# EDGAR Filing Document

**Accession Number:** 0001523289
**File Stem:** 0000910472-26-003455
**Filing Date:** 2026-2
**Character Count:** 94797
**Document Hash:** 257443d69ff24244ce343a35ab124a31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003455.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003455

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Destra Multi-Alternative Fund
- **CENTRAL INDEX KEY:** 0001523289

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22572
- **FILM NUMBER:** 26700279

**BUSINESS ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715
- **BUSINESS PHONE:** 877-855-3434

**MAIL ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Multi-Strategy Growth & Income Fund
- **DATE OF NAME CHANGE:** 20110614

## Nport-Ex

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **COMMON STOCKS – 18.8%** |  |
|  | **AEROSPACE & DEFENSE – 0.8%** |  |
| 922 | Axon Enterprise, Inc.<sup>(1)</sup> | $523632 |
| 2540 | Rocket Lab Corp.<sup>(1)</sup> | 177190 |
|  |  | 700822 |
|  | **ASSET MANAGEMENT – 0.6%** |  |
| 4861 | Etoro Group Ltd.<sup>(1)</sup> | 170767 |
| 9072 | Planet Labs PBC<sup>(1)</sup> | 178899 |
| 1447 | Robinhood Markets, Inc., Class A<sup>(1)</sup> | 163656 |
|  |  | 513322 |
|  | **BANKS – 0.9%** |  |
| 3550 | Bank of America Corp. | 195250 |
| 4221 | Citizens Financial Group, Inc. | 246549 |
| 1077 | JPMorgan Chase & Company | 347031 |
|  |  | 788830 |
|  | **BIOTECH & PHARMA – 1.5%** |  |
| 20768 | ADMA Biologics, Inc.<sup>(1)</sup> | 378808 |
| 1432 | Amgen, Inc. | 468708 |
| 298 | Madrigal Pharmaceuticals, Inc.<sup>(1)</sup> | 173537 |
| 3308 | Zoetis, Inc. | 416213 |
|  |  | 1437266 |
|  | **CHEMICALS – 0.4%** |  |
| 1314 | Ecolab, Inc. | 344951 |
|  | **COMMERCIAL SERVICES – 0.4%** |  |
| 4414 | Affirm Holdings, Inc., Class A<sup>(1)</sup> | 328534 |
|  | **COMPUTERS – 0.2%** |  |
| 2348 | Cognizant Technology Solutions Corp., Class A | 194884 |
|  | **DIVERSIFIED FINANCIAL SERVICES – 0.3%** |  |
| 658 | American Express Co. | 243427 |
|  | **E-COMMERCE DISCRETIONARY – 0.4%** |  |
| 4030 | eBay, Inc. | 351013 |
|  | **ELECTRIC – 1.0%** |  |
| 7866 | Carrier Global Corp. | 415639 |
| 4814 | NextEra Energy, Corp. | 386468 |
|  |  | 802107 |
|  | **ELECTRIC UTILITIES – 0.4%** |  |
| 3816 | Ameren Corp. | 381066 |
|  | **ELECTRICAL EQUIPMENT – 1.2%** |  |
| 3059 | Johnson Controls International PLC | 366315 |
| 821 | Rockwell Automation, Inc. | 319426 |
| 2701 | Vertiv Holdings Co., Class A | 437590 |
|  |  | 1123331 |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **COMMON STOCKS (continued)** |  |
|  | **FOOD – 0.4%** |  |
| 1205 | McDonald's Corp. | $368284 |
|  | **HEALTH CARE – PRODUCTS – 0.4%** |  |
| 1530 | Natera, Inc.<sup>(1)</sup> | 350508 |
|  | **INSTITUTIONAL FINANCIAL SERVICES – 0.4%** |  |
| 1483 | Cboe Global Markets, Inc. | 372233 |
|  | **INSURANCE – 1.0%** |  |
| 6376 | MetLife, Inc. | 503321 |
| 1626 | Travelers Companies, Inc. (The) | 471638 |
|  |  | 974959 |
|  | **INTERNET MEDIA & SERVICES – 0.6%** |  |
| 2584 | Reddit, Inc., Class A<sup>(1)</sup> | 593984 |
|  | **LEISURE FACILITIES & SERVICES – 1.0%** |  |
| 2178 | Darden Restaurants, Inc. | 400796 |
| 5956 | Shake Shack, Inc., Class A<sup>(1)</sup> | 483448 |
|  |  | 884244 |
|  | **MACHINERY: DIVERSIFIED – 0.3%** |  |
| 534 | Deere & Co. | 248614 |
|  | **MEDICAL EQUIPMENT & DEVICES – 0.2%** |  |
| 1530 | Glaukos Corp.<sup>(1)</sup> | 172752 |
|  | **PHARMACEUTICALS – 0.8%** |  |
| 2146 | AbbVie, Inc. | 490339 |
| 963 | Cardinal Health, Inc. | 197897 |
|  |  | 688236 |
|  | **RETAIL – 0.4%** |  |
| 2461 | TJX Companies, Inc. | 378034 |
|  | **SEMICONDUCTORS – 0.5%** |  |
| 1305 | Broadcom, Inc. | 451661 |
|  | **SOFTWARE – 2.7%** |  |
| 2525 | Cloudflare, Inc., Class A<sup>(1)</sup> | 497803 |
| 361 | Crowdstrike Holdings, Inc., Class A<sup>(1)</sup> | 169222 |
| 846 | Microsoft Corp. | 409143 |
| 9501 | Oddity Tech Ltd., Class A<sup>(1)</sup> | 381750 |
| 9373 | Onestream, Inc.<sup>(1)</sup> | 172276 |
| 1590 | Oracle Corp. | 309907 |
| 922 | Palantir Technologies, Inc., Class A<sup>(1)</sup> | 163886 |
| 22145 | Zeta Global Holdings Corp., Class A<sup>(1)</sup> | 450650 |
|  |  | 2554637 |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **COMMON STOCKS (continued)** |  |
|  | **TECHNOLOGY HARDWARE – 1.1%** |  |
| 6315 | Cisco Systems, Inc. | $486445 |
| 3575 | Corning, Inc. | 313027 |
| 1181 | Credo Technology Group Holding Ltd.<sup>(1)</sup> | 169934 |
|  |  | 969406 |
|  | **TECHNOLOGY SERVICES – 0.4%** |  |
| 1089 | International Business Machines Corp. | 322573 |
|  | **TELECOMMUNICATIONS – 0.5%** |  |
| 2019 | T-Mobile US, Inc. | 409938 |
|  | **TOTAL COMMON STOCKS**<br> (Cost $17,536,144) | **16949616** |
|  | **PRIVATE COMPANIES – 24.5%** |  |
| 798000 | AlwaysAI, Inc. - Senior Secured Promissory Note 12.00% 02/28/26<sup>(2),(3)</sup> | 798000 |
| 950000 | AlwaysAI, Inc., Convertible Debt 8.00% 05/31/26<sup>(2),(3)</sup> | 950000 |
| 2000000 | AlwaysAI, Inc., Convertible Debt 8.00% 01/31/26<sup>(2),(3)</sup> | 2000000 |
| 254113 | AlwaysAI, Inc., Series A-1 Preferred Stock<sup>(1),(2),(3)</sup> | 799871 |
| 490767 | AlwaysAI, Inc., Series B Preferred Stock<sup>(1),(2),(3)</sup> | 1764356 |
| 179641 | Clear Street Group Inc., Series B-1 Preferred Stock<sup>(1),(2),(3)</sup> | 2665872 |
| 332938 | Copia Wealth Studios Common Shares<sup>(1),(2),(3)</sup> | 797420 |
|  | Copia Wealth Studios, Inc.<sup>(1),(2),(3)</sup> | 1000000 |
| 1064396 | Copia Wealth Studios Series Seed-2 Preferred Shares<sup>(1),(2),(3)</sup> | 3445238 |
| 23723 | Eat Just, Inc., Series F Common Stock<sup>(1),(2),(3)</sup> | 437689 |
| 270367 | Home Services Champ, Inc., Common Stock (formerly GOSITE, Inc., Series A-1 Common Stock)<sup>(1),(2),(3)</sup> | 859767 |
| 1000000 | Iridia, Inc., Convertible Debt 8.00%10/27/29<sup>(2),(3)</sup> | 1000000 |
| 937500 | Iridia, Inc., Convertible Debt 8.00% 12/12/27<sup>(2),(3)</sup> | 997829 |
| 497216 | Iridia, Inc., Series A-3 Preferred Stock<sup>(1),(2),(3)</sup> | 750001 |
| 302525 | Nurture Life, Inc., Series B-1 Preferred Stock<sup>(1),(2),(3)</sup> | 550747 |
| 2085412 | Nurture Life, Inc., Series B-2 Preferred Stock<sup>(1),(2),(3)</sup> | 3286818 |
|  | **TOTAL PRIVATE COMPANIES** <br> (Cost $19,761,151) | **22103608** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **REAL ESTATE INVESTMENT TRUSTS – 13.7%** |  |
|  | **LISTED REAL ESTATE INVESTMENT TRUSTS – 2.3%** |  |
| 2984 | American Tower Corp., Class A | $523901 |
| 1971 | Digital Realty Trust, Inc. | 304933 |
| 689 | Equinix, Inc. | 527884 |
| 23859 | VICI Properties, Inc. | 670916 |
|  | TOTAL LISTED REAL ESTATE INVESTMENT TRUST | 2027634 |
|  | **NON-LISTED REAL ESTATE INVESTMENT TRUST – 3.1%** |  |
| 86203 | National Healthcare Properties, Inc., Common Stock (formerly Healthcare Trust, Inc., Common Stock)<sup>(1),(2),(3)</sup>\* | 2884458 |
|  | **TOTAL NON-LISTED REAL ESTATE INVESTMENT TRUST** | 2884458 |
|  | **PRIVATE REAL ESTATE INVESTMENT TRUSTS – 8.3%** |  |
| 715000 | Aventine Property Group, Inc., Common Stock<sup>(2),(3)</sup> | 5112250 |
| 715000 | Treehouse Real Estate Investment Trust, Inc., Common Stock<sup>(1),(2),(3)</sup> | 2302300 |
|  | **TOTAL PRIVATE REAL ESTATE INVESTMENT TRUSTS** | 7414550 |
|  | **TOTAL REAL ESTATE INVESTMENT TRUSTS <br> (Cost $24,100,323)** | **12326642** |
|  | **ALTERNATIVE INVESTMENT FUNDS – 32.4%** |  |
| 250 | Arboretum Core Asset Fund, L.P.<sup>(3),(4)</sup> | 1190413 |
|  | Canyon CLO Fund II L.P.<sup>(2),(3),(5)</sup> | 6725058 |
|  | Canyon CLO Fund III Cayman Ltd.<sup>(2),(3),(5)</sup> | 15029567 |
| 134 | Clarion Lion Industrial Trust<sup>(3),(4)</sup> | 500375 |
| 159 | Preservation REIT 1, Inc.<sup>(1),(3),(4)</sup> | 5760238 |
|  | **TOTAL ALTERNATIVE INVESTMENT FUNDS <br> (Cost $24,651,361)** | **29205651** |
|  | **EXCHANGE-TRADED FUNDS – 3.7%** |  |
|  | **ALTERNATIVE – 0.6%** |  |
| 28388 | REX-OSPREY SOL + Staking ETF, USD Class | 541075 |
|  | **EQUITY – 0.7%** |  |
| 22360 | Direxion Daily Real Estate Bear 3X Shares | 592987 |
|  | **FIXED INCOME – 2.4%** |  |
| 42305 | Janus Henderson AAA CLO ETF | 2139787 |
|  | **TOTAL EXCHANGE-TRADED FUNDS <br> (Cost $3,498,649)** | **3273849** |
|  | **EXCHANGE-TRADED NOTES – 1.4%** |  |
| 46722 | iShares Ethereum Trust ETF<sup>(1)</sup> | 1047974 |
| 18298 | Solana ETF, USD Class | 233117 |
|  | **TOTAL EXCHANGE-TRADED NOTES <br> (Cost $1,879,401)** | **1281091** |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **MEDIUM TERM NOTES – 5.3%** |  |
|  | **DIVERSIFIED FINANCIAL SERVICES – 5.3%** |  |
| 1750000 | BNP Paribas S.A. 0.00% 03/08/27<sup>(2),(3),(6)</sup> | $1750000 |
| 1750000 | BNP Paribas S.A. 0.00% 03/08/27<sup>(2),(3),(6)</sup> | 1750000 |
| 1250000 | GS Finance Corp. 0.00% 11/19/27<sup>(2),(3),(6)</sup> | 1250000 |
|  | **TOTAL MEDIUM TERM NOTES <br> (Cost $4,750,000)** | **4750000** |
|  | **WARRANT – 0.6%** |  |
|  | **FOOD – 0.6%** |  |
| 878570 | Nurture Life, Inc. 12/24/32<sup>(1),(2),(3)</sup> | 548052 |
|  | **SOFTWARE – 0.0%<sup>(7)</sup>** |  |
| 1 | AlwaysAI, Inc. 09/30/24<sup>(1),(2),(3)</sup> |  |
|  | **TOTAL WARRANT <br> (Cost $0)** | **548052** |
|  | **CONTINGENT VALUE RIGHTS – 0.3%** |  |
|  | **PHARMACEUTICALS – 0.0%<sup>(7)</sup>** |  |
| 142000 | Bristol-Myers Squibb Co. 03/31/21<sup>(1),(2)</sup> |  |
|  | **REAL ESTATE – 0.3%** |  |
| 456540 | Hospitality Investors Trust, Inc. 06/29/26<sup>(1),(2),(3)</sup>\* | 241226 |
| 579536 | Ready Capital Corp. 03/16/25<sup>(1),(2),(3)</sup>\* |  |
|  |  | 241226 |
|  | **TOTAL CONTINGENT VALUE RIGHTS <br> (Cost $10,690,110)** | **241226** |
|  | **SHORT-TERM INVESTMENTS – 9.0%** |  |
|  | **MONEY MARKET FUNDS – 9.0%** |  |
| 8126869 | Fidelity Investments Money Market Funds, Class I, 3.64% <br> (Cost $8,126,869)<sup>(8),(9),(10)</sup> | **8126869** |
|  | **PURCHASED OPTIONS CONTRACTS** |  |
|  | **EQUITY OPTIONS PURCHASED<sup>(1)</sup>\* – 2.2%** |  |
|  | **CALL OPTIONS – 2.2%** |  |
| 9 | Adobe, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $460 <br>Notional Value: $314,991 | 1044 |
| 8 | Adobe, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $500 <br>Notional Value: $279,992 | 440 |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 48 | Airbnb, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $150 <br>Notional Value: $651,456 | $16608 |
| 41 | Airbnb, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $150 <br>Notional Value: $556,452 | 31570 |
| 69 | Airbnb, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $150 <br>Notional Value: $936,468 | 105224 |
| 33 | Alibaba Group Holding Ltd. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $180 <br>Notional Value: $483,714 | 32340 |
| 27 | Alibaba Group Holding Ltd. <br>Broker/Counterparty: IB <br>Expiration Date: 12/18/2026 <br>Exercise Price: $200 <br>Notional Value: $395,766 | 24840 |
| 31 | Alibaba Group Holding Ltd. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $200 <br>Notional Value: $454,398 | 32116 |
| 24 | Appfolio, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 07/17/2026 <br>Exercise Price: $250 <br>Notional Value: $558,360 | 57240 |
| 30 | ARM Holdings plc <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $145 <br>Notional Value: $327,930 | 28425 |
| 7 | Axon Enterprise, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $670 <br>Notional Value: $397,551 | 46060 |
| 7 | Axon Enterprise, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $860 <br>Notional Value: $397,551 | 17570 |
| 7 | Axon Enterprise, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $880 <br>Notional Value: $397,551 | 15855 |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 29 | Bank of America Corp. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $60 <br>Notional Value: $159,500 | $290 |
| 64 | Block, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $90 <br>Notional Value: $416,576 | 24960 |
| 22 | Cava Group, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $105 <br>Notional Value: $129,118 | 44 |
| 39 | Cava Group, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $120 <br>Notional Value: $228,891 | 78 |
| 56 | Cava Group, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $95 <br>Notional Value: $328,664 | 2016 |
| 29 | Cava Group, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $105 <br>Notional Value: $170,201 | 348 |
| 100 | Chipotle Mexican Grill, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $63 <br>Notional Value: $370,000 | 1750 |
| 94 | Chipotle Mexican Grill, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $50 <br>Notional Value: $347,800 | 22842 |
| 12 | Coinbase Global, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $420 <br>Notional Value: $271,368 | 4980 |
| 11 | Coinbase Global, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $410 <br>Notional Value: $248,754 | 11110 |
| 8 | Crowdstrike Holdings, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $600 <br>Notional Value: $375,008 | 37096 |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 19 | DoorDash, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $320 <br>Notional Value: $430,312 | $31825 |
| 20 | DoorDash, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $330 <br>Notional Value: $452,960 | 30000 |
