|Top 10 Holdings as of 12.31.2017|
|Holding||Weighting (% of Portfolio)|
|California Resources Corp.*||
|Royal Gold, Inc.||
|Alnylam Pharmaceuticals, Inc.||
|California Resources Corp.||
*Largest position is California Resources Corp. second lien notes (7.23%) which represents credit exposure. Top ten holdings are subject to change without notice. There is no assurance that the investment process will lead to successful investing.