) February 26, 2025 Jen-Hsun Huang   /s/ COLETTE M. KRESS  Executive Vice President and Chief Financial Officer (Principal Financial Officer) February 26, 2025 Colette M. Kress   /s/ DONALD ROBERTSON Vice President and Chief Accounting Officer (Principal Accounting Officer) February 26, 2025 Donald Robertson /s/ ROBERT K. BURGESS Director February 26, 2025 Robert K. Burgess /s/ TENCH COXE   Director February 26, 2025 Tench Coxe    /s/ JOHN O. DABIRI Director February 26, 2025 John O. Dabiri   /s/ PERSIS S. DRELL Director February 26, 2025 Persis S. Drell /s/ DAWN HUDSON Director February 26, 2025 Dawn Hudson /s/ HARVEY C. JONES  Director February 26, 2025 Harvey C. Jones   /s/ MELISSA B. LORA Director February 26, 2025 Melissa B. Lora /s/ STEPHEN C. NEAL Director February 26, 2025 Stephen C. Neal /s/ ELLEN OCHOA Director February 26, 2025 Ellen Ochoa /s/ A. BROOKE SEAWELL Director February 26, 2025 A. Brooke Seawell  /s/ AARTI SHAH Director February 26, 2025 Aarti Shah /s/ MARK A. STEVENS Director February 26, 2025 Mark A. Stevens    87

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for QUAL. Express as a decimal (e.g., -0.02).

Answer: -0.0112

Explanation: Historical simulation VaR at 95%: sort the 59 daily returns and take the 5th percentile. VaR(95%) = -0.0112 (i.e., on a bad day with 5% probability, the loss exceeds 1.12%). CVaR(95%) = -0.0194.


ETH-USD: 60-day return history, mean=0.0083, std=0.0377.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0083, std=0.0377, min=-0.0737, max=0.1560
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ETH-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0393

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0393 (i.e., on a bad day with 5% probability, the loss exceeds 3.93%). CVaR(95%) = -0.0564.


XLK: 60-day return history, mean=0.0002, std=0.0126.

