| Schedule of the Company' Investment on the Basis of Industry Classifications |
The following is a summary of the industry classifications in which the Company invests as of June 30, 2025 and December 31, 2024:
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June 30, 2025 |
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Amortized Cost |
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Fair Value |
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% of Total Investments at Fair Value |
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Fair Value as % of Net Assets |
|
Aerospace & Defense |
$ |
6,246 |
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|
$ |
6,277 |
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|
|
0.95 |
% |
|
|
2.10 |
% |
Air Freight & Logistics |
|
14,864 |
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|
14,296 |
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|
2.17 |
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|
|
4.78 |
|
Automobile Components |
|
12,119 |
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|
12,113 |
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|
1.84 |
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|
4.05 |
|
Building Products |
|
4,556 |
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|
4,567 |
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|
|
0.69 |
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|
|
1.53 |
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Chemicals |
|
17,592 |
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|
17,708 |
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|
|
2.69 |
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|
|
5.92 |
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Commercial Services & Supplies |
|
41,133 |
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|
41,360 |
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|
6.29 |
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|
|
13.82 |
|
Communications Equipment |
|
1,995 |
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|
1,951 |
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|
|
0.30 |
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|
|
0.65 |
|
Construction & Engineering |
|
3,730 |
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|
3,761 |
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|
|
0.57 |
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|
|
1.26 |
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Containers & Packaging |
|
4,331 |
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|
4,352 |
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|
|
0.66 |
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|
|
1.45 |
|
Diversified Consumer Services |
|
32,971 |
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|
|
32,912 |
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|
|
5.00 |
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|
|
11.00 |
|
Diversified Telecommunication Services |
|
3,934 |
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|
|
3,939 |
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|
|
0.60 |
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|
|
1.32 |
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Electric Utilities |
|
7,524 |
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|
7,504 |
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|
|
1.14 |
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|
|
2.51 |
|
Electrical Equipment |
|
7,700 |
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|
|
7,780 |
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|
|
1.18 |
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|
|
2.60 |
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Electronic Equipment, Instruments & Components |
|
1,967 |
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|
1,970 |
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|
0.30 |
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|
|
0.66 |
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Entertainment |
|
4,838 |
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|
4,746 |
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|
|
0.72 |
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|
|
1.59 |
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Financial Services |
|
55,386 |
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|
55,328 |
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|
8.41 |
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|
18.49 |
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Food Products |
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8,334 |
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8,402 |
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|
1.28 |
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|
2.81 |
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Ground Transportation |
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6,941 |
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6,883 |
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1.05 |
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|
2.30 |
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Health Care Equipment & Supplies |
|
8,911 |
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|
8,927 |
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|
1.36 |
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|
|
2.98 |
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Health Care Providers & Services |
|
82,088 |
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|
80,549 |
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|
12.24 |
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|
26.92 |
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Health Care Technology |
|
30,715 |
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31,000 |
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|
4.71 |
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|
10.36 |
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Hotels, Restaurants & Leisure |
|
1,746 |
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|
1,731 |
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|
|
0.26 |
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|
|
0.58 |
|
Household Durables |
|
18,482 |
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|
18,490 |
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|
|
2.81 |
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|
|
6.18 |
|
Insurance |
|
25,953 |
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|
|
26,135 |
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|
|
3.97 |
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|
|
8.74 |
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IT Services |
|
8,901 |
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|
8,848 |
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|
|
1.35 |
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|
2.96 |
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Machinery |
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20,564 |
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19,954 |
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|
3.03 |
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|
|
6.67 |
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Media |
|
10,010 |
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|
9,937 |
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|
1.51 |
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|
|
3.32 |
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Metals & Mining |
|
2,002 |
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|
1,995 |
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|
|
0.30 |
|
|
|
0.67 |
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Oil, Gas & Consumable Fuels |
|
995 |
|
|
|
997 |
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|
|
0.15 |
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|
|
0.33 |
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Passenger Airlines |
|
1,909 |
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|
1,848 |
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|
0.28 |
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|
|
0.62 |
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Personal Care Products |
|
2,000 |
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|
2,005 |
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|
0.31 |
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|
0.67 |
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Pharmaceuticals |
|
19,937 |
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|
19,013 |
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|
2.89 |
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|
6.36 |
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Professional Services |
|
79,851 |
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|
79,774 |
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|
12.12 |
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|
26.66 |
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Real Estate Management & Development |
|
13,613 |
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|
13,773 |
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|
|
2.09 |
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|
|
4.60 |
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Software |
|
74,061 |
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|
73,397 |
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|
|
11.15 |
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|
|
24.53 |
|
Specialty Retail |
|
9,206 |
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|
9,239 |
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|
1.40 |
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|
3.09 |
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Textiles, Apparel & Luxury Goods |
|
3,217 |
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|
3,236 |
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|
0.49 |
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|
|
1.08 |
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Trading Companies & Distributors |
|
11,423 |
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|
11,438 |
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|
1.74 |
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|
3.82 |
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$ |
661,745 |
|
|
$ |
658,135 |
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|
100.00 |
% |
|
|
219.98 |
% |
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December 31, 2024 |
|
|
Amortized Cost |
|
|
Fair Value |
|
|
% of Total Investments at Fair Value |
|
|
Fair Value as % of Net Assets |
|
Aerospace & Defense |
$ |
8,288 |
|
|
$ |
8,329 |
|
|
|
1.27 |
% |
|
|
2.77 |
% |
Air Freight & Logistics |
|
15,187 |
|
|
|
15,401 |
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|
2.35 |
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|
|
5.13 |
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Automobile Components |
|
13,153 |
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|
|
13,112 |
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|
|
2.00 |
|
|
|
4.37 |
|
Building Products |
|
6,571 |
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|
|
6,646 |
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|
|
1.02 |
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|
|
2.21 |
|
Chemicals |
|
17,581 |
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|
17,568 |
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|
2.69 |
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|
5.86 |
|
Commercial Services & Supplies |
|
25,280 |
|
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|
25,283 |
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|
|
3.87 |
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|
|
8.42 |
|
Communications Equipment |
|
2,000 |
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|
1,995 |
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|
|
0.31 |
|
|
|
0.66 |
|
Construction & Engineering |
|
3,847 |
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|
|
3,791 |
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|
|
0.58 |
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|
|
1.26 |
|
Containers & Packaging |
|
11,304 |
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|
|
11,393 |
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|
|
1.74 |
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|
|
3.79 |
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Diversified Consumer Services |
|
22,514 |
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|
22,643 |
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|
3.46 |
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|
7.54 |
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Diversified Telecommunication Services |
|
8,859 |
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|
|
8,943 |
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|
|
1.37 |
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|
|
2.98 |
|
Electrical Equipment |
|
11,337 |
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|
|
11,360 |
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|
|
1.74 |
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|
|
3.78 |
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Electronic Equipment, Instruments & Components |
|
1,975 |
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|
|
1,968 |
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|
0.29 |
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|
0.66 |
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Entertainment |
|
8,856 |
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|
8,941 |
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|
1.37 |
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|
2.98 |
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Financial Services |
|
52,403 |
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|
52,495 |
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|
|
8.03 |
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|
17.48 |
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Food Products |
|
8,376 |
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|
8,492 |
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|
|
1.30 |
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|
|
2.83 |
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Ground Transportation |
|
12,014 |
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|
|
12,084 |
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|
|
1.85 |
|
|
|
4.02 |
|
Health Care Equipment & Supplies |
|
9,946 |
|
|
|
9,943 |
|
|
|
1.52 |
|
|
|
3.31 |
|
Health Care Providers & Services |
|
77,579 |
|
|
|
75,647 |
|
|
|
11.57 |
|
|
|
25.19 |
|
Health Care Technology |
|
17,730 |
|
|
|
18,082 |
|
|
|
2.77 |
|
|
|
6.02 |
|
Hotels, Restaurants & Leisure |
|
11,708 |
|
|
|
11,788 |
|
|
|
1.80 |
|
|
|
3.92 |
|
Household Durables |
|
12,390 |
|
|
|
12,531 |
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|
|
1.92 |
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|
|
4.17 |
|
Insurance |
|
29,423 |
|
|
|
29,560 |
|
|
|
4.52 |
|
|
|
9.84 |
|
IT Services |
|
8,947 |
|
|
|
9,011 |
|
|
|
1.38 |
|
|
|
3.00 |
|
Machinery |
|
37,197 |
|
|
|
37,096 |
|
|
|
5.67 |
|
|
|
12.35 |
|
Media |
|
8,061 |
|
|
|
8,147 |
|
|
|
1.25 |
|
|
|
2.71 |
|
Metals & Mining |
|
2,012 |
|
|
|
2,010 |
|
|
|
0.31 |
|
|
|
0.67 |
|
Oil, Gas & Consumable Fuels |
|
1,000 |
|
|
|
1,003 |
|
|
|
0.14 |
|
|
|
0.33 |
|
Passenger Airlines |
|
5,380 |
|
|
|
5,404 |
|
|
|
0.83 |
|
|
|
1.80 |
|
Personal Care Products |
|
2,000 |
|
|
|
2,016 |
|
|
|
0.31 |
|
|
|
0.67 |
|
Pharmaceuticals |
|
19,048 |
|
|
|
18,992 |
|
|
|
2.90 |
|
|
|
6.32 |
|
Professional Services |
|
68,395 |
|
|
|
68,543 |
|
|
|
10.48 |
|
|
|
22.82 |
|
Real Estate Management & Development |
|
13,579 |
|
|
|
13,555 |
|
|
|
2.07 |
|
|
|
4.51 |
|
Software |
|
61,199 |
|
|
|
61,338 |
|
|
|
9.38 |
|
|
|
20.42 |
|
Specialty Retail |
|
13,328 |
|
|
|
13,470 |
|
|
|
2.06 |
|
|
|
4.49 |
|
Textiles, Apparel & Luxury Goods |
|
6,795 |
|
|
|
6,833 |
|
|
|
1.05 |
|
|
|
2.28 |
|
Trading Companies & Distributors |
|
14,474 |
|
|
|
14,534 |
|
|
|
2.22 |
|
|
|
4.85 |
|
Wireless Telecommunication Services |
|
3,965 |
|
|
|
3,978 |
|
|
|
0.61 |
|
|
|
1.32 |
|
|
$ |
653,701 |
|
|
$ |
653,925 |
|
|
|
100.00 |
% |
|
|
217.73 |
% |
|