# EDGAR Filing Document

**Accession Number:** 0001830926
**File Stem:** 0001193125-25-295638
**Filing Date:** 2025-11
**Character Count:** 18868
**Document Hash:** 292416799955d1a8124343ab6140d1cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-295638.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001193125-25-295638

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMERY PARTNERS INCOME CREDIT STRATEGIES FUND
- **CENTRAL INDEX KEY:** 0001830926

**ORGANIZATION NAME:**
- **EIN:** 921556891
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23856
- **FILM NUMBER:** 251516510

**BUSINESS ADDRESS:**
- **STREET 1:** 53 STATE STREET
- **STREET 2:** 23RD FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-762-0090

**MAIL ADDRESS:**
- **STREET 1:** 53 STATE STREET
- **STREET 2:** 23RD FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SKK Access Income Fund
- **DATE OF NAME CHANGE:** 20230317

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SKK Access Income Fund LP
- **DATE OF NAME CHANGE:** 20201102

## Nport-Ex

**Emery Partners Income Credit Strategies Fund**

**SCHEDULE OF INVESTMENTS**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal Amount ($)** | **Security Description** | **Fair Value** |
|  | **PRIVATE FINANCING - 15.7%** |  |
|  | *SPECIALTY FINANCE - 15.7%* |  |
| 2000000 | &nbsp;&nbsp;&nbsp;BISEF Loan Participation - NexGen, Revolver, 12.38%, SOFR+8.25%, 1/23/29 <sup>(a)(b)(c)(d)</sup> | $2004826 |
| 3000000 | &nbsp;&nbsp;&nbsp;KCS1 Loan Participation - Batchfire, Term Loan, 15.00%, 10/14/26 <sup>(b)(c)(d)</sup> | 3009963 |
| 11,205,184 AUD | &nbsp;&nbsp;&nbsp;Oceana Australian Fixed Income Trust, Class B Notes, 12.25%, 9/27/28 <sup>(c)(d)</sup> | 7410346 |
|  | **TOTAL PRIVATE FINANCING - (Cost $12,514,276)** | **12425135** |

