Note 9. Financial Highlights The financial highlights for the three months ended March 31, 2026 and 2025 are as follows:
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Three Months Ended March 31, |
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2026 |
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2025 |
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Per Unit Data |
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Net asset value per unit, beginning of period |
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$ |
9.28 |
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$ |
9.68 |
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Net investment income (loss) A |
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0.28 |
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0.33 |
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Net realized and change in unrealized gain (loss) |
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(0.02 |
) |
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(0.13 |
) |
Net increase (decrease) in net assets resulting from operations |
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0.26 |
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0.20 |
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Distributions |
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(0.18 |
) |
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(0.19 |
) |
Net asset value per unit, end of period |
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$ |
9.36 |
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$ |
9.69 |
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Total return E |
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2.72 |
% |
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2.09 |
% |
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Three Months Ended March 31, |
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2026 |
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2025 |
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Ratios: |
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Net investment income (loss) to average net assets B |
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12.09 |
% |
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13.66 |
% |
Expenses to average net assets, before reductions B,C |
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9.79 |
% |
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9.96 |
% |
Expenses to average net assets, after reductions B,C |
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9.59 |
% |
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9.88 |
% |
Portfolio turnover rate D |
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6.78 |
% |
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1.84 |
% |
Supplemental Data: |
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Ratio of expenses to average net assets, before reductions,
excluding income and excise tax expense and interest expense B,C |
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1.96 |
% |
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1.85 |
% |
Ratio of expenses to average net assets, after reductions, excluding income and excise tax expense and interest expense B,C |
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1.77 |
% |
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1.77 |
% |
A. Calculated based on weighted average units outstanding during the period. B. Annualized. C. Expense ratios reflect operating expenses of the Fund. D. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities year to date divided by the average fair value of the portfolio securities, excluding short-term securities. E. Total returns of less than one year are not annualized. |