# EDGAR Filing Document

**Accession Number:** 0001925779
**File Stem:** 0000910472-25-004718
**Filing Date:** 2025-11
**Character Count:** 42123
**Document Hash:** 80801ecb7feff6f5f1f7c01d50c6a5d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004718.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004718

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Flat Rock Enhanced Income Fund
- **CENTRAL INDEX KEY:** 0001925779

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23798
- **FILM NUMBER:** 251531360

**BUSINESS ADDRESS:**
- **STREET 1:** 680 S CACHE STREET
- **STREET 2:** SUITE 100
- **CITY:** JACKSON
- **STATE:** WY
- **ZIP:** 83001
- **BUSINESS PHONE:** (307) 500-5200

**MAIL ADDRESS:**
- **STREET 1:** 680 S CACHE STREET
- **STREET 2:** SUITE 100
- **CITY:** JACKSON
- **STATE:** WY
- **ZIP:** 83001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Flat Rock Core Plus Fund
- **DATE OF NAME CHANGE:** 20220427

## Nport-Ex

Flat

Rock

Enhanced

Income

Fund

Schedule

of

Investments

September

30,

2025

-

(Unaudited)

COLLATERALIZED

LOAN

OBLIGATIONS

DEBT

(a)(b) —

91.43%

P

ri

nc

i

p

al

Amo

u

nt

F

air

V

alu

e

ABPCI

Direct

Lending

Fund

ABS

II,

LLC,

Series

2022-2A,

Class

C,

8.24%,

3/1/2032

$

4,605,462

$

4,613,877

ABPCI

Direct

Lending

Fund

ABS

III,

LLC,

Series

2023-1A,

Class

ER,

12.31%,

8/1/2035

(3M

US

SOFR

+

800

bps)

(c) 8,750,000

8,750,000

ABPCI

Direct

Lending

Fund

ABS

IV

LP,

Series

2024-1A,

Class

C,

12.13%,

5/1/2034

(3M

US

SOFR

+

783

bps)

(c) 11,000,000

10,998,774

ABPCI

Direct

Lending

Fund

CLO

II,

LLC,

Series

2017-1A,

Class

ERR,

11.83%,

7/20/2037

(3M

US

SOFR

+

750

bps)

(c) 3,500,000

3,587,506

ABPCI

Direct

Lending

Fund

CLO

Ltd.,

Series

2019-5A,

Class

D,

12.46%,

1/20/2036

(3M

US

SOFR

+

813

bps)

(c) 14,000,000

14,216,698

ABPCI

Direct

Lending

Fund

CLO

Ltd.,

Series

2023-16A,

Class

E,

12.91%,

2/1/2036

(3M

US

SOFR

+

861

bps)

(c) 12,000,000

12,197,533

Barings

Middle

Market

CLO

Ltd.,

Series

2023-IIA,

Class

ER,

14.01%,

7/20/2034

(3M

US

SOFR

+

970

bps)

(c) 8,500,000

8,500,000

Barings

Middle

Market

CLO

Ltd.,

Series

2023-IA,

Class

D,

12.95%,

1/20/2036

(3M

US

SOFR

+

862

bps)

(c) 11,500,000

11,682,373

BCC

Middle

Market

CLO,

LLC,

Series

2018-1A,

Class

DR,

12.65%,

4/20/2036

(3M

US

SOFR

+

832

bps)

(c) 10,000,000

10,153,387

BCC

Middle

Market

CLO,

LLC,

Series

2025-2A,

Class

E,

0.00%,

10/22/2037

(3M

US

SOFR

+

650

bps)

(c)(d) 5,000,000

5,000,000

BlackRock

Maroon

Bells

CLO

XI,

LLC,

Series

2022-1A,

Class

ER,

12.09%,

1/15/2038

(3M

US

SOFR

+

777

bps)

(c) 14,500,000

14,700,786

Blackrock

Mt.

Hood

CLO

X,

LLC,

Series

2023-1I,

Class

E,

14.37%,

4/20/2035

(3M

US

SOFR

+

1004

bps)

(c) 654,052

654,084

Blackrock

Mt.

Hood

CLO

X,

LLC,

Series

2023-1A,

Class

E,

14.37%,

4/20/2035

(3M

US

SOFR

+

1004

bps)

(c) 14,622,579

14,623,311

Blackrock

Rainier

CLO

VI

Ltd.,

Series

2021-6A,

Class

ER,

12.58%,

4/20/2037

(3M

US

SOFR

+

825

bps)

(c) 7,000,000

7,110,822

Brightwood

Capital

MM

CLO

Ltd.,

Series

2019-1A,

Class

ER,

12.59%,

10/15/2034

(3M

US

SOFR

+

827

bps)

(c) 18,000,000

18,276,206

Brightwood

Capital

MM

CLO

Ltd.,

Series

2024-2A,

Class

E,

12.87%,

4/15/2036

(3M

US

SOFR

+

855

bps)

