# EDGAR Filing Document

**Accession Number:** 0001966776
**File Stem:** 0000940400-25-011535
**Filing Date:** 2025-11
**Character Count:** 74392
**Document Hash:** fae30785deceb0a2d88828cdf45982a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011535.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011535

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KKR Asset-Based Income Fund
- **CENTRAL INDEX KEY:** 0001966776

**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:** 811-23871
- **FILM NUMBER:** 251534555

**BUSINESS ADDRESS:**
- **STREET 1:** 555 CALIFORNIA STREET, 50TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** (415) 315-3620

**MAIL ADDRESS:**
- **STREET 1:** 555 CALIFORNIA STREET, 50TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

## Nport-Ex

---

| | | |
|:---|:---|:---|
| ![LOGO](g78149g59v56.jpg) | Asset-Based Income Fund | September 30, 2025 (Unaudited) |
| ![LOGO](g78149g59v56.jpg) |  |  |

---

**Schedule of Investments** 

***(in thousands, except share data)***

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Effective<br>Interest Rate** | **Maturity Date** | **Par** | **Fair Value** |
|  **Asset-Backed Securities — 31.7%** |  |  |  |  |  |
|  Auto Loan — 0.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Funding Auto Loan Trust *(a)* | Class D, Series 2025-1 | 5.79% | 1/15/2036 | 945 | $957 |
|  Data Center — 2.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centersquare Issuer LLC | Class A2, Series 2025-4A | 5.20% | 8/25/2055 | 12645 | 11950 |
|  Fiber — 2.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Metro Communications Issuer LLC *(b)(c)* | Class BI, Series 2025-1A | 7.82% | 2/25/2055 | 1801 | 1847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metro Communications Issuer LLC *(b)(c)* | Class A2I, Series 2025-1A | 6.51% | 2/25/2055 | 9880 | &nbsp;&nbsp;&nbsp;&nbsp;10121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metro Communications Issuer LLC *(a)(b)(d)(f)* | Class A2II, Series 2025-1A | 6.04% | 2/25/2055 | 3002 | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metro Communications Issuer LLC *(a)(b)(d)(f)* | Class BII, Series 2025-1A | 7.39% | 2/25/2055 | 546 | 196 |
|  Fund Finance — 2.6% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Mountain Guardian IV Rated Feeder III Ltd. *(a)(b)(d)(f)* | Class A1, Series 2024-2A | 7.50% (SOFR + 3.20%) | 11/19/2037 | 20000 | 14403 |
|  Infrastructure Credit — 0.7% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Identity Digital Capital LLC *(b)(c)* | Class A2, Series 2025-1 | 6.79% | 3/20/2065 | 4003 | 4073 |
|  Music IP — 1.8% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lyra Music Assets Delaware LP *(c)* | Class A2, Series 2024-3A | 5.76% | 12/22/2064 | 9986 | 10144 |
|  Point of Sale — 0.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunbit Asset Securitization Trust *(a)* | Class B, Series 2025-1 | 5.69% | 7/15/2030 | 1115 | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunbit Asset Securitization Trust *(a)* | Class C, Series 2025-1 | 6.12% | 7/15/2030 | 459 | 462 |
|  Rooftop Solar Lease — 9.0% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SSI ABS Issuer LLC *(a)* | Class A, Series 2025-1 | 6.15% | 7/25/2065 | 3027 | 3070 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSI ABS Issuer LLC *(a)* | Class B, Series 2025-1 | 7.82% | 7/25/2065 | 2845 | 2887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunnova Energy Corp. *(b)* | Class A, Series 2024-3 | 6.45% | 7/30/2059 | 19805 | 19368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunnova Energy Corp. *(b)* | Class B, Series 2024-3 | 8.78% | 7/30/2059 | 869 | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunnova SOL IX Issuer LLC *(b)(c)* | Class A, Series 2025-1 | 6.28% | 1/30/2060 | 8757 | 8541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunnova SOL IX Issuer LLC *(b)(c)* | Class B, Series 2025-1 | 8.65% | 1/30/2060 | 670 | 657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun Demeter Issuer LLC *(a)* | Class A, Series 2021-2A | 2.27% | 1/30/2057 | 10216 | 9203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun Lucius Issuer LLC *(a)* | Class A1, Series 2025-3A | 6.15% | 1/30/2061 | 4921 | 4919 |
|  Single Family Rental — 5.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMSR Trust *(a)* | Class E2, Series 2022-SFR3 | 4.00% | 10/17/2039 | 1250 | 1209 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMSR Trust *(a)* | Class E2, Series 2023-SFR1 | 4.00% | 4/17/2040 | 5939 | 5649 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstKey Homes Trust *(a)* | Class E2, Series 2022-SFR3 | 3.50% | 7/17/2038 | 20000 | 19583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progress Residential Trust *(a)* | Class E2, Series 2023-SFR1 | 6.60% | 3/17/2040 | 2500 | 2514 |
|  Small Business Loans — 0.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Libertas Asset Securitization LLC *(a)* | Class A, Series 2025-1A | 6.34% | 1/15/2031 | 461 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Libertas Asset Securitization LLC *(a)* | Class B, Series 2025-1A | 6.54% | 1/15/2031 | 369 | 372 |
|  SME Short Term — 2.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; KCG Securitization LLC *(a)(b)* | Class A, Series 2024-1A | 8.23% | 9/17/2029 | 938 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mulligan Asset Securitization II LLC *(a)* | Class A, Series 2024-1 | 6.00% | 10/15/2031 | 9500 | 9540 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFS Asset Securitization V LLC *(a)* | Class B, Series 2025-1 | 6.20% | 5/15/2032 | 1250 | 1258 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFS Asset Securitization V LLC *(a)* | Class C, Series 2025-1 | 7.65% | 5/15/2032 | 1000 | 1007 |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g78149g59v56.jpg) | Asset-Based Income Fund | September 30, 2025 (Unaudited) |
| ![LOGO](g78149g59v56.jpg) |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Effective<br>Interest Rate** | **Maturity Date** | **Par** | **Fair Value** |
|  Solar Loan — 2.0% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mosaic Solar Loan Trust *(a)* | Class B, Series 2023-3A | 7.37% | 11/20/2053 | 6469 | $6549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunnova Helios XI Issuer LLC *(a)* | Class B, Series 2023-A | 5.60% | 5/20/2050 | 5675 | 4256 |
|  Student Loans — 2.0% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; College Ave Student Loans LLC *(a)* | Class D, Series 2023-A | 6.89% | 5/25/2055 | 1747 | 1789 |
| &nbsp;&nbsp;&nbsp;&nbsp; College Ave Student Loans LLC *(a)* | Class E, Series 2023-A | 8.49% | 5/25/2055 | 3762 | 3884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Navient Education Loan Trust *(a)* | Class D, Series 2025-A | 6.03% | 10/17/2033 | 756 | 763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Navient Refinance Loan Trust *(a)* | Class C, Series 2025-A | 6.14% | 2/16/2055 | 2287 | 2343 |
