# EDGAR Filing Document

**Accession Number:** 0002000645
**File Stem:** 0001752724-25-210573
**Filing Date:** 2025-8
**Character Count:** 35846
**Document Hash:** ab4eaf410e4758e2065b603471c7d0a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210573.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210573

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Octagon XAI CLO Income Fund
- **CENTRAL INDEX KEY:** 0002000645

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23915
- **FILM NUMBER:** 251269079

**BUSINESS ADDRESS:**
- **STREET 1:** 321 N. CLARK ST.
- **STREET 2:** SUITE 2430
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** 312-374-6930

**MAIL ADDRESS:**
- **STREET 1:** 321 N. CLARK ST.
- **STREET 2:** SUITE 2430
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654

## Nport-Ex

**Octagon XAI CLO Income Fund**

**Schedule of Investments**

**(Unaudited)**

**June 30, 2025**

**Octagon XAI CLO Income Fund**

SCHEDULE OF INVESTMENTS

June 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Reference Rate &<br> Spread** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS DEBT - 82.16%<sup>(a)(b)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS DEBT - 82.16%<sup>(a)(b)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS DEBT - 82.16%<sup>(a)(b)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS DEBT - 82.16%<sup>(a)(b)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS DEBT - 82.16%<sup>(a)(b)</sup>** |
| &nbsp;&nbsp;&nbsp;AGL CLO 21 Ltd. | 3M SOFR + 5.65% | 10/21/2037 | $500000 | $492256 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 16 Ltd. | 3M SOFR + 5.70% | 01/19/2038 | 500000 | 504569 |
| &nbsp;&nbsp;&nbsp;Anchorage Capital CLO 21 Ltd. | 3M SOFR + 6.25% | 10/20/2034 | 500000 | 491445 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XL Ltd. | 3M SOFR + 5.60% | 07/15/2037 | 500000 | 505214 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XLI Ltd. | 3M SOFR + 5.65% | 10/20/2037 | 685000 | 695945 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XLVII Ltd. | 3M SOFR + 6.20% | 04/26/2037 | 500000 | 505932 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XLVIII Ltd. | 3M SOFR + 5.75% | 07/25/2037 | 500000 | 506125 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XXIII | 3M SOFR + 5.20% | 04/15/2033 | 1000000 | 998764 |
| &nbsp;&nbsp;&nbsp;Apidos CLO XXXV | 3M SOFR + 6.01% | 04/20/2034 | 500000 | 500502 |
| &nbsp;&nbsp;&nbsp;Ares Loan Funding III Ltd. | 3M SOFR + 6.10% | 07/25/2036 | 500000 | 502243 |
| &nbsp;&nbsp;&nbsp;Bain Capital Credit CLO 2022-3 Ltd. | 3M SOFR + 7.35% | 07/17/2035 | 619357 | 619951 |
| &nbsp;&nbsp;&nbsp;Barings CLO Ltd. 2024-II | 3M SOFR + 5.90% | 07/15/2039 | 1000000 | 1013388 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XVII Ltd. | 3M SOFR + 6.15% | 10/15/2037 | 750000 | 753742 |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XXIX Ltd. | 3M SOFR + 4.60% | 01/25/2038 | 1150000 | 1147697 |
| &nbsp;&nbsp;&nbsp;Canyon CLO 2021-3 Ltd. | 3M SOFR + 6.46% | 07/15/2034 | 500000 | 498083 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2017-2 Ltd. | 3M SOFR + 7.56% | 07/20/2037 | 1000000 | 1002063 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2019-3 Ltd. | 3M SOFR + 7.34% | 04/20/2037 | 1250000 | 1265656 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2021-5 Ltd. | 3M SOFR + 6.51% | 07/20/2034 | 500000 | 500000 |
| &nbsp;&nbsp;&nbsp;Carlyle US CLO 2024-2 Ltd. | 3M SOFR + 6.85% | 04/25/2037 | 500000 | 508908 |
| &nbsp;&nbsp;&nbsp;Cayuga Park CLO Ltd. | 3M SOFR + 6.26% | 07/17/2034 | 500000 | 501153 |
