| Investment [Table Text Block] |
| Investment Type / Country | | Portfolio Company | | Sector | | Description | | Interest | | | | Fees (2) | | | Maturity (3) | | | Principal Amount | | | Participation % (4) | | | Amortized Cost | | | Fair Value | | | % of Net Assets | |
| Senior Secured Term Loans (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Ecuador | | Grupo Surpapel (5),(6), (14) | | Corrugated and Solid Fiber Boxes | | Sustainable Packaging Manufacturer | | 11.22% Cash / 2.2% PIK / 3% Default | | | | | 0.0 | % | | 6/18/2025 | | | $ | 5,966,448 | | | | 10 | % | | $ | 5,966,448 | | | $ | 2,727,088 | | | | 1.0 | % |
| Hong Kong | | Limas Commodities House Limited (5), (6), (12) | | Coal and Other Minerals and Ores | | Resource Trader | | | 11.50% | | | | | 0.0 | % | | 6/30/2023 | | | | 22,219,565 | | | | 100 | % | | | 22,219,565 | | | | 14,208,553 | | | | 5.2 | % |
| Indonesia | | PT Citra Labuantirta (5), (6), (8) | | Chocolate and Cocoa Products | | Cocoa Processor | | 8.0% Cash / 5.0% Redemption | | | | | 0.0 | % | | 12/31/2024 | | | | 15,000,000 | | | | 51 | % | | | 15,000,000 | | | | 10,910,350 | | | | 4.0 | % |
| Malaysia | | Vikudha Malaysia Sdn Bhd (5), (6), (12) | | Chemicals and Allied Products | | Wholesale Distributor | | | 12.00% | | | | | 0.0 | % | | 6/30/2023 | | | | 18,484,703 | | | | 67 | % | | | 18,484,703 | | | | 3,919,175 | | | | 1.4 | % |
| Mexico | | Blue Arrow Biojet Holdings, LLC (15) | | Refuse Systems | | Waste to Fuels Processor | | 20.0% PIK | | | | | 0.0 | % | | 9/30/2026 | | | | 78,074,055 | | | | 65 | % | | | 78,074,055 | | | | 78,074,055 | | | | 28.7 | % |
| Singapore | | Triton Metallics Pte Ltd. (5), (6), (15) | | Coal and Other Minerals and Ores | | Non-Ferrous Metal Trader | | 6.0% Cash/7.50% PIK | | | | | 0.0 | % | | 6/30/2026 | | | | 21,799,281 | | | | 100 | % | | | 21,799,281 | | | | 19,025,669 | | | | 7.0 | % |
| Total Senior Secured Term Loans | | | | | | | | | | | | | | | | | | | | | | | | 161,544,052 | | | | 128,864,890 | | | | 47.3 | % |
| Senior Secured Term Loan Participations (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Botswana | | Ecsponent Holdings Limited (5), (6), (12) | | Short-Term Business Credit | | SME Financier | | | 13.32% | | | | | 0.0 | % | | 8/18/2023 | | | | 5,601,000 | | | | 47 | % | | | 5,601,000 | | | | 1,777,308 | | | | 0.7 | % |
| Brazil | | Dock Brasil Engenharia E Servicos S.A. (5), (6), (14) | | Boatbuilding and Repairing | | Ship Maintenance & Repair Service Provider | | 14% Cash / 3% PIK | | | | | 0.0 | % | | 3/31/2026 | | | | 7,236,159 | | | | 42 | % | | | 7,236,159 | | | | 4,780,946 | | | | 1.8 | % |
| Cabo Verde | | TRG Cape Verde Holdings Ltd | | Hotels and Motels | | Hospitality Service Provider | | 10.0% Cash/3.5% PIK | | | | | 0.0 | % | | 12/31/2027 | | | | 8,041,074 | | | | 88 | % | | | 8,041,074 | | | | 7,728,053 | | | | 2.8 | % |
| Kenya | | Multiple ICD (Kenya) Limited (5), (6), (12) | | Freight Transportation Arrangement | | Freight and Cargo Transporter | | 12.35% Cash / 4.0% PIK | | | | | 0.0 | % | | 3/31/2023 | | | | 15,092,408 | | | | 30 | % | | | 15,092,408 | | | | 3,099,538 | | | | 1.1 | % |
| Namibia | | Trustco Group Holdings Ltd. (5), (6), (12) | | Land Subdividers and Developers | | Property Developer | | 8.50% Cash/4.0% PIK | | | | | 0.0 | % | | 8/15/2021 | | | | 18,717,631 | | | | 100 | % | | | 18,717,631 | | | | 18,473,849 | | | | 6.8 | % |
| Netherlands | | Cevher International B.V. Netherlands (6), (14) | | Motor Vehicle Parts and Accessories | | Wheel Manufacturer | | | 17.00% | | | | | 0.0 | % | | 8/28/2026 | | | | 6,679,690 | | | | 44 | % | | | 9,804,129 | | | | 9,987,459 | | | | 3.7 | % |
| Nigeria | | Maritime One Limited | | Towing and Tugboat Service | | Marine Logistics Provider | | | 3.00 | % | | | | 0.0 | % | | 10/31/2026 | | | | 605,951 | | | | 100 | % | | | 605,951 | | | | 520,357 | | | | 0.2 | % |
| Romania | | Lidas SRL (5), (6), (9), (13) | | Retail Bakeries | | Frozen Bakery Products Manufacturer | | 18.5% Cash | | | | | 0.0 | % | | 12/7/2024 | | | | 6,836,622 | | | | 41 | % | | | 7,136,229 | | | | 6,521,990 | | | | 2.4 | % |
| Uganda | | Agilis Partners Holding LLC (5), (15) | | Corn | | Grain Processor G | | 12.80% PIK | | | | | 0.0 | % | | 6/30/2026 | | | | 882,160 | | | | 49 | % | | | 882,160 | | | | 748,287 | | | | 0.3 | % |
| Uganda | | Agilis Partners (5), (15) | | Corn | | Grain Processor F | | 3.50% Cash/8.0% PIK | | | | | 0.0 | % | | 6/30/2026 | | | | 15,877,350 | | | | 57 | % | | | 15,877,350 | | | | 12,660,158 | | | | 4.7 | % |
| Total Senior Secured Term Loan Participations | | | | | | | | | | | | | | | | | | | | | | | | 88,994,091 | | | | 66,297,945 | | | | 24.5 | % |
| Senior Secured Trade Finance Participations (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Argentina | | Compania Argentina de Granos S.A. (5), (6), (16) | | Soybeans | | Agriculture Distributor | | | 0.00% | | | | | 0.0 | % | | 8/1/2039 | | | | 6,155,479 | | | | N/A | | | | 6,155,479 | | | | 5,944,929 | | | | 2.2 | % |
| Argentina | | Sancor Cooperativas Unidas Ltda (5), (6), (12) | | Dairy Farms | | Dairy Co-Operative | | | 10.67% | | | | | 0.0 | % | | 7/29/2019 | | | | 5,670,694 | | | | N/A | | | | 5,670,694 | | | | 3,919,677 | | | | 1.4 | % |
| Cameroon | | Producam SA (5), (6), (12) | | Chocolate and Cocoa Products | | Cocoa & Coffee Exporter | | | 9.50%, 6.0% | | (17) | | | 0.0 | % | | 12/31/2024 | | | | 16,077,863 | | | | 77 | % | | | 16,077,863 | | | | 12,603,957 | | | | 4.6 | % |
| Ecuador | | Worldwide Investments and Representations Winrep S.A. and Vannapack S.A. (5), (6), (12) | | Frozen Fish and Seafood | | Seafood Processing Company II | | | 11.75% | | | | | 0.0 | % | | 10/25/2023 | | | | 4,424,931 | | | | 59 | % | | | 4,424,931 | | | | 2,390,516 | | | | 0.9 | % |
| Total Senior Secured Trade Finance Participations | | | | | | | | | | | | | | | | | | | | | | | | 32,328,967 | | | | 24,859,079 | | | | 9.1 | % |
| Other Investments (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| N/A | | IIG TOF B.V. (5), (6), (13) | | Other | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 5,883,971 | | | | N/A | | | | 5,883,971 | | | | 3,124,260 | | | | 1.1 | % |
| Chile | | Itelecom Holding Chile SPA (5), (6), (13), (15) | | Electric Services | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 1,250,194 | | | | 100 | % | | | 1,250,194 | | | | 1,403,608 | | | | 0.5 | % |
| Argentina | | Algodonera Avellaneda S.A. (5), (6), (13) | | Cotton Ginning | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 4,935,048 | | | | N/A | | | | 4,935,048 | | | | 1,792,698 | | | | 0.7 | % |
| Argentina | | Frigorifico Regional Industrias Alimentarias, S.A., Sucursal Uruguay (5), (6), (13) | | Beef Cattle, Except Feedlots | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 6,499,323 | | | | N/A | | | | 6,499,323 | | | | 2,955,774 | | | | 1.1 | % |
| Nigeria | | Equity Participation in Cocoa Transaction A (5), (10) | | Other | | Profit sharing rights on cocoa distribution | | | N/A | | | | | 0.0 | % | | | N/A | | | | 1,452,415 | | | | N/A | | | | 1,452,415 | | | | 1,176,152 | | | | 0.4 | % |
| Brazil | | Usivale Industria E Commercio Ltda | | Other | | Installment under Judicial Recovery | | | N/A | | | | | 0.0 | % | | 12/15/2026 | | | | 200,000 | | | | 100 | % | | | 200,000 | | | | 103,015 | | | | 0.0 | % |
