# EDGAR Filing Document

**Accession Number:** 0001628040
**File Stem:** 0001049169-25-000995
**Filing Date:** 2025-11
**Character Count:** 52437
**Document Hash:** ab9689a981be06203db6958090dbd074
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000995.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001049169-25-000995

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alternative Credit Income Fund
- **CENTRAL INDEX KEY:** 0001628040

**ORGANIZATION NAME:**
- **EIN:** 472522233
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23016
- **FILM NUMBER:** 251535271

**BUSINESS ADDRESS:**
- **STREET 1:** C/O SIERRA CREST INVESTMENT MANAGEMENT L
- **STREET 2:** 650 MADISON AVENUE, 23RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-891-2880

**MAIL ADDRESS:**
- **STREET 1:** 650 MADISON AVENUE
- **STREET 2:** 23RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Resource Credit Income Fund
- **DATE OF NAME CHANGE:** 20141215

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23016

- **c. CIK number of Registrant:** 0001628040

- **d. LEI of Registrant:** 5493009OLK7YNEV7J460

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

  - **Street Address 1:** 650 MADISON AVENUE 3RD FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 2128912880

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

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

- **c. LEI of Series:** 5493009OLK7YNEV7J460

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

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

- **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:** $211635851.31

**Total Liabilities:** $17109814.86

**Net Assets:** $194526036.45

**Delayed Delivery Securities:** $8271353.24

**Cash Not Reported:** $700203.90

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 0.00000000 | **1-Year:** 896.05666500 | **5-Year:** 2091.96663100 | **10-Year:** 63.50437600 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.54%                | 0.86%                | -0.26%               |
| Class ID N/A | 0.54%                | 0.86%                | -0.20%               |
| Class ID N/A | 0.54%                | 0.86%                | -0.26%               |
| Class ID N/A | 0.53%                | 0.74%                | -0.32%               |
| Class ID N/A | 0.54%                | 0.75%                | -0.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $477930.21               | $-537301.51                                |
| Month 2  | $-514.29                 | $1534.85                                   |
| Month 3  | $-1600367.59             | $-416028.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A                                    | Colonnade Intermediate, LLC, Delayed Draw Term Loan                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1698897 | PA      | $1178864.84   | 0.61%             | 2026-09-30      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | JoAnn Inc.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1570371 | NS      | $0.02         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | Colonnade Intermediate, LLC, First Lien Term Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1600434 | PA      | $1110541.35   | 0.57%             | 2026-09-30      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| Incora Top Holdco Llc                  | Incora Top Holdco LLC                                                              | CUSIP: 45338U101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5350 | NS      | $93625.00     | 0.05%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | TA/WEG Holdings, LLC, Revolver                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-226.00      | -0.00%            | 2028-10-02      | Floating      | 8.79%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Middle West Spirits Holdings, LLC, Revolver                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-10333.00    | -0.01%            | 2030-04-23      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| Accurate Background, LLC               | Accurate Background, LLC, First Lien Term Loan                                     | CUSIP: 00444BAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2878173 | PA      | $2878172.58   | 1.48%             | 2029-03-26      | Floating      | 10.26%                | No            | 3                  | On Loan: No      |
| N/A                                    | CEC Entertainment, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     79564 | NS      | $1034332.00   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                    | Lucky Bucks Holdings LLC, Subordinated Note                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10013460 | PA      | $1938605.79   | 1.00%             | 2028-05-29      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Dun & Bradstreet Holdings, Inc., Revolver                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-1697.00     | -0.00%            | 2032-05-21      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | AIP Capital, LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        30 | NS      | $12367.71     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | Princeton Medspa Partners, LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    291654 | NS      | $202962.00    | 0.10%             | 2049-12-31      | Fixed         | 12.50%                | No            | 3                  | On Loan: No      |
| Tralee CLO Ltd                         | Tralee CLO II, Ltd., Class FR                                                      | CUSIP: 89289UBA5<br>LEI: 549300KVMYUNBMVPNK19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $139.00       | 0.00%             | 2029-07-20      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| N/A                                    | PMP OPCO, LLC, First Lien Term Loan                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1123242 | PA      | $1067080.08   | 0.55%             | 2029-05-31      | Floating      | 12.70%                | No            | 3                  | On Loan: No      |
