Yieldstreet Alternative Income Fund Inc.
Schedule of Investments
September 30, 2024 (Unaudited)
| Rate | Reference Rate & Spread(a) | Maturity Date | Par Amount/Shares | Value | ||||||||||
| UNSECURED DEBT - 1.70% | ||||||||||||||
| SUPPLY CHAIN FINANCE - 1.70%(b(g)) | ||||||||||||||
| Raistone Purchasing LLC - First Brands T14(c)(d) | N/A | N/A | 10/30/2024 | $ | 2,089,740 | $ | 2,218,365 | |||||||
| Total Supply Chain Finance | 2,218,365 | |||||||||||||
| Total Unsecured Debt (Cost $2,089,740) | 2,218,365 | |||||||||||||
| COMMERCIAL MORTGAGE BACKED SECURITIES - 8.92% | ||||||||||||||
| A10 Capital, LLC, Series 2023-GTWY(c)(d) | 13.66% | 1M SOFR + 8.50% | 04/15/2040 | 3,000,000 | 2,999,940 | |||||||||
| A10 Capital, LLC, Series 2023-GTWY(c)(d) | 12.41% | 1M SOFR + 7.25% | 04/15/2040 | 2,000,000 | 2,000,060 | |||||||||
| MSC A Mtge, Series 2021-ILP(c) | 6.05% | 1M SOFR + 0.89% | 11/15/2036 | 2,461,859 | 2,443,442 | |||||||||
| MSC C Mtge, Series 2021-ILP(c) | 6.65% | 1M SOFR + 1.49% | 11/09/2024 | 1,993,408 | 1,972,991 | |||||||||
| TTN B Mtge, Series 2021-MHC(c) | 6.37% | 1M SOFR + 1.21% | 03/15/2026 | 2,267,663 | 2,261,085 | |||||||||
| Total Commercial Mortgage-Backed Securities (Cost $11,594,922) | 11,677,518 | |||||||||||||
| COLLATERALIZED LOAN OBLIGATIONS - 15.03% | ||||||||||||||
| OTHER ABS - 15.03% | ||||||||||||||
| Ares XLI Clo, Ltd., Series 2021-41A(c) | 11.60% | TSFR3M + 7.01% | 04/15/2034 | 825,000 | 822,396 | |||||||||
| CIFC Funding 2019-III, Ltd., Series 2021-3A(c) | 7.90% | TSFR3M + 3.31% | 10/16/2034 | 2,230,000 | 2,233,608 | |||||||||
| CIFC Funding 2021-V, Ltd., Series 2021-5A(c) | 11.35% | TSFR3M + 6.76% | 07/15/2034 | 2,416,560 | 2,425,973 | |||||||||
| Dryden 65 CLO, Ltd., Series 2018-65A(c) | 7.95% | TSFR3M + 3.36% | 07/18/2030 | 1,500,000 | 1,494,521 | |||||||||
| Galaxy XXII CLO, Ltd., Series 2021-22A(c) | 11.35% | TSFR3M + 6.76% | 04/16/2034 | 1,144,562 | 1,144,562 | |||||||||
| Galaxy XXII CLO, Ltd., Series 2024-22A(c) | 11.34% | TSFR3M + 6.75 | 04/16/2034 | 3,000,000 | 3,000,000 | |||||||||
| GoldenTree Loan Management US CLO 3, Ltd., Series 2018-3A(c) | 7.70% | TSFR3M + 3.11% | 04/20/2030 | 1,000,000 | 1,002,782 | |||||||||
| KKR CLO 28, Ltd., Series 2024-28A(c) | 11.99% | TSFR3M + 7.40% | 02/09/2035 | 1,000,000 | 1,006,506 | |||||||||
| Madison Park Funding LII, Ltd., Series 2021-52A(c) | 8.00% | TSFR3M + 3.41% | 01/22/2035 | 450,000 | 451,949 | |||||||||
| Palmer Square CLO 2021-2, Ltd., Series 2021-2A(c) | 7.75% | TSFR3M + 3.16% | 07/15/2034 | 1,340,000 | 1,344,919 | |||||||||
| Venture 43 CLO, Ltd., Series 2021-43A(c) | 12.00% | TSFR3M + 7.41% | 04/15/2034 | 3,000,000 | 2,733,402 | |||||||||
| Venture XXVIII CLO, Ltd., Series 2017-28A(c) | 8.85% | TSFR3M + 4.26% | 07/20/2030 | 2,000,000 | 2,006,896 | |||||||||
| Total Other ABS | 19,667,514 | |||||||||||||
| Total Collateralized Loan Obligations (Cost $19,669,114) | 19,667,514 | |||||||||||||
| FIRST-LIEN SENIOR SECURED TERM LOANS - 37.68% | ||||||||||||||
| ART - 2.19% | ||||||||||||||
| Colette Capital LLC(c)(d) | 12.50% | N/A + –% | 07/17/2026 | 2,800,000 | 2,865,219 | |||||||||
| Total Art | 2,865,219 | |||||||||||||
