Highland Global Allocation Fund

NPORT-P false 0001815608 XXXXXXXX S000069477 C000221777 C000221778 Modern Capital Funds Trust 811-23582 0001815608 549300VBKEL6G7NEPM08 75 Port City Landing Suite 110 Mt. Pleasant 29464 216-329-4271 Modern Capital Tactical Income Fund S000069477 549300VBKEL6G7NEPM08 2026-03-31 2026-03-31 N 70766566.000000000000 542459.000000000000 70224107.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N NexPoint 2549007A3RHSGZEL0R21 Highland Global Allocation Fund 43010T104 57818 NS USD 464278.54 0.6611384037 Long EC RF US N 1 N N N Irsa Inversiones Y Representaciones S.A. 549300QJINFBX83IZ837 Irsa Inversiones Y Representaciones S.A. 450047303 41381.0000000002 NS USD 670786.0100000033 0.9552076041 Long EC CORP AR N 1 N N N KKR & Co. L.P. 549300H65GA67Q2C3B36 KKR Income Opportunities Fund 48249T106 53709 NS USD 590261.91 0.8405402863 Long EC RF US N 1 N N N Kayne Anderson Capital Advisors 5493002Z1F04JSF18549 Kayne Anderson Energy Infrastructure Fund, Inc. 486606106 50000 NS USD 714000 1.0167448623 Long EC RF US N 1 N N N Morgan Stanley Investment Management 541YGIXZ6JJP4EZDJI96 Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. 617477104 130540 NS USD 661837.8 0.9424652420 Long EC RF US N 1 N N N NexPoint 5493008KGR2NU3OXMR64 NexPoint Diversified Real Estate Trust 65340G205 528561 NS USD 2468379.87 3.5150035728 Long EC CORP US N 1 N N N Nuveen HJXCPP3KYE3BVU373P27 Nuveen Floating Rate Income Fund 67072T108 2681 NS USD 20161.12 0.0287096851 Long EC RF US N 1 N N N Nuveen W4CSTD4RDGQSJ4FOVO30 Nuveen Credit Strategies Income Fund 67073D102 473400 NS USD 2305458 3.2830008077 Long EC RF US N 1 N N N Nuveen 549300N1H1AJ1P7VEI64 Nuveen Core Plus Impact Fund 67080D103 121255 NS USD 1235588.45 1.7594932891 Long EC RF US N 1 N N N OFS Credit Company, Inc 549300A7A6U0QNX5FB55 OFS Credit Co Inc. 67111Q107 301684 NS USD 871866.76 1.2415490880 Long EC RF US N 1 N N N Oxford Lane Capital Corporation 549300G3KO4JNQQD7Z72 Oxford Lane Capital Corp. 691543847 207000 NS USD 2024460 2.8828561679 Long EC RF US N 1 N N N PIMCO (US) 549300BX5QVFQJENPV35 PIMCO Dynamic Income Strategy Fund 69346N107 106775 NS USD 2355456.5 3.3541992923 Long EC RF US N 1 N N N PGIM Investments 549300WGY7DHGMQJU952 PGIM Short Duration High Yield Opportunities Fund 69355J104 81292 NS USD 1302297.84 1.8544882885 Long EC RF US N 1 N N N Petroleo Brasileiro, S.A. 5493000J801JZRCMFE49 Petroleo Brasileiro, S.A. 71654V408 43000 NS USD 892250 1.2705750747 Long EC CORP BR N 1 N N N PIMCO (US) TYNS8LL5KA936NJZN198 PIMCO High Income Fund 722014107 62448 NS USD 289134.24 0.4117307465 Long EC RF US N 1 N N N ProShares Trust II 549300HIIRNTNKXV3M12 ProShares Ultra VIX Short-Term Futures ETF 1.5x Shares 74347Y680 2500 NS USD 130750 0.1861896229 Long EC RF US N 1 N N N SM Energy Company 84BUTVXV5ODI6BXNMH43 SM Energy Co. 78454L100 110750 NS USD 3453185 4.9173783014 Long EC CORP US N 1 N N N Seven Hills Realty Trust 549300ESBDZ3SA3OEX38 Seven Hills Realty Trust 81784E101 311222 NS USD 2558244.84 3.6429724055 Long EC CORP US N 1 N N N Virtus Investment Partners XXFOYQ5TGUGS75Z22C46 Virtus Stone Harbor Emerging Markets Income Fund 86164T107 134015 NS USD 640591.7 0.9122105319 Long EC RF US N 1 N N N Aberdeen 549300J666ZH67203572 Abrdn Asia-Pacific Income Fund, Inc. 003009867 72045 NS USD 1038888.9 1.4793906884 Long EC RF US N 1 N N N Adams Funds 549300LPTQAH0G3NGD42 Adams Natural Resources Fund, Inc. 00548F105 20000 NS USD 556000 0.7917509012 Long EC RF US N 1 N N N Ares Public Funds 549300BZI16VZUT2N044 Ares Dynamic Credit Allocation Fund Inc. 04014F102 98182 NS USD 1193893.12 1.7001186217 Long EC RF US N 1 N N N Banco Bradesco S.A. 549300CTUU1RFXHQJE44 Banco Bradesco S.A. 059460303 554000 NS USD 2022100 2.8794954986 Long EC CORP BR N 1 N N N Tekla Capital Management LLC 549300SNASESIFOS6V75 Tekla Healthcare Investors 87911J103 21617 NS USD 384566.43 0.5476273696 Long EC RF US N 1 N N N Tekla Capital Management LLC 5493007BYZPSOVVS0M04 TeklaLife Sciences Investors 87911K100 42072 NS USD 684511.44 0.9747527868 Long EC RF US N 1 N N N TortoiseEcofin Funds 5493008P735YB22YPB89 Tortoise Energy Infrastructure Corporation 89147L886 28171 NS USD 1404324.35 1.9997753051 Long EC RF US N 1 N N N Virtus Investment Partners 5493008J77OQDENT5651 Virtus Global Multi-Sector Income Fund 92829B101 201864 NS USD 1489756.32 2.1214314908 Long EC RF US N 1 N N N Barings 549300WWIZCL845OP089 Barings Global Short Duration High Yield Fund 06760L100 18087 NS USD 247068.42 0.3518284967 Long EC RF US N 1 N N N BlackRock, Inc. (US) 8DZAUY8151XS5PISSX42 BlackRock Resources & Commodities Strategy Trust 09257A108 25000 NS USD 301250 0.4289837392 Long EC RF US N 1 N N N BlackRock, Inc. (US) 549300G3XFQ7175KM723 BlackRock Innovation and Growth Term Trust 09260Q108 152381 NS USD 1005714.6 1.4321500735 Long EC RF US N 1 N N N Blackrock Municipal Credit Alpha Portfolio Inc 529900SLP3C6SEVFWC61 BlackRock Municipal Credit Alpha Portfolio 09262J102 4276 NS USD 51953.4 0.0739822865 Long EC RF US N 1 N N N Franklin Templeton Investments (US) 549300P4CDQCJBGI0833 BrandywineGLOBAL - Global Income Opportunities Fund, Inc. 10537L104 351482 NS USD 2695866.94 3.8389479841 Long EC RF US N 1 N N N Brookfield Real Assets Income Fund, Inc. 254900DLYNP93JESGO41 Brookfield Real Assets Income Fund, Inc. 112830104 104469 NS USD 1343471.34 1.9131198635 Long EC RF US N 1 N N N Cenovus Energy Inc. 549300F4XPHJ7NOSP309 Cenovus Energy Inc. 15135U109 75000 NS USD 1989750 2.8334286971 Long EC CORP CA N 1 N N N DWS ETF Trust 549300TSXFIOF89ZI608 Central and Eastern Europe Fund Inc 153436100 42644 NS USD 780385.2 1.1112782111 Long EC RF US N 1 N N N Chevron Corporation N/A Chevron Corp. 166764100 7100 NS USD 1468990 2.0918599933 Long EC CORP US N 1 N N N Credit Suisse 549300R9HE7C1IL42N58 Credit Suisse High Yield Bond Fund 22544F103 1136530 NS USD 2159407 3.0750223709 Long EC RF US N 1 N N N Cresud S.A. Comercial Industrial Financiera Y Agropecuaria 529900OJF9C0NUFNN613 Cresud S.A. Comercial Industrial Financiera Y Agropecuaria 226406106 134612.00000000038 NS USD 1712264.640000005 2.4382861002 Long EC CORP AR N 1 N N N Destra Multi-Alternative Fund 549300SP0KUS5HR5P569 Destra Multi-Alternative