| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| BlackRock Liquidity FedFund, Class Institutional | 23.02 mm | 23.02 mm principal | 7.68 | Short-term investment vehicle | Long | USA |
| LEONI Bordnetz-Syste GMBH TERM LOAN / | 16.72 mm | 17.73 mm principal | 5.57 | Loan | Long | Germany |
|
Gym Group PLC
|
14.21 mm | 6.88 mm shares | 4.74 | Common equity | Long | UK |
| Voyage Care BondCo PLC | 12.40 mm | 9.77 mm principal | 4.14 | Debt | Long | UK |
| Ventura Offshore Midco, Ltd. | 11.67 mm | 11.50 mm principal | 3.89 | Debt | Long | Bermuda |
| Floatel International, Ltd. | 11.35 mm | 11.75 mm principal | 3.79 | Debt | Long | Bermuda |
|
DOF Group ASA
|
11.09 mm | 1.33 mm shares | 3.70 | Common equity | Long | Norway |
| Cruise Yacht Upper HoldCo, Ltd. | 10.30 mm | 10.00 mm principal | 3.43 | Debt | Long | Malta |
| BAHAMAS GOVT Intl Bond TERM LOAN / | 9.60 mm | 8.10 mm principal | 3.20 | Loan | Long | Bahamas |
| Adler Financing Sarl | 8.96 mm | 7.70 mm principal | 2.99 | Debt | Long | Luxembourg |
| Samhallsbyggnadsbolaget i Norden AB | 8.55 mm | 8.74 mm principal | 2.85 | Debt | Long | Sweden |
| Deoleo SA | 8.15 mm | 7.70 mm principal | 2.72 | Loan | Long | Spain |
| Compact Bidco BV TL 9/30/2024 / | 8.10 mm | 6.48 mm principal | 2.70 | Loan | Long | Netherlands |
|
KCA Deutag Reorg EQU /
|
8.08 mm | 107.33 k shares | 2.69 | Common equity | Long | UK |
| DEMIRE Deutsche Mittelstand Real Estate AG | 7.80 mm | 8.20 mm principal | 2.60 | Debt | Long | Germany |
| International Petroleum Corp. | 7.20 mm | 7.30 mm principal | 2.40 | Debt | Long | Canada |
| VTDRF Vantage Drilling International | 7.11 mm | 245.22 k shares | 2.37 | Common equity | Long | USA |
| gategroup Finance Luxembourg SA | 6.68 mm | 6.30 mm principal | 2.23 | Debt | Long | Luxembourg |
|
Ventura Offshore Holding, Ltd.
|
6.14 mm | 2.27 mm shares | 2.05 | Common equity | Long | Brazil |
| Borr IHC, Ltd. / Borr Finance LLC | 5.87 mm | 5.64 mm principal | 1.96 | Debt | Long | XX |
| Dummy Set-up for ticker DUMMY US | 5.24 mm | 5.42 mm principal | 1.75 | Loan | Long | USA |
| Odfjell Rig III, Ltd. | 4.95 mm | 4.72 mm principal | 1.65 | Debt | Long | Bermuda |
| Samos Energy Infrastructure, Ltd. | 4.91 mm | 4.80 mm principal | 1.64 | Debt | Long | Jersey |
| Takko Luxembourg TL B 11/9/2026 / | 4.45 mm | 4.05 mm principal | 1.48 | Loan | Long | USA |
| Lecta Paper Industries Intermediate Financing Sarl | 4.08 mm | 6.90 mm principal | 1.36 | Debt | Long | Luxembourg |
|
Odfjell Drilling, Ltd.
