# EDGAR Filing Document

**Accession Number:** 0001867714
**File Stem:** 0001193125-25-301277
**Filing Date:** 2025-11
**Character Count:** 25355
**Document Hash:** 77fb3941bc0fa914ccbca0d9c11474e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301277.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301277

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Monachil Credit Income Fund
- **CENTRAL INDEX KEY:** 0001867714

**ORGANIZATION NAME:**
- **EIN:** 871078171
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23709
- **FILM NUMBER:** 251532472

**BUSINESS ADDRESS:**
- **STREET 1:** ONE SOUND SHORE DRIVE
- **STREET 2:** SUITE 303
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 212-393-4123

**MAIL ADDRESS:**
- **STREET 1:** ONE SOUND SHORE DRIVE
- **STREET 2:** SUITE 303
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Nport-Ex

**Monachil Credit Income Fund**

**Consolidated Schedule of Investments (Unaudited)**

**As of September 30, 2025**

---

| | | |
|:---|:---|:---|
| Principal |  |  |
| Amount |  | Value |
|  | **ASSET-BACKED SECURITIES — 12.7%** |  |
|  | **COLLATERALIZED LOAN OBLIGATIONS — 8.0%** |  |
|  | Barrow Hanley CLO II, Ltd. |  |
| $250000 | &nbsp;&nbsp;&nbsp;Series 2023-2X, Class C, 7.825% (3-Month Term SOFR+350 basis points), 10/20/2035<sup>1,2</sup> | $250013 |
|  | CIFC-LBC Middle Market CLO LLC |  |
| 250000 | &nbsp;&nbsp;&nbsp;Series 2023-1I, Class C, 8.625% (3-Month Term SOFR+430 basis points), 10/20/2035<sup>1,2</sup> | 252379 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2023-1I, Class D, 10.825% (3-Month Term SOFR+650 basis points), 10/20/2035<sup>1,2</sup> | 503114 |
| 250000 | &nbsp;&nbsp;&nbsp;Series 2023-1I, Class E, 13.625% (3-Month Term SOFR+930 basis points), 10/20/2035<sup>1,2</sup> | 254482 |
|  | Man US CLO, Ltd. |  |
| 250000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class D, 10.175% (3-Month Term SOFR+585 basis points), 7/20/2035<sup>1,2,3</sup> | 251575 |
|  | New Mountain Guardian IV Rated |  |
| 180000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class A2, 8.726% (3-Month Term SOFR+450 basis points), 8/22/2036<sup>1,2,3,4</sup> | 180000 |
|  |  | **1691563** |
|  | **CONSUMER ABS — 4.0%** |  |
|  | Auxilior Term Funding LLC |  |
| 200000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class E, 10.970%, 12/15/2032<sup>1,3</sup> | 209957 |
|  | Carvana Auto Receivables Trust |  |
| 5 | &nbsp;&nbsp;&nbsp;Series 2024-P1, Class A2, 5.500%, 8/10/2027<sup>1,3</sup> | 5 |
| 1000 | &nbsp;&nbsp;&nbsp;Series 2023-P4, Class C, 6.550%, 12/10/2029<sup>1,3</sup> | 1060 |
| 1000 | &nbsp;&nbsp;&nbsp;Series 2024-P1, Class C, 5.570%, 7/10/2030<sup>1,3</sup> | 1031 |
| 1000 | &nbsp;&nbsp;&nbsp;Series 2024-P1, Class D, 6.250%, 3/10/2031<sup>1,3</sup> | 1035 |
|  | CP EF Asset Securitization II LLC |  |
| 100000 | &nbsp;&nbsp;&nbsp;Series 2023-1X, Class C, 7.560%, 3/15/2032<sup>1</sup> | 99562 |
|  | Foundation Finance Trust |  |
| 71810 | &nbsp;&nbsp;&nbsp;Series 2023-1X, Class D, 9.180%, 12/15/2043<sup>1</sup> | 76868 |
|  | GLS Auto Receivables Trust |  |
| 100000 | &nbsp;&nbsp;&nbsp;Series 2023-2X, Class D, 6.310%, 3/15/2029<sup>1</sup> | 102434 |
|  | Goodleap Sustainable Home Solutions Trust |  |
| 90191 | &nbsp;&nbsp;&nbsp;Series 2023-4CX, Class B, 7.970%, 3/20/2057<sup>1</sup> | 73567 |
|  | OneMain Financial Issuance Trust |  |
| 100000 | &nbsp;&nbsp;&nbsp;Series 2023-2X, Class D, 7.520%, 9/15/2036<sup>1</sup> | 103453 |
|  | Upstart Securitization Trust |  |
| 178022 | &nbsp;&nbsp;&nbsp;Series 2023-2X, Class B, 7.920%, 6/20/2033<sup>1</sup> | 179631 |
|  |  | **848603** |

