# EDGAR Filing Document

**Accession Number:** 0001578987
**File Stem:** 0001752724-23-049558
**Filing Date:** 2023-3
**Character Count:** 24579
**Document Hash:** fd1b32a75c23081a4aa5d2d051af0e5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049558.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049558

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ArrowMark Financial Corp.
- **CENTRAL INDEX KEY:** 0001578987
- **IRS NUMBER:** 900934878
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22853
- **FILM NUMBER:** 23691113

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FILLMORE STREET, SUITE 325
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** (303) 398-2929

**MAIL ADDRESS:**
- **STREET 1:** 100 FILLMORE STREET, SUITE 325
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** StoneCastle Financial Corp.
- **DATE OF NAME CHANGE:** 20130611

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ArrowMark Financial Corp.

- **b. Investment Company Act file number:** 811-22853

- **c. CIK number of Registrant:** 0001578987

- **d. LEI of Registrant:** 549300IG3L8MH4JMIN52

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

  - **Street Address 1:** 100 Fillmore Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** (303) 398-2929

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

- **a. Name of Series:** ArrowMark Financial Corp.

- **c. LEI of Series:** 549300IG3L8MH4JMIN52

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $208499623.84

**Total Liabilities:** $60840563.28

**Net Assets:** $147659060.56

**Cash Not Reported:** $395358.41

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 407.21337000 | **5-Year:** 812.90159000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 4011.08339000 | **5-Year:** 18359.68337000 | **10-Year:** 5992.23650000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -1.62%               | 3.24%                | -0.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-175223.03              | $0.00                                      |
| Month 2  | $-344691.11              | $0.00                                      |
| Month 3  | $-115982.00              | $5122073.84                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Salisbury                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    800000 | PA      | $926108.89    | 0.63%             | 2028-03-20      | Floating      | 13.18%                | No            |                  2 | On Loan: No      |
| F.N.B.C of La Grange, Inc.                       | Subordinated Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $598500.00    | 0.41%             | 2030-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Elvetia                                          | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | SN               | CORP              | JE        |   3000000 | PA      | $3148272.32   | 2.13%             | 2030-10-20      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| Premium Green PLC                                | 5 Year Secured Amortizing Floating Rate Note              | CUSIP: 000000000<br>LEI: 5493000S7VTDPDFJCP28 | Long             | SN               | CORP              | IE        |   2931965 | PA      | $2978619.85   | 2.02%             | 2026-11-10      | Variable      | 11.20%                | No            |                  2 | On Loan: No      |
| MSILF Treasury Securities Portfolio              | MSILF Treasury Securities Portfolio                       | CUSIP: 61747C525<br>LEI: 549300OJY9IZ31SGS926 | Long             | STIV             | RF                | US        |   3441123 | NS      | $3441122.52   | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Mespil                                           | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |   5000000 | PA      | $4874500.00   | 3.30%             | 2031-12-08      | Floating      | 12.58%                | No            |                  2 | On Loan: No      |
| Equity Bancshares Inc.                           | Subordinated Term Loan                                    | CUSIP: 29460XAC3<br>LEI: 549300BPQ2EJNU4WF694 | Long             | SN               | CORP              | US        |   5000000 | PA      | $4975000.00   | 3.37%             | 2030-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cedar 5                                          | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Long             | DBT              | CORP              | FR        |   3110000 | PA      | $3329099.50   | 2.25%             | 2027-12-15      | Floating      | 12.56%                | No            |                  3 | On Loan: No      |
| Fidelity Federal Bancorp                         | Fixed Rate Cumulative Perpetual Preferred Stock, Series B | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    200000 | NS      | $193000.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CRAFT                                            | Credit Linked Note                                        | CUSIP: 251541AR9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4418437 | PA      | $4642673.13   | 3.14%             | 2028-04-30      | Floating      | 14.32%                | No            |                  2 | On Loan: No      |
| Muskoka                                          | Guarantee Linked Note                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4000634.56   | 2.71%             | 2024-09-10      | Floating      | 8.55%                 | No            |                  3 | On Loan: No      |
| Colonnade                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9482746.26   | 6.42%             | 2030-04-30      | Floating      | 14.42%                | No            |                  3 | On Loan: No      |
| Future Ready Chakra                              | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4785250.00   | 3.24%             | 2030-12-15      | Floating      | 11.35%                | No            |                  2 | On Loan: No      |
| TransPecos Finanical Corp.                       | Senior Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3880000.00   | 2.63%             | 2028-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FCT Opale                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3978960.55   | 2.69%             | 2030-05-05      | Floating      | 11.76%                | No            |                  2 | On Loan: No      |
| LOFT                                             | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GE        |   2870000 | PA      | $2841300.00   | 1.92%             | 2030-02-28      | Floating      | 10.56%                | No            |                  3 | On Loan: No      |
| Raymond James Financial, Inc.                    | Fixed/Floating Perpetual Preferred Stock, Series A        | CUSIP: 754730307<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EP               | CORP              | US        |     80000 | NS      | $2020800.00   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Castelo                                          | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |   3333726 | PA      | $3446719.38   | 2.33%             | 2037-08-15      | Floating      | 10.74%                | No            |                  2 | On Loan: No      |
| Absolute                                         | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8971945 | PA      | $8773664.60   | 5.94%             | 2025-09-24      | Floating      | 11.86%                | No            |                  2 | On Loan: No      |
| Manitoulin                                       | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2982964.74   | 2.02%             | 2027-11-01      | Floating      | 12.44%                | No            |                  2 | On Loan: No      |
| Syntotta                                         | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1571426 | PA      | $1627463.61   | 1.10%             | 2037-11-04      | Floating      | 10.68%                | No            |                  2 | On Loan: No      |