|
3.26 mm | 674.59 k shares | 1.09 | Common equity | Long | Norway |
| Praesidiad, Ltd. TL HLD / | 2.97 mm | 7.00 mm principal | 0.99 | Loan | Long | XX |
| Dummy Set-up for ticker DUMMY US | 2.94 mm | 3.44 mm principal | 0.98 | Loan | Long | USA |
| Praesidiad, Ltd. TL OPCO EUR / | 2.88 mm | 2.94 mm principal | 0.96 | Loan | Long | XX |
| SX5E 6/20/25 P4000 EURO STOXX 50 IDX / | 2.86 mm | 4.61 k contracts | 0.95 | Equity derivative | Long | XX |
| KCA Deutag UK Finance PLC | 2.80 mm | 2.78 mm principal | 0.93 | Debt | Long | UK |
|
Jacktel AS
|
2.59 mm | 9.76 mm shares | 0.87 | Common equity | Long | Norway |
| Frigo Debtco PLC | 2.42 mm | 7.08 mm principal | 0.81 | Debt | Long | UK |
| Gulf Marine Middle East FZE | 2.38 mm | 2.41 mm principal | 0.79 | Loan | Long | United Arab Emirates |
| Varta AG | 2.24 mm | 6.68 mm principal | 0.75 | Loan | Long | Germany |
| Borr IHC, Ltd. / Borr Finance LLC | 2.06 mm | 1.95 mm principal | 0.69 | Debt | Long | XX |
| KCA Deutag Pikco PLC | 1.97 mm | 1.90 mm principal | 0.66 | Debt | Long | UK |
| Takko Luxembourg TL PIK 12/9/2026 / | 1.87 mm | 1.56 mm principal | 0.63 | Loan | Long | USA |
| Compact Bidco BV | 1.80 mm | 23.10 mm principal | 0.60 | Debt | Long | Netherlands |
| Varta AG | 1.66 mm | 4.95 mm principal | 0.55 | Loan | Long | Germany |
| Frigo Debtco PLC | 1.61 mm | 1.77 mm principal | 0.54 | Debt | Long | UK |
| Ferralum Metals Group SA | 1.47 mm | 3.75 mm principal | 0.49 | Debt | Long | Luxembourg |
| Transcom Holding AB | 1.26 mm | 1.67 mm principal | 0.42 | Debt | Long | Sweden |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
Wells Fargo Bank, National Association
|
1.24 mm | 13.07 mm other units | 0.41 | DFE | N/A | Norway |
| IFA Holding GmbH TL2 EUR / | 1.22 mm | 1.37 mm principal | 0.41 | Loan | Long | Germany |
|
Borr Drilling, Ltd.
|
1.20 mm | 217.86 k shares | 0.40 | Common equity | Long | Bermuda |
| Mcom Investments, Ltd. | 1.14 mm | 1.15 mm principal | 0.38 | Debt | Long | UK |
| IFA Holding GmbH TL3 EUR / | 1.11 mm | 1.24 mm principal | 0.37 | Loan | Long | Germany |
| REM Saltire Holding AS | 851.23 k | 9.03 mm principal | 0.28 | Debt | Long | Norway |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
Brown Brothers Harriman
|
838.54 k | 8.84 mm other units | 0.28 | DFE | N/A | Norway |
|
EUR FORWARD DESTRA CONTRACT 12/17/2024 /
Morgan Stanley & Co. LLC
|
825.74 k | 739.14 k other units | 0.28 | DFE | N/A | XX |
| PRAESIDIAD, Ltd. TL 10/04/2024 / | 654.46 k | 586.39 k principal | 0.22 | Loan | Long | XX |
| Hurtigruten Newco AS | 573.11 k | 6.73 mm principal | 0.19 | Loan | Long | Norway |
| OCV Recovery AS | 532.97 k | 801.95 k principal | 0.18 | Debt | Long | Norway |
| AHMADHAMADAL CLAIM 2 GOSAIBI BROS TL -EUR / | 468.75 k | 8.40 mm principal | 0.16 | Loan | Long | Saudi Arabia |
|
LECTA EQUITY /
|
373.89 k | 29.13 mm shares | 0.12 | Common equity | Long | Luxembourg |
| Lecta Paper Industries Intermediate Financing Sarl | 369.23 k | 624.20 k principal | 0.12 | Debt | Long | Luxembourg |
