# EDGAR Filing Document

**Accession Number:** 0002027076
**File Stem:** 0000910472-25-004058
**Filing Date:** 2025-11
**Character Count:** 18876
**Document Hash:** 3d7ace7bef4b2e1b50e530d72eb3a33f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004058.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004058

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prospect Enhanced Yield Fund
- **CENTRAL INDEX KEY:** 0002027076

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23989
- **FILM NUMBER:** 251522824

**BUSINESS ADDRESS:**
- **STREET 1:** 10 EAST 40TH STREET, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 2124480702

**MAIL ADDRESS:**
- **STREET 1:** 10 EAST 40TH STREET, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

## Nport-Ex

Prospect

Enhanced

Yield

Fund

Schedule

of

Investments

September

30,

2025

(Unaudited)

Principal

Amount

Acquisition

Date

Maturity

Date

Fair

Value

Level

Amortized

Cost

%

Value

of

Net

Assets

COLLATERALIZED

LOAN

OBLIGATIONS

(a) —

83.67%

$

1,000,000

AGL

CLO

Ltd.,

Series

11A,

Class

ER,

10.26%

(TSFR3M

+

630BPS)

(b)(c)(d)

09/10/25

10/15/38

$

1,000,000

1,000,000

3.92%

1,000,000

Allegany

Park

CLO

Ltd.,

Series

1A,

Class

ERR,

10.60%

(TSFR3M

+

640BPS)

(b)(c)(d)

08/15/25

1/20/35

1,002,300

1,000,000

3.93%

1,000,000

Allegro

CLO

XII

Ltd.,

Class

E1R

Notes,

11.73%

(TSFR3M

+

740BPS)

(b)(c)(d)

08/13/25

7/21/37

1,003,700

1,003,214

3.93%

1,250,000

Ares

XXVII

CLO

Ltd.,

Series

2A,

Class

ER3,

11.06%

(TSFR3M

+

675BPS)

(b)(c)(d)

08/07/25

10/28/34

1,249,875

1,254,417

4.89%

1,000,000

Barings

CLO

Ltd.

2019-I,

Series

1A,

Class

ER2,

9.94%

(TSFR3M

+

600BPS)

(b)(c)(d)

09/29/25

10/15/38

1,000,000

1,000,000

3.92%

1,000,000

BCC

Middle

Market

CLO

2025-2

LLC,

Series

2A,

Class

E,

10.36%

(TSFR3M

+

650BPS)

(b) (c)(d) 09/22/25

10/22/37

1,000,000

1,000,000

3.92%

1,000,000

BlueMountain

CLO

XXIII

Ltd.,

Series

23A,

Class

ER,

12.31%

(TSFR3M

+

798BPS)

(b)(c)(d)

08/25/25

7/20/37

1,007,400

1,000,000

3.95%

1,000,000

Carlyle

US

CLO

2017-2

Ltd.,

Series

2A,

Class

ER2,

11.89%

(TSFR3M

+

756BPS)

(b)(c)(d)

08/11/25

7/20/37

1,017,800

1,017,211

3.99%

1,000,000

Carlyle

US

CLO

2020-2

Ltd.,

Series

2A,

Class

DR2,

10.22%

(TSFR3M

+

600BPS)

(b)(c)(d)

08/22/25

1/25/35

1,002,300

1,000,000

3.93%

1,000,000

Dryden

CLO

Ltd.,

Series

90A,

Class

ER,

9.80%

(TSFR3M

+

590BPS)

(b)(c)(d)

09/29/25

11/15/38

1,000,000

1,000,000

3.92%

1,175,000

Generate

CLO

Ltd.,

Series

8A,

Class

ER2,

10.68%

(TSFR3M

+

635BPS)

(b)(c)(d)

09/11/25

1/20/38

1,173,590

1,173,534

4.60%

1,100,000

KKR

CLO

Ltd.,

Series

48A,

Class

ER,

12.35%

(TSFR3M

+

609BPS)

