# EDGAR Filing Document

**Accession Number:** 0000277585
**File Stem:** 0001145549-23-003671
**Filing Date:** 2023-1
**Character Count:** 27441
**Document Hash:** 7f87f7df049bec35ddd1612b1d2745d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003671.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001145549-23-003671

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARRETT OPPORTUNITY FUND, INC.
- **CENTRAL INDEX KEY:** 0000277585
- **IRS NUMBER:** 132967825
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02884
- **FILM NUMBER:** 23560824

**BUSINESS ADDRESS:**
- **STREET 1:** BARRETT ASSET MANAGEMENT, LLC
- **STREET 2:** 90 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 212-983-5080

**MAIL ADDRESS:**
- **STREET 1:** BARRETT ASSET MANAGEMENT, LLC
- **STREET 2:** 90 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SALOMON BROTHERS OPPORTUNITY FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEHMAN OPPORTUNITY FUND INC
- **DATE OF NAME CHANGE:** 19900503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LBKL CAPITAL OPPORTUNITY FUND INC
- **DATE OF NAME CHANGE:** 19850115

## Series and Classes Contracts Data

### BARRETT OPPORTUNITY FUND, INC. (Series ID: S000008740)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023798 | Class O      | SAOPX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Barrett Opportunity Fund** | **Barrett Opportunity Fund** | |
| **Schedule of Investments** | **Schedule of Investments** | |
| **November 30, 2022 (Unaudited)** | **November 30, 2022 (Unaudited)** | |
| **Shares** |  |<br><br>**Value** |
| | **COMMON STOCKS - 88.86%** | |
| | **Administrative and Support Services - 1.98%** | |
| 5000 | Fidelity National Information Services, Inc. | $362900 |
| 1500 | FleetCor Technologies, Inc. | 294300 |
| 7000 | Paypal Holdings, Inc. (a) | 548870 |
|  |  | 1206070 |
|  | **Beverage and Tobacco Product Manufacturing - 3.05%** |  |
| 10000 | PepsiCo., Inc. | 1855100 |
|  | **Building Material and Garden Equipment - 2.13%** |  |
| 4000 | The Home Depot, Inc. | 1295960 |
|  | **Chemical Manufacturing - 6.00%** |  |
| 12000 | Abbott Laboratories | 1290960 |
| 10000 | AbbVie, Inc. | 1611800 |
| 15000 | Pfizer, Inc. | 751950 |
|  |  | 3654710 |
|  | **Computer and Electronic Product Manufacturing - 14.72%** |  |
| 30000 | Alphabet, Inc. - Class C (a) | 3043500 |
| 26700 | Apple, Inc. | 3952401 |
| 3500 | Thermo Fisher Scientific, Inc. | 1960770 |
|  |  | 8956671 |
|  | **Credit Intermediation and Related Activities - 6.11%** |  |
| 81000 | The Bank of New York Mellon Corp. (b) | 3717900 |
|  | **Data Processing, Hosting and Related Services - 6.51%** |  |
| 15000 | Automatic Data Processing, Inc. | 3962100 |
|  | **Insurance Carriers and Related Activities - 2.17%** |  |
| 10000 | Progressive Corp. | 1321500 |
|  | **Merchant Wholesalers, Nondurable Goods - 5.79%** |  |
| 70000 | Jefferies Financial Group, Inc. | 2659300 |
| 10000 | Sysco Corp. | 865100 |
|  |  | 3524400 |
|  | **Miscellaneous Manufacturing- 1.46%** |  |
| 5000 | Johnson & Johnson | 890000 |
|  | **Motor Vehicle and Parts Dealers - 6.32%** |  |
| 13000 | Murphy USA, Inc. (b) | 3845530 |
|  | **Oil and Gas Extraction - 12.87%** |  |
| 60600 | Murphy Oil Corp. | 2860320 |
| 85100 | Shell PLC - Class A - ADR (b) | 4975797 |
|  |  | 7836117 |
|  | **Publishing Industries (except Internet) - 6.92%** |  |
| 16500 | Microsoft Corp. (b) | 4209810 |
|  | **Securities, Commodity Contracts, and Other Financial Activities - 2.46%** |  |
| 10000 | Ares Management Corp. | 783900 |
| 1000 | Blackrock Inc. | 716000 |
|  |  | 1499900 |
|  | **Transportation Equipment Manufacturing - 10.37%** |  |
| 25000 | General Dynamics Corp. (b) | 6309750 |
|  | **Total Common Stocks (Cost $12,075,787)** | **54085518** |
|  | **REAL ESTATE INVESTMENT TRUSTS (REITs) - 4.87%** |  |
|  | **Real Estate - 4.87%** |  |
| 7000 | Crown Castle International Corp. | 990010 |
| 54985 | Rayonier, Inc. | 1972862 |
|  | **Total Real Estate Investment Trusts (Cost $1,496,190)** | **2962872** |
|  | **SHORT-TERM INVESTMENTS - 6.32%** |  |
|  | **Money Market Funds - 6.32%** |  |
| 3844923 | Fidelity Institutional Money Market Fund - Government Portfolio - Class I, 3.56% (c) | 3844923 |
|  | **Total Short-Term Investments (Cost $3,844,923)** | **3844923** |
|  | **Total Investments (Cost $17,416,901) - 100.05%** | **60893313** |
|  | **Liabilities in Excess of Other Assets - (0.05)%** | **(29004)** |
|  | **Total Net Assets - 100.00%** | $**60864309** |