| N/A                                    | CEC Entertainment, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |    237941 | NS      | $13086.76     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                    | CVC European Mid-Market Solutions Fund                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  14505605 | NS      | $990254.00    | 0.51%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                    | Next Flight Ventures, First Lien Term Loan                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4911188 | PA      | $4728000.76   | 2.43%             | 2025-12-26      | Floating      | 14.25%                | No            | 3                  | On Loan: No      |
| Octagon Investments Partners 36, Ltd.  | Octagon Investment Partners 36, Ltd.                                               | CUSIP: 67591QAC0<br>LEI: 549300S890TBOLY1D042 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $652576.00    | 0.34%             | 2031-04-15      | Floating      | 12.33%                | No            | 2                  | On Loan: No      |
| Canyon Capital CLO Ltd                 | Canyon Capital CLO 2014-1, Ltd.                                                    | CUSIP: 13875JAJ2<br>LEI: 549300W778MFSPI8C872 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $595504.00    | 0.31%             | 2031-01-30      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| N/A                                    | SouthStreet Securities Holdings, Inc., Warrants                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |      3400 | NC      | $460972.00    | 0.24%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | VBC Spine Opco LLC (DxTx Pain and Spine LLC), Delayed Draw Term Loan               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1091559 | PA      | $1091558.86   | 0.56%             | 2028-06-14      | Floating      | 10.77%                | No            | 3                  | On Loan: No      |
| N/A                                    | Phoenix Aviation Capital LLC, Common Stock                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         1 | NS      | $129677.35    | 0.07%             |  |  |  | No            | 3                  | On Loan: No      |
| Upstream Rehabilitation, Inc.          | Upstream Rehabilitation, Inc., Second Lien Term Loan                               | CUSIP: 91678HAE2<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |   7500000 | PA      | $4781250.00   | 2.46%             | 2027-11-22      | Floating      | 12.91%                | No            | 3                  | On Loan: No      |
| N/A                                    | Franklin BSP Capital Corporation                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     60385 | NS      | $833060.69    | 0.43%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                    | VBC Spine Opco LLC (DxTx Pain and Spine LLC), First Lien Term Loan                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1880619 | PA      | $1880618.65   | 0.97%             | 2028-06-14      | Floating      | 10.84%                | No            | 3                  | On Loan: No      |
| Diamanti                               | Diamanti, Inc., Subordinated Note                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4585503 | NC      | $4640070.89   | 2.39%             | 2025-02-28      | Fixed         | 15.00%                | No            | 3                  | On Loan: No      |
| Jmp Credit Advisors Clo Ltd            | JMP Credit Advisors CLO V, Ltd.                                                    | CUSIP: 466271AD5<br>LEI: 2549000IZRZZJ8TS9W23 | Long             | ABS-CBDO         | CORP              | US        |   4486426 | PA      | $220732.15    | 0.11%             | 2030-07-17      | Variable      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Money Transfer Acquisition Inc., First Lien Term Loan                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5926255 | PA      | $5881808.00   | 3.02%             | 2027-12-14      | Floating      | 12.51%                | No            | 3                  | On Loan: No      |
| Bcp Investment Corp                    | BCP Investment Corp.                                                               | CUSIP: 73688F201<br>LEI: 254900YM5BVQKA01I468 | Long             | EC               | RF                | US        |     31482 | NS      | $362987.46    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Copper Property Ctl Pass Through Trust | Copper Property CTL Pass Through Trust                                             | CUSIP: 217519107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    319520 | NS      | $3965243.20   | 2.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Cion Investment Corp                   | CION Investment Corp.                                                              | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | RF                | US        |    120800 | NS      | $1145184.00   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Florida Food Products LLC              | Florida Food Products LLC, Second Lien Term Loan                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5652174 | PA      | $3662043.48   | 1.88%             | 2029-10-08      | Floating      | 12.56%                | No            | 3                  | On Loan: No      |
| N/A                                    | Newbury Franklin Industrials, LLC, Delayed Draw Term Loan                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    453947 | PA      | $441760.00    | 0.23%             | 2029-12-11      | Floating      | 10.97%                | No            | 3                  | On Loan: No      |
| N/A                                    | DxTx Pain and Spine LLC, Common Units                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     98854 | NS      | $164097.66    | 0.08%             |  |  |  | No            | 3                  | On Loan: No      |
| American Academy Holdings              | American Academy Holdings, LLC, Second Lien Term Loan                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4715712 | PA      | $4621397.58   | 2.38%             | 2028-03-01      | Fixed         | 14.50%                | No            | 3                  | On Loan: No      |