(c) 5,000,000

5,083,316

Churchill

Middle

Market

CLO

Ltd.,

Series

2019-1A,

Class

ER,

12.46%,

4/23/2036

(3M

US

SOFR

+

814

bps)

(c) 16,000,000

16,247,973

CIFC-LBC

Middle

Market

CLO,

LLC,

Series

2023-1A,

Class

E,

13.63%,

10/20/2035

(3M

US

SOFR

+

930

bps)

(c) 3,750,000

3,817,234

Fortress

Credit

Opportunities

XIX

CLO,

LLC,

Series

2022-19A,

Class

ER,

12.32%,

10/15/2036

(3M

US

SOFR

+

800

bps)

(c) 14,000,000

14,279,415

Fortress

Credit

Opportunities

XXI

CLO,

LLC,

Series

2023-21A,

Class

ER,

11.58%,

1/21/2037

(3M

US

SOFR

+

725

bps)

(c) 14,000,000

14,193,217

Fortress

Credit

Opportunities

XXV

CLO,

LLC,

Series

2024-25A,

Class

E,

11.82%,

1/15/2037

(3M

US

SOFR

+

750

bps)

(c) 4,000,000

4,020,000

Great

Lakes

CLO

Ltd.,

Series

2015-1A,

Class

ER,

11.94%,

1/16/2030

(3M

US

SOFR

+

736

bps)

(c) 25,270,000

25,270,001

Great

Lakes

CLO

Ltd.,

Series

2021-5A,

Class

E,

12.08%,

4/15/2033

(3M

US

SOFR

+

776

bps)

(c) 9,950,000

9,950,000

Flat

Rock

Enhanced

Income

Fund

Schedule

of

Investments

(continued)

September

30,

2025

-

(Unaudited)

COLLATERALIZED

LOAN

OBLIGATIONS

DEBT

(a)(b) —

91.43%

-

continued

P

ri

nc

i

p

al

Amo

u

nt

F

air

V

alu

e

Great

Lakes

CLO

Ltd.,

Series

2019-1A,

Class

ERR,

11.82%,

4/15/2037

(3M

US

SOFR

+

750

bps)

(c) $

8,500,000

$

8,713,758

Great

Lakes

CLO

VI,

LLC,

Series

2021-6A,

Class

ER,

12.14%,

7/15/2037

(3M

US

SOFR

+

782

bps)

(c) 10,047,500

10,192,954

Great

Lakes

KCAP

F3C

Senior,

LLC,

Series

2017-1A,

Class

E,

11.77%,

12/20/2029

(3M

US

SOFR

+

750

bps)

(c) 13,500,000

13,551,300

Guggenheim

Corp.

Funding,

Series

2023-6A,

Class

E,

13.43%,

1/25/2036

(3M

US

SOFR

+

911

bps)

(c) 7,500,000

7,633,541

Guggenheim

MM

CLO

Ltd.,

Series

2021-4A,

Class

ER,

0.00%,

10/15/2037

(3M

US

SOFR

+

725

bps)

(c)(d) 11,880,000

11,880,000

HPS

Private

Credit

CLO,

LLC,

Series

2024-2A,

Class

E,

12.33%,

5/15/2036

(3M

US

SOFR

+

812

bps)

(c) 16,000,000

16,240,520

HPS

Private

Credit

CLO,

LLC,

Series

2023-1A,

Class

ER,

11.29%,

10/15/2037

(3M

US

SOFR

+

700

bps)

(c) 16,500,000

16,744,487

Jefferies

Credit

Partners

Direct

Lending

CLO

Ltd.,

Series

2024-1A,

Class

E,

12.57%,

7/25/2036

(3M

US

SOFR

+

825

bps)

(c) 1,200,000

1,218,841

Lake

Shore

MM

CLO

II

Ltd.,

Series

2019-2A,

Class

ERR,

12.97%,

10/17/2031

(3M

US

SOFR

+

865

bps)

(c) 18,000,000

18,292,494

Lake

Shore

MM

CLO

IV

Ltd.,

Series

2021-1A,

Class

ER,

12.88%,

1/15/2037

(3M

US

SOFR

+

856

bps)

(c) 5,488,000

5,575,225

Lake

Shore

MM

CLO

V,

LLC,

Series

2022-1A,

Class

CR,

12.63%,

1/15/2037

(3M

US

SOFR

+

831

bps)

(c) 18,800,000

19,297,236

Maranon

Loan

Funding

Ltd.,

Series

2021-3A,

Class

ER,

12.14%,

10/15/2036

(3M

US

SOFR

+

782

bps)

(c) 19,700,000

19,988,130

Maranon

Loan

Funding

Ltd.,

Series

2022-1A,

Class

ER,

11.07%,

4/15/2037

(3M

US

SOFR

+

675

bps)

