The financial highlights for the six months ended June 30, 2025 and 2024 are as follows:


	Six Months Ended June 30, 2025
	Class I			Class S			Class D
Per Share Data
Net asset value, beginning of period	$	25.75		$	25.75		$	25.75
Net investment income (loss) A		1.28			1.17			1.25
Net realized and change in unrealized gain (loss) A		(0.31	)		(0.33	)		(0.32	)
Net increase (decrease) in net assets resulting from operations		0.97			0.84			0.93
Distributions		(1.31	)		(1.20	)		(1.27	)
Net asset value, end of period	$	25.41		$	25.39		$	25.41
Total return B		3.82	%		3.30	%		3.69	%
Ratios:
Net investment income (loss) to average net assets D		10.71	%		9.85	%		10.46	%
Expenses to average net assets, gross C,D		8.89	%		9.74	%		9.14	%
Expenses to average net assets, net of waivers C,D,E		8.62	%		9.47	%		8.87	%
Portfolio turnover rate F		13.98	%		13.98	%		13.98	%
Supplemental Data:
Ratio of expenses to average net assets, net of waivers, excluding income and excise tax expense and interest expense C,D,E		2.60	%		3.46	%		2.85	%
Ratio of expenses to average net assets, net of waivers, excluding management fees, incentive fees, income and excise tax expense and interest expense C,D,E		0.72	%		1.58	%		0.98	%


	Six Months Ended June 30, 2024
	Class I			Class S			Class D
Per Share Data
Net asset value, beginning of period	$	25.81		$	25.81		$	25.81
Net investment income (loss) A		1.35			1.25			1.32
Net realized and change in unrealized gain (loss) A		—			(0.01	)		(0.01	)
Net increase (decrease) in net assets resulting from operations		1.35			1.24			1.31
Distributions		(1.31	)		(1.20	)		(1.27	)
Net asset value, end of period	$	25.85		$	25.85		$	25.85
Total return B		5.32	%		4.88	%		5.19	%
Ratios:
Net investment income (loss) to average net assets D		11.27	%		10.42	%		11.02	%
Expenses to average net assets, gross C,D		6.84	%		7.69	%		7.09	%
Expenses to average net assets, net of waivers C,D,E		6.67	%		7.52	%		6.92	%
Portfolio turnover rate F		15.15	%		15.15	%		15.15	%
Supplemental Data:
Ratio of expenses to average net assets, net of waivers, excluding interest expense C,D,E		2.72	%		3.57	%		2.97	%
Ratio of expenses to average net assets, net of waivers, excluding management and incentive fees and interest expense C,D,E		0.72	%		1.57	%		0.97	%

A. Calculated based on weighted average shares outstanding during the period.

B. Total returns of less than 1 year are not annualized.

C. Expense ratios reflect operating expenses of the Fund. Fees and expenses of any underlying mutual funds or exchange-traded funds (“ETFs”) are not included in the Fund’s expense ratio. The Fund indirectly bears its proportionate share of these expenses.

D. Amounts are annualized except for incentive fees, escrow fees, registration fees, rating service fees and organization expenses, as applicable.

E. Waivers include expense support, management fees waived and income based incentive fees waived, as applicable.

F. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities year to date divided by the average fair value of the portfolio securities, excluding short-term securities. Amount does not include the portfolio activity of any underlying mutual funds or ETFs, derivatives or securities that mature within one year from acquisition.