XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 抵押贷款债务-23.02 %（a）（b） | ||||||||||||
| 安克雷奇资本CLO 6有限公司。 | 3M SOFR + 6.15% | 07/22/2038 | $ | 1,765,000 | $ | 1,754,151 | ||||||
| 安克雷奇资本CLO 15有限公司。 | 3M SOFR + 6.05% | 07/20/2038 | 2,000,000 | 2,039,428 | ||||||||
| 安克雷奇资本CLO 20有限公司。 | 3M SOFR + 7.00% | 01/20/2035 | 1,500,000 | 1,421,635 | ||||||||
| 安克雷奇资本CLO 21有限公司。 | 3M SOFR + 6.25% | 10/20/2034 | 2,000,000 | 1,939,351 | ||||||||
| Apidos CLO XLV有限公司。 | 3M SOFR + 5.15% | 07/26/2038 | 500,000 | 503,302 | ||||||||
| Apidos CLO XXXV | 3M SOFR + 5.75% | 04/20/2034 | 1,000,000 | 1,001,680 | ||||||||
| Apidos Loan Fund 2024-1 Ltd。 | 3M SOFR + 4.75% | 10/25/2038 | 750,000 | 751,430 | ||||||||
| 战神XLIV CLO有限公司。 | 3M SOFR + 6.25% | 04/15/2034 | 1,000,000 | 990,306 | ||||||||
| Barings CLO Ltd. 2025-IV | 3M SOFR + 5.00% | 10/15/2040 | 1,600,000 | 1,601,992 | ||||||||
| Benefit Street合作伙伴CLO有限公司。 | 3M SOFR + 4.75% | 04/20/2038 | 1,288,000 | 1,277,714 | ||||||||
| Benefit Street合作伙伴CLO XVII Ltd。 | 3M SOFR + 6.15% | 10/15/2037 | 2,100,000 | 2,111,874 | ||||||||
| Benefit Street合作伙伴CLO XXIII Ltd。 | 3M SOFR + 5.25% | 04/25/2034 | 1,500,000 | 1,492,567 | ||||||||
| Benefit Street合作伙伴CLO XXIX Ltd。 | 3M SOFR + 4.60% | 01/25/2038 | 1,750,000 | 1,742,416 | ||||||||
| Benefit Street合作伙伴CLO XXV Ltd。 | 3M SOFR + 4.60% | 01/15/2035 | 480,000 | 477,635 | ||||||||
| Benefit Street合作伙伴CLO XXVIII Ltd。 | 3M SOFR + 5.40% | 10/20/2037 | 2,000,000 | 2,016,949 | ||||||||
| Benefit Street合作伙伴CLO XXXII Ltd。 | 3M SOFR + 4.70% | 10/25/2038 | 2,400,000 | 2,399,853 | ||||||||
| 峡谷CLO 2020-2有限公司。 | 3M SOFR + 5.75% | 10/15/2034 | 1,500,000 | 1,456,069 | ||||||||
| 峡谷CLO 2025-2有限公司。 | 3M SOFR + 5.25% | 10/15/2038 | 2,000,000 | 2,004,262 | ||||||||
| 凯雷美国CLO 2019-4有限公司。 | 3M SOFR + 6.60% | 04/15/2035 | 750,000 | 744,626 | ||||||||
| 凯雷美国CLO 2023-2有限公司。 | 3M SOFR + 5.75% | 07/20/2038 | 2,000,000 | 2,012,201 | ||||||||
| 凯雷美国CLO 2025-2有限公司。 | 3M SOFR + 6.75% | 07/25/2038 | 845,000 | 867,211 | ||||||||
| CBAM 2018-8有限公司。 | 3M SOFR + 6.37% | 07/15/2037 | 1,000,000 | 1,012,597 | ||||||||
| CIFC Funding 2019-II Ltd。 | 3M SOFR + 4.85% | 10/17/2038 | 1,500,000 | 1,501,801 | ||||||||
| CIFC Funding 2019-III Ltd。 | 3M SOFR + 5.00% | 01/16/2038 | 2,750,000 | 2,757,753 | ||||||||
| CIFC Funding 2019-V Ltd。 | 3M SOFR + 4.90% | 10/15/2038 | 1,000,000 | 1,001,326 | ||||||||
| CIFC Funding 2019-VI Ltd。 | 3M SOFR + 6.25% | 07/16/2037 | 700,000 | 696,674 | ||||||||
| CIFC Funding 2022-I Ltd。 | 3M SOFR + 6.40% | 04/17/2035 | 2,000,000 | 2,001,756 | ||||||||
| CIFC Funding 2022-III Ltd。 | 3M SOFR + 7.27% | 04/21/2035 | 850,000 | 850,327 | ||||||||
| CIFC Funding 2025-VI Ltd。 | 3M SOFR + 4.75% | 10/23/2038 | 1,250,000 | 1,249,150 | ||||||||
| 三叶草CLO 2021-3 LLC | 3M SOFR + 4.90% | 01/25/2035 | 2,000,000 | 1,991,742 | ||||||||
| Diameter Capital CLO 5 Ltd。 | 3M SOFR + 4.85% | 01/15/2039 | 1,500,000 | 1,499,946 | ||||||||
| 德莱顿87 CLO有限公司。 | 3M SOFR + 6.35% | 08/20/2038 | 1,000,000 | 996,443 | ||||||||
| 埃尔姆伍德CLO 25有限公司。 | 3M SOFR + 5.25% | 04/17/2037 | 2,000,000 | 1,999,545 | ||||||||
| 埃尔姆伍德CLO 46有限公司。 | 3M SOFR + 5.00% | 01/17/2039 | 2,000,000 | 1,999,700 | ||||||||
| 石榴石CLO 2有限公司。 | 3M SOFR + 5.25% | 10/20/2038 | 730,000 | 732,196 | ||||||||
| 石榴石CLO 3有限公司。 | 3M SOFR + 4.95% | 10/20/2038 | 1,500,000 | 1,503,401 | ||||||||
| Goldentree Loan Management US CLO 12 Ltd。 | 3M SOFR + 5.70% | 07/20/2037 | 1,200,000 | 1,198,451 | ||||||||
| Golub Capital Partners CLO 37B Ltd。 | 3M SOFR + 4.90% | 01/20/2039 | 1,500,000 | 1,499,647 | ||||||||
| Golub Capital Partners CLO 74 B，Ltd。 | 3M SOFR + 6.10% | 07/25/2037 | 750,000 | 759,490 | ||||||||
| KKR CLO 60有限公司。 | 3M SOFR + 6.10% | 01/15/2038 | 1,325,000 | 1,354,736 | ||||||||
| 麦迪逊公园基金LX有限公司。 | 3M SOFR + 6.50% | 10/25/2037 | 1,250,000 | 1,179,270 | ||||||||
| 麦迪逊公园基金XXXIX Ltd。 | 3M SOFR + 6.25% | 10/22/2034 | 1,500,000 | 1,417,280 | ||||||||
| 麦迪逊公园基金XXXVII Ltd。 | 3M SOFR + 6.60% | 04/15/2037 | 750,000 | 731,259 | ||||||||
| 磁铁矿XXIV有限公司。 | 3M SOFR + 6.40% | 04/15/2035 | 500,000 | 500,717 | ||||||||
| Neuberger Berman CLO 32R有限公司。 | 3M SOFR + 5.15% | 07/20/2039 | 1,500,000 | 1,512,481 | ||||||||
| Neuberger Berman贷款顾问CLO 27 Ltd。 | 3M SOFR + 6.75% | 07/15/2038 | 2,000,000 | 2,005,888 | ||||||||
| Neuberger Berman贷款顾问CLO 40 Ltd。 | 3M SOFR + 5.15% | 10/16/2037 | 2,170,000 | 2,182,543 | ||||||||
| Neuberger Berman贷款顾问CLO 41 Ltd。 | 3M SOFR + 5.75% | 04/15/2034 | 1,250,000 | 1,236,725 | ||||||||
| Neuberger Berman贷款顾问CLO 57 Ltd。 | 3M SOFR + 5.50% | 10/24/2038 | 1,875,000 | 1,893,789 | ||||||||
| Neuberger Berman贷款顾问CLO 61 Ltd。 | 3M SOFR + 4.90% | 07/17/2039 | 720,000 | 723,237 | ||||||||
| 橡树CLO 2019-3有限公司。 | 3M SOFR + 6.75% | 01/20/2038 | 750,000 | 761,469 | ||||||||
| Oaktree CLO 2022-3 Ltd。 | 3M SOFR + 6.50% | 10/15/2037 | 2,000,000 | 2,002,109 | ||||||||
| Oaktree CLO 2023-1 Ltd。 | 3M SOFR + 7.50% | 04/15/2038 | 500,000 | 513,707 | ||||||||
| OHA Credit Funding 2 Ltd。 | 3M SOFR + 4.80% | 01/21/2038 | 1,000,000 | 1,001,778 | ||||||||
| OHA Credit Funding 5 Ltd。 | 3M SOFR + 5.40% | 10/18/2037 | 1,000,000 | 1,000,428 | ||||||||
| OHA Credit Funding 9 Ltd。 | 3M SOFR + 5.50% | 10/19/2037 | 1,000,000 | 1,007,464 | ||||||||
| Rad CLO 10有限公司。 | 3M SOFR + 5.85% | 04/23/2034 | 2,000,000 | 1,960,105 | ||||||||
| Rad CLO 11有限公司。 | 3M SOFR + 6.25% | 04/15/2034 | 1,300,000 | 1,269,269 | ||||||||
| Regatta 33 Funding Ltd。 | 3M SOFR + 6.65% | 07/25/2038 | 770,000 | 786,743 | ||||||||
| Regatta 34 Funding Ltd。 | 3M SOFR + 6.50% | 07/20/2038 | 2,000,000 | 2,054,502 | ||||||||
| Regatta XII Funding Ltd。 | 3M SOFR + 6.90% | 10/15/2037 | 1,500,000 | 1,495,277 | ||||||||
| Regatta XIX Funding Ltd。 | 3M SOFR + 5.25% | 10/20/2038 | 750,000 | 744,611 | ||||||||
1
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 抵押贷款债务-23.02 %（a）（b）（续） | ||||||||||||
| Regatta XVI Funding Ltd。 | 3M SOFR + 7.10% | 01/15/2033 | $ | 1,400,000 | $ | 1,402,777 | ||||||
| 帆船赛XXIV Funding Ltd。 | 3M SOFR + 5.15% | 01/20/2038 | 1,000,000 | 984,423 | ||||||||
| Regatta XXIX Funding Ltd。 | 3M SOFR + 5.85% | 09/06/2037 | 375,000 | 378,308 | ||||||||
| RR 19有限公司。 | 3M SOFR + 4.70% | 04/15/2040 | 500,000 | 500,740 | ||||||||
| 沙克尔顿2019-XIV CLO有限公司。 | 3M SOFR + 5.90% | 07/20/2034 | 1,000,000 | 983,147 | ||||||||
| Sound Point CLO XVIII Ltd。 | 3M SOFR + 5.50% | 01/21/2031 | 500,000 | 312,000 | ||||||||
| Symphony CLO XXI Ltd。 | 3M SOFR + 6.60% | 07/15/2032 | 1,000,000 | 911,452 | ||||||||
| THL Credit Wind River 2017-1 CLO Ltd。 | 3M SOFR + 7.06% | 04/18/2036 | 1,500,000 | 1,474,454 | ||||||||
| Trestles CLO IV，Ltd | 3M SOFR + 5.25% | 10/30/2038 | 1,500,000 | 1,508,013 | ||||||||
| 抵押贷款债务总额（成本94058721美元） | 93,649,298 | |||||||||||
| 预计产量 | 到期日 | 本金金额 | 价值 | |||||||||||
| 抵押贷款债务权益-61.29 %（a）（c） | ||||||||||||||
| AIMCO CLO 16有限公司。 | 11.24% | 07/17/2037 | 1,812,000 | 1,034,652 | ||||||||||
