# EDGAR Filing Document

**Accession Number:** 0001754927
**File Stem:** 0001049169-26-001761
**Filing Date:** 2026-6
**Character Count:** 30694
**Document Hash:** cae5c0d032e75823fd5445c9a5c16035
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001761.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001049169-26-001761

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Axonic Alternative Income Fund
- **CENTRAL INDEX KEY:** 0001754927

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23385
- **FILM NUMBER:** 261124607

**BUSINESS ADDRESS:**
- **STREET 1:** C/O AXONIC CAPITAL, LLC
- **STREET 2:** 520 MADISON AVENUE, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-259-0430

**MAIL ADDRESS:**
- **STREET 1:** C/O AXONIC CAPITAL, LLC
- **STREET 2:** 520 MADISON AVENUE, 42ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AXONIC ALTERNATIVE INCOME FUND

- **b. Investment Company Act file number:** 811-23385

- **c. CIK number of Registrant:** 0001754927

- **d. LEI of Registrant:** 549300OCFNTKUUAO1D05

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

  - **Street Address 1:** 520 MADISON AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 2122590430

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

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

- **c. LEI of Series:** 549300OCFNTKUUAO1D05

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $451499695.96

**Total Liabilities:** $3972892.74

**Net Assets:** $447526803.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 211.00457400 | **1-Year:** 2663.74297000 | **5-Year:** 10827.51443400 | **10-Year:** 23298.04554500 | **30-Year:** 5965.52402900

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

- **3-Month:** 173.08784100 | **1-Year:** 513.70532900 | **5-Year:** 129.93397300 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.63%                | 0.41%                | 0.79%                |
| Class ID N/A | 0.69%                | 0.46%                | 0.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $232333.26               | $-1401799.77                               |
| Month 2  | $-23515.20               | $-2519575.07                               |
| Month 3  | $148231.56               | $-1715866.04                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Corporate High Yield Bond Index