| Rate | Reference Rate & Spread(a) | Maturity Date | Par Amount/Shares | Value | ||||||||||
| COMMERCIAL REAL ESTATE – 11.36%(c) | ||||||||||||||
| Bridge - 4.46%(e) | ||||||||||||||
| Harrison Yards Project(d) | 21.56% | 1M SOFR + 16.40% Cash, 2.68% PIK (0.25% Floor) + –% | 06/30/2024 | $ | 4,000,000 | $ | 5,846,596 | |||||||
| Land – 3.82% | ||||||||||||||
| Edgewater(d) | N/A | N/A | 07/01/2025 | 5,000,000 | 5,000,000 | |||||||||
| Hotel - 1.55%(e) | ||||||||||||||
| BIH Owner, LLC(d)(e) | 10.50% | 7.00% Cash + 3.50% PIK | 07/31/2024 | 1,464,401 | 2,026,770 | |||||||||
| Retail - 1.53% | ||||||||||||||
| Avatar (SIC Leed Civic Plaza) TL(d) | 9.25% | 9.25% | 02/01/2025 | 2,000,000 | 1,999,269 | |||||||||
| Total Commercial Real Estate | 14,872,635 | |||||||||||||
| RESIDENTIAL REAL ESTATE – 18.90% | ||||||||||||||
| Multi-family – 18.90% | ||||||||||||||
| Invictus Real Estate Partners(c)(d) | 18.19% | 1M SOFR (0.10% Floor) + 13.13% | 12/31/2024 | 6,919,254 | 6,902,353 | |||||||||
| Keystone - Villa Fifty2(c)(d) | 7.74% | 7.74% | 12/01/2024 | 6,000,000 | 5,992,651 | |||||||||
| Merrick Parc(c)(d) | 6.00% | 1M SOFR + 0.67% , (6.00% Floor) | 05/30/2025 | 2,264,398 | 2,256,632 | |||||||||
| Quadrant Finance Partners(c)(d) | 13.00% | 13.00% | 08/31/2028 | 3,600,000 | 3,797,780 | |||||||||
| Urban Standard Capital, LLC(c)(d) | 13.25% | PRIME + 5.25% | 02/01/2024 | 5,285,396 | 5,779,684 | |||||||||
| Total Residential Real Estate | 24,729,100 | |||||||||||||
| TRADE FINANCE - 5.24% | ||||||||||||||
| Sucres et Desnrees(c)(d)(f) | 12.31% | 3M SOFR +7.00% | 04/30/2026 | 3,381,310 | 3,393,845 | |||||||||
| UsinaCoruripe Acucar e Alcool(c)(d) | 12.70% | 3M SOFR + 7.39% | 09/30/2025 | 3,460,370 | 3,460,405 | |||||||||
| Total Trade Finance | 6,854,250 | |||||||||||||
| Total First-Lien Senior Secured Term Loans (Cost $47,187,595) | 49,321,204 | |||||||||||||
| EQUITY - 14.54% | ||||||||||||||
| Consumer Loans - 14.54% | ||||||||||||||
| EH YS Purchaser I LLC(c)(d)(g)(h) | N/A | N/A | N/A | 2,449,557 | $ | 2,451,753 | ||||||||
| Lending Point(c)(d)(g)(h) | N/A | N/A | N/A | 4,774,833 | 5,032,800 | |||||||||
| Octane Lending Inc.(c)(d) | N/A | N/A | N/A | 5,647,685 | 5,600,005 | |||||||||
| Octane Lending Inc.(c)(d) | N/A | N/A | N/A | 5,823,036 | 5,940,905 | |||||||||
| Total Consumer Loans | 19,025,463 | |||||||||||||
| Total Equity (Cost $18,799,065) | 19,025,463 | |||||||||||||
| INVESTMENTS IN INVESTEE FUNDS - 9.15% | ||||||||||||||
| Asset Management - 2.77% | ||||||||||||||
| Blue Owl Credit Income Corp.(c)(d)(g) | N/A | N/A | N/A | 378,855 | 3,629,427 | |||||||||
| Total Asset Management | 3,629,427 | |||||||||||||
| Legal - 6.38% | ||||||||||||||
| 9RPJ1 Partners, LP(c)(d)(f)(g)(h) | N/A | N/A | N/A | 5,489,776 | 4,967,982 | |||||||||
| BWA20C(c)(d)(g)(h) | N/A | N/A | N/A | 3,300,000 | 3,373,567 | |||||||||
| Total Legal | 8,341,549 | |||||||||||||
| Total Investments in Investee Funds (Cost $9,572,336) | 11,970,976 | |||||||||||||
| PREFERRED EQUITY - 13.60% | ||||||||||||||
| Aviation - 10.04% | ||||||||||||||
| YS AVN-AVT V LLC(c)(d)(h)(i) | N/A | N/A | N/A | 11,542,862 | 13,144,232 | |||||||||