Question:
Asset: XLK
Daily returns (past 60 days): mean=0.0002, std=0.0126, min=-0.0328, max=0.0281
Market regime: sideways
Recent filing/news:
[SEC 10-Q WMT 2024-12-06] wmt-20241031 0000104169 1/31 2025 Q3 false 451 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:JPY wmt:state wmt:county wmt:defendant wmt:case wmt:classAction wmt:securitiesClassAction wmt:shareholder wmt:derivativeAction wmt:pharmacist wmt:segment 0000104169 2024-02-01 2024-10-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2024-02-01 2024-10-31 0000104169 wmt:A2.550NotesDue2026Member 2024-02-01 2024-10-31 0000104169 wmt:A1050NotesDue2026Member 2024-02-01 2024-10-31 0000104169 wmt:A1500NotesDue2028Member 2024-02-01 2024-10-31 0000104169 wmt:A4875NotesDue2029Member 2024-02-01 2024-10-31 0000104169 wmt:A5750NotesDue2030Member 2024-02-01 2024-10-31 0000104169 wmt:A1800NotesDue2031Member 2024-02-01 2024-10-31 0000104169 wmt:A5625NotesDue2034Member 2024-02-01 2024-10-31 0000104169 wmt:A5250NotesDue2035Member 2024-02-01 2024-10-31 0000104169 wmt:A4875NotesDue2039Member 2024-02-01 2024-10-31 0000104169 2024-12-04 0000104169 2024-08-01 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us-gaap:RetainedEarningsMember 2023-05-01 2023-07-31 0000104169 us-gaap:ParentMember 2023-05-01 2023-07-31 0000104169 us-gaap:NoncontrollingInterestMember 2023-05-01 2023-07-31 0000104169 2023-05-01 2023-07-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-05-01 2023-07-31 0000104169 us-gaap:CommonStockMember 2023-05-01 2023-07-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-05-01 2023-07-31 0000104169 us-gaap:CommonStockMember 2023-07-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-07-31 0000104169 us-gaap:RetainedEarningsMember 2023-07-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-31 0000104169 us-gaap:ParentMember 2023-07-31 0000104169 us-gaap:NoncontrollingInterestMember 2023-07-31 0000104169 2023-07-31 0000104169 us-gaap:RetainedEarningsMember 2023-08-01 2023-10-31 0000104169 us-gaap:ParentMember 2023-08-01 2023-10-31 0000104169 us-gaap:NoncontrollingInterestMember 2023-08-01 2023-10-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-08-01 2023-10-31 0000104169 us-gaap:Com [...TRUNCATED...] assumptions not being realized or other factors, the actual results relating to the subject matter of any forward-looking statement in this Quarterly Report on Form 10-Q may differ materially from the anticipated results expressed or implied in that forward-looking statement. The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report, and Walmart undertakes no obligation to update any such statements to reflect subsequent events or circumstances. 35 Table of Contents Item 6. Exhibits The following documents are filed as an exhibit to this Quarterly Report on Form 10-Q: Exhibit 3.1(a) Restated Certificate of Incorporation of the Company dated February 1, 2018 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 1, 2018 Exhibit 3.1(b) Certificate of Amendment to the Restated Certificate of Incorporation of the Company, effective February 23, 2024 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 23, 2024 Exhibit 3.2 Amended and Restated Bylaws of the Company dated November 10, 2022 are incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on November 16, 2022 Exhibit 31.1* Chief Executive Officer Section 302 Certification Exhibit 31.2* Chief Financial Officer Section 302 Certification Exhibit 32.1** Chief Executive Officer Section 906 Certification Exhibit 32.2** Chief Financial Officer Section 906 Certification Exhibit 99.1* Opioids-Related Litigation Case Citations and Currently Scheduled Trial Dates Exhibit 101.INS* Inline XBRL Instance Document Exhibit 101.SCH* Inline XBRL Taxonomy Extension Schema Document Exhibit 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document Exhibit 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document Exhibit 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document Exhibit 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document Exhibit 104 The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended October 31, 2024, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 36 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   WALMART INC. Date: December 6, 2024 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: December 6, 2024 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: December 6, 2024 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 37

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLK. Express as a decimal (e.g., -0.02).

Answer: -0.0222

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0222 (i.e., on a bad day with 5% probability, the loss exceeds 2.22%). CVaR(95%) = -0.0302.


AVAX-USD: 60-day return history, mean=0.0027, std=0.0473.

Question:
Asset: AVAX-USD
Daily returns (past 60 days): mean=0.0027, std=0.0473, min=-0.1139, max=0.1346
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for AVAX-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0585

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0585 (i.e., on a bad day with 5% probability, the loss exceeds 5.85%). CVaR(95%) = -0.0927.


BNB-USD: 60-day return history, mean=-0.0029, std=0.0402.

Question:
Asset: BNB-USD
Daily returns (past 60 days): mean=-0.0029, std=0.0402, min=-0.1186, max=0.1459
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for BNB-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0638

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0638 (i.e., on a bad day with 5% probability, the loss exceeds 6.38%). CVaR(95%) = -0.0893.


LINK-USD: 60-day return history, mean=-0.0053, std=0.0603.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=-0.0053, std=0.0603, min=-0.1701, max=0.1774
Market regime: bear
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for LINK-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0982

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0982 (i.e., on a bad day with 5% probability, the loss exceeds 9.82%). CVaR(95%) = -0.1432.


XLV: 60-day return history, mean=0.0017, std=0.0081.

