# EDGAR Filing Document

**Accession Number:** 0000732697
**File Stem:** 0001752724-23-026668
**Filing Date:** 2023-2
**Character Count:** 35952
**Document Hash:** a72a55ce30093ed096cee53a8adb9cc2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-026668.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001752724-23-026668

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ULTRA SERIES FUND
- **CENTRAL INDEX KEY:** 0000732697
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04815
- **FILM NUMBER:** 23638481

**BUSINESS ADDRESS:**
- **STREET 1:** 550 SCIENCE DRIVE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53711
- **BUSINESS PHONE:** 6082740300

**MAIL ADDRESS:**
- **STREET 1:** 550 SCIENCE DRIVE
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53711

## Series and Classes Contracts Data

### High Income Fund (Series ID: S000019979)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000056037 | High Income Fund Class I  |  |
| C000074784 | High Income Fund Class II |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ULTRA SERIES FUND

- **b. Investment Company Act file number:** 811-04815

- **c. CIK number of Registrant:** 0000732697

- **d. LEI of Registrant:** 254900JPNAJ16VJV5X45

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

  - **Street Address 1:** 550 SCIENCE DRIVE

  - **City:** MADISON

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53711

  - **Telephone number:** 608-274-0300

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

- **a. Name of Series:** High Income Fund

- **b. EDGAR series identifier (if any):** S000019979

- **c. LEI of Series:** 254900Q33QHU0NMTYJ27

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $14372609.87

**Total Liabilities:** $1498928.27

**Net Assets:** $12873681.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1.23000000 | **1-Year:** -83.03000000 | **5-Year:** -241.36000000 | **10-Year:** -54.68000000 | **30-Year:** 0.00000000

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

- **3-Month:** -26.08000000 | **1-Year:** -1031.65000000 | **5-Year:** -2180.96000000 | **10-Year:** -309.86000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000056037 | 2.68%                | 1.67%                | -0.36%               |
| Class ID C000074784 | 2.66%                | 1.65%                | -0.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1924.92                 | $286586.86                                 |
| Month 2  | $-2131.46                | $166498.04                                 |
| Month 3  | $0.00                    | $-100006.83                                |

