# EDGAR Filing Document

**Accession Number:** 0001722837
**File Stem:** 0001752724-25-212802
**Filing Date:** 2025-8
**Character Count:** 74270
**Document Hash:** 5c373a1a4a0ca741eb041eb571e1bf1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212802.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212802

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlueBay Destra International Event-Driven Credit Fund
- **CENTRAL INDEX KEY:** 0001722837

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23309
- **FILM NUMBER:** 251279810

**BUSINESS ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715
- **BUSINESS PHONE:** 877-855-3434

**MAIL ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Destra International & Event-Driven Credit Fund
- **DATE OF NAME CHANGE:** 20171115

## Nport-Ex

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (unaudited)** |
| **As of June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **BANK LOANS – 51.2%** |  |
|  | **BAHAMAS – 2.0%** |  |
| 5400001 | Government of Bahamas, 8.425%, 09/08/2026<sup>(1),(2),(3)</sup> | $6750001 |
|  | **FRANCE – 3.5%** |  |
|  | Atos S.E.: |  |
| 8000000 | &nbsp;&nbsp;&nbsp;0.000%, 12/18/2029<sup>(4),(5),(7)</sup> | 8357788 |
| 3250000 | &nbsp;&nbsp;&nbsp;7.078%, (3-Month Euribor + 260 basis points), 12/17/2030<sup>(4),(5)</sup> | 3079031 |
| 1084444 | &nbsp;&nbsp;&nbsp;1.000%, (3-Month Euribor + 100 basis points), 12/17/2032<sup>(4),(5)</sup> | 547378 |
|  |  | **11984197** |
|  | **GERMANY – 17.1%** |  |
| $3691113 | Arvos BidCo Sarl, 10.014%, 08/30/2027<sup>(4)</sup> | 2959811 |
|  | BOS GmbH & Co KG: |  |
| 2428571 | &nbsp;&nbsp;&nbsp;0.000%, 12/31/2049<sup>(1),(3),(5)</sup> | 2565693 |
| 1303610 | &nbsp;&nbsp;&nbsp;0.000%, 12/31/2049<sup>(1),(3),(5)</sup> | 1377214 |
|  | IFA Holding GmbH TL: |  |
| 401087 | &nbsp;&nbsp;&nbsp;7.954%, 03/31/2026<sup>(1),(3),(5)</sup> | 423733 |
| 1368010 | &nbsp;&nbsp;&nbsp;8.355%, 03/31/2026<sup>(1),(3),(5)</sup> | 1445250 |
| 1237723 | &nbsp;&nbsp;&nbsp;8.355%, 03/31/2026<sup>(1),(3),(5)</sup> | 1307607 |
| 387717 | &nbsp;&nbsp;&nbsp;0.000%, 03/31/2029<sup>(1),(3),(5)</sup> | 45512 |
| 17726631 | Leoni Bordnetz-Systeme GmbH, 5.927%, 12/31/2026<sup>(1),(3),(5),(7)</sup> | 18727513 |
|  | Standard Profil Automotive GmbH: |  |
| 5512679 | &nbsp;&nbsp;&nbsp;15.000%, 09/30/2025<sup>(1),(3),(5)</sup> | 6471040 |
| 1414670 | &nbsp;&nbsp;&nbsp;15.000%, 09/30/2025<sup>(1),(3),(5)</sup> | 1660606 |
| 5527146 | &nbsp;&nbsp;&nbsp;15.000%, 12/31/2025<sup>(1),(3),(5)</sup> | 6488022 |
|  | Varta AG: |  |
| 5058300 | &nbsp;&nbsp;&nbsp;5.497%, 12/31/2027<sup>(1),(3),(5),(7)</sup> | 4512628 |
| 401849 | &nbsp;&nbsp;&nbsp;5.497%, 12/31/2027<sup>(1),(3),(5),(7)</sup> | 353782 |
| 431808 | &nbsp;&nbsp;&nbsp;5.497%, 12/31/2027<sup>(1),(3),(5),(7)</sup> | 215422 |
| 3944349 | &nbsp;&nbsp;&nbsp;9.747%, 12/31/2027<sup>(1),(3),(5),(7)</sup> | 3426245 |
| 4472751 | &nbsp;&nbsp;&nbsp;11.747%, 12/31/2027<sup>(1),(3),(5),(7)</sup> | 5315952 |
| 899439 | Varta Consumer Batteries GmbH, 11.747%, 12/31/2027<sup>(1),(3),(5),(7)</sup> | 1069001 |
|  |  | **58365031** |
|  | **JERSEY – 0.7%** |  |
| $13626756 | Petrofac Ltd., 14.812%, 10/28/2026<sup>(4)</sup> | 2384683 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **BANK LOANS (continued)** |  |
|  | **LUXEMBOURG – 9.7%** |  |
| 10340973 | Arvos BidCo Sarl, 7.511%, 08/30/2027<sup>(5)</sup> | $9710973 |
|  | Arvos Holdco SARL: |  |
| 790298 | &nbsp;&nbsp;&nbsp;0.500%, 11/29/2027<sup>(4),(5)</sup> | 204092 |
| $650621 | &nbsp;&nbsp;&nbsp;0.500%, 11/29/2027<sup>(4)</sup> | 143137 |
| 8869155 | Foundever Group SA, 5.760%, (1-Month Euribor + 375 basis points), 08/28/2028<sup>(4),(5)</sup> | 5889310 |
| 7007799 | Takko Luxembourg TL,15.000%, 12/09/2026<sup>(1),(3),(5),(8)</sup> | 17069120 |
|  |  | **33016632** |
|  | **NETHERLANDS – 11.3%** |  |
| 5000000 | Accell Group Holding B.V., 7.000%, 06/30/2031<sup>(4),(5)</sup> | 3521540 |
|  | Compact Bidco BV: |  |
| 3928389 | &nbsp;&nbsp;&nbsp;12.000%, 06/30/2029<sup>(1),(3),(5)</sup> | 4611326 |
| 15909210 | &nbsp;&nbsp;&nbsp;12.000%, 11/25/2029<sup>(1),(3),(5)</sup> | 18324818 |
|  | Sprint Bidco BV: |  |
| 7359703 | &nbsp;&nbsp;&nbsp;0.000%, 06/30/2029<sup>(4),(5),(7)</sup> | 302371 |
| 7700414 | &nbsp;&nbsp;&nbsp;0.500%, 05/31/2030<sup>(4),(5),(7)</sup> | 3954609 |
| 7307520 | &nbsp;&nbsp;&nbsp;0.500%, 05/31/2030<sup>(4),(5),(7)</sup> | 7119664 |
| 4391647 | &nbsp;&nbsp;&nbsp;0.000%, 06/30/2031<sup>(4),(5),(7)</sup> | 489736 |
| 5128241 | &nbsp;&nbsp;&nbsp;0.000%, 06/30/2031<sup>(4),(5),(7)</sup> | 331087 |
|  |  | **38655151** |
|  | **NORWAY – 4.1%** |  |
| 7039888 | Hurtigruten Newco AS, 12.145%, 02/23/2029<sup>(4),(5)</sup> | 1 |
|  | Prosafe SE: |  |
| $20449425 | &nbsp;&nbsp;&nbsp;6.931%, (SOFR + 250 basis points), 12/17/2025<sup>(4)</sup> | 11758419 |
| $3773591 | &nbsp;&nbsp;&nbsp;7.057%, (SOFR + 250 basis points), 12/17/2025<sup>(4)</sup> | 2169815 |
|  |  | **13928235** |
|  | **SAUDI ARABIA – 0.2%** |  |
|  | Ahmad Hamad AI Gosaibi & Brothers TL: |  |
| $3047652 | &nbsp;&nbsp;&nbsp;0.000%, 01/01/2050<sup>(1),(3),(7)</sup> | 156192 |
| 3240000 | &nbsp;&nbsp;&nbsp;0.000%, 01/01/2050<sup>(1),(3),(5),(7)</sup> | 194917 |
| 8400000 | &nbsp;&nbsp;&nbsp;0.000%, 01/01/2050<sup>(1),(3),(5),(7)</sup> | 505341 |
|  |  | **856450** |

