|
OXFORD PARK INCOME FUND INC.
|
|
SCHEDULE OF INVESTMENTS
|
|
JUNE 30, 2025
|
|
(Unaudited)
|
|
|
COMPANY/INVESTMENT(1)(8)(9)
|
|
ACQUISITION DATE(10)
|
|
PRINCIPAL AMOUNT/SHARES
|
|
COST
|
|
FAIR VALUE(2)
|
|
% of Net Assets
|
|
||
|
Collateralized Loan Obligation - Debt Investments
|
||||||||||||||
|
Octagon Investment Partners 45, Ltd.
|
|
|||||||||||||
|
CLO secured notes - Class ER(3)(6), 11.08% (SOFR + 6.82%, due April 15, 2035)
|
04/10/2023
|
$ 250,000
|
$ |
217,804
|
$ |
235,325
|
||||||||
|
Total Structured Finance - Debt Investments
|
217,804
|
235,325
|
0.41%
|
|||||||||||
|
Total Collateralized Loan Obligation - Debt Investments
|
$ |
217,804
|
$ |
235,325
|
0.41%
|
|||||||||
|
Collateralized Loan Obligation - Equity Investments
|
||||||||||||||
|
Structured Finance - Equity Investments
|
||||||||||||||
|
ALM VII (R), Ltd.
|
||||||||||||||
|
CLO preference shares(5)(7)(12), (Estimated yield 19.07%, maturity January 15, 2036)
|
09/05/2024
|
$ 5,601,000
|
$ |
1,683,130
|
$ |
1,232,220
|
||||||||
|
Allegro CLO XII, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(11)(12), (Estimated yield 25.91%, maturity July 21, 2037)
|
04/25/2025
|
5,069,000
|
2,685,418
|
2,838,640
|
||||||||||
|
Ares Loan Funding IX, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(11)(12), (Estimated yield 17.85%, maturity March 31, 2038)
|
03/03/2025
|
3,900,000
|
3,059,048
|
3,159,000
|
||||||||||
|
Ares XLIII CLO Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 20.89%, maturity January 15, 2038)
|
08/17/2023
|
1,028,690
|
264,605
|
276,479
|
||||||||||
|
Ares XLIV CLO Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 20.60%, maturity April 15, 2034)
|
12/15/2023
|
1,000,000
|
262,304
|
192,619
|
||||||||||
|
Atlas Senior Loan Fund XXIII, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7), (Estimated yield 18.96%, maturity July 20, 2037)
|
01/13/2025
|
1,475,000
|
775,959
|
737,500
|
||||||||||
|
Bain Capital Credit CLO 2017-2, Limited
|
||||||||||||||
|
CLO subordinated notes(5)(7), (Estimated yield 15.55%, maturity July 25, 2037)
|
01/17/2024
|
626,000
|
360,199
|
300,793
|
||||||||||
|
Barings CLO Ltd. 2022-IV
|
||||||||||||||
|
CLO subordinated notes(5)(7), (Estimated yield 18.49%, maturity October 20, 2037)
|
03/11/2025
|
3,500,000
|
2,705,289
|
2,695,000
|
||||||||||
|
BlueMountain CLO XXIII Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7), (Estimated yield 16.57%, maturity July 20, 2037)
|
11/12/2024
|
3,750,000
|
1,796,023
|
1,425,000
|
||||||||||
|
BlueMountain CLO XXXI Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 21.89%, maturity April 19, 2034)
|
04/16/2024
|
1,042,398
|
589,384
|
427,383
|
||||||||||
|
Carlyle US CLO 2024-F, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 14.07%, maturity October 25, 2037)
|
10/10/2024
|
1,446,667
|
1,277,364
|
1,142,867
|
||||||||||
|
CBAMR 2021-15, LLC
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 21.81%, maturity January 20, 2038)
|
05/07/2025
|
2,900,000
|
1,306,479
|
1,334,000
|
||||||||||
|