### Schedule of Portfolio Investments

| Name                                        | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES INC                         | United Airlines, Inc.                                                       | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115865.75    | 0.90%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                              | Brink's Co.                                                                 | CUSIP: 109696AB0<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122728.54    | 0.95%             | 2025-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Berry Petroleum Co LLC                      | Berry Petroleum Co. LLC                                                     | CUSIP: 08580BAA4<br>LEI: DQ2XTZKV7SILNNV77403 | Long             | DBT              | CORP              | US        |    125000 | PA      | $114804.45    | 0.89%             | 2026-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                    | Outfront Media Capital LLC/Outfront Media Capital Corp.                     | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $103716.25    | 0.81%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| QVC INC                                     | QVC, Inc.                                                                   | CUSIP: 747262AZ6<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    160000 | PA      | $95600.00     | 0.74%             | 2028-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                    | Hughes Satellite Systems Corp.                                              | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $215820.00    | 1.68%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                     | HCA, Inc.                                                                   | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251854.30    | 1.96%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                             | AdaptHealth LLC                                                             | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $41862.50     | 0.33%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                  | Sprint LLC                                                                  | CUSIP: 85207UAH8<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280507.15    | 2.18%             | 2024-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                             | Lamb Weston Holdings, Inc.                                                  | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    125000 | PA      | $110400.00    | 0.86%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                      | AmeriGas Partners LP/AmeriGas Finance Corp.                                 | CUSIP: 030981AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94970.94     | 0.74%             | 2026-08-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                     | United Rentals North America, Inc.                                          | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98720.00     | 0.77%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                      | Edgewell Personal Care Co.                                                  | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116903.75    | 0.91%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN BRAND INTELLECT                    | Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.        | CUSIP: 41984LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    175000 | PA      | $158375.00    | 1.23%             | 2026-01-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME                    | Roller Bearing Co. of America, Inc.                                         | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86470.00     | 0.67%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SEALED AIR CORP                             | Sealed Air Corp.                                                            | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117500.00    | 0.91%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INTL                      | Williams Scotsman International, Inc.                                       | CUSIP: 71953LAA9<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173250.00    | 1.35%             | 2025-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| BREAD FINANCIAL HLDGS                       | Bread Financial Holdings, Inc.                                              | CUSIP: 018581AK4<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $443369.02    | 3.44%             | 2024-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| State Street Global Advisors                | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   1487922 | NS      | $1487922.50   | 11.56%            |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                           | Iron Mountain, Inc.                                                         | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    135000 | PA      | $117315.00    | 0.91%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PITNEY BOWES INC                            | Pitney Bowes, Inc.                                                          | CUSIP: 724479AP5<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    210000 | PA      | $179526.90    | 1.39%             | 2027-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     90000 | PA      | $72439.20     | 0.56%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx High Yield Corporate Bond ETF | iShares iBoxx High Yield Corporate Bond ETF                                 | CUSIP: 464288513<br>LEI: 549300WY6QQ9HGWLNX87 | Long             | EC               | RF                | US        |      5900 | NS      | $434417.00    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VIASAT INC                                  | Viasat, Inc.                                                                | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $112533.42    | 0.87%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARCONIC CORP                                | Arconic Corp.                                                               | CUSIP: 03966VAA5<br>LEI: 549300B4YFWH3U74B152 | Long             | DBT              | CORP              | US        |    175000 | PA      | $164196.38    | 1.28%             | 2028-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    168131 | NS      | $168131.40    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL HOLDINGS INC                            | LPL Holdings, Inc.                                                          | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    150000 | PA      | $130515.00    | 1.01%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                               | TransDigm, Inc.                                                             | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271202.25    | 2.11%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC/CCO Holdings Capital Corp.                                 | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $123620.48    | 0.96%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                | Calpine Corp.                                                               | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    135000 | PA      | $108658.71    | 0.84%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                 | Netflix, Inc.                                                               | CUSIP: 64110LAX4<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128660.92    | 1.00%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                     | EnerSys                                                                     | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    125000 | PA      | $112500.00    | 0.87%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                | Cars.com, Inc.                                                              | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $133273.29    | 1.04%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                               | Carnival Corp.                                                              | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $142808.00    | 1.11%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC                          | Enact Holdings, Inc.                                                        | CUSIP: 37255LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $246250.00    | 1.91%             | 2025-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NFP CORP                                    | NFP Corp.                                                                   | CUSIP: 65342RAD2<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |    125000 | PA      | $103034.87    | 0.80%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                      | RR Donnelley & Sons Co.                                                     | CUSIP: 257867BF7<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    300000 | PA      | $279000.00    | 2.17%             | 2026-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MALLINCKRODT FIN/SB                         | Mallinckrodt International Finance SA/Mallinckrodt CB LLC                   | CUSIP: 561233AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    425000 | PA      | $282625.00    | 2.20%             | 2025-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                     | MPT Operating Partnership LP/MPT Finance Corp.                              | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $252159.00    | 1.96%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| LAMB WESTON HLD                             | Lamb Weston Holdings, Inc.                                                  | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118437.50    | 0.92%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                      | Millennium Escrow Corp.                                                     | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $144011.51    | 1.12%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| B&G FOODS INC                               | B&G Foods, Inc.                                                             | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    220000 | PA      | $168715.40    | 1.31%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP/FINANCE CORP                      | Sunoco LP/Sunoco Finance Corp.                                              | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $95485.50     | 0.74%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                     | SBA Communications Corp.                                                    | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    250000 | PA      | $225847.15    | 1.75%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Murphy Oil USA Inc                          | Murphy Oil USA, Inc.                                                        | CUSIP: 626738AD0<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388404.00    | 3.02%             | 2027-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                | ADT Security Corp.                                                          | CUSIP: 00101JAH9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222762.32    | 1.73%             | 2023-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                     | Frontier Communications Holdings LLC                                        | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $195372.00    | 1.52%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOME POINT CAPITAL INC                      | Home Point Capital, Inc.                                                    | CUSIP: 43734LAA4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    130000 | PA      | $89893.72     | 0.70%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                            | Credit Acceptance Corp.                                                     | CUSIP: 225310AN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $117472.44    | 0.91%             | 2024-12-31      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                      | Energizer Holdings, Inc.                                                    | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    190000 | PA      | $164654.63    | 1.28%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                    | RHP Hotel Properties LP/RHP Finance Corp.                                   | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    115000 | PA      | $99198.26     | 0.77%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                       | Playtika Holding Corp.                                                      | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    110000 | PA      | $86344.50     | 0.67%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| ADVANTAGE SALES & MARKET                    | Advantage Sales & Marketing, Inc.                                           | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |    150000 | PA      | $114352.50    | 0.89%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                         | Buckeye Partners LP                                                         | CUSIP: 118230AT8<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142933.02    | 1.11%             | 2025-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LEGACY LIFEPOINT HEALTH                     | Legacy LifePoint Health LLC                                                 | CUSIP: 53219LAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $141163.50    | 1.10%             | 2025-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                    | Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.                        | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $152654.60    | 1.19%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                        | RLJ Lodging Trust LP                                                        | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    150000 | PA      | $133450.63    | 1.04%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                      | Spirit AeroSystems, Inc.                                                    | CUSIP: 85205TAL4<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247040.00    | 1.92%             | 2025-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                     | International Game Technology PLC                                           | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $233163.60    | 1.81%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                    | American Airlines, Inc./AAdvantage Loyalty IP Ltd.                          | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    300000 | PA      | $288413.48    | 2.24%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                             | Madison IAQ LLC                                                             | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $164000.00    | 1.27%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                    | Jefferies Finance LLC/JFIN Co.-Issuer Corp.                                 | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $163146.00    | 1.27%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                            | Vail Resorts, Inc.                                                          | CUSIP: 91879QAL3<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200000.15    | 1.55%             | 2025-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                            | Lamar Media Corp.                                                           | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $165271.82    | 1.28%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                    | Genting New York LLC/GENNY Capital, Inc.                                    | CUSIP: 37255JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $175083.69    | 1.36%             | 2026-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp.                                                       | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    195000 | PA      | $155067.90    | 1.20%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Iron Mountain Inc                           | Iron Mountain, Inc.                                                         | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    250000 | PA      | $229900.00    | 1.79%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                     | MPT Operating Partnership LP/MPT Finance Corp.                              | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |    150000 | PA      | $102822.54    | 0.80%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                    | Performance Food Group, Inc.                                                | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    215000 | PA      | $202780.48    | 1.58%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MGIC INVESTMENT CORP                        | MGIC Investment Corp.                                                       | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184417.01    | 1.43%             | 2028-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | Level 3 Financing, Inc.                                                     | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    180000 | PA      | $141786.00    | 1.10%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Waste Pro USA Inc                           | Waste Pro USA, Inc.                                                         | CUSIP: 94107JAA1<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    225000 | PA      | $198697.50    | 1.54%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                    | Diversified Healthcare Trust                                                | CUSIP: 25525PAA5<br>LEI: N/A                  | Long             | DBT              |  | US        |     75000 | PA      | $71847.36     | 0.56%             | 2025-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp                             | Sealed Air Corp.                                                            | CUSIP: 81211KAW0<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294750.00    | 2.29%             | 2024-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                    | Telesat Canada/Telesat LLC                                                  | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    175000 | PA      | $50618.97     | 0.39%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                      | Sunoco LP/Sunoco Finance Corp.                                              | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147704.79    | 1.15%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                | U.S. Foods, Inc.                                                            | CUSIP: 90290MAC5<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173168.29    | 1.35%             | 2025-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** ULTRA SERIES FUND

**Signature:** Greg Hoppe

**Name of Signer:** Greg Hoppe

**Title:** Chief Financial Officer