# EDGAR Filing Document

**Accession Number:** 0001722837
**File Stem:** 0000910472-26-003454
**Filing Date:** 2026-2
**Character Count:** 73666
**Document Hash:** cc596dfae37953dd8e5828ae7fc9a26e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003454.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003454

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26700278

**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 December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **BANK LOANS – 35.2%** |  |
|  | **BAHAMAS – 0.9%** |  |
| 2700001 | Government of Bahamas, 8.239%, 09/08/2026<sup>(1),(2),(3)</sup> | $3390976 |
|  | **FRANCE – 5.7%** |  |
|  | Atos S.E.: |  |
| 8000000 | &nbsp;&nbsp;&nbsp;0.000%, 12/18/2029<sup>(4),(5),(7)</sup> | 8737932 |
| 3315903 | &nbsp;&nbsp;&nbsp;4.657%, (3-Month Euribor + 260 basis points), 12/17/2030<sup>(4),(5)</sup> | 3541932 |
| 1128424 | &nbsp;&nbsp;&nbsp;1.000%, (3-Month Euribor + 100 basis points), 12/17/2032<sup>(4),(5)</sup> | 803783 |
| 12897358 | Colisee Group S.A.S, 5.832%, (6-Month Euribor + 375 basis points), 11/30/2027<sup>(4),(5)</sup> | 8425710 |
|  |  | **21509357** |
|  | **GERMANY – 4.5%** |  |
|  | IFA Holding GmbH TL: |  |
| 401087 | &nbsp;&nbsp;&nbsp;8.078%, 03/31/2026<sup>(1),(3),(5)</sup> | 329741 |
| 1368010 | &nbsp;&nbsp;&nbsp;8.000%, 03/31/2026<sup>(1),(3),(5)</sup> | 1124664 |
| 1237723 | &nbsp;&nbsp;&nbsp;8.000%, 03/31/2026<sup>(1),(3),(5)</sup> | 1017554 |
| 387717 | &nbsp;&nbsp;&nbsp;0.000%, 03/31/2029<sup>(1),(3),(5)</sup> |  |
|  | Varta AG: |  |
| 5058300 | &nbsp;&nbsp;&nbsp;5.518%, 12/31/2027<sup>(1),(3),(5),(7),(8)</sup> | 4039701 |
| 401849 | &nbsp;&nbsp;&nbsp;5.518%, 12/31/2027<sup>(1),(3),(5),(7),(8)</sup> | 316209 |
| 431808 | &nbsp;&nbsp;&nbsp;5.518%, 12/31/2027<sup>(1),(3),(5),(7),(8)</sup> | 88749 |
| 4101173 | &nbsp;&nbsp;&nbsp;9.768%, 12/31/2027<sup>(1),(3),(5),(7),(8)</sup> | 3130813 |
| 4733039 | &nbsp;&nbsp;&nbsp;11.768%, 12/31/2027<sup>(1),(3),(5),(7),(8)</sup> | 5503146 |
| 942938 | Varta Consumer Batteries GmbH, 11.768%, 12/31/2027<sup>(1),(3),(5),(7),(8)</sup> | 1096363 |
|  |  | **16646940** |
|  | **JERSEY – 0.4%** |  |
| $490000 | Alloy Finco Ltd., 0.500%, 03/06/2028 | 1163750 |
| $13740719 | Petrofac Ltd., 4.300%, 10/28/2026<sup>(1),(3),(4),(11),(13),(14)</sup> | 412222 |
|  |  | **1575972** |
|  | **LUXEMBOURG – 11.1%** |  |
|  | Arvos BidCo Sarl: |  |
| 10122550 | &nbsp;&nbsp;&nbsp;7.569%, 08/30/2027<sup>(5)</sup> | 9798054 |
| $3612981 | &nbsp;&nbsp;&nbsp;9.602%, 08/30/2027<sup>(4)</sup> | 3031887 |
|  | Arvos Holdco SARL: |  |
| 790298 | &nbsp;&nbsp;&nbsp;0.500%, 11/29/2027<sup>(4),(5)</sup> | 204197 |
| $650621 | &nbsp;&nbsp;&nbsp;0.500%, 11/29/2027<sup>(4)</sup> | 143137 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **BANK LOANS (continued)** |  |
|  | **LUXEMBOURG (continued)** |  |
| 15625155 | Foundever Group SA, 5.680%, (1-Month Euribor + 375 basis points), 08/28/2028<sup>(4),(5)</sup> | $6698120 |
| 3366659 | Takko Luxembourg TL, 15.000%, 10/15/2030<sup>(1),(3),(5),(8)</sup> | 21608521 |
|  |  | **41483916** |
|  | **NETHERLANDS – 6.9%** |  |
|  | Accell Group Holding B.V. |  |
| 5000000 | &nbsp;&nbsp;&nbsp;9.017%, 06/30/2031<sup>(1),(3),(4),(5),(7)</sup> | 264252 |
| 8047619 | &nbsp;&nbsp;&nbsp;9.083%, 05/31/2030<sup>(4),(5),(8)</sup> | 362325 |
| 7637010 | &nbsp;&nbsp;&nbsp;9.083%, 05/31/2030<sup>(4),(5),(8)</sup> | 403619 |
| 4589663 | &nbsp;&nbsp;&nbsp;9.083%, 06/30/2031<sup>(4),(5),(8)</sup> | 76112 |
|  | Compact Bidco BV: |  |
| 4170326 | &nbsp;&nbsp;&nbsp;12.000%, 06/30/2029<sup>(1),(3),(5),(8)</sup> | 4897853 |
| 16889007 | &nbsp;&nbsp;&nbsp;12.000%, 11/25/2029<sup>(1),(3),(5),(8)</sup> | 19438643 |
|  | Sprint Bidco BV: |  |
| 7359703 | &nbsp;&nbsp;&nbsp;0.020%, 06/30/2031<sup>(4),(5),(8)</sup> | 64957 |
| 5369782 | &nbsp;&nbsp;&nbsp;9.083%, 06/30/2031<sup>(4),(5),(8)</sup> | 77255 |
|  |  | **25585016** |
|  | **NORWAY – 4.4%** |  |
| $5504764 | Prosafe SE, 11.000%, 12/31/2029<sup>(1),(3),(4),(8)</sup> | 4844192 |
| $11503990 | Prosafe SE, 11.000%, 12/31/2029<sup>(1),(3),(4)</sup> | 11662170 |
|  |  | **16506362** |
|  | **UNITED KINGDOM – 0.5%** |  |
|  | Praesidiad, Ltd.: |  |
| 302972 | &nbsp;&nbsp;&nbsp;10.083%, 06/30/2026<sup>(1),(3),(5)</sup> | 266870 |
| 302972 | &nbsp;&nbsp;&nbsp;10.083%, 06/30/2026<sup>(1),(3),(5)</sup> | 266870 |
| 607971 | &nbsp;&nbsp;&nbsp;10.083%, 06/30/2026<sup>(1),(3),(5)</sup> | 535525 |
| 94250 | &nbsp;&nbsp;&nbsp;0.000%, 09/30/2027<sup>(1),(3),(4),(5)</sup> | 83019 |
| 6998095 | &nbsp;&nbsp;&nbsp;0.250%, 09/30/2027<sup>(1),(3),(5)</sup> | 25479 |
| 381714 | &nbsp;&nbsp;&nbsp;10.083%, 09/30/2027<sup>(1),(3),(4),(5)</sup> | 336229 |
| 2944773 | &nbsp;&nbsp;&nbsp;9.083%, 12/31/2027<sup>(1),(3),(5)</sup> | 487303 |
|  |  | **2001295** |
|  | **UNITED STATES – 0.8%** |  |
| $7350161 | Foundever Worldwide Corp., 7.780%, (3-Month Term SOFR + 401 basis points), 08/28/2028<sup>(4)</sup> | 3050317 |
|  | **TOTAL BANK LOANS** <br> (Cost $147,371,426) | **131750151** |

---

---

| |
|:---|
| **Bluebay Destra International Event-Driven Credit Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **As of December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **CORPORATE DEBT SECURITIES – 0.0%** |  |
|  | **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 $71,303) | **0** |
|  | **INTERNATIONAL DEBT SECURITIES – 27.6%** |  |
|  | **AUSTRALIA – 0.0%** |  |
|  | Quintis Australia Pty, Ltd., Corporate Debt: |  |
| $8538 | &nbsp;&nbsp;&nbsp;7.500%, 10/01/2026<sup>(1),(8),(9)</sup> | 675 |
| $117000 | &nbsp;&nbsp;&nbsp;12.000%, 10/01/2028<sup>(1),(8),(9)</sup> |  |
|  |  | **675** |
|  | **BERMUDA – 6.3%** |  |
| $15875000 | Floatel International, Ltd., 9.750%, 04/10/2029 | 14848947 |
| $8391890 | Ventura Offshore Midco, Ltd., 10.000%, 04/19/2027<sup>(9)</sup> | 8537014 |
|  |  | **23385961** |
|  | **FRANCE – 1.7%** |  |
| 8088000 | Atos S.E., 1.040%, 12/18/2032<sup>(5)</sup> | 6293419 |
|  | **GERMANY – 5.5%** |  |
| 2700000 | BOS GmbH & Co. KG, 11.022%, (3-Month Euribor + 900 basis points), 06/25/2029<sup>(4),(5)</sup> | 3117915 |
| 15492441 | Standard Profil Automotive GmbH, 8.500%, 01/01/2030<sup>(1),(3),(5)</sup> | 17737722 |
|  |  | **20855637** |
|  | **JERSEY – 0.1%** |  |
| $3870000 | Petrofac Ltd., 9.750%, 11/15/2026<sup>(11),(13),(14)</sup> | 198338 |
|  | **LUXEMBOURG – 5.2%** |  |
|  | Cullinan Holdco: |  |
| 3096000 | &nbsp;&nbsp;&nbsp;6.776%, (3-Month Euribor + 620 basis points), 10/15/2029<sup>(4),(5),(9)</sup> | 3170669 |
| 8277069 | &nbsp;&nbsp;&nbsp;8.500%, 10/15/2029<sup>(5),(9)</sup> | 8539409 |
| 3749462 | Ferralum Metals Group SA, 10.000%, 12/30/2026<sup>(5)</sup> | 242196 |
| 8251879 | HAWK MIDCO SARL, 7.000%, 01/06/2030<sup>(1),(3),(5)</sup> | 6905156 |
|  | NCO Invest SA: |  |
| 10536245 | &nbsp;&nbsp;&nbsp;10.000%, 12/30/2026<sup>(5),(10)</sup> | 1423 |
| 3890045 | &nbsp;&nbsp;&nbsp;10.000%, 12/30/2026<sup>(5),(10)</sup> | 57108 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **INTERNATIONAL DEBT SECURITIES (continued)** |  |
|  | **LUXEMBOURG (continued)** |  |
|  | Paper Industries Intermediate Financing Sarl: |  |
| 252568 | &nbsp;&nbsp;&nbsp;10.061%, (3-Month Euribor + 800 basis points), 03/01/2028<sup>(1),(4),(5),(9)</sup> | $215056 |
| 7713534 | &nbsp;&nbsp;&nbsp;8.561%, (3-Month Euribor + 650 basis points), 09/01/2028<sup>(4),(5),(8)</sup> | 385015 |
| 697316 | &nbsp;&nbsp;&nbsp;8.561%, (3-Month Euribor + 650 basis points), 09/01/2028<sup>(4),(5),(8),(9)</sup> | 34806 |
|  |  | **19550838** |
|  | **NORWAY – 2.8%** |  |
| $7000000 | Jacktel A/S, 10.000%. 10/10/2029 | 7037756 |
| $3000000 | Moreld AS, 9.875%, 02/11/2030 | 3079479 |
| 352214 | OCV Recovery AS, 2.000%, 12/31/2026<sup>(6),(8),(9)</sup> | 244427 |
|  |  | **10361662** |
|  | **UNITED KINGDOM – 6.0%** |  |
|  | Frigo Debtco PLC: |  |
| 11703638 | &nbsp;&nbsp;&nbsp;10.000%, 04/27/2028<sup>(8)</sup> | 4501611 |
| 5809077 | &nbsp;&nbsp;&nbsp;12.000%, 04/27/2028<sup>(8)</sup> | 5567152 |
|  | Galileo Global Technologies Ltd |  |
| $668402 | &nbsp;&nbsp;&nbsp;0.0000%, 03/04/2028 |  |
| $3682246 | &nbsp;&nbsp;&nbsp;13.750%, 03/04/2028<sup>(1),(3)</sup> | 3682246 |
| $3340351 | &nbsp;&nbsp;&nbsp;13.750%, 03/04/2028<sup>(1),(3)</sup> | 3340351 |
| $3317754 | &nbsp;&nbsp;&nbsp;13.750%, 03/04/2028<sup>(1),(3),(11)</sup> | 1924297 |
| 1153513 | Mcom Investments, Ltd., 0.000%, 09/30/2026<sup>(8)</sup> | 1034003 |
|  | Mobico Group PLC |  |
| 1904000 | &nbsp;&nbsp;&nbsp;4.250%, (UK 5-Year Gilt + 413.5 basis points), 02/26/2174<sup>(4)</sup> | 1544521 |
| 996000 | &nbsp;&nbsp;&nbsp;4.875%, 09/26/2031 | 930327 |
|  |  | **22524508** |
|  | **TOTAL INTERNATIONAL DEBT SECURITIES** <br> (Cost $119,235,003) | **103171038** |
|  | **INTERNATIONAL EQUITIES – 19.9%** |  |
|  | **BERMUDA – 2.0%** |  |
| 869788 | Odfjell Drilling, Ltd. | 7545116 |
|  | **CYPRUS – 2.7%** |  |
| 12518714 | SED Energy Holdings PLC | 10152137 |
|  | **FRANCE – 1.0%** |  |
| 65590 | Atos S.E.<sup>(10)</sup> | 3864715 |

