v3.26.1
Consolidated Schedule of Investments (Unaudited) - USD ($)
Mar. 31, 2026
Sep. 30, 2025
Investment, Identifier [Axis]: Adamas Trust, Inc    
Par Amount/ Shares/Units [1],[2],[3] $ 157,964  
Amortized Cost [2],[3],[4] 3,906,699  
Fair Value [2],[3],[5] $ 3,846,902  
% of Net Assets [2],[3],[6] 2.51%  
Investment, Identifier [Axis]: Advocates for Disabled Vets, LLC (dba Reps for Vets)    
Par Amount/ Shares/Units [1],[7] $ 12,270,231 $ 12,307,500 [8],[9]
Amortized Cost [7] 12,123,097 [4] 12,145,471 [9],[10]
Fair Value [5],[7] $ 11,448,937 $ 12,158,024 [9],[11]
% of Net Assets [7] 7.44% [6] 7.56% [9],[12]
Investment, Identifier [Axis]: Affiliated Investments    
Par Amount/ Shares/Units $ 32,288,018 [1],[2],[7] $ 29,880,927 [8],[9]
Amortized Cost 37,828,011 [2],[4],[7] 35,390,223 [9],[10]
Fair Value $ 36,776,004 [2],[5],[7] $ 35,381,405 [9],[11]
% of Net Assets 23.91% [2],[6],[7] 22.01% [12]
Investment, Identifier [Axis]: Affiliated Investments - Advocates for Disabled Vets, LLC (dba Reps for Vets) - Services: Consumer - Equity    
Par Amount/ Shares/Units $ 3,375,000 [2],[7],[13] $ 3,375,000 [9],[14],[15]
Amortized Cost 3,375,000 [1],[2],[7],[13] 3,375,000 [9],[14],[15]
Fair Value $ 2,798,324 [2],[4],[7],[13] $ 3,359,511 [9],[14],[15]
% of Net Assets 1.82% [2],[5],[7],[13] 2.09% [9],[14],[15]
Investment, Identifier [Axis]: Affiliated Investments - Advocates for Disabled Vets, LLC (dba Reps for Vets) - Services: Consumer - Senior Secured First Lien Term Loan    
Maturity [7] Mar. 07, 2030 [2],[13],[14] Mar. 07, 2030 [9]
Par Amount/ Shares/Units [7] $ 8,895,231 [2],[13],[14] $ 8,932,500 [9]
Amortized Cost [7] 8,748,097 [2],[13],[14] 8,770,471 [9]
Fair Value [1],[7] $ 8,650,613 [2],[13],[14] $ 8,798,513 [8],[9]
% of Net Assets [7] 5.62% [2],[4],[13],[14] 5.47% [9],[10]
Investment, Identifier [Axis]: Affiliated Investments - FST Holdings Parent, LLC - High Tech Industries - Equity - Class A Units    
Par Amount/ Shares/Units [7] $ 625,548 [2],[16] $ 625,548 [9],[17]
Amortized Cost [7] 10,008,289 [2],[16] 10,008,289 [9],[17]
Fair Value [1],[7] $ 12,185,404 [2],[16] $ 10,960,741 [8],[9],[17]
% of Net Assets [7] 7.93% [2],[4],[16] 6.82% [9],[10],[17]
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Equity - Class E Preferred Units    
Par Amount/ Shares/Units $ 4,525,766 [2],[7],[13] $ 4,106,076 [8],[9],[14],[15],[18]
Amortized Cost 3,594,303 [1],[2],[7],[13] 3,167,157 [9],[10],[14],[15],[18]
Fair Value $ 2,692,831 [2],[4],[7],[13] $ 2,725,408 [9],[11],[14],[15],[18]
% of Net Assets 1.75% [2],[5],[7],[13] 1.70% [9],[12],[14],[15],[18]
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Senior Secured 6th Amendment Term loan    
Maturity [2],[7],[19],[20] Oct. 01, 2028  
Par Amount/ Shares/Units [2],[7],[19],[20] $ 591,549  
Amortized Cost [2],[7],[19],[20] 573,803  
Fair Value [2],[7],[19],[20] $ 550,880  
% of Net Assets [2],[7],[19],[20] 0.36%  
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Senior Secured Delayed Draw Term Loan    
Maturity Oct. 01, 2028 [2],[7],[19],[20],[21],[22] Oct. 01, 2028 [9],[18],[23],[24],[25]
Par Amount/ Shares/Units $ 1,943,662 [2],[7],[19],[20],[21],[22] $ 505,470 [8],[18],[23],[24],[25]
Amortized Cost 1,877,425 [1],[2],[7],[19],[20],[21],[22] 468,621 [9],[10],[18],[23],[24],[25]
Fair Value $ 1,786,126 [2],[4],[7],[19],[20],[21],[22] $ 490,306 [9],[11],[18],[23],[24],[25]
% of Net Assets 1.16% [2],[5],[7],[19],[20],[21],[22] 0.30% [12],[18],[23],[24],[25]
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Senior Secured First Lien Revolver    
Maturity Oct. 01, 2028 [2],[7],[19],[20],[21],[22],[26] Sep. 30, 2028 [9],[18],[24],[25],[27]
Par Amount/ Shares/Units $ 2,193,797 [2],[7],[19],[20],[21],[22],[26] $ 2,112,671 [8],[18],[23],[24],[25],[27]
Amortized Cost 2,170,442 [1],[2],[7],[19],[20],[21],[22],[26] 2,077,048 [9],[10],[18],[23],[24],[25],[27]
Fair Value $ 1,988,129 [2],[4],[7],[19],[20],[21],[22],[26] $ 1,975,347 [9],[11],[18],[23],[24],[25],[27]
% of Net Assets 1.29% [2],[5],[7],[19],[20],[21],[22],[26] 1.23% [12],[18],[23],[24],[25],[27]
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Senior Secured First Lien Term Loan    
Maturity [7] Oct. 01, 2028 [2],[19],[20],[22] Sep. 30, 2028 [9],[18],[23],[24]
Par Amount/ Shares/Units [7] $ 6,757,183 [2],[19],[20],[22] $ 6,843,380 [9],[18],[23],[24]
Amortized Cost [7] 6,653,243 [2],[19],[20],[22] 6,696,228 [9],[18],[23],[24]
Fair Value [1],[7] $ 6,123,697 [2],[19],[20],[22] $ 6,398,561 [8],[9],[18],[23],[24]
% of Net Assets [7] 3.98% [2],[4],[19],[20],[22] 3.98% [9],[10],[18],[23],[24]
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Warrants - Outstanding Equity    
Par Amount/ Shares/Units [1],[2],[7] $ 3,380,282  
Amortized Cost [2],[4],[7] 827,409  
Fair Value [2],[5],[7]  
% of Net Assets [2],[6],[7] 0.00%  
Investment, Identifier [Axis]: Affiliated Investments - MB Precision Investment Holdings LLC - Aerospace & Defense - Warrants of Outstanding Equity    
Par Amount/ Shares/Units [8],[9],[14],[15]   $ 3,380,282
Amortized Cost [9],[10],[14],[15]   827,409
Fair Value [9],[11],[14],[15]   $ 673,018
% of Net Assets [9],[12],[14],[15]   0.42%
Investment, Identifier [Axis]: Altisource S.A.R.L.    
Par Amount/ Shares/Units $ 8,782,847 [1],[2],[3] $ 8,810,584 [8],[9],[28]
Amortized Cost 13,366,318 [2],[3],[4] 13,057,133 [9],[10],[28]
Fair Value $ 11,763,416 [2],[3],[5] $ 14,844,781 [9],[11],[28]
% of Net Assets 7.65% [2],[3],[6] 9.24% [9],[12],[28]
Investment, Identifier [Axis]: Boostability Seotowncenter, Inc.    
Maturity [8],[9],[28]  
Par Amount/ Shares/Units [9],[10],[28]   $ 833,152
Amortized Cost [9],[11],[28]   66,475
Fair Value [9],[12],[28]  
% of Net Assets   0.00%
Investment, Identifier [Axis]: CB&L Associates Holdco I, LLC    
Par Amount/ Shares/Units [8],[9],[28]   $ 2,879,525
Amortized Cost [9],[10],[28]   2,419,049
Fair Value [9],[11],[28]   $ 2,753,546
% of Net Assets [9],[12],[28]   1.71%
Investment, Identifier [Axis]: Chimera Investment Corp.    
Par Amount/ Shares/Units $ 22,829 [1],[2],[3] $ 177,843 [8],[9],[28]
Amortized Cost 525,748 [2],[3],[4] 4,271,503 [9],[10],[28]
Fair Value $ 450,188 [2],[3],[5] $ 4,134,045 [9],[11],[28]
% of Net Assets 0.29% [2],[3],[6] 2.57% [9],[12],[28]
Investment, Identifier [Axis]: Compass Diversified Holdings    
Par Amount/ Shares/Units [2] $ 61,734 [1],[3] $ 22,049 [8],[9],[28]
Amortized Cost [2] 1,035,442 [3],[4] 381,008 [9],[10],[28]
Fair Value [2] $ 1,206,282 [3],[5] $ 405,702 [9],[11],[28]
% of Net Assets [2] 0.78% [3],[6] 0.25% [9],[12],[28]
Investment, Identifier [Axis]: Controlled Investments    
Par Amount/ Shares/Units $ 167,452,935 [1],[2],[29] $ 166,237,352 [8]
Amortized Cost 157,346,334 [2],[4],[29] 149,656,451 [9],[10]
Fair Value $ 129,001,392 [2],[5],[29] $ 121,610,914 [9],[11]
% of Net Assets 83.87% [2],[6],[29] 75.65% [12]
Investment, Identifier [Axis]: Controlled Investments - ECC Capital Corp. - Real Estate - Equity    
Par Amount/ Shares/Units $ 84,000,000 [2],[13],[29],[30] $ 84,000,000 [8],[9],[15],[31],[32]
Amortized Cost 4,257,002 [2],[13],[29],[30] 4,257,002 [9],[10],[15],[31],[32]
Fair Value $ 9,660,000 [1],[2],[13],[29],[30] $ 6,636,000 [9],[11],[15],[31],[32]
% of Net Assets 6.28% [2],[4],[13],[29],[30] 4.13% [9],[12],[15],[31],[32]
Investment, Identifier [Axis]: Controlled Investments - ECC Capital Corp. - Real Estate - Senior Secured Promissory Note    
Maturity Dec. 31, 2031 [2],[20],[29] Dec. 31, 2031 [9],[24],[31]
Par Amount/ Shares/Units $ 6,997,012 [2],[20],[29] $ 6,997,012 [8],[24],[31]
Amortized Cost 6,997,012 [1],[2],[20],[29] 6,997,012 [9],[10],[24],[31]
Fair Value $ 6,997,012 [2],[4],[20],[29] $ 6,997,012 [9],[11],[24],[31]
% of Net Assets 4.55% [2],[5],[20],[29] 4.35% [12],[24],[31]
Investment, Identifier [Axis]: Controlled Investments - FlexFIN, LLC - Services: Business - Equity Interest    
Par Amount/ Shares/Units $ 36,796,344 [2],[29] $ 37,180,761 [8],[9],[31]
Amortized Cost 36,796,344 [2],[29] 37,180,761 [9],[10],[31]
Fair Value $ 36,796,344 [1],[2],[29] $ 37,180,761 [9],[11],[31]
% of Net Assets 23.92% [2],[4],[29] 23.13% [9],[12],[31]
Investment, Identifier [Axis]: Controlled Investments - NSG Captive, Inc. - Insurance - Equity    
Par Amount/ Shares/Units [8],[9],[15],[31],[33]   $ 100,000
Amortized Cost [9],[10],[15],[31],[33]   49,255,076
Fair Value [9],[11],[15],[31],[33]   $ 48,469,540
% of Net Assets [9],[12],[15],[31],[33]   30.15%
Investment, Identifier [Axis]: Controlled Investments - NSG Captive, Inc. - Insurance - Preferred Equity    
Par Amount/ Shares/Units [1],[2],[13],[29],[34] $ 100,000  
Amortized Cost [2],[4],[13],[29],[34] 55,729,376  
Fair Value [2],[5],[13],[29],[34] $ 55,355,693  
% of Net Assets [2],[6],[13],[29],[34] 36.00%  
Investment, Identifier [Axis]: Controlled Investments - NVTN LLC - Hotel, Gaming & Leisure - Equity - Class A Units    
Maturity [2],[13],[29]  
Par Amount/ Shares/Units $ 1,000 [1],[2],[13],[29] $ 1,000 [9],[10],[15]
Amortized Cost 21,450,924 [2],[4],[13],[29] 21,450,924 [9],[11],[15]
Fair Value [2],[5],[13],[29] [12],[15]
% of Net Assets 0.00% [2],[6],[13],[29] 0.00%
Investment, Identifier [Axis]: Controlled Investments - NVTN LLC - Hotel, Gaming & Leisure - Senior Secured First Lien Term Loan B    
Maturity [35] Dec. 31, 2029 [2],[29] Dec. 31, 2026 [9]
Par Amount/ Shares/Units [35] $ 17,552,420 [1],[2],[29] $ 17,552,420 [8]
Amortized Cost [35] 13,916,082 [2],[4],[29] 13,916,082 [9],[10]
Fair Value [35] $ 9,741,593 [2],[5],[29] $ 13,427,601 [9],[11]
% of Net Assets [35] 6.33% [2],[6],[29] 8.35% [12]
Investment, Identifier [Axis]: Controlled Investments - NVTN LLC - Hotel, Gaming & Leisure - Senior Secured First Lien Term Loan C    
Maturity [2],[29],[36] Dec. 31, 2026 [8],[9],[31],[37]
Par Amount/ Shares/Units $ 11,506,159 [1],[2],[29],[36] $ 11,506,159 [9],[10],[31],[37]
Amortized Cost 7,570,055 [2],[4],[29],[36] 7,570,055 [9],[11],[31],[37]
Fair Value [2],[5],[29],[36] [9],[12],[31],[37]
% of Net Assets 0.00% [2],[6],[29],[36] 0.00% [9],[31],[37]
Investment, Identifier [Axis]: Controlled Investments - NVTN LLC - Hotel, Gaming & Leisure - Senior Secured First Lien Term Loan D    
Maturity [2],[20],[29] Dec. 31, 2029  
Par Amount/ Shares/Units [1],[2],[20],[29] $ 9,850,000  
Amortized Cost [2],[4],[20],[29] 9,979,539  
Fair Value [2],[5],[20],[29] $ 9,800,750  
% of Net Assets [2],[6],[20],[29] 6.37%  
Investment, Identifier [Axis]: Controlled Investments - NVTN LLC - Hotel, Gaming & Leisure - Senior Secured Revolving Note    
Maturity [9],[31],[38]   Dec. 31, 2026
Par Amount/ Shares/Units [8],[9],[31],[38]   $ 8,900,000
Amortized Cost [9],[10],[31],[38]   9,029,539
Fair Value [5],[9],[11],[31],[38]   $ 8,900,000
% of Net Assets [9],[12],[31],[38]   5.54%
Investment, Identifier [Axis]: Controlled Investments - NVTN LLC - NVTN LLC - Hotel, Gaming & Leisure - Senior Secured Revolving Note    
Maturity [2],[20],[29],[36] Dec. 31, 2029  
Par Amount/ Shares/Units [1],[2],[20],[29],[36] $ 650,000  
Amortized Cost [2],[4],[20],[29],[36] 650,000  
Fair Value [2],[5],[20],[29],[36] $ 650,000  
% of Net Assets [2],[6],[20],[29],[36] 0.42%  
Investment, Identifier [Axis]: Controlled Investments - Subtotal Control Investments    
Par Amount/ Shares/Units $ 299,986,930 [2],[29] $ 300,530,345 [8]
Amortized Cost 323,412,156 [1],[2],[29] 324,389,165 [9],[10]
Fair Value $ 295,810,691 [2],[4],[29] $ 302,272,488 [9],[11]
% of Net Assets 192.32% [2],[5],[29] 188.01% [12]
Investment, Identifier [Axis]: Copper Property CTL Pass Through Trust    
Par Amount/ Shares/Units $ 437,795 [1],[2] $ 637,795 [8],[9]
Amortized Cost 4,324,211 [2],[4] 7,200,434 [9],[10]
Fair Value $ 4,754,454 [2],[5] $ 7,915,036 [9]
% of Net Assets 3.09% [2],[6] 4.92% [9],[12]
Investment, Identifier [Axis]: ECC Capital Corp.    
