# EDGAR Filing Document

**Accession Number:** 0001501072
**File Stem:** 0001049169-25-000844
**Filing Date:** 2025-11
**Character Count:** 203855
**Document Hash:** 2ff716bcde46322b056b1bab879c9f1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000844.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001049169-25-000844

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RIVERNORTH OPPORTUNITIES FUND, INC.
- **CENTRAL INDEX KEY:** 0001501072

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22472
- **FILM NUMBER:** 251525414

**BUSINESS ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE.
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 561-484-7185

**MAIL ADDRESS:**
- **STREET 1:** 360 S. ROSEMARY AVE.
- **STREET 2:** SUITE 1420
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RIVERNORTH TACTICAL OPPORTUNITIES FUND, INC.
- **DATE OF NAME CHANGE:** 20100909

## Nport-Ex

RiverNorth Opportunities Fund, Inc. <br> Schedule of Investments September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| **CLOSED-END FUNDS - COMMON SHARES (54.01%)** | **CLOSED-END FUNDS - COMMON SHARES (54.01%)** | |
| ***Great Britain (12.66%)*** | ***Great Britain (12.66%)*** |  |
| 563958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pershing Square Holdings, Ltd. | $34852604 |
| ***United States (41.35%)*** | ***United States (41.35%)*** |  |
| 429082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;abrdn Emerging Markets Equity Income Fund, Inc. | 2780451 |
| 298780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;abrdn Total Dynamic Dividend Fund | 2826459 |
| 193078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avenue Income Credit Strategies Fund | 1119853 |
| 193972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Health Sciences Term Trust | 2797076 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Income Trust, Inc. | 34 |
| 191691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Multi-Sector Income Trust | 2566742 |
| 152466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Municipal Income Quality Trust | 1669503 |
| 341608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Municipal Income Trust | 3433160 |
| 331830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Municipal Income Trust II | 3467624 |
| 167757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock MuniHoldings Fund, Inc. | 1971145 |
| 287842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock MuniHoldings Quality Fund II, Inc. | 2895691 |
| 141200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock MuniVest Fund II, Inc. | 1500956 |
| 19728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock MuniVest Fund, Inc. | 135334 |
| 187151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock MuniYield Fund, Inc. | 1976315 |
| 300215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock MuniYield Quality Fund II, Inc. | 3011156 |
| 669245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Resources & Commodities Strategy Trust | 6806222 |
| 450000 | &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Science and Technology Term Trust<sup>(a)(b)</sup> | 9972000 |
| 349733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calamos Long/Short Equity & Dynamic Income Trust | 5651685 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearBridge Energy MLP Opportunity Fund, Inc. | 135 |
| 475517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clough Global Dividend and Income Fund | 2829326 |
| 213277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clough Global Equity Fund | 1623038 |
| 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clough Global Opportunities Fund | 6270000 |
| 190819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Trust High Yield Opportunities 2027 Term Fund | 2764967 |
| 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India Fund, Inc. | 5860000 |
| 102815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco Municipal Opportunity Trust | 994221 |
| 343093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kayne Anderson Energy Infrastructure Fund | 4244060 |
| 109174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liberty All Star<sup>®</sup> Equity Fund | 692163 |
| 96778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nuveen Dow 30sm Dynamic Overwrite Fund | 1441024 |
| 345951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIMCO Global StocksPLUS & Income Fund | 2957881 |
| 739248 | &nbsp;&nbsp;&nbsp;&nbsp;Royce Micro-Cap Trust, Inc.<sup>(a)(b)</sup> | 7680787 |
| 527804 | &nbsp;&nbsp;&nbsp;&nbsp;Royce Value Trust, Inc.<sup>(a)(b)</sup> | 8513479 |
| 381079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saba Capital Income & Opportunities Fund | 2960984 |
| 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saba Capital Income & Opportunities Fund II | 7706400 |
| 88573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Special Opportunities Fund, Inc. | 1372882 |
| 138901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprott Focus Trust, Inc. | 1154267 |
| 17620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Asset Managed Municipals Fund, Inc. | 182191 |
|  |  | 113829211 |
| **TOTAL CLOSED-END FUNDS - COMMON SHARES** | **TOTAL CLOSED-END FUNDS - COMMON SHARES** |  |
| **(Cost $122,882,647)** | **(Cost $122,882,647)** | **148681815** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Rate** | **Maturity <br> Date** | **Value <br> (Note 2)** |
| **CLOSED-END FUNDS - PREFERRED SHARES (0.55%)** | **CLOSED-END FUNDS - PREFERRED SHARES (0.55%)** | **CLOSED-END FUNDS - PREFERRED SHARES (0.55%)** | **CLOSED-END FUNDS - PREFERRED SHARES (0.55%)** | |
| ***United States (0.55%)*** | ***United States (0.55%)*** |  |  |  |
| 72380 | &nbsp;&nbsp;&nbsp;&nbsp;Virtus Convertible & Income Fund II<sup>(c)</sup> | 5.500% | 12/31/99 | 1506952 |
| **TOTAL CLOSED-END FUNDS - PREFERRED SHARES** | **TOTAL CLOSED-END FUNDS - PREFERRED SHARES** |  |  |  |
| **(Cost $1,538,381)** | **(Cost $1,538,381)** |  |  | **1506952** |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| **BUSINESS DEVELOPMENT COMPANIES - COMMON SHARES (0.22%)** | **BUSINESS DEVELOPMENT COMPANIES - COMMON SHARES (0.22%)** | |
| ***United States (0.22%)*** | ***United States (0.22%)*** |  |
| 39944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FS KKR Capital Corp. | $596364 |
| **TOTAL BUSINESS DEVELOPMENT COMPANIES - COMMON SHARES** | **TOTAL BUSINESS DEVELOPMENT COMPANIES - COMMON SHARES** |  |
| **(Cost $610,017)** | **(Cost $610,017)** | **596364** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Rate** | **Maturity <br> Date** | **Value <br> (Note 2)** |
| **BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES (2.25%)** | **BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES (2.25%)** | **BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES (2.25%)** |  | |
| ***United States (2.25%)*** | ***United States (2.25%)*** |  |  |  |
| 11823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CION Investment Corp. | 7.500% | 12/30/29 | 298767 |
| 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crescent Capital BDC, Inc. | 5.000% | 05/25/26 | 4992000 |
| 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PennantPark Floating Rate Capital, Ltd. | 4.250% | 04/01/26 | 889828 |
| **TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES** | **TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES** |  |  |  |
| **(Cost $6,206,053)** | **(Cost $6,206,053)** |  |  | **6180595** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal <br> Amount** | **Description** | **Rate** | **Maturity <br> Date** | **Value <br> (Note 2)** |
| **BUSINESS DEVELOPMENT COMPANY NOTES (1.33%)** | **BUSINESS DEVELOPMENT COMPANY NOTES (1.33%)** | **BUSINESS DEVELOPMENT COMPANY NOTES (1.33%)** |  | |
| ***United States (1.33%)*** | ***United States (1.33%)*** |  |  |  |
| $1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MidCap Financial Investment Corp. | 4.500% | 07/16/26 | 984498 |
| 107745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MidCap Financial Investment Corp. | 8.000% | 12/15/28 | 2714107 |
| **TOTAL BUSINESS DEVELOPMENT COMPANY NOTES** | **TOTAL BUSINESS DEVELOPMENT COMPANY NOTES** |  |  |  |
| **(Cost $3,673,201)** | **(Cost $3,673,201)** |  |  | **3698605** |
| **CORPORATE BONDS (14.74%)** | **CORPORATE BONDS (14.74%)** |  |  |  |
| ***United States (14.74%)*** | ***United States (14.74%)*** |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barings BDC, Inc. | 7.000% | 02/15/29 | 2081491 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;Barings Private Credit Corp.<sup>(d)</sup> | 6.150% | 06/11/30 | 998889 |
| 4239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock TCP Capital Corp. | 6.950% | 05/30/29 | 4372662 |
| 629 | &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Private Credit Fund<sup>(d)</sup> | 2.625% | 12/15/26 | 615 |
| 157 | &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Private Credit Fund<sup>(d)</sup> | 3.250% | 03/15/27 | 154 |
| 290000 | &nbsp;&nbsp;&nbsp;&nbsp;Blackstone Secured Lending Fund<sup>(e)</sup> | 2.125% | 02/15/27 | 280666 |
| 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Capital Corp. | 3.125% | 04/13/27 | 535581 |
| 428 | &nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Credit Income Corp.<sup>(d)</sup> | 3.125% | 09/23/26 | 422 |
| 2492000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Credit Income Corp. | 3.125% | 09/23/26 | 2457130 |
| 2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Credit Income Corp. | 7.750% | 09/16/27 | 2838392 |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Technology Finance Corp.<sup>(d)</sup> | 4.750% | 12/15/25 | 2493858 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Technology Finance Corp. | 6.750% | 04/04/29 | 2064175 |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Franklin BSP Capital Corp. | 3.250% | 03/30/26 | 2973918 |
| 2900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Franklin BSP Capital Corp. | 7.200% | 06/15/29 | 3005677 |
| 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FS KKR Capital Corp. | 6.125% | 01/15/31 | 1239040 |
| 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FS KKR Capital Corp. | 6.875% | 08/15/29 | 922214 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Direct Lending Fund | 6.150% | 05/17/29 | 1036334 |
| 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Mountain Finance Corp. | 6.875% | 02/01/29 | 3597114 |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;North Haven Private Income Fund LLC | 5.750% | 02/01/30 | 1507498 |
| 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oaktree Specialty Lending Corp. | 7.100% | 02/15/29 | 6210966 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PennantPark Investment Corp. | 4.000% | 11/01/26 | 1942994 |
| **TOTAL CORPORATE BONDS** | **TOTAL CORPORATE BONDS** |  |  |  |
| **(Cost $39,346,247)** | **(Cost $39,346,247)** |  |  | **40559790** |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| **SPECIAL PURPOSE ACQUISITION COMPANIES - COMMON SHARES/UNITS (50.93%)<sup>(f)</sup>** | **SPECIAL PURPOSE ACQUISITION COMPANIES - COMMON SHARES/UNITS (50.93%)<sup>(f)</sup>** | |
| ***Canada (0.18%)*** | ***Canada (0.18%)*** | |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oxley Bridge Acquisition, Ltd. | $502000 |
| ***Cayman Islands (0.38%)*** | ***Cayman Islands (0.38%)*** |  |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Era Acquisition Corp. I | 1036000 |
| ***China (0.49%)*** | ***China (0.49%)*** |  |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future Vision II Acquisition Corp. | 679900 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rising Dragon Acquisition Corp. | 677300 |
| 24010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scage Future | 1143 |
|  |  | 1358343 |
| ***Great Britain (0.48%)*** | ***Great Britain (0.48%)*** |  |
| 509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akari Therapeutics PLC | 514 |
| 66667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axiom Intelligence Acquisition Corp. 1 | 663337 |
| 65632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tavia Acquisition Corp. | 665508 |
|  |  | 1329359 |
| ***Hong Kong (1.65%)*** | ***Hong Kong (1.65%)*** |  |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Paradise Acquisition Corp. | 495000 |
| 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A SPAC III Acquisition Corp. | 1365000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BEST SPAC I Acquisition Corp. | 1004000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copley Acquisition Corp. | 1010000 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YHN Acquisition I, Ltd. | 679250 |
|  |  | 4553250 |
| ***Israel (0.00%<sup>(g)</sup>)*** | ***Israel (0.00%<sup>(g)</sup>)*** |  |
| 120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REE Automotive, Ltd. | 87 |
| ***Japan (0.38%)*** | ***Japan (0.38%)*** |  |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ribbon Acquisition Corp. | 1040000 |
| ***Mexico (0.09%)*** | ***Mexico (0.09%)*** |  |
| 25298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Globa Terra Acquisition Corp. | 257280 |
| ***Singapore (0.84%)*** | ***Singapore (0.84%)*** |  |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chenghe Acquisition III Co. | 998000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbus Acquisition Corp. | 1020000 |
| 64612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GCL Global Holdings, Ltd. | 4006 |
| 25712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RF Acquisition Corp. II | 276147 |
|  |  | 2298153 |
| ***United States (46.44%)*** | ***United States (46.44%)*** |  |
| 44019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1RT Acquisition Corp. | 464400 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA Mission Acquisition Corp. | 526000 |
| 307637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;abrdn Life Sciences Investors | 4771450 |
| 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aldel Financial II, Inc. | 1463000 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andretti Acquisition Corp. II | 679900 |
| 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Archimedes Tech SPAC Partners II Co. | 918000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Armada Acquisition Corp. II | 1040000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Artius II Acquisition, Inc. | 1013000 |
| 157062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barings BDC, Inc. | 1375863 |
| 43750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BERTO ACQUISITION Corp. | 468563 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bleichroeder Acquisition Corp. I | 1040000 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Acquisition Corp. | $1009000 |
| 42522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Technology Finance Corp. | 587654 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Water Acquisition Corp. III | 1003000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BTC Development Corp. | 505000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cal Redwood Acquisition Corp. | 1017000 |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CARTESIAN GROWTH Corp. III | 254250 |
| 58500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cayson Acquisition Corp. | 611910 |
| 65520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centurion Acquisition Corp. | 691236 |
| 37500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ChampionsGate Acquisition Corp. | 379875 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charlton Aria Acquisition Corp. | 1036000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Churchill Capital Corp. X | 1353000 |
| 85696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CO2 Energy Transition Corp. | 908772 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohen Circle Acquisition Corp. II | 514000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Columbus Circle Capital Corp. I | 525000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crane Harbor Acquisition Corp. | 1007000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSLM Digital Asset Acquisition Corp. III, Ltd. | 1010000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D Boral ARC Acquisition I Corp. | 500000 |
| 50026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Asset Acquisition Corp. | 527774 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drugs Made In America Acquisition Corp. | 1040000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Drugs Made In America Acquisition II Corp. | 994500 |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Cloud Star Acquisition Corp. | 418400 |
| 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dune Acquisition Corp. II | 766500 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EGH Acquisition Corp. | 1001000 |
| 64998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQV Ventures Acquisition Corp. | 674679 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQV Ventures Acquisition Corp. II | 1001000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fact II Acquisition Corp. | 1040000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FG Merger II Corp. | 1033000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIGX Capital Acquisition Corp. | 999000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galata Acquisition Corp. II | 998000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gesher Acquisition Corp. II | 1015000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GigCapital7 Corp. | 527500 |
| 34968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Golub Capital BDC, Inc. | 478712 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gores Holdings X, Inc. | 516000 |
| 58868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GP-Act III Acquisition Corp. | 624001 |
| 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graf Global Corp. | 368900 |
| 100190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSR III Acquisition Corp. | 1037968 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSR IV Acquisition Corp. | 1013500 |
| 30342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Haymaker Acquisition Corp. 4, Class A | 344078 |
| 44444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCM III Acquisition Corp. | 458218 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hennessy Capital Investment Corp. VII | 1042000 |
| 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HORIZON SPACE ACQUISITION II Corp. | 1362400 |
| 117708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howard Hughes Holdings, Inc. | 9672066 |
| 33524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IB Acquisition Corp. | 355019 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indigo Acquisition Corp. | 1011000 |
| 62500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inflection Point Acquisition Corp. III | 631250 |
| 136777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares 10+ Year Investment Grade Corporate Bond ETF | 7049487 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jackson Acquisition Co. II | 1041000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K&F Growth Acquisition Corp. II | 1030000 |
| 10299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kayne Anderson BDC, Inc. | 137183 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kochav Defense Acquisition Corp. | 1024000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lakeshore Acquisition III Corp. | 1026000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Launch One Acquisition Corp. | 525000 |
| 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Launch Two Acquisition Corp. | 574750 |
| 66874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legato Merger Corp. III | 718227 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lightwave Acquisition Corp. | 1005000 |
| 55008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lionheart Holdings | 578134 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Live Oak Acquisition Corp. V | 1040000 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M3-Brigade Acquisition V Corp. | 685750 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M3-Brigade Acquisition VI Corp. | $1012000 |
| 83334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maywood Acquisition Corp. | 834173 |
| 58028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Melar Acquisition Corp. I | 609294 |
| 191569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Direct Lending Fund | 3080430 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mountain Lake Acquisition Corp. | 1040000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Providence Acquisition Corp. III | 1025000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newbury Street II Acquisition Corp. | 1036000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NewHold Investment Corp. III | 1034000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NMP Acquisition Corp. | 1011000 |
| 107519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nuveen Real Estate Income Fund | 879505 |
| 159986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oaktree Specialty Lending Corp. | 2087817 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oyster Enterprises II Acquisition Corp. | 1000000 |
| 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pantages Capital Acquisition Corp. | 940500 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pelican Acquisition Corp. | 1020000 |
| 243512 | &nbsp;&nbsp;&nbsp;&nbsp;Pershing Square Tontine Holdings<sup>(h)</sup> |  |
| 285935 | &nbsp;&nbsp;&nbsp;&nbsp;PIMCO Dynamic Income Strategy Fund<sup>(a)</sup> | 7128360 |
| 66667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pioneer Acquisition I Corp. | 670006 |
| 87500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plum Acquisition Corp. IV | 896875 |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ProCap Acquisition Corp. | 420000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quantumsphere Acquisition Corp. | 1013000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quartzsea Acquisition Corp. | 1010000 |
| 88836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Range Capital Acquisition Corp. | 923894 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Asset Acquisition Corp. | 1029000 |
| 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Renatus Tactical Acquisition Corp. I | 343200 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic Digital Acquisition Co. | 525500 |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rithm Acquisition Corp. | 260000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roman DBDR Acquisition Corp. II | 1050010 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siddhi Acquisition Corp. | 1027000 |
| 66667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silver Pegasus Acquisition Corp. | 678003 |
| 24999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverbox Corp. IV | 261740 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIM Acquisition Corp. I | 527000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sizzle Acquisition Corp. II | 1021000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solarius Capital Acquisition Corp. | 1008000 |
| 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soulpower Acquisition Corp. | 918900 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spring Valley Acquisition Corp. III | 1028000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starry Sea Acquisition Corp. | 507000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stellar V Capital Corp. | 1035000 |
| 99000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StoneBridge Acquisition II Corp. | 987030 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talon Capital Corp. | 1004880 |