(c) 19,800,000

20,037,107

Maranon

Loan

Funding

Ltd.,

Series

2023-1A,

Class

ER,

12.08%,

7/15/2037

(3M

US

SOFR

+

775

bps)

(c) 18,000,000

18,253,600

Maranon

Loan

Funding

Ltd.,

Series

2025-1A,

Class

E,

10.97%,

10/15/2037

(3M

US

SOFR

+

700

bps)

(c) 7,000,000

7,104,872

MCF

CLO

IV,

LLC,

Series

2014-1A,

Class

ERR,

13.24%,

10/20/2033

(3M

US

SOFR

+

865

bps)

(c) 2,000,000

2,000,000

MCF

CLO

IV,

LLC,

Series

2014-1A,

Class

ER3,

0.00%,

10/16/2037

(3M

US

SOFR

+

675

bps)

(c) (d) 4,000,000

4,000,000

MCF

CLO

VIII

Ltd.,

Series

2018-1A,

Class

ER,

12.33%,

4/18/2036

(3M

US

SOFR

+

800

bps)

(c) 2,675,000

2,727,163

MCF

CLO,

LLC,

Series

2019-1A,

Class

ER,

12.38%,

4/17/2036

(3M

US

SOFR

+

891

bps)

(c) 5,000,000

5,099,566

Monroe

Capital

MML

CLO

Ltd.,

Series

2019-2A,

Class

E,

13.29%,

10/22/2031

(3M

US

SOFR

+

896

bps)

(c) 7,000,000

7,120,523

Monroe

Capital

MML

CLO

Ltd.,

Series

2021-1A,

Class

E,

13.01%,

5/20/2033

(3M

US

SOFR

+

880

bps)

(c) 6,540,000

6,540,000

Monroe

Capital

MML

CLO

Ltd.,

Series

2019-1X,

Class

ER,

12.83%,

11/22/2033

(3M

US

SOFR

+

862

bps)

(c) 2,000,000

2,031,736

Monroe

Capital

MML

CLO

Ltd.,

Series

2023-1A,

Class

E,

13.41%,

9/23/2035

(3M

US

SOFR

+

909

bps)

(c) 3,000,000

3,000,000

Flat

Rock

Enhanced

Income

Fund

Schedule

of

Investments

(continued)

September

30,

2025

-

(Unaudited)

COLLATERALIZED

LOAN

OBLIGATIONS

DEBT

(a)(b) —

91.43%

-

continued

P

ri

nc

i

p

al

Amo

u

nt

F

air

V

alu

e

Monroe

Capital

MML

CLO

Ltd.,

Series

2024-1A,

Class

E,

12.11%,

7/23/2036

(3M

US

SOFR

+

779

bps)

(c) $

28,000,000

$

28,423,465

Monroe

Capital

MML

CLO

VIII

Ltd.,

Series

2019-1A,

Class

ER,

12.83%,

11/22/2033

(3M

US

SOFR

+

862

bps)

(c) 4,200,000

4,266,645

Monroe

Capital

MML

CLO

X

Ltd.,

Series

2020-1A,

Class

ER2,

12.06%,

8/20/2037

(3M

US

SOFR

+

775

bps)

(c) 16,000,000

16,229,526

Monroe

Capital

MML

CLO

XVII

Ltd.,

Series

2024-2A,

Class

E,

12.23%,

1/15/2037

(3M

US

SOFR

+

790

bps)

(c) 14,000,000

14,367,329

Mount

Logan

Funding

LP,

Series

2018-1A,

Class

ER,

13.05%,

1/22/2033

(3M

US

SOFR

+

872

bps)

(c) 2,000,000

2,034,529

PennantPark

CLO

V

Ltd.,

Series

2022-5A,

Class

ER,

12.27%,

10/15/2033

(3M

US

SOFR

+

795

bps)

(c) 6,000,000

6,097,507

TCP

Whitney

CLO

Ltd.,

Series

2017-1A,

Class

ER2,

11.81%,

11/20/2037

(3M

US

SOFR

+

775

bps)

(c) 17,050,000

17,289,140

VCP

RRL

ABS

II

Ltd.,

Series

2022-1A,

Class

CR,

11.58%,

7/20/2035

(3M

US

SOFR

+

725

bps)

(c) 11,740,590

11,740,590

VCP

RRL

ABS

IV,

LLC,

Series

2025-1A,

Class

C,

11.73%,

4/20/2035

(3M

US

SOFR

+

740

bps)

(c) 11,285,435

11,274,908

TOTAL

COLLATERALIZED

LOAN

OBLIGATIONS

DEBT

(Cost $566,512,256)

576,893,205

FEEDER

FUND

INVESTMENT

–

DEBT

(a)(b)(c)(e)

—

7.41%

Bain

Capital

Global

Direct

Lending

Fund

U

II

RN

LP,

Series

2025-1A,

Class

D,

12.29%,

6/18/2036

(3M

US

SOFR

+

800

bps)

16,807,901

16,757,477

Guggenheim

Invest

Private

Debt

Fund

IV

Feeder,

LLC,

Series

2025-1A,

Class

C,

11.55%,

4/10/2038

(3M

US

SOFR

+

750

bps)

12,111,729

12,111,729

Guggenheim

Invest

Private

Debt

Fund

IV

Feeder,

LLC,

Series

2025-1A,

Class

D,

12.69%,

4/10/2038

(3M

US

SOFR

+

864

bps)

18,167,594

17,895,080

TOTAL

FEEDER

FUND

INVESTMENT

-

DEBT

(Cost $46,663,739)

46,764,286

FEEDER

FUND

INVESTMENT

–

EQUITY

(a)(b)(f)

—

0.59%

Bain

Capital

Global

Direct

Lending

Fund

U

II

RN

LP,

Series

2025-1A,

Subordinated

Notes,

16.50%,

6/18/2036

4,045,129

3,741,745

TOTAL

FEEDER

FUND

INVESTMENT

-

EQUITY

(Cost $3,741,745)

3,741,745

SHORT-TERM

INVESTMENTS

-

4.44%

Sh

ar

e

s

MONEY

MARKET

FUNDS

-

4.44%

First

American

Government

Obligations

Fund,

Class

X,

4.05%

(g) 28,003,446

28,003,446

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$28,003,446)

28,003,446

TOTAL

INVESTMENTS

—

103.87%

(Cost

$644,921,186)

655,402,682

Liabilities

in

Excess

of

Other

Assets — (3.87)%

(24,419,652)

NET

ASSETS

—

100.00%

$

630,983,030

Flat

Rock

Enhanced

Income

Fund

Schedule

of

Investments

(continued)

September

30,

2025

-

(Unaudited)

Investment

Abbreviations:

SOFR

–

Secured

Overnight

Financing

Rate

Reference

Rates:

3M

US

SOFR

–

Month

SOFR

as

of

September

30,

2025

was

3.98%.

(a) The

level

assets

were

a

result

of

unavailable

quoted

prices

from

an

active

market

or

the

unavailability

of

other

significant

observable

inputs.

(b) Securities

exempt

from

registration

under

the

Securities

Act

of

1933,

and

are

deemed

to

be

"restricted"

securities.

As

of

September

30,

2025,

the

total

fair

value

of

these

securities

amounts

to

$627,399,236,

which

represents

99.43%

of

net

assets.

(c) Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

September

30,

2025. For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(d) Purchase

of

this

security

was

settled

after

September

30,

2025. (e) Debt

tranches

in

securitizations

of

limited

partnership

interests

in

a

loan

fund

("Feeder

Fund

Investments

—

Debt")

are

entitled

to

contractual

interest

payments

derived

from

the

cash

flows

generated

by

the

underlying

loan

fund.

As

of

September

30,

2025,

the

total

fair

value

of

Feeder

Fund

Investments

—

Debt

was

$46,764,286,

representing

7.41%

of

net

assets.

(f) Equity

tranches

in

securitizations

of

limited

partnership

interests

in

a

loan

fund

("Feeder

Fund

Investment

—

Equity")

are

entitled

to

recurring

distributions

which

are

generally

equal

to

the

remaining

cash

flow

of

payments

made

by

the

underlying

loan

fund

less

contractual

payments

to

debt

holders

and

fund

expenses.

The

effective

yield

is

estimated

based

upon

the

current

projections

of

the

amount

and

timing

of

these

recurring

distributions

in

addition

to

the

estimated

amount

of

the

terminal

principal

payment.

Effective

yields

are

generally

updated

once

a

quarter

or

in

connection

with

events

such

as

an

add-on

purchase,

refinancing

or

reset.

The

estimated

yield

and

investment

cost

may

ultimately

not

be

realized.

As

of

September

30,

2025,

the

total

fair

value

of

Feeder

Fund

Investments

—

Equity

was

$3,741,745,

representing

0.59%

of

net

assets.

