# EDGAR Filing Document

**Accession Number:** 0001495222
**File Stem:** 0001145549-25-050889
**Filing Date:** 2025-8
**Character Count:** 290807
**Document Hash:** 1740437972f86e32bc67e778ddc995dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050889.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001145549-25-050889

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oxford Lane Capital Corp.
- **CENTRAL INDEX KEY:** 0001495222

**ORGANIZATION NAME:**
- **EIN:** 272859071
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22432
- **FILM NUMBER:** 251193598

**BUSINESS ADDRESS:**
- **STREET 1:** 8 SOUND SHORE DRIVE
- **STREET 2:** SUITE 255
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** (203) 983-5275

**MAIL ADDRESS:**
- **STREET 1:** 8 SOUND SHORE DRIVE
- **STREET 2:** SUITE 255
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited)<br> ****  | (Unaudited)<br> ****  | (Unaudited)<br> ****  | (Unaudited)<br> ****  | (Unaudited)<br> ****  | (Unaudited)<br> ****  |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Debt Investments</u>** |  |  |  |  |  |
| **<u>Structured Finance - Debt Investments</u>** |  |  |  |  |  |
| **Apex Credit CLO 2019 Ltd.** |  |  |  |  |  |
| CLO secured notes - Class FRR(3)(17), 14.72% (SOFR + 10.45%, due July 18, 2037) | 07/31/2024 | $2775000 | $2332795 | $2361248 |  |
| **Ares XXXVII CLO Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ER(3)(17), 11.79% (SOFR + 7.53%, due October 15, 2030) | 06/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5882539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6978800 |  |
| **BlueMountain CLO 2015-4 Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ER(3)(17), 10.48% (SOFR + 6.21%, due April 20, 2030) | 01/19/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 811158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775648 |  |
| **BlueMountain CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(17), 12.75% (SOFR + 8.47%, due July 30, 2030) | 11/18/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7177268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2873850 |  |
| **BlueMountain Fuji US CLO II Ltd.** |  |  |  |  |  |
| CLO secured notes - Class D(3)(17), 10.68% (SOFR + 6.41%, due October 20, 2030) | 11/09/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4084910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4412750 |  |
| **Highbridge Loan Management 5-2015, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class FRR(3)(17), 12.52% (SOFR + 8.26%, due October 15, 2030) | 08/03/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3954839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2504688 |  |
| **Highbridge Loan Management 2013-2, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ER(3)(17), 12.78% (SOFR + 8.51%, due October 20, 2029) | 04/20/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2267473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1080500 |  |
| **Midocean Credit CLO VI** |  |  |  |  |  |
| CLO secured notes - Class F(3)(17), 12.54% (SOFR + 8.27%, due April 20, 2033) | 03/12/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3479808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3282800 |  |
| **Nassau 2017-II Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6)(17), 10.77% (SOFR + 6.51%, due January 15, 2030) | 01/07/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7088631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6752981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2740465 |  |
| **Octagon Investment Partners 36, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(17), 12.27% (SOFR + 8.01%, due April 15, 2031) | 09/08/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426900 |  |
| **OZLM IX, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ERR(3)(17), 12.87% (SOFR + 8.60%, due October 20, 2031) | 06/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2685577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2148750 |  |
| **Rockford Tower CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(17), 11.61% (SOFR + 7.34%, due July 20, 2035) | 05/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3721338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3694500 |  |
| **Sound Point CLO V-R, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(6)(17), 12.63% (SOFR + 8.36%, due July 18, 2031) | 05/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1426559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1104187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153498 |  |
| **Total Structured Finance - Debt Investments** |  |  | $44696323 | $33434397 | 1.68% |
| **Total Collateralized Loan Obligation - Debt Investments** |  |  | $44696323 | $33434397 | 1.68% |
| **<u>Collateralized Loan Obligation - Equity Investments</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u>** |  |  |  |  |  |
| **522 Funding CLO I Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.08%, maturity April 15, 2035) | 03/03/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12403141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200118 |  |
| **AGL CLO 40 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 16.54%, maturity July 22, 2038) | 03/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37157500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36575024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35069249 |  |
| **AIMCO CLO, Series 2015-A** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 13.20%, maturity October 17, 2034) | 08/25/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13548313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7296655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5825775 |  |
| **AIMCO CLO 10, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.37%, maturity July 22, 2037) | 01/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30849600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19341430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18047016 |  |
| **AIMCO CLO 26, Ltd.** |  |  |  |  |  |
| CLO preferred shares(4)(5)(7), (Estimated yield 16.73%, maturity September 19, 2026) | 09/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13350000 |  |
| **AIG CLO 2018-1, LLC** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.03%, maturity April 20, 2037) | 04/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20518400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13355939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12721408 |  |
| **Allegro CLO II-S, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity October 21, 2028) | 02/06/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3670680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Allegro CLO XII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 24.48%, maturity July 21, 2037) | 04/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6971878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7362320 |  |
| **Allegro CLO XIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.72%, maturity July 20, 2034) | 05/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6344902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6462820 |  |
| **ALM VII(R), Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 19.13%, maturity January 15, 2036) | 09/05/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8688209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6265600 |  |
| **ALM XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 15, 2028) | 03/04/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **AMMC CLO XII, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity November 10, 2030) | 09/10/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2441141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121750 |  |
| **AMMC CLO 25, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.46%, maturity April 15, 2035) | 04/27/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13624204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12730000 |  |
| **Anchorage Capital CLO 1-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity April 13, 2031) | 08/13/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128790 |  |
| *(Continued on next page)* |  |  |  |  |  |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Anchorage Capital CLO 4-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11)(19), (Estimated yield 0.00%, maturity January 28, 2031) | 05/20/2019 | $9000000 | $511015 | $50400 |  |
| **Anchorage Capital CLO 5-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 15, 2030) | 07/16/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 734817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79216 |  |
| **Anchorage Capital CLO 17, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.74%, maturity February 15, 2038) | 06/04/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40911000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24393682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22501050 |  |
| **Anchorage Capital CLO 25, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.22%, maturity April 20, 2035) | 04/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6035263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4200000 |  |
| **Apex Credit CLO 2018 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity April 25, 2031) | 03/14/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372600 |  |
| **Apex Credit CLO 2019 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 11.47%, maturity July 18, 2037) | 05/13/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11225256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5649217 |  |
| **Apex Credit CLO 2019-II Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.76%, maturity January 25, 2038) | 10/27/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1739556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1205837 |  |
| **Apidos CLO XVIII-R** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 27.42%, maturity January 22, 2038) | 06/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14986100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5633330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7193328 |  |
| **Apidos CLO XX** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 43.38%, maturity July 16, 2031) | 03/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2402226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2788000 |  |
| **Apidos CLO XXIII** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.94%, maturity April 15, 2033) | 04/01/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2843411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2607500 |  |
| **Apidos CLO LI, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 13.75%, maturity January 20, 2037) | 12/18/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15443831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14683200 |  |
| **Ares XXVII CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 11.81%, maturity October 28, 2034) | 03/06/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27871690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11739564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8187812 |  |
| **Ares XXXIV CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.49%, maturity April 17, 2033) | 08/30/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7258723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4312293 |  |
| **Ares XXXVR CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 15, 2030) | 09/13/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42000 |  |
| **Ares XXXVII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity October 15, 2030) | 02/12/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4971680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2644964 |  |
| **Ares XL CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 15, 2029) | 11/30/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41274000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 813098 |  |
| **Ares XLII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 22, 2028) | 06/23/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21910000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2641390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175280 |  |
| **Ares XLIV CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 22.05%, maturity April 15, 2034) | 12/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30746218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21556774 |  |
| **Ares XLVI CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 15, 2030) | 01/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56960 |  |
| **Ares XLIX CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.31%, maturity October 22, 2037) | 08/19/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4145273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3857785 |  |
| **Ares LVII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.48%, maturity January 25, 2035) | 08/22/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12387657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8795129 |  |
| **Ares LXI CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.26%, maturity April 20, 2037) | 08/25/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9660874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6175000 |  |
| **Ares LXVII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 25.62%, maturity January 25, 2038) | 10/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26046000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19633199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23370788 |  |
| **Ares Loan Funding VII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.19%, maturity October 22, 2037) | 08/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31341195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28558890 |  |
| **Ares Loan Funding VIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 16.97%, maturity January 24, 2038) | 12/19/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56782000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46632890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46780392 |  |
| **Ares Loan Funding IX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 19.00%, maturity March 31, 2038) | 03/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10760339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11137500 |  |
| **Atlas Senior Loan Funding XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.58%, maturity October 20, 2034) | 09/20/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3952563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2460000 |  |
| **Atlas Senior Loan Fund XVIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 13.61%, maturity January 18, 2035) | 04/21/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3646137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2310000 |  |
| **Atrium XV** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 11.41%, maturity July 16, 2037) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23394737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12748299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10527632 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Barings CLO Ltd. 2019-III** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.64%, maturity January 20, 2036) | 05/28/2025 | $30726502 | $14600772 | $13780836 |  |
| **BBAM US CLO I, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.71%, maturity March 30, 2038) | 05/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12382891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11598369 |  |
| **BlueMountain CLO 2015-4 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity April 20, 2030) | 07/22/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9644700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1426128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120559 |  |
| **BlueMountain CLO 2016-3 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.13%, maturity November 15, 2030) | 08/18/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9897500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2540049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1321316 |  |
| **BlueMountain CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 30, 2030) | 01/14/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94500 |  |
| **BlueMountain CLO 2018-3 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity October 25, 2030) | 06/11/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3607291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1277020 |  |
| **BlueMountain CLO XXXI Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 21.81%, maturity April 19, 2034) | 04/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16782602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9726094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6880867 |  |
| **BlueMountain CLO XXXIV Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 9.98%, maturity April 20, 2035) | 03/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9080138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5564000 |  |
| **BlueMountain Fuji US CLO II Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity October 20, 2030) | 02/13/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7617219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 839400 |  |
| **Carlyle Global Market Strategies CLO 2013-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11)(19), (Estimated yield 0.00%, maturity January 18, 2029) | 03/19/2013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16098067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1167135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25757 |  |
| **Carlyle Global Market Strategies CLO 2013-4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 15, 2031) | 09/29/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356700 |  |
| **Carlyle Global Market Strategies CLO 2014-5, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 15, 2031) | 03/27/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7134333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1447980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142687 |  |
| **Carlyle Global Market Strategies CLO 2016-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 36.15%, maturity July 20, 2034) | 06/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35445614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5456516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5848526 |  |
| **Carlyle US CLO 2020-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.46%, maturity January 20, 2038) | 08/04/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28783404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15467586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15830872 |  |
| **Carlyle US CLO 2020-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 6.76%, maturity January 25, 2035) | 10/21/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14558333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9352229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6114500 |  |
| **Carlyle US CLO 2021-8, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 7.14%, maturity October 15, 2034) | 08/24/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43287500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28205482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20345125 |  |
| **Carlyle US CLO 2021-11, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.21%, maturity July 25, 2039) | 09/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35949200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17611524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15098664 |  |
| **Carlyle US CLO 2022-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 11.08%, maturity April 20, 2037) | 04/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22282029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16969400 |  |
| **Carlyle US CLO 2024-6, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 16.08%, maturity October 25, 2037) | 10/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48222222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42653367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38095555 |  |
| **Carlyle US CLO 2025-B, Ltd.** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 24.40%, maturity January 22, 2027) | 02/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27590000 |  |
| **Carlyle US CLO 2025-E, Ltd.** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 19.05%, maturity May 20, 2027) | 05/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8900000 |  |
| **Carlyle US CLO 2025-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 16.66%, maturity July 25, 2038) | 05/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54824000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44679980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43859200 |  |
| **Cathedral Lake CLO 2013, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11)(19), (Estimated yield 0.00%, maturity October 15, 2029) | 05/31/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2765917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81130 |  |
| **Catskill Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity April 20, 2029) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7942500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74660 |  |
| **CBAM 2019-10, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.23%, maturity April 20, 2032) | 01/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6462352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 |  |
| **CBAM 2021-14, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 5.97%, maturity April 20, 2034) | 03/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13325262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7488000 |  |
| **CBAMR 2021-15, LLC** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 20.70%, maturity January 20, 2038) | 05/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28883687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13010007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13286496 |  |
| **Cedar Funding IV CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.31%, maturity January 23, 2038) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21751321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20873600 |  |
| **Cedar Funding VIII CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 23.95%, maturity January 17, 2038) | 01/28/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59507500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26597706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29158675 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Cedar Funding X CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.67%, maturity October 20, 2037) | 12/16/2024 | $18000000 | $12021453 | $11160000 |  |
| **Cedar Funding XII CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.37%, maturity January 25, 2038) | 03/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32008575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24497604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24006431 |  |
| **Cedar Funding XIV CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 18.14%, maturity October 15, 2037) | 12/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11840358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10446900 |  |
| **Cedar Funding XV CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.06%, maturity April 20, 2035) | 02/16/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24259979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19171600 |  |
| **CIFC Funding 2014-III, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(11), (Estimated yield 22.35%, maturity March 31, 2038) | 03/06/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24208500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14376425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15977610 |  |
| **CIFC Funding 2021-VII, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 9.74%, maturity January 23, 2035) | 10/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22194964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16911000 |  |
| **CIFC Ravello Warehouse, Ltd.** |  |  |  |  |  |
| CLO preferred shares(4)(5)(7), (Estimated yield 17.90%, maturity September 18, 2026) | 10/09/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17840000 |  |
| **Columbia Cent CLO 28 Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity November 07, 2030) | 01/14/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9083733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 |  |
| **Columbia Cent CLO 32 Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.09%, maturity July 24, 2034) | 10/04/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17687500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10035411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5660000 |  |