---

---

| |
|:---|
| **Bluebay Destra International Event-Driven Credit Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **As of December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **INTERNATIONAL EQUITIES (continued)** |  |
|  | **LUXEMBOURG – 4.9%** |  |
| 1549246 | Constellation Oil Services Holding SA<sup>(10)</sup> | $18277289 |
|  | **NORWAY – 5.8%** |  |
| 9760901 | Jacktel AS | 4209432 |
| 5589340 | Moreld AS | 10406401 |
| 18748026 | Prosafe SE<sup>(10)</sup> | 6969976 |
|  |  | **21585809** |
|  | **UNITED KINGDOM – 3.5%** |  |
| 6499851 | Gym Group PLC<sup>(10)</sup> | 13026454 |
|  | **TOTAL INTERNATIONAL EQUITIES** <br> (Cost $47,731,525) | **74451520** |
|  | **PRIVATE COMPANIES – 3.3%** |  |
|  | **AUSTRALIA – 0.0%** |  |
| 65000 | Quintis Australia Pty, Ltd., Common Shares<sup>(1),(3)</sup> |  |
|  | **BERMUDA – 0.1%** |  |
| 439483 | FLOATEL INT LTD<sup>(1),(3),(10)</sup> | 479270 |
| 436438 | FLOATEL INT LTD, Warrants, 03/17/2025<sup>(1),(3),(10)</sup> | 4 |
|  |  | **479274** |
|  | **GERMANY – 0.0%** |  |
| 2864834 | Johanna 410 Vermögensverwaltungs GmbH<sup>(1),(3),(10)</sup> | 34 |
| 3479875 | VARTA AKTIENGESELLSCHAFT<sup>(1),(3),(10)</sup> | 81739 |
|  |  | **81773** |
|  | **LUXEMBOURG – 2.7%** |  |
| 409600 | Altice France Lux 3 / Altice Holdings 1<sup>(1),(3)</sup> | 6975313 |
| 3500 | Avation PLC, Warrants, 11/01/2026<sup>(10)</sup> | 1883 |
| 331734 | Bond HoldCo SA, Class A Shares<sup>(1),(3)</sup> |  |
| 328661 | Hawk TopCo SA I A<sup>(1),(3),(10)</sup> | 289498 |
| 328656 | Hawk TopCo SA II A<sup>(1),(3),(10)</sup> | 289493 |
| 328656 | Hawk TopCo SA III A<sup>(1),(3),(10)</sup> | 289493 |
| 328656 | Hawk TopCo SA IV A<sup>(1),(3),(10)</sup> | 289493 |
| 328656 | Hawk TopCo SA IX A<sup>(1),(3),(10)</sup> | 289493 |
| 328656 | Hawk TopCo SA V A<sup>(1),(3),(10)</sup> | 289493 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Description** | **Value** |
|  | **PRIVATE COMPANIES (continued)** |  |
|  | **LUXEMBOURG (continued)** |  |
| 328656 | Hawk TopCo SA VI A<sup>(1),(3),(10)</sup> | $289493 |
| 328656 | Hawk TopCo SA VII A<sup>(1),(3),(10)</sup> | 289493 |
| 328656 | Hawk TopCo SA VIII A<sup>(1),(3),(10)</sup> | 289493 |
| 328656 | Hawk TopCo SA X A<sup>(1),(3),(10)</sup> | 289493 |
| 1423492 | HSE Investment S.a.r.l CVR<sup>(1),(9)</sup> | 17 |
| 29130535 | Paper Industries TopCo, Ltd., Common Shares<sup>(1),(3)</sup> | 10264 |
| 1642591 | Takko, A Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, B Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, C Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, D Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, E Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, F Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, G Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, H Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, I Shares<sup>(1),(3),(10)</sup> |  |
| 1642591 | Takko, J Shares<sup>(1),(3),(10)</sup> |  |
|  |  | **9882412** |
|  | **NETHERLANDS – 0.5%** |  |
| 650714 | Compact Bidco BV, Common Shares<sup>(1),(3)</sup> | 1910583 |
| 1540083 | Sprint Intermediate Co B.V., Class B<sup>(1),(3)</sup> | 8471 |
| 548561 | Sprint Intermediate Co B.V., Class C<sup>(1),(3)</sup> | 3017 |
|  |  | **1922071** |
|  | **UNITED KINGDOM – 0.0%** |  |
| 5956 | Frigo Debtco PLC, Common Shares<sup>(1),(3)</sup> | 13990 |
| 9570 | Frigo Newco 1 Ltd., Common Shares<sup>(1),(3)</sup> | 22479 |
| 234 | Praesidiad, Ltd., Common Shares<sup>(1),(3)</sup> |  |
|  |  | **36469** |
|  | **TOTAL PRIVATE COMPANIES** <br> (Cost $8,770,760) | **12401999** |

---

---

| |
|:---|
| **Bluebay Destra International Event-Driven Credit Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **As of December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount or<br> Contracts** | **Description** | **Value** |
|  | **PURCHASED OPTIONS CONTRACTS – 0.4%** |  |
|  | **PUT OPTIONS – 0.4%** |  |
| 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 | $1524299 |
|  | **TOTAL PURCHASED OPTIONS CONTRACTS <br> (Cost $7,232,130)** | **1524299** |
|  | **SHORT-TERM INVESTMENTS – 12.4%** |  |
|  | **UNITED STATES – 12.4%** |  |
| 46140390 | BlackRock Liquidity Funds FedFund Portfolio – Institutional Class, 3.652%<sup>(12)</sup> | 46140390 |
|  | **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $46,140,390)** | **46140390** |
|  | **TOTAL INVESTMENTS – 98.8%** <br> (Cost $376,552,537) | **369439397** |
|  | Other Assets in Excess of Liabilities – 1.2% | 4306588 |
|  | **TOTAL NET ASSETS – 100.0%** | $**373745985** |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount or<br> Contracts** | **Description** | **Value** |
|  | **WRITTEN OPTIONS CONTRACT – (0.2)%** | |
|  | **PUT OPTIONS – (0.2)%** |  |
| (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 | $(821189) |
|  | **TOTAL WRITTEN OPTIONS CONTRACT<br> (Proceeds $3,970,319)** | $**(821189)** |

---

<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 December 31, 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 December 31, 2025, the total value of these securities is $20,472,073, representing 5.5% 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 December 31, 2025.

<sup>(13)</sup> No longer accruing interest.

<sup>(14)</sup> The company continues to pursue options for alternative Restructuring and M&A solutions with key creditors.

---

| |
|:---|
| **Bluebay Destra International Event-Driven Credit Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **As of December 31, 2025** |

---

At December 31, 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)** |
| Euro Currency | U.S. Dollar | 3/18/2026 | Citibank | 6239708 | $7353103 | $(27872) |
| Japanese Yen | U.S. Dollar | 3/18/2026 | Citibank | 1413524985 | 9074307 | (91435) |
| Norwegian Krone | U.S. Dollar | 3/18/2026 | Citibank | 20545111 | 2036406 | 20106 |
|  |  |  |  |  | $18463816 | $(99201) |
| U.S. Dollar | British Pound | 3/18/2026 | Citibank | 11301455 | $15198177 | $(65745) |
| U.S. Dollar | Euro Currency | 3/18/2026 | Citibank | 139973855 | 164950388 | (195562) |
| U.S. Dollar | Norwegian Krone | 3/18/2026 | Citibank | 634043590 | 62845622 | (34050) |
| U.S. Dollar | Swiss Franc | 3/18/2026 | Citibank | 2605743 | 3314355 | (8162) |
|  |  |  |  |  | $246308542 | $(303519) |
| **Total** |  |  |  |  |  | $(402720) |

---

At December 31, 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 | 12/20/2030 | EUR | 45080000 | $5645372 | $(5933752) | $(288380) |

---

<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 iTraxx Europe Crossover Series 44 version 1.

---

| |
|:---|
| **Bluebay Destra International Event-Driven Credit Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **As of December 31, 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 December 31, 2025 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Acquisition<br> Date** | **Cost** | **Value** | **% of<br> Net Assets** |
| Accell Group Holding B.V., 8.961% | 6/4/2025 | $3589622 | $264252 | 0.1% |
| Altice France Lux 3 / Altice Holdings 1 | 11/24/2025 | 7466567 | 6975313 | 1.9 |
| Bond HoldCo SA, Class A Shares | 5/31/2024 | 3601 |  |  |
| Compact Bidco BV, 12.000% | 11/25/2024 | 17923096 | 19438643 | 5.2 |
| Compact Bidco BV, 12.000% | 3/28/2025 | 4540379 | 4897853 | 1.3 |
| Compact Bidco BV, Common Shares | 11/28/2024 |  | 1910583 | 0.5 |
| FLOATEL INT LTD | 10/03/2024 | 422667 | 479269 | 0.1 |
| FLOATEL INT LTD, Warrants | 01/13/2021 | 27075 | 4 |  |
| Frigo Debtco PLC, Common Shares | 2/21/2023 |  | 13990 |  |
| Frigo Newco 1 Ltd., Common Shares | 10/30/2023 | 224493 | 22479 |  |
| Galileo Global Technologies Ltd, 13.750% | 02/14/2025 | 3317754 | 1924297 | 0.5 |
| Galileo Global Technologies Ltd, 13.750% | 12/10/2025 | 3340351 | 3682246 | 1 |
| Galileo Global Technologies Ltd, 13.750% | 12/30/2025 |  | 3340351 | 0.9 |
| Government of Bahamas, 8.425% | 7/30/2024 | 3033205 | 3390976 | 0.9 |
| HAWK MIDCO SARL, 7.000% | 11/10/2025 | 20072906 | 6905156 | 1.7 |
| Hawk TopCo SA I A | 11/10/2025 |  | 289498 | 0.1 |
| Hawk TopCo SA II A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA III A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA IV A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA IX A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA V A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA VI A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA VII A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA VIII A | 11/10/2025 |  | 289493 | 0.1 |
| Hawk TopCo SA X A | 11/10/2025 |  | 289493 | 0.1 |
| IFA Holding GmbH TL, 0.000% | 8/21/2023 | 99153 |  |  |
| IFA Holding GmbH TL, 7.954% | 8/21/2023 | 393916 | 329741 | 0.1 |
| IFA Holding GmbH TL, 8.355% | 2/11/2022 | 1463433 | 1124664 | 0.3 |
| IFA Holding GmbH TL, 8.355% | 2/11/2022 | 1324124 | 1017554 | 0.3 |
| Johanna 410 Vermögensverwaltungs GmbH | 3/26/2025 |  | 34 |  |
| Paper Industries TopCo, Ltd., Common Shares | 5/20/2019 | 626356 | 10264 |  |
| Petrofac Ltd., 4.300% | 1/22/2025 | 2125359 | 412222 | 0.1 |
| Praesidiad, Ltd., 0.000% | 2/21/2025 | 98539 | 83019 |  |
| Praesidiad, Ltd., 0.250% | 6/12/2024 | 6671378 | 25479 |  |
| Praesidiad, Ltd., 8.000% | 2/21/2025 | 402032 | 336229 | 0.1 |
| Praesidiad, Ltd., 9.598% | 6/12/2024 | 2758073 | 487302 | 0.1 |
| Praesidiad, Ltd., 10.598% | 11/8/2023 | 637164 | 535525 | 0.1 |
| Praesidiad, Ltd., 10.598% | 6/6/2024 | 329454 | 266870 | 0.1 |
| Praesidiad, Ltd., 10.598% | 6/11/2024 | 324570 | 266870 | 0.1 |
| Praesidiad, Ltd., Common Shares | 5/28/2024 |  |  |  |
| Prosafe SE, 11.000% | 07/09/2025 | 11503990 | 11662170 | 3.1 |
| Prosafe SE, 11.000% | 07/21/2025 | 5504764 | 4844192 | 1.3 |

---

---

| |
|:---|
| **Bluebay Destra International Event-Driven Credit Fund** |
| **Schedule of Investments (unaudited) (continued)** |
| **As of December 31, 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, 8.500% | 11/04/2025 | 17369888 | 17737722 | 4.7 |
| Takko Luxembourg TL, 15.000% | 2/23/2023 | 4681626 | 21608521 | 5.8 |
| Takko, A Shares | 2/23/2023 |  |  |  |
| Takko, B Shares | 2/23/2023 |  |  |  |
| Takko, C Shares | 2/23/2023 |  |  |  |
| Takko, D Shares | 2/23/2023 |  |  |  |
| Takko, E Shares | 2/23/2023 |  |  |  |
| Takko, F Shares | 2/23/2023 |  |  |  |
| Takko, G Shares | 2/23/2023 |  |  |  |
| Takko, H Shares | 2/23/2023 |  |  |  |
| Takko, I Shares | 2/23/2023 |  |  |  |
| Takko, J Shares | 2/23/2023 |  |  |  |
| Varta AG, 11.747% | 3/25/2025 | 5212594 | 5503146 | 1.5 |
| Varta AG, 5.497% | 3/26/2025 | 4677906 | 4039701 | 1.1 |
| Varta AG, 5.497% | 3/26/2025 | 370953 | 316209 | 0.1 |
| Varta AG, 5.497% | 3/26/2025 | 277197 | 88749 |  |
| Varta AG, 9.747% | 3/26/2025 | 3753187 | 3130813 | 0.8 |
| VARTA AKTIENGESELLSCHAFT | 3/26/2025 |  | 81739 |  |
| Varta Consumer Batteries GmbH, 11.747% | 3/25/2025 | 1028354 | 1096363 | 0.3 |
| **Total** |  | $135595726 | $131156932 | 35.1% |

---

## 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:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $659641053.44