(b)(c)(d)

09/18/25

10/20/38

1,100,000

1,089,000

4.31%

1,000,000

KKR

Financial

CLO

Ltd.,

Series

30A,

Class

ER2,

11.18%

(TSFR3M

+

686BPS)

(b)(c)(d)(e)

08/08/25

4/17/37

994,800

992,544

3.90%

1,000,000

Madison

Park

Funding

XLII

Ltd.,

Series

13A,

Class

ER2,

10.11%

(TSFR3M

+

595BPS)

(b) (c)(d) 09/17/25

11/21/30

1,000,000

1,000,000

3.92%

Prospect

Enhanced

Yield

Fund

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

Principal

Amount

Acquisition

Date

Maturity

Date

Fair

Value

Level

Amortized

Cost

%

Value

of

Net

Assets

$

1,000,000

Madison

Park

Funding

XLVII

Ltd.,

Series

47A,

Class

ER,

10.98%

(TSFR3M

+

665BPS)

(b) (c)(d) 08/20/25

4/19/37

$

1,008,400

1,004,179

3.95%

800,000

Maranon

Loan

Funding

Ltd.,

Series

25-1A,

Class

E,

10.97%

(TSFR3M

+

700BPS)

(b)(c)(d)

08/21/25

10/15/37

800,000

800,000

3.14%

1,000,000

Oaktree

CLO

2022-1

Ltd.,

Series

1A,

Class

ER,

10.35%

(TSFR3M

+

600BPS)

(b)(c)(d)

09/22/25

7/15/38

999,900

996,753

3.92%

1,000,000

Regatta

VII

Funding

Ltd.,

Series

1A,

Class

ER3,

10.34%

(TSFR3M

+

640BPS)

(b)(c)(d)

09/19/25

6/20/34

1,000,000

1,000,000

3.92%

1,000,000

Rockford

Tower

CLO

2019-2

Ltd.,

Series

2A,

Class

E,

10.52%

(TSFR3M

+

605BPS)

(b)(c)(d)

09/04/25

8/20/32

984,700

985,103

3.86%

1,000,000

TCP

Whitney

CLO

Ltd.,

Series

17-1A,

Class

ER2,

11.81%

(TSFR3M

+

775BPS)

(b)(c)(d)

08/22/25

11/20/37

1,002,400

1,000,000

3.93%

1,000,000

Voya

CLO

2013-3

Ltd.,

Series

3A,

Class

DR,

10.49%

(TSFR3M

+

590BPS)

(b)(c)(d)

09/17/25

10/18/31

999,900

1,000,000

3.92%

Total

Collateralized

Loan

Obligations

(Cost $21,315,955)

21,347,065

21,315,955

83.67%

Shares

Acquisition

Date

Fair

Value

Level

Amortized

Cost

%

Value

of

Net

Assets

MONEY

MARKET

FUNDS

—

41.77%

10,654,756

First

American

Treasury

Obligations

Fund,

Class

X,

4.02%

(f) 09/26/25

10,654,756

10,654,756

41.77%

Total

Money

Market

Funds

(Cost $10,654,756)

10,654,756

10,654,756

41.77%

Total

Investments

—

125.44%

(Cost

$31,970,711)

32,001,821

31,970,711

125.44%

Liabilities

in

Excess

of

Other

Assets

—

(25.44)%

(6,490,803)

NET

ASSETS

—

100.00%

$

25,511,018

REVERSE

REPURCHASE

AGREEMENTS

Principal

Amount

($)

Counterparty

Acquired

Date

Interest

(%)

Maturity

Fair

Value

$(702,000)

Lucid

Prime

Fund

LLC

9/24/25

5.46%

10/9/25

$(702,000)

TOTAL

REVERSE

REPURCHASE

AGREEMENTS

(Proceeds

$702,000)

Prospect

Enhanced

Yield

Fund

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

(a) The

interest

rate

on

these

investments

is

subject

to

the

base

rate

of

3-Month

Term

SOFR

(TSFR3M),

which

was

3.98%

at

September

30,

2025. The

current

base

rate

for

each

investment

may

be

different

from

the

reference

rate

on

September

30,

2025. (b) Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933. The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

As

of

September

30,

2025,

the

total

market

value

of

144A

securities

is

$21,347,065

or

83.67%

of

net

assets.