| Total Aviation | 13,144,232 | |||||||||||||
| Residential Real Estate - 3.56% | ||||||||||||||
| Multi-family - 3.56% | ||||||||||||||
| YS PP REQ I Hines Park, LLC(c)(d)(h)(j) | N/A | N/A | N/A | 2,000,000 | 2,429,009 | |||||||||
| Rate | Reference Rate & Spread(a) | Maturity Date | Par Amount/Shares | Value | ||||||||||||
| YS PP REQ II Southgate Apartments, LLC(c)(d)(h)(k) | N/A | N/A | N/A | $ | 2,000,000 | $ | 2,225,326 | |||||||||
| Total Residential Real Estate | 4,654,335 | |||||||||||||||
| Total Preferred Equity (Cost $15,542,862) | 17,798,567 | |||||||||||||||
7-Day Yield | Shares | |||||||||||
| MONEY MARKET MUTUAL FUNDS - 11.29%(l)(m) | ||||||||||||
| SEI Government Fund, Class F (SEOXX) | 4.79 | % | 14,780,283 | $ | 14,780,283 | |||||||
| Total Money Market Mutual Funds (Cost $14,780,283) | 14,780,283 | |||||||||||
| Total Investments - 111.91% (Cost $139,235,917) | $ | 146,459,890 | ||||||||||
| Liabilities in Excess of Other Assets - (11.91)% | (15,591,174 | ) | ||||||||||
| Net Assets - 100.00% | $ | 130,868,716 | ||||||||||
Investment Abbreviations:
SOFR - Secured Overnight Financing Rate
Reference Rates:
3M SOFR - 3 Month US SOFR as of September 30, 2024 was 5.31%
1M SOFR - 1 Month US SOFR as of September 30, 2024 was 5.16%
TSFR3M - 3 Month CME TERM SOFR as of September 30, 2024 was 4.59%
PRIME - US Prime Rate as of September 30, 2024 was 8.00%
| (a) | Floating or variable rate investment. The rate in effect as of September 30, 2024 is based on the reference rate, as described above, plus the displayed spread as of the securities' last reset date. The interest rate shown is the rate in effect as of period-end and changes periodically. |
| (b) | This investment is purchased at a discount and accretes to par at the date the investments matures, Raistone Purchasing, LLC - First Brands T14, TL the per annum rate was 15.31%. |
| (c) | Restricted Security; these securities may only be sold in transactions exempt from registration under the Securities Act of 1933. |
| (d) | As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 assets (See Note 3). |
| (e) | Paid in kind security which may pay interest in additional par. |
| (f) | These investments have an unfunded commitment amount of $2,000,170 as of September 30, 2024. |
| (g) | Non-income producing security. |
| (h) | Affiliated Company. |
| (i) | Investment held through tax consolidated subsidiary YS-HP-S JV Corp. |
| (j) | Investment held through tax consolidated subsidiary YS PP REQ I, LLC |
| (k) | Investment held through tax consolidated subsidiary YS PP REQ II P, LLC |
| (l) | To obtain a copy of the Fund's shareholder report, please go to the Securities and Exchange Commission's website. |
| (m) | Money market fund; interest rate reflects seven-day effective yield on September 30, 2024. |
Below is a summary of the fund transactions with its affiliates during the period ended September 30, 2023:
Affiliated Investments
| Name of Issuer | Fair Value at December 31, 2023 | Purchases | Sales | Return of capital | Paydown | Net Change in Unrealized Gains (Losses) | Fair Value at September 30, 2024 | Net Realized Gains (Losses) | Dividend Income | |||||||||||||||||||||||||||
