# EDGAR Filing Document

**Accession Number:** 0001767074
**File Stem:** 0000910472-25-005232
**Filing Date:** 2025-12
**Character Count:** 57859
**Document Hash:** 157bfd1424e473cee4a1e48167e1311b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005232.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005232

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CIM Real Assets & Credit Fund
- **CENTRAL INDEX KEY:** 0001767074

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23425
- **FILM NUMBER:** 251537344

**BUSINESS ADDRESS:**
- **STREET 1:** 4700 WILSHIRE BOULEVARD
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90010
- **BUSINESS PHONE:** 323-860-4900

**MAIL ADDRESS:**
- **STREET 1:** 4700 WILSHIRE BOULEVARD
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90010

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** CIM Real Assets & Credit Fund

- **b. Investment Company Act file number:** 811-23425

- **c. CIK number of Registrant:** 0001767074

- **d. LEI of Registrant:** 5493000K400JV7T0XQ39

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

  - **Street Address 1:** 4700 Wilshire Boulevard

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90010

  - **Telephone number:** 323-860-7421

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

- **a. Name of Series:** CIM Real Assets & Credit Fund

- **c. LEI of Series:** 5493000K400JV7T0XQ39

**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:** $345097215.36

**Total Liabilities:** $80278476.77

**Net Assets:** $264818738.59

**Cash Not Reported:** $1737185.69

**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:** -34988.13611900 | **1-Year:** -6.25018500 | **5-Year:** -26634.83873100 | **10-Year:** 0.00000000 | **30-Year:** -7798.58146200

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.63%                | 0.48%                | 0.22%                |
| Class ID N/A | 0.59%                | 0.48%                | 0.21%                |
| Class ID N/A | 0.63%                | 0.43%                | 0.14%                |
| Class ID N/A | 0.59%                | 0.48%                | 0.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $42705.10                | $320218.86                                 |
| Month 2  | $42269.69                | $-200436.76                                |
| Month 3  | $-602826.19              | $-166468.63                                |

**Designated Index Information**

- **Index Name:** S&P US REIT 30%/CMBX.NA.BB 20%/LSTA United States Leveraged Loan 100 Index BB/B, 25%; CLO_US_3.0_B_Sector_N1600, 25%

