# EDGAR Filing Document

**Accession Number:** 0000828803
**File Stem:** 0001049169-26-000839
**Filing Date:** 2026-3
**Character Count:** 443041
**Document Hash:** bfcce72a5981dc7396776e9b660b4f79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000839.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001049169-26-000839

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Saba Capital Income & Opportunities Fund II
- **CENTRAL INDEX KEY:** 0000828803

**ORGANIZATION NAME:**
- **EIN:** 222864496
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05459
- **FILM NUMBER:** 26796567

**BUSINESS ADDRESS:**
- **STREET 1:** 300 S.E. 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923
- **BUSINESS PHONE:** 9545277500

**MAIL ADDRESS:**
- **STREET 1:** 300 S.E. 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON GLOBAL INCOME FUND
- **DATE OF NAME CHANGE:** 20041029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON GLOBAL INCOME FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **CORPORATE BONDS - 8.54%** |  |  |
| **Communications - 1.97%** |  |  |
| Altice France Holding S.A., 6.875%, 07/15/2032<sup>(b)</sup> | $560975 | $548075 |
| Clear Channel Outdoor Holdings Inc., 7.500%, 06/01/2029<sup>(b)</sup> | 1138000 | 1127819 |
| CSC Holdings LLC, 3.375%, 02/15/2031<sup>(b)</sup> | 270000 | 161160 |
| DISH Network Corp., 11.750%, 11/15/2027<sup>(b)</sup> | 1750000 | 1811348 |
| Level 3 Financing Inc., 3.875%, 10/15/2030<sup>(b)</sup> | 1291800 | 1189452 |
| Level 3 Financing Inc., 8.500%, 01/15/2036<sup>(b)</sup> | 295000 | 302489 |
|  |  | **5140343** |
| **Consumer Discretionary - 3.70%** |  |  |
| 1261229 B.C. Ltd., 10.000%, 04/15/2032<sup>(b)</sup> | 1557000 | 1599606 |
| Bath and Body Works Inc., 7.600%, 07/15/2037<sup>(b)</sup> | 1137000 | 1133890 |
| Caesars Entertainment Inc., 6.500%, 02/15/2032<sup>(b)</sup> | 553000 | 566196 |
| Community Health Systems, Inc., 6.875%, 04/15/2029<sup>(b)</sup> | 168000 | 154687 |
| Community Health Systems, Inc., 9.750%, 01/15/2034<sup>(b)</sup> | 1692000 | 1765361 |
| RR Donnelley & Sons Co., 10.870%, 08/01/2029<sup>(b)</sup> | 2254000 | 2317839 |
| Six Flags Entertainment Corporation, 7.250%, 05/15/2031<sup>(b)</sup> | 793000 | 783427 |
| Staples Inc., 10.750%, 09/01/2029<sup>(b)</sup> | 1369000 | 1346362 |
|  |  | **9667368** |
| **Energy - 0.15%** |  |  |
| Moss Creek Resources HLD, 8.250%, 09/01/2031<sup>(b)</sup> | 392000 | 381390 |
|  |  | **381390** |
| **Financials - 1.39%** |  |  |
| Compass Group Diversified Holdings LLC, 5.250%, 04/15/2029<sup>(b)</sup> | 1290831 | 1204583 |
| Morgan Stanley Finance LLC, 9.000%, 08/31/2036 | 7000 | 6186 |
| Morgan Stanley Finance LLC, 10.034%, 10/31/2036 | 2000 | 1444 |
| Morgan Stanley Finance LLC, 10.000%, 12/30/2036 | 7000 | 6186 |
| Morgan Stanley Finance LLC, 10.000%, 02/08/2037 | 36000 | 29648 |
| Morgan Stanley Finance LLC, 8.028%, 06/30/2037 | 15000 | 12921 |
| Morgan Stanley Finance LLC, 13.539%, 07/31/2037 | 51000 | 41007 |
| Morgan Stanley Finance LLC, 8.000%, 09/29/2037 | 198000 | 164077 |
| Morgan Stanley, 7.742% (Variable Rate), 01/29/2031<sup>(i)</sup> | 55000 | 49822 |
| Morgan Stanley, 0.000% (Variable Rate), 09/30/2034<sup>(i)</sup> | 15000 | 10873 |
| Morgan Stanley, 0.000% (Variable Rate), 11/28/2034<sup>(i)</sup> | 19000 | 14612 |
| Morgan Stanley, 0.000% (Variable Rate), 01/30/2035<sup>(i)</sup> | 20000 | 15953 |
| Morgan Stanley, 0.000% (Variable Rate), 02/29/2036<sup>(i)</sup> | 4000 | 3171 |
| Morgan Stanley, 0.000% (Variable Rate), 06/30/2036<sup>(i)</sup> | 5000 | 4092 |
| Morgan Stanley, 10.000% (Variable Rate), 07/29/2036<sup>(i)</sup> | 22000 | 18119 |
| Morgan Stanley, 0.000% (Variable Rate), 08/31/2036<sup>(i)</sup> | 9000 | 7973 |
| Morgan Stanley, 0.000% (Variable Rate), 11/29/2036<sup>(i)</sup> | 3000 | 2696 |
| Morgan Stanley, 0.000% (Variable Rate), 01/31/2037<sup>(i)</sup> | 56000 | 49025 |
| Morgan Stanley, 0.000% (Variable Rate), 05/31/2037<sup>(i)</sup> | 49000 | 42883 |
| Procap Financial Inc., 0.000%,12/05/2028<sup>(b)(e)(f)</sup> | 1800000 | 1746000 |
| UBS AG London, 5.188%, 08/28/2030 | 54000 | 47508 |
| UBS AG London, 5.969%, 09/30/2030 | 4000 | 3270 |
| UBS Group AG, 0.000% (Variable Rate), 07/31/2030<sup>(i)</sup> | 8000 | 6854 |
| UBS Group AG, 0.000% (Variable Rate), 10/30/2030<sup>(i)</sup> | 22000 | 19174 |
| UBS Group AG, 7.742% (Variable Rate), 01/29/2031<sup>(I)</sup> | 82000 | 69485 |
| UBS Group AG, 9.291% (Variable Rate), 04/29/2031<sup>(I)</sup> | 54000 | 48022 |
|  |  | **3625584** |

---

Quarterly Report \| January 31, 2026 1

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **Health Care - 0.13%** |  |  |
| CHS/Community Health Systems Inc., 6.125%, 04/01/2030<sup>(b)</sup> | $400000 | $330370 |
|  |  | **330370** |
| **Industrials - 0.48%** |  |  |
| LABL, Inc., 8.625%, 10/01/2031<sup>(b)</sup> | 2735000 | 1258955 |
|  |  | **1258955** |
| **Real Estate - 0.72%** |  |  |
| China Evergrande Group, 8.250%, 03/23/2022<sup>(a)(e)(f)</sup> | 16395000 | 228794 |
| China Evergrande Group, 9.500%, 04/11/2022<sup>(a)(e)(f)</sup> | 6148000 | 87720 |
| China Evergrande Group, 11.500%, 01/22/2023<sup>(a)(e)(f)</sup> | 4600000 | 64471 |
| China Evergrande Group, 10.000%, 04/11/2023<sup>(a)(e)(f)</sup> | 7568000 | 106415 |
| China Evergrande Group, 7.500%, 06/28/2023<sup>(a)(e)(f)</sup> | 11802000 | 166209 |
| China Evergrande Group, 12.000%, 01/22/2024<sup>(a)(e)(f)</sup> | 19888000 | 282531 |
| China Evergrande Group, 9.500%, 03/29/2024<sup>(a)(e)(f)</sup> | 4420000 | 63264 |
| China Evergrande Group, 10.500%, 04/11/2024<sup>(a)(e)(f)</sup> | 4572000 | 65028 |
| China Evergrande Group, 8.750%, 06/28/2025<sup>(a)(e)(f)</sup> | 57621000 | 814802 |
|  |  | **1879234** |
| **TOTAL CORPORATE BONDS** |  | **22283244** |
| (Cost $22,225,615) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **SENIOR LOANS - 9.81%** |  |  |
| **Communications - 0.34%** |  |  |
| Gogo Intermediate Holdings LLC, Initial Term Loan, TSFR1M + 3.750%, 04/30/2028 | 986365 | 879591 |
|  |  | **879591** |
| **Consumer Discretionary - 2.93%** |  |  |
| AMC Entertainment, Term Loan, TSFR1M + 9.000%, 01/04/2029 | 1752716 | 1744715 |
| J Crew Group LLC, Initial Term Loan, TSFR3M + 6.000%, 09/26/2031 | 5064591 | 4050610 |
| Vortex Opco LLC, Term Loan, TSFR3M + 6.250%, 04/30/2030 | 1734000 | 1860582 |
|  |  | **7655907** |
| **Consumer, Non-cyclical - 2.29%** |  |  |
| Revlon Intermediate Holdings IV LLC, Term Loan, TSFR6M + 6.875%, 05/02/2028 | 6049890 | 5983099 |
|  |  | **5983099** |
| **Health Care - 3.40%** |  |  |
| 1261229 B.C. Ltd., Term Loan, SOFR1M + 6.250%, 10/08/2030 | 880243 | 860437 |
| Canopy Growth Corporation, Term Loan, SOFR1M + 6.25%, 01/31/2031 | 8402168 | 7774265 |
| ModivCare Inc., Exit Term Loan, SOFR3M + 5.000%, 12/30/2030 | 248774 | 238823 |
|  |  | **8873525** |
| **Industrials - 0.27%** |  |  |
| Multi-Color Corp., Term Loan, TSFR1M + 5.000%, 10/29/2028 | 1523265 | 704075 |
|  |  | **704075** |
| **Information Technology - 0.58%** |  |  |
| X Corp., Term Loan, 9.500%, 10/29/2029 | 1462600 | 1516350 |
|  |  | **1516350** |
| **TOTAL SENIOR LOANS** |  | **25612547** |
| (Cost $27,257,337) |  |  |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **CONVERTIBLE CORPORATE BONDS - 1.76%** |  |  |
| **Communications - 0.41%** |  |  |
| Trump Media & Technology Group Corp., 0.000%, 05/29/2028<sup>(b)(f)</sup> | $1122000 | $1078094 |
|  |  | **1078094** |
| **Financials - 1.35%** |  |  |
| BSTR Holdings Inc., 1.000%, 07/15/2030<sup>(c)</sup> | 1182 | 1096541 |
| MI7 Founders, LLC, 1.000%, 07/01/2030<sup>(c)</sup> | 2364575 | 2427236 |
|  |  | **3523777** |
| **TOTAL CONVERTIBLE CORPORATE BONDS** |  | **4601871** |
| (Cost $4,508,851) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **MORTGAGE-BACKED SECURITIES - 1.36%** |  |  |
| **Federal National Mortgage Association (FNMA) - 1.36%** |  |  |
| FNMA, Series 23-52, Class IO, 3.000%, 05/25/2051 | 5942908 | 1154887 |
| FNMA, Series 5441, Class SA, 0.767%, 08/25/2054 | 15342031 | 429331 |
| FNMA, Series 5468, Class SB, 0.617%, 11/25/2054 | 6879489 | 201699 |
| FNMA, Series 5518, Class SC, 0.997%, 03/25/2055 | 6441782 | 212583 |
| FNMA, Series 25-44, Class SA, 0.817%, 06/25/2055 | 14721804 | 524220 |
| FNMA, Series 5557, Class SC, 0.867%, 07/25/2055 | 10912790 | 424669 |
| FNMA, Series 5575, Class SB, 0.967%, 09/25/2055 | 12836341 | 610820 |
| **TOTAL MORTGAGE-BACKED SECURITIES** |  | **3558209** |
| (Cost $4,281,653) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCK - 11.89%** |  |  |
| **Communications - 2.43%** |  |  |
| Altice France LUXCO 3<sup>(f)</sup> | 3331 | 47900 |
| Altice USA, Inc.<sup>(f)</sup> | 140736 | 215326 |
| Bumble, Inc.<sup>(f)</sup> | 553609 | 1854590 |
| Meta Platforms, Inc. | 450 | 322425 |
| Netflix, Inc. | 1178 | 98351 |
| Snap Inc.<sup>(f)</sup> | 182547 | 1265051 |
| Telephone and Data Systems Inc. | 8367 | 377603 |
| Trump Media & Technology Group<sup>(f)</sup> | 37912 | 484515 |
| Uber Technologies Inc.<sup>(f)</sup> | 5025 | 402251 |
| Weibo Corp. | 119257 | 1261739 |
|  |  | **6329751** |
| **Consumer Discretionary - 1.33%** |  |  |
| Arbe Robotics, Ltd.<sup>(f)</sup> | 55882 | 68735 |
| Avax One Technology Ltd.<sup>(f)</sup> | 227719 | 184635 |
| Capri Holdings Ltd.<sup>(f)</sup> | 11752 | 265243 |

---

Quarterly Report \| January 31, 2026 3

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| Chipotle Mexican Grill, Inc.<sup>(f)</sup> | 10948 | $425549 |
| Dave & Buster's Entertainment<sup>(f)</sup> | 29305 | 550055 |
| Empery Digital Inc.<sup>(f)</sup> | 41830 | 205385 |
| Evolution AB<sup>(b)</sup> | 16104 | 1046059 |
| Polestar Automotive Holding UK<sup>(f)</sup> | 10417 | 157609 |
| Six Flags Entertainment Corp.<sup>(f)</sup> | 11054 | 199083 |
| Vera Bradley Inc.<sup>(f)</sup> | 25028 | 60067 |
| Winnebago Industries, Inc. | 6504 | 298599 |
|  |  | **3461019** |
| **Financials - 4.56%** |  |  |
| Allfunds Group Plc | 176372 | 1708046 |
| Cannae Holdings, Inc. | 86591 | 1247776 |
| Compass Diversified Holdings | 44436 | 291945 |
| Etoro Group Ltd.<sup>(f)</sup> | 17923 | 526936 |
| EXOR NV<sup>(f)</sup> | 78969 | 6468189 |
| PagSeguro Digital Ltd. | 140185 | 1577081 |
| Procap Financial Inc.<sup>(f)</sup> | 22967 | 57647 |
| Procap Financial. Inc. Founder Shares<sup>(c)(f)</sup> | 19641 | 21016 |
| VEF AB<sup>(f)</sup> | 53287 | 12503 |
|  |  | **11911139** |
| **Health Care - 0.66%** |  |  |
| AirSculpt Technologies Inc.<sup>(f)</sup> | 32469 | 96433 |
| Community Health Systems Inc.<sup>(f)</sup> | 61571 | 197643 |
| Ethzilla Corp.<sup>(f)</sup> | 48145 | 206542 |
| Hyperliquid Strategies Inc.<sup>(f)</sup> | 67855 | 308060 |
| Kindly MD Inc.<sup>(f)</sup> | 497183 | 176052 |
| ModivCare Inc. | 42927 | 364880 |
| Sharps Technology Inc.<sup>(f)</sup> | 180245 | 373107 |
|  |  | **1722717** |
| **Industrials - 1.29%** |  |  |
| Babcock & Wilcox Enterprises Inc.<sup>(f)</sup> | 46819 | 451335 |
| CEA Industries Inc.<sup>(f)</sup> | 118921 | 593416 |
| The GEO Group, Inc.<sup>(f)</sup> | 19339 | 309037 |
| Vertical Aerospace Ltd.<sup>(f)</sup> | 379461 | 1787261 |
| Voyager Technologies Inc.<sup>(f)</sup> | 7299 | 222838 |
|  |  | **3363887** |
| **Information Technology - 0.30%** |  |  |
| GDS Holdings Ltd.<sup>(f)</sup> | 11693 | 522560 |
| JFrog Ltd.<sup>(f)</sup> | 1793 | 98256 |
| Oracle Corp. | 580 | 95456 |
| Sabre Corp<sup>(f)</sup> | 59539 | 77401 |
|  |  | **793673** |
| **Materials - 0.07%** |  |  |
| ASP Isotopes Inc.<sup>(f)</sup> | 25946 | 164498 |
| Critical Metals Corp.<sup>(f)</sup> | 1933 | 25458 |
|  |  | **189956** |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **Real Estate - 0.54%** |  |  |
| CBRE Group Inc.<sup>(f)</sup> | 1596 | $271847 |
| Compass Inc.<sup>(f)</sup> | 8885 | 111234 |
| Star Holdings<sup>(f)</sup> | 130599 | 1021284 |
|  |  | **1404365** |
| **Technology - 0.71%** |  |  |
| CommScope Holding Company, Inc.<sup>(f)</sup> | 23708 | 426745 |
| Descartes Systems Group, Inc.<sup>(f)</sup> | 1163 | 86855 |
| IREN Ltd.<sup>(f)</sup> | 5507 | 295947 |
| TON Strategy Co<sup>(f)</sup> | 81105 | 211685 |
| Vertex, Inc.<sup>(f)</sup> | 39234 | 727792 |
| xTAO Inc.<sup>(f)</sup> | 211098 | 105550 |
|  |  | **1854574** |
| **TOTAL COMMON STOCK** |  | **31031081** |
| (Cost $34,318,452) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **CLOSED END FUNDS - 4.88%** |  |  |
| **Alternative - 0.42%** |  |  |
| Destra Multi-Alternative Fund | 2947 | 26405 |
| Regal Partners Global Investment Ltd.<sup>(f)</sup> | 626215 | 1072719 |
|  |  | **1099124** |
| **Equity - 3.50%** |  |  |
| abrdn Life Sciences Investors | 67780 | 1149549 |
| Adams Natural Resources Fund, Inc. | 24652 | 603727 |
| BlackRock Enhanced Global Dividend Trust | 910 | 10829 |
| BlackRock Science & Technology Trust II | 51039 | 1142253 |
| Bluerock Private Real Estate Fund<sup>(f)</sup> | 57996 | 961574 |
| Direxion Daily Robotics Artificial Intelligence & Automation Index Bull 2X Shares | 13958 | 375419 |
| Diversified United Investment Ltd. | 159966 | 617113 |
| Future Generation Global Ltd. | 11921 | 12701 |
| Gabelli Dividend & Income Trust | 50832 | 1443629 |
| Gabelli Healthcare & WellnessRx Trust | 23912 | 229914 |
| HBM Healthcare Investments AG<sup>(f)</sup> | 141 | 43775 |
| Hearts and Minds Investments, Ltd. | 733506 | 1603839 |
| John Hancock Hedged Equity & Income Fund | 137 | 1518 |
| Pengana International Equities, Ltd. | 1064780 | 949068 |
|  |  | **9144908** |
| **Fixed Income - 0.11%** |  |  |
| BNY Mellon Municipal Bond Infrastructure Fund, Inc. | 343 | 3818 |
| BNY Mellon Strategic Municipals, Inc. | 21897 | 141893 |
| Ellsworth Growth and Income Fund, Ltd. | 5295 | 65870 |
| MFS High Income Municipal Trust | 12825 | 48478 |
| PIMCO California Municipal Income Fund | 2248 | 20206 |
|  |  | **280265** |

---

Quarterly Report \| January 31, 2026 5

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **Mixed Allocation - 0.07%** |  |  |
| Virtus Dividend, Interest & Premium Strategy Fund | 14430 | $194516 |
|  |  | **194516** |
| **Private Equity - 0.78%** |  |  |
| Syncona Ltd.<sup>(f)</sup> | 1507674 | 2027946 |
|  |  | **2027946** |
| **TOTAL CLOSED END FUNDS** |  | **12746759** |
| (Cost $10,310,043) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **INVESTMENT TRUST - 0.49%** |  |  |
| **Equity - 0.49%** |  |  |
| Herald Investment Trust PLC<sup>(f)</sup> | 36669 | 1271958 |
|  |  | **1271958** |
| **TOTAL INVESTMENT TRUST** |  | **1271958** |
| (Cost $1,136,654) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **PREFERRED STOCK - 0.72%** |  |  |
| **Health Care - 0.16%** |  |  |
| Integrity Labs, Inc.<sup>(c)(f)</sup> | 445127 | 433198 |
|  |  | **433198** |
| **Information Technology - 0.26%** |  |  |
| Strategy Inc. Cumulative Preferred Series A<sup>(f)</sup> | 6650 | 668443 |
|  |  | **668443** |
| **Technology - 0.30%** |  |  |
| Xtend Reality Expansion Ltd. Preferred B-2<sup>(c)(f)</sup> | 579633 | 774911 |
|  |  | **774911** |
| **TOTAL PREFERRED STOCK** |  | **1876552** |
| (Cost $1,568,243) |  |  |

---

---

| | |
|:---|:---|
|  | **Fair Value** |
| **PARTICIPATION AGREEMENT - 0.33%** |  |
| PK Funding 2023 LLC<sup>(c)</sup> | 867898 |
| **TOTAL PARTICIPATION AGREEMENT** | **867898** |
| (Cost $863,417) |  |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | | **Fair Value** |
| **PRIVATE FUNDS - 22.28%** |  |  |
| Alternative Capital Investments Fund III LP, Standard Class Interests |  | $357218 |
| Alternative Capital Investments Fund III LP, Special Class Interests KLINGER<sup>(f)</sup> | 642057 | 697086 |
| Alternative Capital Investments Fund III LP, Special Class Interests MILBERG<sup>(f)</sup> | 3210291 | 3243819 |
| Alternative Capital Investments Fund III LP, Special Class Interests PANNOX<sup>(f)</sup> | 1070084 | 1070084 |
| Alternative Capital Investments Fund III LP, Special Class Interests PROVIDER<sup>(f)</sup> | 2140190 | 4920725 |
| Alternative Capital Investments Fund III LP, Special Class Interests VGASA<sup>(f)</sup> | 1562339 | 1562340 |
| New Holland Special Opportunities Aggregator, LP Class M Interests<sup>(f)(h)</sup> |  | 1506488 |
| New Holland Special Opportunities Aggregator LP, Class Y-6 Interests<sup>(f)(h)</sup> |  | 283403 |
| New Holland Special Opportunities Aggregator LP, Class Y-7 Interests<sup>(f)(h)</sup> |  | 6320095 |
| Stone Ridge Opportunities Fund Feeder LP<sup>(f)</sup> |  | 38184000 |
| **TOTAL PRIVATE FUNDS** |  | **58145258** |
| (Cost $40,466,006) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **UNIT TRUST - 3.33%** |  |  |
| Grayscale Ethereum Classic Trust<sup>(f)(g)</sup> | 1666652 | 8699916 |
| **TOTAL UNIT TRUST** |  | **8699916** |
| (Cost $17,458,089) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **SPECIAL PURPOSE ACQUISITION COMPANIES - 6.23%** |  |  |
| 1RT Acquisition Corp.<sup>(f)</sup> | 22971 | 234534 |
| Activate Energy Sponsors LLC, Class A<sup>(c)(f)</sup> | 86111 | 258 |
| Activate Energy Sponsors LLC, Class B<sup>(c)(f)</sup> | 10764 | 99782 |
| AI Infrastructure Acquisition Corp.<sup>(f)</sup> | 6249 | 62490 |
| Aldabra 4 LOV Sponsor Partnership, Class A<sup>(c)(f)</sup> | 76516 | 230 |
| Aldabra 4 LOV Sponsor Partnership, Class B<sup>(c)(f)</sup> | 63764 | 95646 |
| Apex Treasury Corp.<sup>(f)</sup> | 11011 | 109890 |
| Art Technology Acquisition Corp.<sup>(f)</sup> | 5346 | 53460 |
| Art Technology Sponsor, LLC, Class A<sup>(c)(f)</sup> | 79848 | 798 |
| Art Technology Sponsor, LLC, Class B<sup>(c)(f)</sup> | 15969 | 159690 |
| American Exceptionalism Acquisition Corp A<sup>(f)</sup> | 6655 | 77198 |
| Axiom Intelligence Holdings 1 LLC, Class A<sup>(c)(f)</sup> | 109718 | 218339 |
| Axiom Intelligence Holdings 1 LLC, Class B<sup>(c)(f)</sup> | 13715 | 30310 |
| Bain Capital GSS Investment Corp.<sup>(f)</sup> | 27071 | 275041 |
| Bengochea SPAC Sponsors II LLC, Class A<sup>(c)(f)(j)</sup> | 132416 |  |
| Bengochea SPAC Sponsors II LLC, Class B<sup>(c)(f)</sup> | 16552 | 154761 |
| Berto Acquisition Corp.<sup>(f)</sup> | 24609 | 251258 |
| Bitcoin Infrastructure Acquisition Corp Ltd.<sup>(f)</sup> | 3999 | 40070 |
| Bleichroeder Acquisition Corp. II<sup>(f)</sup> | 4429 | 43980 |
| Blue Holdings, Class A<sup>(c)(f)</sup> | 137148 | 433388 |
| Blue Holdings, Class B<sup>(c)(f)</sup> | 13715 | 47865 |
| BTC Development Corp.<sup>(f)</sup> | 15676 | 158328 |
| Cal Redwood Acquisition Corp., Class A<sup>(c)(f)</sup> | 134662 | 409372 |
| Cal Redwood Acquisition Corp., Class B<sup>(c)(f)</sup> | 16833 | 57232 |