**Total Liabilities:** $285895068.66

**Net Assets:** $373745984.78

**Cash Not Reported:** $26336191.54

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -189.54514500 | **5-Year:** -24985.49562400 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 1635.42732900 | **1-Year:** 21928.36698800 | **5-Year:** 31858.70147600 | **10-Year:** 1769.35602100 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.00%               | -0.09%               | -0.73%               |
| Class ID N/A | -0.95%               | -0.09%               | -0.70%               |
| Class ID N/A | -1.05%               | -0.14%               | -0.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1891760.11              | $-11811190.99                              |
| Month 2  | $-5122780.13             | $1614649.02                                |
| Month 3  | $-3872450.91             | $3116519.06                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BlackRock Liquidity Funds                        | BLKR-LIQ FED-INS          | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  46190390 | PA      | $46190389.91  | 12.36%            |  |  |  | No            |                  1 | 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      | $674.50       | 0.00%             | 2026-10-01      | Fixed         | 0.00%                 | 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      |
| 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      |
| Standard Profil Automotive Gmbh                  | STANDARD PROFIL           | CUSIP: N/A<br>LEI: 529900C8VRLXU0FJK109       | Long             | DBT              | CORP              | DE        |  15492441 | PA      | $17737722.30  | 4.75%             | 2030-01-01      | Fixed         | 8.50%                 | Yes           |                  3 | On Loan: No      |
| Hawk Midco S.a r.l.                              | HAWK MIDCO                | CUSIP: N/A<br>LEI: 529900C8VRLXU0FJK109       | Long             | DBT              | CORP              | LU        |   8251879 | PA      | $6905155.60   | 1.85%             | 2030-01-06      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Sprint Topco BV                                  | Accell A DD 1L EUR        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   5000000 | PA      | $264251.99    | 0.07%             | 2031-06-30      | Variable      | 9.02%                 | Yes           |                  3 | On Loan: No      |
| Compact Bidco BV TL 11/25/2029                   | Aurora SAS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | XX        |    650714 | NS      | $1910583.00   | 0.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SED Energy Holdings PLC                          | SED ENERGY HOLDI          | CUSIP: M8260M105<br>LEI: 213800ED88L967PGFK25 | Long             | EC               | CORP              | CY        |  12518714 | NS      | $10152136.74  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth of the Bahamas                      | Intl Bond TERM LOAN       | CUSIP: 0BAHTLA26<br>LEI: N/A                  | Long             | LON              | CORP              | BS        |   2700001 | PA      | $3390976.33   | 0.91%             | 2026-09-08      | Variable      | 8.24%                 | Yes           |                  3 | On Loan: No      |
| Odfjell Drilling Limited                         | ODFJELL DRILLING LTD      | CUSIP: G67180102<br>LEI: 529900M08ZU24JXMPB85 | Long             | EC               | CORP              | BM        |    869788 | NS      | $7545115.67   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL EUR                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |    302972 | PA      | $266870.03    | 0.07%             | 2026-06-30      | Variable      | 10.08%                | Yes           |                  3 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL B EUR                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |    302972 | PA      | $266870.03    | 0.07%             | 2026-06-30      | Variable      | 10.08%                | Yes           |                  3 | 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      | $336228.76    | 0.09%             | 2027-09-30      | Variable      | 10.08%                | Yes           |                  3 | 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      | $83019.45     | 0.02%             | 2027-09-30      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL HLD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |   6998095 | PA      | $25478.70     | 0.01%             | 2027-09-30      | Variable      | 0.25%                 | Yes           |                  3 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL B 1L EUR               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |    607971 | PA      | $535525.15    | 0.14%             | 2026-06-30      | Variable      | 10.08%                | Yes           |                  3 | On Loan: No      |
| Praesidiad Ltd TL HLD                            | TL OPCO EUR               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | XX        |   2944773 | PA      | $487302.43    | 0.13%             | 2027-12-31      | Variable      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| Prosafe SE (SN)                                  | PROSAFE SE                | CUSIP: R7S47J158<br>LEI: 2138001LK2Z2HSER4U15 | Long             | EC               | CORP              | NO        |  18748026 | NS      | $6969975.51   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | COLPAG TL B3 1L EUR       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |  12897358 | PA      | $8425710.47   | 2.25%             | 2027-11-30      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Sitel Group                                      | SITEL TL B 1L USD         | CUSIP: 82981MAC6<br>LEI: 5493007DS8CM3ZGION43 | Long             | LON              | CORP              | US        |   7350161 | PA      | $3050316.92   | 0.82%             | 2028-07-29      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| N/A                                              | SITEL TL B 1L EUR         | CUSIP: 82981MAD4<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |  15625155 | PA      | $6698120.38   | 1.79%             | 2028-08-28      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Petrofac Ltd                                     | PFCLN REV UNSEC USD       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | JE        |  13740719 | PA      | $412221.57    | 0.11%             | 2026-10-28      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                              | ARVOS BIDCO SARL          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |  10122550 | PA      | $9798054.38   | 2.62%             | 2027-08-30      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Alison Luxco SarL                                | ALIBID TL UNSEC EUR       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    790298 | PA      | $204197.10    | 0.05%             | 2027-11-29      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Alison Luxco 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      |
| Alison Luxco SarL                                | ALIBID TL UNSEC USD       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   3612981 | PA      | $3031887.45   | 0.81%             | 2027-08-30      | Variable      | 9.60%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ATOFP REV 1L EUR          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   8000000 | PA      | $8737932.49   | 2.34%             | 2029-12-18      | Variable      | 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        |   3315903 | PA      | $3541932.19   | 0.95%             | 2030-12-17      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ATOFP PIK-TERM 2L EUR     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   1128424 | PA      | $803783.27    | 0.22%             | 2032-12-17      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ACCEL TL 1L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   7637010 | PA      | $403619.00    | 0.11%             | 2030-05-31      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ACCEL TL 1L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   8047619 | PA      | $362325.26    | 0.10%             | 2030-05-31      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ACCEL TL 2L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   4589663 | PA      | $76111.67     | 0.02%             | 2031-06-30      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ACCEL TL 2L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   5369782 | PA      | $77255.34     | 0.02%             | 2031-06-30      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ACCEL TL 3L EUR           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | N/A       |   7359703 | PA      | $64956.86     | 0.02%             | 2031-06-30      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ALLOY FINCO LTD                                  | DONCAS PIK-TERM B 1L USD  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | JE        |    490000 | PA      | $1163750.00   | 0.31%             | 2028-03-06      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Floatel International Ltd.                       | FLOAT 9 3/4 04/10/29      | CUSIP: G3597XAP8<br>LEI: 549300WL84OZOSWF0U42 | Long             | DBT              | CORP              | BM        |  15875000 | PA      | $14848948.11  | 3.97%             | 2029-04-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Mobico Group PLC                                 | MCGLN 4 1/4 PERP          | CUSIP: G6374MAG4<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |   1904000 | PA      | $1544520.69   | 0.41%             | 2174-02-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mobico Group PLC                                 | MCGLN 4 7/8 09/26/31      | CUSIP: G6374MAH2<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |    996000 | PA      | $930326.91    | 0.25%             | 2031-09-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Nordic Trustee Services AS                       | NORDIC TRUSTEE SE         | CUSIP: R64524102<br>LEI: 5493004YN9S49G6IPL25 | Long             | EC               | CORP              | NO        |    439483 | NS      | $479268.85    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Floatel International Ltd                        | FLOATEL INT-CW            | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | BM        |    436438 | NS      | $4.36         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Frigo Debtco PLC                                 | FRIGOD 10 04/27/28        | CUSIP: G371C2AB6<br>LEI: 213800XKJS6211ACCH43 | Long             | DBT              | CORP              | GB        |  11703638 | PA      | $4501610.70   | 1.20%             | 2028-04-27      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Avation Plc                                      | AVATION PLC-CW26          | CUSIP: G0713X132<br>LEI: 213800KA972GUP1B6I78 | Long             | DO               | CORP              | GB        |      3500 | NS      | $1883.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Paper Industries Intermediate Financing S.a.r.l. | LECTA FLOAT 09/01/28      | CUSIP: L7404YAE9<br>LEI: 222100X9KI2QKRFRDO96 | Long             | DBT              | CORP              | LU        |   7713534 | PA      | $385015.39    | 0.10%             | 2028-09-01      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Paper Industries Intermediate Financing S.a.r.l. | LECTA FLOAT 09/01/28      | CUSIP: N/A<br>LEI: 222100X9KI2QKRFRDO96       | Long             | DBT              | CORP              | LU        |    697316 | PA      | $34806.02     | 0.01%             | 2028-09-01      | Floating      | 8.56%                 | Yes           |                  2 | On Loan: No      |
| Ferralum Metals Group SA                         | FERMET 10 12/30/26        | CUSIP: L3550XAA0<br>LEI: 391200QYE9KWH30NSP86 | Long             | DBT              | CORP              | LU        |   3749462 | PA      | $242196.24    | 0.06%             | 2026-12-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NCO Invest S.A.                                  | NCOINV 10 12/30/26        | CUSIP: L67141AA6<br>LEI: 894500E169R5PJMZQT84 | Long             | DBT              | CORP              | LU        |  10536245 | PA      | $1423.05      | 0.00%             | 2026-12-30      | Fixed         | 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      | $57108.45     | 0.02%             | 2026-12-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Mcom Investments Ltd.                            | MCOMIN 20 09/30/26        | CUSIP: G5940ZAA5<br>LEI: 391200E7HZ2TYSSYER03 | Long             | DBT              | CORP              | GB        |   1153513 | PA      | $1034003.25   | 0.28%             | 2026-09-30      | Fixed         | 20.00%                | No            |                  2 | On Loan: No      |
| Jacktel AS                                       | JACKTEL AS                | CUSIP: R35277103<br>LEI: 549300TH27ADF0CT8150 | Long             | EC               | CORP              | NO        |   9760901 | NS      | $4209433.01   | 1.13%             |  |  |  | No            |                  1 | 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      | $215056.26    | 0.06%             | 2028-03-01      | Floating      | 10.06%                | Yes           |                  3 | On Loan: No      |
| Frigo Debtco PLC                                 | FRIGOD 12 04/27/26        | CUSIP: G371C2AA8<br>LEI: 213800XKJS6211ACCH43 | Long             | DBT              | CORP              | GB        |   5809077 | PA      | $5567151.52   | 1.49%             | 2026-04-27      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Jacktel AS                                       | MAMANO 10 10/10/29        | CUSIP: R35277AG8<br>LEI: 549300TH27ADF0CT8150 | Long             | DBT              | CORP              | NO        |   7000000 | PA      | $7037756.18   | 1.88%             | 2029-10-10      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OCV Recovery AS                                  | TAUBAT 2 12/31/26         | CUSIP: R11939AA4<br>LEI: 5493008CFUC2FWBPTK19 | Long             | DBT              | CORP              | NO        |    352214 | PA      | $244426.95    | 0.07%             | 2026-12-31      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Moreld ASA                                       | MORELD AS                 | CUSIP: R4568A104<br>LEI: 6488UNV33KXZ9498L870 | Long             | EC               | CORP              | NO        |   5589340 | NS      | $10406400.93  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Atos SE                                          | ATOFP 1 12/18/32          | CUSIP: F04805EU1<br>LEI: 5493001EZOOA66PTBR68 | Long             | DBT              | CORP              | FR        |   8088000 | PA      | $6293418.55   | 1.68%             | 2032-12-18      | Floating      | 1.04%                 | No            |                  2 | On Loan: No      |
| Moreld ASA                                       | MORLD 9 7/8 02/11/30      | CUSIP: R4568AAA2<br>LEI: 6488UNV33KXZ9498L870 | Long             | DBT              | CORP              | NO        |   3000000 | PA      | $3079478.49   | 0.82%             | 2030-02-11      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Constellation Oil Services Holding SA            | CONSTELLATION OI          | CUSIP: R2R90R117<br>LEI: 5493005YJTU769NW5I10 | Long             | EC               | CORP              | LU        |   1549246 | NS      | $18277289.14  | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Atos SE                                          | ATOS SE                   | CUSIP: F04805275<br>LEI: 5493001EZOOA66PTBR68 | Long             | EC               | CORP              | FR        |     65590 | NS      | $3864715.08   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Galileo Global Technologies Ltd.                 | GALLEO 13 3/4 03/04/28    | CUSIP: YR3674946<br>LEI: 213800YIJLJT8TLZHT73 | Long             | DBT              | CORP              | GB        |   3317754 | PA      | $1924297.32   | 0.51%             | 2028-03-04      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Bos GmbH & Co.KG                                 | BOSGMB FLOAT 06/25/29     | CUSIP: D1R2ZSAA9<br>LEI: 529900XO8NUCKQJFB816 | Long             | DBT              | CORP              | DE        |   2700000 | PA      | $3117915.36   | 0.83%             | 2029-06-25      | Floating      | 11.02%                | No            |                  2 | On Loan: No      |
| GYM Group PLC                                    | GYM GROUP PLC             | CUSIP: G42114101<br>LEI: 213800VCU9TBANZIN455 | Long             | EC               | CORP              | GB        |   6499851 | NS      | $13026454.32  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1347575 | NC      | $-4221.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1476272 | NC      | $-804.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - EUR   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   4557128 | NC      | $-22845.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - JPY   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   9165742 | NC      | $-91434.72    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - NOK   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    997802 | NC      | $8595.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - NOK   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   1018498 | NC      | $11509.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |   2605743 | NC      | $-8161.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  10784709 | NC      | $-64878.56    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       | 139973854 | NC      | $-195561.99   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       | 623541086 | NC      | $-36347.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |    516746 | NC      | $-866.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | CURRENCY CONTRACT - USD   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |  10502503 | NC      | $2297.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Compact Bidco BV TL 11/25/2029                   | TL 11/25/2029             | CUSIP: 0CMPCTB22<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |  16889007 | PA      | $19438642.57  | 5.20%             | 2029-11-25      | Variable      | 12.00%                | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | AG NM TL EUR              | CUSIP: 0DM243251<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   4733039 | PA      | $5503145.50   | 1.47%             | 2027-12-31      | Variable      | 11.77%                | Yes           |                  3 | On Loan: No      |
