# EDGAR Filing Document

**Accession Number:** 0001281790
**File Stem:** 0001162044-26-000488
**Filing Date:** 2026-6
**Character Count:** 204928
**Document Hash:** e00adfc021fccbc101c5d1f60960a62e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000488.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001162044-26-000488

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANK FUNDS
- **CENTRAL INDEX KEY:** 0001281790

**ORGANIZATION NAME:**
- **EIN:** 200766084
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21532
- **FILM NUMBER:** 261047642

**BUSINESS ADDRESS:**
- **STREET 1:** 781 CRANDON BOULEVARD
- **STREET 2:** UNIT 202
- **CITY:** KEY BISCAYNE
- **STATE:** FL
- **ZIP:** 33149
- **BUSINESS PHONE:** 9738877698

**MAIL ADDRESS:**
- **STREET 1:** 781 CRANDON BOULEVARD
- **STREET 2:** UNIT 202
- **CITY:** KEY BISCAYNE
- **STATE:** FL
- **ZIP:** 33149

## Series and Classes Contracts Data

### Camelot Event Driven Fund (Series ID: S000061828)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000200195 | Class A Shares             |  |
| C000200196 | Institutional Class Shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** |
| &nbsp;&nbsp;**March 31, 2026** | &nbsp;&nbsp;**March 31, 2026** | &nbsp;&nbsp;**March 31, 2026** |
| &nbsp;&nbsp;**<u>Camelot Event Driven Fund</u>** | &nbsp;&nbsp;**<u>Camelot Event Driven Fund</u>** | &nbsp;&nbsp;**<u>Camelot Event Driven Fund</u>** |
|  | &nbsp;&nbsp;**Shares or Principal** |  |
| &nbsp;&nbsp;**Security Description** | &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;**Fair Value** |
| &nbsp;&nbsp;**Common Stocks - 78.22%** |  |  |
| &nbsp;&nbsp;**Air Transportation, Scheduled - 0.50%** |  |  |
| &nbsp;&nbsp;Southwest Airlines Co. (a) | &nbsp;&nbsp;15000 | &nbsp;&nbsp;563550 |
| &nbsp;&nbsp;**Arrangement of Transportation of Freight & Cargo - 0.25%** |  |  |
| &nbsp;&nbsp;PS International Group, Ltd. (Hong Kong) | &nbsp;&nbsp;63 | &nbsp;&nbsp;386 |
| &nbsp;&nbsp;SENKO Group Holdings Co., Ltd. | &nbsp;&nbsp;25000 | &nbsp;&nbsp;282791 |
|  |  | &nbsp;&nbsp;283177 |
| &nbsp;&nbsp;**Beverages - 2.32%** |  |  |
| &nbsp;&nbsp;PepsiCo, Inc. | &nbsp;&nbsp;17000 | &nbsp;&nbsp;2639930 |
| &nbsp;&nbsp;**Blank Checks - 0.15%** |  |  |
| &nbsp;&nbsp;A SPAC II Acquisition Corp. ● | &nbsp;&nbsp;15000 | &nbsp;&nbsp;173850 |
| &nbsp;&nbsp;**Cable & Other Pay Television Services - 1.75%** |  |  |
| &nbsp;&nbsp;Comcast Corp. | &nbsp;&nbsp;50000 | &nbsp;&nbsp;1435500 |
| &nbsp;&nbsp;Liberty Broadband Corp. | &nbsp;&nbsp;5000 | &nbsp;&nbsp;251500 |
| &nbsp;&nbsp;Vivendi SE (France) | &nbsp;&nbsp;150000 | &nbsp;&nbsp;307617 |
|  |  | &nbsp;&nbsp;1994617 |
| &nbsp;&nbsp;**Canned, Frozen & Preserved Fruit, Veg & Food Specialties - 0.37%** |  |  |
| &nbsp;&nbsp;Lamb Weston Holdings, Inc. (a) | &nbsp;&nbsp;10000 | &nbsp;&nbsp;422600 |
| &nbsp;&nbsp;Treehouse Foods, Inc. (a) \* | &nbsp;&nbsp;162000 | &nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;422600 |
| &nbsp;&nbsp;**Canned, Fruits, Veg, Preserves, Jams & Jellies - 2.03%** |  |  |
| &nbsp;&nbsp;J. M. Smucker Co. (a) | &nbsp;&nbsp;24000 | &nbsp;&nbsp;2314560 |
| &nbsp;&nbsp;**Computer Programming Services - 0.35%** |  |  |
| &nbsp;&nbsp;Mamezo Digital Holding Co., Ltd. | &nbsp;&nbsp;18000 | &nbsp;&nbsp;400869 |
| &nbsp;&nbsp;**Construction & Engineering - 0.10%** |  |  |
| &nbsp;&nbsp;Astaldi SpA SPF (Italy) † ● \* | &nbsp;&nbsp;1022580 | &nbsp;&nbsp;40903 |
| &nbsp;&nbsp;WeBuild SpA ADR\* | &nbsp;&nbsp;25935 | &nbsp;&nbsp;67780 |