Par Amount/ Shares/Units $ 90,997,012 [1],[2],[29] $ 90,997,012 [8],[9],[31]
Amortized Cost 11,254,014 [2],[4],[29] 11,254,014 [9],[10],[31]
Fair Value $ 16,657,012 [2],[5],[29] $ 13,633,012 [9],[11],[31]
% of Net Assets 10.83% [2],[6],[29] 8.48% [12],[31]
Investment, Identifier [Axis]: FST Holdings Parent, LLC    
Par Amount/ Shares/Units [1],[7] $ 625,548 [2] $ 625,548 [8],[9]
Amortized Cost [7] 10,008,289 [2],[4] 10,008,289 [9],[10]
Fair Value [5],[7] $ 12,185,404 [2] $ 10,960,741 [9],[11]
% of Net Assets [7] 7.93% [2],[6] 6.82% [9],[12]
Investment, Identifier [Axis]: FlexFIN, LLC    
Par Amount/ Shares/Units $ 36,796,344 [1],[2],[29] $ 37,180,761 [8],[9],[31]
Amortized Cost 36,796,344 [2],[4],[29] 37,180,761 [9],[10],[31]
Fair Value $ 36,796,344 [2],[5],[29] $ 37,180,761 [9],[11],[31]
% of Net Assets 23.92% [2],[6],[29] 23.13% [9],[12],[31]
Investment, Identifier [Axis]: Franklin BSP Realty Trust, Inc.    
Par Amount/ Shares/Units [8],[9],[28]   $ 50,000
Amortized Cost [9],[10],[28]   498,155
Fair Value [9],[11],[28]   $ 543,000
% of Net Assets [9],[12],[28]   0.34%
Investment, Identifier [Axis]: Innovate Corp.    
Par Amount/ Shares/Units $ 4,771,251 [1],[2],[3] $ 4,558,125 [8],[9],[28]
Amortized Cost 4,235,914 [2],[3],[4] 4,022,788 [9],[10],[28]
Fair Value $ 3,989,958 [2],[3],[5] $ 4,033,941 [9],[11],[28]
% of Net Assets 2.59% [2],[3],[6] 2.51% [9],[12],[28]
Investment, Identifier [Axis]: Invesco Mortgage Capital, Inc.    
Par Amount/ Shares/Units $ 180,000 [1],[2],[3] $ 180,000 [8],[9],[28]
Amortized Cost 1,411,789 [2],[3],[4] 1,411,789 [9],[10],[28]
Fair Value $ 1,454,400 [2],[3],[5] $ 1,360,800 [9],[11],[28]
% of Net Assets 0.95% [2],[3],[6] 0.85% [9],[12],[28]
Investment, Identifier [Axis]: Jacmel Arora, LLC    
Par Amount/ Shares/Units [1],[2] $ 13,283,444  
Amortized Cost [2],[4] 12,550,781  
Fair Value [2],[5] $ 12,542,301  
% of Net Assets [2],[6] 8.15%  
Investment, Identifier [Axis]: Kemmerer Operations, LLC    
Par Amount/ Shares/Units $ 6,762,782 [1],[2] $ 8,762,782 [8],[9]
Amortized Cost 6,762,782 [2],[4] 8,762,782 [9],[10]
Fair Value $ 6,762,782 [2],[5] $ 8,762,782 [9],[11]
% of Net Assets 4.40% [2],[6] 5.45% [9],[12]
Investment, Identifier [Axis]: Lucky Bucks, LLC (dba Arc Gaming & Technologies LLC) - LB NewHoldCo, LLC    
Par Amount/ Shares/Units $ 3,934,644 [1],[2] $ 3,888,724 [8],[9]
Amortized Cost 3,904,594 [2],[4] 3,858,055 [9],[10]
Fair Value $ 3,235,005 [2],[5] $ 4,502,412 [9],[11]
% of Net Assets 2.10% [2],[6] 2.80% [9],[12]
Investment, Identifier [Axis]: MB Precision Investment Holdings LLC    
Par Amount/ Shares/Units $ 19,392,239 [1],[2],[7] $ 16,947,879 [8],[9]
Amortized Cost 15,696,625 [2],[4],[7] 13,236,463 [9],[10]
Fair Value $ 13,141,663 [2],[5],[7] $ 12,262,640 [9],[11]
% of Net Assets 8.54% [2],[6],[7] 7.63% [12]
Investment, Identifier [Axis]: MFA Financial, Inc.    
Par Amount/ Shares/Units $ 159,493 [1],[2],[3] $ 184,695 [8],[9],[28]
Amortized Cost 2,146,789 [2],[3],[4] 3,515,573 [9],[10],[28]
Fair Value $ 1,985,667 [2],[3],[5] $ 3,381,070 [9],[11],[28]
% of Net Assets 1.29% [2],[3],[6] 2.10% [9],[12],[28]
Investment, Identifier [Axis]: NGS-WCS Group Holdings - JFL-NGS-WCS Partners, LLC    
Par Amount/ Shares/Units $ 10,000,000 [1],[2] $ 10,987,500 [8],[9]
Amortized Cost 10,000,000 [2],[4] 10,983,422 [9],[10]
Fair Value $ 13,300,000 [2],[5] $ 14,097,375 [9],[11]
% of Net Assets 8.65% [2],[6] 8.77% [9],[12]
Investment, Identifier [Axis]: NSG Captive, Inc.    