| 8 | Duolingo, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $480 <br>Notional Value: $140,400 | 1160 |
| 7 | Duolingo, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $540 <br>Notional Value: $122,850 | 998 |
| 4 | Eli Lilly & Co. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $1,160 <br>Notional Value: $429,872 | 54992 |
| 20 | Flutter Entertainment plc <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $240 <br>Notional Value: $430,080 | 54500 |
| 24 | Flutter Entertainment plc <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $300 <br>Notional Value: $516,096 | 27480 |
| 5 | GE Vernova, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $740 <br>Notional Value: $326,785 | 54050 |
| 52 | Gitlab, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $63 <br>Notional Value: $195,156 | 260 |
| 19 | Guidewire Software, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $260 <br>Notional Value: $381,919 | 48 |
| 22 | Guidewire Software, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 12/18/2026 <br>Exercise Price: $230 <br>Notional Value: $442,222 | 54230 |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 22 | Howmet Aerospace, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $200 <br>Notional Value: $451,044 | $51480 |
| 22 | Howmet Aerospace, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $220 <br>Notional Value: $451,044 | 56980 |
| 5 | HubSpot, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $700 <br>Notional Value: $200,650 | 1200 |
| 5 | HubSpot, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $820 <br>Notional Value: $200,650 | 1200 |
| 5 | HubSpot, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $840 <br>Notional Value: $200,650 | 250 |
| 7 | HubSpot, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $600 <br>Notional Value: $280,910 | 1558 |
| 2 | MercadoLibre, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 12/18/2026 <br>Exercise Price: $2,460 <br>Notional Value: $402,852 | 36260 |
| 10 | Meta Platforms, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $700 <br>Notional Value: $660,090 | 68499 |
| 6 | Meta Platforms, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $860 <br>Notional Value: $396,054 | 25860 |
| 6 | Meta Platforms, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/17/2027 <br>Exercise Price: $880 <br>Notional Value: $396,054 | 35790 |
| 50 | Netflix, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $130 <br>Notional Value: $468,800 | 6500 |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 40 | Netflix, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $140 <br>Notional Value: $375,040 | $2960 |
| 50 | Netflix, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $130 <br>Notional Value: $468,800 | 14350 |
| 50 | Netflix, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $140 <br>Notional Value: $468,800 | 17600 |
| 50 | Netflix, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $142 <br>Notional Value: $468,800 | 16650 |
| 37 | Netflix, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/17/2027 <br>Exercise Price: $126 <br>Notional Value: $346,912 | 31543 |
| 22 | NVIDIA Corp. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $220 <br>Notional Value: $410,300 | 39380 |
| 100 | On Holding A.G. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $60 <br>Notional Value: $464,800 | 6200 |
| 22 | Palantir Technologies, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $220 <br>Notional Value: $391,050 | 30140 |
| 21 | Palantir Technologies, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $220 <br>Notional Value: $373,275 | 47040 |
| 32 | Palo Alto Networks, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 05/15/2026 <br>Exercise Price: $220 <br>Notional Value: $589,440 | 15584 |
| 20 | Palo Alto Networks, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $230 <br>Notional Value: $368,400 | 28360 |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 23 | Palo Alto Networks, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $240 <br>Notional Value: $423,660 | $27301 |
| 100 | Pinterest, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $47 <br>Notional Value: $258,900 | 50 |
| 97 | Pinterest, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $42 <br>Notional Value: $251,133 | 3007 |
| 17 | Reddit, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $260 <br>Notional Value: $390,779 | 60350 |
| 15 | Reddit, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $310 <br>Notional Value: $344,805 | 33600 |
| 47 | Robinhood Markets, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $140 <br>Notional Value: $531,570 | 71580 |
| 27 | Robinhood Markets, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $145 <br>Notional Value: $305,370 | 37287 |
| 37 | Rubrik, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $105 <br>Notional Value: $282,976 | 93 |
| 20 | Salesforce, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $390 <br>Notional Value: $529,820 | 820 |
| 14 | Salesforce, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $330 <br>Notional Value: $370,874 | 2940 |
| 15 | Salesforce, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $350 <br>Notional Value: $397,365 | 1410 |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 16 | Salesforce, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $290 <br>Notional Value: $423,856 | $26800 |
| 19 | Salesforce, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $300 <br>Notional Value: $503,329 | 51775 |
| 1 | Shake Shack, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $150 <br>Notional Value: $8,117 | 13 |
| 47 | Shake Shack, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $130 <br>Notional Value: $381,499 | 5405 |
| 16 | Snowflake, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $310 <br>Notional Value: $350,976 | 18240 |
| 17 | Snowflake, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $270 <br>Notional Value: $372,912 | 46104 |
| 19 | Take-Two Interactive Software, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $270 <br>Notional Value: $486,457 | 67830 |
| 21 | Take-Two Interactive Software, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $290 <br>Notional Value: $537,663 | 62160 |
| 100 | Toast, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $45 <br>Notional Value: $355,100 | 42000 |
| 41 | Uber Technologies, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $100 <br>Notional Value: $335,011 | 123 |
| 38 | Uber Technologies, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $98 <br>Notional Value: $310,498 | 4598 |