| &nbsp;&nbsp;&nbsp;CBAM 2018-8 Ltd. | 3M SOFR + 6.37% | 07/15/2037 | 750000 | 756111 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-I Ltd. | 3M SOFR + 5.75% | 10/20/2037 | 500000 | 507400 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2019-III Ltd. | 3M SOFR + 5.00% | 01/16/2038 | 1250000 | 1254116 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2021-2 Ltd. | 3M SOFR + 6.46% | 04/15/2034 | 500000 | 501147 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2021-V Ltd. | 3M SOFR + 5.10% | 01/15/2038 | 450000 | 452232 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2022-IV Ltd. | 3M SOFR + 7.00% | 07/16/2035 | 275000 | 275624 |
| &nbsp;&nbsp;&nbsp;Dryden 77 CLO Ltd. | 3M SOFR + 6.13% | 05/20/2034 | 500000 | 487517 |
| &nbsp;&nbsp;&nbsp;Elmwood CLO 27 Ltd. | 3M SOFR + 6.25% | 04/18/2037 | 660000 | 665397 |
| &nbsp;&nbsp;&nbsp;Generate CLO 19 Ltd. | 3M SOFR + 6.00% | 04/22/2036 | 1200000 | 1206684 |
| &nbsp;&nbsp;&nbsp;Generate CLO 6 Ltd. | 3M SOFR + 7.25% | 10/22/2037 | 1000000 | 1003399 |
| &nbsp;&nbsp;&nbsp;GoldenTree Loan Management US CLO 25 Ltd. | 3M SOFR + 5.75% | 04/20/2038 | 750000 | 757504 |
| &nbsp;&nbsp;&nbsp;Lodi Park CLO Ltd. | 3M SOFR + 5.65% | 07/21/2037 | 1000000 | 1012870 |
| &nbsp;&nbsp;&nbsp;Madison Park Funding XXVIII Ltd. | 3M SOFR + 6.35% | 01/15/2038 | 1000000 | 985026 |
| &nbsp;&nbsp;&nbsp;Meacham Park CLO Ltd. | 3M SOFR + 5.35% | 10/20/2037 | 750000 | 755470 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 46 Ltd. | 3M SOFR + 5.15% | 01/20/2037 | 1250000 | 1245528 |
| &nbsp;&nbsp;&nbsp;NYACK Park CLO Ltd. | 3M SOFR + 6.36% | 10/20/2034 | 980000 | 978336 |
| &nbsp;&nbsp;&nbsp;Oaktree CLO 2024-27 Ltd. | 3M SOFR + 5.60% | 10/22/2037 | 500000 | 502836 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2016-12 Ltd. | 3M SOFR + 6.00% | 10/18/2037 | 1000000 | 1009601 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2017-13 Ltd. | 3M SOFR + 5.90% | 11/26/2037 | 1000000 | 1000951 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2019-17 Ltd. | 3M SOFR + 6.25% | 07/20/2037 | 1000000 | 1010566 |
| &nbsp;&nbsp;&nbsp;OCP CLO 2022-25 Ltd. | 3M SOFR + 5.85% | 07/20/2037 | 500000 | 503599 |
| &nbsp;&nbsp;&nbsp;OHA Credit Partners VII Ltd. | 3M SOFR + 4.50% | 02/20/2038 | 1000000 | 985505 |
| &nbsp;&nbsp;&nbsp;OHA Credit Partners XVII Ltd. | 3M SOFR + 5.00% | 01/18/2038 | 1000000 | 1001606 |
| &nbsp;&nbsp;&nbsp;OHA Loan Funding 2015-1 Ltd. | 3M SOFR + 6.91% | 01/19/2037 | 750000 | 752060 |
| &nbsp;&nbsp;&nbsp;Rad CLO 10 Ltd. | 3M SOFR + 6.11% | 04/23/2034 | 457240 | 448130 |
| &nbsp;&nbsp;&nbsp;Rad CLO 3 Ltd. | 3M SOFR + 5.88% | 07/15/2037 | 500000 | 484653 |
| &nbsp;&nbsp;&nbsp;Regatta XII Funding Ltd. | 3M SOFR + 6.90% | 10/15/2037 | 500000 | 504650 |
| &nbsp;&nbsp;&nbsp;Regatta XXVIII Funding Ltd. | 3M SOFR + 6.85% | 04/25/2037 | 500000 | 508721 |
| &nbsp;&nbsp;&nbsp;SIXST 2024-24A E | 3M SOFR + 6.65% | 04/23/2037 | 800000 | 812200 |
| &nbsp;&nbsp;&nbsp;SIXST 2025-28A E | 3M SOFR + 5.45% | 04/21/2038 | 1250000 | 1270313 |
| &nbsp;&nbsp;&nbsp;Sixth Street CLO XXII Ltd. | 3M SOFR + 4.75% | 04/21/2038 | 1250000 | 1244514 |
| &nbsp;&nbsp;&nbsp;Voya CLO 2024-7 Ltd. | 3M SOFR + 5.25% | 01/20/2038 | 750000 | 755297 |
|  |  |  |  | 39153199 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS DEBT <br> (Cost $39,220,625)** | **TOTAL COLLATERALIZED LOAN OBLIGATIONS DEBT <br> (Cost $39,220,625)** |  |  | 39153199 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Estimated Yield** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>** |
| &nbsp;&nbsp;&nbsp;Benefit Street Partners CLO XII Ltd. | 16.83% | 10/15/2030 | 500000 | 445750 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2018-II Ltd. | 16.33% | 10/20/2037 | 1250000 | 602713 |
| &nbsp;&nbsp;&nbsp;CIFC Funding 2021-VII Ltd. | 13.97% | 01/23/2035 | 1500000 | 905100 |
| &nbsp;&nbsp;&nbsp;Neuberger Berman CLO XXI Ltd. | 14.23% | 01/20/2039 | 1400000 | 930566 |