---

---

| | | |
|:---|:---|:---|
| **Units** |  |  |
|  | **PRIVATE FUNDS - 85.7%** |  |
|  | *SPECIALTY FINANCE - 66.7%* |  |
| 5109339 | &nbsp;&nbsp;&nbsp;BasePoint Income Solutions Evergreen Fund, L.P. <sup>(c)</sup> | 5616576 |
| 1894972 | &nbsp;&nbsp;&nbsp;Brevet Direct Lending - Short Duration Fund, L.P. <sup>(c)(e)</sup> | 1950869 |
| 2061021 | &nbsp;&nbsp;&nbsp;Brevet Direct Lending - Short Duration Fund, L.P. (D.2 Class) <sup>(c)(e)</sup> | 2684359 |
| 2143389 | &nbsp;&nbsp;&nbsp;Brevet Direct Lending - Short Duration Fund, L.P. (K.1 Class) <sup>(c)(e)</sup> | 1375940 |
| 396446 | &nbsp;&nbsp;&nbsp;Brevet Direct Lending - Short Duration Fund, L.P. (V, X, & S2 V.II) <sup>(c)(e)</sup> | 483954 |
| 262909 | &nbsp;&nbsp;&nbsp;Brevet Direct Lending - Short Duration Fund, L.P. (V.II, X, & S2 V.II) <sup>(c)(e)</sup> | 333170 |
| 2500000 | &nbsp;&nbsp;&nbsp;Evolution Credit Partners Trade Finance, L.P. <sup>(c)(e)</sup> | 2447157 |
| 2100983 | &nbsp;&nbsp;&nbsp;Orthogon Partners III, L.P. <sup>(c)(e)</sup> | 1221548 |
| 1348000 | &nbsp;&nbsp;&nbsp;Siguler Guff Brazil Special Situations Fund III, LP <sup>(c)(e)</sup> | 1904448 |
| 2131813 | &nbsp;&nbsp;&nbsp;Sound Point Discovery Fund, LLC <sup>(c)(e)</sup> | 2615341 |
| 11099607 | &nbsp;&nbsp;&nbsp;SP Credit Fund, LP - Series C-AIF <sup>(c)(e)</sup> | 12747157 |
| 6000000 | &nbsp;&nbsp;&nbsp;Sundance Debt Partners, LP <sup>(c)</sup> | 6000000 |
| 8176762 | &nbsp;&nbsp;&nbsp;Treville Credit Fund, LP <sup>(c)(e)</sup> | 7650422 |
| 3265156 | &nbsp;&nbsp;&nbsp;VICOF II Feeder, L.P. <sup>(c)(e)</sup> | 4168327 |
| 1353795 | &nbsp;&nbsp;&nbsp;YieldPoint Stable Value Fund, L.P. - Founders Series B Interests <sup>(c)</sup> | 1390291 |
| 132118 | &nbsp;&nbsp;&nbsp;YieldPoint Stable Value Fund, L.P. - SP-1 Series B1.5 <sup>(c)(e)</sup> | 106200 |
|  |  | **52695759** |
|  | *SPECIAL PURPOSE VEHICLES - 19.0%* |  |
| 11581210 | &nbsp;&nbsp;&nbsp;Piratella HM-RPA, LLC <sup>(c)(e)</sup> | 14975797 |
|  |  | **14975797** |
|  | &nbsp;&nbsp;&nbsp;**TOTAL PRIVATE FUNDS - (Cost $61,557,520)** | **67671556** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | |
|  | **SHORT-TERM INVESTMENTS - 0.4%** |  |
|  | *MONEY MARKET FUNDS - 0.4%* |  |
| 316921 | &nbsp;&nbsp;&nbsp;Federated Hermes Treasury Obligations Fund, Institutional Class, 3.98% <sup>(f)</sup> | 316921 |
|  | **TOTAL SHORT-TERM INVESTMENTS - (Cost $316,921)** | **316921** |
|  | **TOTAL INVESTMENTS - 101.8% - (Cost $74,388,717)** | 80413612 |
|  | LIABILITIES IN EXCESS OF OTHER ASSETS - (1.8)% | (1429894) |
|  | **NET ASSETS - 100.0%** | $**78983718** |

---

SOFR - Secured Overnight Financing Rate

AUD - Australian Dollar

&nbsp;&nbsp;&nbsp;&nbsp;(a) Floating
rate security. Rate shown is the rate effective as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(b) All
or a portion of the security was made through a participation.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security
exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions
exempt from registration, normally to qualified institutional buyers. As of September 30, 2025, the total market value
of 144A securities is $80,096,691 or 101.4% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Value
was determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Non-income
producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate
disclosed is the seven day effective yield as of September 30, 2025.

