# EDGAR Filing Document

**Accession Number:** 0001281790
**File Stem:** 0001162044-25-001222
**Filing Date:** 2025-11
**Character Count:** 200664
**Document Hash:** 8f5c09a231b9008a5f5a750b7caa255d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-001222.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001162044-25-001222

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260630

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21532
- **FILM NUMBER:** 251533832

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** |
| &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** | &nbsp;&nbsp;**September 30, 2025** |
| &nbsp;&nbsp;**<u>Camelot Event Driven Fund</u>** | &nbsp;&nbsp;**<u>Camelot Event Driven Fund</u>** | &nbsp;&nbsp;**<u>Camelot Event Driven Fund</u>** |
|  | &nbsp;&nbsp;**Shares or Principal** |  |
| &nbsp;&nbsp;**Security Description** | &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;**Fair Value** |
| &nbsp;&nbsp;**Common Stocks - 79.61%** |  |  |
| &nbsp;&nbsp;**Air Transportation, Scheduled - 1.13%** |  |  |
| &nbsp;&nbsp;Southwest Airlines Co. (a) (b) | &nbsp;&nbsp;35000 | &nbsp;&nbsp;1116850 |
| &nbsp;&nbsp;**Aircraft Engines & Engine Parts - 0.64%** |  |  |
| &nbsp;&nbsp;Honeywell International, Inc. (a) | &nbsp;&nbsp;3000 | &nbsp;&nbsp;631500 |
| &nbsp;&nbsp;**Arrangement of Transportation of Freight & Cargo - 0.00%** |  |  |
| &nbsp;&nbsp;PS International Group, Ltd. (Hong Kong) | &nbsp;&nbsp;500 | &nbsp;&nbsp;242 |
| &nbsp;&nbsp;**Automotive - 0.02%** |  |  |
| &nbsp;&nbsp;Flyht Aerospace Solutions, Inc. (Canada) \* ◦^ † | &nbsp;&nbsp;101663 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Kodiak AI, Inc. | &nbsp;&nbsp;3100 | &nbsp;&nbsp;21204 |
|  |  | &nbsp;&nbsp;21204 |
| &nbsp;&nbsp;**Bakery Products - 0.47%** |  |  |
| &nbsp;&nbsp;Bab, Inc. | &nbsp;&nbsp;479411 | &nbsp;&nbsp;469823 |
| &nbsp;&nbsp;**Beverages - 0.39%** |  |  |
| &nbsp;&nbsp;Keurig Dr. Pepper, Inc. | &nbsp;&nbsp;15000 | &nbsp;&nbsp;382650 |
| &nbsp;&nbsp;**Biotech & Pharma - 0.00%** |  |  |
| &nbsp;&nbsp;Inyx, Inc. \* ◦ | &nbsp;&nbsp;167850 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Cable & Other Pay Television Services - 0.32%** |  |  |
| &nbsp;&nbsp;Liberty Broadband Corp. | &nbsp;&nbsp;5000 | &nbsp;&nbsp;317700 |
| &nbsp;&nbsp;**Canned, Frozen & Preserved Fruit, Veg & Food Specialties - 6.37%** |  |  |
| &nbsp;&nbsp;J. M. Smucker Co. (a) | &nbsp;&nbsp;4000 | &nbsp;&nbsp;434400 |
| &nbsp;&nbsp;Lamb Weston Holdings, Inc. (a) | &nbsp;&nbsp;45000 | &nbsp;&nbsp;2613600 |
| &nbsp;&nbsp;TreeHouse Foods, Inc. (a) \* | &nbsp;&nbsp;162000 | &nbsp;&nbsp;3274020 |
|  |  | &nbsp;&nbsp;6322020 |
| &nbsp;&nbsp;**Communications Services, NEC - 0.48%** |  |  |
| &nbsp;&nbsp;Intelsat Emergence SA (Luxembourg) \* ● | &nbsp;&nbsp;4675 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Prosus N.V. | &nbsp;&nbsp;33388 | &nbsp;&nbsp;471439 |