| TEIDE PTE, Ltd. 1L PIK - EUR / | 360.92 k | 587.96 k principal | 0.12 | Loan | Long | Singapore |
| IFA Holding GmbH TL EUR / | 358.11 k | 401.09 k principal | 0.12 | Loan | Long | Germany |
| Praesidiad, Ltd. TL EUR / | 338.14 k | 302.97 k principal | 0.11 | Loan | Long | XX |
| Praesidiad, Ltd. TL B EUR / | 313.09 k | 280.53 k principal | 0.10 | Loan | Long | XX |
| TEIDE PTE, Ltd. 2L 8% PIK TOGGL -EUR / | 289.31 k | 1.22 mm principal | 0.10 | Loan | Long | Singapore |
| Arvos Holdco SARL | 288.86 k | 790.30 k principal | 0.10 | Loan | Long | Luxembourg |
| Lecta Paper Industries Intermediate Financing Sarl | 264.27 k | 252.57 k principal | 0.09 | Debt | Long | Luxembourg |
| GBP SPOT FORWARD CONTRACT / | 234.74 k | 175.00 k other units | 0.08 | Short-term investment vehicle | Long | UK |
|
TAKKO CLASS H EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS I EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS J EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS A EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS B EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS C EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS D EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS E EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS F EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
|
TAKKO CLASS G EQUITY /
|
203.48 k | 424.00 k shares | 0.07 | Common equity | Long | Luxembourg |
| AHMADHAMADAL CLAIM 1 GOSAIBI BROS TL -EUR / | 180.80 k | 3.24 mm principal | 0.06 | Loan | Long | Saudi Arabia |
| Arvos Holdco SARL | 179.67 k | 593.94 k principal | 0.06 | Loan | Long | Luxembourg |
| AHMAD HAMAD AL GOSAIBI BROS TL / | 152.38 k | 3.05 mm principal | 0.05 | Loan | Long | Saudi Arabia |
|
BOND HOLDCO S.A. CLASS A /
|
55.54 k | 331.73 k shares | 0.02 | Common equity | Long | XX |
| NORWEGIAN KRONE / | 47.75 k | 502.91 k other units | 0.02 | Short-term investment vehicle | Long | Norway |
| IFA Holding GmbH TL EUR / | 44.76 k | 401.09 k principal | 0.01 | Loan | Long | Germany |
| NCO Invest SA | 37.63 k | 10.54 mm principal | 0.01 | Debt | Long | Luxembourg |
| Voyager Aviation Holdings LLC | 33.56 k | 98.71 k principal | 0.01 | Debt | Long | USA |
|
NEW TOP Co. SHARES /
|
32.04 k | 9.57 k shares | 0.01 | Common equity | Long | Netherlands |
|
NEW TOP Co. SHARES /
|
19.94 k | 5.96 k shares | 0.01 | Common equity | Long | XX |
| NCO Invest SA | 18.02 k | 3.89 mm principal | 0.01 | Debt | Long | Luxembourg |
| House of Fraser Funding PLC | 10.38 k | 7.51 mm principal | 0.00 | Debt | Long | UK |
| GREAT BRITAIN POUND / | 7.16 k | 5.34 k other units | 0.00 | Short-term investment vehicle | Long | UK |
| AVIATION WARRANTS WARRANTS 07/20/2021 / | 1.29 k | 3.50 k contracts | 0.00 | Equity derivative | Long | Luxembourg |
| POLISH ZLOTY / | 1.21 k | 4.64 k other units | 0.00 | Short-term investment vehicle | Long | Poland |
| SWISS FRANC / | 1.00 k | 844.10 other units | 0.00 | Short-term investment vehicle | Long | Switzerland |
