v3.25.2
Financial Highlights and Senior Securities (Tables)
 6 Months Ended
Jun. 30, 2025
Investment Company [Abstract]  
Schedule of Financial Highlights
The following are the financial highlights for the six months ended June 30, 2025 and 2024:
Six Months Ended June 30,
 20252024
Per Share Data (1):
Net asset value, beginning of period$27.39 $26.66 
Net investment income
1.60 1.76 
Net change in unrealized and realized gain (loss)
(0.26)0.21 
Net increase (decrease) in net assets resulting from operations1.34 1.97 
Distributions from net investment income (2)
(1.54)(1.54)
Net increase (decrease) in net assets from capital share transactions0.14 0.10 
Total increase (decrease) in net assets(0.06)0.53 
Net asset value, end of period$27.33 $27.19 
Market value, end of period
$30.75 $30.62 
Shares outstanding, end of period230,055,444 198,381,800 
Total return based on NAV (3)
5.1 %7.3 %
Total return based on market value (4)
0.2 %16.8 %
Ratios:
Ratio of net expenses to average net assets (5)
10.6 %11.1 %
Ratio of net investment income to average net assets (5)
11.7 %12.9 %
Portfolio turnover rate8.9 %2.6 %
Supplemental Data:
Net assets, end of period$6,288,296$5,394,573
Asset coverage ratio188.5 %188.3 %
(1)The per share data was derived by using the weighted average shares outstanding during the period.
(2)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).
(3)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the DRIP) divided by the beginning NAV per share. Total return does not include sales load.
(4)Total return based on market value is calculated as the change in market value per share during the respective periods, taking into account distributions, if any, reinvested in accordance with the DRIP.
(5)Amounts are annualized except for amounts relating to excise tax expense. For the six months ended June 30, 2025 and 2024, the ratio of total operating expenses to average net assets was 10.6% and 11.1%.