CIFC Funding 2014-V, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7), (Estimated yield 16.10%, maturity July 17, 2037)
|
02/21/2025
|
5,000,000
|
2,187,245
|
2,125,000
|
||||||||||
|
Dryden 78 CLO, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 13.03%, maturity April 17, 2037)
|
07/25/2023
|
686,274
|
397,405
|
281,372
|
||||||||||
|
Dryden 90 CLO, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 4.89%, maturity February 20, 2035)
|
04/04/2023
|
250,000
|
143,115
|
82,500
|
||||||||||
|
Dryden 92 CLO, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 19.09%, maturity November 20, 2034)
|
07/18/2024
|
1,000,000
|
487,308
|
370,000
|
||||||||||
|
Elmwood CLO XII Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 20.82%, maturity October 15, 2037)
|
07/24/2023
|
750,000
|
426,223
|
382,500
|
||||||||||
|
Elmwood CLO 16, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 10.82%, maturity April 20, 2037)
|
06/07/2023
|
800,000
|
450,669
|
360,000
|
||||||||||
|
Franklin Park Place CLO I
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 25.07%, maturity April 14, 2038)
|
05/30/2024
|
1,547,366
|
775,498
|
804,630
|
||||||||||
|
Generate CLO 11 Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 16.93%, maturity October 20, 2037)
|
02/03/2025
|
1,789,000
|
1,504,445
|
1,341,750
|
||||||||||
|
Generate CLO 15 Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 16.41%, maturity July 20, 2037)
|
05/21/2025
|
3,000,000
|
1,977,652
|
1,950,000
|
||||||||||
|
Lakeside Park CLO, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 16.16%, maturity April 15, 2038)
|
03/07/2025
|
3,716,667
|
2,962,756
|
2,812,030
|
||||||||||
|
(Continued on next page)
|
||||||||||||||
|
OXFORD PARK INCOME FUND INC.
|
|
SCHEDULE OF INVESTMENTS - (continued)
|
|
JUNE 30, 2025
|
|
(Unaudited)
|
|
|
COMPANY/INVESTMENT(1)(8)(9)
|
|
ACQUISITION DATE(10)
|
|
PRINCIPAL AMOUNT/SHARES
|
|
COST
|
|
FAIR VALUE(2)
|
|
% of Net Assets
|
|||
|
Collateralized Loan Obligation - Equity Investments - (continued)
|
||||||||||||||
|
Structured Finance - Equity Investments - (continued)
|
||||||||||||||
|
Marble Point CLO XVI Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 19.45%, maturity November 16, 2034)
|
04/17/2024
|
$ 500,000
|
$ |
251,744
|
$ |
200,000
|
||||||||
|
Magnetite XLII, Limited
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 12.18%, maturity January 25, 2038)
|
10/17/2024
|
3,005,000
|
3,002,781
|
2,641,996
|
||||||||||
|
Neuberger Berman CLO XVII, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 14.87%, maturity July 22, 2038)
|
06/13/2024
|
1,800,000
|
412,342
|
369,000
|
||||||||||
|
Oaktree CLO 2019-2 Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 16.84%, maturity October 15, 2037)
|
01/30/2025
|
3,000,000
|
1,357,147
|
1,230,000
|
||||||||||
|
OCP CLO 2015-10, Ltd.
|
||||||||||||||
|
CLO preference shares(5)(7)(12), (Estimated yield 18.33%, maturity January 26, 2038)
|
07/06/2023
|
355,000
|
153,508
|
152,650
|
||||||||||
|
OCP CLO 2016-11, Ltd.