---

**Monachil Credit Income Fund**

**Consolidated Schedule of Investments (Unaudited) - Continued**

**As of September 30, 2025**

---

| | | |
|:---|:---|:---|
| Principal |  |  |
| Amount |  | Value |
|  | **OTHER ABS — 0.7%** |  |
|  | Lunar Aircraft, Ltd. |  |
| $144478 | &nbsp;&nbsp;&nbsp;Series 2020-1A, Class A, 3.376%, 2/15/2045<sup>1,3</sup> | $**141723** |
|  | **TOTAL ASSET-BACKED SECURITIES** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,634,382) | **2681889** |
|  | **BANK LOANS — 68.8%** |  |
|  | **AIRLINES — 0.1%** |  |
|  | SkyMiles IP Ltd. |  |
| 29208 | &nbsp;&nbsp;&nbsp;8.558% (3-Month Term SOFR+375 basis points), 10/20/2027<sup>1,2</sup> | **29282** |
|  | **CONSUMER LOAN POOLS — 68.7%** |  |
|  | Capsource II Acquisition |  |
| 552057 | &nbsp;&nbsp;&nbsp;12.000%, 1/24/2035<sup>4</sup> | 552056 |
|  | Capsource Venture |  |
| 6263777 | &nbsp;&nbsp;&nbsp;12.170%, 3/21/2034<sup>4</sup> | 6687132 |
|  | Innovate Master Trust Series 2023-1 |  |
| 2240091 | &nbsp;&nbsp;&nbsp;17.749%, 11/7/2036<sup>4</sup> | 788689 |
|  | Stratus Financial LLC |  |
| 6534623 | &nbsp;&nbsp;&nbsp;12.568%, 8/6/2034<sup>4</sup> | 6534623 |
|  |  | **14562501** |
|  | **TOTAL BANK LOANS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $14,820,416) | **14591782** |

---

---

| | | |
|:---|:---|:---|
| Number |  |  |
| of Shares |  |  |
|  | **CLOSED-END FUNDS — 1.0%** |  |
| 10000 | Great Elm Capital Corp | 100200 |
| 10000 | MidCap Financial Investment Corp | 119900 |
|  | **TOTAL CLOSED-END FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $212,320) | **220100** |
|  | **COMMON STOCKS — 1.3%** |  |
|  | **INVESTMENT COMPANIES — 1.3%** |  |
| 8500 | BCP Investment Corp | 98005 |
| 10000 | CION Investment Corp. | 94800 |
| 5000 | FS KKR Capital Corp. | 74650 |
|  |  | **267455** |
|  | **TOTAL COMMON STOCKS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $283,700) | **267455** |

---

**Monachil Credit Income Fund**

**Consolidated Schedule of Investments (Unaudited) - Continued**

**As of September 30, 2025**

---

| | | |
|:---|:---|:---|
| Principal |  |  |
| Amount |  | Value |
|  | **CORPORATE BOND — 2.1%** |  |
|  | **INVESTMENT COMPANIES — 2.1%** |  |
|  | Prospect Capital Corp |  |
| $500000 | &nbsp;&nbsp;&nbsp;3.437%, 10/15/2028<sup>1</sup> | $**449435** |
|  | **TOTAL CORPORATE BOND** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $435,928) | **449435** |
|  | **U.S. TREASURY BILLS — 20.0%** |  |
|  | United States Treasury Bill |  |
| 700000 | &nbsp;&nbsp;&nbsp;4.224%, 10/14/2025 | 698979 |
| 150000 | &nbsp;&nbsp;&nbsp;4.240%, 10/30/2025 | 149512 |
| 700000 | &nbsp;&nbsp;&nbsp;4.077%, 11/18/2025 | 696279 |
| 780000 | &nbsp;&nbsp;&nbsp;3.988%, 12/4/2025 | 774599 |
| 200000 | &nbsp;&nbsp;&nbsp;4.052%, 12/9/2025 | 198529 |
| 450000 | &nbsp;&nbsp;&nbsp;3.837%, 1/13/2026 | 445038 |
| 1300000 | &nbsp;&nbsp;&nbsp;3.836%, 1/20/2026 | 1284698 |
|  |  | **4247634** |
|  | **TOTAL U.S. TREASURY BILLS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,247,165) | **4247634** |
|  | **TOTAL INVESTMENTS — 105.9%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $22,633,911) | **22458295** |
|  | Liabilities in Excess of Other Assets — (5.9)%<sup>5</sup> | (1247645) |
|  | **TOTAL NET ASSETS — 100.0%** | $**21210650** |

---

LLC — Limited Liability Company

US — United States

<sup>1</sup>Callable.

<sup>2</sup>Floating rate security, upon which the interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

<sup>3</sup>Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $786,386, which represents 3.70% of the total net assets of the Fund.

<sup>4</sup>Level 3 securities fair valued under procedures establish by the Board of Trustees, represents 69.51% of Net Assets. The total value of these securities is $14,742,501.

<sup>5</sup>Includes Cash, Cash equivalents, Dividends and interest, and Total liabilities.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Expiration<br> Date** |<br>**Number of<br> Contracts** |<br>**Notional Value** | **Value at**<br>**September 30,<br> 2025** | **Unrealized**<br>**Appreciation<br> (Depreciation)** |
| **Index Futures** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Short Contracts** |  |  |  |  |  |
| CBOE IBOXX ISHARES | December 2, 2025 | (16) | $(2834397) | $(2847520) | $(13123) |
| **TOTAL FUTURES CONTRACTS** |  |  | $**(2834297)** | $**(2847520)** | $**(13123)** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Monachil Credit Income Fund

- **b. Investment Company Act file number:** 811-23709

- **c. CIK number of Registrant:** 0001867714

- **d. LEI of Registrant:** 549300TPFZI5PFVDH614

- **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:** 414-299-2270

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

- **a. Name of Series:** Monachil Credit Income Fund

- **c. LEI of Series:** 549300TPFZI5PFVDH614

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $23825375.56

**Total Liabilities:** $2355505.63

**Net Assets:** $21469869.93

**Cash Not Reported:** $842486.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 43.944339257083 | **1-Year:** 11.412926906787 | **5-Year:** 12.712585033850 | **10-Year:** 142.845605826296 | **30-Year:** 29.714331097983

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

- **3-Month:** 0.000000000000 | **1-Year:** 60.595229945798 | **5-Year:** 97.980170258100 | **10-Year:** 34.205874487969 | **30-Year:** 6.596167868133