---

---

| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp;108683 |
| &nbsp;&nbsp;**Converted Paper & Paperboard Prods (No Containers/Boxes) - 4.83%** |  |  |
| &nbsp;&nbsp;Kimberly Clark Corp. (a) (b) | &nbsp;&nbsp;57000 | &nbsp;&nbsp;5498790 |
| &nbsp;&nbsp;**Crude Petroleum & Natural Gas - 9.64%** |  |  |
| &nbsp;&nbsp;Crescent Energy Co. | &nbsp;&nbsp;90000 | &nbsp;&nbsp;1215000 |
| &nbsp;&nbsp;Devon Energy Corp. (b) | &nbsp;&nbsp;33000 | &nbsp;&nbsp;1660560 |
| &nbsp;&nbsp;Diamondback Energy, Inc. (a) | &nbsp;&nbsp;13000 | &nbsp;&nbsp;2571270 |
| &nbsp;&nbsp;Occidental Petroleum Corp. (a) (b) | &nbsp;&nbsp;85000 | &nbsp;&nbsp;5525000 |
| &nbsp;&nbsp;Petrocorp., Inc. \* | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;10971830 |
| &nbsp;&nbsp;**Department Stores - 0.16%** |  |  |
| &nbsp;&nbsp;Takashimaya Co., Ltd. (Japan) | &nbsp;&nbsp;15000 | &nbsp;&nbsp;177424 |
| &nbsp;&nbsp;**Drilling Oil & Gas Wells - 0.00%** |  |  |
| &nbsp;&nbsp;Seadrill Ltd. | &nbsp;&nbsp;2 | &nbsp;&nbsp;91 |
| &nbsp;&nbsp;**Electric & Other Services Combined - 0.14%** |  |  |
| &nbsp;&nbsp;Kansai Electric Power | &nbsp;&nbsp;10000 | &nbsp;&nbsp;162824 |
| &nbsp;&nbsp;**Farm Machinery & Equipment - 0.00%** |  |  |
| &nbsp;&nbsp;Nature's Miracle Holdings, Inc. \* | &nbsp;&nbsp;184 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Electromedical & Electrotherapeutic Apparatus - 3.05%** |  |  |
| &nbsp;&nbsp;Medtronic plc | &nbsp;&nbsp;40000 | &nbsp;&nbsp;3466000 |
| &nbsp;&nbsp;**Gold and Silver Ores - 10.08%** |  |  |
| &nbsp;&nbsp;B2Gold Corp. (Canada) (a) | &nbsp;&nbsp;895200 | &nbsp;&nbsp;4055256 |
| &nbsp;&nbsp;Barrick Gold Corp. (Canada) (a) | &nbsp;&nbsp;700 | &nbsp;&nbsp;28553 |
| &nbsp;&nbsp;Newmont Corp. (a) (b) | &nbsp;&nbsp;42000 | &nbsp;&nbsp;4546500 |
| &nbsp;&nbsp;Sacre-Coeur Minerals Ltd. (Canada) ^ † \* | &nbsp;&nbsp;109444 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Seabridge Gold, Inc. (Canada) \* (a) | &nbsp;&nbsp;100000 | &nbsp;&nbsp;2834000 |
|  |  | &nbsp;&nbsp;11464309 |
| &nbsp;&nbsp;**Guided Missiles & Space Vehicles & Parts - 1.33%** |  |  |
| &nbsp;&nbsp;Lockheed Martin Corp. | &nbsp;&nbsp;2500 | &nbsp;&nbsp;1510975 |
| &nbsp;&nbsp;**Hazardous Waste Management - 0.00%** |  |  |
| &nbsp;&nbsp;Strategic Environmental & Energy Resources, Inc. ^ † # \* | &nbsp;&nbsp;43000 | &nbsp;&nbsp;1226 |
| &nbsp;&nbsp;**Hospital & Medical Service Plans - 5.18%** |  |  |
| &nbsp;&nbsp;Centene Corp. (a) | &nbsp;&nbsp;10000 | &nbsp;&nbsp;327400 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Humana Inc. (a) | &nbsp;&nbsp;13500 | &nbsp;&nbsp;2340765 |
| &nbsp;&nbsp;Molina Healthcare, Inc. (a) (b) | &nbsp;&nbsp;8000 | &nbsp;&nbsp;1066400 |
| &nbsp;&nbsp;UnitedHealth Group, Inc. (a) | &nbsp;&nbsp;8000 | &nbsp;&nbsp;2164720 |
|  |  | &nbsp;&nbsp;5899285 |
| &nbsp;&nbsp;**Hotels & Motels - 0.08%** |  |  |
| &nbsp;&nbsp;Guoco Group Ltd. (Bermuda) | &nbsp;&nbsp;10000 | &nbsp;&nbsp;86351 |
| &nbsp;&nbsp;**Industrial Inorganic Chemicals - 0.60%** |  |  |
| &nbsp;&nbsp;Covestro AG \* | &nbsp;&nbsp;10000 | &nbsp;&nbsp;687214 |
| &nbsp;&nbsp;**Investment Advice - 0.90%** |  |  |
| &nbsp;&nbsp;Janus Henderson Group plc (United Kingdom) | &nbsp;&nbsp;20000 | &nbsp;&nbsp;1027400 |
| &nbsp;&nbsp;**Life Insurance - 0.30%** |  |  |
| &nbsp;&nbsp;Japan Post Holdings Co. Ltd. (Japan) | &nbsp;&nbsp;30000 | &nbsp;&nbsp;338121 |
| &nbsp;&nbsp;**Mineral Royalty Traders - 2.24%** |  |  |
| &nbsp;&nbsp;Royal Gold, Inc. (a) | &nbsp;&nbsp;10000 | &nbsp;&nbsp;2544900 |
| &nbsp;&nbsp;**Miscellaneous Electrical Machinery, Equipment & Supplies - 0.00%** |  |  |
| &nbsp;&nbsp;Exide Technologies ^ † \* | &nbsp;&nbsp;5926 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Motor Vehicle Parts & Accessories - 0.23%** |  |  |
| &nbsp;&nbsp;Toyota Industries Corp. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;257040 |
| &nbsp;&nbsp;**Motorcycles, Bicycles, and Parts - 0.27%** |  |  |
| &nbsp;&nbsp;Shimano, Inc. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;310527 |
| &nbsp;&nbsp;**Oil & Gas Field Machinery & Equipment - 0.94%** |  |  |
| &nbsp;&nbsp;DNOW, Inc. | &nbsp;&nbsp;90000 | &nbsp;&nbsp;1071900 |
| &nbsp;&nbsp;**Opthalmic Goods - 0.82%** |  |  |
| &nbsp;&nbsp;The Cooper Cos., Inc. | &nbsp;&nbsp;13000 | &nbsp;&nbsp;929500 |
| &nbsp;&nbsp;**Perfumes, Cosmetics & Other Toilet Preparations - 0.26%** |  |  |
| &nbsp;&nbsp;MANDOM Corp. | &nbsp;&nbsp;15000 | &nbsp;&nbsp;291060 |
| &nbsp;&nbsp;**Petroleum Refining - 11.08%** |  |  |
| &nbsp;&nbsp;BP plc ADR (a) | &nbsp;&nbsp;95000 | &nbsp;&nbsp;4465000 |
| &nbsp;&nbsp;Chevron Corp. (a) (b) | &nbsp;&nbsp;20000 | &nbsp;&nbsp;4138000 |
| &nbsp;&nbsp;Phillips 66 (a) (b) | &nbsp;&nbsp;22000 | &nbsp;&nbsp;4007960 |
|  |  | &nbsp;&nbsp;12610960 |
| &nbsp;&nbsp;**Pharmaceutical Preparations- 6.83%** |  |  |
| &nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;33000 | &nbsp;&nbsp;3388110 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;BioMarin Pharmaceutical, Inc. (a) (b) | &nbsp;&nbsp;73456 | &nbsp;&nbsp;4149529 |
| &nbsp;&nbsp;Emisphere Technologies, Inc. Δ ● | &nbsp;&nbsp;30000 | &nbsp;&nbsp;234300 |
| &nbsp;&nbsp;Inyx, Inc. ● | &nbsp;&nbsp;167850 | &nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;7771939 |
| &nbsp;&nbsp;**Prepackaged Software - 0.31%** |  |  |
| &nbsp;&nbsp;GungHo Online Entertainment, Inc. | &nbsp;&nbsp;20000 | &nbsp;&nbsp;307314 |
| &nbsp;&nbsp;USU Software AG (Germany) | &nbsp;&nbsp;5000 | &nbsp;&nbsp;47486 |
|  |  | &nbsp;&nbsp;354800 |
| &nbsp;&nbsp;**Radio & Tv Broadcasting & Communications Equipment - 0.33%** |  |  |
| &nbsp;&nbsp;BlackSky Technology, Inc. | &nbsp;&nbsp;15000 | &nbsp;&nbsp;377400 |
| &nbsp;&nbsp;**Radio Broadcasting Stations - 0.01%** |  |  |
| &nbsp;&nbsp;iHeartMedia, Inc. Class A \*◦ | &nbsp;&nbsp;4610 | &nbsp;&nbsp;13461 |
| &nbsp;&nbsp;**Real Estate - 0.19%** |  |  |
| &nbsp;&nbsp;Greentown China Holdings Ltd. (China) \* | &nbsp;&nbsp;20000 | &nbsp;&nbsp;22270 |
| &nbsp;&nbsp;Kaisa Group Holdings Ltd. (China) \* | &nbsp;&nbsp;638261 | &nbsp;&nbsp;7246 |
| &nbsp;&nbsp;Ronshine Service Holding Co., Ltd (China) \* | &nbsp;&nbsp;150000 | &nbsp;&nbsp;2105 |
| &nbsp;&nbsp;Shimao Property Holdings Ltd. (China) \* | &nbsp;&nbsp;3375656 | &nbsp;&nbsp;73627 |
| &nbsp;&nbsp;Sino-Ocean Group Holdings, Ltd. (China) \* | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;38265 |
| &nbsp;&nbsp;Sunac China Hildings Ltd. (China) \* | &nbsp;&nbsp;500000 | &nbsp;&nbsp;66964 |
| &nbsp;&nbsp;Times China Holdings Ltd. (China) \* | &nbsp;&nbsp;500000 | &nbsp;&nbsp;4656 |
| &nbsp;&nbsp;Yuzhou Group Holdings Co. Ltd (China) \* | &nbsp;&nbsp;85189 | &nbsp;&nbsp;1728 |
|  |  | &nbsp;&nbsp;216859 |
| &nbsp;&nbsp;**Retail - Department Stores - 0.00%** |  |  |
| &nbsp;&nbsp;NWA SEN \* | &nbsp;&nbsp;791 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Retail - Eating & Drinking Places - 3.15%** |  |  |
| &nbsp;&nbsp;Starbucks Corp. (a) (b) | &nbsp;&nbsp;40000 | &nbsp;&nbsp;3583600 |
| &nbsp;&nbsp;**Retail - Eating Places - 0.39%** |  |  |
| &nbsp;&nbsp;BAB, Inc. | &nbsp;&nbsp;479411 | &nbsp;&nbsp;439093 |
| &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 0.39%** |  |  |
| &nbsp;&nbsp;SBI Holdings, Inc. (Japan) | &nbsp;&nbsp;25000 | &nbsp;&nbsp;448718 |
| &nbsp;&nbsp;**Services - Advertising - 0.02%** |  |  |
| &nbsp;&nbsp;Clear Channel Outdoor Holdings, Inc. | &nbsp;&nbsp;11249 | &nbsp;&nbsp;26660 |
| &nbsp;&nbsp;**Services - Business Services - 1.08%** |  |  |
| &nbsp;&nbsp;Akamai Technologies, Inc. (a) | &nbsp;&nbsp;7000 | &nbsp;&nbsp;803950 |
| &nbsp;&nbsp;Prosus N.V. | &nbsp;&nbsp;33388 | &nbsp;&nbsp;308839 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Scout24 SE \* | &nbsp;&nbsp;1500 | &nbsp;&nbsp;114382 |
|  |  | &nbsp;&nbsp;1227171 |
| &nbsp;&nbsp;**Services - Computer Integrated Systems Design - 0.02%** |  |  |
| &nbsp;&nbsp;Kodiak AI, Inc. \* | &nbsp;&nbsp;3100 | &nbsp;&nbsp;21514 |
| &nbsp;&nbsp;Computer Horizons Corp. \* | &nbsp;&nbsp;65000 |  |
|  |  | &nbsp;&nbsp;21514 |
| &nbsp;&nbsp;**Services - Computer Processing & Data Preparation - 0.39%** |  |  |
| &nbsp;&nbsp;Sohu.com Ltd. ADR \* | &nbsp;&nbsp;29000 | &nbsp;&nbsp;448050 |
| &nbsp;&nbsp;**Services - Employment Agencies - 0.00%** |  |  |
| &nbsp;&nbsp;51job, Inc. ADR ● Δ \* | &nbsp;&nbsp;15400 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Services - General Medical & Surgical Hospitals, NEC - 0.23%** |  |  |
| &nbsp;&nbsp;Surgery Partners, Inc. (a) \* | &nbsp;&nbsp;22000 | &nbsp;&nbsp;262240 |
| &nbsp;&nbsp;**Surgical & Medical Instruments & Apparatus - 2.87%** |  |  |
| &nbsp;&nbsp;Boston Scientific Corp. | &nbsp;&nbsp;52000 | &nbsp;&nbsp;3263000 |
| &nbsp;&nbsp;DIH Holdings, Inc. \* | &nbsp;&nbsp;120 | &nbsp;&nbsp;1 |
|  |  | &nbsp;&nbsp;3263001 |
| &nbsp;&nbsp;**Water Transportation - 0.25%** |  |  |
| &nbsp;&nbsp;Norwegian Cruise Line Holdings | &nbsp;&nbsp;15000 | &nbsp;&nbsp;280500 |
| &nbsp;&nbsp;**Wholesale - Medical, Dental & Hospital Equipment & Supplies - 1.81%** |  |  |
| &nbsp;&nbsp;Henry Schein, Inc. (a) | &nbsp;&nbsp;28000 | &nbsp;&nbsp;2063600 |
| &nbsp;&nbsp;Total Common Stock | &nbsp;&nbsp;(Cost $79,338,478) | &nbsp;&nbsp;89008168 |
| &nbsp;&nbsp;**Real Estate Invesment Trust - 2.41%** |  |  |
| &nbsp;&nbsp;Crown Castle International Corp. | &nbsp;&nbsp;75000 | &nbsp;&nbsp;6098250 |
| &nbsp;&nbsp;Equinix | &nbsp;&nbsp;2800 | &nbsp;&nbsp;2744672 |
| &nbsp;&nbsp;Rexford Industrial Realty, Inc. | &nbsp;&nbsp;30000 | &nbsp;&nbsp;981900 |
| &nbsp;&nbsp;Total Real Estate Investment Trust | &nbsp;&nbsp;(Cost $9,691,486) | &nbsp;&nbsp;2744672 |
| &nbsp;&nbsp;**Escrow Shares - 0.00%** |  |  |
| &nbsp;&nbsp;Exide Technologies ^ † \* | &nbsp;&nbsp;1777 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Pershing Square Tontine Holdings, Ltd. \* | &nbsp;&nbsp;33000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Escrow Shares | &nbsp;&nbsp;(Cost $151,687) | &nbsp;&nbsp;0 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 0.03%** |  |  |
| &nbsp;&nbsp;AFC Home Equity Loan Trust Series 2000-02 Class 1A, 3.874%, (1 Month LIBOR USD + 0.790%) 6/25/2030 \*\* ● | &nbsp;&nbsp;2233 | &nbsp;&nbsp;2157 |
| &nbsp;&nbsp;Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1 Class M3, 3.789%, (1 Month LIBOR USD + 0.710%), 2/25/2035 \*\* ● | &nbsp;&nbsp;21010 | &nbsp;&nbsp;19497 |
| &nbsp;&nbsp;Countrywide Asset-Backed Certificates Series 2007-11 Class 2M2, 3.404%, (1 Month LIBOR USD + 0.320%) 06/25/2047 \*\* ● | &nbsp;&nbsp;405575 | &nbsp;&nbsp;14819 |
| &nbsp;&nbsp;Total Asset-Backed Securities | &nbsp;&nbsp;(Cost $61,923) | &nbsp;&nbsp;36473 |
| &nbsp;&nbsp;**Contingent Value Rights - 0.01%** |  |  |
| &nbsp;&nbsp;**Miscellaneous Manufacturing Industries - 0.01%** |  |  |
| &nbsp;&nbsp;TOYO Co Ltd Rights \* | &nbsp;&nbsp;1000 | &nbsp;&nbsp;7330 |
| &nbsp;&nbsp;**Pharmaceutical Preparations - 0.00%** |  |  |
| &nbsp;&nbsp;Blueprint Medicines Corp. CVR ◦\* | &nbsp;&nbsp;4000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Optinose CVR ◦\* | &nbsp;&nbsp;60000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Regulus Therapeutics, Inc. CVR ◦\* | &nbsp;&nbsp;60000 | &nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Radio & TV Broadcasting & Communications Equipment - 0.00%** |  |  |
| &nbsp;&nbsp;KVH Industries, Inc. \* | &nbsp;&nbsp;145009 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Rights | &nbsp;&nbsp;(Cost $0) | &nbsp;&nbsp;7330 |
| &nbsp;&nbsp;**Convertible Bonds - 0.03%** |  |  |
| &nbsp;&nbsp;**Finance Services - 0.01%** |  |  |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2026 (China) ● \* | &nbsp;&nbsp;100246 | &nbsp;&nbsp;351 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2028 (China) ● \* | &nbsp;&nbsp;200493 | &nbsp;&nbsp;301 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2029 (China) ● \* | &nbsp;&nbsp;200493 | &nbsp;&nbsp;241 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2030 (China) ● \* | &nbsp;&nbsp;250617 | &nbsp;&nbsp;326 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2031 (China) ● \* | &nbsp;&nbsp;250617 | &nbsp;&nbsp;276 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2032 (China) ● \* | &nbsp;&nbsp;472803 | &nbsp;&nbsp;520 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.00% 12/28/2031 (China) ● \* | &nbsp;&nbsp;512512 | &nbsp;&nbsp;8969 |
|  |  | &nbsp;&nbsp;10983 |
| &nbsp;&nbsp;**Land Subdividers & Developers (No Cemeteries) - 0.02%** |  |  |
| &nbsp;&nbsp;Sino-Ocean Group Holdings Ltd. Series A144 (China) 0.00%, due 03/27/2027 ● \* | &nbsp;&nbsp;2001128 | &nbsp;&nbsp;9005 |
| &nbsp;&nbsp;Times China Holdings, Ltd., 0.00% 03/30/2027 (China) ● \* | &nbsp;&nbsp;1100000 | &nbsp;&nbsp;8602 |
