# EDGAR Filing Document

**Accession Number:** 0001771146
**File Stem:** 0001004726-26-003626
**Filing Date:** 2026-5
**Character Count:** 54084
**Document Hash:** 64f779ad19195b1c796c1d837106ba39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-003626.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001004726-26-003626

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Opportunities Trust
- **CENTRAL INDEX KEY:** 0001771146

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23439
- **FILM NUMBER:** 261012615

**BUSINESS ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235
- **BUSINESS PHONE:** 804-267-7400

**MAIL ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235

## Series and Classes Contracts Data

### Brookmont Catastrophic Bond ETF (Series ID: S000088027)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000254055 | Brookmont Catastrophic Bond ETF | ILS             |

## Nport-Ex

**1**

QUARTERLY REPORT

**BROOKMONT CATASTROPHIC BOND ETF**

**Schedule of Investments** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; **6.22%** | **TREASURY BILLS** |  |  |
|  | US Treasury Bill 04/02/2026 1.785%<sup>(A)</sup>  | $3500000 <br>| $3499651 <br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **6.22%** | **TOTAL TREASURIES**  | **TOTAL TREASURIES**  | 3499651 |
|  | (Cost: $3,499,658) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **88.73%** | **INSURANCE-LINKED SECURITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **88.73%** | **FINANCIALS** |  |  |
|  | 2001 Cat RE Ltd. 01/08/2027 <br>15.766% 144A<sup>(B)</sup>  | 1750000 | 1783775 |
|  | 3264 RE Ltd. 02/07/2028 24.750% 144A  | 500000 | 523775 |
|  | Abacab RE Ltd. 04/13/2029 9.790% 144A  | 1000000 | 1000000 |
|  | Acorn Re Ltd. 11/06/2026 7.863% 144A<sup>(B)</sup>  | 250000 | 253350 |
|  | Alamo Re Ltd. 06/07/2026 12.580% 144A<sup>(B)</sup>  | 250000 | 253375 |
|  | Alamo Re Ltd. 144A<sup>(B)</sup>  | 250000 | 254875 |
|  | Aragonite Re Ltd. 04/07/2027 <br>8.953% 144A<sup>(B)</sup>  | 1000000 | 1021600 |
|  | Armor RE II Ltd. 01/07/2028 12.040% 144A<sup>(B)</sup>  | 1000000 | 1060300 |
|  | Ashera RE 04/07/2027 8.743% 144A<sup>(B)</sup>  | 500000 | 505850 |
|  | Atlas Capital Dac 06/07/2028 <br>10.906% 144A<sup>(B)</sup>  | 750000 | 771975 |
|  | Baldwin Re Ltd. 07/07/2027 8.590% 144A<sup>(B)</sup>  | 250000 | 255988 |
|  | Bayou RE Ltd. 04/30/2027 11.842% 144A<sup>(B)</sup>  | 500000 | 519500 |
|  | Bayou Re Ltd. 05/26/2026 15.920% 144A<sup>(B)</sup>  | 250000 | 253875 |
|  | Black Kite Re Ltd. 05/08/2028 <br>11.470% 144A<sup>(B)</sup>  | 500000 | 504325 |
|  | Blue Ridge Re Ltd. 01/08/2027 <br>8.750% 144A<sup>(B)</sup>  | 250000 | 252350 |
|  | Blue Ridge RE Ltd. 01/08/2029 <br>9.500% 144A<sup>(B)</sup>  | 250000 | 247288 |
|  | Blue Ridge RE Ltd. 01/08/2029 <br>14.500% 144A<sup>(B)</sup>  | 750000 | 741338 |
|  | Bluebonnet RE Ltd. 06/07/2028 <br>9.250% 144A<sup>(B)</sup>  | 250000 | 257875 |
|  | Bonanza RE Ltd. 01/08/2027 <br>3.500% 144A<sup>(B)</sup>  | 750000 | 636375 |
|  | Bonanza RE Ltd. 12/19/2027 9.000% 144A<sup>(B)</sup>  | 500000 | 505350 |

