TFC Holds 187,031 Shares of Macquarie ETF Trust; 14.39% Ownership

Rhea-AI Filing Summary

Truist Financial Corporation reported beneficial ownership of 187,031 shares of the Macquarie ETF Trust exchange-traded fund, representing 14.39% of the class as of the 09/30/2025 reporting event. The filing states Truist holds sole dispositive power over those 187,031 shares but discloses no sole or shared voting power. The statement classifies the filer as an investment adviser (IA) and a parent holding company (HC) for Truist Advisory Services, Inc., and includes a certification that the shares were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Material economic stake: beneficial ownership of 187,031 shares representing 14.39%
• Sole dispositive power: Truist can direct disposition of all 187,031 shares, giving economic control over the position

Negative

• No voting power: reports 0 sole and 0 shared voting power, limiting formal governance influence
• Passive intent declared: certification states holdings are "not for the purpose of or with the effect of changing or influencing the control," so position may be less actionable for strategic influence

Insights

Institutional Ownership Analyst

Large economic stake but no voting control reported.

Truist reports beneficial ownership of 187,031 shares, equal to 14.39% of the ETF class on 09/30/2025. The filing specifies sole dispositive power with zero voting power, which means Truist can direct the sale or purchase of these shares but does not record the ability to vote them on fund matters.

This split between economic control and voting power affects how market participants interpret Truist's influence: the position is materially large for an ETF holding but may not translate into governance influence. Watch for any future amendments that change voting power or disclose the accounts on whose behalf the shares are held, typically within weeks if discretionary arrangements change.

Regulatory Compliance Specialist

Filing aligns with passive/higher-threshold reporting rules.

The Schedule 13G format and the certification indicate the position is held in the ordinary course and not for the purpose of influencing control, consistent with passive investor reporting under the Exchange Act. The filer is identified as an IA and HC, and the report marks several items as "Not Applicable," including group membership and subsidiaries.

Investors should note the precise 187,031 share count and the 14.39% stake when assessing concentration. Any change in intent or acquisition that suggests influence would require conversion to Schedule 13D and faster disclosure timelines, so monitor filings over the next 30-90 days for amendments.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Macquarie ETF Trust

(Name of Issuer)

Exchange Traded Fund

(Title of Class of Securities)

555927508

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 555927508

1

Names of Reporting Persons

TRUIST FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 187,031.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

187,031.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.4 %

12

Type of Reporting Person (See Instructions)

IA, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Macquarie ETF Trust
(b)	Address of issuer's principal executive offices: 100 INDEPENDENCE, 610 MARKET STREET, PHILADELPHIA, PENNSYLVANIA, 19106.
Item 2.
(a)	Name of person filing: Truist Financial Corporation as Parent Holding Company for Truist Advisory Services, Inc. an affiliated Registered Investment Advisor
(b)	Address or principal business office or, if none, residence: 214 North Tryon Street Charlotte, NC 28202
(c)	Citizenship: Truist Financial Corporation is a North Carolina Corporation; Truist Advisory Services, Inc. is a Delaware Corporation
(d)	Title of class of securities: Exchange Traded Fund
(e)	CUSIP No.: 555927508
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 187,031
(b)	Percent of class: 14.39 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 187,031
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TRUIST FINANCIAL CORP

Signature:	Caroline D. Hoang
Name/Title:	Assistant Vice President
Date:	10/06/2025

FAQ

What stake did Truist Financial (TFC) report in the Macquarie ETF Trust?

Truist reported beneficial ownership of 187,031 shares, equal to 14.39% of the class as of 09/30/2025.

Does Truist (TFC) have voting control over the reported ETF shares?

No. The filing discloses 0 sole voting power and 0 shared voting power, though it reports sole dispositive power to dispose of the shares.

How does Truist classify its role in the filing?

The filing identifies Truist as an investment adviser (IA) and a parent holding company (HC) for Truist Advisory Services, Inc.

Was the position acquired to influence control of the issuer?

According to the certification, the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Will a change in intent require a different filing?

Yes. If the holder acquires the position with intent to influence control, the filer must convert to a Schedule 13D and disclose material changes on an accelerated timetable.