| &nbsp;&nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust *(a)* | Class D, Series 2025-B | 6.63% | 3/17/2053 | 2982 | 3044 |
|  Unsecured Consumer — 0.9% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Upstart Securitization Trust *(a)* | Class B, Series 2024-1 | 6.24% | 11/20/2034 | 5100 | 5169 |
|  **TOTAL ASSET-BACKED SECURITIES (Amortized Cost $173,537)** | **TOTAL ASSET-BACKED SECURITIES (Amortized Cost $173,537)** |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176131 |
|  **Mortgage-Backed Securities — 38.5%** |  |  |  |  |  |
|  Home Equity Investments — 10.5% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; HTAP Issuer Trust *(a)* | Class A, Series 2025-2 | 6.50% | 6/25/2043 | 21198 | 21153 |
| &nbsp;&nbsp;&nbsp;&nbsp; HTAP Issuer Trust *(a)* | Class B, Series 2025-2 | 8.00% | 6/25/2043 | 1184 | 1179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Point Securitization Trust *(a)(e)* | Class A1, Series 2023-1 | 6.50% | 11/25/2053 | 99 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unison Trust *(a)* | Class A, Series 2023-2 | 6.50% | 11/25/2053 | 18451 | 18346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unison Trust *(c)* | Class A, Series 2025-1 | 6.00% | 7/25/2055 | 11036 | &nbsp;&nbsp;&nbsp;&nbsp;10303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unlock HEA Trust *(a)* | Class A, Series 2024-1 | 7.00% | 4/25/2039 | 4222 | 4237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unlock HEA Trust *(a)* | Class A, Series 2024-2 | 6.50% | 10/25/2039 | 1021 | 1020 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unlock HEA Trust *(a)* | Class A, Series 2025-1 | 6.75% | 7/25/2041 | 2024 | 2031 |
|  Investor Loans — 0.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust *(a)(d)* | Class M1, Series 2025-DSC3 | 5.78% | 9/25/2070 | 1041 | 1041 |
|  Non-Qualified Mortgage — 16.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust *(a)(d)* | Class M1, Series 2025-8 | 6.22% | 7/25/2070 | 2153 | 2184 |
| &nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust *(a)(d)* | Class M1A, Series 2024-13 | 6.44% | 12/26/2069 | 7000 | 7092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust *(a)(d)* | Class M1B, Series 2024-12 | 7.08% | 10/25/2069 | 3000 | 3043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust *(a)(d)* | Class M1B, Series 2024-13 | 6.89% | 12/26/2069 | 2000 | 2022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chase Home Lending Mortgage Trust *(a)(d)* | Class B3, Series 2025-9 | 6.63% | 6/25/2056 | 1305 | 1328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colt Mortgage Loan Trust *(a)(d)* | Class M1, Series 2024-7 | 6.45% | 12/26/2069 | 7000 | 7096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cross Mortgage Trust *(a)(d)* | Class B1A, Series 2024-H8 | 6.96% | 12/25/2069 | 1976 | 1998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cross Mortgage Trust *(a)(d)* | Class B1A, Series 2025-H7 | 6.09% | 9/25/2070 | 522 | 520 |
| &nbsp;&nbsp;&nbsp;&nbsp; GCAT Trust *(a)(d)* | Class M1, Series 2022-NQM4 | 5.73% | 8/25/2067 | 7500 | 7487 |
| &nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust *(a)(d)* | Class B3, Series 2025-PJ5 | 6.60% | 10/25/2055 | 722 | 695 |
| &nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust *(a)(d)* | Class B3, Series 2025-PJ7 | 6.57% | 12/25/2055 | 962 | 936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Homes Trust *(a)(d)* | Class M2, Series 2024-NQM2 | 7.10% | 10/25/2069 | 5000 | 5073 |
| &nbsp;&nbsp;&nbsp;&nbsp; HOMES Trust *(a)(d)* | Class M1, Series 2025-NQM4 | 5.96% | 8/25/2070 | 609 | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust *(a)(e)* | Class M1, Series 2022-NQM5 | 6.25% | 8/25/2067 | 4000 | 3989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Imperial Fund Mortgage Trust *(a)* | Class M1, Series 2022-NQM7 | 7.50% | 11/25/2067 | 16788 | 16789 |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust *(a)(d)* | Class B3, Series 2025-4 | 6.33% | 11/25/2055 | 808 | 756 |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust *(a)(d)* | Class B3, Series 2025-INV1 | 6.90% | 11/25/2055 | 884 | 916 |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust *(a)(d)* | Class M1A, Series 2025-NQM3 | 5.97% | 11/25/2065 | 1652 | 1666 |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g78149g59v56.jpg) | Asset-Based Income Fund | September 30, 2025 (Unaudited) |
| ![LOGO](g78149g59v56.jpg) |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Effective<br>Interest Rate** | **Maturity Date** | **Par** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust *(a)(d)* | Class M1B, Series 2024-NQM1 | 6.86% | 2/25/2064 | 1680 | $1696 |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust *(a)(d)* | Class M1B, Series 2025-NQM3 | 6.42% | 11/25/2065 | 322 | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trust *(a)(d)* | Class B1A, Series 2024-NQM5 | 7.16% | 10/25/2069 | 2000 | 2031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trust *(a)(d)* | Class M1, Series 2024-NQM5 | 6.52% | 10/25/2069 | 3600 | 3657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trust *(a)(d)* | Class M1, Series 2025-NQM5 | 6.14% | 7/25/2070 | 1363 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trust *(a)(d)* | Class M1, Series 2025-NQM7 | 5.84% | 9/25/2070 | 2332 | 2332 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust *(a)(d)* | Class M1, Series 2024-NQM3 | 6.39% | 11/25/2064 | 3885 | 3942 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust *(a)(d)* | Class M1, Series 2025-NQM4 | 6.08% | 7/25/2065 | 1487 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp; PRKCM Trust *(a)(d)* | Class M1, Series 2022-AFC2 | 6.00% | 8/25/2057 | 2420 | 2424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provident Funding Mortgage Trust *(a)(d)* | Class B1, Series 2025-2 | 6.28% | 6/25/2055 | 935 | 956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provident Funding Mortgage Trust *(a)(d)* | Class B2, Series 2025-2 | 6.28% | 6/25/2055 | 983 | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provident Funding Mortgage Trust *(a)(d)* | Class B3, Series 2025-2 | 6.28% | 6/25/2055 | 1033 | 1029 |
| &nbsp;&nbsp;&nbsp;&nbsp; PRPM Trust *(a)(d)* | Class M1, Series 2025-NQM3 | 6.19% | 5/25/2070 | 551 | 558 |
| &nbsp;&nbsp;&nbsp;&nbsp; SAIF Securitization Trust *(a)(d)* | Class M1, Series 2025-HYB1 | 6.07% | 10/25/2055 | 1520 | 1492 |
| &nbsp;&nbsp;&nbsp;&nbsp; SAIF Securitization Trust *(a)(d)* | Class M2, Series 2025-HYB1 | 6.07% | 10/25/2055 | 1014 | 969 |
|  Second Lien/HELOC — 7.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chase Home Lending Mortgage Trust *(a)(d)* | Class M2, Series 2025-RPL1 | 4.06% | 5/25/2064 | 1152 | 698 |