---

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **PURCHASED OPTIONS CONTRACTS (continued)** |  |
|  | **EQUITY OPTIONS PURCHASED\* (continued)** |  |
|  | **CALL OPTIONS (continued)** |  |
| 55 | Uber Technologies, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $110 <br>Notional Value: $449,405 | $28380 |
| 18 | Veeva Systems, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 12/18/2026 <br>Exercise Price: $330 <br>Notional Value: $401,814 | 11430 |
| 8 | Vertex Pharmaceuticals, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $500 <br>Notional Value: $362,688 | 20480 |
| 6 | Vertex Pharmaceuticals, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 06/18/2026 <br>Exercise Price: $580 <br>Notional Value: $272,016 | 5700 |
| 31 | Wix.com Ltd. <br>Broker/Counterparty: IB <br>Expiration Date: 01/16/2026 <br>Exercise Price: $250 <br>Notional Value: $322,059 | 78 |
| 20 | Zscaler, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 03/20/2026 <br>Exercise Price: $340 <br>Notional Value: $449,840 | 920 |
| 14 | Zscaler, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 09/18/2026 <br>Exercise Price: $350 <br>Notional Value: $314,888 | 9100 |
| 20 | Zscaler, Inc. <br>Broker/Counterparty: IB <br>Expiration Date: 01/15/2027 <br>Exercise Price: $310 <br>Notional Value: $449,840 | 37460 |
|  | **TOTAL CALL OPTIONS PURCHASED <br> (Cost - $4,589,287)** | **2036807** |
|  | **TOTAL EQUITY OPTIONS PURCHASED <br> (Cost - $4,589,287)** | **2036807** |
|  | **TOTAL INVESTMENTS – 111.9% <br> (Cost $119,583,295)** | **100843411** |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS – (11.9)%** | **(10759536)** |
|  | **NET ASSETS – 100.0%** | $**90100150** |

---

---

| | | |
|:---|:---|:---|
| **Shares/<br> Contracts/<br> Principal** |  | **Fair Value** |
|  | **WRITTEN EQUITY OPTIONS<sup>(1)</sup>\* – 0.0%<sup>(11)</sup>** |  |
|  | **CALL OPTIONS WRITTEN – 0.0%<sup>(11)</sup>** |  |
| (35) | Corning, Inc. <br>Broker/Counterparty: IB <br> Expiration Date: 01/16/2026 <br> Exercise Price: $85<br> Notional Value: $306,460 | $(16275) |
|  | **TOTAL CALL OPTIONS WRITTEN <br> (Proceeds - $(14334))** |  |
|  | **TOTAL EQUITY OPTIONS WRITTEN <br> (Proceeds - $(14334))** | (16275) |
|  | **EXCHANGE-TRADED FUNDS SOLD SHORT — (1.2)%** |  |
|  | **EQUITY – (1.2)%** |  |
| (19600) | ProShares UltraPro QQQ | (1033312) |
|  | **TOTAL EXCHANGE-TRADED FUNDS SOLD SHORT <br> (Proceeds - $(167745))** | **(1033312)** |
|  | **TOTAL SECURITIES SOLD SHORT <br> (Proceeds - $(182079))** | $**(1049587)** |

---

<sup>(1)</sup> Non-income producing security.

