# EDGAR Filing Document

**Accession Number:** 0001843499
**File Stem:** 0001193125-26-133654
**Filing Date:** 2026-3
**Character Count:** 22778
**Document Hash:** 6c20eaeed9d7a05614f78f85ff5e58e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-133654.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001193125-26-133654

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23636
- **FILM NUMBER:** 26818730

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

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

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

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

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

## Nport-Ex

**AFA ASSET BASED LENDING FUND**

**Schedule of Investments**

**January 31, 2026 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Geographic<br> Region** | **Acquisition Date** | **Cost/Principal** | **Fair Value** | **Percent of<br> Net Assets** |
| **Investments in Asset Based Lending** |  |  |  |  |  |
| **Real Assets Asset Based Lending (6.05%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Commercial Real Estate Bridge Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alcova Holdings LLC, TA 4-Pack, 13.00%, 2/25/2026<sup>(a)(b)</sup> | North America | August, 2025 | $726923 | $736078 | 0.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Alcova Holdings LLC, TA 15-Pack, 15.00%<sup>(a)(b)</sup> | North America | December, 2025 | 2411902 | 2420345 | 0.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;Limerick Logistics Center 14.00% 12/23/2025<sup>(a)(b)</sup> | North America | February, 2024 | 3000000 | 2932444 | 1.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Opportunistic Real Estate Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NCP APN LLC, 1-month SOFR +10.00%, 6/17/2027<sup>(a)(b)</sup> | North America | June, 2025 | 3667122 | 3709074 | 1.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;NCP Mural Park LLC, 1-month SOFR +10.50%, 5.00% PIK, 3/21/2027<sup>(a)(b)(c)</sup> | North America | March, 2025 | 5000000 | 5475338 | 2.17% |
| **Specialized Collateral Asset Based Lending (1.20%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Event Tickets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;SI Tickets, Inc. & Events BSB Company LLC, SOFR + 8.25%, 8/25/2028<sup>(a)(b)(c)</sup> | North America | July, 2025 | 2970000 | 3031021 | 1.20% |
| **Specialty Finance Asset Based Lending (2.23%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Art** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AF Funding XII LLC, Prime +3.00%, 10/5/2025<sup>(a)(b)(c)</sup> | North America | October, 2023 | 939909 | 801947 | 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Lending to Finance Companies** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CH SPV A Holding LLC, 3-month SOFR+11.25%, 2/14/2027<sup>(a)(b)</sup> | North America | August, 2024 | 1800000 | 1815954 | 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;CONCAR-SPV-1, LLC, SOFR + 12.00%, 11/15/2026<sup>(a)(b)</sup> | North America | August, 2025 | 3000000 | 3023478 | 1.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Asset Based Lending (Cost $23,848,734) (9.48%)** |  |  | 23515856 | 23945679 |  |
| **Investments in Underlying Funds** |  |  |  |  |  |
| **Commercial Asset Based Lending (34.26%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Corporate Asset Based Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Callodine Asset Based Loan Fund II, LP<sup>(a)</sup> | North America | September, 2022 | 4335584 | 3992659 | 1.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;Callodine Perpetual ABL Fund LP<sup>(a)</sup> | North America | July, 2023 | 11400000 | 10995445 | 4.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;WhiteHawk Evergreen Fund, LP<sup>(a)</sup> | North America | October, 2024 | 15000000 | 15477628 | 6.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Diversified Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Feenix High Income Strategies GP LLC<sup>(a)</sup> | North America | February, 2024 | 4000000 | 4260060 | 1.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;FVP Opportunity Fund IV LP<sup>(a)</sup> | North America | June, 2023 | 11703947 | 12031080 | 4.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;Matterhorn Partners LP<sup>(a)(d)</sup> | North America | December, 2023 | 6000000 | 7378632 | 2.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;OHPC LP<sup>(a)</sup> | North America | April, 2022 | 17500000 | 17689761 | 7.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Trade Finance** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Evolution Credit Partners Trade Finance, L.P.<sup>(a)</sup> | North America | January, 2025 | 15000000 | 14736527 | 5.83% |
