The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of June 30, 2025. |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $16,069,224 | $117,956,882 | $(117,284,759) | $ — | $ — | $16,741,347 | $584,664 | 16,741,347 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $681,520,979* | $ — | $ — | $681,520,979 |
Short-Term Investments | 16,741,347 | — | — | 16,741,347 |
Total Investments | $698,262,326 | $ — | $ — | $698,262,326 |
* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |