Market priceShare price
$8.31
-0.12% ($-0.01)
NAVAsset value per share
$10.62
as of Oct 13, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
21.75% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
5.78%
regular, annualised · on NAV 4.52%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 3:59 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:45 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 31, 2026. 124 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | Debt | United States | 8.28% | $10.1M |
| 2 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | Debt | United States | 7.16% | $8.8M |
| 3 | ELECTRONIC ARTS INC | Equity | United States | 4.83% | $5.9M |
| 4 | JANUS HENDERSON GROUP PLC | Equity | Jersey | 4.73% | $5.8M |
| 5 | CHART INDUSTRIES INC | Equity | United States | 4.44% | $5.4M |
| 6 | WARNER BROS. DISCOVERY INC | Equity | United States | 3.56% | $4.4M |
| 7 | TAYLOR MORRISON HOME CORP | Equity | United States | 3.42% | $4.2M |
| 8 | SILA REALTY TRUST INC | Equity | United States | 3.21% | $3.9M |
| 9 | LIVE RAMP HOLDINGS INC | Equity | United States | 2.15% | $2.6M |
| 10 | CROSS COUNTRY HEALTHCARE INC | Equity | United States | 2.10% | $2.6M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Equity (common) | 69.97% | $85.6M |
| Debt | 30.02% | $36.7M |
| Derivative (FX) | 0.00% | $3K |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 90.24% | $110M |
| Jersey | 4.73% | $5.8M |
| Canada | 4.37% | $5.3M |
| Cayman Islands | 0.19% | $226K |
| Spain | 0.13% | $161K |
| Italy | 0.11% | $131K |
| Ireland | 0.09% | $115K |
| Curaçao | 0.08% | $93K |
| Hong Kong | 0.06% | $71.4K |
| Australia | 0.01% | $7.5K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 90.24% | $110M |
| Developed Europe | 5.06% | $6.2M |
| Canada | 4.37% | $5.3M |
| Offshore domiciles | 0.26% | $319K |
| Asia ex-Japan | 0.06% | $71.4K |
| Australia & New Zealand | 0.01% | $7.5K |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 69.96% | $85.6M |
| U.S. Treasury | 30.02% | $36.7M |
| Registered fund | 0.01% | $17.1K |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 1 | 67.96% | $83.2M |
| Level 2 | 31.80% | $38.9M |
| Level 3 | 0.24% | $293K |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.49% | $123M |
| N/A | 0.00% | $3K |
| Short | -0.49% | $-598K |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 124 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 912797TW7 | Debt | UST | United States | 10,180,000 | principal | $10.1M | 8.28% | 2 |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 912797RG4 | Debt | UST | United States | 8,795,000 | principal | $8.8M | 7.16% | 2 |
| ELECTRONIC ARTS INC | 285512109 | Equity | CORP | United States | 28,800 | shares | $5.9M | 4.83% | 1 |
| JANUS HENDERSON GROUP PLC | JE00BYPZJM29 | Equity | CORP | Jersey | 111,400 | shares | $5.8M | 4.73% | 1 |
| CHART INDUSTRIES INC | 16115Q308 | Equity | CORP | United States | 26,000 | shares | $5.4M | 4.44% | 1 |
| WARNER BROS. DISCOVERY INC | 934423104 | Equity | CORP | United States | 163,200 | shares | $4.4M | 3.56% | 1 |
| TAYLOR MORRISON HOME CORP | 87724P106 | Equity | CORP | United States | 58,300 | shares | $4.2M | 3.42% | 1 |
| SILA REALTY TRUST INC | 146280508 | Equity | CORP | United States | 129,400 | shares | $3.9M | 3.21% | 1 |
| LIVE RAMP HOLDINGS INC | 53815P108 | Equity | CORP | United States | 69,900 | shares | $2.6M | 2.15% | 1 |
| CROSS COUNTRY HEALTHCARE INC | 227483104 | Equity | CORP | United States | 194,700 | shares | $2.6M | 2.10% | 1 |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 912797UF2 | Debt | UST | United States | 13,785,000 | principal | $13.7M | 11.19% | 2 |
| CATALYST PHARMACEUTICALS INC | 14888U101 | Equity | CORP | United States | 76,100 | shares | $2.4M | 1.95% | 1 |
| DIGITALBRIDGE GROUP INC | 25401T603 | Equity | CORP | United States | 151,000 | shares | $2.4M | 1.95% | 1 |
| AES CORP (THE) | 00130H105 | Equity | CORP | United States | 156,600 | shares | $2.3M | 1.88% | 1 |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 912797UM7 | Debt | UST | United States | 2,300,000 | principal | $2.3M | 1.85% | 2 |
| ORGANON & COMPANY | 68622V106 | Equity | CORP | United States | 162,800 | shares | $2.2M | 1.80% | 1 |
| APOGEE THERAPEUTICS INC | 03770N101 | Equity | CORP | United States | 15,800 | shares | $2.1M | 1.71% | 1 |
| NUVALENT INC | 670703107 | Equity | CORP | United States | 16,100 | shares | $2M | 1.63% | 1 |
| GLOBAL BUSINESS TRAVEL GROUP INC | 37890B100 | Equity | CORP | United States | 209,400 | shares | $2M | 1.61% | 1 |
| BRIGHTHOUSE FINANCIAL INC | 10922N103 | Equity | CORP | United States | 30,000 | shares | $1.9M | 1.55% | 1 |
| INTERNATIONAL MONEY EXPRESS INC | 46005L101 | Equity | CORP | United States | 121,000 | shares | $1.7M | 1.43% | 1 |
| TXNM ENERGY INC | 69349H107 | Equity | CORP | United States | 30,000 | shares | $1.7M | 1.39% | 1 |
| AVANOS MEDICAL INC | 05350V106 | Equity | CORP | United States | 66,200 | shares | $1.6M | 1.35% | 1 |
| PAYONEER GLOBAL INC | 70451X104 | Equity | CORP | United States | 186,300 | shares | $1.3M | 1.08% | 1 |
| WHITESTONE REIT | 966084204 | Equity | CORP | United States | 68,200 | shares | $1.3M | 1.06% | 1 |
| BIO-TECHNE CORP | 09073M104 | Equity | CORP | United States | 18,300 | shares | $1.3M | 1.06% | 1 |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 912797TY3 | Debt | UST | United States | 1,255,000 | principal | $1.2M | 1.02% | 2 |
| INTERRENT REAL ESTATE INVESTMENT TRUST | 46071W205 | Equity | CORP | Canada | 130,000 | shares | $1.2M | 0.97% | 1 |
| INFORMATION SERVICES CORP | 45676A105 | Equity | CORP | Canada | 30,000 | shares | $1.1M | 0.88% | 1 |
| ARCOSA INC | 039653100 | Equity | CORP | United States | 7,000 | shares | $1M | 0.83% | 1 |
| CAESARS ENTERTAINMENT INC | 12769G100 | Equity | CORP | United States | 33,600 | shares | $1M | 0.83% | 1 |
| TRUBRIDGE INC | 205306103 | Equity | CORP | United States | 38,100 | shares | $999K | 0.82% | 1 |
| TWO HARBORS INVESTMENTS CORP | 90187B804 | Equity | CORP | United States | 80,000 | shares | $993K | 0.81% | 1 |
| LENNAR CORP | 526057302 | Equity | CORP | United States | 11,000 | shares | $976K | 0.80% | 1 |
| ENDEAVOR GROUP HOLDINGS INC | 29260Y109 | Equity | CORP | United States | 35,000 | shares | $963K | 0.79% | 2 |
| TALKSPACE INC | 87427V103 | Equity | CORP | United States | 172,500 | shares | $897K | 0.73% | 1 |