| **Opportunistic (0.04%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Distressed** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lynx EBO Fund II(B) SP, 3,500 Shares<sup>(a)</sup> | North America | October, 2021 | 151292 | 98752 | 0.04% |
| **Real Assets Asset Based Lending (14.33%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Minerals & Infrastucture Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nebari Natural Resources Credit Fund II LP<sup>(a)(d)</sup> | North America | February, 2025 | 1445654 | 1755549 | 0.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nebari Natural Resources Credit Fund II SPC<sup>(a)(d)</sup> | Cayman Islands | February, 2023 | 1099356 | 1165533 | 0.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Opportunistic Real Estate Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mavik Real Estate Special Opportunities Fund, LP<sup>(a)</sup> | North America | July, 2022 | 5417545 | 7279729 | 2.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Bridge Lending** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1543 Oceania Credit Opportunities Fund<sup>(a)</sup> | North America | February, 2024 | 13000000 | 15613932 | 6.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;Alcova Capital Yield Premium Fund, L.P.<sup>(a)</sup> | North America | August, 2021 | 8900000 | 10382524 | 4.11% |
| **Specialized Collateral Asset Based Lending (18.90%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Government Contracts** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Leonid Credit Income Fund LP<sup>(a)</sup> | North America | April, 2024 | 10000000 | 10808540 | 4.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Litigation Finance** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;EAJF ESQ Fund LP<sup>(a)(d)</sup> | North America | November, 2023 | 13000000 | 17744720 | 7.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Rocade Capital Fund IV LP<sup>(a)</sup> | North America | May, 2023 | 15870348 | 19160387 | 7.59% |
| **Specialty Finance Asset Based Lending (30.22%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Lending to Finance Companies** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bastion Funding V LP<sup>(a)</sup> | North America | October, 2023 | 18000000 | 18823012 | 7.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;Coromandel Credit Income Evergreen Fund LP<sup>(a)</sup> | North America | July, 2024 | 10000000 | 10585170 | 4.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Medalist Asset-Based Credit Fund III LP<sup>(a)</sup> | North America | July, 2023 | 10204397 | 9958927 | 3.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;Pier Special Opportunities Fund LP<sup>(a)</sup> | North America | December, 2022 | 13424493 | 13941178 | 5.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Rivonia Road Fund LP<sup>(a)(d)</sup> | North America | June, 2023 | 12000000 | 15499193 | 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Treville Credit Fund LP<sup>(a)</sup> | North America | July, 2022 | 7495878 | 7527483 | 2.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Investments in Underlying Funds (Cost $224,948,494) (97.75%)** |  |  | 224948494 | 246906421 |  |
| **Short-Term Investments** |  |  |  |  |  |
| **Money Market Fund (0.50%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;UMB Bank, Money Market Special II, 3.21% - 765,160 Shares<sup>(e)</sup> |  |  | 1271782 | 1271782 | 0.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Short-Term Investments (Cost $1,271,782) (0.50%)** |  |  | 1271782 | 1271782 |  |
| **Total Investments (Cost $249,736,132) (107.73%)** |  |  |  | $**272123882** |  |
| Liabilities in excess of other assets (-7.73%) |  |  |  | (19521153) |  |
| **Net Assets - 100.00%** |  |  |  | $**252602729** |  |

---

a Investments are restricted as to resale.

---

| | |
|:---|:---|
| b | Level 3 securities fair valued using significant unobservable inputs. The total of all such investments represents $23,945,679 or 9.48% of net assets. |

---

c This security has a component of paid-in-kind (PIK) interest.

d Non-income producing.

e The rate quoted is the annualized seven-day yield of the Fund at the period end.

The accompanying notes are an integral part of these Financial Statements.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 4142992270

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

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

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

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

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

- **b. Date as of which information is reported:** 2026-01-31

**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:** $281000988.31

**Total Liabilities:** $28454249.38

**Net Assets:** $252546738.93

**Cash Not Reported:** $898071.54

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.77%                | 0.78%                | 0.78%                |
| Class ID N/A | 0.77%                | 0.89%                | 0.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-21782.06                                 |
| Month 2  | $0.00                    | $1541055.24                                |
| Month 3  | $0.00                    | $643015.94                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AF FUNDING XII LLC 10/05/2025   /             | AF FUNDING XII LLC 10/05/2025   /             | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $801947.16    | 0.32%             | 2026-10-05      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| NCP APN LLC 06/16/27 - SOFR+10%   /           | NCP APN LLC 06/16/27 - SOFR+10%   /           | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $3709074.27   | 1.47%             | 2027-06-16      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| SI TIX TERM LOAN    /                         | SI TIX TERM LOAN    /                         | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $3031021.02   | 1.20%             | 2028-08-25      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Bastion Funding V LP Bastion Funding V LP   / | Bastion Funding V LP Bastion Funding V LP   / | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $18823011.76  | 7.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Callodine Asset Based LoanFund II LP   /      | Callodine Asset Based LoanFund II LP   /      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $3992659.41   | 1.58%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Coromandel    /                               | Coromandel    /                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10585170.06  | 4.19%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Callodine Perpetual    /                      | Callodine Perpetual    /                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10995444.84  | 4.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TA TRAVEL LOAN PARTICIPATION   /              | TA TRAVEL LOAN PARTICIPATION   /              | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $736077.60    | 0.29%             | 2026-02-25      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Alcova Capital Partn Alcova Capital Partn   / | Alcova Capital Partn Alcova Capital Partn   / | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $2420345.14   | 0.96%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AFA WHITEHAWK    /                            | AFA WHITEHAWK    /                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $15477627.85  | 6.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ALCOVA CAPITAL YIELD PREMIUM FUND LP   /      | ALCOVA CAPITAL YIELD PREMIUM FUND LP   /      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10382523.51  | 4.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| COVENTURE CREDIT OPP PARTNERS FUND LP   /     | COVENTURE CREDIT OPP PARTNERS FUND LP   /     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $7527483.04   | 2.98%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /               | UMB MONEY MARKET II SPECIAL   /               | CUSIP: SF8888651<br>LEI: N/A | Long             | STIV             | CORP              | US        |    373711 | PA      | $373710.95    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| LYNX EBO OFFSHORE FUND II(B) SP   /           | LYNX EBO OFFSHORE FUND II(B) SP   /           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $98752.30     | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| OHPC LP OHPC LP   /                           | OHPC LP OHPC LP   /                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $17689760.89  | 7.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TRISTATE BANK AFA   /                         | TRISTATE BANK AFA   /                         | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             | CORP              | US        |   7501325 | PA      | $7501324.60   | 2.97%             |  |  |  | No            | 1                  | On Loan: No      |
| EAFJ ESQ Fund LP    /                         | EAFJ ESQ Fund LP    /                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $17744719.85  | 7.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AFA Evolution    /                            | AFA Evolution    /                            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $14736527.14  | 5.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Feenix High, Inc.. LP    /                    | Feenix High, Inc.. LP    /                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $4260060.10   | 1.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FVP Opportunity Fund    /                     | FVP Opportunity Fund    /                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $12031080.48  | 4.76%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HFD - 02/14/2027 LOAN PARTICIPATION   /       | HFD - 02/14/2027 LOAN PARTICIPATION   /       | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $1815953.70   | 0.72%             | 2027-02-14      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| KANMON - 11/15/2026 LOAN PARTICIPATION   /    | KANMON - 11/15/2026 LOAN PARTICIPATION   /    | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $3023478.48   | 1.20%             | 2026-11-15      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Leonid Credit Income Fund LP   /              | Leonid Credit Income Fund LP   /              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $10808539.96  | 4.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MATTERHORN    /                               | MATTERHORN    /                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $7378631.92   | 2.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Medalist Asset-Based Credit Fund III LP   /   | Medalist Asset-Based Credit Fund III LP   /   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $9958926.56   | 3.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MAVIK REAL ESTATE SPEC OPPOR FUND LP   /      | MAVIK REAL ESTATE SPEC OPPOR FUND LP   /      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $7279728.69   | 2.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nebari Cayman SPC ONSHORE   /                 | Nebari Cayman SPC ONSHORE   /                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $1755548.83   | 0.70%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nebari Cayman SPC OFFSHORE   /                | Nebari Cayman SPC OFFSHORE   /                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $1165533.51   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 1543 Oceania Credit Opportunities Fund   /    | 1543 Oceania Credit Opportunities Fund   /    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $15613931.72  | 6.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MURAL PARK LOAN PARTICIPATION   /             | MURAL PARK LOAN PARTICIPATION   /             | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $5475338.27   | 2.17%             | 2027-03-21      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Pier Special OpportunitiesFund LP   /         | Pier Special OpportunitiesFund LP   /         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $13941178.04  | 5.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ROCADE CAPITAL FUND IV LP   /                 | ROCADE CAPITAL FUND IV LP   /                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $19160386.90  | 7.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ROYERSFORD ALCOVA ORIGINATION   /             | ROYERSFORD ALCOVA ORIGINATION   /             | CUSIP: 999999999<br>LEI: N/A | Long             | LON              | CORP              | US        |         1 | PA      | $2932443.77   | 1.16%             | 2026-03-23      | None          | 0.00%                 | Yes           | 3                  | On Loan: No      |
| Rivonia Road Fund LP    /                     | Rivonia Road Fund LP    /                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         1 | OU      | $15499193.16  | 6.14%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-02-04

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

**Signature:** /s/ Rafi Labourdette

**Name of Signer:** Rafi Labourdette

**Title:** Chief Financial Officer