|
||||||||||||||
|
CLO preference shares(5)(7)(12), (Estimated yield 13.99%, maturity July 26, 2038)
|
05/31/2024
|
2,680,000
|
1,128,252
|
991,600
|
||||||||||
|
OCP CLO 2024-37, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 14.08%, maturity October 15, 2037)
|
09/27/2024
|
2,000,000
|
1,816,016
|
1,620,000
|
||||||||||
|
Octagon Investment Partners 42, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 17.86%, maturity July 15, 2037)
|
08/16/2023
|
863,922
|
338,735
|
296,862
|
||||||||||
|
Octagon 52, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 17.44%, maturity July 23, 2037)
|
06/05/2024
|
1,073,171
|
748,051
|
665,366
|
||||||||||
|
Octagon 55, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 19.56%, maturity July 20, 2034)
|
09/28/2023
|
500,000
|
248,150
|
200,000
|
||||||||||
|
OFSI BSL X, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 20.63%, maturity April 20, 2034)
|
08/01/2023
|
275,000
|
158,821
|
90,750
|
||||||||||
|
Park Blue CLO 2024-V, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7), (Estimated yield 16.03%, maturity July 25, 2037)
|
01/31/2025
|
2,500,000
|
1,868,638
|
1,675,000
|
||||||||||
|
PPM CLO 5, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 15.37%, maturity October 18, 2034)
|
12/10/2024
|
3,333,333
|
1,410,187
|
1,033,333
|
||||||||||
|
Regatta X Funding Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 25.43%, maturity July 17, 2037)
|
05/07/2025
|
10,600,000
|
2,217,136
|
2,279,000
|
||||||||||
|
Regatta XIV Funding Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 50.71%, maturity October 25, 2031)
|
02/20/2025
|
5,000,000
|
28,380
|
273,500
|
||||||||||
|
Regatta XXXI Funding Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 16.96%, maturity March 25, 2038)
|
02/21/2025
|
1,975,269
|
1,893,768
|
1,800,458
|
||||||||||
|
Regatta 32 Funding Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 17.43%, maturity July 25, 2038)
|
06/11/2025
|
2,848,644
|
2,635,616
|
2,610,782
|
||||||||||
|
RR 1, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 0.00%, maturity July 15, 2035)
|
05/30/2024
|
1,916,667
|
293,211
|
275,617
|
||||||||||
|
Sculptor CLO XXIX, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 19.26%, maturity October 22, 2034)
|
09/20/2023
|
250,000
|
121,292
|
107,500
|
||||||||||
|
Sculptor CLO XXXIII, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 15.67%, maturity July 20, 2037)
|
07/01/2024
|
643,000
|
470,939
|
405,090
|
||||||||||
|
Sculptor CLO XXXIV, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 15.74%, maturity January 20, 2038)
|
11/15/2024
|
789,000
|
643,840
|
583,860
|
||||||||||
|
Sculptor CLO XXXV, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 19.48%, maturity April 27, 2038)
|
03/24/2025
|
3,500,000
|
2,502,134
|
2,380,000
|
||||||||||
|
Signal Peak CLO 4, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 9.06%, maturity October 26, 2034)
|
08/09/2023
|
2,918,603
|
599,120
|
437,790
|
||||||||||
|
Signal Peak CLO 5, Ltd. (f/k/a Mariner CLO 5, Ltd.)
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 15.04%, maturity April 25, 2037)
|
05/20/2024
|
1,000,000
|
281,891
|
195,000
|
||||||||||
| |
||||||||||||||
|
Signal Peak CLO 7, Ltd. (f/k/a Mariner CLO 7, Ltd.)
|
||||||||||||||
|
CLO subordinated notes(5)(7)(11)(12), (Estimated yield 21.15%, maturity October 20, 2037)
|
05/21/2025
|
6,908,500
|
3,012,714
|
2,943,021
|
||||||||||
|
(Continued on next page)
|
||||||||||||||
|
OXFORD PARK INCOME FUND INC.
|
|||||||||||
|
SCHEDULE OF INVESTMENTS - (continued)
|
|||||||||||
|
JUNE 30, 2025
|
|||||||||||
|
(Unaudited)
|
|||||||||||
|
|
COMPANY/INVESTMENT(1)(8)(9)
|
|
ACQUISITION DATE(10)
|
|
PRINCIPAL AMOUNT/SHARES
|
|
COST
|
|
FAIR VALUE(2)
|
|
% of Net Assets
|
|||
|
Collateralized Loan Obligation - Equity Investments - (continued)
|
||||||||||||||
|
Structured Finance - Equity Investments - (continued)
|
||||||||||||||
|
Signal Peak CLO 8, Ltd. (f/k/a Mariner CLO 8, Ltd.)