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.32%                | 0.40%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $291.23                  | $7318.60                                   |
| Month 2  | $5275.90                 | $-6929.62                                  |
| Month 3  | $7735.42                 | $-81326.23                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Auxilior Term Funding LLC               | Auxilior Term Funding 2023-1 LLC                 | CUSIP: 05335JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $209957.40    | 0.98%             | 2032-12-15      | Fixed         | 10.97%                | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust          | Carvana Auto Receivables Trust 2023-P4           | CUSIP: 14687NAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1000 | PA      | $1060.31      | 0.00%             | 2029-12-10      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust          | Carvana Auto Receivables Trust 2024-P1           | CUSIP: 14688NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         5 | PA      | $4.92         | 0.00%             | 2027-08-10      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust          | Carvana Auto Receivables Trust 2024-P1           | CUSIP: 14688NAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1000 | PA      | $1030.47      | 0.00%             | 2030-07-10      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust          | Carvana Auto Receivables Trust 2024-P1           | CUSIP: 14688NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1000 | PA      | $1034.65      | 0.00%             | 2031-03-10      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CIFC-LBC Middle Market CLO LLC          | CIFC-LBC Middle Market CLO 2023-1 LLC            | CUSIP: 171937AH8<br>LEI: 635400LA3L2WL5YSI785 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $252379.45    | 1.18%             | 2035-10-20      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| CIFC-LBC Middle Market CLO LLC          | CIFC-LBC Middle Market CLO 2023-1 LLC            | CUSIP: 171937AK1<br>LEI: 635400LA3L2WL5YSI785 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $503114.05    | 2.34%             | 2035-10-20      | Floating      | 10.83%                | No            |                  2 | On Loan: No      |
| CIFC-LBC Middle Market CLO LLC          | CIFC-LBC Middle Market CLO 2023-1 LLC            | CUSIP: 171937AM7<br>LEI: 635400LA3L2WL5YSI785 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $254482.25    | 1.19%             | 2035-10-20      | Floating      | 13.63%                | No            |                  2 | On Loan: No      |
| LUNAR AIRCRAFT 2020-1 LIMITED           | LUNAR AIRCRAFT 2020-1 LTD                        | CUSIP: 55037LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144478 | PA      | $141723.57    | 0.66%             | 2045-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Man Glg Us Clo 2018-2 Ltd               | MAN U.S. CLO 2023-1 LTD                          | CUSIP: 56166RAG7<br>LEI: 254900N9T03W7ZI61W42 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $251574.63    | 1.17%             | 2035-07-20      | Floating      | 10.18%                | Yes           |                  2 | On Loan: No      |
| New Mountain Guardian IV Rated          | New Mountain Guardian IV Rated Feeder I Ltd      | CUSIP: 647558AC9<br>LEI: 254900B3U37FTIF31Z78 | Long             | ABS-CBDO         | CORP              | BM        |    180000 | PA      | $180000.00    | 0.84%             | 2036-08-22      | Floating      | 8.73%                 | Yes           |                  3 | On Loan: No      |
| PROSPECT CAPITAL CORP                   | Prospect Capital Corp                            | CUSIP: 74348TAW2<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $449435.00    | 2.09%             | 2028-10-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $149511.75    | 0.70%             | 2025-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    780000 | PA      | $774599.28    | 3.61%             | 2025-12-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797SG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1284697.70   | 5.98%             | 2026-01-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                | Foundation Finance Trust 2023-1                  | CUSIP: U34596AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71810 | PA      | $76868.24     | 0.36%             | 2043-12-15      | Fixed         | 9.18%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust              | GLS Auto Receivables Issuer Trust 2023-2         | CUSIP: U34106AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102433.70    | 0.48%             | 2029-03-15      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust            | Upstart Securitization Trust 2023-2              | CUSIP: U9158JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178022 | PA      | $179631.43    | 0.84%             | 2033-06-20      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru          | OneMain Financial Issuance Trust 2023-2          | CUSIP: U6837HAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103452.90    | 0.48%             | 2036-09-15      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| Barrow Hanley CLO LTD                   | Barrow Hanley CLO II Ltd                         | CUSIP: G08549AD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250012.50    | 1.16%             | 2035-10-20      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| CPF IV, LLC, CP EF ASSET SECUR          | CP EF Asset Securitization II LLC                | CUSIP: U22045AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99561.50     | 0.46%             | 2032-03-15      | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr          | Goodleap Sustainable Home Solutions Trust 2023-4 | CUSIP: U3829BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90190 | PA      | $73567.25     | 0.34%             | 2057-03-20      | Fixed         | 7.97%                 | No            |                  2 | On Loan: No      |
| BCP Investment Corp                     | BCP Investment Corp                              | CUSIP: 73688F201<br>LEI: 254900YM5BVQKA01I468 | Long             | EC               | CORP              | US        |      8500 | NS      | $98005.00     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYMILES IP LTD                         | SkyMiles IP Ltd                                  | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |     29208 | PA      | $29281.34     | 0.14%             | 2027-10-20      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Capsource II Acquisition   /            | Capsource II Acquisition   /                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    552057 | PA      | $552056.63    | 2.57%             | 2035-01-24      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Capsource Venture    /                  | Capsource Venture    /                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6263777 | PA      | $6687132.15   | 31.15%            | 2034-03-21      | Fixed         | 12.17%                | No            |                  3 | On Loan: No      |
| CION Investment Corp                    | CION Investment Corp                             | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |     10000 | NS      | $94800.00     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR Capital Corp                     | FS KKR Capital Corp                              | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |      5000 | NS      | $74650.00     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Elm Capital Corp                  | Great Elm Capital Corp                           | CUSIP: 390320703<br>LEI: 549300JTA9ODXNIVFC33 | Long             | EC               | CORP              | US        |     10000 | NS      | $100200.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE IBOXX ISHARES DEC 2025   /         | CBOE IBOXX ISHARES DEC 2025   /                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | DE               |  | US        |       -16 | NC      | $-13123.28    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATE MASTER TRUST SERIES 2023-1   / | INNOVATE MASTER TRUST SERIES 2023-1   /          | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2240091 | PA      | $788688.82    | 3.67%             | 2036-11-07      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| MidCap Financial Investment Co          | MidCap Financial Investment Corp                 | CUSIP: 03761U502<br>LEI: 5493005P14I7WFB3FW47 | Long             | EC               | CORP              | US        |     10000 | NS      | $119900.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATUS    /                            | STRATUS    /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6534623 | PA      | $6534622.78   | 30.44%            | 2034-08-06      | Fixed         | 12.57%                | No            |                  3 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $698979.40    | 3.26%             | 2025-10-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797RP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $696279.50    | 3.24%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797RW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $198528.80    | 0.92%             | 2025-12-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                           | United States Treasury Bill                      | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $445037.85    | 2.07%             | 2026-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-21

**Name of Applicant:** Monachil Credit Income Fund

**Signature:** /s/ Ali Meli

**Name of Signer:** Ali Meli

**Title:** President