| BrightPet                              | BrightPet, Revolver                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    518811 | PA      | $504906.76    | 0.26%             | 2028-01-04      | Floating      | 11.46%                | No            | 3                  | On Loan: No      |
| N/A                                    | Phoenix Finance, Inc., Second Lien Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1589927 | PA      | $1443518.88   | 0.74%             | 2028-08-14      | Floating      | 11.65%                | No            | 3                  | On Loan: No      |
| Spanish Broadcasting Sys               | Spanish Broadcasting System, Inc.                                                  | CUSIP: 846425AQ9<br>LEI: 5493005DKYB1X4C9LH64 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1987500.00   | 1.02%             | 2026-03-01      | Fixed         | 9.75%                 | No            | 2                  | On Loan: No      |
| N/A                                    | Phoenix Aviation Capital LLC, Preferred                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    446908 | NS      | $395513.44    | 0.20%             | 2049-12-31      | Fixed         | 7.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Ivanti Security Holdings LLC, NewCo First Lien Term Loan                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    296060 | PA      | $305127.24    | 0.16%             | 2029-06-01      | Floating      | 10.05%                | No            | 3                  | On Loan: No      |
| N/A                                    | BlackRock Global Credit Opportunities Fund, LP                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  31423660 | NS      | $6695031.00   | 3.44%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MOUNT LOGAN FUNDING 2018-1 LP          | Mount Logan Funding 2018-1 LP                                                      | CUSIP: 62188AAC5<br>LEI: 54930018JSRPYZJUUR90 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $1825500.00   | 0.94%             | 2033-01-22      | Variable      | 22.14%                | No            | 3                  | On Loan: No      |
| N/A                                    | Great Lakes Funding II LLC, Series B                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    339136 | NS      | $323196.15    | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                    | TA/WEG Holdings, LLC, Delayed Draw Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $1994000.00   | 1.03%             | 2028-10-02      | Floating      | 8.79%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Kofax, Inc., Second Lien Term Loan                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4000000 | PA      | $3620000.00   | 1.86%             | 2030-07-20      | Floating      | 12.06%                | No            | 3                  | On Loan: No      |
| N/A                                    | Middle West Spirits Holdings, LLC, Preferred                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    458726 | NS      | $473313.52    | 0.24%             | 2049-12-31      | Fixed         | 10.00%                | No            | 3                  | On Loan: No      |
| Diamanti                               | Diamanti, Inc., Class A                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |    146413 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | VTX Intermediate Holdings, Inc., First Lien Term Loan                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1153300 | PA      | $1138884.20   | 0.59%             | 2029-12-12      | Floating      | 12.30%                | No            | 3                  | On Loan: No      |
| N/A                                    | Middle West Spirits Holdings, LLC, First Lien Term Loan                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1895833 | PA      | $1860096.86   | 0.96%             | 2030-04-23      | Floating      | 10.57%                | No            | 3                  | On Loan: No      |
| N/A                                    | Princeton Medspa Partners, LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         0 | NC      | $7029.39      | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Riddell Inc                            | Riddell Inc., First Lien Term Loan                                                 | CUSIP: 76566PAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3429578 | PA      | $3415544.00   | 1.76%             | 2029-03-29      | Floating      | 10.15%                | No            | 3                  | On Loan: No      |
| N/A                                    | BetaNXT, Inc., First Lien Term Loan                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2032033 | PA      | $1997081.99   | 1.03%             | 2029-07-01      | Floating      | 9.75%                 | No            | 3                  | On Loan: No      |
| N/A                                    | VTX Intermediate Holdings, Inc., Second Lien Term Loan                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1987275 | PA      | $1917720.26   | 0.99%             | 2030-12-12      | Fixed         | 12.50%                | No            | 3                  | On Loan: No      |
| N/A                                    | Hunter Point Capital Structured Notes Issuer, LLC, Subordinated Delayed Draw Notes | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3216416 | PA      | $4637429.09   | 2.38%             | 2052-07-15      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Phoenix Finance, Inc., First Lien Term Loan                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    887275 | PA      | $862493.97    | 0.44%             | 2028-08-14      | Floating      | 13.00%                | No            | 3                  | On Loan: No      |
| N/A                                    | Aperture Dodge 18 LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2057840 | NS      | $1247186.98   | 0.64%             |  |  |  | No            | 3                  | On Loan: No      |