| ALM 2020有限公司。（d） | 不适用 | 10/15/2029 | 5,000,000 | 500 | ||||||||||
| 安克雷奇资本CLO 3-R有限公司。（d） | 不适用 | 01/28/2031 | 1,400,000 | 6,118 | ||||||||||
| 安克雷奇资本CLO 7有限公司。 | 24.12% | 01/28/2031 | 1,750,000 | 451,080 | ||||||||||
| 安克雷奇资本CLO 13 LLC | 9.20% | 04/15/2034 | 7,000,000 | 2,792,370 | ||||||||||
| 安克雷奇资本CLO 16有限公司。 | 9.89% | 01/19/2038 | 3,305,720 | 1,368,568 | ||||||||||
| 安克雷奇资本CLO 1-R有限公司。（d） | 不适用 | 04/13/2031 | 4,150,000 | 28,554 | ||||||||||
| 安克雷奇资本CLO 20有限公司。 | 3.47% | 01/20/2035 | 1,750,000 | 550,007 | ||||||||||
| Apidos CLO XLIX Ltd | 16.51% | 10/24/2037 | 10,000,000 | 6,559,800 | ||||||||||
| Apidos CLO XLVIII有限公司。 | 8.93% | 07/25/2037 | 9,000,000 | 5,729,130 | ||||||||||
| Apidos CLO XXVII（d） | 不适用 | 07/17/2030 | 1,300,000 | 99,333 | ||||||||||
| 战神LI CLO有限公司。 | 6.85% | 07/15/2034 | 1,699,959 | 514,425 | ||||||||||
| 战神LI CLO有限公司。 | 9.65% | 10/15/2037 | 4,378,142 | 1,324,869 | ||||||||||
| 战神LIX CLO有限公司。 | 16.10% | 04/25/2034 | 3,500,000 | 1,424,150 | ||||||||||
| 战神LVIII CLO有限公司。 | 13.09% | 04/15/2038 | 12,425,000 | 4,840,159 | ||||||||||
| 战神XLI CLO有限公司。 | 5.69% | 04/15/2034 | 2,343,500 | 530,803 | ||||||||||
| 战神XLIV CLO有限公司。 | 14.35% | 04/15/2034 | 6,288,428 | 1,191,657 | ||||||||||
| BallyRock CLO 19有限公司。 | 12.10% | 04/20/2035 | 4,200,000 | 1,767,066 | ||||||||||
| Benefit Street合作伙伴CLO XII Ltd。 | 14.38% | 10/15/2030 | 4,500,000 | 3,225,195 | ||||||||||
| Benefit Street合作伙伴CLO XXIII Ltd。 | 14.35% | 04/25/2034 | 5,000,000 | 2,905,000 | ||||||||||
| Benefit Street合作伙伴CLO XXV Ltd。 | 20.99% | 01/15/2035 | 5,250,000 | 3,465,315 | ||||||||||
| Benefit Street合作伙伴CLO XXVII Ltd。 | 15.75% | 10/20/2037 | 2,250,000 | 2,035,957 | ||||||||||
| Benefit Street合作伙伴CLO XXXIV Ltd。 | 11.14% | 07/25/2037 | 4,700,000 | 3,226,550 | ||||||||||
| Benefit Street合作伙伴CLO XXXVI Ltd。 | 12.54% | 01/25/2038 | 2,560,000 | 1,763,456 | ||||||||||
| 凯雷美国CLO 2019-4有限公司。 | 7.32% | 04/15/2035 | 8,740,000 | 4,252,010 | ||||||||||
| 凯雷美国CLO 2021-10 Ltd。 | 16.95% | 01/20/2038 | 3,750,000 | 1,453,200 | ||||||||||
| 凯雷美国CLO 2021-2有限公司 | 16.12% | 04/20/2038 | 2,530,000 | 1,465,022 | ||||||||||
| 凯雷美国CLO 2021-4有限公司。 | 9.19% | 04/20/2034 | 1,000,000 | 526,960 | ||||||||||
| 凯雷美国CLO 2021-5有限公司 | 12.32% | 07/20/2034 | 4,000,000 | 1,888,040 | ||||||||||
| 凯雷美国CLO 2022-2有限公司。 | 17.33% | 01/20/2038 | 4,391,000 | 2,041,244 | ||||||||||
| 凯雷美国CLO 2023-2有限公司。 | 16.57% | 07/20/2036 | 4,534,341 | 3,090,561 | ||||||||||
| CIFC Funding 2017-III Ltd。 | 4.58% | 07/20/2030 | 1,400,000 | 389,424 | ||||||||||
| CIFC Funding 2017-V Ltd。 | 7.77% | 07/17/2037 | 6,500,000 | 1,947,790 | ||||||||||
| CIFC Funding 2018-I Ltd。 | 10.54% | 04/18/2031 | 10,250,000 | 3,157,718 | ||||||||||
| CIFC Funding 2018-II Ltd。 | 13.12% | 10/20/2037 | 2,500,000 | 891,500 | ||||||||||
| CIFC Funding 2018-III Ltd。 | 9.94% | 07/18/2031 | 6,815,000 | 1,147,578 | ||||||||||
| CIFC Funding 2018-V Ltd。 | 9.73% | 07/15/2038 | 5,298,000 | 2,083,333 | ||||||||||
| CIFC Funding 2019-III Ltd。 | 12.77% | 01/16/2038 | 840,000 | 565,202 | ||||||||||
| CIFC Funding 2019-V Ltd。 | 12.50% | 10/15/2038 | 2,500,000 | 1,512,575 | ||||||||||
| CIFC Funding 2019-V Ltd。 | 16.20% | 10/15/2038 | 1,938,438 | 1,172,813 | ||||||||||
| CIFC Funding 2020-II Ltd。 | 9.57% | 10/20/2034 | 1,000,000 | 488,100 | ||||||||||
| CIFC Funding 2020-III Ltd。 | 10.42% | 10/20/2034 | 203,350 | 130,384 | ||||||||||
| CIFC Funding 2021-II Ltd。 | 10.13% | 04/15/2034 | 7,705,900 | 3,777,355 | ||||||||||
| CIFC Funding 2021-V Ltd。 | 16.19% | 01/15/2038 | 10,086,431 | 5,514,554 | ||||||||||
| CIFC Funding 2021-VII Ltd。 | 11.44% | 01/23/2035 | 1,000,000 | 640,200 | ||||||||||
| CIFC Funding 2022-IV Ltd。 | 15.05% | 07/16/2035 | 2,500,000 | 1,628,000 | ||||||||||
| 三叶草CLO 2019-1有限公司。 | 15.64% | 04/18/2035 | 8,339,200 | 4,579,221 | ||||||||||
| 三叶草CLO 2021-3 LLC | 19.87% | 01/25/2035 | 5,500,000 | 3,300,330 | ||||||||||
| 德莱顿87 CLO有限公司。 | 8.59% | 08/20/2038 | 2,831,400 | 934,645 | ||||||||||
2
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 预计产量 | 到期日 | 本金金额 | 价值 | |||||||||||
| 抵押贷款债务权益-61.29 %（a）（c）（续） | ||||||||||||||
| Elmwood CLO I Ltd。 | 5.32% | 10/20/2033 | $ | 6,000,000 | $ | 2,797,440 | ||||||||
| 埃尔姆伍德CLO VII有限公司。 | 7.69% | 01/17/2034 | 8,350,000 | 2,656,720 | ||||||||||
| Galaxy 33 CLO Ltd。 | 8.42% | 04/20/2037 | 2,000,000 | 1,121,820 | ||||||||||
| 生成CLO 3 Ltd。 | 2.08% | 10/20/2029 | 7,008,000 | 2,164,701 | ||||||||||
| 生成CLO 12 Ltd。 | 16.29% | 07/20/2036 | 8,000,000 | 4,326,880 | ||||||||||
| 生成CLO 14 Ltd。 | 5.47% | 04/22/2037 | 8,000,000 | 3,514,080 | ||||||||||
| 和谐-和平公园CLO，Ltd。 | 12.11% | 10/20/2037 | 5,275,000 | 3,574,868 | ||||||||||
| 麦迪逊公园基金XX有限公司。 | 5.87% | 07/27/2030 | 1,740,000 | 248,124 | ||||||||||
| 麦迪逊公园基金XX有限公司。 | 19.97% | 10/27/2037 | 2,172,000 | 332,338 | ||||||||||
| Madison Park Funding XXIX Ltd。 | 14.64% | 10/18/2047 | 4,330,700 | 1,307,005 | ||||||||||
| 麦迪逊公园基金XXVIII有限公司。 | 11.86% | 07/15/2030 | 5,949,336 | 1,808,955 | ||||||||||
| 麦迪逊公园基金XXXVII Ltd。 | 10.69% | 04/15/2037 | 4,648,815 | 1,765,759 | ||||||||||
| Neuberger Berman CLO XXI有限公司。 | 12.55% | 01/20/2039 | 4,425,109 | 2,566,563 | ||||||||||
| Neuberger Berman贷款顾问CLO 47 Ltd。 | 16.37% | 04/14/2035 | 15,000,000 | 7,795,200 | ||||||||||
| Neuberger Berman贷款顾问CLO 50 Ltd。 | 10.88% | 07/23/2036 | 6,500,000 | 3,457,090 | ||||||||||
| Neuberger Berman贷款顾问CLO 53 Ltd。 | 12.16% | 10/24/2037 | 7,325,000 | 5,211,225 | ||||||||||
| Neuberger Berman贷款顾问CLO 54 Ltd。 | 10.17% | 04/23/2038 | 3,465,000 | 2,151,522 | ||||||||||
| Neuberger Berman贷款顾问CLO 55 Ltd。 | 8.70% | 04/22/2038 | 4,600,000 | 2,826,372 | ||||||||||
| 尼亚加拉公园CLO有限公司。 | 15.12% | 07/17/2032 | 2,648,000 | 1,361,204 | ||||||||||
| 尼亚加拉公园CLO有限公司。（d） | 不适用 | 01/17/2038 | 225,000 | 218,311 | ||||||||||
| NYACK Park CLO Ltd。 | 9.98% | 10/20/2038 | 1,358,700 | 574,730 | ||||||||||
| Oak Hill Credit Partners X-R Ltd。 | 14.33% | 04/20/2034 | 9,091,692 | 3,523,031 | ||||||||||
| Oaktree CLO 2019-3，Ltd。 | 12.34% | 01/20/2038 | 4,000,000 | 1,950,000 | ||||||||||
| Oaktree CLO 2022-3 Ltd。 | 11.56% | 10/15/2037 | 13,250,000 | 6,739,480 | ||||||||||
| OCP CLO 2018-15有限公司。 | 14.94% | 07/20/2031 | 6,000,000 | 2,292,660 | ||||||||||
| OCP CLO 2020-8R有限公司。 | 16.57% | 10/17/2038 | 5,390,000 | 1,740,970 | ||||||||||
| OCP CLO 2022-24有限公司。 | 9.27% | 10/20/2037 | 7,445,299 | 3,939,308 | ||||||||||
| OCP CLO 2024-36有限公司。 | 8.98% | 10/16/2037 | 4,000,000 | 2,623,320 | ||||||||||
| OCP CLO 2024-38有限公司。 | 8.91% | 01/21/2038 | 5,000,000 | 3,374,950 | ||||||||||
| OHA Credit Partners XI有限公司。 | 10.08% | 04/20/2037 | 4,003,000 | 1,880,810 | ||||||||||
| OHA Credit Partners XII Ltd。 | 7.42% | 04/23/2037 | 13,537,295 | 5,876,134 | ||||||||||
| OHA Credit Partners XIII Ltd。 | 12.11% | 10/21/2034 | 1,600,000 | 876,336 | ||||||||||
| Palmer Square CLO 2024-2 Ltd。 | 8.24% | 07/20/2037 | 4,000,000 | 2,644,080 | ||||||||||
| Rad CLO 12有限公司。 | 14.86% | 10/30/2034 | 6,000,000 | 2,619,000 | ||||||||||