Par Amount/ Shares/Units [8],[9],[31]   $ 100,000
Amortized Cost [9],[10],[31]   49,255,076
Fair Value [9],[11],[31]   $ 48,469,540
% of Net Assets [9],[12],[31]   30.15%
Investment, Identifier [Axis]: NVTN LLC    
Par Amount/ Shares/Units $ 39,559,579 [1],[2],[29] $ 37,959,579 [8]
Amortized Cost [29] 53,566,600 [2],[4] 51,966,600 [9],[10],[13]
Fair Value $ 20,192,343 [2],[5],[29] $ 22,327,601 [9],[11]
% of Net Assets 13.12% [2],[6],[29] 13.89% [12]
Investment, Identifier [Axis]: Neptune Bidco US, Inc. (dba Nielsen)    
Par Amount/ Shares/Units [8],[9]   $ 6,967,133
Amortized Cost [9],[10]   6,462,824
Fair Value [9],[11]   $ 6,732,486
% of Net Assets [9],[12]   4.19%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments    
Par Amount/ Shares/Units [1] $ 100,245,977 [2] $ 104,412,066 [8],[9]
Amortized Cost 128,237,811 [2],[4] 139,342,491 [9],[10]
Fair Value [5] $ 130,033,295 [2] $ 145,280,169 [9],[11]
% of Net Assets 84.54% [2],[6] 90.35% [9],[12]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Adamas Trust, Inc    
Par Amount/ Shares/Units [8],[9],[28]   $ 238,712
Amortized Cost [9],[10],[28]   5,885,875
Fair Value [9],[11],[28]   $ 5,957,794
% of Net Assets [9],[12],[28]   3.69%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Adamas Trust, Inc. - Real Estate - Equity - Class E Preferred Units    
Par Amount/ Shares/Units $ 140,721 [1],[2],[3],[20],[30] $ 221,469 [8],[9],[24],[28],[32]
Amortized Cost 3,531,064 [2],[3],[4],[20],[30] 5,510,240 [9],[10],[24],[28],[32]
Fair Value $ 3,442,036 [2],[3],[5],[20],[30] $ 5,565,516 [9],[11],[24],[28],[32]
% of Net Assets 2.25% [2],[3],[6],[20],[30] 3.45% [9],[12],[24],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Adamas Trust, Inc. - Real Estate - Equity - Class F Preferred Units    
Par Amount/ Shares/Units $ 17,243 [1],[2],[3],[30] $ 17,243 [8],[9],[28],[39]
Amortized Cost 375,635 [2],[3],[4],[30] 375,635 [1],[9],[10],[28],[39]
Fair Value $ 404,866 [2],[3],[5],[30] $ 392,278 [9],[11],[28],[39]
% of Net Assets 0.26% [2],[3],[6],[30] 0.24% [9],[12],[28],[39]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Altisource S.A.R.L. - Services: Business - Equity    
Par Amount/ Shares/Units $ 547,179 [1],[2],[3],[13],[30] $ 547,180 [8],[9],[15],[28],[32]
Amortized Cost 3,327,903 [2],[3],[4],[13],[30] 3,327,909 [9],[10],[15],[28],[32]
Fair Value $ 3,485,530 [2],[3],[5],[13],[30] $ 6,380,119 [8],[9],[11],[15],[28],[32]
% of Net Assets 2.27% [2],[3],[6],[13],[30] 3.97% [8],[9],[12],[15],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Altisource S.A.R.L. - Services: Business - Senior Secured First Lien Term Loan B    
Maturity Apr. 30, 2030 [2],[3],[19],[20],[22],[40] Apr. 30, 2030 [9],[18],[23],[24],[28],[41]
Par Amount/ Shares/Units $ 8,012,982 [1],[2],[3],[19],[20],[22],[40] $ 8,040,718 [8],[9],[18],[23],[24],[28],[41]
Amortized Cost 8,769,200 [2],[3],[4],[19],[20],[22],[40] 8,460,009 [9],[10],[18],[23],[24],[28],[41]
Fair Value $ 8,213,307 [2],[3],[5],[19],[20],[22],[40] $ 8,322,143 [9],[11],[18],[23],[24],[28],[41]
% of Net Assets 5.34% [2],[3],[6],[19],[20],[22],[40] 5.18% [9],[12],[18],[23],[24],[28],[41]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Altisource S.A.R.L. - Services: Business - Warrants    
Maturity Apr. 02, 2029 [2],[3],[13],[30] Apr. 02, 2029 [9],[15],[28],[32]
Par Amount/ Shares/Units $ 111,343 [1],[2],[3],[13],[30] $ 111,343 [8],[9],[15],[28],[32]
Amortized Cost 647,105 [2],[3],[4],[13],[30] 647,105 [9],[10],[15],[28],[32]
Fair Value $ 42,310 [2],[3],[5],[13],[30] $ 77,940 [9],[11],[15],[28],[32]
% of Net Assets 0.03% [2],[3],[6],[13],[30] 0.05% [9],[12],[15],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Altisource S.A.R.L. - Services: Business - Warrants - One    
Maturity Apr. 30, 2032 [2],[3],[13],[30] Apr. 30, 2032 [9],[15],[28],[32]
Par Amount/ Shares/Units $ 111,343 [1],[2],[3],[13],[30] $ 111,343 [8],[9],[15],[28],[32]
Amortized Cost 622,110 [2],[3],[4],[13],[30] 622,110 [9],[10],[15],[28],[32]
Fair Value $ 22,269 [2],[3],[5],[13],[30] $ 64,579 [9],[11],[15],[28],[32]
% of Net Assets 0.01% [2],[3],[6],[13],[30] 0.04% [9],[12],[15],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Arora Engineers, LLC - Construction & Building - First Lien Term Loan    
Maturity [2],[42] Dec. 30, 2030  
Par Amount/ Shares/Units [1],[2],[42] $ 9,689,062  
Amortized Cost [2],[4],[42] 9,495,281  
Fair Value [2],[5],[42] $ 9,398,391  
% of Net Assets [2],[6],[42] 6.11%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Arora Engineers, LLC - Construction & Building - Warrants    
Par Amount/ Shares/Units [1],[2] $ 444,382  
Amortized Cost [2],[4] 870,125  
Fair Value [2],[5] $ 831,961  
% of Net Assets [2],[6] 0.54%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Boostability Seotowncenter, Inc. - Services: Business - Equity - Common Units    
Maturity [8],[9],[15]  
Par Amount/ Shares/Units [9],[10],[15]   $ 833,152
Amortized Cost [9],[11],[15]   66,475
Fair Value [9],[12],[15]  
% of Net Assets   0.00%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - CB&L Associates Holdco I, LLC - Real Estate - First Lien Term Loan    
Maturity [9],[23],[28],[38],[41],[43]   Nov. 01, 2025
Par Amount/ Shares/Units [8],[9],[23],[28],[38],[41],[43]   $ 2,879,525
Amortized Cost [9],[10],[23],[28],[38],[41],[43]   2,419,049
Fair Value [9],[11],[23],[28],[38],[41],[43]   $ 2,753,546
% of Net Assets [9],[12],[23],[28],[38],[41],[43]   1.71%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Chimera Investment Corp. - Real Estate - Equity - Class B Preferred Units    
Par Amount/ Shares/Units [8],[9],[24],[28],[32]   $ 26,133
Amortized Cost [9],[10],[24],[28],[32]   635,531
Fair Value [9],[11],[24],[28],[32]   $ 629,544
% of Net Assets [9],[12],[24],[28],[32]   0.39%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Chimera Investment Corp. - Real Estate - Equity - Class C Preferred Units    
Par Amount/ Shares/Units $ 22,829 [1],[2],[3],[30],[44] $ 151,710 [8],[9],[28],[32],[45]
Amortized Cost 525,748 [2],[3],[4],[30],[44] 3,635,972 [9],[10],[28],[32],[45]
Fair Value $ 450,188 [2],[3],[5],[30],[44] $ 3,504,501 [9],[11],[28],[32],[45]
% of Net Assets 0.29% [2],[3],[6],[30],[44] 2.18% [9],[12],[28],[32],[45]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Compass Diversified Holdings - Real Estate - Equity - Series C Preferred Units    
Par Amount/ Shares/Units $ 61,734 [1],[2],[3],[30],[46] $ 22,049 [8],[9],[28],[32],[47]