| &nbsp;&nbsp;&nbsp;&nbsp; EFMT *(a)(d)* | Class M1, Series 2025-CES4 | 6.11% | 6/25/2060 | 3360 | 3384 |
| &nbsp;&nbsp;&nbsp;&nbsp; SAIF Securitization Trust *(a)(e)* | Class A3, Series 2025-CES1 | 5.99% | 6/25/2065 | 590 | 592 |
| &nbsp;&nbsp;&nbsp;&nbsp; SAIF Securitization Trust *(a)(d)* | Class M1, Series 2025-CES1 | 6.24% | 6/25/2065 | 590 | 592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust *(a)(d)* | Class A2, Series 2023-SEQ3 | 6.89% | 6/1/2053 | 5829 | 5920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust *(a)(d)* | Class A3, Series 2023-SEQ3 | 7.12% | 6/1/2053 | 10127 | 10305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust *(a)(d)* | Class M1, Series 2023-SEQ3 | 8.71% | 6/1/2053 | 3722 | 3846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust *(a)(d)* | Class M1, Series 2024-CES3 | 6.81% | 5/25/2064 | 2439 | 2488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust *(a)(d)* | Class M2, Series 2025-CES3 | 5.92% | 8/25/2065 | 1517 | 1527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vista Point Securitization Trust *(a)(e)* | Class M1, Series 2024-CES1 | 7.48% | 5/25/2054 | 10069 | 10222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vista Point Securitization Trust *(a)(d)* | Class M1, Series 2024-CES3 | 6.59% | 1/25/2055 | 1250 | 1264 |
|  Single Family Rental — 4.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMSR Trust *(a)* | Class E2, Series 2024-SFR2 | 4.15% | 11/17/2041 | 10000 | 9402 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMSR Trust *(a)* | Class E2, Series 2025-SFR2 | 4.28% | 11/17/2030 | 1573 | 1461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progress Residential Trust *(a)* | Class E, Series 2025-SFR5 | 4.85% | 10/17/2042 | 3225 | 3108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progress Residential Trust *(a)(d)* | Class E2, Series 2024-SFR5 | 3.63% | 8/9/2029 | 10044 | 9288 |
|  **TOTAL MORTGAGE-BACKED SECURITIES (Amortized Cost $209,846)** | **TOTAL MORTGAGE-BACKED SECURITIES (Amortized Cost $209,846)** |  |  |  | $212994 |
|  **Senior Loans — 15.5%** |  |  |  |  |  |
|  Aviation Lending — 3.7% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genesis Aircraft Services Ltd *(b)(d)(f)* | TL 1L DD 08/23 | 8.22% - 8.69% | 8/31/2029 | 3971 | 2915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lesha - Project Skyline *(b)* | TL 1L 12/24 (MSN 36010) | 6.67% | 2/28/2032 | 3139 | 3166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lesha - Project Skyline *(b)* | TL 1L 12/24 (MSN 36011) | 6.72% | 2/28/2029 | 4068 | 4080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lesha - Project Skyline *(b)* | TL 1L 12/24 (MSN 36095) | 6.62% | 3/31/2029 | 2928 | 2964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lesha - Project Skyline *(b)* | TL 1L 12/24 (MSN 36104) | 6.61% | 8/31/2030 | 3526 | 3569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lesha - Project Skyline *(b)* | TL 1L 12/24 (MSN 38245) | 6.70% | 2/28/2031 | 4329 | 4355 |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g78149g59v56.jpg) | Asset-Based Income Fund | September 30, 2025 (Unaudited) |
| ![LOGO](g78149g59v56.jpg) |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Effective<br>Interest Rate** | **Maturity Date** | **Par** | **Fair Value** |
|  Fund Finance — 4.8% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ardian US LLC *(b)(d)* | TL 1L A 07/25 | 6.50% (SOFR + 2.50%) | 12/31/2028 | 12160 | $12160 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSAM Vintage Platform IX NAV *(b)(d)* | TL 1L 02/25 (Vintage IX A AB) | 6.55% (SOFR + 2.55%) | 10/18/2030 | 927 | 927 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSAM Vintage Platform IX NAV *(b)(d)* | TL 1L 02/25 (Vintage IX B AB) | 6.65% (SOFR + 2.65%) | 10/18/2030 | 8536 | 8536 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSAM Vintage Platform IX NAV *(b)(d)* | TL 1L 02/25 (Vintage IX B2 AB) | 6.65% (SOFR + 2.65%) | 10/18/2030 | 566 | 566 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSAM Vintage Platform IX NAV *(b)(d)* | TL 1L DD 02/25 (Vintage IX A AB) | 6.55% (SOFR + 2.55%) | 10/18/2030 | 286 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSAM Vintage Platform IX NAV *(b)(d)(f)* | TL 1L DD 02/25 (Vintage IX B AB) | 6.65% (SOFR + 2.65%) | 10/18/2030 | 3593 | 3400 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSAM Vintage Platform IX NAV *(b)(d)(f)* | TL 1L DD 02/25 (Vintage IX B2 AB) | 6.65% (SOFR + 2.65%) | 10/18/2030 | 404 | 325 |
|  Rooftop Solar Lease — 4.4% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun Charis Portfolio LLC *(b)* | TL 1L 07/23 | 6.93% | 4/30/2059 | 10872 | 11265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun Romulus Portfolio LLC *(b)* | TL 1L 02/24 | 6.48% | 1/31/2054 | 12928 | 13142 |
|  Small Business Loans — 2.1% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BHG Funding LLC *(b)* | TL 1L A2 05/23 | 7.07% | 5/19/2036 | 8583 | 8605 |
| &nbsp;&nbsp;&nbsp;&nbsp; BHG Funding LLC *(b)* | TL 2L B2 05/23 | 8.12% | 5/19/2036 | 1694 | 1697 |
| &nbsp;&nbsp;&nbsp;&nbsp; BHG Funding LLC *(b)(d)* | TL 3L C2 05/23 | 9.69% | 5/19/2036 | 1695 | 1528 |
|  Solar Loan — 0.5% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SunPower Financial *(b)(c)* | TL 01/25 | 6.69% | 8/30/2054 | 2987 | 2987 |
|  **TOTAL SENIOR LOANS (Amortized Cost $86,168)** | **TOTAL SENIOR LOANS (Amortized Cost $86,168)** |  |  |  | $86473 |
|  |  |  | **Shares** |  |  |
|  **Private Equity — 0.1%** |  |  |  |  |  |
|  Solar Loan — 0.1% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SunPower Financial *(b)(c)* | Private Equity (SPV) |  | 615493 |  | 674 |
|  **TOTAL PRIVATE EQUITY (Cost $615)** | **TOTAL PRIVATE EQUITY (Cost $615)** |  |  |  | $674 |
|  **TOTAL INVESTMENTS (Cost $470,166) — 85.8%** | **TOTAL INVESTMENTS (Cost $470,166) — 85.8%** |  |  |  | $476272 |
|  **Money Market Fund — 10.2%** |  |  |  |  |  |
|  U.S. Government Securities — 10.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Treasury Portfolio *(g)* Class I | &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Investments Money Market Treasury Portfolio *(g)* Class I | 4.01% | 56662042 |  | 56662 |
|  **TOTAL MONEY MARKET FUND (Cost $56,662)** | **TOTAL MONEY MARKET FUND (Cost $56,662)** |  |  |  | $56662 |
|  **TOTAL INVESTMENTS INCLUDING MONEY MARKET FUND (Cost $526,828) — 96.0%** | **TOTAL INVESTMENTS INCLUDING MONEY MARKET FUND (Cost $526,828) — 96.0%** | **TOTAL INVESTMENTS INCLUDING MONEY MARKET FUND (Cost $526,828) — 96.0%** |  |  | $532992 |
|  **OTHER ASSETS EXCEEDING LIABILITIES, NET — 4.0%** | **OTHER ASSETS EXCEEDING LIABILITIES, NET — 4.0%** |  |  |  | 22425 |
|  **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** |  |  |  | $555359 |