---

---

| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp;471439 |
| &nbsp;&nbsp;**Construction & Engineering - 0.11%** |  |  |
| &nbsp;&nbsp;WeBuild SpA ADR\* | &nbsp;&nbsp;25935 | &nbsp;&nbsp;107628 |
| &nbsp;&nbsp;**Drilling Oil & Gas Wells - 0.00%** |  |  |
| &nbsp;&nbsp;Seadrill Ltd. (Bermuda) \* | &nbsp;&nbsp;2 | &nbsp;&nbsp;60 |
| &nbsp;&nbsp;**Crude Petroleum & Natural Gas - 1.98%** |  |  |
| &nbsp;&nbsp;Crescent Energy Co. | &nbsp;&nbsp;90000 | &nbsp;&nbsp;802800 |
| &nbsp;&nbsp;Devon Energy Corp. (b) | &nbsp;&nbsp;33000 | &nbsp;&nbsp;1156980 |
|  |  | &nbsp;&nbsp;1959780 |
| &nbsp;&nbsp;**Electric Housewares & Fans - 0.13%** |  |  |
| &nbsp;&nbsp;Helen of Troy, Ltd. (a)(b) | &nbsp;&nbsp;5000 | &nbsp;&nbsp;126000 |
| &nbsp;&nbsp;**Financial Services - 0.44%** |  |  |
| &nbsp;&nbsp;SBI Holdings, Inc. | &nbsp;&nbsp;10000 | &nbsp;&nbsp;435074 |
| &nbsp;&nbsp;Sino-Ocean Group Holdings, Ltd. | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;41117 |
|  |  | &nbsp;&nbsp;476190 |
| &nbsp;&nbsp;**Gaming, Lodging & Restaurants - 0.10%** |  |  |
| &nbsp;&nbsp;Guoco Group Ltd. (Bermuda) \* | &nbsp;&nbsp;10000 | &nbsp;&nbsp;97974 |
| &nbsp;&nbsp;**Gold and Silver Ores - 16.19%** |  |  |
| &nbsp;&nbsp;B2Gold Corp. (Canada) | &nbsp;&nbsp;720200 | &nbsp;&nbsp;3564990 |
| &nbsp;&nbsp;Barrick Gold Corp. (Canada) (a)(b) | &nbsp;&nbsp;52500 | &nbsp;&nbsp;1720425 |
| &nbsp;&nbsp;Newmont Corp. | &nbsp;&nbsp;72000 | &nbsp;&nbsp;6070320 |
| &nbsp;&nbsp;Seabridge Gold, Inc. (Canada) \* (a) | &nbsp;&nbsp;195000 | &nbsp;&nbsp;4709250 |
|  |  | &nbsp;&nbsp;16064985 |
| &nbsp;&nbsp;**Grain Mill Products - 0.39%** |  |  |
| &nbsp;&nbsp;Freshpet, Inc. | &nbsp;&nbsp;7000 | &nbsp;&nbsp;385770 |
| &nbsp;&nbsp;**Guided Missiles & Space Vehicles & Parts - 1.26%** |  |  |
| &nbsp;&nbsp;Lockheed Martin Corp. | &nbsp;&nbsp;2500 | &nbsp;&nbsp;1248025 |
| &nbsp;&nbsp;**Hospital & Medical Service Plans - 6.60%** |  |  |
| &nbsp;&nbsp;Centene Corp Del | &nbsp;&nbsp;10000 | &nbsp;&nbsp;356800 |
| &nbsp;&nbsp;Humana Inc. (a) (b) | &nbsp;&nbsp;9000 | &nbsp;&nbsp;2341530 |
| &nbsp;&nbsp;Molina Healthcare, Inc. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;574080 |
| &nbsp;&nbsp;UnitedHealth Group, Inc. (a) | &nbsp;&nbsp;9500 | &nbsp;&nbsp;3280350 |
|  |  | &nbsp;&nbsp;6552760 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Industrial Inorganic Chemicals - 0.69%** |  |  |
| &nbsp;&nbsp;Air Products & Chemicals, Inc. (a)(b) | &nbsp;&nbsp;2500 | &nbsp;&nbsp;681800 |
| &nbsp;&nbsp;**Industrial Services - 0.04%** |  |  |
| &nbsp;&nbsp;Astaldi SpA SPF (Italy) \* | &nbsp;&nbsp;1022580 | &nbsp;&nbsp;40903 |
| &nbsp;&nbsp;**Internet Content & Information - 0.19%** |  |  |
| &nbsp;&nbsp;Scout24 SE ADR \* | &nbsp;&nbsp;1500 | &nbsp;&nbsp;187662 |
| &nbsp;&nbsp;**Media - 0.02%** |  |  |
| &nbsp;&nbsp;Apogee 21 Holdings, Inc.\* | &nbsp;&nbsp;50000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Clear Channel Outdoor Holdings, Inc. | &nbsp;&nbsp;11249 | &nbsp;&nbsp;17773 |
|  |  | &nbsp;&nbsp;17773 |
| &nbsp;&nbsp;**Metals & Mining - 0.00%** |  |  |
| &nbsp;&nbsp;Sacre-Coeur Minerals Ltd. (Canada) \* | &nbsp;&nbsp;109444 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Mineral Royalty Traders - 1.62%** |  |  |
| &nbsp;&nbsp;Royal Gold, Inc. | &nbsp;&nbsp;8000 | &nbsp;&nbsp;1604640 |
| &nbsp;&nbsp;**Oil, Gas & Coal - 11.96%** |  |  |
| &nbsp;&nbsp;Chevron Corp. | &nbsp;&nbsp;39000 | &nbsp;&nbsp;6056310 |
| &nbsp;&nbsp;Diamondback Energy, Inc. (a) | &nbsp;&nbsp;12500 | &nbsp;&nbsp;1788750 |
| &nbsp;&nbsp;Occidental Petroleum Corp. (a) | &nbsp;&nbsp;85000 | &nbsp;&nbsp;4016250 |
|  |  | &nbsp;&nbsp;11861310 |
| &nbsp;&nbsp;**Perfumes, Cosmetics & Other Toilet Preparations - 0.56%** |  |  |
| &nbsp;&nbsp;Colgate-Palmolive Co. | &nbsp;&nbsp;7000 | &nbsp;&nbsp;559580 |
| &nbsp;&nbsp;**Petroleum Refining - 11.18%** |  |  |
| &nbsp;&nbsp;BP PLC ADR (a) | &nbsp;&nbsp;95000 | &nbsp;&nbsp;3273700 |
| &nbsp;&nbsp;Marathon Petroleum Corp. (a) | &nbsp;&nbsp;4000 | &nbsp;&nbsp;770960 |
| &nbsp;&nbsp;Phillips 66 Co. (a)(b) | &nbsp;&nbsp;38000 | &nbsp;&nbsp;5168760 |
| &nbsp;&nbsp;Suncor Energy, Inc. (a) | &nbsp;&nbsp;45000 | &nbsp;&nbsp;1881450 |
|  |  | &nbsp;&nbsp;11094870 |
| &nbsp;&nbsp;**Pharmaceutical Preparations- 5.28%** |  |  |
| &nbsp;&nbsp;BioMarin Pharmaceutical, Inc. (a)(b)\* | &nbsp;&nbsp;92456 | &nbsp;&nbsp;5007417 |
| &nbsp;&nbsp;Emisphere Technologies, Inc. Δ \* | &nbsp;&nbsp;30000 | &nbsp;&nbsp;234300 |
|  |  | &nbsp;&nbsp;5241717 |
| &nbsp;&nbsp;**Plastics Products, NEC - 0.69%** |  |  |
| &nbsp;&nbsp;Covestro AG (Germany) | &nbsp;&nbsp;10000 | &nbsp;&nbsp;683986 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Radio Broadcasting Stations - 0.01%** |  |  |
| &nbsp;&nbsp;iHeartMedia, Inc. Class A \*◦ | &nbsp;&nbsp;4610 | &nbsp;&nbsp;13231 |
| &nbsp;&nbsp;Sirius XM Holdings | &nbsp;&nbsp;62 | &nbsp;&nbsp;1443 |
|  |  | &nbsp;&nbsp;14674 |
| &nbsp;&nbsp;**Radio & TV Broadcasting & Communications Equipment - 0.70%** |  |  |
| &nbsp;&nbsp;BlackSky Technology, Inc. (a) | &nbsp;&nbsp;15000 | &nbsp;&nbsp;302250 |
| &nbsp;&nbsp;KVH Industries, Inc.\* ◦ (b) | &nbsp;&nbsp;70000 | &nbsp;&nbsp;392000 |
|  |  | &nbsp;&nbsp;694250 |
| &nbsp;&nbsp;**Real Estate - 0.23%** |  |  |
| &nbsp;&nbsp;Greentown China Holdings Limited | &nbsp;&nbsp;20000 | &nbsp;&nbsp;24413 |
| &nbsp;&nbsp;Ronshine Service Holding Co., Ltd | &nbsp;&nbsp;150000 | &nbsp;&nbsp;4067 |
| &nbsp;&nbsp;Shimao Property Holdings Ltd. | &nbsp;&nbsp;2375656 | &nbsp;&nbsp;114468 |
| &nbsp;&nbsp;Sunac China Hildings Limited | &nbsp;&nbsp;300000 | &nbsp;&nbsp;65530 |
| &nbsp;&nbsp;Times China Holdings Ltd. | &nbsp;&nbsp;500000 | &nbsp;&nbsp;12399 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Ltd | &nbsp;&nbsp;85189 | &nbsp;&nbsp;2791 |
|  |  | &nbsp;&nbsp;223668 |
| &nbsp;&nbsp;**Retail - 0.95%** |  |  |
| &nbsp;&nbsp;Dollar Tree, Inc.\* (a) (b) | &nbsp;&nbsp;10000 | &nbsp;&nbsp;943700 |
| &nbsp;&nbsp;**Retail-Department Stores - 0.00%** |  |  |
| &nbsp;&nbsp;NWA SEN \*◦ † | &nbsp;&nbsp;791 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Retail - Eating Places - 3.41%** |  |  |
| &nbsp;&nbsp;Starbucks Corp. (a) (b) | &nbsp;&nbsp;40000 | &nbsp;&nbsp;3384000 |
| &nbsp;&nbsp;**Services - Business Services - 0.53%** |  |  |
| &nbsp;&nbsp;Akamai Technologies, Inc. | &nbsp;&nbsp;7000 | &nbsp;&nbsp;530320 |
| &nbsp;&nbsp;**Services-Computer Programming, Data Processing, Etc. - 1.10%** |  |  |
| &nbsp;&nbsp;Match Group, Inc. | &nbsp;&nbsp;31000 | &nbsp;&nbsp;1094920 |
| &nbsp;&nbsp;**Services - Computer Processing & Data Preparation - 0.46%** |  |  |
| &nbsp;&nbsp;Sohu.com Ltd.ADR \* | &nbsp;&nbsp;29000 | &nbsp;&nbsp;453270 |
| &nbsp;&nbsp;**Services - Employment Agencies - 0.07%** |  |  |
| &nbsp;&nbsp;51job, Inc. ADR \* Δ | &nbsp;&nbsp;15400 | &nbsp;&nbsp;71148 |
| &nbsp;&nbsp;**Services - Hospitals - 0.48%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Surgery Partners, Inc. (a) \* | &nbsp;&nbsp;22000 | &nbsp;&nbsp;476080 |
| &nbsp;&nbsp;**Services - Prepackaged Software - 0.78%** |  |  |
| &nbsp;&nbsp;Avidxchange Holdings, Inc. \* | &nbsp;&nbsp;50000 | &nbsp;&nbsp;497500 |
| &nbsp;&nbsp;Rapid7, Inc. (a) \* | &nbsp;&nbsp;12000 | &nbsp;&nbsp;225000 |
| &nbsp;&nbsp;USU Software AG | &nbsp;&nbsp;5000 | &nbsp;&nbsp;56105 |
|  |  | &nbsp;&nbsp;778605 |
| &nbsp;&nbsp;**Surgical & Medical Instruments & Apparatus - 0.00%** |  |  |
| &nbsp;&nbsp;DIH Holdings, Inc. \* | &nbsp;&nbsp;3000 | &nbsp;&nbsp;561 |
| &nbsp;&nbsp;**Telecommunications - 0.02%** |  |  |
| &nbsp;&nbsp;NII Holdings, Inc. Δ \* **◦** | &nbsp;&nbsp;44529 | &nbsp;&nbsp;22265 |
| &nbsp;&nbsp;**Television Broadcasting Stations - 0.61%** |  |  |
| &nbsp;&nbsp;Kenvue, Inc. | &nbsp;&nbsp;37000 | &nbsp;&nbsp;600510 |
| &nbsp;&nbsp;**Waste & Environmental Services & Equipment - 0.00%** |  |  |
| &nbsp;&nbsp;Strategic Environmental & Energy Resources, Inc. \* # ◦ † | &nbsp;&nbsp;43000 | &nbsp;&nbsp;1019 |
| &nbsp;&nbsp;**Wholesale - Medical, Dental & Hospital Equipment & Supplies - 0.54%** |  |  |
| &nbsp;&nbsp;Henry Schein, Inc. | &nbsp;&nbsp;8000 | &nbsp;&nbsp;530960 |
| &nbsp;&nbsp;Total Common Stock | &nbsp;&nbsp;(Cost $72,199,554) | &nbsp;&nbsp;78981131 |
| &nbsp;&nbsp;**Escrow Shares - 0.00%** |  |  |
| &nbsp;&nbsp;Exide Technologies ◦ | &nbsp;&nbsp;7703 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Pershing Square Tontine Holdings, Ltd. ESCROW | &nbsp;&nbsp;33000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Escrow Shares | &nbsp;&nbsp;(Cost $585,437) | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Asset-Backed Securities - 0.06%** |  |  |
| &nbsp;&nbsp;AFC Home Equity Loan Trust Series 2000-02 Class 1A, 3.874%, (1 Month LIBOR USD + 0.790%) 6/25/2030 ● | &nbsp;&nbsp;2422 | &nbsp;&nbsp;2320 |
| &nbsp;&nbsp;Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1 Class M3, 3.789%, (1 Month LIBOR USD + 0.710%), 2/25/2035 ● | &nbsp;&nbsp;43232 | &nbsp;&nbsp;39508 |
| &nbsp;&nbsp;Countrywide Asset-Backed Certificates Series 2007-11 Class 2M2, 3.404%, (1 Month LIBOR USD + 0.320%) 06/25/2047 ● | &nbsp;&nbsp;417563 | &nbsp;&nbsp;15257 |
| &nbsp;&nbsp;Total Asset-Backed Securities | &nbsp;&nbsp;(Cost $80,540) | &nbsp;&nbsp;57085 |
| &nbsp;&nbsp;**Contingent Value Rights - 0.01%** |  |  |
| &nbsp;&nbsp;**Miscellaneous Manufacturing Industries - 0.01%** |  |  |
| &nbsp;&nbsp;TOYO Co Ltd Rights | &nbsp;&nbsp;1000 | &nbsp;&nbsp;5767 |
| &nbsp;&nbsp;**Pharmaceutical Preparations - 0.00%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Blueprint Medicines Corp. CVR ◦ | &nbsp;&nbsp;4000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Optinose CVR ◦ | &nbsp;&nbsp;60000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Regulus Therapeutics, Inc. CVR ◦ | &nbsp;&nbsp;60000 | &nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Radio & TV Broadcasting & Communications Equipment - 0.00%** |  |  |
| &nbsp;&nbsp;KVH Industries, Inc. \* | &nbsp;&nbsp;145009 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Rights | &nbsp;&nbsp;(Cost $0) | &nbsp;&nbsp;5767 |
| &nbsp;&nbsp;**Convertible Bonds - 0.00%** |  |  |
| &nbsp;&nbsp;**Radio Telephone Communications - 0.00%** |  |  |
| &nbsp;&nbsp;Digicel Group 0.5 Ltd. Private Placement Series 144A Conv. (Bermuda) 7.00%, Perpetual ● | &nbsp;&nbsp;88196 | &nbsp;&nbsp;4674 |
| &nbsp;&nbsp;**Real Estate - 0.00%** |  |  |
| &nbsp;&nbsp;Sino Ocean Group Holdings LTD MCB 0.00% 03/27/2027 ● + | &nbsp;&nbsp;2001128 | &nbsp;&nbsp;28316 |
| &nbsp;&nbsp;Total Convertible Bonds | &nbsp;&nbsp;(Cost $43,231) | &nbsp;&nbsp;32990 |
| &nbsp;&nbsp;**Corporate Bonds - 1.57%** |  |  |
| &nbsp;&nbsp;**Automotive - 0.00%** |  |  |
| &nbsp;&nbsp;Exide Technologies 11.00%, 4/30/2022 + # | &nbsp;&nbsp;546810 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Communication Services - 0.00%** |  |  |
| &nbsp;&nbsp;SES AI SA 0.00% , 01/14/2033 ◦ | &nbsp;&nbsp;4675 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Financial Services - 0.09%** |  |  |
| &nbsp;&nbsp;Hejun Shunzie Investment, 11.500%, due 6/4/2022 ● + | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;50 |
| &nbsp;&nbsp;Hellas Telecommunication Luxembourg II SCA (United Kingdom), 6.054%, (3 Month LIBOR USD + 5.750%) 1/15/2015 ◦ + ^ # † | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;6250 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series LEHN 5.50%, 02/27/2020 ● + | &nbsp;&nbsp;100000 | &nbsp;&nbsp;90 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTNG 0.00% (1 Month CPI YOY + 2.25%), 07/08/2014 ● + | &nbsp;&nbsp;130000 | &nbsp;&nbsp;117 |
| &nbsp;&nbsp;Sino Ocean Group Holdings LTD 3.00% 03/27/2033 ● + | &nbsp;&nbsp;585000 | &nbsp;&nbsp;78323 |
|  |  | &nbsp;&nbsp;84830 |
| &nbsp;&nbsp;**Oil, Gas & Coal - 0.05%** |  |  |
| &nbsp;&nbsp;Paratus Energy Services Ltd. Series 144A (United Kingdom) 10.000%, 07/15/2026 ● | &nbsp;&nbsp;51830 | &nbsp;&nbsp;51700 |
| &nbsp;&nbsp;**Radio Telephone Communications - 0.01%** |  |  |
| &nbsp;&nbsp;Digicel Group 0.5 Ltd. 8.00%, 04/01/2025 # ● + | &nbsp;&nbsp;28351 | &nbsp;&nbsp;5212 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Real Estate - 1.20%** |  |  |
| &nbsp;&nbsp;CFLD Cayman Investment, 2.500%, 01/31/2031 ● | &nbsp;&nbsp;239850 | &nbsp;&nbsp;4797 |
| &nbsp;&nbsp;CIFI Holdings Group, 6.550%, 03/28/2024 ● + | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;98760 |