| &nbsp;&nbsp;Times China Holdings, Ltd., 0.00% 03/30/2027 (China) ● \* | &nbsp;&nbsp;166175 | &nbsp;&nbsp;1042 |
|  |  | &nbsp;&nbsp;18649 |
| &nbsp;&nbsp;**Radio Telephone Communications - 0.00%** |  |  |
| &nbsp;&nbsp;Digicel Group 0.5 Ltd. Private Placement Series 144A Conv. 7.00% Perpetual (Bermuda) ● # \* | &nbsp;&nbsp;88196 | &nbsp;&nbsp;4674 |
|  |  | &nbsp;&nbsp;4674 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Total Convertible Bonds | &nbsp;&nbsp;(Cost $43,231) | &nbsp;&nbsp;34306 |
| &nbsp;&nbsp;**Corporate Bonds - 1.70%** |  |  |
| &nbsp;&nbsp;**Communication Services, NEC - 0.00%** |  |  |
| &nbsp;&nbsp;SES AI SA 0.00% , 01/14/2033 ● | &nbsp;&nbsp;4675 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Crude Petroleum & Natural Gas - 0.51%** |  |  |
| &nbsp;&nbsp;Ascent Resources, Inc., 9.00% 11/01/2027 ● | &nbsp;&nbsp;500000 | &nbsp;&nbsp;583745 |
| &nbsp;&nbsp;**Drilling Oil & Gas Wells - 0.04%** |  |  |
| &nbsp;&nbsp;Paratus Energy Services Ltd. Series 144A (United Kingdom) 10.00%, 07/15/2026 ● | &nbsp;&nbsp;46097 | &nbsp;&nbsp;45982 |
| &nbsp;&nbsp;**Finance Services - 0.02%** |  |  |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% Series A 12/31/2027 (China) ● | &nbsp;&nbsp;125314 | &nbsp;&nbsp;251 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 5.00% Series A 12/28/2027 (China) ● | &nbsp;&nbsp;115322 | &nbsp;&nbsp;2306 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 5.750% Series D 12/28/2030 (China) ● | &nbsp;&nbsp;340175 | &nbsp;&nbsp;5103 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.250% Series F 12/28/2032 (China) ● | &nbsp;&nbsp;482319 | &nbsp;&nbsp;6029 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.250% Series IAI 12/28/2028 (China) ● | &nbsp;&nbsp;168588 | &nbsp;&nbsp;3372 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.500% Series IAI 12/28/2029 (China) ● | &nbsp;&nbsp;282230 | &nbsp;&nbsp;4939 |
|  |  | &nbsp;&nbsp;21999 |
| &nbsp;&nbsp;**Land Subdividers & Developers (No Cemeteries) - 0.91%** |  |  |
| &nbsp;&nbsp;CFLD Cayman Investment, 2.500%, 01/31/2031 ● | &nbsp;&nbsp;239850 | &nbsp;&nbsp;4797 |
| &nbsp;&nbsp;CIFI Holdings Group, 0%, 06/30/2027 ● | &nbsp;&nbsp;356680 | &nbsp;&nbsp;36264 |
| &nbsp;&nbsp;Hejun Shunzie Investment, 11.500%, due 6/4/2022 ● | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;50 |
| &nbsp;&nbsp;KWG Group Holdings, Ltd., 7.400%, 001/13/2027 ● | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;95000 |
| &nbsp;&nbsp;Red Sun Properties Group, Inc., 7.30% due 1/13/2025 ● | &nbsp;&nbsp;4400000 | &nbsp;&nbsp;33000 |
| &nbsp;&nbsp;Redco Properties Group, Ltd., 11.000%, 08/06/2023, Defaulted \* ● | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;18750 |
| &nbsp;&nbsp;Rongchangda Development, 3.00%, 3/29/2028 ● | &nbsp;&nbsp;249999 | &nbsp;&nbsp;4375 |
| &nbsp;&nbsp;Rongchangda Development, 3.00%, 3/29/2028 ● | &nbsp;&nbsp;1200001 | &nbsp;&nbsp;18000 |
| &nbsp;&nbsp;Ronshine China Holdings, Ltd., 7.35%, 12/15/2023, Defaulted \* ● | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;7500 |
| &nbsp;&nbsp;Ronshine China Holdings, Ltd., 8.75%, 10/2/2022, Defaulted \* ● | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;22500 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 2.000% 01/21/2034 Defaulted \* ● | &nbsp;&nbsp;693443 | &nbsp;&nbsp;12531 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 2.000% 07/21/2032 Defaulted \* ● | &nbsp;&nbsp;462295 | &nbsp;&nbsp;11557 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 2.000% 07/21/2033 Defaulted \* ● | &nbsp;&nbsp;693443 | &nbsp;&nbsp;13869 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 5.000% 07/21/2031 Defaulted \* ● | &nbsp;&nbsp;34055 | &nbsp;&nbsp;1107 |
| &nbsp;&nbsp;Sino Ocean Group Holdings LTD 1.00% Perpetual ● | &nbsp;&nbsp;857626 | &nbsp;&nbsp;22598 |
| &nbsp;&nbsp;Sino Ocean Group Holdings LTD 3.00% 03/27/2033 ● | &nbsp;&nbsp;585000 | &nbsp;&nbsp;36416 |
| &nbsp;&nbsp;Sunac China Holdings, Ltd., 0.00%, 12/31/2049, Defaulted \* ● | &nbsp;&nbsp;4295256 | &nbsp;&nbsp;655112 |
| &nbsp;&nbsp;Times China Holdings, Ltd., 4.20% 09/30/2032 Defaulted \* ● | &nbsp;&nbsp;918900 | &nbsp;&nbsp;25821 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 1.000%, 06/30/2034 ● | &nbsp;&nbsp;50223 | &nbsp;&nbsp;126 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 4.000%, 06/30/2028 ● | &nbsp;&nbsp;16813 | &nbsp;&nbsp;546 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 4.500%, 06/30/2029 ● | &nbsp;&nbsp;29350 | &nbsp;&nbsp;881 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 5.000%, 06/30/2030 ● | &nbsp;&nbsp;39271 | &nbsp;&nbsp;1080 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 5.500%, 06/30/2031 ● | &nbsp;&nbsp;55222 | &nbsp;&nbsp;1381 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 6.000%, 06/30/2027 ● | &nbsp;&nbsp;14553 | &nbsp;&nbsp;1128 |
| &nbsp;&nbsp;Zhenro Properties Group 14.724 PERP \*Defaulted \* ● | &nbsp;&nbsp;6000000 | &nbsp;&nbsp;15000 |
| &nbsp;&nbsp;Zhenro Properties Group, 6.630%, 01/06/2026 \*Defaulted \* ● | &nbsp;&nbsp;500000 | &nbsp;&nbsp;1250 |
|  |  | &nbsp;&nbsp;1040638 |
| &nbsp;&nbsp;**Miscellaneous Electrical Machinery, Equipment & Supplies - 0.00%** |  |  |
| &nbsp;&nbsp;Exide Technologies 11.00%, 4/30/2022 + # \* | &nbsp;&nbsp;546810 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Retail - Grocery Stores - 0.00%** |  |  |
| &nbsp;&nbsp;Winn Dixie Stores, Inc. 8.875% 4/01/2008 ● \* | &nbsp;&nbsp;50000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Radio Telephone Communications - 0.00%** |  |  |
| &nbsp;&nbsp;Digicel Group 0.5 Ltd. Private Placement Series 144 A 8.0%, 04/01/2025 (Bermuda) ●# | &nbsp;&nbsp;28351 | &nbsp;&nbsp;5212 |
| &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 0.21%** |  |  |
| &nbsp;&nbsp;Lebanese Republic Series GMTN (Lebanon) 6.15%, 6/19/2020 ● \* | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;239650 |
| &nbsp;&nbsp;**Telephone Communications (No Radio Telephone) - 0.01%** |  |  |
| &nbsp;&nbsp;Hellas Telecommunication Luxembourg II SCA (United Kingdom), 6.054%, (3 Month LIBOR USD + 5.750%) 1/15/2015 ◦ + ^ # † \* | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;6250 |
| &nbsp;&nbsp;**Wholesale - Electrical Appliances, Tv & Radio - 0.01%** |  |  |
| &nbsp;&nbsp;Jingrui Holdings, Ltd. (China), 12.750%, 09/09/2023 ● \* | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;12500 |
| &nbsp;&nbsp;Total Corporate Bonds | &nbsp;&nbsp;(Cost $3,007,579) | &nbsp;&nbsp;1933977 |
| &nbsp;&nbsp;**Mortgage-Backed Securities - 0.01%** |  |  |
| &nbsp;&nbsp;GNR Government National Mortgage Series 2019-108 Class NI, 4.00%, 08/20/2049 ~ ● | &nbsp;&nbsp;62039 | &nbsp;&nbsp;10088 |
| &nbsp;&nbsp;GSR Mortgage Loan Trust Series 2005-5F Class B2, 5.76%, 6/25/2035 ~ ● | &nbsp;&nbsp;1338 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Mortgage-Backed Securities | &nbsp;&nbsp;(Cost $6,278) | &nbsp;&nbsp;10088 |
| &nbsp;&nbsp;**Municipal Bonds - 0.15%** |  |  |
| &nbsp;&nbsp;**Puerto Rico - 0.15%** |  |  |
| &nbsp;&nbsp;Puerto Rico Commonwealth Restructured Series A1, 4.00%, 7/01/2037 | &nbsp;&nbsp;17074 | &nbsp;&nbsp;16485 |
| &nbsp;&nbsp;Puerto Rico Commonwealth Restructured Series A1, 5.625%, 7/01/2029 | &nbsp;&nbsp;24036 | &nbsp;&nbsp;25379 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2021 +● \* | &nbsp;&nbsp;10000 | &nbsp;&nbsp;6650 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2023 +● \* | &nbsp;&nbsp;10000 | &nbsp;&nbsp;6650 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series DDD, 3.50%, 7/01/2020 +● \* | &nbsp;&nbsp;75000 | &nbsp;&nbsp;49875 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series DDD, 3.625%, 7/01/2021 +● \* | &nbsp;&nbsp;30000 | &nbsp;&nbsp;19950 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series TT, 5.00%, 7/01/2020 +● \* | &nbsp;&nbsp;55000 | &nbsp;&nbsp;36575 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series WW, 5.50%, 7/01/2019 +● \* | &nbsp;&nbsp;15000 | &nbsp;&nbsp;9975 |
| &nbsp;&nbsp;Total Municipal Bonds | &nbsp;&nbsp;(Cost $181,561) | &nbsp;&nbsp;171539 |
| &nbsp;&nbsp;**Preferred Stocks - 2.18%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Government Agencies - 2.17%** |  |  |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series B, 0.00%, (3 Month LIBOR USD + 0.1377%) Perpetual \*∞ | &nbsp;&nbsp;19000 | &nbsp;&nbsp;241490 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series F, 5.00%, Perpetual \*∞ | &nbsp;&nbsp;4500 | &nbsp;&nbsp;64530 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series H, 5.10%, Perpetual \*∞ | &nbsp;&nbsp;55000 | &nbsp;&nbsp;771650 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual \*∞ | &nbsp;&nbsp;10600 | &nbsp;&nbsp;134408 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual \*∞ | &nbsp;&nbsp;42879 | &nbsp;&nbsp;538989 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual \*∞ | &nbsp;&nbsp;25000 | &nbsp;&nbsp;342750 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series H, 5.81%, Perpetual \*∞ | &nbsp;&nbsp;5500 | &nbsp;&nbsp;93500 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series I, 5.375%, Perpetual \*∞ | &nbsp;&nbsp;700 | &nbsp;&nbsp;11501 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series M, 4.75%, Perpetual \*∞ | &nbsp;&nbsp;4440 | &nbsp;&nbsp;61405 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series N, 5.50%, Perpetual \*∞ | &nbsp;&nbsp;360 | &nbsp;&nbsp;5868 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series T 8.25%, Perpetual \*∞ | &nbsp;&nbsp;20000 | &nbsp;&nbsp;199000 |
|  |  | &nbsp;&nbsp;2465091 |
| &nbsp;&nbsp;**Real Estate - 0.01%** |  |  |
| &nbsp;&nbsp;Brookfield Property Partners LP 6.25% (Bermuda) | &nbsp;&nbsp;722 | &nbsp;&nbsp;12478 |
| &nbsp;&nbsp;Total Preferred Stocks | &nbsp;&nbsp;(Cost $1,291,235) | &nbsp;&nbsp;2477569 |
| &nbsp;&nbsp;**Structured Notes - 0.00%** |  |  |
| &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 0.00%** |  |  |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series LEHN 5.50%, 02/27/2020 + \*\* ● \* | &nbsp;&nbsp;100000 | &nbsp;&nbsp;10 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTN 8.75%, 02/14/2023 + \*\* ● \* | &nbsp;&nbsp;200000 | &nbsp;&nbsp;20 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTN1 0.00%, (1 Month CPI YOY + 2.25%) 02/17/2015 + \*\* ● \* | &nbsp;&nbsp;110000 | &nbsp;&nbsp;11 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTNG 0.00% (1 Month CPI YOY + 2.25%), 07/08/2014 + \*\* ● \* | &nbsp;&nbsp;130000 | &nbsp;&nbsp;13 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTNG 7.00%, 01/28/2020 + \*\* ● \* | &nbsp;&nbsp;100000 | &nbsp;&nbsp;10 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTNH, 8.250%, 09/23/2020 + \*\* ● \* | &nbsp;&nbsp;100000 | &nbsp;&nbsp;10 |
| &nbsp;&nbsp;Total Structured Notes | &nbsp;&nbsp;(Cost $33,600) | &nbsp;&nbsp;74 |
| &nbsp;&nbsp;**United States Treasury Note Bonds ● - 6.89%** |  |  |
| &nbsp;&nbsp;U.S. Treasury Note, 2.75%, 08/15/2032 ● | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1850547 |
| &nbsp;&nbsp;U.S. Treasury Note, 3.375% 05/15/2033 ● | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1906016 |
| &nbsp;&nbsp;U.S. Treasury Note, 4.50% 11/15/2033 ● | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4084688 |
| &nbsp;&nbsp;Total United States Treasury Note Bonds | &nbsp;&nbsp;(Cost $7,787,344) | &nbsp;&nbsp;7841250 |
| &nbsp;&nbsp;**Warrants - 0.01%** |  |  |
| &nbsp;&nbsp;**Farm Machinery & Equipment - 0.00%** |  |  |
| &nbsp;&nbsp;Nature's Miracle Holdings, Inc. Warrant 3/8/2029 @ $0.00 (Notional Value $5)\* | &nbsp;&nbsp;2500 | &nbsp;&nbsp;19 |
| &nbsp;&nbsp;**Investment Companies - 0.00%** |  |  |
| &nbsp;&nbsp;Investcorp Europe Acquisition Corp. I Class A Warrants, 11/23/2028 @ $0.02 (Notional Value $87)\*◦ | &nbsp;&nbsp;3500 | &nbsp;&nbsp;0 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Miscellaneous Electrical Machinery, Equipment & Supplies - 0.00%** |  |  |  |  |
| &nbsp;&nbsp;Captivision, Inc. Warrants @ $0.00 (Notional Value $0)\* |  |  | &nbsp;&nbsp;2000 | &nbsp;&nbsp;118 |
| &nbsp;&nbsp;**Miscellaneous Manufacturing Industries - 0.01%** |  |  |  |  |
| &nbsp;&nbsp;TOYO Co. Ltd. Warrant 1/10/2029 @ $7.33 (Notional Value $36,650)\* |  |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp;7250 |
| &nbsp;&nbsp;**Services-Automotive Repair, Services & Parking - 0.00%** |  |  |  |  |
| &nbsp;&nbsp;SunCar Technology Group, Inc. Class A, Warrant 05/18/2028 @ $0.07 (Notional Value $22)\* | &nbsp;&nbsp;SunCar Technology Group, Inc. Class A, Warrant 05/18/2028 @ $0.07 (Notional Value $22)\* |  | &nbsp;&nbsp;300 | &nbsp;&nbsp;75 |
| &nbsp;&nbsp;**Services-Computer Integrated Systems Design - 0.01%** |  |  |  |  |
| &nbsp;&nbsp;Brand Engagement Network, Inc. Warrant @ $0.28 (Notional Value $573)\* | &nbsp;&nbsp;Brand Engagement Network, Inc. Warrant @ $0.28 (Notional Value $573)\* |  | &nbsp;&nbsp;2066 | &nbsp;&nbsp;537 |