- **Index Identifier:** LF98TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Multifamily Structured Credit Risk                | Multifamily Structured Credit Risk                               | CUSIP: 35564BAA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14190605 | PA      | $14406302.48  | 3.22%             | 2042-07-25      | Floating      | 10.64%                | Yes           |                  2 | On Loan: No      |
| Fremf Mortgage Trust                              | FREMF 2022-K748 Mortgage Trust                                   | CUSIP: 30326JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  46715504 | PA      | $102774.11    | 0.02%             | 2029-01-25      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| Gkn Sub Ctl Pt Trust Aub                          | GKN Subordinated CTL Pass-Through Trust/Auburn MI                | CUSIP: 36175XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5399179 | PA      | $3683319.91   | 0.82%             | 2030-03-15      | Variable      | 1.41%                 | Yes           |                  2 | On Loan: No      |
| Dominion Mortgage Trust                           | Dominion Mortgage Trust 2025-RTL1                                | CUSIP: 25746DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3047180.70   | 0.68%             | 2027-09-25      | Variable      | 10.19%                | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2020-SB76 Mortgage Trust                                   | CUSIP: 30315EAF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    403693 | PA      | $406842.01    | 0.09%             | 2030-05-25      | Variable      | 13.14%                | Yes           |                  2 | On Loan: No      |
| N/A                                               | GSF 2025-5 Portfolio Holding LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 127871280 | PA      | $21014896.82  | 4.70%             | 2030-08-11      | Floating      | 1.46%                 | No            |                  3 | On Loan: No      |
| N/A                                               | FAT DIP Facility                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    310013 | PA      | $310013.35    | 0.07%             | 2049-12-31      | Floating      | 12.00%                | No            |                  3 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2017-SB32 Mortgage Trust                                   | CUSIP: 302952AF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1599629 | PA      | $1603627.87   | 0.36%             | 2027-04-25      | Floating      | 11.94%                | Yes           |                  2 | On Loan: No      |
| N/A                                               | FAT New Money TL                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    186123 | PA      | $186122.92    | 0.04%             | 2049-12-31      | Floating      | 12.00%                | No            |                  3 | On Loan: No      |
| Scms Mortgage Trust                               | SCMS 2025-BNC1 Mortgage Trust                                    | CUSIP: 78398LAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28637899 | PA      | $25576507.60  | 5.72%             | 2028-09-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | CS Farmington Limited LP, G8 Farmington LLC, 264 Farmington LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7500000 | PA      | $7501500.00   | 1.68%             | 2030-04-06      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| Huntsville Capital Corp                           | TCG Hunstville JV LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3883937 | PA      | $3884325.10   | 0.87%             | 9999-12-31      | Floating      | 11.80%                | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust          | Castlelake Aircraft Structured Trust 2017-1R                     | CUSIP: 14856JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    516843 | PA      | $510537.67    | 0.11%             | 2041-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Jp Morgan Chase Commercial Mortgage Sec Trust     | JPMCC Multifamily Housing Mortgage Loan Trust 2025-Q032          | CUSIP: 48129YAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12964050 | PA      | $12321032.78  | 2.75%             | 2029-11-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Scms Mortgage Trust                               | SCMS 2025-BNC1 Mortgage Trust                                    | CUSIP: 78398LAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 342654311 | PA      | $4831425.79   | 1.08%             | 2028-04-15      | Variable      | 1.11%                 | Yes           |                  2 | On Loan: No      |
| Center Street Lending Resi-investor Abs Trust     | Center Street Lending Resi-Investor ABS Mortgage Trust 2024-RTL1 | CUSIP: 15169CAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5264000 | PA      | $5324421.77   | 1.19%             | 2027-05-25      | Fixed         | 10.74%                | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2017-SB38 Mortgage Trust                                   | CUSIP: 30305LAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    261548 | PA      | $257285.19    | 0.06%             | 2027-08-25      | Floating      | 11.58%                | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2017-SB28 Mortgage Trust                                   | CUSIP: 30300KAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1086045 | PA      | $1068559.75   | 0.24%             | 2027-01-25      | Floating      | 11.58%                | Yes           |                  2 | On Loan: No      |
| Fremf Mortgage Trust                              | FREMF 2022-K748 Mortgage Trust                                   | CUSIP: 30326JAS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2995082 | PA      | $2296029.86   | 0.51%             | 2029-02-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2025-SB122 Mortgage Trust                                  | CUSIP: 30341RAE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  13563687 | PA      | $11903492.03  | 2.66%             | 2035-05-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2022-SB98 Mortgage Trust                                   | CUSIP: 30327FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5811825 | PA      | $5559010.65   | 1.24%             | 2042-04-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB Multifamily Structured Pass Through Certificates           | CUSIP: 30320MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2643645 | PA      | $2442727.62   | 0.55%             | 2041-03-25      | Variable      | 7.87%                 | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2021-SB83 Mortgage Trust                                   | CUSIP: 30318NAG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6543759 | PA      | $170957.66    | 0.04%             | 2041-01-25      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| N/A                                               | GSF 2023-1 Investor, LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 426487100 | PA      | $39258679.19  | 8.77%             | 2049-12-31      | Floating      | 1.72%                 | No            |                  3 | On Loan: No      |