| BEL FUSE INC | 077347201 | Equity | CORP | United States | 3,000 | shares | $874K | 0.71% | 1 |
| VICI PROPERTIES INC | 925652109 | Equity | CORP | United States | 32,472 | shares | $862K | 0.70% | 1 |
| PENUMBRA INC | 70975L107 | Equity | CORP | United States | 2,600 | shares | $821K | 0.67% | 1 |
| BOEING COMPANY (THE) | 097023105 | Equity | CORP | United States | 3,400 | shares | $736K | 0.60% | 1 |
| NORFOLK SOUTHERN CORP | 655844108 | Equity | CORP | United States | 2,200 | shares | $692K | 0.57% | 1 |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC | 18453H106 | Equity | CORP | United States | 282,000 | shares | $682K | 0.56% | 1 |
| BLACKLINE SAFETY CORP | 092382100 | Equity | CORP | Canada | 100,000 | shares | $640K | 0.52% | 1 |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 912797TQ0 | Debt | UST | United States | 635,000 | principal | $633K | 0.52% | 2 |
| MINTO APARTMENT REAL ESTATE INVESTMENT TRUST | 60448E103 | Equity | CORP | Canada | 50,000 | shares | $615K | 0.50% | 1 |
| ESPERION THERAPEUTICS INC | 29664W105 | Equity | CORP | United States | 187,000 | shares | $591K | 0.48% | 1 |
| LAURENTIAN BANK OF CANADA | 51925D106 | Equity | CORP | Canada | 20,000 | shares | $566K | 0.46% | 1 |
| Altaba Inc Escrow | 021ESC017 | Equity | CORP | United States | 425,000 | shares | $553K | 0.45% | 2 |
| SIMULATIONS PLUS INC | 829214105 | Equity | CORP | United States | 28,800 | shares | $527K | 0.43% | 1 |
| OPEN LENDING CORP | 68373J104 | Equity | CORP | United States | 168,200 | shares | $523K | 0.43% | 1 |
| MGM RESORTS INTERNATIONAL | 552953101 | Equity | CORP | United States | 10,800 | shares | $516K | 0.42% | 1 |
| ALLIED GOLD CORP | 01921D204 | Equity | CORP | Canada | 20,000 | shares | $475K | 0.39% | 1 |
| SURGERY PARTNERS INC | 86881A100 | Equity | CORP | United States | 28,000 | shares | $470K | 0.38% | 1 |
| KNEAT.COM INC | 498824101 | Equity | CORP | Canada | 93,400 | shares | $425K | 0.35% | 1 |
| SIRIUS XM HOLDINGS INC | 829933100 | Equity | CORP | United States | 14,237 | shares | $421K | 0.34% | 1 |
| COEUR MINING INC | 192108504 | Equity | CORP | United States | 25,000 | shares | $408K | 0.33% | 1 |
| COREBRIDGE FINANCIAL INC | 21871X109 | Equity | CORP | United States | 14,000 | shares | $401K | 0.33% | 1 |
| NATHAN'S FAMOUS INC | 632347100 | Equity | CORP | United States | 3,300 | shares | $335K | 0.27% | 1 |
| ASTRONOVA INC | 04638F108 | Equity | CORP | United States | 9,200 | shares | $262K | 0.21% | 1 |
| DMC GLOBAL INC | 23291C103 | Equity | CORP | United States | 45,000 | shares | $261K | 0.21% | 1 |
| SELECT MEDICAL HOLDINGS CORP | 81619Q105 | Equity | CORP | United States | 15,000 | shares | $248K | 0.20% | 1 |
| PAN AMERICAN SILVER CORP | 697900132 | Equity | CORP | Canada | 419,000 | shares | $231K | 0.19% | 1 |
| FIRST SEACOAST BANCORP INC | 33631F104 | Equity | CORP | United States | 12,800 | shares | $216K | 0.18% | 1 |
| MANCHESTER UNITED PLC | KYG5784H1065 | Equity | CORP | Cayman Islands | 9,000 | shares | $206K | 0.17% | 1 |
| KENVUE INC | 49177J102 | Equity | CORP | United States | 10,000 | shares | $191K | 0.16% | 1 |
| AVISTA CORP | 05379B107 | Equity | CORP | United States | 4,000 | shares | $164K | 0.13% | 1 |
