Published on November 21, 2025
C1 FUND INC
SCHEDULE OF INVESTMENTS
September 30, 2025 (Unaudited)
| Private Assets - 3.88% | Geographic Region(a) | Acquisition Date | Shares | Cost | Fair Value | |||||||||||
| Common Stock- 3.88% | ||||||||||||||||
| FIGMENT(b) | United States | 9/29/2025 | 952,381 | $ | 2,000,000 | $ | 2,035,000 | |||||||||
| Total Private Assets | 2,000,000 | 2,035,000 | ||||||||||||||
| Short-Term Investments- 102.16% | Shares | Cost | Fair Value | |||||||||||||
| First American US Treasury Money Market Fund(c) | 53,559,853 | 53,559,853 | 53,559,853 | |||||||||||||
| Total Short-Term Investments | 53,559,853 | 53,559,853 | ||||||||||||||
| Total Investments – 106.04% | $ | 55,559,853 | $ | 55,594,853 | ||||||||||||
| Liabilities in Excess of Other Assets- (6.04%) | (3,165,861 | ) | ||||||||||||||
| Net Assets - 100.00% | $ | 52,428,992 | ||||||||||||||
| (a) | In the case of Private Assets, geographic region generally refers to where the general partner is headquartered and may be different from where a Private Asset invests or operates. |
| (b) | Investments whose values were determined using significant unobservable inputs. |
| (c) | The rate shown is the annualized 7-day yield as of September 30, 2025. |