(c) Securities

exempt

from

registration

under

the

Securities

Act

of

1933,

and

are

deemed

to

be

"restricted"

securities.

As

of

September

30,

2025,

the

total

fair

value

of

these

securities

amounts

to

$21,347,065,

which

represents

83.67%

of

net

assets.

(d) Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

September

30,

2025. For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(e) This

security

has

been

pledged

as

collateral

for

securities

sold

under

agreements

to

repurchase

of

$994,800.

(f) Rate

disclosed

is

the

seven

day

effective

yield

as

of

September

30,

2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Prospect Enhanced Yield Fund

- **b. Investment Company Act file number:** 811-223989

- **c. CIK number of Registrant:** 0002027076

- **d. LEI of Registrant:** 529900CUBORCL13NNT56

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

  - **Street Address 1:** 10 East 40th Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10016

  - **Telephone number:** 212-448-0702

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

- **a. Name of Series:** Prospect Enhanced Yield Fund

- **c. LEI of Series:** 529900CUBORCL13NNT56

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $32516992.95

**Total Liabilities:** $7005974.84

**Net Assets:** $25511018.11

**Delayed Delivery Securities:** $6089000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 674.57078311 | **10-Year:** 5156.30624709 | **30-Year:** 445.49596969

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A |  |  | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $-3656.96                                  |
| Month 3  | $0.00                    | $34767.23                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BCC MIDDLE MARKET CLO 2025-2 LLC        | BCC Middle Market CLO 2025-2 LLC         | CUSIP: 055330AN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 3.92%             | 2037-10-22      | Floating      | 10.36%                | Yes           | 3                  | On Loan: No      |
| Allegro CLO XII Ltd.                    | ALLEG 2020-1A E1R                        | CUSIP: 01750UAE3<br>LEI: 254900E0ZQX4DLP7HF87 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003700.00   | 3.93%             | 2037-07-21      | Floating      | 11.73%                | Yes           | 3                  | On Loan: No      |
| KKR CLO LTD 2020-30R                    | KKR Financial CLO Ltd                    | CUSIP: 48251XAG7<br>LEI: 549300NB16RGUJOZXI16 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $994800.00    | 3.90%             | 2037-04-17      | Floating      | 11.18%                | Yes           | 3                  | On Loan: No      |
| Lucid Prime Fund LLC                    | LUCID REPO - 48251XAG7                   | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |   -702000 | PA      | $-702000.00   | -2.75%            |  |  |  | No            | N/A                | On Loan: No      |
| TCP Whitney CLO Ltd                     | TCP Whitney CLO Ltd.                     | CUSIP: 87240GAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002400.00   | 3.93%             | 2037-11-20      | Floating      | 11.81%                | Yes           | 3                  | On Loan: No      |
| OAKTREE CLO LTD 2022-1                  | Oaktree CLO 2022-1 Ltd                   | CUSIP: 67402NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999900.00    | 3.92%             | 2038-07-15      | Floating      | 10.34%                | Yes           | 3                  | On Loan: No      |
| Allegany Park Clo Ltd.                  | Allegany Park CLO Ltd                    | CUSIP: 01714PAL3<br>LEI: 549300D5KL0IVFLIND32 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002300.00   | 3.93%             | 2035-01-20      | Floating      | 10.60%                | Yes           | 3                  | On Loan: No      |
| KKR CLO 48 LTD/LLC                      | KKR CLO 48 Ltd                           | CUSIP: 48256FAG1<br>LEI: 549300GM4MA615ZG7468 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1100000.00   | 4.31%             | 2038-10-20      | Floating      | 0.00%                 | Yes           | 3                  | On Loan: No      |
| MARANON LOAN FUNDING 2025-1             | Maranon Loan Funding Ltd.                | CUSIP: 56575QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800000.00    | 3.14%             | 2037-10-15      | Floating      | 10.97%                | Yes           | 3                  | On Loan: No      |