Question:
Asset: XLV
Daily returns (past 60 days): mean=0.0017, std=0.0081, min=-0.0167, max=0.0244
Market regime: bull
Recent filing/news:
[SEC 10-Q CAT 2025-11-03] cat-20250930 0000018230 FALSE 12/31 2025 Q3 50 365 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure cat:group_president cat:segment 0000018230 2025-01-01 2025-09-30 0000018230 us-gaap:CommonStockMember 2025-01-01 2025-09-30 0000018230 cat:A5.3DebenturesDueSeptember152035Member 2025-01-01 2025-09-30 0000018230 2025-09-30 0000018230 cat:MachineryEnergyTransportationMember 2025-07-01 2025-09-30 0000018230 cat:MachineryEnergyTransportationMember 2024-07-01 2024-09-30 0000018230 cat:FinancialProductsMember 2025-07-01 2025-09-30 0000018230 cat:FinancialProductsMember 2024-07-01 2024-09-30 0000018230 2025-07-01 2025-09-30 0000018230 2024-07-01 2024-09-30 0000018230 cat:AllOtherExcludingFinancialProductsMember 2025-07-01 2025-09-30 0000018230 cat:AllOtherExcludingFinancialProductsMember 2024-07-01 2024-09-30 0000018230 cat:MachineryEnergyTransportationMember 2025-01-01 2025-09-30 0000018230 cat:MachineryEnergyTransportationMember 2024-01-01 2024-09-30 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0000018230 us-gaap:DesignatedAsHedgingInstrumentMember 2025-09-30 0000018230 us-gaap:DesignatedAsHedgingInstrumentMe [...TRUNCATED...] rrent Report on Form 8-K filed September 3, 2025) 10.11 CIF LUX Local Currency Addendum to the Fourth Amended and Restated Credit Agreement (Five-Year Facility) (incorporated by reference from Exhibit 10.11 to the Company's Current Report on Form 8-K filed September 3, 2025) 10.12 Japan Local Currency Addendum to the Fourth Amended and Restated Credit Agreement (Five-Year Facility) (incorporated by reference from Exhibit 10.12 to the Company's Current Report on Form 8-K filed September 3, 2025) 31.1 Certification of Chief Executive Officer of Caterpillar Inc., as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.2 Certification of Chief Financial Officer of Caterpillar Inc., as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32 Certification of Chief Executive Officer of Caterpillar Inc. and Chief Financial Officer of Caterpillar Inc., as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) 101.SCH   Inline XBRL Taxonomy Extension Schema Document 101.CAL   Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF   Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB   Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE   Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive File (embedded within the Inline XBRL document and included in Exhibit 101) The agreements and other documents filed as exhibits to this report are not intended to provide factual information or other disclosure other than with respect to the terms of the agreements or other documents themselves, and you should not rely on them for that purpose. In particular, any representations and warranties made by us in these agreements or other documents 81 Table of Contents were made solely within the specific context of the relevant agreement or document and may not describe the actual state of affairs as of the date they were made or at any other time. 82 Table of Contents SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       CATERPILLAR INC.               November 3, 2025 /s/ Joseph E. Creed Chief Executive Officer   Joseph E. Creed         November 3, 2025 /s/ Andrew R.J. Bonfield Chief Financial Officer   Andrew R.J. Bonfield               November 3, 2025 /s/ Derek Owens Chief Legal Officer and General Counsel   Derek Owens             November 3, 2025 /s/ William E. Schaupp Vice President and Chief Accounting Officer   William E. Schaupp   83

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLV. Express as a decimal (e.g., -0.02).

Answer: -0.0117

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0117 (i.e., on a bad day with 5% probability, the loss exceeds 1.17%). CVaR(95%) = -0.0152.


SHV: 60-day return history, mean=0.0002, std=0.0001.

Question:
Asset: SHV
Daily returns (past 60 days): mean=0.0002, std=0.0001, min=-0.0001, max=0.0005
Market regime: bull

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SHV. Express as a decimal (e.g., -0.02).

Answer: 0.0000

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = 0.0000 (i.e., on a bad day with 5% probability, the loss exceeds 0.00%). CVaR(95%) = -0.0000.


XLF: 60-day return history, mean=0.0001, std=0.0077.

