# EDGAR Filing Document

**Accession Number:** 0001113229
**File Stem:** 0000894189-26-016402
**Filing Date:** 2026-5
**Character Count:** 23242
**Document Hash:** 9d3d6887cc4add343747d5a1717d7626
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016402.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000894189-26-016402

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KINETICS PORTFOLIOS TRUST
- **CENTRAL INDEX KEY:** 0001113229

**ORGANIZATION NAME:**
- **EIN:** 223723753
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09923
- **FILM NUMBER:** 261036724

**BUSINESS ADDRESS:**
- **STREET 1:** 470 PARK AVENUE SOUTH
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 9147036904

**MAIL ADDRESS:**
- **STREET 1:** 470 PARK AVENUE SOUTH
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

## Series and Classes Contracts Data

### Kinetics Multi-Disciplinary Income Portfolio (Series ID: S000021885)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000062762 | Kinetics Multi-Disciplinary Income Portfolio |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Kinetics Multi-Disciplinary Portfolio** | **Kinetics Multi-Disciplinary Portfolio** | **Kinetics Multi-Disciplinary Portfolio** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COLLATERALIZED LOAN OBLIGATIONS - 90.3%** | **Par**  | **Value**  |
|  Abry Liquid Credit CLO, Series 2025-1A, Class A2, 5.47% (3 mo. Term SOFR + 1.65%), 10/20/2038 <sup>(a)</sup> | 530000 | $530509 |
|  Apex Credit CLO Ltd., Series 2021-1A, Class BR, 5.52% (3 mo. Term SOFR + 1.85%), 07/18/2034 <sup>(a)</sup> | 800000 | 799682 |
|  ArrowMark Colorado Holdings LLC, Series 2013-1A, Class BR3, 5.57% (3 mo. Term SOFR + 1.90%), 07/25/2038 <sup>(a)</sup> | 750000 | 752051 |
|  Atlantic Avenue Ltd., Series 2023-1A, Class BR, 5.47% (3 mo. Term SOFR + 1.80%), 01/15/2039 <sup>(a)</sup> | 750000 | 749981 |
|  Atlas Senior Loan Fund Ltd., Series 2019-14A, Class BR, 5.88% (3 mo. Term SOFR + 2.21%), 07/20/2032 <sup>(a)</sup> | 500000 | 500407 |
|  Battery Park CLO, Series 2022-1A, Class AR, 5.17% (3 mo. Term SOFR + 1.50%), 10/20/2037 <sup>(a)</sup> | 500000 | 500702 |
|  Black Diamond CLO Ltd., Series 2022-1A, Class BR, 5.41% (3 mo. Term SOFR + 1.75%), 04/25/2039 <sup>(a)</sup> | 750000 | 747653 |
| BlueMountain CLO Ltd. | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. |
| &nbsp;&nbsp; Series 2021-33A, Class BR, 5.37% (3 mo. Term SOFR + 1.70%), 10/20/2038 <sup>(a)</sup> | 750000 | 749016 |
| &nbsp;&nbsp; Series 2022-35A, Class BR, 5.52% (3 mo. Term SOFR + 1.85%), 10/22/2037 <sup>(a)</sup> | 500000 | 500658 |
| Brant Point CLO Ltd. | Brant Point CLO Ltd. | Brant Point CLO Ltd. |
| &nbsp;&nbsp; Series 2024-4A, Class B, 5.62% (3 mo. Term SOFR + 1.95%), 07/20/2037 <sup>(a)</sup> | 1000000 | 1001234 |
| &nbsp;&nbsp; Series 2024-6A, Class A2, 5.30% (3 mo. Term SOFR + 1.63%), 01/15/2038 <sup>(a)</sup> | 500000 | 499989 |