---

**Octagon XAI CLO Income Fund**

SCHEDULE OF INVESTMENTS

June 30, 2025 (Continued) (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Estimated Yield** | **Maturity Date** | **Principal Amount** | **Value** |
| **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>(Continued)** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>(Continued)** | **COLLATERALIZED LOAN OBLIGATIONS EQUITY - 7.79%<sup>(a)(c)</sup>(Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;OCP CLO 2024-36 Ltd. | 13.60% | 10/16/2037 | $1000000 | $826700 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS EQUITY<br> (Cost $3,953,224)** | **TOTAL COLLATERALIZED LOAN OBLIGATIONS EQUITY<br> (Cost $3,953,224)** |  |  | 3710829 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Reference Rate &<br> Spread** | **<br>Maturity Date**  | **<br>Principal Amount** | **<br>Value** |
| **SENIOR SECURED FIRST LIEN LOANS - 0.51%** | **SENIOR SECURED FIRST LIEN LOANS - 0.51%** |  |  |  |
| ***Textiles, Apparel & Luxury Goods - 0.51%*** | ***Textiles, Apparel & Luxury Goods - 0.51%*** |  |  |  |
| &nbsp;&nbsp;&nbsp;Beach Acquisition Co. Parent, LLC, Tranche B-1<sup>(b)</sup> | 3M SOFR + 3.25% | 06/25/2032 | 241009 | 242214 |
| **TOTAL SENIOR SECURED FIRST LIEN LOANS <br> (Cost $240,407)** | **TOTAL SENIOR SECURED FIRST LIEN LOANS <br> (Cost $240,407)** |  |  | 242214 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **MONEY MARKET FUNDS - 0.25%** |  |  |
| &nbsp;&nbsp;&nbsp;Invesco Short Term Investments Trust Treasury Portfolio, <br>Institutional Class, 4.23% (7-day yield) | 119645 | 119645 |
| **TOTAL MONEY MARKET FUNDS <br> (Cost $119,645)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119645<br>|
| **TOTAL INVESTMENTS - 90.71% <br> (Cost $43,533,901)** |  | 43225887 |
| **Other Assets in Excess of Liabilities - 9.29%** |  | 4428169 |
| **NET ASSETS - 100.00%** |  | $47654056 |

---

*<sup>(a)</sup>* *All or a portion of the security is exempt from registration of the Securities Act of 1933. These securities may be resold in transactions exempt from registration under Rule 144A, normally to qualified institutional buyers. As of June 30, 2025, these securities had an aggregate value of $42,864,028 or 89.95% of net assets.*

*<sup>(b)</sup>* *Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Leveraged loans and CLO debt securities typically have reference Rate Floors ("Rate Floors") embedded in their loan agreements and organizational documents. Leveraged loans generally have Rate Floors of 0% or more, while CLO debt securities often set Rate Floors at 0%. Rate Floors serve to establish a minimum base rate to be paid by the borrower before the fixed spread. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.*

*<sup>(c)</sup>* *CLO subordinated notes, income notes, Y notes and M notes are considered CLO equity positions. CLO equity positions are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses. The effective yield is estimated based upon the amount and timing of these recurring distributions in addition to the estimated amount of terminal principal payment. Effective yields for the CLO equity positions are updated generally once per quarter or on a transaction such as an add-on purchase, refinancing or reset. The estimated yield and investment cost may ultimately not be realized. Estimated yields shown are as of June 30, 2025.*

Investment Abbreviations:

LLC – Limited Liability Company

SOFR – Secured Overnight Financing Rate

Reference Rates:

3M SOFR as of June 30, 2025 was 4.34%

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** OCTAGON XAI CLO INCOME FUND

- **b. Investment Company Act file number:** 811-23915

- **c. CIK number of Registrant:** 0002000645

- **d. LEI of Registrant:** 254900YSMZ51M668KY67

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

  - **Street Address 1:** 321 NORTH CLARK STREET #2430

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60654

  - **Telephone number:** 3123746930

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

- **a. Name of Series:** Octagon XAI CLO Income Fund

- **c. LEI of Series:** 254900YSMZ51M668KY67

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $41963635.70

**Total Liabilities:** $440579.54

**Net Assets:** $41523056.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00 | **1-Year:** 0.00 | **5-Year:** 0.00 | **10-Year:** 0.00 | **30-Year:** 0.00

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 653.39572474 | **10-Year:** 18773.57312690 | **30-Year:** 2124.53191968

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.92%               | 4.01%                | 0.90%                |
| Class ID N/A | -1.96%               | 3.99%                | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-780418.79                                |
| Month 2  | $0.00                    | $971114.85                                 |
| Month 3  | $-1.73                   | $87311.72                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cayuga Park CLO, Ltd.          | CYGPK 2020-1A ER                               | CUSIP: 149790AJ6<br>LEI: 549300SVH2QJEV4A2G21 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501152.70    | 1.21%             | 2034-07-17      | Floating      | 10.54%                | Yes           |                  2 | On Loan: No      |
| Generate CLO Ltd.              | GNRT 2025-19A E                                | CUSIP: 37150KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1206683.52   | 2.91%             | 2036-04-22      | Floating      | 10.31%                | Yes           |                  2 | On Loan: No      |
| Regatta XII Funding Ltd.       | REG12 2019-1A ERR                              | CUSIP: 75888LAQ5<br>LEI: 2549001ZYXDVCT6R4I31 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504650.45    | 1.22%             | 2037-10-15      | Floating      | 11.16%                | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APID 2022-40A ER                               | CUSIP: 03769TAG6<br>LEI: 549300CRPUKFOJKGAT02 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $505213.95    | 1.22%             | 2037-07-15      | Floating      | 9.86%                 | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD      | ANCHC 2021-21A ER                              | CUSIP: 03331LAJ6<br>LEI: 54930063NKPB83QNUF90 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $491444.85    | 1.18%             | 2034-10-20      | Floating      | 10.52%                | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                | OAKCL 2024-27A E                               | CUSIP: 67402VAA2<br>LEI: 2549005VHJ8BB9WPL105 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502836.50    | 1.21%             | 2037-10-22      | Floating      | 9.87%                 | Yes           |                  2 | On Loan: No      |
| Invesco Treasury Portfolio     | INVESCO TREASURY PORTFOLIO INSTITUTIONAL CLASS | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |    119645 | NS      | $119644.80    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street CLO LTD.          | SIXST 2023-22A ER                              | CUSIP: 83011NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1244514.00   | 3.00%             | 2038-04-21      | Floating      | 9.02%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Partners Ltd        | OHACP 2024-17A E                               | CUSIP: 67120NAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001606.10   | 2.41%             | 2038-01-18      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| Canyon CLO 2021-3 Ltd          | CANYC 2021-3A E                                | CUSIP: 13875NAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498083.30    | 1.20%             | 2034-07-15      | Floating      | 10.72%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2018-2A SUB                               | CUSIP: 17180YAC5<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $602712.50    | 1.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP 2016-12A E1R3                              | CUSIP: 67092TAL8<br>LEI: 254900U8BS6KLMI9K654 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1009600.90   | 2.43%             | 2037-10-18      | Floating      | 10.27%                | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CGMS 2017-2A ER2                               | CUSIP: 14315KAG1<br>LEI: 549300VC6J79YJCFU884 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002063.40   | 2.41%             | 2037-07-20      | Floating      | 11.83%                | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APID 2022-41A ER                               | CUSIP: 03770EAG6<br>LEI: 213800RGMG7DPJTR8V62 | Long             | ABS-CBDO         | CORP              | JE        |    685000 | PA      | $695944.72    | 1.68%             | 2037-10-20      | Floating      | 9.92%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO Ltd                    | RAD 2019-3A E1R2                               | CUSIP: 749987AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $484652.85    | 1.17%             | 2037-07-15      | Floating      | 10.14%                | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | NEUB 2021-46A ER                               | CUSIP: 64134RAL9<br>LEI: 549300LCOEVXWN75LP18 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1245527.63   | 3.00%             | 2037-01-20      | Floating      | 9.42%                 | Yes           |                  2 | On Loan: No      |