| **Crestline Denali CLO XVI, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 20, 2030) | 06/10/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2445157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1201200 |  |
| **Croton Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 13.09%, maturity October 15, 2037) | 08/28/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39968709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36326995 |  |
| **Dryden 38 Senior Loan Fund** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 15, 2030) | 09/23/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2305987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516140 |  |
| **Dryden 53 CLO, LLC** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity January 15, 2031) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9640783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1027313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530243 |  |
| **Dryden 75 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.81%, maturity April 14, 2034) | 08/17/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10499701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9428786 |  |
| **Dryden 76 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.89%, maturity October 15, 2037) | 09/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21989000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8933773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7159126 |  |
| **Dryden 78 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 12.59%, maturity April 17, 2037) | 07/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19913726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11777361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8164628 |  |
| **Dryden 86 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.32%, maturity July 17, 2034) | 03/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21780532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10958500 |  |
| **Dryden 87 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.56%, maturity May 20, 2034) | 08/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13937091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11610000 |  |
| **Dryden 92 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 16.75%, maturity November 20, 2034) | 07/18/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3445064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2590000 |  |
| **Dryden 106 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.85%, maturity October 15, 2037) | 10/18/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32302500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23548959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20278317 |  |
| **Dryden 108 CLO. Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.01%, maturity July 18, 2037) | 06/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21684159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17732000 |  |
| **Elevation CLO 2020-11, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 11.19%, maturity October 15, 2037) | 02/21/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62021052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28484383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17986105 |  |
| **Elevation CLO 2021-12, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 8.32%, maturity April 20, 2037) | 02/11/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44245037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21764017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13273511 |  |
| **Elevation CLO 2021-14, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 11.21%, maturity January 20, 2038) | 09/21/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52930905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28652897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20643053 |  |
| **Elm CLO 2014-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.37%, maturity April 17, 2034) | 06/13/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7691444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6709500 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Elmwood CLO V Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.79%, maturity October 20, 2037) | 01/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8289157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6245200 |
| **Elmwood CLO VI, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 13.98%, maturity July 18, 2037) | 07/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23677000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16338633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12548810 |
| **Elmwood CLO XII Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 19.94%, maturity October 15, 2037) | 07/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18427923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16447500 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Elmwood CLO 14 Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 7.87%, maturity April 20, 2035) | 07/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18754961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12969000 |
| **Elmwood CLO 16 Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 7.87%, maturity April 20, 2037) | 03/18/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26161588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17932500 |
| **Elmwood CLO 27 Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 9.13%, maturity April 18, 2037) | 03/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44412500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35369754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24871000 |
| *(Continued on next page)* |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Elmwood CLO 38 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 14.07%, maturity April 22, 2038) | 01/17/2025 | $49662000 | $41653476 | $37246500 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Franklin Park Place CLO I** |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 21.93%, maturity April 14, 2038) | 05/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29915743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15282432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15556186 |
| **Generate CLO 11 Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 17.83%, maturity October 20, 2037) | 02/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12811291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11408250 |
| **Gulf Stream Meridian 5 Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 17.17%, maturity October 15, 2039) | 09/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14423684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7487511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6734708 |
| **Highbridge Loan Management 3-2014, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 18, 2029) | 06/19/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4757446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2550 |
| **Highbridge Loan Management 5-2015, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity October 15, 2030) | 08/03/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1698289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409313 |
| **HPS Loan Management 10-2016, Ltd.** |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 17.88%, maturity April 20, 2034) | 10/21/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24460380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10975313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6359699 |
| **HPS Loan Management 2021-16, Ltd.** |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 6.88%, maturity January 23, 2035) | 11/12/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32364000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22452092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14887440 |
| **ICG US CLO 2014-1, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.28%, maturity October 20, 2034) | 03/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28687500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5233183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3012188 |
| **ICG US CLO 2018-2, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 22, 2031) | 05/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2264270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 926220 |
| **Kings Park CLO, Ltd.** |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 13.25%, maturity January 21, 2035) | 12/07/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40627500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24883414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19907475 |
| **Lakeside Park CLO, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 17.03%, maturity April 15, 2038) | 03/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55824333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44533369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42236690 |
| **LCM 35 Ltd.** |  |  |  |  |
| CLO income notes(5)(7)(19), (Estimated yield 0.00%, maturity October 15, 2034) | 10/28/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16337867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5908485 |
| **LCM 40 Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 29.44%, maturity January 15, 2038) | 04/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10591740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11107286 |
| **Madison Park Funding XI, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 23, 2029) | 01/21/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184300 |
| **Madison Park Funding XIII, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11)(19), (Estimated yield 0.00%, maturity April 19, 2030) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814850 |
| **Madison Park Funding XXI, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.64%, maturity October 15, 2032) | 01/26/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4096205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2380000 |
| **Madison Park Funding XXIV, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.93%, maturity October 20, 2029) | 03/28/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3568750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1346979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963563 |
| **Madison Park Fund XLI, Ltd. (fka: Atrium XII CLO)** |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity April 22, 2027) | 10/08/2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343860 |
| **Magnetite XLV, Limited** |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 17.28%, maturity April 15, 2038) | 03/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46348375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45318075 |
| **Magnetite XLVII, Limited** |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 12.26%, maturity January 25, 2038) | 10/17/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50484000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50308851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44385533 |
| **Magnetite 50, Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 16.43%, maturity July 25, 2038) | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48817000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44093493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43935300 |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 21.15%, maturity February 21, 2027) | 03/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17800000 |
| **Marble Point CLO XVI Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 14.27%, maturity November 16, 2034) | 04/17/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7861185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6100000 |
| **Marble Point CLO XVII Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.20%, maturity July 20, 2037) | 05/09/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8220424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7650000 |
| **Marble Point CLO XVIII Ltd.** |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.86%, maturity March 15, 2038) | 01/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48185419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29528878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25538272 |
| *(Continued on next page)* |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Marble Point CLO XXIV Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.68%, maturity April 20, 2035) | 01/24/2023 | $27190000 | $17156297 | $12507400 |  |
| **Mariner CLO 8, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 20.05%, maturity October 20, 2037) | 11/08/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12439280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6983362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6592818 |  |
| **Medalist Partners Corporate Finance CLO VI Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.00%, maturity April 17, 2033) | 09/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14826000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4422771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4151280 |  |
| **Midocean Credit CLO II** |  |  |  |  |  |
| CLO income notes(5)(7)(19), (Estimated yield 0.00%, maturity January 29, 2030) | 06/17/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3256849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1360 |  |
| **Midocean Credit CLO III** |  |  |  |  |  |
| CLO income notes(5)(7)(19), (Estimated yield 0.00%, maturity April 21, 2031) | 04/24/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5610318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1665 |  |
| **Midocean Credit CLO VI** |  |  |  |  |  |
| CLO income notes(5)(7)(19), (Estimated yield 0.00%, maturity April 20, 2033) | 11/08/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14326080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2673000 |  |
| **Milford Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.48%, maturity January 20, 2038) | 05/12/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27960000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21750675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24850848 |  |
| **MP CLO VIII, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 7.98%, maturity April 28, 2034) | 11/10/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3587833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1430000 |  |
| **Nassau 2017-II Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(19), (Estimated yield 0.00%, maturity January 15, 2030) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8200260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2440 |  |
| **Neuberger Berman CLO XIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10), (Estimated yield 11.24%, maturity January 28, 2030) | 01/26/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974220 |  |
| **Neuberger Berman CLO XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 14.50%, maturity July 22, 2038) | 06/13/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73756250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16840011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15120031 |  |
| **Nyack Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 11.60%, maturity October 20, 2034) | 09/02/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23453454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18880000 |  |
| **Oaktree CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity October 20, 2030) | 08/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69325 |  |
| **Oaktree CLO 2019-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity April 22, 2030) | 06/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142500 |  |
| **Oaktree CLO 2019-2 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 17.00%, maturity October 15, 2037) | 01/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19929114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18040000 |  |
| **Oaktree CLO 2019-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.22%, maturity January 20, 2038) | 02/21/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42243480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28277027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26190958 |  |
| **Oaktree CLO 2019-4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.76%, maturity July 20, 2037) | 05/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6366737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6300000 |  |
| **Oaktree CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.86%, maturity June 25, 2038) | 05/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32722223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23450218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20287778 |  |
| **Oaktree CLO 2022-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.37%, maturity October 15, 2037) | 05/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28888919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28305000 |  |
| **OCP CLO 2015-10, Ltd.** |  |  |  |  |  |
| CLO preference shares(5)(7)(11), (Estimated yield 18.59%, maturity January 26, 2038) | 07/06/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15554705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15112350 |  |
| **OCP CLO 2016-11, Ltd.** |  |  |  |  |  |
| CLO preference shares(5)(7)(11), (Estimated yield 15.09%, maturity July 26, 2038) | 05/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21487103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18842250 |  |
| **OCP CLO 2020-18, Ltd.** |  |  |  |  |  |
| CLO preference shares(5)(7), (Estimated yield 15.63%, maturity July 20, 2037) | 08/16/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17943993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15643400 |  |
| **Octagon Investment Partners XXII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity January 22, 2030) | 06/07/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4822368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160275 |  |
| **Octagon Investment Partners 31, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 20, 2030) | 01/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234600 |  |
| **Octagon Investment Partners 36, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity April 15, 2031) | 08/24/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1726887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322812 |  |
| **Octagon Investment Partners 38, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.26%, maturity October 20, 2037) | 09/13/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27930029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7671841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5586006 |  |
| **Octagon Investment Partners 40, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.92%, maturity January 20, 2035) | 02/14/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6906169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4435000 |  |
| **Octagon Investment Partners 41, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 22.35%, maturity October 15, 2033) | 01/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7222902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5590544 |  |
| **Octagon Investment Partners 42, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 18.15%, maturity July 15, 2037) | 08/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31965078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12793312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10952366 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Octagon Investment Partners 47, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.82%, maturity January 22, 2038) | 10/19/2023 | $52689000 | $25684125 | $22772186 |  |
| **Octagon Investment Partners 48, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 13.68%, maturity January 15, 2039) | 07/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8913127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7448210 |  |
| **Octagon 52, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 18.78%, maturity July 23, 2037) | 06/05/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33926829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23620208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21034634 |  |
| **Octagon 57, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(11), (Estimated yield 7.48%, maturity October 15, 2034) | 10/13/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20633665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11749905 |  |
| **Octagon 60, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.13%, maturity October 20, 2037) | 09/08/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29128471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26812500 |  |
| **Octagon 64, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 24.37%, maturity July 21, 2037) | 06/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27662565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27280000 |  |
| **Octagon 75, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 16.67%, maturity January 22, 2038) | 01/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53044000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48235622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44026520 |  |
| **OCP CLO 2024-34, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.84%, maturity October 15, 2037) | 07/02/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28523507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24024000 |  |
| **OCP CLO 2024-37, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 14.71%, maturity October 15, 2037) | 09/27/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27035000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24662661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21898350 |  |
| **OFSI BSL VIII, Ltd.** |  |  |  |  |  |
| CLO preferred shares(5)(7)(19), (Estimated yield 0.00%, maturity August 16, 2029) | 04/26/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2749418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 612000 |  |
| **OFSI BSL X, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 21.29%, maturity April 20, 2034) | 08/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14582896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8151000 |  |
| **Onex CLO Subsidiary 2023-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.70%, maturity April 23, 2037) | 03/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30160305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22784000 |  |
| **Onex CLO Subsidiary 2025-F, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 16.48%, maturity May 21, 2038) | 04/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40043541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38597075 |  |
| **OZLM VII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 17, 2029) | 01/29/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21891673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1615141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119644 |  |
| **OZLM IX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity October 20, 2031) | 06/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 |  |
| **OZLM XXIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 23.04%, maturity October 15, 2037) | 05/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13786460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12510734 |  |
| **OZLM XIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.74%, maturity January 15, 2038) | 12/07/2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35176667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13856246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10044106 |  |
| **OZLM XIX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.63%, maturity January 15, 2035) | 04/29/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42795000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18615160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12732160 |  |
| **Peace Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.01%, maturity October 20, 2034) | 03/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13195892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10687500 |  |
| **Pixley Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 15.09%, maturity January 15, 2037) | 11/27/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47423012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44367657 |  |
| **Polus US CLO I Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.55%, maturity October 20, 2037) | 06/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6067300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 |  |