Fund 25065A502 125064 NS USD 1014269.04 1.4443317022 Long EC RF US N 1 N N N DoubleLine Funds 549300RGXFCKJWYUTL28 DoubleLine Income Solutions Fund 258622109 59967 NS USD 649442.61 0.9248143376 Long EC RF US N 1 N N N DoubleLine Funds 5493006BIH94Q4VHHG23 DoubleLine Yield Opportunities Fund 25862D105 103131 NS USD 1435583.52 2.0442887512 Long EC RF US N 1 N N N Eagle Point Credit Company Inc. 549300H82HTZTPXB6822 Eagle Point Credit Company, Inc. 269808101 260000 NS USD 977600 1.3921145341 Long EC RF US N 1 N N N Ellington Global Asset Management, LLC 549300KA3MR2ZCRGA787 Ellington Credit Company 288578107 77456 NS USD 343130.08 0.4886214929 Long EC RF US N 1 N N N FS Investments 549300XFGO8P7BHG1O49 FS Credit Opportunities Corp. 30290Y101 431172 NS USD 2198977.2 3.1313708268 Long EC RF US N 1 N N N First Trust Portfolios (US) 549300VWTG40J7RZE994 First Trust High Yield Opportunities 2027 Term Fund 33741Q107 5715 NS USD 77323.95 0.1101102646 Long EC RF US N 1 N N N Gabelli Funds 54930036JZVAIXXFZV64 Gabelli Equity Trust 362397101 303861 NS USD 1701621.6 2.4231302792 Long EC RF US N 1 N N N Grupo Financiero Galicia S.A. 5299008H3AXIXV5G3C23 Grupo Financiero Galicia S.A. 399909100 19050 NS USD 889825.5 1.2671225566 Long EC CORP AR N 1 N N N Guggenheim Investments 549300ZOXRKM68J8NB63 Guggenheim Strategic Opportunities Fund 40167F101 58208 NS USD 641452.16 0.9134358376 Long EC RF US N 1 N N N John Hancock Investment Management 549300HU07GPOB5DR949 John Hancock Premium Dividend Fund 41013T105 122422 NS USD 1603728.2 2.2837288625 Long EC RF US N 1 N N N NexPoint 254900CMUE9FRYL2UR80 Highland Income Fund 43010E404 280885 NS USD 1603853.35 2.2839070777 Long EC RF US N 1 N N N Franklin Templeton Investments (US) 549300F68574RU1BKP84 Western Asset Emerging Markets Debt Fund, Inc. 95766A101 174625 NS USD 1714817.5 2.4419214046 Long EC RF US N 1 N N N Franklin Templeton Investments (US) 549300JWVV1XIQ66WD13 Western Asset Global High Income Fund, Inc. 95766B109 131123 NS USD 773625.7 1.1016525992 Long EC RF US N 1 N N N Franklin Templeton Investments (US) 549300S7N70O2ERKYG47 Western Asset High Income Opportunity Fund, Inc. 95766K109 377942 NS USD 1371929.46 1.9536445796 Long EC RF US N 1 N N N Franklin Templeton Investments (US) 549300Z3DNF4FJBJ4A87 Western Asset Inflation-Linked Opportunities & Income Fund 95766R104 272725 NS USD 2307253.5 3.2855576220 Long EC RF US N 1 N N N Arcos Dorados Holdings, Inc. 54930023P2MIZN13DQ85 Arcos Dorados Holdings, Inc. G0457F107 70490 NS USD 581542.5 0.8281237382 Long EC CORP VG N 1 N N N Nu_Holdings_Ltd 5493002DG1RHWK9W2X27 Nu Holdings LTD. - Class A G6683N103 45000 NS USD 646650 0.9208376263 Long EC CORP KY N 1 N N N First American Funds 549300R5MYM6VZF1RM44 First American Government Obligations Fund, Class X 31846V336 5438202.69 NS USD 5438202.69 7.7440681303 Long STIV RF US N 1 N N N Gabelli Equity Trust Inc. N/A Gabelli Equity Trust Inc. RT EXP 041426 362397226 477272 NS USD 3340.904 0.0047574888 Long EC CORP US N 1 N N N 2026-05-22 Modern Capital Funds Trust /s/ John Tabb John Tabb Principal Financial Officer