| Regatta XIX Funding Ltd。 | 12.89% | 04/20/2035 | 12,102,000 | 6,962,156 | ||||||||||
| Regatta XVIII Funding Ltd。 | 15.12% | 01/15/2034 | 7,175,322 | 3,725,786 | ||||||||||
| 帆船赛XXIV Funding Ltd。 | 12.13% | 01/20/2035 | 5,000,000 | 2,350,400 | ||||||||||
| Regatta XXVII Funding Ltd。 | 9.36% | 04/26/2037 | 6,000,000 | 3,441,240 | ||||||||||
| 罗克兰公园CLO有限公司。（e） | 8.09% | 04/20/2034 | 13,785,821 | 73,396 | ||||||||||
| 罗克兰公园CLO有限公司。（e） | 16.12% | 04/20/2034 | 13,785,821 | 168,838 | ||||||||||
| 罗克兰公园CLO有限公司。 | 11.82% | 04/20/2034 | 13,785,821 | 5,574,435 | ||||||||||
| RR 19有限公司。 | 12.98% | 10/15/2035 | 7,858,000 | 5,623,813 | ||||||||||
| RR 25有限公司。 | 6.21% | 10/15/2037 | 9,780,000 | 5,555,236 | ||||||||||
| 第六街CLO XVI有限公司。 | 4.76% | 10/20/2032 | 8,000,000 | 4,374,400 | ||||||||||
| 第六街CLO XVII有限公司。 | 12.10% | 01/20/2034 | 1,100,000 | 685,685 | ||||||||||
| 第六街CLO XXIV有限公司。 | 6.67% | 04/23/2037 | 7,500,000 | 5,015,775 | ||||||||||
| 第六街CLO XXV有限公司。 | 7.78% | 07/24/2037 | 7,000,000 | 4,653,390 | ||||||||||
| THL Credit Wind River 2018-2 CLO Ltd。（d） | 不适用 | 07/15/2030 | 3,031,000 | 58,650 | ||||||||||
| THL Credit Wind River 2018-3 CLO Ltd。（d） | 不适用 | 01/20/2031 | 3,000,000 | 153,180 | ||||||||||
| 汤普森公园CLO有限公司。 | 13.25% | 04/15/2034 | 4,000,000 | 2,020,000 | ||||||||||
| TICP CLO XV有限公司。 | 12.17% | 04/20/2033 | 21,000,000 | 10,188,150 | ||||||||||
| 团结-和平公园CLO有限公司。 | 8.28% | 04/20/2035 | 4,000,000 | 1,492,400 | ||||||||||
| 担保贷款债务权益总额（成本334,195，739美元） | 249,390,389 | |||||||||||||
3
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 息票 | 到期日 | 本金金额 | 价值 | |||||||||||
| 公司债券-1.29 %(a) | ||||||||||||||
| 化学品-0.09 % | ||||||||||||||
| Herens Holdco S.a.r.l.，高级担保债券 | 4.75% | 05/15/2028 | $ | 444,000 | $ | 382,284 | ||||||||
| 多元化电信服务-0.12 % | ||||||||||||||
| Altice France SA，高级担保债券 | 6.88% | 07/15/2032 | 513,657 | 491,182 | ||||||||||
| 电子设备、仪器及元件-0.04 % | ||||||||||||||
| Coherent Corp.，高级无抵押债券 | 5.00% | 12/15/2029 | 146,000 | 145,570 | ||||||||||
| 酒店、餐厅和休闲--0.35% | ||||||||||||||
| Fertitta Entertainment LLC，高级无抵押债券 | 6.75% | 01/15/2030 | 328,000 | 310,926 | ||||||||||
| Hilton Grand Vacations Borrower Escrow LLC，高级无担保债券 | 5.00% | 06/01/2029 | 529,000 | 514,056 | ||||||||||
| 海洋世界 Parks & Entertainment，Inc.，高级无抵押债券 | 5.25% | 08/15/2029 | 600,000 | 583,234 | ||||||||||
| 1,408,216 | ||||||||||||||
| 工业企业集团-0.10 % | ||||||||||||||
| MajorDrive Holdings IV，LLC，高级无抵押债券 | 6.38% | 06/01/2029 | 545,000 | 394,130 | ||||||||||
| 保险-0.03 % | ||||||||||||||
| Asurion，LLC，高级担保债券 | 8.00% | 12/31/2032 | 133,000 | 138,040 | ||||||||||
| 传媒-0.46 % | ||||||||||||||
| Gray Media，Inc.，高级担保债券 | 7.25% | 08/15/2033 | 722,000 | 736,651 | ||||||||||
| Gray Media，Inc.，高级无抵押债券 | 5.38% | 11/15/2031 | 750,000 | 562,545 | ||||||||||
| The E.W. Scripps Company，Senior Unsecured Bond | 5.38% | 01/15/2031 | 750,000 | 565,285 | ||||||||||
| 1,864,481 | ||||||||||||||
| 无线电信服务-0.10 % | ||||||||||||||
| Digicel International Finance Ltd.，高级担保债券 | 8.63% | 08/01/2032 | 404,000 | 419,423 | ||||||||||
| 公司债券总额 （费用5448003美元） |
5,243,326 | |||||||||||||
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 有担保第二留置权贷款-1.00 %(b) | ||||||||||||
| 多元化消费服务-0.03 % | ||||||||||||
| TruGreen LP，Initial | 3M SOFR + 8.76% | 11/02/2028 | 125,392 | 115,596 | ||||||||
| 电子设备、仪器及元件-0.02 % | ||||||||||||
| Infinite Bidco LLC，Initial | 3M SOFR + 7.26% | 03/02/2029 | 69,869 | 66,070 | ||||||||
| 保险-0.76 % | ||||||||||||
| Alera Group，Inc.，Second Lien Initial | 1M SOFR + 5.50% | 05/30/2033 | 750,000 | 763,313 | ||||||||
| Asurion，LLC，新B-4 | 1M SOFR + 5.36% | 01/20/2029 | 1,604,603 | 1,572,510 | ||||||||
| CRC Insurance Group，LLC，Second Lien TL | 3M SOFR + 4.75% | 05/06/2032 | 750,000 | 758,123 | ||||||||
| 3,093,946 | ||||||||||||
| 医药-0.04 % | ||||||||||||
| Alvogen Pharma US，Inc.，TL | 3M SOFR + 2.50% | 03/01/2029 | 243,319 | 159,374 | ||||||||
| 软件-0.15 % | ||||||||||||
| Kaseya，TL | 1M SOFR + 5.00% | 03/20/2033 | 644,172 | 629,008 | ||||||||
| 有担保第二留置权贷款总额 （费用4142645美元） |
4,063,994 | |||||||||||
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b) | ||||||||||||
| 航空航天与国防-1.96 % | ||||||||||||
| Arcline FM Holdings，LLC，2025-1新任期 | 3M SOFR + 2.75% | 06/23/2030 | 860,050 | 862,467 | ||||||||
| 卡曼公司，延迟开奖（f） | 3M SOFR + 2.50% | 02/26/2032 | 22,074 | 22,850 | ||||||||
| 卡曼公司，初始 | 3M SOFR + 2.50% | 02/26/2032 | 2,440,192 | 2,448,391 | ||||||||
| Propulsion（BC）Newco LLC，Initial | 3M SOFR + 2.50% | 12/01/2032 | 295,593 | 296,849 | ||||||||
| Signia Aerospace，2025 Initial TL | 3M SOFR + 2.75% | 12/11/2031 | 3,076,605 | 3,084,297 | ||||||||
| Transdigm，Inc.，Tranche J | 1m SOFR + 2.50% | 02/28/2031 | 1,069,286 | 1,072,922 | ||||||||
| Transdigm，Inc.，Tranche M | 1m SOFR + 2.50% | 08/19/2032 | 170,310 | 170,984 | ||||||||
| 7,958,760 | ||||||||||||
| 空运物流-0.18 % | ||||||||||||
| Brown Group Holding，LLC，2022 Incremental B-2 | 3M SOFR + 2.75% | 07/01/2031 | 468,012 | 470,109 | ||||||||
| Lasership，Inc.，B档 | 3M SOFR + 1.76% | 08/10/2029 | 184,930 | 137,403 | ||||||||
| Lasership，Inc.，Tranche E | 3M SOFR + 1.76% | 08/10/2029 | 495,038 | 143,561 | ||||||||
| 751,073 | ||||||||||||
| 汽车零部件-0.54 % | ||||||||||||
| Clarios Global LP，第6号修正案 | 1m SOFR + 2.75% | 01/28/2032 | 1,246,553 | 1,251,228 | ||||||||
| Eagle Recycling Bidco，Inc.，截止日期初始 | 1m SOFR + 3.75% | 12/18/2032 | 453,191 | 453,191 | ||||||||
| Holley，Inc.，TL | 1M SOFR + 3.86% | 11/17/2028 | 496,944 | 494,086 | ||||||||
| 2,198,505 | ||||||||||||
4
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 汽车-1.12 % | ||||||||||||
| RealTruck Intermediate Holdings，Inc.，Initial | 1M SOFR + 3.86% | 01/31/2028 | $ | 389,565 | $ | 297,718 | ||||||
| RVR Dealership Holdings，LLC，TL | 3M SOFR + 3.90% | 02/08/2028 | 487,190 | 468,380 | ||||||||
| Tenneco，Inc.，term A | 3M SOFR + 4.85% | 11/17/2028 | 1,234,119 | 1,208,820 | ||||||||
| 天纳克公司，条款B | 3M SOFR + 5.10% | 11/17/2028 | 576,970 | 566,359 | ||||||||
| The Hertz Corp.，2023 Incremental | 1m SOFR + 3.75% | 06/30/2028 | 24,818 | 20,583 | ||||||||
| The Hertz Corp.，Initial Term B | 1M SOFR + 3.61% | 06/30/2028 | 831,096 | 696,300 | ||||||||
| The Hertz Corp.，Initial Term C | 1M SOFR + 3.61% | 06/30/2028 | 164,010 | 137,409 | ||||||||
| Truck Hero, Inc.，增量 | 1M SOFR + 5.11% | 01/31/2028 | 337,598 | 260,457 | ||||||||
| Wand NewCo 3，Inc.，B-2期 | 1m SOFR + 2.50% | 01/30/2031 | 911,627 | 912,111 | ||||||||
| 4,568,137 | ||||||||||||
| 银行-0.05 % | ||||||||||||
| Shift4 Payments, Inc.，第2号修订 | 3M SOFR + 2.50% | 06/30/2032 | 212,338 | 213,444 | ||||||||
| 建筑产品-3.59 % | ||||||||||||
| AI Aqua Merger Sub，Inc.，2025再融资条款B | 3M SOFR + 3.00% | 07/31/2028 | 3,150,028 | 3,155,792 | ||||||||
| 美国住宅服务，2025年再融资 | 3M SOFR + 2.75% | 02/02/2032 | 398,000 | 399,493 | ||||||||
| Chariot Buyer LLC，Amendment No. 5 Incremental | 1m SOFR + 2.75% | 09/08/2032 | 1,330,638 | 1,332,581 | ||||||||