| &nbsp;&nbsp;**Services-Computer Programming Services - 0.00%** |  |  |  |  |
| &nbsp;&nbsp;Semantix, Inc. Class A Warrants 08/04/2027 @ $0.02 (Notional Value $8)\* | &nbsp;&nbsp;Semantix, Inc. Class A Warrants 08/04/2027 @ $0.02 (Notional Value $8)\* |  | &nbsp;&nbsp;375 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Surgical & Medical Instruments & Apparatus - 3.59%** |  |  |  |  |
| &nbsp;&nbsp;DIH Holdings, Inc. Warrant @ $0.00 (Notional Value $0)\* |  |  | &nbsp;&nbsp;30000 | &nbsp;&nbsp;6 |
| &nbsp;&nbsp;**Services-Prepackaged Software - 0.00%** |  |  |  |  |
| &nbsp;&nbsp;Airship AI Holdings, Inc. 12/31/2028 @ $0.98 (Notional Value $6,370) \* |  |  | &nbsp;&nbsp;6500 | &nbsp;&nbsp;4610 |
| &nbsp;&nbsp;**Services-Computer Integrated Systems Design - 0.00%** |  |  |  |  |
| &nbsp;&nbsp;Kodiak AI, Inc. Warrants @ $1.08 (Notional Value $1,674)\* |  |  | &nbsp;&nbsp;1550 | &nbsp;&nbsp;1674 |
| &nbsp;&nbsp;Total Warrants |  |  |  | &nbsp;&nbsp;6828 |
| &nbsp;&nbsp;**Registered Money Market Funds - 7.71%** |  |  |  |  |
| &nbsp;&nbsp;Goldman Sachs Trust Financial Square Government Fund - Institutional Class - 3.30% \*\* | &nbsp;&nbsp;Goldman Sachs Trust Financial Square Government Fund - Institutional Class - 3.30% \*\* |  | &nbsp;&nbsp;8773746 | &nbsp;&nbsp;8773746 |
| &nbsp;&nbsp;Total Registered Money Market Funds |  |  | &nbsp;&nbsp;(Cost $8,773,746) | &nbsp;&nbsp;8773746 |
| &nbsp;&nbsp;**Total Investments - 99.35%** |  |  | &nbsp;&nbsp;(Cost $109,759,596) | &nbsp;&nbsp;113046020 |
| &nbsp;&nbsp;**INVESTMENTS IN WRITTEN OPTIONS, AT VALUE - (9.87)%** |  |  |  | &nbsp;&nbsp;(7008970) |
| &nbsp;&nbsp;Other Assets In Excess of Liabilities - 6.81% |  |  |  | &nbsp;&nbsp;7752418 |
| &nbsp;&nbsp;Total Net Assets - 100.00% |  |  |  | &nbsp;&nbsp;113789468 |
| &nbsp;&nbsp;**Options ●** |  |  |  |  |
|  | &nbsp;&nbsp;**Long (Short)** |  | &nbsp;&nbsp;**Notional Value of** | &nbsp;&nbsp;**Fair** |
|  | &nbsp;&nbsp;**<u>Contracts</u>** | &nbsp;&nbsp;**<u>Expiration Date</u>** | &nbsp;&nbsp;**<u>Contracts ($)</u>** | &nbsp;&nbsp;**<u>Value ($)</u>** |
| &nbsp;&nbsp;**Put Options** |  |  |  |  |
| &nbsp;&nbsp;BP Plc., Strike @ $35.00 | &nbsp;&nbsp;700 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;7000000 | &nbsp;&nbsp;194600 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $100.00 | &nbsp;&nbsp;440 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;1760000 | &nbsp;&nbsp;701800 |
| &nbsp;&nbsp;Newmont Corp., Strike @ $40.00 | &nbsp;&nbsp;420 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;3570000 | &nbsp;&nbsp;12390 |
| &nbsp;&nbsp;Medtronic plc, Strike @ $85.00 | &nbsp;&nbsp;400 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;2400000 | &nbsp;&nbsp;393000 |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Strike @ $60.00 | &nbsp;&nbsp;320 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1440000 | &nbsp;&nbsp;276800 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $45.00 | &nbsp;&nbsp;310 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;992000 | &nbsp;&nbsp;54560 |
| &nbsp;&nbsp;BP, Strike @ $32.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;375000 | &nbsp;&nbsp;22250 |
| &nbsp;&nbsp;Kenvue, Strike @ $15.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;1750000 | &nbsp;&nbsp;11750 |
| &nbsp;&nbsp;Boston Scientific Corp., Strike @ $70.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;2250000 | &nbsp;&nbsp;362500 |
| &nbsp;&nbsp;Starbucks, Strike @ $90.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;1800000 | &nbsp;&nbsp;125000 |
| &nbsp;&nbsp;J.M. Smucker Co., Strike @ $90.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;10000000 | &nbsp;&nbsp;231000 |
| &nbsp;&nbsp;State Street SPDR S&P 500 ETF Trust, Strike @ $500.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;4/17/2026 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;6400 |
| &nbsp;&nbsp;Comcast Corp., Strike @ $30.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;51000 |
| &nbsp;&nbsp;Devon Energy Corp., Strike @ $35.00 | &nbsp;&nbsp;180 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;1800000 | &nbsp;&nbsp;60210 |
| &nbsp;&nbsp;Abbott Laboratories, Strike @ $100.00 | &nbsp;&nbsp;180 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;306000 | &nbsp;&nbsp;212400 |
| &nbsp;&nbsp;Barrick Mining Corp., Strike @ $17.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;1200 |
| &nbsp;&nbsp;Devon Energy Corp., Strike @ $35.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;9300000 | &nbsp;&nbsp;21000 |
| &nbsp;&nbsp;State Street SPDR S&P 500 ETF Trust, Strike @ $620 | &nbsp;&nbsp;150 | &nbsp;&nbsp;3/31/2026 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;150 |
| &nbsp;&nbsp;Southwest Airlines, Strike @ $30.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;225000 | &nbsp;&nbsp;48450 |
| &nbsp;&nbsp;Norwegian Cruise Line Holdings Ltd., Strike @ $15.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;1125000 | &nbsp;&nbsp;19500 |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $75.00 | &nbsp;&nbsp;130 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;1950000 | &nbsp;&nbsp;130000 |
| &nbsp;&nbsp;Diamondback Energy, Strike @ $150.00 | &nbsp;&nbsp;130 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;7800000 | &nbsp;&nbsp;59800 |
| &nbsp;&nbsp;State Street SPDR S&P 500 ETF Trust, Strike @ $600.00 | &nbsp;&nbsp;125 | &nbsp;&nbsp;3/31/2026 | &nbsp;&nbsp;1062500 | &nbsp;&nbsp;125 |
| &nbsp;&nbsp;Crown Castle, Strike @ $85.00 | &nbsp;&nbsp;110 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1045000 | &nbsp;&nbsp;119900 |
| &nbsp;&nbsp;Starbucks, Strike @ $95.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;137000 |
| &nbsp;&nbsp;Starbucks, Strike @ $105.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;199500 |
| &nbsp;&nbsp;Centene Corp., Strike @ $30.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;425000 | &nbsp;&nbsp;20100 |
| &nbsp;&nbsp;Lamb Weston Holdings, Strike @ $42.50 | &nbsp;&nbsp;100 | &nbsp;&nbsp;4/17/2026 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;34700 |
| &nbsp;&nbsp;Boston Scientific Corp., Strike @ $75.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;140500 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $47.50 | &nbsp;&nbsp;100 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;21800 |
| &nbsp;&nbsp;Abbott Laboratories, Strike @ $105.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;3/17/2028 | &nbsp;&nbsp;1250000 | &nbsp;&nbsp;154750 |
| &nbsp;&nbsp;Phillips 66, Strike @ $125 | &nbsp;&nbsp;90 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1305000 | &nbsp;&nbsp;39600 |
| &nbsp;&nbsp;PepsiCo, Strike @ $145.00 | &nbsp;&nbsp;80 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;1040000 | &nbsp;&nbsp;121600 |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $130.00 | &nbsp;&nbsp;80 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1280000 | &nbsp;&nbsp;43600 |
| &nbsp;&nbsp;Royal Gold, Strike @ $160.00 | &nbsp;&nbsp;80 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;1440000 | &nbsp;&nbsp;52000 |
| &nbsp;&nbsp;Humana, Strike @ $180.00 | &nbsp;&nbsp;70 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;345100 |
| &nbsp;&nbsp;Akamai Technologies, Strike @ $75.00 | &nbsp;&nbsp;70 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;507500 | &nbsp;&nbsp;26425 |
| &nbsp;&nbsp;Boston Scientific Corp., Strike @ $72.50 | &nbsp;&nbsp;70 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;76300 |
| &nbsp;&nbsp;Molina Healthcare, Strike @ $150.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;800000 | &nbsp;&nbsp;217500 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $160.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;56850 |
| &nbsp;&nbsp;PepsiCo, Strike @ $140.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;36750 |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $120.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;18250 |
| &nbsp;&nbsp;J.M. Smucker Co., Strike @ $95.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;360000 | &nbsp;&nbsp;30080 |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $90.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;1/18/2026 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;49200 |
| &nbsp;&nbsp;PepsiCo, Strike @ $140.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;21800 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $150.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;9640 |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $100.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;48000 |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $105.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;620000 | &nbsp;&nbsp;59200 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $155.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;480000 | &nbsp;&nbsp;17900 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Molina Healthcare, Strike @ $120.00 | &nbsp;&nbsp;30 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;1260000 | &nbsp;&nbsp;82290 |
| &nbsp;&nbsp;Lockheed Martin Corp., Strike @ $420.00 | &nbsp;&nbsp;25 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;23000 |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $280.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;540000 | &nbsp;&nbsp;81300 |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $270.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;85200 |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $290.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;6/17/2027 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;113600 |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $280.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;6/17/2027 | &nbsp;&nbsp;360000 | &nbsp;&nbsp;69000 |
| &nbsp;&nbsp;Royal Gold, Strike @ $180.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;17900 |
| &nbsp;&nbsp;Humana, Strike @ $185.00 | &nbsp;&nbsp;15 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;292500 | &nbsp;&nbsp;76875 |
| &nbsp;&nbsp;Humana, Strike @ $195.00 | &nbsp;&nbsp;15 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;85950 |
| &nbsp;&nbsp;Humana, Strike @ $200.00 | &nbsp;&nbsp;15 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;90825 |
| &nbsp;&nbsp;Equinix, Strike @ $700 | &nbsp;&nbsp;10 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;740000 | &nbsp;&nbsp;18450 |
| &nbsp;&nbsp;Equinix, Strike @ $740 | &nbsp;&nbsp;10 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;720000 | &nbsp;&nbsp;23550 |
| &nbsp;&nbsp;Equinix, Strike @ $720 | &nbsp;&nbsp;8 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;576000 | &nbsp;&nbsp;9880 |
|  | &nbsp;&nbsp; 7693.00 |  | &nbsp;&nbsp;83058000 | &nbsp;&nbsp;5871750 |
| &nbsp;&nbsp;**Call Options** |  |  |  |  |
| &nbsp;&nbsp;Chevron Corp., Strike @ $200.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;105650 | &nbsp;&nbsp;152500 |
| &nbsp;&nbsp;Diamondback Energy, Inc., Strike @ $160.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;77650 | &nbsp;&nbsp;226250 |
| &nbsp;&nbsp;Centene Corp., Strike @ $30.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;51800 | &nbsp;&nbsp;47200 |
| &nbsp;&nbsp;Humana, Inc., Strike @ $200.00 | &nbsp;&nbsp;115 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;479895 | &nbsp;&nbsp;477250 |
| &nbsp;&nbsp;BP plc, Strike @ $35.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;96500 | &nbsp;&nbsp;368750 |
| &nbsp;&nbsp;BP, plc, Strike @ $35.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;40750 | &nbsp;&nbsp;346250 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $55.00 | &nbsp;&nbsp;850 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;606050 | &nbsp;&nbsp;1164500 |
|  | &nbsp;&nbsp; 1665.00 |  | &nbsp;&nbsp; 1458295 | &nbsp;&nbsp;2782700 |
| &nbsp;&nbsp;**Total Purchased Options** |  | &nbsp;&nbsp;Cost $| &nbsp;&nbsp;84516295 | &nbsp;&nbsp;8654450 |
| &nbsp;&nbsp;**Put Options Written** |  |  |  |  |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $100.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(800000) | &nbsp;&nbsp;(13600) |
| &nbsp;&nbsp;Centene Corp., Strike @ $25.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(250000) | &nbsp;&nbsp;(9050) |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $35.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(350000) | &nbsp;&nbsp;(7600) |
| &nbsp;&nbsp;Kenvue, Inc., Strike @ $10.00 | &nbsp;&nbsp; (250) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(250000) | &nbsp;&nbsp;(25000) |
|  | &nbsp;&nbsp;(530) |  | &nbsp;&nbsp;(1650000) | &nbsp;&nbsp;(55250) |