---

Quarterly Report \| January 31, 2026 7

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| Cantor Equity Partners II Inc.<sup>(f)</sup> | 18569 | $230627 |
| Cantor Equity Partners III Inc.<sup>(f)</sup> | 31544 | 322695 |
| Cantor Equity Partners Inc.<sup>(c)(f)</sup> | 59091 | 611592 |
| Cantor Equity Partners IV Inc.<sup>(f)</sup> | 11518 | 120593 |
| Cantor Equity Partners V Inc.<sup>(f)</sup> | 13869 | 142157 |
| Chenghe Investment III LLC, Class A Unit<sup>(c)(f)(i)</sup> | 133435 | 90736 |
| Chenghe Investment III LLC, Class B Unit<sup>(c)(f)</sup> | 16679 | 12843 |
| Churchill Capital Corp XI<sup>(f)</sup> | 3609 | 37173 |
| Cohen Circle Sponsor II, LLC, Class A<sup>(c)(f)</sup> | 34290 | 93612 |
| Cohen Circle Sponsor II, LLC, Class B<sup>(c)(f)</sup> | 6858 | 20163 |
| Crane Harbor Acquisition Corp. II<sup>(f)</sup> | 8117 | 81170 |
| Crane Harbor Sponsor II LLC, Class A<sup>(c)(f)</sup> | 40514 | 203 |
| Crane Harbor Sponsor II LLC, Class B<sup>(c)(f)</sup> | 8103 | 81030 |
| Digital Asset Acquisition Corp.<sup>(f)</sup> | 23785 | 243083 |
| EGH Sponsor LLC, Class A<sup>(c)(f)</sup> | 58498 | 141565 |
| EGH Sponsor LLC, Class B<sup>(c)(f)</sup> | 7312 | 19523 |
| Ether Reserve LLC<sup>(c)(f)</sup> | 59091 | 601545 |
| Evolution Global Acquisition Corp.<sup>(f)</sup> | 12334 | 124327 |
| FG Imperii Acquisition Corp.<sup>(f)</sup> | 9132 | 91229 |
| FIGX Acquisition Partners LLC Class A<sup>(c)(f)</sup> | 86860 | 88597 |
| FIGX Acquisition Partners LLC Class B<sup>(c)(f)</sup> | 10858 | 12595 |
| FutureCrest Acquisition Corp.<sup>(f)</sup> | 15009 | 154443 |
| Gerresheimer AG<sup>(f)</sup> | 51401 | 1542706 |
| GP-Act III Acquisition Corp., Class A<sup>(c)(f)</sup> | 17094 | 31453 |
| Graf Global Sponsor LLC, Class A<sup>(c)(f)(g)</sup> | 15421 | 29763 |
| Hall Chadwick Acquisition Corp.<sup>(f)</sup> | 23559 | 236061 |
| Hall Chadwock Acquisition Corp., Class A<sup>(c)(f)</sup> | 86111 | 344 |
| Hall Chadwock Acquisition Corp., Class B<sup>(c)(f)</sup> | 10764 | 99890 |
| HCM III Acquisition Corp.<sup>(f)</sup> | 26998 | 275380 |
| HCM Investor Holdings III, LLC, Class A<sup>(c)(f)</sup> | 103450 | 192417 |
| HCM Investor Holdings III, LLC, Class B<sup>(c)(f)</sup> | 137934 | 64829 |
| Insight Digital Partners II<sup>(f)</sup> | 10820 | 107551 |
| KRAKacquisition Corp.<sup>(f)</sup> | 6428 | 65148 |
| Lafayette Digital Acquisition Corp. I, Class A<sup>(c)(f)</sup> | 67720 | 203 |
| Lafayette Digital Acquisition Corp. I, Class B<sup>(c)(f)</sup> | 13544 | 135440 |
| Launchpad Cadenza Acquisition Corp. I, Class A<sup>(c)(f)</sup> | 64822 | 259 |
| Launchpad Cadenza Acquisition Corp. I, Class B<sup>(c)(f)</sup> | 54019 | 81028 |
| Leapfrog Acquisition Corp.<sup>(f)</sup> | 3655 | 36842 |
| LeapFrog Partners LLC, Class A<sup>(c)(f)</sup> | 95057 | 475 |
| LeapFrog Partners LLC, Class B<sup>(c)(f)</sup> | 11882 | 118820 |
| Legato Merger Corp. IV<sup>(f)</sup> | 3330 | 33400 |
| LightWave Founders LLC, Class A<sup>(c)(f)</sup> | 160720 | 141434 |
| LightWave Founders LLC, Class B<sup>(c)(f)</sup> | 16072 | 15590 |
| M Evo Global Acquisition Corp. II<sup>(f)</sup> | 5328 | 53493 |
| M3-Brigade Acquisition V Corp.<sup>(f)</sup> | 1 | 11 |
| M3 Brigade Sponsor VI LLC, Class A Unit<sup>(c)(f)(i)</sup> | 85721 | 116581 |
| M3 Brigade Sponsor VI LLC, Class B Unit<sup>(c)(f)</sup> | 114295 | 38860 |
| MI7 Founders, LLC, Class A<sup>(c)(f)</sup> | 236458 | 1896393 |
| Muzero Acquisition Corp.<sup>(f)</sup> | 2664 | 26640 |
| New Providence Holdings III, LLC<sup>(c)(f)</sup> | 15759 | 35458 |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| NewHold Investment Corp III, Class A<sup>(c)(f)</sup> | 67027 | $124000 |
| NewHold Investment Corp III, Class B<sup>(c)(f)</sup> | 8378 | 17091 |
| OneIM Acquisition Corp.<sup>(f)</sup> | 55564 | 561196 |
| OTG Acquisition Corp. I<sup>(f)</sup> | 4476 | 45118 |
| Oxley Bridge Holdings LLC, Class A<sup>(c)(f)</sup> | 128263 | 112871 |
| Oxley Bridge Holdings LLC, Class B<sup>(c)(f)</sup> | 160330 | 33669 |
| Oyster Enterprises II LLC, Class A<sup>(c)(f)</sup> | 134995 | 256490 |
| Oyster Enterprises II LLC, Class B<sup>(c)(f)</sup> | 16874 | 35773 |
| Perimeter Acquisition Corp. I<sup>(f)</sup> | 63968 | 663988 |
| Petit Monts LLC, Class A<sup>(c)(f)</sup> | 62120 | 108089 |
| Pioneer Acquisition 1 Sponsor Holdco LLC, Class A<sup>(c)(f)</sup> | 137148 | 126176 |
| Pioneer Acquisition 1 Sponsor Holdco LLC, Class B<sup>(c)(f)</sup> | 171435 | 36001 |
| ProCap Acquisition Corp.<sup>(f)</sup> | 18304 | 186884 |
| Range Capital Acquisition Corp. II<sup>(f)</sup> | 20090 | 200699 |
| Range Capital Acquisition Sponsor II, LLC, Class A Unit<sup>(c)(f)</sup> | 71311 | 81295 |
| Range Capital Acquisition Sponsor II, LLC, Class B Unit<sup>(c)(f)</sup> | 8914 | 11499 |
| Real Asset Acquisition Corp.<sup>(f)</sup> | 25855 | 268892 |
| Renatus Tactical Acquisition Corp. I<sup>(f)</sup> | 5464 | 58465 |
| Republic Digital Acquisition Company<sup>(f)</sup> | 43541 | 448037 |
| Rice Acquisition Corp. 3<sup>(f)</sup> | 8604 | 89482 |
| Soulpower Acquisition Sponsor LLC, Class A<sup>(c)(f)</sup> | 120459 | 208394 |
| Soulpower Acquisition Sponsor LLC, Class B<sup>(c)(f)</sup> | 15057 | 28909 |
| Space Asset Acquisition Corp.<sup>(f)</sup> | 10656 | 108585 |
| Spring Valley Acquisition Corp.<sup>(f)</sup> | 5698 | 61424 |
| Titan Acquisition Sponsor Holdco, LLC, Class A<sup>(c)(f)</sup> | 72306 | 98336 |
| Trailblazer Acquisition Corp.<sup>(f)</sup> | 23471 | 237292 |
| VO Sponsor II, LLC Class A<sup>(c)(f)</sup> | 72306 | 116413 |
| VO Sponsor II, LLC Class B<sup>(c)(f)</sup> | 904 | 16089 |
| Wen Sponsor LLC, Class A<sup>(c)(f)</sup> | 125704 | 153359 |
| Wen Sponsor LLC, Class B<sup>(c)(f)</sup> | 157130 | 45568 |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES** |  | **16251974** |
| (Cost $16,446,148) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **DIGITAL ASSET TREASURY COMPANIES - 0.24%** |  |  |
| Hyperliquid Strategies Inc.<sup>(f)(j)</sup> | (433) |  |
| SeeQC, Inc.<sup>(c)</sup> | 127757 | 638785 |
| **TOTAL DIGITAL ASSET TREASURY COMPANIES** |  | **638785** |
| (Cost $638,785) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Contracts** | **Fair Value** |
| **WARRANTS - 1.18%** | | |
| 1RT Acquisition Corp., Expires 06/20/2031, Strike Price $11.50<sup>(f)</sup> | 5929 | 3854 |
| Alussa Energy Acquisition Corp., Expires 04/10/2026, Strike Price $11.50<sup>(f)</sup> | 1345 | 688 |
| Apex Treasury Corp., Expires 10/31/2032, Strike Price $11.50<sup>(f)</sup> | 8258 | 2643 |
| Armada Acquisition Corp. II, Expires 05/20/2030, Strike Price $11.50<sup>(f)</sup> | 54162 | 45496 |

---

Quarterly Report \| January 31, 2026 9

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Contracts** | **Fair Value** |
| Bain Capital GSS Investment Corp., Expires 01/01/2028, Strike Price $11.50<sup>(f)</sup> | 5414 | $4602 |
| Berto Acquisition Corp., Expires 05/01/2030, Strike Price $11.50<sup>(f)</sup> | 31254 | 11251 |
| Bleichroeder Acquisition Corp. II, Expires 01/28/2032, Strike Price $11.50<sup>(f)</sup> | 1476 | 863 |
| BTC Development Corp., Expires 08/19/2030, Strike Price $11.50<sup>(f)</sup> | 3919 | 2648 |
| Canopy Growth Corp., Expires 01/08/2031, Strike Price $1.30<sup>(c)(f)(j)</sup> | 969481 |  |
| CEA Industries, Inc., Expires 3 years after initial business combination, Stike Price $15.15<sup>(c)(f)</sup> | 23342 | 40382 |
| Cohen Circle Acquisition Corp., Expires 05/23/2030, Strike Price $11.50<sup>(f)</sup> | 5559 | 4614 |
| Critical Metals Corp., Expires 02/07/2029, Strike Price $7.00<sup>(c)(f)</sup> | 38669 | 160090 |
| D Boral ARC Acquisition I Corp., Expires 05/06/2030, Strike Price $11.50<sup>(f)</sup> | 12542 | 11037 |
| Digital Asset Acquisition Corp., Expires 04/01/2030, Strike Price $11.50<sup>(f)</sup> | 29467 | 12965 |
| Dynamix Corp., Expires 10/25/2029, Strike Price $11.50<sup>(f)</sup> | 33079 | 35395 |
| Dynamix Corp. III, Expires 11/19/2030, Strike Price $11.50<sup>(f)</sup> | 4817 | 1590 |
| EQV Ventures Acquisition Corp., Expires 07/01/2031, Strike Price $11.50<sup>(f)</sup> | 22723 | 11089 |
| Evolution Global Acquisition Corp., Expires 10/22/2030, Strike Price $11.50<sup>(f)</sup> | 6167 | 3084 |
| EYE Health, Inc. – Expires 4.5 years after issuance, Strike Price $2.88<sup>(f)(j)</sup> | 5 |  |
| Fact II Acquisition Corp., Expires 11/26/2031, Strike Price $11.50<sup>(f)</sup> | 22895 | 10092 |
| FutureCrest Acquisition Corp., Expires 11/05/2030, Strike Price $11.50<sup>(f)</sup> | 3752 | 3283 |
| GigCapital7 Corp., Expires 09/11/2029, Strike Price $11.50<sup>(f)</sup> | 5 | 3 |
| Gores Holdings X Inc., Expires 05/02/2030, Strike Price $11.50<sup>(f)</sup> | 3460 | 2911 |
| GP-Act III Acquisition Corp., Expires 12/31/2027, Strike Price $11.50<sup>(f)</sup> | 23593 | 6191 |
| GP-Act III Acquisition Corp., Class B Warrants, Expires 5 years after initial business combination, Strike Price $11.50<sup>(c)(f)</sup> | 21362 | 5981 |
| Graf Global Corp, Expires with the closing of initial business combination, Strike Price $11.50<sup>(c)(f)(g)</sup> | 19276 | 6747 |
| HCM III Acquisition Corp., Expires 07/31/2030, Strike Price $11.50<sup>(f)</sup> | 9476 | 5771 |
| Insight Digital Partners II, Expires 12/31/2030, Strike Price $11.50<sup>(f)</sup> | 5414 | 1734 |
| Israel Acquisitions Corp., Expires 02/28/2028, Strike Price $11.50<sup>(f)</sup> | 18390 | 2299 |
| Launch Two Acquisition Corp., Expires 10/09/2029, Strike Price $11.50<sup>(f)</sup> | 1652 | 477 |
| Lightwave Acquisition Corp., Expires 06/24/2030, Strike Price $11.50<sup>(f)</sup> | 10620 | 3292 |
| Live Oak Acquisition Corp. V, Expires 02/20/2030, Strike Price $11.50<sup>(f)</sup> | 11677 | 20435 |
| Melar Acquisition Corp I, Expires 6/10/2029, Strike Price $11.50<sup>(f)</sup> | 32537 | 5528 |
| Mercer Park Opportunities Corp., Expires 08/29/2029, Strike Price $11.50<sup>(f)</sup> | 10963 | 3673 |
| MI7 Founders, LLC, Class A, Expires 5 years after closing, Strike Price $11.50<sup>(c)(f)</sup> | 236458 | 182073 |
| MI7 Founders, LLC, Class Z, Expires 5 years after closing, Strike Price $11.50<sup>(c)(f)</sup> | 78859 | 55201 |
| Nemo Enterprises Inc., Expires 2/10/2035, Strike Price $1,000.00<sup>(f)(j)</sup> | 64 |  |
| New Providence Acquisition Corp. III, Expires 04/24/2030, Strike Price $11.50<sup>(f)</sup> | 6181 | 3152 |
| New Providence Holdings III, LLC, Expires with the closing of initial business combination, Strike Price $11.50<sup>(c)(f)</sup> | 126069 | 259702 |
| NewHold Investment Corp II-A., Expires 04/17/2030, Strike Price $11.50<sup>(f)</sup> | 2084 | 904 |
| OTG Acquisition Corp. I, Expires 10/22/2030, Strike Price $11.50<sup>(f)</sup> | 3731 | 1548 |
| Perimeter Acquisition Corp. I, Expires 05/13/2030, Strike Price $11.50<sup>(f)</sup> | 33393 | 28384 |
| Plum Acquisition Corp IV, Expires 08/19/2029, Strike Price $11.50<sup>(f)</sup> | 4175 | 1962 |
| ProCap Acquisition Corp., Expires 05/13/2030, Strike Price $11.50<sup>(f)</sup> | 20612 | 7911 |
| Procap Financial Inc., Expires 05/16/2030, Strike Price $11.50<sup>(f)</sup> | 1918 | 825 |
| Range Capital Acquisition Corp. II, Expires 09/16/2030, Strike Price $11.50<sup>(f)</sup> | 13509 | 4526 |
| Real Asset Acquisition Corp., Expires 04/24/2030, Strike Price $11.50<sup>(f)</sup> | 87360 | 44038 |
| Renatus Tactical Acquisition Corp. I, Expires 05/15/2030, Strike Price $11.50<sup>(f)</sup> | 3588 | 3050 |
| Republic Digital Acquisition Co, Expires 05/01/2030, Strike Price $11.50<sup>(f)</sup> | 64146 | 36563 |
| Rice Acquisition Corp. 3, Expires 09/29/2031, Strike Price $11.50<sup>(f)</sup> | 22567 | 22027 |
| Rithm Acquisition Corp., Expires 12/30/2075, Strike Price $0.10<sup>(f)</sup> | 1581 | 1241 |
| Roman DBDR Acquisition Corp II., Expires 10/31/2031, Strike Price $11.50<sup>(f)</sup> | 19566 | 14794 |
| Sharps Technology Inc., Pre Funded Warrant, Expires 03/20/2026, Strike Price $0.00<sup>(c)(f)</sup> | 44101 | 82910 |
| Sharps Technology Inc., Stapled Warrant, Expires 11/30/2028, Strike Price $9.75<sup>(c)(f)</sup> | 174658 | 36678 |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Contracts** | **Fair Value** |
| SIM Acquisition Corp. I, Expires0 6/01/2031, Strike Price $11.50<sup>(f)</sup> | 12138 | $3520 |
| Spring Valley Acquisition Corp., Expires 09/30/2030, Strike Price $11.50<sup>(f)</sup> | 2501 | 3752 |
| Terrestrial Energy Inc., Expires 10/10/2029, Strike Price $11.50<sup>(f)</sup> | 12004 | 49697 |
| Titan Acquisition Sponsor Holdco, LLC, Expires 5 years after initial business combination, Strike Price $11.50<sup>(c)(f)</sup> | 90383 | 27115 |
| TLGY Acquisition Corp., Expires 01/14/2028, Strike Price $11.50<sup>(f)</sup> | 30000 | 32415 |
| Trailblazer Acquisition Corp., Expires 07/24/2030, Strike Price $11.50<sup>(f)</sup> | 7823 | 3755 |
| Vertical Aerospace, Ltd. Class A Warrants, Expires 01/22/2030, Strike Price $11.50<sup>(c)(f)</sup> | 249443 | 875545 |
| Vertical Aerospace, Ltd. Class B Warrants, Expires 01/22/2030, Strike Price $11.50<sup>(c)(f)</sup> | 249443 | 823162 |
| Wen Acquisition Corp., Expires 05/15/2031, Strike Price $11.50<sup>(f)</sup> | 61927 | 26009 |
| Willow Lane Acquisition Corp., Expires 10/31/2031, Strike Price $11.50<sup>(f)</sup> | 5726 | 20500 |
| **TOTAL WARRANTS** |  | **3083667** |
| (Cost $917,733) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Contracts** | **Fair Value** |
| **RIGHTS - 0.02%** | | |
| AI Infrastructure Acquisition Corp., Expires 12/01/2075<sup>(f)</sup> | 6249 | 1688 |
| Crane Harbor Acquisition Corp., Expires 05/19/2075<sup>(f)</sup> | 2529 | 2175 |
| Crane Harbor Acquisition Corp. II, Expires 05/19/2075<sup>(f)</sup> | 8117 | 1952 |
| Inflection Point Acquisition Corp. III, Expires 06/16/2075<sup>(f)</sup> | 54192 | 20593 |
| Hall Chadwick Acquisition Corp., Expires 01/27/2076<sup>(f)</sup> | 23559 | 6125 |
| Hennessy Capital Investment Corp. VII, Expires 12/30/2075<sup>(f)</sup> | 7305 | 2045 |
| K&F Growth Acquisition Corp. II, Expires 12/30/2075<sup>(f)</sup> | 4142 | 663 |
| Mountain Lake Acquisition Corp., Expires 12/31/2075<sup>(f)</sup> | 9699 | 2036 |
| **TOTAL RIGHTS** |  | **37277** |
| (Cost $36,551) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Contracts** | **Fair Value** |
| **OPTIONS - 2.14%<sup>(k)</sup>** | | |
| **Put Option Contracts - 2.14%** |  |  |
| iShares Bitcoin Trust ETF, Expires 01/15/2027, Strike Price $15.00<sup>(f)</sup> | 104 | 4264 |
| iShares Bitcoin Trust ETF, Expires 06/18/2027, Strike Price $45.00<sup>(f)</sup> | 65 | 24700 |
| Russell 2000 Index, Expires 04/17/2026, Strike Price $2,590<sup>(f)</sup> | 41 | 360800 |
| Russell 2000 Index, Expires 04/17/2026, Strike Price $2,630<sup>(f)</sup> | 32 | 315936 |
| Russell 2000 Index, Expires 04/17/2026, Strike Price $2,650<sup>(f)</sup> | 33 | 348348 |
| Russell 2000 Index, Expires 04/17/2026, Strike Price $2,660<sup>(f)</sup> | 8 | 92560 |
| Russell 2000 Index, Expires 04/17/2026, Strike Price $2,660<sup>(f)</sup> | 51 | 515763 |
| S&P 500 Index, Expires 04/17/2026, Strike Price $6,755<sup>(f)</sup> | 62 | 752680 |
| S&P 500 Index, Expires 04/17/2026, Strike Price $6,760<sup>(f)</sup> | 22 | 270050 |
| S&P 500 Index, Expires 04/17/2026, Strike Price $6,825<sup>(f)</sup> | 86 | 1189810 |
| S&P 500 Index, Expires 04/17/2026, Strike Price $6,830<sup>(f)</sup> | 117 | 1492920 |
| S&P 500 Index, Expires 04/17/2026, Strike Price $6,980<sup>(f)</sup> | 10 | 188570 |
| **TOTAL OPTIONS** |  | **5556401** |
| (Premiums paid $5,469,076) |  |  |

---

Quarterly Report \| January 31, 2026 11

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **MONEY MARKET FUNDS - 7.13%** |  |  |
| BNY Mellon U.S. Treasury Fund, 7 Day Yield, 3.200%<sup>(g)(h)</sup> | 10660149 | $10660149 |
| JPMorgan US Treasury Plus Money Market Fund, 7 Day Yield, 3.630% | 7927456 | 7927456 |
| **TOTAL MONEY MARKET FUNDS** |  | **18587605** |
| (Cost $18,587,605) |  |  |
| Total Investments in Securities - 82.33% |  | **214851002** |
| (Cost $206,490,258) |  |  |
| Other Assets in Excess of Liabilities - 17.67% |  | 46115770 |
| **NET ASSETS - 100.00%** |  | $**260966772** |

---

 

*Amounts above are shown as a percentage of net assets as of January 31, 2026.*

**SCHEDULE OF SECURITIES SOLD SHORT**

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **CORPORATE BONDS - (4.50%)** |  |  |
| **Consumer Discretionary - (2.45%)** |  |  |
| Biocon Biologics Global PLC, 6.670%, 10/09/2029<sup>(b)</sup> | (732000) | (743166) |
| Biocon Biologics Global PLC, 6.670%, 10/09/2029<sup>(e)</sup> | (2598000) | (2637629) |
| Star Parent Inc., 9.000%, 10/01/2030<sup>(b)</sup> | (2867000) | (3041984) |
|  |  | **(6422779)** |
| **Financials - (0.33%)** |  |  |
| Global Auto HO/AAG FH UK, 8.750%, 01/15/2032<sup>(b)</sup> | (883000) | (854805) |
|  |  | **(854805)** |
| **Industrials - (1.22%)** |  |  |
| Icahn Enterprises LP/Icahn Enterprises Finance Corporation, 4.375%, 02/01/2029 | (355000) | (313781) |
| Icahn Enterprises LP/Icahn Enterprises Finance Corporation, 5.250%, 05/15/2027 | (2890000) | (2860759) |
|  |  | **(3174540)** |
| **Real Estate - (0.5%)** |  |  |
| CPI Property Group SA, 1.750%, 01/14/2030<sup>(e)</sup> | (1257000) | (1303814) |
|  |  | **(1303814)** |
| **TOTAL CORPORATE BONDS** |  | **(11755938)** |
| (Proceeds $11,259,428) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Fair Value** |
| **SOVEREIGN DEBT OBLIGATIONS - (37.01%)** |  |  |
| **Sovereign - (37.01%)** |  |  |
| US TREASURY N/B, 3.500%, 01/31/2028<sup>(f)</sup> | (65254000) | (65213216) |
| US TREASURY N/B, 4.000%, 11/15/2035 | (15140000) | (14831286) |
| US TREASURY N/B, 3.625%, 12/31/2030 | (16677000) | (16546711) |
| **TOTAL SOVEREIGN DEBT OBLIGATIONS** |  | **(96591213)** |
| (Proceeds $96,786,911) |  |  |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCK - (8.40%)** |  |  |
| **Communications - (0.67%)** |  |  |
| Alphabet Inc., Class A Common Shares<sup>(f)</sup> | (414) | $(139932) |
| DoorDash, Inc.<sup>(f)</sup> | (58) | (11868) |
| Cogent Communications Holdings Inc. | (477) | (11591) |
| Formula One Group<sup>(f)</sup> | (1697) | (147673) |
| Meta Platforms, Inc. | (472) | (338188) |
| Netflix, Inc.<sup>(f)</sup> | (415) | (34648) |
| Reddit Inc.<sup>(f)</sup> | (152) | (27401) |
| ROBLOX Corp.<sup>(f)</sup> | (196) | (12889) |
| Spotify Technology SA.<sup>(f)</sup> | (144) | (72050) |
| Take-Two Interactive Software Inc.<sup>(f)</sup> | (132) | (29080) |
| The Trade Desk, Inc.<sup>(f)</sup> | (82) | (2487) |
| Universal Music Group NV<sup>(f)</sup> | (26348) | (645872) |
| Verizon Communications Inc. | (130) | (5788) |
| Zillow Group, Inc.<sup>(f)</sup> | (4151) | (261638) |
|  |  | **(1741105)** |
| **Consumer Discretionary - (1.68%)** |  |  |
| Amazon.com, Inc.<sup>(f)</sup> | (881) | (210823) |
| Coupang Inc.<sup>(f)</sup> | (1110) | (22378) |
| Ferrari NV<sup>(f)</sup> | (9081) | (3022587) |
| MercadoLibre, Inc.<sup>(f)</sup> | (12) | (25773) |
| Stellantis NV<sup>(f)</sup> | (69191) | (679583) |
| Stellantis NV<sup>(f)</sup> | (42121) | (415734) |
| The Home Depot, Inc. | (5) | (1873) |
|  |  | **(4378751)** |
| **Consumer Staples - (0.16%)** |  |  |
| Oddity Tech Ltd.<sup>(f)</sup> | (5265) | (172903) |
| Philip Morris International Inc. | (75) | (13458) |
| The Clorox Company | (1973) | (222535) |
|  |  | **(408896)** |
| **Energy - (0.06%)** |  |  |
| EOG Resources Inc. | (12) | (1346) |
| Exxon Mobil Corp.<sup>(f)</sup> | (14) | (1980) |
| NexGen Energy Ltd.<sup>(f)</sup> | (10763) | (135291) |
| Williams Cos., Inc. | (120) | (8071) |
|  |  | **(146688)** |
| **Financials - (0.57%)** |  |  |
| Affirm Holdings Inc.<sup>(f)</sup> | (327) | (19718) |
| American Express Co. | (90) | (31695) |
| Bank of America Corp. | (70) | (3724) |
| Block Inc.<sup>(f)</sup> | (1866) | (112762) |
| Brookfield Corp. | (3036) | (138290) |
| CME Group Inc. | (86) | (24859) |
| Corpay Inc.<sup>(f)</sup> | (205) | (64499) |
| Intercontinental Exchange, Inc. | (1572) | (273182) |
| MasterCard Inc. | (465) | (250537) |
| Morgan Stanley | (44) | (8043) |

---

Quarterly Report \| January 31, 2026 13

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| MSCI Inc. | (523) | $(318622) |
| Nu Holdings Ltd.<sup>(f)</sup> | (1024) | (18176) |
| Robinhood Markets Inc.<sup>(f)</sup> | (666) | (66254) |
| Tradeweb Markets Inc.<sup>(f)</sup> | (387) | (39888) |
| Visa Inc. | (13) | (4184) |
| Webster Financial Corp. | (1914) | (125884) |
|  |  | **(1500317)** |
| **Health Care - (1.15%)** |  |  |
| Avidity Biosciences Inc.<sup>(f)</sup> | (1350) | (97970) |
| Agios Pharmaceuticals Inc.<sup>(f)</sup> | (1868) | (51258) |
| Alnylam Pharmaceuticals, Inc.<sup>(f)</sup> | (260) | (87896) |
| Axsome Therapeutics Inc.<sup>(f)</sup> | (194) | (35744) |
| Beam Therapeutics Inc.<sup>(f)</sup> | (1202) | (33199) |
| BioMarin Pharmaceutical Inc.<sup>(f)</sup> | (501) | (28327) |
| Boston Scientific Corp.<sup>(f)</sup> | (52) | (4864) |
| Celldex Therapeutics Inc.<sup>(f)</sup> | (1116) | (27454) |
| Cytokinetics Inc.<sup>(f)</sup> | (546) | (34502) |
| Denali Therapeutics Inc.<sup>(f)</sup> | (876) | (19044) |
| Edgewise Therapeutics Inc.<sup>(f)</sup> | (2069) | (58242) |
| Eli Lilly and Company | (1) | (1037) |
| Guardant Health Inc.<sup>(f)</sup> | (69) | (7869) |
| Harmony Biosciences Holdings Inc.<sup>(f)</sup> | (1516) | (55364) |
| Hyperliquid Strategies Inc.<sup>(f)</sup> | (87) | (393) |
| Incyte Corp.<sup>(f)</sup> | (652) | (65246) |
| Insmed Inc.<sup>(f)</sup> | (394) | (61807) |
| Insulet Corp.<sup>(f)</sup> | (65) | (16628) |
| Ionis Pharmaceuticals Inc.<sup>(f)</sup> | (3199) | (264461) |
| Koninklijke Philips NV<sup>(f)</sup> | (32118) | (918658) |
| Medpace Holdings Inc.<sup>(f)</sup> | (419) | (244059) |
| Mineralys Therapeutics Inc.<sup>(f)</sup> | (992) | (30643) |
| Natera Inc.<sup>(f)</sup> | (112) | (25888) |
| Novo Nordisk A/S<sup>(f)</sup> | (1390) | (8340) |
| Neurocrine Biosciences Inc.<sup>(f)</sup> | (1056) | (143679) |
| Repligen Corp.<sup>(f)</sup> | (451) | (67366) |
| Revolution Medicines Inc.<sup>(f)</sup> | (2764) | (267970) |
| Sanofi of France<sup>(f)(j)</sup> | (5225) |  |
| Scholar Rock Holding Corp.<sup>(f)</sup> | (1360) | (60302) |
| Sharps Technology Inc.<sup>(f)</sup> | (16422) | (33994) |
| Stryker Corp. | (37) | (13674) |
| Travere Therapeutics Inc.<sup>(f)</sup> | (958) | (29784) |
| Tempus AI Inc.<sup>(f)</sup> | (155) | (9272) |
| Tenet Healthcare Corp.<sup>(f)</sup> | (76) | (14385) |
| The Ensign Group, Inc. | (13) | (2232) |
| uniQure NV<sup>(f)</sup> | (1519) | (34512) |
| Vertex Pharmaceuticals Inc.<sup>(f)</sup> | (282) | (132512) |
|  |  | **(2988575)** |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **Industrials - (1.60%)** |  |  |
| AAON Inc.<sup>(f)</sup> | (743) | $(67658) |
| Advanced Drainage Systems Inc. | (531) | (80733) |
| Alight, Inc. | (123945) | (189636) |
| Brambles Ltd.<sup>(f)</sup> | (2147) | (33489) |
| Clarivate PLC<sup>(f)</sup> | (16728) | (44329) |
| Clean Harbors Inc.<sup>(f)</sup> | (249) | (64718) |
| CNH Industrial NV<sup>(f)</sup> | (66207) | (712387) |
| Eaton Corporation plc | (13) | (4568) |
| Equifax Inc. | (1130) | (227582) |
| Exponent Inc. | (2691) | (193402) |
| First Advantage Corp.<sup>(f)</sup> | (395) | (5332) |
| GE Vernova Inc. | (73) | (53025) |
| Generac Holdings, Inc.<sup>(f)</sup> | (239) | (40162) |
| Graco Inc. | (3732) | (325916) |
| Hubbell Inc. | (108) | (52698) |
| IDEX Corp. | (1126) | (223567) |
| Infomart Corp. | (17167) | (50139) |
| Iveco Group NV<sup>(f)</sup> | (11729) | (262350) |
| Leonardo DRS Inc. | (502) | (20612) |
| MonotaRO Co Ltd. | (8162) | (110305) |
| nVent Electric plc | (716) | (80378) |
| Paycom Software Inc. | (1037) | (139736) |
| Pentair plc | (448) | (47206) |
| Rollins Inc. | (5063) | (320690) |
| Trex Co Inc.<sup>(f)</sup> | (811) | (33592) |
| Union Pacific Corp. | (62) | (14576) |
| Valmont Industries Inc. | (73) | (32526) |
| Veralto Corp. | (502) | (49688) |
| Verisk Analytics Inc. | (1348) | (293136) |
| Vertiv Holdings Co | (334) | (62184) |
| Vicor Corp.<sup>(f)</sup> | (332) | (52346) |
| Waste Connections Inc. | (672) | (112424) |
| Watsco Inc. | (68) | (26279) |
| Watts Water Technologies Inc. | (178) | (53277) |
| Xylem Inc. | (616) | (84928) |
|  |  | **(4165574)** |
| **Information Technology - (1.22%)** |  |  |
| Accenture plc<sup>(f)</sup> | (66) | (17400) |
| Amphenol Corp. | (844) | (121604) |
| AppLovin Corp.<sup>(f)</sup> | (18) | (8516) |
| Arlo Technologies Inc.<sup>(f)</sup> | (1894) | (24035) |
| Astera Labs Inc.<sup>(f)</sup> | (280) | (42174) |
| Aurora Innovation Inc.<sup>(f)</sup> | (3708) | (15574) |
| AvePoint Inc.<sup>(f)</sup> | (1098) | (12770) |
| Bentley Systems Inc. | (1221) | (42882) |
| Broadcom Inc.<sup>(f)</sup> | (415) | (137490) |
| Celestica Inc.<sup>(f)</sup> | (1070) | (300661) |
| CEVA Inc.<sup>(f)</sup> | (502) | (10587) |
| Ciena Corp.<sup>(f)</sup> | (389) | (97954) |

