# EDGAR Filing Document

**Accession Number:** 0001495222
**File Stem:** 0001145549-23-004822
**Filing Date:** 2023-1
**Character Count:** 190912
**Document Hash:** f5b9d7cebec0198ed3f73f4e6939f73c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004822.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001145549-23-004822

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oxford Lane Capital Corp.
- **CENTRAL INDEX KEY:** 0001495222
- **IRS NUMBER:** 272859071
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22432
- **FILM NUMBER:** 23573367

**BUSINESS ADDRESS:**
- **STREET 1:** 8 SOUND SHORE DRIVE
- **STREET 2:** SUITE 255
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** (203) 983-5275

**MAIL ADDRESS:**
- **STREET 1:** 8 SOUND SHORE DRIVE
- **STREET 2:** SUITE 255
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Debt Investments</u>** |  |  |  |  |  |
| **<u>Structured Finance - Debt Investments</u>** |  |  |  |  |  |
| **Allegro CLO II-S, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6), 12.10% (LIBOR + 7.82%, due October 21, 2028) | 06/24/2020 | $5500000 | $4684454 | $3999050 |  |
| **Anchorage Capital CLO 4-R, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6)(11), 9.87% (LIBOR + 5.50%, due January 28, 2031) | 11/04/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725760 |  |
| **Ares XXXVII CLO Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ER(3)(6), 11.35% (LIBOR + 7.27%, due October 15, 2030) | 06/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4072404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3884400 |  |
| **Atrium XII** |  |  |  |  |  |
| CLO secured notes - Class DR(3)(6)(9), 7.12% (LIBOR + 2.80%, due April 22, 2027) | 11/09/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5695052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5747858 |  |
| **BlueMountain CLO 2015-4 Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ER(3)(6), 10.19% (LIBOR + 5.95%, due April 20, 2030) | 01/19/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654116 |  |
| **BlueMountain CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(6), 12.62% (LIBOR + 8.21%, due July 30, 2030) | 11/18/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6472959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5516500 |  |
| **BlueMountain Fuji US CLO II Ltd.** |  |  |  |  |  |
| CLO secured notes - Class D(3)(6), 10.39% (LIBOR + 6.15%, due October 20, 2030) | 11/09/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1669405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1644300 |  |
| **Elevation CLO 2017-6, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(6), 12.48% (LIBOR + 8.40%, due July 15, 2029) | 08/03/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1928193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1855500 |  |
| **Highbridge Loan Management 5-2015, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class FRR(3)(6), 12.08% (LIBOR + 8.00%, due October 15, 2030) | 08/03/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3120422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2269405 |  |
| **Highbridge Loan Management 2013-2, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class ER(3)(6), 12.49% (LIBOR + 8.25%, due October 20, 2029) | 04/20/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2132571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1721500 |  |
| **Longfellow Place CLO, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class FRR(3)(6), 12.58% (LIBOR + 8.50%, due April 15, 2029) | 03/26/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4174197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3196479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1523999 |  |
| **Midocean Credit CLO VI** |  |  |  |  |  |
| CLO secured notes - Class F(3)(6), 12.25% (LIBOR + 8.01%, due April 20, 2033) | 03/12/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3313347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2839200 |  |
| **Milford Park CLO, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(17), 13.28% (SOFR + 9.32%, due July 20, 2035) | 05/12/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888200 |  |
| **Nassau 2017-II Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6), 10.33% (LIBOR + 6.25%, due January 15, 2030) | 01/07/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6481784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4260883 |  |
| **OFSI BSL VIII, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6), 10.47% (LIBOR + 6.39%, due August 16, 2029) | 07/12/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2991305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2991200 |  |
| **Rockford Tower CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(17), 11.30% (SOFR + 7.34%, due July 20, 2035) | 05/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3714218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3225000 |  |
| **Shackleton 2015-VII-R CLO, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6), 10.28% (LIBOR + 6.20%, due July 15, 2031) | 07/21/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715500 |  |
| **Sound Point CLO V-R, Ltd.** |  |  |  |  |  |
| CLO secured notes - Class F(3)(6), 12.29% (LIBOR + 8.10%, due July 18, 2031) | 05/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691000 |  |
| **Venture XXV CLO, Limited** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6), 11.44% (LIBOR + 7.20%, due April 20, 2029) | 04/21/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2217874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1906250 |  |
| **Venture XXI CLO, Limited** |  |  |  |  |  |
| CLO secured notes - Class F(3)(6), 10.68% (LIBOR + 6.60%, due July 15, 2027) | 07/28/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1496958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1089900 |  |
| **Venture XXI CLO, Limited** |  |  |  |  |  |
| CLO secured notes - Class E(3)(6)(9), 8.88% (LIBOR + 4.80%, due July 15, 2027) | 12/08/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2029310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2033750 |  |
| **Total Structured Finance - Debt Investments** |  |  | $59243295 | $50183271 | 6.48% |
| **Total Collateralized Loan Obligation - Debt Investments** |  |  | $59243295 | $50183271 | 6.48% |
| **<u>Collateralized Loan Obligation - Equity Investments</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments</u>** |  |  |  |  |  |
| **AIG CLO 2021-2, LLC** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.45%, maturity July 20, 2034) | 03/18/2022 | $2500000 | $1954795 | $1700000 |  |
| **AIMCO CLO, Series 2015-A** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 20.16%, maturity October 17, 2034) | 08/25/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13548313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8563217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7316089 |  |
| **Allegro CLO II-S, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity October 21, 2028) | 02/06/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4969119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1456000 |  |
| **ALM XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10), (Estimated yield 0.00%, maturity January 15, 2028) | 03/04/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19500 |  |
| **AMMC CLO XII, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.01%, maturity November 10, 2030) | 09/10/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5444112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3652500 |  |
| **AMMC CLO 25, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 26.83%, maturity April 15, 2035) | 04/27/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13709340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13680000 |  |
| **Anchorage Capital CLO 1-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.48%, maturity April 13, 2031) | 08/13/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6279209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4669323 |  |
| *(Continued on next page)* |  |  |  |  |  |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments - (continued)</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments (continued)</u>** |  |  |  |  |  |
| **Anchorage Capital CLO 4-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 11.51%, maturity January 28, 2031) | 05/20/2019 | $9000000 | $5243181 | $3555000 |  |
| **Anchorage Capital CLO 5-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 5.87%, maturity January 15, 2030) | 07/16/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16904346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12007456 |  |
| **Anchorage Capital CLO 7, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.10%, maturity January 28, 2031) | 06/02/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5170326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4398750 |  |
| **Anchorage Capital CLO 17, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.61%, maturity July 15, 2034) | 06/04/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18273407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14400000 |  |
| **Apex Credit CLO 2015-II, Ltd. (fka: JFIN CLO 2015-II Ltd.)** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity October 17, 2026) | 11/22/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3525299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1477271 |  |
| **Apex Credit CLO 2018 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 8.45%, maturity April 25, 2031) | 03/14/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6018734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2221550 |  |
| **Apex Credit CLO 2019 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.72%, maturity April 18, 2032) | 05/13/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13258102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6903226 |  |
| **Apex Credit CLO 2019-II Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.29%, maturity October 25, 2032) | 10/27/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2772005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013236 |  |
| **Apidos CLO XVIII-R** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 32.04%, maturity October 22, 2030) | 06/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3402778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3262500 |  |
| **Apidos CLO XXIII** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.90%, maturity April 15, 2033) | 04/01/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3368252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3011400 |  |
| **Apidos CLO XXIV** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 30.72%, maturity October 20, 2030) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1910113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 |  |
| **Apidos CLO XXXIV** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.90%, maturity January 20, 2035) | 01/13/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7422171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6766000 |  |
| **Arcadia Warehouse 2022, Ltd.** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7)(11), (Estimated yield 14.61%, maturity July 20, 2023) | 01/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3128125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3128125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3128125 |  |
| **Ares XXVII CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.69%, maturity October 28, 2034) | 03/06/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27871690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13080485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9331791 |  |
| **Ares XXXIV CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.91%, maturity April 17, 2033) | 08/30/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7357450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5061155 |  |
| **Ares XXXVR CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 30.02%, maturity July 15, 2030) | 09/13/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2828004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2084902 |  |
| **Ares XXXVII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 5.10%, maturity October 15, 2030) | 02/12/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11367815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5903242 |  |
| **Ares XL CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity January 15, 2029) | 11/30/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31683000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8682102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5427570 |  |
| **Ares XLII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.02%, maturity January 22, 2028) | 06/23/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21910000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9001573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3961517 |  |
| **ARES XLVI CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 23.70%, maturity January 15, 2030) | 01/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3765371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2396325 |  |
| **Ares XLIX CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 25.04%, maturity July 22, 2030) | 08/19/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1619493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1242278 |  |
| **Ares LVII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.58%, maturity January 25, 2035) | 08/22/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13125746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11610793 |  |
| **Ares LXI CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 16.61%, maturity October 20, 2034) | 08/25/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11334641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9027988 |  |
| **Ares LXVII CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 20.34%, maturity January 25, 2036) | 10/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7597746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7344000 |  |
| **Atlas Senior Loan Funding XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.28%, maturity October 20, 2034) | 09/20/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4998559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3240000 |  |
| **Atlas Senior Loan Fund XVIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.11%, maturity January 18, 2035) | 04/21/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3960433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2940000 |  |
| **Atrium XV** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 14.88%, maturity January 23, 2048) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14178994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10920000 |  |
| **Battalion CLO VII Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10), (Estimated yield 0.00%, maturity July 17, 2028) | 07/03/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3324690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591800 |  |
| **Benefit Street Partners CLO V Ltd.** |  |  |  |  |  |
| CLO preference shares (5)(7)(10), (Estimated yield 0.00%, maturity October 20, 2026) | 07/27/2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80500 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments - (continued)</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments (continued)</u>** |  |  |  |  |  |
| **Bighorn VI, Ltd.** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 13.74%, maturity December 31, 2023) | 09/21/2021 | $35670000 | $35670000 | $35670000 |  |
| **BlueMountain Fuji US CLO II Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 17.86%, maturity October 20, 2030) | 02/13/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16026425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10457468 |  |
| **BlueMountain CLO 2015-4 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.79%, maturity April 20, 2030) | 07/22/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9644700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4072503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2555846 |  |
| **BlueMountain CLO 2016-3 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.77%, maturity November 15, 2030) | 08/18/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7397500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3554145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2515150 |  |
| **BlueMountain CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity July 30, 2030) | 01/14/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4898792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2080000 |  |
| **BlueMountain CLO 2018-3 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.06%, maturity October 25, 2030) | 06/11/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7027564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5614875 |  |
| **BlueMountain CLO XXXIV Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 20.00%, maturity April 20, 2035) | 03/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10381533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8988000 |  |
| **B&M CLO 2014-1 LTD** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10), (Estimated yield 0.00%, maturity April 16, 2026) | 10/30/2014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1872796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Carlyle Global Market Strategies CLO 2013-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11), (Estimated yield 0.00%, maturity January 18, 2029) | 03/19/2013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16098067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1262302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107792 |  |
| **Carlyle Global Market Strategies CLO 2013-4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.27%, maturity January 15, 2031) | 09/29/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4897424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2827500 |  |
| **Carlyle Global Market Strategies CLO 2014-5, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.80%, maturity July 15, 2031) | 03/27/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7134333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2722572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1284180 |  |
| **Carlyle US CLO 2017-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.99%, maturity April 20, 2031) | 01/27/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3646104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1736500 |  |
| **Carlyle US CLO 2020-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 23.73%, maturity January 25, 2035) | 10/21/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11626713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10335000 |  |
| **Carlyle US CLO 2021-8, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.40%, maturity October 20, 2034) | 08/24/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42537500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32215006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26373250 |  |
| **Cathedral Lake CLO 2013, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 0.00%, maturity October 15, 2029) | 05/31/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4378483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854000 |  |
| **Catskill Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 9.36%, maturity April 20, 2029) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2969468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1134000 |  |
| **CBAM 2021-14, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.68%, maturity April 20, 2034) | 03/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15941392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10626500 |  |
| **Cedar Funding IV CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.07%, maturity July 23, 2034) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39847225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18415733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18927432 |  |
| **Cedar Funding VIII CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.71%, maturity October 17, 2034) | 01/28/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19126500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11321583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8798190 |  |
| **Cedar Funding XII CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.83%, maturity October 25, 2034) | 03/23/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20008575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16355985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13405745 |  |
| **Cedar Funding XV CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.89%, maturity April 20, 2035) | 02/16/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17271531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15214500 |  |
| **CIFC Fenway Warehouse II Ltd.** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 15.17%, maturity October 05, 2023) | 01/27/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11962500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11962500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11962500 |  |
| **CIFC Funding 2014-III, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(11), (Estimated yield 0.00%, maturity October 22, 2031) | 03/06/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6993992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3098250 |  |
| **CIFC Funding 2021-VII, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 17.76%, maturity January 23, 2035) | 10/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23107750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18930150 |  |
| **Columbia Cent CLO 28 Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity November 07, 2030) | 01/14/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9661155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 |  |
| **Crestline Denali CLO XVI, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.21%, maturity January 20, 2030) | 06/10/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10633175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5060000 |  |
| **Dryden 33 Senior Loan Fund** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11), (Estimated yield 0.00%, maturity April 15, 2029) | 11/18/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48000 |  |
| **Dryden 38 Senior Loan Fund** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.08%, maturity July 15, 2030) | 09/23/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6402964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3864500 |  |
| **Dryden 53 CLO, LLC** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity January 15, 2031) | 02/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9640783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4578225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2603011 |  |
| **Dryden 75 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.16%, maturity April 14, 2034) | 08/17/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1739154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1472756 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments - (continued)</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments (continued)</u>** |  |  |  |  |  |
| **Dryden 86 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.33%, maturity July 17, 2030) | 03/23/2022 | $31375000 | $22472532 | $18197500 |  |
| **Dryden 106 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 15.42%, maturity October 15, 2035) | 10/18/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29477500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24329030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23582000 |  |
| **Eaton Vance CLO 2015-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.63%, maturity January 20, 2030) | 02/01/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537500 |  |
| **Elevation CLO 2020-11, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 12.05%, maturity April 15, 2033) | 02/21/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19935258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12000000 |  |
| **Elevation CLO 2021-12, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.63%, maturity April 20, 2032) | 02/11/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19086039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11963600 |  |
| **Elevation CLO 2021-14, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 15.13%, maturity October 20, 2034) | 09/21/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26412756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17760000 |  |
| **Elmwood CLO V Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.41%, maturity October 20, 2034) | 01/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10587227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9880000 |  |
| **Harriman Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.65%, maturity April 20, 2034) | 01/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1819635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1340000 |  |
| **Highbridge Loan Management 3-2014, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.70%, maturity July 18, 2029) | 06/19/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7933034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2932500 |  |
| **Highbridge Loan Management 5-2015, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 26.28%, maturity October 15, 2030) | 08/03/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6488433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4082656 |  |
| **HPS Loan Management 10-2016, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 16.92%, maturity January 20, 2028) | 10/21/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24460380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11346442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8438831 |  |
| **HPS Loan Management 2021-16, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(8), (Estimated yield 18.33%, maturity January 23, 2035) | 11/12/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22120554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18181268 |  |
| **ICG US CLO 2018-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 38.57%, maturity July 22, 2031) | 05/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8659909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7400000 |  |
| **Kings Park CLO, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 20.40%, maturity January 21, 2035) | 12/07/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30552500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23259759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21997800 |  |
| **KVK CLO 2013-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.31%, maturity January 14, 2028) | 09/22/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711000 |  |
| **LCM 35 Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 18.47%, maturity October 15, 2034) | 10/28/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21975262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15914203 |  |
| **Longfellow Place CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity April 15, 2029) | 01/11/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5309310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1964 |  |
| **Madison Park Funding XI, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity July 23, 2047) | 01/21/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3661544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2420000 |  |
| **Madison Park Funding XIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 20.41%, maturity April 19, 2030) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8001533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5267500 |  |
| **Madison Park Funding XV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10), (Estimated yield 0.00%, maturity January 27, 2026) | 03/07/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68600 |  |
| **Madison Park Funding XXI, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 13.43%, maturity October 15, 2032) | 01/26/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4932368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3780000 |  |
| **Madison Park Funding XXIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 12.29%, maturity October 20, 2029) | 03/28/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3568750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1922365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1177688 |  |
| **Madison Park Funding XXVIII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.15%, maturity July 15, 2030) | 02/01/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4267000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2746155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2088111 |  |
| **Madison Park Funding XXX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 11.07%, maturity April 15, 2047) | 02/23/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10480495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7654616 |  |
| **Madison Park Funding XXXVIII, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(11), (Estimated yield 21.25%, maturity July 17, 2034) | 05/14/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17145471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15725000 |  |
| **Madison Park Funding LII, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 20.78%, maturity January 22, 2035) | 11/22/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11921199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10755500 |  |
| **Madison Park Fund XLI, Ltd. (fka: Atrium XII CLO)** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 26.09%, maturity April 22, 2027) | 10/08/2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39075000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17035676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12894750 |  |
| **Man GLG US CLO 2018-2 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8)(10), (Estimated yield 0.00%, maturity October 15, 2028) | 02/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64000 |  |
| **Marble Point CLO XI Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 0.00%, maturity December 18, 2047) | 05/07/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3280501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1190000 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments - (continued)</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments (continued)</u>** |  |  |  |  |  |
| **Marble Point CLO XVIII Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.28%, maturity October 15, 2050) | 01/25/2022 | $26500000 | $20891201 | $16695000 |  |
| **Midocean Credit CLO II** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 0.00%, maturity January 29, 2030) | 06/17/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3256849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680000 |  |
| **Midocean Credit CLO III** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 0.00%, maturity April 21, 2031) | 04/24/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5917837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999000 |  |
| **Midocean Credit CLO VI** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 11.06%, maturity April 20, 2033) | 11/08/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22077593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12028500 |  |
| **Milford Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.46%, maturity July 20, 2035) | 05/12/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32960000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27382595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27027200 |  |
| **MP CLO VIII, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 16.19%, maturity April 28, 2034) | 11/10/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4163079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2970000 |  |
| **Nassau 2017-II Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 0.00%, maturity January 15, 2030) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8200260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976000 |  |
| **Neuberger Berman CLO XIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 5.64%, maturity January 28, 2030) | 01/26/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2757346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1872000 |  |
| **NorthWoods Capital XIV-B, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity November 13, 2031) | 12/18/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2943076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395000 |  |
| **Nyack Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.59%, maturity October 20, 2034) | 09/02/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24891994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22200000 |  |
| **Oaktree CLO 2018-1 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 25.84%, maturity October 20, 2030) | 08/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4619301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4070000 |  |
| **Ocean Trails CLO VI** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10), (Estimated yield 0.00%, maturity July 15, 2028) | 10/30/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52000 |  |
| **OCP CLO 2020-18, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.75%, maturity July 20, 2032) | 08/16/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10251707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8662500 |  |
| **OCP CLO 2021-22, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.47%, maturity December 02, 2034) | 07/26/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6083384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5883000 |  |
| **Octagon Investment Partners XVII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.54%, maturity January 25, 2031) | 05/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9300500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2536413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395075 |  |
| **Octagon Investment Partners XXII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 9.82%, maturity January 22, 2030) | 06/07/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11926033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6250725 |  |
| **Octagon Investment Partners 36, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.72%, maturity April 15, 2031) | 08/24/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5275582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3248938 |  |
| **Octagon Investment Partners 38, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 23.24%, maturity July 20, 2030) | 09/13/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4455632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3900000 |  |
| **Octagon Investment Partners 39, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 14.24%, maturity October 20, 2030) | 04/27/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1332654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050000 |  |
| **Octagon Investment Partners 40, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.20%, maturity January 20, 2035) | 02/14/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4438568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3780000 |  |
| **Octagon Investment Partners 48, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.13%, maturity October 20, 2034) | 07/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8208859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7585000 |  |
| **Octagon 57, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(8)(11), (Estimated yield 21.59%, maturity October 15, 2034) | 10/13/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25489541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21905468 |  |
| **Octagon 60, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(9), (Estimated yield 20.06%, maturity October 20, 2035) | 09/08/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29892020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28600000 |  |
| **OFSI BSL VIII, Ltd.** |  |  |  |  |  |
| CLO preferred shares(5)(7), (Estimated yield 0.00%, maturity August 16, 2029) | 04/26/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3682442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850000 |  |
| **OZLM VII, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity July 17, 2029) | 01/29/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21891673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3829009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704361 |  |
| **OZLM IX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.54%, maturity October 20, 2031) | 06/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2297885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1755000 |  |
| **OZLM XIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.94%, maturity July 15, 2034) | 12/07/2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31810472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14354648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10464546 |  |
| **OZLM XIX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 22.48%, maturity January 15, 2035) | 04/29/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17165020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14846852 |  |
| **Race Point IX CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 10.54%, maturity October 15, 2030) | 06/23/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2394474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431005 |  |
| *(Continued on next page)* |  |  |  |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments - (continued)</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments (continued)</u>** |  |  |  |  |  |
| **Regatta Charlie** |  |  |  |  |  |
| CLO subordinated warehouse notes(4)(5)(7), (Estimated yield 13.95%, maturity July 13, 2023) | 02/04/2022 | $6693750 | $6693750 | $6693750 |  |
| **Regatta VI Funding Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(8), (Estimated yield 9.67%, maturity April 20, 2034) | 10/21/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11536532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7790673 |  |
| **Regatta XVIII Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8)(11), (Estimated yield 18.45%, maturity January 15, 2034) | 02/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28886856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22267730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19433472 |  |
| **Regatta XXII Funding Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.94%, maturity July 20, 2035) | 05/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17997977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17760000 |  |
| **Regatta XXIII Funding Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(8)(11), (Estimated yield 16.26%, maturity January 20, 2035) | 11/04/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22496000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18510415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14788878 |  |
| **Riserva CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.36%, maturity January 18, 2034) | 03/18/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1385188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1152000 |  |
| **Rockford Tower CLO 2022-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.20%, maturity July 20, 2035) | 05/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34068750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27988065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22144688 |  |
| **Rockland Park CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 15.96%, maturity April 20, 2034) | 04/26/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23250864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18644213 |  |
| **Romark CLO – V Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7)(8), (Estimated yield 15.50%, maturity January 15, 2035) | 11/18/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21030726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15204783 |  |
| **Shackleton 2013-IV-R CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 26.58%, maturity April 13, 2031) | 08/14/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7415740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3512025 |  |
| **Shackleton 2014-V-R CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 14.51%, maturity May 07, 2031) | 09/17/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7544590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4357500 |  |
| **Signal Peak CLO 9, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 17.39%, maturity July 21, 2034) | 07/19/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19252706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15316200 |  |
| **Sound Point CLO V-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 5.89%, maturity July 18, 2031) | 05/04/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6849124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1557500 |  |
| **Sound Point CLO VI-R, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity October 20, 2031) | 05/01/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24656983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5411947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862994 |  |
| **Sound Point CLO XX, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 5.54%, maturity July 26, 2031) | 07/07/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7184249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2210000 |  |
| **TCW CLO 2021-2, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 23.89%, maturity July 25, 2034) | 10/13/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3831007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3736250 |  |
| **Telos CLO 2013-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 0.00%, maturity July 17, 2026) | 01/25/2013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14332210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6266409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1433 |  |
| **Telos CLO 2013-4, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 0.00%, maturity January 17, 2030) | 07/11/2013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4817476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446615 |  |
| **Telos CLO 2014-6, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity January 17, 2027) | 11/08/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9166640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2140 |  |
| **THL Credit Wind River 2017-1 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 12.41%, maturity April 18, 2036) | 02/02/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9018587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6205473 |  |
| **THL Credit Wind River 2018-3 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.15%, maturity January 20, 2031) | 03/02/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18234748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13462000 |  |
| **Tralee CLO II, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity July 20, 2029) | 06/06/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1683974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63000 |  |
| **Tralee CLO IV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 0.00%, maturity January 20, 2030) | 12/21/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5738262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403871 |  |
| **Venture XV CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 0.00%, maturity July 15, 2032) | 01/31/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15992521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5346426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1919103 |  |
| **Venture XVII CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 0.00%, maturity April 15, 2027) | 01/09/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6500428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574955 |  |
| **Venture XX CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11), (Estimated yield 0.00%, maturity April 15, 2027) | 07/27/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Venture XXI CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity July 15, 2027) | 08/16/2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13459356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 |  |
| **Venture XXII CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.66%, maturity January 15, 2031) | 02/09/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9649023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5365000 |  |
| **Venture XXIII CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 30.78%, maturity July 19, 2034) | 05/24/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1431998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1113750 |  |
| *(Continued on next page)* |  |  |  |  |  |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** | **OXFORD LANE CAPITAL CORP.** |
| **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** | **SCHEDULE OF INVESTMENTS - (continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
| **COMPANY/INVESTMENT<sup>(1)(13)(14)</sup>** | **ACQUISITION DATE<sup>(15)</sup>** | **PRINCIPAL AMOUNT/SHARES** | **COST** | **FAIR VALUE<sup>(2)</sup>** | **% of Net Assets** |
| **<u>Collateralized Loan Obligation - Equity Investments - (continued)</u>** |  |  |  |  |  |
| **<u>Structured Finance - Equity Investments (continued)</u>** |  |  |  |  |  |
| **Venture XXV CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 15.58%, maturity April 20, 2029) | 09/25/2020 | $13750000 | $3560941 | $2431170 |  |
| **Venture 37 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 6.89%, maturity July 15, 2032) | 05/28/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5972187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3485000 |  |
| **Venture 40 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11), (Estimated yield 0.00%, maturity November 24, 2031) | 10/16/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |  |
| **Venture 41 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.27%, maturity January 20, 2034) | 04/06/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7304540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5850000 |  |
| **Venture 42 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 18.28%, maturity April 15, 2034) | 03/15/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5840318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4639245 |  |
| **Venture 44 CLO, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.38%, maturity October 20, 2034) | 08/16/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19612190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15221250 |  |
| **Vibrant CLO III, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 21.81%, maturity October 20, 2031) | 02/05/2019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9276104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4462500 |  |
| **Vibrant CLO XIV, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 19.78%, maturity October 20, 2034) | 08/17/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17009652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15189000 |  |
| **Voya CLO 2020-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 16.86%, maturity July 16, 2034) | 03/08/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12220761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10075000 |  |
| **Voya CLO 2020-3, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 18.76%, maturity October 20, 2031) | 05/03/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8538721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7455000 |  |
| **Wellfleet 2016-2 CLO, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity October 20, 2028) | 09/28/2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5526581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660000 |  |
| **Wellfleet CLO X, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8)(11), (Estimated yield 21.01%, maturity July 20, 2032) | 12/03/2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4009639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2427105 |  |
| **Wellfleet CLO 2017-1, Ltd.** |  |  |  |  |  |
| CLO income notes(5)(7), (Estimated yield 0.00%, maturity April 20, 2029) | 11/03/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 |  |
| **West CLO 2014-1, Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(10)(11), (Estimated yield 0.00%, maturity July 18, 2026) | 11/16/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162000 |  |
| **Wind River 2021-2 CLO Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 19.83%, maturity July 20, 2034) | 05/14/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23946590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19581813 |  |
| **York CLO-5 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(8), (Estimated yield 17.68%, maturity October 22, 2031) | 05/20/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14140749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10559496 |  |
| **York CLO-2 Ltd.** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 31.64%, maturity January 22, 2031) | 05/18/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8029000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3458702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3091165 |  |
| **Zais CLO 7, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity April 15, 2030) | 06/29/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2298950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920000 |  |
| **Zais CLO 8, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7)(11), (Estimated yield 0.00%, maturity April 15, 2029) | 02/23/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1458296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455000 |  |
| **Zais CLO 9, Limited** |  |  |  |  |  |
| CLO subordinated notes(5)(7), (Estimated yield 0.00%, maturity July 20, 2031) | 06/19/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6559281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2921000 |  |
| **Other CLO equity related investments** |  |  |  |  |  |
| **Point AU Roche Park CLO, Ltd.** |  |  |  |  |  |
| CLO M1 fee notes, (Maturity July 20, 2031) | 5/28/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131869 |  |
| **Point AU Roche Park CLO, Ltd.** |  |  |  |  |  |
| CLO M2 fee notes, (Maturity July 20, 2034) | 5/28/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251385 |  |
| **Rockford Tower CLO 2021-3, Ltd.** |  |  |  |  |  |
| CLO fee notes(11), (Maturity October 20, 2034) | 9/22/2021 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407606 |  |
| CLO other(8) | Various<sup>(16)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3179329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2109098 |  |
| **Total Structured Finance - Equity Investments** |  |  | $1600130603 | $1155488607 | 149.16% |
| **Total Collateralized Loan Obligation - Equity Investments** |  |  | $1600130603 | $1155488607 | 149.16% |
| **Total Investments** |  |  | **$1659373898** | **$1205671878** | **155.64%** |
| **<u>Cash Equivalents</u>** |  |  |  |  |  |
| First American Government Obligations Fund, Class Z Shares<sup>(12)(18)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44716689 | $44716689 | $44716689 |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Cash Equivalents** |  |  | **$44716689** | **$44716689** | **5.78%** |
| **Total Investments and Cash Equivalents** |  |  | **$1704090587** | **$1250388567** | **161.42%** |
| *(Continued on next page)* |  |  |  |  |  |

---

---

| |
|:---|
| (1) We do not "control" and are not an "affiliate" of any of our portfolio companies, each as defined in the Investment Company Act of 1940, as amended (the "1940 Act"). |
| &nbsp;&nbsp;&nbsp;&nbsp; In general, under the 1940 Act, we would be presumed to "control" a portfolio company if we owned more than 25% of its voting securities and would be an "affiliate" of a portfolio company if we owned 5% or more of its voting securities. |
| (2) Fair value is determined in good faith by the Board of Directors of the Fund. |
| (3) Cost value reflects accretion of original issue discount or market discount. |
| (4) The subordinated shares represent an investment in a warehouse facility, which is a financing structure intended to aggregate loans that may be used to form the basis of a CLO vehicle. |
| (5) Cost value reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO equity investments. |
| (6) The CLO secured notes generally bear interest at a rate determined by reference to the three-month London Interbank Offered Rate "LIBOR" which resets quarterly. For each CLO debt investment, the rate |
| &nbsp;&nbsp;&nbsp;&nbsp; provided is as of December 31, 2022. |
| (7) The CLO subordinated notes, preferred shares and income notes are considered equity positions in the CLO funds. Equity investments are entitled to recurring distributions which are generally equal to |
| &nbsp;&nbsp;&nbsp;&nbsp; the remaining cash flow of the payments made by the underlying fund's securities less contractual payments to debt holders and fund expenses. The estimated yield indicated is based upon |
| &nbsp;&nbsp;&nbsp;&nbsp; a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically |
| &nbsp;&nbsp;&nbsp;&nbsp; reviewed and adjusted, and the estimated yield may not ultimately be realized. |
| (8) Fair value includes the Fund's interest in subordinated fee notes, and represents discounted cash flows associated with fees earned from CLO equity investments. |
| (9) Investment has not made inaugural distribution for relevant period end. Please refer to "Note 3. Summary of Significant Accounting Policies - Investment Income" in OXLC's most recently filed Form N-CSR |
| &nbsp;&nbsp;&nbsp;&nbsp; for the six months ended September 30, 2022. |
| (10) The CLO equity investment was optionally redeemed. Please refer to "Note 3. Summary of Significant Accounting Policies - Securities Transactions" in OXLC's most recently filed Form N-CSR for the six months ended September 30, 2022. |
| (11) Investment is co-invested with the Fund's affiliates. See "Note 5. Related Party Transactions" in OXLC's most recently filed Form N-CSR for the six months ended September 30, 2022. |
| (12) Represents cash equivalents held in a money market account as of December 31, 2022. |
| (13) The fair value of the investment was determined using significant unobservable inputs. Please refer to "Note 4. Fair Value" in OXLC's most recently filed Form N-CSR for the six months ended September 30, 2022. |
| (14) The Fund generally acquires its investments in transactions not subject to registration under the Securities Act of 1933, as amended (the "Securities Act"). 'These investments are generally subject to |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; restrictions as "restricted securities" (within the meaning of the Securities Act). |
| (15) Acquisition date represents the initial date of purchase. |
| (16) Cost and fair value total represents multiple investments which were purchased within one year prior to December 31, 2022. |
| (17) The principal balance outstanding for this debt investment, in whole or in part, is indexed to the 90-day Secured Overnight Financing Rate "SOFR". |
| (18) Investment represents greater than 5% of net assets. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Oxford Lane Capital Corp.

- **b. Investment Company Act file number:** 811-22432

- **c. CIK number of Registrant:** 0001495222

- **d. LEI of Registrant:** 549300G3KO4JNQQD7Z72

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

  - **Street Address 1:** 8 Sound Shore Drive

  - **City:** Greenwich

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06830

  - **Telephone number:** 203-983-5275

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

- **a. Name of Series:** Oxford Lane Capital Corp.

- **c. LEI of Series:** 549300G3KO4JNQQD7Z72

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1266594406.00

**Total Liabilities:** $492466837.00

**Net Assets:** $774127569.00

**Cash Not Reported:** $44716689.19

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 4.35%                | -1.97%               | 0.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-366985.36              | $-62151783.32                              |
| Month 2  | $-1900670.79             | $18532435.32                               |
| Month 3  | $757010.03               | $-11125315.00                              |

### Schedule of Portfolio Investments

| Name                                     | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Anchorage Capital CLO LTD                | ANCHORAGE CAPITAL CLO 1-R LTD                   | CUSIP: BCC2FZEY3<br>LEI: 549300L8BI45FDIJHO17 | Long             |  | CORP              | KY        |  11000000 | PA      | $4669323.00   | 0.60%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | CARLYLE US CLO 2017-1 Ltd                       | CUSIP: 14314UAC9<br>LEI: 549300VZ0HS3D307K776 | Long             |  | CORP              | KY        |   7550000 | PA      | $1736500.00   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | Carlyle US CLO 2020-2 Ltd                       | CUSIP: 14315HAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  17225000 | PA      | $10335000.00  | 1.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cathedral Lake LTD                       | Cathedral Lake CLO 2013 Ltd                     | CUSIP: 14918DAC7<br>LEI: 549300V711IFCX6W8E15 | Long             |  | CORP              | KY        |  21350000 | PA      | $854000.00    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                        | Cedar Funding IV CLO Ltd                        | CUSIP: 150322AC9<br>LEI: 549300PPJP6KEORGHQ85 | Long             |  | CORP              | KY        |  39781225 | PA      | $18896081.87  | 2.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                        | Cedar Funding VIII Clo Ltd                      | CUSIP: 15032GAC8<br>LEI: 549300PTCF9P2JDL1E69 | Long             |  | CORP              | KY        |  19126500 | PA      | $8798190.00   | 1.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                        | Cedar Funding XII CLO Ltd                       | CUSIP: 15033KAB0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  20008575 | PA      | $13405745.25  | 1.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                        | Cedar Funding XV CLO Ltd                        | CUSIP: 15032WAC3<br>LEI: 5493002XZZZCKFWQIL45 | Long             |  | CORP              | KY        |  21735000 | PA      | $15214500.00  | 1.97%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Battalion CLO LTD                        | Battalion CLO VII Ltd                           | CUSIP: 07131YAC6<br>LEI: 5493000R542V1ZNEEG67 | Long             |  | CORP              | KY        |  26900000 | PA      | $591800.00    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Crestline Denali CLO XVI, Ltd.           | Crestline Denali CLO XVI Ltd                    | CUSIP: 22615GAC9<br>LEI: 2549008AB2W065F6TK51 | Long             |  | CORP              | KY        |  22000000 | PA      | $5060000.00   | 0.65%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 53 CLO Ltd                               | CUSIP: 26243FAA6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6640783 | PA      | $1793011.41   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 86 CLO Ltd                               | CUSIP: 26246AAC0<br>LEI: 25490017VKY7XEFZL303 | Long             |  | CORP              | KY        |  31375000 | PA      | $18197500.00  | 2.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 33 Senior Loan Fund                      | CUSIP: 26249HAQ1<br>LEI: 5493003BMKJ887403407 | Long             |  | CORP              | KY        |   9600000 | PA      | $48000.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | Carlyle Global Market Strategies CLO 2014-5 Ltd | CUSIP: 14311BAE0<br>LEI: 549300ODZUR61VZRRZ07 | Long             |  | CORP              | KY        |   7134333 | PA      | $1284179.94   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | CARLYLE US CLO 2021-8 LTD                       | CUSIP: 143117AE9<br>LEI: N/A                  | Long             |  | CORP              | KY        |  42537500 | PA      | $26373250.00  | 3.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cent CLO LP                              | Cent CLO 22 Ltd                                 | CUSIP: 15137GAE8<br>LEI: 549300C1R4TPBBMHW903 | Long             |  | CORP              | KY        |  40000000 | PA      | $2400000.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 75 CLO Ltd                               | CUSIP: 26252KAC9<br>LEI: 254900JFO9XUH2EREJ70 | Long             |  | CORP              | KY        |   2120000 | PA      | $1472756.00   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| B&M CLO LTD                              | B&M CLO 2014-1 Ltd                              | CUSIP: 05509TAE1<br>LEI: 549300501PWQXBETQS11 | Long             |  | CORP              | KY        |  22000000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atrium CDO Corp                          | Madison Park Funding XLI Ltd                    | CUSIP: 04965CAQ1<br>LEI: 549300O252OCTN35RH57 | Long             |  | CORP              | KY        |   6105000 | PA      | $5747857.50   | 0.74%             | 2027-04-22      | Floating      | 7.12%                 | Yes           |                  3 | On Loan: No      |
| Apidos CLO                               | Apidos CLO XXIII                                | CUSIP: 03766QAE0<br>LEI: 635400C39IXGGYE6DH05 | Long             |  | CORP              | KY        |   5000000 | PA      | $3011400.00   | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO                               | Apidos CLO XXIV                                 | CUSIP: 03762XAB5<br>LEI: 549300PPHIOJQEKPJH29 | Long             |  | CORP              | KY        |   5000000 | PA      | $1750000.00   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                      | Apex Credit CLO 2019-II Ltd                     | CUSIP: 03755DAC6<br>LEI: 549300OKB854VBBC1981 | Long             |  | CORP              | KY        |   4500000 | PA      | $2013236.00   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                      | Apex Credit Clo 2018-I Ltd                      | CUSIP: 03754MAE3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  12420000 | PA      | $2221550.00   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AIG CLO Ltd                              | AIG CLO 2021-2 LLC                              | CUSIP: 00142HAA9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2500000 | PA      | $1700000.00   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| American Money Management Corp           | AMMC CLO 25 Ltd                                 | CUSIP: 00177KAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  19000000 | PA      | $13680000.00  | 1.77%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XXVII CLO Ltd                              | CUSIP: 00191CAC6<br>LEI: 549300BC3E2Y44TL8536 | Long             |  | CORP              | KY        |  27871690 | PA      | $9331790.60   | 1.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XXXVR CLO Ltd                              | CUSIP: 00192TAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7000000 | PA      | $2084902.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aimco                                    | AIMCO CLO Series 2015-A                         | CUSIP: 00900MAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  13548313 | PA      | $7316089.02   | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro CLO Ltd                          | Allegro CLO II-S Ltd                            | CUSIP: 01751FAC9<br>LEI: 635400R1GOVCHJ4SNX58 | Long             |  | CORP              | KY        |   5500000 | PA      | $3999050.00   | 0.52%             | 2028-10-21      | Floating      | 12.10%                | Yes           |                  3 | On Loan: No      |
| ALM Loan Funding                         | ALM XVII Ltd                                    | CUSIP: 02014Q201<br>LEI: 54930081ZGXPKB4CYI89 | Long             |  | CORP              | KY        |   6500000 | PA      | $19500.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital Clo 17 Ltd                    | CUSIP: 03329DAC3<br>LEI: 549300UNU854VTZYQ112 | Long             |  | CORP              | KY        |  22500000 | PA      | $14400000.00  | 1.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital CLO 4-R Ltd                   | CUSIP: 03329JAA4<br>LEI: 549300MP4QPQUMB6AD63 | Long             |  | CORP              | KY        |    900000 | PA      | $725760.00    | 0.09%             | 2031-01-28      | Floating      | 9.87%                 | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital CLO 5-R Ltd                   | CUSIP: 03329YAC7<br>LEI: 549300687XYK5L55VX28 | Long             |  | CORP              | KY        |  25741000 | PA      | $11315123.92  | 1.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apex Credit CLO LLC                      | Apex Credit CLO 2019 LTD                        | CUSIP: 03754BAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  17500000 | PA      | $6903226.00   | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | Carlyle Global Market Strategies CLO 2013-2 Ltd | CUSIP: 14310EAG0<br>LEI: 635400XFOCOSFVGDN267 | Long             |  | CORP              | KY        |   8848067 | PA      | $59246.08     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | Carlyle Global Market Strategies CLO 2013-4 Ltd | CUSIP: 143108AA6<br>LEI: 549300TYZXFDHLTKDG17 | Long             |  | CORP              | KY        |  14500000 | PA      | $2827500.00   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BENEFIT ST PARTNERS CLO                  | Benefit Street Partners CLO V Ltd               | CUSIP: 08180M205<br>LEI: 549300E7VMVNVKXVY242 | Long             | EP               | CORP              | KY        |     11500 | NS      | $80500.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain CLO 2015-4 Ltd                     | CUSIP: 095766AE1<br>LEI: 549300EB3KHH9T7ICE44 | Long             |  | CORP              | KY        |   9644700 | PA      | $2555845.50   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REGATF23 - FEELTR                        | REGATF23 - FEELTR                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  22496000 | NS      | $391438.22    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPSL2218 Warehouse Equity                | HPSL2218 Warehouse Equity                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   3128125 | NS      | $3128125.00   | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                   | Rockford Tower CLO 2022-1 Ltd                   | CUSIP: 77340KAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  34068750 | PA      | $22144687.50  | 2.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAG60 - FEELTR                         | OCTAG60 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  35750000 | NS      | $1329305.51   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLMF3- Fee Letter                       | OZLMF3- Fee Letter                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  12000000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OFSI Fund LTD                            | OFSI BSL VIII Ltd                               | CUSIP: BCC2DYQN9<br>LEI: 254900VR4BMP1BVIS878 | Long             |  | CORP              | KY        |   4000000 | PA      | $2991200.00   | 0.39%             | 2029-08-16      | Floating      | 10.47%                | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XX           | Octagon Investment Partners XXII Ltd            | CUSIP: BCC289BN6<br>LEI: 549300MQ9W5DWZ8QX450 | Long             |  | CORP              | KY        |   1431250 | PA      | $279093.75    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman CLO Ltd                 | Neuberger Berman CLO XIV Ltd                    | CUSIP: BCC22PXS1<br>LEI: 549300Z5ZNFT7IECFZ07 | Long             |  | CORP              | KY        |   7800000 | PA      | $1872000.00   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XXI Ltd                    | CUSIP: BCC2BIUX9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7000000 | PA      | $3780000.00   | 0.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COLCT28 - FEELTR                         | COLCT28 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  40000000 | NS      | $142395.39    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ECP146 - FEELTR                          | ECP146 - FEELTR                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  32000000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MP Clo VIII, LTD                         | MP CLO VIII Ltd                                 | CUSIP: BCC29RSQ0<br>LEI: 549300D60LKSR31DKI65 | Long             |  | CORP              | KY        |  11000000 | PA      | $2970000.00   | 0.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital CLO 5-R Ltd                   | CUSIP: BCC2F9DF3<br>LEI: 549300687XYK5L55VX28 | Long             |  | CORP              | KY        |   1575000 | PA      | $692332.08    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital CLO 7 Ltd                     | CUSIP: BCC29TPK2<br>LEI: 54930014PVHLSZJQK139 | Long             |  | CORP              | KY        |   5000000 | PA      | $1725000.00   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPSL2116- Fee Letter                     | HPSL2116- Fee Letter                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  24174000 | NS      | $775987.79    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atrium CDO Corp                          | Madison Park Funding XLI Ltd                    | CUSIP: 04964YAE1<br>LEI: 549300O252OCTN35RH57 | Long             |  | CORP              | KY        |  39075000 | PA      | $12894750.00  | 1.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vibrant CLO Ltd                          | Vibrant CLO Ltd                                 | CUSIP: BCC31ZSH8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24900000 | PA      | $15189000.00  | 1.96%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vibrant CLO Ltd                          | Vibrant Clo III Ltd                             | CUSIP: BCC28NB05<br>LEI: 54930073XIEUISQCY218 | Long             |  | CORP              | KY        |  11250000 | PA      | $1912500.00   | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain CLO 2015-4 Ltd                     | CUSIP: 095766AG6<br>LEI: 549300EB3KHH9T7ICE44 | Long             |  | CORP              | KY        |    837000 | PA      | $654115.50    | 0.08%             | 2030-04-20      | Floating      | 10.19%                | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain CLO 2016-3 Ltd                     | CUSIP: 09628XAB6<br>LEI: 549300EYIDIF4X8MHI21 | Long             |  | CORP              | KY        |   7397500 | PA      | $2515150.00   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain Fuji US Clo II Ltd                 | CUSIP: 09629HAA2<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2100000 | PA      | $1644300.00   | 0.21%             | 2030-10-20      | Floating      | 10.39%                | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain Fuji US Clo II Ltd                 | CUSIP: 09629HAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31480000 | PA      | $10388400.00  | 1.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain CLO 2018-1 Ltd                     | CUSIP: 09629UAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   8500000 | PA      | $5516500.00   | 0.71%             | 2030-07-30      | Floating      | 12.62%                | Yes           |                  3 | On Loan: No      |
| Bluemountain CLO Ltd                     | BlueMountain CLO 2018-1 Ltd                     | CUSIP: 09629UAE5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  13000000 | PA      | $2080000.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CBAM CLO Management                      | CBAM 2021-14 Ltd                                | CUSIP: 12511HAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  20050000 | PA      | $10626500.00  | 1.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding Ltd                         | CIFC Funding 2014-III Ltd                       | CUSIP: 12549TAA7<br>LEI: 549300KEIUMRD7WX5J42 | Long             |  | CORP              | KY        |   8225000 | PA      | $1398250.00   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding Ltd                         | CIFC Funding 2021-VII Ltd                       | CUSIP: 12567KAC9<br>LEI: 54930089HD7KU5NUS092 | Long             |  | CORP              | KY        |  27435000 | PA      | $18930150.00  | 2.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XXII Funding Ltd.                | Regatta XXII Funding Ltd                        | CUSIP: 758969AC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24000000 | PA      | $17760000.00  | 2.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                 | OZLM VII Ltd                                    | CUSIP: 67108XAF4<br>LEI: N/A                  | Long             |  | CORP              | KY        |    667647 | PA      | $21481.43     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower CLO Ltd                   | Rockford Tower CLO 2022-1 Ltd                   | CUSIP: 77340KAA0<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3750000 | PA      | $3225000.00   | 0.42%             | 2035-07-20      | Floating      | 11.30%                | Yes           |                  3 | On Loan: No      |
| HIBLM143FEELTR - Fee Letter              | HIBLM143FEELTR - Fee Letter                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  25500000 | NS      | $67111.67     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                 | OZLM IX Ltd                                     | CUSIP: BCC28B9M6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2250000 | PA      | $303750.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                     | Signal Peak CLO 9 Ltd                           | CUSIP: BCC31MV00<br>LEI: N/A                  | Long             |  | CORP              | KY        |    750000 | PA      | $502500.00    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXI CLO                          | Venture XXI CLO Ltd                             | CUSIP: BCC29EXY6<br>LEI: 5493001C8B2BF8JNTO68 | Long             |  | CORP              | KY        |   1750000 | PA      | $1089900.00   | 0.14%             | 2027-07-15      | Floating      | 10.68%                | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital CLO 4-R Ltd                   | CUSIP: BCC2FF5G6<br>LEI: 549300MP4QPQUMB6AD63 | Long             |  | CORP              | KY        |   1000000 | PA      | $395000.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atlas Senior Loan Fund LTD               | Atlas Senior Loan Fund Ltd                      | CUSIP: 04943FAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6000000 | PA      | $2940000.00   | 0.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares LVII CLO Ltd                               | CUSIP: 04017UAC0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21200000 | PA      | $11610793.00  | 1.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood CLO V Ltd                        | Elmwood CLO V Ltd                               | CUSIP: 29003AAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10400000 | PA      | $9880000.00   | 1.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Highbridge Loan Management Ltd           | HPS Loan Management 10-2016 Ltd                 | CUSIP: 40436UAC7<br>LEI: 2549009NI8GVCM3ROT27 | Long             |  | CORP              | KY        |  24460380 | PA      | $8438831.10   | 1.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Harriman Park CLO                        | Harriman Park CLO LTD                           | CUSIP: 413718AC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2000000 | PA      | $1340000.00   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KVK CLO Ltd                              | KVK CLO 2013-1 Ltd                              | CUSIP: 48274GAB8<br>LEI: 5493007VGL59COTLZY21 | Long             |  | CORP              | KY        |   3950000 | PA      | $711000.00    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Highbridge Loan Management Ltd           | Highbridge Loan Management 5-2015 Ltd           | CUSIP: 42982BAE9<br>LEI: 54930067MZ9NV8B3SZ80 | Long             |  | CORP              | KY        |  18125000 | PA      | $4082656.25   | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HPS Investment Partners                  | Highbridge Loan Management 2013-2 Ltd           | CUSIP: 44330FAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   2500000 | PA      | $1721500.00   | 0.22%             | 2029-10-20      | Floating      | 12.49%                | Yes           |                  3 | On Loan: No      |
| Elevation CLO Ltd                        | Elevation CLO 2021-12 Ltd                       | CUSIP: 28623NAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  27190000 | PA      | $11963600.00  | 1.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Highbridge Loan Management Ltd           | Highbridge Loan Management 5-2015 Ltd           | CUSIP: 44330XAC0<br>LEI: 54930067MZ9NV8B3SZ80 | Long             |  | CORP              | KY        |   3425000 | PA      | $2269405.00   | 0.29%             | 2030-10-15      | Floating      | 12.08%                | Yes           |                  3 | On Loan: No      |
| JFIN CLO Ltd                             | JFIN CLO 2015-II Ltd                            | CUSIP: 46618PAC5<br>LEI: 254900VJGL23NNLC3592 | Long             |  | CORP              | KY        |   5750000 | PA      | $1477271.00   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                      | MidOcean Credit CLO VI                          | CUSIP: 59802WAJ4<br>LEI: 549300YUUBR2C1GYW366 | Long             |  | CORP              | KY        |   4000000 | PA      | $2839200.00   | 0.37%             | 2033-04-20      | Floating      | 12.25%                | Yes           |                  3 | On Loan: No      |
| Milford Park CLO, Ltd.                   | Milford Park CLO LLC                            | CUSIP: 59967DAC2<br>LEI: N/A                  | Long             |  | CORP              | JE        |   1000000 | PA      | $888200.00    | 0.11%             | 2035-07-20      | Floating      | 13.28%                | Yes           |                  3 | On Loan: No      |
| Milford Park CLO, Ltd.                   | Milford Park CLO LLC                            | CUSIP: 59967DAE8<br>LEI: N/A                  | Long             |  | CORP              | JE        |  32960000 | PA      | $27027200.00  | 3.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Point Au Roche Park CLO, Ltd             | Point Au Roche Park CLO Ltd                     | CUSIP: 73052WAE3<br>LEI: 5493000RMLD359CPH591 | Long             |  | CORP              | KY        |  12320000 | PA      | $131868.66    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XV           | Octagon Investment Partners XVII Ltd            | CUSIP: 67590HAF4<br>LEI: 54930007Y57X4ONHQV20 | Long             |  | CORP              | KY        |   5000000 | PA      | $750000.00    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ICG US CLO Ltd                           | ICG US CLO 2018-2 LTD                           | CUSIP: 44933HAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  20000000 | PA      | $7400000.00   | 0.96%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO Ltd                        | Elevation CLO 2017-6 Ltd                        | CUSIP: 28622NAC2<br>LEI: 549300TLJB7OIA4JRG73 | Long             |  | CORP              | KY        |   2500000 | PA      | $1855500.00   | 0.24%             | 2029-07-15      | Floating      | 12.48%                | Yes           |                  3 | On Loan: No      |
| Elevation CLO Ltd                        | Elevation CLO 2020-11 Ltd                       | CUSIP: 28622CAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24000000 | PA      | $12000000.00  | 1.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Highbridge Loan Management Ltd           | HPS Loan Management 2021-16 Ltd                 | CUSIP: 40441AAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  24174000 | PA      | $17405280.00  | 2.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XIII Ltd                   | CUSIP: 55818NAE5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21500000 | PA      | $5267500.00   | 0.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XV Ltd                     | CUSIP: 55818WAC9<br>LEI: 2549008VPXUDXDJNVE02 | Long             |  | CORP              | KY        |  27300000 | PA      | $54600.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XXIV Ltd                   | CUSIP: 55820QAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3568750 | PA      | $1177687.50   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XXVIII Ltd                 | CUSIP: 55821BAE6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   4267000 | PA      | $2088111.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XXXVIII Ltd                | CUSIP: 55821MAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21250000 | PA      | $15725000.00  | 2.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XXX LTD                    | CUSIP: 55822HAE2<br>LEI: 549300FFTJ3WPTJK8589 | Long             |  | CORP              | KY        |  17550000 | PA      | $7654616.00   | 0.99%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LCM Ltd Partnership                      | LCM 35 Ltd                                      | CUSIP: 50203NAC3<br>LEI: 549300KLSB4ZQ2S3TJ95 | Long             |  | CORP              | KY        |  28000000 | PA      | $15914203.00  | 2.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XI Ltd                  | Marble Point CLO XI Ltd                         | CUSIP: 56606RAA8<br>LEI: 549300DBVCVH5X7MO467 | Long             |  | CORP              | KY        |   6000000 | PA      | $840000.00    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XVIII Ltd               | Marble Point CLO XVIII Ltd                      | CUSIP: 566074AC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  26500000 | PA      | $16695000.00  | 2.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                      | MidOcean Credit CLO II                          | CUSIP: 59802TAC6<br>LEI: 549300EKSLXKVD2RWW61 | Long             |  | CORP              | KY        |  13600000 | PA      | $680000.00    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                      | MidOcean Credit CLO III                         | CUSIP: 59802VAE7<br>LEI: 549300XSCUX0ONI5KZ96 | Long             |  | CORP              | KY        |  16650000 | PA      | $999000.00    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MidOcean Credit CLO                      | MidOcean Credit CLO VI                          | CUSIP: 59802WAC9<br>LEI: 549300YUUBR2C1GYW366 | Long             |  | CORP              | KY        |  29700000 | PA      | $12028500.00  | 1.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Longfellow Place CLO Ltd                 | Longfellow Place CLO Ltd                        | CUSIP: 54303NAH3<br>LEI: 549300FY38ZCUKZQU403 | Long             |  | CORP              | KY        |   4174197 | PA      | $1523999.32   | 0.20%             | 2029-04-15      | Floating      | 12.58%                | Yes           |                  3 | On Loan: No      |
| Kings Park CLO Ltd                       | Kings Park CLO Ltd                              | CUSIP: 496097AC0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  30552500 | PA      | $21997800.00  | 2.84%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Riserva CLO, Ltd.                        | Riserva Clo Ltd                                 | CUSIP: 76761TAC9<br>LEI: 549300640C8OB2I8SN35 | Long             |  | CORP              | KY        |   2400000 | PA      | $1152000.00   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XV           | Octagon Investment Partners XVII Ltd            | CUSIP: 67590HAL1<br>LEI: 54930007Y57X4ONHQV20 | Long             |  | CORP              | KY        |   4300500 | PA      | $645075.00    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 38           | Octagon Investment Partners 38 Ltd              | CUSIP: 67591XAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10000000 | PA      | $3900000.00   | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40           | Octagon Investment Partners 40 Ltd              | CUSIP: 67592EAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |   7000000 | PA      | $3780000.00   | 0.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon 57 Ltd                           | Octagon 57 Ltd                                  | CUSIP: 67592YAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31725000 | PA      | $21284534.00  | 2.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO Ltd                              | OCP CLO 2021-22 Ltd                             | CUSIP: 67118J205<br>LEI: 254900PS626FB00CVF06 | Long             |  | CORP              | KY        |   4950000 | PA      | $3663000.00   | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO Ltd                              | OCP CLO 2021-22 Ltd                             | CUSIP: 67118JAC0<br>LEI: 254900PS626FB00CVF06 | Long             |  | CORP              | KY        |   3000000 | PA      | $2220000.00   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oaktree CLO Ltd                          | Oaktree CLO 2018-1 Ltd                          | CUSIP: 67400HAC1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  11000000 | PA      | $4070000.00   | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Eaton Vance CDO Ltd                      | Eaton Vance Clo 2015-1 Ltd                      | CUSIP: 27830LAA0<br>LEI: 5493008YP5U5LTXAO749 | Long             |  | CORP              | KY        |   2500000 | PA      | $537500.00    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Man GLG US CLO 2018-2 Ltd                | Man GLG US CLO 2018-2 Ltd                       | CUSIP: 26829AAE1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  32000000 | PA      | $64000.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 106 CLO Ltd                              | CUSIP: 26254TAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  29477500 | PA      | $23582000.00  | 3.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XL CLO Ltd                                 | CUSIP: 04016HAB2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  31683000 | PA      | $5427570.00   | 0.70%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO                               | Apidos CLO XVIII                                | CUSIP: 03767QAE9<br>LEI: 549300LPFPUEJZX23R93 | Long             |  | CORP              | KY        |   7500000 | PA      | $3262500.00   | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apidos CLO                               | Apidos CLO XXXIV                                | CUSIP: 03768XAE3<br>LEI: 5493001VH1Y9SEPJKZ47 | Long             |  | CORP              | KY        |   9950000 | PA      | $6766000.00   | 0.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares LXVII CLO Ltd                              | CUSIP: 039940AC5<br>LEI: N/A                  | Long             |  | CORP              | JE        |   9180000 | PA      | $7344000.00   | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XXXVII CLO Ltd                             | CUSIP: 04015QAD9<br>LEI: 635400YF4AHA6NB2CU53 | Long             |  | CORP              | KY        |  25000000 | PA      | $5903242.00   | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XXXVII CLO Ltd                             | CUSIP: 04015QAG2<br>LEI: 635400YF4AHA6NB2CU53 | Long             |  | CORP              | KY        |   6000000 | PA      | $3884400.00   | 0.50%             | 2030-10-15      | Floating      | 11.35%                | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | ARES XLVI CLO Ltd                               | CUSIP: 04016UAU1<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6400000 | PA      | $2396325.01   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park XLIV                        | Atrium XV                                       | CUSIP: 04965EAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21000000 | PA      | $10920000.00  | 1.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XLIX CLO Ltd                               | CUSIP: 04017KAC2<br>LEI: 549300FI9E5EZIMPA581 | Long             |  | CORP              | KY        |   3600000 | PA      | $1242278.00   | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                 | OZLM XIX Ltd                                    | CUSIP: 67112DAC9<br>LEI: 5493009C40QUU66J8E83 | Long             |  | CORP              | KY        |  34000000 | PA      | $14846852.00  | 1.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares LXI CLO Ltd                                | CUSIP: 04019EAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  13000000 | PA      | $8645000.00   | 1.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OFSI Fund LTD                            | OFSI BSL VIII Ltd                               | CUSIP: 67111PAA7<br>LEI: 254900VR4BMP1BVIS878 | Long             |  | CORP              | KY        |   3679104 | PA      | $367910.40    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                 | OZLM XIV Ltd                                    | CUSIP: 67110JAE4<br>LEI: 549300Y1XB6AVMQY8652 | Long             |  | CORP              | KY        |  31810472 | PA      | $10464546.20  | 1.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Point Au Roche Park CLO, Ltd             | Point Au Roche Park CLO Ltd                     | CUSIP: 73052WAG8<br>LEI: 5493000RMLD359CPH591 | Long             |  | CORP              | KY        |  12320000 | PA      | $251385.15    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nassau 2017-II LTD                       | Nassau 2017-II Ltd                              | CUSIP: 631710AA8<br>LEI: 549300UA9BSPM14TR379 | Long             |  | CORP              | KY        |   7030000 | PA      | $4260883.00   | 0.55%             | 2030-01-15      | Floating      | 10.33%                | Yes           |                  3 | On Loan: No      |
| Regatta XVIII Funding Ltd                | Regatta XVIII Funding Ltd                       | CUSIP: 75884HAB1<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28886856 | PA      | $19065324.96  | 2.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta VI Funding Ltd.                  | Regatta VI Funding Ltd                          | CUSIP: 75887NBE8<br>LEI: 2549001NU08X5ZRD6A39 | Long             |  | CORP              | KY        |  42000000 | PA      | $127100.53    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta VI Funding Ltd.                  | Regatta VI Funding Ltd                          | CUSIP: 75887NBG3<br>LEI: 2549001NU08X5ZRD6A39 | Long             |  | CORP              | KY        |  42000000 | PA      | $953572.08    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta VI Funding Ltd.                  | Regatta VI Funding Ltd                          | CUSIP: 75887PAC8<br>LEI: 2549001NU08X5ZRD6A39 | Long             |  | CORP              | KY        |  22000000 | PA      | $6710000.00   | 0.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta XXIII Funding Ltd                | Regatta XXIII Funding Ltd                       | CUSIP: 75889GAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  22496000 | PA      | $14397440.00  | 1.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners 48           | Octagon Investment Partners 48 Ltd              | CUSIP: 67577QAC8<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10250000 | PA      | $7585000.00   | 0.98%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XX           | Octagon Investment Partners XXII Ltd            | CUSIP: 67574QAH0<br>LEI: 549300MQ9W5DWZ8QX450 | Long             |  | CORP              | KY        |   1000000 | PA      | $195000.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon Investment Partners XX           | Octagon Investment Partners XXII Ltd            | CUSIP: 67574QAG2<br>LEI: 549300MQ9W5DWZ8QX450 | Long             |  | CORP              | KY        |  29623750 | PA      | $5776631.25   | 0.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCP CLO Ltd                              | OCP CLO 2020-18 Ltd                             | CUSIP: 67570T105<br>LEI: 254900MN6N176YEZLX15 | Long             |  | CORP              | KY        |  22500000 | PA      | $8662500.00   | 1.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nassau 2017-II LTD                       | Nassau 2017-II Ltd                              | CUSIP: 631710AB6<br>LEI: 549300UA9BSPM14TR379 | Long             |  | CORP              | KY        |  24400000 | PA      | $976000.00    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Northwoods Capital Ltd                   | Northwoods Capital XIV-B Ltd                    | CUSIP: 66860DAE1<br>LEI: 549300QQDSTCZ860F679 | Long             |  | CORP              | KY        |   6975000 | PA      | $1395000.00   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OZLM Ltd                                 | OZLM VII Ltd                                    | CUSIP: 67108XAE7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  21224026 | PA      | $682879.49    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WNDRVR212- Fee Letter                    | WNDRVR212- Fee Letter                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  30700000 | NS      | $547812.76    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OFSI Fund LTD                            | OFSI BSL VIII Ltd                               | CUSIP: 67111JAC7<br>LEI: 254900VR4BMP1BVIS878 | Long             |  | CORP              | KY        |   4820896 | PA      | $482089.60    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding LII Ltd                    | CUSIP: 55822CAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  15365000 | PA      | $10755500.00  | 1.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| YRKL5- Fee Letter                        | YRKL5- Fee Letter                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  21500000 | NS      | $93870.84     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 53 CLO Ltd                               | CUSIP: BCC2F2RJ5<br>LEI: N/A                  | Long             |  | CORP              | KY        |   3000000 | PA      | $810000.00    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategi           | Carlyle Global Market Strategies CLO 2013-2 Ltd | CUSIP: BCC2201L6<br>LEI: 635400XFOCOSFVGDN267 | Long             |  | CORP              | KY        |   7250000 | PA      | $48545.53     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                            | Telos Clo 2013-3 Ltd                            | CUSIP: BCC20UM21<br>LEI: 25490083G97ZZN6SR263 | Long             |  | CORP              | KY        |   5666667 | PA      | $566.67       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| West CLO Ltd                             | West CLO 2014-1 Ltd                             | CUSIP: BCC279W79<br>LEI: 2549008FQ6ZWGP8NJZ96 | Long             |  | CORP              | KY        |   3000000 | PA      | $24000.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture 44 CLO Ltd                              | CUSIP: 92332QAE8<br>LEI: 5493005RF0X3GB54HH60 | Long             |  | CORP              | KY        |  24750000 | PA      | $15221250.00  | 1.97%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Romark CLO Ltd                           | Romark CLO V Ltd                                | CUSIP: 77588QAC4<br>LEI: 549300NIP2J0NPQTYT18 | Long             |  | CORP              | KY        |  27000000 | PA      | $14850000.00  | 1.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture XXIII CLO Ltd                           | CUSIP: 92331KAU6<br>LEI: 549300BWBX8PTZD3W768 | Long             |  | CORP              | KY        |   4125000 | PA      | $1113750.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                      | Sound Point CLO VI-R LTD                        | CUSIP: 83608YAE7<br>LEI: 5493001FKRL3V2YW2890 | Long             |  | CORP              | KY        |  24656983 | PA      | $862994.41    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                      | Sound Point CLO V Ltd                           | CUSIP: BCC26QYI6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  44500000 | PA      | $1557500.00   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                      | Sound Point CLO V-R LTD                         | CUSIP: 83607GAC1<br>LEI: 549300UPX3H8ENJXHI23 | Long             |  | CORP              | KY        |   1250000 | PA      | $691000.00    | 0.09%             | 2031-07-18      | Floating      | 12.29%                | Yes           |                  3 | On Loan: No      |
| Tralee CLO Ltd                           | Tralee CLO II Ltd                               | CUSIP: BCC223K13<br>LEI: 549300KVMYUNBMVPNK19 | Long             |  | CORP              | KY        |   6300000 | PA      | $63000.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Signal Peak CLO, LLC                     | Signal Peak CLO 10 Ltd                          | CUSIP: 82670VAC2<br>LEI: N/A                  | Long             |  | CORP              | KY        |  22110000 | PA      | $14813700.00  | 1.91%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shackleton CLO LTD                       | Shackleton 2013-IV-R CLO Ltd                    | CUSIP: 81882GAE7<br>LEI: 5493000LHXWSIZGUY418 | Long             |  | CORP              | KY        |  24500000 | PA      | $3512025.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shackleton CLO LTD                       | Shackleton 2014-V-R CLO Ltd                     | CUSIP: 81881NAE3<br>LEI: 549300OM5GJJFIKCOZ48 | Long             |  | CORP              | KY        |  20750000 | PA      | $4357500.00   | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BIGHORN6 Warehouse Equity                | BIGHORN6 Warehouse Equity                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  35670000 | NS      | $35670000.00  | 4.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                    | Rockland Park CLO Ltd                           | CUSIP: 77366PAG5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28750000 | PA      | $540716.01    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                    | Rockland Park CLO Ltd                           | CUSIP: 77366PAE0<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28750000 | PA      | $278497.30    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockland Park CLO Ltd                    | Rockland Park CLO Ltd                           | CUSIP: 77366PAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  28750000 | PA      | $17825000.00  | 2.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sound Point CLO LTD                      | Sound Point Clo XX Ltd                          | CUSIP: 83611HAC3<br>LEI: 549300RTEBF0FW35D815 | Long             |  | CORP              | KY        |  13000000 | PA      | $2210000.00   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TCW CLO 2021-2, Ltd.                     | TCW CLO 2021-2 Ltd                              | CUSIP: 87301QAC9<br>LEI: N/A                  | Long             |  | CORP              | KY        |   6125000 | PA      | $3736250.00   | 0.48%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                            | Telos CLO 2014-6 Ltd                            | CUSIP: 87970XAA8<br>LEI: 549300S94NIRW4K03T89 | Long             |  | CORP              | KY        |  21400000 | PA      | $2140.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shackleton CLO LTD                       | Shackleton 2015-VII-R CLO Ltd                   | CUSIP: 81883BAA5<br>LEI: 549300NCJRO2LKFZ8G86 | Long             |  | CORP              | KY        |   1000000 | PA      | $715500.00    | 0.09%             | 2031-07-15      | Floating      | 10.28%                | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture XVII CLO Ltd                            | CUSIP: BCC26ZBV2<br>LEI: 549300SNYYGJ2M6QEK53 | Long             |  | CORP              | KY        |   4000000 | PA      | $135283.53    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFC Funding Ltd                         | CIFC Funding 2014-III Ltd                       | CUSIP: BCC277UU4<br>LEI: 549300KEIUMRD7WX5J42 | Long             |  | CORP              | KY        |  10000000 | PA      | $1700000.00   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Catskill Park CLO, LTD.                  | Catskill Park CLO Ltd                           | CUSIP: BCC2DFA72<br>LEI: 549300QY7L9WFVGWC115 | Long             |  | CORP              | KY        |   6300000 | PA      | $1134000.00   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais CLO 9, Limited                      | Zais Clo 9 Ltd                                  | CUSIP: 98875PAC4<br>LEI: 549300GT2U4OLB9UL559 | Long             |  | CORP              | KY        |  12700000 | PA      | $2921000.00   | 0.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Generate CLO Ltd.                        | Generate CLO 2 Ltd                              | CUSIP: 98625RAC3<br>LEI: N/A                  | Long             |  | CORP              | KY        |   8029000 | PA      | $3091165.00   | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO Ltd                             | Voya CLO 2020-1 Ltd                             | CUSIP: 92918GAC6<br>LEI: N/A                  | Long             |  | CORP              | KY        |  15500000 | PA      | $10075000.00  | 1.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais CLO 8, Limited                      | Zais CLO 8 Ltd                                  | CUSIP: 98885HAC0<br>LEI: 549300XI7G6FVIEXZ367 | Long             |  | CORP              | KY        |   3500000 | PA      | $455000.00    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Generate CLO Ltd.                        | Generate CLO 5 Ltd                              | CUSIP: 98625MAC4<br>LEI: 635400TYXCFIHMPETY18 | Long             |  | CORP              | KY        |  24625000 | PA      | $10465625.00  | 1.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                       | Wind River 2021-2 CLO Ltd                       | CUSIP: 97315YAC5<br>LEI: N/A                  | Long             |  | CORP              | KY        |  30700000 | PA      | $19034000.00  | 2.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voya CLO Ltd                             | Voya CLO 2020-3 Ltd                             | CUSIP: 92918KAC7<br>LEI: N/A                  | Long             |  | CORP              | KY        |  10500000 | PA      | $7455000.00   | 0.96%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                        | Wellfleet CLO 2017-1 Ltd                        | CUSIP: 94950XAC4<br>LEI: 2549003PA4N7YYXOW035 | Long             |  | CORP              | KY        |   2000000 | PA      | $200000.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                        | Wellfleet CLO X LTD                             | CUSIP: 94949VAC2<br>LEI: 254900A99ZMAJM1OOV76 | Long             |  | CORP              | KY        |   7310000 | PA      | $2412300.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wellfleet CLO Ltd                        | Wellfleet CLO 2016-2 Ltd                        | CUSIP: 94949MAC2<br>LEI: 254900SGJWAIVC8ISP96 | Long             |  | CORP              | KY        |  11000000 | PA      | $660000.00    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais Clo 7 llc                           | Zais Clo 7 Ltd                                  | CUSIP: 98887WAC5<br>LEI: 549300XFDOUEB0QTZS87 | Long             |  | CORP              | KY        |   8000000 | PA      | $800000.00    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| West CLO Ltd                             | West CLO 2014-1 Ltd                             | CUSIP: 95168TAC8<br>LEI: 2549008FQ6ZWGP8NJZ96 | Long             |  | CORP              | KY        |  17250000 | PA      | $138000.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AMMCCL25FLTR - Fee Letter                | AMMCCL25FLTR - Fee Letter                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  19000000 | NS      | $75080.36     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXI CLO                          | Venture XXI CLO Ltd                             | CUSIP: BCC29EY09<br>LEI: 5493001C8B2BF8JNTO68 | Long             |  | CORP              | KY        |  20250000 | PA      | $202500.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocean Trails CLO                         | Ocean Trails CLO VI                             | CUSIP: BCC2B73L9<br>LEI: 549300PZUK1YI58H0Z29 | Long             |  | CORP              | KY        |   4000000 | PA      | $52000.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Marble Point CLO XI Ltd                  | Marble Point CLO XI Ltd                         | CUSIP: BCC2EXTX5<br>LEI: 549300DBVCVH5X7MO467 | Long             |  | CORP              | KY        |   2500000 | PA      | $350000.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Allegro CLO Ltd                          | Allegro CLO II-S Ltd                            | CUSIP: BCC2HJW35<br>LEI: 635400R1GOVCHJ4SNX58 | Long             |  | CORP              | KY        |  20800000 | PA      | $1456000.00   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vibrant CLO Ltd                          | Vibrant Clo III Ltd                             | CUSIP: 92557TAC4<br>LEI: 54930073XIEUISQCY218 | Long             |  | CORP              | KY        |  15000000 | PA      | $2550000.00   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES61- Fee Letter                       | ARES61- Fee Letter                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  13000000 | NS      | $382987.73    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO LTD                | Anchorage Capital CLO 4-R Ltd                   | CUSIP: BCC2FF5G6<br>LEI: 549300MP4QPQUMB6AD63 | Long             |  | CORP              | KY        |   8000000 | PA      | $3160000.00   | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Zais Clo 7 llc                           | Zais Clo 7 Ltd                                  | CUSIP: 98887XAA7<br>LEI: 549300XFDOUEB0QTZS87 | Long             |  | CORP              | KY        |   1200000 | PA      | $120000.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                            | Telos Clo 2013-3 Ltd                            | CUSIP: 87974GAB9<br>LEI: 25490083G97ZZN6SR263 | Long             |  | CORP              | KY        |   3998876 | PA      | $399.89       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture XXII CLO Ltd                            | CUSIP: 92331JAE5<br>LEI: 549300ERIHFJJFMGMG87 | Long             |  | CORP              | KY        |  18500000 | PA      | $5365000.00   | 0.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison Park Funding Ltd                 | Madison Park Funding XV Ltd                     | CUSIP: BCC28EI40<br>LEI: 2549008VPXUDXDJNVE02 | Long             |  | CORP              | KY        |   7000000 | PA      | $14000.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXI CLO                          | Venture XXI CLO Ltd                             | CUSIP: 92330LAA9<br>LEI: 5493001C8B2BF8JNTO68 | Long             |  | CORP              | KY        |   2500000 | PA      | $2033750.00   | 0.26%             | 2027-07-15      | Floating      | 8.88%                 | Yes           |                  3 | On Loan: No      |
| NYACK Park CLO Ltd                       | NYKPK 2021-1A SUB 10/20/2034                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  30000000 | PA      | $22200000.00  | 2.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US67109LAC63_TICC                        | US67109LAC63_TICC                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  10750000 | PA      | $1451250.00   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US67591QAG10_OX                          | US67591QAG10_OX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  10250000 | PA      | $3248938.00   | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Windriver 2017-1 - Fee Letter            | Windriver 2017-1 - Fee Letter                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  11563637 | NS      | $667472.80    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WELF10- Fee Letter                       | WELF10- Fee Letter                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   7310000 | NS      | $14804.76     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VENT25_FeeLetter                         | VENT25_FeeLetter                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  12500000 | NS      | $24919.91     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture 41 Clo Ltd                              | CUSIP: BCC2QIIU3<br>LEI: 549300Q6VG2813TG2830 | Long             |  | CORP              | KY        |   9000000 | PA      | $5850000.00   | 0.76%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                  | Dryden 38 Senior Loan Fund                      | CUSIP: BCC28YAG7<br>LEI: 549300ARO9JRDQL4OE07 | Long             |  | CORP              | KY        |  13100000 | NS      | $3864500.00   | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROCT213- Fee Letter                      | ROCT213- Fee Letter                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  29264625 | NS      | $407605.87    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US92332GAE08_OX                          | US92332GAE08_OX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |    582524 | PA      | $299244.54    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos Clo 2013-3 Ltd                     | TELOS 2013-3A SUB 01/17/2024                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   4666667 | PA      | $466.67       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RACEP 2015-9A INC 10/15/2030             | RACEP 2015-9A INC 10/15/2030                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   2394474 | PA      | $431005.32    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture XXI CLO                          | Venture XXI CLO Ltd                             | CUSIP: 92330LAE1<br>LEI: 5493001C8B2BF8JNTO68 | Long             |  | CORP              | KY        |   9750000 | PA      | $97500.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XXXIV CLO Ltd                              | CUSIP: BCC29R0M9<br>LEI: 549300VDFIIXSFET0S73 | Long             |  | CORP              | KY        |  15000000 | PA      | $5061155.00   | 0.65%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARES CLO Ltd                             | Ares XLII Clo Ltd                               | CUSIP: BCC2CVEI0<br>LEI: 5493004S1FMDW7K3MU50 | Long             |  | CORP              | KY        |  21910000 | PA      | $3961517.00   | 0.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REGATF18FLTR - Fee Letter                | REGATF18FLTR - Fee Letter                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  28886856 | NS      | $368146.83    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REGATFC Warehouse Equity                 | REGATFC Warehouse Equity                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   6693750 | NS      | $6693750.00   | 0.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cedar Funding Ltd                        | Cedar Funding IV CLO Ltd                        | CUSIP: BCC27XAC9<br>LEI: 549300PPJP6KEORGHQ85 | Long             |  | CORP              | KY        |     66000 | PA      | $31350.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture 42 CLO Ltd                       | VENTR 2021-42A SUB 04/15/2034                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   7000000 | PA      | $4340000.00   | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US67592AAE01_OX                          | US67592AAE01_OX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   2800000 | PA      | $1050000.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Octagon 60 Ltd                           | OCT60 2022-1A SUB 10/20/2035                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  35750000 | PA      | $28600000.00  | 3.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US55818LAE92_OX                          | US55818LAE92_OX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  11000000 | PA      | $2420000.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROCT221 - FEELTR                         | ROCT221 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  34068750 | NS      | $495204.52    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US92329UAB08_TICC                        | US92329UAB08_TICC                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  13750000 | PA      | $2406250.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRAL 2017-4A SUB 01/20/2030 - Fee Letter | TRAL 2017-4A SUB 01/20/2030 - Fee Letter        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |    286377 | NS      | $5771.17      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Telos CLO Ltd                            | Telos CLO 2013-4 Ltd                            | CUSIP: 87974JAA5<br>LEI: 635400UODWAQKOLDKL79 | Long             |  | CORP              | KY        |  14350000 | PA      | $446615.00    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                       | THL Credit Wind River 2017-1 CLO Ltd            | CUSIP: 88432QAC9<br>LEI: 254900W8N6WOFX1LSH24 | Long             |  | CORP              | KY        |  14200000 | PA      | $5538000.00   | 0.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tralee CLO Ltd                           | Tralee CLO IV Ltd                               | CUSIP: 89300EAA7<br>LEI: 549300TO44EYB43F5661 | Long             |  | CORP              | KY        |  13270000 | PA      | $398100.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture 40 CLO Ltd                              | CUSIP: 923262AC3<br>LEI: 549300XV21TPC3ROUZ78 | Long             |  | CORP              | KY        |  17580000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture Xxv Clo Ltd                             | CUSIP: 92329UAA2<br>LEI: 549300A6M3BR8FZNXO79 | Long             |  | CORP              | KY        |   2500000 | PA      | $1906250.00   | 0.25%             | 2029-04-20      | Floating      | 11.44%                | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture 37 CLO Ltd                              | CUSIP: 92332JAC8<br>LEI: 549300IW5Q3C6JHMIU22 | Long             |  | CORP              | KY        |   8500000 | PA      | $3485000.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture XVII CLO Ltd                            | CUSIP: 92330CAB7<br>LEI: 549300SNYYGJ2M6QEK53 | Long             |  | CORP              | KY        |  13000000 | PA      | $439671.47    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROMK5 - Fee Letter                       | ROMK5 - Fee Letter                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  27000000 | NS      | $354782.57    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture XX CLO Ltd                              | CUSIP: 92330KAE3<br>LEI: 549300LQ92YS70N4PB21 | Long             |  | CORP              | KY        |   7200000 | PA      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Venture CDO Ltd                          | Venture XV CLO Ltd                              | CUSIP: 92328LAB1<br>LEI: 549300UYHZCJPN3LMT03 | Long             |  | CORP              | KY        |  15992521 | PA      | $1919102.52   | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BLUMFU2- Fee Letter                      | BLUMFU2- Fee Letter                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  55350000 | NS      | $69067.54     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wind River CLO Ltd                       | THL Credit Wind River 2018-3 CLO Ltd            | CUSIP: 88432XAC4<br>LEI: N/A                  | Long             |  | CORP              | KY        |  25400000 | PA      | $13462000.00  | 1.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OCTAG57 - FEELTR                         | OCTAG57 - FEELTR                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  31725000 | NS      | $620934.04    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AMMC CLO XII Ltd                         | AMMC 2013-12A SUB 05/10/2025                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  24350000 | PA      | $3652500.00   | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atlas Senior Loan Fund XVII Ltd          | ATCLO 2021-17A SUB 10/20/2034                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   6000000 | PA      | $3240000.00   | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BlueMountain CLO 2018-3 Ltd              | BLUEM 2018-3A SUB 10/25/2030                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  17825000 | PA      | $5614875.00   | 0.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US09631KAC71_OX                          | US09631KAC71_OX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  10700000 | PA      | $8988000.00   | 1.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital CLO 7 Ltd              | ANCHC 2015-7A SUB 01/28/2031                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |   7750000 | PA      | $2673750.00   | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| US42983LAE65_OX                          | US42983LAE65_OX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  25500000 | PA      | $2932500.00   | 0.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LONGF 2013-1A SUB 0.0% 1/15/24           | LONGF 2013-1A SUB 0.0% 1/15/24                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  19640000 | PA      | $1964.00      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIFCF2 Warehouse Equity                  | CIFCF2 Warehouse Equity                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  11962500 | NS      | $11962500.00  | 1.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elevation CLO 2021-14 Ltd                | AWPT 2021-14A SUB 10/20/2034                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | KY        |  32000000 | PA      | $17760000.00  | 2.29%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** Oxford Lane Capital Corp.

**Signature:** /s/ Bruce L. Rubin

**Name of Signer:** Bruce L. Rubin

**Title:** Chief Financial Officer, Corporate Secretary and Treasurer