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 20.53%, maturity October 20, 2037)
|
11/08/2023
|
$ 384,720
|
$ |
208,933
|
$ |
203,902
|
||||||||
|
Sound Point CLO XXIII, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 30.50%, maturity July 15, 2034)
|
05/09/2024
|
1,500,000
|
401,608 |
239,438
|
||||||||||
|
TCW CLO 2021-2, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 19.14%, maturity July 25, 2034)
|
01/25/2024
|
500,000
|
281,822
|
220,000
|
||||||||||
|
Venture 49 CLO, Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12), (Estimated yield 23.94%, maturity April 20, 2037)
|
12/20/2024
|
4,775,000
|
2,437,465
|
2,196,500
|
||||||||||
|
Wind River 2021-4 CLO Ltd.
|
||||||||||||||
|
CLO subordinated notes(5)(7)(12)(17), (Estimated yield 0.00%, maturity January 20, 2035)
|
08/15/2023
|
250,000
|
115,751
|
30,000
|
||||||||||
|
Total Structured Finance - Equity Investments
|
59,117,510 |
54,619,298
|
96.91%
|
|||||||||||
|
Total Collateralized Loan Obligation - Equity Investments
|
$ |
59,117,510
|
$ |
54,619,298
|
96.91%
|
|||||||||
|
Collateralized Loan Obligation Fee Notes - Equity Investments - Other CLO Equity Related Investments
|
||||||||||||||
|
Structured Finance - Equity Fee Note Investments
|
||||||||||||||
|
CLO other (12)(13)(14)
|
Various(15)
|
$ |
335,852
|
$ |
383,112
|
|||||||||
|
Total Other CLO Equity Related Investments
|
335,852
|
383,112
|
0.68%
|
|||||||||||
|
Total Investments
|
$ |
59,671,166
|
$
|
55,237,735
|
97.32%
|
|||||||||
|
Cash and cash equivalents
|
||||||||||||||
|
First American Government Obligations Fund, Class X Shares 4.26% (4)
|
2,032,213
|
$ |
2,032,213
|
$ |
2,032,213
|
|||||||||
|
Total Cash Equivalents
|
$ |
2,032,213
|
$ |
2,032,213
|
3.58%
|
|||||||||
| |
||||||||||||||
|
Total Investments and Cash Equivalents
|
$ |
61,703,379
|
$ |
57,269,948
|
100.90%
|
|||||||||
| |
|
|
|||
|
(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").
|
|||||
|
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) Represents cash equivalents held in a money market account as of June 30, 2025.
|
|||||
|
(5) Cost value reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO equity investments.
|
|||||
| (6) The principal balance outstanding for this debt investment, in whole or in part, is indexed to the 90-day Secured Overnight Financing Rate (“SOFR”). |
|||||
|
(7) The CLO subordinated notes and preferred shares are considered equity positions in the CLO funds. Equity investments are entitled to recurring distributions which are generally equal to
|
|||||
|
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
|
|||||
|
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
|
|||||
|
reviewed and adjusted, and the estimated yield may not ultimately be realized.
|
|||||
|
(8) The fair value of the investment was determined using significant unobservable inputs.
|
|||||
|
(9) 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
|
|||||
|
restrictions as “restricted securities” (within the meaning of the Securities Act).
|
|||||
|
(10) Acquisition date represents the initial date of purchase.
|
|||||
|
(11) Investment represents greater than 5% of net assets.
|
|||||
|
(12) Investment is co-invested with the Fund's affiliates. See "Note 5. Related Party Transactions" in OXPK's most recently filed Form N-CSRS for the six months ended March 31, 2025.
|
|||||
|
(13) Fair value includes the Fund's interest in subordinated fee notes, and represents discounted cash flows associated with fees earned from those fee notes.
|
|||||
|
(14) Cost value reflects amortized cost.
|
|||||
|
(15) Cost and fair value total represents multiple investments which were purchased within one year prior to June 30, 2025.
|
|||||
|
(16) The preference 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.
|
|||||
|
(17) As of June 30, 2025, the effective yield has been estimated to be 0%. The aggregate projected amount of future recurring distributions and terminal principal payment is less than the amortized investment cost.
|
|||||
|
(18) The CLO equity investment was optionally redeemed. Please refer to "Note 3. Summary of Significant Accounting Policies - Securities Transactions" in OXPK's most recently filed Form N-CSRS for the six months ended March 31, 2025.
|
|||||