---

---

| | |
|:---|:---|
| Percentages stated are a percentage of net assets. | Percentages stated are a percentage of net assets. |
| ADR | American Depository Receipt |
| PLC | Public Limited Company |
| (a) | Non-income producing security. |
| (b) | A portion of this security may be subject to call options written and is pledged as |
|  | collateral for options written. The aggregate value of these securities as of November 30, |
|  | 2022 was $4,114,965. |
| (c) | Rate shown is the 7-day effective yield as of November 30, 2022. |

---

---

| | | | |
|:---|:---|:---|:---|
| | **SCHEDULE OF WRITTEN OPTIONS** | | |
|<br>**Number of Contracts** |  |<br>**Notional Amount** |<br>**Value** |
| | **Call Options** | | |
| 80 | Bank of New York Mellon Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $70.00 | $367200 | $2800 |
| 50 | General Dynamics Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $250.00 | 1261950 | 38500 |
| 25 | General Dynamics Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $270.00 | 630975 | 4375 |
| 15 | Microsoft Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $375.00 | 382710 | 38 |
| 15 | Murphy USA, Inc. |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $320.00 | 443715 | 6225 |
| 15 | Murphy USA, Inc. |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $350.00 | 443715 | 3150 |
| 100 | Shell PLC |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: January 2023, Exercise Price: $60.00 | 584700 | 17100 |
|  | **Total Options Written (Premiums Recevied $221,321)** |  | $**72188** |
|  | The accompanying notes are an integral part of these financial statements. |  |  |

---

------

#### Notes to Financial Statements (Unaudited)

1) Investment Valuation

Equity securities, including common stocks and REITs, for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade.

Redeemable securities issued by open-end, registered investment companies, including money market funds, are valued at the net asset value ("NAV") of such companies for purchase and / or redemption orders placed on that day.

Exchange traded options, including options written, are valued at the composite price, using the National Best Bid and Offer quotes ("NBBO"). NBBO consists of the highest bid price and lowest ask price across any of the exchanges on which an option is quoted, thus providing a view across the entire U.S. options marketplace. Specifically, composite pricing looks at the last trades on the exchanges where the options are traded. If there are no trades for the option on a given business day, composite option pricing calculates the mean of the highest bid price and lowest ask price across the exchanges where the option is traded.

When prices are not readily available, or are determined not to reflect fair value, such as, when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities at fair value as determined in accordance with procedures approved by the Fund's Board of Directors.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and / or income approach, depending on the type of the security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

Financial Accounting Standards Board ("FASB") Accounting Standards Codification, "Fair Value Measurements and Disclosures" Topic 820 ("ASC Topic 820"), establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Fund's investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – quoted prices in active markets for identical investments as of the measurement date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

Inputs refer broadly to the assumptions that market participants use to make valuation decisions, including assumptions about risk. Inputs may include price information, volatility statistics, specific and broad credit data, liquidity statistics, and other factors. A financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires significant judgment by the Fund. The Fund considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Fund's perceived risk of that instrument.

Investments whose values are based on quoted market prices in active markets include listed equities, including common stocks and REITs, and certain money market securities, and are classified within Level 1. Instruments that trade in markets that are not considered to be active, but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs, are classified within Level 2. Investments classified within Level 3 have significant unobservable inputs, as they trade infrequently or not at all.

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value as of November 30, 2022. The inputs and methodologies used to value securities may not be an indication of the risk associated with investing in these securities.