| Abertis Infraestructuras SA | ES0111845014 | Equity | CORP | Spain | 40,000 | shares | $161K | 0.13% | 3 |
| OLAPLEX HOLDINGS INC | 679369108 | Equity | CORP | United States | 74,701 | shares | $153K | 0.13% | 1 |
| SILICON LABORATORIES INC | 826919102 | Equity | CORP | United States | 700 | shares | $153K | 0.13% | 1 |
| YEXT INC | 98585N106 | Equity | CORP | United States | 30,000 | shares | $140K | 0.11% | 1 |
| CFT SpA | IT0005262313 | Equity | CORP | Italy | 25,000 | shares | $131K | 0.11% | 3 |
| BORALEX INC | 09950M300 | Equity | CORP | Canada | 5,000 | shares | $130K | 0.11% | 1 |
| JAMES HARDIE INDUSTRIES PLC | IE000R94NGM2 | Equity | CORP | Ireland | 4,000 | shares | $105K | 0.09% | 1 |
| SLB LTD | 806857108 | Equity | CORP | Curaçao | 2,000 | shares | $93K | 0.08% | 1 |
| LENSAR INC | 52634L108 | Equity | CORP | United States | 15,000 | shares | $85.7K | 0.07% | 1 |
| SHUTTERSTOCK INC | 825690100 | Equity | CORP | United States | 6,000 | shares | $83.7K | 0.07% | 1 |
| TREEHOUSE FOODS INC | ticker THS | Equity | CORP | United States | 42,000 | shares | $73.5K | 0.06% | 2 |
| IMAX China Holding Inc | KYG476341030 | Equity | CORP | Hong Kong | 70,000 | shares | $71.4K | 0.06% | 1 |
| WALGREENS BOOTS ALLIANCE INC | ticker WBA | Equity | CORP | United States | 140,000 | shares | $70K | 0.06% | 2 |
| E.W. SCRIPPS COMPANY (THE) | 811054402 | Equity | CORP | United States | 20,000 | shares | $55.4K | 0.05% | 1 |
| METSERA INC | ticker MTSR | Equity | CORP | United States | 10,000 | shares | $45K | 0.04% | 2 |
| REGULUS THERAPEUTICS INC | ticker RGLS | Equity | CORP | United States | 40,000 | shares | $40K | 0.03% | 2 |
| EMERALD HOLDING INC | 29103W104 | Equity | CORP | United States | 7,558 | shares | $38.1K | 0.03% | 1 |
| RESOLUTE FOREST PRODUCTS INC | 761CVR042 | Equity | CORP | United States | 24,000 | shares | $36K | 0.03% | 2 |
| OPTINOSE INC | ticker OPTN | Equity | CORP | United States | 70,000 | shares | $35K | 0.03% | 2 |
| ATRIUM THERAPEUTICS INC | 04965N104 | Equity | CORP | United States | 2,500 | shares | $33.6K | 0.03% | 1 |
| ABIOMED INC | 003CVR016 | Equity | CORP | United States | 21,000 | shares | $33.6K | 0.03% | 2 |
| CHECKPOINT THERAPEUTICS INC | ticker CKPT | Equity | CORP | United States | 315,000 | shares | $31.5K | 0.03% | 2 |
| FUSION PHARMACEUTICALS INC | ticker FUSN | Equity | CORP | United States | 60,000 | shares | $30K | 0.02% | 2 |
| SAGE THERAPEUTICS INC | ticker SAGE | Equity | CORP | United States | 300,000 | shares | $30K | 0.02% | 2 |
| LIFEWAY FOODS INC | 531914109 | Equity | CORP | United States | 1,000 | shares | $29.8K | 0.02% | 1 |
| MERSANA THERAPEUTICS INC | ticker MRSN | Equity | CORP | United States | 13,000 | shares | $22.8K | 0.02% | 2 |
| POSEIDA THERAPEUTICS INC | ticker PSTX | Equity | CORP | United States | 41,797 | shares | $20.9K | 0.02% | 2 |
| AKOUOS INC | — | Equity | CORP | United States | 40,000 | shares | $20K | 0.02% | 2 |
| GRACELL BIOTECHNOLOGIES INC | — | Equity | CORP | Cayman Islands | 500,000 | shares | $20K | 0.02% | 2 |
| 89BIO INC | — | Equity | CORP | United States | 66,000 | shares | $19.8K | 0.02% | 2 |