| &nbsp;&nbsp;Jingrui Holdings, Ltd., 12.750%, 09/09/2023, Defaulted ● + | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;12500 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% 12/31/2026 ● | &nbsp;&nbsp;100246 | &nbsp;&nbsp;2757 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% Ser A 12/31/2025 ● | &nbsp;&nbsp;75190 | &nbsp;&nbsp;2256 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00% Ser A 12/31/2027 ● | &nbsp;&nbsp;125314 | &nbsp;&nbsp;2976 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00%, 12/31/2028 ● | &nbsp;&nbsp;200493 | &nbsp;&nbsp;4762 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00%, 12/31/2029 ● | &nbsp;&nbsp;200493 | &nbsp;&nbsp;4762 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00%, 12/31/2030 ● | &nbsp;&nbsp;250617 | &nbsp;&nbsp;5952 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00%, 12/31/2031 ● | &nbsp;&nbsp;250617 | &nbsp;&nbsp;5952 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 0.00%, 12/31/2032 ● | &nbsp;&nbsp;472803 | &nbsp;&nbsp;11229 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 5.00% Ser A 12/28/2027 ● | &nbsp;&nbsp;100246 | &nbsp;&nbsp;2506 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 5.750% Ser D 12/28/2030 ● | &nbsp;&nbsp;300740 | &nbsp;&nbsp;4135 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.00% 12/28/2031 ● | &nbsp;&nbsp;451111 | &nbsp;&nbsp;5075 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.250% Ser F 12/28/2032 ● | &nbsp;&nbsp;422680 | &nbsp;&nbsp;4755 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.250% Ser IAI 12/28/2028 ● | &nbsp;&nbsp;150370 | &nbsp;&nbsp;3195 |
| &nbsp;&nbsp;Kaisa group Holdings Ltd., 6.500% Ser IAI 12/28/2029 ● | &nbsp;&nbsp;250617 | &nbsp;&nbsp;4699 |
| &nbsp;&nbsp;KWG Group Holdings, Ltd., 7.400%, 001/13/2027 ● + | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;121000 |
| &nbsp;&nbsp;Red Sun Properties Group, Inc., 7.30%, 1/13/2025 ● + | &nbsp;&nbsp;4400000 | &nbsp;&nbsp;33000 |
| &nbsp;&nbsp;Redco Properties Group, Ltd., 11.000%, 08/06/2023, Defaulted ● + | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;22500 |
| &nbsp;&nbsp;Rongchangda Development, 3.00%, 3/29/2028 ● + | &nbsp;&nbsp;249999 | &nbsp;&nbsp;4375 |
| &nbsp;&nbsp;Rongchangda Development, 3.00%, 3/29/2028 ● + | &nbsp;&nbsp;1200001 | &nbsp;&nbsp;21702 |
| &nbsp;&nbsp;Ronshine China Holdings, Ltd., 7.35%, 12/15/2023, Defaulted ● + | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;8751 |
| &nbsp;&nbsp;Ronshine China Holdings, Ltd., 8.75%, 10/2/2022, Defaulted ● + | &nbsp;&nbsp;3000000 | &nbsp;&nbsp;31500 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 2.000% 01/21/2034 Defaulted ● + | &nbsp;&nbsp;683532 | &nbsp;&nbsp;15379 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 2.000% 07/21/2032 Defaulted ● + | &nbsp;&nbsp;455688 | &nbsp;&nbsp;14810 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 2.000% 07/21/2033 Defaulted ● + | &nbsp;&nbsp;683532 | &nbsp;&nbsp;20506 |
| &nbsp;&nbsp;Shimao Group Holdings, Ltd. 5.000% 07/21/2031 Defaulted ● + | &nbsp;&nbsp;33080 | &nbsp;&nbsp;1343 |
| &nbsp;&nbsp;Sunac China Holdings, Ltd., 7.250%, 09/30/2030 | &nbsp;&nbsp;4295256 | &nbsp;&nbsp;638588 |
| &nbsp;&nbsp;Times China Holdings, Ltd., 5.75%, 01/14/2027, Defaulted ● + | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;65000 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 1.000%, 06/30/2034 ● + | &nbsp;&nbsp;49974 | &nbsp;&nbsp;300 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 4.000%, 06/30/2028 ● + | &nbsp;&nbsp;16483 | &nbsp;&nbsp;577 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 4.500%, 06/30/2029 ● + | &nbsp;&nbsp;28704 | &nbsp;&nbsp;925 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 5.000%, 06/30/2030 ● + | &nbsp;&nbsp;38313 | &nbsp;&nbsp;926 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 5.500%, 06/30/2031 ● + | &nbsp;&nbsp;53745 | &nbsp;&nbsp;1127 |
| &nbsp;&nbsp;Yuzhou Group Holdings Company Limited 6.000%, 06/30/2027 ● + | &nbsp;&nbsp;14130 | &nbsp;&nbsp;1830 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Zhenro Properties Group 14.724 PERP \*Defaulted ● + | &nbsp;&nbsp;6000000 | &nbsp;&nbsp;7500 |
| &nbsp;&nbsp;Zhenro Properties Group, 6.630%, 01/06/2026 \*Defaulted ● + | &nbsp;&nbsp;500000 | &nbsp;&nbsp;1230 |
|  |  | &nbsp;&nbsp;1193939 |
| &nbsp;&nbsp;**Retail - Grocery Stores - 0.00%** |  |  |
| &nbsp;&nbsp;Winn Dixie Stores, Inc. 8.875%, 04/01/2008 ◦ | &nbsp;&nbsp;50000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Sovereign - 0.23%** |  |  |
| &nbsp;&nbsp;Lebanese Republic Series GMTN (Lebanon) 6.15%, 6/19/2020 + ● | &nbsp;&nbsp;1000000 | &nbsp;&nbsp;225631 |
| &nbsp;&nbsp;**Venture Capital - 0.00%** |  |  |
| &nbsp;&nbsp;Infinity Capital Group 7.00%, 12/31/2049 + # ◦ † | &nbsp;&nbsp;25000 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Corporate Bonds | &nbsp;&nbsp;(Cost $2,226,270) | &nbsp;&nbsp;1561312 |
| &nbsp;&nbsp;**Mortgage-Backed Securities - 0.01%** |  |  |
| &nbsp;&nbsp;GNR Government National Mortgage Series 2019-108 Class NI, 4.00%, 08/20/2049 ~ ● | &nbsp;&nbsp;63041 | &nbsp;&nbsp;10264 |
| &nbsp;&nbsp;GSR Mortgage Loan Trust Series 2005-5F Class B2, 5.76%, 6/25/2035 ~ ● | &nbsp;&nbsp;6639 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total Mortgage-Backed Securities | &nbsp;&nbsp;(Cost $9,732) | &nbsp;&nbsp;10264 |
| &nbsp;&nbsp;**Municipal Bonds ● - 0.18%** |  |  |
| &nbsp;&nbsp;**Puerto Rico - 0.18%** |  |  |
| &nbsp;&nbsp;Puerto Rico Commonwealth Restructured Series A1, 4.00%, 7/01/2037 | &nbsp;&nbsp;17074 | &nbsp;&nbsp;16203 |
| &nbsp;&nbsp;Puerto Rico Commonwealth Restructured Series A1, 5.625%, 7/01/2029 | &nbsp;&nbsp;24036 | &nbsp;&nbsp;25713 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2021 + | &nbsp;&nbsp;10000 | &nbsp;&nbsp;6850 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2023 + | &nbsp;&nbsp;10000 | &nbsp;&nbsp;6850 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series DDD, 3.50%, 7/01/2020 + | &nbsp;&nbsp;75000 | &nbsp;&nbsp;51375 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series DDD, 3.625%, 7/01/2021 + | &nbsp;&nbsp;30000 | &nbsp;&nbsp;20550 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series TT, 5.00%, 7/01/2020 + | &nbsp;&nbsp;55000 | &nbsp;&nbsp;37675 |
| &nbsp;&nbsp;Puerto Rico Electric Power Authority Series WW, 5.50%, 7/01/2019 + | &nbsp;&nbsp;15000 | &nbsp;&nbsp;10275 |
| &nbsp;&nbsp;Total Municipal Bonds | &nbsp;&nbsp;(Cost $181,561) | &nbsp;&nbsp;175491 |
| &nbsp;&nbsp;**Preferred Stocks ● - 4.12%** |  |  |
| &nbsp;&nbsp;**Government Agencies - 4.11%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series B, 0.00%, (3 Month LIBOR USD + 0.1377%) Perpetual \*∞ \*\* | &nbsp;&nbsp;19000 | &nbsp;&nbsp;396150 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series F, 5.00%, Perpetual \*∞ \*\* | &nbsp;&nbsp;4500 | &nbsp;&nbsp;106200 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series H, 5.10%, Perpetual \*∞ \*\* | &nbsp;&nbsp;55000 | &nbsp;&nbsp;1306800 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual \*∞ \*\* | &nbsp;&nbsp;10600 | &nbsp;&nbsp;221222 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual \*∞ \*\* | &nbsp;&nbsp;42879 | &nbsp;&nbsp;890168 |
| &nbsp;&nbsp;Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual \*∞ \*\* | &nbsp;&nbsp;25000 | &nbsp;&nbsp;556250 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series H, 5.81%, Perpetual \*∞ | &nbsp;&nbsp;5500 | &nbsp;&nbsp;146410 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series I, 5.375%, Perpetual \*∞ | &nbsp;&nbsp;700 | &nbsp;&nbsp;18900 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series M, 4.75%, Perpetual \*∞ | &nbsp;&nbsp;4440 | &nbsp;&nbsp;113220 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series N, 5.50%, Perpetual \*∞ | &nbsp;&nbsp;360 | &nbsp;&nbsp;9378 |
| &nbsp;&nbsp;Federal National Mortgage Corp. Series T 8.25%, Perpetual \*∞ | &nbsp;&nbsp;20000 | &nbsp;&nbsp;310000 |
|  |  | &nbsp;&nbsp;4074698 |
| &nbsp;&nbsp;**Real Estate - 0.01%** |  |  |
| &nbsp;&nbsp;Brookfield Property Partners LP 6.25% (Bermuda) | &nbsp;&nbsp;722 | &nbsp;&nbsp;11400 |
| &nbsp;&nbsp;Total Preferred Stocks | &nbsp;&nbsp;(Cost $1,291,235) | &nbsp;&nbsp;4086098 |
| &nbsp;&nbsp;**Structured Notes - 0.00%** |  |  |
| &nbsp;&nbsp;**Financial Services - 0.00%** |  |  |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTN 8.75%, 2/14/2023 ● + | &nbsp;&nbsp;200000 | &nbsp;&nbsp;180 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTN1 0.00%, (1 Month CPI YOY + 2.25%) 2/17/2015 ● + | &nbsp;&nbsp;110000 | &nbsp;&nbsp;99 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTNG 7.00%, 1/28/2020 ● + | &nbsp;&nbsp;100000 | &nbsp;&nbsp;90 |
| &nbsp;&nbsp;Lehman Brothers Holdings, Inc. Series MTNH, 8.250%, 9/23/2020 ● + | &nbsp;&nbsp;100000 | &nbsp;&nbsp;90 |
|  |  | &nbsp;&nbsp;459 |
| &nbsp;&nbsp;**Real Estate - 0.06%** |  |  |
| &nbsp;&nbsp;Sino Ocean Group Holdings LTD 1.00% Perpetual ● + | &nbsp;&nbsp;857626 | &nbsp;&nbsp;64108 |
| &nbsp;&nbsp;Total Structured Notes | &nbsp;&nbsp;(Cost $33,600) | &nbsp;&nbsp;64567 |
| &nbsp;&nbsp;**Real Estate Invesment Trust - 6.03%** |  |  |
| &nbsp;&nbsp;Crown Castle International Corp. | &nbsp;&nbsp;62000 | &nbsp;&nbsp;5982380 |
| &nbsp;&nbsp;Equinix | &nbsp;&nbsp;3000 | &nbsp;&nbsp;2349720 |
| &nbsp;&nbsp;Total Real Estate Investment Trust | &nbsp;&nbsp;(Cost $8,561,362) | &nbsp;&nbsp;5982380 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Special Purpose Acquisition Company - 0.22%** |  |  |
| &nbsp;&nbsp;A SPAC II Acquisition Corp. ● | &nbsp;&nbsp;15000 | &nbsp;&nbsp;173850 |
| &nbsp;&nbsp;Airship AI Holdings, Inc. Warrant | &nbsp;&nbsp;6500 | &nbsp;&nbsp;10855 |
| &nbsp;&nbsp;Nabors Energy Transition Corp. II ● | &nbsp;&nbsp;3600 | &nbsp;&nbsp;30672 |
| &nbsp;&nbsp;Nature's Miracle Holdings, Inc. | &nbsp;&nbsp;184 | &nbsp;&nbsp;24 |
| &nbsp;&nbsp;Total Special Purpose Acquisition Company | &nbsp;&nbsp;(Cost $236,000) | &nbsp;&nbsp;215401 |
| &nbsp;&nbsp;**Warrants - 0.00%** |  |  |
| &nbsp;&nbsp;**Farm Machinery & Equipment - 0.00%** |  |  |
| &nbsp;&nbsp;Nature's Miracle Holdings, Inc. Warrant 3/8/2029 @ $0.13 (Notional Value $325)\* | &nbsp;&nbsp;2500 | &nbsp;&nbsp;14 |
| &nbsp;&nbsp;**Investment Companies - 0.00%** |  |  |
| &nbsp;&nbsp;Investcorp Europe Acquisition Corp. I Class A Warrants, 11/23/2028 @ $6.00 (Notional Value $21,000)\*◦ | &nbsp;&nbsp;3500 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Miscellaneous Electrical Machinery, Equipment & Supplies - 0.00%** |  |  |
| &nbsp;&nbsp;Captivision, Inc. Warrants @ $0.94 (Notional Value $1,876)\* | &nbsp;&nbsp;2000 | &nbsp;&nbsp;80 |
| &nbsp;&nbsp;**Miscellaneous Manufacturing Industries - 0.00%** |  |  |
| &nbsp;&nbsp;TOYO Co. Ltd. Warrant 1/10/2029 @ $5.77 (Notional Value $28,850)\* | &nbsp;&nbsp;5000 | &nbsp;&nbsp;1750 |
| &nbsp;&nbsp;**Services-Automotive Repair, Services & Parking - 0.00%** |  |  |
| &nbsp;&nbsp;SunCar Technology Group, Inc. Class A, Warrant 05/18/2028 @ $2.48 (Notional Value $743)\* | &nbsp;&nbsp;300 | &nbsp;&nbsp;17 |
| &nbsp;&nbsp;**Services-Computer Integrated Systems Design - 0.00%** |  |  |
| &nbsp;&nbsp;Brand Engagement Network, Inc. Warrant @ $0.29 (Notional Value $607)\* | &nbsp;&nbsp;2066 | &nbsp;&nbsp;32 |
| &nbsp;&nbsp;**Services-Computer Programming Services - 0.00%** |  |  |
| &nbsp;&nbsp;Semantix, Inc. Class A Warrants 08/04/2027 @ $0.00 (Notional Value $0)\* | &nbsp;&nbsp;375 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;**Surgical & Medical Instruments & Apparatus - 4.17%** |  |  |
| &nbsp;&nbsp;DIH Holdings, Inc. Warrant @ $4.68 (Notional Value $140,250)\* | &nbsp;&nbsp;30000 | &nbsp;&nbsp;300 |
| &nbsp;&nbsp;**Services-Prepackaged Software - 0.00%** |  |  |
| &nbsp;&nbsp;Kodiak AI, Inc. Warrants @ $6.84 (Notional Value $10,602)\* | &nbsp;&nbsp;1550 | &nbsp;&nbsp;1651 |
|  |  | &nbsp;&nbsp;1982 |
| &nbsp;&nbsp;**United States Treasury Note Bonds ● - 7.98%** |  |  |
| &nbsp;&nbsp;U.S. Government Treasury Bill, 2.75%, 08/15/2032 | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1859531 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;U.S. Treasury Note, 3.375% 5/15/2033 |  |  | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;1921563 |
| &nbsp;&nbsp;U.S. Treasury Note, 4.50% 11/15/2033 |  |  | &nbsp;&nbsp;4000000 | &nbsp;&nbsp;4136094 |
| &nbsp;&nbsp;Total United States Treasury Note Bonds |  |  | &nbsp;&nbsp;(Cost $7,787,344) | &nbsp;&nbsp;7917188 |
| &nbsp;&nbsp;**Registered Money Market Funds - 4.18%** |  |  |  |  |
| &nbsp;&nbsp;Goldman Sachs Trust Financial Square Government Fund - Institutional Class - 4.243% \*\* | &nbsp;&nbsp;Goldman Sachs Trust Financial Square Government Fund - Institutional Class - 4.243% \*\* |  | &nbsp;&nbsp;4150482 | &nbsp;&nbsp;4150482 |
| &nbsp;&nbsp;Total Registered Money Market Funds |  |  | &nbsp;&nbsp;(Cost $4,150,482) | &nbsp;&nbsp;4150482 |
| &nbsp;&nbsp;**Total Investments - 99.78%** |  |  | &nbsp;&nbsp;(Cost $97,075,022) | &nbsp;&nbsp;98994099 |
| &nbsp;&nbsp;**INVESTMENTS IN WRITTEN OPTIONS, AT VALUE - (9.87)%** |  |  |  | &nbsp;&nbsp;(10614303) |
| &nbsp;&nbsp;Other Assets In Excess of Liabilities - 10.92% |  |  |  | &nbsp;&nbsp;10831180 |
| &nbsp;&nbsp;Total Net Assets - 100.00% |  |  |  | &nbsp;&nbsp;99210977 |
| &nbsp;&nbsp;**Options ●** |  |  |  |  |
|  | &nbsp;&nbsp;**Long (Short)** |  | &nbsp;&nbsp;**Notional Value of** | &nbsp;&nbsp;**Fair** |