---

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (continued) (unaudited)** |
| **As of June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **BANK LOANS (continued)** |  |
|  | **UNITED KINGDOM – 1.4%** |  |
|  | Praesidiad, Ltd.: |  |
| 302972 | &nbsp;&nbsp;&nbsp;10.598%, 06/30/2026<sup>(1),(3),(5)</sup> | $302296 |
| 302972 | &nbsp;&nbsp;&nbsp;10.598%, 06/30/2026<sup>(1),(3),(5)</sup> | 302296 |
| 607971 | &nbsp;&nbsp;&nbsp;10.598%, 06/30/2026<sup>(1),(3),(5)</sup> | 717233 |
| 94250 | &nbsp;&nbsp;&nbsp;0.000%, 09/30/2027<sup>(1),(3),(4),(5)</sup> | 94040 |
| 6998095 | &nbsp;&nbsp;&nbsp;0.250%, 09/30/2027<sup>(1),(3),(5)</sup> | 147864 |
| 381714 | &nbsp;&nbsp;&nbsp;8.000%, 09/30/2027<sup>(1),(3),(4),(5)</sup> | 380862 |
| 2944773 | &nbsp;&nbsp;&nbsp;9.598%, 12/31/2027<sup>(1),(3),(5)</sup> | 2782653 |
|  |  | **4727244** |
|  | **UNITED STATES – 1.2%** |  |
| $7369302 | Sitel Worldwide Corp., 8.191%, (3-Month Term SOFR + 401 basis points), 08/28/2028<sup>(4)</sup> | 4078835 |
|  | **TOTAL BANK LOANS**<br> (Cost $172,891,907) | **174746459** |
|  | **CORPORATE DEBT SECURITIES – 8.9%** |  |
|  | **BERMUDA – 2.8%** |  |
| $9635134 | Ventura Offshore Midco, Ltd., 10.000%, 04/19/2027<sup>(3)</sup> | 9692352 |
|  | **GERMANY – 1.2%** |  |
| 3500000 | BOS GmbH & Co. KG, 11.031%, (3-Month Euribor + 900 basis points), 06/25/2029<sup>(1),(3),(4),(5)</sup> | 4045981 |
|  | **MALTA – 0.7%** |  |
| $3000000 | Cruise Yacht Upper HoldCo, Ltd., 11.875%, 07/05/2028 | 2543110 |
|  | **NORWAY – 2.1%** |  |
| 40611186 | Lime Petroleum, 13.860%,(3-Month Norwegian Interbank + 925 basis points), 07/19/2027<sup>(4),(6),(9)</sup> | 4036520 |
| $3000000 | Moreld AS, 9.875%, 02/11/2030<sup>(1),(3)</sup> | 2951750 |
|  |  | **6988270** |
|  | **UNITED KINGDOM – 2.1%** |  |
| $7000000 | Galileo Global Technologies Ltd, 13.750%, 03/04/2028<sup>(1),(3)</sup> | 7052814 |
|  | **UNITED STATES – 0.0%** |  |
| $98705 | Voyager Aviation Holdings, LLC, 8.500%, 05/09/2026<sup>(1),(9),(11)</sup> |  |
|  | **TOTAL CORPORATE DEBT SECURITIES**<br> (Cost $30,525,322) | **30322527** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **INTERNATIONAL DEBT SECURITIES – 17.3%** |  |
|  | **BERMUDA – 4.0%** |  |
| $16625000 | Floatel International, Ltd., 9.750%, 04/10/2029 | $13880921 |
|  | **FRANCE – 1.2%** |  |
| 8088000 | Atos S.E., 1.000%, 12/18/2032<sup>(5)</sup> | 4070937 |
|  | **GERMANY – 3.6%** |  |
| 25864000 | Standard Profil Automotive GmbH, 6.250%, 04/30/2026<sup>(5)</sup> | 12144116 |
|  | **JERSEY – 0.2%** |  |
| $3870000 | Petrofac Ltd., 9.750%, 11/15/2026<sup>(11)</sup> | 619200 |
|  | **LUXEMBOURG – 2.4%** |  |
| 3749462 | Ferralum Metals Group SA, 10.000%, 12/30/2026<sup>(5)</sup> | 1298382 |
|  | HSE Finance Sarl: |  |
| 4116000 | &nbsp;&nbsp;&nbsp;5.625%, 10/15/2026<sup>(5)</sup> | 2464070 |
| 559000 | &nbsp;&nbsp;&nbsp;7.893%, (3-Month Euribor + 575 basis points), 10/15/2026<sup>(4),(5)</sup> | 349433 |
|  | NCO Invest SA: |  |
| 10536245 | &nbsp;&nbsp;&nbsp;10.000%, 12/30/2026<sup>(5),(10)</sup> | 4329 |
| 3890045 | &nbsp;&nbsp;&nbsp;10.000%, 12/30/2026<sup>(5),(10)</sup> | 68495 |
|  | Paper Industries Intermediate Financing Sarl: |  |
| 252568 | &nbsp;&nbsp;&nbsp;9.996%, (3-Month Euribor + 800 basis points), 03/01/2028<sup>(1),(4),(5),(9)</sup> | 271276 |
| 7399085 | &nbsp;&nbsp;&nbsp;8.496%, (3-Month Euribor + 650 basis points), 09/01/2028<sup>(4),(5),(8)</sup> | 3387303 |
| 668890 | &nbsp;&nbsp;&nbsp;8.496%, (3-Month Euribor + 650 basis points), 09/01/2028<sup>(4),(5),(8),(9)</sup> | 306218 |
|  |  | **8149506** |
|  | **NORWAY – 0.1%** |  |
| 348718 | OCV Recovery AS, 2.000%, 12/31/2026<sup>(6),(8),(9)</sup> | 241215 |
|  | **SWEDEN – 3.0%** |  |
| 11085000 | Transcom Holding AB, 7.225%, (3-Month Euribor + 525 basis points), 12/15/2026<sup>(4),(5)</sup> | 10409070 |

