Schedule of unrealized appreciation or depreciation on forward currency contracts

The value associated with unrealized gain or loss on open contracts is included in unrealized appreciation or depreciation on forward currency contracts within the consolidated statements of assets and liabilities. Open contracts as of December 31, 2025 were as follows:


Counterparty	Currency to be sold			Currency to be purchased			Settlement date	Unrealized appreciation		Unrealized depreciation
Morgan Stanley	C$	20,333	CAD	$	14,515	USD	2/6/26	$	—	$	(325)
Morgan Stanley	€	4,989	EUR		5,874	USD	2/6/26		2		—
Total								$	2	$	(325)

The value associated with unrealized gain or loss on open contracts is included in unrealized appreciation or depreciation on forward currency contracts within the consolidated statements of assets and liabilities. Open contracts as of December 31, 2024 were as follows:


Counterparty	Currency to be sold			Currency to be purchased			Settlement date	Unrealized appreciation		Unrealized depreciation
Morgan Stanley	C$	796	CAD	$	574	USD	2/4/2025	$	20	$	—
Total								$	20	$	—

Schedule of master netting agreement


		As of December 31, 2025
Counterparty ($ in thousands)		Derivative Assets Subject to Master Netting Agreement			Derivative Liabilities Subject to Master Netting Agreement			Derivatives Available for Offset			Non-cash Collateral Received			Non-cash Collateral Pledged⁽¹⁾			Cash Collateral Received⁽¹⁾			Cash Collateral Pledged⁽¹⁾			Net Amount of Derivative Assets⁽²⁾			Net Amount of Derivative Liabilities⁽³⁾
Morgan Stanley (CAD)		$	—		$	325		$	—		$	—		$	—		$	—		$	—		$	—		$	325
Morgan Stanley (EUR)			2			—			—			—			—			—			—			2			—
Total		$	2		$	325		$	—		$	—		$	—		$	—		$	—		$	2		$	325

(1)	In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization.

(2)	Net amount of derivative assets represents the net amount due from the counterparty to the Company in the event of default.

(3)	Net amount of derivative liabilities represents the net amount due from the Company to the counterparty in the event of default.


		As of December 31, 2024
Counterparty ($ in thousands)		Derivative Assets Subject to Master Netting Agreement			Derivative Liabilities Subject to Master Netting Agreement			Derivatives Available for Offset			Non-cash Collateral Received			Non-cash Collateral Pledged⁽¹⁾			Cash Collateral Received⁽¹⁾			Cash Collateral Pledged⁽¹⁾			Net Amount of Derivative Assets⁽²⁾			Net Amount of Derivative Liabilities⁽³⁾
Morgan Stanley (CAD)		$	20		$	—		$	—		$	—		$	—		$	—		$	—		$	20		$	—
Total		$	20		$	—		$	—		$	—		$	—		$	—		$	—		$	20		$	—

(1)	In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization.

(2)	Net amount of derivative assets represents the net amount due from the counterparty to the Company in the event of default.

(3)	Net amount of derivative liabilities represents the net amount due from the Company to the counterparty in the event of default.