| YS PP REQ I Hines Park, LLC | $ | 2,391,818 | $ | – | $ | – | $ | – | $ | – | $ | 37,191 | $ | 2,429,009 | $ | – | $ | – | ||||||||||||||||||
| YS PP REQ II P Southgate Apartments, LLC | 2,273,789 | – | – | – | – | (48,463 | ) | 2,225,326 | – | – | ||||||||||||||||||||||||||
| YS AVN-AVT V LLC | 12,451,596 | – | – | – | – | 692,636 | 13,144,232 | – | 518,657 | |||||||||||||||||||||||||||
| EH YS Purchaser I LLC | 3,767,771 | – | (205,841 | ) | – | (1,126,242 | ) | 16,065 | 2,451,753 | – | 203,916 | |||||||||||||||||||||||||
| 9RPJ1 Partners, LP | 4,677,315 | 225,924 | – | (821,933 | ) | – | 886,676 | 4,967,982 | – | – | ||||||||||||||||||||||||||
| BWA20C | 2,871,337 | – | – | (122,480 | ) | – | 624,710 | 3,373,567 | – | – | ||||||||||||||||||||||||||
| Lending Point | 5,022,008 | 618,312 | (622,680 | ) | – | – | 15,160 | 5,032,800 | (49,777 | ) | 6,455 | |||||||||||||||||||||||||
| $ | 33,455,634 | $ | 844,236 | $ | (828,521 | ) | $ | (944,413 | ) | (1,126,242 | ) | $ | 2,223,975 | $ | 33,624,669 | $ | (49,777 | ) | $ | 729,028 | ||||||||||||||||
YieldStreet Prism Fund Inc.
Notes to Quarterly Schedule of Investments
September 30, 2024 (Unaudited)
1. Restricted Securities: As of September 30, 2024, investments in securities included issuers that are considered restricted. Restricted securities are often purchased in private placement transactions, are not registered under the Securities Act of 1933, may have contractual restrictions on resale, and may be valued under methods approved by the Board of Directors as reflecting fair value.
Restricted securities as of September 30, 2024, were as follows:
| Name of Issuer | % of Net Assets | Acquisition Date | Shares/Par | Cost | Fair Value | |||||||||
| 9RPJ1 Partners, LP | 3.80% | 1/8/2021 | 5,489,776 | $ | 3,652,240 | $ | 4,967,982 | |||||||
| A10 Capital, LLC , Series 2023-GTWY | 1.53% | 2/1/2023 | 2,000,000 | 2,000,000 | 2,000,060 | |||||||||
| A10 Capital, LLC , Series 2023-GTWY | 2.29% | 2/1/2023 | 3,000,000 | 3,000,000 | 2,999,940 | |||||||||
| Ares XLI Clo, Ltd. , Series 2021-41A | 0.63% | 5/8/2024 | 825,000 | 827,665 | 822,396 | |||||||||
| Avatar (SIC Leed Civic Plaza) TL | 1.53% | 1/9/2023 | 2,000,000 | 2,000,000 | 1,999,269 | |||||||||
| BIH Owner, LLC | 1.55% | 7/22/2021 | 1,464,401 | 1,464,401 | 2,026,770 | |||||||||
| Blue Owl Credit Income Corp. | 2.77% | 1/18/2024 | 378,855 | 3,440,000 | 3,629,427 | |||||||||
| BWA20C | 2.58% | 10/5/2023 | 3,300,000 | 2,480,096 | 3,373,567 | |||||||||
| CIFC Funding 2019-III, Ltd. , Series 2021-3A | 1.71% | 8/26/2024 | 2,230,000 | 2,248,820 | 2,233,608 | |||||||||
| CIFC Funding 2021-V, Ltd. , Series 2021-5A | 1.85% | 5/15/2024 | 2,416,560 | 2,431,330 | 2,425,973 | |||||||||
| Colette Capital LLC | 2.19% | 7/21/2023 | 2,800,000 | 2,800,000 | 2,865,219 | |||||||||
| Dryden 65 CLO, Ltd. , Series 2018-65A | 1.14% | 5/15/2024 | 1,500,000 | 1,496,425 | 1,494,521 | |||||||||
| Edgewater | 3.82% | 5/2/2024 | 5,000,000 | 5,000,000 | 5,000,000 | |||||||||
| EH YS Purchaser I LLC | 1.87% | 12/8/2022 | 2,449,557 | 2,449,557 | 2,451,753 | |||||||||
| Galaxy XXII CLO, Ltd. , Series 2024-22A | 2.29% | 9/17/2024 | 3,000,000 | 3,000,000 | 3,000,000 | |||||||||
| Galaxy XXII CLO, Ltd. , Series 2021-22A | 0.87% | 3/27/2024 | 1,144,562 | 1,145,007 | 1,144,562 | |||||||||
| GoldenTree Loan Management US CLO 3, Ltd. , Series 2018-3A | 0.77% | 3/13/2024 | 1,000,000 | 1,001,115 | 1,002,782 | |||||||||
| Harrison Yards Project | 4.46% | 8/22/2023 | 4,000,000 | 4,140,063 | 5,846,596 | |||||||||
| Invictus Real Estate Partners | 5.27% | 3/29/2022 | 6,919,254 | 7,670,291 | 6,902,353 | |||||||||
| Keystone - Villa Fifty2 | 4.58% | 6/28/2023 | 6,000,000 | 6,000,000 | 5,992,651 | |||||||||
| KKR CLO 28, Ltd. , Series 2024-28A | 0.77% | 5/15/2024 | 1,000,000 | 1,013,678 | 1,006,506 | |||||||||
| Lending Point | 3.85% | 9/22/2023 | 4,774,833 | 4,877,526 | 5,032,800 | |||||||||
| Madison Park Funding LII, Ltd. , Series 2021-52A | 0.35% | 3/22/2024 | 450,000 | 445,632 | 451,949 | |||||||||
| Merrick Parc | 1.72% | 1/31/2024 | 2,264,398 | 2,264,398 | 2,256,632 | |||||||||
| MSC A Mtge , Series 2021-ILP | 1.87% | 9/27/2023 | 2,461,859 | 2,412,179 | 2,443,442 | |||||||||
| MSC C Mtge , Series 2021-ILP | 1.51% | 5/2/2023 | 1,993,408 | 1,987,015 | 1,972,991 | |||||||||
| Octane Lending Inc. | 4.28% | 12/22/2023 | 5,647,685 | 5,648,946 | 5,600,005 | |||||||||
| Octane Lending Inc. | 4.54% | 4/17/2024 | 5,823,036 | 5,823,036 | 5,940,905 | |||||||||
| Palmer Square CLO 2021-2, Ltd. , Series 2021-2A | 1.03% | 9/6/2024 | 1,340,000 | 1,344,672 | 1,344,919 | |||||||||
| Quadrant Finance Partners | 2.90% | 9/29/2023 | 3,600,000 | 3,600,000 | 3,797,780 | |||||||||
| Raistone Purchasing LLC - First Brands T14 | 1.70% | 5/2/2024 | 2,089,740 | 2,089,740 | 2,218,365 | |||||||||
| Sucres et Desnrees | 2.59% | 7/3/2024 | 3,381,310 | 3,390,346 | 3,393,845 | |||||||||
| TTN B Mtge , Series 2021-MHC | 1.73% | 3/30/2023 | 2,267,663 | 2,195,728 | 2,261,085 | |||||||||
| Urban Standard Capital, LLC | 4.41% | 3/11/2022 | 5,285,396 | 5,397,726 | 5,779,684 | |||||||||
| UsinaCoruripe Acucar e Alcool | 2.63% | 3/28/2024 | 3,460,370 | 3,460,370 | 3,460,405 | |||||||||
| Venture 43 CLO, Ltd. , Series 2021-43A | 2.09% | 4/11/2024 | 3,000,000 | 2,767,308 | 2,733,402 | |||||||||
| Venture XXVIII CLO, Ltd. , Series 2017-28A | 1.53% | 3/22/2024 | 2,000,000 | 1,947,462 | 2,006,896 | |||||||||
| YS AVN-AVT V LLC | 10.03% | 10/27/2022 | 11,542,862 | 11,542,862 | 13,144,232 | |||||||||
| YS PP REQ I Hines Park, LLC | 1.86% | 1/7/2021 | 2,000,000 | 2,000,000 | 2,429,009 | |||||||||
| YS PP REQ II Southgate Apartments, LLC | 1.70% | 2/2/2021 | 2,000,000 | 2,000,000 | 2,225,326 | |||||||||
| Total | 100.62% | $ | 124,455,634 | $ | 131,679,607 | |||||||||
2. Unfunded Commitments – The Fund may enter into certain credit agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers’ discretion. Unfunded loan commitments and funded portions of credit agreements are marked-to-market. At September 30, 2024, the Fund had unfunded commitments shown below:
| Investment | Unfunded Commitments as of September 30, 2024 | |||
| 9RPJ1 Partners, LP | $ | 1,682,357 | ||
| Sucres et Desnrees | 317,813 | |||
| New Mountain Capital | 5,000,000 | |||