| Agl Clo 11 Ltd / Llc                    | AGL CLO 11 Ltd                           | CUSIP: 00851RAE0<br>LEI: 549300G9RL3BICT9HA62 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 3.92%             | 2038-10-15      | Floating      | 10.26%                | Yes           | 3                  | On Loan: No      |
| First American Funds Inc.               | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  10654756 | PA      | $10654755.80  | 41.77%            |  |  |  | No            | 1                  | On Loan: No      |
| Madison Park Funding XLII Ltd           | Madison Park Funding XLII Ltd            | CUSIP: 55822UAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 3.92%             | 2030-11-21      | Floating      | 10.11%                | Yes           | 3                  | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC               | Carlyle US Clo 2017-2 Ltd                | CUSIP: 14315KAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1017800.00   | 3.99%             | 2037-07-20      | Floating      | 11.89%                | Yes           | 3                  | On Loan: No      |
| Ares XXVII CLO Ltd / Ares XXVII CLO LLC | Ares XXVII CLO Ltd.                      | CUSIP: 00191CAL6<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1249875.00   | 4.90%             | 2034-10-28      | Floating      | 11.06%                | Yes           | 3                  | On Loan: No      |
| Voya Clo Ltd 2013-3R                    | Voya CLO 2013-3 Ltd                      | CUSIP: 92917VAA8<br>LEI: 5493003QPCHR7P2XIW55 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999900.00    | 3.92%             | 2031-10-18      | Floating      | 10.49%                | Yes           | 3                  | On Loan: No      |
| Carlyle US CLO 2020-2 Ltd               | Carlyle US CLO 2020-2 Ltd                | CUSIP: 14315HAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002300.00   | 3.93%             | 2035-01-25      | Floating      | 10.22%                | Yes           | 3                  | On Loan: No      |
| Barings Clo 2018-III LLC                | Barings CLO Ltd 2019-I                   | CUSIP: 06759KAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 3.92%             | 2038-10-15      | Floating      | 9.94%                 | Yes           | 3                  | On Loan: No      |
| MADISON PARK FUNDING                    | Madison Park Funding XLVII Ltd           | CUSIP: 55820GAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008400.00   | 3.95%             | 2037-04-19      | Floating      | 10.98%                | Yes           | 3                  | On Loan: No      |
| GENERATE CLO LTD 2020-8R                | Generate CLO 8 Ltd                       | CUSIP: 37148GAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1175000 | PA      | $1173590.00   | 4.60%             | 2038-01-20      | Floating      | 10.68%                | Yes           | 3                  | On Loan: No      |
| Regatta VII Funding Ltd                 | Regatta VII Funding Ltd                  | CUSIP: 75887TBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 3.92%             | 2034-06-20      | Floating      | 10.34%                | Yes           | 3                  | On Loan: No      |
| Bluemountain CLO XXIII LTD / LLC        | BlueMountain CLO XXIII Ltd               | CUSIP: 09629RAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007400.00   | 3.95%             | 2037-07-20      | Floating      | 12.31%                | Yes           | 3                  | On Loan: No      |
| Dryden 90 CLO LTD/LLC                   | Dryden 90 Clo Ltd                        | CUSIP: 26251KAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 3.92%             | 2038-11-15      | Floating      | 9.80%                 | Yes           | 3                  | On Loan: No      |
| Rockford Tower CLO 2019-2 Ltd.          | Rockford Tower CLO 2019-2 Ltd            | CUSIP: 77341FAE2<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $984700.00    | 3.86%             | 2032-08-20      | Floating      | 10.52%                | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Prospect Funds

**Signature:** Zak Richmond

**Name of Signer:** Zak Richmond

**Title:** SVP, Financial Administration