---

---

| | |
|:---|:---|
|  DD | Delayed draw term loan |
|  SOFR | Secured Overnight Financing Rate |
|  SPV | Special Purpose Vehicle |
|  TL | Term loan |
|  1L | First lien |
|  2L | Second lien |
|  3L | Third lien |

---

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g78149g59v56.jpg) | Asset-Based Income Fund | September 30, 2025 (Unaudited) |
| ![LOGO](g78149g59v56.jpg) |  |  |

---

(a) Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities
may only be resold to qualified institutional buyers in transactions exempt from registration.

(b) Value determined using significant unobservable inputs.

(c) Security considered restricted.

(d) Variable rate securities. The effective rate shown is based on the latest available information as of September 30,
2025. Certain variable rate securities are based on a published reference rate and spread. Interest rates for certain variable rate securities are determined by the issuer, or agent, and are based on current market conditions, and these securities
do not indicate a reference rate and spread in their description.

(e) Debt obligation initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is
the rate at September 30, 2025.

(f) Investment is an unfunded or partially funded commitment.

(g) Rate represents the money market fund's average 7-day yield as of
September 30, 2025.

The following are the details of the restricted securities of the Fund (in thousands, except share amounts):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issuer** | **Asset** | **Par/Shares** | **Cost** | **Value** | **Acquisition<br>Date** | **% of Net<br>Assets** |
|  **Asset-Backed Securities** |  |  |  |  |  |  |
|  Identity Digital Capital LLC | Class A2, Series 2025-1 | 4003 | $4003 | $4073 | 3/18/2025 | 0.7% |
|  Lyra Music Assets Delaware LP | Class A2, Series 2024-3A | 9986 | 9690 | 10144 | 11/8/2024 | 1.8% |
|  Metro Communications Issuer LLC | Class A2, Series 2025-1 | 1801 | 1801 | 1847 | 2/13/2025 | 0.3% |
|  Metro Communications Issuer LLC | Class A2I, Series 2025-1A | 9880 | 9880 | 10121 | 2/13/2025 | 1.8% |
|  Sunnova SOL IX Issuer LLC | Class A, Series 2025-1 | 8757 | 8361 | 8541 | 2/21/2025 | 1.5% |
|  Sunnova SOL IX Issuer LLC | Class B, Series 2025-1 | 670 | 647 | 657 | 2/21/2025 | 0.1% |
|  **Mortgage-Backed Securities** |  |  |  |  |  |  |
|  Unison Trust | Class A, Series 2025-1 | 11036 | 10151 | 10303 | 6/5/2025 | 1.9% |
|  **Senior Loans** |  |  |  |  |  |  |
|  SunPower Financial | TL 01/25 | 2987 | 2987 | 2987 | 11/3/2023 | 0.5% |
|  **Private Equity** |  |  |  |  |  |  |
|  SunPower Financial | Private Equity (SPV) | 615493 | 615 | 674 | 6/7/2023 | 0.1% |
|  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48135 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49347 |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** KKR Asset-Based Income Fund