| 138613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TCG BDC, Inc. | 1732663 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Ventures Acquisition III Corp. | 1081000 |
| 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thayer Ventures Acquisition Corp. II | 814400 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Titan Acquisition Corp. | 1030000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trailblazer Acquisition Corp. | 1022500 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Translational Development Acquisition Corp. | 1029000 |
| 62500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UY Scuti Acquisition Corp. | 646250 |
| 87500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vendome Acquisition Corp. I | 872375 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vine Hill Capital Investment Corp. | 696150 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voyager Acquisition Corp. | 524775 |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wen Acquisition Corp. | 260750 |
| 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Willow Lane Acquisition Corp. | 1505400 |
| 52742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WinVest Acquisition Corp. | 670351 |
|  |  | 127827600 |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES - COMMON SHARES/UNITS** | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES - COMMON SHARES/UNITS** |  |
| **(Cost $130,349,278)** | **(Cost $130,349,278)** | **140202072** |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| **RIGHTS (0.20%)** | **RIGHTS (0.20%)** | |
| ***China (0.01%)*** | ***China (0.01%)*** | |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future Vision II Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | $8456 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rising Dragon Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | 10673 |
|  |  | 19129 |
| ***Great Britain (0.01%)*** | ***Great Britain (0.01%)*** |  |
| 66667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axiom Intelligence Acquisition Corp. 1, Strike Price $0.01, Expires 12/31/2049 | 10667 |
| 62670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClimateRock, Strike Price $0.01, Expires 06/01/2027 | 8836 |
|  |  | 19503 |
| ***Hong Kong (0.01%)*** | ***Hong Kong (0.01%)*** |  |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Paradise Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 8000 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BEST SPAC I Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 14010 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YHN Acquisition I, Ltd., Strike Price $0.01, Expires 01/01/2049 | 9100 |
|  |  | 31110 |
| ***Malaysia (0.00%<sup>(g)</sup>)*** | ***Malaysia (0.00%<sup>(g)</sup>)*** |  |
| 51134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PHP Ventures Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 5165 |
| ***Singapore (0.00%<sup>(g)</sup>)*** | ***Singapore (0.00%<sup>(g)</sup>)*** |  |
| 50470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A SPAC II Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 2024 |
| ***United States (0.17%)*** | ***United States (0.17%)*** |  |
| 44669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aimei Health Technology Co., Ltd., Strike Price $0.01, Expires 12/31/2049 | 14294 |
| 24649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro Merger Corp., Strike Price $11.50, Expires 12/31/2049 |  |
| 27690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpha Star Acquisition Corp., Strike Price $0.01, Expires 12/13/2026 | 3323 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Artius II Acquisition, Inc., Strike Price $0.01, Expires 12/31/2049 | 22000 |
| 30110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bayview Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 4818 |
| 13188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Black Hawk Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 15826 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Income Trust, Inc., Strike Price $0.01, Expires 10/21/2025 |  |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bleichroeder Acquisition Corp. I, Strike Price $0.01, Expires 01/01/2049 | 68000 |
| 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bowen Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 3828 |
| 58500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cayson Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | 9360 |
| 32760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centurion Acquisition Corp., Strike Price $11.50, Expires 08/01/2029 | 11138 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charlton Aria Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | 18000 |
| 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClearBridge Energy Midstream Opportunity Fund, Inc., Strike Price $0.01, Expires 10/13/2025 |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| 61161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CN Healthy Food Tech Group Corp., Strike Price $0.01, Expires 12/31/2049 | $44874 |
| 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cohen & Steers Infrastructure Fund, Inc., Strike Price $0.01, Expires 10/17/2025 |  |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DT Cloud Star Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | 6000 |
| 34404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ESH Acquisition Corp., Strike Price $10.00, Expires 12/31/2049 | 6021 |
| 57276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flag Ship Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | 6879 |
| 18571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSR III Acquisition Corp., Strike Price $0.01, Expires 01/01/2049 | 157668 |
| 64668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Horizon Space Acquisition I Corp., Strike Price $0.01, Expires 12/31/2049 | 10347 |
| 33524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IB Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 2682 |
| 29014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Melar Acquisition Corp. I, Strike Price $11.50, Expires 06/01/2031 | 4537 |
| 67514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mountain Crest Acquisition Corp. V, Strike Price $0.01, Expires 12/31/2049 | 5543 |
| 35695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OneMedNet Corp., Strike Price $11.50, Expires 12/31/2028 | 1867 |
| 3246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quetta Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 3733 |
| 66708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Welsbach Technology Metals Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 38023 |
| 52742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WinVest Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 5274 |
| 60341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yotta Acquisition Corp., Strike Price $0.01, Expires 12/31/2049 | 7603 |
|  |  | 471638 |
| **TOTAL RIGHTS** | **TOTAL RIGHTS** |  |
| **(Cost $441,568)** | **(Cost $441,568)** | **548569** |
| **WARRANTS (0.31%)** | **WARRANTS (0.31%)** |  |
| ***Canada (0.00%<sup>(g)</sup>)*** | ***Canada (0.00%<sup>(g)</sup>)*** |  |
| 53236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borealis Foods, Inc., Strike Price $11.50, Expires 02/09/2029 | 4073 |
| ***Cayman Islands (0.01%)*** | ***Cayman Islands (0.01%)*** |  |
| 25071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Healthcare AI Acquisition Corp., Strike Price $11.50, Expires 12/14/2026 | 755 |
| 24100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Namib Minerals, Strike Price $11.50, Expires 06/05/2030 | 3374 |
| 32014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nvni Group, Ltd., Strike Price $11.50, Expires 11/01/2028 | 2305 |
| 57401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TNL Mediagene, Strike Price $11.50, Expires 12/05/2029 | 350 |
| 14153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zapp Electric Vehicles Group, Ltd., Strike Price $11.50, Expires 03/03/2028 | 78 |
|  |  | 6862 |
| ***China (0.00%<sup>(g)</sup>)*** | ***China (0.00%<sup>(g)</sup>)*** |  |
| 16125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MicroAlgo, Inc., Strike Price $11.50, Expires 12/31/2027 | 195 |
| 52566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Youlife Group, Inc., Strike Price $11.50, Expires 07/10/2030 | 6308 |
|  |  | 6503 |
| ***Germany (0.00%<sup>(g)</sup>)*** | ***Germany (0.00%<sup>(g)</sup>)*** |  |
| 19034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Heramba Electric PLC, Strike Price $11.50, Expires 10/10/2028 | 114 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| ***Great Britain (0.00%<sup>(g)</sup>)*** | ***Great Britain (0.00%<sup>(g)</sup>)*** |  |
| 31335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClimateRock, Strike Price $11.50, Expires 06/01/2027 | $489 |
| ***Hong Kong (0.00%<sup>(g)</sup>)*** | ***Hong Kong (0.00%<sup>(g)</sup>)*** |  |
| 20306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MultiMetaVerse Holdings, Ltd., Strike Price $11.50, Expires 03/15/2027 | 33 |
| 36015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NewGenIvf Group, Ltd., Strike Price $11.50, Expires 06/26/2028 | 594 |
| 28984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Triller Group, Inc., Strike Price $11.50, Expires 03/15/2027 | 1530 |
|  |  | 2157 |
| ***Indonesia (0.00%<sup>(g)</sup>)*** | ***Indonesia (0.00%<sup>(g)</sup>)*** |  |
| 26628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Polibeli Group, Ltd., Strike Price $11.50, Expires 06/23/2030 | 2484 |
| ***Ireland (0.00%<sup>(g)</sup>)*** | ***Ireland (0.00%<sup>(g)</sup>)*** |  |
| 51043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SMX Security Matters PLC, Strike Price $11.50, Expires 03/07/2028 | 1128 |
| ***Israel (0.00%<sup>(g)</sup>)*** | ***Israel (0.00%<sup>(g)</sup>)*** |  |
| 55368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holdco Nuvo Group DG, Ltd., Strike Price $11.50, Expires 05/01/2029 | 28 |
| 44569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hub Cyber Security, Ltd., Strike Price $11.50, Expires 02/27/2028 | 864 |
| 77424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spree Acquisition Corp. 1, Ltd., Strike Price $11.50, Expires 12/22/2028 | 8 |
|  |  | 900 |
| ***Luxembourg (0.00%<sup>(g)</sup>)*** | ***Luxembourg (0.00%<sup>(g)</sup>)*** |  |
| 13063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moolec Science SA, Strike Price $11.50, Expires 09/27/2027 | 148 |
| ***Malaysia (0.00%<sup>(g)</sup>)*** | ***Malaysia (0.00%<sup>(g)</sup>)*** |  |
| 25567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PHP Ventures Acquisition Corp., Strike Price $11.50, Expires 08/16/2028 | 1128 |
| ***Singapore (0.01%)*** | ***Singapore (0.01%)*** |  |
| 25235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A SPAC II Acquisition Corp., Strike Price $11.50, Expires 05/03/2027 | 255 |
| 53773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ESGL Holdings, Ltd., Strike Price $11.50, Expires 04/13/2028 | 5915 |
| 54501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Euda Health Holdings, Ltd., Strike Price $11.50, Expires 09/24/2026 | 5848 |
| 19616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helport AI, Ltd., Strike Price $11.50, Expires 08/05/2029 | 3874 |
| 25712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RF Acquisition Corp. II, Strike Price $0.01, Expires 01/01/2049 | 2059 |
|  |  | 17951 |
| ***Switzerland (0.00%<sup>(g)</sup>)*** | ***Switzerland (0.00%<sup>(g)</sup>)*** |  |
| 43768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Growth Tech Acquisition Corp., Strike Price $11.50, Expires 05/19/2028 | 4 |
| ***United States (0.29%)*** | ***United States (0.29%)*** |  |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA Mission Acquisition Corp., Strike Price $11.50, Expires 08/01/2030 | 4000 |
| 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aldel Financial II, Inc., Strike Price $11.50, Expires 10/10/2029 | 35707 |
| 32785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AleAnna, Inc., Strike Price $11.50, Expires 12/13/2029 | 6229 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| 24649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro Merger Corp., Strike Price $11.50, Expires 12/31/2049 | $– |
| 27690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpha Star Acquisition Corp., Strike Price $11.50, Expires 12/13/2026 | 581 |
| 11896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AltEnergy Acquisition Corp., Strike Price $11.50, Expires 11/02/2028 | 378 |
| 32500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andretti Acquisition Corp. II, Strike Price $11.50, Expires 10/24/2029 | 6500 |
| 30397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AtlasClear Holdings, Inc., Strike Price $690.00, Expires 10/25/2028 | 821 |
| 81786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficient, Strike Price $11.50, Expires 06/07/2028 | 1178 |
| 23792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cactus Acquisition Corp. 1, Ltd., Strike Price $11.50, Expires 10/29/2026 | 714 |
| 51016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDT Equity, Inc., Strike Price $11.50, Expires 02/03/2027 | 539 |
| 54641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Classover Holdings, Inc., Strike Price $11.50, Expires 04/07/2030 | 4382 |
| 61161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CN Healthy Food Tech Group Corp., Strike Price $11.50, Expires 02/16/2029 | 6177 |
| 15030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concord Acquisition Corp. II, Strike Price $11.50, Expires 12/31/2028 | 601 |
| 2087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corner Growth Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 |  |
| 72474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DIH Holdings US, Inc., Strike Price $11.50, Expires 02/07/2028 | 725 |
| 17658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct Selling Acquisition Corp., Strike Price $11.50, Expires 09/30/2028 | 177 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dynamix Corp., Strike Price $11.50, Expires 12/06/2029 | 105500 |
| 21666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQV Ventures Acquisition Corp., Strike Price $11.50, Expires 07/01/2031 | 10833 |
| 54641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EVe Mobility Acquisition Corp., Strike Price $11.50, Expires 12/31/2028 | 2459 |
| 17137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everest Consolidator Acquisition Corp., Strike Price $11.50, Expires 07/19/2028 | 5 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FIGX Capital Acquisition Corp., Strike Price $11.50, Expires 06/26/2030 | 12000 |
| 30880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FutureTech II Acquisition Corp., Strike Price $11.50, Expires 02/16/2027 | 929 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gesher Acquisition Corp. II, Strike Price $11.50, Expires 03/12/2030 | 16000 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GigCapital7 Corp., Strike Price $11.50, Expires 09/11/2029 | 22500 |
| 9479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Gas Corp., Strike Price $11.50, Expires 10/29/2027 | 15 |
| 65531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Globalink Investment, Inc., Strike Price $11.50, Expires 12/03/2026 | 1972 |
| 29434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GP-Act III Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 | 7653 |
| 17500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graf Global Corp., Strike Price $11.50, Expires 08/07/2029 | 5775 |
| 15171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Haymaker Acquisition Corp. 4, Strike Price $11.50, Expires 09/12/2028 | 6068 |
| 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCM II Acquisition Corp., Strike Price $11.50, Expires 10/10/2029 | 18600 |
| 64668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Horizon Space Acquisition I Corp., Strike Price $11.50, Expires 01/26/2028 | 4307 |
| 50640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iCoreConnect, Inc., Strike Price $11.50, Expires 05/15/2028 | 127 |
| 39252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Integrated Rail and Resources Acquisition Corp., Strike Price $11.50, Expires 11/12/2026 | 9813 |
| 43768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Integrated Wellness Acquisition Corp., Strike Price $11.50, Expires 10/31/2028 | 1313 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** |
| 16682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jaws Mustang Acquisition Corp., Strike Price $11.50, Expires 01/30/2026 | $564 |
| 130463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kodiak AI, Inc., Strike Price $11.50, Expires 09/24/2030 | 138943 |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Launch One Acquisition Corp., Strike Price $11.50, Expires 08/29/2029 | 5753 |
| 27500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Launch Two Acquisition Corp., Strike Price $11.50, Expires 11/26/2029 | 10175 |
| 33437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legato Merger Corp. III, Strike Price $11.50, Expires 03/28/2029 | 11703 |
| 27504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lionheart Holdings, Strike Price $11.50, Expires 08/09/2029 | 7014 |
| 32500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M3-Brigade Acquisition V Corp., Strike Price $11.50, Expires 09/23/2030 | 39650 |
| 7755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maquia Capital Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 | 85 |
| 33472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nabors Energy Transition Corp. II, Strike Price $11.50, Expires 09/05/2028 | 9372 |
| 19815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nature's Miracle Holding, Inc., Strike Price $11.50, Expires 03/12/2029 | 111 |
| 21081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newbury Street Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 | 2 |
| 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newbury Street II Acquisition Corp., Strike Price $11.50, Expires 12/27/2029 | 11550 |
| 4228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Revival Acquisition Corp., Strike Price $11.50, Expires 12/31/2027 | 92 |
| 48836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OceanTech Acquisitions I Corp., Strike Price $11.50, Expires 05/10/2026 |  |
| 54328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSR Holdings, Inc., Strike Price $11.50, Expires 02/14/2030 | 2212 |
| 60878 | &nbsp;&nbsp;&nbsp;&nbsp;PERSHING SQUARE SPARC HOLDINGS, Strike Price $0.01, Expires 12/31/2049<sup>(h)</sup> |  |
| 35388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Presto Automation, Inc., Strike Price $11.50, Expires 09/21/2027 |  |
| 16945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Priveterra Acquisition Corp. II, Strike Price $11.50, Expires 01/07/2027 | 339 |
| 8612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PYXIS ONCOLOGY INC WTS, Strike Price $0.01, Expires 07/29/2027 | 225 |
| 37808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relativity Acquisition Corp., Strike Price $11.50, Expires 02/11/2027 | 1781 |
| 8333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverbox Corp. IV, Strike Price $11.50, Expires 09/24/2029 | 3667 |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIM Acquisition Corp. I, Strike Price $11.50, Expires 08/28/2029 | 9250 |
| 12102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southland Holdings, Inc., Strike Price $11.50, Expires 09/01/2026 | 2334 |
| 41072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Syntec Optics Holdings, Inc., Strike Price $11.50, Expires 11/08/2028 | 3581 |
| 32500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vine Hill Capital Investment Corp., Strike Price $11.50, Expires 10/25/2029 | 52000 |
| 34072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volato Group, Inc., Strike Price $11.50, Expires 12/03/2028 | 341 |
| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voyager Acquisition Corp., Strike Price $11.50, Expires 05/16/2031 | 4250 |
| 12789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VSee Health, Inc., Strike Price $11.50, Expires 11/04/2028 | 216 |
| 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Willow Lane Acquisition Corp., Strike Price $11.50, Expires 12/28/2029 | 182039 |
| 52742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WinVest Acquisition Corp., Strike Price $11.50, Expires 08/09/2026 | 1060 |
| 60341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yotta Acquisition Corp., Strike Price $11.50, Expires 03/15/2027 | 1810 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Value<br> (Note 2)** | **Value<br> (Note 2)** |
| 48471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZyVersa Therapeutics, Inc., Strike Price $11.50, Expires 12/20/2026 | $| 3393 |
|  |  |  | 798090 |
| **TOTAL WARRANTS** | **TOTAL WARRANTS** |  |  |
| **(Cost $745,406)** | **(Cost $745,406)** |  | **842031** |
| **EXCHANGE TRADED FUNDS - COMMON SHARES (5.80%)** | **EXCHANGE TRADED FUNDS - COMMON SHARES (5.80%)** |  |  |
| ***United States (5.80%)*** | ***United States (5.80%)*** | ***United States (5.80%)*** | ***United States (5.80%)*** |
| 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares Flexible Income Active ETF |  | 15972000 |
| **TOTAL EXCHANGE TRADED FUNDS - COMMON SHARES** | **TOTAL EXCHANGE TRADED FUNDS - COMMON SHARES** |  |  |
| **(Cost $15,777,987)** | **(Cost $15,777,987)** |  | **15972000** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal <br> Amount** | **Description** | **Rate** | **Maturity <br> Date** | **Value <br> (Note 2)** |
| **GOVERNMENT BOND (1.44%)** | **GOVERNMENT BOND (1.44%)** | **GOVERNMENT BOND (1.44%)** | **GOVERNMENT BOND (1.44%)** | |
| ***United States (1.44%)*** |  |  |  |  |
| $&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Bill<sup>(a)(b)</sup> | 3.897% | 12/18/25 | 3966579 |
| **TOTAL GOVERNMENT BOND** | **TOTAL GOVERNMENT BOND** |  |  |  |
| **(Cost $3,966,649)** | **(Cost $3,966,649)** |  |  | **3966579** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Expiration Date** | **Strike Price** | **Contracts** | **Notional <br> Value** | **Value <br> (Note 2)** |
| **PURCHASED OPTION CONTRACTS (0.05%)** | **PURCHASED OPTION CONTRACTS (0.05%)** | **PURCHASED OPTION CONTRACTS (0.05%)** | **PURCHASED OPTION CONTRACTS (0.05%)** | **PURCHASED OPTION CONTRACTS (0.05%)** | |
| **Put Option Contracts (0.05%)** | **Put Option Contracts (0.05%)** | **Put Option Contracts (0.05%)** | **Put Option Contracts (0.05%)** | **Put Option Contracts (0.05%)** | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Options Clearing Corporation | 10/17/2025 | $240.00 | 81 | 1972755 | 37260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Options Clearing Corporation | 10/24/2025 | 98.00 | 272 | 2664784 | 93160 |
| **TOTAL PURCHASED OPTIONS** | **TOTAL PURCHASED OPTIONS** |  |  |  |  |
| **(Cost $172,594)** |  |  |  | **4637539** | **130420** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **7-Day <br> Yield** | **Value <br> (Note 2)** |
| **SHORT-TERM INVESTMENTS (3.83%)** | **SHORT-TERM INVESTMENTS (3.83%)** | **SHORT-TERM INVESTMENTS (3.83%)** | |
| ***United States (3.83%)*** | ***United States (3.83%)*** |  |  |
| 10529110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Money Market Fund Premier Class | 4.057% | 10529110 |
| **TOTAL SHORT-TERM INVESTMENTS** | **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| **(Cost $10,529,110)** | **(Cost $10,529,110)** |  | **10529110** |