- **Index Identifier:** Blended Designated Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Peaks clo 3 ltd/llc                                                         | Elevation CLO 2021-15, Ltd., Class SUB LL                       | CUSIP: 70469GAC5<br>LEI: 5493005VN5WX000OV470 | Long             | ABS-O            | CORP              | US        |     87734 | PA      | $47853.72     | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| LAQ 2023-LAQ MORTGAGE TRUST                                                 | LAQ 2023-LAQ Mortgage Trust, Class D CMBS                       | CUSIP: 516681AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2891609 | PA      | $2897850.94   | 1.09%             | 2036-03-15      | Floating      | 8.34%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | EPIC Dallas Indirect                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  13693975 | OU      | $12723950.67  | 4.80%             |  |  |  | No            | 3                  | On Loan: No      |
| BARINGS MIDDLE MARKET CLO LTD                                               | Barings Middle Market CLO, Ltd. 2021-I, Class D                 | CUSIP: 06761EAA3<br>LEI: 549300NSFWDKJE15UK02 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1016680.00   | 0.38%             | 2033-07-20      | Floating      | 13.24%                | Yes           | 2                  | On Loan: No      |
| TWO VA PROPERTIES INVESTORS DST                                             | TWO VA Repack Trust Class B-2, Series B2 .                      | CUSIP: 90214FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1811000 | PA      | $824445.07    | 0.31%             | 2033-11-15      | Fixed         | 0.00%                 | No            | 3                  | On Loan: No      |
| N/A                                                                         | One GI Intermediate LLC, Revolver Upsize                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    333333 | PA      | $312666.66    | 0.12%             | 2025-12-22      | Floating      | 11.17%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | 127 165 171 S. La Brea                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  11380384 | OU      | $14154540.85  | 5.34%             |  |  |  | No            | 3                  | On Loan: No      |
| DRYDEN 98 CLO LTD                                                           | Dryden 98 CLO, Ltd., Class SUB LL                               | CUSIP: 26248CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $2670068.50   | 1.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Baart Programs, Inc., Second Lien Term Loan                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1026443 | PA      | $775990.62    | 0.29%             | 2028-06-11      | Floating      | 13.08%                | No            | 3                  | On Loan: No      |
| Extended Stay America, Inc.                                                 | Extended Stay America Trust CMBS                                | CUSIP: 30227TAL4<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.38%             | 2042-10-15      | Variable      | 0.00%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | Avison Young Common Equity                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       199 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| BRTPT 2023-1A ER                                                            | BRTPT 2023-1A ER                                                | CUSIP: 104923AA5<br>LEI: 2549008BD5ZNAI1AAM17 | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2543903.00   | 0.96%             | 2038-07-26      | Floating      | 11.41%                | Yes           | 2                  | On Loan: No      |
| ONE NEW YORK PLAZA TRUST 2020-1NYP                                          | One New York Plaza Trust 2020-1NYP, Class B CMBS                | CUSIP: 68249DAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3710000 | PA      | $3631008.91   | 1.37%             | 2036-01-15      | Floating      | 5.98%                 | No            | 2                  | On Loan: No      |
| Gallatin CLO XI 2024-1 Ltd                                                  | Gallatin CLO XI 2024-1 Ltd                                      | CUSIP: 36362JAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3094933.50   | 1.17%             | 2037-10-20      | Floating      | 12.33%                | Yes           | 2                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -2257000 | PA      | $-2257000.00  | -0.85%            |  |  |  | No            | N/A                | On Loan: No      |
| VENTURE 45 CLO LTD                                                          | Venture 45 CLO, Ltd., Class E LL                                | CUSIP: 92326HAA4<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2446978.35   | 0.92%             | 2035-07-20      | Floating      | 12.03%                | Yes           | 2                  | On Loan: No      |
| STEELE CREEK CLO 2022-1 LTD                                                 | Steele Creek CLO 2022-1, Ltd., Class SUB .                      | CUSIP: 85816HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195336 | PA      | $157201.10    | 0.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | One GI Intermediate LLC, Tranche C DDTL                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    887792 | PA      | $832748.59    | 0.31%             | 2025-12-22      | Floating      | 11.17%                | Yes           | 3                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -2110000 | PA      | $-2110000.00  | -0.80%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                         | Naked Juice LLC - Third Out TL                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    280000 | PA      | $117133.80    | 0.04%             | 2030-01-24      | Floating      | 5.40%                 | No            | 3                  | On Loan: No      |