**Emery Partners Income Credit Strategies Fund**

**SCHEDULE OF INVESTMENTS**

**September 30, 2025 (Unaudited) (Continued)**

**Additional information on restricted securities is as follows:** 

---

| | | |
|:---|:---|:---|
| **Security** | **First Acquisition Date** | **Cost** |
| BasePoint Income Solutions Evergreen Fund, L.P. | 3/14/2023 | $5109339 |
| Brevet Direct Lending - Short Duration Fund, L.P. | 3/14/2023 | 1894972 |
| Brevet Direct Lending - Short Duration Fund, L.P. (D.2 Class) | 3/14/2023 | 2061021 |
| Brevet Direct Lending - Short Duration Fund, L.P. (K.1 Class) | 3/14/2023 | 2143389 |
| Brevet Direct Lending - Short Duration Fund, L.P. (V, X, & S2 V.II) | 9/27/2024 | 396446 |
| Brevet Direct Lending - Short Duration Fund, L.P. (V.II, X, & S2 V.II) | 9/27/2024 | 262909 |
| Evolution Credit Partners Trade Finance, L.P. | 1/1/2024 | 2500000 |
| Orthogon Partners III, L.P. | 5/1/2023 | 2100983 |
| Siguler Guff Brazil Special Situations Fund III, LP | 11/8/2024 | 1348000 |
| Sound Point Discovery Fund | 4/3/2023 | 2131813 |
| SP Credit Fund, LP - Series C-AIF | 2/14/2024 | 11099607 |
| Sundance Debt Partners, LLC | 3/14/2023 | 6000000 |
| Treville Credit Fund, LP | 10/25/2024 | 8176762 |
| VICOF II Feeder, L.P. | 6/18/2024 | 3265156 |
| YieldPoint Stable Value Fund, L.P. - Founders Series B Interests | 3/14/2023 | 1353795 |
| YieldPoint Stable Value Fund, L.P. - SP-1 Series B1.5 | 6/1/2024 | 132118 |
| Piratella HM-RPA, LLC | 11/20/2024 | 11581210 |
|  |  | $61557520 |

---

**Emery Partners Income Credit Strategies Fund**

**SCHEDULE OF OPEN FUTURES CONTRACTS**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Number of Contracts** | **Expiration Date** | **Notional Amount** | **Value &<br> Unrealized<br> Appreciation/<br> (Depreciation)** |
| **SALE CONTRACTS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Australian Dollar Futures - December 2025 <sup>(a)</sup> | (118) | 12/17/2025 | $(7790950) | $(23010) |
| &nbsp;&nbsp;&nbsp;Brazilian Dollar Futures - November 2025 <sup>(a)</sup> | (95) | 11/19/2025 | (1767475) | (4750) |
| **TOTAL SALES CONTRACTS** |  |  | $(9558425) | $(27760) |
| **TOTAL FUTURES CONTRACTS** |  |  | $**(9558425)** | $**(27760)** |

---

<sup>(a)</sup> Chicago Mercantile Exchange (''CME'') futures contracts settle on their respective maturity date. The unrealized appreciation on these contracts is a receivable for unsettled open futures contracts and the unrealized depreciation is a payable for unsettled open futures contracts.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Emery Partners Income Credit Strategies Fund

- **b. Investment Company Act file number:** 811-23856

- **c. CIK number of Registrant:** 0001830926

- **d. LEI of Registrant:** 529900O24LMV6738X407

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

  - **Street Address 1:** 53 State Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 6178961600