| Akero Therapeutics Inc | 009CVR044 | Equity | CORP | United States | 37,000 | shares | $18.5K | 0.02% | 2 |
| GULF COAST ULTRA DEEP ROYALTY TRUST | 40222T104 | Equity | RF | United States | 460,000 | shares | $17.1K | 0.01% | 1 |
| VERVE THERAPEUTICS INC | ticker VERV | Equity | CORP | United States | 30,000 | shares | $15K | 0.01% | 2 |
| ALBIREO PHARMA INC | — | Equity | CORP | United States | 6,000 | shares | $13.5K | 0.01% | 2 |
| CHINOOK THERAPEUTICS INC | 169CVR016 | Equity | CORP | United States | 64,000 | shares | $12.8K | 0.01% | 2 |
| VIGIL NEUROSCIENCE INC | 926CVR010 | Equity | CORP | United States | 245,000 | shares | $12.3K | 0.01% | 2 |
| BLUEPRINT MEDICINES CORP | 096CVR048 | Equity | CORP | United States | 28,000 | shares | $11.2K | 0.01% | 2 |
| AVADEL PHARMACEUTICALS PLC | ticker AVDL | Equity | CORP | Ireland | 18,000 | shares | $9.9K | 0.01% | 2 |
| ICOSAVAX INC | 451CVR021 | Equity | CORP | United States | 30,000 | shares | $9K | 0.01% | 2 |
| SIGILON THERAPEUTICS INC CVR | — | Equity | CORP | United States | 1,000 | shares | $7.6K | 0.01% | 2 |
| Bapcor Ltd | AU000000BAP9 | Equity | CORP | Australia | 25,000 | shares | $7.5K | 0.01% | 1 |
| PARAGON 28 INC | 609CVR022 | Equity | CORP | United States | 130,000 | shares | $6.5K | 0.01% | 2 |
| Gen Digital Inc | 668771116 | Equity | CORP | United States | 5,000 | shares | $6.5K | 0.01% | 1 |
| MIRATI THERAPEUTICS INC | 604CVR027 | Equity | CORP | United States | 10,000 | shares | $5K | 0.00% | 2 |
| State Street Bank and Trust Company | ticker N/A | FX deriv. | CORP | United States | 1 | contracts | $3K | 0.00% | 2 |
| Paratek Pharmaceuticals CVR | — | Equity | CORP | United States | 100,000 | shares | $2K | 0.00% | 2 |
| ARCELLX INC | 03940C100 | Equity | CORP | United States | 34,800 | shares | $1.7K | 0.00% | 2 |
| OPIANT PHARMACEUTICALS INC | — | Equity | CORP | United States | 3,000 | shares | $1.5K | 0.00% | 2 |
| ADVERUM BIOTECHNOLOGIES INC | — | Equity | CORP | United States | 2,000 | shares | $1.2K | 0.00% | 2 |
| PREVAIL THERAPEUTICS INC | — | Equity | CORP | United States | 3,000 | shares | $600 | 0.00% | 2 |
| EPIZYME INC | 294CVR014 | Equity | CORP | United States | 28,000 | shares | $560 | 0.00% | 2 |
| HOLOGIC INC | 436CVR021 | Equity | CORP | United States | 41,700 | shares | $417 | 0.00% | 2 |
| BIOGEN INC - CVR | — | Equity | CORP | United States | 34,000 | shares | $340 | 0.00% | 2 |
| ALIMERA SCIENCES INC | — | Equity | CORP | United States | 25,000 | shares | $250 | 0.00% | 2 |
| CONTINGENT VALUE RIGHT | — | Equity | CORP | United States | 1,000 | shares | $100 | 0.00% | 2 |
| AMBIT BIOSCIENCES CORP CVR | ticker AMBICVR | Equity | CORP | United States | 79,391 | shares | $0 | 0.00% | 3 |
| Kinross Gold Corp | 496902198 | Equity | CORP | United States | 10,000 | shares | $0 | 0.00% | 3 |
| UNION PACIFIC CORPshort | 907818108 | Equity | CORP | United States | -2,200 | shares | $-598K | -0.49% | 1 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 31, 2026 | 124 | 100.0% | $122M | full |
| Mar 31, 2026 | Jun 1, 2026 | 129 | 100.0% | $130M | full |
| Dec 31, 2025 | Mar 2, 2026 | 136 | 100.0% | $133M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for GDL Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.