| &nbsp;&nbsp;**Call Options Written** |  |  |  |  |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $4.50 | &nbsp;&nbsp; (3000) | &nbsp;&nbsp;11/20/2026 | &nbsp;&nbsp;(1350000) | &nbsp;&nbsp;(282000) |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $65.00 | &nbsp;&nbsp; (1700) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(11050000) | &nbsp;&nbsp;(1572500) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $4.50 | &nbsp;&nbsp; (1000) | &nbsp;&nbsp;4/17/2026 | &nbsp;&nbsp;(450000) | &nbsp;&nbsp;(29000) |
| &nbsp;&nbsp;Seabridge Gold, Strike @ $15.00 | &nbsp;&nbsp; (1000) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1500000) | &nbsp;&nbsp;(1415000) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $3.50 | &nbsp;&nbsp; (900) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(315000) | &nbsp;&nbsp;(135000) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $4.00 | &nbsp;&nbsp; (750) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(300000) | &nbsp;&nbsp;(93750) |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Strike @ $60.00 | &nbsp;&nbsp; (524) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(3144000) | &nbsp;&nbsp;(361560) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Dnow, Strike @ $12.5 | &nbsp;&nbsp; (500) | &nbsp;&nbsp;8/21/2026 | &nbsp;&nbsp;(625000) | &nbsp;&nbsp;(62500) |
| &nbsp;&nbsp;BP Plc., Strike @ $40.00 | &nbsp;&nbsp; (500) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(2000000) | &nbsp;&nbsp;(442500) |
| &nbsp;&nbsp;Newmont Corp., Strike @ $40.00 | &nbsp;&nbsp; (420) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1680000) | &nbsp;&nbsp;(2911650) |
| &nbsp;&nbsp;DNOW Inc., Strike @ $12.50 | &nbsp;&nbsp; (400) | &nbsp;&nbsp;5/15/2026 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;(31000) |
| &nbsp;&nbsp;Comcast Corp., Strike @ $31.00 | &nbsp;&nbsp; (300) | &nbsp;&nbsp;10/16/2026 | &nbsp;&nbsp;(930000) | &nbsp;&nbsp;(50400) |
| &nbsp;&nbsp;Rexford Industrial Realty, Strike @ $35.00 | &nbsp;&nbsp; (300) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(77100) |
| &nbsp;&nbsp;BP Plc., Strike @ $55.00 | &nbsp;&nbsp; (250) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(1375000) | &nbsp;&nbsp;(111250) |
| &nbsp;&nbsp;Humana, Strike @ $400.00 | &nbsp;&nbsp; (230) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(9200000) | &nbsp;&nbsp;(233450) |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Strike @ $62.50 | &nbsp;&nbsp; (210) | &nbsp;&nbsp;5/15/2026 | &nbsp;&nbsp;(1312500) | &nbsp;&nbsp;(23100) |
| &nbsp;&nbsp;Comcast Corp., Strike @ $30.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(600000) | &nbsp;&nbsp;(24000) |
| &nbsp;&nbsp;Centene Corp., Strike @ $40.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(800000) | &nbsp;&nbsp;(23200) |
| &nbsp;&nbsp;Henry Schein, Strike @ $80.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;7/17/2026 | &nbsp;&nbsp;(1600000) | &nbsp;&nbsp;(62500) |
| &nbsp;&nbsp;Starbucks, Strike @ $90.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(1800000) | &nbsp;&nbsp;(120200) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $97.50 | &nbsp;&nbsp; (180) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1755000) | &nbsp;&nbsp;(50400) |
| &nbsp;&nbsp;Abbott Laboratories, Strike @ $100.00 | &nbsp;&nbsp; (180) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(1800000) | &nbsp;&nbsp;(310500) |
| &nbsp;&nbsp;Devon Energy Corp., Strike @ $50.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(750000) | &nbsp;&nbsp;(102750) |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $110.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(1650000) | &nbsp;&nbsp;(113850) |
| &nbsp;&nbsp;Blacksky Technology, Strike @ $15.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;5/15/2026 | &nbsp;&nbsp;(225000) | &nbsp;&nbsp;(161250) |
| &nbsp;&nbsp;Southwest Airlines, Strike @ $30.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(450000) | &nbsp;&nbsp;(158100) |
| &nbsp;&nbsp;Norwegian Cruise Line Holdings Ltd., Strike @ $20.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(300000) | &nbsp;&nbsp;(39000) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $90.00 | &nbsp;&nbsp; (140) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(1260000) | &nbsp;&nbsp;(43750) |
| &nbsp;&nbsp;The Cooper Companies, Strike @ $75.00 | &nbsp;&nbsp; (130) | &nbsp;&nbsp;8/21/2026 | &nbsp;&nbsp;(975000) | &nbsp;&nbsp;(66950) |
| &nbsp;&nbsp;Crown Castle, Strike @ $85.00 | &nbsp;&nbsp; (110) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(935000) | &nbsp;&nbsp;(72050) |
| &nbsp;&nbsp;Crown Castle, Strike @ $87.50 | &nbsp;&nbsp; (110) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(962500) | &nbsp;&nbsp;(61050) |
| &nbsp;&nbsp;Boston Scientific Corp., Strike @ $70.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(700000) | &nbsp;&nbsp;(40400) |
| &nbsp;&nbsp;Boston Scientific Corp., Strike @ $75.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(750000) | &nbsp;&nbsp;(26500) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $250.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(2500000) | &nbsp;&nbsp;(150000) |
| &nbsp;&nbsp;Diamondback Energy, Strike @ $180.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(1800000) | &nbsp;&nbsp;(311500) |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $120.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(1200000) | &nbsp;&nbsp;(54000) |
| &nbsp;&nbsp;Lamb Weston Holdings, Strike @ $42.50 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;4/17/2026 | &nbsp;&nbsp;(425000) | &nbsp;&nbsp;(25000) |
| &nbsp;&nbsp;Starbucks, Strike @ $95.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(950000) | &nbsp;&nbsp;(91800) |
| &nbsp;&nbsp;Starbucks, Strike @ $105.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(52000) |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $105.00 | &nbsp;&nbsp; (90) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(945000) | &nbsp;&nbsp;(83250) |
| &nbsp;&nbsp;Phillips 66, Strike @ $125.00 | &nbsp;&nbsp; (90) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1125000) | &nbsp;&nbsp;(549450) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $90.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(720000) | &nbsp;&nbsp;(11200) |
| &nbsp;&nbsp;Diamondback Energy, Strike @ $190.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(1520000) | &nbsp;&nbsp;(192000) |
| &nbsp;&nbsp;Henry Schein, Strike @ $75.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;11/20/2026 | &nbsp;&nbsp;(600000) | &nbsp;&nbsp;(63600) |
| &nbsp;&nbsp;PepsiCo, Strike @ $145.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(1160000) | &nbsp;&nbsp;(201600) |
| &nbsp;&nbsp;Phillips 66, Strike @ $130 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1040000) | &nbsp;&nbsp;(456800) |
| &nbsp;&nbsp;Royal Gold, Strike @ $160.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1280000) | &nbsp;&nbsp;(823600) |
| &nbsp;&nbsp;Boston Scientific Corp., Strike @ $75.00 | &nbsp;&nbsp; (70) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(525000) | &nbsp;&nbsp;(7700) |
| &nbsp;&nbsp;Akamai Technologies, Strike @ $75.00 | &nbsp;&nbsp; (70) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(525000) | &nbsp;&nbsp;(320950) |
| &nbsp;&nbsp;Abbott Laboratories, Strike @ $110.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;5/15/2026 | &nbsp;&nbsp;(550000) | &nbsp;&nbsp;(7450) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $240.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;(1200000) | &nbsp;&nbsp;(87750) |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $105.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(525000) | &nbsp;&nbsp;(10250) |
| &nbsp;&nbsp;Liberty Broadband Corp Series C., Strike @ $55.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(275000) | &nbsp;&nbsp;(12625) |
| &nbsp;&nbsp;PepsiCo, Strike @ $140.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(700000) | &nbsp;&nbsp;(114250) |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $120.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(600000) | &nbsp;&nbsp;(326000) |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Chevron Corp., Strike @ $150.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;(600000) | &nbsp;&nbsp;(225400) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $190.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;(760000) | &nbsp;&nbsp;(117240) |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $100.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;(400000) | &nbsp;&nbsp;(27000) |
| &nbsp;&nbsp;Kimberly-Clark Corp., Strike @ $105.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;(420000) | &nbsp;&nbsp;(21800) |
| &nbsp;&nbsp;PepsiCo, Strike @ $140.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(84300) |
| &nbsp;&nbsp;J.M. Smucker Co., Strike @ $95.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;(380000) | &nbsp;&nbsp;(35200) |
| &nbsp;&nbsp;Lockheed Martin Corp., Strike @ $420.00 | &nbsp;&nbsp; (25) | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(496125) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $200.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;(400000) | &nbsp;&nbsp;(57200) |
| &nbsp;&nbsp;Royal Gold, Strike @ $180.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;(360000) | &nbsp;&nbsp;(174800) |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $280.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(68900) |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $270.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;(540000) | &nbsp;&nbsp;(95000) |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $290.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;(580000) | &nbsp;&nbsp;(78600) |
| &nbsp;&nbsp;UnitedHealth Group, Strike @ $280.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(52000) |
| &nbsp;&nbsp;Equinix, Strike @ $700 | &nbsp;&nbsp; (10) | &nbsp;&nbsp;(700000) | &nbsp;&nbsp;(304500) |
| &nbsp;&nbsp;Equinix, Strike @ $740 | &nbsp;&nbsp; (10) | &nbsp;&nbsp;(740000) | &nbsp;&nbsp;(271500) |
| &nbsp;&nbsp;Equinix, Strike @ $720 | &nbsp;&nbsp; (8) | &nbsp;&nbsp;(576000) | &nbsp;&nbsp;(221520) |
| &nbsp;&nbsp;Barrick Gold Corp., Strike @ $17.00 | &nbsp;&nbsp; (7) | &nbsp;&nbsp;(11900) | &nbsp;&nbsp;(16100) |
|  | &nbsp;&nbsp; (16704) | &nbsp;&nbsp; (84506900) | &nbsp;&nbsp; (15608170) |
| &nbsp;&nbsp;Total Written Options |  | &nbsp;&nbsp;(86156900) | &nbsp;&nbsp;(7008970) |
| &nbsp;&nbsp;(1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | &nbsp;&nbsp;(1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | &nbsp;&nbsp;(1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |  |
| &nbsp;&nbsp; These inputs are summarized in the three broad levels listed below. |  |  |  |
| &nbsp;&nbsp; • Level 1 - quoted prices in active markets for identical securities |  |  |  |
| &nbsp;&nbsp; • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp; • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp; • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |  |
| &nbsp;&nbsp; • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | &nbsp;&nbsp; • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |  |  |
| &nbsp;&nbsp; The following is a summary of the inputs used as of March 31, 2026 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp; The following is a summary of the inputs used as of March 31, 2026 in valuing the Fund's assets carried at fair value: |  |  |
|  |  | &nbsp;&nbsp;Investments in | &nbsp;&nbsp;Other Financial |
| &nbsp;&nbsp;Valuation Inputs |  | &nbsp;&nbsp;Securities | &nbsp;&nbsp;Instruments |
| &nbsp;&nbsp;Level 1 - Quoted Prices |  | $&nbsp;&nbsp;84706149 | $&nbsp;&nbsp;- |
| &nbsp;&nbsp;Level 2 - Other Significant Observable Inputs |  | &nbsp;&nbsp;8822290 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Level 3 - Significant Unobservable Inputs |  | &nbsp;&nbsp;434764 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Total |  | $&nbsp;&nbsp;93963204 | $&nbsp;&nbsp;- |
| &nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |  |
| &nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |  |
| &nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |  |
| &nbsp;&nbsp;market, such securities are reflected as Level 2. |  |  |  |
| &nbsp;&nbsp;ADR - American Depositary Receipt. |  |  |  |
| &nbsp;&nbsp;SpA - "Società per Azioni," which is an Italian term for a public limited company | &nbsp;&nbsp;SpA - "Società per Azioni," which is an Italian term for a public limited company |  |  |
| &nbsp;&nbsp;plc - Public Limited Company |  |  |  |
| &nbsp;&nbsp;NV - "Naamloze Vennootschap," which is a Dutch term for a public limited company | &nbsp;&nbsp;NV - "Naamloze Vennootschap," which is a Dutch term for a public limited company |  |  |

---

---

| |
|:---|
| &nbsp;&nbsp;SE - "Societas Europaea," which is a term for public limited company under European Union law |
| &nbsp;&nbsp;AG - "Aktiengesellschaft," which is a German term for a public limited company |
| &nbsp;&nbsp;\* Represents non-income producing securities. |
| &nbsp;&nbsp;\*\* Variable rate security; the coupon rate shown represents the yield at March 31, 2026. |
| &nbsp;&nbsp;+ Default Bonds |
| &nbsp;&nbsp;∞ Distressed Securities. |
| &nbsp;&nbsp;● Level 2 Security. |
| &nbsp;&nbsp;~ Variable Rate Security. The coupon is based on an underlying pool of loans. |
| &nbsp;&nbsp;Δ Indicates a delisted security. Total market value for delisted securities is $234,300 representing 0.01% of net assets. |
| &nbsp;&nbsp;^ Indicates a fair valued security. Total market value for fair valued securities is $7,476 representing less than 0.01% of net assets and Level 3 securities. |
| &nbsp;&nbsp;(a) Subject to written option contracts. |
| &nbsp;&nbsp;(b) All or a portion of this security is held as collateral for written options. Total value of collateral for written options is $32,515,779 representing 28.58% of net assets. |
| &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $17,362 representing less than 0.01% of net assets. |
| &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $17,362 representing less than 0.01% of net assets. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FRANK FUNDS

- **b. Investment Company Act file number:** 811-21532

- **c. CIK number of Registrant:** 0001281790

- **d. LEI of Registrant:** 549300LBDAM02QHSWS48

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

  - **Street Address 1:** 781 Crandon Blvd.