| N/A                                                                         | Boca Home Care Holdings, Inc. DDTL                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4122581 | PA      | $4122580.62   | 1.56%             | 2027-02-25      | Floating      | 11.03%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Del Mar Terrace - Phoenix, AZ Indirect                          | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  21752498 | OU      | $10583295.07  | 4.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | Naked Juice LLC - Second Out TL                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     69825 | PA      | $52892.44     | 0.02%             | 2029-01-24      | Floating      | 7.65%                 | No            | 2                  | On Loan: No      |
| WMRK COMMERCIAL MORTGAGE TRUST 2022-WMRK                                    | WMRK Commercial Mortgage Trust 2022-WMRK, Class E CMBS          | CUSIP: 929342AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $7533727.50   | 2.84%             | 2035-11-15      | Floating      | 9.83%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | Medrina, LLC - Revolver                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    212766 | PA      | $212765.96    | 0.08%             | 2029-10-20      | Floating      | 0.50%                 | Yes           | 3                  | On Loan: No      |
| First American Funds Inc.                                                   | First American Funds Treasury Obligations                       | CUSIP: 31846V542<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4769959 | PA      | $4769958.60   | 1.80%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                         | Honor HN Buyer, Inc. Term Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1104480 | PA      | $1104479.85   | 0.42%             | 2027-10-15      | Floating      | 10.23%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | CIM REAL ASSETS & CREDIT FUND SPV .                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | US        |     17148 | NS      | $22636823.57  | 8.55%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                         | CVAUSA Management, LLC, Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3659707 | PA      | $3696304.52   | 1.40%             | 2029-05-22      | Floating      | 9.57%                 | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Boca Home Care Holdings Revolver                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    580645 | PA      | $580645.16    | 0.22%             | 2027-02-25      | Floating      | 11.07%                | Yes           | 3                  | On Loan: No      |
| Atlas Senior Loan Fund XX Ltd                                               | Atlas Senior Loan Fund XX Ltd                                   | CUSIP: 04943KAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3049736.10   | 1.15%             | 2037-10-19      | Floating      | 12.43%                | Yes           | 2                  | On Loan: No      |
| ATLAS SENIOR LOAN FUND XXIII LTD                                            | Atlas Senior Loan Fund XXIII Ltd.                               | CUSIP: 04942RAA1<br>LEI: 213800M7WM9TKCR3TF76 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2019424.20   | 0.76%             | 2037-07-20      | Floating      | 11.46%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | Apex Credit CLO 2025-I                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   5500000 | PA      | $5500000.00   | 2.08%             | 2026-10-21      | None          | 15.50%                | Yes           | 3                  | On Loan: No      |
| CAMPUS DRIVE FLORHAM PARK NJ                                                | Campus Drive Secured Lease-Backed Pass-Through Trust, Series C  | CUSIP: 13467UAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4181539 | PA      | $2677544.19   | 1.01%             | 2058-06-15      | Fixed         | 6.91%                 | No            | 3                  | On Loan: No      |
| RideNow Group, Inc.                                                         | RideNow Group, Inc., Tenth Amendment DDTL                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    301842 | PA      | $285542.39    | 0.11%             | 2027-09-30      | Floating      | 13.06%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | RideNow Group, Inc. WARRANT TO PURCHASE CLASS B COMMON STOCK    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |      7576 | NS      | $11962.93     | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| BX TRUST 2025-OMG                                                           | BX Trust CMBS                                                   | CUSIP: 05619HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3860000 | PA      | $3860000.00   | 1.46%             | 2042-10-15      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | 4707 W Jefferson Blvd Indirect                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |   4638811 | OU      | $3315050.10   | 1.25%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | Avison Young Preferred Equity                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    288507 | PA      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | Kreg LLC, Term Loan                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2124258 | PA      | $2049908.69   | 0.77%             | 2026-12-20      | Floating      | 11.20%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | CGA Holdings, Inc., Class A Common Stock                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    155086 | NS      | $163190.33    | 0.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Birch Grove Clo Ltd/Llc                                                     | Birch Grove CLO Ltd                                             | CUSIP: 09075QAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1980000.00   | 0.75%             | 2037-07-17      | Floating      | 11.26%                | Yes           | 2                  | On Loan: No      |
| STEELE CREEK CLO 2022-1 LTD                                                 | Steele Creek CLO 2022-1, Ltd., Class SUB LL                     | CUSIP: 85816HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6339779 | PA      | $2069100.99   | 0.78%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | CVAUSA Management, LLC, Revolver, TL                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    285714 | PA      | $285714.29    | 0.11%             | 2028-05-22      | Floating      | 0.50%                 | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Marble Point CLO XXI, Ltd., Class INC LL                        | CUSIP: 56606PAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $919143.50    | 0.35%             |  |  |  | Yes           | 3                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                       | Wells Fargo Commercial Mortgage Trust 2021-FCMT Class F         | CUSIP: 95003EAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $974223.00    | 0.37%             | 2031-05-15      | Floating      | 10.38%                | No            | 2                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |   -802000 | PA      | $-802000.00   | -0.30%            |  |  |  | No            | N/A                | On Loan: No      |
| Trinitas CLO Ltd.                                                           | Trinitas CLO VIII, Ltd., Class SUB LL                           | CUSIP: 89641FAC8<br>LEI: 5493000JXST1RIX07H55 | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $208738.80    | 0.08%             |  |  |  | Yes           | 3                  | On Loan: No      |
| WCORE Commercial Mortgage Trust 2024-CORE                                   | WCORE Commercial Mortgage Trust 2024-CORE                       | CUSIP: 951913AJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3993326.40   | 1.51%             | 2041-11-15      | Floating      | 8.09%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | Society Las Olas 301 - S 1st Avenue Holdings LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5151984 | PA      | $5149810.20   | 1.94%             | 2025-10-07      | Floating      | 11.05%                | Yes           | 3                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -5302000 | PA      | $-5302000.00  | -2.00%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                         | Medrina, LLC - TL                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1463298 | PA      | $1463297.90   | 0.55%             | 2029-10-20      | Floating      | 10.13%                | Yes           | 3                  | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                                        | Extended Stay America Trust 2021-ESH, Class F CMBS              | CUSIP: 30227FAN0<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-MBS          | CORP              | US        |   8324104 | PA      | $8329105.97   | 3.15%             | 2038-07-15      | Floating      | 7.96%                 | No            | 2                  | On Loan: No      |
| ATLAS SENIOR LOAN FUND XVII LTD                                             | Atlas Senior Loan Fund XVII, Ltd., Class SUB LL                 | CUSIP: 04942GAC1<br>LEI: 5493004PDQETMPM6YK04 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $1511163.00   | 0.57%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Brightwood Capital MM CLO 2023-1 Ltd./ Brightwood Capital MM CLO 2023-1 LLC | BWCAP 2023-1A SUB1 Brightwood Capital MM CLO 2023-1 Ltd         | CUSIP: 108929AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2585233 | PA      | $2044885.85   | 0.77%             |  |  |  | Yes           | 3                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -2595000 | PA      | $-2595000.00  | -0.98%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                         | BCPE North Star US Holdco 2, Inc. 2L TL                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    578231 | PA      | $569317.85    | 0.21%             | 2029-06-08      | Floating      | 11.69%                | No            | 3                  | On Loan: No      |
| N/A                                                                         | Boca Homecare Holdings, Inc. (Equity) Common Stock              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    592033 | NS      | $330051.38    | 0.12%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CXP TRUST 2022-CXP1                                                         | CXP Trust 2022-CXP1, Class E CMBS                               | CUSIP: 126721AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $293850.00    | 0.11%             | 2038-12-15      | Fixed         | 0.02%                 | No            | 3                  | On Loan: No      |
| NORTHWOOD CAPITAL 25 LIMITED                                                | Northwoods Capital 25, Ltd., Class E LL                         | CUSIP: 66860WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2260172.81   | 0.85%             | 2034-07-20      | Floating      | 11.73%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | 24 Seven Holdco, LLC - 2023 Incremental Term Loan               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    329292 | PA      | $329291.92    | 0.12%             | 2027-11-16      | Floating      | 11.54%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Spectrum Vision Partners, LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3972558 | PA      | $3972558.08   | 1.50%             | 2025-11-17      | Floating      | 11.09%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Honor HN Buyer DD T/L 1st Amendment                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    777193 | PA      | $777193.33    | 0.29%             | 2027-10-15      | Floating      | 10.23%                | Yes           | 3                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -6299000 | PA      | $-6299000.00  | -2.38%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                         | Sora Multifamily Residential Property Indirect                  | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  30854474 | OU      | $21223218.39  | 8.01%             |  |  |  | No            | 3                  | On Loan: No      |
| LCM 38 Ltd / LCM 38 LLC                                                     | LCM 38 A, Class E-R Note                                        | CUSIP: 501965AG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5500000 | PA      | $5423456.78   | 2.05%             | 2036-10-15      | Floating      | 12.05%                | Yes           | 2                  | On Loan: No      |
| AHPT 2024-ATRM D                                                            | AHPT 2024-ATRM D                                                | CUSIP: 04963XAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3049431.90   | 1.15%             | 2039-10-10      | Fixed         | 7.93%                 | No            | 2                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -2064000 | PA      | $-2064000.00  | -0.78%            |  |  |  | No            | N/A                | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -3000000 | PA      | $-3000000.00  | -1.13%            |  |  |  | No            | N/A                | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -3158000 | PA      | $-3158000.00  | -1.19%            |  |  |  | No            | N/A                | On Loan: No      |
| MCR 2024-HF1 Mortgage Trust                                                 | MCR 2024-HF1 Mortgage Trust                                     | CUSIP: 55287FAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3007069.20   | 1.14%             | 2041-12-15      | Floating      | 8.34%                 | No            | 2                  | On Loan: No      |
| Fidelity Investments                                                        | Fidelity Treasury Portfolio                                     | CUSIP: 316175504<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    592757 | PA      | $592757.03    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                         | Exponential Power, Inc., TL                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2904080 | PA      | $2738546.98   | 1.03%             | 2026-05-12      | Floating      | 12.31%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Prudential PLC                                                  | CUSIP: 693976AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2021240.00   | 0.76%             | 2037-01-20      | Floating      | 13.29%                | Yes           | 2                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -2894000 | PA      | $-2894000.00  | -1.09%            |  |  |  | No            | N/A                | On Loan: No      |
| HTL COMMERCIAL MORTGAGE TRUST 2024-T53                                      | HTL Commercial Mortgage Trust                                   | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2567935.25   | 0.97%             | 2039-05-10      | Fixed         | 8.47%                 | No            | 2                  | On Loan: No      |
| Saratoga Investment Corporation CLO 2013-1 Ltd.                             | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F1R3           | CUSIP: 80349BCB1<br>LEI: 549300471O2DE0Y4L506 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1261765.40   | 0.48%             | 2033-04-20      | Floating      | 14.59%                | Yes           | 2                  | On Loan: No      |
| RideNow Group, Inc.                                                         | RideNow Group, Inc., Tenth Amendment TL                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000186 | PA      | $946175.79    | 0.36%             | 2027-09-30      | Floating      | 12.98%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | 4901 W Jefferson Blvd - Los Angeles, CA Indirect                | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |   5223424 | OU      | $4853937.09   | 1.83%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | AIDC Intermediate Co. 2, LLC, Term Loan                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     56867 | PA      | $56866.53     | 0.02%             | 2027-07-22      | Floating      | 9.82%                 | Yes           | 3                  | On Loan: No      |
| Bardin Hill CLO                                                             | Bardin Hill CLO 2021-2 Ltd.                                     | CUSIP: 06744BAJ2<br>LEI: 549300MBY3B6FX1O8T44 | Long             | ABS-CBDO         | CORP              | US        |   2450000 | PA      | $2459432.01   | 0.93%             | 2034-10-25      | Floating      | 12.28%                | Yes           | 2                  | On Loan: No      |
| Allegro CLO XVII Ltd.                                                       | Allegro CLO XVII Ltd.                                           | CUSIP: 01751WAE8<br>LEI: 213800WM4HOIEMCU1G38 | Long             | ABS-O            | CORP              | US        |   3329823 | PA      | $2684583.22   | 1.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |   -852000 | PA      | $-852000.00   | -0.32%            |  |  |  | No            | N/A                | On Loan: No      |
| MCF CLO VII LLC                                                             | MCF CLO VII LLC                                                 | CUSIP: 58039AAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1622283.36   | 0.61%             | 2037-07-20      | Floating      | 11.28%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | Medrina, LLC - DDTL                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    246191 | PA      | $246191.49    | 0.09%             | 2029-10-20      | Floating      | 10.25%                | Yes           | 3                  | On Loan: No      |
| APEX CREDIT CLO LTD                                                         | Apex Credit CLO 2021, Ltd., Class SUB LL                        | CUSIP: 03754DAG8<br>LEI: 549300PKXRJW5V5VW357 | Long             | ABS-O            | CORP              | US        |   2980000 | PA      | $1498302.28   | 0.57%             |  |  |  | Yes           | 3                  | On Loan: No      |