| **Post CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.98%, maturity October 16, 2037) | 06/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29282500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11004466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10980938 |  |
| **Regatta VI Funding Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 9.13%, maturity April 20, 2034) | 10/21/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9270183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6160000 |  |
| **Regatta X Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 24.06%, maturity July 17, 2037) | 05/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6687979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6794000 |  |
| **Regatta XIV Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11), (Estimated yield 42.26%, maturity October 25, 2031) | 02/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1886285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2751410 |  |
| **Regatta XVIII Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.27%, maturity April 15, 2038) | 02/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29740356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18927575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19331231 |  |
| **Regatta XXII Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.40%, maturity July 20, 2035) | 05/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38823000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28309614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27952560 |  |
| **Regatta XXIII Funding Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(11), (Estimated yield 7.78%, maturity January 20, 2035) | 11/04/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26429333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18837603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14536133 |  |
| **Regatta XXVI Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.82%, maturity January 25, 2037) | 10/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23022500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19976948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17957550 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Regatta XXIX Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.31%, maturity September 06, 2037) | 08/02/2024 | $48542640 | $43284443 | $39804965 |  |
| **Regatta 32 Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 17.43%, maturity July 25, 2038) | 06/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28657356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26514299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26264467 |  |
| **Riserva CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.98%, maturity January 18, 2034) | 03/18/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4266135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2448000 |  |
| **Rockford Tower CLO 2019-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.77%, maturity April 20, 2034) | 09/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5192483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3400000 |  |
| **Rockford Tower CLO 2021-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 33.45%, maturity July 20, 2034) | 05/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10684234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10535000 |  |
| **Rockford Tower CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.88%, maturity July 20, 2035) | 05/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38068750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27074713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17130938 |  |
| **Rockford Tower CLO 2022-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 37.73%, maturity July 20, 2037) | 05/09/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10638379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13230000 |  |
| **Rockland Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.07%, maturity April 20, 2034) | 04/26/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19819879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14375000 |  |
| **Romark CLO – V Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 3.45%, maturity January 15, 2035) | 11/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18175791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10200000 |  |
| **Sculptor CLO XXIX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 19.81%, maturity October 22, 2034) | 09/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10199312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8664500 |  |
| **Sculptor CLO XXXII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.22%, maturity April 30, 2037) | 03/06/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8254135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200000 |  |
| **Sculptor CLO XXXIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 16.35%, maturity July 20, 2037) | 07/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5786000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4245287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3645180 |  |
| **Sculptor CLO XXXIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 18.06%, maturity January 20, 2038) | 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6579000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5373519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4868460 |  |
| **Sculptor CLO XXXV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9)(11), (Estimated yield 20.49%, maturity April 27, 2038) | 03/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5862660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5555600 |  |
| **Sculptor CLO XXXVII, Ltd.** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 43.94%, maturity March 26, 2027) | 04/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10292272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10292272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10292272 |  |
| **Shackleton 2013-IV-R CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity April 13, 2031) | 08/14/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2551041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331528 |  |
| **Signal Peak CLO 4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 25.04%, maturity October 26, 2034) | 08/09/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41187685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8513376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6178153 |  |
| **Signal Peak CLO 5, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 16.54%, maturity April 25, 2037) | 05/20/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33067500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9462097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6448163 |  |
| **Signal Peak CLO 7, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 21.03%, maturity October 20, 2037) | 05/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22817000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9949694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9720042 |  |
| **Signal Peak CLO 9, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.01%, maturity January 21, 2038) | 07/19/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35217808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24105835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19898062 |  |
| **Signal Peak CLO 10, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.61%, maturity January 24, 2038) | 02/16/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12586650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8780061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7614923 |  |
| **Sound Point CLO V-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 18, 2031) | 05/04/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2859667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4450 |  |
| **Sound Point CLO XX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 26, 2031) | 07/07/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4520042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300 |  |
| **Sound Point CLO XXIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 35.50%, maturity July 15, 2034) | 05/09/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19202500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5389189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3068200 |  |
| **Sound Point CLO XXIX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 24.58%, maturity April 25, 2034) | 08/09/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21428000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9698889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5678420 |  |
| **Sound Point CLO XXX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.51%, maturity July 25, 2034) | 08/03/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21151500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9729621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5499390 |  |
| **Sound Point CLO XXXIII, Ltd** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.83%, maturity April 25, 2035) | 06/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15733176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7625047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4877285 |  |
| **Sound Point CLO 40, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.45%, maturity October 20, 2037) | 08/06/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25305663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23480700 |  |
| **Symphony CLO XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity April 15, 2028) | 06/21/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 736250 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **TCW CLO 2021-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 19.15%, maturity July 25, 2034) | 01/25/2024 | $5625000 | $3247422 | $2475000 |  |
| **TCW CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 27.42%, maturity January 20, 2038) | 01/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28486000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15502343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17661320 |  |
| **TCW CLO 2025-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 20.62%, maturity April 20, 2038) | 02/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22558725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21903000 |  |
| **Telos CLO 2013-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11)(19), (Estimated yield 0.00%, maturity July 17, 2026) | 01/25/2013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14332210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6266409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1433 |  |
| **Telos CLO 2014-6, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity January 17, 2027) | 11/08/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9166640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2140 |  |
| **THL Credit Wind River 2017-1 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity April 18, 2036) | 02/02/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7095519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2698000 |  |
| **THL Credit Wind River 2018-3 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity January 20, 2031) | 03/02/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9650613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3520440 |  |
| **Tralee CLO II, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 20, 2029) | 06/06/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1683974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630 |  |
| **Tralee CLO IV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity January 20, 2030) | 12/21/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5502595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1327 |  |
| **Venture XV CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11)(19), (Estimated yield 0.00%, maturity July 15, 2032) | 01/31/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15992521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159925 |  |
| **Venture XX CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11)(19), (Estimated yield 0.00%, maturity April 15, 2027) | 07/27/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Venture XXI CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 15, 2027) | 08/16/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13459356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000 |  |
| **Venture XXII CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity January 15, 2031) | 02/09/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4405303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92500 |  |
| **Venture XXIII CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 2.10%, maturity July 19, 2034) | 05/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1141119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309375 |  |
| **Venture XXV CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity April 20, 2029) | 09/25/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1606193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Venture 37 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity July 15, 2032) | 05/28/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2862069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1020000 |  |
| **Venture 41 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.24%, maturity January 20, 2034) | 04/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7569574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4340000 |  |
| **Venture 42 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.29%, maturity April 15, 2034) | 03/15/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4170351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240000 |  |
| **Venture 44 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 1.10%, maturity October 20, 2034) | 08/16/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14783159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6435000 |  |
| **Venture 47 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 24.47%, maturity April 20, 2036) | 03/14/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10268831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10010000 |  |
| **Venture 48 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.58%, maturity October 20, 2036) | 08/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26848000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22158710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17451200 |  |
| **Vibrant CLO III, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 2.59%, maturity October 20, 2031) | 02/05/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6361965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1361468 |  |
| **Vibrant CLO XIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.97%, maturity October 20, 2034) | 08/17/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19259947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15072000 |  |
| **Voya CLO 2018-4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.23%, maturity October 15, 2037) | 01/03/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38851800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11619255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11297129 |  |
| **Voya CLO 2020-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.20%, maturity July 16, 2034) | 03/08/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9377527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6820000 |  |
| **Voya CLO 2020-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.77%, maturity January 20, 2038) | 05/03/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10964775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9893000 |  |
| **Voya CLO 2024-4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.83%, maturity July 20, 2037) | 07/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41141317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34603200 |  |
| **Wellfleet 2016-2 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity October 20, 2028) | 09/28/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5280208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments</u> (continued)** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u> (continued)** |  |  |  |  |  |
| **Wind River 2018-2 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 49.84%, maturity July 15, 2030) | 10/17/2024 | $32250000 | $4659339 | $2641693 |  |
| **Wind River 2021-2 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 4.35%, maturity July 20, 2034) | 05/14/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17825954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7368000 |  |
| **Wind River 2021-4 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11)(19), (Estimated yield 0.00%, maturity January 20, 2035) | 08/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9096750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4217322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091610 |  |
| **Wind River 2023-1 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 8.18%, maturity April 25, 2036) | 03/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32733760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21150000 |  |
| **York CLO-5 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.46%, maturity July 22, 2037) | 05/20/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14201003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11745000 |  |
| **York CLO-6 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.05%, maturity October 22, 2037) | 10/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16301114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12834000 |  |
| **Zais CLO 7, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(19), (Estimated yield 0.00%, maturity April 15, 2030) | 06/29/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1764640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920 |  |
| **Zais CLO 9, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(19), (Estimated yield 0.00%, maturity July 20, 2031) | 06/19/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4245763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6350 |  |
| **Total Equity Investments** |  |  | $3339352055 | $2694328540 | 135.35% |
| **<u>Collateralized Loan Obligation Fee Notes - Equity Investments - Other CLO Equity Related Investments</u>** | **<u>Collateralized Loan Obligation Fee Notes - Equity Investments - Other CLO Equity Related Investments</u>** |  |  |  |  |
| **<u>Structured Finance - Equity Fee Note Investments</u>** |  |  |  |  |  |
| **AMMC CLO 25, Limited** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity April 15, 2035) | 04/27/2022 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 764184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 553167 |  |
| **Ares LXI CLO Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity April 20, 2037) | 08/25/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382966 |  |
| **BlueMountain Fuji US CLO II Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity October 20, 2030) | 12/22/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87095 |  |
| **Columbia Cent CLO 28 Limited** |  |  |  |  |  |
| CLO subordinated fee notes (8)(10)(18), (maturity November 07, 2030) | 12/22/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Franklin Park Place CLO I** |  |  |  |  |  |
| CLO subordinated fee notes (8)(11)(18), (maturity April 14, 2038) | 05/30/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 988110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1844504 |  |
| **Highbridge Loan Management 3-2014, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes(8)(18), (maturity July 18, 2029) | 04/06/2022 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50348 |  |
| **HPS Loan Management 2021-16, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity January 23, 2035) | 11/12/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460536 |  |
| **LCM 40 Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity January 15, 2038) | 04/20/2023 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331698 |  |
| **Octagon 57, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(11)(18), (maturity October 15, 2034) | 10/13/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246047 |  |
| **Octagon 60, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity October 20, 2037) | 09/08/2022 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007550 |  |
| **Point AU Roche Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated M1 fee notes(8)(18), (maturity July 20, 2034) | 05/28/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46511 |  |
| CLO subordinated M2 fee notes(8)(18), (maturity July 20, 2034) | 05/28/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101196 |  |
| **Rockland Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated M1 fee notes(8)(18), (maturity April 20, 2034) | 04/26/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84218 |  |
| CLO subordinated M2 fee notes(8)(18), (maturity April 20, 2034) | 04/26/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189747 |  |
| **Rockford Tower CLO 2021-3, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity October 20, 2034) | 09/22/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437597 |  |
| **Rockford Tower CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity July 20, 2035) | 05/06/2022 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280604 |  |
| **Sound Point CLO XXIII, Ltd.** |  |  |  |  |  |
| CLO subordinated Y fee notes(8)(11)(18), (maturity July 15, 2034) | 05/09/2024 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74716 |  |
| **Sound Point CLO XXIX, Ltd.** |  |  |  |  |  |
| CLO subordinated Y fee notes(8)(18), (maturity April 25, 2034) | 08/09/2023 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123162 |  |
| **Sound Point CLO XXX, Ltd.** |  |  |  |  |  |
| CLO subordinated Y fee notes(8)(18), (maturity July 25, 2034) | 08/03/2023 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130807 |  |
| **Sound Point CLO XXXIII, Ltd** |  |  |  |  |  |
| CLO subordinated Y fee notes(8)(18), (maturity April 25, 2035) | 06/01/2023 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173509 |  |
| **THL Credit Wind River 2017-1 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity April 18, 2036) | 02/02/2017 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227037 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** | **JUNE 30, 2025** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT(1)(13)(14)** | **ACQUISITION DATE(15)** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE(2)** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation Fee Notes - Equity Investments - Other CLO Equity Related Investments</u> (continued)** | **<u>Collateralized Loan Obligation Fee Notes - Equity Investments - Other CLO Equity Related Investments</u> (continued)** |  |  |  |  |
| **<u>Structured Finance - Equity Fee Note Investments</u> (continued)** |  |  |  |  |  |
| **Tralee CLO IV, Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity January 20, 2030) | 03/16/2018 |  | $- | $- |  |
| **Venture XXV CLO, Limited** |  |  |  |  |  |
| CLO subordinated fee notes (8)(10)(18), (maturity April 20, 2029) | 09/25/2020 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Venture 42 CLO, Limited** |  |  |  |  |  |
| CLO subordinated Y fee notes(8)(18), (maturity April 15, 2034) | 03/15/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103755 |  |
| **Wind River 2021-2 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity July 20, 2034) | 05/14/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207169 |  |
| **Wind River 2023-1 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated fee notes (8)(18), (maturity April 25, 2036) | 03/13/2023 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1891378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4778701 |  |
| CLO other (8)(18) | Various(16) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13616389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14291539 |  |
| **Total Other CLO Equity Related Investments** |  |  | $22261325 | $26214179 | 1.32% |
| **Total Structured Finance - Equity Investments** |  |  | $3361613380 | $2720542719 | 136.67% |
| **Total Collateralized Loan Obligation - Equity Investments** |  |  | $3361613380 | $2720542719 | 136.67% |
| **Total Investments** |  |  | **$3406309703** | **$2753977116** | **138.35%** |
| **<u>Cash Equivalents</u>** |  |  |  |  |  |
| First American Government Obligations Fund, Class Z Shares, 4.22%(12) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45913275 | $45913275 | $45913275 |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Cash Equivalents** |  |  | **$45913275** | **$45913275** | **2.31%** |
| **Total Investments and Cash Equivalents** |  |  | **$3452222978** | **$2799890391** | **140.66%** |