|  | &nbsp;&nbsp;**<u>Contracts</u>** | &nbsp;&nbsp;**<u>Expiration Date</u>** | &nbsp;&nbsp;**<u>Contracts ($)</u>** | &nbsp;&nbsp;**<u>Value ($)</u>** |
| &nbsp;&nbsp;**Put Options** |  |  |  |  |
| &nbsp;&nbsp;Air Products and Chemicals, Inc., Strike @ $330.00 | &nbsp;&nbsp;25 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;825000 | &nbsp;&nbsp;50500 |
| &nbsp;&nbsp;Akamai Technologies, Inc., Strike @ $75.00 | &nbsp;&nbsp;70 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;66050 |
| &nbsp;&nbsp;Barrick Gold Corp., Strike @ $17.00 | &nbsp;&nbsp;400 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;680000 | &nbsp;&nbsp;26900 |
| &nbsp;&nbsp;Barrick Mining Corp., Strike @ $17.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;255000 | &nbsp;&nbsp;1815 |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Inc., Strike @ $60.00 | &nbsp;&nbsp;320 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1920000 | &nbsp;&nbsp;43600 |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Inc., Strike @ $70.00 | &nbsp;&nbsp;190 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;1330000 | &nbsp;&nbsp;44050 |
| &nbsp;&nbsp;BP plc., Strike @ $35.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/21/2028 | &nbsp;&nbsp;875000 | &nbsp;&nbsp;59450 |
| &nbsp;&nbsp;BP, plc., Strike @ $32.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;800000 | &nbsp;&nbsp;36400 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $130.00 | &nbsp;&nbsp;190 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;2470000 | &nbsp;&nbsp;148625 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $135.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;675000 | &nbsp;&nbsp;45875 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $150.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;26250 |
| &nbsp;&nbsp;Chevron Corp., Strike @ $155.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;620000 | &nbsp;&nbsp;27200 |
| &nbsp;&nbsp;Colgate-Palmolive, Co., Strike @ $95.00 | &nbsp;&nbsp;70 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;665000 | &nbsp;&nbsp;47800 |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $85.00 | &nbsp;&nbsp;110 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;935000 | &nbsp;&nbsp;64400 |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $87.50 | &nbsp;&nbsp;110 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;962500 | &nbsp;&nbsp;59800 |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $90.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;360000 | &nbsp;&nbsp;6280 |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $97.50 | &nbsp;&nbsp;180 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1755000 | &nbsp;&nbsp;6300 |
| &nbsp;&nbsp;Devon Energy Corp., Strike @ $35.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;24300 |
| &nbsp;&nbsp;DiamondBack Energy, Inc., Strike @ $140.00 | &nbsp;&nbsp;75 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;149500 |
| &nbsp;&nbsp;Dollar Tree, Inc., Strike @ $105.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;121000 |
| &nbsp;&nbsp;Equinix, Inc., Strike @ $700 | &nbsp;&nbsp;10 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;52250 |
| &nbsp;&nbsp;Equinix, Inc., Strike @ $740 | &nbsp;&nbsp;10 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;740000 | &nbsp;&nbsp;71050 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Equinix, Inc., Strike @ $750 | &nbsp;&nbsp;10 | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;750000 | &nbsp;&nbsp;106400 |
| &nbsp;&nbsp;Helen of Troy, Ltd., Strike @ $55.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;275000 | &nbsp;&nbsp;113250 |
| &nbsp;&nbsp;Honeywell International, Inc., Strike @ 210.00 | &nbsp;&nbsp;30 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;630000 | &nbsp;&nbsp;50800 |
| &nbsp;&nbsp;Humana, Inc., Strike @ $240.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;960000 | &nbsp;&nbsp;115200 |
| &nbsp;&nbsp;Humana, Inc., Strike @ $260.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;66000 |
| &nbsp;&nbsp;Kenvue, Inc., Strike @ $15.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;375000 | &nbsp;&nbsp;111150 |
| &nbsp;&nbsp;Lamb Weston Holdings, Inc., Strike @ $50.00 | &nbsp;&nbsp;450 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;2250000 | &nbsp;&nbsp;135000 |
| &nbsp;&nbsp;Lockheed Martin Corp., Strike @ $420.00 | &nbsp;&nbsp;25 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;61500 |
| &nbsp;&nbsp;Match Group, Inc., Strike @ $30.00 | &nbsp;&nbsp;310 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;930000 | &nbsp;&nbsp;49250 |
| &nbsp;&nbsp;Newmont Corp., Strike @ $30.00 | &nbsp;&nbsp;300 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;900000 | &nbsp;&nbsp;174500 |
| &nbsp;&nbsp;Newmont Corp., Strike @ $40.00 | &nbsp;&nbsp;420 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;1680000 | &nbsp;&nbsp;240500 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $45.00 | &nbsp;&nbsp;310 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1395000 | &nbsp;&nbsp;63800 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $47.50 | &nbsp;&nbsp;100 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;78100 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $47.50 | &nbsp;&nbsp;100 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;87000 |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $52.50 | &nbsp;&nbsp;80 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;5850 |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $110.00 | &nbsp;&nbsp;120 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1320000 | &nbsp;&nbsp;75000 |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $120.00 | &nbsp;&nbsp;50 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;60000 |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $130.00 | &nbsp;&nbsp;80 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1040000 | &nbsp;&nbsp;207900 |
| &nbsp;&nbsp;Phillips 66, Strike @ $120.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;480000 | &nbsp;&nbsp;302100 |
| &nbsp;&nbsp;Phillips 66, Strike @ $125 | &nbsp;&nbsp;90 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;1125000 | &nbsp;&nbsp;133570 |
| &nbsp;&nbsp;Royal Gold, Inc., Strike @ $160.00 | &nbsp;&nbsp;80 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;1280000 | &nbsp;&nbsp;11400 |
| &nbsp;&nbsp;Southwest Airlines, Inc., Strike @ $25.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;239000 |
| &nbsp;&nbsp;Southwest Airlines, Inc., Strike @ $30.00 | &nbsp;&nbsp;150 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;16500 |
| &nbsp;&nbsp;Starbucks, Corp., Strike @ $105.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;1050000 | &nbsp;&nbsp;76750 |
| &nbsp;&nbsp;Starbucks, Corp., Strike @ $90.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;1800000 | &nbsp;&nbsp;154375 |
| &nbsp;&nbsp;Starbucks, Corp., Strike @ $95.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;950000 | &nbsp;&nbsp;52250 |
| &nbsp;&nbsp;Suncor Energy, Inc., Strike @ $35.00 | &nbsp;&nbsp;200 | &nbsp;&nbsp;3/20/2026 | &nbsp;&nbsp;700000 | &nbsp;&nbsp;33125 |
| &nbsp;&nbsp;Suncor Energy, Inc., Strike @ $35.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;875000 | &nbsp;&nbsp;300 |
| &nbsp;&nbsp;The J.M. Smucker Co., Strike @ $95.00 | &nbsp;&nbsp;40 | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;380000 | &nbsp;&nbsp;22940 |
| &nbsp;&nbsp;UnitedHealth Group, Inc., @ $270.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;6/17/2027 | &nbsp;&nbsp;540000 | &nbsp;&nbsp;164300 |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $240.00 | &nbsp;&nbsp;15 | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;360000 | &nbsp;&nbsp;352000 |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $280.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;3200 |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $280.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;30870 |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $290.00 | &nbsp;&nbsp;20 | &nbsp;&nbsp;6/17/2027 | &nbsp;&nbsp;580000 | &nbsp;&nbsp;67500 |
|  | &nbsp;&nbsp;7150 |  | &nbsp;&nbsp;49332500 | &nbsp;&nbsp;4640775 |
| &nbsp;&nbsp;**Call Options** |  |  |  |  |
| &nbsp;&nbsp;Molina Healthcare, Inc., Strike @ $170.00 | &nbsp;&nbsp;30 | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;510000 | &nbsp;&nbsp;94350 |
| &nbsp;&nbsp;Centene Corp., Strike @ $30.00 | &nbsp;&nbsp;100 | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;95000 |
| &nbsp;&nbsp;BP, plc., Strike @ $35.00 | &nbsp;&nbsp;250 | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;875000 | &nbsp;&nbsp;87000 |
|  | &nbsp;&nbsp;380 |  | &nbsp;&nbsp;1685000 | &nbsp;&nbsp;276350 |
| &nbsp;&nbsp;**Total Purchased Options** |  | &nbsp;&nbsp;Cost $| &nbsp;&nbsp;51017500 | &nbsp;&nbsp;4917125 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Put Options Written** |  |  |  |  |
| &nbsp;&nbsp;BP, plc., January 15, 2027, Strike @ $20.00 | &nbsp;&nbsp; (250) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;(11750) |
| &nbsp;&nbsp;Match Group, Inc., January 16, 2026, Strike @ $25.00 | &nbsp;&nbsp; (110) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(275000) | &nbsp;&nbsp;(2255) |
| &nbsp;&nbsp;Occidental Petroleum Corp., January 15, 2027, Strike @ $35.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(350000) | &nbsp;&nbsp;(18900) |
| &nbsp;&nbsp;Phillips 66 Co., January 15, 2027, Strike @ $100.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(800000) | &nbsp;&nbsp;(39600) |
| &nbsp;&nbsp;Henry Schein, Inc., January 16, 2026, Strike @ $60.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(480000) | &nbsp;&nbsp;(14400) |
| &nbsp;&nbsp;Phillips 66, November 21, 2025, Strike @ $105.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;(420000) | &nbsp;&nbsp;(1200) |
| &nbsp;&nbsp;Honeywell International, Inc., January 16, 2026, Strike @ 180.00 | &nbsp;&nbsp; (30) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(540000) | &nbsp;&nbsp;(4800) |
| &nbsp;&nbsp;Equinix, Inc., December 19, 2025, Strike @ $700 | &nbsp;&nbsp; (10) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(700000) | &nbsp;&nbsp;(12800) |
|  | &nbsp;&nbsp;(700) |  | &nbsp;&nbsp;(4065000) | &nbsp;&nbsp;(105705) |
| &nbsp;&nbsp;**Call Options Written** |  |  |  |  |
| &nbsp;&nbsp;Air Products and Chemicals, Inc., Strike @ $330.00 | &nbsp;&nbsp; (25) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(825000) | &nbsp;&nbsp;(3500) |
| &nbsp;&nbsp;Akamai Technologies, Inc., Strike @ $75.00 | &nbsp;&nbsp; (70) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(525000) | &nbsp;&nbsp;(100800) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $4.50 | &nbsp;&nbsp; (1000) | &nbsp;&nbsp;4/17/2026 | &nbsp;&nbsp;(450000) | &nbsp;&nbsp;(98000) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $3.50 | &nbsp;&nbsp; (900) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(315000) | &nbsp;&nbsp;(172800) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $4.00 | &nbsp;&nbsp; (1000) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(400000) | &nbsp;&nbsp;(161000) |
| &nbsp;&nbsp;B2Gold Corp., Strike @ $4.00 | &nbsp;&nbsp; (3000) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(1200000) | &nbsp;&nbsp;(324000) |
| &nbsp;&nbsp;Barrick Gold Corp., Strike @ $17.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(255000) | &nbsp;&nbsp;(247500) |
| &nbsp;&nbsp;Barrick Gold Corp., Strike @ $17.00 | &nbsp;&nbsp; (375) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(637500) | &nbsp;&nbsp;(600000) |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Inc., Strike @ $60.00 | &nbsp;&nbsp; (320) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1920000) | &nbsp;&nbsp;(240000) |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Inc., Strike @ $70.00 | &nbsp;&nbsp; (394) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(2758000) | &nbsp;&nbsp;(27580) |
| &nbsp;&nbsp;Biomarin Pharmaceutical, Inc., Strike @ $75.00 | &nbsp;&nbsp; (210) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(1575000) | &nbsp;&nbsp;(5880) |
| &nbsp;&nbsp;BlackSky Technology, Inc., Strike @ $10.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;(150000) | &nbsp;&nbsp;(142500) |
| &nbsp;&nbsp;BP Plc., Strike @ $40.00 | &nbsp;&nbsp; (500) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(2000000) | &nbsp;&nbsp;(85000) |
| &nbsp;&nbsp;BP Plc., Strike @ $36.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;10/17/2025 | &nbsp;&nbsp;(540000) | &nbsp;&nbsp;(3450) |
| &nbsp;&nbsp;Centene Corp., Strike @ $40.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(800000) | &nbsp;&nbsp;(98000) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $155.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(620000) | &nbsp;&nbsp;(61000) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $130.00 | &nbsp;&nbsp; (190) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(2470000) | &nbsp;&nbsp;(576840) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $135.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(675000) | &nbsp;&nbsp;(121350) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $160.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;(800000) | &nbsp;&nbsp;(17500) |