| VTR COMMERCIAL MORTGAGE TRUST 2025-STEM                                     | VTR Commercial Mortgage Trust CMBS                              | CUSIP: 92890YAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3500000.00   | 1.32%             | 2039-10-15      | Fixed         | 6.06%                 | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | 1902 Park Avenue (Los Angeles) Owner, L.P. INDIRECT             | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |   6038003 | OU      | $5864817.40   | 2.21%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | AIDC Intermediate Co. 2, TL                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2431250 | PA      | $2431250.00   | 0.92%             | 2027-07-22      | Floating      | 9.82%                 | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Honor HN Buyer, Inc. Delayed Draw Term Loan                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    698500 | PA      | $698500.49    | 0.26%             | 2027-10-15      | Floating      | 10.23%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | One GI Intermediate LLC, Tranche B DDTL                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1684375 | PA      | $1579943.75   | 0.60%             | 2025-12-22      | Floating      | 11.17%                | Yes           | 3                  | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-B                                         | BX 2025-BCAT D CMBS                                             | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    958285 | PA      | $959559.93    | 0.36%             | 2042-08-15      | Floating      | 6.80%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | Society Las Olas - PMG Greybook Riverfront I LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10181371 | PA      | $10177074.71  | 3.84%             | 2025-10-07      | Floating      | 5.69%                 | Yes           | 3                  | On Loan: No      |
| Cfip Clo 2017-1 Ltd/ Llc                                                    | CFIP CLO 2017-1, Ltd., Class ER LL                              | CUSIP: 12528HAG5<br>LEI: 635400N9HTJKJSK1AS88 | Long             | ABS-CBDO         | CORP              | US        |   5285000 | PA      | $5273158.16   | 1.99%             | 2034-10-18      | Floating      | 11.89%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | VA Gilbert AZ Subordinated Note Lease-Backed Pass-Through Trust | CUSIP: 918470AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158980 | PA      | $187016.08    | 0.07%             | 2034-03-15      | Fixed         | 13.00%                | No            | 3                  | On Loan: No      |
| N/A                                                                         | Avison Young Third Out PIK TL                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     84383 | PA      | $2843.29      | 0.00%             | 2029-03-12      | Floating      | 12.58%                | No            | 3                  | On Loan: No      |
| N/A                                                                         | LCM Ltd Partnership                                             | CUSIP: 50200UAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1193236.94   | 0.45%             | 2034-07-20      | Floating      | 11.58%                | Yes           | 2                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |   -622000 | PA      | $-622000.00   | -0.23%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                         | 3816-3822 W Jefferson Blvd Indirect                             | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |   5100255 | OU      | $3826882.00   | 1.45%             |  |  |  | No            | 3                  | On Loan: No      |
| Brightwood Capital MM CLO 2023-1 Ltd./ Brightwood Capital MM CLO 2023-1 LLC | BWCAP 2023-1A E Brightwood Capital MM CLO 2023-1 Ltd            | CUSIP: 108929AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1003974 | PA      | $1024348.35   | 0.39%             | 2035-10-15      | Floating      | 14.68%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | Shiftkey, Revolver                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    147059 | PA      | $140147.04    | 0.05%             | 2027-06-21      | Floating      | 0.50%                 | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Elevation CLO 2022-16, Ltd., Class E LL                         | CUSIP: 28624BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9100000 | PA      | $9129478.54   | 3.45%             | 2034-07-25      | Floating      | 12.62%                | Yes           | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                       | Wells Fargo Commercial Mortgage Trust 2021-FCMT Class D         | CUSIP: 95003EAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4010000 | PA      | $4029588.85   | 1.52%             | 2031-05-15      | Floating      | 7.98%                 | No            | 2                  | On Loan: No      |
| JP Morgan Securities, LLC                                                   | JPM CMBS Reverse Repo                                           | CUSIP: N/A<br>LEI: 549300BRNI54SX6NX725       | Short            | RA               | CORP              | US        |  -2993000 | PA      | $-2993000.00  | -1.13%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                         | 101 145 S. La Brea                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |   4620782 | OU      | $5900165.75   | 2.23%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | Vale at the Parks - DC Indirect                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |   5129598 | OU      | $4860530.29   | 1.84%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                                                         | 24 Seven, Inc., Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3737415 | PA      | $3737414.64   | 1.41%             | 2027-11-16      | Floating      | 11.54%                | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | MedMark Services, Inc., Second Lien Term Loan                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    378788 | PA      | $286363.64    | 0.11%             | 2028-06-11      | Floating      | 13.09%                | No            | 3                  | On Loan: No      |
| Allegro                                                                     | ALLEG 2020-1A E1R                                               | CUSIP: 01750UAE3<br>LEI: 254900E0ZQX4DLP7HF87 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003450.50   | 0.38%             | 2037-07-21      | Variable      | 11.73%                | Yes           | 2                  | On Loan: No      |