| Babson CLO Ltd                 | BABSN 2024-2A E                                | CUSIP: 067937AA0<br>LEI: 549300KMDW0AZOKOC583 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1013387.60   | 2.44%             | 2039-07-15      | Floating      | 10.16%                | Yes           |                  2 | On Loan: No      |
| Generate CLO Ltd.              | GNRT 6A ER2                                    | CUSIP: 37148HAC1<br>LEI: 254900V675MOVWK0HA08 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003398.90   | 2.42%             | 2037-10-22      | Floating      | 11.52%                | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CGMS 2021-5A E                                 | CUSIP: 14318AAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 1.20%             | 2034-07-20      | Floating      | 10.78%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2021-2A E                                 | CUSIP: 12565TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501147.10    | 1.21%             | 2034-04-15      | Floating      | 10.72%                | Yes           |                  2 | On Loan: No      |
| Meacham Park CLO, Ltd.         | MCHPK 2024-1A E                                | CUSIP: 58286RAA1<br>LEI: 254900ZA60EDHY111387 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $755470.43    | 1.82%             | 2037-10-20      | Floating      | 9.62%                 | Yes           |                  2 | On Loan: No      |
| CBAMR Ltd                      | CBAM 2018-8A E2R                               | CUSIP: 12478FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $756111.00    | 1.82%             | 2037-07-15      | Floating      | 10.63%                | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP 2024-36A SUB                               | CUSIP: 67119VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1000000 | PA      | $826700.00    | 1.99%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | MDPK 2018-28A ER                               | CUSIP: 55821BAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $985026.30    | 2.37%             | 2038-01-15      | Floating      | 10.61%                | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP 2022-25A ER                                | CUSIP: 67116FAQ9<br>LEI: 254900V271655KJK1382 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503599.15    | 1.21%             | 2037-07-20      | Floating      | 10.12%                | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | BSP 2017-12A SUB                               | CUSIP: 08179JAB2<br>LEI: 549300CIOPBDYOSN3T91 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $445750.00    | 1.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APID 2024-48A E                                | CUSIP: 03770XAA7<br>LEI: 25490046M6DC4604K633 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $506125.15    | 1.22%             | 2037-07-25      | Floating      | 10.03%                | Yes           |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD      | ANCHC 2020-16A ER2                             | CUSIP: 03330XAL6<br>LEI: 5493008M7D1YIDOH2C69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504568.70    | 1.22%             | 2038-01-19      | Floating      | 9.97%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | BSP 2019-17A ER2                               | CUSIP: 08182AAG5<br>LEI: 5493001ND55H5MJDIQ39 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753741.53    | 1.82%             | 2037-10-15      | Floating      | 10.41%                | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APID 2021-35A E                                | CUSIP: 03768TAA0<br>LEI: 549300KJKTO0Q1OATW69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500502.40    | 1.21%             | 2034-04-20      | Floating      | 10.28%                | Yes           |                  2 | On Loan: No      |
| Skechers USA 6/25 (USD) TLB    | Skechers USA 6/25 (USD) TLB                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    241009 | PA      | $242214.42    | 0.58%             | 2032-06-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | NEUB 2016-21A SUB                              | CUSIP: 64130YAE4<br>LEI: 549300VBBLOSKH8XQ869 | Long             | ABS-O            | CORP              | KY        |   1400000 | PA      | $930566.00    | 2.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | GLM 2025-25A E                                 | CUSIP: 38139YAA7<br>LEI: 254900NWYEI4MM854T50 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $757504.35    | 1.82%             | 2038-04-20      | Floating      | 10.07%                | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CGMS 2019-3A DRR                               | CUSIP: 14314KAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1265655.63   | 3.05%             | 2037-04-20      | Floating      | 11.61%                | Yes           |                  2 | On Loan: No      |
| Regatta XXVIII Funding Ltd.    | REG28 2024-2A E                                | CUSIP: 75901QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $508721.05    | 1.23%             | 2037-04-25      | Floating      | 11.13%                | Yes           |                  2 | On Loan: No      |
| Lodi Park CLO Ltd              | LODI 2024-1A E                                 | CUSIP: 540365AA1<br>LEI: 391200GQ88V33AWI7H75 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1012870.30   | 2.44%             | 2037-07-21      | Floating      | 9.92%                 | Yes           |                  2 | On Loan: No      |