(g) Rate

disclosed

is

the

seven

day

effective

yield

as

of

September

30,

2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Flat Rock Enhanced Income Fund

- **b. Investment Company Act file number:** 811-23798

- **c. CIK number of Registrant:** 0001925779

- **d. LEI of Registrant:** 549300JNBO5GRN6P7491

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

  - **Street Address 1:** 680 S. Cache Street

  - **City:** Jackson

  - **State:** WY

  - **Foreign country:** US

  - **Zip / Postal Code:** 83001

  - **Telephone number:** 307-500-5200

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

- **a. Name of Series:** Flat Rock Enhanced Income Fund

- **c. LEI of Series:** 549300JNBO5GRN6P7491

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $667549128.08

**Total Liabilities:** $36906351.37

**Net Assets:** $630642776.71

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 0.00000000 | **1-Year:** 771.63124599 | **5-Year:** 9942.86271612 | **10-Year:** 131984.07363682 | **30-Year:** 6858.42960113

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.82%                | 1.23%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-32811.28                                 |
| Month 2  | $0.00                    | $2622383.15                                |
| Month 3  | $0.00                    | $240732.03                                 |

### Schedule of Portfolio Investments

| Name                                                                          | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                           | Barings Middle Market CLO Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |  11500000 | PA      | $11682372.75  | 1.85%             | 2036-01-20      | Floating      | 12.95%                | Yes           |                  3 | On Loan: No      |
| FORTRESS CR OPPORT CLO 2024-25                                                | Fortress Credit Opportunities XXV CLO LLC          | CUSIP: 34966QAL7<br>LEI: 254900LX330DUDQM5Y53 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4020000.00   | 0.64%             | 2037-01-15      | Floating      | 11.82%                | Yes           |                  3 | On Loan: No      |
| Monroe Capital Mml CLO IX Ltd.                                                | Monroe Capital MML CLO IX Ltd.                     | CUSIP: 61033XAA8<br>LEI: 549300GARKU58L8MSR11 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7120522.50   | 1.13%             | 2031-10-22      | Floating      | 13.29%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | BlackRock Maroon Bells CLO XI LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |  14500000 | PA      | $14700785.85  | 2.33%             | 2038-01-15      | Floating      | 12.09%                | Yes           |                  3 | On Loan: No      |
| MOUNT LOGAN FUNDING 2018-1 LP                                                 | Mount Logan Funding LP                             | CUSIP: 62188AAA9<br>LEI: 54930018JSRPYZJUUR90 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2034528.80   | 0.32%             | 2033-01-22      | Floating      | 13.05%                | Yes           |                  3 | On Loan: No      |
| GREAT LAKES CLO V LTD                                                         | Great Lakes Bancorp                                | CUSIP: 39056LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9950000 | PA      | $9950000.00   | 1.58%             | 2033-04-15      | Floating      | 12.08%                | Yes           |                  3 | On Loan: No      |
| FORT CR OPP XIX CLO LD 2022-19                                                | Fortress Credit Opportunities XIX CLO LLC          | CUSIP: 34964RAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14000000 | PA      | $14279414.80  | 2.26%             | 2036-10-15      | Floating      | 12.32%                | Yes           |                  3 | On Loan: No      |
| BLACKROCK MT HOOD CLO LLC                                                     | Blackrock Mt. Hood CLO X LLC                       | CUSIP: 09263GAX5<br>LEI: 549300N3N5OOLMSHXG32 | Long             | ABS-CBDO         | CORP              | KY        |    654052 | PA      | $654084.42    | 0.10%             | 2035-04-20      | Floating      | 14.37%                | Yes           |                  3 | On Loan: No      |
| CHURCHILL MIDDLE MKT 2019-4R                                                  | Churchill Middle Market CLO Ltd.                   | CUSIP: 171510AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  16000000 | PA      | $16247974.40  | 2.58%             | 2036-04-23      | Floating      | 12.46%                | Yes           |                  3 | On Loan: No      |
| BLACKROCK RAINIER CLO VI. LTD.                                                | Blackrock Rainier CLO VI Ltd.                      | CUSIP: 09261MBC9<br>LEI: 549300HF4E86WXQDUX86 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7110821.90   | 1.13%             | 2037-04-20      | Floating      | 12.58%                | Yes           |                  3 | On Loan: No      |
| LAKE SHORE MM CLO V LLC                                                       | Lake Shore MM CLO V LLC                            | CUSIP: 51076LAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18800000 | PA      | $19297235.56  | 3.06%             | 2037-01-15      | Floating      | 12.63%                | Yes           |                  3 | On Loan: No      |