|  CIFC Funding Ltd., Series 2021-6A, Class B, 5.58% (3 mo. Term SOFR + 1.91%), 10/15/2034 <sup>(a)</sup> | 500000 | 500225 |
|  Eaton Vance Management, Series 2013-1A, Class BR4, 5.42% (3 mo. Term SOFR + 1.75%), 10/15/2038 <sup>(a)</sup> | 750000 | 749529 |
|  Eldridge CLO Ltd., Series 2025-1A, Class B, 5.57% (3 mo. Term SOFR + 1.65%), 10/20/2038 <sup>(a)</sup> | 500000 | 499277 |
|  Fort Washington CLO, Series 2019-1A, Class BR2, 5.57% (3 mo. Term SOFR + 1.90%), 10/20/2037 <sup>(a)</sup> | 500000 | 500864 |
|  Halsey Point CLO Ltd., Series 2021-4A, Class B, 5.68% (3 mo. Term SOFR + 2.01%), 04/20/2034 <sup>(a)</sup> | 475000 | 475342 |
|  Invesco CLO Ltd., Series 2022-3A, Class BR, 5.42% (3 mo. Term SOFR + 1.75%), 10/22/2037 <sup>(a)</sup> | 250000 | 249847 |
|  Madison Park Funding Ltd., Series 2020-47A, Class BR, 5.62% (3 mo. Term SOFR + 1.95%), 04/19/2037 <sup>(a)</sup> | 250000 | 250068 |
|  Man GLG US CLO, Series 2023-1A, Class A, 5.97% (3 mo. Term SOFR + 2.30%), 07/20/2035 <sup>(a)</sup> | 500000 | 500178 |
|  Mountain View CLO Ltd., Series 2019-2A, Class B1R, 5.82% (3 mo. Term SOFR + 2.15%), 07/15/2037 <sup>(a)</sup> | 450000 | 450421 |
|  Post CLO, Series 2023-1A, Class BR, 5.37% (3 mo. Term SOFR + 1.70%), 10/20/2038 <sup>(a)</sup> | 500000 | 499356 |
|  Sandstone Peak Ltd., Series 2023-1A, Class BR, 5.42% (3 mo. Term SOFR + 1.75%), 07/20/2038 <sup>(a)</sup> | 500000 | 499679 |
| Sound Point CLO Ltd. | Sound Point CLO Ltd. | Sound Point CLO Ltd. |
| &nbsp;&nbsp; Series 2023-1A, Class A2R, 5.37% (3 mo. Term SOFR + 1.70%), 07/26/2038 <sup>(a)</sup> | 600000 | 600747 |
| &nbsp;&nbsp; Series 2025-1RA, Class A2, 5.31% (3 mo. Term SOFR + 1.65%), 02/20/2038 <sup>(a)</sup> | 800000 | 800883 |
| Venture CDO Ltd. | Venture CDO Ltd. | Venture CDO Ltd. |
| &nbsp;&nbsp; Series 2013-15A, Class BR3, 5.80% (3 mo. Term SOFR + 2.13%), 07/15/2032 <sup>(a)</sup> | 250000 | 250108 |
| &nbsp;&nbsp; Series 2022-45A, Class BR, 5.57% (3 mo. Term SOFR + 1.90%), 07/20/2035 <sup>(a)</sup> | 625000 | 625558 |
| &nbsp;&nbsp; Series 2022-46A, Class A2R, 5.37% (3 mo. Term SOFR + 1.70%), 10/20/2037 <sup>(a)</sup> | 500000 | 500811 |
|  Voya CLO Ltd., Series 2019-4A, Class A2R, 5.28% (3 mo. Term SOFR + 1.61%), 01/15/2035 <sup>(a)</sup> | 430000 | 430053 |
|  Wind River CLO Ltd., Series 2023-1A, Class BR, 5.47% (3 mo. Term SOFR + 1.80%), 07/25/2038 <sup>(a)</sup> | 500000 | 499981 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $16,203,444) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $16,203,444) | 16214809 |
| **TOTAL INVESTMENTS - 90.3% (**Cost $16,203,444**)** | **TOTAL INVESTMENTS - 90.3% (**Cost $16,203,444**)** | 16214809 |
| Money Market Deposit Account - 8.7% <sup>(b)</sup> | Money Market Deposit Account - 8.7% <sup>(b)</sup> | 1554398 |
| Other Assets in Excess of Liabilities - 1.0% | Other Assets in Excess of Liabilities - 1.0% | 188145 |
|  |  | $17957352 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