- **b. Investment Company Act file number:** 811-23871

- **c. CIK number of Registrant:** 0001966776

- **d. LEI of Registrant:** 5493000AHGD6M7DSJ514

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

  - **Street Address 1:** 555 CALIFORNIA STREET, 50TH FLOOR

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94104

  - **Telephone number:** 415-315-3620

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

- **a. Name of Series:** KKR Asset-Based Income Fund

- **c. LEI of Series:** 5493000AHGD6M7DSJ514

**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:** $561225035.91

**Total Liabilities:** $5866333.83

**Net Assets:** $555358702.08

**Delayed Delivery Securities:** $1460990.13

**Cash Not Reported:** $25075321.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 443.65557000 | **1-Year:** 9826.32141000 | **5-Year:** 36618.94144000 | **10-Year:** 81078.82390000 | **30-Year:** 17642.32456000

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

- **3-Month:** 0.00000000 | **1-Year:** 3217.14726000 | **5-Year:** 27203.30097000 | **10-Year:** 44514.36744000 | **30-Year:** 39.06688000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 0.35%                | 1.09%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-331989.68                                |
| Month 2  | $2922.17                 | $2688669.59                                |
| Month 3  | $1889325.87              | $-765003.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GS Mortgage-Backed Securities                                  | GS Mortgage-Backed Securities Trust 2025-PJ7                   | CUSIP: 36272MCK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    961917 | PA      | $935896.39    | 0.17%             | 2055-12-25      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust                                     | Point Securitization Trust 2023-1                              | CUSIP: 73071JAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98736 | PA      | $99314.44     | 0.02%             | 2053-11-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                      | Towd Point Mortgage Trust 2024-CES3                            | CUSIP: 89183EAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2439390 | PA      | $2488149.50   | 0.45%             | 2064-05-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trus                                 | Western Funding Auto Loan Trust 2025-1                         | CUSIP: 958250AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    945000 | PA      | $956657.99    | 0.17%             | 2036-01-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Fidelity Treasury Portfolio                                    | Fidelity Treasury Portfolio                                    | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  57535651 | NS      | $57535650.75  | 10.36%            |  |  |  | No            |                  1 | On Loan: No      |
| SSI ABS Issuer LLC                                             | SSI ABS-2025-1 Issuer LLC                                      | CUSIP: 78475CAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2845178 | PA      | $2887177.58   | 0.52%             | 2065-07-25      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| RFS Asset Securitization LLC                                   | RFS Asset Securitization V LLC                                 | CUSIP: 74970DAH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006507.10   | 0.18%             | 2032-05-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                                                  | Sunrun Lucius Issuer 2025-3 LLC                                | CUSIP: 86773HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4921000 | PA      | $4918518.34   | 0.89%             | 2061-01-30      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SunPower Financial TL 01/25 (Q1 2025)                          | SunPower Financial TL 01/25 (Q1 2025)                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2986740 | PA      | $2986739.73   | 0.54%             | 2054-08-30      | Variable      | 6.69%                 | Yes           |                  3 | On Loan: No      |
| Sequoia Mortgage Trust                                         | Sequoia Mortgage Trust 2025-HYB1                               | CUSIP: 816938AK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014000 | PA      | $968686.88    | 0.17%             | 2055-10-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                              | Imperial Fund Mortgage Trust 2022-NQM5                         | CUSIP: 45276QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3988537.20   | 0.72%             | 2067-08-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                                 | Saluda Grade Alternative Mortgage Trust 2023-SEQ3              | CUSIP: 79582GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5829000 | PA      | $5919949.89   | 1.07%             | 2053-06-01      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| GSAM Vintage Platform IX NAV TL 1L DD 02/25 (Vintage IX A AB)  | GSAM Vintage Platform IX NAV TL 1L DD 02/25 (Vintage IX A AB)  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285665 | PA      | $285665.26    | 0.05%             | 2030-10-18      | Floating      | 6.84%                 | No            |                  3 | On Loan: No      |
| Provident Funding Mortgage Tru                                 | Provident Funding Mortgage Trust 2025-2                        | CUSIP: 74389DBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    983277 | PA      | $996693.06    | 0.18%             | 2055-06-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                     | AMSR 2024-SFR2 Trust                                           | CUSIP: 00179UAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $9402254.00   | 1.69%             | 2041-11-17      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Mulligan Asset Securitization                                  | Mulligan Asset Securitization II LLC                           | CUSIP: 62534LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9500000 | PA      | $9539656.80   | 1.72%             | 2031-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                       | Angel Oak Mortgage Trust 2025-8                                | CUSIP: 03466UAD6<br>LEI: 254900WZRTR935QJJ709 | Long             | ABS-MBS          | CORP              | US        |   2153000 | PA      | $2183943.35   | 0.39%             | 2070-07-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                                        | Centersquare Issuer LLC                                        | CUSIP: 15201EAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12645000 | PA      | $11949930.90  | 2.15%             | 2055-08-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BHG FUNDING 06 LLC - TL 2L 05/23 Tranche 2 Class B             | BHG FUNDING 06 LLC - TL 2L 05/23 Tranche 2 Class B             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1694412 | PA      | $1696953.94   | 0.31%             | 2036-05-11      | Fixed         | 8.12%                 | No            |                  3 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust Series 2025-INV1                      | CUSIP: 466910BD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    883990 | PA      | $915501.68    | 0.16%             | 2055-11-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                           | Cross 2024-H8 Mortgage Trust                                   | CUSIP: 22757GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1976000 | PA      | $1998305.09   | 0.36%             | 2069-12-25      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| GSAM Vintage Platform IX NAV TL 1L 02/25 (Vintage IX B AB)     | GSAM Vintage Platform IX NAV TL 1L 02/25 (Vintage IX B AB)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8536316 | PA      | $8536316.44   | 1.54%             | 2030-10-18      | Floating      | 6.98%                 | No            |                  3 | On Loan: No      |
| Lyra Music Assets Delaware LP - LYRA 2024-3A A2                | Lyra Music Assets Delaware LP - LYRA 2024-3A A2                | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9985668 | PA      | $10144193.73  | 1.83%             | 2064-12-22      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                                           | Cross 2025-H7 Mortgage Trust                                   | CUSIP: 22757JAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    522000 | PA      | $520077.47    | 0.09%             | 2070-09-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| BHG FUNDING 06 LLC - TL 1L 05/23 Tranche 2 Class A             | BHG FUNDING 06 LLC - TL 1L 05/23 Tranche 2 Class A             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8583095 | PA      | $8604552.44   | 1.55%             | 2036-05-11      | Fixed         | 7.07%                 | No            |                  3 | On Loan: No      |