| Cornerstone Building Brands, Inc.，Initial | 1M SOFR + 5.63% | 08/01/2028 | 493,639 | 387,506 | ||||||||
| Cornerstone Building Brands, Inc.，B期 | 1M SOFR + 3.25% | 04/12/2028 | 1,345,221 | 1,048,600 | ||||||||
| Cornerstone Building Brands, Inc.，C期 | 1m SOFR + 4.50% | 05/15/2031 | 295,694 | 207,971 | ||||||||
| Groundworks，LLC，Initial | 1m SOFR + 3.00% | 03/14/2031 | 1,522,791 | 1,529,141 | ||||||||
| Hobbs & Associates，LLC，截止日期 | 1m SOFR + 2.75% | 07/23/2031 | 735,382 | 734,690 | ||||||||
| Icebox Holdco III，Inc.，Initial | 3M SOFR + 3.25% | 12/22/2031 | 914,962 | 921,824 | ||||||||
| Kodiak Building Partners，Initial | 1m SOFR + 3.75% | 12/04/2031 | 1,069,770 | 1,042,020 | ||||||||
| White Cap Buyer，LLC，C档 | 1M SOFR + 3.25% | 10/19/2029 | 2,895,864 | 2,906,955 | ||||||||
| Wilsonart International，Initial | 3M SOFR + 4.25% | 08/05/2031 | 976,795 | 945,050 | ||||||||
| 14,611,623 | ||||||||||||
| 资本市场-0.28 % | ||||||||||||
| Hudson River Trading LLC，条款B-1 | 1m SOFR + 2.75% | 03/18/2030 | 1,127,650 | 1,131,800 | ||||||||
| 化学品-3.33 % | ||||||||||||
| CP Iris Holdco I，Inc.和CP Iris Holdco II，Inc.，Initial | 1m SOFR + 4.00% | 10/27/2032 | 739,355 | 733,500 | ||||||||
| Discovery Purchaser Corp.，Initial | 3M SOFR + 3.75% | 10/04/2029 | 1,038,679 | 996,394 | ||||||||
| Herens Holdco S.a.r.l.，设施B | 3M SOFR + 4.03% | 07/03/2028 | 1,380,438 | 1,204,901 | ||||||||
| Hexion Holdings股份有限公司，2024年再融资 | 1m SOFR + 4.00% | 03/15/2029 | 1,264,010 | 1,215,712 | ||||||||
| 英力士金融有限责任公司，2030 TL | 1M SOFR + 3.25% | 02/18/2030 | 864,347 | 696,880 | ||||||||
| 英力士Quattro Holdings UK Ltd.，2029年B期 | 1M SOFR + 4.35% | 04/02/2029 | 1,384,736 | 969,315 | ||||||||
| 英力士美国金融有限责任公司，2031年重新定价 | 1m SOFR + 3.00% | 02/07/2031 | 1,235,634 | 986,963 | ||||||||
| 英力士美国Petrochem LLC，2031年B期 | 1M SOFR + 4.25% | 10/07/2031 | 94,206 | 62,411 | ||||||||
| Lummus Technology Holdings V LLC，Amendment No.4 Existing Term B | 1m SOFR + 2.50% | 12/31/2029 | 1,818,122 | 1,818,777 | ||||||||
| MSOF Beacon，LLC，Initial | 1m SOFR + 2.50% | 12/09/2032 | 125,451 | 125,921 | ||||||||
| New Arclin U.S. Holding Corp.，TL | 1m SOFR + 3.60% | 09/30/2028 | 369,730 | 369,267 | ||||||||
| Nouryon USA LLC，重新定价2024 B-1 | 600万SOFR + 3.25% | 04/03/2028 | 264,721 | 264,502 | ||||||||
| Nouryon USA LLC，2024年B-2重新定价 | 3M SOFR + 3.25% | 04/03/2028 | 596,564 | 596,003 | ||||||||
| Olympus Water US Holding Corp.，2025 Incremental | 3M SOFR + 3.25% | 11/03/2032 | 325,934 | 323,695 | ||||||||
| Olympus Water US Holding Corp.，Term B-6 | 3M SOFR + 3.00% | 06/20/2031 | 1,765,073 | 1,748,022 | ||||||||
| Vibrantz Technologies，Inc.，Initial | 3M SOFR + 4.40% | 04/23/2029 | 301,305 | 165,887 | ||||||||
| Wesco Group LLC，初始期限B | 3M SOFR + 3.00% | 10/09/2031 | 189,741 | 190,452 | ||||||||
| Windsor Holdings III，LLC.，2025年B期 | 1m SOFR + 2.75% | 08/01/2030 | 1,068,946 | 1,070,486 | ||||||||
| 13,539,088 | ||||||||||||
| 商业服务及用品-3.31 % | ||||||||||||
| Allied Universal Holdco LLC，第7号修正案取代 | 1M SOFR + 3.25% | 08/20/2032 | 3,423,915 | 3,439,494 | ||||||||
| AmSpec Parent，LLC，截止日期 | 3M SOFR + 3.50% | 12/22/2031 | 1,209,606 | 1,209,606 | ||||||||
| Ankura Consulting Group LLC，2024-2重新定价 | 3M SOFR + 3.50% | 12/29/2031 | 1,599,618 | 1,560,203 | ||||||||
| Belfor USA Group，Inc.，第B-5批 | 1m SOFR + 2.75% | 11/01/2030 | 1,198,261 | 1,202,754 | ||||||||
| BradyPLUS Holdings，LLC，Initial | 3M SOFR + 3.50% | 12/13/2032 | 743,832 | 735,151 | ||||||||
| Garda World Security Corp.，第十二次追加TL | 1m SOFR + 3.00% | 02/01/2029 | 1,412,866 | 1,416,398 | ||||||||
| GBT US III LLC，条款B-1 | 3M SOFR + 2.50% | 07/25/2031 | 1,672,173 | 1,676,705 | ||||||||
| Genuine Financial Holdings，LLC，2025置换 | 1M SOFR + 3.25% | 09/27/2030 | 1,496,997 | 1,255,607 | ||||||||
| GFL Environmental服务，Initial | 3M SOFR + 2.50% | 03/03/2032 | 684,317 | 686,370 | ||||||||
| VFS Global，设施B | 600万SOFR + 2.50% | 10/07/2032 | 278,456 | 279,500 | ||||||||
| 13,461,788 | ||||||||||||
5
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 通信设备-0.36 % | ||||||||||||
| Global Tel Link Corp.，Initial | 1m SOFR + 7.50% | 08/06/2029 | $ | 931,758 | $ | 925,059 | ||||||
| Gogo Intermediate Holdings LLC，Initial | 1M SOFR + 3.86% | 04/30/2028 | 602,467 | 546,311 | ||||||||
| 1,471,370 | ||||||||||||
| 建筑工程-1.29 % | ||||||||||||
| Brand Industrial Services，Inc.，C档 | 3M SOFR + 4.50% | 08/01/2030 | 1,126,197 | 1,023,814 | ||||||||
| DG Investment Intermediate Holdings 2，Inc.，截止日期初始 | 1m SOFR + 3.75% | 07/09/2032 | 1,852,777 | 1,852,778 | ||||||||
| Energize Holdco LLC，2025再融资 | 1m SOFR + 3.00% | 12/08/2028 | 2,083,021 | 2,087,583 | ||||||||
| Michael Baker国际有限责任公司，条款B-1 | 3M SOFR + 4.00% | 12/01/2028 | 272,135 | 272,475 | ||||||||
| 5,236,650 | ||||||||||||
| 建筑材料-0.58 % | ||||||||||||
| Artera Services，LLC，C档 | 3M SOFR + 4.50% | 02/15/2031 | 321,790 | 258,841 | ||||||||
| LSF12 Crown US Commercial Bidco LLC，2025再融资 | 1m SOFR + 3.50% | 12/02/2031 | 1,607,635 | 1,616,172 | ||||||||
| Mativ Holdings, Inc.，B项 | 1M SOFR + 3.86% | 04/20/2028 | 155,960 | 154,400 | ||||||||
| Tiger Acquisition LLC，Initial | 1m SOFR + 2.50% | 08/23/2032 | 346,381 | 347,247 | ||||||||
| 2,376,660 | ||||||||||||
| 容器与包装-1.68 % | ||||||||||||
| Berlin Packaging LLC，2025年更换 | 3M SOFR + 3.25% | 06/09/2031 | 751,332 | 752,790 | ||||||||
| Clydesdale Acquisition Holdings，Inc.，2025增量截止日期条款B | 1M SOFR + 3.25% | 04/01/2032 | 1,131,195 | 1,129,679 | ||||||||
| Clydesdale Acquisition Holdings，Inc.，2025 Incremental Delayed Draw Term B | 1M SOFR + 3.25% | 04/01/2032 | 2,677 | 2,674 | ||||||||
| Clydesdale Acquisition Holdings，Inc.，条款B | 1M SOFR + 3.18% | 04/13/2029 | 500,000 | 500,085 | ||||||||
| Pelican Products，Inc.，Initial | 3M SOFR + 4.51% | 12/29/2028 | 471,615 | 425,043 | ||||||||
| Pregis TopCo LLC，第十修正案 | 1m SOFR + 4.00% | 02/01/2029 | 218,505 | 220,183 | ||||||||
| Proampac PG Borrower LLC，2024-1 | 3M SOFR + 4.00% | 09/15/2028 | 356,271 | 356,466 | ||||||||
| Ring Container Technologies Group，LLC，2025再融资 | 1m SOFR + 2.50% | 09/15/2032 | 222,918 | 223,424 | ||||||||
| RLG Holdings，LLC，Closing Date Initial | 1m SOFR + 4.36% | 07/07/2028 | 1,315,579 | 788,032 | ||||||||
| Sabert Corp.，term B | 1M SOFR + 3.11% | 12/10/2026 | 909,739 | 907,465 | ||||||||
| Tricorbraun Holdings，Inc.，Closing Date Initial | 1M SOFR + 3.25% | 03/03/2031 | 1,598,123 | 1,543,195 | ||||||||
| 6,849,036 | ||||||||||||
| 分销商-0.64 % | ||||||||||||
| Aramsco Parent，Inc.，Closing Date Initial | 3M SOFR + 4.75% | 10/10/2030 | 385,567 | 258,176 | ||||||||
| BCPE Empire Holdings，Inc.，修订第8号再融资 | 1M SOFR + 3.25% | 12/11/2030 | 2,393,282 | 2,364,371 | ||||||||
| 2,622,547 | ||||||||||||
| 多元化消费服务-2.06 % | ||||||||||||
| AAdvantage Loyalty IP Ltd.和美国航空，Inc.，2025 Incremental | 3M SOFR + 3.25% | 05/28/2032 | 1,076,121 | 1,080,834 | ||||||||
| Anticimex Global AB，设施B8 | 3M SOFR + 2.90% | 11/17/2031 | 507,410 | 509,313 | ||||||||
| Cast & Crew Payroll，LLC，Incremental Facility No. 2 Incremental | 1m SOFR + 3.75% | 12/29/2028 | 197,554 | 115,470 | ||||||||
| SabreGLBL Inc，2025其他条款B-1 | 1M SOFR + 6.35% | 07/30/2029 | 247,981 | 220,703 | ||||||||
| SabreGLBL Inc，2025其他条款B-2 | 1M SOFR + 6.35% | 07/30/2029 | 148,722 | 132,363 | ||||||||
| Spin Holdco，Inc.，Initial | 3M SOFR + 4.26% | 03/04/2028 | 2,111,943 | 1,623,557 | ||||||||
| 史泰博公司，截止收盘日期 | 3M SOFR + 5.75% | 09/04/2029 | 268,331 | 254,201 | ||||||||
| Stubhub Holdings，Inc.，延长期限B | 1m SOFR + 4.75% | 03/15/2030 | 1,073,076 | 1,061,894 | ||||||||
| The Knot Worldwide，Inc.，第5号修正案 | 1m SOFR + 3.75% | 01/31/2028 | 865,961 | 720,913 | ||||||||
| TruGreen LP，第二次再融资 | 1m SOFR + 4.10% | 11/02/2027 | 174,561 | 170,677 | ||||||||
| Wash Bidco，Inc.，Initial | 1M SOFR + 3.25% | 09/10/2032 | 547,702 | 551,810 | ||||||||
| WestJet Loyalty LP，Initial | 3M SOFR + 3.25% | 02/14/2031 | 1,944,290 | 1,950,823 | ||||||||
| 8,392,558 | ||||||||||||
| 多元金融服务-5.69 % | ||||||||||||
| Ascensus Holdings，Inc.，Amendment No. 4 replacement | 1m SOFR + 3.00% | 11/24/2032 | 1,500,000 | 1,497,375 | ||||||||
| BCPE Pequod Buyer，Inc.，Initial | 1m SOFR + 3.00% | 11/25/2031 | 1,828,228 | 1,831,080 | ||||||||
| Blackhawk Network Holdings, Inc.，条款B-2 | 3M SOFR + 4.00% | 03/12/2029 | 2,281,915 | 2,290,472 | ||||||||
| Chicago US Midco III，LP，Closing Date | 1m SOFR + 2.50% | 10/30/2032 | 471,646 | 472,235 | ||||||||
| Citco Funding LLC，2024年TL | 1m SOFR + 2.75% | 04/27/2028 | 770,268 | 774,843 | ||||||||
| Citrin Cooperman Advisors LLC，Initial | 3M SOFR + 3.00% | 04/01/2032 | 726,023 | 727,838 | ||||||||
| CoreLogic，Inc.，Initial | 1M SOFR + 3.61% | 06/02/2028 | 1,079,120 | 1,078,731 | ||||||||
| EP Wealth Advisors，LLC，截止日期 | 3M SOFR + 3.00% | 10/18/2032 | 164,625 | 165,037 | ||||||||
| First Eagle控股有限公司，首次 | 3M SOFR + 3.50% | 08/16/2032 | 854,167 | 852,373 | ||||||||
| FNZ USA FINCO，LLC，Initial | 3M SOFR + 5.00% | 11/05/2031 | 1,308,105 | 1,026,863 | ||||||||
| Focus金融伙伴，LLC，B期 | 1m SOFR + 2.50% | 09/15/2031 | 1,980,323 | 1,983,135 | ||||||||
6
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 多元金融服务-5.69 %（续） | ||||||||||||
| Grant Thornton Advisors LLC，2025 Incremental | 1m SOFR + 2.75% | 06/02/2031 | $ | 2,450,286 | $ | 2,452,246 | ||||||
| Grant Thornton Advisors LLC，2025-2 Incremental | 1m SOFR + 3.00% | 06/02/2031 | 461,401 | 462,721 | ||||||||
| Hightower Holdings，LLC，第10号修正案取代 | 3M SOFR + 2.75% | 02/03/2032 | 1,573,692 | 1,574,684 | ||||||||
| Janney Montgomery Scott，Initial | 3M SOFR + 2.75% | 11/28/2031 | 1,132,519 | 1,139,359 | ||||||||
| Nexus Buyer，LLC，Amendment No. 9 Refinancing | 1m SOFR + 3.50% | 07/31/2031 | 3,587,994 | 3,534,569 | ||||||||
| Nexus Buyer，LLC，Amendment No.10 | 1m SOFR + 4.00% | 07/31/2031 | 516,989 | 512,574 | ||||||||
| Osmose Holdings，Initial | 1M SOFR + 3.36% | 06/23/2028 | 787,283 | 772,033 | ||||||||
| 23,148,168 | ||||||||||||
| 多元化电讯服务-1.95 % | ||||||||||||
| Cogeco融资2家LP，期限B | 1M SOFR + 3.25% | 09/18/2030 | 410,274 | 395,180 | ||||||||
| Directv Financing，LLC，截止日期 | 3M SOFR + 5.26% | 08/02/2027 | 96,735 | 96,762 | ||||||||
| LCPR贷款融资有限责任公司，2021年追加 | 600万SOFR + 4.18% | 10/16/2028 | 558,979 | 361,682 | ||||||||
| Level 3 Financing，Inc.，条款B-4 | 1M SOFR + 3.25% | 03/29/2032 | 478,743 | 479,820 | ||||||||
| Numericable US LLC，美元TLB-14 | 3M SOFR + 6.88% | 05/31/2031 | 840,362 | 839,135 | ||||||||
| Syniverse Holdings，LLC，Initial | 3M SOFR + 7.00% | 05/13/2027 | 626,053 | 601,236 | ||||||||
| Viasat, Inc.，增量 | 1M SOFR + 4.61% | 05/30/2030 | 371,449 | 369,767 | ||||||||
| Viasat, Inc.，初始 | 1M SOFR + 4.61% | 03/02/2029 | 645,698 | 642,908 | ||||||||
| Wide Open West Finance，LLC，First Out | 3M SOFR + 7.26% | 12/11/2028 | 672,009 | 682,647 | ||||||||
| Windstream Services，LLC，Incremental TL | 1m SOFR + 4.85% | 10/01/2031 | 1,917,501 | 1,922,295 | ||||||||
| Zacapa S.a.r.l.，Initial | 3M SOFR + 3.75% | 03/22/2029 | 1,526,303 | 1,526,395 | ||||||||
| 7,917,827 | ||||||||||||
| 电气设备-0.28 % | ||||||||||||
| Pioneer AcquisitionCo，LLC，Initial | 3M SOFR + 3.25% | 10/27/2032 | 162,098 | 162,706 | ||||||||
| Spectris，设施B2 | 3M SOFR + 2.75% | 09/30/2032 | 130,675 | 131,165 | ||||||||
| Trio Bidco，LLC，Closing Date Term B | 3M SOFR + 4.00% | 10/29/2032 | 838,578 | 839,979 | ||||||||
| 1,133,850 | ||||||||||||
| 电子设备、仪器和元件-0.12 % | ||||||||||||
| Infinite Bidco LLC.，TL | 3M SOFR + 4.01% | 03/02/2028 | 497,549 | 490,499 | ||||||||
| Food & Staples Retailing-0.69 % | ||||||||||||
| BW Gas & Convenience Holdings，LLC，Initial | 1M SOFR + 3.61% | 03/31/2028 | 528,779 | 527,018 | ||||||||
| EG America，LLC，新设施B3 | 3M SOFR + 3.50% | 02/07/2028 | 1,453,887 | 1,458,132 | ||||||||
| 上行，2025年TL | 3M SOFR + 2.75% | 08/13/2032 | 822,241 | 826,352 | ||||||||
| 2,811,502 | ||||||||||||
| 食品-0.64 % | ||||||||||||
| Froneri US，Inc.，设施B6 | 600万SOFR + 2.25% | 08/02/2032 | 1,875,392 | 1,874,679 | ||||||||
| Pacific Bells，LLC，初始条款B-1 | 3M SOFR + 3.75% | 11/13/2028 | 398,482 | 399,645 | ||||||||
| Snacking Investments US LLC，2025 U.S. TL | 3M SOFR + 3.00% | 10/29/2032 | 319,016 | 320,611 | ||||||||
| 2,594,935 | ||||||||||||
| 燃气公用事业-0.34 % | ||||||||||||
| Prairie Acquiror LP，初始条款B-4 | 1m SOFR + 3.75% | 08/01/2029 | 1,375,687 | 1,382,277 | ||||||||
| 保健设备和用品-0.79 % | ||||||||||||
| Bausch & Lomb Corp.，First Incremental TL | 1m SOFR + 4.00% | 09/29/2028 | 1,361,518 | 1,361,518 | ||||||||
| Hanger, Inc.，延迟开奖（f） | 1m SOFR + 3.50% | 10/23/2031 | 93,123 | 93,513 | ||||||||
| Hanger, Inc.，初始 | 1m SOFR + 3.50% | 10/23/2031 | 1,221,129 | 1,224,146 | ||||||||
| Paradigm Parent，LLC，Initial | 3M SOFR + 4.50% | 04/16/2032 | 491,161 | 430,841 | ||||||||
| Zest Acquisition Corp.，条款B-1 | 3M SOFR + 5.25% | 02/08/2028 | 101,451 | 99,168 | ||||||||
| 3,209,186 | ||||||||||||
| 医疗保健提供者和服务-5.08 % | ||||||||||||
| Azalea Topco，Inc.，2025再融资 | 1m SOFR + 3.00% | 04/30/2031 | 1,714,841 | 1,716,985 | ||||||||
| Charlotte Buyer，Inc.，第二次再融资 | 1M SOFR + 4.25% | 02/11/2028 | 2,030,601 | 1,991,572 | ||||||||
| CHG Healthcare Services，Inc.，修订第7号再融资 | 3M SOFR + 2.75% | 09/29/2028 | 1,119,122 | 1,123,822 | ||||||||
| Cotiviti，Inc.，Floating Rate TL | 1m SOFR + 2.75% | 05/01/2031 | 808,768 | 775,746 | ||||||||
| Cotiviti，Inc.，Incremental TL | 1m SOFR + 2.75% | 03/26/2032 | 701,983 | 672,591 | ||||||||
| Covetrus, Inc.，首次 | 3M SOFR + 5.00% | 10/13/2029 | 1,213,499 | 1,084,055 | ||||||||
| ExamWorks Group，Inc.，Initial | 1m SOFR + 2.50% | 11/01/2028 | 682,045 | 685,182 | ||||||||
| Global Medical Response，Inc.，Initial | 3M SOFR + 3.50% | 10/01/2032 | 1,754,189 | 1,764,135 | ||||||||
| Ingenovis Health，Inc.，Initial | 3M SOFR + 4.51% | 03/06/2028 | 1,117,471 | 298,924 | ||||||||
| LifePoint Health, Inc.,2024年再融资 | 3M SOFR + 3.75% | 05/17/2031 | 2,351,746 | 2,358,237 | ||||||||
| National Mentor Holdings，Inc.，Closing Date First Lien | 1m SOFR + 6.00% | 12/12/2030 | 385,740 | 385,983 | ||||||||
| Organon & Co.,2024年换算成美元 | 1M SOFR + 2.25% | 05/19/2031 | 105,450 | 101,338 | ||||||||
| Outcomes Group Holdings，Inc.，2025年更换 | 1m SOFR + 3.00% | 05/06/2031 | 589,658 | 592,772 | ||||||||
7
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 医疗保健提供者及服务-5.08%（续） | ||||||||||||
| Parexel International股份有限公司第七修正案 | 1m SOFR + 2.75% | 12/12/2031 | $ | 401,832 | $ | 402,921 | ||||||
| Sharp Services，LLC，Tranche E | 3M SOFR + 3.00% | 09/29/2032 | 736,501 | 738,342 | ||||||||
| Solaris US BidCo，LLC，Initial | 3M SOFR + 5.25% | 11/29/2030 | 1,739,536 | 1,704,746 | ||||||||
| Southern Veterinary Partners，LLC，2025 New TL | 3M SOFR + 2.50% | 12/04/2031 | 2,224,646 | 2,220,975 | ||||||||
| Summit Behavioral Health，LLC，First Out | 3M SOFR + 6.01% | 12/31/2029 | 177,865 | 182,015 | ||||||||
| Summit Behavioral Health，LLC，Second Out | 3M SOFR + 4.51% | 12/31/2029 | 1,045,405 | 901,662 | ||||||||
| WCG Intermediate Corp.，2025再融资 | 1m SOFR + 3.00% | 02/25/2032 | 980,391 | 981,773 | ||||||||
| 20,683,776 | ||||||||||||
| 康健科技-2.09 % | ||||||||||||
| AthenaHealth Group，Inc.，Initial | 1m SOFR + 2.75% | 02/15/2029 | 3,310,626 | 3,314,069 | ||||||||
| Ensemble RCM，LLC，term B | 3M SOFR + 3.00% | 08/01/2029 | 2,292,928 | 2,302,857 | ||||||||
| Gainwell Acquisition Corp.，条款B | 3M SOFR + 4.10% | 10/01/2027 | 941,140 | 923,023 | ||||||||
| Raven Acquisition Holdings，LLC，Initial | 1m SOFR + 3.00% | 11/19/2031 | 1,173,308 | 1,176,605 | ||||||||
| Zelis Payments Buyer，Inc. & Zelis Cost Management Buyer，Inc.，第5号修正案 | 1M SOFR + 3.25% | 11/26/2031 | 776,898 | 770,100 | ||||||||
| 8,486,654 | ||||||||||||
| 酒店、餐厅及休闲--5.04% | ||||||||||||
| 19th Holdings Golf，LLC，Initial | 1M SOFR + 3.35% | 02/07/2029 | 997,416 | 1,003,650 | ||||||||
| Allwyn International A.S.，New B Facility | 1m SOFR + 2.50% | 11/24/2032 | 899,864 | 881,867 | ||||||||
| Alterra Mountain Co.，B-8系列 | 1m SOFR + 2.50% | 05/31/2030 | 391,516 | 392,984 | ||||||||
| Arcis Golf，LLC，第3号修正案 | 1m SOFR + 2.75% | 11/24/2028 | 256,310 | 256,631 | ||||||||
| BCPE Grill Parent，Inc.，Initial | 1m SOFR + 4.75% | 09/30/2030 | 563,145 | 521,309 | ||||||||
| Bulldog Purchaser，Inc.，2024 | 3M SOFR + 3.75% | 06/27/2031 | 1,453,755 | 1,461,329 | ||||||||
| Catawba Nation博彩管理局，条款B | 1m SOFR + 4.75% | 03/29/2032 | 1,193,096 | 1,219,941 | ||||||||
| Dave & Buster's，Inc.，2024年增量条款B | 1M SOFR + 3.25% | 11/01/2031 | 1,000,500 | 889,505 | ||||||||
| Dave & Buster's，Inc.，2024年再融资条款B | 1M SOFR + 3.25% | 06/29/2029 | 446,565 | 409,862 | ||||||||
| Fertitta Entertainment，LLC，Initial B | 1M SOFR + 3.25% | 01/27/2029 | 1,442,888 | 1,442,152 | ||||||||
| Fitness International，LLC，term B | 1m SOFR + 4.50% | 02/12/2029 | 969,919 | 970,889 | ||||||||
| Flynn Restaurant Group LP，系列2025 | 1m SOFR + 3.75% | 01/28/2032 | 1,333,637 | 1,338,011 | ||||||||
| Herschend Entertainment Company，LLC，Initial | 1M SOFR + 3.25% | 05/27/2032 | 301,405 | 303,288 | ||||||||
| Horizon Midco 2 Ltd.，term B | 600万SOFR + 4.50% | 10/31/2031 | 1,481,813 | 1,442,915 | ||||||||
| Kingpin Intermediate Holdings LLC，第15号修正案 | 1M SOFR + 3.25% | 09/22/2032 | 1,512,702 | 1,478,666 | ||||||||
| LC Ahab US Bidco LLC，Initial | 1m SOFR + 3.00% | 05/01/2031 | 1,638,852 | 1,641,933 | ||||||||
| MIC Glen LLC，2025 TL | 1M SOFR + 3.25% | 07/21/2028 | 379,547 | 381,873 | ||||||||
| Motion Finco，LLC，设施B3 | 3M SOFR + 3.50% | 11/12/2029 | 993,217 | 879,622 | ||||||||
| Ontario Gaming GTA LP，term B | 3M SOFR + 4.25% | 08/01/2030 | 545,951 | 504,126 | ||||||||
| Scientific Games Holdings LP，2024年再融资 | 3M SOFR + 3.00% | 04/04/2029 | 496,231 | 486,867 | ||||||||
| SGH2 LLC，初始 | 3M SOFR + 4.50% | 08/18/2032 | 865,272 | 867,436 | ||||||||
| Tacala，LLC，第4号修正案取代 | 1m SOFR + 3.00% | 01/31/2031 | 310,087 | 311,969 | ||||||||
| 卡拉威高尔夫公司，Initial | 1m SOFR + 3.00% | 03/15/2030 | 1,407,464 | 1,410,392 | ||||||||
| 20,497,217 | ||||||||||||
| 家庭耐用品-0.92 % | ||||||||||||
| Fender Musical Instruments Corp.，Initial | 1m SOFR + 4.10% | 12/01/2028 | 182,101 | 163,891 | ||||||||
| Hunter Douglas，Inc.，B-1批 | 3M SOFR + 3.00% | 01/17/2032 | 2,462,129 | 2,471,362 | ||||||||
| TGP Holdings III LLC，截止日期 | 1M SOFR + 3.35% | 06/29/2028 | 499,768 | 464,614 | ||||||||
| Weber-Stephen Products LLC，初始期限B | 3M SOFR + 3.75% | 10/01/2032 | 653,388 | 653,714 | ||||||||
| 3,753,581 | ||||||||||||
| 独立电力/可再生电力生产商-1.04 % | ||||||||||||
| 卡罗尔县能源有限责任公司，TL | 3M SOFR + 2.75% | 06/30/2031 | 665,499 | 667,995 | ||||||||
| Cornerstone Generation LLC，定期贷款B | 3M SOFR + 3.25% | 08/11/2032 | 561,547 | 565,961 | ||||||||
| CPV Fairview，LLC，Term B Facility | 3M SOFR + 2.50% | 08/14/2031 | 173,223 | 173,818 | ||||||||
| Hamilton Projects Acquiror，LLC，2025-2重新定价 | 1m SOFR + 2.50% | 05/30/2031 | 935,902 | 941,227 | ||||||||
| Hunterstown Generation，LLC，重新定价 | 3M SOFR + 3.00% | 11/06/2031 | 465,571 | 465,571 | ||||||||
| South Field Energy LLC，定期贷款B | 3M SOFR + 3.00% | 08/29/2031 | 1,331,157 | 1,339,477 | ||||||||
| South Field Energy LLC，定期贷款C垫款 | 3M SOFR + 3.00% | 08/29/2031 | 80,220 | 80,721 | ||||||||
| 4,234,770 | ||||||||||||
| 工业企业集团-2.53 % | ||||||||||||
| Astro Acquisition，LLC，Initial | 600万SOFR + 3.25% | 08/30/2032 | 371,675 | 373,998 | ||||||||
| BG MS US Holdings，LLC，term B | 3M SOFR + 4.75% | 10/22/2032 | 683,271 | 681,562 | ||||||||
| Cube Industrials Buyer，Inc.，2025 TL | 3M SOFR + 3.00% | 10/17/2031 | 795,960 | 800,600 | ||||||||
| Madison IAQ LLC，2025重新定价的增量 | 3M SOFR + 2.75% | 11/08/2032 | 588,601 | 591,809 | ||||||||
8
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 工业企业集团-2.53 %（续） | ||||||||||||
| MajorDrive Holdings IV，LLC，2022 Incremental | 3M SOFR + 5.65% | 06/01/2029 | $ | 286,314 | $ | 260,308 | ||||||
| MajorDrive Holdings IV，LLC，Initial | 3M SOFR + 4.26% | 06/01/2028 | 244,516 | 221,287 | ||||||||
| Merlin Buyer，Inc.，Initial | 3M SOFR + 4.00% | 12/14/2028 | 793,569 | 800,267 | ||||||||
| SPX Flow，Inc.，2025 TL | 1m SOFR + 2.75% | 04/05/2029 | 1,997,847 | 2,001,783 | ||||||||
| SunSource Borrower，LLC，Initial | 1m SOFR + 4.10% | 03/25/2031 | 2,219,057 | 2,216,283 | ||||||||
| TK Elevator Midco GmbH，新设施B | 600万SOFR + 2.75% | 04/30/2030 | 2,339,112 | 2,352,375 | ||||||||
| 10,300,272 | ||||||||||||
| 保险-5.64 % | ||||||||||||
| Acrisure LLC，2024年重新定价条款B-6 | 1m SOFR + 3.00% | 11/06/2030 | 1,692,298 | 1,689,133 | ||||||||
| Alera Group，Inc.，First Lien Initial | 1M SOFR + 3.25% | 05/30/2032 | 1,187,020 | 1,192,065 | ||||||||
| Ardonagh Group Finco Pty和Ardonagh Finco BV，Syndicated Facility B | 600万SOFR + 2.75% | 02/15/2031 | 2,366,046 | 2,358,664 | ||||||||
| Asurion，LLC，新B-11 | 1M SOFR + 4.35% | 08/19/2028 | 997,436 | 998,683 | ||||||||
| Asurion，LLC，新B-12 | 1M SOFR + 4.25% | 09/19/2030 | 309,346 | 309,201 | ||||||||
| Asurion，LLC，新的B-13 | 1M SOFR + 4.25% | 09/19/2030 | 480,139 | 479,764 | ||||||||
| BroadStreet Partners，Inc.，条款B-4 | 1m SOFR + 2.75% | 06/13/2031 | 2,355,979 | 2,362,788 | ||||||||
| Hyperion Refinance S.a.r.l，2025-3再融资 | 3M SOFR + 2.75% | 04/18/2030 | 437,887 | 438,710 | ||||||||
| Hyperion Refinance S.a.r.l.，2025-2再融资 | 1m SOFR + 2.75% | 02/15/2031 | 2,986,667 | 2,991,535 | ||||||||
| IMA Financial Group，Inc.，Initial | 1m SOFR + 3.00% | 11/01/2028 | 1,406,887 | 1,409,307 | ||||||||
| OneDigital Borrower LLC，2025再融资 | 1m SOFR + 3.00% | 07/02/2031 | 2,060,984 | 2,063,602 | ||||||||
| Sedgwick Claims Management Services，Inc.，2023 TL | 1m SOFR + 2.50% | 07/31/2031 | 1,723,855 | 1,728,888 | ||||||||
| The Baldwin Insurance Group Holdings，LLC，再融资条款B-2 | 1m SOFR + 2.50% | 05/26/2031 | 2,670,320 | 2,661,428 | ||||||||
| TIH Insurance Holdings，LLC，第1号修正案取代 | 3M SOFR + 2.75% | 05/06/2031 | 1,223,713 | 1,224,227 | ||||||||
| Trucordia Insurance Holdings，LLC，Initial | 1M SOFR + 3.25% | 06/17/2032 | 1,033,024 | 1,025,277 | ||||||||
| 22,933,272 | ||||||||||||
| 互联网与目录零售-0.10 % | ||||||||||||
| Shutterfly Finance，LLC，交换条款B | 3M SOFR + 5.00% | 10/01/2027 | 448,783 | 426,824 | ||||||||
| IT服务-1.13 % | ||||||||||||
| Avalara, Inc.，新TL | 3M SOFR + 2.75% | 03/26/2032 | 1,086,688 | 1,090,611 | ||||||||
| Constant Contact, Inc.，初始 | 3M SOFR + 4.26% | 02/10/2028 | 1,623,939 | 1,544,188 | ||||||||
| Disco Parent，Inc.，TL | 3M SOFR + 3.25% | 08/06/2032 | 94,529 | 95,002 | ||||||||
| Endure Digital，Inc.，Exchange Superpriority First Out | 1m SOFR + 3.60% | 04/30/2029 | 284,257 | 236,644 | ||||||||
| Endure Digital，Inc.，Exchange Superpriority Second Out | 1m SOFR + 3.60% | 04/30/2029 | 94,281 | 59,239 | ||||||||
| Endure Digital，Inc.，New Money Tranche A | 1M SOFR + 5.75% | 04/30/2029 | 31,493 | 29,367 | ||||||||
| Ping Identity Holding Corp.，Initial | 3M SOFR + 2.75% | 11/15/2032 | 524,323 | 524,978 | ||||||||
| Rackspace Technology Global，Inc.，超优先期限B | 1M SOFR + 6.36% | 05/15/2028 | 994,937 | 1,009,861 | ||||||||
| 4,589,890 | ||||||||||||
| 生命科学工具与服务-0.34 % | ||||||||||||
| Precision Medicine Group，LLC，Amendment No. 4 Refinancing | 3M SOFR + 3.50% | 08/20/2032 | 1,371,279 | 1,378,136 | ||||||||
| 机械-0.93 % | ||||||||||||
| Element Materials Technology Group US Holdings，Inc.，Initial Term B | 3M SOFR + 3.68% | 07/06/2029 | 1,103,482 | 1,110,379 | ||||||||
| Indicor，LLC，D档 | 3M SOFR + 2.75% | 11/22/2029 | 1,524,784 | 1,532,926 | ||||||||
| Johnstone Supply，LLC，延长期限B-6 | 1m SOFR + 2.50% | 06/09/2031 | 464,420 | 466,677 | ||||||||
| Pro Mach Group，Inc.，第6号修正案 | 1m SOFR + 2.75% | 10/16/2032 | 655,701 | 659,648 | ||||||||
| 3,769,630 | ||||||||||||
| 传媒-3.29 % | ||||||||||||
| Aragorn Parent Corp.，2025年更换 | 1m SOFR + 3.50% | 12/15/2028 | 1,068,428 | 1,074,657 | ||||||||
| Arches Buyer，Inc.，Initial | 1M SOFR + 3.35% | 12/06/2027 | 1,485,021 | 1,487,070 | ||||||||
| Clear Channel Outdoor Holdings, Inc.,2024年再融资 | 1M SOFR + 4.11% | 08/21/2028 | 1,250,000 | 1,250,675 | ||||||||
| Creative Artists Agency，LLC，2025再融资 | 1m SOFR + 2.50% | 10/01/2031 | 2,797,235 | 2,806,550 | ||||||||
| Endeavor Group Holdings, Inc.，定期贷款B | 1m SOFR + 3.00% | 03/24/2032 | 2,174,193 | 2,183,847 | ||||||||
| Gray Television, Inc.，条款F | 1M SOFR + 5.25% | 06/04/2029 | 15,113 | 15,100 | ||||||||
| Red Planet Borrower，LLC，Initial | 1m SOFR + 4.00% | 09/08/2032 | 466,399 | 466,837 | ||||||||
| Summer（BC）Bidco B LLC，扩建设施B1 | 3M SOFR + 5.26% | 02/15/2029 | 1,005,674 | 934,019 | ||||||||
| United Talent Agency，LLC，term B | 1m SOFR + 3.00% | 06/10/2032 | 1,410,976 | 1,419,795 | ||||||||
| Univision Communications，Inc.，2024年更换 | 1M SOFR + 3.61% | 01/31/2029 | 1,257,909 | 1,253,582 | ||||||||
| Wasserman Media Group，LLC，Initial | 1m SOFR + 3.00% | 06/23/2032 | 471,261 | 473,028 | ||||||||
| 13,365,160 | ||||||||||||
9
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 石油、天然气和消耗性燃料-0.35% | ||||||||||||
| Blackfin Pipeline，LLC，Initial | 1m SOFR + 3.00% | 09/29/2032 | $ | 367,647 | $ | 367,952 | ||||||
| Deep Blue Operating I LLC，TL | 1m SOFR + 2.75% | 10/01/2032 | 199,180 | 199,636 | ||||||||
| Fleet U.S. Bidco，Inc.，Facilty B2 | 600万SOFR + 2.75% | 02/21/2031 | 100,003 | 100,379 | ||||||||
| M6 ETX Holdings II Midco，LLC，New TL | 1m SOFR + 2.50% | 04/01/2032 | 234,696 | 235,785 | ||||||||
| Par Petroleum，LLC，第3号修正案 | 3M SOFR + 3.25% | 02/28/2030 | 500,000 | 501,460 | ||||||||
| 1,405,212 | ||||||||||||
| 造纸和林产品-0.01 % | ||||||||||||
| Closure Systems Intl。Group，Inc.，第6号修正案重新定价 | 1m SOFR + 3.00% | 03/22/2029 | 45,068 | 45,136 | ||||||||
| 医药-1.49 % | ||||||||||||
| Amneal制药 LLC，第1号修正案 | 1m SOFR + 3.50% | 08/01/2032 | 2,927,801 | 2,949,759 | ||||||||
| Endo Finance Holdings，Inc.，2024再融资 | 1m SOFR + 3.75% | 04/23/2031 | 651,057 | 645,361 | ||||||||
| Genmab A/S，初始期限B | 3M SOFR + 3.00% | 12/12/2032 | 626,794 | 629,539 | ||||||||
| Opal Bidco SAS，设施B4 | 3M SOFR + 3.00% | 04/28/2032 | 1,842,955 | 1,852,741 | ||||||||
| 6,077,400 | ||||||||||||
| 专业服务-4.05 % | ||||||||||||
| AQ Carver Buyer，Inc.，2023再融资 | 3M SOFR + 5.60% | 08/02/2029 | 1,222,776 | 1,160,109 | ||||||||
| Armor Holdco，Inc.，2025-1 Incremental | 600万SOFR + 3.75% | 12/11/2031 | 1,030,792 | 1,034,338 | ||||||||
| 伯克利研究小组，初步 | 3M SOFR + 3.25% | 05/01/2032 | 684,805 | 685,517 | ||||||||
| DS Admiral Bidco，LLC，Initial | 3M SOFR + 4.25% | 06/26/2031 | 2,325,717 | 2,279,202 | ||||||||
| Eisner Advisory Group，LLC，2024年2月增量 | 1m SOFR + 4.00% | 02/28/2031 | 1,098,246 | 1,104,430 | ||||||||
| Omnia Partners，LLC，First Amendment Incremental | 3M SOFR + 5.00% | 05/31/2032 | 541,500 | 540,146 | ||||||||
| Omnia Partners，LLC，Initial | 3M SOFR + 2.75% | 07/25/2030 | 2,291,220 | 2,298,185 | ||||||||
| OPENLANE，Inc.，2025 Incremental | 3M SOFR + 2.50% | 10/08/2032 | 229,652 | 229,510 | ||||||||
| Orion Midco Ltd.，Initial | 3M SOFR + 3.50% | 10/08/2032 | 382,789 | 384,343 | ||||||||
| OVG Business Services，LLC，term B | 1m SOFR + 3.00% | 06/25/2031 | 1,661,058 | 1,661,058 | ||||||||
| PEX控股有限责任公司，初始 | 3M SOFR + 2.75% | 11/26/2031 | 517,033 | 516,816 | ||||||||
| Pinnacle Buyer，LLC，初始条款B | 3M SOFR + 2.50% | 10/01/2032 | 381,595 | 382,790 | ||||||||
| Pye-Barker Fire & Safety，LLC，关闭日期TL | 3M SOFR + 2.50% | 12/16/2032 | 571,533 | 574,865 | ||||||||
| Ryan，LLC，New Initial | 1m SOFR + 3.50% | 11/05/2032 | 2,161,017 | 2,130,395 | ||||||||
| UST Global，Inc.，Initial | 1m SOFR + 3.00% | 11/20/2028 | 325,203 | 326,016 | ||||||||
| Vaco Holdings，LLC，Initial | 3M SOFR + 5.15% | 01/22/2029 | 1,000,249 | 812,502 | ||||||||
| Wood Mackenzie，TL | 3M SOFR + 3.00% | 02/07/2031 | 341,237 | 343,185 | ||||||||
| 16,463,407 | ||||||||||||
| 房地产管理与开发-0.31 % | ||||||||||||
| BIFM US Finance LLC，2025 TL | 1M SOFR + 3.25% | 05/31/2028 | 516,751 | 519,764 | ||||||||
| Brookfield Retail Holdings VII Sub 3 LLC，初始期限B | 1m SOFR + 3.50% | 05/28/2030 | 751,082 | 754,214 | ||||||||
| 1,273,978 | ||||||||||||
| 公路铁路-0.45 % | ||||||||||||
| GN Loanco，LLC，term B | 3M SOFR + 4.50% | 12/19/2030 | 1,225,472 | 1,214,442 | ||||||||
| 奥德赛物流科技、新TL | 1m SOFR + 4.50% | 10/12/2027 | 804,389 | 608,319 | ||||||||
| 1,822,761 | ||||||||||||
| 半导体&半导体设备-0.43 % | ||||||||||||
| Altera Corp.，TL | 600万SOFR + 3.00% | 09/10/2032 | 1,195,723 | 1,203,328 | ||||||||
| Coorstek，Inc.，初始条款B | 3M SOFR + 3.00% | 10/28/2032 | 218,592 | 220,096 | ||||||||
| Viavi Solutions，TL | 3M SOFR + 2.50% | 10/16/2032 | 342,840 | 344,554 | ||||||||
| 1,767,978 | ||||||||||||
| 软件-7.65 % | ||||||||||||
| Bending Spoons S.P.A，Amendment No. 4 Dollar TL | 1M SOFR + 5.88% | 03/07/2031 | 246,568 | 238,554 | ||||||||
| Central Parent，Inc.，2024年再融资 | 3M SOFR + 3.25% | 07/06/2029 | 1,561,749 | 1,319,022 | ||||||||
| Conservice Midco，LLC，第十二修正案 | 1m SOFR + 2.75% | 05/13/2030 | 1,994,376 | 1,996,250 | ||||||||
| Cyberswift BV，TL | 3M SOFR + 4.00% | 10/08/2032 | 245,613 | 244,923 | ||||||||
| DayForce，Inc.，TL | 1m SOFR + 3.00% | 08/20/2032 | 1,500,487 | 1,495,131 | ||||||||
| Delta Topco，Inc.，第四修正案再融资 | 1m SOFR + 2.75% | 11/30/2029 | 1,373,589 | 1,365,526 | ||||||||
| Entrata，Inc.，TL | 1m SOFR + 3.00% | 09/30/2032 | 57,889 | 58,178 | ||||||||
| Flash Charm，Inc.，Incremental TL | 3M SOFR + 3.50% | 03/02/2028 | 1,568,632 | 1,458,389 | ||||||||
| Genesys Cloud Services，Inc.，2025 TL | 1m SOFR + 2.50% | 01/30/2032 | 1,844,960 | 1,839,204 | ||||||||
| Icon Parent，Inc.，2025 TL | 3M SOFR + 2.75% | 11/13/2031 | 661,944 | 662,692 | ||||||||
| Javelin Buyer，Inc.，第一修正案 | 3M SOFR + 2.75% | 12/05/2031 | 1,551,688 | 1,555,242 | ||||||||
| Kaseya，Initial | 1m SOFR + 3.00% | 03/20/2032 | 1,456,047 | 1,456,251 | ||||||||
| Magenta Buyer LLC，First out | 3M SOFR + 7.01% | 07/27/2028 | 247,945 | 186,578 | ||||||||
| Magenta Buyer LLC，Second Out | 3M SOFR + 7.26% | 07/27/2028 | 390,433 | 166,586 | ||||||||
10
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 参考利率&价差 | 到期日 | 本金金额 | 价值 | |||||||||
| 高级有担保第一留置权贷款-76.84 %(b)（续） | ||||||||||||
| 软件-7.65 %（续） | ||||||||||||
| Magenta Buyer LLC，Super Priority | 3M SOFR + 6.25% | 07/27/2028 | $ | 142,199 | $ | 141,915 | ||||||
| McAfee Corp.，B-2档 | 1m SOFR + 3.00% | 03/01/2029 | 2,743,308 | 2,522,993 | ||||||||
| Planview Parent，Inc.，2024-B Incremental | 3M SOFR + 3.50% | 12/17/2027 | 1,074,092 | 1,027,434 | ||||||||
| Plusgrade，Inc.，2025年替换初始 | 1m SOFR + 3.50% | 03/03/2031 | 590,696 | 590,696 | ||||||||
| Project Alpha Intermediate Holding，Inc.，Second Amendment Refinancing | 3M SOFR + 3.25% | 10/26/2030 | 1,140,937 | 1,138,415 | ||||||||
| Project Boost Purchaser，LLC，Initial | 3M SOFR + 2.75% | 07/16/2031 | 2,967,758 | 2,973,931 | ||||||||
| Proofpoint, Inc.,2025-B Incremental | 3M SOFR + 3.00% | 08/31/2028 | 1,348,989 | 1,354,695 | ||||||||
| RealPage，Inc.，2024-1 Incremental | 3M SOFR + 3.75% | 04/24/2028 | 1,019,595 | 1,021,828 | ||||||||
| RealPage，Inc.，Initial | 3M SOFR + 3.26% | 04/24/2028 | 1,237,080 | 1,235,447 | ||||||||
| Skillsoft Finance II，Inc.，Initial | 1M SOFR + 5.36% | 07/14/2028 | 345,878 | 245,141 | ||||||||
| Solarwinds Holdings，Inc.，Initial | 3M SOFR + 4.00% | 04/16/2032 | 1,249,751 | 1,246,627 | ||||||||
| Sovos Compliance，LLC，Initial | 1M SOFR + 3.25% | 08/13/2029 | 747,500 | 749,197 | ||||||||
| Storable，Inc.，New Initial | 1M SOFR + 3.25% | 04/16/2031 | 746,241 | 749,039 | ||||||||
| UKG，Inc.，2024年再融资 | 3M SOFR + 2.50% | 02/10/2031 | 1,011,589 | 1,011,993 | ||||||||
| WebMD Health Corp.和MH SUB I，LLC，2023 | 1M SOFR + 4.25% | 05/03/2028 | 799,073 | 741,140 | ||||||||
| Zodiac Purchaser，LLC，term B | 1m SOFR + 3.50% | 02/14/2032 | 328,812 | 327,497 | ||||||||
| 31,120,514 | ||||||||||||
| 专业零售-0.37 % | ||||||||||||
| Great Outdoors Group，LL，Term B-3 | 1M SOFR + 3.25% | 01/23/2032 | 462,694 | 465,007 | ||||||||
| Harbor Freight Tools USA，Inc.，Initial | 1M SOFR + 2.25% | 06/11/2031 | 249,885 | 247,209 | ||||||||
| Restoration Hardware，Inc.，2022 Incremental B-2 | 1M SOFR + 3.35% | 10/20/2028 | 744,231 | 738,031 | ||||||||
| Torrid LLC，截止日期 | 3M SOFR + 5.76% | 06/14/2028 | 163,235 | 63,843 | ||||||||
| 1,514,090 | ||||||||||||
| 纺织品、服装和奢侈品-0.95 % | ||||||||||||
| Beach Acquisition Co. Parent，LLC，B-1档 | 3M SOFR + 3.25% | 09/12/2032 | 704,711 | 709,560 | ||||||||
| Champ Acquisition Corp.，Initial | 1m SOFR + 4.00% | 11/25/2031 | 833,765 | 836,892 | ||||||||
| Varsity Brands Holding Co，Inc.，2025-2置换 | 3M SOFR + 3.00% | 08/26/2031 | 2,316,653 | 2,323,903 | ||||||||
| 3,870,355 | ||||||||||||
| 交通基建-0.31 % | ||||||||||||
| WWEX UNI TopCo Holdings，LLC，重新定价初始TL | 3M SOFR + 4.00% | 07/26/2028 | 1,263,916 | 1,268,655 | ||||||||
| 无线电信服务-0.87 % | ||||||||||||
| DIFL US LLC，Initial | 3M SOFR + 5.25% | 08/06/2032 | 2,000,000 | 1,992,860 | ||||||||
| Sable Int'l Finance Ltd.和Coral-US-Co-Borrower LLC，期限B-7 | 3M SOFR + 3.25% | 01/31/2032 | 1,560,360 | 1,529,933 | ||||||||
| 3,522,793 | ||||||||||||
| 总高级有担保第一留置权贷款 （费用318382563美元） |
312,642,744 | |||||||||||
| 股份 | 价值 | |||||||||||
| 普通股-0.09 %（g） | ||||||||||||
| Altice法国力士3 | 10,709 | 192,868 | ||||||||||
| CEC Brands，LLC | 10,454 | 141,129 | ||||||||||
| Elevate Textiles，Inc。 | 20,088 | 51,476 | ||||||||||
| Marine One Holdco，LLC | 5,865 | 1,466 | ||||||||||
| Needle Holdings LLC（e） | 119,194 | – | ||||||||||
| 普通股票总数 （费用299546美元） |
386,939 | |||||||||||
| 股份 | 价值 | |||||||||||
| 货币市场基金-1.48 % | ||||||||||||
| 景顺短期投资信托国债组合，机构类，3.64%（7天收益率） | 6,001,481 | 6,001,481 | ||||||||||
| 货币市场资金总额 （费用6001481美元） |
6,001,481 | |||||||||||
| 总投资-165.01 % （费用762,528，698美元） |
671,378,171 | |||||||||||
| 超过其他资产的负债-0.02 % | 86,637 | |||||||||||
11
XAI Octagon Floating Rate & Alternative Income Trust
投资时间表
2025年12月31日（续）（未经审计）
| 股份 | 价值 | |||||||||||
| 货币市场基金-1.48 %（续） | ||||||||||||
| 优先股（扣除递延融资成本4,311，443美元）-（23.64）% | (96,188,557 | ) | ||||||||||
| 杠杆工具（扣除582,846美元的递延杠杆成本）-（41.39）% | (168,417,154 | ) | ||||||||||
| 净资产-100.00 % | $ | 406,859,097 |
截至2025年12月31日持有的所有证券均作为信托信贷额度的抵押品进行质押。
| (a) | 全部或部分证券免于根据1933年《证券法》进行登记。这些证券可在根据规则144A免于登记的交易中转售，通常转售给合格的机构买家。截至2025年12月31日，这些证券的总价值为348,283，013美元，占净资产的85.60%。 |
| (b) | 浮动利率投资。利率会定期重置。显示的利率反映了2025年12月31日生效的利率。对于基于已公布的参考利率和价差的证券，参考利率和价差在上述说明中注明。杠杆贷款和CLO债务证券通常在其贷款协议和组织文件中嵌入参考利率下限（“利率下限”）。杠杆贷款的利率下限一般为0%或更高，而CLO债务证券通常将利率下限设定为0%。利率下限用于确定借款人在固定利差之前支付的最低基本利率。某些浮动利率证券不是基于已公布的参考利率和利差，而是由发行人或代理商确定，并基于当前的市场条件。这些证券在上面的描述中没有标明参考利率和价差。 |
| （c） | CLO次级票据、收益票据、Y票据和M票据被视为CLO权益头寸。CLO股票头寸有权获得经常性分配，这种分配通常等于基础证券支付的剩余现金流减去对债务持有人的合同付款和基金费用。有效收益率是根据这些经常性分配的金额和时间以及终端本金支付的估计金额来估计的。CLO权益头寸的有效收益率通常每季度更新一次，或者在附加购买、再融资或重置等交易中更新。预计的收益率和投资成本最终可能无法实现。显示的估计收益率截至2025年12月31日。 |
| （d） | 截至2025年12月31日，本信托对该项投资计提了0%的收益率。 |
| （e） | 由于使用了重大的不可观察输入值来确定公允价值，这些投资被归类为第3级资产。 |
| （f） | 截至2025年12月31日，这项投资有一项未提供资金的承诺。 |
| （g） | 非收入产生的安全性。 |
投资简称：
AB – Aktiebolag（瑞典：有限责任公司）
A/S-Aktieselskab（丹麦语：Joint Stock Company）
BV – Besloten Vennootschap（荷兰语：Private Limited Company）
GmbH – Gesellschaft mit beschr ä nkter Haftung（德语：Limited Liability Company）
LLC –有限责任公司
LP –有限合伙
Ltd. – Limited
SA-Soci é t é Anonyme（法语：Public Limited Company）
S.a.r.l-Soci é t é Anonyme a Responsabilite Limitee（法语：Limited Liability Company）
SOFR –有担保隔夜融资利率
参考汇率：
截至2025年12月31日1M SOFR为3.79%
截止2025年12月31日3M SOFR为4.01%
6M SOFR截至2025年12月31日为4.20%
12