| Schedule of Investments Excluding Investments in Money Market Funds |
The Company’s investments (excluding investments in money market funds, if any) consisted of the following:
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March 31, 2026 |
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December 31, 2025 |
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Investment Type |
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Cost |
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Fair Value |
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Cost |
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Fair Value |
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1st Lien/Senior Secured Debt |
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$ |
3,096,064 |
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$ |
3,002,029 |
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$ |
3,088,308 |
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$ |
3,028,788 |
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1st Lien/Last-Out Unitranche |
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137,070 |
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130,886 |
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138,148 |
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135,156 |
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2nd Lien/Senior Secured Debt |
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51,353 |
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52,766 |
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50,613 |
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47,914 |
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Unsecured Debt |
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30,022 |
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8,521 |
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29,603 |
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8,476 |
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Preferred Stock |
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33,209 |
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20,124 |
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33,101 |
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26,426 |
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Common Stock |
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53,544 |
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14,153 |
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53,544 |
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14,714 |
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Warrants |
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1,849 |
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461 |
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1,849 |
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247 |
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Total |
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$ |
3,403,111 |
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$ |
3,228,940 |
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$ |
3,395,166 |
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$ |
3,261,721 |
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| Schedule of Investments as a Percentage of Fair Value and Net Assets |
The industry composition of the Company’s investments as a percentage of fair value and net assets was as follows:
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March 31, 2026 |
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December 31, 2025 |
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Industry |
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Fair Value |
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Net Assets |
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Fair Value |
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Net Assets |
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Software |
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17.4 |
% |
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40.8 |
% |
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17.6 |
% |
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40.2 |
% |
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Health Care Providers & Services |
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8.8 |
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20.7 |
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8.8 |
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20.2 |
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Health Care Technology |
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8.4 |
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19.9 |
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8.4 |
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19.3 |
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Financial Services |
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7.6 |
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17.9 |
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7.7 |
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17.6 |
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Commercial Services & Supplies |
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7.4 |
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17.5 |
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7.4 |
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16.9 |
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Professional Services |
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6.3 |
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14.8 |
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6.8 |
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15.6 |
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Diversified Consumer Services |
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6.2 |
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14.6 |
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6.1 |
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14.0 |
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Real Estate Mgmt. & Development |
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5.3 |
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12.5 |
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5.3 |
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12.0 |
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IT Services |
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4.5 |
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10.6 |
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4.4 |
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10.2 |
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Trading Companies & Distributors |
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3.7 |
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8.7 |
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3.2 |
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7.3 |
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Wireless Telecommunication Services |
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3.1 |
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7.3 |
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3.1 |
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7.2 |
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Health Care Equipment & Supplies |
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2.9 |
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6.9 |
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2.9 |
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6.7 |
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Independent Power and Renewable Electricity Producers |
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1.8 |
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4.2 |
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1.6 |
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3.7 |
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Entertainment |
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1.7 |
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4.0 |
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1.9 |
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4.3 |
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Containers & Packaging |
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1.7 |
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4.0 |
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1.7 |
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3.8 |
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Machinery |
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1.6 |
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3.8 |
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1.6 |
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3.7 |
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Food Products |
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1.2 |
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2.7 |
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1.0 |
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2.4 |
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Oil, Gas & Consumable Fuels |
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1.1 |
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2.7 |
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1.1 |
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2.6 |
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Construction & Engineering |
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1.0 |
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2.4 |
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1.0 |
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2.3 |
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Specialty Retail |
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0.8 |
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1.9 |
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0.8 |
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1.7 |
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Building Products |
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0.8 |
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1.8 |
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0.5 |
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1.0 |
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Textiles, Apparel & Luxury Goods |
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0.7 |
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1.8 |
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0.7 |
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1.7 |
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Interactive Media & Services |
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0.7 |
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1.6 |
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0.8 |
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1.9 |
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Chemicals |
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0.7 |
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1.6 |
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1.0 |
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2.3 |
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Aerospace & Defense |
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0.7 |
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1.6 |
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0.7 |
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1.5 |
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Broadline Retail |
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0.6 |
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1.5 |
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0.6 |
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1.3 |
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Beverages |
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0.6 |
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1.3 |
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0.6 |
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1.5 |
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Hotels, Restaurants & Leisure |
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0.5 |
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1.2 |
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0.5 |
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1.2 |
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Pharmaceuticals |
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0.5 |
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1.1 |
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0.5 |
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1.2 |
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Media |
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0.5 |
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1.1 |
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0.3 |
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0.7 |
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Air Freight & Logistics |
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0.4 |
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0.9 |
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0.4 |
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0.9 |
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Automobile Components |
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0.2 |
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0.5 |
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0.3 |
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0.6 |
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Energy Equipment & Services |
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0.2 |
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0.4 |
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0.2 |
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0.4 |
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Capital Markets |
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0.2 |
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0.4 |
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0.2 |
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0.4 |
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Leisure Products |
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0.1 |
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0.3 |
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0.1 |
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0.3 |
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Consumer Staples Distribution & Retail |
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0.1 |
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0.3 |
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0.1 |
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0.3 |
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Insurance |
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— |
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(1) |
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0.1 |
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— |
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(1) |
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0.1 |
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Electrical Equipment |
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— |
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(1) |
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0.1 |
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— |
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(1) |
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— |
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(1) |
Communications Equipment |
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— |
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(1) |
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0.1 |
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0.1 |
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0.1 |
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Household Products |
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— |
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(1) |
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0.1 |
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— |
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(1) |
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0.1 |
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Total |
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100.0 |
% |
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235.7 |
% |
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100.0 |
% |
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229.2 |
% |
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(1)Amount rounds to less than 0.1%.
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