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

- **a. Name of Series:** Emery Partners Income Credit Strategies Fund

- **c. LEI of Series:** 529900O24LMV6738X407

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $84325153.91

**Total Liabilities:** $5341435.89

**Net Assets:** $78983718.02

**Cash Not Reported:** $725910.35

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | 5.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $588943.03               | $4705582.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Brazilian Dollar Futures - November 2025                             | Brazilian Dollar Futures - November 2025                             | CUSIP: 999999999<br>LEI: N/A | Long             | DFE              |  | US        |       -95 | OU      | $-4750.00     | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Brevet Direct Lending - Short Duration Fund, L.P.                    | Brevet Direct Lending - Short Duration Fund, L.P.                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1894972 | OU      | $1950869.45   | 2.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brevet Direct Lending - Short Duration Fund, L.P. (D 2 Class)        | Brevet Direct Lending - Short Duration Fund, L.P. (D 2 Class)        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2061021 | OU      | $2684359.14   | 3.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brevet Direct Lending - Short Duration Fund, L.P. (K 1 Class)        | Brevet Direct Lending - Short Duration Fund, L.P. (K 1 Class)        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2143389 | OU      | $1375940.31   | 1.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brevet Direct Lending Short Duration Fund, L.P. (V, X, & S2 V.II)    | Brevet Direct Lending Short Duration Fund, L.P. (V, X, & S2 V.II)    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    396446 | OU      | $483954.00    | 0.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brevet Direct Lending Short Duration Fund, Ltd. (V.II, X, & S2 V.II) | Brevet Direct Lending Short Duration Fund, Ltd. (V.II, X, & S2 V.II) | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    262909 | OU      | $333170.00    | 0.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Evolution Credit Partners Trade Finance, LP                          | Evolution Credit Partners Trade Finance, LP                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2500000 | OU      | $2447157.00   | 3.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Federated Hermes Treasury Obligations Fund, Institutional Class      | Federated Hermes Treasury Obligations Fund, Institutional Class      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    316921 | OU      | $316921.32    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| KCS1 Loan Participation - Batchfire                                  | KCS1 Loan Participation - Batchfire                                  | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | CORP              | CA        |   3000000 | OU      | $3009962.48   | 3.81%             | 2026-10-14      | Fixed         | 15.00%                | Yes           | 3                  | On Loan: No      |
| Oceana Australian Fixed Income Trust, Class B Note                   | Oceana Australian Fixed Income Trust, Class B Note                   | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | CORP              | US        |   7514276 | OU      | $7410345.86   | 9.38%             | 2028-09-27      | Fixed         | 12.25%                | No            | 3                  | On Loan: No      |
| Orthogon Partners Fund III, L.P.                                     | Orthogon Partners Fund III, L.P.                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2100983 | OU      | $1221548.00   | 1.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Piratella HM-RPA, LLC                                                | Piratella HM-RPA, LLC                                                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  11581210 | OU      | $14975797.19  | 18.96%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Siguler Guff Brazil Special Situations Fund III, LP                  | Siguler Guff Brazil Special Situations Fund III, LP                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1348000 | OU      | $1904448.00   | 2.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Sound Point Discovery Fund, LLC                                      | Sound Point Discovery Fund, LLC                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2131812 | OU      | $2615340.74   | 3.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SP Credit Fund LP - Series C-AIF                                     | SP Credit Fund LP - Series C-AIF                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  11099607 | OU      | $12747157.19  | 16.14%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Sundance Debt Partners, LP                                           | Sundance Debt Partners, LP                                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   6000000 | OU      | $6000000.00   | 7.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Treville Credit Fund LP                                              | Treville Credit Fund LP                                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   8176762 | OU      | $7650422.00   | 9.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| VICOF II Feeder, LP                                                  | VICOF II Feeder, LP                                                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3265156 | OU      | $4168327.00   | 5.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| YieldPoint Stable Value Fund, L.P. - Founders Series B Interests     | YieldPoint Stable Value Fund, L.P. - Founders Series B Interests     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1353795 | OU      | $1390290.85   | 1.76%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Yieldpoint Stable Value Fund, L.P. - SP-1 Series B1.5                | Yieldpoint Stable Value Fund, L.P. - SP-1 Series B1.5                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |    132118 | OU      | $106200.26    | 0.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Australian Dollar Futures - December 2025                            | Australian Dollar Futures - December 2025                            | CUSIP: 999999999<br>LEI: N/A | Long             | DFE              |  | US        |      -118 | OU      | $-23010.00    | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| BasePoint Income Solutions Evergreen Fund, L.P.                      | BasePoint Income Solutions Evergreen Fund, L.P.                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5109339 | OU      | $5616576.00   | 7.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BISEF Loan Participation - NexGen                                    | BISEF Loan Participation - NexGen                                    | CUSIP: 999999999<br>LEI: N/A | Long             | DBT              | CORP              | US        |   2000000 | OU      | $2004825.52   | 2.54%             | 2029-01-23      | Floating      | 12.38%                | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2025-11-21

**Name of Applicant:** Emery Partners Income Credit Strategies Fund

**Signature:** /s/ Richard Blair

**Name of Signer:** Richard Blair

**Title:** President