| Epic Staffing                          | Epic Staffing Group, First Lien Term Loan                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1944185 | PA      | $1776596.44   | 0.91%             | 2029-06-28      | Floating      | 10.29%                | No            | 3                  | On Loan: No      |
| N/A                                    | US BANK MMDA - USBGFS 9                                                            | CUSIP: 8AMMF0JA0<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5240353 | NS      | $5240353.00   | 2.69%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                    | Monroe Capital Private Credit Fund III LP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   8646147 | NS      | $4081258.00   | 2.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                    | Pelham S2K SBIC II, L.P.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    512671 | NS      | $518696.42    | 0.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                    | Ivanti Software, Inc., Second Lien Initial Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4040000 | PA      | $1881125.00   | 0.97%             | 2029-06-01      | Floating      | 11.81%                | No            | 3                  | On Loan: No      |
| Ancile Solutions, Inc.                 | Ancile Solutions, Inc., First Lien Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3298146 | PA      | $3364109.14   | 1.73%             | 2026-06-11      | Floating      | 14.28%                | No            | 3                  | On Loan: No      |
| N/A                                    | Cooper OH Originations, LLC Common Units                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     40000 | NS      | $4000000.00   | 2.06%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | EJF Financial Debt Strategies Fund LP                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    750000 | NS      | $796159.50    | 0.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GreenPark Infrastructure               | GreenPark Infrastructure, LLC Series M-1                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2565 | NS      | $878444.00    | 0.45%             |  |  |  | No            | 3                  | On Loan: No      |
| Opportunistic Credit Interval Fund     | Opportunistic Credit Interval Fund                                                 | CUSIP: 68390R105<br>LEI: 549300NJWLK76QJGNF34 | Long             | EC               | RF                | US        |    362837 | NS      | $4219790.76   | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                    | DeltaDx Limited, LP - Barri/Dolex                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    358369 | PA      | $353889.16    | 0.18%             | 2028-06-14      | Fixed         | 15.00%                | No            | 3                  | On Loan: No      |
| N/A                                    | Colonnade Intermediate, LLC, First Lien Term Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    177138 | PA      | $122916.03    | 0.06%             | 2026-09-30      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| Riddell Inc                            | Riddell Inc., Delayed Draw Term Loan                                               | CUSIP: 76566PAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2029-03-29      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| Ejf Crt 2024-r1 Llc                    | EJF CRT 2024-R1 LLC                                                                | CUSIP: 282930AA4<br>LEI: 254900Q5DC1FD685WY23 | Long             | ABS-MBS          | CORP              | US        |   1990791 | PA      | $1990790.97   | 1.02%             | 2055-12-17      | Floating      | 11.86%                | No            | 3                  | On Loan: No      |
| N/A                                    | PhyNet Dermatology LLC, Delayed Draw Term Loan                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-5172.00     | -0.00%            | 2029-10-20      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Phillips Feed Service, Inc., First Lien Term Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5250000 | PA      | $4633125.00   | 2.38%             | 2026-12-31      | Floating      | 11.26%                | No            | 3                  | On Loan: No      |
| Vortex Opco Llc                        | VORTEX OPCO, LLC, First Lien Term Loan (First Out)                                 | CUSIP: G9158TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    720000 | PA      | $726840.00    | 0.37%             | 2030-04-30      | Floating      | 10.25%                | No            | 3                  | On Loan: No      |
| Arrow Purchaser Inc.                   | Arrow Purchaser, Inc., First Lien Initial Term Loan                                | CUSIP: 00160KAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2000000.05   | 1.03%             | 2026-04-15      | Floating      | 11.01%                | No            | 3                  | On Loan: No      |
| Monitronics International Incorporated | Monitronics - Escrow                                                               | CUSIP: 609ESCAB4<br>LEI: SCAKOG18M6QWWML8YF46 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $0.00         | 0.00%             | 2049-12-31      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| DCert Buyer, Inc.                      | DCert Buyer, Inc. First Amendment Term Loan Refinancing, Second Lien Term Loan     | CUSIP: N/A<br>LEI: 549300EF826JEEUCHZ67       | Long             | LON              | CORP              | US        |   3600000 | PA      | $3285000.00   | 1.69%             | 2029-02-16      | Floating      | 11.16%                | No            | 3                  | On Loan: No      |
