NPORT-P
false
0001854919
XXXXXXXX
Dynamic Alternatives Fund
811-23652
0001854919
549300ET5QOX1UUQU108
5025 Arlington Centre Blvd.
Suite 300
Columbus
43220
614-273-1000
Dynamic Alternatives Fund
549300ET5QOX1UUQU108
2026-09-30
2026-06-30
N
465795292.39
877873.57
464917418.82
0.00000000
18689447.88
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
6855231.00
N
N/A
N/A
Linden International Ltd. Class A - Series 01/2026
N/A
1500.00000000
NS
USD
1710278.51000000
0.367867161084
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Rock Bridge ZaZa Port LLC
N/A
10000000.0000
NS
USD
10025000.00
2.156296923751
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Linden International Ltd. Class A - Series 06/2026
N/A
5000.00000000
NS
USD
5076427.31000000
1.091898712438
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Linden International Ltd. Class A - Series 03/2026
N/A
1000.00000000
NS
USD
1095230.41000000
0.235575258242
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
1WS Credit Income Fund
N/A
755914.56000000
NS
USD
14309462.66000000
3.077850405415
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
Merchants Origin Fund, LP
N/A
141205.53000000
NS
USD
14698914.99000000
3.161618471363
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Centiva Offshore Fund, Ltd. Series HA - Unrestricted, Initial Series
N/A
28601.95000000
NS
USD
3235130.23000000
0.695850510013
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Janus Hederson Biotech Innovation Fund Limited Standard Class - A USD Non-Voting, 02/25
N/A
2274.93000000
NS
USD
10547993.88000000
2.268788703759
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Hamilton Lane Private Assets Fund
N/A
789040.27000000
NS
USD
16432947.27000000
3.534594877453
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
NB Credit Opportunitis Fund II Cayman Feeder LP
N/A
46653.55000000
NS
USD
4618164.53000000
0.993330071762
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
BlackRock Systematic Total Alpha Fund Ltd. Class A1 - Series 14
N/A
850.00000000
NS
USD
896442.90000000
0.192817662602
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Linden International Ltd. Class A - Series 02/2026
N/A
1000.00000000
NS
USD
1093552.28000000
0.235214305967
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
BlackRock Systematic Total Alpha Fund Ltd. Class A1 - Series 1
N/A
12465.32000000
NS
USD
15431621.86000000
3.319217829946
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Stone Ridge Energy Acquisition Fund II (PV) LP
N/A
195615.29000000
NS
USD
21271500.00000000
4.575328679658
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Goldman Sachs Financial Square Government Fund
N/A
46569430.92
PA
USD
46569430.92
10.01671028764
Long
STIV
RF
US
N
1
N
N
N
N/A
N/A
Waterfall Eden Fund, Ltd. DI_03.2023 - Sub-Class B_1
N/A
4.24000000
NS
USD
7736.90000000
0.001664145004
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Council Oaks SPV II-B, LP
N/A
3375.00000000
NS
USD
2242201.58000000
0.482279538093
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
AvCap Trading Fund Global Feeder, LP
N/A
297016.04000000
NS
USD
52177089.00000000
11.22287246892
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
CLF I (Cayman), LP
N/A
62330.70000000
NS
USD
6525661.00000000
1.403617230897
Long
PF
KY
Y
N/A
N
N
N
N/A
N/A
Corbin Hedged Equity Fund LP
N/A
148044.12000000
NS
USD
20922738.00000000
4.500312776644
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
BlackRock Systematic Total Alpha Fund Ltd. Class A1 - Series 16
N/A
5000.00000000
NS
USD
5009413.56000000
1.077484593439
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Linden International Ltd. Class A - Initial Series
N/A
1970.76000000
NS
USD
22007216.00000000
4.733575277918
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Cliffwater Corporate Lending Fund
N/A
2573659.25000000
NS
USD
26946212.38000000
5.795913701919
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
Janus Hederson Biotech Innovation Fund Limited Standard Class - A USD Non-Voting, 06/25
N/A
873.58000000
NS
USD
4050478.60000000
0.871225391012
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Stepstone Private Markets
N/A
253109.09000000
NS
USD
16295163.79000000
3.504958758344
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
TCG Elford Broad Investor, LLC
N/A
7500000.00000000
PA
USD
7706632.00000000
1.657634600906
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Cross Ocean Partners GSS Offshore Feeder LP
N/A
388353.02000000
NS
USD
42981218.78000000
9.244914696698
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
FPA New Income, Inc.
N/A
1759621.40000000
NS
USD
17473040.51000000
3.758310573595
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
TWG Flying Wasp, LLC
N/A
82780.2700
NS
USD
8562763.00
1.841781497826
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Waterfall Eden Fund, Ltd. Sub-Class B_2, Series 1 - March 2023
N/A
14312.59000000
NS
USD
19012344.88000000
4.089402571375
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
BlackRock Systematic Total Alpha Fund Ltd. Class A1 - Series 15
N/A
1000.00000000
NS
USD
1045561.87000000
0.224891954501
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Council Oak Partners Fund I-B, LP
N/A
161658.54000000
NS
USD
16310000.00000000
3.508149907868
Long
PF
US
Y
N/A
N
N
N
N/A
N/A
Axonic Strategic Income Fund
N/A
2034288.39000000
NS
USD
18084823.86000000
3.889900254952
Long
EC
RF
US
N
1
N
N
N
2026-06-30
Dynamic Alternatives Fund
Zachary P. Richmond
Zachary P. Richmond
Treasurer and Principal Financial Officer
XXXX