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| |
|:---|
| (1) We do not "control" and are not an "affiliate" of any of our portfolio companies, each as defined in the Investment Company Act of 1940, as amended (the "1940 Act"). |
| &nbsp;&nbsp;&nbsp;&nbsp; In general, under the 1940 Act, we would be presumed to "control" a portfolio company if we owned more than 25% of its voting securities and would be an "affiliate" of a portfolio company if we owned 5% or more of its voting securities. |
| (2) Fair value is determined in good faith by the Board of Directors of the Fund. |
| (3) Cost value reflects accretion of original issue discount or market discount. |
| (4) The subordinated shares represent an investment in a warehouse facility, which is a financing structure intended to aggregate loans that may be used to form the basis of a CLO vehicle. |
| (5) Cost value reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO equity investments. |
| (6) As of June 30, 2025, the investment includes interest income capitalized as additional investment principal ("PIK" Interest). The PIK interest rate for CLO debt positions represents the interest rate at payment date when PIK interest |
| &nbsp;&nbsp;&nbsp;&nbsp; is received. Please refer to "Note 2. Summary of Significant Accounting Policies - Payment-In-Kind" in Oxford Lane Capital Corp.'s most recently filed Form N-CSR for the year ended March 31, 2025. |
| (7) The CLO subordinated notes, preferred shares, preference shares and income notes are considered equity positions in the CLO funds. Equity investments are entitled to recurring distributions which are generally equal to |
| &nbsp;&nbsp;&nbsp;&nbsp; the remaining cash flow of the payments made by the underlying fund's securities less contractual payments to debt holders and fund expenses. The estimated yield indicated is based upon |
| &nbsp;&nbsp;&nbsp;&nbsp; a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically |
| &nbsp;&nbsp;&nbsp;&nbsp; reviewed and adjusted, and the estimated yield may not ultimately be realized. |
| (8) Fair value includes the Fund's interest in subordinated fee notes, and represents discounted cash flows associated with fees earned from those fee notes. |
| (9) Investment has not made inaugural distribution for relevant period end. Please refer to "Note 2. Summary of Significant Accounting Policies — Investment Income" in Oxford Lane Capital Corp.'s most recently filed Form N-CSR for the year ended March 31, 2025. |
| (10) The CLO equity investment was optionally redeemed. Expected value of residual distributions, once received, is anticipated to be recognized as return of capital, pending any remaining amortized cost, and/or realized gain for any amounts |
| &nbsp;&nbsp;&nbsp;&nbsp; received in excess of such amortized cost. See "Note 2. Summary of Significant Accounting Policies — Securities Transactions" in Oxford Lane Capital Corp.'s most recently filed Form N-CSR for the year ended March 31, 2025. |
| (11) Investment is co-invested with the Fund's affiliates. See "Note 4. Related Party Transactions" in Oxford Lane Capital Corp.'s most recently filed Form N-CSR for the year ended March 31, 2025. |
| (12) Represents cash equivalents held in a money market fund as of June 30, 2025. |
| (13) The fair value of the investment was determined using significant unobservable inputs. See "Note 3. Fair Value" in Oxford Lane Capital Corp.'s most recently filed Form N-CSR for the year ended March 31, 2025. |
| (14) The Fund generally acquires its investments in transactions not subject to registration under the Securities Act of 1933, as amended (the "Securities Act"). 'These investments are generally subject to |
| &nbsp;&nbsp;&nbsp;&nbsp; restrictions as "restricted securities" (within the meaning of the Securities Act). |
| (15) Acquisition date represents the initial date of purchase. |
| (16) Cost and fair value total represents multiple investments which were purchased within one year prior to June 30, 2025. |
| (17) The principal balance outstanding for this debt investment, in whole or in part, is indexed to the 90-day Secured Overnight Financing Rate ("SOFR"). |
| (18) Cost value reflects amortized cost. |
| (19) As of June 30, 2025, the effective yield has been estimated to be 0%. The aggregate projected amount of future recurring distributions and terminal principal payment is less than the amortized investment cost. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Oxford Lane Capital Corp.