| Quintis Australia Pty, Ltd. | 665.96 | 8.54 k principal | 0.00 | Debt | Long | Australia |
| LECTA WARRANTS WARRANTS 07/17/2025 / | 266.62 | 20.77 k contracts | 0.00 | Equity derivative | Long | Denmark |
|
VOYAGER PREF SHARE /
|
3.84 | 384.00 shares | 0.00 | Common equity | Long | USA |
|
VOYAGER NEW EQUITY /
|
0 | 64.00 shares | 0.00 | Common equity | Long | USA |
| Quintis Australia Pty, Ltd. | 0 | 117.00 k principal | 0.00 | Debt | Long | Australia |
|
MULCEN Reorg EQUITY /
|
0 | 24.60 mm shares | 0.00 | Common equity | Long | XX |
|
PRAESIDIAD TopCo, Ltd. /
|
0 | 234.00 shares | 0.00 | Common equity | Long | XX |
| Floatel International, Ltd. | 0 | 436.44 k contracts | 0.00 | Equity derivative | N/A | Norway |
|
QUINTIS EQUITY /
|
0 | 65.00 k shares | 0.00 | Common equity | Long | USA |
| TURKISH LIRA / | 0 | 0.01 other units | 0.00 | Short-term investment vehicle | Long | Turkey |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
JP Morgan
|
-16.59 k | -175.00 k other units | -0.01 | DFE | N/A | Norway |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
State Street Bank and Trust Company
|
-71.11 k | -750.00 k other units | -0.02 | DFE | N/A | Norway |
|
GBP FORWARD DESTRA CONTRACT 12/17/2024 /
Natwest
|
-234.02 k | -175.00 k other units | -0.08 | DFE | N/A | UK |
|
GBP FORWARD DESTRA CONTRACT 12/17/2024 /
Natwest
|
-501.47 k | -375.00 k other units | -0.17 | DFE | N/A | UK |
| EURO CURRENCY / | -548.92 k | -491.83 k other units | -0.18 | Short-term investment vehicle | Short | XX |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
Brown Brothers Harriman
|
-889.30 k | -9.38 mm other units | -0.30 | DFE | N/A | Norway |
| SX5E 6/20/25 P3500 EURO STOXX 50 IDX / | -1.48 mm | -4.61 k contracts | -0.49 | Equity derivative | Short | XX |
|
GBP FORWARD DESTRA CONTRACT 12/17/2024 /
Wells Fargo Bank, National Association
|
-1.65 mm | -1.23 mm other units | -0.55 | DFE | N/A | UK |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
Morgan Stanley & Co. LLC
|
-2.18 mm | -23.00 mm other units | -0.73 | DFE | N/A | Norway |
| ITRX XOV CDSI S41 5Y V1 6/20/29 LIAB / | -2.72 mm | 26.49 mm contracts | -0.91 | Credit derivative | N/A | XX |
|
EUR FORWARD DESTRA CONTRACT 12/17/2024 /
Natwest
|
-3.07 mm | -2.75 mm other units | -1.02 | DFE | N/A | XX |
|
EUR FORWARD DESTRA CONTRACT 12/17/2024 /
State Street Bank and Trust Company
|
-5.87 mm | -5.25 mm other units | -1.96 | DFE | N/A | XX |
|
CHF FORWARD DESTRA CONTRACT 12/17/2024 /
State Street Bank and Trust Company
|
-16.11 mm | -13.51 mm other units | -5.37 | DFE | N/A | Switzerland |
|
NOK FORWARD DESTRA CONTRACT 12/17/2024 /
Morgan Stanley & Co. LLC
|
-23.97 mm | -252.81 mm other units | -7.99 | DFE | N/A | Norway |
|
GBP FORWARD DESTRA CONTRACT 12/17/2024 /
Brown Brothers Harriman
|
-24.53 mm | -18.35 mm other units | -8.18 | DFE | N/A | UK |
|
EUR FORWARD DESTRA CONTRACT 12/17/2024 /
Natwest
|
-94.41 mm | -84.51 mm other units | -31.48 | DFE | N/A | XX |