---

Quarterly Report \| January 31, 2026 15

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| Coherent Corp.<sup>(f)</sup> | (259) | $(54955) |
| Corning Inc. | (712) | (73514) |
| Credo Technology Group Holding Ltd.<sup>(f)</sup> | (535) | (67025) |
| CyberArk Software Ltd.<sup>(f)</sup> | (98) | (42221) |
| Dell Technologies Inc. | (42) | (4806) |
| Dynatrace Inc.<sup>(f)</sup> | (378) | (14398) |
| Elastic NV<sup>(f)</sup> | (206) | (13582) |
| Globant SA<sup>(f)</sup> | (319) | (21335) |
| GMO internet group Inc.<sup>(f)</sup> | (2131) | (53027) |
| Harmonic Inc.<sup>(f)</sup> | (1230) | (11956) |
| JFrog Ltd.<sup>(f)</sup> | (777) | (42580) |
| Kulicke & Soffa Industries Inc. | (351) | (20123) |
| Littelfuse Inc. | (308) | (99718) |
| Marvell Technology Inc.<sup>(f)</sup> | (627) | (49483) |
| Micron Technology Inc.<sup>(f)</sup> | (533) | (221131) |
| monday.com Ltd.<sup>(f)</sup> | (159) | (18245) |
| Money Forward Inc.<sup>(f)</sup> | (2141) | (53995) |
| Oracle Corp. | (330) | (54311) |
| PTC Inc.<sup>(f)</sup> | (422) | (65887) |
| Pure Storage Inc.<sup>(f)</sup> | (283) | (19680) |
| Radware Ltd.<sup>(f)</sup> | (1229) | (29680) |
| Qualys Inc.<sup>(f)</sup> | (1964) | (259052) |
| Red Violet Inc.<sup>(f)</sup> | (311) | (14144) |
| Sabre Corp.<sup>(f)</sup> | (71707) | (93219) |
| Samsara Inc.<sup>(f)</sup> | (711) | (19944) |
| Seagate Technology Holdings PLC<sup>(f)</sup> | (322) | (131276) |
| SiTime Corp.<sup>(f)</sup> | (97) | (35222) |
| Super Micro Computer Inc.<sup>(f)</sup> | (1108) | (32254) |
| Synopsys Inc.<sup>(f)</sup> | (253) | (117674) |
| Trimble Inc.<sup>(f)</sup> | (1200) | (81120) |
| VeriSign Inc. | (2004) | (489437) |
| WingArc1st Inc. | (1896) | (39939) |
|  |  | **(3176580)** |
| **Materials - (0.21%)** |  |  |
| Ashland Inc. | (1053) | (64401) |
| Critical Metals Corp.<sup>(f)</sup> | (29701) | (391162) |
| Graphic Packaging Holding Company | (418) | (6124) |
| International Flavors & Fragrances Inc. | (569) | (39722) |
| Teck Resources Ltd. | (895) | (48115) |
|  |  | **(549524)** |
| **Real Estate - (0.02%)** |  |  |
| CoStar Group Inc.<sup>(f)</sup> | (81) | (4982) |
| Iron Mountain Inc.<sup>(f)</sup> | (400) | (36852) |
| Prologis Inc. | (34) | (4439) |
|  |  | **(46273)** |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **Technology - (0.95%)** |  |  |
| Arista Networks, Inc.<sup>(f)</sup> | (608) | $(86178) |
| Advanced Micro Devices, Inc.<sup>(f)</sup> | (628) | (148666) |
| Cloudflare, Inc.<sup>(f)</sup> | (560) | (99316) |
| Crowdstrike Holdings Inc.<sup>(f)</sup> | (108) | (47672) |
| Descartes Systems Group, Inc.<sup>(f)</sup> | (378) | (28230) |
| Doximity Inc.<sup>(f)</sup> | (2562) | (95998) |
| Fabrinet.<sup>(f)</sup> | (456) | (223185) |
| KLA CORP. | (102) | (145650) |
| Lam Research Corp.<sup>(f)</sup> | (291) | (67937) |
| Lumentum Holdings Inc.<sup>(f)</sup> | (421) | (164965) |
| Microsoft Corp.<sup>(f)</sup> | (544) | (234078) |
| MongoDB Inc.<sup>(f)</sup> | (92) | (34162) |
| Monolithic Power Systems Inc. | (128) | (143891) |
| NVIDIA Corp. | (3981) | (760889) |
| Pegasystems Inc. | (1022) | (44651) |
| Salesforce Inc. | (83) | (17620) |
| Shopify Inc.<sup>(f)</sup> | (387) | (50750) |
| Snowflake Inc.<sup>(f)</sup> | (505) | (97314) |
| SPS Commerce Inc.<sup>(f)</sup> | (66) | (5891) |
| Varonis Systems Inc.<sup>(f)</sup> | (652) | (19456) |
|  |  | **(2516499)** |
| **Utilities - (0.11%)** |  |  |
| AES Corp. | (1388) | (20334) |
| Alliant Energy Corp. | (365) | (24057) |
| Boralex Inc. | (2617) | (48529) |
| DTE Energy Co. | (178) | (23919) |
| Northland Power Inc. | (3345) | (46109) |
| Ormat Technologies Inc. | (978) | (122190) |
| Vistra Corp. | (87) | (13775) |
| Xcel Energy, Inc. | (97) | (7378) |
|  |  | **(306291)** |
| **TOTAL COMMON STOCK** |  | **(21925073)** |
| (Proceeds $22,848,280) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **CLOSED END FUNDS - (0.00%)<sup>(d)</sup>** |  |  |
| **Fixed Income - (0.00%)<sup>(d)</sup>** |  |  |
| Nuveen Municipal High Income Opportunity Fund | (769) | (8012) |
|  |  | **(8012)** |
| **TOTAL CLOSED END FUNDS** |  | **(8012)** |
| (Proceeds $8,047) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **EXCHANGE TRADED FUNDS - (13.15%)** |  |  |
| **Alternative - (2.74%)** |  |  |
| Grayscale Bitcoin Trust BTC<sup>(f)(g)</sup> | (109421) | (7152851) |
|  |  | **(7152851)** |

---

Quarterly Report \| January 31, 2026 17

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **Equity - (8.66%)** | | |
| Invesco S&P 500 Equal Weight ETF | (4136) | $(819259) |
| iShares Biotechnology ETF | (17959) | (3096670) |
| iShares Global Infrastructure ETF<sup>(f)</sup> | (7524) | (484621) |
| iShares MSCI ACWI ETF | (10261) | (1492976) |
| iShares Russell 1000 Value ETF | (96) | (21107) |
| iShares Russell 2000 ETF | (152) | (39467) |
| State Street SPDR S&P Biotech ETF<sup>(f)</sup> | (2000) | (249500) |
| State Street Energy Select Sector SPDR ETF | (8974) | (458123) |
| State Street Health Care Select Sector SPDR ETF | (159) | (24604) |
| State Street Materials Select Sector SPDR ETF | (1714) | (84449) |
| State Street Utilities Select Sector SPDR ETF | (3387) | (146488) |
| Vanguard FTSE Developed Markets ETF | (78399) | (5190014) |
| Vanguard FTSE Emerging Markets ETF | (95064) | (5368265) |
| Vanguard Total Stock Market ETF | (15018) | (5114680) |
|  |  | **(22590223)** |
| **Real Estate - (1.75%)** |  |  |
| Vanguard Real Estate ETF | (50256) | (4563245) |
|  |  | **(4563245)** |
| **TOTAL EXCHANGE TRADED FUNDS** |  | **(34306319)** |
| (Proceeds $32,831,229) |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **PREFERRED STOCK - (0.04%)** |  |  |
| **Information Technology - (0.04%)** |  |  |
| Strategy Inc. Non-Cumulative Preferred Series A<sup>(f)</sup> | (1069) | (77866) |
| **TOTAL PREFERRED STOCK** |  | **(77866)** |
| (Proceeds $82,416) |  |  |
| Total Securities Sold Short - (63.10%) |  | **(164664421)** |
| (Proceeds $163,816,311) |  |  |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

*<sup>(a)</sup>* *Security is in default as of year-end and is therefore non-income producing.*

*<sup>(b)</sup>* *Security exempt from registration under Rule 144A of the Securities Act of 1933 (the "Securities Act"). Total market value of Rule 144A securities amounts to $17,213,207, which represented approximately 6.60% of net assets as of January 31, 2026. Such securities may normally be sold to qualified institutional buyers in transactions exempt from registration.*

*<sup>(c)</sup>* *Level 3 assets valued using significant unobservable inputs as a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

*<sup>(d)</sup>* *Amount represents less than 0.005% of net assets.*

*<sup>(e)</sup>* *Securities were originally issued pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of January 31, 2026, the aggregate market value of those securities was -$316,209, which represents approximately -0.12% of net assets.*

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

*<sup>(g)</sup>* *A portion or all of the security is owned by SABA SPV I, a wholly-owned subsidiary of the Fund.*

*<sup>(h)</sup>* *A portion or all of the security is owned by SABA SPV II, a wholly-owned subsidiary of the Fund.*

*<sup>(i)</sup>* *The security is a floating rate note which has an annual interest rate, reset monthly, that is calculated by taking the product of a leverage multiplier and (USISDA30 - USISDA02).*

*<sup>(j)</sup>* *At January 31, 2026, the value of these investments amounted to $0, representing 0.0% of the net assets of the Fund.*

*<sup>(k)</sup>* *At January 31, 2026, all options held by the Fund are exchange traded listed options.*

**Investment Abbreviations:**

ESTRON - Euro Short-Term Rate

OBFR - United States Overnight Bank Funding Rate

SONIA - Sterling Over Night Index Average

**Reference Rates:**

ESTRON - Euro Short-Term Rate as of January 31, 2026 was 1.926%

OBFR - United States Overnight Bank Funding Rate as of January 31, 2026 was 3.630%

TSFR1M - CME Term SOFR 1 Month as of January 31, 2026 was 3.669%

TSFR3M - CME Term SOFR 3 Month as of January 31, 2026 was 3.660%

TSFR6M - CME Term SOFR 6 Month as of January 31, 2026 was 3.616%

SONIA - Sterling Overnight Index Average as of January 31, 2026 was 3.725%

**Counterparty Abbreviations:**

JPM - JPMorgan Chase Bank, N.A.

GSI - Goldman Sachs International

MSCO - Morgan Stanley & Company

**Currency Abbreviations:**

AUD - Australian Dollar

CAD - Canadian Dollar

CHF - Swiss Franc

DKK - Danish Krone

EUR - Eurozone Currency

GBP - Great British Pound

JPY - Japanese Yen

SEK - Swedish Krona

USD - United States Dollar

Quarterly Report \| January 31, 2026 19

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**SIMPLE AGREEMENT FOR FUTURE EQUITY (SAFE) CONTRACTS**

---

| | | |
|:---|:---|:---|
| | **Cost** | **Fair Value** |
| AEYE Health Inc.<sup>(a)</sup> | $224992 | $243643 |
| BeeHero Ltd.<sup>(a)</sup> | 178159 | 207377 |
| G-ILS Transportation Ltd.<sup>(a)</sup> | 2000000 | 1401500 |
| Nemo Enterprises, Inc.<sup>(a)</sup> | 64450 | 64450 |
| Quantalx Neuroscience Ltd. 2<sup>(a)</sup> | 327670 | 327173 |
| Real View Imaging Ltd. 2<sup>(a)</sup> | 131070 | 130863 |
|  | $2926341 | $2375006 |

---

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

**FORWARD FOREIGN CURRENCY CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement**<br> **Date** | **Fund**<br> **Receiving** | **Value** | **Fund**<br> **Delivering** | **Cost** | **Unrealized**<br> **Appreciation** |
| JPM | 04/02/2026 | AUD | $2227935 | USD | $2147528 | $80407 |
| JPM | 02/09/2026 | CAD | 293836 | USD | 290445 | 3391 |
| JPM | 03/20/2026 | GBP | 23132052 | USD | 22672749 | 459303 |
|  |  |  |  |  |  | $543101 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement**<br> **Date** | **Fund**<br> **Receiving** | **Value** | **Fund**<br> **Delivering** | **Cost** | **Unrealized**<br> **Depreciation** |
| JPM | 03/20/2026 | GBP | $957789 | USD | $964951 | $(7162) |
| JPM | 04/02/2026 | USD | 6425174 | AUD | 6676844 | (251670) |
| JPM | 04/02/2026 | USD | 510657 | CHF | 520807 | (10150) |
| JPM | 03/20/2026 | USD | 14032237 | EUR | 14100327 | (68090) |
| JPM | 03/20/2026 | USD | 4032791 | GBP | 4104809 | (72018) |
| JPM | 04/02/2026 | USD | 1555551 | JPY | 1571364 | (15813) |
| JPM | 04/02/2026 | USD | 2833001 | SEK | 2927850 | (94849) |
|  |  |  |  |  |  | $(519752) |
|  |  |  |  |  |  | $23349 |

---

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of <br> Contracts** | **Maturity <br> Date** | **Notional <br> Amount** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Long Position Contracts** |  |  |  |  |
| AUDUSD Crncy Fut Mar 26 | 92 | 03/16/2026 | $6114228 | $300012 |
| BP CURRENCY FUT Mar 26 | 23 | 03/16/2026 | 1914542 | 54401 |
| CHF CURRENCY FUT Mar 26 | 7 | 03/16/2026 | 1101320 | 37492 |
|  |  |  |  | $391905 |
| **Short Position Contracts** |  |  |  |  |
| EURO/GBP FUTURE Mar 26 | (6) | 03/16/2026 | $881310 | $9778 |
| FTSE 100 IDX FUT Mar 26 | (1) | 03/20/2026 | 130842 | (5470) |
| FTSE 250 Index FU Mar 26 | (100) | 03/20/2026 | 5926731 | (303471) |
| LONG GILT FUTURE Mar 26 | (7) | 03/27/2026 | 831851 | (1748) |
|  |  |  |  | $(300911) |
|  |  |  |  | $90994 |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**TO BE ANNOUNCED (TBA) MORTGAGE-BACKED SECURITIES (MBS) FORWARD CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Description** | **Maturity <br> Date** | **Notional <br> Amount** | **Net Unrealized<br> Depreciation** |
| MSCO | FNCL 5.5 3/26 TBA MSFTA | 03/10/2026 | $117161000 | $(13730) |
|  |  |  |  | $(13730) |

---

**SINGLE NAME CREDIT DEFAULT SWAP CONTRACTS (CENTRALLY CLEARED)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Buy/Sell<br> Protection<sup>(a)</sup>** | **Reference Obligations** | **Annual Payment<br> Rate Received<br> (Paid)** | **Currency** | **Maturity <br> Date** | **Notional<br> Amount<sup>(b)</sup>** | **Fair Value** | **Upfront<br> Premiums<br> Received/(Paid)** | **Unrealized<br> Appreciation** |
| Buy | Caesars Entertainment Inc. | (5.00)% | USD | 12/20/2029 | $493000 | $(50497) | $72190 | $21693 |
| Sell | CSC Holdings Ltd. | 5.00% | USD | 06/20/2028 | 242000 | (85333) | 90145 | 4812 |
| Sell | Oracle Corp. | 1.00% | USD | 12/20/2030 | 1487000 | (33623) | 27507 | (6116) |
| Sell | Oracle Corp. | 1.00% | USD | 12/20/2028 | 2966000 | (8800) | 14602 | 5802 |
| Buy | RR Donnelley & Sons Co. | (5.00)% | USD | 06/20/2029 | 2578000 | (78224) | 237101 | 158877 |
|  |  |  |  |  |  | $(256477) | $441545 | $185068 |

---

**INDEX CREDIT DEFAULT SWAP CONTRACTS (CENTRALLY CLEARED)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Buy/Sell<br> Protection<sup>(a)</sup>** | **Reference Obligations** | **Annual Payment<br> Rate Received<br> (Paid)** | **Currency** | **Maturity <br> Date** | **Notional <br> Amount <sup>(b)</sup>** | **Fair Value** | **Upfront<br> Premiums<br> Received/(Paid)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Buy | Markit CDX High Yield Index, Series 43 | (5.00)% | USD | 06/20/2028 | $105001355 | $(8882321) | $7346948 | $(1535373) |
| Sell | Markit CDX High Yield Index, Series 44 | 5.00% | USD | 06/20/2028 | 174352860 | 16008808 | (13059442) | 2949366 |
| Sell | Markit CDX High Yield Index, Series 45 | 5.00% | USD | 06/20/2028 | 9672300 | 865743 | (670774) | 194969 |
|  |  |  |  |  |  | $7992230 | $(6383268) | $1608962 |

---

**SINGLE NAME CREDIT DEFAULT SWAP CONTRACTS (OVER THE COUNTER)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Buy/Sell<br> Protection<sup>(a)</sup>** | **Counterparty** | **Reference Obligations** | **Annual Payment<br> Rate Received<br> (Paid)** | **Currency** | **Maturity <br> Date** | **Notional <br> Amount (b)** | **Fair Value** | **Upfront<br> Premiums<br> Received/(Paid)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Sell | GSI | Cigna Holding Co. | 1.00% | USD | 12/20/2030 | $1865000 | $41503 | $(35736) | $5767 |
| Buy | MSCS2 | Cigna Holding Co. | (1.00)% | USD | 12/20/2030 | 1511000 | 33625 | (28432) | 5193 |
| Buy | MSCS | Google | (1.00)% | USD | 12/20/2030 | 344000 | 10385 | (9969) | 416 |
| Buy | GSI | Google, LLC | (1.00)% | USD | 12/20/2030 | 18746000 | 565933 | (545504) | 20429 |
| Buy | GSI | Meta Platforms, Inc. | (1.00)% | USD | 12/20/2030 | 212000 | 4351 | (4919) | (568) |
| Buy | MSCS2 | Meta Platforms, Inc. | (1.00)% | USD | 12/20/2030 | 6540000 | 134210 | (119998) | 14212 |
| Buy | GSI | NVIDIA Corp. | (1.00)% | USD | 12/20/2030 | 1639000 | 46503 | (43999) | 2504 |
| Buy | GSI | Oracle Corp. | (1.00)% | USD | 12/20/2030 | 10073000 | (227767) | 55118 | (172649) |
| Buy | JPM | Oracle Corp. | (1.00)% | USD | 12/20/2030 | 7553000 | (170785) | (38081) | (208866) |
|  |  |  |  |  |  |  | $437958 | $(771520) | $(333562) |

---

*<sup>(a)</sup>* *If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.*

*<sup>(b)</sup>* *The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. Notional amounts are presented in the currency indicated in the table.*

Quarterly Report \| January 31, 2026 21

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**TOTAL RETURN SWAP CONTRACTS<sup>(a)</sup>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligations** | **Currency** | **Notional**<br> **Amount<sup>(b)</sup>** | **Termination**<br> **Date** | **Financing**<br> **Rate Index** | **Financing**<br> **Rate Spread**<br> **Paid by Fund** | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Long Position Contracts** | **Long Position Contracts** |  |  |  |  |  |  |  |
| JPM | abrdn Diversified Income and Growth Trust PLC | GBP | 953690 | 10/15/2026 | SONIA | 35 bps | $957146 | $3456 |
| JPM | abrdn Asia Focus PLC | GBP | 38277 | 10/15/2026 | SONIA | 35 bps | 35966 | (2311) |
| JPM | abrdn Diversified Income and Growth Trust PLC | GBP | 600050 | 10/15/2026 | SONIA | 35 bps | 602380 | 2330 |
| JPM | abrdn New India Investment Trust PLC | EUR | 2354913 | 10/15/2026 | SONIA | 35 bps | 2346318 | (8595) |
| JPM | abrdn UK Smaller Cos Growth Trust PLC | GBP | 448706 | 10/15/2026 | SONIA | 35 bps | 511716 | 63010 |
| JPM | Aquila European Renewables PLC | EUR | 6475 | 02/15/2027 | ESTRON | 40 bps | 4764 | (1711) |
| JPM | Baillie Gifford Japan Trust PLC | GBP | 341186 | 10/15/2026 | SONIA | 35 bps | 334889 | (6297) |
| JPM | Baillie Gifford UK Growth Trust PLC | GBP | 56644 | 10/15/2026 | SONIA | 35 bps | 56372 | (272) |
| JPM | BB Biotech AG | CHF | 1840624 | 10/15/2026 | SARON | 35 bps | 1773657 | (66967) |
| JPM | BlackRock Smaller Companies Trust PLC | GBP | 2816657 | 10/15/2026 | SONIA | 35 bps | 2905604 | 88947 |
| JPM | BlackRock Throgmorton Trust PLC | GBP | 1271080 | 10/15/2026 | SONIA | 35 bps | 1317191 | 46111 |
| JPM | Brown Advisory US Smaller Companies PLC | GBP | 952065 | 10/15/2026 | SONIA | 35 bps | 930120 | (21945) |
| JPM | Cannae Holdings, Inc. | USD | 1789700 | 10/15/2026 | OBFR | 35 bps | 1585100 | (204600) |
| JPM | Ecofin Global Utilities/Infrastructure Trust | GBP | 798458 | 10/15/2026 | SONIA | 35 bps | 815519 | 17061 |
| JPM | Edenred SE | EUR | 3003207 | 10/15/2026 | ESTRON | 35 bps | 2998117 | (5090) |
| JPM | GCP Infrastructure Investments, Ltd. | GBP | 10182 | 02/15/2027 | SONIA | 35 bps | 10458 | 276 |
| JPM | Global Opportunities Trust PLC | GBP | 1741 | 10/15/2026 | SONIA | 35 bps | 1721 | (20) |
| JPM | Grainger PLC | GBP | 113774 | 02/15/2027 | SONIA | 35 bps | 114246 | 472 |
| JPM | Gresham House Energy Storage Fund PLC | GBP | 79393 | 10/15/2026 | SONIA | 35 bps | 76257 | (3136) |
| JPM | HarbourVest Global Private Equity, Ltd. | GBP | 332398 | 10/15/2026 | SONIA | 35 bps | 331341 | (1057) |
| JPM | HBM Healthcare Investments AG | CHF | 1090478 | 10/15/2026 | SARON | 35 bps | 1123239 | $32761 |
| JPM | Hearts and Minds Investments, Ltd. | AUD | 2214392 | 12/15/2026 | RBACOR | 45 bps | 2186538 | (27854) |
| JPM | Henderson Smaller Companies Inv Trust PLC | GBP | 1880617 | 10/15/2026 | SONIA | 35 bps | 1965139 | 84522 |
| JPM | Herald Investment Trust PLC | GBP | 2326397 | 10/15/2026 | SONIA | 35 bps | 2281399 | (44998) |
| JPM | Impax Environmental Markets PLC | GBP | 3134633 | 10/15/2026 | SONIA | 35 bps | 3189081 | 54448 |
| JPM | Invesco Perpetual UK Smaller Companies Investment Trust PLC | USD | 305807 | 10/15/2026 | SONIA | 35 bps | 313940 | 8133 |
| JPM | IP Group PLC | GBP | 1235881 | 10/15/2026 | SONIA | 35 bps | 1274637 | 38756 |
| JPM | Life Science Reit PLC | GBP | 71962 | 10/15/2026 | SONIA | 35 bps | 81254 | 9292 |
| JPM | Malibu Life Holdings, Ltd. | USD | 180837 | 10/15/2026 | OBFR | 40 bps | 175342 | (5495) |
| JPM | Mercantile Investment Trust PLC | GBP | 2798486 | 10/15/2026 | SONIA | 35 bps | 2857233 | 58747 |
| JPM | Molten Ventures PLC | GBP | 1256393 | 10/15/2026 | SONIA | 35 bps | 1238007 | (18386) |
| JPM | Pantheon International PLC | GBP | 220934 | 10/15/2026 | SONIA | 35 bps | 216906 | (4028) |
| JPM | Partners Group Private Equity, Ltd. | EUR | 410603 | 10/15/2026 | ESTRON | 40 bps | 400779 | (9824) |
| JPM | Pengana International Equities, Ltd. | AUD | 551509 | 11/16/2026 | RBACOR | 45 bps | 534797 | (16712) |
| JPM | Polar Capital Technology Trust PLC | GBP | 4668678 | 10/15/2026 | SONIA | 35 bps | 4784192 | 115514 |
| JPM | PRS REIT PLC | GBP | 84461 | 10/15/2026 | SONIA | 35 bps | 84163 | (298) |
| JPM | RIT Capital Partners PLC | GBP | 1956052 | 10/15/2026 | SONIA | 35 bps | 1934024 | (22028) |
| JPM | Invesco Perpetual UK Smaller Companies Investment Trust PLC | GBP | 522031 | 10/15/2026 | SONIA | 35 bps | 582624 | 60593 |
| JPM | RM Infrastructure Income PLC | GBP | 215493 | 10/15/2026 | SONIA | 35 bps | 212072 | (3421) |
| JPM | Schroder AsiaPacific Fund PLC | GBP | 3589 | 10/15/2026 | SONIA | 35 bps | 3609 | 20 |
| JPM | Schroder UK Mid Cap Fund PLC | GBP | 1559808 | 10/15/2026 | SONIA | 35 bps | 1594279 | 34471 |
| JPM | Scottish American Investment Co. PLC | GBP | 119816 | 10/15/2026 | SONIA | 35 bps | 119125 | (691) |
| JPM | Scottish Oriental Smaller Companies Trust PLC | GBP | 31010 | 10/15/2026 | SONIA | 35 bps | 30785 | (225) |
| JPM | SDCL Efficiency Income Trust PLC | GBP | 2606345 | 10/15/2026 | SONIA | 35 bps | 2525371 | (80974) |
| JPM | Smithson Investment Trust PLC | GBP | 8666290 | 10/15/2026 | SONIA | 35 bps | 8290935 | (375355) |
| JPM | Syncona, Ltd. | GBP | 1126079 | 10/15/2026 | SONIA | 35 bps | 1110266 | (15813) |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**TOTAL RETURN SWAP CONTRACTS<sup>(a)</sup>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligations** | **Currency** | **Notional**<br> **Amount<sup>(b)</sup>** | **Termination**<br> **Date** | **Financing**<br> **Rate Index** | **Financing<br> Rate Spread<br> Paid/(Received)<br> by Fund**  | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Long Position Contracts** | **Long Position Contracts** |  |  |  |  |  |  |  |
| JPM | The Gore Street Energy Storage Fund PLC | GBP | 325063 | 10/15/2026 | SONIA | 35 bps | $329316 | $4253 |
| JPM | The Renewables Infrastructure Group, Ltd. | GBP | 202754 | 02/15/2027 | SONIA | 35 bps | 202163 | (591) |
| JPM | Utilico Emerging Markets Trust PLC | GBP | 454810 | 10/15/2026 | SONIA | 35 bps | 471170 | 16360 |
| JPM | VEF AB | SEK | 31936 | 10/15/2026 | STIBOR | 35 bps | 31045 | (891) |
| JPM | Vietnam Enterprise Investments, Ltd. | GBP | 26665 | 10/15/2026 | SONIA | 35 bps | 25376 | (1289) |
| JPM | VinaCapital Vietnam Opportunity Fund, Ltd. | GBP | 467624 | 10/15/2026 | SONIA | 35 bps | 451363 | (16261) |
| JPM | Vivendi SE | EUR | 1032382 | 01/15/2027 | ESTRON | 35 bps | 1014285 | (18097) |
| JPM | VPC Specialty Lending Investments PLC | GBP | 163186 | 10/15/2026 | SONIA | 35 bps | 158751 | $(4435) |
| JPM | Weibo Corp. | USD | 1998000 | 10/15/2026 | OBFR | 35 bps | 1904400 | (93600) |
| JPM | Workspace Group PLC | GBP | 1501496 | 10/15/2026 | SONIA | 35 bps | 1562972 | 61476 |
| **Total Long Position Contracts** | **Total Long Position Contracts** |  |  |  |  |  | $62969459 | $(282258) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligations** | **Currency** | **Notional**<br> **Amount<sup>(b)</sup>** | **Termination**<br> **Date** | **Financing**<br> **Rate Index** | **Financing<br> Rate Spread<br> Paid/(Received)<br> by Fund**  | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Short Position Contracts** | **Short Position Contracts** |  |  |  |  |  |  |  |
| JPM | 3i Group PLC | GBP | (71000) | 10/15/2026 | SONIA | (30) bps | (77675) | (6675) |
| JPM | 4imprint Group PLC | GBP | (112720) | 10/15/2026 | SONIA | (30) bps | (108084) | 4636 |
| JPM | Aalberts NV | EUR | (49287) | 10/15/2026 | ESTRON | (30) bps | (56214) | (6927) |
| JPM | AddTech AB | SEK | (136553) | 10/15/2026 | STIBOR | (35) bps | (124873) | 11680 |
| JPM | Advanced Medical Solutions Group PLC | GBP | (30313) | 02/15/2027 | SONIA | (30) bps | (29426) | 887 |
| JPM | Air Liquide SA | EUR | (104105) | 12/15/2026 | ESTRON | (30) bps | (104091) | 14 |
| JPM | AJ Bell PLC | GBP | (40018) | 10/15/2026 | SONIA | (30) bps | (41156) | (1138) |
| JPM | Alfa Financial Software Holdings PLC | GBP | (78061) | 10/15/2026 | SONIA | (30) bps | (78979) | (918) |
| JPM | Ambu A/S | DKK | (257212) | 10/15/2026 | CIBOR | (35) bps | (240536) | 16676 |
| JPM | Argenx SE | EUR | (302386) | 10/15/2026 | ESTRON | (30) bps | (305336) | (2950) |
| JPM | Ashtead Group PLC | GBP | (32563) | 02/15/2027 | SONIA | (30) bps | (28347) | 4216 |
| JPM | Ashtead Technology Holdings plc | GBP | (22685) | 10/15/2026 | SONIA | (315) bps | (28208) | (5523) |
| JPM | Atlas Copco AB | SEK | (6598) | 10/15/2026 | STIBOR | (35) bps | (6684) | (86) |
| JPM | Auction Technology Group PLC | GBP | (18131) | 10/15/2026 | SONIA | (30) bps | (17674) | 457 |
| JPM | Avon Technologies PLC | GBP | (35002) | 02/15/2027 | SONIA | (30) bps | (30913) | 4089 |
| JPM | Babcock International Group PLC | GBP | (98097) | 10/15/2026 | SONIA | (30) bps | (93721) | 4376 |
| JPM | Balfour Beatty PLC | GBP | (135308) | 10/15/2026 | SONIA | (30) bps | (135783) | (475) |
| JPM | Bankers Investment Trust PLC | GBP | (132708) | 10/15/2026 | SONIA | (30) bps | (118887) | 13821 |
| JPM | Barclays PLC | GBP | (19942) | 12/15/2026 | SONIA | (30) bps | (20311) | (369) |
| JPM | BE Semiconductor Industries NV | EUR | (87204) | 10/15/2026 | ESTRON | (30) bps | (85796) | 1408 |
| JPM | Beazley PLC | GBP | (43624) | 10/15/2026 | SONIA | (30) bps | (60386) | (16762) |
| JPM | Bellway PLC | GBP | (170779) | 10/15/2026 | SONIA | (30) bps | (169655) | 1124 |
| JPM | Bloomsbury Publishing PLC | GBP | (106190) | 10/15/2026 | SONIA | (30) bps | (108818) | (2628) |
| JPM | Bodycote PLC TRS | GBP | (63843) | 12/15/2026 | SONIA | (30) bps | (64317) | (474) |
| JPM | Borregaard ASA | NOK | (61488) | 02/15/2027 | NIBOR | (35) bps | (60612) | 876 |
| JPM | Breedon Group PLC | GBP | (33226) | 02/15/2027 | SONIA | (30) bps | (34035) | (809) |
| JPM | BT Group PLC | GBP | (18180) | 10/15/2026 | SONIA | (30) bps | (19284) | (1104) |
| JPM | Bytes Technology Group PLC | GBP | (9894) | 10/15/2026 | SONIA | (55) bps | (9049) | 845 |
| JPM | Cairn Homes PLC | GBP | (43797) | 10/15/2026 | SONIA | (30) bps | (43992) | (195) |
| JPM | Central Asia Metals PLC | GBP | (32493) | 10/15/2026 | SONIA | (30) bps | (37841) | (5348) |
| JPM | Chemring Group PLC | GBP | (207765) | 10/15/2026 | SONIA | (30) bps | (188654) | 19111 |