| Resonance                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1007126 | PA      | $1055169.23   | 0.71%             | 2028-10-05      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| THE ROYAL BANK OF SCOTLAND INTERNATIONAL LIMITED | EUR/USD FORWARD                                           | CUSIP: 000000000<br>LEI: 21380078CCZSEEIIKA41 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-285251.93   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Algonquin                                        | Guarantee Linked Note                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4941347.49   | 3.35%             | 2027-05-01      | Floating      | 11.44%                | No            |                  2 | On Loan: No      |
| Muskoka                                          | Guarantee Linked Note                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2650000 | PA      | $2650916.97   | 1.80%             | 2025-05-10      | Floating      | 12.70%                | No            |                  3 | On Loan: No      |
| THE ROYAL BANK OF SCOTLAND INTERNATIONAL LIMITED | GBP/USD FORWARD                                           | CUSIP: 000000000<br>LEI: 21380078CCZSEEIIKA41 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-89039.87    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Salisbury                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5235795 | PA      | $5981420.99   | 4.05%             | 2027-06-16      | Floating      | 13.93%                | No            |                  2 | On Loan: No      |
| Lorenz                                           | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3211350.00   | 2.17%             | 2025-08-20      | Floating      | 14.51%                | No            |                  3 | On Loan: No      |
| Fidelity Federal Bancorp                         | Fixed Rate Cumulative Perpetual Preferred Stock, Series A | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2789000 | NS      | $2691385.00   | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAKRA                                           | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3920000.00   | 2.65%             | 2027-06-26      | Floating      | 13.84%                | No            |                  3 | On Loan: No      |
| Nightingale LF                                   | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2353342.07   | 1.59%             | 2028-04-01      | Floating      | 12.93%                | No            |                  3 | On Loan: No      |
| Salisbury                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1959645 | PA      | $2291601.68   | 1.55%             | 2027-06-16      | Floating      | 15.53%                | No            |                  2 | On Loan: No      |
| Resonance                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: 9695002OBNIICMSV0B38 | Long             | ABS-O            | CORP              | FR        |   4271961 | PA      | $4484891.50   | 3.04%             | 2029-10-25      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| Premium Green PLC                                | 5 Year Secured Amortizing Floating Rate Note              | CUSIP: 000000000<br>LEI: 5493000S7VTDPDFJCP28 | Long             | SN               | CORP              | IE        |   2367011 | PA      | $2433615.26   | 1.65%             | 2026-06-29      | Variable      | 11.30%                | No            |                  2 | On Loan: No      |
| Tulsa Valley Bancshares                          | Subordinated Term Loan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1453500.00   | 0.98%             | 2028-12-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Colonnade                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $6612954.31   | 4.48%             | 2029-11-30      | Floating      | 15.83%                | No            |                  3 | On Loan: No      |
| LOFT                                             | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | DE        |   6910000 | PA      | $6789075.00   | 4.60%             | 2030-02-28      | Floating      | 22.06%                | No            |                  3 | On Loan: No      |
| FCT Colisee                                      | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | N/A       |   3197692 | PA      | $3375477.00   | 2.29%             | 2023-12-20      | Floating      | 11.81%                | No            |                  2 | On Loan: No      |
| Community Funding 2018, LLC                      | Preferred Shares                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19000000 | PA      | $15253200.00  | 10.33%            | 2028-07-15      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| CRAFT                                            | Credit Linked Note                                        | CUSIP: 25155KAV7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | DE        |   3200000 | PA      | $3104000.00   | 2.10%             | 2031-02-21      | Floating      | 13.19%                | No            |                  3 | On Loan: No      |
| Pymes Magdalena                                  | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: 894500G461D1F4W8Z612 | Long             | ABS-CBDO         | CORP              | ES        |   3674890 | PA      | $3819706.25   | 2.59%             | 2052-12-20      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| Colonnade                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5083062.40   | 3.44%             | 2029-12-15      | Floating      | 16.68%                | No            |                  3 | On Loan: No      |
| Nansa                                            | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | N/A       |   6567447 | PA      | $6878624.04   | 4.66%             | 2026-03-01      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| Start                                            | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4679500.00   | 3.17%             | 2025-06-16      | Floating      | 13.37%                | No            |                  2 | On Loan: No      |
| Elvetia                                          | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   2550000 | PA      | $2757800.25   | 1.87%             | 2025-07-20      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| Colonnade                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $5869667.64   | 3.98%             | 2028-04-30      | Floating      | 16.10%                | No            |                  3 | On Loan: No      |
| Elvetia                                          | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   2000000 | PA      | $2071053.91   | 1.40%             | 2029-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| THE ROYAL BANK OF SCOTLAND INTERNATIONAL LIMITED | CHF/USD FORWARD                                           | CUSIP: 000000000<br>LEI: 21380078CCZSEEIIKA41 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23958.96    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Salisbury                                        | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   4500000 | PA      | $5366504.87   | 3.63%             | 2028-04-17      | Floating      | 12.18%                | No            |                  3 | On Loan: No      |
| Absolute                                         | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4915084 | PA      | $4915083.53   | 3.33%             | 2027-10-10      | Floating      | 15.80%                | No            |                  3 | On Loan: No      |
| Premium Green PLC                                | 5 Year Secured Amortizing Floating Rate Note              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3006641 | PA      | $2942159.24   | 1.99%             | 2024-12-20      | Floating      | 15.26%                | No            |                  2 | On Loan: No      |
| Terra                                            | Credit Linked Note                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10000000 | PA      | $9695500.00   | 6.57%             | 2029-09-25      | Floating      | 11.47%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** ArrowMark Financial Corp.

**Signature:** Patrick J. Farrell

**Name of Signer:** Patrick J. Farrell

**Title:** Chief Financial Officer