---

**2**

QUARTERLY REPORT

**BROOKMONT CATASTROPHIC BOND ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
|  Bridge Street RE Ltd. 01/08/2029 <br>11.280% 144A<sup>(B)</sup>  | $250000 <br>| $251725 <br>|
|  Cape Lookout RE Ltd. 03/13/2028 <br>10.400% 144A<sup>(B)</sup>  | 750000 | 782925 |
|  Cape Lookout RE Ltd. 03/21/2029 <br>8.750% 144A<sup>(B)</sup>  | 500000 | 500000 |
|  Charles River Re Ltd. 05/10/2027 <br>11.142% 144A<sup>(B)</sup>  | 250000 | 257350 |
|  Citrus Re Ltd. 06/07/2026 12.250% 144A<sup>(B)</sup>  | 250000 | 253500 |
|  Citrus RE Ltd. 06/07/2027 12.730% 144A<sup>(B)</sup>  | 250000 | 258550 |
|  Citrus RE Ltd. 06/07/2029 9.920% 144A<sup>(B)</sup>  | 500000 | 500000 |
|  Commonwealth Re Ltd. 07/08/2026 <br>7.387% 144A<sup>(B)</sup>  | 250000 | 251650 |
|  Everglades RE Ii Ltd. 05/13/2027 <br>14.003% 144A<sup>(B)</sup>  | 1250000 | 1266875 |
|  Fish Pond Re Ltd. 01/08/2027 <br>7.560% 144A<sup>(B)</sup>  | 250000 | 253625 |
|  Floodsmart Re Ltd. 03/12/2027 <br>17.860% 144A<sup>(B)</sup>  | 1250000 | 1310312 |
|  Floodsmart RE Ltd. 03/12/2027 <br>21.130% 144A<sup>(B)</sup>  | 250000 | 251225 |
|  Foundation Re IV Ltd. 01/08/2027 <br>9.780% 144A<sup>(B)</sup>  | 750000 | 766312 |
|  Four Lakes Re Ltd. 01/07/2027 <br>13.240% 144A<sup>(B)</sup>  | 750000 | 756375 |
|  Four Lakes Re Ltd. 01/07/2028 <br>11.790% 144A<sup>(B)</sup>  | 250000 | 253562 |
|  Four Lakes RE Ltd. 01/07/2028 <br>9.040% 144A<sup>(B)</sup>  | 750000 | 767025 |
|  Four Lakes RE Ltd. 01/08/2029 <br>9.540% 144A<sup>(B)</sup>  | 250000 | 248112 |
|  Fuchsia 2023-1 London Bridge 2 PCC Ltd. 04/06/2027 13.810% 144A<sup>(B)</sup>  | 750000 | 774900 |
|  Fuchsia 2024-1 - London Bridge 2 PCC Ltd. 04/06/2028 8.660% 144A<sup>(B)</sup>  | 250000 | 257012 |
|  Gateway Re Ltd. 07/07/2027 13.040% 144A  | 750000 | 771488 |
|  Golden Bear RE Ltd. 03/07/2029 <br>13.172% 144A<sup>(B)</sup>  | 250000 | 250000 |
|  Handshake RE Ltd. 01/08/2030 <br>8.030% 144A<sup>(B)</sup>  | 250000 | 248550 |

---

**3**

QUARTERLY REPORT

**BROOKMONT CATASTROPHIC BOND ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
|  Herbie RE Ltd. 06/07/2027 34.530% 144A<sup>(B)</sup>  | $1000000 <br>| $1117050 <br>|
|  Hestia RE Ltd. 03/13/2028 10.260% 144A<sup>(B)</sup>  | 500000 | 508000 |
|  Integrity RE III 06/06/2027 29.000% 144A<sup>(B)</sup>  | 1500000 | 1648350 |
|  Integrity RE III 06/07/2029 6.000% 144A<sup>(B)</sup>  | 1250000 | 1250000 |
|  Kendall RE Ltd. 04/30/2027 11.241% 144A<sup>(B)</sup>  | 500000 | 513500 |
|  Lightning Re Series 2023 03/31/2026 <br>14.541% 144A  | 250000 | 250000 |
|  Logistics Re Ltd. 12/21/2027 9.500% 144A  | 250000 | 255125 |
|  Marlon Ltd. 06/07/2027 10.836% 144A<sup>(B)</sup>  | 250000 | 261350 |
|  Maschpark Re Ltd. 01/10/2028 <br>7.000% 144A<sup>(B)</sup>  | 1250000 | 1275625 |
|  Matterhorn RE Ltd. 02/16/2029 <br>15.290% 144A<sup>(B)</sup>  | 500000 | 497350 |
|  Matterhorn RE Ltd. 02/04/2028 <br>15.930% 144A<sup>(B)</sup>  | 500000 | 498925 |
|  Matterhorn Re Ltd. 09/22/2028 <br>6.040% 144A<sup>(B)</sup>  | 250000 | 250388 |
|  Mayflower RE Ltd. 07/08/2026 <br>10.013% 144A<sup>(B)</sup>  | 250000 | 253250 |
|  Meadows Ltd. 12/07/2029 15.753% 144A<sup>(B)</sup>  | 250000 | 243362 |
|  Meadows Ltd. 12/07/2029 11.003% 144A<sup>(B)</sup>  | 500000 | 495275 |
|  Mona Lisa RE Ltd. 01/08/2031 <br>9.040% 144A<sup>(B)</sup>  | 250000 | 251050 |
|  Montoya Re Ltd. 04/07/2028 10.110% 144A<sup>(B)</sup>  | 750000 | 764212 |
|  Mountain Re Ltd 06/05/2026 <br>10.250% 144A<sup>(B)</sup>  | 250000 | 252625 |
|  Nakama Re Ltd. 05/09/2028 7.502% 144A<sup>(B)</sup>  | 750000 | 771225 |
|  Nakama Re Pte. Ltd. 04/04/2029 <br>6.018% 144A<sup>(B)</sup>  | 250000 | 251738 |
|  Palm Re Ltd. 06/07/2027 13.210% 144A<sup>(B)</sup>  | 500000 | 523300 |
|  Palm RE Ltd. 06/07/2028 11.260% 144A<sup>(B)</sup>  | 500000 | 515450 |
|  Photon RE Ltd. 03/07/2030 11.530% 144A<sup>(B)</sup>  | 250000 | 249800 |
|  Photon RE Ltd. 03/07/2030 12.280% 144A<sup>(B)</sup>  | 250000 | 249625 |
|  Puerto Rico Parametric 06/07/2027 <br>12.503% 144A<sup>(B)</sup>  | 750000 | 784988 |
|  Purple Re Ltd. 06/05/2026 14.110% 144A<sup>(B)</sup>  | 250000 | 254125 |
|  Purple Re Ltd. 06/07/2027 12.656% 144A<sup>(B)</sup>  | 250000 | 257900 |

