# EDGAR Filing Document

**Accession Number:** 0001582138
**File Stem:** 0001145549-25-054104
**Filing Date:** 2025-8
**Character Count:** 17876
**Document Hash:** 3750f712ad85c7fc39119b711256fc68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054104.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054104

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250630

**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:** 251260340

**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:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $33178283.05

**Total Liabilities:** $1832508.60

**Net Assets:** $31345774.45

**Cash Not Reported:** $2447.99

**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:** -2432.498931870000 | **1-Year:** 131.715377909209 | **5-Year:** 4125.218955845112 | **10-Year:** 3503.070480324302 | **30-Year:** 2247.918835379064

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.85%                | 0.32%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1939.58                | $181691.74                                 |
| Month 2  | $20870.81                | $-5724.69                                  |
| Month 3  | $-232.17                 | $124833.61                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KES, Inc.                                             | KES, Inc., Georgia, 12/9/2020                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    439373 | PA      | $433102.80    | 1.38%             | 2029-12-02      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| JPEG, Inc.                                            | JPEG, Inc., Florida, 12/11/2020                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    147338 | PA      | $142658.31    | 0.46%             | 2030-08-01      | Variable      | 6.50%                 | Yes           |                  3 | On Loan: No      |
| STMX Partners, LLC                                    | STMX Partners, LLC, Georgia, 12/16/2020                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    467466 | PA      | $447898.22    | 1.43%             | 2030-10-15      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Jereme Lee James                                      | Jereme Lee James, California, 4/7/2021                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199954 | PA      | $204704.97    | 0.65%             | 2046-02-01      | Variable      | 6.50%                 | Yes           |                  3 | On Loan: No      |
| Uncle Pops LLC                                        | Uncle Pops LLC, California, 4/23/2021                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    633305 | PA      | $646711.67    | 2.06%             | 2046-03-01      | Variable      | 6.18%                 | Yes           |                  3 | On Loan: No      |
| Budva Properties, LLC                                 | Budva Properties, LLC, Arizona, 8/6/2021                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1179595 | PA      | $1189645.38   | 3.80%             | 2046-07-01      | Variable      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| Pinar Truck, Inc.                                     | Pinar Truck, Inc., Florida, 8/23/2021                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    625169 | PA      | $597605.09    | 1.91%             | 2031-04-23      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Acworth Recylcing, LLC                                | Acworth Recycling, LLC, Georgia, 1/14/2021                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    280006 | PA      | $270409.72    | 0.86%             | 2029-12-15      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| Dorris Fitness, LLC                                   | Dorris Fitness, LLC, Georgia, 6/3/2021                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    497166 | PA      | $461042.06    | 1.47%             | 2030-01-28      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| Ceeport Group LLC                                     | Ceeport Group LLC, Florida, 6/10/2021                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    522185 | PA      | $467329.60    | 1.49%             | 2030-03-19      | Fixed         | 6.50%                 | Yes           |                  3 | On Loan: No      |
| Kiva Holdings LLC and Kiran Fitness LLC               | Kiva Holdings LLC, South Carolina, 6/17/2021                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    728048 | PA      | $703804.16    | 2.25%             | 2030-02-21      | Fixed         | 6.75%                 | Yes           |                  3 | On Loan: No      |
| Oaks at Pooler, LLC                                   | Oaks at Pooler, LLC, Georgia, 6/30/2021                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5217670 | PA      | $5279969.33   | 16.84%            | 2031-04-01      | Variable      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| Duane Auto Sale LLC                                   | Duane Auto Sale LLC, California, 5/14/2021                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    644222 | PA      | $655322.10    | 2.09%             | 2046-05-01      | Variable      | 6.25%                 | Yes           |                  3 | On Loan: No      |
| 537 Maple Hotel LLC                                   | 537 Maple Hotel LLC, New Jersey, 10/15/2021                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1928581 | PA      | $1939033.83   | 6.19%             | 2031-10-01      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Clarke Avenue Realty LLC                              | Clarke Avenue Realty LLC, Delaware, 4/4/2022                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2934436 | PA      | $2501987.89   | 7.98%             | 2048-04-01      | Variable      | 5.34%                 | Yes           |                  3 | On Loan: No      |