- **b. Investment Company Act file number:** 811-22432

- **c. CIK number of Registrant:** 0001495222

- **d. LEI of Registrant:** 549300G3KO4JNQQD7Z72

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

  - **Street Address 1:** 8 Sound Shore Drive

  - **City:** Greenwich

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06830

  - **Telephone number:** 203-983-5275

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

- **a. Name of Series:** Oxford Lane Capital Corp.

- **c. LEI of Series:** 549300G3KO4JNQQD7Z72

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $2838566559.00

**Total Liabilities:** $847904955.00

**Net Assets:** $1990661604.00

**Delayed Delivery Securities:** $97377167.11

**Cash Not Reported:** $10827204.04

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.52%                | -0.54%               | -5.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-240331.68              | $-208150241.14                             |
| Month 2  | $-7003168.33             | $136640939.81                              |
| Month 3  | $-1517250.62             | $31336922.29                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBAM CLO Management                        | CBAM 2021-14 Ltd                                | CUSIP: 12511HAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  23400000 | PA      | $7488000.00   | 0.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CBAMR Ltd                                  | CBAMR 2021-15 LLC                               | CUSIP: 12511FAA1<br>LEI: N/A                  | Long             |  | CORP              | US        |  28883687 | PA      | $13286496.02  | 0.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding XV CLO Ltd                        | CUSIP: 15032WAC3<br>LEI: 5493002XZZZCKFWQIL45 | Long             |  | CORP              | KY        |  34235000 | PA      | $19171600.00  | 0.96%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding IV CLO Ltd                        | CUSIP: 150322AC9<br>LEI: 549300PPJP6KEORGHQ85 | Long             |  | CORP              | KY        |  47374000 | PA      | $20844560.00  | 1.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture XV CLO Ltd                              | CUSIP: 92328LAB1<br>LEI: 549300UYHZCJPN3LMT03 | Long             |  | CORP              | KY        |  15992521 | PA      | $159925.21    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXI CLO                            | Venture XXI CLO Ltd                             | CUSIP: 92330LAE1<br>LEI: 5493001C8B2BF8JNTO68 | Long             |  | CORP              | KY        |   9750000 | PA      | $975.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXI CLO                            | Venture XXI CLO Ltd                             | CUSIP: BCC29EY09<br>LEI: 5493001C8B2BF8JNTO68 | Long             |  | CORP              | KY        |  20250000 | PA      | $2025.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vibrant CLO Ltd                            | Vibrant Clo III Ltd                             | CUSIP: 92557TAC4<br>LEI: 54930073XIEUISQCY218 | Long             |  | CORP              | KY        |  20560000 | PA      | $879968.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vibrant CLO Ltd                            | Vibrant Clo III Ltd                             | CUSIP: BCC28NB05<br>LEI: 54930073XIEUISQCY218 | Long             |  | CORP              | KY        |  11250000 | PA      | $481500.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vibrant CLO Ltd                            | Vibrant CLO Ltd                                 | CUSIP: BCC31ZSH8<br>LEI: 54930073XIEUISQCY218 | Long             |  | CORP              | KY        |  31400000 | PA      | $15072000.00  | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO Ltd                               | Voya CLO 2018-4 Ltd                             | CUSIP: 92891EAE8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  38851800 | PA      | $11297129.00  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO Ltd                               | Voya CLO 2020-1 Ltd                             | CUSIP: 92918GAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  15500000 | PA      | $6820000.00   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO Ltd                               | Voya CLO 2020-3 Ltd                             | CUSIP: 92918KAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  15220000 | PA      | $9893000.00   | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO 2024-4 Ltd                        | VOYA 2024-4A SUB 07/20/2037                     | CUSIP: 92920PAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  42720000 | PA      | $34603200.00  | 1.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                          | Wellfleet CLO 2016-2 Ltd                        | CUSIP: 94949MAC2<br>LEI: 254900SGJWAIVC8ISP96 | Long             |  | CORP              | KY        |  11000000 | PA      | $1100.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                         | THL Credit Wind River 2017-1 CLO Ltd            | CUSIP: 88432QAC9<br>LEI: 254900W8N6WOFX1LSH24 | Long             |  | CORP              | KY        |  14200000 | PA      | $2698000.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                         | THL Credit Wind River 2018-2 Clo Ltd            | CUSIP: 88433LAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  32250000 | PA      | $2641693.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                         | THL Credit Wind River 2018-3 CLO Ltd            | CUSIP: 88432XAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  25400000 | PA      | $3520440.00   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                         | Wind River 2021-2 CLO Ltd                       | CUSIP: 97315YAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  30700000 | PA      | $7368000.00   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River 2021-4 CLO Ltd                  | WINDR 2021-4A SUB 01/20/2035                    | CUSIP: 97316VAE6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   9096750 | PA      | $1091610.00   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                         | Wind River 2023-1 CLO Ltd                       | CUSIP: 97316NAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  42300000 | PA      | $21150000.00  | 1.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Windriver 2017-1 - Fee Letter              | Windriver 2017-1 - Fee Letter                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  11563637 | NS      | $227037.31    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WNDRV231- Fee Letter                       | WNDRV231- Fee Letter                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  42300000 | NS      | $4778700.60   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OFSI Fund LTD                              | OFSI BSL VIII Ltd                               | CUSIP: 67111PAA7<br>LEI: 254900VR4BMP1BVIS878 | Long             |  | CORP              | KY        |   3679104 | PA      | $264895.49    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OFSI BSL X Ltd                             | OFSBS 2021-10A SUB 04/20/2034                   | CUSIP: 67114FAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24700000 | PA      | $8151000.00   | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                   | OZLM XIX Ltd                                    | CUSIP: 67112DAC9<br>LEI: 5493009C40QUU66J8E83 | Long             |  | CORP              | KY        |  42795000 | PA      | $12732160.00  | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 9 Ltd                           | CUSIP: BCC31MV00<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3750000 | PA      | $2118750.00   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point Clo XX Ltd                          | CUSIP: 83611HAC3<br>LEI: 549300RTEBF0FW35D815 | Long             |  | CORP              | KY        |  13000000 | PA      | $1300.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO V-R LTD                         | CUSIP: 83607GAC1<br>LEI: 549300UPX3H8ENJXHI23 | Long             |  | CORP              | KY        |   1426559 | PA      | $153497.70    | 0.01%             | 2031-07-18      | Floating      | 12.63%                | Yes           |                  3 | On Loan: No      |
| Sound Point CLO Ltd                        | SNDPT 2021-1X SUB 04/25/2034                    | CUSIP: G8288HAB7<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6087500 | PA      | $1613187.50   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO Ltd                        | SNDPT 2021-1X Y 04/25/2034                      | CUSIP: G8288HAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |    195312 | PA      | $34989.17     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO V Ltd                           | CUSIP: BCC26QYI6<br>LEI: 549300RTEBF0FW35D815 | Long             |  | CORP              | KY        |  44500000 | PA      | $4450.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO XXIII                           | CUSIP: 83614CAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  19202500 | PA      | $3068200.00   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO XXIII                           | CUSIP: 83614CAE7<br>LEI: N/A                  | Long             |  | CORP              | KY        |    608701 | PA      | $74716.38     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO XXIX Ltd                   | SNDPT 2021-1A SUB 04/25/2034                    | CUSIP: 83615GAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  15340500 | PA      | $4065232.50   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO XXIX Ltd                   | SNDPT 2021-1A Y 04/25/2034                      | CUSIP: 83615GAE7<br>LEI: N/A                  | Long             |  | CORP              | KY        |    492188 | PA      | $88173.02     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point Clo XXX Ltd                    | SNDPT 2021-2A SUB 07/25/2034                    | CUSIP: 83615HAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  14220500 | PA      | $3697330.00   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point Clo XXX Ltd                    | SNDPT 2021-2A Y 07/25/2034                      | CUSIP: 83615HAE5<br>LEI: N/A                  | Long             |  | CORP              | KY        |    464844 | PA      | $87943.61     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point Clo XXX Ltd                    | SNDPT 2021-2X SUB 07/25/2034                    | CUSIP: G82879AB6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6931000 | PA      | $1802060.00   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point Clo XXX Ltd                    | SNDPT 2021-2X Y 07/25/2034                      | CUSIP: G82879AC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |    226562 | PA      | $42863.15     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO XXXIII Ltd                 | SNDPT 2022-1A SUB 04/25/2035                    | CUSIP: 83616LAC9<br>LEI: N/A                  | Long             |  | CORP              | JE        |  11800000 | PA      | $3658000.00   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO XXXIII Ltd                 | SNDPT 2022-1A Y 04/25/2035                      | CUSIP: 83616LAE5<br>LEI: N/A                  | Long             |  | CORP              | JE        |    390625 | PA      | $130133.12    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO XXXIII Ltd                 | SNDPT 2022-1X SUB 04/25/2035                    | CUSIP: G8288LAB8<br>LEI: N/A                  | Long             |  | CORP              | JE        |   3933176 | PA      | $1219284.56   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO XXXIII Ltd                 | SNDPT 2022-1X Y 04/25/2035                      | CUSIP: G8288LAC6<br>LEI: N/A                  | Long             |  | CORP              | JE        |    130203 | PA      | $43375.93     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Symphony CLO XVII Ltd                      | SYMP 2016-17A SUB 04/15/2028                    | CUSIP: 87165XAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7750000 | PA      | $736250.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aimco                                      | AIMCO CLO 10 Ltd                                | CUSIP: 00900UAC8<br>LEI: 5493004I93856WYBB035 | Long             |  | CORP              | KY        |  30849600 | PA      | $18047016.00  | 0.91%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aimco                                      | AIMCO CLO Series 2015-A                         | CUSIP: 00900MAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  13548313 | PA      | $5825774.59   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AIMCOC26 - WHEQTY                          | AIMCOC26 - WHEQTY                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  13350000 | NS      | $13350000.00  | 0.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro CLO Ltd                            | Allegro CLO XII Ltd                             | CUSIP: BCC2QC340<br>LEI: 254900E0ZQX4DLP7HF87 | Long             |  | CORP              | KY        |  13147000 | PA      | $7362320.00   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro CLO Ltd                            | Allegro CLO XIII Ltd                            | CUSIP: 01750XAC1<br>LEI: 254900E6QZJ305P65V74 | Long             |  | CORP              | KY        |   2000000 | PA      | $1060000.00   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro CLO Ltd                            | Allegro CLO Ltd                                 | CUSIP: BCC30SWZ0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10194000 | PA      | $5402820.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro CLO Ltd                            | Allegro CLO II-S Ltd                            | CUSIP: BCC2HJW35<br>LEI: 635400R1GOVCHJ4SNX58 | Long             |  | CORP              | KY        |  20800000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ALM Loan Funding                           | ALM XVII Ltd                                    | CUSIP: 02014Q201<br>LEI: 54930081ZGXPKB4CYI89 | Long             |  | CORP              | KY        |   6500000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| American Money Management Corp             | AMMC CLO 25 Ltd                                 | CUSIP: 00177KAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  19000000 | PA      | $12730000.00  | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AMMC CLO XII Ltd                           | AMMC 2013-12A SUB 05/10/2025                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  24350000 | PA      | $121750.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AMMCCL25FLTR - Fee Letter                  | AMMCCL25FLTR - Fee Letter                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  19000000 | NS      | $553166.92    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | Anchorage Capital CLO 25 Ltd                    | CUSIP: 03329XAC9<br>LEI: 5493004RXURZCE1LR038 | Long             |  | CORP              | KY        |  10000000 | PA      | $4200000.00   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | Anchorage Capital CLO 5-R Ltd                   | CUSIP: 03329YAC7<br>LEI: 549300687XYK5L55VX28 | Long             |  | CORP              | KY        |  25741000 | PA      | $74648.90     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | Anchorage Capital CLO 5-R Ltd                   | CUSIP: BCC2F9DF3<br>LEI: 549300687XYK5L55VX28 | Long             |  | CORP              | KY        |   1575000 | PA      | $4567.50      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | ANCHORAGE CAPITAL CLO 1-R LTD                   | CUSIP: 03329BAC7<br>LEI: 549300L8BI45FDIJHO17 | Long             |  | CORP              | KY        |   1150000 | PA      | $12190.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | ANCHORAGE CAPITAL CLO 1-R LTD                   | CUSIP: BCC2FZEY3<br>LEI: 549300L8BI45FDIJHO17 | Long             |  | CORP              | KY        |  11000000 | PA      | $116600.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | Anchorage Capital CLO 4-R Ltd                   | CUSIP: BCC2FF5G6<br>LEI: 549300MP4QPQUMB6AD63 | Long             |  | CORP              | KY        |   1000000 | PA      | $5600.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | Anchorage Capital CLO 4-R Ltd                   | CUSIP: BCC2FF5G6<br>LEI: 549300MP4QPQUMB6AD63 | Long             |  | CORP              | KY        |   8000000 | PA      | $44800.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                  | Anchorage Capital Clo 17 Ltd                    | CUSIP: 03329DAC3<br>LEI: 549300UNU854VTZYQ112 | Long             |  | CORP              | KY        |  40911000 | PA      | $22501050.00  | 1.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                        | Apex Credit CLO 2020-II LLC                     | CUSIP: 58405JAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  14826000 | PA      | $4151280.00   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APIDO18R - FEELTR                          | APIDO18R - FEELTR                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  14986100 | NS      | $305577.34    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO LI Ltd                          | APID 2024-51A SUB 01/20/2038                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | JE        |  16000000 | PA      | $14683200.00  | 0.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO XX                              | APID 2015-20A SUB 07/16/2031                    | CUSIP: 03765MAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  16400000 | PA      | $2788000.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO Ltd                             | Apidos CLO XXIII                                | CUSIP: 03766QAE0<br>LEI: 635400C39IXGGYE6DH05 | Long             |  | CORP              | KY        |   5000000 | PA      | $2607500.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO Ltd                             | Apidos CLO XVIII                                | CUSIP: 03767QAE9<br>LEI: 549300LPFPUEJZX23R93 | Long             |  | CORP              | KY        |  14986100 | PA      | $7193328.00   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XLII Clo Ltd                               | CUSIP: BCC2CVEI0<br>LEI: 5493004S1FMDW7K3MU50 | Long             |  | CORP              | KY        |  21910000 | PA      | $175280.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXVII CLO Ltd                              | CUSIP: 00191CAC6<br>LEI: 549300BC3E2Y44TL8536 | Long             |  | CORP              | KY        |  27871690 | PA      | $8187811.90   | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XLIX CLO Ltd                               | CUSIP: 04017KAC2<br>LEI: 549300FI9E5EZIMPA581 | Long             |  | CORP              | KY        |  16650000 | PA      | $3857785.01   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXXIV CLO Ltd                              | CUSIP: 04015HAJ6<br>LEI: 549300VDFIIXSFET0S73 | Long             |  | CORP              | KY        |  11500000 | PA      | $1871372.43   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXXIV CLO Ltd                              | CUSIP: BCC29R0M9<br>LEI: 549300VDFIIXSFET0S73 | Long             |  | CORP              | KY        |  15000000 | PA      | $2440920.56   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXXVII CLO Ltd                             | CUSIP: 04015QAD9<br>LEI: 635400YF4AHA6NB2CU53 | Long             |  | CORP              | KY        |  33500000 | PA      | $2644964.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXXVII CLO Ltd                             | CUSIP: 04015QAG2<br>LEI: 635400YF4AHA6NB2CU53 | Long             |  | CORP              | KY        |   7300000 | PA      | $6978800.00   | 0.35%             | 2030-10-15      | Floating      | 11.79%                | Yes           |                  3 | On Loan: No      |
| Ares Loan Funding IX Ltd                   | ARES 2025-ALF9A SUB 03/31/2038                  | CUSIP: 03990JAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  13750000 | PA      | $11137500.00  | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares Loan Funding VII Ltd                       | CUSIP: 04021BAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  40000000 | PA      | $28558890.00  | 1.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares LVII CLO Ltd                               | CUSIP: 04017UAC0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21200000 | PA      | $8795129.00   | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Catskill Park CLO, LTD.                    | Catskill Park CLO Ltd                           | CUSIP: 149421AC3<br>LEI: 549300QY7L9WFVGWC115 | Long             |  | CORP              | KY        |   1642500 | PA      | $15439.50     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Catskill Park CLO, LTD.                    | Catskill Park CLO Ltd                           | CUSIP: BCC2DFA72<br>LEI: 549300QY7L9WFVGWC115 | Long             |  | CORP              | KY        |   6300000 | PA      | $59220.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CBAM CLO Management                        | CBAM 2019-10 Ltd                                | CUSIP: 12482QAC8<br>LEI: 254900IPFC9SXD6VQ444 | Long             |  | CORP              | KY        |  15000000 | PA      | $4500000.00   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding IV CLO Ltd                        | CUSIP: BCC27XAC9<br>LEI: 549300PPJP6KEORGHQ85 | Long             |  | CORP              | KY        |     66000 | PA      | $29040.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding VIII Clo Ltd                      | CUSIP: 15032GAC8<br>LEI: 549300PTCF9P2JDL1E69 | Long             |  | CORP              | KY        |  59507500 | PA      | $29158675.00  | 1.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding X CLO Ltd                         | CUSIP: 15034MAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  18000000 | PA      | $11160000.00  | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding XII CLO Ltd                       | CUSIP: 15033KAB0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  20008575 | PA      | $15006431.25  | 0.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding XII CLO Ltd                       | CUSIP: BCC2PJFX9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  12000000 | PA      | $9000000.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                          | Cedar Funding XIV CLO Ltd                       | CUSIP: 15033GAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21540000 | PA      | $10446900.00  | 0.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cent CLO LP                                | Cent CLO 22 Ltd                                 | CUSIP: 15137GAE8<br>LEI: 549300C1R4TPBBMHW903 | Long             |  | CORP              | KY        |  40000000 | PA      | $220000.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cent CLO LP                                | Columbia Cent CLO 32 Ltd                        | CUSIP: 19737JAC2<br>LEI: 549300NBGVSLUALOY827 | Long             |  | CORP              | KY        |  17687500 | PA      | $5660000.00   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding Ltd                           | CIFC Funding 2021-VII Ltd                       | CUSIP: 12567KAC9<br>LEI: 54930089HD7KU5NUS092 | Long             |  | CORP              | KY        |  28185000 | PA      | $16911000.00  | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding 2014-III Ltd                  | CIFC 2014-3A SUB 03/31/2038                     | CUSIP: 12549RAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  22386000 | PA      | $14774760.00  | 0.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding Ltd                           | CIFC Funding 2014-III Ltd                       | CUSIP: 12549TAA7<br>LEI: 549300KEIUMRD7WX5J42 | Long             |  | CORP              | KY        |    572500 | PA      | $377850.01    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding Ltd                           | CIFC Funding 2014-III Ltd                       | CUSIP: BCC277UU4<br>LEI: 549300KEIUMRD7WX5J42 | Long             |  | CORP              | KY        |   1250000 | PA      | $825000.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFCRVLO - WHEQTY                          | CIFCRVLO - WHEQTY                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  17840000 | NS      | $17840000.00  | 0.90%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AIG CLO LTD                                | AIG CLO 2018-1 LLC                              | CUSIP: 00140QAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  20518400 | PA      | $12721408.00  | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COLCT28 - FEELTR                           | COLCT28 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  40000000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Crestline Denali CLO XVI, Ltd.             | Crestline Denali CLO XVI Ltd                    | CUSIP: 22615GAC9<br>LEI: 2549008AB2W065F6TK51 | Long             |  | CORP              | KY        |  22000000 | PA      | $1201200.00   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CROPK - M                                  | CROPK - M                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  49573000 | NS      | $2350013.44   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CROPK - SUBORD                             | CROPK - SUBORD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  44573000 | NS      | $36326995.00  | 1.82%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 86 CLO Ltd                               | CUSIP: 26246AAC0<br>LEI: 25490017VKY7XEFZL303 | Long             |  | CORP              | KY        |  35350000 | PA      | $10958500.00  | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden 75 CLO Ltd                          | DRSLF 2019-75A SUB 07/15/2030                   | CUSIP: 26252KAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  30000000 | PA      | $9428786.00   | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden 108 CLO Ltd                         | DRSLF 2022-108A SUB 07/18/2035                  | CUSIP: 26253NAE8<br>LEI: N/A                  | Long             |  | CORP              | JE        |  23600000 | PA      | $14632000.00  | 0.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 108 CLO Ltd                              | CUSIP: BCC36RW29<br>LEI: 5493004WJFSUXXJ5FA29 | Long             |  | CORP              | JE        |   5000000 | PA      | $3100000.00   | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 38 Senior Loan Fund                      | CUSIP: BCC28YAG7<br>LEI: 549300ARO9JRDQL4OE07 | Long             |  | CORP              | KY        |  13100000 | NS      | $516140.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                   | OZLM VII Ltd                                    | CUSIP: 67108XAE7<br>LEI: 549300Y1XB6AVMQY8652 | Long             |  | CORP              | KY        |  21224026 | PA      | $115995.52    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                   | OZLM XXIII Ltd                                  | CUSIP: 67112YAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31755000 | PA      | $12510734.00  | 0.63%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Peace Park CLO, Ltd.                       | Peace Park CLO Ltd                              | CUSIP: 70470NAC7<br>LEI: 549300XHXTUZ93V6SK42 | Long             |  | CORP              | KY        |  18750000 | PA      | $10687500.00  | 0.54%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pixley Park CLO Ltd                        | Pixley Park CLO Ltd                             | CUSIP: 72583VAE5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  57138000 | PA      | $2589484.23   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                     | Rockford Tower CLO 2021-2 Ltd                   | CUSIP: BCC31GL20<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24500000 | PA      | $10535000.00  | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                     | Rockford Tower CLO 2022-1 Ltd                   | CUSIP: 77340KAA0<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3750000 | PA      | $3694500.00   | 0.19%             | 2035-07-20      | Floating      | 11.61%                | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                     | Rockford Tower CLO 2022-1 Ltd                   | CUSIP: 77340KAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  38068750 | PA      | $17130937.50  | 0.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                     | Rockford Tower CLO 2022-3 Ltd                   | CUSIP: 77341YAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21000000 | PA      | $13230000.00  | 0.66%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                        | MidOcean Credit CLO VI                          | CUSIP: 59802WAJ4<br>LEI: 549300YUUBR2C1GYW366 | Long             |  | CORP              | KY        |   4000000 | PA      | $3282800.00   | 0.16%             | 2033-04-20      | Floating      | 12.54%                | Yes           |                  3 | On Loan: No      |
| Milford Park CLO, Ltd.                     | Milford Park CLO Ltd                            | CUSIP: 59967DAE8<br>LEI: N/A                  | Long             |  | CORP              | JE        |  27960000 | PA      | $24850848.00  | 1.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MP Clo VIII, LTD                           | MP CLO VIII Ltd                                 | CUSIP: BCC29RSQ0<br>LEI: 549300D60LKSR31DKI65 | Long             |  | CORP              | KY        |  11000000 | PA      | $1430000.00   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nassau 2017-II LTD                         | Nassau 2017-II Ltd                              | CUSIP: 631710AA8<br>LEI: 549300UA9BSPM14TR379 | Long             |  | CORP              | KY        |   7088631 | PA      | $2740464.71   | 0.14%             | 2030-01-15      | Floating      | 10.77%                | Yes           |                  3 | On Loan: No      |
| Nassau 2017-II LTD                         | Nassau 2017-II Ltd                              | CUSIP: 631710AB6<br>LEI: 549300UA9BSPM14TR379 | Long             |  | CORP              | KY        |  24400000 | PA      | $2440.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman CLO Ltd                   | Neuberger Berman CLO XVII Ltd                   | CUSIP: 64129VAB9<br>LEI: 549300XVEYZNG956Y145 | Long             |  | CORP              | KY        |  73756250 | PA      | $15120031.25  | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman CLO Ltd                   | Neuberger Berman CLO XIV Ltd                    | CUSIP: BCC22PXS1<br>LEI: 549300Z5ZNFT7IECFZ07 | Long             |  | CORP              | KY        |   7800000 | PA      | $974220.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NYACK Park CLO Ltd                         | NYKPK 2021-1A SUB 10/20/2034                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  32000000 | PA      | $18880000.00  | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2019-1 Ltd                          | CUSIP: 67401YAC3<br>LEI: 549300BJ8TRWJ20BLC43 | Long             |  | CORP              | KY        |   5000000 | PA      | $142500.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2018-1 Ltd                          | CUSIP: 67400HAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  11750000 | PA      | $69325.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2019-2 Ltd                          | CUSIP: 67401VAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  44000000 | PA      | $18040000.00  | 0.91%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2019-3 Ltd                          | CUSIP: 67400GAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  42243480 | PA      | $26190957.60  | 1.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2019-4 Ltd                          | CUSIP: 67400JAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10000000 | PA      | $6300000.00   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2022-1 Ltd                          | CUSIP: 67402NAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  32722223 | PA      | $20287778.26  | 1.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                            | Oaktree CLO 2022-2 Ltd                          | CUSIP: 67402QAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  37000000 | PA      | $28305000.00  | 1.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP 2024-37A SUB 10/15/2037                | OCP 2024-37A SUB 10/15/2037                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | JE        |  27035000 | PA      | $21898350.00  | 1.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO 2024-32 Ltd                        | OCP 2024-32A SUB 04/23/2037                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | JE        |  35600000 | PA      | $22784000.00  | 1.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO 2024-34 Ltd                        | OCP 2024-34A SUB 10/15/2037                     | CUSIP: 67570NAC2<br>LEI: N/A                  | Long             |  | CORP              | JE        |  30800000 | PA      | $24024000.00  | 1.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO 2015-10 Ltd                        | OCP CLO 2015-10 Ltd                             | CUSIP: 67092E206<br>LEI: N/A                  | Long             |  | CORP              | KY        |  35145000 | PA      | $15112350.00  | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAG60 - FEELTR                           | OCTAG60 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  35750000 | NS      | $1007550.44   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAG75 - FEELTR                           | OCTAG75 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  53044000 | NS      | $924233.71    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon 57 Ltd                             | Octagon 57 Ltd                                  | CUSIP: 67592YAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31725000 | PA      | $11749905.00  | 0.59%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon 60 Ltd                             | OCT60 2022-1A SUB 10/20/2035                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  35750000 | PA      | $26812500.00  | 1.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon 75 Ltd                             | Octagon 75 Ltd                                  | CUSIP: 67579GAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  53044000 | PA      | $44026520.00  | 2.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 24             | Octagon Investment Partners 24 Ltd              | CUSIP: BCC291RR6<br>LEI: N/A                  | Long             |  | CORP              | KY        | 110000000 | PA      | $27280000.00  | 1.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 31             | Octagon Investment Partners 31 Ltd              | CUSIP: 67576CAE6<br>LEI: 5493003JSU68UU09PZ63 | Long             |  | CORP              | KY        |  29325000 | PA      | $234600.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 38             | Octagon Investment Partners 38 Ltd              | CUSIP: 67591XAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  27930029 | PA      | $5586005.80   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40             | Octagon Investment Partners 40 Ltd              | CUSIP: 67592EAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  17740000 | PA      | $4435000.00   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 41             | Octagon Investment Partners 41 Ltd              | CUSIP: 67592GAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  17000000 | PA      | $5590544.00   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 42 Ltd         | OCT42 2019-3A SUB 07/15/2034                    | CUSIP: 67576RAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31965078 | PA      | $10952366.08  | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 47             | Octagon Investment Partners 47 Ltd              | CUSIP: 67576YAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  52689000 | PA      | $22772185.80  | 1.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 48             | Octagon Investment Partners 48 Ltd              | CUSIP: 67577QAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  14225000 | PA      | $7448210.00   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 52             | Octagon 52 Ltd                                  | CUSIP: 67577KAJ6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  33926829 | PA      | $21034633.98  | 1.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XX             | Octagon Investment Partners XXII Ltd            | CUSIP: 67574QAG2<br>LEI: 549300MQ9W5DWZ8QX450 | Long             |  | CORP              | KY        |  29623750 | PA      | $148118.75    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XX             | Octagon Investment Partners XXII Ltd            | CUSIP: 67574QAH0<br>LEI: 549300MQ9W5DWZ8QX450 | Long             |  | CORP              | KY        |   1000000 | PA      | $5000.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XX             | Octagon Investment Partners XXII Ltd            | CUSIP: BCC289BN6<br>LEI: 549300MQ9W5DWZ8QX450 | Long             |  | CORP              | KY        |   1431250 | PA      | $7156.25      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investments Partners 3             | Octagon Investment Partners 36 Ltd              | CUSIP: 67591QAC0<br>LEI: 549300S890TBOLY1D042 | Long             |  | CORP              | KY        |    600000 | PA      | $426900.00    | 0.02%             | 2031-04-15      | Floating      | 12.27%                | Yes           |                  3 | On Loan: No      |
| OFSI Fund LTD                              | OFSI BSL VIII Ltd                               | CUSIP: 67111JAC7<br>LEI: 254900VR4BMP1BVIS878 | Long             |  | CORP              | KY        |   4820896 | PA      | $347104.51    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                   | OZLM XIV Ltd                                    | CUSIP: 67110JAE4<br>LEI: 549300Y1XB6AVMQY8652 | Long             |  | CORP              | KY        |  35176667 | PA      | $10044106.09  | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM IX, Ltd.                              | OZLM IX, Ltd.                                   | CUSIP: 67109LAG7<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3750000 | PA      | $2148750.00   | 0.11%             | 2031-10-20      | Floating      | 12.87%                | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                   | OZLM IX Ltd                                     | CUSIP: BCC28B9M6<br>LEI: 549300Y1XB6AVMQY8652 | Long             |  | CORP              | KY        |   2250000 | PA      | $56250.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares LXI CLO Ltd                                | CUSIP: 04019EAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  13000000 | PA      | $6175000.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares LXVII CLO Ltd                              | CUSIP: 039940AC5<br>LEI: N/A                  | Long             |  | CORP              | JE        |  26046000 | PA      | $23370788.00  | 1.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XL CLO Ltd                                 | CUSIP: 04016HAB2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  41274000 | PA      | $813097.80    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES XLIV CLO Ltd                          | ARES 2017-44A SUB 04/15/2034                    | CUSIP: 04016NAJ2<br>LEI: N/A                  | Long             |  | CORP              | KY        | 111500000 | PA      | $21556774.00  | 1.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | ARES XLVI CLO Ltd                               | CUSIP: 04016UAU1<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6400000 | PA      | $56960.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                               | Ares XXXVR CLO Ltd                              | CUSIP: 00192TAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7000000 | PA      | $42000.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Loan Funding VIII Ltd                 | ARES 2024-ALF8 SUB 01/24/2038                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  56782000 | PA      | $46780392.00  | 2.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES61- Fee Letter                         | ARES61- Fee Letter                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  13000000 | NS      | $382966.23    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atlas Senior Loan Fund LTD                 | Atlas Senior Loan Fund Ltd                      | CUSIP: 04943FAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6000000 | PA      | $2310000.00   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atlas Senior Loan Fund XVII Ltd            | ATCLO 2021-17A SUB 10/20/2034                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   6000000 | PA      | $2460000.00   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atrium CDO Corp                            | Madison Park Funding XLI Ltd                    | CUSIP: 04964YAE1<br>LEI: 549300O252OCTN35RH57 | Long             |  | CORP              | KY        |  39075000 | PA      | $343860.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Babson CLO Ltd                             | Barings CLO Ltd 2019-III                        | CUSIP: 06761PAC4<br>LEI: 549300T40QLO0VJIOB35 | Long             |  | CORP              | KY        |  30726502 | PA      | $13780836.15  | 0.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BBAM US CLO LTD.                           | BBAM US CLO I Ltd                               | CUSIP: 054979AC3<br>LEI: 549300LRECI1GZTZLF38 | Long             |  | CORP              | KY        |  18500000 | PA      | $11598369.00  | 0.58%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BlueMountain CLO 2018-3 Ltd                | BLUEM 2018-3A SUB 10/25/2030                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  17825000 | PA      | $955420.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain CLO 2015-4 Ltd                     | CUSIP: 095766AE1<br>LEI: 549300EB3KHH9T7ICE44 | Long             |  | CORP              | KY        |   9644700 | PA      | $120558.75    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain CLO 2015-4 Ltd                     | CUSIP: 095766AG6<br>LEI: 549300EB3KHH9T7ICE44 | Long             |  | CORP              | KY        |    837000 | PA      | $775647.90    | 0.04%             | 2030-04-20      | Floating      | 10.48%                | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain CLO 2016-3 Ltd                     | CUSIP: 09628XAB6<br>LEI: 549300EYIDIF4X8MHI21 | Long             |  | CORP              | KY        |   9897500 | PA      | $1321316.25   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain CLO 2018-1 Ltd                     | CUSIP: 09629UAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   8500000 | PA      | $2873850.00   | 0.14%             | 2030-07-30      | Floating      | 12.75%                | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain CLO 2018-1 Ltd                     | CUSIP: 09629UAE5<br>LEI: N/A                  | Long             |  | CORP              | KY        |   9000000 | PA      | $94500.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BlueMountain CLO 2018-3 Ltd                | BLUEM 2018-3A SUB 10/25/2030                    | CUSIP: 09629YAE7<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6000000 | PA      | $321600.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle US CLO 2024-6 Ltd                       | CUSIP: 14319QAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  48222222 | PA      | $38095555.38  | 1.91%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle US CLO 2025-3 Ltd                       | CUSIP: 14320FAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  54824000 | PA      | $43859200.00  | 2.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLYLE US CLO 2020-1 LTD                  | CGMS 2020-1A SUB 07/20/2034                     | CUSIP: 14315UAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28783404 | PA      | $15830872.20  | 0.80%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cathedral Lake LTD                         | Cathedral Lake CLO 2013 Ltd                     | CUSIP: 14918DAC7<br>LEI: 549300V711IFCX6W8E15 | Long             |  | CORP              | KY        |  21350000 | PA      | $81130.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lakeside Park CLO Ltd                      | LAKPK 2025-1A M 04/15/2038                      | CUSIP: 51219AAE7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  55824333 | PA      | $2421991.32   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LCM Ltd Partnership                        | LCM 35 Ltd                                      | CUSIP: 50203NAC3<br>LEI: 549300KLSB4ZQ2S3TJ95 | Long             |  | CORP              | KY        |  28000000 | PA      | $5908485.00   | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LCM Ltd Partnership                        | LCM 40 Ltd                                      | CUSIP: 50190MAE6<br>LEI: 549300KLSB4ZQ2S3TJ95 | Long             |  | CORP              | JE        |   5772496 | PA      | $331698.15    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LCM Ltd Partnership                        | LCM 40 Ltd                                      | CUSIP: 50190RAA3<br>LEI: 549300KLSB4ZQ2S3TJ95 | Long             |  | CORP              | JE        |  17000000 | PA      | $11107286.00  | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos Clo 2013-3 Ltd                       | TELOS 2013-3A SUB 01/17/2024                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   4666667 | PA      | $466.67       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                              | Telos Clo 2013-3 Ltd                            | CUSIP: 87974GAB9<br>LEI: 25490083G97ZZN6SR263 | Long             |  | CORP              | KY        |   3998876 | PA      | $399.89       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                              | Telos Clo 2013-3 Ltd                            | CUSIP: BCC20UM21<br>LEI: 25490083G97ZZN6SR263 | Long             |  | CORP              | KY        |   5666667 | PA      | $566.67       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                              | Telos CLO 2014-6 Ltd                            | CUSIP: 87970XAA8<br>LEI: 549300S94NIRW4K03T89 | Long             |  | CORP              | KY        |  21400000 | PA      | $2140.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRAL 2017-4A SUB 01/20/2030 - Fee Letter   | TRAL 2017-4A SUB 01/20/2030 - Fee Letter        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |    286377 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tralee CLO Ltd                             | Tralee CLO II Ltd                               | CUSIP: BCC223K13<br>LEI: 549300KVMYUNBMVPNK19 | Long             |  | CORP              | KY        |   6300000 | PA      | $630.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tralee CLO Ltd                             | Tralee CLO IV Ltd                               | CUSIP: 89300EAA7<br>LEI: 549300TO44EYB43F5661 | Long             |  | CORP              | KY        |  13270000 | PA      | $1327.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BlueMountain CLO XXXIV Ltd.                | BlueMountain CLO XXXIV Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  10700000 | PA      | $5564000.00   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Highbridge Loan Management 3-2014, Ltd.    | Highbridge Loan Management 3-2014, Ltd.         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  25500000 | PA      | $2550.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding XI, Ltd.              | Madison Park Funding XI, Ltd.                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  19000000 | PA      | $184300.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM IX, Ltd.                              | OZLM IX, Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  10750000 | PA      | $268750.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 36, Ltd.       | Octagon Investment Partners 36, Ltd.            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  10250000 | PA      | $322812.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXV CLO, Limited                   | Venture XXV CLO, Limited                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  13750000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO LTD                            | Venture 2021-42A Y 04/15/2034                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |    582524 | PA      | $103754.51    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VENT25_FeeLetter                           | VENT25_FeeLetter                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  12500000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture 42 CLO Ltd                         | VENTR 2021-42A SUB 04/15/2034                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   7000000 | PA      | $2240000.00   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture 48 CLO Ltd                         | VENTR 2023-48A SUB 10/20/2036                   | CUSIP: 92331QAC3<br>LEI: N/A                  | Long             |  | CORP              | JE        |  26848000 | PA      | $17451200.00  | 0.88%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture 44 CLO Ltd                              | CUSIP: 92332QAE8<br>LEI: 5493005RF0X3GB54HH60 | Long             |  | CORP              | KY        |  24750000 | PA      | $6435000.00   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture XXIII CLO Ltd                           | CUSIP: 92331KAU6<br>LEI: 549300BWBX8PTZD3W768 | Long             |  | CORP              | KY        |   4125000 | PA      | $309375.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| 522 Funding CLO LTD                        | 522 Funding CLO 2019-5 Ltd                      | CUSIP: 33830NAC0<br>LEI: 549300HKB0UTKU91DG08 | Long             |  | CORP              | KY        |  29800000 | PA      | $7200118.00   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AGL Clo 40 Ltd                             | AGL 2025-40A SUB 07/22/2038                     | CUSIP: 00122LAE6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  37157500 | PA      | $35069248.50  | 1.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AGLCL40 - FEELTR                           | AGLCL40 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  37157500 | NS      | $973720.41    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                        | Apex Credit CLO 2019 LTD                        | CUSIP: 03754BAC1<br>LEI: 549300OKB854VBBC1981 | Long             |  | CORP              | KY        |  17500000 | PA      | $5649217.00   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| APEXC 2019-1A FRR 07/18/2037               | APEXC 2019-1A FRR 07/18/2037                    | CUSIP: 03754BAG2<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2775000 | PA      | $2361247.50   | 0.12%             | 2037-07-18      | Floating      | 14.72%                | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                        | Apex Credit CLO 2019-II Ltd                     | CUSIP: 03755DAC6<br>LEI: 549300OKB854VBBC1981 | Long             |  | CORP              | KY        |   4500000 | PA      | $1205837.00   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                        | Apex Credit Clo 2018-I Ltd                      | CUSIP: 03754MAE3<br>LEI: 549300OKB854VBBC1981 | Long             |  | CORP              | KY        |  12420000 | PA      | $372600.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 106 CLO Ltd                              | CUSIP: 26254TAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  32302500 | PA      | $20278317.00  | 1.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 53 CLO Ltd                               | CUSIP: 26243FAA6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6640783 | PA      | $365243.07    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 53 CLO Ltd                               | CUSIP: BCC2F2RJ5<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3000000 | PA      | $165000.00    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 76 CLO Ltd                               | CUSIP: 26252XAA5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21989000 | PA      | $7159126.00   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden 78 CLO Ltd                          | DRSLF 2020-78A SUB 04/17/2033                   | CUSIP: 26253JAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10246726 | PA      | $4201157.66   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden 78 CLO Ltd                          | DRSLF 2020-78X SUB 04/17/2033                   | CUSIP: G2852JAB2<br>LEI: N/A                  | Long             |  | CORP              | KY        |   9667000 | PA      | $3963470.00   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 87 CLO Ltd                               | CUSIP: 26246HAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24000000 | PA      | $10320000.00  | 0.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 87 CLO Ltd                               | CUSIP: BCC30WH05<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3000000 | PA      | $1290000.00   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden 92 CLO Ltd                          | DRSLF 2021-92A SUB 11/20/2034                   | CUSIP: 26251HAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7000000 | PA      | $2590000.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO 2021-14 Ltd                  | AWPT 2021-14A SUB 10/20/2034                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  32000000 | PA      | $12480000.00  | 0.63%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO Ltd                          | Elevation CLO 2021-14 Ltd                       | CUSIP: 28623TAC8<br>LEI: 549300JPI8D017HI2768 | Long             |  | CORP              | KY        |  20930905 | PA      | $8163052.95   | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO Ltd                          | Elevation CLO 2020-11 Ltd                       | CUSIP: 28622CAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  58231578 | PA      | $16887157.62  | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO 2020-11 Ltd                  | AWPT 2020-11X SUB 10/15/2037                    | CUSIP: G31073AB8<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3789474 | PA      | $1098947.46   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO Ltd                          | Elevation CLO 2021-12 Ltd                       | CUSIP: 28623NAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  44245037 | PA      | $13273511.10  | 0.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO 14 Ltd                         | Elmwood CLO 14 Ltd                              | CUSIP: 29003XAE3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  26200000 | PA      | $12969000.00  | 0.65%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO 16 Ltd                         | ELM16 2022-3A SUB 04/20/2034                    | CUSIP: 29003DAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  39850000 | PA      | $17932500.00  | 0.90%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO 27 Ltd                         | ELM27 2024-3A SUB 04/18/2037                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  44412500 | PA      | $24871000.00  | 1.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO 38 Ltd                         | Elmwood CLO 38 Ltd                              | CUSIP: 289909AC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  49662000 | PA      | $37246500.00  | 1.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                   | OZLM VII Ltd                                    | CUSIP: 67108XAF4<br>LEI: 549300Y1XB6AVMQY8652 | Long             |  | CORP              | KY        |    667647 | PA      | $3648.89      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pixley Park CLO Ltd                        | PXLY 2024-1A SUB 01/15/2037                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  57138000 | PA      | $44367657.00  | 2.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Point Au Roche Park CLO, Ltd               | Point Au Roche Park CLO Ltd                     | CUSIP: 73052WAE3<br>LEI: 5493000RMLD359CPH591 | Long             |  | CORP              | KY        |  12320000 | PA      | $46510.79     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Point Au Roche Park CLO, Ltd               | Point Au Roche Park CLO Ltd                     | CUSIP: 73052WAG8<br>LEI: 5493000RMLD359CPH591 | Long             |  | CORP              | KY        |  12320000 | PA      | $101195.74    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Polus Capital Management                   | POLUS US CLO I Ltd                              | CUSIP: 73163HAC6<br>LEI: 254900NPT7G7FAJXZS09 | Long             |  | CORP              | BM        |  10000000 | PA      | $6000000.00   | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Post CLO LTD                               | Post CLO 2018-1 Ltd                             | CUSIP: BCC2G5XB7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  29282500 | PA      | $10980937.50  | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REGATF32 - FEELTR                          | REGATF32 - FEELTR                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  28657356 | NS      | $961040.37    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta 32 Funding Ltd.                    | Regatta 32 Funding Ltd                          | CUSIP: 75884FAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28657356 | PA      | $26264466.77  | 1.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta VI Funding Ltd.                    | Regatta VI Funding Ltd                          | CUSIP: 75887PAC8<br>LEI: 2549001NU08X5ZRD6A39 | Long             |  | CORP              | KY        |  22000000 | PA      | $6160000.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta X Funding Ltd.                     | Regatta X Funding Ltd                           | CUSIP: 75884CAC0<br>LEI: 549300E2FIIBY7XTJE98 | Long             |  | CORP              | KY        |  31600000 | PA      | $6794000.00   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta X Funding Ltd.                     | Regatta X Funding Ltd                           | CUSIP: 75884CAQ9<br>LEI: 549300E2FIIBY7XTJE98 | Long             |  | CORP              | KY        |  51200000 | PA      | $171001.71    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta X Funding Ltd.                     | Regatta X Funding Ltd                           | CUSIP: 75884CAU0<br>LEI: 549300E2FIIBY7XTJE98 | Long             |  | CORP              | KY        |  51200000 | PA      | $1105175.30   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XIV Funding Ltd                    | Regatta XIV Funding Ltd                         | CUSIP: 75888NAE8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  50300000 | PA      | $2751410.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XVIII Funding Ltd                  | Regatta XVIII Funding Ltd                       | CUSIP: 75884HAB1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  29740356 | PA      | $19331231.40  | 0.97%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XXII Funding Ltd.                  | Regatta XXII Funding Ltd                        | CUSIP: 758969AC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  38823000 | PA      | $27952560.00  | 1.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XXIII Funding Ltd                  | Regatta XXIII Funding Ltd                       | CUSIP: 75889GAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  26429333 | PA      | $14536133.15  | 0.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XXIX Funding Ltd.                  | Regatta XXIX Funding Ltd                        | CUSIP: 758972AC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  48542640 | PA      | $39804964.80  | 2.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XXVI Funding Ltd.                  | Regatta XXVI Funding Ltd                        | CUSIP: 75900YAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  23022500 | PA      | $17957550.00  | 0.90%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Riserva CLO, Ltd.                          | Riserva Clo Ltd                                 | CUSIP: 76761TAC9<br>LEI: 549300640C8OB2I8SN35 | Long             |  | CORP              | KY        |  13600000 | PA      | $2448000.00   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                     | Rockford Tower CLO 2019-1 Ltd                   | CUSIP: 77342NAC8<br>LEI: 549300GGUAM1ZV2SKK63 | Long             |  | CORP              | KY        |  10000000 | PA      | $3400000.00   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                      | Rockland Park CLO Ltd                           | CUSIP: 77366PAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28750000 | PA      | $14375000.00  | 0.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                      | Rockland Park CLO Ltd                           | CUSIP: 77366PAE0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28750000 | PA      | $84218.39     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                      | Rockland Park CLO Ltd                           | CUSIP: 77366PAG5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28750000 | PA      | $189746.65    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROCT213- Fee Letter                        | ROCT213- Fee Letter                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  29264625 | NS      | $437597.41    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROCT221 - FEELTR                           | ROCT221 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  34068750 | NS      | $280603.85    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROCT223 - FEELTR                           | ROCT223 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  21000000 | NS      | $452376.19    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Romark CLO Ltd                             | Romark CLO V Ltd                                | CUSIP: 77588QAC4<br>LEI: 549300NIP2J0NPQTYT18 | Long             |  | CORP              | KY        |  30000000 | PA      | $10200000.00  | 0.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RR 12 Ltd                                  | RRAM 0 01/15/36 144A                            | CUSIP: 00163J200<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28480000 | NS      | $6265600.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RRX Ltd                                    | RRX 5 Ltd                                       | CUSIP: 40256MAC2<br>LEI: 254900TI9DIU9J9B1Y09 | Long             |  | CORP              | KY        |  14423684 | PA      | $6734708.32   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SCUL37 - WHEQTY                            | SCUL37 - WHEQTY                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  10292272 | NS      | $10292271.50  | 0.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sculptor Clo Xxxiii Ltd                    | SCUL 33A SUB 07/20/2037                         | CUSIP: 811247AC9<br>LEI: N/A                  | Long             |  | CORP              | JE        |   5786000 | PA      | $3645180.00   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sculptor CLO Ltd                           | Sculptor CLO XXXIV Ltd                          | CUSIP: 81124DAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6579000 | PA      | $4868460.00   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sculptor CLO XXIX Ltd                      | SCUL 29X SUB 10/22/2034                         | CUSIP: G80012AB6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  20150000 | PA      | $8664500.00   | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sculptor CLO XXXV Ltd                      | SCUL 35A SUB 04/27/2038                         | CUSIP: 81125PAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |   8170000 | PA      | $5555600.00   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sculptor CLO XXXII Ltd                     | SCUL 32A SUB 04/30/2037                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | JE        |  12000000 | PA      | $7200000.00   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shackleton CLO LTD                         | Shackleton 2013-IV-R CLO Ltd                    | CUSIP: 81882GAE7<br>LEI: 5493000LHXWSIZGUY418 | Long             |  | CORP              | KY        |  24500000 | PA      | $331528.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO 4 Ltd                      | SPEAK 2017-4A SUB 10/26/2034                    | CUSIP: 56846YAE5<br>LEI: 635400L44OLNOBHFTO08 | Long             |  | CORP              | KY        |   7056061 | PA      | $1058409.15   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 4 Ltd                           | CUSIP: BCC2ELRM7<br>LEI: 635400L44OLNOBHFTO08 | Long             |  | CORP              | KY        |  34131624 | PA      | $5119743.60   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 1 LTD                           | CUSIP: 289246AC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  37275000 | PA      | $6709500.00   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 10 Ltd                          | CUSIP: 82671WAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2586650 | PA      | $1564923.25   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 10 Ltd                          | CUSIP: 82671WAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10000000 | PA      | $6050000.00   | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture 41 Clo Ltd                         | VENTR 2021-41A SUB 01/20/2034                   | CUSIP: 92326KAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |   5000000 | PA      | $1550000.00   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture 41 Clo Ltd                              | CUSIP: BCC2QIIU3<br>LEI: 549300Q6VG2813TG2830 | Long             |  | CORP              | KY        |   9000000 | PA      | $2790000.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WNDRVR212- Fee Letter                      | WNDRVR212- Fee Letter                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  30700000 | NS      | $207168.60    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais Clo 7 llc                             | Zais Clo 7 Ltd                                  | CUSIP: 98887WAC5<br>LEI: 549300XFDOUEB0QTZS87 | Long             |  | CORP              | KY        |   8000000 | PA      | $800.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais Clo 7 llc                             | Zais Clo 7 Ltd                                  | CUSIP: 98887XAA7<br>LEI: 549300XFDOUEB0QTZS87 | Long             |  | CORP              | KY        |   1200000 | PA      | $120.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais CLO 9, Limited                        | Zais Clo 9 Ltd                                  | CUSIP: 98875PAC4<br>LEI: 549300GT2U4OLB9UL559 | Long             |  | CORP              | KY        |  12700000 | PA      | $6350.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO Ltd                                | OCP CLO 2020-18 Ltd                             | CUSIP: 67570T105<br>LEI: 254900MN6N176YEZLX15 | Long             |  | CORP              | KY        |  46010000 | PA      | $15643400.00  | 0.79%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO Ltd                                | OCP CLO 2016-11 Ltd                             | CUSIP: 67092H209<br>LEI: 254900QIJ8IQOK988683 | Long             |  | CORP              | KY        |  50925000 | PA      | $18842250.00  | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO Ltd                                | OCP CLO 2025-42 Ltd                             | CUSIP: 67091SAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  48950000 | PA      | $38597075.00  | 1.94%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAG57 - FEELTR                           | OCTAG57 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  31725000 | NS      | $246047.01    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain CLO XXXI Ltd                       | CUSIP: 09631DAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  16782602 | PA      | $6880866.82   | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain Fuji US Clo II Ltd                 | CUSIP: 09629HAA2<br>LEI: N/A                  | Long             |  | CORP              | KY        |   4750000 | PA      | $4412750.00   | 0.22%             | 2030-10-20      | Floating      | 10.68%                | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                       | BlueMountain Fuji US Clo II Ltd                 | CUSIP: 09629HAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  27980000 | PA      | $839400.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BLUMFU2- Fee Letter                        | BLUMFU2- Fee Letter                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  55350000 | NS      | $87095.20     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO 40 Ltd                          | CUSIP: 83617DAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28635000 | PA      | $23480700.00  | 1.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLG163 - FEELTR                          | CARLG163 - FEELTR                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  33600000 | NS      | $373680.37    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLG201 - FEELTR                          | CARLG201 - FEELTR                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  28783404 | NS      | $240198.66    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLG246 - FEELTR                          | CARLG246 - FEELTR                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  48222222 | NS      | $836232.63    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLG25B - WHEQTY                          | CARLG25B - WHEQTY                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  27590000 | NS      | $27590000.00  | 1.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLG25E - WHEQTY                          | CARLG25E - WHEQTY                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   8900000 | NS      | $8900000.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle Global Market Strategies CLO 2016-3 Ltd | CUSIP: 14311WAC8<br>LEI: 5493000C19IMTVUCMB96 | Long             |  | CORP              | KY        |  35445614 | PA      | $5848526.31   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle Global Market Strategies CLO 2014-5 Ltd | CUSIP: 14311BAE0<br>LEI: 549300ODZUR61VZRRZ07 | Long             |  | CORP              | KY        |   7134333 | PA      | $142686.66    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle Global Market Strategies CLO 2013-4 Ltd | CUSIP: 143108AA6<br>LEI: 549300TYZXFDHLTKDG17 | Long             |  | CORP              | KY        |  14500000 | PA      | $356700.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle Global Market Strategies CLO 2013-2 Ltd | CUSIP: 14310EAG0<br>LEI: 635400XFOCOSFVGDN267 | Long             |  | CORP              | KY        |   8848067 | PA      | $14156.91     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle Global Market Strategies CLO 2013-2 Ltd | CUSIP: BCC2201L6<br>LEI: 635400XFOCOSFVGDN267 | Long             |  | CORP              | KY        |   7250000 | PA      | $11600.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle US CLO 2020-2 Ltd                       | CUSIP: 14315HAC7<br>LEI: 635400XFOCOSFVGDN267 | Long             |  | CORP              | KY        |  14558333 | PA      | $6114499.86   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | CARLYLE US CLO 2021-11 LTD                      | CUSIP: 143124AC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  35949200 | PA      | $15098664.00  | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | CARLYLE US CLO 2021-8 LTD                       | CUSIP: 143117AE9<br>LEI: 635400XFOCOSFVGDN267 | Long             |  | CORP              | KY        |  43287500 | PA      | $20345125.00  | 1.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi             | Carlyle US CLO 2022-3 Ltd                       | CUSIP: 14317AAE6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  27370000 | PA      | $16969400.00  | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO V Ltd                          | Elmwood CLO V Ltd                               | CUSIP: 29003AAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10400000 | PA      | $6245200.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO VI Ltd                         | ELMW6 2020-3A SUB 10/20/2034                    | CUSIP: 29001WAB3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  23677000 | PA      | $12548810.00  | 0.63%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO XII Ltd                        | ELM12 2021-5A SUB 01/20/2035                    | CUSIP: 29003CAE9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  32250000 | PA      | $16447500.00  | 0.83%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Franklin Park Place CLO I                  | Franklin Park Place CLO I LLC                   | CUSIP: 35459EAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  29915743 | PA      | $15556186.36  | 0.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FRPP1 - FEELTR                             | FRPP1 - FEELTR                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  29915743 | NS      | $1844503.58   | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Generate CLO Ltd.                          | Generate CLO 6 Ltd                              | CUSIP: 98625PAC7<br>LEI: 254900V675MOVWK0HA08 | Long             |  | CORP              | KY        |  20700000 | PA      | $12834000.00  | 0.64%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Generate CLO Ltd.                          | Generate Clo 11 Ltd                             | CUSIP: 37149JAC6<br>LEI: 549300LO5FP76OLGQK93 | Long             |  | CORP              | KY        |  15211000 | PA      | $11408250.00  | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Generate CLO Ltd.                          | Generate CLO 5 Ltd                              | CUSIP: 98625MAC4<br>LEI: 635400TYXCFIHMPETY18 | Long             |  | CORP              | KY        |  32625000 | PA      | $11745000.00  | 0.59%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HIBLM143FEELTR - Fee Letter                | HIBLM143FEELTR - Fee Letter                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  25500000 | NS      | $50347.52     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPS Investment Partners                    | Highbridge Loan Management 2013-2 Ltd           | CUSIP: 44330FAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2500000 | PA      | $1080500.00   | 0.05%             | 2029-10-20      | Floating      | 12.78%                | Yes           |                  3 | On Loan: No      |
| HPS Loan Management Ltd                    | HPS Loan Management 10-2016 Ltd                 | CUSIP: 40436UAC7<br>LEI: 2549009NI8GVCM3ROT27 | Long             |  | CORP              | KY        |  24460380 | PA      | $6359698.80   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPS Loan Management Ltd                    | Highbridge Loan Management 5-2015 Ltd           | CUSIP: 42982BAE9<br>LEI: 54930067MZ9NV8B3SZ80 | Long             |  | CORP              | KY        |  23125000 | PA      | $409312.50    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPS Loan Management Ltd                    | Highbridge Loan Management 5-2015 Ltd           | CUSIP: 44330XAC0<br>LEI: 54930067MZ9NV8B3SZ80 | Long             |  | CORP              | KY        |   4375000 | PA      | $2504687.50   | 0.13%             | 2030-10-15      | Floating      | 12.52%                | Yes           |                  3 | On Loan: No      |
| HPS Loan Management Ltd                    | HPS Loan Management 2021-16 Ltd                 | CUSIP: 40441AAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  32364000 | PA      | $14887440.00  | 0.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPSL2116- Fee Letter                       | HPSL2116- Fee Letter                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  28764000 | NS      | $460535.52    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ICG US CLO Ltd                             | ICG US CLO 2014-1, Ltd.                         | CUSIP: 44928YAQ5<br>LEI: 213800MAPH9PBACGJG35 | Long             |  | CORP              | KY        |  28687500 | PA      | $3012187.50   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ICG US CLO Ltd                             | ICG US CLO 2018-2 LTD                           | CUSIP: 44933HAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  17950000 | PA      | $926220.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kings Park CLO Ltd                         | Kings Park CLO Ltd                              | CUSIP: 496097AC0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  40627500 | PA      | $19907475.00  | 1.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lakeside Park CLO Ltd                      | LAKPK 2025-1A SUB 04/15/2038                    | CUSIP: 51219AAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  55824333 | PA      | $42236690.35  | 2.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding XIII Ltd                   | CUSIP: 55818NAE5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21500000 | PA      | $814850.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding XXI Ltd                    | CUSIP: BCC2BIUX9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7000000 | PA      | $2380000.00   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                   | Madison Park Funding XXIV Ltd                   | CUSIP: 55820QAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3568750 | PA      | $963562.50    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park XLIV                          | Atrium XV                                       | CUSIP: 04965EAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  23394737 | PA      | $10527631.65  | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MAGNET50 - WHEQTY                          | MAGNET50 - WHEQTY                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  17800000 | NS      | $17800000.00  | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Magnetite Xlv Ltd                          | MAGNE 2025-45A SUB 04/15/2038                   | CUSIP: 55956DAE9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  50550000 | PA      | $45318075.00  | 2.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Magnetite CLO Ltd                          | Magnetite 50 Ltd                                | CUSIP: 55956NAE7<br>LEI: 529900LA8YF5OY74OD31 | Long             |  | CORP              | KY        |  48817000 | PA      | $43935300.00  | 2.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Magnetite CLO Ltd                          | Magnetite XLVII Ltd                             | CUSIP: 559917AE9<br>LEI: 529900SMT5EN0CN67W73 | Long             |  | CORP              | KY        |  50484000 | PA      | $44385532.80  | 2.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO LTD                       | Marble Point CLO XVI Ltd                        | CUSIP: 56607DAA8<br>LEI: 2549001G1E9UB7Y1WR96 | Long             |  | CORP              | KY        |  15250000 | PA      | $6100000.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XVII Ltd                  | MP17 2020-1A SUB 04/20/2033                     | CUSIP: 56606EAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3000000 | PA      | $1350000.00   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO LTD                       | Marble Point CLO XVII Ltd                       | CUSIP: 56606FAA4<br>LEI: 2549003LUS5LG1CTZP23 | Long             |  | CORP              | KY        |  14000000 | PA      | $6300000.00   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XVIII Ltd                 | Marble Point CLO XVIII Ltd                      | CUSIP: 566074AC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  40602768 | PA      | $21519467.04  | 1.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XVIII Ltd                 | MP18 2020-2A INC 10/15/2050                     | CUSIP: 566077AA1<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7582651 | PA      | $4018805.03   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XXIV Ltd                  | Marble Point Clo XXIV Ltd                       | CUSIP: 56607XAC0<br>LEI: 549300110Z5KVNWF6X83 | Long             |  | CORP              | KY        |  18040000 | PA      | $8298400.00   | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XXIV Ltd                  | Marble Point Clo XXIV Ltd                       | CUSIP: 56607YAA2<br>LEI: 549300110Z5KVNWF6X83 | Long             |  | CORP              | KY        |   9150000 | PA      | $4209000.00   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MBLPT18 - FEELTR                           | MBLPT18 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  37422471 | NS      | $586814.56    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                        | MidOcean Credit CLO II                          | CUSIP: 59802TAC6<br>LEI: 549300EKSLXKVD2RWW61 | Long             |  | CORP              | KY        |  13600000 | PA      | $1360.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                        | MidOcean Credit CLO III                         | CUSIP: 59802VAE7<br>LEI: 549300XSCUX0ONI5KZ96 | Long             |  | CORP              | KY        |  16650000 | PA      | $1665.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                        | MidOcean Credit CLO VI                          | CUSIP: 59802WAC9<br>LEI: 549300YUUBR2C1GYW366 | Long             |  | CORP              | KY        |  29700000 | PA      | $2673000.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 5 Ltd                           | CUSIP: 56845DAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  33067500 | PA      | $6448162.50   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 7 Ltd                           | CUSIP: 56844CAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  22817000 | PA      | $9720042.00   | 0.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO 8 Ltd                      | SPEAK 2020-8A SUB 04/20/2033                    | CUSIP: 56845QAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  12439280 | PA      | $6592818.40   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                       | Signal Peak CLO 10 Ltd                          | CUSIP: 82670VAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31467808 | PA      | $17779311.52  | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TCW CLO 2021-2 Ltd                         | TCW 2021-2A SUB 07/25/2034                      | CUSIP: 87301QAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   5625000 | PA      | $2475000.00   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TCW Gem Ltd                                | TCW CLO 2022-1 Ltd                              | CUSIP: 871978AC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  15936000 | PA      | $9880320.00   | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TCW Gem Ltd                                | TCW CLO 2022-1 Ltd                              | CUSIP: 871979AA8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  12550000 | PA      | $7781000.00   | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TCW Ltd                                    | TCW CLO 2025-1 LTD                              | CUSIP: 872409AC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  26075000 | PA      | $21903000.00  | 1.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture XXII CLO Ltd                            | CUSIP: 92331JAE5<br>LEI: 549300ERIHFJJFMGMG87 | Long             |  | CORP              | KY        |  18500000 | PA      | $92500.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture 37 CLO Ltd                              | CUSIP: 92332JAC8<br>LEI: 549300IW5Q3C6JHMIU22 | Long             |  | CORP              | KY        |   8500000 | PA      | $1020000.00   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture XX CLO Ltd                              | CUSIP: 92330KAE3<br>LEI: 549300LQ92YS70N4PB21 | Long             |  | CORP              | KY        |   7200000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                            | Venture 47 Clo Ltd                              | CUSIP: 92330QAC4<br>LEI: 549300OR6XPG21TVTN63 | Long             |  | CORP              | JE        |  13000000 | PA      | $10010000.00  | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund      | CUSIP: 31846V567<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  45913275 | PA      | $45913274.96  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-07

**Name of Applicant:** Oxford Lane Capital Corp.

**Signature:** /s/ Bruce L. Rubin

**Name of Signer:** Bruce L. Rubin

**Title:** Chief Financial Officer, Corporate Secretary and Treasurer