# EDGAR Filing Document

**Accession Number:** 0001582138
**File Stem:** 0001193125-26-058341
**Filing Date:** 2026-2
**Character Count:** 16885
**Document Hash:** 6be1049914070a76694bb96201c1561d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-058341.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001193125-26-058341

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Equalize Community Development Fund
- **CENTRAL INDEX KEY:** 0001582138

**ORGANIZATION NAME:**
- **EIN:** 464014640
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22875
- **FILM NUMBER:** 26651874

**BUSINESS ADDRESS:**
- **STREET 1:** 37 WEST AVENUE
- **STREET 2:** SUITE 301
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 610-337-6500

**MAIL ADDRESS:**
- **STREET 1:** 37 WEST AVENUE
- **STREET 2:** SUITE 301
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bluestone Community Development Fund
- **DATE OF NAME CHANGE:** 20190506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 504 FUND
- **DATE OF NAME CHANGE:** 20141028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PENNANT 504 FUND
- **DATE OF NAME CHANGE:** 20130723

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Equalize Community Development Fund

- **b. Investment Company Act file number:** 811-22875

- **c. CIK number of Registrant:** 0001582138

- **d. LEI of Registrant:** 549300G10P3XIEETOE66

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 37 West Avenue

  - **City:** Wayne

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19087

  - **Telephone number:** 6103376500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Equalize Community Development Fund

- **c. LEI of Series:** 549300G10P3XIEETOE66

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $32894400.60

**Total Liabilities:** $4196707.75

**Net Assets:** $28697692.85

**Cash Not Reported:** $8977.88

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 200.941838891371 | **5-Year:** 4288.945256407820 | **10-Year:** 3007.632128097429 | **30-Year:** 2075.953560033447

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.63%                | 0.21%                | -0.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1533.72                | $85519.89                                  |
| Month 2  | $-1390.04                | $20668.91                                  |
| Month 3  | $-1760.62                | $-142023.31                                |