Question:
Asset: XLF
Daily returns (past 60 days): mean=0.0001, std=0.0077, min=-0.0220, max=0.0164
Market regime: bull
Recent filing/news:
[Kaggle 2025-09-05] ["Trump Warns of \u2018Fairly Substantial\u2019 Tariff on Semiconductors. What It Means for Chip Stocks. President Donald Trump said a tariff on imports of chips is coming \u201cvery shortly\u201d for companies that aren\u2019t shifting production to the U.S.", "Inside eBay\u2019s Quest to Become an AI Leader How the 30-year-old e-commerce giant is going all-in on artificial intelligence, hoping the technology can help it update its image and beat mounting competition.", "Trump Basks in Tech Leaders\u2019 Spending Vows at White House Dinner (Bloomberg) \u2014 Meta Platforms Inc.\u2019s (META) Mark Zuckerberg and Apple Inc.\u2019s (AAPL) Tim Cook joined tech industry leaders in touting their pledges to boost spending in the US on artificial intelligence during a dinner hosted by President Donald Trump that highlighted his deepening relationship with Silicon Valley. Most Read from Bloomberg One of World\u2019s Most Liveable Cities Ends Euro-a-Day Travel Pass Chicago\u2019s Citadel Center for Sale 3 Years After Miami Move Philadelphia Transit Cuts Portend \u2018Mayhem\u2019 for Commutes and Regional Economy One-Way Streets Are the Wrong Way to Tame Downtown Traffic Self-Driving Cars Take a Turn Toward the Villainous, in Movies and Real Life In his opening remarks, Trump addressed a key concern of tech companies: ensuring there\u2019s enough energy to meet surging power demands from the data centers behind the AI boom. \u201cWe\u2019re making it very easy for you in terms of electric capacity and getting it for you, getting your permits,\u201d Trump said in the White House State Dining Room. \u201cWe\u2019re leading China by a lot, by a really, by a great amount.\u201d Thursday\u2019s dinner marked a rare gathering in Washington of top executives and founders from some of the world\u2019s most valuable tech companies \u2014 all vying for an edge in the emerging field of AI. Attendees also included OpenAI Inc.\u2019s (OPAI.PVT) Sam Altman, Alphabet Inc.\u2019s (GOOG, GOOGL) Sundar Pichai and co-founder Sergey Brin, and Microsoft Corp.\u2019s (MSFT) Satya Nadella and Bill Gates. The president went around the table asking executives to talk about their plans. Corporate leaders took turns highlighting their efforts to expand in the US, with each expressing gratitude for administration policies they see as bolstering efforts to advance AI. Trump asked Zuckerberg to speak first. \u201cAll of the companies here are building, just making huge investments in the country in order to build out data centers and infrastructure to power the next wave of innovation,\u201d the Meta CEO told Trump. Pressed by the president on how much his company was investing, Zuckerberg said \u201cat least $600 billion\u201d through 2028. \u201cThat\u2019s a lot,\u201d Trump said. In recent days, the president has touted a massive data center Meta is building in Louisiana that will cost $50 billion. Trump has drawn tech executives into his orbit with an agenda aimed at lowering tax

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLF. Express as a decimal (e.g., -0.02).

Answer: -0.0116

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0116 (i.e., on a bad day with 5% probability, the loss exceeds 1.16%). CVaR(95%) = -0.0197.


ICSH: 60-day return history, mean=0.0002, std=0.0003.

Question:
Asset: ICSH
Daily returns (past 60 days): mean=0.0002, std=0.0003, min=-0.0006, max=0.0008
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ICSH. Express as a decimal (e.g., -0.02).

Answer: -0.0002

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0002 (i.e., on a bad day with 5% probability, the loss exceeds 0.02%). CVaR(95%) = -0.0005.


VNQI: 60-day return history, mean=0.0009, std=0.0096.

Question:
Asset: VNQI
Daily returns (past 60 days): mean=0.0009, std=0.0096, min=-0.0251, max=0.0246
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for VNQI. Express as a decimal (e.g., -0.02).

Answer: -0.0140

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0140 (i.e., on a bad day with 5% probability, the loss exceeds 1.40%). CVaR(95%) = -0.0218.