# EDGAR Filing Document

**Accession Number:** 0001606378
**File Stem:** 0000910472-25-001890
**Filing Date:** 2025-9
**Character Count:** 26527
**Document Hash:** 3dd39e97d6872c6d1b06875425b7cc55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001890.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001890

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eubel Brady & Suttman Mutual Fund Trust
- **CENTRAL INDEX KEY:** 0001606378

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22960
- **FILM NUMBER:** 251354868

**BUSINESS ADDRESS:**
- **STREET 1:** 10100 INNOVATION DRIVE
- **STREET 2:** SUITE 410
- **CITY:** DAYTON
- **STATE:** OH
- **ZIP:** 45342
- **BUSINESS PHONE:** 937-291-1223

**MAIL ADDRESS:**
- **STREET 1:** 10100 INNOVATION DRIVE
- **STREET 2:** SUITE 410
- **CITY:** DAYTON
- **STATE:** OH
- **ZIP:** 45342

## Series and Classes Contracts Data

### Eubel Brady & Suttman Income Fund (Series ID: S000045949)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000143295 | Eubel Brady & Suttman Income Fund | EBSFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Eubel Brady & Suttman Mutual Fund Trust

- **b. Investment Company Act file number:** 811-22960

- **c. CIK number of Registrant:** 0001606378

- **d. LEI of Registrant:** 549300DOIRLUVPKFB434

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

  - **Street Address 1:** 10100 Innovation Drive

  - **City:** Dayton

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45342

  - **Telephone number:** 937-291-1223

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

- **a. Name of Series:** EUBEL BRADY & SUTTMAN INCOME FUND

- **b. EDGAR series identifier (if any):** S000045949

- **c. LEI of Series:** 549300SMV3PYPPLKT605

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $414342191.58

**Total Liabilities:** $1819014.30

**Net Assets:** $412523177.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2002.10797436 | **1-Year:** 21899.78498370 | **5-Year:** 32092.40224671 | **10-Year:** 2258.78522217 | **30-Year:** 6.30152881