---

Quarterly Report \| January 31, 2026 23

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**TOTAL RETURN SWAP CONTRACTS<sup>(a)</sup>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligations** | **Currency** | **Notional**<br> **Amount<sup>(b)</sup>** | **Termination**<br> **Date** | **Financing**<br> **Rate Index** | **Financing<br> Rate Spread<br> Paid/(Received)<br> by Fund**  | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Short Position Contracts** | **Short Position Contracts** |  |  |  |  |  |  |  |
| JPM | Clarkson PLC | GBP | (26292) | 10/15/2026 | SONIA | (30) bps | $(26545) | $(253) |
| JPM | Cohort PLC | GBP | (101160) | 02/15/2027 | SONIA | (200) bps | (102225) | (1065) |
| JPM | Computacenter PLC | GBP | (78660) | 10/15/2026 | SONIA | (30) bps | (82789) | (4129) |
| JPM | Costain Group PLC | GBP | (39610) | 02/15/2027 | SONIA | (30) bps | (43709) | (4099) |
| JPM | Craneware PLC | GBP | (82743) | 02/15/2027 | SONIA | (30) bps | (70206) | 12537 |
| JPM | Cranswick PLC | GBP | (174280) | 10/15/2026 | SONIA | (30) bps | (186703) | (12423) |
| JPM | Croda International PLC | GBP | (205888) | 10/15/2026 | SONIA | (30) bps | (206874) | (986) |
| JPM | CVS Group PLC | GBP | (68983) | 10/15/2026 | SONIA | (30) bps | (67033) | 1950 |
| JPM | Delivery Hero SE | EUR | (14157) | 10/15/2026 | ESTRON | (30) bps | (13232) | 925 |
| JPM | DFS Furniture PLC | GBP | (43335) | 02/15/2027 | SONIA | (30) bps | (46651) | (3316) |
| JPM | Diploma PLC | GBP | (897306) | 10/15/2026 | SONIA | (30) bps | (852440) | 44866 |
| JPM | DiscoverIE Group PLC | GBP | (124228) | 10/15/2026 | SONIA | (30) bps | (132593) | (8365) |
| JPM | DSM-Firmenich AG | EUR | (78904) | 10/15/2026 | ESTRON | (30) bps | (78078) | 826 |
| JPM | Dunelm Group PLC | GBP | (104829) | 10/15/2026 | SONIA | (30) bps | (83144) | 21685 |
| JPM | EDP Renovaveis SA | EUR | (64155) | 10/15/2026 | ESTRON | (30) bps | (64256) | (101) |
| JPM | Elementis PLC | GBP | (54939) | 10/15/2026 | SONIA | (30) bps | (52847) | 2092 |
| JPM | Enav SpA | EUR | (37164) | 10/15/2026 | ESTRON | (30) bps | (38856) | (1692) |
| JPM | Enel SpA | EUR | (19576) | 10/15/2026 | ESTRON | (30) bps | (19871) | (295) |
| JPM | Entain PLC | GBP | (14126) | 10/15/2026 | SONIA | (30) bps | (11772) | 2354 |
| JPM | Eurofins Scientific SE | EUR | (103401) | 10/15/2026 | ESTRON | (30) bps | (96359) | 7042 |
| JPM | Everplay Group PLC | GBP | (56873) | 02/15/2027 | SONIA | (30) bps | (56187) | 686 |
| JPM | FBD Holdings PLC | EUR | (7038) | 02/15/2027 | ESTRON | (30) bps | (7239) | (201) |
| JPM | Ferrovial SE | EUR | (26236) | 10/15/2026 | ESTRON | (30) bps | (25819) | 417 |
| JPM | Fevertree Drinks PLC | GBP | (37779) | 10/15/2026 | SONIA | (30) bps | (39080) | (1301) |
| JPM | Future PLC | GBP | (48319) | 10/15/2026 | SONIA | (30) bps | (49933) | (1614) |
| JPM | Games Workshop Group PLC | GBP | (274846) | 10/15/2026 | SONIA | (30) bps | (251267) | 23579 |
| JPM | Gamma Communications PLC | GBP | (36802) | 10/15/2026 | SONIA | (30) bps | (36481) | 321 |
| JPM | GB Group PLC | GBP | (65424) | 10/15/2026 | SONIA | (30) bps | (66252) | (828) |
| JPM | Geberit AG | CHF | (464719) | 10/15/2026 | SARON | (35) bps | (432447) | 32272 |
| JPM | Genuit Group PLC | GBP | (56139) | 10/15/2026 | SONIA | (30) bps | (58059) | (1920) |
| JPM | Genus PLC | GBP | (50829) | 12/15/2026 | SONIA | (30) bps | (63865) | (13036) |
| JPM | GlobalData PLC | GBP | (48856) | 10/15/2026 | SONIA | (30) bps | (43888) | 4968 |
| JPM | Grafton Group PLC | GBP | (75605) | 10/15/2026 | SONIA | (30) bps | (76077) | (472) |
| JPM | Great Portland Estates PLC | GBP | (63806) | 12/15/2026 | SONIA | (30) bps | (72977) | (9171) |
| JPM | Greencore Group PLC | GBP | (85249) | 12/15/2026 | SONIA | (30) bps | (95104) | (9855) |
| JPM | Halma PLC | GBP | (380202) | 10/15/2026 | SONIA | (30) bps | (370786) | 9416 |
| JPM | Hermes International SCA | EUR | (21223) | 10/15/2026 | ESTRON | (30) bps | (19241) | 1982 |
| JPM | Hill & Smith PLC | GBP | (130851) | 10/15/2026 | SONIA | (30) bps | (127701) | 3150 |
| JPM | Hilton Food Group PLC | GBP | (30239) | 10/15/2026 | SONIA | (30) bps | (28799) | 1440 |
| JPM | HMS Networks AB | SEK | (223658) | 10/15/2026 | STIBOR | (35) bps | (227861) | (4203) |
| JPM | Hochschild Mining PLC | GBP | (36885) | 02/15/2027 | SONIA | (30) bps | (43706) | (6821) |
| JPM | Hollywood Bowl Group PLC | GBP | (82544) | 10/15/2026 | SONIA | (30) bps | (77320) | 5224 |
| JPM | Hunting PLC | GBP | (48539) | 10/15/2026 | SONIA | (30) bps | (53973) | (5434) |
| JPM | IG Group Holdings PLC | GBP | (45714) | 11/16/2026 | SONIA | (30) bps | (47360) | (1646) |
| JPM | IMI PLC | GBP | (61459) | 10/15/2026 | SONIA | (30) bps | (64741) | (3282) |
| JPM | Inchcape PLC | GBP | (49830) | 11/16/2026 | SONIA | (30) bps | (51829) | (1999) |
| JPM | Inficon Holding AG | CHF | (161053) | 10/15/2026 | SARON | (35) bps | (186066) | (25013) |

---

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**TOTAL RETURN SWAP CONTRACTS<sup>(a)</sup>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligations** | **Currency** | **Notional**<br> **Amount<sup>(b)</sup>** | **Termination**<br> **Date** | **Financing**<br> **Rate Index** | **Financing<br> Rate Spread<br> Paid/(Received)<br> by Fund**  | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Short Position Contracts** | **Short Position Contracts** |  |  |  |  |  |  |  |
| JPM | IntegraFin Holdings PLC | GBP | (179641) | 10/15/2026 | SONIA | (30) bps | $(185444) | $(5803) |
| JPM | International Workplace Group PLC | GBP | (65032) | 12/15/2026 | SONIA | (30) bps | (68642) | (3610) |
| JPM | Iren SpA | EUR | (21175) | 10/15/2026 | ESTRON | (30) bps | (21558) | (383) |
| JPM | Ithaca Energy PLC | GBP | (56045) | 10/15/2026 | SONIA | (30) bps | (60528) | (4483) |
| JPM | JET2 PLC | GBP | (54636) | 10/15/2026 | SONIA | (30) bps | (51710) | 2926 |
| JPM | Johnson Service Group PLC | GBP | (27950) | 10/15/2026 | SONIA | (30) bps | (29024) | (1074) |
| JPM | JTC PLC | GBP | (77826) | 10/15/2026 | SONIA | (30) bps | (78067) | (241) |
| JPM | Just Group PLC | GBP | (156436) | 10/15/2026 | SONIA | (85) bps | (156075) | 361 |
| JPM | Kering SA | EUR | (16862) | 10/15/2026 | ESTRON | (30) bps | (14403) | 2459 |
| JPM | Kingspan Group PLC | EUR | (74595) | 10/15/2026 | ESTRON | (30) bps | (76843) | (2248) |
| JPM | LondonMetric Property PLC | GBP | (74776) | 10/15/2026 | SONIA | (30) bps | (76263) | (1487) |
| JPM | Luceco PLC | GBP | (69405) | 10/15/2026 | SONIA | (30) bps | (83842) | (14437) |
| JPM | ME Group International PLC | GBP | (37468) | 10/15/2026 | SONIA | (30) bps | (36417) | 1051 |
| JPM | Mears Group PLC | GBP | (29567) | 02/15/2027 | SONIA | (30) bps | (30956) | (1389) |
| JPM | Melexis NV | EUR | (128893) | 10/15/2026 | ESTRON | (30) bps | (130427) | (1534) |
| JPM | Mitchells & Butlers PLC | GBP | (51366) | 02/15/2027 | SONIA | (30) bps | (48863) | 2503 |
| JPM | Mitie Group PLC | GBP | (101704) | 12/15/2026 | SONIA | (30) bps | (102561) | (857) |
| JPM | Moncler SpA | EUR | (447437) | 10/15/2026 | ESTRON | (30) bps | (411888) | 35549 |
| JPM | MONY Group PLC | GBP | (60039) | 10/15/2026 | SONIA | (30) bps | (59751) | 288 |
| JPM | Moonpig Group PLC | GBP | (68059) | 10/15/2026 | SONIA | (30) bps | (70525) | (2466) |
| JPM | Morgan Sindall Group PLC | GBP | (241798) | 10/15/2026 | SONIA | (30) bps | (246294) | (4496) |
| JPM | Mortgage Advice Bureau Holdings, Ltd. | GBP | (55191) | 10/15/2026 | SONIA | (30) bps | (61498) | (6307) |
| JPM | National Grid PLC | GBP | (82486) | 10/15/2026 | SONIA | (30) bps | (88279) | (5793) |
| JPM | Nemetschek SE | EUR | (231411) | 10/15/2026 | ESTRON | (30) bps | (190566) | 40845 |
| JPM | Nibe Industrier AB | SEK | (33755) | 02/15/2027 | STIBOR | (35) bps | (31219) | 2536 |
| JPM | Nordic Semiconductor ASA | NOK | (46473) | 02/15/2027 | NIBOR | (35) bps | (43803) | 2670 |
| JPM | OSB Group PLC | GBP | (100585) | 10/15/2026 | SONIA | (30) bps | (99284) | 1301 |
| JPM | Oxford Instruments PLC | GBP | (144708) | 10/15/2026 | SONIA | (30) bps | (165427) | (20719) |
| JPM | Pan African Resources PLC | GBP | (54667) | 02/15/2027 | SONIA | (30) bps | (57816) | (3149) |
| JPM | Paragon Banking Group PLC | GBP | (221659) | 10/15/2026 | SONIA | (30) bps | (223929) | (2270) |
| JPM | PayPoint PLC | GBP | (45626) | 10/15/2026 | SONIA | (30) bps | (52752) | (7126) |
| JPM | Plus500, Ltd. | GBP | (68152) | 11/16/2026 | SONIA | (30) bps | (75179) | (7027) |
| JPM | Polar Capital Holdings PLC | GBP | (44026) | 02/15/2027 | SONIA | (30) bps | (46629) | (2603) |
| JPM | Pollen Street Group, Ltd. | GBP | (12903) | 02/15/2027 | SONIA | (30) bps | (12875) | 28 |
| JPM | Porvair PLC | GBP | (62488) | 10/15/2026 | SONIA | (30) bps | (60772) | 1716 |
| JPM | Premier Foods PLC | GBP | (110385) | 10/15/2026 | SONIA | (30) bps | (124051) | (13666) |
| JPM | Prysmian SpA | EUR | (54409) | 10/15/2026 | ESTRON | (30) bps | (63345) | (8936) |
| JPM | QinetiQ Group PLC | GBP | (77616) | 10/15/2026 | SONIA | (30) bps | (77461) | 155 |
| JPM | Rational AG | EUR | (429012) | 10/15/2026 | ESTRON | (30) bps | (429963) | (951) |
| JPM | RaySearch Laboratories AB | SEK | (31787) | 02/15/2027 | STIBOR | (35) bps | (28186) | 3601 |
| JPM | Recordati Industria Chimica e Farmaceutica SpA | EUR | (348241) | 10/15/2026 | ESTRON | (30) bps | (336057) | 12184 |
| JPM | Reply SpA | EUR | (127271) | 10/15/2026 | ESTRON | (30) bps | (121441) | 5830 |
| JPM | Rotork PLC | GBP | (84125) | 11/16/2026 | SONIA | (30) bps | (88796) | (4671) |
| JPM | RWE AG | EUR | (39749) | 10/15/2026 | ESTRON | (30) bps | (44091) | (4342) |

---

Quarterly Report \| January 31, 2026 25

Saba Capital Income & Opportunities Fund II Consolidated Schedule of Investments <br> January 31, 2026 (Unaudited)

**TOTAL RETURN SWAP CONTRACTS<sup>(a)</sup>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligations** | **Currency** | **Notional**<br> **Amount<sup>(b)</sup>** | **Termination**<br> **Date** | **Financing**<br> **Rate Index** | **Financing<br> Rate Spread<br> Paid/(Received)<br> by Fund**  | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Short Position Contracts** | **Short Position Contracts** |  |  |  |  |  |  |  |
| JPM | Sabre Insurance Group PLC | GBP | (23945) | 10/15/2026 | SONIA | (30) bps | $(23835) | $110 |
| JPM | Safestore Holdings PLC | GBP | (73535) | 02/15/2027 | SONIA | (30) bps | (79236) | (5701) |
| JPM | Savills PLC | GBP | (33292) | 02/15/2027 | SONIA | (30) bps | (35254) | (1962) |
| JPM | Serco Group PLC | GBP | (262982) | 10/15/2026 | SONIA | (30) bps | (271675) | (8693) |
| JPM | Serica Energy PLC | GBP | (27753) | 10/15/2026 | SONIA | (30) bps | (30599) | (2846) |
| JPM | SGS SA | CHF | (6288) | 10/15/2026 | SARON | (35) bps | (6122) | 166 |
| JPM | Siemens Energy AG | EUR | (34919) | 02/15/2027 | ESTRON | (30) bps | (38723) | (3804) |
| JPM | SigmaRoc PLC | GBP | (205863) | 10/15/2026 | SONIA | (120) bps | (224379) | (18516) |
| JPM | Sirius Real Estate, Ltd. | GBP | (71936) | 10/15/2026 | SONIA | (30) bps | (71283) | 653 |
| JPM | Snam SpA | EUR | (24395) | 10/15/2026 | ESTRON | (30) bps | (24694) | (299) |
| JPM | Softcat PLC | GBP | (68024) | 11/16/2026 | SONIA | (30) bps | (66490) | 1534 |
| JPM | Spirax Group PLC | GBP | (417650) | 10/15/2026 | SONIA | (30) bps | (432534) | (14884) |
| JPM | SSE PLC | GBP | (34935) | 10/15/2026 | SONIA | (30) bps | (37615) | (2680) |
| JPM | Sword Group | EUR | (13883) | 10/15/2026 | ESTRON | (190) bps | (13585) | 298 |
| JPM | TBC Bank Group PLC | GBP | (38352) | 12/15/2026 | SONIA | (30) bps | (41581) | (3229) |
| JPM | Telecom Plus PLC | GBP | (175953) | 10/15/2026 | SONIA | (30) bps | (172330) | 3623 |
| JPM | Trainline PLC | GBP | (32775) | 02/15/2027 | SONIA | (30) bps | (31101) | 1674 |
| JPM | Trustpilot Group PLC | GBP | (91261) | 10/15/2026 | SONIA | (30) bps | (79973) | 11288 |
| JPM | Universal Music Group NV | EUR | (327628) | 01/15/2027 | ESTRON | (30) bps | (306438) | 21190 |
| JPM | Veolia Environnement SA | EUR | (123813) | 10/15/2026 | ESTRON | (30) bps | (132349) | (8536) |
| JPM | Volution Group PLC | GBP | (107885) | 10/15/2026 | SONIA | (30) bps | (107051) | 834 |
| JPM | Wickes Group PLC | GBP | (21516) | 02/15/2027 | SONIA | (30) bps | (22098) | (582) |
| JPM | Wise PLC | GBP | (87578) | 10/15/2026 | SONIA | (30) bps | (100531) | (12953) |
| JPM | XPS Pensions Group PLC | GBP | (183243) | 10/15/2026 | SONIA | (30) bps | (188697) | (5454) |
| JPM | YouGov PLC | GBP | (14211) | 10/15/2026 | SONIA | (30) bps | (14007) | 204 |
| JPM | Zigup PLC | GBP | (18720) | 02/15/2027 | SONIA | (30) bps | (19121) | (401) |
| **Total Short Position Contracts** | **Total Short Position Contracts** |  |  |  |  |  | $(14614379) | $21016 |

---

*All Reference Obligations shown above for Total Return Swap Contracts are closed end funds and common stock.*

*<sup>(a)</sup>* *The Fund receives monthly payments based on any positive monthly return of the Reference Obligation. The Fund makes payments on any negative monthly return of such Reference Obligation.*

*<sup>(b)</sup>* *Notional amounts are presented in U.S. dollar equivalent.*

Saba Capital Income & Opportunities Fund II Notes to Consolidated Financial Statements <br> January 31, 2026 (Unaudited)

The following table summarizes the valuation of the Fund's financial instruments in accordance with the fair value hierarchy levels as of January 31, 2026. Refer to the Consolidated Schedule of Investments for additional details.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities, at Fair Value** | **Level 1 - Quoted Prices** | **Level 2 - Significant**<br> **Observable Inputs** | **Level 3 - Significant**<br> **Unobservable Inputs** | **Total** |
| Corporate Bonds | $- | $22283244 | $- | $22283244 |
| Senior Loans |  | 25612547 |  | 25612547 |
| Convertible Corporate Bonds |  | 1078094 | 3523777 | 4601871 |
| Mortgage-Backed Security |  | 3558209 |  | 3558209 |
| Common Stock | 30962165 | 47900 | 21016 | 31031081 |
| Closed End Funds | 12746759 |  |  | 12746759 |
| Investment Trusts | 1271958 |  |  | 1271958 |
| Preferred Stock | 668443 |  | 1208109 | 1876552 |
| Participation Agreement |  |  | 867898 | 867898 |
| Private Funds\* |  |  |  | 58145258 |
| Unit Trust | 8699916 |  |  | 8699916 |
| Special Purpose Acquisition Companies\*\* | 8161040 |  | 8090934 | 16251974 |
| Digital Asset Treasury Companies |  |  | 638785 | 638785 |
| Warrants\*\* | 528081 |  | 2555586 | 3083667 |
| Rights | 37277 |  |  | 37277 |
| Options\*\*\* | 5556401 |  |  | 5556401 |
| Money Market Funds | 18587605 | - | - | 18587605 |
| Total | $87219645 | $52579994 | $16906105 | $214851002 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securities Sold Short, at Fair Value** | **Level 1 - Quoted Prices** | **Level 2 - Significant**<br> **Observable Inputs** | **Level 3 - Significant**<br> **Unobservable Inputs** | **Total** |
| Corporate Bonds | $- | $11755938 | $- | $11755938 |
| Sovereign Debt Obligations |  | 96591213 |  | 96591213 |
| Common Stock | 21925073 |  |  | 21925073 |
| Closed End Funds | 8012 |  |  | 8012 |
| Exchange Traded Funds | 34306319 |  |  | 34306319 |
| Preferred Stock | 77866 | - | - | 77866 |
| Total | $56317270 | $108347151 | $- | $164664421 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Derivative Contracts, at Fair Value** | **Level 1 - Quoted Prices** | **Level 2 - Significant**<br> **Observable Inputs** | **Level 3 - Significant**<br> **Unobservable Inputs** | **Total** |
| **Assets** |  |  |  |  |
| Simple Agreement For Future Equity Contracts | $- | $- | $2375006 | $2375006 |
| Forward Foreign Currency Contracts |  | 543101 |  | 543101 |
| Futures Contracts | 401683 |  |  | 401683 |
| Centrally Cleared Credit Default Swaps |  | 16874551 |  | 16874551 |
| Over the Counter Credit Default Swaps |  | 836510 |  | 836510 |
| Total Return Swaps | - | 1220534 | - | 1220534 |
| Total Assets | $401683 | $19474696 | $2375006 | $22251385 |
| **Liabilities** |  |  |  |  |
| Forward Foreign Currency Contracts | $- | $519752 | $- | $519752 |
| Futures Contracts | 310689 |  |  | 310689 |
| TBA MBS forward contracts |  | 13730 |  | 13730 |
| Centrally Cleared Credit Default Swaps |  | 9138798 |  | 9138798 |
| Over the Counter Credit Default Swaps |  | 398552 |  | 398552 |
| Total Return Swaps | - | 1481776 | - | 1481776 |
| Total Liabilities | $310689 | $11552608 | $- | $11863297 |

---

*\** *In accordance with ASC 820-10, investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Schedule of Investments and Consolidated Statement of Assets and Liabilities.*

*\*\** *The Fund held Level 3 investments that are priced at $0.*

*\*\*\** *All options held by the Fund are exchange traded listed options.*

Quarterly Report \| January 31, 2026 27

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Saba Capital Income & Opportunities Fund II

- **b. Investment Company Act file number:** 811-05459

- **c. CIK number of Registrant:** 0000828803

- **d. LEI of Registrant:** QU1AAXOSV5K4OVMXJP19

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

  - **Street Address 1:** 405 Lexington Avenue 58th Floor

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10174

  - **Telephone number:** 212-542-4644

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

- **a. Name of Series:** Saba Capital Income & Opportunities Fund II

- **c. LEI of Series:** QU1AAXOSV5K4OVMXJP19

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $608537799.40

**Total Liabilities:** $347782449.31

**Net Assets:** $260755350.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 850.13744177 | **5-Year:** 22809.09091623 | **10-Year:** 511.76669700 | **30-Year:** 28963.00000000

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

- **3-Month:** 130.11400100 | **1-Year:** 101.93907985 | **5-Year:** 38745.01105465 | **10-Year:** 996.26012000 | **30-Year:** 61.65052400

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.77%                | -4.45%               | -0.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $769195.65               | $-86874.75                                 |
| Month 2  | $-443347.14              | $-2572390.87                               |
| Month 3  | $1033633.27              | $-1598542.49                               |