| Smr 2022-ind Mortgage Trust                       | SMR 2022-IND Mortgage Trust                                      | CUSIP: 78458MAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4096732 | PA      | $3936959.75   | 0.88%             | 2039-02-15      | Floating      | 11.15%                | Yes           |                  2 | On Loan: No      |
| Fremf Mortgage Trust                              | FREMF 2018-KF44 Mortgage Trust                                   | CUSIP: 30296JAE8<br>LEI: 549300EOT0GWUWJMLC61 | Long             | ABS-MBS          | USGSE             | US        |   1101894 | PA      | $1087679.11   | 0.24%             | 2027-02-25      | Floating      | 12.27%                | Yes           |                  2 | On Loan: No      |
| Thunderbolt Aircraft Lease Limited/ Us Llc        | Thunderbolt III Aircraft Lease, Ltd.                             | CUSIP: 88607AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    157825 | PA      | $155599.33    | 0.03%             | 2026-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                | Dreyfus Government Cash Management, Institutional Shares         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  33192954 | NS      | $33192954.47  | 7.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2025-SB119 Mortgage Trust                                  | CUSIP: 35802JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  13899998 | PA      | $12213927.92  | 2.73%             | 2035-01-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Surfrider Montauk                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   6735300 | PA      | $6733952.93   | 1.50%             | 2027-04-09      | Floating      | 13.65%                | No            |                  2 | On Loan: No      |
| CSMC 2020-FACT                                    | Credit Suisse Commercial Mortgage Trust 2020-FACT E              | CUSIP: 126395AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1678000 | PA      | $1181983.20   | 0.26%             | 2037-10-15      | Floating      | 9.13%                 | Yes           |                  2 | On Loan: No      |
| Mcr Mortgage Trust                                | MCR 2024-TWA Mortgage Trust                                      | CUSIP: 582923AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14700000 | PA      | $14627970.00  | 3.27%             | 2027-06-12      | Fixed         | 14.74%                | Yes           |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust        | Bear Stearns Asset Backed Securities I Trust 2006-AC3            | CUSIP: 07387NAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2073584 | PA      | $417458.43    | 0.09%             | 2036-05-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2023-SB106 Mortgage Trust                                  | CUSIP: 35802AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7630342 | PA      | $6910800.45   | 1.54%             | 2033-05-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | CRE_MEZZ_HILTONNATIONALLANDING_HT_202602                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13500000 | PA      | $13562100.00  | 3.03%             | 2030-04-06      | Floating      | 11.67%                | No            |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2022-SB100 Mortgage Trust                                  | CUSIP: 30327XAL4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8367679 | PA      | $7673161.52   | 1.71%             | 2042-05-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2023-SB109 Mortgage Trust                                  | CUSIP: 30333MAF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6562799 | PA      | $5918988.26   | 1.32%             | 2043-07-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2024-SB114 Mortgage Trust                                  | CUSIP: 30337MAE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12329916 | PA      | $11188165.50  | 2.50%             | 2034-05-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | CRE_MEZZ_ARLOMIDTOWN_HT_202512                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  27500000 | PA      | $27555000.00  | 6.16%             | 2030-04-06      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| N/A                                               | GSF 2025-AXMF1 EFX LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 295527000 | PA      | $23987675.39  | 5.36%             | 2030-08-11      | Floating      | 1.46%                 | No            |                  3 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2020-SB74 Mortgage Trust                                   | CUSIP: 30291SAL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1182160 | PA      | $1185942.65   | 0.26%             | 2030-04-25      | Variable      | 14.27%                | Yes           |                  2 | On Loan: No      |
| Fat Brands Gfg Royalty Llc                        | FAT Brands GFG Royalty I LLC                                     | CUSIP: 31189WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1049088 | PA      | $996633.15    | 0.22%             | 2051-07-25      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2024-SB117 Mortgage Trust                                  | CUSIP: 35802CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  11776458 | PA      | $10391546.50  | 2.32%             | 2034-10-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Scms Mortgage Trust                               | SCMS 2025-BNC1 Mortgage Trust                                    | CUSIP: 78398LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4020000 | PA      | $3605538.00   | 0.81%             | 2028-07-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                | EFMT 2025-RTL1                                                   | CUSIP: 26846FAD1<br>LEI: 254900NFBGFOBK1G2B84 | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2255462.33   | 0.50%             | 2028-05-25      | Variable      | 8.33%                 | Yes           |                  2 | On Loan: No      |