Amortized Cost 1,035,442 [2],[3],[4],[30],[46] 381,008 [9],[10],[28],[32],[47]
Fair Value $ 1,206,282 [2],[3],[5],[30],[46] $ 405,702 [9],[11],[28],[32],[47]
% of Net Assets 0.78% [2],[3],[6],[30],[46] 0.25% [9],[12],[28],[32],[47]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Copper Property CTL Pass Through Trust - Real Estate - Equity Certificates    
Par Amount/ Shares/Units $ 437,795 [1],[2],[30] $ 637,795 [8],[9],[32]
Amortized Cost 4,324,211 [2],[4],[30] 7,200,434 [9],[10],[32]
Fair Value $ 4,754,454 [2],[5],[30] $ 7,915,036 [9],[11],[32]
% of Net Assets 3.09% [2],[6],[30] 4.92% [9],[12],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Franklin BSP Realty Trust, Inc. - Real Estate - Equity    
Par Amount/ Shares/Units [8],[9],[28],[32]   $ 50,000
Amortized Cost [9],[10],[28],[32]   498,155
Fair Value [9],[11],[28],[32]   $ 543,000
% of Net Assets [9],[12],[28],[32]   0.34%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Innovate Corp. - Construction & Building - Senior Secured Notes    
Maturity Feb. 01, 2027 [2],[3],[40],[43] Feb. 01, 2027 [9],[28],[41]
Par Amount/ Shares/Units $ 4,771,251 [1],[2],[3],[40],[43] $ 4,558,125 [8],[9],[28],[41]
Amortized Cost 4,235,914 [2],[3],[4],[40],[43] 4,022,788 [9],[10],[28],[41]
Fair Value $ 3,989,958 [2],[3],[5],[40],[43] $ 4,033,941 [9],[11],[28],[41]
% of Net Assets 2.59% [2],[3],[6],[40],[43] 2.51% [9],[12],[28],[41]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Invesco Mortgage Capital, Inc. - Real Estate - Equity - Common Units    
Par Amount/ Shares/Units $ 180,000 [1],[2],[3],[30] $ 180,000 [8],[9],[28],[32]
Amortized Cost 1,411,789 [2],[3],[4],[30] 1,411,789 [9],[10],[28],[32]
Fair Value $ 1,454,400 [2],[3],[5],[30] $ 1,360,800 [9],[11],[28],[32]
% of Net Assets 0.95% [2],[3],[6],[30] 0.85% [9],[12],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - JFL-NGS-WCS Partners, LLC - Construction & Building - Equity    
Par Amount/ Shares/Units [1] $ 10,000,000 [2],[13] $ 10,000,000 [8],[9],[15]
Amortized Cost 10,000,000 [2],[4],[13] 10,000,000 [9],[10],[15]
Fair Value $ 13,300,000 [2],[5],[13] $ 13,100,000 [9],[11],[15]
% of Net Assets 8.65% [2],[6] 8.15% [9],[12],[15]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Jacmel Arora, LLC - Equity    
Par Amount/ Shares/Units [2],[13] $ 3,150,000  
Amortized Cost [1],[2],[13] 2,185,375  
Fair Value [2],[4],[13] $ 2,311,949  
% of Net Assets [2],[5],[13] 1.50%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Kemmerer Operations, LLC - Metals & Mining - Senior Secured First Lien Term Loan    
Maturity Dec. 31, 2028 [2],[20] Dec. 31, 2028 [9],[24]
Par Amount/ Shares/Units $ 6,762,782 [1],[2],[20] $ 8,762,782 [8],[9],[24]
Amortized Cost 6,762,782 [2],[4],[20] 8,762,782 [9],[10],[24]
Fair Value $ 6,762,782 [2],[5],[20] $ 8,762,782 [9],[11],[24]
% of Net Assets 4.40% [2],[6],[20] 5.45% [9],[12],[24]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - LB NewHoldCo, LLC - Consumer Discretionary - Equity - Membership Units    
Par Amount/ Shares/Units $ 230,739 [1],[2],[13] $ 230,739 [8],[9],[15]
Amortized Cost 449,393 [2],[4],[13] 449,393 [9],[10],[15]
Fair Value [2],[5],[13] $ 994,485 [9],[11],[15]
% of Net Assets 0.00% [1],[6],[13] 0.62% [9],[12],[15]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Lucky Bucks, LLC (dba Arc Gaming & Technologies LLC) - Consumer Discretionary - Priority First Out Exit Term Loan    
Maturity Oct. 02, 2028 [2],[19],[48] Oct. 02, 2028 [9],[23],[49]
Par Amount/ Shares/Units $ 1,510,449 [1],[2],[19],[48] $ 1,514,302 [8],[9],[23],[49]
Amortized Cost 1,406,952 [2],[4],[19],[48] 1,410,541 [9],[10],[23],[49]
Fair Value $ 1,480,240 [2],[5],[19],[48] $ 1,514,302 [9],[11],[23],[49]
% of Net Assets 0.96% [2],[6],[19],[48] 0.94% [9],[12],[23],[49]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Lucky Bucks, LLC (dba Arc Gaming & Technologies LLC) - Consumer Discretionary - Priority Second Out Term Loan    
Maturity Oct. 02, 2029 [2],[19],[48] Oct. 02, 2029 [9],[23],[49]
Par Amount/ Shares/Units $ 2,193,456 [1],[2],[19],[48] $ 2,143,683 [8],[9],[23],[49]
Amortized Cost 2,048,249 [2],[4],[19],[48] 1,998,121 [9],[10],[23],[49]
Fair Value $ 1,754,765 [2],[5],[19],[48] $ 1,993,625 [9],[11],[23],[49]
% of Net Assets 1.14% [2],[6],[19],[48] 1.24% [9],[12],[23],[49]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - MFA Financial, Inc. - Real Estate - Equity - Class C Preferred Units    
Par Amount/ Shares/Units $ 39,493 [1],[2],[3],[20],[30] $ 114,695 [8],[9],[24],[28],[32]
Amortized Cost 971,472 [2],[3],[4],[20],[30] 2,800,579 [9],[10],[24],[28],[32]
Fair Value $ 836,067 [2],[3],[5],[20],[30] $ 2,737,770 [9],[11],[24],[28],[32]
% of Net Assets 0.54% [2],[3],[6],[20],[30] 1.70% [9],[12],[24],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - MFA Financial, Inc. - Real Estate - Equity - Common Units    
Par Amount/ Shares/Units $ 120,000 [1],[2],[3],[30] $ 70,000 [8],[9],[28],[32]
Amortized Cost 1,175,317 [2],[3],[4],[30] 714,994 [9],[10],[28],[32]
Fair Value $ 1,149,600 [2],[3],[5],[30] $ 643,300 [9],[11],[28],[32]
% of Net Assets 0.75% [2],[3],[6],[30] 0.40% [9],[12],[28],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - NGS-WCS Group Holdings - Construction & Building - Senior Secured First Lien Term Loan B    
Maturity [9],[38]   May 31, 2030
Par Amount/ Shares/Units [8],[9],[38]   $ 987,500
Amortized Cost [9],[10],[38]   983,422
Fair Value [9],[11],[38]   $ 997,375
% of Net Assets [9],[12],[38]   0.62%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Neptune Bidco US, Inc. (dba Nielsen) - Media: Broadcasting & Subscription - First Lien Term Loan    
Maturity [9],[23],[24],[41]   Apr. 11, 2029
Par Amount/ Shares/Units [8],[9],[23],[24],[41]   $ 2,967,133
Amortized Cost [9],[10],[23],[24],[41]   2,786,574
Fair Value [9],[11],[23],[24],[41]   $ 2,822,486
% of Net Assets [9],[12],[23],[24],[41]   1.76%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Onity Group Inc. - Real Estate - Equity - Preferred Units    
Par Amount/ Shares/Units $ 200,000 [1],[2],[3],[46] $ 200,000 [8],[9],[28],[47]
Amortized Cost 3,925,000 [2],[3],[4],[46] 3,925,000 [9],[10],[28],[47]
Fair Value $ 4,068,000 [2],[3],[5],[46] $ 3,948,000 [9],[11],[28],[47]
% of Net Assets 2.64% [2],[3],[6],[46] 2.46% [9],[12],[28],[47]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - PHH Mortgage Corp. - Real Estate - Senior Secured Note    