---

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (continued) (unaudited)** |
| **As of June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **INTERNATIONAL DEBT SECURITIES (continued)** |  |
|  | **UNITED KINGDOM – 2.8%** |  |
|  | Frigo Debtco PLC: |  |
| 10471446 | &nbsp;&nbsp;&nbsp;11.000%, 04/27/2028<sup>(8)</sup> | $2888590 |
| 1911313 | &nbsp;&nbsp;&nbsp;11.000%, 04/27/2028<sup>(8),(9)</sup> | 1828525 |
| 3674338 | &nbsp;&nbsp;&nbsp;12.000%, 04/27/2028<sup>(8)</sup> | 3515184 |
| 7510000 | House of Fraser Funding PLC, 6.650%, (3-Month GBP Libor + 575 basis points), 07/17/2025<sup>(1),(3),(4),(10),(11)</sup> | 10600 |
| 1153513 | Mcom Investments, Ltd., 20.000%, 09/30/2026<sup>(8)</sup> | 1238936 |
|  |  | **9481835** |
|  | **TOTAL INTERNATIONAL DEBT SECURITIES**<br> (Cost $72,100,850) | **58996800** |
|  | **INTERNATIONAL EQUITIES – 16.9%** |  |
|  | **BERMUDA – 3.1%** |  |
| 869788 | Odfjell Drilling, Ltd. | 5732864 |
| 2802769 | Ventura Offshore Holding, Ltd. | 4791437 |
|  |  | **10524301** |
|  | **FRANCE – 0.5%** |  |
| 42590 | Atos S.E.<sup>(10)</sup> | 1614061 |
|  | **LUXEMBOURG – 3.6%** |  |
| 27661445 | Constellation Oil Services Holding SA<sup>(10)</sup> | 12300414 |
|  | **NORWAY – 6.0%** |  |
| 1077964 | DOF Group ASA<sup>(3),(10)</sup> | 9469747 |
| 9760901 | Jacktel AS<sup>(1),(3),(10)</sup> | 2893634 |
| 5589340 | Moreld AS<sup>(10)</sup> | 8262748 |
|  |  | **20626129** |
|  | **UNITED KINGDOM – 3.7%** |  |
| 6052454 | Gym Group PLC<sup>(3),(10)</sup> | 12606860 |
|  | **TOTAL INTERNATIONAL EQUITIES**<br> (Cost $46,204,212) | **57671765** |
|  | **PRIVATE COMPANIES – 1.0%** |  |
|  | **AUSTRALIA – 0.0%** |  |
| 65000 | Quintis Australia Pty, Ltd., Common Shares<sup>(1),(3)</sup> |  |
|  | Quintis Australia Pty, Ltd., Corporate Debt: |  |
| $8538 | &nbsp;&nbsp;&nbsp;7.500%, 10/01/2026<sup>(1),(8),(9)</sup> | 922 |
| $117000 | &nbsp;&nbsp;&nbsp;12.000%, 10/01/2028<sup>(1),(8),(9)</sup> |  |
|  |  | **922** |
|  | **BERMUDA – 0.1%** |  |
| 439483 | FLOATEL INT LTD<sup>(1),(3),(10)</sup> | 477713 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **PRIVATE COMPANIES (continued)** |  |
|  | **GERMANY – 0.2%** |  |
| 1953515 | Johanna 405 Vermögensverwaltungs GmbH<sup>(1),(3),(10)</sup> | $412763 |
| 2864834 | Johanna 410 Vermögensverwaltungs GmbH<sup>(1),(3),(10)</sup> | 353102 |
|  |  | **765865** |
|  | **LUXEMBOURG – 0.1%** |  |
| 3500 | Avation PLC, Warrants, 11/01/2026<sup>(10)</sup> | 1918 |
| 331734 | Bond HoldCo SA, Class A Shares<sup>(1),(3)</sup> | 4 |
| 29130535 | Paper Industries TopCo, Ltd., Common Shares<sup>(1),(3)</sup> | 256461 |
| 20773 | Paper Industries TopCo, Ltd., Warrants, 07/18/2025<sup>(1),(3)</sup> | 183 |
| 1642591 | Takko, A Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, B Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, C Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, D Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, E Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, F Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, G Shares<sup>(1),(3),(10)</sup> | 19 |
| 1642591 | Takko, H Shares<sup>(1),(3),(10)</sup> | 20 |
| 1642591 | Takko, I Shares<sup>(1),(3),(10)</sup> | 20 |
| 1642591 | Takko, J Shares<sup>(1),(3),(10)</sup> | 20 |
|  |  | **258759** |
|  | **NETHERLANDS – 0.6%** |  |
| 650714 | Compact Bidco BV, Common Shares<sup>(1),(3)</sup> | 1909597 |
| 1540083 | Sprint Intermediate Co B.V., Class B<sup>(1),(3)</sup> | 8470 |
| 548561 | Sprint Intermediate Co B.V., Class C<sup>(1),(3)</sup> | 3017 |
|  |  | **1921084** |
|  | **UNITED KINGDOM – 0.0%** |  |
| 5956 | Frigo Debtco PLC, Common Shares<sup>(1),(3)</sup> | 13983 |
| 9570 | Frigo Newco 1 Ltd., Common Shares<sup>(1),(3)</sup> | 22467 |
| 234 | Praesidiad, Ltd., Common Shares<sup>(1),(3)</sup> |  |
|  |  | **36450** |
|  | **TOTAL PRIVATE COMPANIES**<br> (Cost $1,402,142) | **3460793** |

---

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (continued) (unaudited)** |
| **As of June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount or<br> Contracts** | **Description** | **Value** |
| | **PURCHASED OPTIONS CONTRACTS – 1.8%** | |
| | **PUT OPTIONS – 1.8%** | |
| 4570 | EURO STOXX 50 Index<sup>(10)</sup> <br> Broker: Citigroup<br> Expiration Date: 6/19/2026<br> Exercise Price: $4,500 <br> Notional Value: $205,650,000 | $6163787 |
|  | **TOTAL PURCHASED OPTIONS CONTRACTS<br> (Cost $7,232,131)** | **6163787** |
|  | **SHORT-TERM INVESTMENTS – 2.3%** |  |
|  | **UNITED STATES – 2.3%** |  |
| $8012041 | BlackRock Liquidity Funds FedFund Portfolio – Institutional Class, 4.223%<sup>(12)</sup> | 8012041 |
|  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost $8,012,041) | **8012041** |
|  | **TOTAL INVESTMENTS – 99.4%**<br> (Cost $338,368,885) | $**339374172** |
|  | Other Assets in Excess of Liabilities – 0.6% | 1935988 |
|  | **TOTAL NET ASSETS – 100.0%** | $**341310160** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount or<br> Contracts** | **Description** | **Value** |
|  | **WRITTEN OPTIONS CONTRACT – (1.0)%** |  |
|  | **PUT OPTIONS – (1.0)%** | |
| (4570) | EURO STOXX 50 Index<sup>(10)</sup> <br> Broker: Citigroup <br> Expiration Date: 6/19/2026 <br> Exercise Price: $4,000 <br> Notional Value: $182,800,000 | $(3358164) |
|  | **TOTAL WRITTEN OPTIONS CONTRACT** <br> (Proceeds $3,970,319) | $**(3358164)** |

---

<sup>(1)</sup> Fair valued using significant unobservable inputs.

<sup>(2)</sup> Principal amount shown in Swiss Franc; value shown in U.S. Dollars.

<sup>(3)</sup> Restricted investment as to resale.

<sup>(4)</sup> Floating rate security. Rate as of June 30, 2025 is disclosed.

<sup>(5)</sup> Principal amount shown in Euro; value shown in U.S. Dollars.

<sup>(6)</sup> Principal amount shown in Norwegian Krone; value shown in U.S. Dollars.

<sup>(7)</sup> Investment made through a participation in a settlement claim.

<sup>(8)</sup> Payment-in-kind interest is generally paid by issuing additional par/shares of the security rather than paying cash.

<sup>(9)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. These securities have been determined to be liquid under guidelines established by management. At June 30, 2025, the total value of these securities is $6,684,676, representing 2.0% of net assets.

<sup>(10)</sup> Non-income producing security.

<sup>(11)</sup> Security is in default.

<sup>(12)</sup> The rate is the annualized seven-day yield as of June 30, 2025.

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (continued) (unaudited)** |
| **As of June 30, 2025** |

---

At June 30, 2025, the BlueBay Destra International Event-Driven Credit Fund had outstanding forward foreign exchange contracts as set forth below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Sold** | **Settlement Date** | **Counterparty** | **Local<br> Currency** | **U.S. Dollar<br> Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| British Pound | U.S. Dollar | 9/17/2025 | Citibank | 1070000.00 | $1467009 | $430 |
| Euro Currency | U.S. Dollar | 9/17/2025 | Citibank | 15812926.00 | 18658886 | 191855 |
| Japanese Yen | U.S. Dollar | 9/17/2025 | Citibank | 1413524984.00 | 9872757 | (29233) |
| Norwegian Krone | U.S. Dollar | 9/17/2025 | Citibank | 11324508.00 | 1119596 | (8082) |
|  |  |  |  |  | $31118248 | $154970 |
| U.S. Dollar | British Pound | 9/17/2025 | Citibank | 11476049.00 | $15734086 | $(193203) |
| U.S. Dollar | Euro Currency | 9/17/2025 | Citibank | 164081735.00 | 193612658 | (3553591) |
| U.S. Dollar | Norwegian Krone | 9/17/2025 | Citibank | 498229966.00 | 49257443 | 764329 |
| U.S. Dollar | Swiss Franc | 9/17/2025 | Citibank | 5305742.00 | 6731377 | (126658) |
|  |  |  |  |  | $265335564 | $(3109123) |
| **Total** |  |  |  |  |  | $(2954153) |

---

At June 30, 2025, the BlueBay Destra International Event-Driven Credit Fund had open swap contracts as set forth below:

**Centrally Cleared Credit Default Swap Contracts:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying Instrument** | **Counterparty** | **Pay Rate/<br> Frequency** | **Maturity<br> Date** | **Notional<br> Amount at<br> Value<sup>(1)</sup>** | **Notional<br> Amount at<br> Value<sup>(1)</sup>** | **Premium<br> (Paid)<br> Received** | **Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Markit iTraxx Europe Crossover Index Swap<sup>(2)</sup> | Morgan Stanley | 5.000%/Quarterly | 6/20/2030 | EUR | 44240000 | 2656817 | (4914249) | $(2257432) |

---

<sup>(1)</sup> The maximum potential amount the Fund may pay or receive should a credit event take place as defined under the terms of the contract.

<sup>(2)</sup> The underlying issuer is ITRX XOVER CDSI S43 5Y Corp.

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (continued) (unaudited)** |
| **As of June 30, 2025** |

---

Restricted securities are securities that may be resold only upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer's expense either upon demand by the Fund or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid under criteria established by the Board. The restricted securities may be valued at the price provided by dealers in the secondary market or, if no market prices are available, the fair value as determined in good faith using methods approved by the Board.

Additional information on each restricted investment held by the Fund at June 30, 2025 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Acquisition<br> Date** | **Cost** | **Value** | **% of<br> Net Assets** |
| Ahmad Hamad AI Gosaibi & Brothers TL, 0.000% | 10/28/2021 | $540958 | $156192 | —% |
| Ahmad Hamad AI Gosaibi & Brothers TL, 0.000% | 2/11/2022 | 600411 | 194917 | 0.1 |
| Ahmad Hamad AI Gosaibi & Brothers TL, 0.000% | 9/27/2022 | 1454685 | 505341 | 0.1 |
| Bond HoldCo SA, Class A Shares | 5/31/2024 | 3601 | 4 |  |
| BOS GmbH & Co. KG, 11.031% | 6/11/2025 | 3938763 | 4045981 | 1.2 |
| BOS GmbH & Co. KG, 0.000% | 3/27/2025 | 1752289 | 2565693 | 0.8 |
| BOS GmbH & Co. KG, 0.000% | 3/27/2025 | 940595 | 1377214 | 0.4 |
| Compact Bidco BV, Common Shares | 11/28/2024 |  | 1909597 | 0.6 |
| Compact Bidco BV, 12.000% | 11/25/2024 | 16780147 | 18324818 | 5.4 |
| Compact Bidco BV, 12.000% | 3/28/2025 | 4258787 | 4611326 | 1.4 |
| DOF Group ASA | 3/14/2023 | 5580328 | 9469747 | 2.8 |
| FLOATEL INT LTD | 10/03/2024 | 422667 | 477713 | 0.1 |
| Frigo Debtco PLC, Common Shares | 2/21/2023 |  | 13983 |  |
| Frigo Newco 1 Ltd., Common Shares | 10/30/2023 | 224493 | 22467 |  |
| Galileo Global Technologies Ltd, 13.750% | 2/14/2025 | 7000000 | 7052814 | 2.1 |
| Government of Bahamas, 8.425% | 7/30/2024 | 6042019 | 6750001 | 2.0 |
| Gym Group PLC | 3/17/2023 | 9263394 | 12606860 | 3.7 |
| House of Fraser Funding PLC, 6.650% | 3/27/2019 | 71368 | 10600 |  |
| IFA Holding GmbH TL, 0.000% | 8/21/2023 | 44692 | 45512 |  |
| IFA Holding GmbH TL, 7.954% | 8/21/2023 | 322227 | 423733 | 0.1 |
| IFA Holding GmbH TL, 8.355% | 2/11/2022 | 1410301 | 1445250 | 0.4 |
| IFA Holding GmbH TL, 8.355% | 2/11/2022 | 1276295 | 1307607 | 0.4 |
| Jacktel AS | 3/16/2022 | 1832278 | 2893634 | 0.8 |
| Johanna 405 Vermögensverwaltungs GmbH | 3/26/2025 |  | 412763 | 0.1 |
| Johanna 410 Vermögensverwaltungs GmbH | 3/26/2025 |  | 353102 | 0.1 |
| Leoni Bordnetz-Systeme GmbH, 5.927% | 11/30/2023 | 15895925 | 18727513 | 5.5 |
| Moreld AS, 9.875% | 1/27/2025 | 3000000 | 2951750 | 0.9 |
| Paper Industries TopCo, Ltd., Common Shares | 5/20/2019 | 626356 | 256461 | 0.1 |
| Paper Industries TopCo, Ltd., Warrants, 06/23/2025 | 5/17/2024 |  | 183 |  |
| Praesidiad, Ltd., 10.598% | 6/6/2024 | 329454 | 302296 | 0.1 |
| Praesidiad, Ltd., 10.598% | 6/11/2024 | 324570 | 302296 | 0.1 |
| Praesidiad, Ltd., 10.598% | 11/8/2023 | 621120 | 717233 | 0.2 |
| Praesidiad, Ltd., 9.598% | 6/12/2024 | 2667493 | 2782653 | 0.8 |
| Praesidiad, Ltd., 8.000% | 2/21/2025 | 402032 | 380862 | 0.1 |
| Praesidiad, Ltd., 0.250% | 6/12/2024 | 6425517 | 147864 |  |
| Praesidiad, Ltd., 0.000% | 2/21/2025 | 98539 | 94040 |  |
| Praesidiad, Ltd., Common Shares | 5/28/2024 |  |  |  |

---

---

| |
|:---|
| **Bluebay Destra International Event-driven Credit Fund** |
| **Schedule of Investments (continued) (unaudited)** |
| **As of June 30, 2025** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Acquisition<br> Date** | **Cost** | **Value** | **% of<br> Net Assets** |
| Quintis Australia Pty, Ltd., Common Shares | 10/30/2019 |  |  | —% |
| Sprint Intermediate Co B.V., Class B | 2/12/2025 |  | 8470 |  |
| Sprint Intermediate Co B.V., Class C | 2/12/2025 |  | 3017 |  |
| Standard Profil Automotive GmbH TL, 15.000% | 5/2/2025 | 5743283 | 6471040 | 1.9 |
| Standard Profil Automotive GmbH TL, 15.000% | 5/2/2025 | 1525351 | 1660606 | 0.5 |
| Standard Profil Automotive GmbH TL, 15.000% | 3/14/2025 | 5442765 | 6488022 | 1.9 |
| Takko Luxembourg TL, 15.000% | 2/23/2023 | 12170912 | 17069120 | 5 |
| Takko, A Shares | 2/23/2023 |  | 19 |  |
| Takko, B Shares | 2/23/2023 |  | 19 |  |
| Takko, C Shares | 2/23/2023 |  | 19 |  |
| Takko, D Shares | 2/23/2023 |  | 19 |  |
| Takko, E Shares | 2/23/2023 |  | 19 |  |
| Takko, F Shares | 2/23/2023 |  | 19 |  |
| Takko, G Shares | 2/23/2023 |  | 19 |  |
| Takko, H Shares | 2/23/2023 |  | 20 |  |
| Takko, I Shares | 2/23/2023 |  | 20 |  |
| Takko, J Shares | 2/23/2023 |  | 20 |  |
| Varta AG, 11.747% | 3/25/2025 | 4874091 | 5315952 | 1.6 |
| Varta AG, 5.497% | 3/26/2025 | 4377923 | 4512628 | 1.3 |
| Varta AG, 5.497% | 3/26/2025 | 346939 | 353782 | 0.1 |
| Varta AG, 9.747% | 3/26/2025 | 3318713 | 3426245 | 1 |
| Varta AG, 5.497% | 3/26/2025 | 217547 | 215422 | 0.1 |
| Varta Consumer Batteries GmbH, 11.747% | 3/25/2025 | 963963 | 1069001 | 0.3 |
| Ventura Offshore Midco, Ltd., 10.000% | 3/21/2024 | 9646795 | 9692352 | 2.8 |
| **Total** |  | $142779586 | $159925870 | 46.9% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlueBay Destra International Event-Driven Credit Fund

- **b. Investment Company Act file number:** 811-23309

- **c. CIK number of Registrant:** 0001722837

- **d. LEI of Registrant:** 549300LJCXU3SII0EB34

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

  - **Street Address 1:** 443 N. Willson Ave

  - **City:** Bozeman

  - **State:** MT

  - **Foreign country:** US

  - **Zip / Postal Code:** 59715

  - **Telephone number:** 312-843-6161

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

- **a. Name of Series:** BlueBay Destra International Event-Driven Credit Fund

- **c. LEI of Series:** 549300LJCXU3SII0EB34

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $658249459.79

**Total Liabilities:** $316939300.08

**Net Assets:** $341310159.71

**Cash Not Reported:** $22221998.24

**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:** 2268.28432200 | **1-Year:** 19162.50275700 | **5-Year:** 4416.39528100 | **10-Year:** 1854.90484100 | **30-Year:** 110.58064400

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.43%               | 0.00%                | 0.49%                |
| Class ID N/A | -2.47%               | -0.05%               | 0.52%                |
| Class ID N/A | -2.42%               | 0.00%                | 0.55%                |
| Class ID N/A | -2.49%               | -0.05%               | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-597290.67              | $-981013.55                                |
| Month 2  | $-56058.06               | $-2753736.32                               |
| Month 3  | $-2332900.87             | $6975071.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LEONI Bordnetz-Systeme GmbH 12/31/2026           | LEONI Bordnetz-Systeme    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |  17726631 | PA      | $18727512.50  | 5.49%             | 2026-12-31      | Variable      | 5.93%                 | Yes           |                  3 | On Loan: No      |
| IFA Holding GmbH TL2 EUR                         | TL3 EUR                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1237723 | PA      | $1307607.48   | 0.38%             | 2026-03-31      | Variable      | 8.35%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | TAKKO CLASS E             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AG NM TL EUR                                     | CONSUMER NM TL EUR        | CUSIP: 0DM243252<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |    899439 | PA      | $1069001.28   | 0.31%             | 2027-12-31      | Variable      | 11.75%                | Yes           |                  3 | On Loan: No      |
| ARVOS HOLDCO SARL                                | ALIBID TL UNSEC USD       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    650621 | PA      | $143136.58    | 0.04%             | 2027-11-29      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| IFA Holding GmbH TL EUR                          | TL EUR                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    387717 | PA      | $45512.08     | 0.01%             | 2029-03-31      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Aurora SAS Consolis Equity                       | Aurora SAS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | XX        |    650714 | NS      | $1909596.20   | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BlackRock Liquidity Funds                        | BLKR-LIQ FED-INS          | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   7961908 | PA      | $7961907.79   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcom Holding AB                              | TRNSCM FLOAT 12/15/26     | CUSIP: W9617AAC2<br>LEI: 549300E8LSH665GJCR52 | Long             | DBT              | CORP              | SE        |  11085000 | PA      | $10409070.43  | 3.05%             | 2026-12-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       | 455546877 | NC      | $764240.59    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Praesidiad Ltd TL EUR                            | TL B EUR                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |    302972 | PA      | $302296.49    | 0.09%             | 2026-06-30      | Variable      | 10.60%                | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   3000000 | NC      | $-79913.73    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | ATOFP PIK-TERM 2L EUR     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   1084444 | PA      | $547377.53    | 0.16%             | 2032-12-17      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| IFA Holding GmbH TL EUR                          | TL EUR                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    401087 | PA      | $423733.18    | 0.12%             | 2026-03-31      | Variable      | 7.95%                 | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | Varta AG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |   2864834 | NS      | $353101.97    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DOF Group ASA                                    | DOF GROUP ASA             | CUSIP: R1883X116<br>LEI: 213800GIV9N2A714T434 | Long             | EC               | CORP              | NO        |   1077964 | NS      | $9469747.09   | 2.77%             |  |  |  | Yes           |                  1 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - NOK   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1127678 | NC      | $-8082.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATOS SE                                          | ATOFP PIK-TERM 2L EUR     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |   3250000 | PA      | $3079030.70   | 0.90%             | 2030-12-17      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| AHMAD HAMAD AL GOSAIBI BROS TL                   | GOSAIBI BROS TL           | CUSIP: 0DM281021<br>LEI: N/A                  | Long             | LON              | CORP              | SA        |   3047652 | PA      | $156192.18    | 0.05%             | 2050-01-01      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| LECTA WARRANT                                    | LECTA WARRANT             | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | DK        |     20773 | NS      | $182.89       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | ACCEL TL 1L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   7307520 | PA      | $7119663.79   | 2.09%             | 2030-05-31      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| AG NM TL EUR                                     | AG NM TL EUR              | CUSIP: 0DM243251<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   4472751 | PA      | $5315952.49   | 1.56%             | 2027-12-31      | Variable      | 11.75%                | Yes           |                  3 | On Loan: No      |
| Galileo Global Technologies Ltd.                 | GALLEO 13 3/4 03/04/28    | CUSIP: YR3674946<br>LEI: 213800YIJLJT8TLZHT73 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $7052813.60   | 2.07%             | 2028-03-04      | Fixed         | 13.75%                | Yes           |                  3 | On Loan: No      |
| Quintis (Australia) Pty Limited                  | QINAUS 7 1/2 10/01/26     | CUSIP: 74877UAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |      8538 | PA      | $922.10       | 0.00%             | 2026-10-01      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| HSE Finance S a r l                              | HSEFIN Float 10/15/26     | CUSIP: L4830ZAA5<br>LEI: 894500G58U7EW07EK366 | Long             | DBT              | CORP              | LU        |    559000 | PA      | $349433.40    | 0.10%             | 2026-10-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Varta AG                                         | Varta AG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |   1953515 | NS      | $412762.85    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | ARVOS BIDCO SARL          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |  10340973 | PA      | $9710973.29   | 2.85%             | 2027-08-30      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| AHMAD HAMAD AL GOSAIBI BROS TL                   | GOSAIBI BROS TL -EUR      | CUSIP: 0DM281023<br>LEI: N/A                  | Long             | LON              | CORP              | SA        |   8400000 | PA      | $505341.00    | 0.15%             | 2050-01-01      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Compact Bidco BV TL 11/25/2029                   | TL 11/25/2029             | CUSIP: 0CMPCTB22<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |  15909210 | PA      | $18324817.57  | 5.37%             | 2029-11-25      | Variable      | 12.00%                | Yes           |                  3 | On Loan: No      |
| ITRAXX EUROPE CROSSOVER SERIES 43                | ITRX XOV CDSI S43 5Y V1 6 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  44240000 | PA      | $-4834910.10  | -1.42%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS B             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NCO Invest S.A.                                  | NCOINV 10 12/30/26        | CUSIP: L67141AA6<br>LEI: 894500E169R5PJMZQT84 | Long             | DBT              | CORP              | LU        |  10536245 | PA      | $4328.78      | 0.00%             | 2026-12-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GYM Group PLC                                    | GYM GROUP PLC             | CUSIP: G42114101<br>LEI: 213800VCU9TBANZIN455 | Long             | EC               | CORP              | GB        |   6052454 | NS      | $12606860.09  | 3.69%             |  |  |  | Yes           |                  1 | On Loan: No      |
| STANDARD PROFIL AUTOMOTIVE                       | STANDARD PROFIL AUTO TL   | CUSIP: 0DM294251<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   5512679 | PA      | $6471039.51   | 1.90%             | 2025-09-30      | Variable      | 15.00%                | Yes           |                  3 | On Loan: No      |
| Cruise Yacht Upper Holdco Ltd.                   | CRYACU 11 7/8 07/05/28    | CUSIP: X174B1AA0<br>LEI: 984500DE088QEE80G074 | Long             | DBT              | CORP              | MT        |   3000000 | PA      | $2543109.72   | 0.75%             | 2028-07-05      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1519894 | NC      | $-4301.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOS GmbH REV EUR                                 | BOS GMBH REV EUR          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   2428571 | PA      | $2565693.04   | 0.75%             | 2049-12-31      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Moreld ASA                                       | MORELD AS                 | CUSIP: R4568A104<br>LEI: 6488UNV33KXZ9498L870 | Long             | EC               | CORP              | NO        |   5589340 | NS      | $8262747.55   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Frigo Debtco PLC                                 | FRIGOD 10 04/27/28        | CUSIP: G371C2AB6<br>LEI: 213800XKJS6211ACCH43 | Long             | DBT              | CORP              | GB        |  10471446 | PA      | $2888589.99   | 0.85%             | 2028-04-27      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  11476049 | NC      | $-193203.43   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Compact Bidco BV                                 | Compact Bidco BV          | CUSIP: 0DM260325<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   3928389 | PA      | $4611326.41   | 1.35%             | 2029-06-30      | Variable      | 12.00%                | Yes           |                  3 | On Loan: No      |