---

**4**

QUARTERLY REPORT

**BROOKMONT CATASTROPHIC BOND ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
|  Purple RE Ltd. 06/07/2029 6.030% 144A<sup>(B)</sup>  | $250000 <br>| $250000 <br>|
|  Residential RE 2023 Ltd. 12/06/2027 <br>9.500% 144A<sup>(B)</sup>  | 250000 | 260450 |
|  Residential Reinsur 2025 12/06/2029 <br>13.753% 144A<sup>(B)</sup>  | 750000 | 744938 |
|  Sabine RE Ltd. 04/08/2030 9.172% 144A<sup>(B)</sup>  | 500000 | 500000 |
|  Sanders RE Ii Ltd. 04/08/2030 <br>8.253% 144A<sup>(B)</sup>  | 250000 | 262575 |
|  Sanders Re III Ltd. 04/07/2027 <br>9.010% 144A<sup>(B)</sup>  | 250000 | 255612 |
|  Sanders RE III Ltd. 04/07/2028 <br>9.100% 144A<sup>(B)</sup>  | 1175000 | 1224115 |
|  Sutter RE Ltd. 06/19/2026 10.250% 144A<sup>(B)</sup>  | 250000 | 252175 |
|  Sutter RE Ltd. 06/19/2026 13.250% 144A<sup>(B)</sup>  | 750000 | 758700 |
|  Titania RE Ltd. 07/09/2029 9.753% 144A<sup>(B)</sup>  | 500000 | 514400 |
|  Tomoni Re Pte. Ltd. 04/07/2026 <br>6.370% 144A<sup>(B)</sup>  | 250000 | 250025 |
|  Torrey Pines Re Ltd. 06/05/2026 <br>8.836% 144A<sup>(B)</sup>  | 250000 | 251175 |
|  Torrey Pines Re Ltd. 06/05/2026 <br>11.750% 144A<sup>(B)</sup>  | 250000 | 252200 |
|  Torrey Pines RE Ltd. 06/07/2028 <br>8.040% 144A<sup>(B)</sup>  | 750000 | 764175 |
|  Torrey Pines RE Ltd. 06/07/2028 <br>10.040% 144A<sup>(B)</sup>  | 500000 | 514025 |
|  Turris RE Ltd. 01/08/2029 5.930% 144A<sup>(B)</sup>  | 500000 | 501750 |
|  Ursa Re Ltd. 12/07/2026 9.010% 144A<sup>(B)</sup>  | 250000 | 253700 |
|  Ursa RE Ltd. 12/07/2026 12.260% 144A<sup>(B)</sup>  | 250000 | 256675 |
|  US Treasury 03/08/2028 7.003% 144A<sup>(B)</sup>  | 250000 | 252312 |
|  Veraison RE Ltd. 03/08/2028 <br>8.503% 144A<sup>(B)</sup>  | 500000 | 508700 |
|  Veraison RE Ltd. 03/08/2029 <br>6.403% 144A<sup>(B)</sup>  | 250000 | 250100 |
|  Windrose RE Ltd. 02/13/2029 <br>8.765% 144A<sup>(B)</sup>  | 250000 | 249275 |
|  Windrose RE Ltd. 02/13/2029 <br>11.670% 144A<sup>(B)</sup>  | 500000 | 502050 |
|  Winston Re Ltd. 02/21/2028 10.010% 144A<sup>(B)</sup>  | 1000000 | 1023200 |