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

- **3-Month:** 118.39731308 | **1-Year:** 2099.52812194 | **5-Year:** 2819.59240761 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143295 | 0.54%                | 0.93%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $389284.16                                 |
| Month 2  | $337000.00               | $1621399.35                                |
| Month 3  | $-38180.97               | $-365515.84                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Notes                         | U.S. Treasury Notes 4.25%, Due 1/15/2028                           | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10500000 | PA      | $10578750.00  | 2.56%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | NCP SPV Revolving Loan Maturity 09/19/2026                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   5248311 | PA      | $5233557.76   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ball Corporation                                     | Ball Corp Sr Glbl Nt 6.0% Due 06/15/2029                           | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7125531.00   | 1.73%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                            | MSCI INC SR GLBL 144A 29 4.00%, DUE 11/15/2029                     | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8692118.10   | 2.11%             | 2029-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                         | United States Treas Nts 4.625% Due  4/30/29                        | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $12291562.56  | 2.98%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies, Inc.                          | Keysight Technologies, Inc. 4.60%, DUE 04/06/2027                  | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   3614000 | PA      | $3617977.39   | 0.88%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Short-Term Invts T                                   | Invesco Treasury Portfolio Institutional Class                     | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |  40202135 | NS      | $40202134.53  | 9.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corporation 4.375%, Perpetual Maturity             | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5367391.92   | 1.30%             | 2099-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                       | Kroger Company (The) 2.650% Due 10/15/2026                         | CUSIP: 501044DE8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   5098000 | PA      | $4985356.02   | 1.21%             | 2026-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Jacobs Engineering Group Inc.                        | Jacobs Engineering Group 6.35%, Due 08/18/2028                     | CUSIP: 469814AB3<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9423370.44   | 2.28%             | 2028-08-18      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CNG Holdings, Inc.                                   | CNG Holdings, Inc. 14.50%, Due 06/30/2026                          | CUSIP: 12612DAK2<br>LEI: 5493007UWN8DW8ZWF476 | Long             | DBT              | CORP              | US        |   3969000 | PA      | $3693551.40   | 0.90%             | 2026-06-30      | Fixed         | 14.50%                | Yes           |                  2 | On Loan: No      |
| Kennametal Inc                                       | Kennametal, Inc. 4.625%, Due 06/15/2028                            | CUSIP: 489170AE0<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3597264.04   | 0.87%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                         | U.S. Treasury Notes 4.5%, Due 5/15/2027                            | CUSIP: 91282CKR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $12103125.00  | 2.93%             | 2027-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| First Maryland Capital I                             | First Maryland Capital I FRN, Due 01/15/2027                       | CUSIP: 320808AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4913969.55   | 1.19%             | 2027-01-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Mckesson Corp.                                       | MCKESSON CORP .9%, Due 12/03/2025                                  | CUSIP: 581557BQ7<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   6065000 | PA      | $5987280.36   | 1.45%             | 2025-12-03      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| First National Bank of Nebraska Inc.                 | First National of Nebraska 7.25%, Due 06/15/2035                   | CUSIP: 32119CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6084128.40   | 1.47%             | 2035-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                          | Humana, Inc. 3.95%, DUE 03/15/2027                                 | CUSIP: 444859BF8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4465657.13   | 1.08%             | 2027-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company                         | Sherwin-Williams Company (The) 3.45%, due 06/01/2027               | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4910888.05   | 1.19%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Edwards Lifesciences Corporation                     | Edwards Lifesciences Corporation 4.30%, Due 06/15/2028             | CUSIP: 28176EAD0<br>LEI: YA13X31F3V31L8TMPR58 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4989896.10   | 1.21%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Cencora Inc                                          | Cencora, Inc. 4.625%, Due 12/15/2027                               | CUSIP: 03073EAV7<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5523563.82   | 1.34%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Magna International Inc                              | Magna International Incorporated 5.05%, Due 03/14/2029             | CUSIP: 559222BA1<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5075918.40   | 1.23%             | 2029-03-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| F N B Corp (Pennsylvania)                            | FNP Corporation 5.722%, Due 12/11/2030                             | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8045341.28   | 1.95%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Heico Corp                                           | Heico Corporation 5.25%, Due 08/01/2028                            | CUSIP: 422806AA7<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |  10900000 | PA      | $11105629.48  | 2.69%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Churchill LBC LLC                                    | Churchill LBC LLC 9.25%, Due 01/01/2031                            | CUSIP: 171495AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5006054.45   | 1.21%             | 2031-01-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| The J M Smucker Company                              | J.M. Smucker Company (The) 3.375%, Due 12/15/2027                  | CUSIP: 832696AR9<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8306718.50   | 2.01%             | 2027-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Walgreens Boots Alliance Inc.                        | Walgreens Boots Alliance 3.45%, Due 06/01/2026                     | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3941172.40   | 0.96%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Garrett Motion Holdings Inc. / Garrett LX I S.a.r.l. | Garrett Motion Holdings 7.75%, Due 05/31/2032                      | CUSIP: 366504AA6<br>LEI: 5493001N1N6Z0SR83G07 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8302376.00   | 2.01%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Mohawk Industries, Inc.                              | Mohawk Industries Incorporated 5.85%, Due 09/18/2028               | CUSIP: 608190AM6<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11394550.20  | 2.76%             | 2028-09-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                            | Federal Farm Credit Bank 5.42%, Due 08/12/2033                     | CUSIP: 3133ER3E9<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |  10000000 | PA      | $9987032.60   | 2.42%             | 2033-08-12      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank           | Zions Bancorporation NA 3.25%, Due 10/29/2029                      | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4588829.90   | 1.11%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| The Timken Company                                   | Timken Company (The) 4.50%, due 12/15/2028                         | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |  12433000 | PA      | $12409485.34  | 3.01%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | NCP SNIP Revolving Loan 13.50%, Maturity 12/31/2025                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5725000 | PA      | $5719458.20   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                | Western Ditigal Corp. 4.75% due 02/15/2026                         | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1488000 | PA      | $1483318.01   | 0.36%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.       | Penske Truck Leasing Company, L.P. 5.70%, Due 02/01/2028           | CUSIP: 709599BS2<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11266732.73  | 2.73%             | 2028-02-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Federal Farm Credit Banks                            | FFCB  5.31 DUE 09/25/2035                                          | CUSIP: 3133ERUX7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4500000 | PA      | $4479035.45   | 1.09%             | 2035-09-25      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Reese Farms Development LLC                          | Reese Farms Development 8.50%, Due 07/15/2029                      | CUSIP: 75846GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5108940.00   | 1.24%             | 2029-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                         | U.S. Treasury Notes 4.375%, Due 12/31/2029                         | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $12715332.00  | 3.08%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                               | Micron Technology, Inc. 6.75%, Due 11/01/2029                      | CUSIP: 595112BV4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5379415.15   | 1.30%             | 2029-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Textron Inc.                                         | Textron, Inc, 3.90%, due 09/17/2029                                | CUSIP: 883203CA7<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6829683.56   | 1.66%             | 2029-09-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Bank OZK Little Rock Arkansas                        | Bank of the Ozarks 2.75 % Due 10/1/31                              | CUSIP: 06417NA94<br>LEI: 549300VYK2WBD7SST478 | Long             | DBT              | CORP              | US        |  12250000 | PA      | $10902500.00  | 2.64%             | 2031-10-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                            | Raytheon Technology Corporation 3.95%, Due 08/16/2025              | CUSIP: 913017DD8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4997941.40   | 1.21%             | 2025-08-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                               | Truist Financial Corporation Floater, Due 05/15/2027               | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   5788000 | PA      | $5731280.61   | 1.39%             | 2027-05-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                         | U.S. Treasury Notes 4.25%, Due 2/15/2028                           | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10080859.40  | 2.44%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sthn Bancshares Nc                                   | Southern Bancshares 3.125%, Due 06/30/2031                         | CUSIP: 842243AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5148316.81   | 1.25%             | 2031-06-30      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                          | Humana Incorporated 5.375%, Due 04/15/2031                         | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8158102.00   | 1.98%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                       | Hewlett Packard Enterprise Company 4.90%, Due 10/15/2025           | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   5231000 | PA      | $5230971.02   | 1.27%             | 2025-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LKQ Corporation                                      | LKQ Corporation 5.75%, Due 06/15/2028                              | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11259567.77  | 2.73%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Loews Corporation                                    | LOEWS CORP 3.75%, DUE 04/01/2026                                   | CUSIP: 540424AS7<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5969707.56   | 1.45%             | 2026-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Verisign, Inc.                                       | Verisign, Inc. 4.75%, Due 07/15/2027                               | CUSIP: 92343EAL6<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5998488.36   | 1.45%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc           | Fidelity National Information Services, Inc. 4.70%, DUE 07/15/2027 | CUSIP: 31620MBW5<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5000688.80   | 1.21%             | 2027-07-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                              | Arrow Electronics Incorporated 5.15%, Due 08/21/2029               | CUSIP: 04273WAF8<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5070212.10   | 1.23%             | 2029-08-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Polaris Inc.                                         | POLARIS INC SR NT 6.95%, DUE 03/15/2029                            | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8432187.44   | 2.04%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Natural Resource Partners L.P.                       | NATURAL RESOURCE PARTNERS, L.P.                                    | CUSIP: 63900P608<br>LEI: 529900EECJ7CSX1S1S58 | Long             | EC               | CORP              | US        |     69000 | NS      | $7066980.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ponder Farms LBC LLC                                 | Ponder Farms LBC, LLC 8.50%, Due 01/01/2029                        | CUSIP: 732377AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4131913 | PA      | $4137261.02   | 1.00%             | 2029-01-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Eubel Brady & Suttman Income Fund

**Signature:** Sarah Criger

**Name of Signer:** Sarah Criger

**Title:** VP, Fund Accounting