| UNITED STS TREAS BILLS 0.0 29OCT24 | 10.87 | 8,200,000 |
| UNITED STS TREAS BILLS 0.0 14JAN25 | 8.80 | 6,700,000 |
| Estimated Cash | 4.12 | 3,097,059 |
| ANNALY CAP COM USD0.01(POST REV SPL | 3.29 | 123,200 |
| QURATE RETAIL INC 8.0 CUM PFD | 2.34 | 40,447 |
| NEW ECONOMY ASSET 2.41 20OCT61 144A | 2.10 | 1,750,000 |
| OCTANE RECEIVABLES 0.0 20DEC29 144A | 2.05 | 12,121 |
| HAWAIIAN BRAND IN 11.0 15APR29 144A | 2.05 | 1,500,000 |
| CARVANA CO 5.625 01OCT25 144A | 2.02 | 1,500,000 |
| LUMEN TECHNOLOGIES 7.6 15SEP39 | 1.99 | 2,175,000 |
| RITHM CAPI COM NPV | 1.99 | 134,800 |
| NEW YORK CMNTY 8.26934 06NOV28 FRN | 1.86 | 1,500,000 |
| AGNC INV C COM USD0.01 | 1.84 | 132,000 |
| AZUL INVESTMENTS LLP 5.875 26OCT24 | 1.77 | 1,800,000 |
| RADNOR RE 202 0.01 25SEP34 144A FRN | 1.56 | 1,150,000 |
| RITHM CAPITAL CORP 6.375 CUM PFD | 1.52 | 47,696 |
| RITHM CAPITAL CORP 7.0 CUM PFD | 1.47 | 45,564 |
| STARWOOD PPTY TR 7.25 01APR29 144A | 1.45 | 1,000,000 |
| GLOBAL ATLANT 7.95 15OCT54 144A FRN | 1.42 | 1,000,000 |
| RITHM CAPITAL CORP 8.0 01APR29 144A | 1.40 | 1,000,000 |
| SANTANDER UK GROU 6.833 21NOV26 FRN | 1.39 | 1,000,000 |
| PENNYMAC CORP 8.5 01JUN29 144A | 1.38 | 1,000,000 |
| ARES LIV CLO 12.90298 15OCT32 144A | 1.37 | 1,000,000 |
| KKR STATIC C 11.50201 20JUL31 144A | 1.36 | 1,000,000 |
| DANSKE BK A/ 6.466 09JAN26 144A FRN | 1.35 | 1,000,000 |
| HTAP ISSUER TR 202 6.5 25APR42 144A | 1.32 | 1,000,000 |
| HERTZ VEH FING II 6.56 25SEP26 144A | 1.31 | 1,000,000 |
| MEXICO(UTD 10 GTD SNR 05/12/2024 M | 1.31 | 18,800,000 |
| FLAGSTAR BANCORP 4.125 01NOV30 FRN | 1.30 | 1,109,000 |
| ANCHORAGE CA 13.01298 15OCT34 144A | 1.30 | 1,000,000 |
| FINANCIAL SEC 6.4 15DEC66 144A FRN | 1.26 | 1,000,000 |
| TENNECO INC 8.0 17NOV28 144A | 1.25 | 1,000,000 |
| UNITI GROUP LP / U 6.5 15FEB29 144A | 1.17 | 1,000,000 |
| SELECT INCOME REIT 4.5 01FEB25 | 1.17 | 1,000,000 |
| NRG ENERGY I 10.25 31DEC49 144A FRN | 1.15 | 767,000 |
| OFFICE PPTYS INCOM 9.0 31MAR29 144A | 1.11 | 850,000 |
| NAVIENT PRIVATE ED 0.0 15JUL69 144A | 1.10 | 2,222 |
| LINCOLN NATL CO 7.72066 17MAY66 FRN | 1.07 | 1,000,000 |
| VALARIS LTD 8.375 30APR30 144A | 1.06 | 750,000 |
| FEDERATED RETAIL HLDG 6.375 15MAR37 | 0.89 | 750,000 |
| GRUBHUB HLDGS INC 5.5 01JUL27 144A | 0.88 | 700,000 |
| CHIMERA INVT CORP 11.38417 CUM PFD | 0.82 | 24,800 |
| BANK NOVA SCOTIA 8.2137 31DEC79 FRN | 0.80 | 600,000 |
| EGYPT GOVERNMENT INTE 7.903 21FEB48 | 0.78 | 750,000 |