---

**5**

QUARTERLY REPORT

**BROOKMONT CATASTROPHIC BOND ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal** | **Value** |
|  | Winston RE Ltd. 02/26/2027 <br>13.720% 144A<sup>(B)</sup>  | $250000 <br>| $259925 <br>|
|  | Winston RE Ltd. 02/26/2027 <br>15.200% 144A<sup>(B)</sup>  | 250000 | 260950 |
|  | Wrigley Re Ltd. 08/07/2026 9.730% 144A<sup>(B)</sup>  | 250000 | 253775 |
|  | Wrigley RE Ltd. 08/07/2026 <br>10.200% 144A<sup>(B)</sup>  | 750000 | 759188 |
|  | Yosemite RE Ltd. 06/07/2028 <br>10.753% 144A<sup>(B)</sup>  | 250000 | 262338 |
|  |  |  | 49926303 |
| &nbsp;&nbsp;&nbsp;&nbsp; **88.73%** | **TOTAL INSURANCE-LINKED SECURITIES**  | **TOTAL INSURANCE-LINKED SECURITIES**  | 49926303 |
|  | (Cost: $50,353,836) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **94.95%** | **TOTAL INVESTMENTS**  | **TOTAL INVESTMENTS**  | 53425954 |
|  | (Cost: $53,853,494) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **5.05%** | Other assets, net of liabilities  | Other assets, net of liabilities  | 2838658 |
| &nbsp;&nbsp;&nbsp;&nbsp; **100.00%** | **NET ASSETS**  | **NET ASSETS**  | **$** **56264612** <br>|

---

<sup>(A)</sup>Zero coupon security. The rate shown is the yield-to-maturity on the date of March 31, 2026.

<sup>(B)</sup>Issued in the United States by a foreign bank and denominated in USD.

144A Securities are exempt from the registration requirements for resales of restricted securities to qualified institutional buyers. The aggregate amount of these securities is $29,787,165 and is 85.38% of the Fund's net assets.

**6**

QUARTERLY REPORT

**BROOKMONT CATASTROPHIC BOND ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund's investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following summarizes the inputs used to value the Fund's investments as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  | **Quoted Prices** | **Other<br>Significant<br>Observable Inputs** | **Significant<br>Unobservable Inputs** | **Total** |
|  **Assets** |  |  |  |  |
|  Treasury Bills  | $— <br>| $3499651 <br>| $— <br>| $3499651 <br>|
|  Insurance-Linked  |  |  |  |  |
|  Securities  |  | 49926303 |  | 49926303 |
|  | $— <br>| $53425954 <br>| $— <br>| $53425954 <br>|

---

The cost of investments for Federal income tax purposes has been estimated a/o March 31, 2026 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $53,853,494, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
|  Gross unrealized appreciation  | $44597 <br>|
|  Gross unrealized depreciation  | (472137) |
|  Net unrealized appreciation  | $(427540 ) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Opportunities Trust