Maturity Nov. 01, 2029 [2],[40] Nov. 01, 2029 [9],[41]
Par Amount/ Shares/Units $ 2,500,000 [1],[2],[40] $ 2,500,000 [8],[9],[41]
Amortized Cost 2,343,050 [2],[4],[40] 2,343,050 [9],[10],[41]
Fair Value $ 2,412,500 [2],[5],[40] $ 2,515,625 [9],[11],[41]
% of Net Assets 1.57% [2],[6],[40] 1.56% [9],[12],[41]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - PREIT Associates - Real Estate - Senior Secured First Lien Term Loan    
Maturity Apr. 01, 2029 [2],[40],[42] Apr. 01, 2029 [9],[38],[41]
Par Amount/ Shares/Units $ 56,201 [1],[2],[40],[42] $ 56,201 [8],[9],[38],[41]
Amortized Cost 55,077 [2],[4],[40],[42] 55,077 [9],[10],[38],[41]
Fair Value $ 57,466 [2],[5],[40],[42] $ 57,606 [9],[11],[38],[41]
% of Net Assets 0.04% [2],[6],[40],[42] 0.04% [9],[12],[38],[41]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - PREIT Associates - Real Estate - Senior Secured Revolving Note    
Maturity Dec. 31, 2028 [2],[21],[42] Dec. 31, 2028 [9],[25],[38]
Par Amount/ Shares/Units $ 73,083 [1],[2],[21],[42] $ 73,083 [8],[9],[25],[38]
Amortized Cost 72,230 [2],[4],[21],[42] 72,230 [9],[10],[25],[38]
Fair Value $ 71,251 [2],[5],[21],[42] $ 71,251 [9],[11],[25],[38]
% of Net Assets 0.05% [2],[6],[21],[42] 0.04% [9],[12],[25],[38]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - PSB Group, LLC - Services: Consumer - Senior Secured First Lien Revolver    
Maturity Apr. 17, 2030 [2],[21],[26],[42] Apr. 17, 2030 [9],[25],[27],[38]
Par Amount/ Shares/Units $ 293,137 [1],[2],[21],[26],[42] $ 293,137 [8],[9],[25],[27],[38]
Amortized Cost 293,137 [2],[4],[21],[26],[42] 293,137 [9],[10],[25],[27],[38]
Fair Value $ 293,137 [2],[5],[21],[26],[42] $ 293,137 [9],[11],[25],[27],[38]
% of Net Assets 0.19% [2],[6],[21],[26],[42] 0.18% [9],[12],[25],[27],[38]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - PSB Group, LLC - Services: Consumer - Senior Secured First Lien Term Loan    
Maturity Apr. 17, 2030 [2],[42] Apr. 17, 2030 [9],[38]
Par Amount/ Shares/Units $ 5,677,941 [1],[2],[42] $ 5,706,618 [8],[9],[38]
Amortized Cost 5,653,648 [2],[4],[42] 5,679,996 [9],[10],[38]
Fair Value $ 5,677,941 [2],[5],[42] $ 5,706,618 [9],[11],[38]
% of Net Assets 3.69% [2],[6],[42] 3.55% [9],[12],[38]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Power Stop LLC - Automotive - Senior Secured First Lien Term Loan    
Maturity Jan. 26, 2029 [2],[19],[20],[40] Jan. 26, 2029 [9],[23],[24],[41]
Par Amount/ Shares/Units $ 9,653,266 [1],[2],[19],[20],[40] $ 9,704,216 [8],[9],[23],[24],[41]
Amortized Cost 8,462,396 [2],[4],[19],[20],[40] 8,504,727 [9],[10],[23],[24],[41]
Fair Value $ 8,229,410 [2],[5],[19],[20],[40] $ 7,860,415 [9],[11],[23],[24],[41]
% of Net Assets 5.35% [2],[6],[19],[20],[40] 4.89% [9],[12],[23],[24],[41]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Redwood Trust Inc. - Real Estate - Equity    
Par Amount/ Shares/Units [8],[9],[32]   $ 165,000
Amortized Cost [9],[10],[32]   1,012,942
Fair Value [9],[11],[32]   $ 955,350
% of Net Assets [9],[12],[32]   0.59%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Redwood Trust Inc. - Real Estate - Equity - Common Units    
Par Amount/ Shares/Units [1],[2],[3],[30] $ 185,000  
Amortized Cost [2],[3],[4],[30] 1,127,150  
Fair Value [2],[3],[5],[30] $ 1,037,850  
% of Net Assets [2],[3],[6],[30] 0.67%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - SS Acquisition, LLC (dba Soccer Shots Franchising) - Services: Consumer - Senior Secured First Lien Revolver    
Maturity Dec. 20, 2029 [2],[21],[26],[42] Dec. 20, 2029 [9],[25],[27],[38]
Par Amount/ Shares/Units $ 400,000 [1],[2],[21],[26],[42] $ 400,000 [8],[9],[25],[27],[38]
Amortized Cost 400,000 [2],[4],[21],[26],[42] 400,000 [9],[10],[25],[27],[38]
Fair Value $ 400,000 [2],[5],[21],[26],[42] $ 400,000 [9],[11],[25],[27],[38]
% of Net Assets 0.26% [2],[6],[21],[26],[42] 0.25% [9],[12],[25],[27],[38]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - SS Acquisition, LLC (dba Soccer Shots Franchising) - Services: Consumer - Senior Secured First Lien Term Loan    
Maturity Dec. 20, 2029 [2],[42] Dec. 20, 2029 [9],[38]
Par Amount/ Shares/Units $ 13,401,786 [1],[2],[42] $ 13,469,643 [8],[9],[38]
Amortized Cost 13,342,528 [2],[4],[42] 13,404,028 [9],[10],[38]
Fair Value $ 13,401,786 [2],[5],[42] $ 13,469,643 [9],[11],[38]
% of Net Assets 8.71% [2],[6],[42] 8.38% [9],[12],[38]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Spotter Inc. - High Tech Industries - Equity - Series D-1 Preferred Stock    
Par Amount/ Shares/Units [8],[9],[15]   $ 414,293
Amortized Cost [9],[10],[15]   5,999,998
Fair Value [9],[11],[15]   $ 5,999,998
% of Net Assets [9],[12],[15]   3.73%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Spotter Inc. - High Tech Industries - Equity - Series E-1 Preferred Stock    
Par Amount/ Shares/Units [1],[2],[13] $ 51,786  
Amortized Cost [2],[4],[13] 750,005  
Fair Value [2],[5],[13] $ 792,844  
% of Net Assets [2],[6],[13] 0.52%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Spotter Inc. - High Tech Industries - Equity - Series E-2-D Preferred Stock    
Par Amount/ Shares/Units [1],[2],[13] $ 414,293  
Amortized Cost [2],[4],[13] 5,999,998  
Fair Value [2],[5],[13] $ 5,862,246  
% of Net Assets [2],[6],[13] 3.81%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Stancor (dba Industrial Flow Solutions Holdings, LLC) - Business - Equity    
Par Amount/ Shares/Units [8],[9],[15]   $ 358,867
Amortized Cost [9],[10],[15]   345,491
Fair Value [9],[11],[15]   $ 314,132
% of Net Assets [9],[12],[15]   0.20%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Stancor (dba Industrial Flow Solutions Holdings, LLC) - Services: Business - Equity - Class A Units    
Par Amount/ Shares/Units [1],[2],[13] $ 358,867  
Amortized Cost [2],[4],[13] 345,491  
Fair Value [2],[5],[13] $ 314,132  
% of Net Assets [2],[6],[13] 0.20%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Staples, Inc. - Services: Consumer - First Lien Term Loan    
Maturity [9],[24],[41]   Sep. 01, 2029
Par Amount/ Shares/Units [8],[9],[24],[41]   $ 3,960,000
Amortized Cost [9],[10],[24],[41]   3,830,925
Fair Value [9],[11],[24],[41]   $ 3,742,200
% of Net Assets [9],[12],[24],[41]   2.33%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Tamarix Capital Partners II, L.P. - Banking - Fund Investment    
Par Amount/ Shares/Units [1],[2],[3],[13],[21],[50] [8],[9],[15],[25]