| Roebuck Fire District, South Carolina                 | Roebuck Fire District, South Carolina, 2/25/2022                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1003286 | PA      | $896757.35    | 2.86%             | 2041-05-06      | Fixed         | 3.41%                 | Yes           |                  3 | On Loan: No      |
| Roebuck Fire District, South Carolina                 | Roebuck Fire District, South Carolina, 1/26/2022                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    156763 | PA      | $133325.76    | 0.43%             | 2041-05-06      | Fixed         | 4.41%                 | Yes           |                  3 | On Loan: No      |
| 5205 Orange LLC, Florida                              | 5205 Orange LLC, Florida, 6/23/2022                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1386159 | PA      | $1318861.05   | 4.21%             | 2031-06-01      | Variable      | 5.88%                 | Yes           |                  3 | On Loan: No      |
| Cookson Holdings LLC, Lloyd's Hardware LLC, Wisconsin | Cookson Holdings LLC, Lloyd's Hardware LLC, Wisconsin, 4/1/2032 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    874120 | PA      | $894627.31    | 2.85%             | 2032-04-01      | Variable      | 6.56%                 | Yes           |                  3 | On Loan: No      |
| Limitless Sun LLC                                     | Limitless Sun LLC, California, 3/7/2022                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    627147 | PA      | $639069.06    | 2.04%             | 2047-02-01      | Variable      | 5.95%                 | Yes           |                  3 | On Loan: No      |
| Nowlin Properties LLC                                 | Nowlin Properties LLC, California, 3/16/2022                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1065802 | PA      | $1074318.01   | 3.43%             | 2047-03-01      | Variable      | 5.78%                 | Yes           |                  3 | On Loan: No      |
| Fred Hairabidian                                      | Fred Hairabidian, California, 5/3/2022                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    477248 | PA      | $491030.55    | 1.57%             | 2046-09-01      | Variable      | 5.85%                 | Yes           |                  3 | On Loan: No      |
| Nexelm LLC                                            | Nexelm LLC, California, 5/4/2022                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    452372 | PA      | $460587.34    | 1.47%             | 2047-01-01      | Variable      | 5.95%                 | Yes           |                  3 | On Loan: No      |
| Moses Lake Investors LLC                              | Moses Lake Investors, LLC, Washington, 9/18/2014                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    807345 | PA      | $816201.63    | 2.60%             | 2039-10-01      | Variable      | 9.75%                 | Yes           |                  3 | On Loan: No      |
| Grigorian Investments LLC                             | Grigorian Investments, LLC, California, 9/2/2014                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    442655 | PA      | $444297.16    | 1.42%             | 2039-09-15      | Variable      | 7.64%                 | Yes           |                  3 | On Loan: No      |
| Stanly Avenue Realty LLC                              | Stanley Avenue Realty, LLC, New York, 9/17/2014                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1615742 | PA      | $1630105.75   | 5.20%             | 2044-09-15      | Variable      | 6.70%                 | Yes           |                  3 | On Loan: No      |
| Shiv Shakti Investments, LLC                          | Shiv Shakti Investments, LLC, Georgia, 6/20/2017                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1750000 | PA      | $1750000.00   | 5.58%             | 2025-09-15      | Variable      | 7.75%                 | Yes           |                  3 | On Loan: No      |
| Royal Foods Mendota, LLC                              | Royal Foods Mendota, LLC, California, 5/6/2022                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    771260 | PA      | $730383.53    | 2.33%             | 2047-04-01      | Variable      | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Nicholas Holdings, LLC                                | Nicholas Holdings, LLC, Georiga, 11/8/2022                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2537723 | PA      | $2303922.63   | 7.35%             | 2031-10-22      | Variable      | 5.50%                 | Yes           |                  3 | On Loan: No      |
| Bonumose, Inc.                                        | Bonumose, Inc., Virginia, 11/8/2022                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    331600 | PA      | $295336.22    | 0.94%             | 2028-11-07      | Fixed         | 8.70%                 | Yes           |                  3 | On Loan: No      |
| Bonumose, Inc.                                        | Bonumose, Inc., Virginia, 11/8/2022                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    513241 | PA      | $527288.15    | 1.68%             | 2028-11-07      | Fixed         | 7.70%                 | Yes           |                  3 | On Loan: No      |
| Designer Construction Corporation                     | Designer Construction Corporation, 10/27/2023                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975754 | PA      | $2066935.17   | 6.59%             | 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        |    383540 | PA      | $383539.59    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

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

**Signature:** /s/ Joseph Gladue

**Name of Signer:** Joseph Gladue

**Title:** Principal Financial Officer