# EDGAR Filing Document

**Accession Number:** 0002015849
**File Stem:** 0001193125-26-242080
**Filing Date:** 2026-5
**Character Count:** 18924
**Document Hash:** e11b71cc863fb7facad323a9dfe5f32d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-242080.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001193125-26-242080

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MA Specialty Credit Income Fund
- **CENTRAL INDEX KEY:** 0002015849

**ORGANIZATION NAME:**
- **EIN:** 996194853
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23978
- **FILM NUMBER:** 261027249

**BUSINESS ADDRESS:**
- **STREET 1:** 3 W. MAIN STREET, SUITE 301
- **CITY:** IRVINGTON
- **STATE:** NY
- **ZIP:** 10533
- **BUSINESS PHONE:** 914.670.8996

**MAIL ADDRESS:**
- **STREET 1:** 3 W. MAIN STREET, SUITE 301
- **CITY:** IRVINGTON
- **STATE:** NY
- **ZIP:** 10533

## Nport-Ex

**MA Specialty Credit Income Fund** 

**Consolidated Schedule of Investments**

**March 31, 2026 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest** | **Maturity<br> Date** | **Shares/<br> Principal** | **Cost** | **Value** |
| **Collateralized Loan Obligations (5.44%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;ABPCI Direct 2024-17<sup>(a)(b)</sup> | 11.66% (3-Month SOFR +8.00%) | 8/1/2036 | $1500000 | $1498125 | $1498104 |
| &nbsp;&nbsp;&nbsp;BCRED CLO 2025-1<sup>(a)(b)</sup> | 5.05% (3-Month SOFR +1.38%) | 4/20/2037 | 1850000 | 1848150 | 1852478 |
| &nbsp;&nbsp;&nbsp;HPS Private Credit CLO 2025-3<sup>(a)(b)</sup> | 11.12% (3-Month SOFR +7.45%) | 7/20/2037 | 2000000 | 2034550 | 1989618 |
| &nbsp;&nbsp;&nbsp;JCP Direct Lending CLO 2023-1<sup>(a)(b)</sup> | 7.17% (3-Month SOFR + 3.50%) | 7/20/2037 | 1227500 | 1228977 | 1212858 |
| &nbsp;&nbsp;&nbsp;MCF CLO VIII<sup>(a)(b)</sup> | 11.67% (3-Month SOFR + 8.00%) | 4/18/2036 | 2500000 | 2560529 | 2500335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Collateralized Loan Obligations** |  |  |  | 9170331 | 9053393 |
| **Private Investment Vehicles (14.81%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;MSM SLPP ONSHORE LP<sup>(c)(d)</sup> |  |  | 24604052 | 24604052 | 24626737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Private Investment Vehicles** |  |  |  | 24604052 | 24626737 |
| **Private Loans (59.07%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;ABL REVOLVER IHC<sup>(a)(e)(f)</sup> | 13.17% (1-Month SOFR + 9.50%) | 6/30/2026 | 4225237 | 4225237 | 4013975 |
| &nbsp;&nbsp;&nbsp;ABL REVOLVER RF<sup>(a)(e)(g)</sup> | 12.92% (1-Month SOFR + 9.25%) | 4/15/2028 | 9478973 | 9478973 | 9504586 |
| &nbsp;&nbsp;&nbsp;ABL TERM PCG<sup>(e)(g)</sup> | 12.00% | 6/28/2027 | 72127 | 72127 | 72358 |
| &nbsp;&nbsp;&nbsp;ABL TERM GP<sup>(a)(e)</sup> | 9.38% (Daily SOFR + 5.75%) | 9/27/2028 | 25000000 | 25000000 | 25000000 |
| &nbsp;&nbsp;&nbsp;ABL TERM VI<sup>(e)</sup> | 10.50% | 11/20/2027 | 10000000 | 10000000 | 10000000 |
| &nbsp;&nbsp;&nbsp;ABL TERM HFD<sup>(e)</sup> | 15.00% | 4/30/2027 | 15000000 | 15000000 | 15000000 |
| &nbsp;&nbsp;&nbsp;ABL TERM HFD UNI A<sup>(e)</sup> | 10.00% | 10/24/2026 | 1530000 | 1530000 | 1532136 |
| &nbsp;&nbsp;&nbsp;ABL TERM HFD UNI B<sup>(e)</sup> | 17.35% | 10/24/2026 | 13770000 | 13770000 | 13787722 |
| &nbsp;&nbsp;&nbsp;ABL TERM JCP<sup>(a)(e)</sup> | 10.16% (3-Month SOFR + 6.5%) | 9/22/2030 | 15000000 | 15000000 | 14892000 |
| &nbsp;&nbsp;&nbsp;BE OLD I LLC ELC<sup>(d)(e)(f)(g)(h)</sup> | 11.00% | 2/22/2029 | 6840409 | 5268189 | 3976510 |
| &nbsp;&nbsp;&nbsp;BE OLD I LLC 2ALC<sup>(d)(e)(f)(g)(h)</sup> | 12.00% | 12/10/2028 | 641855 | 494975 | 433623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Private Loans** |  |  |  | 99839501 | 98212910 |
| **Private Real Estate Debt (2.38%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;XCAL 2023-MSN10 B1<sup>(a)(b)(e)(f)(g)(i)</sup> | 10.17% (1-Month SOFR + 6.50%) |  | 1323087 | 1323087 | 1319779 |
| &nbsp;&nbsp;&nbsp;XCAL 2023-MSN10 B2<sup>(a)(b)(e)(g)(i)(j)</sup> | 0.00% |  | 541667 | 541667 | 81250 |
| &nbsp;&nbsp;&nbsp;XCF 2024-OSL A<sup>(a)(b)(e)(g)</sup> | 8.75% (SOFR Floor 4.75% + 4.00%) | 2/15/2027 | 2000000 | 2000000 | 2008980 |
| &nbsp;&nbsp;&nbsp;XCF 2024-OSL B2<sup>(a)(b)(e)(g)</sup> | 28.96% (1-Month SOFR + 24.21%) | 2/15/2027 | 550000 | 550000 | 552378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Private Real Estate Debt** |  |  |  | 4414754 | 3962387 |
| **Private Structured Credit (9.00%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;MONROE CAP ABS FDG 2<sup>(a)(b)(e)</sup> | 10.70% (3-Month SOFR + 7.00%) | 12/18/2035 | 15000000 | 15000000 | 14962155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Private Structured Credit** |  |  |  | 15000000 | 14962155 |
| **Short-Term Investments** |  |  |  |  |  |
| **Money Market Fund (4.69%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Treasury Portfolio - Class I | 3.55%<sup>(k)</sup> |  | 7797121 | 7797121 | 7797121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Short-Term Investments** |  |  |  | 7797121 | 7797121 |
| **Total Investments (95.39%)** |  |  |  | $**160825759** | $**158614703** |
| Assets in excess of other liabilities (4.61%) |  |  |  |  | 7617684 |
| **Net Assets - 100.00%** |  |  |  |  | $**166232387** |

---

<sup>a</sup> Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of March 31, 2026.

<sup>b</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. This security is restricted to resale to qualified buyers.

<sup>c</sup> Valued using net asset value per share (or its equivalent) as a practical expedient.

<sup>d</sup> Security restricted as to resale.

<sup>e</sup> Fair valued using significant unobservable inputs. The total of all such investments represents 70.45% of net assets.

<sup>f</sup> This security's accrual rate is set to zero as it is non-income producing. The rate disclosed as of March 31, 2026 is the base rate.

<sup>g</sup> Investment was acquired in-kind from private funds managed by the Adviser between May 28, 2024 and June 30, 2024 in exchange for cash and shares.

<sup>h</sup> This investment is made through the majority owned subsidiary BE OLD I, LLC.

<sup>i</sup> This security is restructuring with no specific maturity date.

<sup>j</sup> This security's accrual rate is set to zero as it is non-income producing.

<sup>k</sup> The rate is the annualized seven-day yield at period end.

**Additional information on restricted securities is as follows:**

---

| | | |
|:---|:---|:---|
| Investment | Initial<br> Acquisition<br> Date | Cost |
| ABPCI Direct 2024-17 | 4/11/2025 | $1498125 |
| BCRED CLO 2025-1 | 8/1/2025 | 1848150 |
| BE OLD I LLC ELC | 6/1/2024 | 5268189 |
| BE OLD I LLC 2ALC | 6/1/2024 | 494975 |
| HPS Private Credit CLO 2025-3 | 8/13/2025 | 2034550 |
| JCP Direct Lending CLO 2023-1 | 8/1/2025 | 1228977 |
| MCF CLO VIII | 8/13/2025 | 2560529 |
| MONROE CAP ABS FDG 2 | 12/18/2025 | 15000000 |
| MSM SLPP ONSHORE LP | 4/18/2025 | 24604052 |
| XCAL 2023-MSN10 B1 | 6/1/2024 | 1323087 |
| XCAL 2023-MSN10 B2 | 6/1/2024 | 541667 |
| XCF 2024-OSL A | 6/10/2024 | 2000000 |
| XCF 2024-OSL B2 | 6/10/2024 | 550000 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MA Specialty Credit Income Fund

- **b. Investment Company Act file number:** 811-23978

- **c. CIK number of Registrant:** 0002015849

- **d. LEI of Registrant:** 529900PP6XZOUXA5N533

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

  - **Street Address 1:** 3 W. Main Street

  - **City:** Irvington

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10533

  - **Telephone number:** 914-670-8996

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

- **a. Name of Series:** MA Specialty Credit Income Fund

- **c. LEI of Series:** 529900PP6XZOUXA5N533

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $173723209.12

**Total Liabilities:** $8068195.22

**Net Assets:** $165655013.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** -1224.378526324575 | **30-Year:** -76.518534212225

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

- **3-Month:** -584.606748253205 | **1-Year:** -8741.809409571547 | **5-Year:** -8649.144431549131 | **10-Year:** -7077.385150851974 | **30-Year:** -79.685204101843

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.77%                | 0.55%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-67957.05                                 |
| Month 2  | $0.00                    | $-256930.53                                |
| Month 3  | $0.00                    | $-516362.75                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| MCF CLO LLC                                 | MCF CLO VIII Ltd.                              | CUSIP: 55281QAG1<br>LEI: 254900KF5QOK0T8H4C54 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500334.75   | 1.51%             | 2036-04-18      | Floating      | 11.67%                | Yes           | 2                  | On Loan: No      |
| Monroe Capital Income Plus ABS              | Monroe Capital Income Plus ABS Funding III LLC | CUSIP: 61034BAE7<br>LEI: 254900FAEONGS4J44I51 | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $14962155.00  | 9.03%             | 2035-12-18      | Floating      | 10.70%                | Yes           | 3                  | On Loan: No      |
| XCAL Mortgage Trust                         | X-Caliber Funding LLC                          | CUSIP: 98373XBE9<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-MBS          | CORP              | US        |   1323087 | PA      | $1319779.49   | 0.80%             | 2026-04-30      | Floating      | 10.17%                | Yes           | 3                  | On Loan: No      |
| XCAL Mortgage Trust                         | X-Caliber Funding LLC                          | CUSIP: 98373XBF6<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-MBS          | CORP              | US        |    541667 | PA      | $81250.03     | 0.05%             | 2026-04-30      | Fixed         | 20.92%                | Yes           | 3                  | On Loan: No      |
| XCAL Mortgage Trust                         | X-Caliber Funding LLC                          | CUSIP: 98373XBS8<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2008980.00   | 1.21%             | 2027-02-06      | Floating      | 8.75%                 | Yes           | 3                  | On Loan: No      |
| XCAL Mortgage Trust                         | X-Caliber Funding LLC                          | CUSIP: 98373XBU3<br>LEI: 549300GGW5CBE4FDT866 | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $552378.20    | 0.33%             | 2027-02-06      | Fixed         | 28.96%                | Yes           | 3                  | On Loan: No      |
| Fidelity Treasury Portfolio                 | Fidelity Treasury Portfolio - Class I          | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   8843797 | PA      | $8843797.19   | 5.34%             |  |  |  | No            | 1                  | On Loan: No      |
| ABL TERM GRP 9/27/28    /                   | ABL TERM GRP 9/27/28    /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  25000000 | PA      | $25000000.00  | 15.09%            | 2028-09-27      | Floating      | 9.38%                 | No            | 3                  | On Loan: No      |
| HFD TL FUNDED 7/2/2025   /                  | HFD TL FUNDED 7/2/2025   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  15000000 | PA      | $15000000.00  | 9.05%             | 2028-11-15      | Fixed         | 15.00%                | No            | 3                  | On Loan: No      |
| ABPCI Direct Lending Fund CLO               | ABPCI Direct Lending Fund CLO XVII LLC         | CUSIP: 00112AAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1498103.70   | 0.90%             | 2036-08-01      | Floating      | 11.66%                | Yes           | 2                  | On Loan: No      |
| BCRED CLO LTD                               | BCRED CLO 2025-1 LLC                           | CUSIP: 05556FAA1<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1852478.26   | 1.12%             | 2037-04-20      | Floating      | 5.05%                 | Yes           | 2                  | On Loan: No      |
| HPS Private Credit CLO                      | HPS Private Credit CLO 2025-3 LLC              | CUSIP: 40445YAJ3<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1989618.20   | 1.20%             | 2037-07-20      | Floating      | 11.12%                | Yes           | 2                  | On Loan: No      |
| JCP Direct Lending CLO LLC                  | JCP Direct Lending CLO 2023-1 LLC              | CUSIP: 46656TBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1227500 | PA      | $1212858.38   | 0.73%             | 2037-07-20      | Floating      | 7.17%                 | Yes           | 2                  | On Loan: No      |
| HFD FUNDED 10/24/2026   /                   | HFD FUNDED 10/24/2026   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1530000 | PA      | $1532135.88   | 0.92%             | 2026-10-24      | Fixed         | 10.00%                | No            | 3                  | On Loan: No      |
| HFD FUNDED 10/24/2026   /                   | HFD FUNDED 10/24/2026   /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13770000 | PA      | $13787721.99  | 8.32%             | 2026-10-24      | Fixed         | 17.35%                | No            | 3                  | On Loan: No      |
| ABL REV IHC F 63026 REVOLVER 06/30/26   /   | ABL REV IHC F 63026 REVOLVER 06/30/26   /      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4225237 | PA      | $4013974.81   | 2.42%             | 2026-06-30      | Floating      | 13.17%                | No            | 3                  | On Loan: No      |
| JCP WAREHOUSE DDTL FUNDED   /               | JCP WAREHOUSE DDTL FUNDED   /                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  15000000 | PA      | $14892000.00  | 8.99%             | 2030-09-22      | Floating      | 10.15%                | No            | 3                  | On Loan: No      |
| MSM SLPP ONSHORE LP    /                    | MSM SLPP ONSHORE LP    /                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  24604052 | OU      | $24626736.94  | 14.87%            |  |  |  | No            | N/A                | On Loan: No      |
| ABL TERM PCG 6/28/27    /                   | ABL TERM PCG 6/28/27    /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72127 | PA      | $72358.15     | 0.04%             | 2027-06-28      | Fixed         | 12.00%                | No            | 3                  | On Loan: No      |
| ABL REV RF F 4/15/28 REVOLVER 4/15/2028   / | ABL REV RF F 4/15/28 REVOLVER 4/15/2028   /    | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9478973 | PA      | $9504585.54   | 5.74%             | 2028-04-15      | Floating      | 12.91%                | No            | 3                  | On Loan: No      |
| TRISTATE BANK MA   /                        | TRISTATE BANK MA   /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   5239846 | PA      | $5239845.89   | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| ABL TERM VI 11/20/27    /                   | ABL TERM VI 11/20/27    /                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  10000000 | PA      | $10000000.00  | 6.04%             | 2027-11-20      | Fixed         | 10.50%                | No            | 3                  | On Loan: No      |
| LOAN POOL OL OLD I LLC   /                  | LOAN POOL OL OLD I LLC   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4580901.15   | 2.77%             |  |  |  | No            | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-07

**Name of Applicant:** MA Specialty Credit Income Fund

**Signature:** /s/ Paul Grady

**Name of Signer:** Paul Grady

**Title:** Principal Financial Officer