---

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS (135.66%)** |  |
| **(Cost $336,239,138)** | $**373414902** |
| **Series A Cumulative Perpetual Preferred Shares (-35.51%)** | (97750000) |
| **Other Assets In Excess Of Liabilities ((0.15%))<sup>(i)</sup>** | (406711) |
| **NET ASSETS ATTRIBUTABLE TO COMMON SHAREHOLDERS (100.00%)** | $**275258191** |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF SECURITIES SOLD SHORT** | **SCHEDULE OF SECURITIES SOLD SHORT** | **SCHEDULE OF SECURITIES SOLD SHORT** |
| **Description** | **Shares** | **Value<br> (Note 2)** |
| **SPECIAL PURPOSE ACQUISITION COMPANIES - COMMON SHARES/UNITS (-1.58%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. | (3500) | $(768495) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies, Inc. | (5620) | (550592) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Corp. | (27000) | (1851660) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings, Inc. | (3000) | (778320) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | (265) | (137257) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIKE, Inc. | (1710) | (119238) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | (754) | (140681) |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES - COMMON SHARES/UNITS** |  | **(4346243)** |
| **EXCHANGE TRADED FUNDS - COMMON SHARES (-1.53%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard<sup>®</sup> S&P 500<sup>®</sup> ETF | (6879) | (4212562) |
| **TOTAL EXCHANGE TRADED FUNDS - COMMON SHARES** |  | **(4212562)** |
| **CLOSED-END FUNDS - COMMON SHARES (-1.41%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR Portfolio S&P 500 ETF | (49450) | (3873913) |
| **TOTAL CLOSED-END FUNDS - COMMON SHARES** |  | **(3873913)** |
| **TOTAL SECURITIES SOLD SHORT** |  |  |
| (**Proceeds $12,239,253**) |  | $**(12432718)** |

---

*<sup>(a)</sup>* *All or a portion of the security is pledged as collateral for any loan payable. As of September 30, 2025, the aggregate value of those securities was $4,000,000, representing 1.45% of net assets.*

*<sup>(b)</sup>* *All or a portion of the security is pledged as collateral for securities sold short. As of September 30, 2025, the aggregate value of those securities was $13,008,346 representing 4.73% of net assets.*

*<sup>(c)</sup>* *Perpetual maturity.*

*<sup>(d)</sup>* *Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2025, the market value of those Rule 144A securities held by the Fund was $3,493,938 representing 1.27% of the Fund's net assets.*

*<sup>(e)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, as amended, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Directors (the "Board"). As of September 30, 2025, the aggregate fair value of those securities was $280,666 representing 0.10% of net assets.*

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

*<sup>(g)</sup>* *Less than 0.005%.*

*<sup>(h)</sup>* *The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

*<sup>(i)</sup>* *Includes cash in the amount of $4,144,463 which is being held as collateral for securities sold short.*

 

*See Notes to Quarterly Statement of Investments.*

 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **WRITTEN OPTION CONTRACTS (-0.05%)** | **WRITTEN OPTION CONTRACTS (-0.05%)** | **WRITTEN OPTION CONTRACTS (-0.05%)** | **WRITTEN OPTION CONTRACTS (-0.05%)** | **WRITTEN OPTION CONTRACTS (-0.05%)** | | |
| **Description** | **Expiration Date** | **Strike Price** | **Contracts** | **Premiums <br> Received** |<br>**Notional <br> Amount** |<br>**Value <br> (Note 2)** |
| **Call Option Contracts (-0.05%)** | **Call Option Contracts (-0.05%)** | **Call Option Contracts (-0.05%)** | **Call Option Contracts (-0.05%)** | **Call Option Contracts (-0.05%)** | | |
| Alphabet, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Options Clearing Corporation | 10/17/2025 | $245.00 | (80) | 56320 | $(1948400) | $(47800) |
| Uber Technologies, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Options Clearing Corporation | 10/24/2025 | 99.00 | (271) | 114921 | (2654987) | (87398) |
| **TOTAL WRITTEN OPTION CONTRACTS** | **TOTAL WRITTEN OPTION CONTRACTS** | **TOTAL WRITTEN OPTION CONTRACTS** | **TOTAL WRITTEN OPTION CONTRACTS** |  |  |  |
| **(Cost $-171,241)** | **(Cost $-171,241)** | **(Cost $-171,241)** |  |  | **(4603387)** | **(135198)** |

---

RiverNorth Opportunities Fund, Inc.

Notes to Quarterly Statement of Investments

September 30, 2025 (Unaudited)

1. ORGANIZATION

RiverNorth Opportunities Fund, Inc. (the "Fund") was organized as a Maryland corporation on September 9, 2010. The Fund commenced operations on December 24, 2015, and had no operations until that date other than those related to organizational matters and the registration of its shares under applicable securities laws.

On May 15, 2024, the Board of Directors of the Fund (the "Board") approved a change in the Fund's fiscal year from July 31 to June 30.

The Fund is a diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund's Articles of Amendment and Restatement permit the Board of Directors (the "Board" or "Directors") to authorize and issue 37,500,000 shares of common stock with $0.0001 par value per share, 3,910,000 of which have been reclassified as Series A Perpetual Preferred Stock. The Fund is considered an investment company and therefore follows the Investment Company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 *Financial Services – Investment Companies.*

The Fund may be converted to an open-end investment company at any time if approved by two-thirds of the Board and at least two-thirds of the Fund's total outstanding shares. If the Fund converted to an open-end investment company, it would be required to redeem all preferred stock of the Fund then outstanding, if any (requiring in turn that it liquidate a portion of its investment portfolio). Conversion to open-end status could also require the Fund to modify certain investment restrictions and policies. The Board may at any time (but is not required to) propose conversion of the Fund to open-end status, depending upon its judgment regarding the advisability of such action in light of circumstances then prevailing.

The Fund's investment adviser is RiverNorth Capital Management, LLC (the "Adviser"). The Fund's investment objective is total return consisting of capital appreciation and current income.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Fund. These policies are in conformity with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The financial statements are prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts and disclosures, including the disclosure of contingent assets and liabilities, in the financial statements during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual results may differ from those estimates, and the security valuations reflected in the financial statements may differ from the value the Fund ultimately realizes upon sale of the securities. The financial statements have been prepared as of the close of the New York Stock Exchange ("NYSE") on September 30, 2025.

The Fund invests in closed-end funds, exchange-traded funds and business development companies (collectively, "Underlying Funds"), each of which has its own investment risks. Those risks can affect the value of the Fund's investments and therefore the value of the Fund's shares. To the extent that the Fund invests more of its assets in one Underlying Fund than in another, the Fund will have greater exposure to the risks of that Underlying Fund.

Security Valuation: The Fund's investments are generally valued at their fair value using market quotations. If a market quotation is unavailable, a security may be valued at its estimated fair value as described in Note 3.

**Securities Transactions and Investment Income:** Investment security transactions are accounted for on a trade date basis. Dividend income is recorded on the ex-dividend date. Interest income, which includes accretion of discounts and amortization of premiums calculated using yield to maturity, is accrued and recorded as earned. Realized gains and losses from securities transactions and unrealized appreciation and depreciation of securities are determined using the specific identification method for both financial reporting and tax purposes.

3. SECURITIES VALUATION AND FAIR VALUE MEASUREMENTS

Fair value is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. U.S. GAAP establishes a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Level 1** – | Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date; |
| &nbsp;&nbsp;&nbsp;**Level 2** – | Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and |
| &nbsp;&nbsp;&nbsp;**Level 3** – | Significant unobservable prices or inputs (including the Fund's own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date. |

---

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Equity securities, including closed-end funds, exchange-traded funds and business development companies, are generally valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser believes such prices more accurately reflect the fair market value of such securities. Securities that are traded on any stock exchange are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an exchange traded security is generally valued by the pricing service at its last bid price. Securities traded in the NASDAQ over-the-counter market are generally valued by the pricing service at the NASDAQ Official Closing Price. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Fund will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2 security. When market quotations are not readily available, when the Adviser determines that the market quotation or the price provided by the pricing service does not accurately reflect the current fair value, or when restricted or illiquid securities are being valued, such securities are valued as determined in good faith by the Adviser, as valuation designee, in conformity with guidelines adopted by and subject to review by the Board. These securities will be categorized as Level 3 securities.

Investments in mutual funds, including short-term investments, are generally priced at the ending NAV provided by the service agent of the funds. These securities will be classified as Level 1 securities.

Domestic and foreign fixed income securities, including foreign and U.S. corporate bonds, foreign and U.S. government bonds, and business development company notes are normally valued on the basis of quotes obtained from brokers and dealers or independent pricing services. Foreign currency positions, including forward foreign currency contracts, are priced at the mean between the closing bid and asked prices at 4:00 p.m. Eastern Time. Prices obtained from independent pricing services typically use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Data used to establish quotes includes analysis of cash flows, pre-payment speeds, default rates, delinquency assumptions and assumptions regarding collateral and loss assumptions. These securities will be classified as Level 2 securities.

Pursuant to the requirements of Rule 2a-5 under the 1940 Act, the Board approved updated valuation procedures for the Fund and designated the Adviser as the Fund's valuation designee to make all fair valuation determinations with respect to the Fund's portfolio investments, subject to the Board's oversight.

In accordance with the Fund's good faith pricing guidelines, the Adviser is required to consider all appropriate factors relevant to the value of securities for which it has determined other pricing sources are not available or reliable as described above. No single standard exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale. Methods which are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) discounted cash flow models; (iii) weighted average cost or weighted average price; (iv) a discount from market of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (v) yield to maturity with respect to debt issues, or a combination of these and other methods. Good faith pricing is permitted if, in the Adviser's opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before the Fund's NAV calculation that may affect a security's value, or the Adviser is aware of any other data that calls into question the reliability of market quotations.

Good faith pricing may also be used in instances when the bonds in which the Fund invests default or otherwise cease to have market quotations readily available.

The following is a summary of the inputs used to value the Fund's investments as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value** | **Level 1 - <br> Quoted Prices** | **Level 2 - <br> Other Significant Observable Inputs** | **Level 3 - <br> Significant Unobservable Inputs** | **Total** |
| Closed-End Funds - Common Shares | $148681815 | $– | $– | $148681815 |
| Closed-End Funds - Preferred Shares | 1506952 |  |  | 1506952 |
| Business Development Companies - Common Shares | 596364 |  |  | 596364 |
| Business Development Companies - Preferred Shares | 5290767 | 889828 |  | 6180595 |
| Business Development Company Notes | 2714107 | 984498 |  | 3698605 |
| Corporate Bonds |  | 40559790 |  | 40559790 |
| Special Purpose Acquisition Companies - Common Shares/Units | 139176702 | 1025370 | –<sup>(1)</sup> | 140202072 |
| Rights | 519132 | 29437 |  | 548569 |
| Warrants | 816772 | 25259 | –<sup>(1)</sup> | 842031 |
| Exchange Traded Funds - Common Shares | 15972000 |  |  | 15972000 |
| Government Bond |  | 3966579 |  | 3966579 |
| Purchased Options | 130420 |  |  | 130420 |
| Short-Term Investments | 10529110 | – | – | 10529110 |
| &nbsp;&nbsp;&nbsp;Total | $325934141 | $47480761 | $– | $373414902 |
| **Other Financial Instruments** |  |  |  |  |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Securities Sold Short | Securities Sold Short | Securities Sold Short | Securities Sold Short | Securities Sold Short |
| &nbsp;&nbsp;&nbsp;Special Purpose Acquisition Companies - Common Shares/Units | $(4346243) | $– | $– | $(4346243) |
| &nbsp;&nbsp;&nbsp;Exchange Traded Funds - Common Shares | (4212562) |  |  | (4212562) |
| &nbsp;&nbsp;&nbsp;Closed-End Funds - Common Shares | (3873913) | – | – | (3873913) |
| &nbsp;&nbsp;&nbsp;Total | $(12432718) | $– | $– | $(12432718) |

---

*<sup>(1)</sup>* *Includes a security valued at zero.*

For the period ended September 30, 2025, there were no significant transfers into/out of Level 3.

**Short Sale Risks:** The Fund and the Underlying Funds may engage in short sales. A short sale is a transaction in which a fund sells a security it does not own in anticipation that the market price of that security will decline. To establish a short position, a fund must first borrow the security from a broker or other institution. The fund may not always be able to borrow a security at a particular time or at an acceptable price. Accordingly, there is a risk that a fund may be unable to implement its investment strategy due to the lack of available securities or for other reasons. After selling a borrowed security, a fund is obligated to "cover" the short sale by purchasing and returning the security to the lender at a later date. The Fund and the Underlying Funds cannot guarantee that the security will be available at an acceptable price. Positions in shorted securities are speculative and more risky than long positions (purchases) in securities because the maximum sustainable loss on a security purchased is limited to the amount paid for the security plus the transaction costs, whereas there is no maximum attainable price of the shorted security. Therefore, in theory, securities sold short have unlimited risk. Short selling will also result in higher transaction costs (such as interest and dividends), and may result in higher taxes, which reduce a fund's return.

**Special Purpose Acquisition Company Risk:** The Fund may invest in special purpose acquisition companies ("SPACs"). SPACs are collective investment structures that pool funds in order to seek potential acquisition opportunities. SPACs are generally publicly traded companies that raise funds through an initial public offering ("IPO") for the purpose of acquiring or merging with another company to be identified subsequent to the SPAC's IPO. The securities of a SPAC are often issued in "units" that include one share of common stock and one right or warrant (or partial right or warrant) conveying the right to purchase additional shares or partial shares. Unless and until an acquisition is completed, a SPAC generally invests its assets (less an amount to cover expenses) in U.S. Government securities, money market fund securities and cash. SPACs and similar entities may be blank check companies with no operating history or ongoing business other than to seek a potential acquisition. Accordingly, the value of their securities is particularly dependent on the ability of the entity's management to identify and complete a profitable acquisition. Certain SPACs may seek acquisitions only in limited industries or regions, which may increase the volatility of their prices. If an acquisition or merger that meets the requirements for the SPAC is not completed within a predetermined period of time, the invested funds are returned to the entity's shareholders, less certain permitted expenses. Accordingly, any rights or warrants issued by the SPAC will expire worthless. Certain private investments in SPACs may be illiquid and/or be subject to restrictions on resale. Additionally, the Fund may acquire certain private rights and other interests issued by a SPAC (commonly referred to as "founder shares"), which may be subject to forfeiture or expire worthless and which typically have more limited liquidity than SPAC shares issued in an IPO. To the extent the SPAC is invested in cash or similar securities, this may impact a Fund's ability to meet its investment objective.

**Private Debt Risk:** The Fund may invest in notes issued by private funds ("private debt"). Private debt often may be illiquid and is typically not listed on an exchange and traded less actively than similar securities issued by public funds. For certain private debt, trading may only be possible through the assistance of the broker who originally brought the security to the market and has a relationship with the issuer. Due to the limited trading market, independent pricing services may be unable to provide a price for private debt, and as such the fair value of the securities may be determined in good faith under procedures approved by the Board, which typically will include the use of one or more independent broker quotes.

**Rights and Warrants Risks:** Warrants are securities giving the holder the right, but not the obligation, to buy the stock of an issuer at a given price (generally higher than the value of the stock at the time of issuance) during a specified period or perpetually. Warrants do not carry with them the right to dividends or voting rights with respect to the securities that they entitle their holder to purchase and they do not represent any rights in the assets of the issuer. As a result, warrants may be considered to have more speculative characteristics than certain other types of investments. In addition, the value of a warrant does not necessarily change with the value of the underlying securities and a warrant ceases to have value if it is not exercised prior to its expiration date.

Rights are usually granted to existing shareholders of a corporation to subscribe to shares of a new issue of common stock before it is issued to the public. The right entitles its holder to buy common stock at a specified price. Rights have similar features to warrants, except that the life of a right is typically much shorter, usually a few weeks.

During the period ended September 30, 2025, the Fund invested in rights and warrants, which are disclosed in the Statement of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RIVERNORTH OPPORTUNITIES FUND INC.

- **b. Investment Company Act file number:** 811-22472

- **c. CIK number of Registrant:** 0001501072

- **d. LEI of Registrant:** 5493001RICR0OU8TM159

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

  - **Street Address 1:** 360 S. Rosemary Avenue Suite 1420

  - **City:** West Palm Beach

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33401

  - **Telephone number:** 312-445-2249

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

- **a. Name of Series:** RiverNorth Opportunities Fund Inc.

- **c. LEI of Series:** 5493001RICR0OU8TM159

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $388785612.37

**Total Liabilities:** $113527801.14

**Net Assets:** $275257811.23

**Cash Not Reported:** $1397.31

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.53%                | 2.50%                | -2.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $971384.18               | $1045066.44                                |
| Month 2  | $844104.52               | $4705127.26                                |
| Month 3  | $361791.35               | $4400882.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lakeshore Acquisition Iii Corp                        | Lakeshore Acquisition III Corp.                                     | CUSIP: G5353S129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1026000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Munivest Fund Inc                           | BlackRock MuniVest Fund, Inc.                                       | CUSIP: 09253R105<br>LEI: 68LQJ5NLUNQI2T9OLL41 | Long             | EC               | RF                | US        |     19728 | NS      | $135334.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Multi-sector Income Trust                   | BlackRock Multi-Sector Income Trust                                 | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             | EC               | RF                | US        |    191691 | NS      | $2566742.49   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ib Acquisition Corp                                   | IB Acquisition Corp.                                                | CUSIP: 44934N116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     33524 | NC      | $2681.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corner Growth Acquisition Corp                        | Corner Growth Acquisition Corp.                                     | CUSIP: G2425N113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2087 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Welsbach Technology Metals Acquisition Corp           | Welsbach Technology Metals Acquisition Corp.                        | CUSIP: 950415117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     66708 | NC      | $38023.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Championsgate Acquisition Corp                        | ChampionsGate Acquisition Corp.                                     | CUSIP: G2124S124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     37500 | NS      | $379875.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman Dbdr Acquisition Corp Ii                        | Roman DBDR Acquisition Corp. II                                     | CUSIP: G7633M120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1050010.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| A Paradise Acquisition Corp                           | A Paradise Acquisition Corp.                                        | CUSIP: G04819119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50000 | NC      | $8000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Income Trust                      | BlackRock Municipal Income Trust                                    | CUSIP: 09248F109<br>LEI: R3ITLLW1CUEQICP4XR90 | Long             | EC               | RF                | US        |    341608 | NS      | $3433160.40   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Youlife Group Inc                                     | Youlife Group, Inc.                                                 | CUSIP: G9878M112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     52566 | NC      | $6307.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbus Acquisition Corp                             | Columbus Acquisition Corp.                                          | CUSIP: G2295P123<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1020000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chenghe Acquisition Iii Co                            | Chenghe Acquisition III Co.                                         | CUSIP: G2086N113<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $998000.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike Inc                                              | NIKE, Inc.                                                          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Short            | EC               | CORP              | US        |     -1710 | NS      | $-119238.30   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Credit Income                                | Blue Owl Credit Income Corp.                                        | CUSIP: 69120VAA9<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |       428 | PA      | $422.01       | 0.00%             | 2026-09-23      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Live Oak Acquisition Corp V                           | Live Oak Acquisition Corp. V                                        | CUSIP: G5509P128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Osr Holdings Inc                                      | OSR Holdings, Inc.                                                  | CUSIP: 68840D110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     54328 | NC      | $2211.15      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Artius Ii Acquisition Inc                             | Artius II Acquisition, Inc.                                         | CUSIP: G0509J115<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1013000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bleichroeder Acquisition Corp I                       | Bleichroeder Acquisition Corp. I                                    | CUSIP: G1169T104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Infrastructure Fund Inc                | Cohen & Steers Infrastructure Fund, Inc.                            | CUSIP: 19248A117<br>LEI: T085JMDV2CFIPONRA870 | N/A              | DE               | CORP              | US        |         5 | NC      | $0.39         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Archimedes Tech Spac Partners Ii Co                   | Archimedes Tech SPAC Partners II Co.                                | CUSIP: G04537117<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     90000 | NS      | $918000.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Consolidator Acquisition Corp                 | Everest Consolidator Acquisition Corp.                              | CUSIP: 29978K110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     17137 | NC      | $5.14         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nmp Acquisition Corp                                  | NMP Acquisition Corp.                                               | CUSIP: G6375X120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1011000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| K&f Growth Acquisition Corp Ii                        | K&F Growth Acquisition Corp. II                                     | CUSIP: G52258103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1030000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Classover Holdings Inc                                | Classover Holdings, Inc.                                            | CUSIP: 182744110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     54641 | NC      | $4382.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rf Acquisition Corp Ii                                | RF Acquisition Corp. II                                             | CUSIP: G75389117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25712 | NC      | $2059.53      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Resources & Commodities Strategy Trust      | BlackRock Resources & Commodities Strategy Trust                    | CUSIP: 09257A108<br>LEI: 8DZAUY8151XS5PISSX42 | Long             | EC               | RF                | US        |    669245 | NS      | $6806221.65   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp Iv                                     | Silverbox Corp. IV                                                  | CUSIP: G81354121<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      8333 | NC      | $3666.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Credit Income                                | Blue Owl Credit Income Corp.                                        | CUSIP: 69120VAP6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2838391.90   | 1.03%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Trailblazer Acquisition Corp                          | Trailblazer Acquisition Corp.                                       | CUSIP: G9009S129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1022500.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wen Acquisition Corp                                  | Wen Acquisition Corp.                                               | CUSIP: G9R39C129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25000 | NS      | $260750.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lend                                | Oaktree Specialty Lending Corp.                                     | CUSIP: 67401PAD0<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6210966.36   | 2.26%             | 2029-02-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Php Ventures Acquisition Corp                         | PHP Ventures Acquisition Corp.                                      | CUSIP: 69291C114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25567 | NC      | $1127.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stonebridge Acquisition Ii Corp                       | StoneBridge Acquisition II Corp.                                    | CUSIP: G85096124<br>LEI: 5493000AJ4C5DLO2PK42 | Long             | EC               | CORP              | KY        |     99000 | NS      | $987030.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Newbury Street Ii Acquisition Corp                    | Newbury Street II Acquisition Corp.                                 | CUSIP: G6439S117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50000 | NC      | $11550.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Future Vision Ii Acquisition Corp                     | Future Vision II Acquisition Corp.                                  | CUSIP: G37068114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     65000 | NC      | $8456.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Melar Acquisition Corp I                              | Melar Acquisition Corp. I                                           | CUSIP: G6004G100<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     58028 | NS      | $609294.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Abrdn Emerging Markets Ex China Fund Inc              | abrdn Emerging Markets Equity Income Fund, Inc.                     | CUSIP: 00301W105<br>LEI: 549300MSYUW07RYUZD27 | Long             | EC               | RF                | US        |    429082 | NS      | $2780451.36   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Direct Selling Acquisition Corp                       | Direct Selling Acquisition Corp.                                    | CUSIP: 25460L111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     17658 | NC      | $176.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Centurion Acquisition Corp                            | Centurion Acquisition Corp.                                         | CUSIP: G20315100<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65520 | NS      | $691236.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Space Acquisition Ii Corp                     | HORIZON SPACE ACQUISITION II Corp.                                  | CUSIP: G4627B129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    130000 | NS      | $1362400.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| New Providence Acquisition Corp Iii                   | New Providence Acquisition Corp. III                                | CUSIP: G6476A128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1025000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lend                               | Blackstone Secured Lending Fund                                     | CUSIP: BQ6378161<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    290000 | PA      | $280665.56    | 0.10%             | 2027-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| M3-brigade Acquisition Vi Corp                        | M3-Brigade Acquisition VI Corp.                                     | CUSIP: G63221124<br>LEI: 529900K3KULJYPOBI946 | Long             | EC               | CORP              | KY        |    100000 | NS      | $1012000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniholdings Fund Inc                       | BlackRock MuniHoldings Fund, Inc.                                   | CUSIP: 09253N104<br>LEI: MZBVMGS24JR92TGE6Z32 | Long             | EC               | RF                | US        |    167757 | NS      | $1971144.75   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Esh Acquisition Corp                                  | ESH Acquisition Corp.                                               | CUSIP: 296424112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     34404 | NC      | $6020.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aleanna Inc                                           | AleAnna, Inc.                                                       | CUSIP: 01444V111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32785 | NC      | $6229.15      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Figx Capital Acquisition Corp                         | FIGX Capital Acquisition Corp.                                      | CUSIP: G3473K100<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $999000.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tnl Mediagene                                         | TNL Mediagene                                                       | CUSIP: G8924F113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     57401 | NC      | $350.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 1rt Acquisition Corp                                  | 1RT Acquisition Corp.                                               | CUSIP: G6757R121<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     44019 | NS      | $464400.45    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Municipal Opportunity Trust                   | Invesco Municipal Opportunity Trust                                 | CUSIP: 46132C107<br>LEI: WERC5RXCUSU16MOTZ848 | Long             | EC               | RF                | US        |    102815 | NS      | $994221.05    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisition Ii Corp             | Drugs Made In America Acquisition II Corp.                          | CUSIP: G2851K120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $994500.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sim Acquisition Corp I                                | SIM Acquisition Corp. I                                             | CUSIP: G8431T101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $527000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gcl Global Holdings Ltd                               | GCL Global Holdings, Ltd.                                           | CUSIP: G3777K111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     64612 | NC      | $4005.94      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniyield Quality Fund Ii Inc               | BlackRock MuniYield Quality Fund II, Inc.                           | CUSIP: 09254G108<br>LEI: PRQP520S3DVB025IWS24 | Long             | EC               | RF                | US        |    300215 | NS      | $3011156.45   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Space Acquisition I Corp                      | Horizon Space Acquisition I Corp.                                   | CUSIP: G4619M117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     64668 | NC      | $4306.89      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charlton Aria Acquisition Corp                        | Charlton Aria Acquisition Corp.                                     | CUSIP: G9877L107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1036000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares 10+ Year Investment Grade Corporate Bond Etf  | iShares 10+ Year Investment Grade Corporate Bond ETF                | CUSIP: 464289511<br>LEI: 5493002XJCHL78PKW767 | Long             | EC               | RF                | US        |    136777 | NS      | $7049486.58   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings                                    | Lionheart Holdings                                                  | CUSIP: G5501C117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     27504 | NC      | $7013.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Equity Fund                             | Clough Global Equity Fund                                           | CUSIP: 18914C100<br>LEI: 549300SI1THLT6A9J147 | Long             | EC               | RF                | US        |    213277 | NS      | $1623037.97   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Yhn Acquisition I Ltd                                 | YHN Acquisition I, Ltd.                                             | CUSIP: G1514D127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     65000 | NC      | $9100.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spree Acquisition Corp 1 Ltd                          | Spree Acquisition Corp. 1, Ltd.                                     | CUSIP: G83745128<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     77424 | NC      | $7.74         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Howard Hughes Holdings Inc                            | Howard Hughes Holdings, Inc.                                        | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |    117708 | NS      | $9672066.36   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Presto Automation Inc                                 | Presto Automation, Inc.                                             | CUSIP: 74113T113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     35388 | NC      | $0.04         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cal Redwood Acquisition Corp                          | Cal Redwood Acquisition Corp.                                       | CUSIP: G17564124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1017000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Climaterock                                           | ClimateRock                                                         | CUSIP: G2311X118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     31335 | NC      | $488.83       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aa Mission Acquisition Corp                           | AA Mission Acquisition Corp.                                        | CUSIP: G1000R101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $526000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Credit Income                                | Blue Owl Credit Income Corp.                                        | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   2492000 | PA      | $2457129.74   | 0.89%             | 2026-09-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Pershing Square Sparc Hldgs Ltd                       | PERSHING SQUARE SPARC HOLDINGS                                      | CUSIP: 714920113<br>LEI: 5493000J0QXAU1Z8FB80 | N/A              | DE               | CORP              | US        |     60878 | NC      | $0.61         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Blue Owl Technology Fina                              | Blue Owl Technology Finance Corp.                                   | CUSIP: 691205AC2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2493858.00   | 0.91%             | 2025-12-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Cdt Equity Inc                                        | CDT Equity, Inc.                                                    | CUSIP: 20678X114<br>LEI: 8945004VIUFZVV38UL77 | N/A              | DE               | CORP              | US        |     51016 | NC      | $538.93       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Esgl Holdings Ltd                                     | ESGL Holdings, Ltd.                                                 | CUSIP: G3R95P116<br>LEI: 213800V64QEQ386T3V48 | N/A              | DE               | CORP              | US        |     53773 | NC      | $5915.03      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Acquisition Corp                                | Rithm Acquisition Corp.                                             | CUSIP: G75751126<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25000 | NS      | $260000.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jaws Mustang Acquisition Corp                         | Jaws Mustang Acquisition Corp.                                      | CUSIP: G50737124<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     16682 | NC      | $563.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Solarius Capital Acquisition Corp                     | Solarius Capital Acquisition Corp.                                  | CUSIP: G82617120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1008000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp                            | Centurion Acquisition Corp.                                         | CUSIP: G20315118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32760 | NC      | $11138.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berto Acquisition Corp                                | BERTO ACQUISITION Corp.                                             | CUSIP: G1051H127<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     43750 | NS      | $468562.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| The Options Clearing Corporation                      | Alphabet, Inc.                                                      | CUSIP: 52X9992G1<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        81 | NC      | $37260.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Quantumsphere Acquisition Corp                        | Quantumsphere Acquisition Corp.                                     | CUSIP: G7387B122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1013000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountain Crest Acquisition Corp V                     | Mountain Crest Acquisition Corp. V                                  | CUSIP: 62404B115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     67514 | NC      | $5542.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corporation                      | Alphabet, Inc.                                                      | CUSIP: 52W99Q1N0<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |       -80 | NC      | $-47800.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Newhold Investment Corp Iii                           | NewHold Investment Corp. III                                        | CUSIP: G6486E128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1034000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisition Corp                | Drugs Made In America Acquisition Corp.                             | CUSIP: G2847J120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Acquisition Corp Ii                            | Armada Acquisition Corp. II                                         | CUSIP: G0R38G120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sim Acquisition Corp I                                | SIM Acquisition Corp. I                                             | CUSIP: G8431T119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25000 | NC      | $9250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eve Mobility Acquisition Corp                         | EVe Mobility Acquisition Corp.                                      | CUSIP: G3218G117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     54641 | NC      | $2458.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Newgenivf Group Ltd                                   | NewGenIvf Group, Ltd.                                               | CUSIP: G0544E113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     36015 | NC      | $594.25       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Total Dynamic Dividend                         | abrdn Total Dynamic Dividend Fund                                   | CUSIP: 00326L100<br>LEI: 254900D48NKNOGZ95B43 | Long             | EC               | RF                | US        |    298780 | NS      | $2826458.80   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Moolec Science Sa                                     | Moolec Science SA                                                   | CUSIP: L64875112<br>LEI: 213800WD8XQSQDX4A963 | N/A              | DE               | CORP              | US        |     13063 | NC      | $147.61       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Capital Corp X                              | Churchill Capital Corp. X                                           | CUSIP: G2130T124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1353000.