| Mcf Clo Iv Llc                                                                | MCF CLO IV LLC                                     | CUSIP: 55280HBU0<br>LEI: 549300SYEBIYQWJN7391 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.63%             | 2037-10-16      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | ABPCI Direct Lending Fund CLO                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |  14000000 | PA      | $14216697.60  | 2.25%             | 2036-01-20      | Floating      | 12.46%                | Yes           |                  3 | On Loan: No      |
| HPS PRIVATE CREDIT CLO 2024-2  LLC                                            | HPS Private Credit CLO                             | CUSIP: 40443QAJ2<br>LEI: 5493000G5SCTMJLGAQ46 | Long             | ABS-CBDO         | CORP              | KY        |  16000000 | PA      | $16240520.00  | 2.58%             | 2036-05-15      | Floating      | 12.33%                | Yes           |                  3 | On Loan: No      |
| ABPCI DIRECT LENDING FUND ABS III L                                           | ABPCI Direct Lending Fd Abs III LLC                | CUSIP: 00090RBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8750000 | PA      | $8750000.00   | 1.39%             | 2035-08-01      | Floating      | 12.31%                | Yes           |                  3 | On Loan: No      |
| Brightwood Capital Mm CLO 2019-1 Ltd.                                         | Brightwood Capital MM CLO Ltd.                     | CUSIP: 10948TAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $18276206.40  | 2.90%             | 2034-10-15      | Floating      | 12.59%                | Yes           |                  3 | On Loan: No      |
| MARANON LOAN FUNDING 2025-1                                                   | Maranon Loan Funding Ltd.                          | CUSIP: 56575QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7104871.90   | 1.13%             | 2037-10-15      | Floating      | 10.97%                | Yes           |                  3 | On Loan: No      |
| Brightwood Cap MM Clo 2024-2 Ltd. / Brightwood Cap MM Clo 2024-2 LLC          | Brightwood Capital MM CLO Ltd.                     | CUSIP: 10950CAA0<br>LEI: 2549000G72BYQPXZVH78 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5083316.00   | 0.81%             | 2036-04-15      | Floating      | 12.87%                | Yes           |                  3 | On Loan: No      |
| VCP RRL ABS II LTD                                                            | VCP RRL ABS II Ltd.                                | CUSIP: 91824XBA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11740590 | PA      | $11740589.92  | 1.86%             | 2035-07-20      | Floating      | 11.58%                | Yes           |                  3 | On Loan: No      |
| Fortress Credit Opportunities XXI CLO LLC                                     | Fortress Credit Opportunities XXI CLO LLC          | CUSIP: 34964UAY2<br>LEI: 254900WDNXJI5BDB6170 | Long             | ABS-CBDO         | CORP              | KY        |  14000000 | PA      | $14193216.80  | 2.25%             | 2037-01-21      | Floating      | 11.58%                | Yes           |                  3 | On Loan: No      |
| MONR CAP CLO VIII LTD 2019-8R                                                 | Monroe Capital MML CLO VIII Ltd.                   | CUSIP: 61034TAE8<br>LEI: 254900CN59JSSABI7X69 | Long             | ABS-CBDO         | CORP              | KY        |   4200000 | PA      | $4266645.18   | 0.68%             | 2033-11-22      | Floating      | 12.83%                | Yes           |                  3 | On Loan: No      |
| First American Funds Inc.                                                     | First American Government Obligations Fund         | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  28003446 | PA      | $28003445.53  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GUGGENHEIM INVTS PRI DEBT FD IV                                               | Guggenheim Invest Private Dbt Fd IV Feeder LLC     | CUSIP: 40190AAU7<br>LEI: N/A                  | Long             |  | PF                | US        |  12111729 | PA      | $12111729.11  | 1.92%             | 2038-04-10      | Floating      | 11.55%                | Yes           |                  3 | On Loan: No      |
| ABPCI DIRECT LENDING FUND CLO XVI L                                           | ABPCI Direct Lending Fund CLO Ltd.                 | CUSIP: 000849AK5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12000000 | PA      | $12197533.20  | 1.93%             | 2036-02-01      | Floating      | 12.91%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | TCP Whitney CLO Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |  17050000 | PA      | $17289139.89  | 2.74%             | 2037-11-20      | Floating      | 11.81%                | Yes           |                  3 | On Loan: No      |
| GUGGENHEIM INVTS PRI DEBT FD IV                                               | Guggenheim Invest Private Dbt Fd IV Feeder LLC     | CUSIP: 40190ABA0<br>LEI: N/A                  | Long             |  | PF                | US        |  18167594 | PA      | $17895079.76  | 2.84%             | 2038-04-10      | Floating      | 12.69%                | Yes           |                  3 | On Loan: No      |
| MONR CAP CLO VIII LTD 2019-8R                                                 | Monroe Capital MML Ltd.                            | CUSIP: G62746AC9<br>LEI: 254900CN59JSSABI7X69 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2031735.80   | 0.32%             | 2033-11-22      | Floating      | 12.83%                | Yes           |                  3 | On Loan: No      |
| HPS PRI CR CLO LLC 2023-1                                                     | HPS Private Credit CLO 2023-1 LLC                  | CUSIP: 44328JBH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  16500000 | PA      | $16744487.10  | 2.66%             | 2037-10-15      | Floating      | 11.29%                | Yes           |                  3 | On Loan: No      |