**Designated Index Information**

- **Index Name:** Markit iBoxx USD Liquid High Yield Index

- **Index Identifier:** IBOXHY

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Global Auto Ho/aag Fh Uk                                                         | Global Auto Holdings, Ltd./AAG FH UK, Ltd.                                       | CUSIP: 00033GAB1<br>LEI: 98450091563BF7M9DC47 | Short            | DBT              | CORP              | GB        |   -883000 | PA      | $-854805.37   | -0.33%            | 2032-01-15      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Altice France Sa                                                                 | Altice France SA                                                                 | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    560975 | PA      | $548075.38    | 0.21%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: CAD 02/09/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $293836.00    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: EUR 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-6990769.00  | -2.68%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: EUR 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-4632795.00  | -1.78%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: EUR 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-2375792.00  | -0.91%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: EUR 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-100971.00   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: GBP 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $18430595.00  | 7.07%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: GBP 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $4701457.00   | 1.80%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: GBP 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-4104809.00  | -1.57%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: GBP 03/20/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $957789.00    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Rmmc Ln Trs:bndmjp1                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $582624.07    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: AUD 04/02/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-6676844.00  | -2.56%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: AUD 04/02/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $2227935.00   | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: CHF 04/02/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-520807.00   | -0.20%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: JPY 04/02/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-1571364.00  | -0.60%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: SEK 04/02/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-1351315.00  | -0.52%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                              | Forward Contracts: SEK 04/02/2026                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-1576534.00  | -0.60%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | FNCL 5.5 3/26 TBA CFD MSFTA                                                      | CUSIP: TRF052631<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |         1 | NC      | $-13757.51    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| 1261229 Bc Ltd                                                                   | 1261229 BC, Ltd.                                                                 | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    880243 | PA      | $860437.27    | 0.33%             | 2030-10-08      | Floating      | 9.92%                 | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gftu Ln Trs:b00mz44                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-76076.74    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| Biocon Biologics Global                                                          | Biocon Biologics Global PLC                                                      | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Short            | DBT              | CORP              | GB        |   -732000 | PA      | $-743165.64   | -0.29%            | 2029-10-09      | Fixed         | 6.67%                 | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Iem Ln Trs:3123249                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $3189080.88   | 1.22%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Uem Ln Trs:bd45s96                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $471169.91    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Smithson Investment Trust PLC TRS                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $8290934.77   | 3.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Chs/community Health Sys                                                         | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    168000 | PA      | $154687.18    | 0.06%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Chs/community Health Sys                                                         | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    400000 | PA      | $330370.20    | 0.13%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           | 2                  | On Loan: No      |
| Chs/community Health Sys                                                         | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1692000 | PA      | $1765360.55   | 0.68%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           | 2                  | On Loan: No      |
| Csc Holdings Llc                                                                 | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    270000 | PA      | $161159.98    | 0.06%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Caesars Entertain Inc                                                            | Caesars Entertainment, Inc.                                                      | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    553000 | PA      | $566195.52    | 0.22%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Scp Ln Trs:0610841                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1594279.22   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Brsc Ln Trs:0643610                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $2905603.92   | 1.11%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Cvsg Ln Trs:b286382                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-67032.55    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bby Ln Trs:0096162                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-135783.20   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Dscv Ln Trs:0005588                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-132593.37   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bmy Ln Trs:3314775                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-108817.57   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bgfd Ln Trs:0048583                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $337461.50    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bwy Ln Trs:0090498                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-169654.77   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ckn Ln Trs:0201836                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-26545.48    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ccc Ln Trs:bv9fp30                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-82789.01    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Chg Ln Trs:b45c9x4                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-188653.89   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Dplm Ln Trs:0182663                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-852440.44   | -0.33%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Basc Ln Trs:0346340                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $930120.21    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gaw Ln Trs:0371847                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-251267.09   | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hsl Ln Trs:0906506                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1965138.96   | 0.75%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Htg Ln Trs:0447889                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-53973.10    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Imi Ln Trs:bglp8l2                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-64740.58    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Icp Ln Trs:byt1dj1                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-118887.33   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ipu Ln Trs:b1fl3c7                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $313940.26    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Recv Inch Ln Trs:b61tvq0                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-51829.39    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Mgns Ln Trs:0808561                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-246294.25   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Oxig Ln Trs:0665045                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-165427.47   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Tep Ln Trs:0879471                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-172330.15   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pct Ln Trs:0422002                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $4784192.01   | 1.83%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ker Fp Trs:5505072                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $-14403.12    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| X Corp                                                                           | X Corp.                                                                          | CUSIP: 90184NAK4<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |   1462600 | PA      | $1516350.55   | 0.58%             | 2029-10-29      | Floating      | 9.50%                 | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Atg Ln Trs:bmvqdz6                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-17673.81    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ausc Ln Trs:0295958                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $650740.44    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Caml Ln Trs:b67kbv2                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-37841.23    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Recv Gns Ln Trs:0207458                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-63865.03    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Four Ln Trs:0664097                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-108083.91   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Futr Ln Trs:byzn904                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-49933.21    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                             | Clear Channel Outdoor Holdings, Inc.                                             | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1138000 | PA      | $1127818.77   | 0.43%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Att Ln Trs:bng2m15                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $2346318.47   | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Aberdeen Diversified Income and Growth Trust PLC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $957145.85    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Baillie Gifford UK Growth Trust PLC                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $56371.89     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Mercantile Investment Trust PLC                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $2863572.47   | 1.10%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Herald Investment Trust PLC                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $2281399.41   | 0.87%             |  |  |  | No            | 2                  | On Loan: No      |
| Compass Group Diversifie                                                         | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   1290831 | PA      | $1204582.96   | 0.46%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| REVLON INTERMEDIATE HOLDINGS IV LLC                                              | Revlon Intermediate Holdings IV LLC, Term Loan                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6049890 | PA      | $5983099.21   | 2.29%             | 2028-05-02      | Floating      | 10.50%                | No            | 2                  | On Loan: No      |
| Credit Suisse Ag                                                                 | UBS AG/London                                                                    | CUSIP: 22546VH58<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |      8000 | PA      | $6853.93      | 0.00%             | 2030-07-31      | Variable      | 13.30%                | No            | 2                  | On Loan: No      |
| Ubs Ag London                                                                    | UBS AG/London                                                                    | CUSIP: 22546VJG2<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |     54000 | PA      | $47508.20     | 0.02%             | 2030-08-28      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| Ubs Ag London                                                                    | UBS AG/London                                                                    | CUSIP: 22546VMD5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |      4000 | PA      | $3270.18      | 0.00%             | 2030-09-30      | Variable      | 5.81%                 | No            | 2                  | On Loan: No      |
| Ubs Ag London                                                                    | UBS AG/London                                                                    | CUSIP: 22546VNQ5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |     22000 | PA      | $19174.04     | 0.01%             | 2030-10-30      | Variable      | 7.43%                 | No            | 2                  | On Loan: No      |
| Ubs Ag London                                                                    | UBS AG/London                                                                    | CUSIP: 22546VTV8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |     82000 | PA      | $69484.91     | 0.03%             | 2031-01-29      | Variable      | 7.71%                 | No            | 2                  | On Loan: No      |
| Ubs Ag London                                                                    | UBS AG/London                                                                    | CUSIP: 22548Q2R5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |     54000 | PA      | $48021.69     | 0.02%             | 2031-04-29      | Variable      | 10.59%                | No            | 2                  | On Loan: No      |
| Vortex Opco Llc                                                                  | Vortex Opco LLC                                                                  | CUSIP: G9158TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1734000 | PA      | $1860582.00   | 0.71%             | 2030-04-30      | Floating      | 9.92%                 | No            | 2                  | On Loan: No      |
| N/A                                                                              | MIO ESCROW                                                                       | CUSIP: 723ESC018<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4798 | NS      | $863.64       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | MAV ESCROW                                                                       | CUSIP: 723ESC026<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39278 | NS      | $17675.10     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | MHI ESCROW                                                                       | CUSIP: 723ESC034<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24447 | NS      | $9045.39      | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Anni Ln Trs:0604877                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $40492.44     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Infomart Corp                                                                    | Infomart Corp.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | JP        |    -17167 | NS      | $-50138.82    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Qq/ Ln Trs:b0wmwd0                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-77461.06    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| Trump Media & Technology                                                         | Trump Media & Technology Group Corp.                                             | CUSIP: 25400QAA3<br>LEI: 6488S3A83U2SRQ48O215 | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1078094.34   | 0.41%             | 2028-05-29      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Dish Network Corp                                                                | DISH Network Corp.                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1811348.35   | 0.69%             | 2027-11-15      | Fixed         | 11.75%                | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gama Ln Trs:bqs10j5                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-36481.40    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Rr Donnelley & Sons Co                                                           | RR Donnelley & Sons Co.                                                          | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |   2254000 | PA      | $2317838.92   | 0.89%             | 2029-08-01      | Fixed         | 10.88%                | Yes           | 2                  | On Loan: No      |
| Sanofi Sa                                                                        | Sanofi SA                                                                        | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | N/A              | DE               | CORP              | FR        |     -5225 | NC      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Novo Nordisk A/s                                                                 | Novo Nordisk A/S                                                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | N/A              | DE               | CORP              | DK        |     -1390 | NC      | $-8340.00     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Hyperliquid Strategies Inc                                                       | Hyperliquid Strategies, Inc.                                                     | CUSIP: N/A<br>LEI: 98450073FF7E1B63N260       | N/A              | DE               | CORP              | US        |      -433 | NC      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Monotaro Co Ltd                                                                  | MonotaRO Co., Ltd.                                                               | CUSIP: N/A<br>LEI: 5299005JUER5ANXWTC33       | Short            | EC               | CORP              | JP        |     -8162 | NS      | $-110305.14   | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Fannie Mae                                                                       | FNMA, Series 23-52, Class IO                                                     | CUSIP: 3136BQQE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5942908 | PA      | $1154886.54   | 0.44%             | 2051-05-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae REMICS                                                                | CUSIP: 3136BWCN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14721804 | PA      | $524219.89    | 0.20%             | 2055-06-25      | Floating      | 1.30%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137HF2W4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15342031 | PA      | $429331.39    | 0.16%             | 2054-08-25      | Floating      | 1.25%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137HHBT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6879489 | PA      | $201699.06    | 0.08%             | 2054-11-25      | Floating      | 1.10%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137HK4E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6441782 | PA      | $212583.32    | 0.08%             | 2055-03-25      | Floating      | 1.48%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137HLZ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10912790 | PA      | $424669.03    | 0.16%             | 2055-07-25      | Floating      | 1.35%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac REMICS                                                               | CUSIP: 3137HN3H9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12836341 | PA      | $610819.84    | 0.23%             | 2055-09-25      | Floating      | 1.45%                 | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bowl Ln Trs:bd0nvk6                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-77319.73    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Egl Ln Trs:bd3v464                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $815561.62    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Money Forward Inc                                                                | Money Forward, Inc.                                                              | CUSIP: N/A<br>LEI: 35380017JS3GIGP6WN95       | Short            | EC               | CORP              | JP        |     -2141 | NS      | $-53995.37    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | M3 Brigade Sponsor VI Class A                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     85721 | NS      | $116580.56    | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | M3 Brigade Sponsor VI Class B                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    114295 | NS      | $38860.30     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Gogo Intermediate Holdin                                                         | Gogo Intermediate Holdings LLC                                                   | CUSIP: 38046JAB0<br>LEI: 2549003PQSV921SNHM89 | Long             | LON              | CORP              | US        |    986365 | PA      | $879590.99    | 0.34%             | 2028-04-28      | Floating      | 7.54%                 | No            | 2                  | On Loan: No      |
| Wingarc1st Inc                                                                   | WingArc1st, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | JP        |     -1896 | NS      | $-39939.00    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Icahn Enterprises/fin                                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102BZ9<br>LEI: 549300T0G4GS0SINS786 | Short            | DBT              | CORP              | US        |  -2890000 | PA      | $-2860758.69  | -1.10%            | 2027-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Icahn Enterprises/fin                                                            | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CC9<br>LEI: 549300T0G4GS0SINS786 | Short            | DBT              | CORP              | US        |   -355000 | PA      | $-313781.27   | -0.12%            | 2029-02-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pia At Trs:byw6809                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | AU        |         1 | NC      | $534796.60    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Invesco S&p 500 Equal Weight Etf                                                 | Invesco S&P 500 Equal Weight ETF                                                 | CUSIP: 46137V357<br>LEI: 549300F8VBQFIX481R47 | Short            | EC               | RF                | US        |     -4136 | NS      | $-819258.88   | -0.31%            |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | iShares Bitcoin Trust ETF                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       104 | NC      | $4264.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | iShares Bitcoin Trust ETF                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        65 | NC      | $24700.00     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Labl Inc                                                                         | LABL, Inc.                                                                       | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $1258954.69   | 0.48%             | 2031-10-01      | Fixed         | 8.62%                 | Yes           | 2                  | On Loan: No      |
| Level 3 Financing Inc                                                            | Level 3 Financing, Inc.                                                          | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1291800 | PA      | $1189452.37   | 0.46%             | 2030-10-15      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| Level 3 Financing Inc                                                            | Level 3 Financing, Inc.                                                          | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    295000 | PA      | $302488.84    | 0.12%             | 2036-01-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Bath & Body Works Inc                                                            | Bath & Body Works, Inc.                                                          | CUSIP: 532716AN7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1137000 | PA      | $1133889.74   | 0.43%             | 2037-07-15      | Fixed         | 7.60%                 | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Wise Ln Trs:bl9yr75                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-100531.10   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.Crew                                                                           | J.Crew 9/24 TLB 1L                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5064591 | PA      | $4050609.50   | 1.55%             | 2031-09-17      | Floating      | 9.67%                 | No            | 2                  | On Loan: No      |
| The Options Clearing Corporation                                                 | S&P 500 INDEX-SPX US 04/17/26 P6825                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        86 | NC      | $1189810.00   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Strategy Inc                                                                     | Strategy, Inc.                                                                   | CUSIP: 594972861<br>LEI: 549300WQTWEJUEHXQX21 | Short            | EP               | CORP              | US        |     -1069 | NS      | $-77865.96    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | S&P 500 INDEX-SPX US 04/17/26 P6980                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        37 | NC      | $697709.00    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | S&P 500 INDEX-SPX US 04/17/26 P6830                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       117 | NC      | $1492920.00   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | S&P 500 INDEX-SPX US 04/17/26 P6760                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        22 | NC      | $270050.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | Russell 2000 Index/Old-RUT US 03/20/26 P2570                                     | CUSIP: 5ZL99VDW5<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        10 | NC      | $65000.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | Russell 2000 Index/Old-RUT US 04/17/26 P2650                                     | CUSIP: 5ZL99VM62<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        33 | NC      | $348348.00    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | Russell 2000 Index/Old-RUT US 04/17/26 P2660                                     | CUSIP: 5ZL99VM70<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        27 | NC      | $312390.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | Russell 2000 Index/Old-RUT US 04/17/26 P2620                                     | CUSIP: 5ZL99VMR6<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        51 | NC      | $515763.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | Russell 2000 Index/Old-RUT US 04/17/26 P2630                                     | CUSIP: 5ZL99VMS4<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        32 | NC      | $315936.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| The Options Clearing Corporation                                                 | Russell 2000 Index/Old-RUT US 04/17/26 P2590                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        33 | NC      | $290400.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Modivcare Inc                                                                    | ModivCare, Inc.                                                                  | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |    954417 | PA      | $377591.38    | 0.14%             | 2031-07-01      | Floating      | 6.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                   | CUSIP: 61760QFA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10873.29     | 0.00%             | 2034-09-30      | Variable      | 5.57%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                   | CUSIP: 61760QFJ8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     19000 | PA      | $14612.20     | 0.01%             | 2034-11-28      | Variable      | 4.96%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                   | CUSIP: 61760QFP4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15952.82     | 0.01%             | 2035-01-30      | Variable      | 6.36%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                   | CUSIP: 61760QJG0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     55000 | PA      | $49822.07     | 0.02%             | 2031-01-29      | Variable      | 7.71%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                   | CUSIP: 61760QJN5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3170.82      | 0.00%             | 2036-02-29      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAE1<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4092.29      | 0.00%             | 2036-06-30      | Variable      | 7.93%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAF8<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     22000 | PA      | $18118.75     | 0.01%             | 2036-07-29      | Variable      | 10.00%                | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAL5<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6186.26      | 0.00%             | 2036-08-31      | Variable      | 9.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAM3<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      9000 | PA      | $7973.41      | 0.00%             | 2036-08-31      | Variable      | 15.92%                | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAS0<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1443.88      | 0.00%             | 2036-10-31      | Variable      | 23.88%                | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAV3<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2695.93      | 0.00%             | 2036-11-29      | Variable      | 9.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAY7<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6186.05      | 0.00%             | 2036-12-30      | Variable      | 10.00%                | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YAZ4<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     56000 | PA      | $49025.09     | 0.02%             | 2037-01-31      | Variable      | 18.00%                | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YBA8<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     36000 | PA      | $29648.00     | 0.01%             | 2037-02-28      | Variable      | 11.47%                | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YBJ9<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     49000 | PA      | $42882.88     | 0.02%             | 2037-05-31      | Variable      | 9.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YBP5<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12921.39     | 0.00%             | 2037-06-30      | Variable      | 9.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YBS9<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |     51000 | PA      | $41006.52     | 0.02%             | 2037-07-31      | Variable      | 8.00%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Fin Llc                                                           | Morgan Stanley Finance LLC                                                       | CUSIP: 61766YBY6<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |    198000 | PA      | $164077.49    | 0.06%             | 2037-09-29      | Variable      | 8.00%                 | No            | 2                  | On Loan: No      |
| Moss Creek Resources Hld                                                         | Moss Creek Resources Holdings, Inc.                                              | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    392000 | PA      | $381389.62    | 0.15%             | 2031-09-01      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Dnlm Ln Trs:b1ckq73                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-83143.69    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| The Options Clearing Corporation                                                 | S&P 500 INDEX-SPX US 04/17/26 P6755                                              | CUSIP: 680993F80<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               | CORP              | US        |        62 | NC      | $752680.00    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| 1261229 Bc Ltd                                                                   | 1261229 BC, Ltd.                                                                 | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1557000 | PA      | $1599606.06   | 0.61%             | 2032-04-15      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Byit Ln Trs:bmh18q1                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-9048.93     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Procap Financial Inc                                                             | Procap Financial, Inc.                                                           | CUSIP: 74277PAA3<br>LEI: 529900QQ65IVMAFGA795 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1746000.00   | 0.67%             | 2028-12-05      | None          | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Six Flags Entertainme                                                            | Six Flags Entertainment Corp.                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    793000 | PA      | $783427.06    | 0.30%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Staples Inc                                                                      | Staples, Inc.                                                                    | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1369000 | PA      | $1346361.94   | 0.52%             | 2029-09-01      | Fixed         | 10.75%                | Yes           | 2                  | On Loan: No      |
| Star Parent Inc                                                                  | Star Parent, Inc.                                                                | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Short            | DBT              | CORP              | US        |  -2867000 | PA      | $-3041984.48  | -1.17%            | 2030-10-01      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| Terrestrial Energy Inc                                                           | Terrestrial Energy, Inc.                                                         | CUSIP: 881454110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     12004 | NC      | $49696.56     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Amc Entertainment Hldgs                                                          | AMC Entertainment Holdings, Inc.                                                 | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   1752716 | PA      | $1744714.93   | 0.67%             | 2029-01-04      | Floating      | 10.68%                | No            | 2                  | On Loan: No      |
| Us Treasury N/b                                                                  | U.S. Treasury Note                                                               | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        | -65254000 | PA      | $-65213216.25 | -25.01%           | 2028-01-31      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Us Treasury N/b                                                                  | U.S. Treasury Note                                                               | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        | -15140000 | PA      | $-14831286.32 | -5.69%            | 2035-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Us Treasury N/b                                                                  | U.S. Treasury Note                                                               | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        | -16677000 | PA      | $-16546710.94 | -6.35%            | 2030-12-31      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| N/A                                                                              | ModivCare Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     27397 | PA      | $27123.41     | 0.01%             | 2026-02-22      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Labl Inc                                                                         | Multi-Color Corp, Term Loan                                                      | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |   1523265 | PA      | $704076.05    | 0.27%             | 2028-10-30      | Floating      | 13.67%                | No            | 2                  | On Loan: No      |
| Gmo Internet Group Inc                                                           | GMO internet group, Inc.                                                         | CUSIP: N/A<br>LEI: 529900BFZEY3BESHBW90       | Short            | EC               | CORP              | JP        |     -2131 | NS      | $-53027.15    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Aaon Inc                                                                         | AAON, Inc.                                                                       | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Short            | EC               | CORP              | US        |      -743 | NS      | $-67657.58    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| ALTERNATIVE CAPITAL INVESTMENTS FUND III                                         | Alternative Capital Investments Fund III LP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       243 | NS      | $357218.32    | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| Accenture Plc                                                                    | Accenture PLC                                                                    | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Short            | EC               | CORP              | IE        |       -66 | NS      | $-17400.24    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Activariable Sa De Cv Fondo De Inversion De Renta Variable                       | Activariable SA de CV Fondo de Inversion de Renta Variable                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     86111 | NS      | $258.33       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Activariable Sa De Cv Fondo De Inversion De Renta Variable                       | Activariable SA de CV Fondo de Inversion de Renta Variable                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10764 | NS      | $99782.28     | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Ishares Msci Acwi Etf                                                            | iShares MSCI ACWI ETF                                                            | CUSIP: 464288257<br>LEI: 549300KZ2WFTI4GQ7M77 | Short            | EC               | RF                | US        |    -10261 | NS      | $-1492975.50  | -0.57%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                                      | AUD $ Currency Fut                                                               | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DFE              | CORP              | US        |        92 | NC      | $6414240.00   | 2.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Aes Corp/the                                                                     | AES Corp.                                                                        | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Short            | EC               | CORP              | US        |     -1388 | NS      | $-20334.20    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| American Exceptionalism Acquisition Corp A                                       | American Exceptionalism Acquisition Corp. A                                      | CUSIP: G0273J101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6655 | NS      | $77198.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| AEYE HEALTH INC                                                                  | AEYE Health, Inc. SAFE                                                           | CUSIP: AEYESAFE2<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       225 | NS      | $243643.03    | 0.09%             |  |  |  | No            | 3                  | On Loan: No      |
| AEYE HEALTH INC                                                                  | AEYE Health, Inc. Warrants 2                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         4 | NC      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Affirm Holdings Inc                                                              | Affirm Holdings, Inc.                                                            | CUSIP: 00827B106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -327 | NS      | $-19718.10    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Agios Pharmaceuticals Inc                                                        | Agios Pharmaceuticals, Inc.                                                      | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Short            | EC               | CORP              | US        |     -1868 | NS      | $-51257.92    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Alternative Capital Inv Fund III LP 2 KLINGER                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    642057 | NS      | $697086.42    | 0.27%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                              | Alternative Capital Inv Fund III LP 2 MILBERG                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   3210291 | NS      | $3243819.28   | 1.24%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                              | Alternative Capital Inv Fund III LP 2 PANNOX                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1070084 | NS      | $1070084.00   | 0.41%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                              | Alternative Capital Inv Fund III LP 2 PROVIDER                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2140190 | NS      | $4920724.85   | 1.89%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                              | Alternative Capital Inv Fund III LP 2 VGASA                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1562339 | NS      | $1562339.00   | 0.60%             |  |  |  | No            | N/A                | On Loan: No      |
| Ai Infrastructure Acquisition Corp                                               | AI Infrastructure Acquisition Corp.                                              | CUSIP: G01336109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6249 | NS      | $62490.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Airsculpt Technologies Inc                                                       | AirSculpt Technologies, Inc.                                                     | CUSIP: 009496100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32469 | NS      | $96432.93     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Astera Labs Inc                                                                  | Astera Labs, Inc.                                                                | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Short            | EC               | CORP              | US        |      -280 | NS      | $-42173.60    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Aldabra 4 LOV Sponsor Partnership Class B                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     63764 | NS      | $95646.00     | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Aldabra 4 LOV Sponsor Partnership Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     76516 | NS      | $229.55       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Alight Inc                                                                       | Alight, Inc.                                                                     | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Short            | EC               | CORP              | US        |   -123945 | NS      | $-189635.85   | -0.07%            |  |  |  | No            | 1                  | On Loan: No      |
| Allfunds Group Plc                                                               | Allfunds Group PLC                                                               | CUSIP: N/A<br>LEI: 9598005U8TZQ8Q64SC71       | Long             | EC               | CORP              | GB        |    176372 | NS      | $1708046.47   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Alnylam Pharmaceuticals Inc                                                      | Alnylam Pharmaceuticals, Inc.                                                    | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Short            | EC               | CORP              | US        |      -260 | NS      | $-87895.60    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | CEA Industries, Inc warrants                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     23342 | NC      | $40381.66     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Cal Redwood SPAC Sponsor Equity                                                  | Cal Redwood SPAC Sponsor Equity Class A                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    134662 | NS      | $409372.48    | 0.16%             |  |  |  | No            | 3                  | On Loan: No      |
| Cal Redwood SPAC Sponsor Equity                                                  | Cal Redwood SPAC Sponsor Equity Class B                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     16833 | NS      | $57232.20     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | ALTICE FRANCE LUXCO 3 SHARES                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3331 | NS      | $47899.78     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Advanced Micro Devices Inc                                                       | Advanced Micro Devices, Inc.                                                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |      -628 | NS      | $-148666.44   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | American Drive Acquisition                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     62120 | NS      | $108088.80    | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Amazon.com Inc                                                                   | Amazon.com, Inc.                                                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Short            | EC               | CORP              | US        |      -881 | NS      | $-210823.30   | -0.08%            |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc                                                              | Arista Networks, Inc.                                                            | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Short            | EC               | CORP              | US        |      -608 | NS      | $-86177.92    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Amphenol Corp                                                                    | Amphenol Corp.                                                                   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Short            | EC               | CORP              | US        |      -844 | NS      | $-121603.52   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Applovin Corp                                                                    | AppLovin Corp.                                                                   | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Short            | EC               | CORP              | US        |       -18 | NS      | $-8515.98     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Apex Treasury Corp                                                               | Apex Treasury Corp.                                                              | CUSIP: G04104108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11011 | NS      | $109889.78    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Arbe Robotics Ltd                                                                | Arbe Robotics, Ltd.                                                              | CUSIP: M1R95N100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     55882 | NS      | $68734.86     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Arlo Technologies Inc                                                            | Arlo Technologies, Inc.                                                          | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Short            | EC               | CORP              | US        |     -1894 | NS      | $-24034.86    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Art Technology Acquisition Corp                                                  | Art Technology Acquisition Corp.                                                 | CUSIP: G0579E129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      5346 | NS      | $53460.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Art Technology Sponsor, LLC CLASS A                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     79848 | NS      | $798.48       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Art Technology Sponsor, LLC CLASS B                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15969 | NS      | $159690.00    | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| Ashland Inc                                                                      | Ashland, Inc.                                                                    | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Short            | EC               | CORP              | US        |     -1053 | NS      | $-64401.48    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Asp Isotopes Inc                                                                 | ASP Isotopes, Inc.                                                               | CUSIP: 00218A105<br>LEI: 6488WHV94BZ496OZ3219 | Long             | EC               | CORP              | US        |     25946 | NS      | $164497.64    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Aurora Innovation Inc                                                            | Aurora Innovation, Inc.                                                          | CUSIP: 051774107<br>LEI: 984500AB2E0D9F7D9D76 | Short            | EC               | CORP              | US        |     -3708 | NS      | $-15573.60    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                                                                     | Broadcom, Inc.                                                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Short            | EC               | CORP              | US        |      -415 | NS      | $-137489.50   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Avepoint Inc                                                                     | AvePoint, Inc.                                                                   | CUSIP: 053604104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1098 | NS      | $-12769.74    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Avax One Technology Ltd                                                          | Avax One Technology, Ltd.                                                        | CUSIP: 05353F108<br>LEI: 529900AYPDSKXK102L59 | Long             | EC               | CORP              | CA        |    223832 | NS      | $181482.99    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Axiom Intelligence Holdings 1 LLC                                                | Axiom Intelligence Holdings 1 LLC Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    109718 | NS      | $218338.82    | 0.08%             |  |  |  | No            | 3                  | On Loan: No      |
| Axiom Intelligence Holdings 1 LLC                                                | Axiom Intelligence Holdings 1 LLC Class B                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     13715 | NS      | $30310.15     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| American Express Co                                                              | American Express Co.                                                             | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Short            | EC               | CORP              | US        |       -90 | NS      | $-31695.30    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Axsome Therapeutics Inc                                                          | Axsome Therapeutics, Inc.                                                        | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Short            | EC               | CORP              | US        |      -194 | NS      | $-35744.50    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Bank Of America Corp                                                             | Bank of America Corp.                                                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Short            | EC               | CORP              | US        |       -70 | NS      | $-3724.00     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Bleichroeder Acquisition Corp Ii                                                 | Bleichroeder Acquisition Corp. II                                                | CUSIP: G1170E104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4429 | NS      | $43979.97     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Bain Capital Gss Investment Corp                                                 | Bain Capital GSS Investment Corp.                                                | CUSIP: G0R78B106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     27071 | NS      | $275041.36    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: AM9155384<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |  16395000 | PA      | $228793.86    | 0.09%             | 2026-03-23      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| Btc Development Corp                                                             | BTC Development Corp.                                                            | CUSIP: G0701G109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     15676 | NS      | $158327.60    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Beam Therapeutics Inc                                                            | Beam Therapeutics, Inc.                                                          | CUSIP: 07373V105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1202 | NS      | $-33199.24    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| BEEHERO LTD                                                                      | BEEHERO LTD                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       178 | NS      | $207377.08    | 0.08%             |  |  |  | No            | 3                  | On Loan: No      |