- **b. Investment Company Act file number:** 811-23439

- **c. CIK number of Registrant:** 0001771146

- **d. LEI of Registrant:** 549300FWST5041130Z58

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

  - **Street Address 1:** 8730 Stony Point Parkway

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

  - **Telephone number:** 804-267-7400

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

- **a. Name of Series:** Brookmont Catastrophic Bond ETF

- **b. EDGAR series identifier (if any):** S000088027

- **c. LEI of Series:** 254900HTY89LYC1NGU74

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $57952702.93

**Total Liabilities:** $1688090.81

**Net Assets:** $56264612.12

**Cash Not Reported:** $3957115.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254055 | 0.38%                | 0.32%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $373.20                  | $-135845.77                                |
| Month 2  | $0.00                    | $-168201.96                                |
| Month 3  | $-6761.40                | $-176491.82                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Veraison Re Ltd.                          | VERAISON RE LTD                        | CUSIP: 92335TAD1<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252312.50    | 0.45%             | 2033-03-08      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                        | FOUR LAKES RE LTD                      | CUSIP: 35087TAH1<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253562.50    | 0.45%             | 2028-01-07      | Variable      | 12.11%                | No            |                  2 | On Loan: No      |
| CITRUS RE LTD.                            | CITRUS RE LTD                          | CUSIP: 177510AM6<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253500.00    | 0.45%             | 2026-06-07      | Variable      | 12.78%                | No            |                  2 | On Loan: No      |
| Palm Re Ltd.                              | PALM RE LTD                            | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $515450.00    | 0.92%             | 2032-06-07      | Variable      | 11.67%                | No            |                  2 | On Loan: No      |
| Bonanza Re Ltd                            | BONANZA RE LTD                         | CUSIP: 09785EAR2<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $636375.00    | 1.13%             | 2027-01-08      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| URSA RE LTD.                              | URSA RE LTD                            | CUSIP: 90323WAP5<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253700.00    | 0.45%             | 2026-12-07      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| Marlon Ltd.                               | MARLON LTD                             | CUSIP: 571253AA1<br>LEI: 98450044CD0YE4DAFC06 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $261350.00    | 0.46%             | 2031-06-09      | Variable      | 11.26%                | No            |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                       | TORREY PINES RE LTD                    | CUSIP: 89141WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $764175.00    | 1.36%             | 2033-06-07      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Turris Re Ltd.                            | TURRIS RE LTD                          | CUSIP: 900442AA2<br>LEI: 254900AYLTVDMB8FO181 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $501750.00    | 0.89%             | 2029-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD.                             | ALAMO RE LTD                           | CUSIP: 011395AJ9<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253375.00    | 0.45%             | 2026-06-07      | Variable      | 12.23%                | No            |                  2 | On Loan: No      |
| LONDON BRIDGE 2 PCC LIMITED               | FUCHSIA 2023 1 LONDON BRIDGE 2 PCC LTD | CUSIP: 541917AA8<br>LEI: 549300TUFAUPZXE4UR14 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $257012.50    | 0.46%             | 2033-04-06      | Variable      | 8.90%                 | No            |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                        | FOUR LAKES RE LTD                      | CUSIP: 35087TAF5<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $756375.00    | 1.34%             | 2027-01-07      | Variable      | 13.27%                | No            |                  2 | On Loan: No      |
| Mayflower Re Ltd.                         | MAYFLOWER RE LTD                       | CUSIP: 57839MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253250.00    | 0.45%             | 2026-07-08      | Variable      | 9.98%                 | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                             | PURPLE RE LTD                          | CUSIP: 74639NAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $254125.00    | 0.45%             | 2026-06-05      | Floating      | 14.14%                | No            |                  2 | On Loan: No      |
| Ashera Re Ltd.                            | ASHERA RE                              | CUSIP: 04401RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $505850.00    | 0.90%             | 2031-04-08      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| TOMONI RE PTE. LTD.                       | TOMONI RE PTE LTD                      | CUSIP: 89009PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    250000 | PA      | $250025.00    | 0.44%             | 2026-04-07      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Veraison Re Ltd.                          | VERAISON RE LTD                        | CUSIP: 92335TAF6<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250100.00    | 0.44%             | 2029-03-08      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                        | BLUE RIDGE RE LTD                      | CUSIP: 096003AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252350.00    | 0.45%             | 2031-01-08      | Variable      | 8.86%                 | No            |                  2 | On Loan: No      |
| 2001 CAT Re, Ltd                          | 2001 CAT RE LTD                        | CUSIP: 90215BAB3<br>LEI: 5493007NG10QO60NSO35 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1783775.00   | 3.17%             | 2031-01-08      | Variable      | 16.77%                | No            |                  2 | On Loan: No      |
| HANDSHAKE RE LTD                          | HANDSHAKE RE LTD                       | CUSIP: 410290AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $248550.00    | 0.44%             | 2030-01-08      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Bayou Re Ltd.                             | BAYOU RE LTD                           | CUSIP: 07304LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253875.00    | 0.45%             | 2030-05-26      | Variable      | 15.89%                | No            |                  2 | On Loan: No      |
| Sanders Re III Ltd.                       | SANDERS RE III LTD                     | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1175000 | PA      | $1224115.00   | 2.18%             | 2028-04-07      | Variable      | 9.20%                 | No            |                  2 | On Loan: No      |
| Windrose Re Ltd.                          | WINDROSE RE LTD                        | CUSIP: 972917AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $502050.00    | 0.89%             | 2033-02-11      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| Veraison Re Ltd.                          | VERAISON RE LTD                        | CUSIP: 92335TAE9<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $508700.00    | 0.90%             | 2033-03-08      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                             | PURPLE RE LTD                          | CUSIP: 74639NAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250000.00    | 0.44%             | 2033-06-07      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Meadows Ltd.                              | MEADOWS LTD                            | CUSIP: 58320RAC5<br>LEI: 254900W9CHL6SO5U0P81 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $495275.00    | 0.88%             | 2029-12-07      | Variable      | 10.31%                | No            |                  2 | On Loan: No      |
| Maschpark Re Ltd.                         | MASCHPARK RE LTD                       | CUSIP: 574591AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1275625.00   | 2.27%             | 2028-07-10      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| Matterhorn Re Ltd                         | MATTERHORN RE LTD                      | CUSIP: 577092AZ2<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250387.50    | 0.45%             | 2028-09-22      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Charles River Re Ltd.                     | CHARLES RIVER RE LTD                   | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $257350.00    | 0.46%             | 2031-05-10      | Variable      | 11.14%                | No            |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                       | TORREY PINES RE LTD                    | CUSIP: 89141WAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252200.00    | 0.45%             | 2031-06-05      | Variable      | 11.72%                | No            |                  2 | On Loan: No      |
| Sanders Re II Ltd                         | SANDERS RE II LTD                      | CUSIP: 80001TAD9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $262575.00    | 0.47%             | 2033-04-07      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| 3264 Re Ltd.                              | 3264 RE LTD                            | CUSIP: 88577CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $523775.00    | 0.93%             | 2032-02-09      | Variable      | 24.06%                | No            |                  2 | On Loan: No      |
| WRIGLEY RE LTD                            | WRIGLEY RE LTD                         | CUSIP: 982533AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253775.00    | 0.45%             | 2026-08-07      | Floating      | 9.74%                 | No            |                  2 | On Loan: No      |
| PHOTON RE LTD                             | PHOTON RE LTD                          | CUSIP: 71937RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $249800.00    | 0.44%             | 2034-03-07      | Floating      | 11.56%                | No            |                  2 | On Loan: No      |
| NAKAMA RE LTD.                            | NAKAMA RE LTD                          | CUSIP: 62983QAP8<br>LEI: 2549003ZFVVVVKMRJ633 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $771225.00    | 1.37%             | 2028-05-09      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| CITRUS RE LTD.                            | CITRUS RE LTD                          | CUSIP: 177510AN4<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $258550.00    | 0.46%             | 2027-06-07      | Variable      | 13.27%                | No            |                  2 | On Loan: No      |
| Baldwin Re Ltd.                           | BALDWIN RE LTD                         | CUSIP: 05826BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $255987.50    | 0.45%             | 2027-07-07      | Variable      | 8.95%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD.                             | ALAMO RE LTD                           | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $254875.00    | 0.45%             | 2026-06-08      | Variable      | 14.93%                | No            |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                       | TORREY PINES RE LTD                    | CUSIP: 89141WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $514025.00    | 0.91%             | 2033-06-07      | Variable      | 8.95%                 | No            |                  2 | On Loan: No      |
| Windrose Re Ltd.                          | WINDROSE RE LTD                        | CUSIP: 972917AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $249275.00    | 0.44%             | 2033-02-11      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| ABACAB                                    | ABACAB                                 | CUSIP: 00258FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000000.00   | 1.78%             | 2199-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                       | TORREY PINES RE LTD                    | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251175.00    | 0.45%             | 2031-06-05      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| Black Kite Re Limited                     | BLACK KITE RE LTD                      | CUSIP: 092168AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |    500000 | PA      | $504325.00    | 0.90%             | 2033-05-06      | Variable      | 11.58%                | No            |                  2 | On Loan: No      |
| Puerto Rico Parametric Re Ltd.            | PUERTO RICO PARAMETRIC RE LTD          | CUSIP: 74528TAA2<br>LEI: 254900GJDFHQXGUCMO94 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $784987.50    | 1.40%             | 2027-06-07      | Variable      | 13.22%                | No            |                  2 | On Loan: No      |
| Winston Re Ltd.                           | WINSTON RE LTD                         | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1023200.00   | 1.82%             | 2028-02-21      | Variable      | 10.33%                | No            |                  2 | On Loan: No      |
| Kendall Re Ltd.                           | KENDALL RE LTD                         | CUSIP: 48878QAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $513500.00    | 0.91%             | 2031-04-30      | Variable      | 11.58%                | No            |                  2 | On Loan: No      |
| BAYOU RE LTD                              | BAYOU RE LTD                           | CUSIP: 07304LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $519500.00    | 0.92%             | 2031-04-30      | Floating      | 11.87%                | No            |                  2 | On Loan: No      |
| ATLAS CAPITAL DESIGNATED ACTIVITY COMPANY | ATLAS CAPITAL DAC                      | CUSIP: 049207AC7<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |    750000 | PA      | $771975.00    | 1.37%             | 2031-06-09      | Variable      | 10.92%                | No            |                  2 | On Loan: No      |
| Purple Re Ltd.                            | PURPLE RE LTD                          | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $257900.00    | 0.46%             | 2031-06-06      | Variable      | 12.62%                | No            |                  2 | On Loan: No      |
| Foundation Re IV Ltd.                     | FOUNDATION RE IV LTD                   | CUSIP: 349939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $766312.50    | 1.36%             | 2027-01-08      | Variable      | 10.19%                | No            |                  2 | On Loan: No      |
| Bluebonnet Re Ltd.                        | BLUEBONNET RE LTD                      | CUSIP: 09610NAA0<br>LEI: 2549007DQLA6K2ACFN15 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $257875.00    | 0.46%             | 2028-06-07      | Variable      | 9.02%                 | No            |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                        | FOUR LAKES RE LTD                      | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $767025.00    | 1.36%             | 2032-01-07      | Variable      | 8.63%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL REINSURANCE LIMITED           | RESIDENTIAL REINSURANCE 2025 LTD       | CUSIP: 76091JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $744937.50    | 1.32%             | 2029-12-06      | Floating      | 13.79%                | No            |                  2 | On Loan: No      |
| Herbie Re Ltd.                            | HERBIE RE LTD                          | CUSIP: 42703VAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1117050.00   | 1.99%             | 2031-06-06      | Variable      | 34.73%                | No            |                  2 | On Loan: No      |
| Gateway Re Ltd.                           | GATEWAY RE LTD                         | CUSIP: 36779CAN6<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $771487.50    | 1.37%             | 2027-07-07      | Variable      | 13.37%                | No            |                  2 | On Loan: No      |
| Sanders Re III Ltd.                       | SANDERS RE III LTD                     | CUSIP: 80001QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $255612.50    | 0.45%             | 2027-04-07      | Variable      | 9.11%                 | No            |                  2 | On Loan: No      |
| Winston Re Ltd.                           | WINSTON RE LTD                         | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $259925.00    | 0.46%             | 2031-02-26      | Variable      | 14.27%                | No            |                  2 | On Loan: No      |
| FISH POND RE LTD                          | FISH POND RE LTD                       | CUSIP: 33774EAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    250000 | PA      | $253625.00    | 0.45%             | 2027-01-08      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| FloodSmart Re Ltd                         | FLOODSMART RE LTD                      | CUSIP: 33975CAQ8<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251225.00    | 0.45%             | 2031-03-11      | Variable      | 21.10%                | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                       | CAPE LOOKOUT RE LTD                    | CUSIP: 13947LAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $500000.00    | 0.89%             | 2033-03-21      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| Bonanza Re Ltd                            | BONANZA RE LTD                         | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $505350.00    | 0.90%             | 2027-12-19      | Variable      | 9.29%                 | No            |                  2 | On Loan: No      |
| Armor Re II Ltd.                          | ARMOR RE II LTD                        | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1060300.00   | 1.88%             | 2032-01-07      | Variable      | 12.36%                | No            |                  2 | On Loan: No      |
| Palm Re Ltd.                              | PALM RE LTD                            | CUSIP: 69664FAA6<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $523300.00    | 0.93%             | 2031-06-09      | Variable      | 13.49%                | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD.                     | EVERGLADES RE II LTD                   | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1266875.00   | 2.25%             | 2031-05-13      | Variable      | 13.63%                | No            |                  2 | On Loan: No      |
| MATTERHORN RE LTD                         | MATTERHORN RE LTD                      | CUSIP: 577092BC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $497350.00    | 0.88%             | 2029-02-16      | Floating      | 15.31%                | No            |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                        | BLUE RIDGE RE LTD                      | CUSIP: 096003AF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $741337.50    | 1.32%             | 2029-01-08      | Variable      | 11.29%                | No            |                  2 | On Loan: No      |
| BRIDGE STREET RE LTD                      | BRIDGE STREET RE LTD                   | CUSIP: 10807LAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251725.00    | 0.45%             | 2032-01-07      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| COMMONWEALTH RE LTD                       | COMMONWEALTH RE LTD                    | CUSIP: 203235AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251650.00    | 0.45%             | 2030-07-08      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| FloodSmart Re Ltd                         | FLOODSMART RE LTD                      | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1310312.50   | 2.33%             | 2031-03-11      | Variable      | 17.83%                | No            |                  2 | On Loan: No      |
| NAKAMA RE PTE. LTD.                       | NAKAMA RE PTE LTD                      | CUSIP: 62984JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    250000 | PA      | $251737.50    | 0.45%             | 2032-04-05      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                      | INTEGRITY RE III LTD                   | CUSIP: 45870GAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1250000.00   | 2.22%             | 2029-06-07      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                        | BLUE RIDGE RE LTD                      | CUSIP: 096003AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $247287.50    | 0.44%             | 2029-01-08      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Winston Re Ltd.                           | WINSTON RE LTD                         | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $260950.00    | 0.46%             | 2031-02-26      | Variable      | 15.57%                | No            |                  2 | On Loan: No      |
| URSA RE LTD.                              | URSA RE LTD                            | CUSIP: 90323WAQ3<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $256675.00    | 0.46%             | 2026-12-07      | Variable      | 12.38%                | No            |                  2 | On Loan: No      |
| SABINE RE LTD                             | SABINE RE LTD                          | CUSIP: 785628AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $500000.00    | 0.89%             | 2034-04-07      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| Hestia Re Ltd.                            | HESTIA RE LTD                          | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $508000.00    | 0.90%             | 2032-03-13      | Variable      | 9.49%                 | No            |                  2 | On Loan: No      |
| Sutter Re Ltd.                            | SUTTER RE LTD                          | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252175.00    | 0.45%             | 2030-06-07      | Variable      | 10.74%                | No            |                  2 | On Loan: No      |
| ARAGONITE RE LTD                          | ARAGONITE RE LTD                       | CUSIP: 03851YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1021600.00   | 1.82%             | 2031-04-07      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                         | FOUR LAKES RE LTD                      | CUSIP: 35087TAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $248112.50    | 0.44%             | 2033-01-10      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| TITANIA RE LTD                            | TITANIA RE LTD                         | CUSIP: 888329AG4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $514400.00    | 0.91%             | 2029-07-09      | Floating      | 9.79%                 | No            |                  2 | On Loan: No      |
| Yosemite Re Ltd.                          | YOSEMITE RE LTD                        | CUSIP: 98740RAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $262337.50    | 0.47%             | 2032-06-07      | Variable      | 10.65%                | No            |                  2 | On Loan: No      |
| Wrigley Re Ltd.                           | WRIGLEY RE LTD                         | CUSIP: 982533AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $759187.50    | 1.35%             | 2027-08-07      | Variable      | 10.47%                | No            |                  2 | On Loan: No      |
| CITRUS RE LTD                             | CITRUS RE LTD                          | CUSIP: 177510AT1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $500000.00    | 0.89%             | 2033-06-07      | Floating      | 9.91%                 | No            |                  2 | On Loan: No      |
| ACORN RE LTD.                             | ACORN RE LTD                           | CUSIP: 00485YAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253350.00    | 0.45%             | 2026-11-06      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| Lightning Re Ltd.                         | LIGHTNING RE SERIES 2023 1             | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250000.00    | 0.44%             | 2030-03-31      | Variable      | 14.69%                | No            |                  2 | On Loan: No      |
| MONA LISA RE LTD                          | MONA LISA RE LTD                       | CUSIP: 608800AL2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251050.00    | 0.45%             | 2035-01-08      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| United States of America                  | UNITED STATES TREASURY BILL            | CUSIP: 912797SD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3499651.44   | 6.22%             | 2026-04-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain Re Ltd.                          | MOUNTAIN RE LTD                        | CUSIP: 62426LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252625.00    | 0.45%             | 2030-06-05      | Variable      | 10.24%                | No            |                  2 | On Loan: No      |
| Logistics Re Ltd.                         | LOGISTICS RE LTD                       | CUSIP: 54143LAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $255125.00    | 0.45%             | 2027-12-21      | Variable      | 9.32%                 | No            |                  2 | On Loan: No      |
| Sutter Re Ltd.                            | SUTTER RE LTD                          | CUSIP: 86944RAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $758700.00    | 1.35%             | 2030-06-07      | Variable      | 13.45%                | No            |                  2 | On Loan: No      |
| Meadows Ltd.                              | MEADOWS LTD                            | CUSIP: 58320RAA9<br>LEI: 254900W9CHL6SO5U0P81 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $243362.50    | 0.43%             | 2029-12-07      | Variable      | 14.66%                | No            |                  2 | On Loan: No      |
| Integrity Re III Ltd.                     | INTEGRITY RE III LTD                   | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1648350.00   | 2.93%             | 2027-06-06      | Variable      | 28.06%                | No            |                  2 | On Loan: No      |
| Montoya Re Ltd.                           | MONTOYA RE LTD                         | CUSIP: 613752AE4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $764212.50    | 1.36%             | 2028-04-07      | Variable      | 9.87%                 | No            |                  2 | On Loan: No      |
| Cape Lookout Re Ltd.                      | CAPE LOOKOUT RE LTD                    | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $782925.00    | 1.39%             | 2032-03-13      | Variable      | 9.75%                 | No            |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited      | RESIDENTIAL REINSURANCE 2023 LTD       | CUSIP: 76090WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    250000 | PA      | $260450.00    | 0.46%             | 2030-12-06      | Variable      | 9.42%                 | No            |                  2 | On Loan: No      |
| PHOTON RE LTD                             | PHOTON RE LTD                          | CUSIP: 71937RAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $249625.00    | 0.44%             | 2034-03-07      | Floating      | 12.31%                | No            |                  2 | On Loan: No      |
| FUCHSIA 2023 1 LONDON BRIDGE 2 PCC LTD    | FUCHSIA 2023 1 LONDON BRIDGE 2 PCC LTD | CUSIP: 54180TAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $774900.00    | 1.38%             | 2032-04-06      | Floating      | 13.83%                | No            |                  2 | On Loan: No      |
| MATTERHORN RE LTD                         | MATTERHORN RE LTD                      | CUSIP: 577092AX7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $498925.00    | 0.89%             | 2032-02-04      | Floating      | 15.95%                | No            |                  2 | On Loan: No      |
| Golden Bear Re Ltd.                       | GOLDEN BEAR RE LTD SERIES 2026 1       | CUSIP: 38090EAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250000.00    | 0.44%             | 2032-03-08      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** ETF Opportunities Trust

**Signature:** Karen Shupe

**Name of Signer:** Karen Shupe

**Title:** Treasurer