| Metro Communications Issuer LLC                                | Metro Communications Issuer LLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1801186 | PA      | $1847116.24   | 0.33%             | 2055-02-25      | Fixed         | 7.82%                 | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Residential Mor                                 | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5       | CUSIP: 61777QAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3600000 | PA      | $3656702.88   | 0.66%             | 2069-10-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                         | Mosaic Solar Loan Trust 2023-3                                 | CUSIP: 618933AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6469120 | PA      | $6549299.10   | 1.18%             | 2053-11-20      | Fixed         | 7.37%                 | No            |                  2 | On Loan: No      |
| GSAM Vintage Platform IX NAV TL 1L 02/25 (Vintage IX A AB)     | GSAM Vintage Platform IX NAV TL 1L 02/25 (Vintage IX A AB)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    927034 | PA      | $927033.90    | 0.17%             | 2030-10-18      | Floating      | 6.88%                 | No            |                  3 | On Loan: No      |
| Progress Residential Trust                                     | Progress Residential 2023-SFR1 Trust                           | CUSIP: 74334FAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2514487.00   | 0.45%             | 2040-03-17      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Sunrun Inc - TL 1L 07/23 (Charis)                              | Sunrun Inc - TL 1L 07/23 (Charis)                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10871794 | PA      | $11265352.99  | 2.03%             | 2059-04-30      | Fixed         | 6.93%                 | No            |                  3 | On Loan: No      |
| Libertas Asset Securitization                                  | Libertas Asset Securitization LLC                              | CUSIP: 529922AF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    461000 | PA      | $465084.28    | 0.08%             | 2031-01-15      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| SSI ABS Issuer LLC                                             | SSI ABS-2025-1 Issuer LLC                                      | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3026530 | PA      | $3070280.49   | 0.55%             | 2065-07-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| New Mountain Guardian IV Rated                                 | New Mountain Guardian IV Rated Feeder III Ltd                  | CUSIP: 647907AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13400000 | PA      | $13401657.58  | 2.41%             | 2037-11-19      | Floating      | 7.52%                 | No            |                  3 | On Loan: No      |
| HOMES Trust                                                    | HOMES 2025-NQM4 Trust                                          | CUSIP: 403958AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    609000 | PA      | $611946.77    | 0.11%             | 2070-08-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Sunnova Sol IX Issuer LLC - Sunnova 2025-1 Class A             | Sunnova Sol IX Issuer LLC - Sunnova 2025-1 Class A             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8757058 | PA      | $8540758.27   | 1.54%             | 2060-01-30      | Fixed         | 6.28%                 | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Residential Mor                                 | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5       | CUSIP: 61777QAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2030839.80   | 0.37%             | 2069-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                     | AMSR 2022-SFR3 Trust                                           | CUSIP: 66981YAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1209300.75   | 0.22%             | 2039-10-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metro Communications Issuer LLC                                | Metro Communications Issuer LLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9879913 | PA      | $10120982.88  | 1.82%             | 2055-02-25      | Fixed         | 6.51%                 | Yes           |                  3 | On Loan: No      |
| Lesha - Project Skyline - TL 1L DD 10/24                       | Lesha - Project Skyline - TL 1L DD 10/24                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4067676 | PA      | $4080285.59   | 0.73%             | 2029-02-28      | Fixed         | 6.72%                 | No            |                  3 | On Loan: No      |
| Angel Oak Mortgage Trust                                       | Angel Oak Mortgage Trust 2024-12                               | CUSIP: 034932AE3<br>LEI: 254900S8TF74AZOT0548 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3042853.50   | 0.55%             | 2069-10-25      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru                                 | Vista Point Securitization Trust 2024-CES1                     | CUSIP: 92839HAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10069000 | PA      | $10222272.33  | 1.84%             | 2054-05-25      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                                  | GS Mortgage-Backed Securities Trust 2025-PJ5                   | CUSIP: 36272DCK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    721732 | PA      | $695462.52    | 0.13%             | 2055-10-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                                 | Saluda Grade Alternative Mortgage Trust 2023-SEQ3              | CUSIP: 79582GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3722000 | PA      | $3845890.49   | 0.69%             | 2053-06-01      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Tr                                 | Sunbit Asset Securitization Trust 2025-1                       | CUSIP: 86709SAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1115000 | PA      | $1121517.73   | 0.20%             | 2030-07-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Lesha - Project Skyline - TL 1L DD 10/24                       | Lesha - Project Skyline - TL 1L DD 10/24                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3138851 | PA      | $3166158.98   | 0.57%             | 2032-02-28      | Fixed         | 6.67%                 | No            |                  3 | On Loan: No      |
| UNLOCK HEA TRUST                                               | Unlock HEA Trust 2024-2                                        | CUSIP: 91528AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020639 | PA      | $1019548.03   | 0.18%             | 2039-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST                                               | Unlock HEA Trust 2025-1                                        | CUSIP: 91528BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2023965 | PA      | $2030792.49   | 0.37%             | 2041-07-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru                                 | Provident Funding Mortgage Trust 2025-2                        | CUSIP: 74389DBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    934511 | PA      | $955644.02    | 0.17%             | 2055-06-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust                                   | Navient Refinance Loan Trust 2025-A                            | CUSIP: 63943FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2287000 | PA      | $2342765.29   | 0.42%             | 2055-02-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust Series 2025-NQM3                      | CUSIP: 46659QAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1652000 | PA      | $1666253.13   | 0.30%             | 2065-11-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                     | AMSR 2025-SFR2 Trust                                           | CUSIP: 00180BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1573000 | PA      | $1460990.13   | 0.26%             | 2030-11-17      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| SAIF Securitization Trust                                      | SAIF Securitization Trust 2025-CES1                            | CUSIP: 78438CAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590000 | PA      | $591951.48    | 0.11%             | 2065-06-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                                 | Saluda Grade Alternative Mortgage Trust 2023-SEQ3              | CUSIP: 79582GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10127000 | PA      | $10305486.35  | 1.86%             | 2053-06-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                                  | New Residential Mortgage Loan Trust 2025-NQM4                  | CUSIP: 64832FAF3<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   1487000 | PA      | $1500086.79   | 0.27%             | 2065-07-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| HTAP Issuer Trust 2025-2 - HTAP 2025-2 B                       | HTAP Issuer Trust 2025-2 - HTAP 2025-2 B                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1179298.93   | 0.21%             | 2043-06-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust Series 2025-NQM3                      | CUSIP: 46659QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    322000 | PA      | $324731.56    | 0.06%             | 2065-11-25      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| GCAT                                                           | GCAT 2022-NQM4 Trust                                           | CUSIP: 36170HAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $7486910.25   | 1.35%             | 2067-08-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Unison Trust 2025-1 - UNSN 2025-1 A                            | Unison Trust 2025-1 - UNSN 2025-1 A                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11051344 | PA      | $10317681.60  | 1.86%             | 2055-07-25      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| Progress Residential Trust                                     | Progress Residential 2024-SFR5 Trust                           | CUSIP: 74332HAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10044000 | PA      | $9287973.05   | 1.67%             | 2029-08-09      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Sunnova Energy Corp - SNVA 2024-3 A                            | Sunnova Energy Corp - SNVA 2024-3 A                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19804891 | PA      | $19369182.99  | 3.49%             | 2059-07-30      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| PRKCM Trust                                                    | PRKCM 2022-AFC2 Trust                                          | CUSIP: 69377TAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2420000 | PA      | $2423905.15   | 0.44%             | 2057-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Tr                                 | Sunbit Asset Securitization Trust 2025-1                       | CUSIP: 86709SAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    459000 | PA      | $461628.69    | 0.08%             | 2030-07-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                                  | New Residential Mortgage Loan Trust 2024-NQM3                  | CUSIP: 647910AF5<br>LEI: 213800HBIGZVLLQA9I67 | Long             | ABS-MBS          | CORP              | US        |   3885000 | PA      | $3942308.02   | 0.71%             | 2064-11-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| GSAM Vintage Platform IX NAV TL 1L DD 02/25 (Vintage IX B2 AB) | GSAM Vintage Platform IX NAV TL 1L DD 02/25 (Vintage IX B2 AB) | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    404496 | PA      | $404495.54    | 0.07%             | 2030-10-18      | Floating      | 6.94%                 | No            |                  3 | On Loan: No      |
| Chase Mortgage Finance Corpora                                 | Chase Home Lending Mortgage Trust Series 2025-9                | CUSIP: 16160UBT1<br>LEI: 529900II236FJ8MBXS58 | Long             | ABS-MBS          | CORP              | US        |   1307000 | PA      | $1329450.86   | 0.24%             | 2056-06-25      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                 | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM7       | CUSIP: 61779KAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2332000 | PA      | $2331971.08   | 0.42%             | 2070-09-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                 | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM5       | CUSIP: 61779BAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1363000 | PA      | $1378460.51   | 0.25%             | 2070-07-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru                                 | SMB Private Education Loan Trust 2025-B                        | CUSIP: 83208BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2982000 | PA      | $3044192.59   | 0.55%             | 2053-03-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Lesha - Project Skyline - TL 1L DD 10/24                       | Lesha - Project Skyline - TL 1L DD 10/24                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4329330 | PA      | $4354873.22   | 0.78%             | 2031-02-28      | Fixed         | 6.70%                 | No            |                  3 | On Loan: No      |
| Vista Point Securitization Tru                                 | Vista Point Securitization Trust 2024-CES3                     | CUSIP: 92841WAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1263706.25   | 0.23%             | 2055-01-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| METROCOMMUNICATIONSI0.0125FEB55                                | Metro Communications Issuer LLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    545869 | PA      | $545869.00    | 0.10%             | 2055-02-25      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                      | College Ave Student Loans 2023-A LLC                           | CUSIP: 193938AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1746762 | PA      | $1788667.73   | 0.32%             | 2055-05-25      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Ardian US LLC - TL 1L 07/25                                    | Ardian US LLC - TL 1L 07/25                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12243642 | PA      | $12243642.31  | 2.20%             | 2028-12-31      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| Upstart Securitization Trust                                   | Upstart Securitization Trust                                   | CUSIP: 91684NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5100000 | PA      | $5168682.72   | 0.93%             | 2034-11-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| SunPower Financial - Private Equity (SPV)                      | SunPower Financial - Private Equity (SPV)                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    634992 | NS      | $694865.81    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sunnova Energy Corp - SNVA 2024-3 B                            | Sunnova Energy Corp - SNVA 2024-3 B                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    868854 | PA      | $851650.91    | 0.15%             | 2059-07-30      | Fixed         | 8.78%                 | No            |                  3 | On Loan: No      |
| HTAP Issuer Trust 2025-2 - HTAP 2025-2 A                       | HTAP Issuer Trust 2025-2 - HTAP 2025-2 A                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21198334 | PA      | $21154262.62  | 3.81%             | 2043-06-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                                 | Sunnova Helios XI Issuer LLC                                   | CUSIP: 86746AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5675170 | PA      | $4256384.48   | 0.77%             | 2050-05-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                       | Angel Oak Mortgage Trust 2024-13                               | CUSIP: 03466PAE5<br>LEI: 254900WA697298AD1C53 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2021971.60   | 0.36%             | 2069-12-26      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                     | AMSR 2023-SFR1 Trust                                           | CUSIP: 66981XAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5939000 | PA      | $5648717.12   | 1.02%             | 2040-04-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                                 | EFMT 2025-CES4                                                 | CUSIP: 267954AD7<br>LEI: 254900UDLJF220C8I638 | Long             | ABS-MBS          | CORP              | US        |   3360000 | PA      | $3384211.49   | 0.61%             | 2060-06-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| Unison Trust                                                   | Unison Trust 2023-2                                            | CUSIP: 90920AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18451469 | PA      | $18345591.20  | 3.30%             | 2053-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                       | Angel Oak Mortgage Trust 2024-13                               | CUSIP: 03466PAD7<br>LEI: 254900WA697298AD1C53 | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7091767.20   | 1.28%             | 2069-12-26      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                               | Colt 2024-7 Mortgage Loan Trust                                | CUSIP: 19688YAD6<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7095813.20   | 1.28%             | 2069-12-26      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| METROCOMMUNICATIONSI0.0125FEB55                                | Metro Communications Issuer LLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3002238 | PA      | $3002238.00   | 0.54%             | 2055-02-25      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                         | Sequoia Mortgage Trust 2025-HYB1                               | CUSIP: 816938AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1520000 | PA      | $1491500.00   | 0.27%             | 2055-10-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                      | College Ave Student Loans 2023-A LLC                           | CUSIP: 193938AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3761569 | PA      | $3883883.75   | 0.70%             | 2055-05-25      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                                    | Homes 2024-Nqm2 Trust                                          | CUSIP: 43761CAG7<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5072802.00   | 0.91%             | 2069-10-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| GSAM Vintage Platform IX NAV TL 1L DD 02/25 (Vintage IX B AB)  | GSAM Vintage Platform IX NAV TL 1L DD 02/25 (Vintage IX B AB)  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3592583 | PA      | $3592583.27   | 0.65%             | 2030-10-18      | Floating      | 6.94%                 | No            |                  3 | On Loan: No      |