| Bitcoin Infrastructure Acquisition Corp Ltd                                      | Bitcoin Infrastructure Acquisition Corp., Ltd.                                   | CUSIP: G1143H127<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3999 | NS      | $40069.98     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Boralex Inc                                                                      | Boralex, Inc.                                                                    | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Short            | EC               | CORP              | CA        |     -2617 | NS      | $-48528.81    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Trailblazer Acquisition Corp                                                     | Trailblazer Acquisition Corp.                                                    | CUSIP: G9009S103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     23471 | NS      | $237291.81    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Bumble Inc                                                                       | Bumble, Inc.                                                                     | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    553609 | NS      | $1854590.15   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Biomarin Pharmaceutical Inc                                                      | BioMarin Pharmaceutical, Inc.                                                    | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Short            | EC               | CORP              | US        |      -501 | NS      | $-28326.54    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Brookfield Corp                                                                  | Brookfield Corp.                                                                 | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Short            | EC               | CORP              | CA        |     -3036 | NS      | $-138289.80   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Cea Industries Inc                                                               | CEA Industries, Inc.                                                             | CUSIP: 86887P309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118776 | NS      | $592692.24    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Enhanced Global Dividend Trust                                         | BlackRock Enhanced Global Dividend Trust                                         | CUSIP: 092501105<br>LEI: U48QD6ILUF60LKMSND68 | Long             | EC               | RF                | US        |       917 | NS      | $10912.30     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Cpi Property Group Sa                                                            | CPI Property Group SA                                                            | CUSIP: BT3966533<br>LEI: 222100CO2ZOTEPGJO223 | Short            | DBT              | CORP              | LU        |  -1257000 | PA      | $-1303815.32  | -0.50%            | 2030-01-14      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                                      | GBP Currency Future                                                              | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DFE              | CORP              | US        |        23 | NC      | $1968943.75   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Bluerock Private Real Estate Fund                                                | Bluerock Private Real Estate Fund                                                | CUSIP: 09631P102<br>LEI: 549300DVMSW84SP6UG83 | Long             | EC               | RF                | US        |     57996 | NS      | $961573.68    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Procap Financial Inc                                                             | Procap Financial, Inc.                                                           | CUSIP: 74277P105<br>LEI: 529900QQ65IVMAFGA795 | Long             | EC               | CORP              | US        |     22967 | NS      | $57647.17     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Procap Financial                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     19641 | NS      | $21015.87     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Blackrock Science And Technology Term Trust                                      | BlackRock Science and Technology Term Trust                                      | CUSIP: 09260K101<br>LEI: 549300NQ3IL1NKVC9M67 | Long             | EC               | RF                | US        |     51039 | NS      | $1142252.82   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Boston Scientific Corp                                                           | Boston Scientific Corp.                                                          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Short            | EC               | CORP              | US        |       -52 | NS      | $-4863.56     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Bentley Systems Inc                                                              | Bentley Systems, Inc.                                                            | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Short            | EC               | CORP              | US        |     -1221 | NS      | $-42881.52    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Strategy Inc.                                                                    | STRATEGY 10.000%, SERIES A.                                                      | CUSIP: 594972846<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      6650 | NS      | $668444.70    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Babcock & Wilcox Enterprises Inc                                                 | Babcock & Wilcox Enterprises, Inc.                                               | CUSIP: 05614L209<br>LEI: 5493006H661OZN2C0T54 | Long             | EC               | CORP              | US        |     46819 | NS      | $451335.16    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Brambles Ltd                                                                     | Brambles, Ltd.                                                                   | CUSIP: B1FJ0C904<br>LEI: N/A                  | Short            | EC               | CORP              | AU        |     -2147 | NS      | $-33489.41    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: N/A<br>LEI: 549300CUF7B1LAB15T90       | Long             | DBT              | CORP              | KY        |  11802000 | PA      | $166208.75    | 0.06%             | 2023-06-28      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: N/A<br>LEI: 549300CUF7B1LAB15T90       | Long             | DBT              | CORP              | KY        |  57621000 | PA      | $814801.27    | 0.31%             | 2025-06-28      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| Cantor Equity Partners Iii Inc                                                   | Cantor Equity Partners III, Inc.                                                 | CUSIP: G1828A108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     31544 | NS      | $322695.12    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Cbre Group Inc                                                                   | CBRE Group, Inc.                                                                 | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      1596 | NS      | $271846.68    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Cogent Communications Holdings Inc                                               | Cogent Communications Holdings, Inc.                                             | CUSIP: 19239V302<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -477 | NS      | $-11591.10    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Churchill Capital Corp Xi                                                        | Churchill Capital Corp. XI                                                       | CUSIP: G2131A124<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3609 | NS      | $37172.70     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Cantor Equity Partners Iv Inc                                                    | Cantor Equity Partners IV, Inc.                                                  | CUSIP: G1828E100<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11518 | NS      | $120593.46    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Cantor Equity Partners Ii Inc                                                    | Cantor Equity Partners II, Inc.                                                  | CUSIP: G1827P106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     18569 | NS      | $230626.98    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Cantor Equity Partners V Inc                                                     | Cantor Equity Partners V, Inc.                                                   | CUSIP: G1828S109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     13869 | NS      | $142157.25    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Ceva Inc                                                                         | CEVA, Inc.                                                                       | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Short            | EC               | CORP              | US        |      -502 | NS      | $-10587.18    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Chenghe Investment III LLC Class A                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    133435 | NS      | $90735.80     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Chenghe Investment III LLC Class B                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     16679 | NS      | $12842.83     | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Ciena Corp                                                                       | Ciena Corp.                                                                      | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Short            | EC               | CORP              | US        |      -389 | NS      | $-97954.09    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs                                                                    | Cigna Holding Co. CDS USD 12/30                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $39378.56     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Cigna Holding Co. CDS USD 12/30                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $31904.02     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Celldex Therapeutics Inc                                                         | Celldex Therapeutics, Inc.                                                       | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Short            | EC               | CORP              | US        |     -1116 | NS      | $-27453.60    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Clean Harbors Inc                                                                | Clean Harbors, Inc.                                                              | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Short            | EC               | CORP              | US        |      -249 | NS      | $-64717.59    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Celestica Inc                                                                    | Celestica, Inc.                                                                  | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Short            | EC               | CORP              | CA        |      -960 | NS      | $-269750.40   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| Celestica Inc                                                                    | Celestica, Inc.                                                                  | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Short            | EC               | CORP              | CA        |      -110 | NS      | $-30910.51    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Clarivate Plc                                                                    | Clarivate PLC                                                                    | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Short            | EC               | CORP              | JE        |    -16728 | NS      | $-44329.20    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Clorox Co/the                                                                    | Clorox Co.                                                                       | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |     -1973 | NS      | $-222534.67   | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| Cme Group Inc                                                                    | CME Group, Inc.                                                                  | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Short            | EC               | CORP              | US        |       -86 | NS      | $-24859.16    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Chipotle Mexican Grill Inc                                                       | Chipotle Mexican Grill, Inc.                                                     | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |     10948 | NS      | $425548.76    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Cnh Industrial Nv                                                                | CNH Industrial NV                                                                | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Short            | EC               | CORP              | NL        |    -66207 | NS      | $-712387.32   | -0.27%            |  |  |  | No            | 1                  | On Loan: No      |
| Cannae Holdings Inc                                                              | Cannae Holdings, Inc.                                                            | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |     86591 | NS      | $1247776.31   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Compass Diversified Holdings                                                     | Compass Diversified Holdings                                                     | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     44436 | NS      | $291944.52    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                                                                    | Coherent Corp.                                                                   | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Short            | EC               | CORP              | US        |      -259 | NS      | $-54954.62    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Compass Inc                                                                      | Compass, Inc.                                                                    | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |      8885 | NS      | $111234.34    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Corpay Inc                                                                       | Corpay, Inc.                                                                     | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Short            | EC               | CORP              | US        |      -205 | NS      | $-64499.15    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Coupang Inc                                                                      | Coupang, Inc.                                                                    | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Short            | EC               | CORP              | US        |     -1110 | NS      | $-22377.60    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Capri Holdings Ltd                                                               | Capri Holdings, Ltd.                                                             | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |     11752 | NS      | $265242.64    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Crane Harbor Acquisition Corp Ii                                                 | Crane Harbor Acquisition Corp. II                                                | CUSIP: G25014104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      8117 | NS      | $81170.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Credo Technology Group Holding Ltd                                               | Credo Technology Group Holding, Ltd.                                             | CUSIP: G25457105<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |      -535 | NS      | $-67024.80    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Salesforce Inc                                                                   | Salesforce, Inc.                                                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Short            | EC               | CORP              | US        |       -83 | NS      | $-17620.07    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Critical Metals Corp                                                             | Critical Metals Corp.                                                            | CUSIP: G2662B103<br>LEI: 984500158752F66VAE27 | Short            | EC               | CORP              | VG        |    -29701 | NS      | $-391162.17   | -0.15%            |  |  |  | No            | 1                  | On Loan: No      |
| Critical Metals Corp                                                             | Critical Metals Corp.                                                            | CUSIP: G2662B103<br>LEI: 984500158752F66VAE27 | Long             | EC               | CORP              | VG        |      1933 | NS      | $25457.61     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Critical Metals Corp                                                             | Critical Metals Corp. Warrants                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     38669 | NC      | $160089.66    | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| Crowdstrike Holdings Inc                                                         | Crowdstrike Holdings, Inc.                                                       | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Short            | EC               | CORP              | US        |      -108 | NS      | $-47671.74    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Costar Group Inc                                                                 | CoStar Group, Inc.                                                               | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Short            | EC               | CORP              | US        |       -81 | NS      | $-4981.50     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Mfs High Income Municipal Trust                                                  | MFS High Income Municipal Trust                                                  | CUSIP: 59318D104<br>LEI: 0G9TCUWY2FBUXSJY2691 | Long             | EC               | RF                | US        |     12825 | NS      | $48478.50     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs                                                                    | MARKIT CDX HY S44 5Y 6/30 ICE                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $15015965.71  | 5.76%             |  |  |  | No            | 2                  | On Loan: No      |
| Cyberark Software Ltd                                                            | CyberArk Software, Ltd.                                                          | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Short            | EC               | CORP              | IL        |       -98 | NS      | $-42221.34    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Community Health Systems Inc                                                     | Community Health Systems, Inc.                                                   | CUSIP: 203668108<br>LEI: 549300BQWM4WENQ3YW73 | Long             | EC               | CORP              | US        |     61571 | NS      | $197642.91    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Cytokinetics Inc                                                                 | Cytokinetics, Inc.                                                               | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Short            | EC               | CORP              | US        |      -546 | NS      | $-34501.74    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Intercontinental Exchange                                                        | CZR CDS USD 12/29 GS                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-47689.53    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| Digital Asset Acquisition Corp                                                   | Digital Asset Acquisition Corp.                                                  | CUSIP: G2868C103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     23785 | NS      | $243082.70    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Doordash Inc                                                                     | DoorDash, Inc.                                                                   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |       -58 | NS      | $-11867.96    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Dell Technologies Inc                                                            | Dell Technologies, Inc.                                                          | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Short            | EC               | CORP              | US        |       -42 | NS      | $-4806.48     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Trump Media & Technology Group Corp                                              | Trump Media & Technology Group Corp.                                             | CUSIP: 25400Q105<br>LEI: 6488S3A83U2SRQ48O215 | Long             | EC               | CORP              | US        |     37912 | NS      | $484515.36    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Destra Multi-alternative Fund                                                    | Destra Multi-Alternative Fund                                                    | CUSIP: 25065A502<br>LEI: 549300SP0KUS5HR5P569 | Long             | EC               | RF                | US        |      2947 | NS      | $26405.12     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Bny Mellon Municipal Bond Infrastructure Fund Inc                                | BNY Mellon Municipal Bond Infrastructure Fund, Inc.                              | CUSIP: 09662W109<br>LEI: 5493003OUY2BKGFZ2414 | Long             | EC               | RF                | US        |       343 | NS      | $3817.59      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Denali Therapeutics Inc                                                          | Denali Therapeutics, Inc.                                                        | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Short            | EC               | CORP              | US        |      -876 | NS      | $-19044.24    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Doximity Inc                                                                     | Doximity, Inc.                                                                   | CUSIP: 26622P107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2562 | NS      | $-95998.14    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| BNY Mellon U.S. Treasury Fund                                                    | BNY Mellon U.S. Treasury Fund                                                    | CUSIP: G1206E136<br>LEI: N/A                  | Long             | STIV             | RF                | IE        |  10379257 | NS      | $10379257.35  | 3.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Leonardo Drs Inc                                                                 | Leonardo DRS, Inc.                                                               | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Short            | EC               | CORP              | US        |      -502 | NS      | $-20612.12    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Descartes Systems Group Inc/the                                                  | Descartes Systems Group, Inc.                                                    | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Short            | EC               | CORP              | CA        |      -378 | NS      | $-28229.59    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Descartes Systems Group Inc/the                                                  | Descartes Systems Group, Inc.                                                    | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      1163 | NS      | $86854.53     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Dynatrace Inc                                                                    | Dynatrace, Inc.                                                                  | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Short            | EC               | CORP              | US        |      -378 | NS      | $-14398.02    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Dte Energy Co                                                                    | DTE Energy Co.                                                                   | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Short            | EC               | CORP              | US        |      -178 | NS      | $-23919.64    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Diversified United Investment Ltd                                                | Diversified United Investment, Ltd.                                              | CUSIP: Q3212S108<br>LEI: 254900ENGLQ9SQJJCR84 | Long             | EC               | CORP              | AU        |    159966 | NS      | $617113.24    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Insight Digital Partners Ii                                                      | Insight Digital Partners II                                                      | CUSIP: G4814G105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     10820 | NS      | $107550.80    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Ellsworth Growth And Income Fund Ltd                                             | Ellsworth Growth and Income Fund, Ltd.                                           | CUSIP: 289074106<br>LEI: 549300GYFOXHCDQTI772 | Long             | EC               | RF                | US        |      5295 | NS      | $65869.80     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Equifax Inc                                                                      | Equifax, Inc.                                                                    | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Short            | EC               | CORP              | US        |     -1130 | NS      | $-227582.00   | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| EGH Sponsor LLC                                                                  | EGH Sponsor LLC, Cl A                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     58498 | NS      | $141565.16    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| EGH Sponsor LLC                                                                  | EGH Sponsor LLC, Cl B                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      7312 | NS      | $19523.04     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Empery Digital Inc                                                               | Empery Digital, Inc.                                                             | CUSIP: 92864V608<br>LEI: 254900YNQ643TK62S464 | Long             | EC               | CORP              | US        |     41830 | NS      | $205385.30    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| CANTOR EQUITY PARTNERS I                                                         | CANTOR EQUITY PARTNERS I, INC. Project Enigma PIPE                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     59091 | NS      | $611591.85    | 0.23%             |  |  |  | No            | 3                  | On Loan: No      |
| CANTOR EQUITY PARTNERS I                                                         | CANTOR EQUITY PARTNERS I..Project Enigma PIPE Cnv                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      1182 | PA      | $1096541.40   | 0.42%             | 2030-07-01      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| Ensign Group Inc/the                                                             | Ensign Group, Inc.                                                               | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Short            | EC               | CORP              | US        |       -13 | NS      | $-2231.58     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Eog Resources Inc                                                                | EOG Resources, Inc.                                                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Short            | EC               | CORP              | US        |       -12 | NS      | $-1345.56     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Elastic Nv                                                                       | Elastic NV                                                                       | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Short            | EC               | CORP              | NL        |      -206 | NS      | $-13581.58    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Grayscale Ethereum Classic Trust                                                 | Grayscale Ethereum Classic Trust                                                 | CUSIP: 38963Q107<br>LEI: 54930092HET8DVEQYD83 | Long             | EC               | RF                | US        |   1666652 | NS      | $8699923.44   | 3.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Ether Reserve LLC                                                                | Ether Reserve LLC Equity PIPE                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     59091 | NS      | $601544.75    | 0.23%             |  |  |  | No            | 3                  | On Loan: No      |
| Ethzilla Corp                                                                    | Ethzilla Corp.                                                                   | CUSIP: 68236V401<br>LEI: 98450063A2D8EF54EB11 | Long             | EC               | CORP              | US        |     48145 | NS      | $206542.05    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Eaton Corp Plc                                                                   | Eaton Corp. PLC                                                                  | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Short            | EC               | CORP              | IE        |       -13 | NS      | $-4568.46     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Etoro Group Ltd                                                                  | Etoro Group, Ltd.                                                                | CUSIP: G32089107<br>LEI: 213800XPRPJK2X5QRG86 | Long             | EC               | CORP              | US        |     17923 | NS      | $526936.20    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution Ab                                                                     | Evolution AB                                                                     | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |     16104 | NS      | $1046059.43   | 0.40%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Evolution Global Acquisition Corp                                                | Evolution Global Acquisition Corp.                                               | CUSIP: G3226F101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     12334 | NS      | $124326.72    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertical Aerospace Ltd                                                           | Vertical Aerospace, Ltd.                                                         | CUSIP: G9471C206<br>LEI: 9845002F3CF4E56DA491 | Long             | EC               | CORP              | KY        |    379461 | NS      | $1787261.31   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Newhold Investment Corp Iii                                                      | NewHold Investment Corp III Sponsor Shs Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     67027 | NS      | $123999.95    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| Newhold Investment Corp Iii                                                      | NewHold Investment Corp III Sponsor Shs Class B                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8378 | NS      | $17091.12     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Edgewise Therapeutics Inc                                                        | Edgewise Therapeutics, Inc.                                                      | CUSIP: 28036F105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2069 | NS      | $-58242.35    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Exor Nv                                                                          | EXOR NV                                                                          | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |     78969 | NS      | $6468188.54   | 2.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Exponent Inc                                                                     | Exponent, Inc.                                                                   | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Short            | EC               | CORP              | US        |     -2691 | NS      | $-193402.17   | -0.07%            |  |  |  | No            | 1                  | On Loan: No      |
| First Advantage Corp                                                             | First Advantage Corp.                                                            | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Short            | EC               | CORP              | US        |      -395 | NS      | $-5332.50     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Futurecrest Acquisition Corp                                                     | FutureCrest Acquisition Corp.                                                    | CUSIP: G3730U107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     15009 | NS      | $154442.61    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Future Generation Global Ltd                                                     | Future Generation Global, Ltd.                                                   | CUSIP: Q39694106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     14307 | NS      | $15242.89     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Fg Imperii Acquisition Corp                                                      | FG Imperii Acquisition Corp.                                                     | CUSIP: G3R41C128<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      9132 | NS      | $91228.68     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| FIGX Acquisition Partners LLC                                                    | FIGX Acquisition Partners LLC Class A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     86860 | NS      | $88597.20     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| FIGX Acquisition Partners LLC                                                    | FIGX Acquisition Partners LLC Class A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10858 | NS      | $12595.28     | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Fabrinet                                                                         | Fabrinet                                                                         | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Short            | EC               | CORP              | KY        |      -456 | NS      | $-223184.64   | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| Jfrog Ltd                                                                        | JFrog, Ltd.                                                                      | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |      1793 | NS      | $98256.40     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Jfrog Ltd                                                                        | JFrog, Ltd.                                                                      | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Short            | EC               | CORP              | IL        |      -777 | NS      | $-42579.60    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Six Flags Entertainment Corp                                                     | Six Flags Entertainment Corp.                                                    | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |     11054 | NS      | $199082.54    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Liberty Media Corp-liberty Formula One                                           | Liberty Media Corp.-Liberty Formula One                                          | CUSIP: 531229755<br>LEI: 549300ZKUTPIBZLWLL89 | Short            | EC               | CORP              | US        |     -1697 | NS      | $-147672.94   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures Europe Financials                                                    | Long Gilt Future                                                                 | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | N/A              | DIR              | CORP              | GB        |        -7 | NC      | $-870198.82   | -0.33%            |  |  |  | No            | 1                  | On Loan: No      |
| Ai Infrastructure Acquisition Corp                                               | AI Infrastructure Acquisition Corp.                                              | CUSIP: G01336117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6249 | NC      | $1687.54      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Alussa Energy Acquisition Corp Ii                                                | Alussa Energy Acquisition Corp. II                                               | CUSIP: G0233J118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1345 | NC      | $687.97       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Apex Treasury Corp                                                               | Apex Treasury Corp.                                                              | CUSIP: G04104124<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      8258 | NC      | $2642.56      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Btc Development Corp                                                             | BTC Development Corp.                                                            | CUSIP: G0701G117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3919 | NC      | $2648.07      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Armada Acquisition Corp Ii                                                       | Armada Acquisition Corp. II                                                      | CUSIP: G0R38G112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     54162 | NC      | $45496.08     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Bain Capital Gss Investment Corp                                                 | Bain Capital GSS Investment Corp.                                                | CUSIP: G0R78B114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5414 | NC      | $4601.90      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Berto Acquisition Corp                                                           | BERTO ACQUISITION Corp.                                                          | CUSIP: G1051H119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     31254 | NC      | $11251.44     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Biocon Biologics Global                                                          | Biocon Biologics Global PLC                                                      | CUSIP: YU2449483<br>LEI: 254900PMQN51VACG2D55 | Short            | DBT              | CORP              | GB        |  -2598000 | PA      | $-2637628.85  | -1.01%            | 2029-10-09      | Fixed         | 6.67%                 | No            | 2                  | On Loan: No      |
| Bleichroeder Acquisition Corp Ii                                                 | Bleichroeder Acquisition Corp. II                                                | CUSIP: G1170E112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1476 | NC      | $863.46       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: ZP5379026<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |  19888000 | PA      | $282530.92    | 0.11%             | 2024-01-22      | Fixed         | 12.00%                | No            | 2                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: AN0016476<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   4420000 | PA      | $63262.58     | 0.02%             | 2024-03-29      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: ZP5378630<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   4600000 | PA      | $64471.30     | 0.02%             | 2049-12-31      | Fixed         | 11.50%                | No            | 2                  | On Loan: No      |
| Cohen Circle Acquisition Corp Ii                                                 | Cohen Circle Acquisition Corp. II                                                | CUSIP: G2254C113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5559 | NC      | $4613.97      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Crane Harbor Acquisition Corp                                                    | Crane Harbor Acquisition Corp.                                                   | CUSIP: G24979117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2529 | NC      | $2174.94      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Crane Harbor Acquisition Corp Ii                                                 | Crane Harbor Acquisition Corp. II                                                | CUSIP: G25014112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      8117 | NC      | $1952.14      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| D Boral Arc Acquisition I Corp                                                   | D Boral ARC Acquisition I Corp.                                                  | CUSIP: G2616F119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     12542 | NC      | $11036.96     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Asset Acquisition Corp                                                   | Digital Asset Acquisition Corp.                                                  | CUSIP: G2868C111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     29467 | NC      | $12965.48     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Dynamix Corp                                                                     | Dynamix Corp.                                                                    | CUSIP: G2949D112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     33079 | NC      | $35394.53     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Dynamix Corp Iii                                                                 | Dynamix Corp. III                                                                | CUSIP: G2949T117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      4817 | NC      | $1589.61      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Eqv Ventures Acquisition Corp                                                    | EQV Ventures Acquisition Corp.                                                   | CUSIP: G3106N117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     22723 | NC      | $11088.82     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Evolution Global Acquisition Corp                                                | Evolution Global Acquisition Corp.                                               | CUSIP: G3226F119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6167 | NC      | $3083.50      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Fact Ii Acquisition Corp                                                         | Fact II Acquisition Corp.                                                        | CUSIP: G32901129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     22895 | NC      | $10092.12     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Futurecrest Acquisition Corp                                                     | FutureCrest Acquisition Corp.                                                    | CUSIP: G3730U115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3752 | NC      | $3283.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Gigcapital7 Corp                                                                 | GigCapital7 Corp.                                                                | CUSIP: G38648120<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |         5 | NC      | $2.71         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Gp-act Iii Acquisition Corp                                                      | GP-Act III Acquisition Corp Class A Sponsor Shares                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     17094 | NS      | $31452.96     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Gp-act Iii Acquisition Corp                                                      | GP-Act III Acquisition Corp Class B Warrants                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | KY        |     21362 | NC      | $5981.36      | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Gores Holdings X Inc                                                             | Gores Holdings X, Inc.                                                           | CUSIP: G4002F125<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3460 | NC      | $2910.73      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Gp-act Iii Acquisition Corp                                                      | GP-Act III Acquisition Corp.                                                     | CUSIP: G4035N129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     23593 | NC      | $6190.80      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Hall Chadwick Acquisition Corp                                                   | Hall Chadwick Acquisition Corp.                                                  | CUSIP: G42386113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     23559 | NC      | $6125.34      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Hcm Iii Acquisition Corp                                                         | HCM III Acquisition Corp.                                                        | CUSIP: G4365E111<br>LEI: 529900X6CMNA2LN6C461 | N/A              | DE               | CORP              | US        |      9476 | NC      | $5770.88      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Hennessy Capital Investment Corp Vii                                             | Hennessy Capital Investment Corp. VII                                            | CUSIP: G4405D115<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      7305 | NC      | $2045.40      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Inflection Point Acquisition Corp Iii                                            | Inflection Point Acquisition Corp. III                                           | CUSIP: G47875110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     54192 | NC      | $20592.96     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Insight Digital Partners Ii                                                      | Insight Digital Partners II                                                      | CUSIP: G4814G113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5414 | NC      | $1734.10      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Israel Acquisitions Corp                                                         | Israel Acquisitions Corp.                                                        | CUSIP: G49667119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     18390 | NC      | $2298.75      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| K&f Growth Acquisition Corp Ii                                                   | K&F Growth Acquisition Corp. II                                                  | CUSIP: G52258129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      4142 | NC      | $662.72       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Lightwave Acquisition Corp                                                       | Lightwave Acquisition Corp.                                                      | CUSIP: G5490M126<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     10620 | NC      | $3292.20      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Live Oak Acquisition Corp V                                                      | Live Oak Acquisition Corp. V                                                     | CUSIP: G5509P110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     11677 | NC      | $20434.75     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Launch Two Acquisition Corp                                                      | Launch Two Acquisition Corp.                                                     | CUSIP: G5S87A113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1652 | NC      | $476.93       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercer Park Opportunities Corp                                                   | Mercer Park Opportunities Corp.                                                  | CUSIP: G6002A162<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |     10963 | NC      | $3672.61      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Melar Acquisition Corp I                                                         | Melar Acquisition Corp. I                                                        | CUSIP: G6004G118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     32537 | NC      | $5528.04      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Mountain Lake Acquisition Corp                                                   | Mountain Lake Acquisition Corp.                                                  | CUSIP: G6301B127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      9699 | NC      | $2036.79      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| New Providence Acquisition Corp Iii                                              | New Providence Acquisition Corp. III                                             | CUSIP: G6476A110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6181 | NC      | $3152.31      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Newhold Investment Corp Iii                                                      | NewHold Investment Corp. III                                                     | CUSIP: G6486E110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2084 | NC      | $903.94       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| 1rt Acquisition Corp                                                             | 1RT Acquisition Corp.                                                            | CUSIP: G6757R113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5929 | NC      | $3853.85      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Otg Acquisition Corp I                                                           | OTG Acquisition Corp. I                                                          | CUSIP: G6791A118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3731 | NC      | $1548.37      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Perimeter Acquisition Corp I                                                     | Perimeter Acquisition Corp. I                                                    | CUSIP: G7010A111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     33393 | NC      | $28384.05     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Plum Acquisition Corp Iv                                                         | Plum Acquisition Corp. IV                                                        | CUSIP: G7134A120<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      4175 | NC      | $1962.25      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Procap Acquisition Corp                                                          | ProCap Acquisition Corp.                                                         | CUSIP: G7257A121<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     20612 | NC      | $7910.89      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Range Capital Acquisition Corp Ii                                                | Range Capital Acquisition Corp. II                                               | CUSIP: G7375J111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     13508 | NC      | $4526.02      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Real Asset Acquisition Corp                                                      | Real Asset Acquisition Corp.                                                     | CUSIP: G73944111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     87360 | NC      | $44038.18     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Renatus Tactical Acquisition Corp I                                              | Renatus Tactical Acquisition Corp. I                                             | CUSIP: G7490F127<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3588 | NC      | $3049.80      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Republic Digital Acquisition Co                                                  | Republic Digital Acquisition Co.                                                 | CUSIP: G7515A129<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     64146 | NC      | $36563.22     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Rice Acquisition Corp 3                                                          | Rice Acquisition Corp. 3                                                         | CUSIP: G7553X114<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     22567 | NC      | $22026.52     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Rithm Acquisition Corp                                                           | Rithm Acquisition Corp.                                                          | CUSIP: G75751118<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1581 | NC      | $1240.69      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Roman Dbdr Acquisition Corp Ii                                                   | Roman DBDR Acquisition Corp. II                                                  | CUSIP: G7633M112<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     19566 | NC      | $14793.85     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Spring Valley Acquisition Corp Iii                                               | Spring Valley Acquisition Corp. III                                              | CUSIP: G8377R119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2501 | NC      | $3751.50      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Sim Acquisition Corp I                                                           | SIM Acquisition Corp. I                                                          | CUSIP: G8431T119<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     12138 | NC      | $3520.02      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Tlgy Acquisition Corp                                                            | TLGY Acquisition Corp.                                                           | CUSIP: G8656T125<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     30000 | NC      | $32415.00     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Trailblazer Acquisition Corp                                                     | Trailblazer Acquisition Corp.                                                    | CUSIP: G9009S111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      7823 | NC      | $3755.04      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertical Aerospace Ltd                                                           | Vertical Aerospace, Ltd.                                                         | CUSIP: G9471C131<br>LEI: 9845002F3CF4E56DA491 | N/A              | DE               | CORP              | GB        |    249443 | NC      | $875544.93    | 0.34%             |  |  |  | No            | 3                  | On Loan: No      |
| Vertical Aerospace Ltd                                                           | Vertical Aerospace, Ltd.                                                         | CUSIP: G9471C149<br>LEI: 9845002F3CF4E56DA491 | N/A              | DE               | CORP              | GB        |    249443 | NC      | $823161.90    | 0.32%             |  |  |  | No            | 3                  | On Loan: No      |
| Willow Lane Acquisition Corp                                                     | Willow Lane Acquisition Corp.                                                    | CUSIP: G9675P110<br>LEI: 254900Z85UYRON5ZBZ90 | N/A              | DE               | CORP              | US        |      5726 | NC      | $20499.08     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Wen Acquisition Corp                                                             | Wen Acquisition Corp.                                                            | CUSIP: G9R39C111<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     61927 | NC      | $26009.34     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Grayscale Bitcoin Trust Etf                                                      | Grayscale Bitcoin Trust ETF                                                      | CUSIP: 389637109<br>LEI: 549300XZGUJEF0EHBE41 | Short            | EC               | RF                | US        |   -109421 | NS      | $-7152850.77  | -2.74%            |  |  |  | No            | 1                  | On Loan: No      |
| GDS Holdings Ltd                                                                 | GDS Holdings, Ltd.                                                               | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     11693 | NS      | $522560.17    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Gabelli Dividend & Income Trust/the                                              | Gabelli Dividend & Income Trust                                                  | CUSIP: 36242H104<br>LEI: 549300082N1MHBT8NI60 | Long             | EC               | RF                | US        |     50885 | NS      | $1445134.00   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Geo Group Inc/the                                                                | GEO Group, Inc.                                                                  | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     19339 | NS      | $309037.22    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Ge Vernova Inc                                                                   | GE Vernova, Inc.                                                                 | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Short            | EC               | CORP              | US        |       -73 | NS      | $-53025.01    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Graco Inc                                                                        | Graco, Inc.                                                                      | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Short            | EC               | CORP              | US        |     -3732 | NS      | $-325915.56   | -0.12%            |  |  |  | No            | 1                  | On Loan: No      |