| Nyack Park CLO, Ltd.           | NYKPK 2021-1A E                                | CUSIP: 67080QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    980000 | PA      | $978336.25    | 2.36%             | 2034-10-20      | Floating      | 10.63%                | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | BSP 2022-29A ER                                | CUSIP: 08186FAE5<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |   1150000 | PA      | $1147697.01   | 2.76%             | 2038-01-25      | Floating      | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CGMS 2024-2A E                                 | CUSIP: 14319AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $508908.45    | 1.23%             | 2037-04-25      | Floating      | 11.13%                | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP 2017-13A ER2                               | CUSIP: 67097NAJ1<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000951.20   | 2.41%             | 2037-11-26      | Floating      | 10.17%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2022-4A E                                 | CUSIP: 12567XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    275000 | PA      | $275624.25    | 0.66%             | 2035-07-16      | Floating      | 11.26%                | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                   | ARES 2022-ALF3A ER                             | CUSIP: 04019PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502243.25    | 1.21%             | 2036-07-25      | Floating      | 10.38%                | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | DRSLF 2020-77A ER                              | CUSIP: 26252YAE5<br>LEI: 254900XGNUOV0Y3IBA68 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $487516.60    | 1.17%             | 2034-05-20      | Floating      | 10.45%                | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP 2019-17A ER2                               | CUSIP: 67113MAG9<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1010566.40   | 2.43%             | 2037-07-20      | Floating      | 10.52%                | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | BCC 2022-3A E                                  | CUSIP: 05684QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    619357 | PA      | $619950.84    | 1.49%             | 2035-07-17      | Floating      | 11.63%                | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APID 2015-23A ERR                              | CUSIP: 03766QAJ9<br>LEI: 635400C39IXGGYE6DH05 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998763.90    | 2.41%             | 2033-04-15      | Floating      | 9.46%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2021-5A ER                                | CUSIP: 12565HAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $452231.64    | 1.09%             | 2038-01-15      | Floating      | 9.36%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APID 2024-47A E                                | CUSIP: 03770UAA3<br>LEI: 254900SZ16B4KDM8N485 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $505932.05    | 1.22%             | 2037-04-26      | Floating      | 10.48%                | Yes           |                  2 | On Loan: No      |
| Rad CLO Ltd                    | RAD 2021-10A E                                 | CUSIP: 48662MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    457240 | PA      | $448130.41    | 1.08%             | 2034-04-23      | Floating      | 10.39%                | Yes           |                  2 | On Loan: No      |
| OHA Loan Funding Ltd           | OHALF 2015-1A ER3                              | CUSIP: 67109CBE1<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752059.65    | 1.81%             | 2037-01-19      | Floating      | 11.18%                | Yes           |                  2 | On Loan: No      |
| OHA Credit Partners Ltd        | OAKC 2012-7A ER4                               | CUSIP: 67102UAK5<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $985505.00    | 2.37%             | 2038-02-20      | Floating      | 8.82%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 27 Ltd             | ELM27 2024-3A E                                | CUSIP: 29001DAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    660000 | PA      | $665396.56    | 1.60%             | 2037-04-18      | Floating      | 10.52%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2019-3A ER2                               | CUSIP: 12554UAG3<br>LEI: 254900SVOWCOSOG16T40 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1254115.88   | 3.02%             | 2038-01-16      | Floating      | 9.26%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO Ltd.                   | AGL 2022-21A ER                                | CUSIP: 00120GAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $492256.55    | 1.19%             | 2037-10-21      | Floating      | 9.92%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2019-1A ER                                | CUSIP: 12553BAG6<br>LEI: 254900RRJV30GDUWIX97 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $507399.55    | 1.22%             | 2037-10-20      | Floating      | 10.02%                | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC 2021-7A SUB                               | CUSIP: 12567KAC9<br>LEI: 54930089HD7KU5NUS092 | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $905100.00    | 2.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | VOYA 2024-7A E                                 | CUSIP: 92920UAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $755296.50    | 1.82%             | 2038-01-20      | Floating      | 9.54%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** OCTAGON XAI CLO INCOME FUND

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Principal Financial Officer