| GSAM Vintage Platform IX NAV TL 1L 02/25 (Vintage IX B2 AB)    | GSAM Vintage Platform IX NAV TL 1L 02/25 (Vintage IX B2 AB)    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565855 | PA      | $565854.62    | 0.10%             | 2030-10-18      | Floating      | 6.98%                 | No            |                  3 | On Loan: No      |
| Navient Education Loan Trust                                   | Navient Education Loan Trust 2025-A                            | CUSIP: 63943EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    755521 | PA      | $762833.61    | 0.14%             | 2033-10-17      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                              | PRPM 2025-NQM3 Trust                                           | CUSIP: 69382NAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    551000 | PA      | $558285.60    | 0.10%             | 2070-05-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| SAIF Securitization Trust                                      | SAIF Securitization Trust 2025-CES1                            | CUSIP: 78438CAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590000 | PA      | $591920.45    | 0.11%             | 2065-06-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Libertas Asset Securitization                                  | Libertas Asset Securitization LLC                              | CUSIP: 529922AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    369000 | PA      | $372274.25    | 0.07%             | 2031-01-15      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| Sunnova Sol IX Issuer LLC - Sunnova 2025-1 Class B             | Sunnova Sol IX Issuer LLC - Sunnova 2025-1 Class B             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    670036 | PA      | $656702.74    | 0.12%             | 2060-01-30      | Fixed         | 8.65%                 | Yes           |                  3 | On Loan: No      |
| BHG FUNDING 06 LLC - TL 3L 05/23 Tranche 2 Class C             | BHG FUNDING 06 LLC - TL 3L 05/23 Tranche 2 Class C             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1694701 | PA      | $1527603.86   | 0.28%             | 2036-05-11      | Variable      | 9.69%                 | No            |                  3 | On Loan: No      |
| Firstkey Homes Trust                                           | FirstKey Homes 2022-SFR3 Trust                                 | CUSIP: 33768EAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20000000 | PA      | $19583518.00  | 3.53%             | 2038-07-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                     | Progress Residential 2025-SFR5 Trust                           | CUSIP: 74334RAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3225000 | PA      | $3108273.06   | 0.56%             | 2042-10-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust Series 2025-4                         | CUSIP: 46593UBE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    807844 | PA      | $756328.92    | 0.14%             | 2055-11-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Sunrun Demeter Issuer LLC                                      | Sunrun Demeter Issuer 2021-2 LLC                               | CUSIP: 86772HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10216500 | PA      | $9203024.10   | 1.66%             | 2057-01-30      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                                 | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC3       | CUSIP: 61779JAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1041000 | PA      | $1040983.66   | 0.19%             | 2070-09-25      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                       | JP Morgan Mortgage Trust Series 2024-NQM1                      | CUSIP: 465983AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1680000 | PA      | $1696331.78   | 0.31%             | 2064-02-25      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Lesha - Project Skyline - TL 1L DD 10/24                       | Lesha - Project Skyline - TL 1L DD 10/24                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2927812 | PA      | $2964410.04   | 0.53%             | 2029-03-31      | Fixed         | 6.62%                 | No            |                  3 | On Loan: No      |
| Provident Funding Mortgage Tru                                 | Provident Funding Mortgage Trust 2025-2                        | CUSIP: 74389DBD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1033038 | PA      | $1028877.26   | 0.19%             | 2055-06-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora                                 | Chase Home Lending Mortgage Trust 2025-RPL1                    | CUSIP: 16160VAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1152000 | PA      | $697821.93    | 0.13%             | 2064-05-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Genesis Aircraft Services Ltd - TL 1L DD 08/23                 | Genesis Aircraft Services Ltd - TL 1L DD 08/23                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |   3970855 | PA      | $3970854.79   | 0.72%             | 2029-08-31      | Variable      | 8.22%                 | No            |                  3 | On Loan: No      |
| KCG Securitization, LLC                                        | KCG Securitization 2024-1 LLC                                  | CUSIP: 48243TAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    938000 | PA      | $949256.00    | 0.17%             | 2029-09-17      | Fixed         | 8.22%                 | No            |                  3 | On Loan: No      |
| Towd Point Mortgage Trust                                      | Towd Point Mortgage Trust 2025-CES3                            | CUSIP: 891949AD1<br>LEI: 254900XDQGDYHMUKZJ77 | Long             | ABS-MBS          | CORP              | US        |   1517000 | PA      | $1526805.43   | 0.27%             | 2065-08-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST                                               | Unlock HEA Trust 2024-1                                        | CUSIP: 91530QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4221813 | PA      | $4237470.48   | 0.76%             | 2039-04-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lesha - Project Skyline - TL 1L DD 10/24                       | Lesha - Project Skyline - TL 1L DD 10/24                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3525748 | PA      | $3569467.19   | 0.64%             | 2030-08-31      | Fixed         | 6.61%                 | No            |                  3 | On Loan: No      |
| Sunrun Inc - TL 1L 02/24 (Romulus)                             | Sunrun Inc - TL 1L 02/24 (Romulus)                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12927886 | PA      | $13142488.86  | 2.37%             | 2054-01-31      | Fixed         | 6.48%                 | No            |                  3 | On Loan: No      |
| Imperial Fund LLC                                              | Imperial Fund Mortgage Trust 2022-NQM7                         | CUSIP: 452763AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16788000 | PA      | $16789490.77  | 3.02%             | 2067-11-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| RFS Asset Securitization LLC                                   | RFS Asset Securitization V LLC                                 | CUSIP: 74970DAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1257980.50   | 0.23%             | 2032-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Identity Digital Inc                                           | Identity Digital Inc                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4003000 | PA      | $4072652.20   | 0.73%             | 2065-03-20      | Fixed         | 6.79%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** KKR Asset-Based Income Fund

**Signature:** Thomas Murphy

**Name of Signer:** Thomas Murphy

**Title:** CFO of ABIF