| Guardant Health Inc                                                              | Guardant Health, Inc.                                                            | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Short            | EC               | CORP              | US        |       -69 | NS      | $-7868.76     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Globant Sa                                                                       | Globant SA                                                                       | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Short            | EC               | CORP              | LU        |      -319 | NS      | $-21334.72    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Corning Inc                                                                      | Corning, Inc.                                                                    | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Short            | EC               | CORP              | US        |      -712 | NS      | $-73514.00    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Generac Holdings Inc                                                             | Generac Holdings, Inc.                                                           | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Short            | EC               | CORP              | US        |      -239 | NS      | $-40161.56    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs                                                                    | Google CDS USD 12/30 GS                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $544583.02    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Google CDS USD 12/30 GS                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $9993.42      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Alphabet Inc                                                                     | Alphabet, Inc.                                                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Short            | EC               | CORP              | US        |      -414 | NS      | $-139932.00   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Graphic Packaging Holding Co                                                     | Graphic Packaging Holding Co.                                                    | CUSIP: 388689101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -418 | NS      | $-6123.70     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| GRAF GLOBAL SPONSOR                                                              | GRAF Global Sponsor LLC Class A Shares                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     15421 | NS      | $29762.53     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| GRAF GLOBAL SPONSOR                                                              | GRAF Global Sponsor LCC Class B Warrants                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | KY        |     19276 | NC      | $6746.60      | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Gabelli Healthcare & Wellnessrx Trust/the                                        | Gabelli Healthcare & WellnessRx Trust                                            | CUSIP: 36246K103<br>LEI: 549300XULWZNLHFTG832 | Long             | EC               | RF                | US        |     23912 | NS      | $229913.88    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | GS.FU BROKER SWEEP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   2288653 | NS      | $2288652.96   | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Gerresheimer Ag                                                                  | Gerresheimer AG                                                                  | CUSIP: D2852S109<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |     51401 | NS      | $1542706.30   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Hall Chadwock Acquisition Corp SPAC Sponsor A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     86111 | NS      | $344.44       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Hall Chadwock Acquisition Corp SPAC Sponsor B                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10764 | NS      | $99889.92     | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Hbm Healthcare Investments Ag                                                    | HBM Healthcare Investments AG                                                    | CUSIP: H3553X112<br>LEI: 549300IFDFSDRT4D3076 | Long             | EC               | CORP              | CH        |       141 | NS      | $43774.66     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Hall Chadwick Acquisition Corp                                                   | Hall Chadwick Acquisition Corp.                                                  | CUSIP: G42386105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     23559 | NS      | $236061.18    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Hcm Iii Acquisition Corp                                                         | HCM III Acquisition Corp.                                                        | CUSIP: G4365E103<br>LEI: 529900X6CMNA2LN6C461 | Long             | EC               | CORP              | KY        |     28419 | NS      | $289873.80    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Hcm Iii Acquisition Corp                                                         | HCM III Acquisition Corp.                                                        | CUSIP: G4365E103<br>LEI: 529900X6CMNA2LN6C461 | Short            | EC               | CORP              | KY        |     -1421 | NS      | $-14494.20    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| HCM Investor Holdings III                                                        | HCM Investor Holdings III,CL A                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    103450 | NS      | $192417.00    | 0.07%             |  |  |  | No            | 3                  | On Loan: No      |
| HCM Investor Holdings III                                                        | HCM Investor Holdings III,CL B                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137934 | NS      | $64828.98     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Home Depot Inc/the                                                               | Home Depot, Inc.                                                                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Short            | EC               | CORP              | US        |        -5 | NS      | $-1872.95     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| John Hancock Diversified Income Fund                                             | John Hancock Diversified Income Fund                                             | CUSIP: 47804L102<br>LEI: TXPTLN9B34V0S0MTR071 | Long             | EC               | RF                | US        |       137 | NS      | $1517.96      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Harmonic Inc                                                                     | Harmonic, Inc.                                                                   | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Short            | EC               | CORP              | US        |     -1230 | NS      | $-11955.60    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Hearts And Minds Investments Ltd/fund                                            | Hearts and Minds Investments, Ltd.                                               | CUSIP: Q4524H103<br>LEI: 2549002S6SA5DJZXRD63 | Long             | EC               | CORP              | AU        |    733506 | NS      | $1603838.86   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Robinhood Markets Inc                                                            | Robinhood Markets, Inc.                                                          | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Short            | EC               | CORP              | US        |      -666 | NS      | $-66253.68    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Iron Horse II                                                                    | Iron Horse II Sponsor Class A                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    132416 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Iron Horse II                                                                    | Iron Horse II Sponsor Class B                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     16552 | NS      | $154761.20    | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| Abrdn Life Sciences Investors                                                    | abrdn Life Sciences Investors                                                    | CUSIP: 87911K100<br>LEI: 5493007BYZPSOVVS0M04 | Long             | EC               | RF                | US        |     68158 | NS      | $1155959.68   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Herald Investment Trust Plc                                                      | Herald Investment Trust PLC                                                      | CUSIP: G4410F105<br>LEI: 213800U7G1ROCTJYRR70 | Long             | EC               | RF                | GB        |     36669 | NS      | $1271957.35   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Harmony Biosciences Holdings Inc                                                 | Harmony Biosciences Holdings, Inc.                                               | CUSIP: 413197104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1516 | NS      | $-55364.32    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Hubbell Inc                                                                      | Hubbell, Inc.                                                                    | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Short            | EC               | CORP              | US        |      -108 | NS      | $-52697.52    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Royal Bank Of Canada                                                             | MARKIT CDX HY S43 5Y 2/29 ICE                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-8284396.91  | -3.18%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | MARKIT CDX HY S45 5Y 12/30 ICE                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $810664.48    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Ishares Biotechnology Etf                                                        | iShares Biotechnology ETF                                                        | CUSIP: 464287556<br>LEI: 549300S7IVD88MPK0066 | Short            | EC               | RF                | US        |    -17959 | NS      | $-3096670.37  | -1.19%            |  |  |  | No            | 1                  | On Loan: No      |
| Intercontinental Exchange Inc                                                    | Intercontinental Exchange, Inc.                                                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Short            | EC               | CORP              | US        |     -1572 | NS      | $-273182.16   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| Idex Corp                                                                        | IDEX Corp.                                                                       | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Short            | EC               | CORP              | US        |     -1126 | NS      | $-223567.30   | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| International Flavors & Fragrances Inc                                           | International Flavors & Fragrances, Inc.                                         | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Short            | EC               | CORP              | US        |      -569 | NS      | $-39721.89    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Global Infrastructure Etf                                                | iShares Global Infrastructure ETF                                                | CUSIP: 464288372<br>LEI: 549300ZC2N3HUK3DTK30 | Short            | EC               | RF                | US        |     -7524 | NS      | $-484620.84   | -0.19%            |  |  |  | No            | 1                  | On Loan: No      |
| LightWave Founders                                                               | LightWave Founders Class A                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    160720 | NS      | $141433.60    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| LightWave Founders                                                               | LightWave Founders Class B                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     16072 | NS      | $15589.84     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Jpmorgan Us Treasury Plus Money Market Fund                                      | JPMorgan US Treasury Plus Money Market Fund                                      | CUSIP: 4812C2734<br>LEI: 549300WIC5LVF25Z1127 | Long             | STIV             | RF                | US        |   6402491 | NS      | $6402491.47   | 2.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Incyte Corp                                                                      | Incyte Corp.                                                                     | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Short            | EC               | CORP              | US        |      -652 | NS      | $-65245.64    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Insmed Inc                                                                       | Insmed, Inc.                                                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Short            | EC               | CORP              | US        |      -394 | NS      | $-61806.78    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Pioneer Acquisition 1 Sponsor Holdco LLC                                         | Pioneer Acquisition 1 Sponsor Holdco LLC CLASS A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137148 | NS      | $126176.16    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| Pioneer Acquisition 1 Sponsor Holdco LLC                                         | Pioneer Acquisition 1 Sponsor Holdco LLC CLASS B                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    171435 | NS      | $36001.35     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Ionis Pharmaceuticals Inc                                                        | Ionis Pharmaceuticals, Inc.                                                      | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Short            | EC               | CORP              | US        |     -3199 | NS      | $-264461.33   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| Samsara Inc                                                                      | Samsara, Inc.                                                                    | CUSIP: 79589L106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -711 | NS      | $-19943.55    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Iren Ltd                                                                         | IREN, Ltd.                                                                       | CUSIP: Q4982L109<br>LEI: 254900FZF02RB3NNGB71 | Long             | EC               | CORP              | AU        |      5507 | NS      | $295946.18    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Iron Mountain Inc                                                                | Iron Mountain, Inc.                                                              | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |      -400 | NS      | $-36852.00    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Iveco Group Nv                                                                   | Iveco Group NV                                                                   | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Short            | EC               | CORP              | NL        |    -11729 | NS      | $-262349.88   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Russell 1000 Value Etf                                                   | iShares Russell 1000 Value ETF                                                   | CUSIP: 464287598<br>LEI: 549300KLSYN5NN4YNM90 | Short            | EC               | RF                | US        |       -96 | NS      | $-21106.56    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Russell 2000 Etf                                                         | iShares Russell 2000 ETF                                                         | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Short            | EC               | RF                | US        |      -152 | NS      | $-39466.80    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | JP.CS BROKER SWEEP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  22156955 | NS      | $22156955.41  | 8.50%             |  |  |  | No            | 1                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Aalberts NV TRS                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | NL        |         1 | NC      | $-56214.29    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | AddTech AB TRS                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | SE        |         1 | NC      | $-124873.42   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Aeri Ln Trs:bk6rlf6                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $4763.95      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Aht Ln Trs:0053673                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-28347.37    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ai Fp Trs:b1yxbj7                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | FR        |         1 | NC      | $-104091.41   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ajb Ln Trs:bfznlb6                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-41156.21    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Alfa Ln Trs:bdhxpg3                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-78979.35    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Ambu A/S TRS                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | DK        |         1 | NC      | $-240535.97   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Amrq Ln Trs:bplh6m8                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $511716.04    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ams Ln Trs:0453659                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-29425.91    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Argenx SE TRS                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | NL        |         1 | NC      | $-305336.23   | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv At/ Ln Trs:blh4250                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-28208.18    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Atlas Copco AB TRS                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | SE        |         1 | NC      | $-6683.69     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Avon Ln Trs:0066701                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-30912.99    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bab Ln Trs:0969703                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-93721.42    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Barc Ln Trs:3134865                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-20311.28    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | BE Semiconductor Industries NV TRS                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-85795.91    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bez Ln Trs:byq0jc6                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-60385.53    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bion Sw Trs:7117884                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $1782950.59   | 0.68%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                                                   | Recv Boy Ln Trs:b3flwh9                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-64317.37    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Bree Ln Trs:bm8nfj8                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-34035.41    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Brg No Trs:b8b6wx9                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | NO        |         1 | NC      | $-60612.18    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | BT Group PLC TRS                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-19283.99    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Chrt Ln Trs:b0yd2b9                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-102225.20   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Cannae Holdings, Inc. TRS                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $1585100.00   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Cost Ln Trs:b64nsp7                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-43709.30    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Croda International PLC TRS                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-206874.24   | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Crn Ln Trs:bwy4zf1                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IE        |         1 | NC      | $-43992.09    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Crw Ln Trs:b2425g6                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-70205.94    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Cwk Ln Trs: 0231888                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-186702.97   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | GlobalData PLC TRS                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-43887.58    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Dfs Ln Trs:btc0lb8                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-46650.73    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Delivery Hero SE TRS                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | DE        |         1 | NC      | $-13231.87    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | DSM-Firmenich AG TRS                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $-78078.07    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Edenred SE TRS                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | FR        |         1 | NC      | $2998117.03   | 1.15%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | EDP Renovaveis SA TRS                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-64255.66    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Elm Ln Trs:0241854                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-52846.54    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Enav SpA TRS                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IT        |         1 | NC      | $-38855.86    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Enel SpA TRS                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | BE        |         1 | NC      | $-19870.93    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Enr Gr Trs:bmtvqk9                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | DE        |         1 | NC      | $-38723.49    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ent Ln Trs:b5vqmv6                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-11772.01    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Erf Ln Trs:bndpyv1                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | LU        |         1 | NC      | $-96358.62    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Evpl Ln Trs:byvx2x2                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-56187.41    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Fan Ln Trs:bn3zz52                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-107051.24   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Fbd Id Trs:4330231                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IE        |         1 | NC      | $-7239.43     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Ferrovial SE TRS                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-25818.95    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Fevertree Drinks PLC TRS                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-39080.05    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gbg Ln Trs:0687061                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-66251.97    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | GCP Infrastructure Investments, Ltd. TRS                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $10457.66     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Geberit AG TRS                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $-432447.06   | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Genuit Group PLC TRS                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-58059.32    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gnc Ln Trs:0386410                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IE        |         1 | NC      | $-95104.28    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Global Opportunities Trust PLC TRS                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1720.50      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gpe Ln Trs:bf5h9p8                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-72977.11    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Grainger PLC TRS                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $114245.54    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Grid Ln Trs:bfx3k77                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $76257.37     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Grow Ln Trs:by7qyj5                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1238007.01   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Gsf Ln Trs:bg0p0v7                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $329316.11    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hbmn Sw Trs:b01tcc1                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $1123239.12   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hfg Ln Trs:b1v9nw5                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-28799.00    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hils Ln Trs:0427030                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-127701.45   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hlma Ln Trs:0405207                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-370786.17   | -0.14%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hm1 Au Trs:bg1vy23                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | AU        |         1 | NC      | $2186538.17   | 0.84%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | HMS Networks AB TRS                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | SE        |         1 | NC      | $-227860.88   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hoc Ln Trs:b1fw502                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-43706.30    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Hvpe Ln Trs:br30mj8                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GG        |         1 | NC      | $331341.11    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Inficon Holding AG TRS                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $-186065.58   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Igg Ln Trs:b06qfb7                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-47360.05    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ihp Ln Trs:bd45sh4                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-185444.01   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Iii Ln Trs:b1yw440                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-77675.37    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ipo Ln Trs:b128j45                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $1274636.81   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Iren SpA TRS                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-21558.29    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Ithaca Energy PLC TRS                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-60528.39    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Iwg Ln Trs:byvqys0                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | JE        |         1 | NC      | $-68642.05    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Jet2 Ln Trs:b1722w1                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-51710.23    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Jsg Ln Trs:0476281                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-29023.85    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | JTC PLC TRS                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-78067.43    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Just Ln Trs:bcrx1j1                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-156074.71   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Kingspan Group PLC TRS                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IE        |         1 | NC      | $-76842.93    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Labs Ln Trs:bp5x4q2                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $81253.50     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Lmp Ln Trs:b4wfw71                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-76263.49    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Luce Ln Trs:bzc0lp4                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-83842.23    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Mab Ln Trs:b1fp6h5                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-48862.93    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Mab1 Ln Trs:bqsbh50                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-61498.34    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Megp Ln Trs:0848125                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-36417.09    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Melexis NV TRS                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $-130427.44   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Mer Ln Trs:0563042                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-30956.47    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Mlhl Ln Trs:bvybw43                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $175342.05    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Moncler SpA TRS                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IT        |         1 | NC      | $-411887.79   | -0.16%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Mony Ln Trs:b1zbky8                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-59750.51    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Moon Ln Trs:bmt9k01                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-70524.57    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Mitie Group PLC TRS                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-102560.72   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Nemetschek SE TRS                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | DE        |         1 | NC      | $-190566.12   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ng/ Ln Trs:bdr05c0                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-88278.72    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Nibeb Ss Trs:bn7bzm3                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | SE        |         1 | NC      | $-31219.25    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Nod No Trs:b00zg06                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | NO        |         1 | NC      | $-43803.33    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Osb Ln Trs:bldrh36                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-99284.26    | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Paf Ln Trs:0430049                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-57815.90    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pag Ln Trs:b2ngpm5                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-223928.96   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pay Ln Trs:b02qnd9                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-52752.27    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pey Ln Trs:b28c2r2                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GG        |         1 | NC      | $400779.49    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pfd Ln Trs:b7n0k05                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-124051.37   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Pin Ln Trs:bp37wf1                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $216906.16    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Plus Ln Trs:bbt3ps9                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-75178.77    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Poln Ln Trs:bmhg0h1                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GG        |         1 | NC      | $-12875.44    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Polr Ln Trs:b1gclt2                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-46629.16    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Prsr Ln Trs:bf01nh5                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $84162.82     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Prv Ln Trs:0696368                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-60771.61    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Prysmian SpA TRS                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-63344.59    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Rational AG TRS                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | BE        |         1 | NC      | $-429963.37   | -0.16%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Rayb Ss Trs:7591239                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | SE        |         1 | NC      | $-28185.69    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | RIT Capital Partners PLC TRS                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1934024.44   | 0.74%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recordati Industria Chimica e Farmaceutica SpA TRS                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IT        |         1 | NC      | $-336057.42   | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Reply SpA TRS                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | IT        |         1 | NC      | $-121440.92   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Rmii Ln Trs:bymtbg5                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $212072.22    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Rms Fp Trs:5253973                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | FR        |         1 | NC      | $-19240.66    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Ror Ln Trs:bvfnzh2                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-88795.54    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | RWE AG TRS                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | DE        |         1 | NC      | $-44090.89    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Safe Ln Trs:b1n7z09                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-79236.11    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Scottish American Investment Co. PLC TRS                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $119124.85    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Sabre Insurance Group PLC TRS                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-23834.79    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Sct Ln Trs:byzdvk8                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-66489.79    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Sdp Ln Trs:0791887                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $3609.47      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | SDCL Efficiency Income Trust PLC TRS                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $2525371.12   | 0.97%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | SGS SA TRS                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CH        |         1 | NC      | $-6122.24     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Spx Ln Trs:bwfgqn1                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-432533.97   | -0.17%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Serica Energy PLC TRS                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-30599.13    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | SigmaRoc PLC TRS                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-224378.57   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Sirius Real Estate, Ltd. TRS                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-71282.71    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Snam SpA TRS                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-24693.54    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Srp Ln Trs:0797379                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-271675.26   | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | SSE PLC TRS                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-37615.39    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Sst Ln Trs:0783613                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $30784.92     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Svs Ln Trs:b135bj4                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-35254.31    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Sword Group TRS                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | ES        |         1 | NC      | $-13585.34    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Sync Ln Trs:b8p59c0                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GG        |         1 | NC      | $1110266.36   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Tbcg Ln Trs:byt1830                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-41580.57    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Blackrock Throgmorton Trust PLC TRS                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1317191.46   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Trig Ln Trs:bbhx2h9                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GG        |         1 | NC      | $202162.85    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Trn Ln Trs:bkdtk92                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-31101.49    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Trst Ln Trs:bnk9tp5                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-79972.66    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Umg Na Trs:bnzgvv1                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | NL        |         1 | NC      | $-306438.46   | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | VEF AB TRS                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | SE        |         1 | NC      | $31045.09     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Veil Ln Trs:bd9x204                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | KY        |         1 | NC      | $25430.97     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Veolia Environnement SA TRS                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | FR        |         1 | NC      | $-132349.37   | -0.05%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Viv Fp Trs:4834777                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | FR        |         1 | NC      | $1014285.11   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Vof Ln Trs:byxvt88                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GG        |         1 | NC      | $451363.23    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Vsl Ln Trs:bvg6x43                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $158751.39    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Weibo Corp. TRS                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         1 | NC      | $1904400.00   | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Wix Ln Trs:bl6c200                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-22097.73    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Wkp Ln Trs:b67g5x0                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $1562972.02   | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Xps Ln Trs:bddn1t2                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-188697.14   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv You Ln Trs:b1vq6h2                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-14006.69    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Recv Zig Ln Trs:b41h739                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | GB        |         1 | NC      | $-19120.65    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Kla Corp                                                                         | KLA Corp.                                                                        | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Short            | EC               | CORP              | US        |      -102 | NS      | $-145649.88   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Kulicke & Soffa Industries Inc                                                   | Kulicke & Soffa Industries, Inc.                                                 | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Short            | EC               | CORP              | US        |      -351 | NS      | $-20122.83    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Krakacquisition Corp                                                             | KRAKacquisition Corp.                                                            | CUSIP: G5315G122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6428 | NS      | $65147.78     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Rice Acquisition Corp 3                                                          | Rice Acquisition Corp. 3                                                         | CUSIP: G7553X106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      8604 | NS      | $89481.60     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Lafayette Digital Acquisition Corp I. CL A                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     67720 | NS      | $203.16       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Lafayette Digital Acquisition Corp I. CL B                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     13544 | NS      | $135440.00    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | LAUNCHPADA Class A                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     64822 | NS      | $259.29       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | LAUNCHPADB Class B                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     54019 | NS      | $81028.50     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | LeapFrog Partners LLC, CLASS A                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     95057 | NS      | $475.29       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | LeapFrog Partners LLC, CLASS B                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     11882 | NS      | $118820.00    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| Legato Merger Corp Iv                                                            | Legato Merger Corp. IV                                                           | CUSIP: G7318R121<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3330 | NS      | $33399.90     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Bny Mellon Strategic Municipals Inc                                              | BNY Mellon Strategic Municipals, Inc.                                            | CUSIP: 05588W108<br>LEI: 549300FH0LKMOBY7N332 | Long             | EC               | RF                | US        |     21897 | NS      | $141892.56    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Leapfrog Acquisition Corp                                                        | Leapfrog Acquisition Corp.                                                       | CUSIP: G5414D129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3655 | NS      | $36842.40     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Littelfuse Inc                                                                   | Littelfuse, Inc.                                                                 | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Short            | EC               | CORP              | US        |      -308 | NS      | $-99718.08    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Lumentum Holdings Inc                                                            | Lumentum Holdings, Inc.                                                          | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Short            | EC               | CORP              | US        |      -421 | NS      | $-164964.64   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Eli Lilly & Co                                                                   | Eli Lilly & Co.                                                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Short            | EC               | CORP              | US        |        -1 | NS      | $-1037.15     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Alliant Energy Corp                                                              | Alliant Energy Corp.                                                             | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Short            | EC               | CORP              | US        |      -365 | NS      | $-24057.15    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Lam Research Corp                                                                | Lam Research Corp.                                                               | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Short            | EC               | CORP              | US        |      -291 | NS      | $-67936.86    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Blue Holdings Sponsor                                                            | Blue Holdings Sponsor Class A                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    137148 | NS      | $433387.68    | 0.17%             |  |  |  | No            | 3                  | On Loan: No      |
| Blue Holdings Sponsor                                                            | Blue Holdings Sponsor Class B                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     13715 | NS      | $47865.35     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Mastercard Inc                                                                   | Mastercard, Inc.                                                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Short            | EC               | CORP              | US        |      -465 | NS      | $-250537.35   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| M3-brigade Acquisition V Corp                                                    | M3-Brigade Acquisition V Corp.                                                   | CUSIP: G63212107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |         1 | NS      | $10.65        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| MI7 Founders, LLC                                                                | MI7 Founders, LLC (MBAV) Convertible Note 1% 7/30                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2364575 | PA      | $2427236.24   | 0.93%             | 2030-07-01      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| MI7 Founders, LLC                                                                | MI7 Founders, LLC (MBAV) Class A PIPE                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    236458 | NS      | $1896393.16   | 0.73%             |  |  |  | No            | 3                  | On Loan: No      |
| MI7 Founders, LLC                                                                | MI7 Founders, LLC (MBAV) Class A Warrants                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    236458 | NC      | $182072.66    | 0.07%             |  |  |  | No            | 3                  | On Loan: No      |
| MI7 Founders, LLC                                                                | MI7 Founders, LLC (MBAV) Class Z Warrants                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     78859 | NC      | $55201.30     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Mongodb Inc                                                                      | MongoDB, Inc.                                                                    | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Short            | EC               | CORP              | US        |       -92 | NS      | $-34162.36    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Medpace Holdings Inc                                                             | Medpace Holdings, Inc.                                                           | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Short            | EC               | CORP              | US        |      -419 | NS      | $-244059.12   | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| Mercadolibre Inc                                                                 | MercadoLibre, Inc.                                                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Short            | EC               | CORP              | US        |       -12 | NS      | $-25773.48    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                                                               | Meta Platforms, Inc.                                                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Short            | EC               | CORP              | US        |      -472 | NS      | $-338188.00   | -0.13%            |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                                                               | Meta Platforms, Inc.                                                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       450 | NS      | $322425.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                                                   | Google CDS USD 12/30 GS                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $126761.38    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs                                                                    | Google CDS USD 12/30 GS                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $4109.08      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Mineralys Therapeutics Inc                                                       | Mineralys Therapeutics, Inc.                                                     | CUSIP: 603170101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -992 | NS      | $-30642.88    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Monday.com Ltd                                                                   | Monday.com, Ltd.                                                                 | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Short            | EC               | CORP              | IL        |      -159 | NS      | $-18245.25    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Monolithic Power Systems Inc                                                     | Monolithic Power Systems, Inc.                                                   | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Short            | EC               | CORP              | US        |      -128 | NS      | $-143891.20   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology Inc                                                           | Marvell Technology, Inc.                                                         | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Short            | EC               | CORP              | US        |      -627 | NS      | $-49482.84    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Short            | EC               | CORP              | US        |       -44 | NS      | $-8043.20     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Msci Inc                                                                         | MSCI, Inc.                                                                       | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Short            | EC               | CORP              | US        |      -523 | NS      | $-318622.06   | -0.12%            |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp                                                                   | Microsoft Corp.                                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Short            | EC               | CORP              | US        |      -544 | NS      | $-234077.76   | -0.09%            |  |  |  | No            | 1                  | On Loan: No      |
| Micron Technology Inc                                                            | Micron Technology, Inc.                                                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Short            | EC               | CORP              | US        |      -533 | NS      | $-221131.04   | -0.08%            |  |  |  | No            | 1                  | On Loan: No      |
| Nakamoto Inc                                                                     | Nakamoto, Inc.                                                                   | CUSIP: 49457M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    497183 | NS      | $176052.50    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Neurocrine Biosciences Inc                                                       | Neurocrine Biosciences, Inc.                                                     | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Short            | EC               | CORP              | US        |     -1056 | NS      | $-143679.36   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Abn Amro Euro Sustainable Money Market                                           | ABN Amro Euro Sustainable Money Market                                           | CUSIP: N/A<br>LEI: 969500ZZMMN1N7HTVV44       | Long             | EC               | CORP              | US        |        64 | NS      | $64449.63     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| NEMO ENTERPRISES INC                                                             | NEMO ENTERPRISES INC                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        64 | NC      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Cloudflare Inc                                                                   | Cloudflare, Inc.                                                                 | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Short            | EC               | CORP              | US        |      -560 | NS      | $-99316.00    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | NEW HOLLAND SPECIAL OPPORTUNITIES AGGREGATO LP Y-6                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2862 | NS      | $283403.06    | 0.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                              | NEW HOLLAND SPECIAL OPPORTUNITIE AGGREGATOR LP Y-7                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     59249 | NS      | $6320095.10   | 2.42%             |  |  |  | No            | N/A                | On Loan: No      |
| New Holland Special Opportunities Aggregator LP                                  | New Holland Special Opportunities Aggregator LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1567 | NS      | $1787377.55   | 0.69%             |  |  |  | No            | N/A                | On Loan: No      |
| New Providence Acquisition Corp Iii                                              | New Providence Holdings III, LLC CL A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    126069 | NS      | $259702.14    | 0.10%             |  |  |  | No            | 3                  | On Loan: No      |