### Schedule of Portfolio Investments

| Name                                       | Title                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Moses Lake Investors, LLC                  | Moses Lake Investors, LLC                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    794331 | PA      | $820631.62    | 2.86%             | 2039-10-01      | Variable      | 9.75%                 | Yes           |                  3 | On Loan: No      |
| Grigorian Investments, LLC                 | Grigorian Investments, LLC                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    434007 | PA      | $437179.24    | 1.52%             | 2039-09-15      | Variable      | 7.64%                 | Yes           |                  3 | On Loan: No      |
| Digital Pavilion Electronics, LLC          | Digital Pavilion Electronics, LLC             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1596568 | PA      | $1614417.65   | 5.63%             | 2044-09-15      | Variable      | 7.30%                 | Yes           |                  3 | On Loan: No      |
| Shiv Shakti Investments, LLC               | Shiv Shakti Investments, LLC                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1750000 | PA      | $1750000.00   | 6.10%             | 2026-03-15      | Variable      | 8.75%                 | Yes           |                  3 | On Loan: No      |
| KES, Inc.                                  | KES, Inc.                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    436874 | PA      | $433265.08    | 1.51%             | 2029-12-02      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| JPEG, Inc.                                 | JPEG, Inc.                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    146348 | PA      | $148511.46    | 0.52%             | 2030-08-01      | Variable      | 6.50%                 | Yes           |                  3 | On Loan: No      |
| STMX Partners, LLC                         | STMX Partners, LLC                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    463162 | PA      | $472244.26    | 1.65%             | 2030-10-15      | Variable      | 8.00%                 | Yes           |                  3 | On Loan: No      |
| Acworth Recycling, LLC                     | Acworth Recycling, LLC                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    277977 | PA      | $270294.04    | 0.94%             | 2029-12-15      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| Dorris Fitness, LLC                        | Dorris Fitness, LLC                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    490601 | PA      | $457034.47    | 1.59%             | 2030-01-28      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| Ceeport Group LLC                          | Ceeport Group LLC                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    518044 | PA      | $466788.30    | 1.63%             | 2030-03-19      | Fixed         | 6.50%                 | Yes           |                  3 | On Loan: No      |
| Kiva Holdings, LLC                         | Kiva Holdings, LLC                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    720566 | PA      | $708143.20    | 2.47%             | 2030-02-21      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| Oaks at Pooler, LLC                        | Oaks at Pooler, LLC                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5177657 | PA      | $5312793.56   | 18.51%            | 2031-04-01      | Variable      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| Duane Auto Sale LLC                        | Duane Auto Sale LLC                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    637458 | PA      | $605164.42    | 2.11%             | 2046-05-01      | Variable      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| 537 Maple Hotel LLC                        | 537 Maple Hotel LLC                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1913108 | PA      | $1634807.86   | 5.70%             | 2031-10-01      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Clarke Avenue Realty, LLC                  | Clarke Avenue Realty, LLC                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2901386 | PA      | $2496613.66   | 8.70%             | 2048-04-01      | Variable      | 5.34%                 | Yes           |                  3 | On Loan: No      |
| Roebuck Fire District                      | Roebuck Fire District                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1003286 | PA      | $900439.41    | 3.14%             | 2041-05-06      | Fixed         | 3.41%                 | Yes           |                  3 | On Loan: No      |
| Roebuck Fire District                      | Roebuck Fire District                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    156763 | PA      | $134101.74    | 0.47%             | 2041-05-06      | Fixed         | 4.41%                 | Yes           |                  3 | On Loan: No      |
| Rabits and Romano Architecture, Inc.       | Rabits and Romano Architecture, Inc.          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1374980 | PA      | $1323280.42   | 4.61%             | 2031-06-01      | Variable      | 5.88%                 | Yes           |                  3 | On Loan: No      |
| Cookson Holdings LLC, Lloyd's Hardware LLC | Cookson Holdings LLC, Lloyd's Hardware LLC    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    865304 | PA      | $902607.27    | 3.15%             | 2032-04-01      | Variable      | 6.56%                 | Yes           |                  3 | On Loan: No      |
| Limitless Sun LLC                          | Limitless Sun LLC                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    620051 | PA      | $644791.15    | 2.25%             | 2047-02-01      | Variable      | 5.95%                 | Yes           |                  3 | On Loan: No      |
| Nowlin Properties LLC                      | Nowlin Properties LLC                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1053219 | PA      | $1082182.25   | 3.77%             | 2047-03-01      | Variable      | 5.78%                 | Yes           |                  3 | On Loan: No      |
| Panorama Hospice, Inc.                     | Panorama Hospice, Inc.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    471587 | PA      | $491158.26    | 1.71%             | 2046-09-01      | Variable      | 5.85%                 | Yes           |                  3 | On Loan: No      |
| Nexelm LLC                                 | Nexelm LLC                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    447180 | PA      | $460049.59    | 1.60%             | 2047-01-01      | Variable      | 5.95%                 | Yes           |                  3 | On Loan: No      |
| Royal Foods Mendota, LLC                   | Royal Foods Mendota, LLC                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    762710 | PA      | $728990.21    | 2.54%             | 2047-04-01      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Nicholas Holdings, LLC                     | Nicholas Holdings, LLC                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2506582 | PA      | $2480137.74   | 8.64%             | 2031-10-22      | Variable      | 5.50%                 | Yes           |                  3 | On Loan: No      |
| Bonumose, Inc.                             | Bonumose, Inc.                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    331600 | PA      | $255882.45    | 0.89%             | 2028-11-07      | Fixed         | 8.70%                 | Yes           |                  3 | On Loan: No      |
| Jereme Lee James                           | Jereme Lee James                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197657 | PA      | $204494.24    | 0.71%             | 2046-02-01      | Variable      | 6.50%                 | Yes           |                  3 | On Loan: No      |
| Uncle Pops LLC                             | Uncle Pops LLC                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    626038 | PA      | $603394.07    | 2.10%             | 2046-03-01      | Variable      | 6.18%                 | Yes           |                  3 | On Loan: No      |
| Budva Properties, LLC                      | Budva Properties, LLC                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1166117 | PA      | $1203071.39   | 4.19%             | 2046-07-01      | Variable      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| Pinar Truck, Inc. and Export Track, Inc.   | Pinar Truck, Inc. and Export Track, Inc.      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    617277 | PA      | $594017.84    | 2.07%             | 2031-04-23      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Bonumose, Inc.                             | Bonumose, Inc.                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    513241 | PA      | $492120.89    | 1.71%             | 2028-11-07      | Fixed         | 7.70%                 | Yes           |                  3 | On Loan: No      |
| Designer Construction Corporation          | Designer Construction Corporation             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1961463 | PA      | $2073011.68   | 7.22%             | 2033-10-15      | Variable      | 9.00%                 | Yes           |                  3 | On Loan: No      |
| MSILF Treasury Portfolio                   | MSILF Treasury Portfolio, Class Institutional | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |    182890 | PA      | $182889.72    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-05

**Name of Applicant:** Equalize Community Development Fund

**Signature:** /s/ Joseph Gladue

**Name of Signer:** Joseph Gladue

**Title:** Principal Financial Officer