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Willow Lane Acquisition Corp                          | Willow Lane Acquisition Corp.                                       | CUSIP: G9675P102<br>LEI: 254900Z85UYRON5ZBZ90 | Long             | EC               | CORP              | KY        |    130000 | NS      | $1505400.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                                       | Brookfield Corp.                                                    | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Short            | EC               | CORP              | CA        |    -27000 | NS      | $-1851660.00  | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Ai Acquisition Corp                        | Healthcare AI Acquisition Corp.                                     | CUSIP: G4373K117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25071 | NC      | $754.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mountain Lake Acquisition Corp                        | Mountain Lake Acquisition Corp.                                     | CUSIP: G6301B119<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust High Yield Opportunities 2027 Term Fund   | First Trust High Yield Opportunities 2027 Term Fund                 | CUSIP: 33741Q107<br>LEI: 549300VWTG40J7RZE994 | Long             | EC               | RF                | US        |    190819 | NS      | $2764967.31   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp Ii                            | Sizzle Acquisition Corp. II                                         | CUSIP: G8193F125<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1021000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Integrated Rail And Resources Acquisition Corp        | Integrated Rail and Resources Acquisition Corp.                     | CUSIP: 45827R114<br>LEI: 549300G3080C4RIDLA64 | N/A              | DE               | CORP              | US        |     39252 | NC      | $9813.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch One Acquisition Corp                           | Launch One Acquisition Corp.                                        | CUSIP: G5S86M126<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25000 | NC      | $5752.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gsr Iv Acquisition Corp                               | GSR IV Acquisition Corp.                                            | CUSIP: G4R12K123<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1013500.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Micro-cap Trust Inc                             | Royce Micro-Cap Trust, Inc.                                         | CUSIP: 780915104<br>LEI: 254900D3WFIV4SD8EF19 | Long             | EC               | RF                | US        |    739248 | NS      | $7680786.72   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| A Paradise Acquisition Corp                           | A Paradise Acquisition Corp.                                        | CUSIP: G04819101<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     50000 | NS      | $495000.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Private Cre                                | Blackstone Private Credit Fund                                      | CUSIP: 09261HAJ6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |       157 | PA      | $154.07       | 0.00%             | 2027-03-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Spdr Portfolio S&p 500 Etf                            | SPDR Portfolio S&P 500 ETF                                          | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Short            | EC               | RF                | US        |    -49450 | NS      | $-3873913.00  | -1.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Vine Hill Capital Investment Corp                     | Vine Hill Capital Investment Corp.                                  | CUSIP: G93Y09115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32500 | NC      | $52000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Abrdn Life Sciences Investors                         | abrdn Life Sciences Investors                                       | CUSIP: 87911K100<br>LEI: 5493007BYZPSOVVS0M04 | Long             | EC               | RF                | US        |    307637 | NS      | $4771449.87   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Gp-act Iii Acquisition Corp                           | GP-Act III Acquisition Corp.                                        | CUSIP: G4035N103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     58868 | NS      | $624000.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Eqv Ventures Acquisition Corp                         | EQV Ventures Acquisition Corp.                                      | CUSIP: G3106N117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     21666 | NC      | $10833.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cslm Digital Asset Acquisition Corp Iii Ltd           | CSLM Digital Asset Acquisition Corp. III, Ltd.                      | CUSIP: G2584S135<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1010000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Galata Acquisition Corp Ii                            | Galata Acquisition Corp. II                                         | CUSIP: G3R25N124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $998000.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Rising Dragon Acquisition Corp                        | Rising Dragon Acquisition Corp.                                     | CUSIP: G7576K107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65000 | NS      | $677300.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| A Spac Ii Acquisition Corp                            | A SPAC II Acquisition Corp.                                         | CUSIP: G0543H133<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50470 | NC      | $2023.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Integrated Wellness Acquisition Corp                  | Integrated Wellness Acquisition Corp.                               | CUSIP: G4828B118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     43768 | NC      | $1313.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Abrdn Income Credit Strategies Fund                   | Avenue Income Credit Strategies Fund                                | CUSIP: 003057106<br>LEI: JZ9OXI4GGKZDI84RNQ78 | Long             | EC               | RF                | US        |    193078 | NS      | $1119853.37   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Helport Ai Ltd                                        | Helport AI, Ltd.                                                    | CUSIP: G4R52R111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     19616 | NC      | $3874.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings Bdc Inc                                       | Barings BDC, Inc.                                                   | CUSIP: 06759LAD5<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2081491.22   | 0.76%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Blackrock Munivest Fund Ii Inc                        | BlackRock MuniVest Fund II, Inc.                                    | CUSIP: 09253T101<br>LEI: TC1SINW7C50S8NN8GU32 | Long             | EC               | RF                | US        |    141200 | NS      | $1500956.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalink Investment Inc                              | Globalink Investment, Inc.                                          | CUSIP: 37892F125<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     65531 | NC      | $1972.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eqv Ventures Acquisition Corp Ii                      | EQV Ventures Acquisition Corp. II                                   | CUSIP: G3106Q110<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1001000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| A Spac Ii Acquisition Corp                            | A SPAC II Acquisition Corp.                                         | CUSIP: G0543H117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25235 | NC      | $254.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                         | Hilton Worldwide Holdings, Inc.                                     | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-778320.00   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Private Cre                                | Blackstone Private Credit Fund                                      | CUSIP: 09261HAC1<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |       629 | PA      | $614.40       | 0.00%             | 2026-12-15      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Silverbox Corp Iv                                     | Silverbox Corp. IV                                                  | CUSIP: G81354105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     24999 | NS      | $261739.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rising Dragon Acquisition Corp                        | Rising Dragon Acquisition Corp.                                     | CUSIP: G7576K115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     65000 | NC      | $10673.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Mountain Finance Cor                              | New Mountain Finance Corp.                                          | CUSIP: 647551AF7<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3597114.05   | 1.31%             | 2029-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pennantpark Investment C                              | PennantPark Investment Corp.                                        | CUSIP: 708062AD6<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1942994.10   | 0.71%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Thayer Ventures Acquisition Corp Ii                   | Thayer Ventures Acquisition Corp. II                                | CUSIP: G87890128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     80000 | NS      | $814400.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Dt Cloud Star Acquisition Corp                        | DT Cloud Star Acquisition Corp.                                     | CUSIP: G2853N106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     40000 | NS      | $418400.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Figx Capital Acquisition Corp                         | FIGX Capital Acquisition Corp.                                      | CUSIP: G3473K118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50000 | NC      | $12000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Euda Health Holdings Ltd                              | Euda Health Holdings, Ltd.                                          | CUSIP: G3142E121<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     54501 | NC      | $5847.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A Spac Iii Acquisition Corp                           | A SPAC III Acquisition Corp.                                        | CUSIP: G0544A137<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    130000 | NS      | $1365000.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Maquia Capital Acquisition Corp                       | Maquia Capital Acquisition Corp.                                    | CUSIP: 56564V119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      7755 | NC      | $85.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Owl Technology Fina                              | Blue Owl Technology Finance Corp.                                   | CUSIP: 69121JAB3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2064175.26   | 0.75%             | 2029-04-04      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                        | Microsoft Corp.                                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Short            | EC               | CORP              | US        |      -265 | NS      | $-137256.75   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Acquisition Corp 1 Ltd                         | Cactus Acquisition Corp. 1, Ltd.                                    | CUSIP: G1745A124<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     23792 | NC      | $713.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Muniholdings Quality Fund Ii Inc            | BlackRock MuniHoldings Quality Fund II, Inc.                        | CUSIP: 09254C107<br>LEI: V04K6JK5YHD4O5SHSC34 | Long             | EC               | RF                | US        |    287842 | NS      | $2895690.52   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yhn Acquisition I Ltd                                 | YHN Acquisition I, Ltd.                                             | CUSIP: G1514D101<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     65000 | NS      | $679250.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Southland Holdings Inc                                | Southland Holdings, Inc.                                            | CUSIP: 84445C118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     12102 | NC      | $2334.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Acquisition Corp                               | Ribbon Acquisition Corp.                                            | CUSIP: G7552W125<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Aimei Health Technology Co Ltd                        | Aimei Health Technology Co., Ltd.                                   | CUSIP: G01341133<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     44669 | NC      | $14294.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| D Boral Arc Acquisition I Corp                        | D Boral ARC Acquisition I Corp.                                     | CUSIP: G2616F127<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     50000 | NS      | $500000.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Direct                                 | Morgan Stanley Direct Lending Fund                                  | CUSIP: 61774AAF0<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036334.37   | 0.38%             | 2029-05-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Barings Private Credit                                | Barings Private Credit Corp.                                        | CUSIP: 06763AAA9<br>LEI: 549300K2GGNA2FQFQL45 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998888.57    | 0.36%             | 2030-06-11      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Best Spac I Acquisition Corp                          | BEST SPAC I Acquisition Corp.                                       | CUSIP: G1069P129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    100000 | NC      | $14010.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Cyber Security Ltd                                | Hub Cyber Security, Ltd.                                            | CUSIP: M6000J127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     44569 | NC      | $864.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldel Financial Ii Inc                                | Aldel Financial II, Inc.                                            | CUSIP: G01558124<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     70000 | NC      | $35707.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearbridge Energy Midstream Opportunity Fund Inc     | ClearBridge Energy MLP Opportunity Fund, Inc.                       | CUSIP: 18469P209<br>LEI: 549300U6RAJWN6OONX12 | Long             | EC               | RF                | US        |         3 | NS      | $134.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Capital Bdc Inc                              | Crescent Capital BDC, Inc.                                          | CUSIP: 225655208<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EP               | CORP              | US        |    200000 | NS      | $4992000.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Relativity Acquisition Corp                           | Relativity Acquisition Corp.                                        | CUSIP: 75944B114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     37808 | NC      | $1780.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Range Capital Acquisition Corp                        | Range Capital Acquisition Corp.                                     | CUSIP: G7375C124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     88836 | NS      | $923894.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Focus Trust Inc                                | Sprott Focus Trust, Inc.                                            | CUSIP: 85208J109<br>LEI: 549300ZO564XGNG81814 | Long             | EC               | RF                | US        |    138901 | NS      | $1154267.31   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Spac I Acquisition Corp                          | BEST SPAC I Acquisition Corp.                                       | CUSIP: G1069P103<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    100000 | NS      | $1004000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Globa Terra Acquisition Corp                          | Globa Terra Acquisition Corp.                                       | CUSIP: G3933N108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25298 | NS      | $257280.66    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Star Acquisition Corp                           | Alpha Star Acquisition Corp.                                        | CUSIP: G0230C116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     27690 | NC      | $581.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Yotta Acquisition Corp                                | Yotta Acquisition Corp.                                             | CUSIP: 98741Y111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     60341 | NC      | $1810.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Namib Minerals                                        | Namib Minerals                                                      | CUSIP: G63638111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     24100 | NC      | $3374.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Heramba Electric Plc                                  | Heramba Electric PLC                                                | CUSIP: G4411J106<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     19034 | NC      | $114.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Yotta Acquisition Corp                                | Yotta Acquisition Corp.                                             | CUSIP: 98741Y129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     60341 | NC      | $7602.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackrock Science And Technology Term Trust           | BlackRock Science and Technology Term Trust                         | CUSIP: 09260K101<br>LEI: 549300NQ3IL1NKVC9M67 | Long             | EC               | RF                | US        |    450000 | NS      | $9972000.00   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Melar Acquisition Corp I                              | Melar Acquisition Corp. I                                           | CUSIP: G6004G118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     29014 | NC      | $4536.89      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Tcp Cap Corp                                | BlackRock TCP Capital Corp.                                         | CUSIP: 09259EAC2<br>LEI: 549300JU1XG1HF56J989 | Long             | DBT              | CORP              | US        |   4239000 | PA      | $4372662.33   | 1.59%             | 2029-05-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Gsr Iii Acquisition Corp                              | GSR III Acquisition Corp.                                           | CUSIP: G4R103131<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     18571 | NC      | $157667.79    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Winvest Acquisition Corp                              | WinVest Acquisition Corp.                                           | CUSIP: 97655B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52742 | NS      | $670350.82    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Microalgo Inc                                         | MicroAlgo, Inc.                                                     | CUSIP: G6077Y111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     16125 | NC      | $195.11       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlasclear Holdings Inc                               | AtlasClear Holdings, Inc.                                           | CUSIP: 128745114<br>LEI: 529900AJBGPB3XKCJH25 | N/A              | DE               | CORP              | US        |     30397 | NC      | $820.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Dow 30sm Dynamic Overwrite Fund                | Nuveen Dow 30sm Dynamic Overwrite Fund                              | CUSIP: 67075F105<br>LEI: 549300CNS4Q1ZZUGS005 | Long             | EC               | RF                | US        |     96778 | NS      | $1441024.42   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Starry Sea Acquisition Corp                           | Starry Sea Acquisition Corp.                                        | CUSIP: G8559L104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $507000.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| The Options Clearing Corporation                      | Uber Technologies, Inc.                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       272 | NC      | $93160.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Income Trust Inc                            | BlackRock Income Trust, Inc.                                        | CUSIP: 09247F118<br>LEI: TZVEKBHO1R4X5PI73286 | N/A              | DE               | CORP              | US        |         3 | NC      | $0.18         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eqv Ventures Acquisition Corp                         | EQV Ventures Acquisition Corp.                                      | CUSIP: G3106N109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     64998 | NS      | $674679.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gsr Iii Acquisition Corp                              | GSR III Acquisition Corp.                                           | CUSIP: G4R103107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100190 | NS      | $1037968.40   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Opportunities Fund                      | Clough Global Opportunities Fund                                    | CUSIP: 18914E106<br>LEI: 549300DTG68UBCNCPY15 | Long             | EC               | RF                | US        |   1100000 | NS      | $6270000.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| North Haven Private Inc                               | North Haven Private Income Fund LLC                                 | CUSIP: 65960NAB6<br>LEI: 2549002BFPESF1EH2765 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507497.84   | 0.55%             | 2030-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Real Asset Acquisition Corp                           | Real Asset Acquisition Corp.                                        | CUSIP: G73944129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1029000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| The Options Clearing Corporation                      | Uber Technologies, Inc.                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -271 | NC      | $-87397.50    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportunities Fund Ii           | Saba Capital Income & Opportunities Fund II                         | CUSIP: 880198205<br>LEI: QU1AAXOSV5K4OVMXJP19 | Long             | EC               | RF                | US        |    845000 | NS      | $7706400.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro Merger Corp                                   | Allegro Merger Corp.                                                | CUSIP: 01749N111<br>LEI: 5493009YVGQK5AKMLC79 | N/A              | DE               | CORP              | US        |     24649 | NC      | $0.02         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Midcap Financial Invest                               | MidCap Financial Investment Corp.                                   | CUSIP: 03761U601<br>LEI: 5493005P14I7WFB3FW47 | Long             | EP               | CORP              | US        |    107745 | NS      | $2714107.32   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Special Opportunities Fund Inc                        | Special Opportunities Fund, Inc.                                    | CUSIP: 84741T104<br>LEI: 549300DGAJTGM6R4HK03 | Long             | EC               | RF                | US        |     88573 | NS      | $1372881.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings Bdc Inc                                       | Barings BDC, Inc.                                                   | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | RF                | US        |    157062 | NS      | $1375863.12   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hcm Ii Acquisition Corp                               | HCM II Acquisition Corp.                                            | CUSIP: G43658122<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3100 | NC      | $18600.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I                          | Fifth Era Acquisition Corp. I                                       | CUSIP: G3415K127<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1036000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition Corp 1                 | Axiom Intelligence Acquisition Corp. 1                              | CUSIP: G0750N104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     66667 | NS      | $663336.65    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cion Investment Corp                                  | CION Investment Corp.                                               | CUSIP: 17259U303<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |     11823 | NS      | $298767.21    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowen Acquisition Corp                                | Bowen Acquisition Corp.                                             | CUSIP: G12729128<br>LEI: 5493000ECOCYNGTKBW41 | N/A              | DE               | CORP              | US        |     17000 | NC      | $3828.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Voyager Acquisition Corp                              | Voyager Acquisition Corp.                                           | CUSIP: G93A7H104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $524775.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nvidia Corp                                           | NVIDIA Corp.                                                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |      -754 | NS      | $-140681.32   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Oceantech Acquisitions I Corp                         | OceanTech Acquisitions I Corp.                                      | CUSIP: 675507115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     48836 | NC      | $0.05         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackrock Income Trust Inc                            | BlackRock Income Trust, Inc.                                        | CUSIP: 09247F209<br>LEI: TZVEKBHO1R4X5PI73286 | Long             | EC               | RF                | US        |         3 | NS      | $33.72        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pyxis Oncology Inc                                    | PYXIS ONCOLOGY INC WTS                                              | CUSIP: 747324119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      8612 | NC      | $225.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennantpark Floating Rat                              | PennantPark Floating Rate Capital, Ltd.                             | CUSIP: 70806AAA4<br>LEI: 529900BH3IP6381K4L72 | Long             | DBT              | RF                | US        |    900000 | PA      | $889827.31    | 0.32%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Zyversa Therapeutics Inc                              | ZyVersa Therapeutics, Inc.                                          | CUSIP: 98987D110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     48471 | NC      | $3392.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Artius Ii Acquisition Inc                             | Artius II Acquisition, Inc.                                         | CUSIP: G0509J123<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    100000 | NC      | $22000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Siddhi Acquisition Corp                               | Siddhi Acquisition Corp.                                            | CUSIP: G8118C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1027000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Small-cap Trust Inc                             | Royce Value Trust, Inc.                                             | CUSIP: 780910105<br>LEI: 254900NJE1W1YYKNVM16 | Long             | EC               | RF                | US        |    527804 | NS      | $8513478.52   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Btc Development Corp                                  | BTC Development Corp.                                               | CUSIP: G0701G125<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $505000.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Ventures Acquisition Iii Corp                   | Texas Ventures Acquisition III Corp.                                | CUSIP: G8772L121<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1081000.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| India Fund Inc/the                                    | India Fund, Inc.                                                    | CUSIP: 454089103<br>LEI: 5493008XCB4X3JFQPB87 | Long             | EC               | RF                | US        |    400000 | NS      | $5860000.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Energy Transition Corp Ii                      | Nabors Energy Transition Corp. II                                   | CUSIP: G6363K114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     33472 | NC      | $9372.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Pegasus Acquisition Corp                       | Silver Pegasus Acquisition Corp.                                    | CUSIP: G8192J128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     66667 | NS      | $678003.39    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Acquisition Corp                                 | Blue Acquisition Corp.                                              | CUSIP: G1331A124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1009000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldel Financial Ii Inc                                | Aldel Financial II, Inc.                                            | CUSIP: G01558108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    140000 | NS      | $1463000.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fs Kkr Capital Corp                                   | FS KKR Capital Corp.                                                | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | RF                | US        |     39944 | NS      | $596363.92    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Charlton Aria Acquisition Corp                        | Charlton Aria Acquisition Corp.                                     | CUSIP: G9877L115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    100000 | NC      | $18000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Renatus Tactical Acquisition Corp I                   | Renatus Tactical Acquisition Corp. I                                | CUSIP: G7490F119<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     30000 | NS      | $343200.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&p 500 Etf                                  | Vanguard S&P 500 ETF                                                | CUSIP: 922908363<br>LEI: 549300D8V8ZP5GRJOC71 | Short            | EC               | RF                | US        |     -6879 | NS      | $-4212562.02  | -1.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Star Acquisition Corp                           | Alpha Star Acquisition Corp.                                        | CUSIP: G0230C132<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     27690 | NC      | $3322.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Andretti Acquisition Corp Ii                          | Andretti Acquisition Corp. II                                       | CUSIP: G26745102<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65000 | NS      | $679900.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ree Automotive Ltd                                    | REE Automotive, Ltd.                                                | CUSIP: M8287R202<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       120 | NS      | $87.47        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cn Healthy Food Tech Group Corp                       | CN Healthy Food Tech Group Corp.                                    | CUSIP: 462837113<br>LEI: 5493000JDZP9ZR3A1A41 | N/A              | DE               | CORP              | US        |     61161 | NC      | $6177.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro Merger Corp                                   | Allegro Merger Corp.                                                | CUSIP: 01749N129<br>LEI: 5493009YVGQK5AKMLC79 | N/A              | DE               | CORP              | US        |     24649 | NC      | $0.02         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vendome Acquisition Corp I                            | Vendome Acquisition Corp. I                                         | CUSIP: G9580A125<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     87500 | NS      | $872375.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Water Acquisition Corp Iii                       | Blue Water Acquisition Corp. III                                    | CUSIP: G1368E122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1003000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty All-star Equity Fund                          | Liberty All Star Equity Fund                                        | CUSIP: 530158104<br>LEI: 549300DLV755RNHI1N92 | Long             | EC               | RF                | US        |    109174 | NS      | $692163.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Egh Acquisition Corp                                  | EGH Acquisition Corp.                                               | CUSIP: G2946P126<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1001000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nature's Miracle Holding Inc                          | Nature's Miracle Holding, Inc.                                      | CUSIP: 63903P118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     19815 | NC      | $110.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zapp Electric Vehicles Group Ltd                      | Zapp Electric Vehicles Group, Ltd.                                  | CUSIP: G9889X115<br>LEI: 984500D6DT79D76DED28 | N/A              | DE               | CORP              | US        |     14153 | NC      | $77.84        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp Iii                                | Legato Merger Corp. III                                             | CUSIP: G5451A103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     66874 | NS      | $718226.76    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Triller Group Inc                                     | Triller Group, Inc.                                                 | CUSIP: 895970119<br>LEI: 5493006NA1XBERP7JE98 | N/A              | DE               | CORP              | US        |     28984 | NC      | $1530.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch Two Acquisition Corp                           | Launch Two Acquisition Corp.                                        | CUSIP: G5S87A113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     27500 | NC      | $10175.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Secured Lending Inc                           | TCG BDC, Inc.                                                       | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | RF                | US        |    138613 | NS      | $1732662.50   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Inflection Point Acquisition Corp Iii                 | Inflection Point Acquisition Corp. III                              | CUSIP: G47875128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     62500 | NS      | $631250.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Calamos Long/short Equity & Dynamic Income Trust      | Calamos Long/Short Equity & Dynamic Income Trust                    | CUSIP: 12812C106<br>LEI: 54930028TUOZZMUQBY94 | Long             | EC               | RF                | US        |    349733 | NS      | $5651685.28   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Akari Therapeutics Plc                                | Akari Therapeutics PLC                                              | CUSIP: 00972G207<br>LEI: 2138001XURASAU3MEB68 | Long             | EC               | CORP              | GB        |       509 | NS      | $513.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newbury Street Ii Acquisition Corp                    | Newbury Street II Acquisition Corp.                                 | CUSIP: G6439S109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1036000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lending Corp                        | Oaktree Specialty Lending Corp.                                     | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | RF                | US        |    159986 | NS      | $2087817.30   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Acquisition I Corp                            | Pioneer Acquisition I Corp.                                         | CUSIP: G7117W123<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     66667 | NS      | $670003.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp                            | Soulpower Acquisition Corp.                                         | CUSIP: G82745129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     90000 | NS      | $918900.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Graf Global Corp                                      | Graf Global Corp.                                                   | CUSIP: G4036C122<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     17500 | NC      | $5775.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Haymaker Acquisition Corp 4                           | Haymaker Acquisition Corp. 4                                        | CUSIP: G4375F116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     15171 | NC      | $6068.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cayson Acquisition Corp                               | Cayson Acquisition Corp.                                            | CUSIP: G1993W117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     58500 | NC      | $9360.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Maywood Acquisition Corp                              | Maywood Acquisition Corp.                                           | CUSIP: G6001J115<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     83334 | NS      | $834173.34    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Dynamic Income Strategy Fund                    | PIMCO Dynamic Income Strategy Fund                                  | CUSIP: 69346N107<br>LEI: 549300BX5QVFQJENPV35 | Long             | EC               | RF                | US        |    285935 | NS      | $7128359.55   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Co2 Energy Transition Corp                            | CO2 Energy Transition Corp.                                         | CUSIP: 12664M202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85696 | NS      | $908771.80    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Bsp Capital Co                               | Franklin BSP Capital Corp.                                          | CUSIP: 35250VAB0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $3005677.16   | 1.09%             | 2029-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Stellar V Capital Corp                                | Stellar V Capital Corp.                                             | CUSIP: G8475V129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1035000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayview Acquisition Corp                              | Bayview Acquisition Corp.                                           | CUSIP: 07323B118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     30110 | NC      | $4817.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Acquisition Corp Iii                    | Spring Valley Acquisition Corp. III                                 | CUSIP: G8377R127<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1028000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson Bdc Inc                                | Kayne Anderson BDC, Inc.                                            | CUSIP: 48662X105<br>LEI: 213800L27Z3YODNCUQ03 | Long             | EC               | RF                | US        |     10299 | NS      | $137182.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Acquisition Corp                                | Titan Acquisition Corp.                                             | CUSIP: G8901A129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1030000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fs Kkr Capital Corp                                   | FS KKR Capital Corp.                                                | CUSIP: 302635AN7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    900000 | PA      | $922214.34    | 0.34%             | 2029-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Gesher Acquisition Corp Ii                            | Gesher Acquisition Corp. II                                         | CUSIP: G3852D115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50000 | NC      | $16000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Acquisition Corp                               | Indigo Acquisition Corp.                                            | CUSIP: G4791J122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1011000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Holdings Ltd/fund                     | Pershing Square Holdings, Ltd.                                      | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | EC               | CORP              | GB        |    563958 | NS      | $34852604.40  | 12.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Beneficient                                           | Beneficient                                                         | CUSIP: 08178Q119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     81786 | NC      | $1177.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus Circle Capital Corp I                        | Columbus Circle Capital Corp. I                                     | CUSIP: G2296A125<br>LEI: 5299006WPUCKP6KOIM37 | Long             | EC               | CORP              | KY        |     50000 | NS      | $525000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gigcapital7 Corp                                      | GigCapital7 Corp.                                                   | CUSIP: G38648120<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50000 | NC      | $22500.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Multimetaverse Holdings Ltd                           | MultiMetaVerse Holdings, Ltd.                                       | CUSIP: G6360J136<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     20306 | NC      | $32.49        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vsee Health Inc                                       | VSee Health, Inc.                                                   | CUSIP: 92919Y110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     12789 | NC      | $216.13       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxley Bridge Acquisition Ltd                          | Oxley Bridge Acquisition, Ltd.                                      | CUSIP: G6858G123<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $502000.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Space Acquisition I Corp                      | Horizon Space Acquisition I Corp.                                   | CUSIP: G4619M125<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     64668 | NC      | $10346.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hcm Iii Acquisition Corp                              | HCM III Acquisition Corp.                                           | CUSIP: G4365E129<br>LEI: 529900X6CMNA2LN6C461 | Long             | EC               | CORP              | KY        |     44444 | NS      | $458217.64    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Procap Acquisition Corp                               | ProCap Acquisition Corp.                                            | CUSIP: G7257A113<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     40000 | NS      | $420000.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cn Healthy Food Tech Group Corp                       | CN Healthy Food Tech Group Corp.                                    | CUSIP: 462837121<br>LEI: 5493000JDZP9ZR3A1A41 | N/A              | DE               | CORP              | US        |     61161 | NC      | $44873.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Volato Group Inc                                      | Volato Group, Inc.                                                  | CUSIP: 74349W112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     34072 | NC      | $340.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hawk Acquisition Corp                           | Black Hawk Acquisition Corp.                                        | CUSIP: G1148A119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     13188 | NC      | $15825.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fact Ii Acquisition Corp                              | Fact II Acquisition Corp.                                           | CUSIP: G32901111<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1040000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Smx Security Matters Plc                              | SMX Security Matters PLC                                            | CUSIP: G8267K117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     51043 | NC      | $1128.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Money Market Fund | State Street Institutional Treasury Money Market Fund Premier Class | CUSIP: 857492888<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |  10529110 | NS      | $10529109.71  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Syntec Optics Holdings Inc                            | Syntec Optics Holdings, Inc.                                        | CUSIP: 87169M113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     41072 | NC      | $3581.48      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Global Stocksplus & Income Fund                 | PIMCO Global StocksPLUS & Income Fund                               | CUSIP: 722011103<br>LEI: CW3W37V8QY7DVX87PQ66 | Long             | EC               | RF                | US        |    345951 | NS      | $2957881.05   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ib Acquisition Corp                                   | IB Acquisition Corp.                                                | CUSIP: 44934N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33524 | NS      | $355019.16    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic Digital Acquisition Co                       | Republic Digital Acquisition Co.                                    | CUSIP: G7515A111<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $525500.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Plum Acquisition Corp Iv                              | Plum Acquisition Corp. IV                                           | CUSIP: G7134A112<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     87500 | NS      | $896875.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Borealis Foods Inc                                    | Borealis Foods, Inc.                                                | CUSIP: 09973D113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     53236 | NC      | $4072.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lightwave Acquisition Corp                            | Lightwave Acquisition Corp.                                         | CUSIP: G5490M118<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1005000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Gores Holdings X Inc                                  | Gores Holdings X, Inc.                                              | CUSIP: G4002F117<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $516000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Priveterra Acquisition Corp Ii                        | Priveterra Acquisition Corp. II                                     | CUSIP: 876545112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     16945 | NC      | $338.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Icoreconnect Inc                                      | iCoreConnect, Inc.                                                  | CUSIP: 450958111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50640 | NC      | $126.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ishares Flexible Income Active Etf                    | iShares Flexible Income Active ETF                                  | CUSIP: 092528603<br>LEI: 5299008ELWKMLX9XJP73 | Long             | EC               | RF                | US        |    300000 | NS      | $15972000.00  | 5.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Income Trust Ii                   | BlackRock Municipal Income Trust II                                 | CUSIP: 09249N101<br>LEI: 17UVWS2OK706BUPLKK60 | Long             | EC               | RF                | US        |    331830 | NS      | $3467623.50   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Quetta Acquisition Corp                               | Quetta Acquisition Corp.                                            | CUSIP: 74841A113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3246 | NC      | $3732.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rf Acquisition Corp Ii                                | RF Acquisition Corp. II                                             | CUSIP: G75389109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25712 | NS      | $276146.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportunities Fund              | Saba Capital Income & Opportunities Fund                            | CUSIP: 78518H202<br>LEI: 549300MGSUUJ7E55N746 | Long             | EC               | RF                | US        |    381079 | NS      | $2960983.83   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Winvest Acquisition Corp                              | WinVest Acquisition Corp.                                           | CUSIP: 97655B117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     52742 | NC      | $1060.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Talon Capital Corp                                    | Talon Capital Corp.                                                 | CUSIP: G86652115<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1004880.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Cvt & Inc Fund Ii                              | Virtus Convertible & Income Fund II                                 | CUSIP: 92838U702<br>LEI: 549300VQWKOKLGOGUQ16 | Long             | EP               | CORP              | US        |     72380 | NS      | $1506951.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings                                    | Lionheart Holdings                                                  | CUSIP: G5501C109<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | EC               | CORP              | KY        |     55008 | NS      | $578134.08    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Concord Acquisition Corp Ii                           | Concord Acquisition Corp. II                                        | CUSIP: 20607U116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     15030 | NC      | $601.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Tontine Holdings Ltd                  | Pershing Square Tontine Holdings                                    | CUSIP: 715ESC018<br>LEI: 549300ZDVEYEVCF35B08 | Long             | EC               | CORP              | US        |    243512 | NS      | $2.44         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aa Mission Acquisition Corp                           | AA Mission Acquisition Corp.                                        | CUSIP: G1000R127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25000 | NC      | $4000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Future Vision Ii Acquisition Corp                     | Future Vision II Acquisition Corp.                                  | CUSIP: G37068106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65000 | NS      | $679900.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearbridge Energy Midstream Opportunity Fund Inc     | ClearBridge Energy Midstream Opportunity Fund, Inc.                 | CUSIP: 18469P118<br>LEI: 549300U6RAJWN6OONX12 | N/A              | DE               | RF                | US        |         3 | NC      | $0.06         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fs Kkr Capital Corp                                   | FS KKR Capital Corp.                                                | CUSIP: 302635AQ0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1239040.03   | 0.45%             | 2031-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Dih Holdings Us Inc                                   | DIH Holdings US, Inc.                                               | CUSIP: 23290B114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     72474 | NC      | $724.74       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Altenergy Acquisition Corp                            | AltEnergy Acquisition Corp.                                         | CUSIP: 02157M116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     11896 | NC      | $378.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Genesis Growth Tech Acquisition Corp                  | Genesis Growth Tech Acquisition Corp.                               | CUSIP: G3R23D128<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     43768 | NC      | $4.38         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| M3-brigade Acquisition V Corp                         | M3-Brigade Acquisition V Corp.                                      | CUSIP: G63212115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32500 | NC      | $39650.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Midcap Financial Invest                               | MidCap Financial Investment Corp.                                   | CUSIP: 03761UAH9<br>LEI: 5493005P14I7WFB3FW47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984497.96    | 0.36%             | 2026-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dune Acquisition Corp Ii                              | Dune Acquisition Corp. II                                           | CUSIP: G2867S125<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     75000 | NS      | $766500.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Copley Acquisition Corp                               | Copley Acquisition Corp.                                            | CUSIP: G24243118<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1010000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kochav Defense Acquisition Corp                       | Kochav Defense Acquisition Corp.                                    | CUSIP: G5304D122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1024000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Winvest Acquisition Corp                              | WinVest Acquisition Corp.                                           | CUSIP: 97655B125<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     52742 | NC      | $5274.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gp-act Iii Acquisition Corp                           | GP-Act III Acquisition Corp.                                        | CUSIP: G4035N129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     29434 | NC      | $7652.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Technology Finance Corp                      | Blue Owl Technology Finance Corp.                                   | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | CORP              | US        |     42522 | NS      | $587654.04    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tavia Acquisition Corp                                | Tavia Acquisition Corp.                                             | CUSIP: G86880138<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65632 | NS      | $665508.48    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp Iii                                | Legato Merger Corp. III                                             | CUSIP: G5451A111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     33437 | NC      | $11702.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Polibeli Group Ltd                                    | Polibeli Group, Ltd.                                                | CUSIP: G71604113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     26628 | NC      | $2484.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Willow Lane Acquisition Corp                          | Willow Lane Acquisition Corp.                                       | CUSIP: G9675P110<br>LEI: 254900Z85UYRON5ZBZ90 | N/A              | DE               | CORP              | US        |     65000 | NC      | $182039.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Uy Scuti Acquisition Corp                             | UY Scuti Acquisition Corp.                                          | CUSIP: G93Y0A120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     62500 | NS      | $646250.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Andretti Acquisition Corp Ii                          | Andretti Acquisition Corp. II                                       | CUSIP: G26745128<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32500 | NC      | $6500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pantages Capital Acquisition Corp                     | Pantages Capital Acquisition Corp.                                  | CUSIP: G8089R126<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     90000 | NS      | $940500.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                        | Amazon.com, Inc.                                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Short            | EC               | CORP              | US        |     -3500 | NS      | $-768495.00   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition Corp 1                 | Axiom Intelligence Acquisition Corp. 1                              | CUSIP: G0750N112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     66667 | NC      | $10666.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Gas Corp                                       | Global Gas Corp.                                                    | CUSIP: 37892P115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      9479 | NC      | $15.17        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cayson Acquisition Corp                               | Cayson Acquisition Corp.                                            | CUSIP: G1993W109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     58500 | NS      | $611910.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Newbury Street Acquisition Corp                       | Newbury Street Acquisition Corp.                                    | CUSIP: 65101L112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     21081 | NC      | $2.11         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackrock Municipal Income Quality Trust              | BlackRock Municipal Income Quality Trust                            | CUSIP: 092479104<br>LEI: ZQ1Z8W71OQGQTC6ZJ410 | Long             | EC               | RF                | US        |    152466 | NS      | $1669502.70   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pelican Acquisition Corp                              | Pelican Acquisition Corp.                                           | CUSIP: G6993G129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1020000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Dividend And Income Fund                | Clough Global Dividend and Income Fund                              | CUSIP: 18913Y103<br>LEI: 5493001GFY6TW0CYCT15 | Long             | EC               | RF                | US        |    475517 | NS      | $2829326.15   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital Bdc Inc                                 | Golub Capital BDC, Inc.                                             | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | RF                | US        |     34968 | NS      | $478711.92    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Climaterock                                           | ClimateRock                                                         | CUSIP: G2311X134<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     62670 | NC      | $8836.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartesian Growth Corp Iii                             | CARTESIAN GROWTH Corp. III                                          | CUSIP: G19307118<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25000 | NS      | $254250.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Direct Lending Fund                    | Morgan Stanley Direct Lending Fund                                  | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | RF                | US        |    191569 | NS      | $3080429.52   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bleichroeder Acquisition Corp I                       | Bleichroeder Acquisition Corp. I                                    | CUSIP: G1169T138<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    100000 | NC      | $68000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Harbor Acquisition Corp                         | Crane Harbor Acquisition Corp.                                      | CUSIP: G24979125<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1007000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-brigade Acquisition V Corp                         | M3-Brigade Acquisition V Corp.                                      | CUSIP: G63212107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65000 | NS      | $685750.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Asset Acquisition Corp                        | Digital Asset Acquisition Corp.                                     | CUSIP: G2868C129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50026 | NS      | $527774.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Scage Future                                          | Scage Future                                                        | CUSIP: G7840J118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     24010 | NC      | $1142.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Futuretech Ii Acquisition Corp                        | FutureTech II Acquisition Corp.                                     | CUSIP: 36119D111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     30880 | NC      | $929.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gigcapital7 Corp                                      | GigCapital7 Corp.                                                   | CUSIP: G38648104<br>LEI: 549300XGCF2ELN28CS63 | Long             | EC               | CORP              | KY        |     50000 | NS      | $527500.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp                                 | Blue Owl Capital Corp.                                              | CUSIP: 69122JAC0<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    550000 | PA      | $535581.34    | 0.19%             | 2027-04-13      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Onemednet Corp                                        | OneMedNet Corp.                                                     | CUSIP: 68270C111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     35695 | NC      | $1866.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Php Ventures Acquisition Corp                         | PHP Ventures Acquisition Corp.                                      | CUSIP: 69291C122<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     51134 | NC      | $5164.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackrock Muniyield Fund Inc                          | BlackRock MuniYield Fund, Inc.                                      | CUSIP: 09253W104<br>LEI: AVXF9RZVI4EDWXACOH81 | Long             | EC               | RF                | US        |    187151 | NS      | $1976314.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Dt Cloud Star Acquisition Corp                        | DT Cloud Star Acquisition Corp.                                     | CUSIP: G2853N114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     40000 | NC      | $6000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Treasury Bill                                         | United States Treasury Bill                                         | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3966578.72   | 1.44%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oyster Enterprises Ii Acquisition Corp                | Oyster Enterprises II Acquisition Corp.                             | CUSIP: G6861F120<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1000000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Ai Inc                                         | Kodiak AI, Inc.                                                     | CUSIP: 500081112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    130463 | NC      | $138943.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quartzsea Acquisition Corp                            | Quartzsea Acquisition Corp.                                         | CUSIP: G7314B112<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1010000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Flag Ship Acquisition Corp                            | Flag Ship Acquisition Corp.                                         | CUSIP: G3530C117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     57276 | NC      | $6878.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vine Hill Capital Investment Corp                     | Vine Hill Capital Investment Corp.                                  | CUSIP: G93Y09107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     65000 | NS      | $696150.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gesher Acquisition Corp Ii                            | Gesher Acquisition Corp. II                                         | CUSIP: G3852D107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1015000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Health Sciences Term Trust                  | BlackRock Health Sciences Term Trust                                | CUSIP: 09260E105<br>LEI: 549300FGMK4EGHSK8N86 | Long             | EC               | RF                | US        |    193972 | NS      | $2797076.24   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson Energy Infrastructure Fund             | Kayne Anderson Energy Infrastructure Fund                           | CUSIP: 486606106<br>LEI: 549300H9ZCLGQEKXQY57 | Long             | EC               | RF                | US        |    343093 | NS      | $4244060.41   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nvni Group Ltd                                        | Nvni Group, Ltd.                                                    | CUSIP: G50716110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32014 | NC      | $2305.01      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch One Acquisition Corp                           | Launch One Acquisition Corp.                                        | CUSIP: G5S86M100<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $525000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Real Estate Income Fund                        | Nuveen Real Estate Income Fund                                      | CUSIP: 67071B108<br>LEI: LXJVVL0330BRT3R7PH61 | Long             | EC               | RF                | US        |    107519 | NS      | $879505.42    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Graf Global Corp                                      | Graf Global Corp.                                                   | CUSIP: G4036C106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     35000 | NS      | $368900.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Holdco Nuvo Group Dg Ltd                              | Holdco Nuvo Group DG, Ltd.                                          | CUSIP: M53051112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     55368 | NC      | $27.68        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dynamix Corp                                          | Dynamix Corp.                                                       | CUSIP: G2949D112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     50000 | NC      | $105500.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hennessy Capital Investment Corp Vii                  | Hennessy Capital Investment Corp. VII                               | CUSIP: G4405D123<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1042000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co Ii                             | Jackson Acquisition Co. II                                          | CUSIP: G4992A201<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    100000 | NS      | $1041000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen Circle Acquisition Corp Ii                      | Cohen Circle Acquisition Corp. II                                   | CUSIP: G2254C105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     50000 | NS      | $514000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Revival Acquisition Corp                     | Northern Revival Acquisition Corp.                                  | CUSIP: G6546R119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      4228 | NC      | $91.75        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Translational Development Acquisition Corp            | Translational Development Acquisition Corp.                         | CUSIP: G9008W121<br>LEI: 5493007X22HUUM7DN509 | Long             | EC               | CORP              | KY        |    100000 | NS      | $1029000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Haymaker Acquisition Corp 4                           | Haymaker Acquisition Corp. 4                                        | CUSIP: G4375F108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     30342 | NS      | $344078.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch Two Acquisition Corp                           | Launch Two Acquisition Corp.                                        | CUSIP: G5S87A105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     55000 | NS      | $574750.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Bsp Capital Co                               | Franklin BSP Capital Corp.                                          | CUSIP: 12325JAJ0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | RF                | US        |   3000000 | PA      | $2973917.52   | 1.08%             | 2026-03-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Voyager Acquisition Corp                              | Voyager Acquisition Corp.                                           | CUSIP: G93A7H112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     25000 | NC      | $4250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                 | Uber Technologies, Inc.                                             | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Short            | EC               | CORP              | US        |     -5620 | NS      | $-550591.40   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Managed Municipals Fund Inc             | Western Asset Managed Municipals Fund, Inc.                         | CUSIP: 95766M105<br>LEI: 549300HVO8EY2T8K4F73 | Long             | EC               | RF                | US        |     17620 | NS      | $182190.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fg Merger Ii Corp                                     | FG Merger II Corp.                                                  | CUSIP: 30334J201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1033000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** RIVERNORTH OPPORTUNITIES FUND INC.

**Signature:** Jonathan M. Mohrhardt

**Name of Signer:** Jonathan M. Mohrhardt

**Title:** Treasurer & Chief Financial Officer