CION ARES DIVERSIFIED CREDIT I

Ticker: CADUX CUSIP: 17260G301 Class: EQUITY FUNDS

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Motiv8 Investments LLC
Value ($000) $0 Shares 4,956

Exited Positions (1)

Luminist Capital LLC
Value ($000) $79 Shares 3,103