Amortized Cost 2,138,134 [2],[3],[4],[13],[21],[50] 2,194,384 [9],[10],[15],[25]
Fair Value $ 2,319,823 [2],[3],[5],[13],[21],[50] $ 2,227,463 [9],[11],[15],[25]
% of Net Assets 1.51% [2],[3],[6],[13],[21],[50] 1.39% [9],[12],[15],[25]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - Thryv Holdings, Inc. - Media: Broadcasting & Subscription - Senior Secured First Lien Term Loan    
Maturity May 01, 2029 [2],[3],[40],[42] May 01, 2029 [9],[38],[41]
Par Amount/ Shares/Units $ 2,025,000 [1],[2],[3],[40],[42] $ 2,025,000 [8],[9],[38],[41]
Amortized Cost 2,011,129 [2],[3],[4],[40],[42] 2,009,375 [9],[10],[38],[41]
Fair Value $ 1,984,500 [2],[3],[5],[40],[42] $ 2,027,531 [9],[11],[38],[41]
% of Net Assets 1.29% [2],[3],[6],[40],[42] 1.26% [9],[12],[38],[41]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - WHI Global, LLC - Aerospace & Defense - Equity - Common Shares    
Par Amount/ Shares/Units $ 350 [1],[2],[13] $ 350
Amortized Cost 700,000 [2],[4],[13] 700,000
Fair Value $ 1,344,833 [2],[5],[13] $ 483,284
% of Net Assets 0.87% [2],[6],[13] 0.30%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - WHI Global, LLC - Aerospace & Defense - Senior Secured First Lien Term Loan    
Maturity Apr. 17, 2029 [2],[19],[42] Apr. 17, 2029
Par Amount/ Shares/Units $ 12,307,680 [1],[2],[19],[42] $ 12,369,840
Amortized Cost 12,207,606 [2],[4],[19],[42] 12,256,814
Fair Value $ 12,443,063 [2],[5],[19],[42] $ 12,258,511
% of Net Assets 8.10% [2],[6],[19],[42] 7.62%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - WHI Global, LLC - Aerospace & Defense - Senior Secured Revolving Note    
Maturity Apr. 17, 2029 [2],[19],[21],[26],[42] Apr. 17, 2029
Par Amount/ Shares/Units $ 1,452,373 [1],[2],[19],[21],[26],[42] $ 884,053
Amortized Cost 1,593,293 [2],[4],[19],[21],[26],[42] 863,075
Fair Value $ 1,468,349 [2],[5],[19],[21],[26],[42] $ 876,097
% of Net Assets 0.95% [2],[6],[19],[21],[26],[42] 0.54%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - XYZ Roofco, LLC (dba SMC Roofing Solutions LLC) - Services: Consumer - First Out Delayed Draw Term Loan    
Maturity Oct. 16, 2028 [2],[20] Oct. 16, 2028
Par Amount/ Shares/Units $ 30,950 [1],[2],[20] $ 30,950
Amortized Cost 31,933 [2],[4],[20] 31,933
Fair Value $ 30,099 [2],[5],[20] $ 31,128
% of Net Assets 0.02% [2],[6],[20] 0.02%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - XYZ Roofco, LLC (dba SMC Roofing Solutions LLC) - Services: Consumer - First Out Term Loan    
Maturity Oct. 16, 2028 [2],[20] Oct. 16, 2028
Par Amount/ Shares/Units $ 605,831 [1],[2],[20] $ 618,546
Amortized Cost 611,209 [2],[4],[20] 623,442
Fair Value $ 589,170 [2],[5],[20] $ 618,546
% of Net Assets 0.38% [2],[6],[20] 0.38%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - XYZ Roofco, LLC (dba SMC Roofing Solutions LLC) - Services: Consumer - Last Out Delayed Draw Term Loan    
Maturity [2],[20] Oct. 16, 2028  
Par Amount/ Shares/Units [1],[2],[20] $ 140,082  
Amortized Cost [2],[4],[20] 140,082  
Fair Value [2],[5],[20] $ 135,879  
% of Net Assets [2],[6],[20] 0.09%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - XYZ Roofco, LLC (dba SMC Roofing Solutions LLC) - Services: Consumer - Last Out Delayed Draw Term Loan - First Out Skim    
Maturity   Oct. 16, 2028
Par Amount/ Shares/Units   $ 140,082
Amortized Cost   140,082
Fair Value   $ 139,955
% of Net Assets   0.09%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - XYZ Roofco, LLC (dba SMC Roofing Solutions LLC) - Services: Consumer - Last Out Term Loan    
Maturity [2],[20] Oct. 16, 2028  
Par Amount/ Shares/Units [1],[2],[20] $ 1,863,568  
Amortized Cost [2],[4],[20] 1,863,648  
Fair Value [2],[5],[20] $ 1,807,661  
% of Net Assets [2],[6],[20] 1.18%  
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments - XYZ Roofco, LLC (dba SMC Roofing Solutions LLC) - Services: Consumer - Last Out Term Loan - First Out Skim    
Maturity   Oct. 16, 2028
Par Amount/ Shares/Units   $ 1,863,568
Amortized Cost   1,859,920
Fair Value   $ 1,858,909
% of Net Assets   1.16%
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments- Neptune Bidco US, Inc. (dba Nielsen) - Media: Broadcasting & Subscription - Senior Secured Note    
Maturity [9],[41]   Apr. 15, 2029
Par Amount/ Shares/Units [8],[9],[41]   $ 4,000,000
Amortized Cost [9],[10],[41]   3,676,250
Fair Value [9],[11],[41]   $ 3,910,000
% of Net Assets [9],[12],[41]   2.43%
Investment, Identifier [Axis]: Onity Group Inc.    
Par Amount/ Shares/Units $ 200,000 [1],[2],[3] $ 200,000 [8],[9],[28]
Amortized Cost 3,925,000 [2],[3],[4] 3,925,000 [9],[10],[28]
Fair Value $ 4,068,000 [2],[3],[5] $ 3,948,000 [9],[11],[28]
% of Net Assets 2.64% [2],[3],[6] 2.46% [9],[12],[28]
Investment, Identifier [Axis]: PHH Mortgage Corp.    
Par Amount/ Shares/Units $ 2,500,000 [1],[2] $ 2,500,000 [8],[9]
Amortized Cost 2,343,050 [2],[4] 2,343,050 [9],[10]
Fair Value $ 2,412,500 [2],[5] $ 2,515,625 [9],[11]
% of Net Assets 1.57% [2],[6] 1.56% [9],[12]
Investment, Identifier [Axis]: PREIT Associates    
Par Amount/ Shares/Units $ 129,284 [1],[2] $ 129,284 [8],[9]
Amortized Cost 127,307 [2],[4] 127,307 [9],[10]
Fair Value $ 128,717 [2],[5] $ 128,857 [9],[11]
% of Net Assets 0.09% [2],[6] 0.08% [9],[12]
Investment, Identifier [Axis]: PSB Group, LLC    
Par Amount/ Shares/Units $ 5,971,078 [1],[2] $ 5,999,755 [8],[9]
Amortized Cost 5,946,785 [2],[4] 5,973,133 [9],[10]
Fair Value $ 5,971,078 [2],[5] $ 5,999,755 [9],[11]
% of Net Assets 3.88% [2],[6] 3.73% [9],[12]
Investment, Identifier [Axis]: Power Stop LLC    
Par Amount/ Shares/Units $ 9,653,266 [1],[2] $ 9,704,216 [8],[9]
Amortized Cost 8,462,396 [2],[4] 8,504,727 [9],[10]
Fair Value $ 8,229,410 [2],[5] $ 7,860,415 [9],[11]
% of Net Assets 5.35% [2],[6] 4.89% [9],[12]
Investment, Identifier [Axis]: Redwood Trust Inc.    
Par Amount/ Shares/Units $ 185,000 [1],[2],[3] $ 165,000 [8],[9]
Amortized Cost 1,127,150 [2],[3],[4] 1,012,942 [9],[10]
Fair Value $ 1,037,850 [2],[3],[5] $ 955,350 [9],[11]
% of Net Assets 0.67% [2],[3],[6] 0.59% [9],[12]
Investment, Identifier [Axis]: SS Acquisition, LLC (dba Soccer Shots Franchising)    
Par Amount/ Shares/Units $ 13,801,786 [1],[2] $ 13,869,643 [8],[9]
Amortized Cost 13,742,528 [2],[4] 13,804,028 [9],[10]
Fair Value $ 13,801,786 [2],[5] $ 13,869,643 [9],[11]
% of Net Assets 8.97% [2],[6] 8.63% [9],[12]
Investment, Identifier [Axis]: Spotter Inc.    