| New Providence Acquisition Corp Iii                                              | New Providence Holdings III, LLC CL A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15759 | NS      | $35457.75     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Virtus Dividend Interest & Premium Strategy Fund                                 | Virtus Dividend Interest & Premium Strategy Fund                                 | CUSIP: 92840R101<br>LEI: 549300535GECAFITZP67 | Long             | EC               | RF                | US        |     14430 | NS      | $194516.40    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Netflix Inc                                                                      | Netflix, Inc.                                                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1178 | NS      | $98351.22     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Netflix Inc                                                                      | Netflix, Inc.                                                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Short            | EC               | CORP              | US        |      -415 | NS      | $-34648.35    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Crane Harbor Sponsor II, CL A                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     40514 | NS      | $202.57       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Crane Harbor Sponsor II, CL B                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8103 | NS      | $81030.00     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| Nuveen Municipal High Income Opportunity Fund                                    | Nuveen Municipal High Income Opportunity Fund                                    | CUSIP: 670682103<br>LEI: BN7VUB6JBYC7TTWZRZ58 | Short            | EC               | RF                | US        |      -769 | NS      | $-8012.98     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Northland Power Inc                                                              | Northland Power, Inc.                                                            | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Short            | EC               | CORP              | CA        |     -3345 | NS      | $-46109.98    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Integrity Labs Inc.                                                              | Integrity Labs Inc.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    445127 | NS      | $433197.60    | 0.17%             |  |  |  | No            | 3                  | On Loan: No      |
| Natera Inc                                                                       | Natera, Inc.                                                                     | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Short            | EC               | CORP              | US        |      -112 | NS      | $-25887.68    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Nu Holdings Ltd/cayman Islands                                                   | NU Holdings, Ltd.                                                                | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Short            | EC               | CORP              | KY        |     -1024 | NS      | $-18176.00    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Nvidia Corp                                                                      | NVIDIA Corp.                                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |     -3981 | NS      | $-760888.53   | -0.29%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs                                                                    | NVIDIA Corp. CDS USD 12/30                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $44636.52     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Nvent Electric Plc                                                               | nVent Electric PLC                                                               | CUSIP: G6700G107<br>LEI: N/A                  | Short            | EC               | CORP              | IE        |      -716 | NS      | $-80378.16    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Nexgen Energy Ltd                                                                | NexGen Energy, Ltd.                                                              | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Short            | EC               | CORP              | CA        |    -10763 | NS      | $-135290.91   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Oddity Tech Ltd                                                                  | Oddity Tech, Ltd.                                                                | CUSIP: M7518J104<br>LEI: 254900QH12XZS53G0V57 | Short            | EC               | CORP              | IL        |     -5265 | NS      | $-172902.60   | -0.07%            |  |  |  | No            | 1                  | On Loan: No      |
| Cohen Circle Sponsor II                                                          | Cohen Circle Sponsor II, LLC Class A                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     34290 | NS      | $93611.70     | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Cohen Circle Sponsor II                                                          | Cohen Circle Sponsor II, LLC Class B                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      6858 | NS      | $20162.52     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Oneim Acquisition Corp                                                           | OneIM Acquisition Corp.                                                          | CUSIP: G6S74K122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     55564 | NS      | $561196.40    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| 1rt Acquisition Corp                                                             | 1RT Acquisition Corp.                                                            | CUSIP: G6757R105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     22971 | NS      | $234533.91    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Optimum Communications Inc                                                       | Optimum Communications, Inc.                                                     | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    140736 | NS      | $215326.08    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Ormat Technologies Inc                                                           | Ormat Technologies, Inc.                                                         | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Short            | EC               | CORP              | US        |      -978 | NS      | $-122191.32   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp                                                                      | Oracle Corp.                                                                     | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Short            | EC               | CORP              | US        |      -330 | NS      | $-54311.40    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp                                                                      | Oracle Corp.                                                                     | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       580 | NS      | $95456.40     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| J.P. Morgan Chase & Co.                                                          | Oracle Corp. CDS USD 12/30 JPM                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-179387.48   | -0.07%            |  |  |  | No            | 2                  | On Loan: No      |
| Intercontinental Exchange                                                        | Oracle Corp. CDS USD 12/28                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-12177.56    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Intercontinental Exchange                                                        | Oracle Corp. CDS USD 12/30 JPM                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-35316.99    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs                                                                    | Oracle Corp. CDS USD 12/30 JPM                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-239238.73   | -0.09%            |  |  |  | No            | 2                  | On Loan: No      |
| Otg Acquisition Corp I                                                           | OTG Acquisition Corp. I                                                          | CUSIP: G6791A100<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4476 | NS      | $45118.08     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Oxley Bridge Holdings LLC                                                        | Oxley Bridge Holdings LLC Class A                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    128263 | NS      | $112871.44    | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Oxley Bridge Holdings LLC                                                        | Oxley Bridge Holdings LLC Class B                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    160330 | NS      | $33669.30     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Oyster Enterprises II LLC                                                        | Oyster Enterprises II LLC CL A                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    134995 | NS      | $256490.50    | 0.10%             |  |  |  | No            | 3                  | On Loan: No      |
| Oyster Enterprises II LLC                                                        | Oyster Enterprises II LLC CL B                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     16874 | NS      | $35772.88     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Pagseguro Digital Ltd                                                            | Pagseguro Digital, Ltd.                                                          | CUSIP: G68707101<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | KY        |    140185 | NS      | $1577081.25   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Paycom Software Inc                                                              | Paycom Software, Inc.                                                            | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Short            | EC               | CORP              | US        |     -1037 | NS      | $-139735.75   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Procap Acquisition Corp                                                          | ProCap Acquisition Corp.                                                         | CUSIP: G7257A105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     18304 | NS      | $186883.84    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Pimco California Municipal Income Fund                                           | PIMCO California Municipal Income Fund                                           | CUSIP: 72200N106<br>LEI: M4DHYCROG6SFNO22X437 | Long             | EC               | RF                | US        |      2248 | NS      | $20207.42     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Pegasystems Inc                                                                  | Pegasystems, Inc.                                                                | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Short            | EC               | CORP              | US        |     -1022 | NS      | $-44651.18    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Adams Natural Resources Fund Inc                                                 | Adams Natural Resources Fund, Inc.                                               | CUSIP: 00548F105<br>LEI: 549300LPTQAH0G3NGD42 | Long             | EC               | RF                | US        |     24652 | NS      | $603727.48    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Philips Nv                                                           | Koninklijke Philips NV                                                           | CUSIP: N7637U112<br>LEI: H1FJE8H61JGM1JSGM897 | Short            | EC               | CORP              | NL        |    -32118 | NS      | $-918657.87   | -0.35%            |  |  |  | No            | 1                  | On Loan: No      |
| Pengana International Equities Ltd                                               | Pengana International Equities, Ltd.                                             | CUSIP: Q7377W101<br>LEI: 549300CHRVZUD361YS09 | Long             | EC               | CORP              | AU        |   1064780 | NS      | $949067.87    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| PK Fund 2023, LLC                                                                | PK Fund 2023, LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       868 | NS      | $867897.80    | 0.33%             |  |  |  | No            | 3                  | On Loan: No      |
| Dave & Buster's Entertainment Inc                                                | Dave & Buster's Entertainment, Inc.                                              | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |     29305 | NS      | $550054.85    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc                                                                     | Prologis, Inc.                                                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Short            | EC               | CORP              | US        |       -34 | NS      | $-4439.04     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc                                                  | Philip Morris International, Inc.                                                | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Short            | EC               | CORP              | US        |       -75 | NS      | $-13458.00    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Perimeter Acquisition Corp I                                                     | Perimeter Acquisition Corp. I                                                    | CUSIP: G7010A129<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     63968 | NS      | $663987.84    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Pentair Plc                                                                      | Pentair PLC                                                                      | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Short            | EC               | CORP              | IE        |      -448 | NS      | $-47205.76    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Insulet Corp                                                                     | Insulet Corp.                                                                    | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Short            | EC               | CORP              | US        |       -65 | NS      | $-16627.65    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Polestar Automotive Holding Uk Plc                                               | Polestar Automotive Holding UK PLC                                               | CUSIP: 731105409<br>LEI: 894500HDA1DJKHYN4D83 | Long             | EC               | CORP              | GB        |     10417 | NS      | $157609.21    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Pure Storage Inc                                                                 | Pure Storage, Inc.                                                               | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Short            | EC               | CORP              | US        |      -283 | NS      | $-19679.82    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Ptc Inc                                                                          | PTC, Inc.                                                                        | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Short            | EC               | CORP              | US        |      -422 | NS      | $-65886.86    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Hyperliquid Strategies Inc                                                       | Hyperliquid Strategies, Inc.                                                     | CUSIP: 44916Y106<br>LEI: 98450073FF7E1B63N260 | Short            | EC               | CORP              | US        |       -87 | NS      | $-393.16      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Hyperliquid Strategies Inc                                                       | Hyperliquid Strategies, Inc.                                                     | CUSIP: 44916Y106<br>LEI: 98450073FF7E1B63N260 | Long             | EC               | CORP              | US        |     64760 | NS      | $294008.58    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Canopy TL 2031 1L                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8402168 | PA      | $7774265.17   | 2.98%             | 2031-01-08      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Qualys Inc                                                                       | Qualys, Inc.                                                                     | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Short            | EC               | CORP              | US        |     -1964 | NS      | $-259051.60   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Quantalx SAFE                                                                    | CUSIP: QUANTALX2<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       328 | NS      | $327172.99    | 0.13%             |  |  |  | No            | 3                  | On Loan: No      |
| Uniqure Nv                                                                       | uniQure NV                                                                       | CUSIP: N90064101<br>LEI: 724500RPCTZLFYJZ3S98 | Short            | EC               | CORP              | NL        |     -1519 | NS      | $-34511.68    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Real Asset Acquisition Corp                                                      | Real Asset Acquisition Corp.                                                     | CUSIP: G73944103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25855 | NS      | $268892.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari Nv                                                                       | Ferrari NV                                                                       | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Short            | EC               | CORP              | NL        |     -9081 | NS      | $-3022586.68  | -1.16%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Range Capital Acquisition Corp II Class B                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8914 | NS      | $11499.06     | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Range Capital Acquisition Corp II Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     71311 | NS      | $81294.54     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| Roblox Corp                                                                      | ROBLOX Corp.                                                                     | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Short            | EC               | CORP              | US        |      -196 | NS      | $-12888.96    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Republic Digital Acquisition Co                                                  | Republic Digital Acquisition Co.                                                 | CUSIP: G7515A103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     43541 | NS      | $448036.89    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Reddit Inc                                                                       | Reddit, Inc.                                                                     | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Short            | EC               | CORP              | US        |      -152 | NS      | $-27401.04    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Red Violet Inc                                                                   | Red Violet, Inc.                                                                 | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Short            | EC               | CORP              | US        |      -311 | NS      | $-14144.28    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Radware Ltd                                                                      | Radware, Ltd.                                                                    | CUSIP: M81873107<br>LEI: 254900LYRZOTBQ99ZG59 | Short            | EC               | CORP              | IL        |     -1229 | NS      | $-29680.35    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Real view imaging LTD SAFE                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |       131 | NS      | $130862.51    | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| Regal Partners Global Investments Ltd                                            | Regal Partners Global Investments, Ltd.                                          | CUSIP: Q9395Z108<br>LEI: 549300JHME36HG5U2Y72 | Long             | EC               | CORP              | AU        |    626215 | NS      | $1072719.04   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Repligen Corp                                                                    | Repligen Corp.                                                                   | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |      -451 | NS      | $-67365.87    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Avidity Biosciences Inc                                                          | Avidity Biosciences, Inc.                                                        | CUSIP: 05370A108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1350 | NS      | $-97969.50    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Range Capital Acquisition Corp Ii                                                | Range Capital Acquisition Corp. II                                               | CUSIP: G7375J103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     20090 | NS      | $200699.10    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Rollins Inc                                                                      | Rollins, Inc.                                                                    | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Short            | EC               | CORP              | US        |     -5063 | NS      | $-320690.42   | -0.12%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                                                      | EURO/GBP FUTURE   Mar26                                                          | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DFE              | CORP              | US        |        -6 | NC      | $-891100.29   | -0.34%            |  |  |  | No            | 1                  | On Loan: No      |
| Renatus Tactical Acquisition Corp I                                              | Renatus Tactical Acquisition Corp. I                                             | CUSIP: G7490F101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      5464 | NS      | $58464.80     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Revolution Medicines Inc                                                         | Revolution Medicines, Inc.                                                       | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Short            | EC               | CORP              | US        |     -2764 | NS      | $-267969.80   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Procap Financial Inc Founder Warrants                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      9820 | NC      | $5204.60      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Space Asset Acquisition Corp                                                     | Space Asset Acquisition Corp.                                                    | CUSIP: G8375S127<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     10656 | NS      | $108584.64    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabre Corp                                                                       | Sabre Corp.                                                                      | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Short            | EC               | CORP              | US        |    -71707 | NS      | $-93219.10    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Sabre Corp                                                                       | Sabre Corp.                                                                      | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |     59539 | NS      | $77400.70     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Silverbox Corp V                                                                 | SilverBox Corp. V                                                                | CUSIP: G8148S123<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2958 | NS      | $29727.90     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Silverbox Corp V                                                                 | SilverBox Corp. V                                                                | CUSIP: G8148S123<br>LEI: N/A                  | Short            | EC               | CORP              | KY        |     -2958 | NS      | $-29727.90    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs                                                                    | CSC Holdings, LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-86710.61    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| Chicago Mercantile Exchange                                                      | CHF Currency Fut                                                                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DFE              | CORP              | US        |         7 | NC      | $1138812.50   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Shopify Inc                                                                      | Shopify, Inc.                                                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Short            | EC               | CORP              | CA        |      -251 | NS      | $-32938.73    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Shopify Inc                                                                      | Shopify, Inc.                                                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Short            | EC               | CORP              | CA        |      -136 | NS      | $-17811.39    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Sitime Corp                                                                      | SiTime Corp.                                                                     | CUSIP: 82982T106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |       -97 | NS      | $-35221.67    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Sizzle Acquisition Corp Ii                                                       | Sizzle II VO Sponsor II, LLC Class A                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72306 | NS      | $116412.66    | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Sizzle Acquisition Corp Ii                                                       | Sizzle II VO Sponsor II, LLC Class B                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      9039 | NS      | $16089.42     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Super Micro Computer Inc                                                         | Super Micro Computer, Inc.                                                       | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Short            | EC               | CORP              | US        |     -1108 | NS      | $-32253.88    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Snap Inc                                                                         | Snap, Inc.                                                                       | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |    182547 | NS      | $1265050.71   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Snowflake Inc                                                                    | Snowflake, Inc.                                                                  | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Short            | EC               | CORP              | US        |      -505 | NS      | $-97313.50    | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Synopsys Inc                                                                     | Synopsys, Inc.                                                                   | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Short            | EC               | CORP              | US        |      -253 | NS      | $-117674.10   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Soulpower Acquisition Corp                                                       | Soulpower Acquisition Sponsor LLC Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    120459 | NS      | $208394.07    | 0.08%             |  |  |  | No            | 3                  | On Loan: No      |
| Soulpower Acquisition Corp                                                       | Soulpower Acquisition Sponsor LLC Class B                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15057 | NS      | $28909.44     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Spotify Technology Sa                                                            | Spotify Technology SA                                                            | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Short            | EC               | CORP              | LU        |      -144 | NS      | $-72050.40    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Sps Commerce Inc                                                                 | SPS Commerce, Inc.                                                               | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Short            | EC               | CORP              | US        |       -66 | NS      | $-5891.16     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Scholar Rock Holding Corp                                                        | Scholar Rock Holding Corp.                                                       | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Short            | EC               | CORP              | US        |     -1360 | NS      | $-60302.40    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| BEEHERO LTD                                                                      | G-ILS Transporation, Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      2000 | NS      | $1401500.00   | 0.54%             |  |  |  | No            | 3                  | On Loan: No      |
| Star Holdings                                                                    | Star Holdings                                                                    | CUSIP: 85512G106<br>LEI: 549300NXTGWF12PTMW64 | Long             | EC               | CORP              | US        |    130599 | NS      | $1021284.18   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Stellantis Nv                                                                    | Stellantis NV                                                                    | CUSIP: N82405106<br>LEI: 549300LKT9PW7ZIBDF31 | Short            | EC               | CORP              | NL        |    -42121 | NS      | $-415734.27   | -0.16%            |  |  |  | No            | 1                  | On Loan: No      |
| Stellantis NV                                                                    | Stellantis NV                                                                    | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Short            | EC               | CORP              | NL        |    -69191 | NS      | $-679583.03   | -0.26%            |  |  |  | No            | 1                  | On Loan: No      |
| STONERIDGE OPPORTUNITIES FUND LLP                                                | Stone Ridge Opportunities Fund LLP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     24000 | NS      | $38184000.00  | 14.64%            |  |  |  | No            | N/A                | On Loan: No      |
| Sharps Technology Inc                                                            | Sharps Technology, Inc.                                                          | CUSIP: 82003F309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180245 | NS      | $373107.15    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Sharps Technology Inc                                                            | Sharps Technology, Inc.                                                          | CUSIP: 82003F309<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -16422 | NS      | $-33993.54    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | Sharps Technology INC Warrant A                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     44101 | NC      | $82909.88     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                              | Sharps Technology INC Warrant B                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    174658 | NC      | $36678.18     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Seagate Technology Holdings Plc                                                  | Seagate Technology Holdings PLC                                                  | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Short            | EC               | CORP              | IE        |      -322 | NS      | $-131276.18   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Spring Valley Acquisition Corp Iii                                               | Spring Valley Acquisition Corp. III                                              | CUSIP: G8377R101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      5698 | NS      | $61424.44     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Stryker Corp                                                                     | Stryker Corp.                                                                    | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Short            | EC               | CORP              | US        |       -37 | NS      | $-13673.72    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Syncona Ltd                                                                      | Syncona, Ltd.                                                                    | CUSIP: G8651Q100<br>LEI: 213800X8MBI5VQITLW60 | Long             | EC               | CORP              | GB        |   1507674 | NS      | $2027946.44   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Berto Acquisition Corp                                                           | BERTO ACQUISITION Corp.                                                          | CUSIP: G1051H101<br>LEI: 5299004IBCSPGYGOI790 | Long             | EC               | CORP              | KY        |     24609 | NS      | $251257.89    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                              | TD.TR BROKER SWEEP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  22335792 | NS      | $22335791.97  | 8.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Telephone And Data Systems Inc                                                   | Telephone and Data Systems, Inc.                                                 | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |      8367 | NS      | $377602.71    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Teck Resources Ltd                                                               | Teck Resources, Ltd.                                                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Short            | EC               | CORP              | CA        |      -895 | NS      | $-48115.20    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Tempus Ai Inc                                                                    | Tempus AI, Inc.                                                                  | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Short            | EC               | CORP              | US        |      -155 | NS      | $-9272.10     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Tenet Healthcare Corp                                                            | Tenet Healthcare Corp.                                                           | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Short            | EC               | CORP              | US        |       -76 | NS      | $-14385.28    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Titan Acquisition Corp                                                           | Titan Acquisition Sponsor Holdco, LLC Class A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72306 | NS      | $98336.16     | 0.04%             |  |  |  | No            | 3                  | On Loan: No      |
| Titan Acquisition Corp                                                           | Titan Acquisition Sponsor Holdco, LLC Class B                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     90383 | NS      | $27114.90     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| Ton Strategy Co                                                                  | TON Strategy Co.                                                                 | CUSIP: 92337U302<br>LEI: 54930048C3BMORBXZM88 | Long             | EC               | CORP              | US        |     81105 | NS      | $211684.05    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs                                                                    | R.R. Donnelley & Sons Company                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |         1 | NC      | $-63543.43    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| Trex Co Inc                                                                      | Trex Co., Inc.                                                                   | CUSIP: 89531P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -811 | NS      | $-33591.62    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Trimble Inc                                                                      | Trimble, Inc.                                                                    | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Short            | EC               | CORP              | US        |     -1200 | NS      | $-81120.00    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Trade Desk Inc/the                                                               | Trade Desk, Inc.                                                                 | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Short            | EC               | CORP              | US        |       -82 | NS      | $-2487.06     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Take-two Interactive Software Inc                                                | Take-Two Interactive Software, Inc.                                              | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Short            | EC               | CORP              | US        |      -132 | NS      | $-29079.60    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Travere Therapeutics Inc                                                         | Travere Therapeutics, Inc.                                                       | CUSIP: 89422G107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -958 | NS      | $-29784.22    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Tradeweb Markets Inc                                                             | Tradeweb Markets, Inc.                                                           | CUSIP: 892672106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -387 | NS      | $-39888.09    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Uber Technologies Inc                                                            | Uber Technologies, Inc.                                                          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      5025 | NS      | $402251.25    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Direxion Daily Robotics Artificial Intelligence & Automation Index Bull 2x Share | Direxion Daily Robotics Artificial Intelligence & Automation Index Bull 2X Share | CUSIP: 25460G823<br>LEI: 549300T7PQ41I2T80K11 | Long             | EC               | RF                | US        |     13958 | NS      | $375418.56    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group Nv                                                         | Universal Music Group NV                                                         | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Short            | EC               | CORP              | NL        |    -26348 | NS      | $-645871.58   | -0.25%            |  |  |  | No            | 1                  | On Loan: No      |
| Union Pacific Corp                                                               | Union Pacific Corp.                                                              | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Short            | EC               | CORP              | US        |       -62 | NS      | $-14576.20    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                                                                         | Visa, Inc.                                                                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Short            | EC               | CORP              | US        |       -13 | NS      | $-4183.79     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Ftse Developed Markets Etf                                              | Vanguard FTSE Developed Markets ETF                                              | CUSIP: 921943858<br>LEI: 549300PTTIGTMUA02X28 | Short            | EC               | RF                | US        |    -78399 | NS      | $-5190013.80  | -1.99%            |  |  |  | No            | 1                  | On Loan: No      |
| Vef Ab                                                                           | VEF AB                                                                           | CUSIP: N/A<br>LEI: 549300GLLHHE80RQ2Y24       | Long             | EC               | CORP              | SE        |     53287 | NS      | $12502.93     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Vertex Inc                                                                       | Vertex, Inc.                                                                     | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     39234 | NS      | $727790.70    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Vicor Corp                                                                       | Vicor Corp.                                                                      | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Short            | EC               | CORP              | US        |      -332 | NS      | $-52346.44    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Vistance Networks Inc                                                            | Vistance Networks, Inc.                                                          | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |     23708 | NS      | $426744.00    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Veralto Corp                                                                     | Veralto Corp.                                                                    | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Short            | EC               | CORP              | US        |      -502 | NS      | $-49687.96    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Valmont Industries Inc                                                           | Valmont Industries, Inc.                                                         | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Short            | EC               | CORP              | US        |       -73 | NS      | $-32525.88    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Real Estate Etf                                                         | Vanguard Real Estate ETF                                                         | CUSIP: 922908553<br>LEI: 549300G6KNDK44WUN559 | Short            | EC               | RF                | US        |    -50256 | NS      | $-4563244.80  | -1.75%            |  |  |  | No            | 1                  | On Loan: No      |
| Voyager Technologies Inc                                                         | Voyager Technologies, Inc.                                                       | CUSIP: 92892B103<br>LEI: 254900DDCLSP240FE187 | Long             | EC               | CORP              | US        |      7299 | NS      | $222838.47    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Vera Bradley Inc                                                                 | Vera Bradley, Inc.                                                               | CUSIP: 92335C106<br>LEI: 52990005Q6LEJKXO7M51 | Long             | EC               | CORP              | US        |     25028 | NS      | $60067.20     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Varonis Systems Inc                                                              | Varonis Systems, Inc.                                                            | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Short            | EC               | CORP              | US        |      -652 | NS      | $-19455.68    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Verisk Analytics Inc                                                             | Verisk Analytics, Inc.                                                           | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Short            | EC               | CORP              | US        |     -1348 | NS      | $-293136.08   | -0.11%            |  |  |  | No            | 1                  | On Loan: No      |
| Verisign Inc                                                                     | VeriSign, Inc.                                                                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Short            | EC               | CORP              | US        |     -2004 | NS      | $-489436.92   | -0.19%            |  |  |  | No            | 1                  | On Loan: No      |
| Vertiv Holdings Co                                                               | Vertiv Holdings Co.                                                              | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Short            | EC               | CORP              | US        |      -334 | NS      | $-62184.12    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| Vertex Pharmaceuticals Inc                                                       | Vertex Pharmaceuticals, Inc.                                                     | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Short            | EC               | CORP              | US        |      -282 | NS      | $-132511.80   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Vistra Corp                                                                      | Vistra Corp.                                                                     | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Short            | EC               | CORP              | US        |       -87 | NS      | $-13776.45    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Total Stock Market Etf                                                  | Vanguard Total Stock Market ETF                                                  | CUSIP: 922908769<br>LEI: 549300G6KNDK44WUN559 | Short            | EC               | RF                | US        |    -15018 | NS      | $-5114680.26  | -1.96%            |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Ftse Emerging Markets Etf                                               | Vanguard FTSE Emerging Markets ETF                                               | CUSIP: 922042858<br>LEI: 549300UR5XWDVDO7NP96 | Short            | EC               | RF                | US        |    -95064 | NS      | $-5368264.08  | -2.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Verizon Communications Inc                                                       | Verizon Communications, Inc.                                                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Short            | EC               | CORP              | US        |      -130 | NS      | $-5787.60     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Weibo Corp                                                                       | Weibo Corp.                                                                      | CUSIP: 948596101<br>LEI: 549300Q9ID4640FE0422 | Long             | EC               | CORP              | KY        |    119257 | NS      | $1261739.06   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Webster Financial Corp                                                           | Webster Financial Corp.                                                          | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Short            | EC               | CORP              | US        |     -1914 | NS      | $-125883.78   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| Waste Connections Inc                                                            | Waste Connections, Inc.                                                          | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Short            | EC               | CORP              | CA        |      -672 | NS      | $-112423.60   | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Wen Sponsor LLC                                                                  | Wen Sponsor LLC Class A                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    125704 | NS      | $153358.88    | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| Wen Sponsor LLC                                                                  | Wen Sponsor LLC Class B                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    157130 | NS      | $45567.70     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Winnebago Industries Inc                                                         | Winnebago Industries, Inc.                                                       | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      6504 | NS      | $298598.64    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Williams Cos Inc/the                                                             | Williams Cos., Inc.                                                              | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Short            | EC               | CORP              | US        |      -120 | NS      | $-8071.20     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Drainage Systems Inc                                                    | Advanced Drainage Systems, Inc.                                                  | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Short            | EC               | CORP              | US        |      -531 | NS      | $-80733.24    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Watsco Inc                                                                       | Watsco, Inc.                                                                     | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Short            | EC               | CORP              | US        |       -68 | NS      | $-26278.60    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Watts Water Technologies Inc                                                     | Watts Water Technologies, Inc.                                                   | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Short            | EC               | CORP              | US        |      -178 | NS      | $-53277.18    | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| State Street Spdr S&p Biotech Etf                                                | State Street SPDR S&P Biotech ETF                                                | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Short            | EC               | RF                | US        |     -2000 | NS      | $-249500.00   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| Xcel Energy Inc                                                                  | Xcel Energy, Inc.                                                                | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Short            | EC               | CORP              | US        |       -97 | NS      | $-7377.82     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| State Street Materials Select Sector Spdr Etf                                    | State Street Materials Select Sector SPDR ETF                                    | CUSIP: 81369Y100<br>LEI: 549300N81BAQ1XPGBT65 | Short            | EC               | RF                | US        |     -1714 | NS      | $-84448.78    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| State Street Energy Select Sector Spdr Etf                                       | State Street Energy Select Sector SPDR ETF                                       | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Short            | EC               | RF                | US        |     -8974 | NS      | $-458122.70   | -0.18%            |  |  |  | No            | 1                  | On Loan: No      |
| State Street Utilities Select Sector Spdr Etf                                    | State Street Utilities Select Sector SPDR ETF                                    | CUSIP: 81369Y886<br>LEI: 549300ERQDM80PRYUH21 | Short            | EC               | RF                | US        |     -3387 | NS      | $-146487.75   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| State Street Health Care Select Sector Spdr Etf                                  | State Street Health Care Select Sector SPDR ETF                                  | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Short            | EC               | RF                | US        |      -159 | NS      | $-24603.66    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp                                                                 | Exxon Mobil Corp.                                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Short            | EC               | CORP              | US        |       -14 | NS      | $-1979.60     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Xtao Inc                                                                         | XTAO, Inc.                                                                       | CUSIP: G9T27M103<br>LEI: 254900JJUD4X8PHAKB45 | Long             | EC               | CORP              | KY        |    211098 | NS      | $105549.00    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| XTEND                                                                            | XTEND Preferred B-2 Shares                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | IL        |    579633 | NS      | $774911.36    | 0.30%             |  |  |  | No            | 3                  | On Loan: No      |
| Xylem Inc/ny                                                                     | Xylem, Inc.                                                                      | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Short            | EC               | CORP              | US        |      -616 | NS      | $-84927.92    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| Block Inc                                                                        | Block, Inc.                                                                      | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |     -1866 | NS      | $-112762.38   | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures Europe Financials                                                    | FTSE 250 Index FU Mar26                                                          | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | N/A              | DE               | CORP              | GB        |      -100 | NC      | $-6373339.17  | -2.44%            |  |  |  | No            | 1                  | On Loan: No      |
| Zillow Group Inc                                                                 | Zillow Group, Inc.                                                               | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Short            | EC               | CORP              | US        |     -4151 | NS      | $-261637.53   | -0.10%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures Europe Financials                                                    | FTSE 100 IDX Future                                                              | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | N/A              | DE               | CORP              | GB        |        -1 | NC      | $-139427.48   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: ZS0897653<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   6148000 | PA      | $87719.66     | 0.03%             | 2049-12-31      | Fixed         | 9.50%                 | No            | 2                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: ZS0897661<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   7568000 | PA      | $106415.16    | 0.04%             | 2049-12-31      | Fixed         | 10.00%                | No            | 2                  | On Loan: No      |
| China Evergrande Group                                                           | China Evergrande Group                                                           | CUSIP: ZS0897679<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |   4572000 | PA      | $65027.10     | 0.02%             | 2024-04-11      | Fixed         | 10.50%                | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Saba Capital Income & Opportunities Fund II

**Signature:** Troy Statczar

**Name of Signer:** Troy Statczar

**Title:** Principal Financial Officer