LLC - Limited Liability Company <br> SOFR - Secured Overnight Financing Rate

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of March 31, 2026, the value of these securities total $16,214,809 or 90.3% of the Fund's net assets.

(b) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and
 is subject to change daily. The rate as of March 31, 2026 was 3.49%.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Kinetics Multi-Disciplinary Portfolio (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | $– | $16214809 | $– | $16214809 |
| Total Investments | $– | $16214809 | $– | $16214809 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Kinetics Portfolios Trust

- **b. Investment Company Act file number:** 811-09923

- **c. CIK number of Registrant:** 0001113229

- **d. LEI of Registrant:** 254900ZCVXM48Q9D2T43

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 470 Park Avenue South

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10016

  - **Telephone number:** 800-930-3828

**Item A.2. Information about the Series.**

- **a. Name of Series:** Kinetics Multi-Disciplinary Income Portfolio

- **b. EDGAR series identifier (if any):** S000021885

- **c. LEI of Series:** 2549002YWCPCQUOQXV90

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $18077245.11

**Total Liabilities:** $119883.19

**Net Assets:** $17957361.92

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2671.507418000000 | **1-Year:** 4797.631517000000 | **5-Year:** 581.017751000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000062762 | 0.90%                | 1.20%                | 1.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $26623.57                                  |
| Month 2  | $0.00                    | $-2378.97                                  |
| Month 3  | $0.00                    | $-39229.28                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                       | Title                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eaton Vance CDO Ltd        | Eaton Vance CLO 2013-1 Ltd        | CUSIP: 27830BCA0<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749529.00    | 4.17%             | 2038-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd           | Eldridge CLO 2025-1 Ltd           | CUSIP: 284913AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499277.00    | 2.78%             | 2038-10-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd          | Elevation CLO 2013-1 Ltd          | CUSIP: 28623FAN4<br>LEI: 549300D7IKXB86IQMC13 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752051.25    | 4.19%             | 2038-07-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Fort Washington CLO 2019-1 | Fort Washington CLO 2019-1        | CUSIP: 34918QBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500864.00    | 2.79%             | 2037-10-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO I, Ltd.    | HalseyPoint CLO 4 Ltd             | CUSIP: 40637LAC4<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $475341.53    | 2.65%             | 2034-04-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD            | Invesco CLO 2022-3 Ltd            | CUSIP: 46146VAQ2<br>LEI: 254900JVSF4JLNP9YV71 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $249847.00    | 1.39%             | 2037-10-22      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd   | Madison Park Funding XLVII Ltd    | CUSIP: 55820FAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250068.00    | 1.39%             | 2037-04-19      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Abry Liquid Credit CLO Ltd | Abry Liquid Credit CLO 2025-1 Ltd | CUSIP: 00383LAC4<br>LEI: 254900B1K4HLAH4DXD74 | Long             | ABS-CBDO         | CORP              | KY        |    530000 | PA      | $530509.33    | 2.95%             | 2038-10-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Apex Credit CLO LLC        | Apex Credit Clo 2021 Ltd          | CUSIP: 03754CAS4<br>LEI: 549300PKXRJW5V5VW357 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $799681.60    | 4.45%             | 2034-07-18      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Atlantic Avenue Ltd        | Atlantic Avenue 2023-1 Ltd        | CUSIP: 04822FAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749981.25    | 4.18%             | 2039-01-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD | Atlas Senior Loan Fund XIV        | CUSIP: 04942CAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500407.00    | 2.79%             | 2032-07-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Battery Park CLO Ltd       | Battery Park CLO II Ltd           | CUSIP: 07134CAQ0<br>LEI: 549300H738INUT5W2X22 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500702.00    | 2.79%             | 2037-10-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd      | Black Diamond CLO 2022-1 Ltd      | CUSIP: 09203BBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $747653.25    | 4.16%             | 2039-04-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd       | BlueMountain CLO XXXIII Ltd       | CUSIP: 09630MAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749016.00    | 4.17%             | 2038-10-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd       | BlueMountain CLO XXXV Ltd         | CUSIP: 09631RAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500657.50    | 2.79%             | 2037-10-22      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd        | Brant Point CLO 2023-1 Ltd        | CUSIP: 104922AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    600000 | PA      | $600747.00    | 3.35%             | 2038-07-26      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd           | CIFC Funding 2021-VI Ltd          | CUSIP: 12553SAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500225.00    | 2.79%             | 2034-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd        | Brant Point Clo 2024-4 Ltd        | CUSIP: 835932AC8<br>LEI: 254900UXN7ENP4VJ9L26 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001234.00   | 5.58%             | 2037-07-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd        | Brant Point Clo 2024-6 Ltd        | CUSIP: 83617JAC3<br>LEI: 254900XHQ73AT2SOPY37 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499988.50    | 2.78%             | 2038-01-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Man Glg Us Clo 2018-2 Ltd  | MAN US CLO 2023-1 LTD             | CUSIP: 56166RAA0<br>LEI: 254900N9T03W7ZI61W42 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500178.50    | 2.79%             | 2035-07-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO          | Mountain View Clo XV Ltd          | CUSIP: 62432PAW2<br>LEI: 254900VKL64PZVEG4F33 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $450420.75    | 2.51%             | 2037-07-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD               | Post CLO 2023-1 Ltd               | CUSIP: 73743CAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499356.50    | 2.78%             | 2038-10-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Sand Trust                 | Sandstone Peak II Ltd             | CUSIP: 80013TAQ6<br>LEI: 254900ZRRTOYR8JJD593 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499679.00    | 2.78%             | 2038-07-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD        | Sound Point CLO 2025R-1 Ltd       | CUSIP: 83617EAE0<br>LEI: 25490031SR8APTVC6E71 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800883.20    | 4.46%             | 2038-02-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 7    | US BANK MMDA - USBGFS 7           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1659439 | NS      | $1659438.60   | 9.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture CDO Ltd            | Venture 46 Clo Ltd                | CUSIP: 92326CBC0<br>LEI: 549300O7L2XN74VSK595 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500811.00    | 2.79%             | 2037-10-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd            | Venture 45 Clo Ltd                | CUSIP: 92326GAW8<br>LEI: 549300ZDR5K71IXJ2M57 | Long             | ABS-CBDO         | CORP              | JE        |    625000 | PA      | $625558.13    | 3.48%             | 2035-07-20      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd            | Venture XV CLO Ltd                | CUSIP: 92328XBF5<br>LEI: 549300UYHZCJPN3LMT03 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250108.50    | 1.39%             | 2032-07-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd               | Voya CLO 2019-4 Ltd               | CUSIP: 92918BAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $430052.89    | 2.39%             | 2035-01-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd         | Wind River 2023-1 CLO Ltd         | CUSIP: 97316RAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499980.50    | 2.78%             | 2038-07-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Kinetics Portfolios Trust

**Signature:** /s/ Jay Kesslen

**Name of Signer:** Kinetics Portfolios Trust

**Title:** Vice President