| Jmp Credit Advisors Clo Ltd            | JMP Credit Advisors CLO IV, Ltd.                                                   | CUSIP: 46647XAD1<br>LEI: 54930013XSXE4PJVBQ28 | Long             | ABS-CBDO         | CORP              | US        |   4836540 | PA      | $159605.82    | 0.08%             | 2029-07-17      | Variable      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Tree Line Credit Strategies LP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  19090685 | NS      | $18684435.00  | 9.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                    | GSO Credit Alpha Fund II LP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  16807290 | NS      | $1534943.00   | 0.79%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                                    | PMA Parent Holdings LLC, Term Loan                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2742918 | PA      | $2715489.19   | 1.40%             | 2031-01-31      | Floating      | 8.75%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Metrc Inc. Term Loan                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    295714 | PA      | $295714.29    | 0.15%             | 2031-09-30      | Floating      | 9.50%                 | No            | 3                  | On Loan: No      |
| N/A                                    | SouthStreet Securities Holdings, Inc., First Lien Term Loan                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2700000 | PA      | $2453760.00   | 1.26%             | 2027-09-20      | Fixed         | 9.00%                 | No            | 3                  | On Loan: No      |
| Saranac CLO LTD                        | Saranac CLO VII, Ltd.                                                              | CUSIP: 80316QAA1<br>LEI: 5493000RC2FP2JRHW627 | Long             | ABS-CBDO         | CORP              | JE        |    508648 | PA      | $65222.45     | 0.03%             | 2029-11-20      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| N/A                                    | Newbury Franklin Industrials, LLC, First Lien Term Loan                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3983059 | PA      | $3906982.79   | 2.01%             | 2029-12-11      | Floating      | 10.86%                | No            | 3                  | On Loan: No      |
| N/A                                    | Next Flight Ventures, Delayed Draw Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1067067 | PA      | $1019985.00   | 0.52%             | 2025-12-26      | Floating      | 14.37%                | No            | 3                  | On Loan: No      |
| Project Castle Inc                     | Material Handling Systems, Inc., First Lien Term Loan                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1872783 | PA      | $1558155.36   | 0.80%             | 2029-06-08      | Floating      | 9.72%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Marvel APS, Delayed Draw Term Loan                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   3627359 | PA      | $4834065.75   | 2.49%             | 2027-12-21      | Fixed         | 10.00%                | No            | 3                  | On Loan: No      |
| N/A                                    | PMA Parent Holdings LLC, Revolver                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-2501.00     | -0.00%            | 2031-01-31      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| GreenPark Infrastructure               | GreenPark Infrastructure, LLC Series A                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |       400 | NS      | $200000.00    | 0.10%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | PMP OPCO, LLC, Delayed Draw Term Loan                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-20813.00    | -0.01%            | 2029-05-31      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | Princeton Medspa Partners, LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    250000 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | PMP OPCO, LLC, Revolver                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         0 | PA      | $-7031.00     | -0.00%            | 2029-05-31      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| Spectrio                               | Spectrio, First Lien Term Loan                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2830556 | PA      | $2540423.83   | 1.31%             | 2026-12-09      | Floating      | 10.20%                | No            | 3                  | On Loan: No      |
| BrightPet                              | BrightPet, First Lien Term Loan                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1906281 | PA      | $1855192.92   | 0.95%             | 2028-01-04      | Floating      | 11.46%                | No            | 3                  | On Loan: No      |
| N/A                                    | Cor Leonis Limited, Revolver                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2807862 | PA      | $2807862.00   | 1.44%             | 2028-05-15      | Floating      | 11.25%                | No            | 3                  | On Loan: No      |
| Vortex Opco Llc                        | Vortex Opco, LLC                                                                   | CUSIP: 92905YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3135000 | PA      | $321337.50    | 0.17%             | 2030-04-30      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| N/A                                    | White Oak Equipment Finance 1, LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |    876369 | PA      | $876368.51    | 0.45%             | 2027-01-01      | Fixed         | 10.75%                | No            | 3                  | On Loan: No      |
| Vortex Opco Llc                        | VORTEX OPCO, LLC, First Lien Term Loan (Second Out)                                | CUSIP: G9158TAD2<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1575926 | PA      | $370342.53    | 0.19%             | 2028-12-15      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | EBSC Holdings LLC, Preferred                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   1159538 | NS      | $1316075.89   | 0.68%             | 2029-03-29      | Fixed         | 10.00%                | No            | 3                  | On Loan: No      |