| IFA Holding GmbH TL2 EUR                         | TL2 EUR                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1368010 | PA      | $1445250.17   | 0.42%             | 2026-03-31      | Variable      | 8.35%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - JPY   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   9901990 | NC      | $-29233.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AG NM TL EUR                                     | Varta AGTL B EUR          | CUSIP: 0DM243255<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   3944349 | PA      | $3426245.49   | 1.00%             | 2027-12-31      | Variable      | 9.75%                 | Yes           |                  3 | On Loan: No      |
| NEW TOP CO SHARES                                | NEW TOP CO SHARES         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |      5956 | NS      | $13982.86     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1788624 | NC      | $36901.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AG NM TL EUR                                     | Varta AGTL A1 EUR         | CUSIP: 0DM243253<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   5058300 | PA      | $4512628.23   | 1.32%             | 2027-12-31      | Variable      | 5.50%                 | Yes           |                  3 | On Loan: No      |
| LECTA EQUITY                                     | LECTA EQUITY              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |  29130535 | NS      | $256460.86    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEW TOP CO SHARES                                | NEW TOP CO SHARES         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |      9570 | NS      | $22467.43     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | SX5E 06/19/26 P4500       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      4570 | NC      | $6163786.83   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS I             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| STANDARD PROFIL AUTOMOTIVE                       | STANDARD PROFIL AUTO TL   | CUSIP: 0DM294252<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   1414670 | PA      | $1660606.27   | 0.49%             | 2025-09-30      | Variable      | 15.00%                | Yes           |                  3 | On Loan: No      |
| QUINTIS EQUITY                                   | QUINTIS EQUITY            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     65000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | ACCEL TL 2L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   4391647 | PA      | $489736.48    | 0.14%             | 2031-06-30      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NCO Invest S.A.                                  | NCOINV 10 12/30/26        | CUSIP: L67141AB4<br>LEI: 894500E169R5PJMZQT84 | Long             | DBT              | CORP              | LU        |   3890045 | PA      | $68494.75     | 0.02%             | 2026-12-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS A             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | TAKKO CLASS C             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Paper Industries Intermediate Financing S.a.r.l. | LECTA FLOAT 09/01/28      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    668890 | PA      | $306217.98    | 0.09%             | 2028-09-01      | Floating      | 8.50%                 | Yes           |                  2 | On Loan: No      |
| AG NM TL EUR                                     | Varta AGTL C EUR          | CUSIP: 0DM243256<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    431808 | PA      | $215422.23    | 0.06%             | 2027-12-31      | Variable      | 5.50%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  13855000 | NC      | $7193.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Floatel International Ltd.                       | FLOAT 9 3/4 04/10/29      | CUSIP: G3597XAP8<br>LEI: 549300WL84OZOSWF0U42 | Long             | DBT              | CORP              | BM        |  16625000 | PA      | $13880921.06  | 4.07%             | 2029-04-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL HLD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |   6998095 | PA      | $147864.43    | 0.04%             | 2027-09-30      | Variable      | 0.25%                 | Yes           |                  3 | On Loan: No      |
| Constellation Oil Services Holding SA            | CONSTELLATION OI          | CUSIP: R2R90T105<br>LEI: 5493005YJTU769NW5I10 | Long             | EC               | CORP              | LU        |  27661445 | NS      | $12300414.29  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | ATOFP REV 1L EUR          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   8000000 | PA      | $8357788.47   | 2.45%             | 2029-12-18      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Petrofac Ltd.                                    | PFCLN 9 3/4 11/15/26      | CUSIP: G7052TAF8<br>LEI: 2138004624W8CKCSJ177 | Long             | DBT              | CORP              | JE        |   3870000 | PA      | $619200.00    | 0.18%             | 2026-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS H             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | ACCEL TL 1L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   7700414 | PA      | $3954608.71   | 1.16%             | 2030-05-31      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Lime Petroleum AS                                | LIMPET Float 07/19/27     | CUSIP: R4S26VAA2<br>LEI: 894500TQ3YLYPWW50Z36 | Long             | DBT              | CORP              | NO        |  40611186 | PA      | $4036520.01   | 1.18%             | 2027-07-19      | Floating      | 13.86%                | Yes           |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       | 153344692 | NC      | $-3356241.32  | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   3700000 | NC      | $-47792.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Atos SE                                          | ATOFP 1 12/18/32          | CUSIP: F04805EU1<br>LEI: 5493001EZOOA66PTBR68 | Long             | DBT              | CORP              | FR        |   8088000 | PA      | $4070937.06   | 1.19%             | 2032-12-18      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS J             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Paper Industries Intermediate Financing S.a.r.l. | LECTA FLOAT 03/01/28      | CUSIP: N/A<br>LEI: 222100X9KI2QKRFRDO96       | Long             | DBT              | CORP              | LU        |    252568 | PA      | $271275.64    | 0.08%             | 2028-03-01      | Floating      | 10.00%                | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    775495 | NC      | $-20752.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  10470158 | NC      | $149634.08    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | ACCEL TL 2L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   5128241 | PA      | $331087.26    | 0.10%             | 2031-06-30      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | Praesidiad Ltd 9/30/27    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    381714 | PA      | $380862.45    | 0.11%             | 2027-09-30      | Variable      | 8.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   2791364 | NC      | $271.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSE Finance S a r l                              | HSEFIN 5 5/8 10/15/26     | CUSIP: L4830ZAB3<br>LEI: 894500G58U7EW07EK366 | Long             | DBT              | CORP              | LU        |   4116000 | PA      | $2464069.61   | 0.72%             | 2026-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BOND HOLDCO S.A.                                 | BOND HOLDCO S.A.          | CUSIP: N/A<br>LEI: 21380031BLVJWZHEI632       | Long             | EC               | CORP              | LU        |    331734 | NS      | $3.90         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atos SE                                          | ATOS SE                   | CUSIP: F04805275<br>LEI: 5493001EZOOA66PTBR68 | Long             | EC               | CORP              | FR        |     42590 | NS      | $1614060.51   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| House Of Fraser (Funding) plc                    | HOUSF 6.54975 09/15/20    | CUSIP: G46144AF1<br>LEI: 213800P7RKFZN1OO5R52 | Long             | DBT              | CORP              | GB        |   7510000 | PA      | $10600.08     | 0.00%             | 2025-07-17      | Floating      | 6.65%                 | Yes           |                  3 | On Loan: No      |
| PRAESIDIAD TopCo LTD                             | PRAESIDIAD TopCo LTD      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | XX        |       234 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLUTTER FINANCING BV                             | STANDARD PROFIL 2/22 RC   | CUSIP: 0LX219863<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   5456664 | PA      | $6405286.68   | 1.88%             | 2025-12-31      | Variable      | 15.00%                | Yes           |                  3 | On Loan: No      |
| AZALEA TOPCO INC                                 | PFCLN REV UNSEC USD       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | JE        |  13626756 | PA      | $2384682.37   | 0.70%             | 2026-10-28      | Variable      | 14.81%                | No            |                  2 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | Praesidiad Ltd 9/30/27    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     94250 | PA      | $94040.11     | 0.03%             | 2027-09-30      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| JUMP FINANCIAL LLC                               | ACCEL TL 3L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   7359703 | PA      | $302370.69    | 0.09%             | 2031-06-30      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Jacktel AS                                       | JACKTEL AS                | CUSIP: R35277103<br>LEI: 549300TH27ADF0CT8150 | Long             | EC               | CORP              | NO        |   9760901 | NS      | $2893633.51   | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Avation Plc                                      | AVATION PLC-CW26          | CUSIP: G0713X132<br>LEI: 213800KA972GUP1B6I78 | Long             | DO               | CORP              | GB        |      3500 | NS      | $1918.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OCV Recovery AS                                  | TAUBAT 2 12/31/26         | CUSIP: R11939AA4<br>LEI: 5493008CFUC2FWBPTK19 | Long             | DBT              | CORP              | NO        |    348718 | PA      | $241215.25    | 0.07%             | 2026-12-31      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Sitel Group                                      | SITEL TL B 1L USD         | CUSIP: 82981MAC6<br>LEI: 5493007DS8CM3ZGION43 | Long             | LON              | CORP              | US        |   7388443 | PA      | $4089429.50   | 1.20%             | 2028-07-29      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   5305742 | NC      | $-126657.78   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STAK                                             | STAK I (Class C)          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    548561 | NS      | $3017.09      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                              | SX5E 06/19/26 P4000       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -4570 | NC      | $-3358164.10  | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   9728089 | NC      | $5527.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL OPCO EUR               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |   2944773 | PA      | $2782653.27   | 0.82%             | 2027-12-31      | Variable      | 9.60%                 | Yes           |                  3 | On Loan: No      |
| IRIS HOLDING INC                                 | ?Prosafe SE CA1 TL A      | CUSIP: 0LX203959<br>LEI: N/A                  | Long             | LON              | CORP              | NO        |  20449425 | PA      | $11758419.10  | 3.45%             | 2025-12-17      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS F             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ventura Offshore Midco Ltd.                      | VTURAM 10 04/19/27        | CUSIP: G73103AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NO        |   9635134 | PA      | $9692352.05   | 2.84%             | 2027-04-19      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                              | TAKKO CLASS D             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voyager Aviation Holdings Llc                    | VAHLLC 8 1/2 05/09/26     | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |     98705 | PA      | $0.10         | 0.00%             | 2026-05-09      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ARVOS HOLDING GMBH                               | ALIBID TL UNSEC USD       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   3691113 | PA      | $2959811.04   | 0.87%             | 2027-08-30      | Variable      | 10.04%                | No            |                  2 | On Loan: No      |
| Ferralum Metals Group SA                         | FERMET 10 12/30/26        | CUSIP: L3550XAA0<br>LEI: 391200QYE9KWH30NSP86 | Long             | DBT              | CORP              | LU        |   3749462 | PA      | $1298381.61   | 0.38%             | 2026-12-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Standard Profil Automotive Gmbh                  | STPRAU 6 1/4 04/30/26     | CUSIP: D8T9EPAA6<br>LEI: 529900C8VRLXU0FJK109 | Long             | DBT              | CORP              | DE        |  25864000 | PA      | $12144116.19  | 3.56%             | 2026-04-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STAK                                             | STAK II (Class B)         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1540083 | NS      | $8470.46      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IRIS HOLDING INC                                 | ?Prosafe SE TL CA2 TL     | CUSIP: 0LX203960<br>LEI: N/A                  | Long             | LON              | CORP              | NO        |   3773591 | PA      | $2169814.95   | 0.64%             | 2025-12-17      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| KUEHG CORP                                       | ALIBID TL UNSEC EUR       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    790298 | PA      | $204091.63    | 0.06%             | 2027-11-29      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Paper Industries Intermediate Financing S.a.r.l. | LECTA FLOAT 09/01/28      | CUSIP: L7404YAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   7399085 | PA      | $3387302.68   | 0.99%             | 2028-09-01      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Bos GmbH & Co.KG                                 | BOSGMB FLOAT 06/25/29     | CUSIP: D1R2ZSAA9<br>LEI: 529900XO8NUCKQJFB816 | Long             | DBT              | CORP              | DE        |   3500000 | PA      | $4045980.55   | 1.19%             | 2029-06-25      | Floating      | 11.03%                | Yes           |                  3 | On Loan: No      |
| Praesidiad Ltd TL EUR                            | TL EUR                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |    302972 | PA      | $302296.49    | 0.09%             | 2026-06-30      | Variable      | 10.60%                | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1741654 | NC      | $-44587.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Odfjell Drilling Limited                         | ODFJELL DRILLING LTD      | CUSIP: G67180102<br>LEI: 529900M08ZU24JXMPB85 | Long             | EC               | CORP              | BM        |    869788 | NS      | $5732863.58   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Frigo Debtco PLC                                 | FRIGOD 11 04/27/26        | CUSIP: G371C2AF7<br>LEI: 213800XKJS6211ACCH43 | Long             | DBT              | CORP              | GB        |   1911313 | PA      | $1828524.59   | 0.54%             | 2026-04-27      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| AG NM TL EUR                                     | Varta AGTL A2 EUR         | CUSIP: 0DM243254<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    401849 | PA      | $353781.98    | 0.10%             | 2027-12-31      | Variable      | 5.50%                 | Yes           |                  3 | On Loan: No      |
| BOS GmbH REV EUR                                 | BOS GMBH TL B EUR         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1303610 | PA      | $1377214.46   | 0.40%             | 2049-12-31      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Mcom Investments Ltd.                            | MCOMIN 20 09/30/26        | CUSIP: G5940ZAA5<br>LEI: 391200E7HZ2TYSSYER03 | Long             | DBT              | CORP              | GB        |   1153513 | PA      | $1238936.14   | 0.36%             | 2026-09-30      | Fixed         | 20.00%                | No            |                  2 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL B 1L EUR               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |    607971 | PA      | $717233.06    | 0.21%             | 2026-06-30      | Variable      | 10.60%                | Yes           |                  3 | On Loan: No      |
| Takko Luxembourg TL PIK 12/9/2026                | TL PIK 12/9/2026          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7007799 | PA      | $17069119.65  | 5.00%             | 2026-12-09      | Variable      | 15.00%                | Yes           |                  3 | On Loan: No      |
| Quintis (Australia) Pty Limited                  | QINAUS 12 10/01/28        | CUSIP: 74877UAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    117000 | PA      | $0.00         | 0.00%             | 2028-10-01      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  19100000 | NC      | $-12632.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | SITEL TL B 1L EUR         | CUSIP: G8200EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |   8869155 | PA      | $5889310.48   | 1.73%             | 2028-08-28      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| N/A                                              | HRGNO TL A 1L EUR         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   7039888 | PA      | $0.82         | 0.00%             | 2029-02-23      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BAHAMAS GOVT Intl Bond TERM LOAN                 | Intl Bond TERM LOAN       | CUSIP: 0BAHTLA26<br>LEI: N/A                  | Long             | LON              | CORP              | BS        |   5400001 | PA      | $6750000.74   | 1.98%             | 2026-09-08      | Variable      | 8.43%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | TAKKO CLASS G             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $19.29        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Frigo Debtco PLC                                 | FRIGOD 12 04/27/26        | CUSIP: G371C2AA8<br>LEI: 213800XKJS6211ACCH43 | Long             | DBT              | CORP              | GB        |   3674338 | PA      | $3515184.26   | 1.03%             | 2026-04-27      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Ventura Offshore Holdings Ltd.                   | VENTURA OFFSHORE          | CUSIP: G73093109<br>LEI: 5299001V0XROH623VE19 | Long             | EC               | CORP              | BM        |   2802769 | NS      | $4791436.87   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - GBP   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1466579 | NC      | $430.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordic Trustee Services AS                       | NORDIC TRUSTEE SE         | CUSIP: R64524102<br>LEI: 5493004YN9S49G6IPL25 | Long             | EC               | CORP              | NO        |    439483 | NS      | $477713.07    | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Moreld ASA                                       | MORLD 9 7/8 02/11/30      | CUSIP: R4568AAA2<br>LEI: 6488UNV33KXZ9498L870 | Long             | DBT              | CORP              | NO        |   3000000 | PA      | $2951750.00   | 0.86%             | 2030-02-11      | Fixed         | 9.88%                 | Yes           |                  3 | On Loan: No      |
| AHMAD HAMAD AL GOSAIBI BROS TL                   | GOSAIBI BROS TL -EUR      | CUSIP: 0DM281022<br>LEI: N/A                  | Long             | LON              | CORP              | SA        |   3240000 | PA      | $194917.24    | 0.06%             | 2050-01-01      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | Accell A DD 1L EUR        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   5000000 | PA      | $3521540.09   | 1.03%             | 2031-06-30      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   3416885 | NC      | $5047.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** Bluebay Destra International Event Driven

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Chief Financial Officer