# EDGAR Filing Document

**Accession Number:** 0000091847
**File Stem:** 0001145549-25-054727
**Filing Date:** 2025-8
**Character Count:** 57036
**Document Hash:** 83d7945b302e5afbd2a73a8ebf360e7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054727.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054727

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SOURCE CAPITAL /DE/
- **CENTRAL INDEX KEY:** 0000091847

**ORGANIZATION NAME:**
- **EIN:** 941679410
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01731
- **FILM NUMBER:** 251264365

**BUSINESS ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-385-5777

**MAIL ADDRESS:**
- **STREET 1:** 235 W. GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOURCE CAPITAL INC /DE/
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMC INVESTMENT CORP
- **DATE OF NAME CHANGE:** 19721123

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SOURCE CAPITAL /DE/

- **b. Investment Company Act file number:** 811-01731

- **c. CIK number of Registrant:** 0000091847

- **d. LEI of Registrant:** 9845005BC0508CFA5B64

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

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 626-385-5777

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

- **a. Name of Series:** Source Capital

- **c. LEI of Series:** 9845005BC0508CFA5B64

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $403915542.76

**Total Liabilities:** $25963258.86

**Net Assets:** $377952283.90

**Assets Attributable to Miscellaneous Securities:** $3150010.12

**Cash Not Reported:** $1809415.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 324.900405933000 | **1-Year:** 259.430405223075 | **5-Year:** 645.578678575345 | **10-Year:** 291.944746470719 | **30-Year:** 115.163022608861

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

- **3-Month:** 2.302281730350 | **1-Year:** 775.374862243849 | **5-Year:** 1869.591328650790 | **10-Year:** 511.297999139810 | **30-Year:** 437.317564905461

