v3.25.4
Financial Highlights
 12 Months Ended
Dec. 31, 2025
Investment Company, Financial Highlights [Abstract]  
Financial Highlights Financial Highlights
The following are financial highlights for the years ended December 31, 2025, 2024, 2023, 2022 and 2021:
For the Years Ended December 31,
20252024202320222021
Per share data:
Net asset value at beginning of period$10.37 $10.24 $10.13 $10.10 $9.94 
Net investment income (1)
0.96 1.20 1.21 0.90 0.76 
Net gain (loss) (1)
(0.48)0.07 (0.02)(0.07)0.44 
Net increase (decrease) in net assets resulting from operations (1)
0.48 1.27 1.19 0.83 1.20 
Stockholder distributions - ordinary income
(1.03)(1.16)(1.11)(0.82)(0.96)
Stockholder distributions - long-term capital gains
— — — — (0.02)
Stockholder distributions - return of capital
— — — — (0.02)
Other (2)
0.05 0.02 0.03 0.02 (0.04)
Net asset value at end of period$9.87 $10.37 $10.24 $10.13 $10.10 
Total return based on average net asset value (3)
5.11 %13.08 %12.53 %8.68 %12.26 %
Ratio/Supplemental data:
Net assets at end of period$2,830,579 $2,059,727 $1,302,667 $754,916 $369,448 
Shares outstanding at end of period286,677,222198,704,495127,232,77274,533,20236,565,162
Portfolio turnover
19.25 %20.67 %9.66 %14.38 %22.52 %
Ratio of total investment income to average net assets
21.21 %24.10 %22.50 %16.08 %13.31 %
Ratio of expenses to average net assets with waivers and expense reimbursement
11.81 %12.62 %10.89 %7.34 %5.97 %
Ratio of expenses to average net assets without waivers11.81 %12.62 %10.89 %7.90 %7.57 %
Ratio of net investment income to average net assets
9.41 %11.49 %11.61 %8.18 %5.74 %
Ratio of net investment income to average net assets with waivers9.41 %11.49 %11.61 %8.74 %7.34 %
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(1)The per share data was derived by using the weighted average shares outstanding during the periods presented.
(2)Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date.
(3)Total return is calculated as the change in NAV per share during the year, divided by the beginning NAV per share and assumes reinvestment of dividends at prices obtained by the Company's dividend reinvestment plan during the year.