| &nbsp;&nbsp;Chevron Corp., Strike @ $150.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(600000) | &nbsp;&nbsp;(64000) |
| &nbsp;&nbsp;Colgate-Palmolive, Co., Strike @ $95.00 | &nbsp;&nbsp; (70) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(665000) | &nbsp;&nbsp;(1400) |
| &nbsp;&nbsp;Crescent Energy Co., Strike @ $10.00 | &nbsp;&nbsp; (500) | &nbsp;&nbsp;10/17/2025 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;(3000) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $97.50 | &nbsp;&nbsp; (180) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1755000) | &nbsp;&nbsp;(187200) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $85.00 | &nbsp;&nbsp; (110) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(935000) | &nbsp;&nbsp;(200200) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $87.50 | &nbsp;&nbsp; (110) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(962500) | &nbsp;&nbsp;(182050) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $85.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(850000) | &nbsp;&nbsp;(140000) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $95.00 | &nbsp;&nbsp; (30) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(285000) | &nbsp;&nbsp;(18510) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $97.50 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;(487500) | &nbsp;&nbsp;(18000) |
| &nbsp;&nbsp;Crown Castle, Inc., Strike @ $90.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(360000) | &nbsp;&nbsp;(53800) |
| &nbsp;&nbsp;DiamondBack Energy, Inc., Strike @ $140.00 | &nbsp;&nbsp; (75) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(144000) |
| &nbsp;&nbsp;Dollar Tree, Inc., Strike @ $105.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(39500) |
| &nbsp;&nbsp;Equinix, Inc., Strike @ $700 | &nbsp;&nbsp; (10) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(700000) | &nbsp;&nbsp;(146500) |
| &nbsp;&nbsp;Equinix, Inc., Strike @ $740 | &nbsp;&nbsp; (10) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(740000) | &nbsp;&nbsp;(122500) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Equinix, Inc., Strike @ $750 | &nbsp;&nbsp; (10) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(750000) | &nbsp;&nbsp;(61500) |
| &nbsp;&nbsp;Freshpet, Inc., Strike @ $50.00 | &nbsp;&nbsp; (70) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(350000) | &nbsp;&nbsp;(68950) |
| &nbsp;&nbsp;Helen of Troy, Ltd., Strike @ $55.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(275000) | &nbsp;&nbsp;(1250) |
| &nbsp;&nbsp;Henry Schein, Inc., Strike @ $70.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(23600) |
| &nbsp;&nbsp;Honeywell International, Inc., Strike @ $210.00 | &nbsp;&nbsp; (30) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(630000) | &nbsp;&nbsp;(34500) |
| &nbsp;&nbsp;Humana, Inc., Strike @ $240.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(960000) | &nbsp;&nbsp;(147200) |
| &nbsp;&nbsp;Humana, Inc., Strike @ $260.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(1300000) | &nbsp;&nbsp;(133500) |
| &nbsp;&nbsp;Kenvue, Inc., Strike @ $18.00 | &nbsp;&nbsp; (120) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(216000) | &nbsp;&nbsp;(10800) |
| &nbsp;&nbsp;Lamb Weston Holdings, Inc., Strike @ $50.00 | &nbsp;&nbsp; (450) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(2250000) | &nbsp;&nbsp;(447750) |
| &nbsp;&nbsp;Liberty Broadband Corp Series C., Strike @ $60.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(300000) | &nbsp;&nbsp;(37000) |
| &nbsp;&nbsp;Lockheed Martin Corp., Strike @ $420.00 | &nbsp;&nbsp; (25) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(258500) |
| &nbsp;&nbsp;Marathon Petroleum Corp., Strike @ $140.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(215800) |
| &nbsp;&nbsp;Match Group, Inc., Strike @ $30.00 | &nbsp;&nbsp; (310) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(930000) | &nbsp;&nbsp;(192975) |
| &nbsp;&nbsp;Molina Healthcare, Inc., Strike @ $190.00 | &nbsp;&nbsp; (60) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(1140000) | &nbsp;&nbsp;(124800) |
| &nbsp;&nbsp;Newmont Corp., Strike @ $40.00 | &nbsp;&nbsp; (420) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1680000) | &nbsp;&nbsp;(1926750) |
| &nbsp;&nbsp;Newmont Corp., Strike @ $30.00 | &nbsp;&nbsp; (300) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(900000) | &nbsp;&nbsp;(1651500) |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $45.00 | &nbsp;&nbsp; (190) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(855000) | &nbsp;&nbsp;(148200) |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $45.00 | &nbsp;&nbsp; (110) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(495000) | &nbsp;&nbsp;(90200) |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $52.50 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(420000) | &nbsp;&nbsp;(12400) |
| &nbsp;&nbsp;Occidental Petroleum Corp., Strike @ $47.50 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(475000) | &nbsp;&nbsp;(53000) |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $110.00 | &nbsp;&nbsp; (120) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1320000) | &nbsp;&nbsp;(397800) |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $120.00 | &nbsp;&nbsp; (50) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(600000) | &nbsp;&nbsp;(133000) |
| &nbsp;&nbsp;Phillips 66 Co., Strike @ $125.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;(51600) |
| &nbsp;&nbsp;Phillips 66, Strike @ $125.00 | &nbsp;&nbsp; (90) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1125000) | &nbsp;&nbsp;(212850) |
| &nbsp;&nbsp;Phillips 66, Strike @ $130 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1040000) | &nbsp;&nbsp;(167200) |
| &nbsp;&nbsp;Royal Gold, Inc., Strike @ $160.00 | &nbsp;&nbsp; (80) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1280000) | &nbsp;&nbsp;(434000) |
| &nbsp;&nbsp;Seabridge Gold, Inc., Strike @ $14.00 | &nbsp;&nbsp; (950) | &nbsp;&nbsp;2/20/2026 | &nbsp;&nbsp;(1330000) | &nbsp;&nbsp;(964250) |
| &nbsp;&nbsp;Seabridge Gold, Inc., Strike @ $15.00 | &nbsp;&nbsp; (1000) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(1500000) | &nbsp;&nbsp;(1100000) |
| &nbsp;&nbsp;Southwest Airlines, Inc., Strike @ $30.00 | &nbsp;&nbsp; (150) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(450000) | &nbsp;&nbsp;(98250) |
| &nbsp;&nbsp;Southwest Airlines, Inc., Strike @ $25.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(500000) | &nbsp;&nbsp;(135400) |
| &nbsp;&nbsp;Starbucks, Corp., Strike @ $105.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;12/18/2026 | &nbsp;&nbsp;(1050000) | &nbsp;&nbsp;(52500) |
| &nbsp;&nbsp;Starbucks, Corp., Strike @ $95.00 | &nbsp;&nbsp; (100) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(950000) | &nbsp;&nbsp;(85500) |
| &nbsp;&nbsp;Starbucks, Corp., Strike @ $90.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(1800000) | &nbsp;&nbsp;(149000) |
| &nbsp;&nbsp;Suncor Energy, Inc., Strike @ $35.00 | &nbsp;&nbsp; (250) | &nbsp;&nbsp;6/18/2026 | &nbsp;&nbsp;(875000) | &nbsp;&nbsp;(207500) |
| &nbsp;&nbsp;Suncor Energy, Inc., Strike @ $35.00 | &nbsp;&nbsp; (200) | &nbsp;&nbsp;3/20/2026 | &nbsp;&nbsp;(700000) | &nbsp;&nbsp;(157000) |
| &nbsp;&nbsp;Surgery Partners, Inc., Strike @ $20 | &nbsp;&nbsp; (120) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(240000) | &nbsp;&nbsp;(34200) |
| &nbsp;&nbsp;The J.M. Smucker Co., Strike @ $95.00 | &nbsp;&nbsp; (40) | &nbsp;&nbsp;1/16/2026 | &nbsp;&nbsp;(380000) | &nbsp;&nbsp;(62000) |
| &nbsp;&nbsp;Treehouse Foods, Inc., Strike @ $40.00 | &nbsp;&nbsp; (250) | &nbsp;&nbsp;10/17/2025 | &nbsp;&nbsp;(1000000) | &nbsp;&nbsp;(5000) |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $240.00 | &nbsp;&nbsp; (15) | &nbsp;&nbsp;12/19/2025 | &nbsp;&nbsp;(360000) | &nbsp;&nbsp;(162488) |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $280.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;1/15/2027 | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(188000) |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $270.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;6/17/2027 | &nbsp;&nbsp;(540000) | &nbsp;&nbsp;(214550) |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $290.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;6/17/2027 | &nbsp;&nbsp;(580000) | &nbsp;&nbsp;(188800) |
| &nbsp;&nbsp;UnitedHealth Group, Inc., Strike @ $280.00 | &nbsp;&nbsp; (20) | &nbsp;&nbsp;9/18/2026 | &nbsp;&nbsp;(560000) | &nbsp;&nbsp;(177300) |
|  | &nbsp;&nbsp; (16899) |  | &nbsp;&nbsp; (65191500) | &nbsp;&nbsp; (15425723) |
| &nbsp;&nbsp;Total Written Options |  | &nbsp;&nbsp;Cost $| &nbsp;&nbsp;(69256500) | &nbsp;&nbsp;(10614303) |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;(1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | &nbsp;&nbsp;(1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |  |
| &nbsp;&nbsp; These inputs are summarized in the three broad levels listed below. |  |  |
| &nbsp;&nbsp; • Level 1 - quoted prices in active markets for identical securities |  |  |
| &nbsp;&nbsp; • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | &nbsp;&nbsp; • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |  |
| &nbsp;&nbsp; • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |  |  |
| &nbsp;&nbsp; The following is a summary of the inputs used as of September 30, 2025 in valuing the Fund's assets carried at fair value: |  |  |
|  | &nbsp;&nbsp;Investments in | &nbsp;&nbsp;Other Financial |
| &nbsp;&nbsp;Valuation Inputs | &nbsp;&nbsp;Securities | &nbsp;&nbsp;Instruments |
| &nbsp;&nbsp;Level 1 - Quoted Prices | &nbsp;&nbsp;84706149 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Level 2 - Other Significant Observable Inputs | &nbsp;&nbsp;8822290 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Level 3 - Significant Unobservable Inputs | &nbsp;&nbsp;434764 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;93963204 | &nbsp;&nbsp;- |
| &nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |  |
| &nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |  |
| &nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |  |
| &nbsp;&nbsp;market, such securities are reflected as Level 2. |  |  |
| &nbsp;&nbsp;ADR - American Depositary Receipt. |  |  |
| &nbsp;&nbsp;SpA - "Società per Azioni," which is an Italian term for a public limited company |  |  |
| &nbsp;&nbsp;\* Represents non-income producing securities. |  |  |
| &nbsp;&nbsp;\*\* Variable rate security; the coupon rate shown represents the yield at September 30, 2025. |  |  |
| &nbsp;&nbsp;+ Default Bonds |  |  |
| &nbsp;&nbsp;∞ Distressed Securities. |  |  |
| &nbsp;&nbsp;● Level 2 Security. |  |  |
| &nbsp;&nbsp;◦ Level 3 Security |  |  |
| &nbsp;&nbsp;~ Variable Rate Security. The coupon is based on an underlying pool of loans. |  |  |
| &nbsp;&nbsp;Δ Indicates a delisted security. Total market value for delisted securities is $256,565 representing 0.28% of net assets. |  |  |
| &nbsp;&nbsp;^ Indicates a fair valued security. Total market value for fair valued securities is $29,404 representing 0.03% of net assets and Level 3 securities. | &nbsp;&nbsp;^ Indicates a fair valued security. Total market value for fair valued securities is $29,404 representing 0.03% of net assets and Level 3 securities. |  |
| &nbsp;&nbsp;(a) Subject to written option contracts. |  |  |
| &nbsp;&nbsp;(b) All or a portion of this security is held as collateral for written options. Total value of collateral for written options is $28,901,520 representing 31.45% of net assets. | &nbsp;&nbsp;(b) All or a portion of this security is held as collateral for written options. Total value of collateral for written options is $28,901,520 representing 31.45% of net assets. |  |
| &nbsp;&nbsp;(c) The notional amount is calculated by multiplying outstanding shares by the spot price at September 30, 2025. |  |  |
| &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $12,146 representing 0.01% of net assets. | &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $12,146 representing 0.01% of net assets. | &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $12,146 representing 0.01% of net assets. |
| &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $12,146 representing 0.01% of net assets. | &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $12,146 representing 0.01% of net assets. | &nbsp;&nbsp;# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $12,146 representing 0.01% of net assets. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Key Biscayne

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33149

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $99798890.73

**Total Liabilities:** $587913.91

**Net Assets:** $99210976.83

**Cash Not Reported:** $4858898.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200195 | 0.14%                | 3.15%                | 0.79%                |
| Class ID C000200196 | 0.19%                | 3.17%                | 0.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $859482.79               | $-330216.31                                |
| Month 2  | $59441.68                | $5865060.20                                |
| Month 3  | $-2283.11                | $2357469.78                                |

**Designated Index Information**

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

- **Index Identifier:** 500TR

### Schedule of Portfolio Investments

| Name                                                 | Title                                                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 51Job, Inc.                                          | 51Job, Inc. ADR                                                                                                 | CUSIP: 316827104<br>LEI: 52990088ZF32Q8YHCJ53 | Long             | EC               | CORP              | KY        |     15400 | NS      | $71148.00     | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| A SPAC II Acquisition Corp.                          | A SPAC II Acquisition Corp.                                                                                     | CUSIP: G0543H125<br>LEI: N/A                  | Long             | EC               | CORP              | VI        |     15000 | NS      | $173850.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| AFC Mortgage Loan Trust                              | AFC Home Equity Loan Trust Series 2000-02 Class 1A, 3.874%, (1 Month LIBOR USD + 0.790%) 6/25/2030              | CUSIP: 00105HEJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2422 | PA      | $2320.19      | 0.00%             | 2030-06-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| Air Products & Chemicals, Inc.                       | Air Products & Chemicals, Inc.                                                                                  | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2500 | NS      | $681800.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Air Products and Chemicals, Inc., January 16, 2026, Call @ $330.00                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -25 | NC      | $-3500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Air Products and Chemicals, Inc., January 16, 2026, Put @ $330.00                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        25 | NC      | $148625.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Airship AI Holdings, Inc.                            | Airship AI Holdings, Inc. Warrant                                                                               | CUSIP: 008940116<br>LEI: N/A                  | Long             | DE               | CORP              | US        |      6500 | NS      | $10855.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                            | Akamai Technologies, Inc.                                                                                       | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      7000 | NS      | $530320.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Akamai Technologies, Inc., January 15, 2027, Call @ $75.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -70 | NC      | $-100800.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Akamai Technologies, Inc., January 15, 2027, Put @ $75.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        70 | NC      | $71050.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Apogee 21 Holdings, Inc.                             | Apogee 21 Holdings                                                                                              | CUSIP: 03769Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Astaldi Societa Per Azioni                           | Astaldi SpA SPF                                                                                                 | CUSIP: GSITC0445<br>LEI: 81560001F41A81948348 | Long             | EC               | CORP              | IT        |   1022580 | NS      | $40903.20     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Avidxchange Holdings, Inc.                           | Avidxchange Holdings, Inc.                                                                                      | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $497500.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                                         | B2Gold Corp.                                                                                                    | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    720200 | NS      | $3564990.00   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., April 17, 2026, Call @ $4.50                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -1000 | NC      | $-98000.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., January 15, 2027, Call @ $3.50                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -900 | NC      | $-172800.00   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., January 15, 2027, Call @ $4.00                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -1000 | NC      | $-161000.00   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | B2Gold Corp., January 16, 2026, Call @ $4.00                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -3000 | NC      | $-324000.00   | -0.33%            |  |  |  | No            |                  1 | On Loan: No      |
| BAB, Inc.                                            | BAB, Inc.                                                                                                       | CUSIP: 055183107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    479411 | NS      | $469822.78    | 0.47%             |  |  |  | No            |                  3 | On Loan: No      |
| BP PLC                                               | BP PLC ADR                                                                                                      | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     95000 | NS      | $3273700.00   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc, January 15, 2027, Call @ $40.00                                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -500 | NC      | $-85000.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc, January 21, 2028, Put @ $35.00                                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $154375.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc, October 17, 2025, Call @ $36.00                                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-3450.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc, January 15, 2027, Call @ $35.00                                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $87000.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc, January 15, 2027, Put @ $20.00                                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -250 | NC      | $-11750.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BP Plc, January 15, 2027, Put @ $32.00                                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $76750.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Barrick Gold Corp., December 18, 2026, Call @ $17.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-247500.00   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Barrick Gold Corp., January 16, 2026, Call @ $17.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -375 | NC      | $-600000.00   | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Barrick Gold Corp., January 16, 2026, Put @ $17.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       400 | NC      | $3200.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Gold Corp.                                   | Barrick Gold Corp.                                                                                              | CUSIP: 06849F108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     52500 | NS      | $1720425.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Barrick Mining Corp., December 18, 2026, Put @ $17.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $5850.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BioMarin Pharmaceutical, Inc.                        | BioMarin Pharmaceutical Inc.                                                                                    | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     92456 | NS      | $5007416.96   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 15, 2027, Call @ $60.00                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -320 | NC      | $-240000.00   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 15, 2027, Put @ $60.00                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       320 | NC      | $352000.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 16, 2026, Call @ $70.00                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -394 | NC      | $-27580.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 16, 2026, Call @ $75.00                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -210 | NC      | $-5880.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Biomarin Pharmaceutical, Inc., January 16, 2026, Put @ $70.00                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       190 | NC      | $302100.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Blacksky Technology Inc                              | BlackSky Technology, Inc.                                                                                       | CUSIP: 09263B207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $302250.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | BlackSky Technology, Inc., November 21, 2025, Call @ $10.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-142500.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Blueprint Medicines Corp.                            | Blueprint Medicines Corp. CVR                                                                                   | CUSIP: 096CVR048<br>LEI: N/A                  | Long             | DE               | CORP              | US        |      4000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Brand Engagement Network, Inc.                       | Brand Engagement Network, Inc. Warrant                                                                          | CUSIP: 104932116<br>LEI: N/A                  | Long             | DE               | CORP              | US        |      2066 | NS      | $31.61        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property Preferred LP                     | Brookfield Property Partners LP 6.25% (Bermuda)                                                                 | CUSIP: G1624R107<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       722 | NS      | $11400.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CFLD Cayman Investment                               | CFLD Cayman Investment, 2.500%, 01/31/2031                                                                      | CUSIP: N/A<br>LEI: 3003006ZC30FH27GHL08       | Long             | DBT              | CORP              | KY        |    239850 | PA      | $4797.00      | 0.00%             | 2031-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CIFI Holdings Group, Co., LTD.                       | CIFI Holdings Group, 6.550%, 03/28/2024                                                                         | CUSIP: N/A<br>LEI: 549300WGKSV867C0JF48       | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $98760.00     | 0.10%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Captivision, Inc.                                    | Captivision Inc.                                                                                                | CUSIP: G18932106<br>LEI: N/A                  | Short            | DE               | CORP              | KR        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Captivision, Inc.                                    | Captivision Inc. Warrants                                                                                       | CUSIP: G18932114<br>LEI: N/A                  | Long             | DE               | CORP              | KR        |      2000 | NS      | $80.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                        | Centene Corp Del                                                                                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     10000 | NS      | $356800.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Centene Corp., June 18, 2026, Call @ $30.00                                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $95000.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Centene Corp., June 18, 2026, Call @ $40.00                                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-98000.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., December 18, 2026, Call @ $155.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-61000.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., December 18, 2026, Put @ $155.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $64400.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., January 15, 2027, Call @ $130.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -190 | NC      | $-576840.00   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., January 15, 2027, Put @ $130.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       190 | NC      | $133570.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., June 18, 2026, Call @ $135.00                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-121350.00   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., June 18, 2026, Put @ $135.00                                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $24300.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., November 21, 2025, Call @ $160.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-17500.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., September 18, 2026, Call @ $150.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-64000.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Chevron Corp., September 18, 2026, Put @ $150.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $47800.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                        | Chevron Corp.                                                                                                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39000 | NS      | $6056310.00   | 6.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CitiGroup Mortgage Loan Trust, Inc.                  | CitiGroup Mortgage Loan Trust, Inc. Series 2005-OPT1 Class M3, 3.789%, (1 Month LIBOR USD + 0.710%), 2/25/2035  | CUSIP: 17307GNT1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43232 | PA      | $39508.16     | 0.04%             | 2035-02-25      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                 | Clear Channel Outdoor Holdings, Inc.                                                                            | CUSIP: 18453H106<br>LEI: 54930076J6KDZL504O62 | Long             | EC               | CORP              | US        |     11249 | NS      | $17773.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                 | Clear Channel Outdoor Holdings, Inc. Rights                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     11249 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Company                            | Colgate-Palmolive Company                                                                                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      7000 | NS      | $559580.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Colgate-Palmolive, Co., January 16, 2026, Call @ $95.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -70 | NC      | $-1400.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Colgate-Palmolive, Co., January 16, 2026, Put @ $95.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        70 | NC      | $106400.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Horizons Corp.                              | Computer Horizons Corp.                                                                                         | CUSIP: 205908304<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Conwert Immobilien Invest SE                         | Conwert Immobilien Invest SE (Austria)                                                                          | CUSIP: N/A<br>LEI: 529900VN62L73X20JX85       | Long             | EC               | CORP              | AT        |     45000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CWALT, Inc., Alternative Loan Series 07-0A7 Class A3 | Countrywide Alternative Loan Series 07-0A7 Class A3, 0.5017%, (1 Month LIBOR USD + 0.300%) 05/25/2047           | CUSIP: 126680AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2047-05-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CWALT, Inc., Alternative Loan Series 07-0A7 Class A3 | Countrywide Asset-Backed Certificates Series 2007-11 Class 2M2, 3.404%, (1 Month LIBOR USD + 0.320%) 06/25/2047 | CUSIP: 23247LAH1<br>LEI: 549300H6I2066O1LC673 | Long             | DBT              | CORP              | US        |    417563 | PA      | $15257.07     | 0.02%             | 2047-06-25      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Covestro AG                                          | Covestro AG                                                                                                     | CUSIP: 22304D207<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |     10000 | NS      | $683985.74    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                                  | Crescent Energy Co.                                                                                             | CUSIP: 44952J104<br>LEI: 549300WN2AGOX1011V72 | Long             | EC               | CORP              | US        |     90000 | NS      | $802800.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crescent Energy Co., October 17, 2025, Call @ $10.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -500 | NC      | $-3000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle International Corp.                     | Crown Castle International Corp.                                                                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     62000 | NS      | $5982380.00   | 6.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Call @ $97.50                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -180 | NC      | $-187200.00   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Call @ $85.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -110 | NC      | $-200200.00   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Call @ $87.50                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -110 | NC      | $-182050.00   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Put @ $85.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       110 | NC      | $63800.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Put @ $87.50                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       110 | NC      | $78100.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 15, 2027, Put @ $97.50                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       180 | NC      | $207900.00    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 16, 2026, Call @ $85.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-140000.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., January 16, 2026, Call @ $95.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -30 | NC      | $-18510.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., November 21, 2025, Call @ $97.50                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-18000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., September 18, 2026, Call @ $90.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-53800.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Crown Castle, Inc., September 18, 2026, Put @ $90.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $27200.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DIH Holdings, Inc.                                   | DIH Holdings, Inc.                                                                                              | CUSIP: 23290B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $561.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DIH Holdings, Inc.                                   | DIH Holdings, Inc. Warrant                                                                                      | CUSIP: 23290B114<br>LEI: N/A                  | Long             | DE               | CORP              | US        |     30000 | NS      | $300.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                                   | Devon Energy Corp.                                                                                              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     33000 | NS      | $1156980.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Devon Energy Corp., January 15, 2027, Put @ $35.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $75000.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | DiamondBack Energy, Inc., June 18, 2026, Call @ $140.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -75 | NC      | $-144000.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | DiamondBack Energy, Inc., June 18, 2026, Put @ $140.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        75 | NC      | $113250.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                             | Diamondback Energy, Inc.                                                                                        | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     12500 | NS      | $1788750.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Digicel Group Holdings Ltd.                          | Digicel Group 0.5 Ltd. Private Placement Series 144 A 8.0%, 04/01/2025                                          | CUSIP: 25381YAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     28351 | PA      | $5212.10      | 0.01%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Digicel Group Holdings Ltd.                          | Digicel Group 0.5 Ltd. Private Placement Series 144A Conv. 7.00%, Perpetual                                     | CUSIP: 25381YAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     88196 | PA      | $4674.39      | 0.00%             | 2050-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Dollar Tree, Inc.                                    | Dollar Tree, Inc.                                                                                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     10000 | NS      | $943700.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Dollar Tree, Inc., January 16, 2026, Call @ $105.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-39500.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Dollar Tree, Inc., January 16, 2026, Put @ $105.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $135000.00    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Emisphere Technologies, Inc.                         | Emisphere Technologies, Inc.                                                                                    | CUSIP: 291345106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $234300.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                        | Equinix                                                                                                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      3000 | NS      | $2349720.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Call @ $700                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -10 | NC      | $-146500.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Call @ $740                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -10 | NC      | $-122500.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Put @ $700                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        10 | NC      | $50500.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 18, 2026, Put @ $740                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        10 | NC      | $66050.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 19, 2025, Call @ $750                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -10 | NC      | $-61500.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 19, 2025, Put @ $700                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -10 | NC      | $-12800.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Equinix, Inc., December 19, 2025, Put @ $750                                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        10 | NC      | $26900.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Exide Technologies                                   | Exide Technologies                                                                                              | CUSIP: 302051404<br>LEI: 549300KITCGPNNNXQP63 | Long             | EC               | CORP              | US        |      5926 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Exide Technologies                                   | Exide Technologies                                                                                              | CUSIP: 302051305<br>LEI: 549300KITCGPNNNXQP63 | Long             | EC               | CORP              | US        |      1777 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Exide Technologies                                   | Exide Technologies, 11.000%, 4/30/2022                                                                          | CUSIP: 302051AY3<br>LEI: 549300KITCGPNNNXQP63 | Long             | DBT              | CORP              | US        |    546810 | PA      | $0.00         | 0.00%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Flyht Aerospace Solutions, Inc.                      | FLYHT Aerospace Solutions Ltd.                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    101663 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series B, 0.00%, (3 Month LIBOR USD + 0.1377%) Perpetual                       | CUSIP: 313400608<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     19000 | NS      | $396150.00    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series F, 5.00%, Perpetual                                                     | CUSIP: 313400863<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |      4500 | NS      | $106200.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series H, 5.10%, Perpetual                                                     | CUSIP: 313400855<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     55000 | NS      | $1306800.00   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series M, 0.00%, Perpetual                                                     | CUSIP: 313400780<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     10600 | NS      | $221222.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series Q, 0.00%, Perpetual                                                     | CUSIP: 313400756<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     42879 | NS      | $890168.04    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp                      | Federal Home Loan Mortgage Corp. Series S, 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual                         | CUSIP: 313400715<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | CORP              | US        |     25000 | NS      | $556250.00    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series H, 5.81%, Perpetual                                                      | CUSIP: 313586885<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |      5500 | NS      | $146410.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series I, 5.375%, Perpetual                                                     | CUSIP: 313586877<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |       700 | NS      | $18900.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series M, 4.75%, Perpetual                                                      | CUSIP: 313586836<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |      4440 | NS      | $113220.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series N, 5.50%, Perpetual                                                      | CUSIP: 313586828<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |       360 | NS      | $9378.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                | Federal National Mortgage Corp. Series T 8.25%, Perpetual                                                       | CUSIP: 313586737<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |     20000 | NS      | $310000.00    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Freshpet, Inc.                                       | Freshpet, Inc.                                                                                                  | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |      7000 | NS      | $385770.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Freshpet, Inc., December 19, 2025, Call @ $50.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -70 | NC      | $-68950.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | GNR Government National Mortgage Series 2019-108 Class NI, 4.00%, 08/20/2049                                    | CUSIP: 38381XZK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |     63041 | PA      | $10264.14     | 0.01%             | 2049-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp.                         | GSR Mortgage Loan Trust Series 2005-5F Class B2, 5.76%, 6/25/2035                                               | CUSIP: 36242D7Y3<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | DBT              | CORP              | US        |      6639 | PA      | $0.07         | 0.00%             | 2035-06-25      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Trust                                  | Goldman Sachs Tr Financial Square Government Fund - Institutional Class                                         | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4150482 | NS      | $4150482.17   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Greentown China Holdings Ltd.                        | Greentown China Holdings Ltd.                                                                                   | CUSIP: 4100M1050<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     20000 | NS      | $24413.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Guoco Group Ltd.                                     | Guoco Group Ltd. (Bermuda)                                                                                      | CUSIP: N/A<br>LEI: 3OIHUMDMI0Z4XVPQ8V78       | Long             | EC               | CORP              | BM        |     10000 | NS      | $97973.63     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hejun Shunze Investment Co.                          | Hejun Shunzie Investment, 11.500%, due 6/4/2022                                                                 | CUSIP: N/A<br>LEI: 2549003R8RQYIUTF0A45       | Long             | DBT              | CORP              | CN        |   5000000 | PA      | $50.00        | 0.00%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Helen Of Troy Ltd.                                   | Helen of Troy, Ltd.                                                                                             | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      5000 | NS      | $126000.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Helen of Troy, Ltd., January 16, 2026, Call @ $55.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-1250.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Helen of Troy, Ltd., January 16, 2026, Put @ $55.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $149500.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tim Hellas Telecommunications SA                     | Hellas Telecommunication Luxembourg II SCA (United Kingdom), 6.054%, (3 Month LIBOR USD + 5.750% ) 1/15/2015    | CUSIP: 88706QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   5000000 | PA      | $6250.00      | 0.01%             | 2039-01-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Henry Schein, Inc.                                   | Henry Schein, Inc.                                                                                              | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      8000 | NS      | $530960.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Henry Schein, Inc., January 16, 2026, Call @ $70.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-23600.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Henry Schein, Inc., January 16, 2026, Put @ $60.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-14400.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                        | Honeywell International, Inc.                                                                                   | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      3000 | NS      | $631500.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Honeywell International, Inc., January 16, 2026, Call @ $210.00                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -30 | NC      | $-34500.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Honeywell International, Inc., January 16, 2026, Put @ 180.00                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -30 | NC      | $-4800.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Honeywell International, Inc., January 16, 2026, Put @ 210.00                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        30 | NC      | $26250.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                          | Humana Inc.                                                                                                     | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      9000 | NS      | $2341530.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 16, 2026, Call @ $240.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-147200.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 16, 2026, Call @ $260.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-133500.00   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 16, 2026, Put @ $240.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $59800.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Humana, Inc., January 16, 2026, Put @ $260.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $121000.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Capital Group                               | Infinity Capital Group, 7.00%, 12/31/2049                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     25000 | PA      | $0.00         | 0.00%             | 2049-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Intelsat SA                                          | Intelsat Emergence SA (Luxembourg)                                                                              | CUSIP: L5217E120<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |      4675 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Investcorp Europe Acquisition Corp. I                | Investcorp Europe Acquisition Corp. I Class A Warrants, 11/23/2028                                              | CUSIP: G4923T113<br>LEI: N/A                  | Long             | DE               | CORP              | KY        |      3500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Inyx, Inc.                                           | Inyx, Inc.                                                                                                      | CUSIP: 461868101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167850 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Jingrui Holdings, Ltd.                               | Jingrui Holdings, Ltd., 12.750%, 09/09/2023, Defaulted                                                          | CUSIP: N/A<br>LEI: 549300RXCFKI6KHCMP52       | Long             | DBT              | CORP              | KY        |   5000000 | PA      | $12500.00     | 0.01%             | 2025-10-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kvh Industries, Inc.                                 | KVH Industries, Inc.                                                                                            | CUSIP: 482738101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70000 | NS      | $392000.00    | 0.40%             |  |  |  | No            |                  3 | On Loan: No      |
| Kvh Industries, Inc.                                 | KVH Industries, Inc. Rights                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | KY        |    145009 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KWG Group Holdings, Ltd.                             | KWG Group Holdings, Ltd., 7.400%, 001/13/2027                                                                   | CUSIP: N/A<br>LEI: 549300LK82ZOM92E7H90       | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $121000.00    | 0.12%             | 2027-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2026                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    100246 | PA      | $2756.77      | 0.00%             | 2026-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2028                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    200493 | PA      | $4761.71      | 0.00%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2029                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    200493 | PA      | $4761.71      | 0.00%             | 2029-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2030                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    250617 | PA      | $5952.15      | 0.01%             | 2030-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2031                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    250617 | PA      | $5952.15      | 0.01%             | 2031-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% 12/31/2032                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    472803 | PA      | $11229.07     | 0.01%             | 2032-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% Ser A 12/31/2025                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     75190 | PA      | $2255.70      | 0.00%             | 2025-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 0.00% Ser A 12/31/2027                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    125314 | PA      | $2976.21      | 0.00%             | 2027-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 5.00% Ser A 12/28/2027                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    100246 | PA      | $2506.15      | 0.00%             | 2027-12-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 5.750% Ser D 12/28/2030                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    300740 | PA      | $4135.18      | 0.00%             | 2030-12-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.00% 12/28/2031                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    451111 | PA      | $5075.00      | 0.01%             | 2031-12-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.250% Ser F 12/28/2032                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    422680 | PA      | $4755.15      | 0.00%             | 2032-12-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.250% Ser IAI 12/28/2028                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    150370 | PA      | $3195.36      | 0.00%             | 2028-12-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings, Ltd.                           | Kaisa Group Holdings Ltd., 6.500% Ser IAI 12/28/2029                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    250617 | PA      | $4699.07      | 0.00%             | 2029-12-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kvue Television, Inc.                                | Kenvue, Inc.                                                                                                    | CUSIP: 49177J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37000 | NS      | $600510.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kenvue, Inc., December 19, 2025, Call @ $18.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -120 | NC      | $-10800.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Kenvue, Inc., September 18, 2026, Put @ $15.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $52250.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr. Pepper, Inc.                              | Keurig Dr. Pepper, Inc.                                                                                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     15000 | NS      | $382650.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak AI, Inc.                                      | Kodiak AI, Inc.                                                                                                 | CUSIP: 500081104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3100 | NS      | $21204.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak AI, Inc.                                      | Kodiak AI, Inc. Warrants                                                                                        | CUSIP: 500081112<br>LEI: N/A                  | Long             | DE               | CORP              | US        |      1550 | NS      | $1650.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings, Inc.                           | Lamb Weston Holdings, Inc.                                                                                      | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     45000 | NS      | $2613600.00   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Lamb Weston Holdings, Inc., January 16, 2026, Call @ $50.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -450 | NC      | $-447750.00   | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Lamb Weston Holdings, Inc., January 16, 2026, Put @ $50.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       450 | NC      | $67500.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lebanon, Republic of (Lebanese Republic)             | Lebanese Republic Series GMTN (Lebanon) 6.15%, 6/19/2020                                                        | CUSIP: N/A<br>LEI: 529900QPC4K951KHL354       | Long             | DBT              | CORP              | LB        |   1000000 | PA      | $225631.25    | 0.23%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series LEHN 5.50%, 02/27/2020                                                    | CUSIP: 525ESCBV0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90.00        | 0.00%             | 2040-02-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTN 8.75%, 2/14/2023                                                      | CUSIP: 525ESCIM3<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180.00       | 0.00%             | 2043-02-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTN1 0.00%, (1 Month CPI YOY + 2.25%) 2/17/2015                           | CUSIP: 525ESC5G0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    110000 | PA      | $99.00        | 0.00%             | 2039-07-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTNG 0.00% (1 Month CPI YOY + 2.25%), 07/08/2014                          | CUSIP: 525ESCAN9<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117.00       | 0.00%             | 2039-02-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTNG 7.00%, 1/28/2020                                                     | CUSIP: 525ESCAI0<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90.00        | 0.00%             | 2040-01-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lehman Brothers Holdings, Inc.                       | Lehman Brothers Holdings, Inc. Series MTNH, 8.250%, 9/23/2020                                                   | CUSIP: 525ESC059<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90.00        | 0.00%             | 2040-09-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Liberty Broadband Corp Series C., December 19, 2025, Call @ $60.00                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-37000.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Broadband Corp.                              | Liberty Broadband Corp.                                                                                         | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      5000 | NS      | $317700.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                                | Lockheed Martin Corp.                                                                                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2500 | NS      | $1248025.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Lockheed Martin Corp., December 18, 2026, Call @ $420.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -25 | NC      | $-258500.00   | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Lockheed Martin Corp., December 18, 2026, Put @ $420.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        25 | NC      | $45875.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Marathon Petroleum Corp., December 19,2025, Call @ $140.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-215800.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                             | Marathon Petroleum Corp.                                                                                        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      4000 | NS      | $770960.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group, Inc.                                    | Match Group, Inc.                                                                                               | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     31000 | NS      | $1094920.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Match Group, Inc., January 16, 2026, Call @ $30.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -310 | NC      | $-192975.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Match Group, Inc., January 16, 2026, Put @ $25.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -110 | NC      | $-2255.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Match Group, Inc., January 16, 2026, Put @ $30.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       310 | NC      | $22940.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                              | Molina Healthcare, Inc.                                                                                         | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      3000 | NS      | $574080.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Molina Healthcare, Inc., December 19, 2025, Call @ $170.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        30 | NC      | $94350.00     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Molina Healthcare, Inc., December 19, 2025, Call @ $190.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -60 | NC      | $-124800.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| NII Holdings, Inc.                                   | NII Holdings, Inc.                                                                                              | CUSIP: 62913F508<br>LEI: 5493008M1YG2GODK3P05 | Long             | EC               | CORP              | US        |     44529 | NS      | $22264.50     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Nabors Energy Transition Corp. II                    | Nabors Energy Transition Corp. II                                                                               | CUSIP: G6363K122<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3600 | NS      | $30672.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Natures Miracle Holdings, Inc.                       | Natures Miracle Holdings, Inc.                                                                                  | CUSIP: 63903P209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       184 | NS      | $23.92        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natures Miracle Holdings, Inc.                       | Natures Miracle Holdings, Inc. Warrant 3/8/2029                                                                 | CUSIP: 63903P118<br>LEI: N/A                  | Long             | DE               | CORP              | US        |      2500 | NS      | $14.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Newmont Corp., December 18, 2026, Call @ $40.00                                                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -420 | NC      | $-1926750.00  | -1.94%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Newmont Corp., December 18, 2026, Put @ $40.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       420 | NC      | $30870.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Newmont Corp., January 16, 2026, Put @ $30.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       300 | NC      | $300.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Newmont Corp., January 16, 2026, Call @ $30.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -300 | NC      | $-1651500.00  | -1.66%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.                                        | Newmont Corp.                                                                                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     72000 | NS      | $6070320.00   | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Neiman-Marcus Group Inc                              | Nwa Sen                                                                                                         | CUSIP: 629ESC039<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       791 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Occidental Petroleum Corp.                           | Occidental Petroleum Corp.                                                                                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     85000 | NS      | $4016250.00   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., December 18, 2026, Call @ $45.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -190 | NC      | $-148200.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Call @ $45.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -110 | NC      | $-90200.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Put @ $35.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-18900.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Put @ $45.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       310 | NC      | $164300.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 15, 2027, Put @ $47.50                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $61500.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 16, 2026, Call @ $52.50                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-12400.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., January 16, 2026, Put @ $52.50                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        80 | NC      | $50800.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., June 18, 2026, Call @ $47.50                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-53000.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Occidental Petroleum Corp., June 18, 2026, Put @ $47.50                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $49250.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Optinose, Inc.                                       | Optinose CVR                                                                                                    | CUSIP: 684CVR012<br>LEI: N/A                  | Long             | DE               | CORP              | US        |     60000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PS International Group Ltd.                          | PS International Group, Ltd.                                                                                    | CUSIP: G7308J105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       500 | NS      | $242.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pratus Energy Services Ltd.                          | Paratus Energy Services Ltd. Series 144A (United Kingdom) 10.000%, 07/15/2026                                   | CUSIP: 81173JAC3<br>LEI: 549300XB7T5BX418QX67 | Long             | DBT              | CORP              | BM        |     51830 | PA      | $51700.42     | 0.05%             | 2026-07-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.               | Pershing Square Tontine Holdings, Ltd. ESCROW                                                                   | CUSIP: 715ESC018<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Petrocorp, Inc.                                      | Petrocorp., Inc.                                                                                                | CUSIP: 71645N994<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Phillips 66 Co.                                      | Phillips 66 Co.                                                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     38000 | NS      | $5168760.00   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Call @ $110.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -120 | NC      | $-397800.00   | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Call @ $120.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -50 | NC      | $-133000.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $100.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-39600.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $110.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       120 | NC      | $87000.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $120.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        50 | NC      | $52250.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., January 15, 2027, Put @ $130.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        80 | NC      | $115200.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66 Co., November 21, 2025, Call @ $125.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-51600.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, January 15, 2027, Call @ $125.