| TRANSCANADA TR 5.625 20MAY75 FRN | 0.78 | 578,000 |
| ALTICE FRANCE HLD 10.5 15MAY27 144A | 0.77 | 1,500,000 |
| UNITI GROUP LP / 10.5 15FEB28 144A | 0.77 | 543,000 |
| PEARL MERGER SUB 6.75 01OCT28 144A | 0.76 | 600,000 |
| ENTERPRISE PRODS 5.375 15FEB78 FRN | 0.71 | 550,000 |
| BAHAMAS COMWLTH 9.0 16JUN29 144A | 0.71 | 500,000 |
| ADAMS OUTDOOR ADV 8.81 15JUL53 144A | 0.70 | 500,000 |
| ARMOUR RES COM USD0.001(POST REV SP | 0.68 | 25,000 |
| CIFC FDG 202 8.96298 15JAN34 144A F | 0.68 | 500,000 |
| MFA FINL INC 8.875 PFD | 0.68 | 20,000 |
| PANAMA REP 6.853 28MAR54 | 0.68 | 500,000 |
| QVC INC 6.875 15APR29 144A | 0.67 | 600,000 |
| SABINE PASS LIQUEFACT 5.625 01MAR25 | 0.65 | 488,000 |
| SIERRACOL ENERGY A 6.0 15JUN28 144A | 0.62 | 500,000 |
| GOODGREEN 2024-1 L 8.5 15JUL56 144A | 0.61 | 462,000 |
| CHIMERA INVT CORP 7.75 CUM PFD | 0.60 | 20,000 |
| DEUTSCHE BK A G 7.5 31DEC49 | 0.55 | 400,000 |
| KOHLS CORP 6.875 15DEC37 | 0.55 | 500,000 |
| NYMT LN TR S 6.903 25SEP39 144A FRN | 0.53 | 400,000 |
| AZUL INVESTMENTS LLP 7.25 15JUN26 | 0.50 | 650,000 |
| APOLLO COML REAL 4.625 15JUN29 144A | 0.48 | 400,000 |
| DANSKE BANK A/S 7.0 31DEC49 FRN | 0.48 | 350,000 |
| FRONTIER ISSUER L 11.5 20AUG53 144A | 0.43 | 300,000 |
| MC BRAZIL DOWNSTR 7.25 30JUN31 144A | 0.43 | 397,712 |
| WEWORK INC USD 0.0001 | 0.43 | 20,956 |
| FRONTIER ISSUER LL 8.3 20AUG53 144A | 0.42 | 300,000 |
| CENTRAL AND EASTERN EUROPE FUND | 0.35 | 24,235 |
| FRANKLIN BSP RLTY TR IN 7.5 CUM PFD | 0.34 | 11,300 |
| URBAN ONE INC 7.375 01FEB28 1 DFLT | 0.34 | 350,000 |
| AZUL SECD FIN LL 11.93 28AUG28 144A | 0.33 | 250,000 |
| B RILEY FINL INC 5.25 PFD | 0.33 | 29,272 |
| FRONTIER COMMUNI 8.625 15MAR31 144A | 0.29 | 200,000 |
| FEDERAL NATL MTG ASSN 8.25 PF DFLT | 0.28 | 50,000 |
| QURATE RETAIL INC QVC GROUP | 0.28 | 350,000 |
| RITHM CAPITAL COR 6.25 15OCT25 144A | 0.24 | 173,000 |
| DIAMOND SPORTS 12/02/24 TERM LOAN | 0.23 | 141,200 |
| TWO HBRS INVT CORP 8.125 CUM PFD | 0.22 | 6,561 |
| CHIMERA IN COM USD0.01 (PST REV SPL | 0.21 | 10,000 |
| PENNYMAC M COM USD0.01 | 0.19 | 10,000 |
| TWO HARBOR COM USD0.01(POST REV SPL | 0.18 | 10,000 |
| FEDERAL HOME LN MTG CORP 5.66 DFLT | 0.15 | 37,500 |
| GOTO GROUP INC 5.5 01MAY28 144A | 0.09 | 223,300 |
| FIRST REP BK SAN FRAN 4.625 13FEB47 | 0.05 | 1,500,000 |
| CAVA Dec 2024 110 Put | 0.05 | 50 |
| US ULTRA BOND CBT DEC24 | 0.03 | -137 |
| MAC Dec 2024 15 Put | 0.02 | 550 |