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.40%               | 3.96%                | 2.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $587978.46               | $-383725.12                                |
| Month 2  | $453980.49               | $9522772.36                                |
| Month 3  | $2193995.96              | $7422731.45                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SILVERVIEW CREDIT OP ONSHORE FUND LP   /       | SILVERVIEW CREDIT OP ONSHORE FUND LP   /              | CUSIP: 966LHXII8<br>LEI: N/A                  | Long             |  | PF                | US        |     35000 | OU      | $1616203.05   | 0.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MSD REAL ESTATE CREDIT OPPS FD   /             | MSD REAL ESTATE CREDIT OPPS FD   /                    | CUSIP: 966RVUII5<br>LEI: N/A                  | Long             |  | PF                | US        |     30000 | OU      | $3599489.84   | 0.95%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EPIC GAMES, INC. PRIVATE COMMON STOCK   /      | EPIC GAMES, INC. PRIVATE COMMON STOCK   /             | CUSIP: 966TDKII3<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4347 | NS      | $1156302.00   | 0.31%             |  |  |  | Yes           | 3                  | On Loan: No      |
| NEBARI NAT RES CREDIT FD I LP   /              | NEBARI NAT RES CREDIT FD I LP   /                     | CUSIP: 966ZTA002<br>LEI: N/A                  | Long             |  | PF                | US        |     55000 | OU      | $3183454.48   | 0.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Eurofins Scientific SE                         | Eurofins Scientific S.E.                              | CUSIP: 999999999<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     47135 | NS      | $3355918.72   | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortune Brands Innovations Inc                 | Fortune Brands Innovations, Inc.                      | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     36086 | NS      | $1857707.28   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferguson Enterprises Inc                       | Ferguson Enterprises, Inc.                            | CUSIP: G3421J106<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     22158 | NS      | $4824904.50   | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| FPS Holdco II LLC SOURCE   /                   | FPS Holdco II LLC SOURCE   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   8869515 | OU      | $8869514.56   | 2.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GREAT BRITAIN POUND  /                         | GREAT BRITAIN POUND  /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | GB        |         2 | OU      | $2.17         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Glencore PLC                                   | Glencore PLC                                          | CUSIP: 999999999<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    802359 | NS      | $3123527.97   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc                                   | Alphabet, Inc. - Class C                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     19721 | NS      | $3498308.19   | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc                                   | Alphabet, Inc. - Class A                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     31853 | NS      | $5613454.19   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Gulfport Energy Corp                           | Gulfport Energy Corp.                                 | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      2203 | NS      | $443177.51    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken Holding NV                            | Heineken Holding N.V.                                 | CUSIP: 999999999<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |     80538 | NS      | $6000740.37   | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim AG                                      | Holcim A.G.                                           | CUSIP: 999999999<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     53570 | NS      | $3976399.50   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace, Inc.                                | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      7586 | NS      | $1411982.18   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| ICON PLC                                       | ICON PLC                                              | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      8224 | NS      | $1196180.80   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| IFF                                            | International Flavors & Fragrances, Inc.              | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     77685 | NS      | $5713731.75   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| JDE Peet's NV                                  | JDE Peet's N.V.                                       | CUSIP: 999999999<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |    167093 | NS      | $4771273.79   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Jett Texas LLC SOURCE   /                      | Jett Texas LLC SOURCE   /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   6000000 | OU      | $6000000.00   | 1.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| JAPANESE YEN  /                                | JAPANESE YEN  /                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        |   3185766 | OU      | $22122.61     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPY SPOT FORWARD CONTRACT   /                  | JPY SPOT FORWARD CONTRACT   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | JP        |    919877 | OU      | $6387.81      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| VCP RRL ABS I, Ltd                             | VCP RRL ABS I Ltd.                                    | CUSIP: 92243RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    539926 | PA      | $505376.15    | 0.13%             | 2031-10-20      | Fixed         | 2.85%                 | Yes           | 2                  | On Loan: No      |
| VCP RRL ABS I, Ltd                             | VCP RRL ABS I Ltd.                                    | CUSIP: 92243RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1137333 | PA      | $1032261.21   | 0.27%             | 2031-10-20      | Fixed         | 5.42%                 | Yes           | 2                  | On Loan: No      |
| VORNADO REALTY LP                              | Vornado Realty LP                                     | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242812.50    | 0.06%             | 2026-06-01      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| PROP SERIES 2017 1A 5.30% 3/15/2042   /        | PROP SERIES 2017 1A 5.30% 3/15/2042   /               | CUSIP: 930RAXII5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    249638 | PA      | $225922.35    | 0.06%             | 2042-03-15      | Fixed         | 5.30%                 | Yes           | 3                  | On Loan: No      |
| CLOVER PRIVATE CRED    /                       | CLOVER PRIVATE CRED    /                              | CUSIP: 9353JY901<br>LEI: N/A                  | Long             |  | PF                | US        |     60000 | OU      | $6078419.66   | 1.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC   / | LEALAND FINANCE Co. B.V. SUPER SNR EXIT LC   /        | CUSIP: 935IFTII4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4296753 | PA      | $3652239.96   | 0.97%             | 2027-06-30      | Fixed         | 0.00%                 | Yes           | 3                  | On Loan: No      |
| LEALAND FINANCE Co. B.V. LETTER OF CREDIT   /  | LEALAND FINANCE Co. B.V. LETTER OF CREDIT   /         | CUSIP: 935IQZII8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    912667 | PA      | $657120.54    | 0.17%             | 2027-06-30      | Variable      | 8.55%                 | Yes           | 3                  | On Loan: No      |
| HIG WHITEHORSE DIR LEN 2020 LP   /             | HIG WHITEHORSE DIR LEN 2020 LP   /                    | CUSIP: 936JLN906<br>LEI: N/A                  | Long             |  | PF                | US        |     55000 | OU      | $5472856.01   | 1.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LEALAND FINANCE Co. B.V. SENIOR EXIT LC   /    | LEALAND FINANCE Co. B.V. SENIOR EXIT LC   /           | CUSIP: 589477088<br>LEI: N/A                  | Short            | LON              | CORP              | US        |  -1363749 | PA      | $-681874.54   | -0.18%            | 2027-06-30      | Fixed         | 0.00%                 | Yes           | 3                  | On Loan: No      |
| POST ROAD SPEC OPP FUND II LP   /              | POST ROAD SPEC OPP FUND II LP   /                     | CUSIP: 942FPU906<br>LEI: N/A                  | Long             |  | PF                | US        |     18000 | OU      | $1902115.60   | 0.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BLUE TORCH CRED OPP FUND II LP   /             | BLUE TORCH CRED OPP FUND II LP   /                    | CUSIP: 942JAU904<br>LEI: N/A                  | Long             |  | PF                | US        |     55000 | OU      | $4728211.00   | 1.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MSD PRIVATE CREDIT OPP FD 2 LP   /             | MSD PRIVATE CREDIT OPP FD 2 LP   /                    | CUSIP: 942KWF009<br>LEI: N/A                  | Long             |  | PF                | US        |     80000 | OU      | $9580478.19   | 2.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| METRO PARTNERS FUND VII, LP   /                | METRO PARTNERS FUND VII, LP   /                       | CUSIP: 942TKW907<br>LEI: N/A                  | Long             |  | PF                | US        |     80000 | OU      | $8754294.00   | 2.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PINEY LAKE OPPS FUND LP   /                    | PINEY LAKE OPPS FUND LP   /                           | CUSIP: 942XPN903<br>LEI: N/A                  | Long             |  | PF                | US        |     30000 | OU      | $3182681.79   | 0.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WAYFAIR INC                                    | Wayfair, Inc.                                         | CUSIP: 94419LAF8<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |    122000 | PA      | $115473.00    | 0.03%             | 2026-08-15      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| WAYFAIR INC                                    | Wayfair, Inc.                                         | CUSIP: 94419LAM3<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   3933000 | PA      | $3838608.00   | 1.02%             | 2025-10-01      | Fixed         | 0.62%                 | No            | 2                  | On Loan: No      |
| HLEND SENIOR NOTES DUE 3/15/2028   /           | HLEND SENIOR NOTES DUE 3/15/2028   /                  | CUSIP: 952JRDII2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3500000.00   | 0.93%             | 2028-03-15      | Fixed         | 8.17%                 | Yes           | 3                  | On Loan: No      |
| OAKTREE STRATEGIC CREDIT                       | Oaktree Strategic Credit Fund                         | CUSIP: 67403AAB5<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1741758.12   | 0.46%             | 2028-11-14      | Fixed         | 8.40%                 | No            | 2                  | On Loan: No      |
| Parliament CLO Ltd                             | Parliament Clo II Ltd.                                | CUSIP: 701631AD5<br>LEI: 5493009BTB3REE8RVW84 | Long             | ABS-CBDO         | CORP              | KY        |   1854000 | PA      | $1847891.07   | 0.49%             | 2032-08-20      | Floating      | 8.28%                 | Yes           | 2                  | On Loan: No      |
| PERSHING SQUARE TONT SHS   /                   | PERSHING SQUARE TONT SHS   /                          | CUSIP: 715ESC018<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14610 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Nintendo Co Ltd                                | Nintendo Co., Ltd.                                    | CUSIP: 999999999<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     39744 | NS      | $3830746.99   | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp.                                  | CUSIP: 808513AR6<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     75000 | PA      | $73218.75     | 0.02%             | 2069-10-31      | Variable      | 5.00%                 | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp.                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    549000 | PA      | $541697.37    | 0.14%             | 2069-06-01      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| TCP Whitney CLO LTD                            | TCP Waterman Clo LLC                                  | CUSIP: 87240GAG6<br>LEI: 549300YFKQJL35BDIM44 | Long             | ABS-CBDO         | CORP              | KY        |   1571000 | PA      | $1539869.06   | 0.41%             | 2033-08-20      | Floating      | 12.74%                | Yes           | 2                  | On Loan: No      |
| Mcdermott International Ltd                    | Mcdermott International Ltd.                          | CUSIP: G5924V148<br>LEI: 54930004RAXI4B3L4752 | Long             | EC               | CORP              | US        |     84956 | NS      | $1019476.03   | 0.27%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms, Inc. - Class A                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     10387 | NS      | $7666540.83   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Treasury Portfolio                       | MSILF Treasury Portfolio - Class Institutional        | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   1579215 | PA      | $1579215.47   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| MARIADB PLC                                    | MariaDB PLC                                           | CUSIP: G5920M118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     24015 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Vail Resorts Inc                               | Vail Resorts, Inc.                                    | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     18090 | NS      | $2842481.70   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| NOV Inc                                        | NOV, Inc.                                             | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    131668 | NS      | $1636633.24   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors NV                          | NXP Semiconductors N.V.                               | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     13587 | NS      | $2968623.63   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| OCREDIT BDC SENIOR NOTE DDTL   /               | OCREDIT BDC SENIOR NOTE DDTL   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    552000 | PA      | $552000.00    | 0.15%             | 2029-03-07      | Fixed         | 7.77%                 | Yes           | 3                  | On Loan: No      |
| PG&E Corp                                      | PG&E Corp.                                            | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      9047 | NS      | $126115.18    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| PHI Group Inc/DE                               | PHI Group, Inc.                                       | CUSIP: 69360B104<br>LEI: 5493002853B5XXHLIP12 | Long             | EC               | CORP              | US        |     84452 | NS      | $2069074.00   | 0.55%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Prosus NV                                      | Prosus N.V.                                           | CUSIP: 999999999<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     86481 | NS      | $4835967.81   | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                      | Safran S.A.                                           | CUSIP: 999999999<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     18432 | NS      | $5990562.85   | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| TE Connectivity PLC                            | TE Connectivity PLC                                   | CUSIP: H84989104<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | IE        |     50190 | NS      | $8465547.30   | 2.24%             |  |  |  | No            | 1                  | On Loan: No      |
| TIOGA PARTNERS IV LP    /                      | TIOGA PARTNERS IV LP    /                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  14000000 | OU      | $13866715.91  | 3.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ABPCI Direct Lending Fund ABS                  | ABPCI Direct Lending Fund ABS II LLC                  | CUSIP: 00090NAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2959461 | PA      | $2830997.13   | 0.75%             | 2032-03-01      | Fixed         | 8.24%                 | Yes           | 2                  | On Loan: No      |
| ABPCI Direct Lending Fund ABS                  | ABPCI Direct Lending Fund ABS I Ltd.                  | CUSIP: 00090TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223933 | PA      | $219761.31    | 0.06%             | 2030-12-29      | Fixed         | 3.20%                 | Yes           | 2                  | On Loan: No      |
| ABPCI Direct Lending Fund ABS                  | ABPCI Direct Lending Fund ABS I Ltd.                  | CUSIP: 00090TAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2262363 | PA      | $2220782.72   | 0.59%             | 2030-12-29      | Fixed         | 4.93%                 | Yes           | 2                  | On Loan: No      |
| LG Corp                                        | LG Corp.                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     41039 | NS      | $2420498.22   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| AIR CANADA 2020-1C PTT                         | Air Canada 2020-1 Class C Pass-Through Trust          | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1577055.00   | 0.42%             | 2026-07-15      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| ALTABA, Inc. ESCROW SHS ORD REG   /            | ALTABA, Inc. ESCROW SHS ORD REG   /                   | CUSIP: 021ESC017<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142220 | NS      | $163553.00    | 0.04%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Samsung C&T Corp                               | Samsung C&T Corp.                                     | CUSIP: 999999999<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     21370 | NS      | $2555659.45   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust 2021-VOLT                | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270134 | PA      | $1264178.78   | 0.33%             | 2036-09-15      | Floating      | 6.83%                 | Yes           | 2                  | On Loan: No      |
| Barings Middle Market CLO Ltd.                 | Barings Middle Market CLO Ltd. 2021-I                 | CUSIP: 06761EAA3<br>LEI: 549300NSFWDKJE15UK02 | Long             | ABS-CBDO         | CORP              | KY        |   1040000 | PA      | $1039864.80   | 0.28%             | 2033-07-20      | Floating      | 13.18%                | Yes           | 2                  | On Loan: No      |
| Diamond Infrastructure Funding                 | Diamond Infrastructure Funding LLC                    | CUSIP: 25265LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    384000 | PA      | $362583.17    | 0.10%             | 2049-04-15      | Fixed         | 3.48%                 | Yes           | 2                  | On Loan: No      |
| Diamond Issuer LLC                             | Diamond Issuer LLC                                    | CUSIP: 25267TAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $923770.00    | 0.24%             | 2051-11-20      | Fixed         | 3.79%                 | Yes           | 2                  | On Loan: No      |
| ECHOSTAR CORP                                  | EchoStar Corp.                                        | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    846895 | PA      | $997218.86    | 0.26%             | 2030-11-30      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| Elm Trust                                      | Elm 2020-4 Trust                                      | CUSIP: 28924AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320208 | PA      | $316055.94    | 0.08%             | 2029-10-20      | Fixed         | 3.87%                 | Yes           | 2                  | On Loan: No      |
| Elm Trust                                      | Elm 2020-3 Trust                                      | CUSIP: 289338AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14737 | PA      | $14614.91     | 0.00%             | 2029-08-20      | Fixed         | 2.95%                 | Yes           | 2                  | On Loan: No      |
| Elm Trust                                      | Elm 2020-3 Trust                                      | CUSIP: 289338AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39606 | PA      | $39105.58     | 0.01%             | 2029-08-20      | Fixed         | 4.48%                 | Yes           | 2                  | On Loan: No      |
| EVERGREEN ACQCO/TVI INC                        | Evergreen Acqco 1 LP / TVI, Inc.                      | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    408000 | PA      | $426768.00    | 0.11%             | 2028-04-26      | Fixed         | 9.75%                 | Yes           | 2                  | On Loan: No      |
| Fortress Credit Opportunities                  | Fortress Credit Opportunities IX CLO Ltd.             | CUSIP: 34961MAE7<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-CBDO         | CORP              | KY        |   5186000 | PA      | $5143682.24   | 1.36%             | 2033-10-15      | Floating      | 12.58%                | Yes           | 2                  | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                  | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    453000 | PA      | $452388.45    | 0.12%             | 2027-10-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Nexon Co Ltd                                   | Nexon Co., Ltd.                                       | CUSIP: 999999999<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |     81007 | NS      | $1636959.62   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Golub Capital Partners Funding                 | Golub Capital Partners ABS Funding 2020-1 Ltd.        | CUSIP: 38177UAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    545371 | PA      | $543081.86    | 0.14%             | 2029-01-22      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Golub Capital Partners Funding                 | Golub Capital Partners ABS Funding 2021-1 Ltd.        | CUSIP: 38178HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1111213 | PA      | $1100568.42   | 0.29%             | 2029-04-20      | Fixed         | 3.82%                 | Yes           | 2                  | On Loan: No      |
| Golub Capital Partners Funding                 | Golub Capital Partners ABS Funding 2021-2 Ltd.        | CUSIP: 38178XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2710405 | PA      | $2615467.37   | 0.69%             | 2029-10-19      | Fixed         | 3.99%                 | Yes           | 2                  | On Loan: No      |
| GULFPORT ENERGY Corp. CONV PFD Series A   /    | GULFPORT ENERGY Corp. CONV PFD Series A   /           | CUSIP: 402635601<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        21 | NS      | $26107.44     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| HPS CORPORATE LENDING FU                       | HPS Corporate Lending Fund                            | CUSIP: 40440VAF2<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    520000 | PA      | $536961.36    | 0.14%             | 2029-01-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| HRT DNT / HRT DNT FIN                          | Heartland Dental LLC / Heartland Dental Finance Corp. | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1796000 | PA      | $1895601.67   | 0.50%             | 2028-04-30      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Hotwire Funding LLC                            | Hotwire Funding LLC                                   | CUSIP: 44148JAC3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $731402.55    | 0.19%             | 2051-11-20      | Fixed         | 4.46%                 | Yes           | 2                  | On Loan: No      |
| Shiseido Co Ltd                                | Shiseido Co., Ltd.                                    | CUSIP: 999999999<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |     23300 | NS      | $416392.14    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Madison Avenue Trust                           | Eleven Madison Trust 2015-11MD Mortgage Trust         | CUSIP: 556227AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    344000 | PA      | $340626.80    | 0.09%             | 2035-09-10      | Variable      | 3.67%                 | Yes           | 2                  | On Loan: No      |
| MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP   / | MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP   /        | CUSIP: 58004K307<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |       186 | NS      | $2235.36      | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP   /  | MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP   /         | CUSIP: 58004K406<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     12869 | NS      | $154425.98    | 0.04%             |  |  |  | Yes           | 3                  | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                       | Midcap Financial Issuer Trust                         | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3466000 | PA      | $3422675.00   | 0.91%             | 2028-05-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Monroe Capital ABS Funding LTD                 | Monroe Capital ABS Funding 2021-1 Ltd.                | CUSIP: 610331AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    521264 | PA      | $514540.50    | 0.14%             | 2031-04-22      | Fixed         | 3.91%                 | Yes           | 2                  | On Loan: No      |
| VISION SOLUTIONS INC                           | Vision Solutions, Inc.                                | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     71944 | PA      | $68167.35     | 0.02%             | 2028-04-24      | Floating      | 8.54%                 | Yes           | 2                  | On Loan: No      |
| WH BORROWER LLC                                | WH Borrower LLC                                       | CUSIP: 92942LAG6<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |   1210000 | PA      | $1205970.70   | 0.32%             | 2032-02-20      | Floating      | 9.08%                 | Yes           | 2                  | On Loan: No      |
| DELIVERY HERO AG                               | Delivery Hero S.E.                                    | CUSIP: 999999999<br>LEI: 529900C3EX1FZGE48X78 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $106777.59    | 0.03%             | 2028-01-15      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| DELIVERY HERO AG                               | Delivery Hero S.E.                                    | CUSIP: ZL0636734<br>LEI: 529900C3EX1FZGE48X78 | Long             | DBT              | CORP              | DE        |   1200000 | PA      | $1346517.61   | 0.36%             | 2030-02-21      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| Citigroup Inc                                  | Citigroup, Inc.                                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     93914 | NS      | $7993959.68   | 2.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Castlelake Asset LP Based Private Credit   /   | Castlelake Asset LP Based Private Credit   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   3900000 | OU      | $3802275.00   | 1.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029   /    | CAPSTONE ACQ HLDGS BANK DEBT 11/12/2029   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2279540 | PA      | $2292205.19   | 0.61%             | 2029-11-12      | Variable      | 8.93%                 | Yes           | 3                  | On Loan: No      |
| Cie Financiere Richemont SA                    | Cie Financiere Richemont S.A.                         | CUSIP: 999999999<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     14586 | NS      | $2747167.86   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| CHF SPOT FORWARD CONTRACT   /                  | CHF SPOT FORWARD CONTRACT   /                         | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | CH        |   -530369 | OU      | $-668391.96   | -0.18%            |  |  |  | No            | 1                  | On Loan: No      |
| Charter Communications Inc                     | Charter Communications, Inc. - Class A                | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      5983 | NS      | $2445910.23   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corp                                   | Comcast Corp. - Class A                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    215600 | NS      | $7694764.00   | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Copper Property CTL Pass Throu                 | Copper Property CTL Pass-Through Trust                | CUSIP: 217519107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16058 | NS      | $198958.62    | 0.05%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Delta Commercial FUNDING LP 12/31/27   /       | Delta Commercial FUNDING LP 12/31/27   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3100000.00   | 0.82%             | 2027-12-31      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Delivery Hero SE                               | Delivery Hero S.E.                                    | CUSIP: 999999999<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |      8390 | NS      | $227021.20    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ELECTRIQ POWER HOLDINGS INC                    | Electriq Power Holdings, Inc.                         | CUSIP: 285046116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     31567 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| EQS Legacy Holdings Term Loan 3/27/2032   /    | EQS Legacy Holdings Term Loan 3/27/2032   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8575000 | PA      | $8575000.00   | 2.27%             | 2032-03-27      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| JPY SPOT FORWARD CONTRACT   /                  | JPY SPOT FORWARD CONTRACT   /                         | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | JP        | -17118490 | OU      | $-118874.28   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Kinder Morgan Inc                              | Kinder Morgan, Inc.                                   | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     70369 | NS      | $2068848.60   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| CarMax Inc                                     | CarMax, Inc.                                          | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23348 | NS      | $1569219.08   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Marriott International Inc/MD                  | Marriott International, Inc. - Class A                | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      8054 | NS      | $2200433.34   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| TREVIAN CAP DEBT FUND LP   /                   | TREVIAN CAP DEBT FUND LP   /                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   3000000 | OU      | $2981456.03   | 0.79%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Uber Technologies Inc                          | Uber Technologies, Inc.                               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      9488 | NS      | $885230.40    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Westinghouse Air Brake Technol                 | Westinghouse Air Brake Technologies Corp.             | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      7391 | NS      | $1547305.85   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Wells Fargo & Co                               | Wells Fargo & Co.                                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     36529 | NS      | $2926703.48   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Windstream Common    /                         | Windstream Common    /                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10312 | NS      | $175304.00    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| TIDEWATER INC                                  | Tidewater, Inc.                                       | CUSIP: U8859YAA5<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3168750.00   | 0.84%             | 2028-07-03      | Fixed         | 10.38%                | Yes           | 2                  | On Loan: No      |
| SILVERVIEW SPECIAL SIT LD ONSHORE LP   /       | SILVERVIEW SPECIAL SIT LD ONSHORE LP   /              | CUSIP: 967DPC901<br>LEI: N/A                  | Long             |  | PF                | US        |     48500 | OU      | $4568193.75   | 1.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TIDEWATER, Inc. Sr. SEC 11/16/26 8.5   /       | TIDEWATER, Inc. Sr. SEC 11/16/26 8.5   /              | CUSIP: ACI22L8Z7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9600000 | PA      | $9844800.00   | 2.60%             | 2026-11-16      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| Analog Devices Inc                             | Analog Devices, Inc.                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     37312 | NS      | $8881002.24   | 2.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Amrize Ltd                                     | Amrize Ltd.                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69135 | NS      | $3448472.97   | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com, Inc.                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     12523 | NS      | $2747420.97   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Aon PLC                                        | Aon PLC - Class A                                     | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |     13605 | NS      | $4853719.80   | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Apollo Debt Solution BDC Senior Notes   /      | APOLLO DEBT SOLUTION DELAYED DRAW TERM LO   /         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2333000 | PA      | $2333000.00   | 0.62%             | 2028-09-28      | Fixed         | 8.62%                 | Yes           | 3                  | On Loan: No      |
| Broadcom Inc                                   | Broadcom, Inc.                                        | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2245 | NS      | $618834.25    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Banner Commercial FUNDING LP 5/27/2028   /     | Banner Commercial FUNDING LP 5/27/2028   /            | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4666875.00   | 1.23%             | 2028-05-27      | Variable      | 10.81%                | Yes           | 3                  | On Loan: No      |
| BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP   /   | BH3 DEBT OPPORTUNITY FUND II-PARALLEL LP   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   2300000 | OU      | $2321171.00   | 0.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DELIVERY HERO AG                               | Delivery Hero S.E.                                    | CUSIP: 999999999<br>LEI: 529900C3EX1FZGE48X78 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $557289.43    | 0.15%             | 2027-01-23      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| JC PENNEY CORP INC                             | Copper Sub Corp., Inc.                                | CUSIP: 46611NAJ2<br>LEI: 8TDNUQ07MEFMWW1VHP39 | Long             | LON              | CORP              | US        |    462319 | PA      | $46.23        | 0.00%             | 2027-06-23      | Floating      | 5.57%                 | Yes           | 3                  | On Loan: No      |
| LEALAND FINANCE CO BV                          | Lealand Finance Co. B.V.                              | CUSIP: N5200EAB7<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1592183 | PA      | $700560.42    | 0.19%             | 2027-12-31      | Floating      | 8.44%                 | Yes           | 3                  | On Loan: No      |
| LEALAND FINANCE CO BV                          | Lealand Finance Co. B.V.                              | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    141927 | PA      | $78059.71     | 0.02%             | 2027-06-30      | Floating      | 7.44%                 | Yes           | 2                  | On Loan: No      |
| CORNERSTONE ONDEMAND INC                       | Cornerstone OnDemand, Inc.                            | CUSIP: 86803YAB9<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |     71955 | PA      | $67367.65     | 0.02%             | 2028-10-16      | Floating      | 8.31%                 | Yes           | 2                  | On Loan: No      |
| LEALAND REFICAR TERM LOAN   /                  | LEALAND REFICAR TERM LOAN   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     31128 | PA      | $25525.18     | 0.01%             | 2027-06-30      | Variable      | 12.06%                | Yes           | 3                  | On Loan: No      |
| Pernod Ricard SA                               | Pernod Ricard S.A.                                    | CUSIP: 999999999<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     22509 | NS      | $2243210.51   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| ROSS ACQUISITION CORP II -A                    | Ross Acquisition Corp. II                             | CUSIP: G7641C114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5878 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                           | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20100000 | PA      | $20013581.97  | 5.30%             | 2025-08-07      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                           | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19900000 | PA      | $19747207.80  | 5.22%             | 2025-09-04      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                           | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $17995842.50  | 4.76%             | 2025-07-03      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| VT TOPCO INC                                   | VT Topco, Inc.                                        | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    421000 | PA      | $447539.84    | 0.12%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Swire Pacific Ltd                              | Swire Pacific Ltd. - A Shares                         | CUSIP: Y83310105<br>LEI: 549300KZOZHII0DGF611 | Long             | EC               | CORP              | HK        |     60408 | NS      | $517508.03    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Coinstar Funding, LLC                          | Coinstar Funding LLC Series 2017-1                    | CUSIP: 19260MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2818880 | PA      | $2611408.46   | 0.69%             | 2047-04-25      | Fixed         | 5.22%                 | Yes           | 2                  | On Loan: No      |
| Cologix Data Centers Issuer LL                 | Cologix Data Centers U.S. Issuer LLC                  | CUSIP: 19521UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1765000 | PA      | $1713554.13   | 0.45%             | 2051-12-26      | Fixed         | 5.99%                 | Yes           | 2                  | On Loan: No      |
| CONSOLIDATED COMMUNICATI                       | Consolidated Communications, Inc.                     | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |   1272000 | PA      | $1296168.00   | 0.34%             | 2028-10-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-02

**Name of Applicant:** SOURCE CAPITAL /DE/

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President