| Fremf Mortgage Trust                              | FREMF Mortgage Trust                                             | CUSIP: 30329HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3644429 | PA      | $3579922.61   | 0.80%             | 2032-09-25      | Floating      | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Hudsons Bay Simon Jv Trust                        | Hudsons Bay Simon JV Trust 2015-HBS                              | CUSIP: 44422PBY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6652596 | PA      | $6142341.89   | 1.37%             | 2034-08-05      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2021-SB93 Mortgage Trust                                   | CUSIP: 30325WAE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3740779 | PA      | $3533539.64   | 0.79%             | 2041-10-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Hudsons Bay Simon Jv Trust                        | Hudsons Bay Simon JV Trust 2015-HBS                              | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4677207 | PA      | $4580388.82   | 1.02%             | 2034-08-05      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2021-SB90 Mortgage Trust                                   | CUSIP: 30322KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2784816 | PA      | $2616891.37   | 0.58%             | 2041-07-25      | Floating      | 2.81%                 | No            |                  2 | On Loan: No      |
| Redwood Trust Inc                                 | Redwood Trust, Inc.                                              | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     21780 | NS      | $121096.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2017-SB42 Mortgage Trust                                   | CUSIP: 30306BAD5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1863194 | PA      | $1777487.52   | 0.40%             | 2027-10-25      | Floating      | 11.27%                | Yes           |                  2 | On Loan: No      |
| Mcr Mortgage Trust                                | MCR 2024-TWA Mortgage Trust                                      | CUSIP: 582923AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2627300.00   | 0.59%             | 2027-06-12      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| Bcp Trust                                         | BCP Trust 2021-330N                                              | CUSIP: 05553BAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4111000 | PA      | $2885510.90   | 0.64%             | 2038-06-15      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Fremf Mortgage Trust                              | FREMF 2022-K748 Mortgage Trust                                   | CUSIP: 30326JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12739389 | PA      | $29300.59     | 0.01%             | 2029-02-25      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| First American Government Obligations Fund        | First American Government Obligations Fund Class X               | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  31431920 | NS      | $31431920.33  | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2022-SB95 Mortgage Trust                                   | CUSIP: 35802DAE7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4648914 | PA      | $4469930.95   | 1.00%             | 2031-12-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                               | Portofino Mezz Partners, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7000000 | PA      | $7002800.00   | 1.56%             | 2029-07-01      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Gsf Issuer Llc                                    | GSF 2023-1 LLC                                                   | CUSIP: 362945AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8767751 | PA      | $8405539.95   | 1.88%             | 2038-12-01      | Fixed         | 7.62%                 | Yes           |                  3 | On Loan: No      |
| Prop Limited                                      | Prop 2017-1, Ltd.                                                | CUSIP: BCC2CSQ52<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6396479 | PA      | $2526609.11   | 0.56%             | 2042-03-15      | Fixed         | 11.55%                | No            |                  2 | On Loan: No      |
| Acres Commercial Realty                           | ACRES Commercial Realty Corp.                                    | CUSIP: 00489Q300<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     17823 | NS      | $389610.78    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresb Multifamily Mortgage Pass-through Certifica | FRESB 2020-SB81 Mortgage Trust                                   | CUSIP: 30317QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2293790 | PA      | $2162355.51   | 0.48%             | 2030-10-25      | Variable      | 8.74%                 | Yes           |                  2 | On Loan: No      |
| Fat Brands Gfg Royalty Llc                        | FAT Brands GFG Royalty I LLC                                     | CUSIP: 31189WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    637328 | PA      | $605461.91    | 0.14%             | 2026-07-25      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Stonepeak                                         | Stonepeak 2021-1 ABS                                             | CUSIP: 78433XAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1567029 | PA      | $1495886.15   | 0.33%             | 2028-05-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Prop Limited                                      | Prop 2017-1, Ltd.                                                | CUSIP: BCC2CSQ60<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5765250 | PA      | $4525721.64   | 1.01%             | 2042-03-15      | Fixed         | 8.90%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-30

**Name of Applicant:** AXONIC ALTERNATIVE INCOME FUND

**Signature:** Joe Castellano

**Name of Signer:** Joe Castellano

**Title:** Chief Accounting Officer