| Montana Tech Components AG                       | CONSUMER NM TL EUR        | CUSIP: 0DM243252<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    942938 | PA      | $1096362.75   | 0.29%             | 2027-12-31      | Variable      | 11.77%                | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | Varta AGTL A1 EUR         | CUSIP: 0DM243253<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   5058300 | PA      | $4039701.21   | 1.08%             | 2027-12-31      | Variable      | 5.52%                 | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | Varta AGTL A2 EUR         | CUSIP: 0DM243254<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    401849 | PA      | $316208.56    | 0.08%             | 2027-12-31      | Variable      | 5.52%                 | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | Varta AGTL B EUR          | CUSIP: 0DM243255<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   4101173 | PA      | $3130813.40   | 0.84%             | 2027-12-31      | Variable      | 9.77%                 | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | Varta AGTL C EUR          | CUSIP: 0DM243256<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    431808 | PA      | $88749.11     | 0.02%             | 2027-12-31      | Variable      | 5.52%                 | Yes           |                  3 | On Loan: No      |
| Compact Bidco BV TL 11/25/2029                   | Compact Bidco BV          | CUSIP: 0DM260325<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   4170326 | PA      | $4897852.85   | 1.31%             | 2029-06-30      | Variable      | 12.00%                | 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      |
| Frigo Newco 1 Ltd                                | NEW TOP CO SHARES         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |      5956 | NS      | $13990.09     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Frigo Newco 1 Ltd                                | NEW TOP CO SHARES         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |      9570 | NS      | $22479.04     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Galileo Global Technologies Ltd.                 | Galileo?Tech 0 3/4/2028   | CUSIP: G37707AA7<br>LEI: 213800YIJLJT8TLZHT73 | Long             | DBT              | CORP              | GB        |    668402 | PA      | $0.07         | 0.00%             | 2028-03-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Galileo Global Technologies Ltd.                 | GGT 13.75% 03/04/2028     | CUSIP: G37707AB5<br>LEI: 213800YIJLJT8TLZHT73 | Long             | DBT              | CORP              | GB        |   3682246 | PA      | $3682246.00   | 0.99%             | 2028-03-04      | Fixed         | 13.75%                | Yes           |                  3 | On Loan: No      |
| Galileo Global Technologies Ltd.                 | GGT B 13.75% 03/04/2028   | CUSIP: G37707AC3<br>LEI: 213800YIJLJT8TLZHT73 | Long             | DBT              | CORP              | GB        |   3340351 | PA      | $3340351.00   | 0.89%             | 2028-03-04      | Fixed         | 13.75%                | Yes           |                  3 | On Loan: No      |
| Petrofac Ltd.                                    | PFCLN 9 3/4 11/15/26      | CUSIP: G7052TAF8<br>LEI: 2138004624W8CKCSJ177 | Long             | DBT              | CORP              | JE        |   3870000 | PA      | $198337.50    | 0.05%             | 2026-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Ventura Offshore Midco Ltd.                      | VTURAM 10 04/19/27        | CUSIP: G73103AA4<br>LEI: 529900O0CO2ZATPMF847 | Long             | DBT              | CORP              | NO        |   8391890 | PA      | $8537013.64   | 2.28%             | 2027-04-19      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK I A                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328661 | NS      | $289497.75    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK II A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK III A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK IV A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK IX A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK V A                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK VI A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK VII A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK VIII A               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hawk TopCo SA                                    | HAWK X A                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    328656 | NS      | $289493.34    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BOND HOLDCO S.A.                                 | BOND HOLDCO S.A.          | CUSIP: N/A<br>LEI: 21380031BLVJWZHEI632       | Long             | EC               | CORP              | LU        |    331734 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PSMA Holding Sarl                                | HSE Investment CVR        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1423492 | NS      | $16.71        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aequita SE & Co KGaA                             | TL2 EUR                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1368010 | PA      | $1124664.35   | 0.30%             | 2026-03-31      | Variable      | 8.00%                 | Yes           |                  3 | On Loan: No      |
| Aequita SE & Co KGaA                             | TL3 EUR                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1237723 | PA      | $1017553.59   | 0.27%             | 2026-03-31      | Variable      | 8.00%                 | Yes           |                  3 | On Loan: No      |
| Aequita SE & Co KGaA                             | TL EUR                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    387717 | PA      | $0.00         | 0.00%             | 2029-03-31      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Aequita SE & Co KGaA                             | TL EUR                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    401087 | PA      | $329740.56    | 0.09%             | 2026-03-31      | Variable      | 8.08%                 | Yes           |                  3 | On Loan: No      |
| ITRAXX EUROPE CROSSOVER SERIES 44                | ITRX XOV CDSI S44 5Y V1 6 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  45080000 | PA      | $-5860217.87  | -1.57%            |  |  |  | No            |                  2 | On Loan: No      |
| Lecta SA                                         | LECTA EQUITY              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |  29130535 | NS      | $10263.74     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Prosafe SE                                       | PRSNONMT TL               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NO        |  11503990 | PA      | $11662169.59  | 3.12%             | 2029-12-31      | Variable      | 10.79%                | Yes           |                  3 | On Loan: No      |
| Prosafe SE                                       | PRSNO REINSTATED TL USD   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5504764 | PA      | $4844192.44   | 1.30%             | 2029-12-31      | Variable      | 10.79%                | 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      |
| Sprint Intermediate Co B.V.                      | 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      |
| Sprint Intermediate Co B.V.                      | 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      |
| N/A                                              | SX5E 06/19/26 P4000       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -4570 | NC      | $-821189.49   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | SX5E 06/19/26 P4500       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      4570 | NC      | $1524299.44   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS A             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS B             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS C             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS D             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS E             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS F             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS G             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS H             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS I             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TAKKO CLASS J             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |   1642591 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Salsa Retail Holding TopCo Sar                   | TL PIK 12/9/2026          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3366659 | PA      | $21608521.28  | 5.78%             | 2026-12-09      | Variable      | 15.00%                | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | VARTA AG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |   3479875 | NS      | $81739.01     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Varta AG                                         | VARTA AG                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |   2864834 | NS      | $33.65        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Altice France Lux 3 / Altice H                   | ALTICE FRANCE LU          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    409600 | NS      | $6975312.99   | 1.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cullinan Holdco SCSp                             | GRAANU Float 10/15/29     | CUSIP: N/A<br>LEI: 549300F81ZP47K818173       | Long             | DBT              | CORP              | LU        |   3096000 | PA      | $3170669.29   | 0.85%             | 2029-10-15      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Cullinan Holdco SCSp                             | GRAANU 8 1/2 10/15/29     | CUSIP: YL7586313<br>LEI: 549300F81ZP47K818173 | Long             | DBT              | CORP              | LU        |   8277069 | PA      | $8539408.80   | 2.28%             | 2029-10-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Bluebay Destra International Event-Driven Credit Fund

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Chief Financial Officer