| Maranon Loan Funding 2021-3 Ltd.                                              | Maranon Loan Funding Ltd.                          | CUSIP: 56577NBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  19700000 | PA      | $19988130.23  | 3.17%             | 2036-10-15      | Floating      | 12.14%                | Yes           |                  3 | On Loan: No      |
| BLACKROCK MT HOOD CLO LLC                                                     | Blackrock Mt. Hood CLO X LLC                       | CUSIP: 09263GAW7<br>LEI: 549300N3N5OOLMSHXG32 | Long             | ABS-CBDO         | CORP              | KY        |  14622579 | PA      | $14623310.62  | 2.32%             | 2035-04-20      | Floating      | 14.37%                | Yes           |                  3 | On Loan: No      |
| Great Lakes CLO 2015-1 Ltd. / Great Lakes CLO 2015-1 LLC                      | Great Lakes CLO 2015-1 Ltd.                        | CUSIP: 39055UAG0<br>LEI: 254900UMQFTNXVG0A761 | Long             | ABS-CBDO         | CORP              | KY        |  25270000 | PA      | $25270000.00  | 4.01%             | 2030-01-16      | Floating      | 11.94%                | Yes           |                  3 | On Loan: No      |
| Mcf Clo Iv Llc                                                                | MCF CLO IV LLC                                     | CUSIP: 55280HBE6<br>LEI: 549300SYEBIYQWJN7391 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.32%             | 2033-10-20      | Floating      | 13.24%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | Lake Shore MM CLO II Ltd.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $18292494.60  | 2.90%             | 2031-10-17      | Floating      | 12.97%                | Yes           |                  3 | On Loan: No      |
| BCC MIDDLE MARKET CLO 2018-1 L                                                | BCC Middle Market CLO LLC                          | CUSIP: 055328AW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10153387.00  | 1.61%             | 2036-04-20      | Floating      | 12.65%                | Yes           |                  3 | On Loan: No      |
| Abpci Direct Lending Fund ABS II LLC                                          | ABPCI Direct Lending Fund ABS II LLC               | CUSIP: 00090NAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4605462 | PA      | $4613877.20   | 0.73%             | 2032-03-01      | Fixed         | 8.24%                 | Yes           |                  3 | On Loan: No      |
| GUGGENHEIM MM CLO 2019-2. LTD                                                 | Guggenheim Corporate Funding                       | CUSIP: 40171BAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7633540.50   | 1.21%             | 2036-01-25      | Floating      | 13.43%                | Yes           |                  3 | On Loan: No      |
| Kcap Senior Fund                                                              | Great Lakes Kcap F3c Senior LLC                    | CUSIP: 48669RAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13500000 | PA      | $13551300.00  | 2.15%             | 2029-12-20      | Floating      | 11.76%                | Yes           |                  3 | On Loan: No      |
| ABPCI Direct Lending Fund ABS IV LP                                           | ABPCI Direct Lending Fund ABS IV LP                | CUSIP: 00092FAG0<br>LEI: 254900SYCJCYTK7KQI41 | Long             | ABS-CBDO         | CORP              | KY        |  11000000 | PA      | $10998773.50  | 1.74%             | 2034-05-01      | Floating      | 12.13%                | Yes           |                  3 | On Loan: No      |
| VCP RRL ABS IV LLC                                                            | VCP RRL ABS IV LLC                                 | CUSIP: 91825NAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11285435 | PA      | $11274908.01  | 1.79%             | 2035-04-20      | Floating      | 11.73%                | Yes           |                  3 | On Loan: No      |
| BCC MIDDLE MARKET CLO 2025-2 LLC                                              | BCC Middle Market CLO 2025-2 LLC                   | CUSIP: 055330AN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.79%             | 2037-10-22      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| LAKE SHORE MM CLO 2021-4R LTD                                                 | Lake Shore MM CLO IV Ltd.                          | CUSIP: 510758AL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5488000 | PA      | $5575225.17   | 0.88%             | 2037-01-15      | Floating      | 12.88%                | Yes           |                  3 | On Loan: No      |
| Monroe Capital Mml Clo                                                        | BlackRock Maroon Bells CLO LLC                     | CUSIP: 61033YAS7<br>LEI: 635400TBPZJGNQT3WB33 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.48%             | 2035-09-23      | Floating      | 13.41%                | Yes           |                  3 | On Loan: No      |
| MONROE CAPMML CLO LTD 2024-16                                                 | Monroe Capital MML CLO Ltd.                        | CUSIP: 61034EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  28000000 | PA      | $28423466.40  | 4.51%             | 2036-07-23      | Floating      | 12.11%                | Yes           |                  3 | On Loan: No      |