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -90 | NC      | $-212850.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, January 15, 2027, Call @ $130                                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-167200.00   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, January 15, 2027, Put @ $125                                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        90 | NC      | $111150.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, November 21, 2025, Put @ $105.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-1200.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Phillips 66, November 21, 2025, Put @ $120.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $6280.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus N.V.                                          | Prosus N.V.                                                                                                     | CUSIP: 74365P108<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     33388 | NS      | $471438.56    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Sales Tax                                | Puerto Rico Commonwealth Restructured Series A1, 4.00%, 7/01/2037                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | CORP              | US        |     17074 | PA      | $16203.23     | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax                                | Puerto Rico Commonwealth Restructured Series A1, 5.625%, 7/01/2029                                              | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | CORP              | US        |     24036 | PA      | $25712.75     | 0.03%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2021                                               | CUSIP: 74526QYF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $6850.00      | 0.01%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series CCC, 4.25%, 7/01/2023                                               | CUSIP: 74526QYW6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | CORP              | US        |     10000 | PA      | $6850.00      | 0.01%             | 2025-12-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series DDD, 3.50%, 7/01/2020                                               | CUSIP: 74526QZE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $51375.00     | 0.05%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series DDD, 3.625%, 7/01/2021                                              | CUSIP: 74526QZF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $20550.00     | 0.02%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series TT, 5.00%, 7/01/2020                                                | CUSIP: 74526QKN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $37675.00     | 0.04%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                 | Puerto Rico Electric Power Authority Series WW, 5.50%, 7/01/2019                                                | CUSIP: 74526QUV2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $10275.00     | 0.01%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Rapid7, Inc.                                         | Rapid7, Inc.                                                                                                    | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     12000 | NS      | $225000.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Redsun Properties Group, Ltd.                        | Red Sun Properties Group, Inc., 7.30% due 1/13/2025                                                             | CUSIP: N/A<br>LEI: 549300TYWIIKAOK07L47       | Long             | DBT              | CORP              | KY        |   4400000 | PA      | $33000.00     | 0.03%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Redco Properties Group, Ltd.                         | Redco Properties Group, Ltd., 11.000%, 08/06/2023, Defaulted                                                    | CUSIP: N/A<br>LEI: 54930027GMI4T9YDMM54       | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $22500.00     | 0.02%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Regulus Therapeutics, Inc.                           | Regulus Therapeutics, Inc. CVR                                                                                  | CUSIP: 759CVR012<br>LEI: N/A                  | Long             | DE               | CORP              | US        |     60000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Rongchangda Development                              | Rongchangda Development, 3.00%, 3/29/2028                                                                       | CUSIP: N/A<br>LEI: 549300ZND9XLR0EN3R16       | Long             | DBT              | CORP              | VG        |   1200001 | PA      | $21702.02     | 0.02%             | 2028-03-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Rongchangda Development                              | Rongchangda Development, 3.00%, 3/29/2028                                                                       | CUSIP: N/A<br>LEI: 549300ZND9XLR0EN3R16       | Long             | DBT              | CORP              | VG        |    249999 | PA      | $4374.98      | 0.00%             | 2028-03-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ronshine China Holdings Ltd.                         | Ronshine China Holdings, Ltd., 7.35%, 12/15/2023, Defaulted                                                     | CUSIP: N/A<br>LEI: 549300GNBBT32SFSEC47       | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $8751.00      | 0.01%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ronshine China Holdings Ltd.                         | Ronshine China Holdings, Ltd., 8.75%, 10/2/2022, Defaulted                                                      | CUSIP: N/A<br>LEI: 549300GNBBT32SFSEC47       | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $31500.00     | 0.03%             | 2025-10-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ronshine China Holdings Ltd.                         | Ronshine Service Holding Co., Ltd                                                                               | CUSIP: 763681023<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    150000 | NS      | $4066.71      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                                     | Royal Gold, Inc.                                                                                                | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      8000 | NS      | $1604640.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Royal Gold, Inc., December 18, 2026, Call @ $160.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -80 | NC      | $-434000.00   | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Royal Gold, Inc., December 18, 2026, Put @ $160.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        80 | NC      | $66000.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings, Inc.                           | SBI Holdings, Inc.                                                                                              | CUSIP: 012093969<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     10000 | NS      | $435073.60    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacre-Coeur Minerals Ltd.                            | Sacre-Coeur Minerals Ltd. (Canada)                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |    109444 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                           | Scout24 SE                                                                                                      | CUSIP: BYT934000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |      1500 | NS      | $187661.84    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc                                   | Seabridge Gold Inc.                                                                                             | CUSIP: 811916105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    195000 | NS      | $4709250.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Seabridge Gold, Inc., February 20, 2026, Call @ $14.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -950 | NC      | $-964250.00   | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Seabridge Gold, Inc., January 15, 2027, Call @ $15.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |     -1000 | NC      | $-1100000.00  | -1.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill 2021 Ltd.                                   | Seadrill Ltd.                                                                                                   | CUSIP: G7997W102<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |         2 | NS      | $60.42        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pratus Energy Services Ltd.                          | Seadrill New Finance Private Placement Series 144A (United Kingdom) 12.00%, 7/15/2025                           | CUSIP: 811ESCAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    128802 | PA      | $0.00         | 0.00%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Semantix, Inc.                                       | Semantix, Inc. Class A Warrants 08/04/2027                                                                      | CUSIP: G6332A114<br>LEI: N/A                  | Long             | DE               | CORP              | KY        |       375 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SES SA                                               | Ses Sa 0.00% 01/14/2033                                                                                         | CUSIP: L8176HAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      4675 | PA      | $0.00         | 0.00%             | 2033-01-14      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 2.000% 01/21/2034 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |    683532 | PA      | $15379.47     | 0.02%             | 2034-01-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 2.000% 07/21/2032 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |    455688 | PA      | $14809.86     | 0.01%             | 2032-07-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 2.000% 07/21/2033 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |    683532 | PA      | $20505.96     | 0.02%             | 2033-07-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Group Holdings, Ltd. 5.000% 07/21/2031 Defaulted                                                         | CUSIP: N/A<br>LEI: 254900WTJ6B5CU69ZD26       | Long             | DBT              | CORP              | KY        |     33080 | PA      | $1343.05      | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shimao Group Holdings, Ltd.                          | Shimao Property Holdings Ltd.                                                                                   | CUSIP: G81043104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2375656 | NS      | $114468.01    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino Ocean Group Holdings LTD 1.00% Perpetual                                                                   | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | DBT              | CORP              | HK        |    857626 | PA      | $64107.54     | 0.06%             | 2050-12-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino Ocean Group Holdings LTD 3.00% 03/27/2033                                                                  | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | DBT              | CORP              | HK        |    585000 | PA      | $78322.73     | 0.08%             | 2033-03-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino Ocean Group Holdings LTD MCB 0.00% 03/27/2027                                                              | CUSIP: N/A<br>LEI: 529900OLNN3N4AB8ME83       | Long             | DBT              | CORP              | HK        |   2001128 | PA      | $28315.96     | 0.03%             | 2027-03-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sino-Ocean Group Holding Ltd.                        | Sino-Ocean Group Holdings, Ltd.                                                                                 | CUSIP: Y8002N103<br>LEI: 529900OLNN3N4AB8ME83 | Long             | EC               | CORP              | HK        |   2000000 | NS      | $41116.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings, Inc.                             | Sirius XM Holdings                                                                                              | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        62 | NS      | $1443.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sohu.Com Ltd.                                        | Sohu.com Ltd.                                                                                                   | CUSIP: 83410S108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     29000 | NS      | $453270.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                               | Southwest Airlines Co.                                                                                          | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     35000 | NS      | $1116850.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Southwest Airlines, Inc., January 15, 2027, Call @ $30.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -150 | NC      | $-98250.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Southwest Airlines, Inc., January 15, 2027, Put @ $30.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       150 | NC      | $60000.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Southwest Airlines, Inc., January 16, 2026, Call @ $25.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-135400.00   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Southwest Airlines, Inc., January 16, 2026, Put @ $25.00                                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $11400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                      | Starbucks Corp.                                                                                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     40000 | NS      | $3384000.00   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., December 18, 2026, Call @ $105.00                                                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-52500.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., December 18, 2026, Put @ $105.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $240500.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., January 15, 2027, Call @ $95.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -100 | NC      | $-85500.00    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., January 15, 2027, Put @ $95.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       100 | NC      | $174500.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., June 18, 2026, Call @ $90.00                                                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-149000.00   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Starbucks, Corp., June 18, 2026, Put @ $90.00                                                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $239000.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Strategic Environmental & Energy Resources Inc.      | Strategic Environmental & Energy Resources, Inc.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     43000 | NS      | $1019.10      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Suncar Technology Group, Inc.                        | SunCar Technology Group, Inc. Class A, Warrant 05/18/2028                                                       | CUSIP: G85727116<br>LEI: N/A                  | Long             | DE               | CORP              | KY        |       300 | NS      | $17.34        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunac China Holdings Ltd.                            | Sunac China Hildings Ltd.                                                                                       | CUSIP: N/A<br>LEI: 549300OLARYHDXP3WK18       | Long             | EC               | CORP              | KY        |    300000 | NS      | $65529.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunac China Holdings, Ltd.                           | Sunac China Holdings, Ltd., 7.250%, 09/30/2030                                                                  | CUSIP: N/A<br>LEI: 549300OLARYHDXP3WK18       | Long             | DBT              | CORP              | KY        |   4295256 | PA      | $638587.74    | 0.64%             | 2030-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                  | Suncor Energy Inc.                                                                                              | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     45000 | NS      | $1881450.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Suncor Energy, Inc., June 18, 2026, Call @ $35.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -250 | NC      | $-207500.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Suncor Energy, Inc., June 18, 2026, Put @ $35.00                                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       250 | NC      | $33125.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Suncor Energy, Inc., March 20, 2026, Call @ $35.00                                                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -200 | NC      | $-157000.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | Suncor Energy, Inc., March 20, 2026, Put @ $35.00                                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       200 | NC      | $16500.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rapid7, Inc.                                         | Surgery Partners, Inc.                                                                                          | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |     22000 | NS      | $476080.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Surgery Partners, Inc., December 19, 2025, Call @ $20                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -120 | NC      | $-34200.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TOYO Co.                                             | TOYO Co Ltd Rights                                                                                              | CUSIP: G8976D107<br>LEI: N/A                  | Long             | DE               | CORP              | JP        |      1000 | NS      | $5766.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYO Co.                                             | TOYO Co Ltd WTS                                                                                                 | CUSIP: G8976D115<br>LEI: N/A                  | Long             | DE               | CORP              | JP        |      5000 | NS      | $1750.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The J. M. Smucker Co.                                | The J. M. Smucker Co.                                                                                           | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      4000 | NS      | $434400.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | The J.M. Smucker Co., January 16, 2026, Call @ $95.00                                                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -40 | NC      | $-62000.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | The J.M. Smucker Co., January 16, 2026, Put @ $95.00                                                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        40 | NC      | $6300.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Times China Holdings Ltd.                            | Times China Holdings Ltd.                                                                                       | CUSIP: 8904A1004<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    500000 | NS      | $12399.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Times China Holdings Ltd.                            | Times China Holdings, Ltd., 5.75%, 01/14/2027, Defaulted                                                        | CUSIP: N/A<br>LEI: 2549000KTINB9ZPZP710       | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $65000.00     | 0.07%             | 2027-01-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Treehouse Foods, Inc.                                | TreeHouse Foods, Inc.                                                                                           | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |    162000 | NS      | $3274020.00   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | Treehouse Foods, Inc., October 17, 2025, Call @ $40.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |      -250 | NC      | $-5000.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Of America                             | U.S. Government Treasury Bill, 2.75%, 08/15/2032                                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1859531.24   | 1.87%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Of America                             | US Treasury Note 3.375% 5/15/2033                                                                               | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1921562.50   | 1.94%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury             | US Treasury Note 4.50% 11/15/2033                                                                               | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4136093.76   | 4.17%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| USU Software AG                                      | USU Software AG                                                                                                 | CUSIP: 00A0BVU28<br>LEI: 391200W2QBWCAZN4SR55 | Long             | EC               | CORP              | DE        |      5000 | NS      | $56104.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                                                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      9500 | NS      | $3280350.00   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., December 19, 2025, Call @ $240.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -15 | NC      | $-162487.50   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., December 19, 2025, Put @ $240.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        15 | NC      | $1815.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., January 15, 2027, Call @ $280.00                                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-188000.00   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., January 15, 2027, Put @ $280.00                                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $43600.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Call @ $270.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-214550.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Call @ $290.00                                                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-188800.00   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Put @ $270.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $44050.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., June 17, 2027, Put @ $290.00                                                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $59450.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., September 18, 2026, Call @ $280.00                                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-177300.00   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                               | UnitedHealth Group, Inc., September 18, 2026, Put @ $280.00                                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $36400.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WeBuild SpA                                          | WeBuild SpA ADR                                                                                                 | CUSIP: N/A<br>LEI: 549300UKR289DF4UXQ47       | Long             | EC               | CORP              | IT        |     25935 | NS      | $107628.18    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Winn Dixie Stores, Inc.                              | Winn Dixie Stores, Inc. 8.875% 4/01/2008                                                                        | CUSIP: 9742809B7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $0.00         | 0.00%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 1.000%, 06/30/2034                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     49974 | PA      | $299.84       | 0.00%             | 2034-06-30      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 4.000%, 06/30/2028                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     16483 | PA      | $576.91       | 0.00%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 4.500%, 06/30/2029                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     28704 | PA      | $925.41       | 0.00%             | 2029-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 5.000%, 06/30/2030                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     38313 | PA      | $926.28       | 0.00%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 5.500%, 06/30/2031                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     53745 | PA      | $1127.45      | 0.00%             | 2031-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd. 6.000%, 06/30/2027                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     14130 | PA      | $1830.47      | 0.00%             | 2027-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Yuzhou Group Holdings Company Ltd.                   | Yuzhou Group Holdings Company Ltd                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     85189 | NS      | $2791.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhenro Properties Group, Ltd.                        | Zhenro Properties Group 14.724 PERP *Defaulted                                                                  | CUSIP: N/A<br>LEI: 549300I66TVJEL841P38       | Long             | DBT              | CORP              | KY        |   6000000 | PA      | $7500.00      | 0.01%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Zhenro Properties Group, Ltd.                        | Zhenro Properties Group, 6.630%, 01/06/2026 *Defaulted                                                          | CUSIP: N/A<br>LEI: 549300I66TVJEL841P38       | Long             | DBT              | CORP              | KY        |    500000 | PA      | $1230.00      | 0.00%             | 2026-01-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| IHeartMedia, Inc.                                    | iHeartMedia, Inc. Class A                                                                                       | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4610 | NS      | $13230.70     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

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

**Name of Applicant:** Frank Funds

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

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

**Title:** President and Treasurer