  - **City:** Key Biscayne

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33149

  - **Telephone number:** 973-887-7698

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

- **a. Name of Series:** Camelot Event Driven Fund

- **b. EDGAR series identifier (if any):** S000061828

- **c. LEI of Series:** 549300LPHVKPIMYLGN33

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $114942208.89

**Total Liabilities:** $1152741.33

**Net Assets:** $113789467.57

**Cash Not Reported:** $430395.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200195 | 0.56%                | 2.45%                | -1.08%               |
| Class ID C000200196 | 0.59%                | 2.48%                | -1.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1448986.93              | $3153117.15                                |
| Month 2  | $1439122.71              | $5549084.33                                |
| Month 3  | $643197.65               | $-6980139.86                               |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Options Clearing Corp.                               | Comcast Corp., October 16, 2026, Call @ $31.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -300 | NC      | $-50400.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| 51Job, Inc.                                          | 51Job, Inc. ADR                                                                                                 | CUSIP: 316827104<br>LEI: 52990088ZF32Q8YHCJ53 | Long             | EC               | CORP              | KY        |     15400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A Spac II Acquistion Corp                            | A SPAC II Acquisition Corp.                                                                                     | CUSIP: G0543H125<br>LEI: N/A                  | Long             | EC               | CORP              | XX        |     15000 | NS      | $173850.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AFC Mortgage Loan Trust                              | AFC Home Equity Loan Trust Series 2000-02 Class 1A, 3.874%, (1 Month LIBOR USD + 0.790%) 6/25/2030              | CUSIP: 00105HEJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2233 | PA      | $2156.96      | 0.00%             | 2030-06-25      | Variable      | 3.87%                 | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                  | Abbott Laboratories                                                                                             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     33000 | NS      | $3388110.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Abbott Laboratories, January 21, 2028, Call @ $100.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -180 | NC      | $-310500.00   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Abbott Laboratories, January 21, 2028, Put @ $100.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       180 | NC      | $212400.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Abbott Laboratories, March 17, 2028, Put @ $105.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $154750.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Abbott Laboratories, May 15, 2026, Call @ $110.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-7450.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Airship AI Holdings, Inc.                            | Airship AI Holdings, Inc. Warrant                                                                               | CUSIP: 008940116<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      6500 | NS      | $4610.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                            | Akamai Technologies, Inc.                                                                                       | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      7000 | NS      | $803950.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Akamai Technologies, Inc., January 15, 2027, Call @ $75.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -70 | NC      | $-320950.00   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Akamai Technologies, Inc., January 15, 2027, Put @ $75.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        70 | NC      | $26425.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Argent Institutional Trust Co.                       | Argent Institutional Trust Co Deposit Acct                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |     30486 | NS      | $30486.01     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascent Resources, Inc.                               | Ascent Resources, Inc., 9.0% 11/01/2027                                                                         | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $583745.00    | 0.51%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  1 | On Loan: No      |
| Astaldi Societa Per Azioni                           | Astaldi SpA SPF                                                                                                 | CUSIP: N/A<br>LEI: 81560001F41A81948348       | Long             | EC               | CORP              | IT        |   1022580 | NS      | $40903.20     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| B2Gold Corp.                                         | B2Gold Corp.                                                                                                    | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    895200 | NS      | $4055256.00   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., April 17, 2026, Call @ $4.50                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -1000 | NC      | $-29000.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., January 15, 2027, Call @ $3.50                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -900 | NC      | $-135000.00   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., January 15, 2027, Call @ $4.00                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -750 | NC      | $-93750.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., November 20, 2026, Call @ $4.50                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -3000 | NC      | $-282000.00   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| BAB, Inc.                                            | BAB, Inc.                                                                                                       | CUSIP: 055183107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    479411 | NS      | $439092.53    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                               | BP PLC ADR                                                                                                      | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     95000 | NS      | $4465000.00   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc., January 15, 2027, Call @ $40.00                                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -500 | NC      | $-442500.00   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc., January 21, 2028, Call @ $35.00                                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $368750.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc., January 21, 2028, Call @ $55.00                                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -250 | NC      | $-111250.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc., January 21, 2028, Put @ $35.00                                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       700 | NC      | $194600.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP, plc., January 15, 2027, Call @ $35.00                                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $346250.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP, plc., January 15, 2027, Put @ $32.00                                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $22250.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Barrick Gold Corp., December 18, 2026, Call @ $17.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        -7 | NC      | $-16100.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp.                                   | Barrick Gold Corp.                                                                                              | CUSIP: 06849F108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       700 | NS      | $28553.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Barrick Mining Corp., December 18, 2026, Put @ $17.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $1200.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical, Inc.                        | BioMarin Pharmaceutical Inc.                                                                                    | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     73456 | NS      | $4149529.44   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 15, 2027, Call @ $60.00                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -524 | NC      | $-361560.00   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 15, 2027, Put @ $60.00                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       320 | NC      | $276800.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., May 15, 2026, Call @ $62.50                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -210 | NC      | $-23100.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Blacksky Technology Inc                              | BlackSky Technology, Inc.                                                                                       | CUSIP: 09263B207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $377400.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Blacksky Technology, Inc., May 15, 2026, Call @ $15.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-161250.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Blueprint Medicines Corp.                            | Blueprint Medicines Corp. CVR                                                                                   | CUSIP: 096CVR048<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      4000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                              | Boston Scientific Corp.                                                                                         | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     52000 | NS      | $3263000.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Boston Scientific Corp., January 21, 2028, Put @ $70.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $362500.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Boston Scientific Corp., June 18, 2026, Call @ $75.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -70 | NC      | $-7700.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Boston Scientific Corp., June 18, 2026, Put @ $72.50                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        70 | NC      | $76300.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Boston Scientific Corp., September 18, 2026, Call @ $70.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-40400.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Boston Scientific Corp., September 18, 2026, Call @ $75.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-26500.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Boston Scientific Corp., September 18, 2026, Put @ $75.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $140500.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brand Engagement Network, Inc.                       | Brand Engagement Network, Inc. Warrant                                                                          | CUSIP: 104932116<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      2066 | NS      | $537.16       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property Preferred LP                     | Brookfield Property Partners LP 6.25% (Bermuda)                                                                 | CUSIP: G1624R107<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       722 | NS      | $12562.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CFLD Cayman Investment                               | CFLD Cayman Investment, 2.500%, 01/31/2031                                                                      | CUSIP: N/A<br>LEI: 3003006ZC30FH27GHL08       | Long             | DBT              | CORP              | KY        |    239850 | PA      | $4797.00      | 0.00%             | 2031-01-31      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| CIFI Holdings Group, Co., LTD.                       | CIFI Holdings Group, 0%, 06/30/2027                                                                             | CUSIP: N/A<br>LEI: 549300WGKSV867C0JF48       | Long             | DBT              | CORP              | KY        |    356680 | PA      | $36263.66     | 0.03%             | 2027-06-30      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Captivision, Inc.                                    | Captivision Inc.                                                                                                | CUSIP: G18932106<br>LEI: N/A                  | Short            | DE               | CORP              | XX        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Captivision, Inc.                                    | Captivision Inc. Warrants                                                                                       | CUSIP: G18932114<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      2000 | NS      | $117.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                        | Centene Corp Del                                                                                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     10000 | NS      | $327400.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Centene Corp., June 18, 2026, Call @ $30.00                                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $47200.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Centene Corp., June 18, 2026, Call @ $40.00                                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-23200.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Centene Corp., June 18, 2026, Put @ $25.00                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-9050.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Centene Corp., June 18, 2026, Put @ $30.00                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $20100.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., December 18, 2026, Call @ $190.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-117240.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., December 18, 2026, Put @ $155.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $17900.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., January 21, 2028, Call @ $200.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $152500.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., January 21, 2028, Call @ $240.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-87750.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., January 21, 2028, Call @ $250.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-150000.00   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., January 21, 2028, Put @ $160.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $56850.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., June 17, 2027, Call @ $200.00                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-57200.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., September 18, 2026, Call @ $150.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-225400.00   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., September 18, 2026, Put @ $150.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $9640.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                        | Chevron Corp.                                                                                                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $4138000.00   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CitiGroup Mortgage Loan Trust, Inc.                  | CitiGroup Mortgage Loan Trust, Inc. Series 2005-OPT1 Class M3, 3.789%, (1 Month LIBOR USD + 0.710%), 2/25/2035  | CUSIP: 17307GNT1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21010 | PA      | $19496.77     | 0.02%             | 2035-02-25      | Variable      | 3.79%                 | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                 | Clear Channel Outdoor Holdings, Inc.                                                                            | CUSIP: 18453H106<br>LEI: 54930076J6KDZL504O62 | Long             | EC               | CORP              | US        |     11249 | NS      | $26660.13     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                 | Clear Channel Outdoor Holdings, Inc. Rights                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     11249 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                        | Comcast Corp.                                                                                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     50000 | NS      | $1435500.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Comcast Corp., June 18, 2026, Call @ $30.00                                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-24000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Comcast Corp., June 18, 2026, Put @ $30.00                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $51000.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Horizons Corp.                              | Computer Horizons Corp.                                                                                         | CUSIP: 205908304<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Conwert Immobilien Invest SE                         | Conwert Immobilien Invest SE (Austria)                                                                          | CUSIP: N/A<br>LEI: 529900VN62L73X20JX85       | Long             | EC               | CORP              | AT        |     45000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CWALT, Inc., Alternative Loan Series 07-0A7 Class A3 | Countrywide Alternative Loan Series 07-0A7 Class A3, 0.5017%, (1 Month LIBOR USD + 0.300%) 05/25/2047           | CUSIP: 126680AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2047-05-25      | Variable      | 0.00%                 | No            |                  1 | On Loan: No      |
| CWALT, Inc., Alternative Loan Series 07-0A7 Class A3 | Countrywide Asset-Backed Certificates Series 2007-11 Class 2M2, 3.404%, (1 Month LIBOR USD + 0.320%) 06/25/2047 | CUSIP: 23247LAH1<br>LEI: 549300H6I2066O1LC673 | Long             | DBT              | CORP              | US        |    405575 | PA      | $14819.07     | 0.01%             | 2047-06-25      | Variable      | 3.40%                 | No            |                  1 | On Loan: No      |
| Covestro Ag                                          | Covestro AG                                                                                                     | CUSIP: N/A<br>LEI: 3912005AWHKLQ1CPLV11       | Long             | EC               | CORP              | DE        |     10000 | NS      | $687214.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                                  | Crescent Energy Co.                                                                                             | CUSIP: 44952J104<br>LEI: 549300WN2AGOX1011V72 | Long             | EC               | CORP              | US        |     90000 | NS      | $1215000.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle International Corp.                     | Crown Castle International Corp.                                                                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     75000 | NS      | $6098250.00   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Call @ $97.50                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -180 | NC      | $-50400.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Call @ $85.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -110 | NC      | $-72050.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Call @ $87.50                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -110 | NC      | $-61050.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Put @ $85.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       110 | NC      | $119900.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 21, 2028, Put @ $75.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       130 | NC      | $130000.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., June 18, 2026, Call @ $90.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-11200.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., September 18, 2026, Call @ $90.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -140 | NC      | $-43750.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., September 18, 2026, Put @ $90.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $49200.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DIH Holdings, Inc.                                   | DIH Holdings, Inc.                                                                                              | CUSIP: 23290B205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       120 | NS      | $1.20         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DIH Holdings, Inc.                                   | DIH Holdings, Inc. Warrant                                                                                      | CUSIP: 23290B114<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |     30000 | NS      | $6.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc.                                            | DNOW Inc.                                                                                                       | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     90000 | NS      | $1071900.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | DNOW Inc., May 15, 2026, Call @ $12.50                                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -400 | NC      | $-31000.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                                   | Devon Energy Corp.                                                                                              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     33000 | NS      | $1660560.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Devon Energy Corp., January 15, 2027, Call @ $50.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-102750.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Devon Energy Corp., January 15, 2027, Put @ $35.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $21000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Devon Energy Corp., January 21, 2028, Put @ $35.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       180 | NC      | $60210.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                             | Diamondback Energy, Inc.                                                                                        | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     13000 | NS      | $2571270.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Diamondback Energy, Inc., September 18, 2026, Call @ $160.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $226250.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Diamondback Energy, Inc., September 18, 2026, Call @ $180.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-311500.00   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Diamondback Energy, Inc., September 18, 2026, Call @ $190.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-192000.00   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Diamondback Energy, Inc., September 18, 2026, Put @ $150.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       130 | NC      | $59800.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Digicel Group Holdings Ltd.                          | Digicel Group 0.5 Ltd. Private Placement Series 144 A 8.0%, 04/01/2025                                          | CUSIP: 25381YAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     28351 | PA      | $5212.10      | 0.00%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Digicel Group Holdings Ltd.                          | Digicel Group 0.5 Ltd. Private Placement Series 144A Conv. 7.00%, Perpetual                                     | CUSIP: 25381YAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     88196 | PA      | $4674.39      | 0.00%             | 2050-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Dnow, Inc., August 21, 2026, Call @ $12.5                                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -500 | NC      | $-62500.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Emisphere Technologies, Inc.                         | Emisphere Technologies, Inc.                                                                                    | CUSIP: 291345106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $234300.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                        | Equinix                                                                                                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      2800 | NS      | $2744672.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Call @ $700                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -10 | NC      | $-304500.00   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Call @ $740                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -10 | NC      | $-271500.00   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Put @ $700                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        10 | NC      | $18450.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Put @ $740                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        10 | NC      | $23550.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., September 18, 2026, Call @ $720                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        -8 | NC      | $-221520.00   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., September 18, 2026, Put @ $720                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |         8 | NC      | $9880.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exide Technologies                                   | Exide Technologies                                                                                              | CUSIP: 302051305<br>LEI: 549300KITCGPNNNXQP63 | Long             | EC               | CORP              | US        |      1777 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exide Technologies                                   | Exide Technologies                                                                                              | CUSIP: 302051404<br>LEI: 549300KITCGPNNNXQP63 | Long             | EC               | CORP              | US        |      5926 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exide Technologies                                   | Exide Technologies, 11.000%, 4/30/2022                                                                          | CUSIP: 302051AY3<br>LEI: 549300KITCGPNNNXQP63 | Long             | DBT              | CORP              | US        |    546810 | PA      | $0.00         | 0.00%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series B, 0.00%, (3 Month LIBOR USD + 0.1377%) Perpetual                       | CUSIP: 313400608<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     19000 | NS      | $241490.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series F, 5.00%, Perpetual                                                     | CUSIP: 313400863<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |      4500 | NS      | $64530.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series H, 5.10%, Perpetual                                                     | CUSIP: 313400855<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     55000 | NS      | $771650.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual                                                     | CUSIP: 313400780<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     10600 | NS      | $134408.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual                                                     | CUSIP: 313400756<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     42879 | NS      | $538989.03    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual                         | CUSIP: 313400715<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     25000 | NS      | $342750.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series H, 5.81%, Perpetual                                                      | CUSIP: 313586885<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |      5500 | NS      | $93500.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series I, 5.375%, Perpetual                                                     | CUSIP: 313586877<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |       700 | NS      | $11501.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series M, 4.75%, Perpetual                                                      | CUSIP: 313586836<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |      4440 | NS      | $61405.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series N, 5.50%, Perpetual                                                      | CUSIP: 313586828<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |       360 | NS      | $5868.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series T 8.25%, Perpetual                                                       | CUSIP: 313586737<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |     20000 | NS      | $199000.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios               | Fidelity Treasury Fund Cl III #696                                                                              | CUSIP: 316175884<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   8773746 | NS      | $8773745.99   | 7.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association             | GNR Government National Mortgage Series 2019-108 Class NI, 4.00%, 08/20/2049                                    | CUSIP: 38381XZK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |     62039 | PA      | $10088.37     | 0.01%             | 2049-08-20      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Corp.                         | GSR Mortgage Loan Trust Series 2005-5F Class B2, 5.76%, 6/25/2035                                               | CUSIP: 36242D7Y3<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | DBT              | CORP              | US        |      1338 | PA      | $0.01         | 0.00%             | 2035-06-25      | Fixed         | 0.74%                 | No            |                  1 | On Loan: No      |
| Greentown China Holdings Ltd.                        | Greentown China Holdings Ltd.                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     20000 | NS      | $22270.23     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GungHo Online Entertainment, Inc.                    | GungHo Online Entertainment, Inc.                                                                               | CUSIP: J18912105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20000 | NS      | $307314.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Guoco Group Ltd.                                     | Guoco Group Ltd. (Bermuda)                                                                                      | CUSIP: N/A<br>LEI: 3OIHUMDMI0Z4XVPQ8V78       | Long             | EC               | CORP              | BM        |     10000 | NS      | $86351.35     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hejun Shunze Investment Co.                          | Hejun Shunzie Investment, 11.500%, due 6/4/2022                                                                 | CUSIP: N/A<br>LEI: 2549003R8RQYIUTF0A45       | Long             | DBT              | CORP              | CN        |   5000000 | PA      | $50.00        | 0.00%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Tim Hellas Telecommunications SA                     | Hellas Telecommunication Luxembourg II SCA (United Kingdom), 6.054%, (3 Month LIBOR USD + 5.750% ) 1/15/2015    | CUSIP: 88706QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   5000000 | PA      | $6250.00      | 0.01%             | 2039-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Henry Schein, Inc.                                   | Henry Schein, Inc.                                                                                              | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     28000 | NS      | $2063600.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Henry Schein, Inc., July 17, 2026, Call @ $80.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-62500.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Henry Schein, Inc., November 20, 2026, Call @ $75.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-63600.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                          | Humana Inc.                                                                                                     | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     13500 | NS      | $2340765.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 21, 2028, Call @ $200.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       115 | NC      | $477250.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 21, 2028, Call @ $400.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -230 | NC      | $-233450.00   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 21, 2028, Put @ $180.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        70 | NC      | $345100.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 21, 2028, Put @ $185.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        15 | NC      | $76875.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 21, 2028, Put @ $195.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        15 | NC      | $85950.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 21, 2028, Put @ $200.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        15 | NC      | $90825.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Capital Group                               | Infinity Capital Group, 7.00%, 12/31/2049                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     25000 | PA      | $0.00         | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Investcorp Europe Acquisition Corp. I                | Investcorp Europe Acquisition Corp. I Class A Warrants, 11/23/2028                                              | CUSIP: G4923T113<br>LEI: N/A                  | Long             | DE               | CORP              | KY        |      3500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inyx, Inc.                                           | Inyx, Inc.                                                                                                      | CUSIP: 461868101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167850 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | J.M. Smucker Co., January 21, 2028, Put @ $90.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $231000.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | J.M. Smucker Co., September 18, 2026, Call @ $95.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-35200.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | J.M. Smucker Co., September 18, 2026, Put @ $95.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $30080.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group Plc                            | Janus Henderson Group PLC                                                                                       | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |     20000 | NS      | $1027400.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Holdings Co Ltd                           | Japan Post Holdings Co Ltd                                                                                      | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |     30000 | NS      | $338121.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Jingrui Holdings, Ltd.                               | Jingrui Holdings, Ltd., 12.750%, 09/09/2023, Defaulted                                                          | CUSIP: N/A<br>LEI: 549300RXCFKI6KHCMP52       | Long             | DBT              | CORP              | KY        |   5000000 | PA      | $12500.00     | 0.01%             | 2026-10-22      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kvh Industries, Inc.                                 | KVH Industries, Inc. Rights                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | KY        |    145009 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KWG Group Holdings, Ltd.                             | KWG Group Holdings, Ltd., 7.400%, 001/13/2027                                                                   | CUSIP: N/A<br>LEI: 549300LK82ZOM92E7H90       | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $95000.00     | 0.08%             | 2027-01-13      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd.                                                                                       | CUSIP: G52132100<br>LEI: 254900N8L3L7NRJT0120 | Long             | EC               | CORP              | KY        |    638261 | NS      | $7245.51      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2026                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    100246 | PA      | $350.86       | 0.00%             | 2026-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2028                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    200493 | PA      | $300.74       | 0.00%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2029                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    200493 | PA      | $240.59       | 0.00%             | 2029-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2030                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    250617 | PA      | $325.80       | 0.00%             | 2030-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2031                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    250617 | PA      | $275.68       | 0.00%             | 2031-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2032                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    472803 | PA      | $520.08       | 0.00%             | 2032-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% Ser A 12/31/2027                                                               | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    125314 | PA      | $250.63       | 0.00%             | 2027-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 5.00% Ser A 12/28/2027                                                               | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    115322 | PA      | $2306.44      | 0.00%             | 2027-12-28      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 5.750% Ser D 12/28/2030                                                              | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    340175 | PA      | $5102.63      | 0.00%             | 2030-12-28      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.00% 12/28/2031                                                                     | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    512512 | PA      | $8968.96      | 0.01%             | 2031-12-28      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.250% Ser F 12/28/2032                                                              | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    482319 | PA      | $6028.99      | 0.01%             | 2032-12-28      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.250% Ser IAI 12/28/2028                                                            | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    168588 | PA      | $3371.76      | 0.00%             | 2028-12-28      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.500% Ser IAI 12/28/2029                                                            | CUSIP: N/A<br>LEI: 254900N8L3L7NRJT0120       | Long             | DBT              | CORP              | KY        |    282230 | PA      | $4939.03      | 0.00%             | 2029-12-28      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co.                            | Kansai Electric Power                                                                                           | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |     10000 | NS      | $162823.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kenvue, Inc., September 18, 2026, Put @ $10.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -250 | NC      | $-25000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kenvue, Inc., September 18, 2026, Put @ $15.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $11750.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                                 | Kimberly Clark Corp.                                                                                            | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     57000 | NS      | $5498790.00   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., December 18, 2026, Call @ $100.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-27000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., December 18, 2026, Call @ $105.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-21800.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., December 18, 2026, Put @ $100.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $48000.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., December 18, 2026, Put @ $105.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $59200.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., January 21, 2028, Call @ $105.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -90 | NC      | $-83250.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., January 21, 2028, Call @ $110.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-113850.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., January 21, 2028, Call @ $120.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-54000.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., January 21, 2028, Put @ $100.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       440 | NC      | $701800.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kimberly-Clark Corp., June 18, 2026, Call @ $105.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-10250.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak AI, Inc.                                      | Kodiak AI, Inc.                                                                                                 | CUSIP: 500081104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3100 | NS      | $21514.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak AI, Inc.                                      | Kodiak AI, Inc. Warrants                                                                                        | CUSIP: 500081112<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      1550 | NS      | $1674.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings, Inc.                           | Lamb Weston Holdings, Inc.                                                                                      | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     10000 | NS      | $422600.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Lamb Weston Holdings, Inc., April 17, 2026, Call @ $42.50                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-25000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Lamb Weston Holdings, Inc., April 17, 2026, Put @ $42.50                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $34700.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lebanon, Republic of (Lebanese Republic)             | Lebanese Republic Series GMTN (Lebanon) 6.15%, 6/19/2020                                                        | CUSIP: N/A<br>LEI: 529900QPC4K951KHL354       | Long             | DBT              | CORP              | LB        |   1000000 | PA      | $239650.00    | 0.21%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series LEHN 5.50%, 02/27/2020                                                    | CUSIP: 525ESCBV0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $10.00        | 0.00%             | 2040-02-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTN 8.75%, 2/14/2023                                                      | CUSIP: 525ESCIM3<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $20.00        | 0.00%             | 2043-02-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTN1 0.00%, (1 Month CPI YOY + 2.25%) 2/17/2015                           | CUSIP: 525ESC5G0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $11.00        | 0.00%             | 2039-07-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTNG 0.00% (1 Month CPI YOY + 2.25%), 07/08/2014                          | CUSIP: 525ESCAN9<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    130000 | PA      | $13.00        | 0.00%             | 2039-02-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTNG 7.00%, 1/28/2020                                                     | CUSIP: 525ESCAI0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $10.00        | 0.00%             | 2040-01-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTNH, 8.250%, 9/23/2020                                                   | CUSIP: 525ESC059<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $10.00        | 0.00%             | 2040-09-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Liberty Broadband Corp Series C., June 18, 2026, Call @ $55.00                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-12625.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp.                              | Liberty Broadband Corp.                                                                                         | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      5000 | NS      | $251500.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                                | Lockheed Martin Corp.                                                                                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2500 | NS      | $1510975.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Lockheed Martin Corp., December 18, 2026, Call @ $420.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -25 | NC      | $-496125.00   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Lockheed Martin Corp., December 18, 2026, Put @ $420.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        25 | NC      | $23000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MANDOM Corp.                                         | MANDOM Corp.                                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     15000 | NS      | $291060.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mamezo Digital Holding Co., Ltd.                     | Mamezo Digital Holding Co., Ltd.                                                                                | CUSIP: J39738109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18000 | NS      | $400869.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                        | Medtronic plc                                                                                                   | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     40000 | NS      | $3466000.00   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Medtronic plc, January 21, 2028, Put @ $85.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       400 | NC      | $393000.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                              | Molina Healthcare, Inc.                                                                                         | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      8000 | NS      | $1066400.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Molina Healthcare, Inc., January 21, 2028, Put @ $120.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        30 | NC      | $82290.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Molina Healthcare, Inc., January 21, 2028, Put @ $150.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $217500.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Natures Miracle Holdings, Inc.                       | Natures Miracle Holdings, Inc.                                                                                  | CUSIP: 63903P209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       184 | NS      | $0.29         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natures Miracle Holdings, Inc.                       | Natures Miracle Holdings, Inc. Warrant 3/8/2029                                                                 | CUSIP: 63903P118<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      2500 | NS      | $19.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Newmont Corp., December 18, 2026, Call @ $40.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -420 | NC      | $-2911650.00  | -2.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Newmont Corp., December 18, 2026, Put @ $40.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       420 | NC      | $12390.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                        | Newmont Corp.                                                                                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     42000 | NS      | $4546500.00   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings, Ltd.                 | Norwegian Cruise Line Hldgs Lt Shs                                                                              | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     15000 | NS      | $280500.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Norwegian Cruise Line Holdings Ltd., September 18, 2026, Call @ $20.00                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-39000.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Norwegian Cruise Line Holdings Ltd., September 18, 2026, Put @ $15.00                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $19500.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Neiman-Marcus Group Inc                              | Nwa Sen                                                                                                         | CUSIP: 629ESC039<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       791 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                           | Occidental Petroleum Corp.                                                                                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     85000 | NS      | $5525000.00   | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., December 18, 2026, Call @ $55.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       850 | NC      | $1164500.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., December 18, 2026, Call @ $65.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -1700 | NC      | $-1572500.00  | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Put @ $35.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-7600.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Put @ $45.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       310 | NC      | $54560.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Put @ $47.50                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $21800.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Optinose, Inc.                                       | Optinose CVR                                                                                                    | CUSIP: 684CVR012<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |     60000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PS International Group Ltd.                          | PS International Group, Ltd.                                                                                    | CUSIP: G7308J113<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |        63 | NS      | $385.56       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pratus Energy Services Ltd.                          | Paratus Energy Services Ltd. Series 144A (United Kingdom) 10.000%, 07/15/2026                                   | CUSIP: 81173JAC3<br>LEI: 549300XB7T5BX418QX67 | Long             | DBT              | CORP              | BM        |     46097 | PA      | $45981.76     | 0.04%             | 2026-07-15      | Fixed         | 9.00%                 | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                        | PepsiCo, Inc.                                                                                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     17000 | NS      | $2639930.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | PepsiCo, Inc., December 18, 2026, Call @ $140.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-114250.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | PepsiCo, Inc., December 18, 2026, Put @ $140.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $36750.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | PepsiCo, Inc., January 21, 2028, Call @ $145.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-201600.00   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | PepsiCo, Inc., January 21, 2028, Put @ $145.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        80 | NC      | $121600.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | PepsiCo, Inc., September 18, 2026, Call @ $140.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-84300.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | PepsiCo, Inc., September 18, 2026, Put @ $140.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $21800.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.               | Pershing Square Tontine Holdings, Ltd. ESCROW                                                                   | CUSIP: 715ESC018<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Petrocorp, Inc.                                      | Petrocorp., Inc.                                                                                                | CUSIP: 71645N994<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66 Co.                                      | Phillips 66 Co.                                                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     22000 | NS      | $4007960.00   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Call @ $120.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-326000.00   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $100.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-13600.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $120.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $18250.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $130.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        80 | NC      | $43600.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, January 15, 2027, Call @ $125.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -90 | NC      | $-549450.00   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, January 15, 2027, Call @ $130                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-456800.00   | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, January 15, 2027, Put @ $125                                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        90 | NC      | $39600.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus N.V.                                          | Prosus N.V.                                                                                                     | CUSIP: 74365P108<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     33388 | NS      | $308839.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Sales Tax                                | Puerto Rico Commonwealth Restructured Series A1, 4.00%, 7/01/2037                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | CORP              | US        |     17074 | PA      | $16485.39     | 0.01%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Sales Tax                                | Puerto Rico Commonwealth Restructured Series A1, 5.625%, 7/01/2029                                              | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | CORP              | US        |     24036 | PA      | $25378.64     | 0.02%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2021                                               | CUSIP: 74526QYF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $6650.00      | 0.01%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2023                                               | CUSIP: 74526QYW6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | CORP              | US        |     10000 | PA      | $6650.00      | 0.01%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series DDD, 3.50%, 7/01/2020                                               | CUSIP: 74526QZE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $49875.00     | 0.04%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series DDD, 3.625%, 7/01/2021                                              | CUSIP: 74526QZF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $19950.00     | 0.02%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series TT, 5.00%, 7/01/2020                                                | CUSIP: 74526QKN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $36575.00     | 0.03%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series WW, 5.50%, 7/01/2019                                                | CUSIP: 74526QUV2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $9975.00      | 0.01%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Redsun Properties Group, Ltd.                        | Red Sun Properties Group, Inc., 7.30% due 1/13/2025                                                             | CUSIP: N/A<br>LEI: 549300TYWIIKAOK07L47       | Long             | DBT              | CORP              | KY        |   4400000 | PA      | $33000.00     | 0.03%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Redco Properties Group, Ltd.                         | Redco Properties Group, Ltd., 11.000%, 08/06/2023, Defaulted                                                    | CUSIP: N/A<br>LEI: 54930027GMI4T9YDMM54       | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $18750.00     | 0.02%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Regulus Therapeutics, Inc.                           | Regulus Therapeutics, Inc. CVR                                                                                  | CUSIP: 759CVR012<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |     60000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty, Inc.                      | Rexford Industrial Realty, Inc.                                                                                 | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     30000 | NS      | $981900.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Rexford Industrial Realty, Inc., December 18, 2026, Call @ $35.00                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -300 | NC      | $-77100.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Rongchangda Development                              | Rongchangda Development, 3.00%, 3/29/2028                                                                       | CUSIP: N/A<br>LEI: 549300ZND9XLR0EN3R16       | Long             | DBT              | CORP              | VG        |   1200001 | PA      | $18000.02     | 0.02%             | 2028-03-29      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Rongchangda Development                              | Rongchangda Development, 3.00%, 3/29/2028                                                                       | CUSIP: N/A<br>LEI: 549300ZND9XLR0EN3R16       | Long             | DBT              | CORP              | VG        |    249999 | PA      | $4374.98      | 0.00%             | 2028-03-29      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Ronshine China Holdings Ltd.                         | Ronshine China Holdings, Ltd., 7.35%, 12/15/2023, Defaulted                                                     | CUSIP: N/A<br>LEI: 549300GNBBT32SFSEC47       | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $7500.00      | 0.01%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Ronshine China Holdings Ltd.                         | Ronshine China Holdings, Ltd., 8.75%, 10/2/2022, Defaulted                                                      | CUSIP: N/A<br>LEI: 549300GNBBT32SFSEC47       | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $22500.00     | 0.02%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Ronshine China Holdings Ltd.                         | Ronshine Service Holding Co., Ltd                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    150000 | NS      | $2104.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                                     | Royal Gold, Inc.                                                                                                | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     10000 | NS      | $2544900.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Royal Gold, Inc., December 18, 2026, Call @ $160.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-823600.00   | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Royal Gold, Inc., December 18, 2026, Call @ $180.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-174800.00   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Royal Gold, Inc., December 18, 2026, Put @ $160.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        80 | NC      | $52000.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Royal Gold, Inc., December 18, 2026, Put @ $180.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $17900.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings, Inc.                                   | SBI Holdings, Inc.                                                                                              | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |     25000 | NS      | $448717.50    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SENKO Group Holdings Co., Ltd.                       | SENKO Group Holdings Co., Ltd.                                                                                  | CUSIP: J71004139<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25000 | NS      | $282791.25    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacre-Coeur Minerals Ltd.                            | Sacre-Coeur Minerals Ltd. (Canada)                                                                              | CUSIP: 786178103<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    109444 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                           | Scout24 SE                                                                                                      | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |      1500 | NS      | $114381.63    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc                                   | Seabridge Gold Inc.                                                                                             | CUSIP: 811916105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100000 | NS      | $2834000.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Seabridge Gold, Inc., January 15, 2027, Call @ $15.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -1000 | NC      | $-1415000.00  | -1.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill 2021 Ltd.                                   | Seadrill Ltd.                                                                                                   | CUSIP: G7997W102<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |         2 | NS      | $91.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pratus Energy Services Ltd.                          | Seadrill New Finance Private Placement Series 144A (United Kingdom) 12.00%, 7/15/2025                           | CUSIP: 811ESCAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    128802 | PA      | $0.00         | 0.00%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Semantix, Inc.                                       | Semantix, Inc. Class A Warrants 08/04/2027                                                                      | CUSIP: G6332A114<br>LEI: N/A                  | Long             | DE               | CORP              | KY        |       375 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SES SA                                               | Ses Sa 0.00% 01/14/2033                                                                                         | CUSIP: L8176HAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      4675 | PA      | $0.00         | 0.00%             | 2033-01-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Shimano Inc.                                         | Shimano Inc.                                                                                                    | CUSIP: J72262108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3000 | NS      | $310527.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 2.000% 01/21/2034 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |    693443 | PA      | $12530.52     | 0.01%             | 2034-01-21      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 2.000% 07/21/2032 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |    462295 | PA      | $11557.38     | 0.01%             | 2032-07-21      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 2.000% 07/21/2033 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |    693443 | PA      | $13868.86     | 0.01%             | 2033-07-21      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 5.000% 07/21/2031 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |     34055 | PA      | $1106.79      | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  1 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Property Holdings Ltd.                                                                                   | CUSIP: G81043104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   3375656 | NS      | $73626.60     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino Ocean Group Holdings LTD 1.00% Perpetual                                                                   | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | DBT              | CORP              | HK        |    857626 | PA      | $22598.45     | 0.02%             | 2050-12-31      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino Ocean Group Holdings LTD 3.00% 03/27/2033                                                                  | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | DBT              | CORP              | HK        |    585000 | PA      | $36416.25     | 0.03%             | 2033-03-27      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino Ocean Group Holdings LTD MCB 0.00% 03/27/2027                                                              | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | DBT              | CORP              | HK        |   2001128 | PA      | $9005.08      | 0.01%             | 2027-03-27      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino-Ocean Group Holdings, Ltd.                                                                                 | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | EC               | CORP              | HK        |   4000000 | NS      | $38265.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sohu.Com Ltd.                                        | Sohu.com Ltd.                                                                                                   | CUSIP: 83410S108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     29000 | NS      | $448050.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                               | Southwest Airlines Co.                                                                                          | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     15000 | NS      | $563550.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Southwest Airlines, Inc., January 15, 2027, Call @ $30.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-158100.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Southwest Airlines, Inc., January 15, 2027, Put @ $30.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $48450.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                      | Starbucks Corp.                                                                                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     40000 | NS      | $3583600.00   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., December 18, 2026, Call @ $105.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-52000.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., December 18, 2026, Put @ $105.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $199500.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., January 15, 2027, Call @ $95.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-91800.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., January 15, 2027, Put @ $95.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $137000.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., June 18, 2026, Call @ $90.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-120200.00   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., June 18, 2026, Put @ $90.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $125000.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | State Street SPDR S&P 500 ETF Trust, April 17, 2026, Put @ $500.00                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $6400.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | State Street SPDR S&P 500 ETF Trust, March 31, 2026, Put @ $600.00                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       125 | NC      | $125.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | State Street SPDR S&P 500 ETF Trust, March 31, 2026, Put @ $620                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $150.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Environmental & Energy Resources Inc.      | Strategic Environmental & Energy Resources, Inc.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     43000 | NS      | $1225.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncar Technology Group, Inc.                        | SunCar Technology Group, Inc. Class A, Warrant 05/18/2028                                                       | CUSIP: G85727116<br>LEI: N/A                  | Long             | DE               | CORP              | KY        |       300 | NS      | $75.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunac China Holdings Ltd.                            | Sunac China Hildings Ltd.                                                                                       | CUSIP: N/A<br>LEI: 549300OLARYHDXP3WK18       | Long             | EC               | CORP              | KY        |    500000 | NS      | $66963.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunac China Holdings, Ltd.                           | Sunac China Holdings, Ltd., 0.00%, 12/31/2049, Defaulted                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   4295256 | PA      | $655112.45    | 0.58%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Rapid7, Inc.                                         | Surgery Partners, Inc.                                                                                          | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |     22000 | NS      | $262240.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYO Co.                                             | TOYO Co Ltd Rights                                                                                              | CUSIP: G8976D107<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      1000 | NS      | $7330.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYO Co.                                             | TOYO Co Ltd WTS                                                                                                 | CUSIP: G8976D115<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |      5000 | NS      | $7250.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Takashimaya Co., Ltd                                 | Takashimaya Co., Ltd.                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     15000 | NS      | $177423.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                           | The Cooper Companies, Inc.                                                                                      | CUSIP: 216648501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $929500.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | The Cooper Companies, Inc., August 21, 2026, Call @ $75.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -130 | NC      | $-66950.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| The J. M. Smucker Company                            | The J. M. Smucker Co.                                                                                           | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     24000 | NS      | $2314560.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Times China Holdings Ltd.                            | Times China Holdings Ltd.                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    500000 | NS      | $4655.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Times China Holdings Ltd.                            | Times China Holdings, Ltd., 0.00% 03/30/2027 Defaulted                                                          | CUSIP: N/A<br>LEI: 2549000KTINB9ZPZP710       | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $8602.00      | 0.01%             | 2027-03-30      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Times China Holdings Ltd.                            | Times China Holdings, Ltd., 0.00% 03/30/2027 Defaulted                                                          | CUSIP: N/A<br>LEI: 2549000KTINB9ZPZP710       | Long             | DBT              | CORP              | KY        |    166175 | PA      | $1041.92      | 0.00%             | 2027-03-30      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Times China Holdings Ltd.                            | Times China Holdings, Ltd., 4.20% 09/30/2032 Defaulted                                                          | CUSIP: N/A<br>LEI: 2549000KTINB9ZPZP710       | Long             | DBT              | CORP              | KY        |    918900 | PA      | $25821.09     | 0.02%             | 2032-09-30      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Toyota Industries Corp.                              | Toyota Industries Corp.                                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2000 | NS      | $257040.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Treehouse Foods, Inc.                                | Treehouse Foods CVR                                                                                             | CUSIP: 894CVR018<br>LEI: N/A                  | Long             | DE               | CORP              | XX        |    162000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Of America                             | U.S. Government Treasury Bill, 2.75%, 08/15/2032                                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1850546.88   | 1.63%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  1 | On Loan: No      |
| United States Of America                             | US Treasury Note 3.375% 5/15/2033                                                                               | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1906015.62   | 1.68%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  1 | On Loan: No      |
| United States Department Of The Treasury             | US Treasury Note 4.50% 11/15/2033                                                                               | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4084687.52   | 3.59%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  1 | On Loan: No      |
| USU Software AG                                      | USU Software AG                                                                                                 | CUSIP: D1675W123<br>LEI: 391200W2QBWCAZN4SR55 | Long             | EC               | CORP              | DE        |      5000 | NS      | $47485.71     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                                                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      8000 | NS      | $2164720.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., January 15, 2027, Call @ $280.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-68900.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., January 15, 2027, Put @ $280.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $81300.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Call @ $270.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-95000.00    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Call @ $290.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-78600.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Put @ $270.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $85200.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Put @ $290.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $113600.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., September 18, 2026, Call @ $280.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-52000.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., September 18, 2026, Put @ $280.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $69000.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi Se                                           | Vivendi SE                                                                                                      | CUSIP: N/A<br>LEI: 969500FU4DRAEVJW7U54       | Long             | EC               | CORP              | FR        |    150000 | NS      | $307617.26    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WeBuild SpA                                          | WeBuild SpA ADR                                                                                                 | CUSIP: N/A<br>LEI: 549300UKR289DF4UXQ47       | Long             | EC               | CORP              | IT        |     25935 | NS      | $67779.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Winn Dixie Stores, Inc.                              | Winn Dixie Stores, Inc. 8.875% 4/01/2008                                                                        | CUSIP: 9742809B7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $0.00         | 0.00%             | 2026-04-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 1.000%, 06/30/2034                                                           | CUSIP: N/A<br>LEI: 213800MP59KHGJSPHE82       | Long             | DBT              | CORP              | KY        |     50223 | PA      | $125.56       | 0.00%             | 2034-06-30      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 4.000%, 06/30/2028                                                           | CUSIP: N/A<br>LEI: 213800MP59KHGJSPHE82       | Long             | DBT              | CORP              | KY        |     16813 | PA      | $546.42       | 0.00%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 4.500%, 06/30/2029                                                           | CUSIP: N/A<br>LEI: 213800MP59KHGJSPHE82       | Long             | DBT              | CORP              | KY        |     29350 | PA      | $880.50       | 0.00%             | 2029-06-30      | Fixed         | 4.50%                 | No            |                  1 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 5.000%, 06/30/2030                                                           | CUSIP: N/A<br>LEI: 213800MP59KHGJSPHE82       | Long             | DBT              | CORP              | KY        |     39271 | PA      | $1079.95      | 0.00%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  1 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 5.500%, 06/30/2031                                                           | CUSIP: N/A<br>LEI: 213800MP59KHGJSPHE82       | Long             | DBT              | CORP              | KY        |     55222 | PA      | $1380.55      | 0.00%             | 2031-06-30      | Fixed         | 5.50%                 | No            |                  1 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 6.000%, 06/30/2027                                                           | CUSIP: N/A<br>LEI: 213800MP59KHGJSPHE82       | Long             | DBT              | CORP              | KY        |     14553 | PA      | $1127.86      | 0.00%             | 2027-06-30      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     85189 | NS      | $1727.67      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhenro Properties Group, Ltd.                        | Zhenro Properties Group 14.724 PERP *Defaulted                                                                  | CUSIP: N/A<br>LEI: 549300I66TVJEL841P38       | Long             | DBT              | CORP              | KY        |   6000000 | PA      | $15000.00     | 0.01%             | 2026-05-20      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| Zhenro Properties Group, Ltd.                        | Zhenro Properties Group, 6.630%, 01/06/2026 *Defaulted                                                          | CUSIP: N/A<br>LEI: 549300I66TVJEL841P38       | Long             | DBT              | CORP              | KY        |    500000 | PA      | $1250.00      | 0.00%             | 2026-04-08      | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| iHeartmedia, Inc.                                    | iHeartMedia, Inc. Class A                                                                                       | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4610 | NS      | $13461.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** Frank Funds

**Signature:** /s/ Brian J. Frank

**Name of Signer:** Brian J. Frank

**Title:** President and Treasurer