| N/A                                    | VBC Spine Opco LLC (DxTx Pain and Spine LLC), Revolver                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    403226 | PA      | $403225.52    | 0.21%             | 2028-06-14      | Floating      | 10.82%                | No            | 3                  | On Loan: No      |
| American Academy Holdings              | American Academy Holdings. Inc., Common Units                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         0 | NS      | $273609.39    | 0.14%             |  |  |  | No            | 3                  | On Loan: No      |
| Needle Holdings Llc                    | Needle Holdings LLC, First Lien Term Loan                                          | CUSIP: 63988HAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    494551 | PA      | $131056.00    | 0.07%             | 2027-06-22      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                    | American Academy Holdings, LLC, Delayed Draw Term Loan                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    415207 | PA      | $439081.90    | 0.23%             | 2027-06-30      | Floating      | 14.01%                | No            | 3                  | On Loan: No      |
| N/A                                    | Next Flight Ventures                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        88 | NS      | $63766.07     | 0.03%             |  |  |  | No            | 3                  | On Loan: No      |
| Mount Logan Funding Lp                 | Mount Logan Funding 2018-1 LP                                                      | CUSIP: 62188AAC5<br>LEI: 54930018JSRPYZJUUR90 | Long             | ABS-CBDO         | CORP              | KY        |   4798575 | PA      | $2919932.89   | 1.50%             | 2033-01-22      | Variable      | 22.14%                | No            | 3                  | On Loan: No      |
| Penn Foster                            | Pennfoster                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   6106591 | NS      | $6106591.24   | 3.14%             | 2049-12-31      | Fixed         | 14.89%                | No            | 3                  | On Loan: No      |
| WhiteHorse Finance Inc                 | WhiteHorse Finance, Inc.                                                           | CUSIP: 96524V106<br>LEI: 5493006LP9COIV2ZIB05 | Long             | EC               | RF                | US        |    107328 | NS      | $742709.76    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                    | VTX Holdings, LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    932474 | NS      | $8324.45      | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | American Academy Holdings, LLC, First Lien Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2102411 | PA      | $2223299.52   | 1.14%             | 2027-06-30      | Floating      | 14.01%                | No            | 3                  | On Loan: No      |
| N/A                                    | Spectrio, Delayed Draw Term Loan                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1180667 | PA      | $1059648.68   | 0.54%             | 2026-12-09      | Floating      | 10.20%                | No            | 3                  | On Loan: No      |
| Vision Solutions Inc.                  | Precisely Software Incorporated, Second Lien Term Loan                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3000000 | PA      | $2884380.00   | 1.48%             | 2029-04-23      | Floating      | 11.82%                | No            | 3                  | On Loan: No      |
| Tralee CLO Ltd                         | Tralee CLO II, Ltd., Class ER                                                      | CUSIP: 89289UAY4<br>LEI: 549300KVMYUNBMVPNK19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $677601.00    | 0.35%             | 2029-07-20      | Floating      | 12.44%                | No            | 2                  | On Loan: No      |
| N/A                                    | Accurate Background, LLC, First Lien Term Loan                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1455000 | PA      | $1455000.01   | 0.75%             | 2029-03-26      | Floating      | 10.26%                | No            | 3                  | On Loan: No      |
| N/A                                    | Dun & Bradstreet Holdings, Inc., First Lien Term Loan                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1696690 | PA      | $1679722.72   | 0.86%             | 2032-05-21      | Floating      | 9.67%                 | No            | 3                  | On Loan: No      |
| American Academy Holdings              | American Academy Holdings. Inc., Preferred Units                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     90970 | NS      | $170791.04    | 0.09%             | 2049-12-31      | Fixed         | 18.00%                | No            | 3                  | On Loan: No      |
| N/A                                    | NFV Co-Pilot, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       441 | NS      | $20755.21     | 0.01%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | PocketWatch, Inc., First Lien Term Loan                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1708063 | PA      | $1708063.31   | 0.88%             | 2027-07-15      | Fixed         | 14.99%                | No            | 3                  | On Loan: No      |
| N/A                                    | Middle West Spirits Holdings, LLC, Common Stock                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        45 | NS      | $29260.00     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                    | PhyNet Dermatology LLC, First Lien Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1926293 | PA      | $1887767.01   | 0.97%             | 2029-10-20      | Floating      | 10.83%                | No            | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

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

**Signature:** Brandon Satoren

**Name of Signer:** Brandon Satoren

**Title:** Chief Financial Officer