**---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Quoted Prices (Level 1) | Other Significant Observable Inputs<br> (Level 2) | Significant<br> Unobservable Inputs (Level 3) | Total |
| Assets |  |  |  |  |
| Common Stocks | $54085518 | $- | $- | $54085518 |
| Money Market Funds | 3844923 | - | - | 3844923 |
| REITs | 2962872 | - | - | 2962872 |
| Total Assets | $60893313 | $- | $- | $60893313 |
| Liabilities |  |  |  |  |
| Written Options | $(59975) | $(12213) | $- | $(72188) |

---

**

2) Options

GAAP requires enhanced disclosures about the Fund's derivative activities, including how such activities are accounted for and their effect on the Fund's financial position and results of operations.

The Fund is subject to equity price risk in the normal course of pursuing its investment objective. The Fund enters into written call options to hedge against changes in the value of equities. The Fund's option component of the overall investment strategy is often referred to as a "buy-write" strategy (also called a "covered call" strategy), in which the Adviser (as defined below) writes (sells) a call option contract while at the same time owning an equivalent number of shares of the underlying stock to generate moderate current income. The writing of call options is intended to reduce the volatility of the portfolio and to earn premium income. Written call options expose the Fund to minimal counterparty credit risk since they are exchange traded and the exchange's clearing house guarantees the options against default.

As the writer of a call option, the Fund has the obligation to sell the security at the exercise price during the exercise period in the event the option is exercised.

**---

| | | |
|:---|:---|:---|
| Derivative Instruments |  |  |
| The Fund may invest in derivative instruments. The use of derivatives included written options. | The Fund may invest in derivative instruments. The use of derivatives included written options. | The Fund may invest in derivative instruments. The use of derivatives included written options. |
| Statement of Assets & Liabilities -- Values of derivative instruments as of | Statement of Assets & Liabilities -- Values of derivative instruments as of |  |
| November 30, 2022: |  |  |
|  | Liability Derivatives |  |
| Derivatives not | Statement of |  |
| accounted for as | Assets and |  |
| hedging instruments | Liabilities Location | Value |
| Equity Contracts - Options | Options written, at value | $72188 |

---

**

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Barrett Opportunity Fund, Inc.

- **b. Investment Company Act file number:** 811-02884

- **c. CIK number of Registrant:** 0000277585

- **d. LEI of Registrant:** 5493007C4TDF44PWVL47

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

  - **Street Address 1:** 90 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10016

  - **Telephone number:** 212-983-5080

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

- **a. Name of Series:** Barrett Opportunity Fund, Inc.

- **b. EDGAR series identifier (if any):** S000008740

- **c. LEI of Series:** 5493007C4TDF44PWVL47

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $61021209.47

**Total Liabilities:** $156900.46

**Net Assets:** $60864309.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023798 | -8.02%               | 9.62%                | 4.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8329.09                 | $-4753636.40                               |
| Month 2  | $0.00                    | $5214978.05                                |
| Month 3  | $1926348.82              | $430711.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     12000 | NS      | $1290960.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     10000 | NS      | $1611800.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     30000 | NS      | $3043500.00   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     26700 | NS      | $3952401.00   | 6.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp           | Ares Management Corp                       | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     10000 | NS      | $783900.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     15000 | NS      | $3962100.00   | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     81000 | NS      | $3717900.00   | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                  | BlackRock Inc                              | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      1000 | NS      | $716000.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      7000 | NS      | $990010.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio              | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3844923 | NS      | $3844923.28   | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information  | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      5000 | NS      | $362900.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies Inc      | FleetCor Technologies Inc                  | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1500 | NS      | $294300.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     25000 | NS      | $6309750.00   | 10.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4000 | NS      | $1295960.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group Inc              | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     70000 | NS      | $2659300.00   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5000 | NS      | $890000.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     16500 | NS      | $4209810.00   | 6.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                | Murphy Oil Corp                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     60600 | NS      | $2860320.00   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                 | Murphy USA Inc                             | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     13000 | NS      | $3845530.00   | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      7000 | NS      | $548870.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     10000 | NS      | $1855100.00   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                     | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     15000 | NS      | $751950.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     10000 | NS      | $1321500.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                   | Rayonier Inc                               | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     54985 | NS      | $1972861.80   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     85100 | NS      | $4975797.00   | 8.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     10000 | NS      | $865100.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3500 | NS      | $1960770.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Bank of New York Mellon Corp/The           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -80 | NC      | $-2800.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | General Dynamics Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-38500.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | General Dynamics Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -25 | NC      | $-4375.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-37.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Murphy USA Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-6225.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Murphy USA Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-3150.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Shell PLC                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-17100.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-01-24

**Name of Applicant:** Barrett Opportunity Fund, Inc.

**Signature:** Owen Gilmore

**Name of Signer:** Barrett Opportunity Fund, Inc.

**Title:** Chief Financial Officer & Treasurer