Par Amount/ Shares/Units [8],[9]   $ 414,293
Amortized Cost [9],[10]   5,999,998
Fair Value [9],[11]   $ 5,999,998
% of Net Assets [9],[12]   3.73%
Investment, Identifier [Axis]: Spotter Inc. - High Tech Industries    
Par Amount/ Shares/Units [1],[2] $ 466,079  
Amortized Cost [2],[4] 6,750,003  
Fair Value [2],[5] $ 6,655,090  
% of Net Assets [2],[6] 4.33%  
Investment, Identifier [Axis]: Stancor (dba Industrial Flow Solutions Holdings, LLC)    
Par Amount/ Shares/Units $ 358,867 [1],[2] $ 358,867 [8],[9]
Amortized Cost 345,491 [2],[4] 345,491 [9],[10]
Fair Value $ 314,132 [2],[5] $ 314,132 [9],[11]
% of Net Assets 0.20% [2],[6] 0.20% [9],[12]
Investment, Identifier [Axis]: Staples, Inc.    
Par Amount/ Shares/Units [8],[9]   $ 3,960,000
Amortized Cost [9],[10]   3,830,925
Fair Value [9],[11]   $ 3,742,200
% of Net Assets [9],[12]   2.33%
Investment, Identifier [Axis]: Tamarix Capital Partners II, L.P.    
Par Amount/ Shares/Units [1],[2],[3],[13],[21],[50] [9],[10]
Amortized Cost 2,138,134 [2],[3],[4],[13],[21],[50] 2,194,384 [9],[11]
Fair Value $ 2,319,823 [2],[3],[5],[13],[21],[50] $ 2,227,463 [9],[12]
% of Net Assets 1.51% [2],[3],[6],[13],[21],[50] 1.39%
Investment, Identifier [Axis]: Thryv Holdings, Inc.    
Par Amount/ Shares/Units $ 2,025,000 [1],[2],[3] $ 2,025,000 [8],[9]
Amortized Cost 2,011,129 [2],[3],[4] 2,009,375 [9],[10]
Fair Value $ 1,984,500 [2],[3],[5] $ 2,027,531 [9],[11]
% of Net Assets 1.29% [2],[3],[6] 1.26% [9],[12]
Investment, Identifier [Axis]: WHI Global, LLC    
Par Amount/ Shares/Units $ 13,760,403 [1],[2] $ 13,254,243 [8],[9]
Amortized Cost 14,500,899 [2],[4] 13,819,889 [9],[10]
Fair Value $ 15,256,245 [2],[5] $ 13,617,892 [9],[11]
% of Net Assets 9.92% [2],[6] 8.46% [9],[12]
Investment, Identifier [Axis]: XYZ Roofco, LLC (dba SMC Roofing Solutions LLC)    
Par Amount/ Shares/Units [1] $ 2,640,431 [2] $ 2,653,146 [8],[9]
Amortized Cost 2,646,872 [2],[4] 2,655,377 [9],[10]
Fair Value [5] $ 2,562,809 [2] $ 2,648,538 [9],[11]
% of Net Assets 1.67% [2],[6] 1.65% [9],[12]
[1] Par amount is presented for debt investments and the amount includes accumulated payment-in-kind (“PIK”) interest, as applicable, and is net of repayments, while the number of shares or units owned is presented for equity investments. Par amount is denominated in U.S. Dollars (“$”) unless otherwise noted.
[2] Substantially all of our investments are domiciled in the United States. Certain investments also have international operations.
[3] The investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act, in whole, or in part. As of March 31, 2026, non-qualifying assets represented 11.16% of total assets.
[4] Net unrealized depreciation for U.S. federal income tax purposes totaled $(27,601,465). The tax cost basis of investments is $323,412,156 as of March 31, 2026. The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
[5] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (see Note 4).
[6] Percentage is based on net assets of $153,811,704 as of March 31, 2026.
[7] Affiliated Investments are defined by the 1940 Act as investments in companies in which the Company owns between 5% and 25% outstanding voting securities or is under common control with such portfolio company.
[8] Par amount is presented for debt investments and the amount includes accumulated payment-in-kind (“PIK”) interest, as applicable, and is net of repayments, while the number of shares or units owned is presented for equity investments. Par amount is denominated in U.S. Dollars (“$”) unless otherwise noted.
[9] Substantially all of our investments are domiciled in the United States. Certain investments also have international operations.
[10] Net unrealized depreciation for U.S. federal income tax purposes totaled $(22,116,677). The tax cost basis of investments is $324,389,165 as of September 30, 2025. The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
[11] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (see Note 4).
[12] Percentage is based on net assets of $160,774,300 as of September 30, 2025.
[13] Non-income producing security.
[14] Affiliated Investments are defined by the 1940 Act as investments in companies in which the Company owns between 5% and 25% outstanding voting securities or is under common control with such portfolio company.
[15] Non-income producing security.
[16] The investment is held through PhenixFIN Investment Holdings FST, LLC.
[17] The investment is held through PhenixFIN Investment Holdings FST, LLC.
[18] The investment includes an exit fee that is receivable upon repayment of the loan. See Note 2 “Significant Accounting Policies.”
[19] Credit Spread Adjustment (“CSA”).
[20] The interest rate on these securities is subject to 3 month SOFR, which as of  March 31, 2026  was 3.68%.
[21] The investment has an unfunded commitment as of March 31, 2026 (see Note 8), and fair value includes the value of any unfunded commitments. The negative cost, if applicable, is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value, if applicable, is the result of the capitalized discount on the loan.
[22] The investment includes an exit fee that is receivable upon repayment of the loan. See Note 2 “Significant Accounting Policies.”
[23] Credit Spread Adjustment (“CSA”).
[24] The interest rate on these securities is subject to 3 month SOFR, which as of September 30, 2025 was 3.98%.
[25] The investment has an unfunded commitment as of September 30, 2025 (see Note 8), and fair value includes the value of any unfunded commitments. The negative cost, if applicable, is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value, if applicable, is the result of the capitalized discount on the loan.
[26] This investment earns 0.50% commitment fee on all unused commitments as of March 31, 2026, and is recorded as a component of interest income on the Consolidated Statements of Operations.
[27] This investment earns 0.50% commitment fee on all unused commitments as of September 30, 2025, and is recorded as a component of interest income on the Consolidated Statements of Operations.
[28] The investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act, in whole, or in part. As of September 30, 2025, non-qualifying assets represented 14.70% of total assets.
[29] Control Investments are defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[30] This investment represents a Level 1 security in the ASC 820 table as of March 31, 2026 (see Note 4).
[31] Control Investments are defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[32] This investment represents a Level 1 security in the ASC 820 table as of September 30, 2025 (see Note 4).
[33] NSG Captive, Inc. owns 80% of National Security Group Holdings Inc.
[34] NSG Captive, Inc. owns approximately 86.7% of National Security Group Holdings Inc.
[35] The interest rate on these securities is subject to the quarterly Applicable Federal Rate, (“AFR”), which as of  March 31, 2026  was 3.54%.
[36] The investment was on non-accrual status as of March 31, 2026.
[37] The investment was on non-accrual status as of September 30, 2025.
[38] The interest rate on these securities is subject to 1 month SOFR, which as of September 30, 2025 was 4.13%.
[39] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 6.130% spread on 10/15/2026.
[40] This investment represents a Level 2 security in the ASC 820 table as of March 31, 2026 (see Note 4).
[41] This investment represents a Level 2 security in the ASC 820 table as of September 30, 2025 (see Note 4).
[42] The interest rate on these securities  is subject to 1 month SOFR, which as of March 31, 2026 was 3.66%.
[43] For this investment, the 8/1/2025 and 2/1/2026 interest payments are payment-in-kind (“PIK”).
[44] The interest rate on this preferred equity is fixed-to-floating and shifted to 3 month SOFR plus a CSA of 0.262% plus a 4.743% spread on 9/30/2025.
[45] The interest rate on this preferred equity is fixed-to-floating and shifted to 3 month SOFR plus a CSA of 0.262% plus a 4.743% spread on 9/30/2025.
[46] The interest rate on this preferred equity is 7.875%.
[47] The interest rate on this preferred equity is 7.875%.
[48] The interest rate on these securities is subject to 6 month SOFR, which as of March 31, 2026 was 3.70%.
[49] The interest rate on these securities is subject to 6 month SOFR, which as of September 30, 2025 was 3.85%.
[50] The investment is valued using NAV as a practical expedient.