<sup>(2)</sup> Fair valued using significant unobservable inputs.

<sup>(3)</sup> Restricted investment as to resale.

<sup>(4)</sup> Investments in Alternative Investment Funds are valued using net asset value as a practical expedient.

<sup>(5)</sup> Alternative investment fund does not issue shares.

<sup>(6)</sup> Zero coupon bond.

<sup>(7)</sup> Percentage rounds to less than 0.1%.

<sup>(8)</sup> Rate disclosed is the seven day effective yield as of December 31, 2025.

<sup>(9)</sup> All or a portion of this security is held as collateral for securities sold short.

<sup>(10)</sup> All or a portion of this security is held as collateral for line of credit.

<sup>(11)</sup> Percentage rounds to greater than (0.1%).

\* All securities are pledged as collateral except for securities identified with a \* superscript.

CLO – Collateralized Loan Obligation

ETF – Exchange-Traded Fund

L.P. – Limited Partnership

PLC – Public Limited Company

REIT – Real Estate Investment Trusts

---

| |
|:---|
| **Destra Multi-Alternative Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **December 31, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Acquisition<br> Date** | **Cost** | **Value** | **% of<br> Net Assets** |
| AlwaysAI, Inc., Convertible Debt | 10/2/2023 | $2000000 | $2000000 | 2.2% |
| AlwaysAI, Inc., Convertible Debt | 5/31/2024 | 950000 | 950000 | 1 |
| AlwaysAI, Inc., Preferred Stock | 1/5/2021 | 399999 | 799871 | 0.9 |
| AlwaysAI, Inc., Preferred Stock | 2/22/2022 | 1599999 | 1764356 | 2 |
| AlwaysAI, Inc., Senior Secured Promissory Note | 2/5/2025 | 798000 | 798000 | 0.9 |
| AlwaysAI, Inc., Warrants | 10/2/2023 | —<sup>(1)</sup> |  |  |
| Arboretum Core Asset Fund L.P. | 8/2/2018 | 1625342 | 1190413 | 1.3 |
| Aventine Property Group, Inc. | 1/13/2021 | 5692400 | 5112250 | 5.7 |
| BNP Paribas S.A. | 3/3/2025 | 1750000 | 1750000 | 1.9 |
| BNP Paribas S.A. | 3/3/2025 | 1750000 | 1750000 | 1.9 |
| Canyon CLO Fund II L.P. | 2/25/2019 | 6132077 | 6725058 | 7.5 |
| Canyon CLO Fund III (Cayman) Ltd. | 3/1/2022 | 13243419 | 15029567 | 16.7 |
| Clarion Lion Industrial Trust | 6/29/2015 | 184356 | 500375 | 0.6 |
| Clear Street Group, Inc. | 5/11/2022 | 1500000 | 2665872 | 3 |
| Copia Wealth Studios Inc Capital Stock | 12/31/2025 | 1000000 | 1000000 | 1.1 |
| Copia Wealth Studios – Common Shares | 5/22/2024 | 333 | 797420 | 0.9 |
| Copia Wealth Studios – Preferred Shares | 4/1/2024 | 3000000 | 3445237 | 3.8 |
| Eat Just, Inc. | 6/11/2021 | 515501 | 437689 | 0.5 |
| GS Finance Corp. | 4/15/2025 | 1250000 | 1250000 | 1.4 |
| Home Services Champ, Inc., Common Stock (formerly GOSITE, Inc., Series A-1 Common Stock) | 7/31/2020 | 2052466 | 859767 | 0.9 |
| Hospitality Investors Trust, Inc. | 2/17/2015 | 10530898 | 241226 | 0.3 |
| Iridia, Inc., Convertible Debt | 12/23/2024 | 937500 | 997829 | 1.1 |
| Iridia, Inc., Convertible Debt | 10/27/2025 | 1000000 | 1000000 | 1.1 |
| Iridia, Inc., Preferred Stock | 2/25/2021 | 750000 | 750001 | 0.8 |
| National Healthcare Properties, Inc., Common Stock (formerly Healthcare Trust, Inc., Common Stock) | 3/30/2012 | 7439974 | 2884458 | 3.2 |
| Nurture Life, Inc., Preferred Stock | 8/2/2022 | 500000 | 550747 | 0.6 |
| Nurture Life, Inc., Preferred Stock | 2/18/2025 | 2757353 | 3286818 | 3.6 |
| Nurture Life, Inc., Warrants | 12/23/2022 |  | 548052 | 0.6 |
| Preservation REIT 1, Inc. | 10/22/2019 | 3466166 | 5760238 | 6.4 |
| Ready Capital Corp., Contingent Value Rights | 7/6/2017 | —<sup>(1)</sup> |  |  |
| Treehouse Real Estate Investment Trust, Inc. | 12/31/2018 | 8536850 | 2302300 | 2.6 |
| **Total** |  | $**81362633** | $**67147545** | **74.5%** |

---

<sup>(1)</sup> Transferred at no cost as a result of a corporate action.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Destra Multi-Alternative Fund

- **b. Investment Company Act file number:** 811-22572

- **c. CIK number of Registrant:** 0001523289

- **d. LEI of Registrant:** 549300SP0KUS5HR5P569

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

  - **Street Address 1:** 443 N. Willson Ave

  - **City:** Bozeman

  - **State:** MT

  - **Foreign country:** US

  - **Zip / Postal Code:** 59715

  - **Telephone number:** 312-843-6161

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

- **a. Name of Series:** Destra Multi-Alternative Fund

- **c. LEI of Series:** 549300SP0KUS5HR5P569

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $102718153.72

**Total Liabilities:** $12618003.25

**Net Assets:** $90100150.47

**Cash Not Reported:** $785951.26

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.61%                | 1.00%                | -0.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $966123.45               | $-1907227.49                               |
| Month 2  | $710129.30               | $1210578.58                                |
| Month 3  | $-651365.33              | $199889.38                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Adma Biologics Inc                                             | ADMA BIOLOGICS I          | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20768 | NS      | $378808.32    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| AbbVie Inc.                                                    | ABBVIE INC                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2146 | NS      | $490339.54    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Affirm Holdings Inc                                            | AFFIRM HOLDINGS           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4414 | NS      | $328534.02    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Ameren Corp.                                                   | AMEREN CORP               | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      3816 | NS      | $381065.76    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| American Express Company                                       | AMERICAN EXPRESS          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       658 | NS      | $243427.10    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| AR CAP HOSPITALITY TRUST                                       | AR Cap Hospitality Trust  | CUSIP: 02918F103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    456540 | NS      | $241225.99    | 0.27%             |  |  |  | Yes           | 3                  | On Loan: No      |
| American Tower Corporation                                     | AMERICAN TOWER C          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      2984 | NS      | $523900.88    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Amgen Inc.                                                     | AMGEN INC                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1432 | NS      | $468707.92    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc                                            | AXON ENTERPRISE           | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       922 | NS      | $523631.46    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                                                 | BNP 0 03/08/27            | CUSIP: 05615HEQ7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1750000 | PA      | $1750000.00   | 1.94%             | 2027-03-08      | Fixed         | 0.00%                 | Yes           | 3                  | On Loan: No      |
| BNP Paribas SA                                                 | BNP 0 03/08/27            | CUSIP: 05615HER5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1750000 | PA      | $1750000.00   | 1.94%             | 2027-03-08      | Fixed         | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Bank of America Corp.                                          | BANK OF AMERICA           | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      3550 | NS      | $195250.00    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Bristol-Myers Squibb Company                                   | BRISTOL-MYERS SQ          | CUSIP: 110122157<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    142000 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Broadcom Inc                                                   | BROADCOM INC              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1305 | NS      | $451660.50    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Cboe Global Markets Inc                                        | CBOE GLOBAL MARK          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1483 | NS      | $372233.00    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Cardinal Health, Inc.                                          | CARDINAL HEALTH           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       963 | NS      | $197896.50    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Carrier Global Corporation                                     | CARRIER GLOB              | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |      7866 | NS      | $415639.44    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Cisco Systems, Inc.                                            | CISCO SYSTEMS             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      6315 | NS      | $486444.45    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Citizens Financial Group Inc                                   | CITIZENS FINANCI          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      4221 | NS      | $246548.61    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Cloudflare Inc                                                 | CLOUDFLARE INC-A          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      2525 | NS      | $497803.75    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Cognizant Technology Solutions Corp.                           | COGNIZANT TECH-A          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      2348 | NS      | $194884.00    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Corning Incorporated                                           | CORNING INC               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      3575 | NS      | $313027.00    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Crowdstrike Holdings Inc                                       | CROWDSTRIKE HO-A          | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       361 | NS      | $169222.36    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Darden Restaurants, Inc.                                       | DARDEN RESTAURAN          | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      2178 | NS      | $400795.56    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Deere & Company                                                | DEERE & CO                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       534 | NS      | $248614.38    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Realty Trust Inc.                                      | DIGITAL REALTY            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      1971 | NS      | $304933.41    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Direxion Shares ETF Trust                                      | DIREXION DAILY R          | CUSIP: 25460G419<br>LEI: 549300M501IVJM50FG12 | Long             | EC               | RF                | US        |     22360 | NS      | $592987.20    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| ETF Opportunities Trust                                        | REX OSPREY SS             | CUSIP: 26923N249<br>LEI: 549300FWST5041130Z58 | Long             | EC               | RF                | US        |     28388 | NS      | $541075.28    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| eBay Inc.                                                      | EBAY INC                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      4030 | NS      | $351013.00    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Ecolab Inc.                                                    | ECOLAB INC                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1314 | NS      | $344951.28    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinix, Inc.                                                  | EQUINIX INC               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       689 | NS      | $527884.24    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Investments Money Market Government Portfolio Class I | FID-MM GOVT-I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   8126869 | PA      | $8126869.40   | 9.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Glaukos Corp.                                                  | GLAUKOS CORP              | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      1530 | NS      | $172752.30    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| GS Finance Corp                                                | GS 0 11/19/27             | CUSIP: 40058QYE3<br>LEI: 549300FR80KBVO6DRL61 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250000.00   | 1.39%             | 2027-11-19      | Fixed         | 0.00%                 | Yes           | 3                  | On Loan: No      |
| International Business Machines Corp.                          | IBM                       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1089 | NS      | $322572.69    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Ethereum Trust ETF                                     | ISHARES ETHER             | CUSIP: 46438R105<br>LEI: 529900M7AJ6IYSU9SP67 | Long             | EC               | RF                | US        |     46722 | NS      | $1047974.46   | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase & Co.                                           | JPMORGAN CHASE            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1077 | NS      | $347030.94    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Janus Detroit Street Trust                                     | JAN HEND AAA CLO          | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |     42305 | NS      | $2139786.90   | 2.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Madrigal Pharmaceuticals Inc                                   | MADRIGAL PHARMAC          | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |       298 | NS      | $173537.32    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| McDonald's Corp.                                               | MCDONALDS CORP            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1205 | NS      | $368284.15    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| MetLife Inc.                                                   | METLIFE INC               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      6376 | NS      | $503321.44    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp.                                                | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       846 | NS      | $409142.52    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Natera Inc.                                                    | NATERA INC                | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1530 | NS      | $350507.70    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| NextEra Energy Inc                                             | NEXTERA ENERGY            | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      4814 | NS      | $386467.92    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| OneStream Inc                                                  | ONESTREAM INC             | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |      9373 | NS      | $172275.74    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp.                                                   | ORACLE CORP               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1590 | NS      | $309906.90    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc                                      | PALANTIR TECHN-A          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       922 | NS      | $163885.50    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Planet Labs Pbc                                                | PLANET LABS PBC           | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |      9072 | NS      | $178899.84    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ProShares Trust                                                | PROSHARES UL QQQ          | CUSIP: 74347X831<br>LEI: 5493005D9DS7C1P5AM59 | Short            | EC               | RF                | US        |    -19600 | NS      | $-1033312.00  | -1.15%            |  |  |  | No            | 1                  | On Loan: No      |
| Reddit Inc                                                     | REDDIT INC-A              | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      2584 | NS      | $593984.08    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Robinhood Markets Inc                                          | ROBINHOOD MARK-A          | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      1447 | NS      | $163655.70    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Rocket Lab Corp.                                               | ROCKET LAB CORP           | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2540 | NS      | $177190.40    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Rockwell Automation, Inc.                                      | ROCKWELL AUTOMAT          | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |       821 | NS      | $319426.47    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Shake Shack Inc                                                | SHAKE SHACK IN-A          | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |      5956 | NS      | $483448.52    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| The TJX Companies Inc.                                         | TJX COS INC               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2461 | NS      | $378034.21    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| T-Mobile US Inc                                                | T-MOBILE US INC           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      2019 | NS      | $409937.76    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Travelers Companies, Inc.                                      | TRAVELERS COS IN          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1626 | NS      | $471637.56    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertiv Holdings Co                                             | VERTIV HOLDING-A          | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      2701 | NS      | $437589.01    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Vici Properties Inc                                            | VICI PROPERTIES           | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     23859 | NS      | $670915.08    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Volatility Shares Trust                                        | SOLANA ETF                | CUSIP: 92864M822<br>LEI: 54930004NGKHU04MBA84 | Long             | EC               | RF                | US        |     18298 | NS      | $233116.52    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Zeta Global Holdings Corp                                      | ZETA GLOBAL HO-A          | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     22145 | NS      | $450650.75    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoetis Inc.                                                    | ZOETIS INC                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      3308 | NS      | $416212.56    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| National Healthcare Properties, Inc                            | NATIONAL HEALTHCARE PROP  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     86203 | NS      | $2884457.91   | 3.20%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | ABNB US 01/15/27 C150     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        69 | NC      | $105225.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ABNB US 03/20/26 C150     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        48 | NC      | $16608.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ABNB US 06/18/26 C150     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        41 | NC      | $31570.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ADBE US 03/20/26 C460     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         9 | NC      | $1044.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ADBE US 03/20/26 C500     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         8 | NC      | $440.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ALWAYS AI CONV 8% 5/31/26                                      | ALWAYS AI CONV 8% 5/31/26 | CUSIP: 0ALWAYCP2<br>LEI: N/A                  | Long             |  | CORP              | US        |    950000 | PA      | $950000.00    | 1.05%             | 2026-05-31      | Fixed         | 8.00%                 | Yes           | 3                  | On Loan: No      |
| ALWAYS AI CONV 12% 2/28/26                                     | ALWAYS AI 12% 2/28/26     | CUSIP: 0ALWAYCP3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    798000 | PA      | $798000.00    | 0.89%             | 2026-02-28      | Fixed         | 12.00%                | Yes           | 3                  | On Loan: No      |
| ALWAYS AI CONV 8% 5/31/26                                      | ALWAYS AI 8.0% 9/29/25    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000000.00   | 2.22%             | 2026-01-31      | Fixed         | 8.00%                 | Yes           | 3                  | On Loan: No      |
| ALWAYS AI INC                                                  | AlwaysAI, Inc.Ser A-1 Pfd | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    254113 | NS      | $799871.49    | 0.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ALWAYS AI INC                                                  | AlwaysAI, Inc.Ser B Pfd   | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    490767 | NS      | $1764356.44   | 1.96%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ALWAYS WARRANTS                                                | ALWAYS WARRANTS           | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |         1 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | APPF US 07/17/26 C250     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        24 | NC      | $57240.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ARBORETUM CORE ASSET FUND                                      | Arboretum Core Asset Fund | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |       250 | NS      | $1190412.81   | 1.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                                            | ARM US 09/18/26 C145      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        30 | NC      | $28425.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Aventine Property                                              | Aventine Property         | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    715000 | NS      | $5112250.00   | 5.67%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | AXON US 09/18/26 C670     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         7 | NC      | $46060.00     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | AXON US 09/18/26 C860     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         7 | NC      | $17570.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | AXON US 09/18/26 C880     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         7 | NC      | $15855.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | BABA US 09/18/26 C180     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        33 | NC      | $32340.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | BABA US 01/15/27 C200     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        31 | NC      | $32116.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | BABA US 12/18/26 C200     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        27 | NC      | $24840.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | BAC US 01/16/26 C60       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        29 | NC      | $290.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CANYON CLO FUND III                                            | CANYON CLO FUND III       | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |         1 | NS      | $15029567.23  | 16.68%            |  |  |  | Yes           | 3                  | On Loan: No      |
| CANYON CLO FUND II L.P.                                        | Canyon CLO Fund II L.P.   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |         1 | NS      | $6725058.14   | 7.46%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | CAVA US 01/16/26 C105     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        22 | NC      | $44.00        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CAVA US 03/20/26 C105     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        29 | NC      | $348.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CAVA US 01/16/26 C120     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        39 | NC      | $78.00        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CAVA US 03/20/26 C95      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        56 | NC      | $2016.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CLARION LION INDUSTRIAL                                        | CLARION LION INDUSTRIAL   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |       134 | NS      | $500374.99    | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CLEAR STREET GROUP                                             | CLEAR STREET GROUP        | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    179641 | NS      | $2665872.44   | 2.96%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | CMG US 01/15/27 C50       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        94 | NC      | $22842.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CMG US 06/18/26 C63       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       100 | NC      | $1750.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | COIN US 09/18/26 C410     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        11 | NC      | $11110.00     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | COIN US 06/18/26 C420     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        12 | NC      | $4980.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| COPIA WEALTH STUDIOS                                           | COPIA WEALTH STUDIOS      | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    332938 | NS      | $797419.80    | 0.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | COPIA WEALTH Cap Stock    | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |         1 | NS      | $1000000.00   | 1.11%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | CRM US 06/18/26 C290      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        16 | NC      | $26800.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CRM US 01/15/27 C300      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        19 | NC      | $51775.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CRM US 03/20/26 C330      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        14 | NC      | $2940.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CRM US 03/20/26 C350      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        15 | NC      | $1410.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CRM US 01/16/26 C390      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        20 | NC      | $820.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | CRWD US 01/15/27 C600     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         8 | NC      | $37096.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | DASH US 01/15/27 C320     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        19 | NC      | $31825.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | DASH US 01/15/27 C330     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        20 | NC      | $30000.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | DUOL US 03/20/26 C480     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         8 | NC      | $1160.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | DUOL US 03/20/26 C540     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         7 | NC      | $997.50       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| EAT JUST, INC.                                                 | EAT JUST, INC.            | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |     23723 | NS      | $437689.35    | 0.49%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | FLUT US 01/15/27 C240     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        20 | NC      | $54500.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | FLUT US 01/15/27 C300     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        24 | NC      | $27480.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding Ltd                             | CREDO TECHNOLOGY          | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      1181 | NS      | $169934.09    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| eToro Group Ltd.                                               | ETORO GROUP LT-A          | CUSIP: G32089107<br>LEI: 213800XPRPJK2X5QRG86 | Long             | EC               | CORP              | VG        |      4861 | NS      | $170766.93    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson Controls International PLC                             | JOHNSON CONTROLS          | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      3059 | NS      | $366315.25    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | GEV US 01/15/27 C740      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         5 | NC      | $54050.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | GLW US 01/16/26 C85       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -35 | NC      | $-16275.00    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | GTLB US 01/16/26 C62.5    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        52 | NC      | $260.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | GWRE US 12/18/26 C230     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        22 | NC      | $54230.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | GWRE US 01/16/26 C260     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        19 | NC      | $47.50        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Home Service Champ, Inc                                        | Home Service Champ, Inc   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    270367 | NS      | $859767.06    | 0.95%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | HOOD US 09/18/26 C140     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        47 | NC      | $71581.00     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HOOD US 09/18/26 C145     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        27 | NC      | $37287.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HUBS US 03/20/26 C600     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         7 | NC      | $1557.50      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HUBS US 01/16/26 C700     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         5 | NC      | $1200.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HUBS US 01/16/26 C820     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         5 | NC      | $1200.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HUBS US 01/16/26 C840     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         5 | NC      | $250.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HWM US 06/18/26 C200      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        22 | NC      | $51480.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | HWM US 01/15/27 C220      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        22 | NC      | $56980.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| IRIDIA, INC                                                    | IRIDIA, INC               | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    497216 | NS      | $750000.61    | 0.83%             |  |  |  | Yes           | 3                  | On Loan: No      |
| IRIDIA, INC                                                    | IRIDIA, INC 8% 12/12/2027 | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    937500 | PA      | $997828.77    | 1.11%             | 2027-12-12      | Fixed         | 8.00%                 | Yes           | 3                  | On Loan: No      |
| IRIDIA, INC                                                    | IRIDIA, INC 8% 10/29/2029 | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |   1000000 | PA      | $1000000.00   | 1.11%             | 2029-10-27      | Fixed         | 8.00%                 | Yes           | 3                  | On Loan: No      |
| N/A                                                            | LLY US 01/15/27 C1160     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         4 | NC      | $54992.00     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| COPIA WEALTH STUDIOS                                           | COPIA WEALTH STUDIOS      | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |   1064396 | NS      | $3445236.97   | 3.82%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Oddity Tech Ltd.                                               | ODDITY TECH LTD           | CUSIP: M7518J104<br>LEI: 254900QH12XZS53G0V57 | Long             | EC               | CORP              | IL        |      9501 | NS      | $381750.18    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | MELI US 12/18/26 C2460    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         2 | NC      | $36260.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | META US 09/18/26 C700     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        10 | NC      | $68500.00     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | META US 01/15/27 C860     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         6 | NC      | $25860.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | META US 06/17/27 C880     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         6 | NC      | $35790.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | NFLX US 06/17/27 C126     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        37 | NC      | $31542.50     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | NFLX US 06/18/26 C130     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        50 | NC      | $6500.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | NFLX US 09/18/26 C130     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        50 | NC      | $14350.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | NFLX US 01/15/27 C140     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        50 | NC      | $17600.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | NFLX US 06/18/26 C140     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        40 | NC      | $2960.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | NFLX US 01/15/27 C142     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        50 | NC      | $16650.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| NUTURE SERIES B                                                | Nurture Life, Inc Ser B-1 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    302525 | NS      | $550746.76    | 0.61%             |  |  |  | Yes           | 3                  | On Loan: No      |
| NUTURE SERIES B                                                | NURTURE LIFE, INC SER B-2 | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   2085412 | NS      | $3286817.85   | 3.65%             |  |  |  | Yes           | 3                  | On Loan: No      |
| NUTURE SERIES B                                                | NURTURE LIFE, INC         | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |    878570 | NS      | $548051.97    | 0.61%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | NVDA US 09/18/26 C220     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        22 | NC      | $39380.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ONON US 03/20/26 C60      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       100 | NC      | $6200.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PANW US 05/15/26 C220     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        32 | NC      | $15584.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PANW US 01/15/27 C230     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        20 | NC      | $28360.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PANW US 01/15/27 C240     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        23 | NC      | $27301.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PINS US 06/18/26 C42      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        97 | NC      | $3007.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PINS US 01/16/26 C47      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       100 | NC      | $50.00        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PLTR US 06/18/26 C220     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        22 | NC      | $30140.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | PLTR US 09/18/26 C220     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        21 | NC      | $47040.00     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| PRESERVATION REIT 1                                            | PRESERVATION REIT 1       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |       159 | NS      | $5760238.00   | 6.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                                            | RBRK US 01/16/26 C105     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        37 | NC      | $92.50        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| READY CAP CORP RIGHTS                                          | READY CAP CORP RIGHTS     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    579536 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | RDDT US 06/18/26 C260     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        17 | NC      | $60350.00     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | RDDT US 06/18/26 C310     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        15 | NC      | $33600.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | SHAK US 06/18/26 C130     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        47 | NC      | $5405.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | SHAK US 03/20/26 C150     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         1 | NC      | $12.50        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | SNOW US 01/15/27 C270     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        17 | NC      | $46104.00     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | SNOW US 09/18/26 C310     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        16 | NC      | $18240.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | TOST US 01/15/27 C45      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       100 | NC      | $42000.00     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| TREEHOUSE REAL ESTATE INV                                      | Treehouse Real Estate Inv | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |    715000 | NS      | $2302300.00   | 2.56%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                            | TTWO US 01/15/27 C270     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        19 | NC      | $67830.00     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | TTWO US 01/15/27 C290     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        21 | NC      | $62160.00     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | UBER US 01/16/26 C100     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        41 | NC      | $123.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | UBER US 01/15/27 C110     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        55 | NC      | $28380.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | UBER US 03/20/26 C97.5    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        38 | NC      | $4598.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | VEEV US 12/18/26 C330     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        18 | NC      | $11430.00     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | VRTX US 06/18/26 C500     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         8 | NC      | $20480.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | VRTX US 06/18/26 C580     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         6 | NC      | $5700.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | WIX US 01/16/26 C250      | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        31 | NC      | $77.50        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | XYZ US 09/18/26 C90       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        64 | NC      | $24960.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ZS US 01/15/27 C310       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        20 | NC      | $37460.00     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ZS US 03/20/26 C340       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        20 | NC      | $920.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                            | ZS US 09/18/26 C350       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        14 | NC      | $9100.00      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Destra Multi Alternative Fund

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Chief Financial Officer