| GUGGENHEIM MM CLO 2021-4 LTD                                                  | Guggenheim MM CLO 2021-4 Ltd.                      | CUSIP: 40169CBA3<br>LEI: 254900FJRBAK7D39XU52 | Long             | ABS-CBDO         | CORP              | KY        |  11880000 | PA      | $11880000.00  | 1.88%             | 2037-10-15      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Maranon Loan Funding 2023-1 Ltd. / Maranon Loan Funding 2023-1 LLC            | Maranon Loan Funding 2023-1 Ltd.                   | CUSIP: 56575VAY4<br>LEI: 213800KVZIWWBC31XV41 | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $18253600.20  | 2.89%             | 2037-07-15      | Floating      | 12.08%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | PennantPark CLO V Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6097507.20   | 0.97%             | 2033-10-15      | Floating      | 12.27%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | Maranon Loan Funding 2022-1 LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |  19800000 | PA      | $20037106.98  | 3.18%             | 2037-04-15      | Floating      | 11.07%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | Bain Capital Global Direct Lending Fund U II RN LP | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  16807901 | PA      | $16757477.53  | 2.66%             | 2036-06-18      | Floating      | 12.29%                | Yes           |                  3 | On Loan: No      |
| Monroe Capital MML Clo 2017-1 Ltd.                                            | Monroe Capital Mml Clo X Ltd.                      | CUSIP: 61034UBA2<br>LEI: 5493006UQZL8BZLQCE22 | Long             | ABS-CBDO         | CORP              | KY        |  16000000 | PA      | $16229526.40  | 2.57%             | 2037-08-20      | Floating      | 12.06%                | Yes           |                  3 | On Loan: No      |
| Great Lakes Clo Vi LLC                                                        | Great Lakes CLO VI LLC                             | CUSIP: 39057WAV1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10047500 | PA      | $10192953.64  | 1.62%             | 2037-07-15      | Floating      | 12.14%                | Yes           |                  3 | On Loan: No      |
| Barings Middle Market CLO 2023-11 Ltd / Barings Middle Market CLO 2023-II LLC | Barings Middle Market CLO 2023-II Ltd.             | CUSIP: 067922AG9<br>LEI: 2549007Y0JXPKK7NLK37 | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8500000.00   | 1.35%             | 2034-07-20      | Floating      | 14.01%                | Yes           |                  3 | On Loan: No      |
| MONROE CAP MML CLO XVII LTD/LLC                                               | Monroe Capital Mml Clo XVII Ltd.                   | CUSIP: 61035GAA3<br>LEI: 2138003NTU878X7J9T41 | Long             | ABS-CBDO         | CORP              | KY        |  14000000 | PA      | $14367329.20  | 2.28%             | 2037-01-15      | Floating      | 12.23%                | Yes           |                  3 | On Loan: No      |
| N/A                                                                           | ABPCI Direct Lending Fund CLO II LLC               | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3587505.95   | 0.57%             | 2037-07-20      | Floating      | 11.83%                | Yes           |                  3 | On Loan: No      |
| MCF CLO IX LTD                                                                | MCF CLO LLC                                        | CUSIP: 55282EAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5099566.00   | 0.81%             | 2036-04-17      | Floating      | 12.38%                | Yes           |                  3 | On Loan: No      |
| Bain Capital Global Direct Lending Fund U II RN LP                            | Bain Capital Global Direct Lending Fund U II RN LP | CUSIP: 05682DAJ4<br>LEI: 2549007CLJSSCUJQ4215 | Long             |  | PF                | US        |   4045129 | PA      | $3741744.57   | 0.59%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MCF CLO VIII LTD / MCF CLO VIII LLC                                           | MCF CLO VIII Ltd                                   | CUSIP: 55281QAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2675000 | PA      | $2727162.50   | 0.43%             | 2036-04-18      | Floating      | 12.33%                | Yes           |                  3 | On Loan: No      |
| MONROE CAPITAL MML LTD 2021-11                                                | Monroe Capital MML Ltd.                            | CUSIP: 61034PAA4<br>LEI: 549300JM3KC77XXZOT62 | Long             | ABS-CBDO         | CORP              | KY        |   6540000 | PA      | $6540000.00   | 1.04%             | 2033-05-20      | Floating      | 13.01%                | Yes           |                  3 | On Loan: No      |
| JEFFERIES CR CLO 2024-I LTD/LLC                                               | Jefferies Credit Partners Direct Lending CLO Ltd.  | CUSIP: 47234UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1218841.44   | 0.19%             | 2036-07-25      | Floating      | 12.57%                | Yes           |                  3 | On Loan: No      |
| Great Lakes CLO 2019-1 Ltd. / Great Lakes CLO 2019-1 LLC                      | Great Lakes CLO 2019-1 Ltd.                        | CUSIP: 39057PAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8713758.00   | 1.38%             | 2037-04-15      | Floating      | 11.82%                | Yes           |                  3 | On Loan: No      |
| CIFC- LBC Middle Marlet Clo 2023-1 LLC                                        | CIFC-LBC Middle Market CLO LLC                     | CUSIP: 171937AL9<br>LEI: 635400LA3L2WL5YSI785 | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3817233.75   | 0.61%             | 2035-10-20      | Floating      | 13.63%                | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Flat Rock Enhanced Income Fund

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller