# EDGAR Filing Document

**Accession Number:** 0001688680
**File Stem:** 0001003715-25-000942
**Filing Date:** 2025-10
**Character Count:** 65109
**Document Hash:** 64a62767befaa9e2a8020af58727b2f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-25-000942.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001003715-25-000942

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brinker Capital Destinations Trust
- **CENTRAL INDEX KEY:** 0001688680

**ORGANIZATION NAME:**
- **EIN:** 816867493
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23207
- **FILM NUMBER:** 251419263

**BUSINESS ADDRESS:**
- **STREET 1:** 1055 WESTLAKES DRIVE, SUITE 250
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312
- **BUSINESS PHONE:** (610) 407-8348

**MAIL ADDRESS:**
- **STREET 1:** 1055 WESTLAKES DRIVE, SUITE 250
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312

## Series and Classes Contracts Data

### Destinations Multi Strategy Alternatives Fund (Series ID: S000056101)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000176693 | Class I      | DMSFX           |
| C000202453 | Class Z      | DMSZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Brinker Capital Destinations Trust

- **b. Investment Company Act file number:** 811-23207

- **c. CIK number of Registrant:** 0001688680

- **d. LEI of Registrant:** 549300X40Y9W6WTS8B82

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

  - **Street Address 1:** 1055 Westlakes Drive, Suite 250

  - **City:** Berwyn

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19312

  - **Telephone number:** 800-333-4573

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

- **a. Name of Series:** Destinations Multi Strategy Alternatives Fund

- **b. EDGAR series identifier (if any):** S000056101

- **c. LEI of Series:** 549300B0D7EK5JLACQ88

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $565279818.02

**Total Liabilities:** $9461497.45

**Net Assets:** $555818320.57

**Cash Not Reported:** $91408679.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -590.54610932 | **1-Year:** -3694.28342459 | **5-Year:** -3593.04340396 | **10-Year:** -853.31696048 | **30-Year:** -0.18939958

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

- **3-Month:** -395.11421278 | **1-Year:** -5403.31984363 | **5-Year:** -5402.63094115 | **10-Year:** -4257.87469045 | **30-Year:** -4860.64438860

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000202453 | 1.44%                | 0.50%                | 0.80%                |
| Class ID C000176693 | 1.46%                | 0.49%                | 0.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $810705.39               | $4761368.03                                |
| Month 2  | $1610777.14              | $803622.34                                 |
| Month 3  | $-758570.02              | $4303056.68                                |

**Designated Index Information**

- **Index Name:** 60% Russell 3000 Index 40% ICE BofA US 3M Treasury Bill

- **Index Identifier:** RUSSELL.MC.RAY/MERRILL.MC.G0O1

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WFRBS 2014-C22 A V/R 09/15/24               | WFRBS COMMERCIAL MORTGAGE TRUST 2014-C22 SER 2014-C22 CL AS V/R REGD 4.06900000                   | CUSIP: 92890KBC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2960594 | PA      | $2812623.67   | 0.51%             | 2057-09-15      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| GESHER ACQUISITION CORP II-A                | GESHER ACQUISITION CORP II-A 0.00000000                                                           | CUSIP: G3852D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    213051 | NS      | $2158206.63   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL CAP CORP X                        | CHURCHILL CAP CORP X 0.00000000                                                                   | CUSIP: G2130T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59292 | NS      | $599442.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLT 2003-A M1 V/R 08/25/33                 | FREMONT HOME LOAN TRUST 2003-A SER 2003-A CL M1 V/R REGD 5.41203000                               | CUSIP: 35729PBL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3507462 | PA      | $3754438.20   | 0.68%             | 2033-08-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BLUE WTR ACQUI WT EX 05/30/32               | BLUE WTR ACQUISITION CORP III_  WARRANTS EXP 05/30/32_ 0.00000000                                 | CUSIP: G1368E114<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |     69238 | NS      | $9762.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOMALOGIC INC WRT 12/31/27                  | SOMALOGIC INC WARRANT EXPIRES_  12/31/27_ 0.00000000                                              | CUSIP: 83444K113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     77310 | NS      | $7808.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE PROPER 8.625% 11/15/31              | SERVICE PROPERTIES TRUST REGD 144A P/P 8.62500000                                                 | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3710000 | PA      | $3954392.54   | 0.71%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CHEC 2004-1 A3 V/R 07/25/34                 | CHEC LOAN TRUST 2004-1 SER 2004-1 CL A3 V/R REGD 144A P/P 5.43703000                              | CUSIP: 162765AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1496923 | PA      | $1474131.49   | 0.27%             | 2034-07-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BRAB7 05.000 SP 12/20/2027 GOLDNY A15-E25 LONG                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $1855021.18   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCHIMEDES TECH SPAC PARTNER                | ARCHIMEDES TECH SPAC PARTNER 0.00000000                                                           | CUSIP: G04537109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    406488 | NS      | $4125853.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | TRS CFD GSUCDHY1 /LONG/                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-84827.41    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CHURCHILL CAP COR WRT 05/15/32              | CHURCHILL CAP CORP WARRANT 05/15/2032 0.00000000                                                  | CUSIP: G2130T116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     14823 | NS      | $8895.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | CFD MSHEWSC                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-196392.45   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CARMX 2024-1 A2 5.3% 11/15/25               | CARMAX AUTO OWNER TRUST 2024-1 SER 2024-1 CL A2A REGD 5.30000000                                  | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    679560 | PA      | $680053.91    | 0.12%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| INDX 2006-FLX1 A V/R 11/25/36               | INDYMAC INDX MORTGAGE LOAN TRUST 2006-R1 SER 2006-FLX1 CL A1 V/R REGD 4.85703000                  | CUSIP: 45667WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2812057 | PA      | $2673131.47   | 0.48%             | 2036-11-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CFD MSXXBIOH                                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-666832.42   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| CAS 2016-C02 1B V/R 09/25/28                | FANNIE MAE CONNECTICUT AVENUE SECURITIES SER 2016-C02 CL 1B V/R REGD 16.71287000                  | CUSIP: 30711XCH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3379086 | PA      | $3567175.39   | 0.64%             | 2028-09-25      | Variable      | 16.71%                | No            |                  2 | On Loan: No      |
| STACR 2018-HRP1  V/R 05/25/43               | STACR TRUST 2018-HRP1 SER 2018-HRP1 CL B2 V/R REGD 144A P/P 16.21287000                           | CUSIP: 3137G0VB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4682167 | PA      | $5647330.99   | 1.02%             | 2043-05-25      | Variable      | 16.21%                | Yes           |                  2 | On Loan: No      |
| SURF 2004-BC1 M1 V/R 02/25/35               | SPECIALTY UNDERWRITING & RESIDENTIAL FINANCE TRUST SER 2004-BC1 CL M1 V/R REGD 5.20203000         | CUSIP: 84751PBZ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000797 | PA      | $2075287.41   | 0.37%             | 2035-02-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| HIGHVIEW MERGER CORP                        | HIGHVIEW MERGER CORP 0.00000000                                                                   | CUSIP: G4569C127<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    332626 | NS      | $3346217.56   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE THERAPEUTICS INC                     | APOGEE THERAPEUTICS INC 0.00000000                                                                | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37200 | NS      | $1352964.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ELAT 2007-1 A1 V/R 05/25/37                 | ELLINGTON LOAN ACQUISITION TRUST 2007-1 SER 2007-1 CL A1 V/R REGD 144A P/P 5.53703000             | CUSIP: 288542AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1137703 | PA      | $1113682.41   | 0.20%             | 2037-05-25      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| ARMT 2005-2 6M2 V/R 06/25/35                | ADJUSTABLE RATE MORTGAGE TRUST 2005-2 SER 2005-2 CL 6M2 V/R REGD 5.41703000                       | CUSIP: 007036HA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1138490 | PA      | $1140435.21   | 0.21%             | 2035-06-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| MLMI 2005-FM1 M1 V/R 05/25/36               | MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIE SER 2005-FM1 CL M1 V/R REGD 5.15703000               | CUSIP: 59020UC29<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     62057 | PA      | $61847.66     | 0.01%             | 2036-05-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| EMLT 2003-2 1A1 V/R 09/25/33                | EQUIFIRST MORTGAGE LOAN TRUST 2003-2 SER 2003-2 CL 1A1 V/R REGD 5.59941000                        | CUSIP: 29445FAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2190774 | PA      | $2180963.67   | 0.39%             | 2033-09-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| T/L CROWN FINA 00.00% 12/02/31              | T/L CROWN FINANCE US INC 0.00000000                                                               | CUSIP: 22834KAV3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3537711 | PA      | $3533289.14   | 0.64%             | 2031-12-02      | Variable      | 8.85%                 | No            |                  2 | On Loan: No      |
| ARROWHEAD PHARMACEUTICALS IN                | ARROWHEAD PHARMACEUTICALS IN 0.00000000                                                           | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     56440 | NS      | $1243373.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PPSI 2005-WCH1 M V/R 01/25/36               | PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUG SER 2005-WCH1 CL M5 V/R REGD 5.75703000        | CUSIP: 70069FFM4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3479168 | PA      | $3334346.27   | 0.60%             | 2036-01-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| COMM 2015-LC2 3.774% 10/10/25               | COMM 2015-LC23 MORTGAGE TRUST SER 2015-LC23 CL A4 REGD 3.77400000                                 | CUSIP: 12636FBJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    531955 | PA      | $530970.19    | 0.10%             | 2048-10-10      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| BOLD EAGLE ACQUISITION COR-A                | BOLD EAGLE ACQUISITION COR-A 0.00000000                                                           | CUSIP: G2003N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    545548 | NS      | $5651877.28   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CANNAE HOLDINGS INC                         | CANNAE HOLDINGS INC 0.00000000                                                                    | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |    290604 | NS      | $5434294.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TMTS 2006-7 1A2C V/R 07/25/37               | TERWIN MORTGAGE TRUST 2006-7 SER 2006-7 CL 1A2C V/R REGD 144A P/P 4.97703000                      | CUSIP: 88156PAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2465000 | PA      | $2219013.95   | 0.40%             | 2037-07-25      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC V/R /PERP/                   | NRG ENERGY INC REGD V/R /PERP/ 144A P/P 10.25000000                                               | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   6965420 | PA      | $7678393.43   | 1.38%             | 2173-09-15      | Variable      | 10.25%                | Yes           |                  2 | On Loan: No      |
| N/A                                         | CFD MSDRCASI                                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-212827.75   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STACR 2020-DNA1  V/R 01/25/50               | FREDDIE MAC STACR REMIC TRUST 2020-DNA1 SER 2020-DNA1 CL B2 V/R REGD 144A P/P 9.71287000          | CUSIP: 35565HBE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5438000 | PA      | $5993738.04   | 1.08%             | 2050-01-25      | Variable      | 9.71%                 | Yes           |                  2 | On Loan: No      |
| BMWOT 2025-A A 4.43% 07/27/26               | BMW VEHICLE OWNER TRUST 2025-A SER 2025-A CL A2A REGD 4.43000000                                  | CUSIP: 096924AB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4393828 | PA      | $4397701.84   | 0.79%             | 2027-10-25      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BYEG6 01.000 SP A3 - E7 12/20/2029 GOLDNY LONG                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-484757.44   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TAOT 2022-A A4 1.54% 12/15/25               | TOYOTA AUTO RECEIVABLES 2022-A OWNER TRUST SER 2022-A CL A4 REGD 1.54000000                       | CUSIP: 89239KAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4094510 | PA      | $4057111.11   | 0.73%             | 2027-05-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| INSPIRATO INC WT EX 12/15/27                | INSPIRATO INC WARRANT EXP  12/15/2027 0.00000000                                                  | CUSIP: 45791E115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    131807 | NS      | $1608.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE FOUNDRY BANCORP                        | BLUE FOUNDRY BANCORP 0.00000000                                                                   | CUSIP: 09549B104<br>LEI: 5493008KPK5NJT0FNK56 | Long             | EC               | CORP              | US        |    597100 | NS      | $5547059.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGAYA TECHNOL WT EX 06/22/27               | PAGAYA TECHNOLOGIES LTD WARRANTS EXPIRE 06/22/2027 0.00000000                                     | CUSIP: M7S64L107<br>LEI: N/A                  | N/A              | DE               | CORP              | IL        |    358816 | NS      | $176142.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| T/L RECESS HOLD 0% 02/20/30/                | T/L RECESS HOLDINGS INC REGD 0.00000000                                                           | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3965951 | PA      | $3983321.46   | 0.72%             | 2030-02-20      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| HILLMAN SOLUTIONS CORP                      | HILLMAN SOLUTIONS CORP 0.00000000                                                                 | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    658377 | NS      | $6504764.76   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGER AEROSPACE WRT 01/25/28              | BRIDGER AEROSPACE GROUP HOLDINGS INC WARRANT EXPIRES 01/25/28 0.00000000                          | CUSIP: 96812F110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    468723 | NS      | $35622.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | CFD GSCBDNYB                                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-267108.78   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| STACR 2020-HQA3  V/R 07/25/50               | FREDDIE MAC STACR REMIC TRUST 2020-HQA3 SER 2020-HQA3 CL B2 V/R REGD 144A P/P 14.46287000         | CUSIP: 35565MBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1280000 | PA      | $1678381.70   | 0.30%             | 2050-07-25      | Variable      | 14.46%                | Yes           |                  2 | On Loan: No      |
| EART 2023-5A B 6.58% 02/15/26               | EXETER AUTOMOBILE RECEIVABLES TRUST 2023-5 SER 2023-5A CL B REGD 6.58000000                       | CUSIP: 30168DAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1538746 | PA      | $1545830.52   | 0.28%             | 2028-04-17      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP 8.5% 03/01/28                   | DANAOS CORP REGD 144A P/P 8.50000000                                                              | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | GR        |   8665000 | PA      | $8796127.45   | 1.58%             | 2028-03-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HCM III ACQUISITION CORP                    | HCM III ACQUISITION CORP 0.00000000                                                               | CUSIP: G4365E129<br>LEI: 529900X6CMNA2LN6C461 | Long             | EC               | CORP              | US        |     33162 | NS      | $335931.06    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STACR 2019-HQA1  V/R 02/25/49               | FREDDIE MAC STACR TRUST 2019-HQA1 SER 2019-HQA1 CL B2 V/R REGD 144A P/P 16.71287000               | CUSIP: 35563MBE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4030000 | PA      | $4928803.65   | 0.89%             | 2049-02-25      | Variable      | 16.71%                | Yes           |                  2 | On Loan: No      |
| NCR ATLEOS LLC 9.5% 04/01/29                | NCR ATLEOS LLC REGD 144A P/P 9.50000000                                                           | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |   1153000 | PA      | $1250223.27   | 0.22%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BRZD5 05.000 SP A15-E25 12/20/2025 MSCSNY LONG                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $248699.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BLUE WTR ACQUISITION CORP III               | BLUE WTR ACQUISITION CORP III 0.00000000                                                          | CUSIP: G1368E106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138476 | NS      | $1377836.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| STACR 2020-DNA5  V/R 10/25/50               | FREDDIE MAC STACR REMIC TRUST 2020-DNA5 SER 2020-DNA5 CL B2 V/R REGD 144A P/P 15.84839000         | CUSIP: 35566ABE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3780000 | PA      | $5292715.18   | 0.95%             | 2050-10-25      | Variable      | 15.85%                | Yes           |                  2 | On Loan: No      |
| HART 2023-B A3 5.48% 04/17/28               | HYUNDAI AUTO RECEIVABLES TRUST 2023-B SER 2023-B CL A3 REGD 5.48000000                            | CUSIP: 44933XAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3383089 | PA      | $3407881.54   | 0.61%             | 2028-04-17      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| STACR 2019-FTR1  V/R 01/25/48               | FREDDIE MAC STACR TRUST 2019-FTR1 SER 2019-FTR1 CL B2 V/R REGD 144A P/P 12.81287000               | CUSIP: 35564PAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5800000 | PA      | $6922870.14   | 1.25%             | 2048-01-25      | Variable      | 12.81%                | Yes           |                  2 | On Loan: No      |
| FORDO 2023-B A 5.23% 12/15/26               | FORD CREDIT AUTO OWNER TRUST 2023-B SER 2023-B CL A3 REGD 5.23000000                              | CUSIP: 344930AD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1994707 | PA      | $2007970.67   | 0.36%             | 2028-05-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| ARCHIMEDES    WARRANT 11/12/31              | ARCHIMEDES TECH SPAC PARTNERS WARRANT EXPIRES 11/12/2031 0.00000000                               | CUSIP: G04537125<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    203244 | NS      | $63005.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BALTA 2006-8 3A1 V/R 02/25/34               | BEAR STEARNS ALT-A TRUST 2006-8 SER 2006-8 CL 3A1 V/R REGD 4.75703000                             | CUSIP: 07387QAX8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    348033 | PA      | $327711.99    | 0.06%             | 2034-02-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| AMIT 2005-4 M3 V/R 10/25/35                 | AAMES MORTGAGE INVESTMENT TRUST 2005-4 SER 2005-4 CL M3 V/R REGD 5.21703000                       | CUSIP: 00252FCV1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    706197 | PA      | $700058.86    | 0.13%             | 2035-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| STACR 2019-HRP1  V/R 02/25/49               | FREDDIE MAC STACR TRUST 2019-HRP1 SER 2019-HRP1 CL B1 V/R REGD 144A P/P 8.51287000                | CUSIP: 35564RCB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3100000 | PA      | $3363473.34   | 0.61%             | 2049-02-25      | Variable      | 8.51%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2023-B3 5.626% 04/15/28               | BENCHMARK 2023-B38 MORTGAGE TRUST SER 2023-B38 CL A2 REGD 5.62600000                              | CUSIP: 081916AB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2052910.60   | 0.37%             | 2056-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NEWHOLD INVES WT EX 04/17/30                | NEWHOLD INVESTMENT CORPORATION  III WARRANTS EXP 04/17/30 0.00000000                              | CUSIP: G6486E110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    132531 | NS      | $34458.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BBCMS 2023-C1 5.756% 03/15/28               | BBCMS MORTGAGE TRUST 2023-C19 SER 2023-C19 CL A2A REGD 5.75600000                                 | CUSIP: 05553RAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5400000 | PA      | $5527964.34   | 0.99%             | 2056-04-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                      | PENN ENTERTAINMENT INC 0.00000000                                                                 | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161554 | NS      | $3268237.42   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | CXT 2I65BYEG6 01.000 SP 12/20/2029 GOLDNY A3-E7 LONG                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-484757.44   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| WILLSCOT HOLDINGS CORP                      | WILLSCOT HOLDINGS CORP 0.00000000                                                                 | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    227395 | NS      | $5512054.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HAROT 2024-1 A 5.21% 05/17/27               | HONDA AUTO RECEIVABLES 2024-1 OWNER TRUST SER 2024-1 CL A3 REGD 5.21000000                        | CUSIP: 437918AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1040000 | PA      | $1049000.99   | 0.19%             | 2028-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| OAKTREE ACQUIS WT EX 10/25/31_              | OAKTREE ACQUISITION CORP III__  LIFE SCIENCES WARRANTS EXP 10/25/31 0.00000000                    | CUSIP: G6717R112<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |    100093 | NS      | $68033.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CGCMT 2015-GC35  V/R 11/10/25               | CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC35 SER 2015-GC35 CL AS V/R REGD 4.07200000             | CUSIP: 17324KAR9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5890000 | PA      | $5547112.47   | 1.00%             | 2048-11-10      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BRYO2 05.000 SP A15-E25 12/20/2025 MSCSNY LONG                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $245921.61    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GESHER ACQUI WT EX 12/26/31                 | GESHER ACQUISITION CORP II____  WARRANTS EXP 12/26/31 0.00000000                                  | CUSIP: G3852D115<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |    106525 | NS      | $32255.77     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDEN ENTERTAINMENT INC                    | GOLDEN ENTERTAINMENT INC 0.00000000                                                               | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |    144905 | NS      | $3603787.35   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CGCMT 2017-P8 AS V/R 09/15/27               | CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P8 SER 2017-P8 CL AS V/R REGD 3.78900000                 | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $4730849.50   | 0.85%             | 2050-09-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BABSN 2021-1A B V/R 04/25/34                | BARINGS CLO LTD 2021-I SER 2021-1A CL B V/R REGD 144A P/P 5.98007000                              | CUSIP: 06762EAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13505000 | PA      | $13523081.84  | 2.43%             | 2034-04-25      | Variable      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| CRINETICS PHARMACEUTICALS IN                | CRINETICS PHARMACEUTICALS IN 0.00000000                                                           | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |    207221 | NS      | $6421778.79   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| T/L CROWN SUBS 00.00% 01/30/31              | T/L CROWN SUBSEA               COMMUNICATIONS HOLDING INC 0.00000000                              | CUSIP: 22860EAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3977820 | PA      | $4006420.53   | 0.72%             | 2031-01-30      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BYEG6 01.000 SP A3 - E7  12/20/2029 GOLDNY LONG                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-484757.44   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CARMX 2025-1 A 4.63% 11/15/26               | CARMAX AUTO OWNER TRUST 2025-1 SER 2025-1 CL A2A REGD 4.63000000                                  | CUSIP: 14319WAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2869510 | PA      | $2874563.93   | 0.52%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN STRAT INC OPP-R6                   | JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND CL R6 0.00000000                                     | CUSIP: 48121L114<br>LEI: N/A                  | Long             | EC               | RF                | US        |   6974860 | NS      | $80001640.38  | 14.39%            |  |  |  | No            |                  1 | On Loan: No      |
| GENWORTH HOLDINGS V/R 11/15/36              | GENWORTH HOLDINGS INC REGD V/R 6.47549000                                                         | CUSIP: 37247DAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8018000 | PA      | $6901502.32   | 1.24%             | 2036-11-15      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| ANCHC 2021-18A A V/R 04/15/34               | ANCHORAGE CAPITAL CLO 18 LTD SER 2021-18A CL A1 V/R REGD 144A P/P 5.72916000                      | CUSIP: 03331AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5011088.50   | 0.90%             | 2034-04-15      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| GMCAR 2023-1 A 4.66% 08/16/26               | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-1 SER 2023-1 CL A3 REGD 4.66000000        | CUSIP: 38013JAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2690675 | PA      | $2696504.28   | 0.49%             | 2028-02-16      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| ABFC 2003-OPT1 A V/R 04/25/33               | ABFC 2003-OPT1 TRUST SER 2003-OPT1 CL A3 V/R REGD 5.11703000                                      | CUSIP: 04542BDG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3208430 | PA      | $3154561.32   | 0.57%             | 2033-04-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BYEG6 01.000 SP A3 - E7 12/20/2029 MSCSNY LONG                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-484757.44   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOLD EAGLE ACQUIS RTS 12/31/49              | BOLD EAGLE ACQUISITION  CORPORATION RIGHTS EXPIRE 12/31/49 0.00000000                             | CUSIP: G2003N121<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    667287 | NS      | $157880.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | CXT 2I65BRAA6 05.000 SP 12/20/2026 A15 - E25  GOLDNY LONG                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $1041753.73   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| STACR 2018-HRP1  V/R 04/25/43               | STACR TRUST 2018-HRP1 SER 2018-HRP1 CL B1 V/R REGD 144A P/P 8.21287000                            | CUSIP: 3137G0VA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3218947 | PA      | $3313789.55   | 0.60%             | 2043-04-25      | Variable      | 8.21%                 | Yes           |                  2 | On Loan: No      |
| ABSHE 2007-HE1 A V/R 12/25/36               | ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST SERIES SER 2007-HE1 CL A4 V/R REGD 4.71703000 | CUSIP: 04544RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    658305 | PA      | $647684.54    | 0.12%             | 2036-12-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| WELF 2019-1A A2R V/R 07/20/32               | WELLFLEET CLO 2019-1 LTD SER 2019-1A CL A2R V/R REGD 144A P/P 6.38710000                          | CUSIP: 94950NAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2861244.68   | 0.51%             | 2032-07-20      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| CAS 2016-C03 2M2 V/R 10/25/28               | FANNIE MAE CONNECTICUT AVENUE SECURITIES SER 2016-C03 CL 2M2 V/R REGD 10.36287000                 | CUSIP: 30711XCT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1110372 | PA      | $1132579.78   | 0.20%             | 2028-10-25      | Variable      | 10.36%                | No            |                  2 | On Loan: No      |
| STACR 2020-DNA6  V/R 12/25/50               | FREDDIE MAC STACR REMIC TRUST 2020-DNA6 SER 2020-DNA6 CL B2 V/R REGD 144A P/P 9.99839000          | CUSIP: 35566CBE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1705877.10   | 0.31%             | 2050-12-25      | Variable      | 10.00%                | Yes           |                  2 | On Loan: No      |
| SASC 2007-BC3 2A V/R 06/25/13               | STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUS SER 2007-BC3 CL 2A3 V/R REGD 4.61703000       | CUSIP: 86363WAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    464195 | PA      | $454796.36    | 0.08%             | 2047-05-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| CANTOR EQUITY PARTNERS III-A                | CANTOR EQUITY PARTNERS III-A 0.00000000                                                           | CUSIP: G1828A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63886 | NS      | $664414.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| STACR 2019-DNA4  V/R 10/25/49               | FREDDIE MAC STACR TRUST 2019-DNA4 SER 2019-DNA4 CL B2 V/R REGD 144A P/P 10.71287000               | CUSIP: 35565ABE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4588000 | PA      | $5129418.87   | 0.92%             | 2049-10-25      | Variable      | 10.71%                | Yes           |                  2 | On Loan: No      |
| STACR 2017-HQA3  V/R 04/25/30               | FREDDIE MAC STACR DEBT NOTES 2017-HQA3 SER 2017-HQA3 CL B1 V/R REGD 8.91287000                    | CUSIP: 3137G0SE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4290000 | PA      | $4600217.19   | 0.83%             | 2030-04-25      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BRZP8 05.000 SP 12/20/2028 A25 - E35  MSCSNY LONG                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $4266281.37   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL INC                       | JEFFERSON CAPITAL INC 0.00000000                                                                  | CUSIP: 47248R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    255546 | NS      | $4806820.26   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MLMI 2006-OPT1 A V/R 08/25/37               | MERRILL LYNCH MORTGAGE INVESTORS TRUST SE SER 2006-OPT1 CL A2C V/R REGD 4.73703000                | CUSIP: 59022VAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1021439 | PA      | $975857.67    | 0.18%             | 2037-08-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| STCR 2016-1A ER V/R 06/15/31                | STEELE CREEK CLO 2016-1 LTD SER 2016-1A CL ER V/R REGD 144A P/P 10.33008000                       | CUSIP: 85816TAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    380000 | PA      | $325578.76    | 0.06%             | 2031-06-15      | Variable      | 10.33%                | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERT 4.75% 10/01/26              | SERVICE PROPERTIES TRUST REGD 4.75000000                                                          | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Short            | DBT              | CORP              | US        |  -1086000 | PA      | $-1075979.91  | -0.19%            | 2026-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ACCR 2006-2 M1 V/R 09/25/36                 | ACCREDITED MORTGAGE LOAN TRUST 2006-2 SER 2006-2 CL M1 V/R REGD 4.70703000                        | CUSIP: 00437NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2430000 | PA      | $2318067.64   | 0.42%             | 2036-09-25      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| WFCM 2017-RB1 3.635% 03/15/27               | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-RB1 SER 2017-RB1 CL A5 REGD 3.63500000                 | CUSIP: 95000TBS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8098000 | PA      | $7857183.30   | 1.41%             | 2050-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CARR 2006-NC3 A3 V/R 08/25/36               | CARRINGTON MORTGAGE LOAN TRUST SERIES 2006-NC3 SER 2006-NC3 CL A3 V/R REGD 4.73703000             | CUSIP: 144528AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1448456 | PA      | $1398379.65   | 0.25%             | 2036-08-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| STACR 2019-DNA3  V/R 07/25/49               | FREDDIE MAC STACR TRUST 2019-DNA3 SER 2019-DNA3 CL B2 V/R REGD 144A P/P 12.61287000               | CUSIP: 35564TBE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4870000 | PA      | $5526079.58   | 0.99%             | 2049-07-25      | Variable      | 12.61%                | Yes           |                  2 | On Loan: No      |
| STACR 2020-HQA4  V/R 09/25/50               | FREDDIE MAC STACR REMIC TRUST 2020-HQA4 SER 2020-HQA4 CL B2 V/R REGD 144A P/P 13.86287000         | CUSIP: 35565RBE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1260000 | PA      | $1624254.03   | 0.29%             | 2050-09-25      | Variable      | 13.86%                | Yes           |                  2 | On Loan: No      |
| SASC 2005-WF4 M8 V/R 11/25/35               | STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUS SER 2005-WF4 CL M8 V/R REGD 7.06203000        | CUSIP: 863576DN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2600000 | PA      | $2553230.42   | 0.46%             | 2035-11-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| GMCAR 2025-1 A 4.44% 08/16/26               | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2025-1 SER 2025-1 CL A2A REGD 4.44000000       | CUSIP: 362955AB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2298984 | PA      | $2300768.87   | 0.41%             | 2028-01-18      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                         | CXT 2I65BRAB1 05.000 SP 12/20/2028 A25-E35 GOLDNY LONG                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $2133140.68   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| RAMP 2004-RS8 MI V/R 08/25/34               | RAMP SERIES 2004-RS8 TRUST SER 2004-RS8 CL MII2 V/R REGD 6.16203000                               | CUSIP: 76112BAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1768946 | PA      | $1780509.79   | 0.32%             | 2034-08-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Federated Investors, Inc.                   | Federated Government Obligations Fund                                                             | CUSIP: 608919718<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | STIV             | RF                | US        |   3408307 | OU      | $3408306.88   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| LUCKY STRIKE ENTERTAINMENT C                | LUCKY STRIKE ENTERTAINMENT C 0.00000000                                                           | CUSIP: 10258P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320268 | NS      | $3426867.60   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| CAS 2016-C06 1B V/R 04/25/29                | FANNIE MAE CONNECTICUT AVENUE SECURITIES SER 2016-C06 CL 1B V/R REGD 13.71287000                  | CUSIP: 30711XDY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4620826 | PA      | $4969701.25   | 0.89%             | 2029-04-25      | Variable      | 13.71%                | No            |                  2 | On Loan: No      |
| MBART 2024-1 A3 4.8% 12/15/27               | MERCEDES-BENZ AUTO RECEIVABLES TRUST 2024-1 SER 2024-1 CL A3 REGD 4.80000000                      | CUSIP: 587918AD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2200000 | PA      | $2212953.60   | 0.40%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| STACR 2019-DNA2  V/R 03/25/49               | FREDDIE MAC STACR TRUST 2019-DNA2 SER 2019-DNA2 CL B2 V/R REGD 144A P/P 14.96287000               | CUSIP: 35564LBE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5873363.00   | 1.06%             | 2049-03-25      | Variable      | 14.96%                | Yes           |                  2 | On Loan: No      |
| N/A                                         | TRR SPDR S&P REGIONAL BANKING ETF_                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-207465.05   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| K&F GROWTH ACQUISITION COR-A                | K&F GROWTH ACQUISITION COR-A 0.00000000                                                           | CUSIP: G52258111<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    511975 | NS      | $5201666.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CAS 2019-HRP1 B1 V/R 11/25/39               | CONNECTICUT AVENUE SECURITIES TRUST 2019-HRP1 SER 2019-HRP1 CL B1 V/R REGD 144A P/P 13.71287000   | CUSIP: 20754PAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8200000 | PA      | $8801829.16   | 1.58%             | 2039-11-25      | Variable      | 13.71%                | Yes           |                  2 | On Loan: No      |
| DBALT 2007-OA5 A V/R 12/25/15               | DEUTSCHE ALT-A SECURITIES MORTGAGE LOAN TRUST SERI SER 2007-OA5 CL A1A V/R REGD 4.83703000        | CUSIP: 25150XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2988524 | PA      | $2808924.71   | 0.51%             | 2047-08-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| BETA BIONICS INC                            | BETA BIONICS INC 0.00000000                                                                       | CUSIP: 08659B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17331 | NS      | $326516.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP V/R /PERP/                      | VISTRA CORP REGD V/R /PERP/ 144A P/P 7.00000000                                                   | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |  11154000 | PA      | $11288316.47  | 2.03%             | 2174-06-15      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BERTO ACQUISITION WRT 04/05/30              | BERTO ACQUISITION CORP________  WARRANT 04/05/30 0.00000000                                       | CUSIP: G1051H119<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |    133619 | NS      | $76162.83     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MABS 2004-WMC1 M V/R 02/25/34               | MASTR ASSET BACKED SECURITIES TRUST 2004-WMC1 SER 2004-WMC1 CL M1 V/R REGD 5.21703000             | CUSIP: 57643LCW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1281276 | PA      | $1412492.77   | 0.25%             | 2034-02-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| JPMBB 2015-C3 3.984% 09/15/25               | JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C32 SER 2015-C32 CL AS REGD 3.98440000            | CUSIP: 46590JBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9209944 | PA      | $8964906.99   | 1.61%             | 2048-11-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| WOART 2025-A A 4.49% 11/15/26               | WORLD OMNI AUTO RECEIVABLES TRUST 2025-A SER 2025-A CL A2A REGD 4.49000000                        | CUSIP: 98164YAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2136488 | PA      | $2138589.29   | 0.38%             | 2028-04-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| ARMADA ACQUISITIO WRT 05/20/30              | ARMADA ACQUISITION CORP II____  WARRANTS EXP 05/20/30_ 0.00000000                                 | CUSIP: G0R38G112<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |     45762 | NS      | $27457.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XENON PHARMACEUTICALS INC                   | XENON PHARMACEUTICALS INC 0.00000000                                                              | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    249562 | NS      | $9660545.02   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA ACQUISITION -CLASS A                 | ARMADA ACQUISITION -CLASS A 0.00000000                                                            | CUSIP: G0R38G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91525 | NS      | $941792.25    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO LOGISTICS INC                           | GXO LOGISTICS INC 0.00000000                                                                      | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     72946 | NS      | $3840606.90   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRIDIAN THERAPEUTICS INC                   | VIRIDIAN THERAPEUTICS INC 0.00000000                                                              | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |    228407 | NS      | $4198120.66   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| STRUCTURED ASSET INV 2004-2 A4 20340325 FLT | STRUCTURED ASSET INV 2004-2 A4 20340325 FLT 5.14203000                                            | CUSIP: 86358EGW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2321320 | PA      | $2424222.61   | 0.44%             | 2034-03-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| NHEL 2006-1 A2C V/R 05/25/36                | NOVASTAR MORTGAGE FUNDING TRUST SERIES 2006-1 SER 2006-1 CL A2C V/R REGD 4.75703000               | CUSIP: 669884AD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     69919 | PA      | $69753.25     | 0.01%             | 2036-05-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| CAS 2016-C04 1B V/R 01/25/29                | FANNIE MAE CONNECTICUT AVENUE SECURITIES SER 2016-C04 CL 1B V/R REGD 14.71287000                  | CUSIP: 30711XDB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250890 | PA      | $1338165.49   | 0.24%             | 2029-01-25      | Variable      | 14.71%                | No            |                  2 | On Loan: No      |
| SEPTERNA INC                                | SEPTERNA INC 0.00000000                                                                           | CUSIP: 81734D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    204085 | NS      | $2469428.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION MEDICI WRT 11/14/28              | REVOLUTION MEDICINES INC WARRANT EXPIRES 11/14/28 0.00000000                                      | CUSIP: 76155X118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     88320 | NS      | $15014.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| K&F GROWTH ACQUIS RTS 11/06/26              | K&F GROWTH ACQUISITION CORP   II RIGHTS EXPIRES 11/06/26 0.00000000                               | CUSIP: G52258129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    611174 | NS      | $67290.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWHOLD INVESTMENT CORP II-A                | NEWHOLD INVESTMENT CORP II-A 0.00000000                                                           | CUSIP: G6486E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265063 | NS      | $2693040.08   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTR 2014-18A E V/R 10/15/29               | VENTURE XVIII CLO LTD SER 2014-18A CL ER V/R REGD P/P 11.16916000                                 | CUSIP: 92329HAH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1039760 | PA      | $653649.58    | 0.12%             | 2029-10-15      | Variable      | 11.17%                | No            |                  2 | On Loan: No      |
| STACR 2016-DNA1  V/R 07/25/28               | FREDDIE MAC STACR DEBT NOTES 2016-DNA1 SER 2016-DNA1 CL B V/R REGD 14.46287000                    | CUSIP: 3137G0HZ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1903775 | PA      | $1965559.55   | 0.35%             | 2028-07-25      | Variable      | 14.46%                | No            |                  2 | On Loan: No      |
| SASC 2006-BC6 A4 V/R 01/25/37               | STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUS SER 2006-BC6 CL A4 V/R REGD 4.77703000        | CUSIP: 86362VAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     35758 | PA      | $35693.75     | 0.01%             | 2037-01-25      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| FNBA 2004-AR1 M2 V/R 08/19/34               | FNBA MORTGAGE LOAN TRUST 2004-AR1 SER 2004-AR1 CL M2 V/R REGD 6.11773000                          | CUSIP: 30251YAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1957636 | PA      | $2143976.25   | 0.39%             | 2034-08-19      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| CALIDI BIOTHERAPE WRT 09/10/26              | CALIDI BIOTHERAPEUTICS INC____  WARRANT EXPIRES 09/10/26 0.00000000                               | CUSIP: 320703119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    556875 | NS      | $2840.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP                      | BERTO ACQUISITION CORP 0.00000000                                                                 | CUSIP: G1051H101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    267238 | NS      | $2760568.54   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HAYMAKER ACQUISIT WRT 09/12/28              | HAYMAKER ACQUISITION CORP 4___  WARRANT EXPIRES 09/12/28 0.00000000                               | CUSIP: G4375F116<br>LEI: N/A                  | N/A              | DE               | CORP              | KY        |    146171 | NS      | $38004.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE ACQUISITION CORP I-A                | OAKTREE ACQUISITION CORP I-A 0.00000000                                                           | CUSIP: G6717R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    479838 | NS      | $5009508.72   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLANOVA                                   | KELLANOVA 0.00000000                                                                              | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     39726 | NS      | $3158217.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Brinker Capital Destinations Trust

**Signature:** Brian Ferko

**Name of Signer:** Brian Ferko

**Title:** Chief Operating Officer and Chief Compliance Officer