# EDGAR Filing Document

**Accession Number:** 0001843499
**File Stem:** 0001193125-25-330034
**Filing Date:** 2025-12
**Character Count:** 14597
**Document Hash:** 9c74a33979827efa487d029167a73768
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-330034.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001193125-25-330034

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AFA ASSET BASED LENDING FUND
- **CENTRAL INDEX KEY:** 0001843499

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23636
- **FILM NUMBER:** 251595871

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.,
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MLWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 4142992200

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.,
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MLWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AFA Multi-Manager Credit Fund
- **DATE OF NAME CHANGE:** 20250219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AFA Asset Based Lending Fund
- **DATE OF NAME CHANGE:** 20250219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AFA Private Credit Fund
- **DATE OF NAME CHANGE:** 20230919

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AFA Asset Based Lending Fund

- **b. Investment Company Act file number:** 811-23636

- **c. CIK number of Registrant:** 0001843499

- **d. LEI of Registrant:** 5493009DDN2GWTVIL575

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

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 4142992270

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

- **a. Name of Series:** AFA Asset Based Lending Fund

- **c. LEI of Series:** 5493009DDN2GWTVIL575

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $279443468.79

**Total Liabilities:** $17451722.66

**Net Assets:** $261991746.13

**Cash Not Reported:** $272121.57

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.65%                | 0.46%                | 0.44%                |
| Class ID N/A | 0.65%                | 0.46%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-34688.88                                 |
| Month 2  | $0.00                    | $418519.63                                 |
| Month 3  | $0.00                    | $481134.68                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| COVENTURE CREDIT OPP PARTNERS FUND LP   /     | COVENTURE CREDIT OPP PARTNERS FUND LP   /     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $7947881.71   | 3.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /               | UMB MONEY MARKET II SPECIAL   /               | CUSIP: SF8888651<br>LEI: N/A | Long             | STIV             | CORP              | US        |    493037 | PA      | $493037.34    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| LYNX EBO OFFSHORE FUND II(B) SP   /           | LYNX EBO OFFSHORE FUND II(B) SP   /           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $119957.14    | 0.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| OHPC LP OHPC LP   /                           | OHPC LP OHPC LP   /                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $17724192.35  | 6.77%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TRISTATE BANK AFA   /                         | TRISTATE BANK AFA   /                         | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             | CORP              | US        |   7424349 | PA      | $7424349.40   | 2.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Coromandel    /                               | Coromandel    /                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10606669.14  | 4.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Callodine Perpetual    /                      | Callodine Perpetual    /                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $11089789.20  | 4.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EAFJ ESQ Fund LP    /                         | EAFJ ESQ Fund LP    /                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $17147918.32  | 6.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AFA Evolution    /                            | AFA Evolution    /                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $14656141.53  | 5.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Feenix High, Inc.. LP    /                    | Feenix High, Inc.. LP    /                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $4174604.42   | 1.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FVP Opportunity Fund    /                     | FVP Opportunity Fund    /                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $12173267.95  | 4.65%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HFD - 02/14/2027 LOAN PARTICIPATION   /       | HFD - 02/14/2027 LOAN PARTICIPATION   /       | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $1829620.29   | 0.70%             | 2027-02-14      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| KANMON - 11/15/2026 LOAN PARTICIPATION   /    | KANMON - 11/15/2026 LOAN PARTICIPATION   /    | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $3019428.85   | 1.15%             | 2026-11-15      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Leonid Credit Income Fund LP   /              | Leonid Credit Income Fund LP   /              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10735129.24  | 4.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MATTERHORN    /                               | MATTERHORN    /                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $7175328.86   | 2.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Medalist Asset-Based Credit Fund III LP   /   | Medalist Asset-Based Credit Fund III LP   /   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10029171.00  | 3.83%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MAVIK REAL ESTATE SPEC OPPOR FUND LP   /      | MAVIK REAL ESTATE SPEC OPPOR FUND LP   /      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $8859907.44   | 3.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nebari Cayman SPC ONSHORE   /                 | Nebari Cayman SPC ONSHORE   /                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $1510902.44   | 0.58%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nebari Cayman SPC OFFSHORE   /                | Nebari Cayman SPC OFFSHORE   /                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $1017706.81   | 0.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 1543 Oceania Credit Opportunities Fund   /    | 1543 Oceania Credit Opportunities Fund   /    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $15259361.67  | 5.82%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MURAL PARK LOAN PARTICIPATION   /             | MURAL PARK LOAN PARTICIPATION   /             | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $5357389.03   | 2.04%             | 2027-03-21      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Pier Special OpportunitiesFund LP   /         | Pier Special OpportunitiesFund LP   /         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $13930491.90  | 5.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ROCADE CAPITAL FUND IV LP   /                 | ROCADE CAPITAL FUND IV LP   /                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $18581826.15  | 7.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ROYERSFORD ALCOVA ORIGINATION   /             | ROYERSFORD ALCOVA ORIGINATION   /             | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $2908708.17   | 1.11%             | 2025-12-23      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Rivonia Road Fund LP    /                     | Rivonia Road Fund LP    /                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $15133629.78  | 5.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SI TIX TERM LOAN    /                         | SI TIX TERM LOAN    /                         | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $3027561.89   | 1.16%             | 2028-08-25      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| TA TRAVEL LOAN PARTICIPATION   /              | TA TRAVEL LOAN PARTICIPATION   /              | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $2341758.24   | 0.89%             | 2026-02-25      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| AFA WHITEHAWK    /                            | AFA WHITEHAWK    /                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $15757178.28  | 6.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AF FUNDING XII LLC 10/05/2025   /             | AF FUNDING XII LLC 10/05/2025   /             | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $812393.61    | 0.31%             | 2026-10-05      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| NCP APN LLC 06/16/27 - SOFR+10%   /           | NCP APN LLC 06/16/27 - SOFR+10%   /           | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $4086284.36   | 1.56%             | 2027-06-16      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Bastion Funding V LP Bastion Funding V LP   / | Bastion Funding V LP Bastion Funding V LP   / | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $18732014.95  | 7.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Callodine Asset Based LoanFund II LP   /      | Callodine Asset Based LoanFund II LP   /      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $4053320.32   | 1.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ALCOVA CAPITAL YIELD PREMIUM FUND LP   /      | ALCOVA CAPITAL YIELD PREMIUM FUND LP   /      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10167641.96  | 3.88%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-11-05

**Name of Applicant:** AFA Asset Based Lending Fund

**Signature:** /s/ Rafi Labourdette

**Name of Signer:** Rafi Labourdette

**Title:** Chief Financial Officer