| Allegro Clo XV Ltd / LLC                                                    | Allegro CLO XV, Ltd., Class SUB LL                              | CUSIP: 01749KAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4681654 | PA      | $2898051.43   | 1.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Flatiron CLO 20 Ltd                                             | CUSIP: 33883NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501826.60    | 0.19%             | 2036-05-20      | Floating      | 10.65%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | EOS-Metasource Intermediate, Inc., TL                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3408469 | PA      | $3261904.97   | 1.23%             | 2027-05-17      | Floating      | 11.34%                | Yes           | 3                  | On Loan: No      |
| CXP TRUST 2022-CXP1                                                         | CXP Trust 2022-CXP1, Class F CMBS                               | CUSIP: 126721AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $0.00         | 0.00%             | 2038-12-15      | Fixed         | 0.02%                 | No            | 3                  | On Loan: No      |
| CARLYLE US CLO 2022-6 LTD                                                   | CGMS 2022-7R                                                    | CUSIP: 14317NAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2007683.30   | 0.76%             | 2036-10-25      | Variable      | 12.22%                | Yes           | 2                  | On Loan: No      |
| CARLYLE US CLO 2022-6 LTD                                                   | Carlyle US CLO 2022-4 Ltd                                       | CUSIP: 14317EAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4250000 | PA      | $4350877.58   | 1.64%             | 2036-07-25      | Floating      | 11.07%                | Yes           | 2                  | On Loan: No      |
| N/A                                                                         | IENTC 1, LLC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   3769463 | NS      | $16873000.00  | 6.37%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Kreg LLC, Revolver                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    163043 | PA      | $157336.96    | 0.06%             | 2026-12-20      | Floating      | 10.70%                | Yes           | 3                  | On Loan: No      |
| EMPOWER CLO 2024-1 LTD                                                      | EMPWR 2024-1A SUB                                               | CUSIP: 29244YAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4396000 | PA      | $2363654.47   | 0.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Peaks clo 3 ltd/llc                                                         | Elevation CLO 2021-15, Ltd., Class SUB LL                       | CUSIP: 70469GAC5<br>LEI: 5493005VN5WX000OV470 | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $1010512.50   | 0.38%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | LCM 31, Ltd., Class INC LL                                      | CUSIP: 50201VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $72657.75     | 0.03%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Avison Young Second Out PIK TL                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    276409 | PA      | $214694.64    | 0.08%             | 2029-03-12      | Floating      | 12.44%                | No            | 3                  | On Loan: No      |
| HARUS 2024-2A                                                               | HARUS 2024-2A                                                   | CUSIP: 41756XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2039065.10   | 0.77%             | 2037-10-15      | Floating      | 11.22%                | Yes           | 2                  | On Loan: No      |
| EMPWR 2024-2A                                                               | EMPWR 2024-2A                                                   | CUSIP: 29248KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7650000 | PA      | $4957834.95   | 1.87%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                                                                         | Honor HN Buyer, Inc. Revolver                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    132013 | PA      | $132013.20    | 0.05%             | 2027-10-15      | Floating      | 12.00%                | Yes           | 3                  | On Loan: No      |
| BXSC COMMERCIAL MORTGAGE TRUST 2022-WSS                                     | BXSC Commercial Mortgage Trust                                  | CUSIP: 05610BAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3000589.20   | 1.13%             | 2035-03-15      | Floating      | 9.48%                 | No            | 2                  | On Loan: No      |
| N/A                                                                         | Shiftkey, Term Loan                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2168229 | PA      | $2066322.15   | 0.78%             | 2027-06-21      | Floating      | 10.34%                | Yes           | 3                  | On Loan: No      |
| Creative Media & Community Trust Corporation                                | Creative Media & Community Trust Corp. REIT                     | CUSIP: 12564W102<br>LEI: 549300X9XL9BLF80OY48 | Long             | EC               | CORP              | US        |      1584 | NS      | $10042.56     | 0.00%             |  |  |  | Yes           | 1                  | On Loan: No      |
| DK TRUST 2025-LXP                                                           | DK 2025-LXP D CMBS                                              | CUSIP: 23292LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999267.70    | 0.38%             | 2037-08-15      | Floating      | 7.21%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** CIM Real Assets & Credit Fund

**Signature:** Barry Berlin

**Name of Signer:** Barry Berlin

**Title:** Chief Financial Officer