| Peru | | TriLinc Peru S.A.C. | | Other | | Real estate property | | | N/A | | | | | 0.0 | % | | | N/A | | | | 1,354,523 | | | | N/A | | | | 1,354,523 | | | | 1,261,346 | | | | 0.5 | % |
| Total other investments | | | | | | | | | | | | | | | | | | | | | | | | 21,575,474 | | | | 11,816,853 | | | | 4.3 | % |
| Convertible Notes (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Brazil | | Qintess Tecnologia e Participacoes Ltda, Series A (11) | | Computer Related Services | | IT Service Provider | | 3.94% PIK | | | | | 0.0 | % | | 2/11/2027 | | | | 384,605 | | | | 4 | % | | | 599,401 | | | | 670,424 | | | | 0.2 | % |
| Brazil | | Qintess Tecnologia e Participacoes Ltda, Series B (11) | | Computer Related Services | | IT Service Provider | | 12.0% PIK | | | | | 0.0 | % | | 8/11/2026 | | | | 31,232,395 | | | | 23 | % | | | 28,736,056 | | | | 30,136,450 | | | | 11.1 | % |
| Total convertible notes | | | | | | | | | | | | | | | | | | | | | | | | 29,335,457 | | | | 30,806,874 | | | | 11.3 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Equity Warrants | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Mexico | | Blue Arrow Biojet Holdings, LLC (7) | | Refuse Systems | | Waste to Fuels Processor | | | N/A | | | | | N/A | | | | N/A | | | | N/A | | | | N/A | | | | — | | | | — | | | | 0.0 | % |
| Total Investments | | | | | | | | | | | | | | | | | | | | | | | $ | 333,778,041 | | | $ | 262,645,641 | | | | 96.5 | % |
| Investment Type / Country | | Portfolio Company | | Sector | | Description | | Interest | | | | Fees (2) | | | Maturity (3) | | | Principal Amount | | | Participation % (4) | | | Amortized Cost | | | Fair Value | | | % of Net Assets | |
| Senior Secured Term Loans (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Ecuador | | Grupo Surpapel (5),(6), (14) | | Corrugated and Solid Fiber Boxes | | Sustainable Packaging Manufacturer | | 11.22% Cash / 2.2% PIK / 3% Default | | | | | 0.0 | % | | 6/18/2025 | | | $ | 5,966,448 | | | | 10 | % | | $ | 5,966,448 | | | $ | 2,520,135 | | | | 0.9 | % |
| Hong Kong | | Limas Commodities House Limited (5), (6), (12) | | Coal and Other Minerals and Ores | | Resource Trader | | | 11.50 | % | | | | 0.0 | % | | 6/30/2023 | | | | 22,219,565 | | | | 100 | % | | | 22,219,565 | | | | 14,551,857 | | | | 5.3 | % |
| Indonesia | | PT Citra Labuantirta (5), (6), (18) | | Chocolate and Cocoa Products | | Cocoa Processor | | 8.0% Cash / 5.0% Redemption | | | | | 0.0 | % | | 12/31/2024 | | | | 15,000,000 | | | | 51 | % | | | 15,000,000 | | | | 12,949,836 | | | | 4.7 | % |
| Malaysia | | Vikudha Malaysia Sdn Bhd (5), (6), (12) | | Chemicals and Allied Products | | Wholesale Distributor | | | 12.00 | % | | | | 0.0 | % | | 6/30/2023 | | | | 18,484,703 | | | | 67 | % | | | 18,484,703 | | | | 4,019,175 | | | | 1.5 | % |
| Mexico | | Blue Arrow Biojet Holdings, LLC (8) | | Refuse Systems | | Waste to Fuels Processor | | 20.0% PIK | | | | | 0.0 | % | | 3/31/2026 | | | | 70,740,611 | | | | 65 | % | | | 70,740,611 | | | | 70,740,611 | | | | 25.9 | % |
| Singapore | | Triton Metallics Pte Ltd. (5), (6), (15) | | Coal and Other Minerals and Ores | | Non-Ferrous Metal Trader | | 6.0% Cash/7.50% PIK | | | | | 0.0 | % | | 8/18/2025 | | | | 21,799,281 | | | | 100 | % | | | 21,799,281 | | | | 19,025,670 | | | | 7.0 | % |
| Total Senior Secured Term Loans | | | | | | | | | | | | | | | | | | | | | | | | 154,210,608 | | | | 123,807,284 | | | | 45.3 | % |
| Senior Secured Term Loan Participations (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Botswana | | Ecsponent Holdings Limited (5), (6), (12) | | Short-Term Business Credit | | SME Financier | | | 13.32 | % | | | | 0.0 | % | | 8/18/2023 | | | | 5,601,000 | | | | 47 | % | | | 5,601,000 | | | | 1,777,308 | | | | 0.7 | % |
| Brazil | | Dock Brasil Engenharia E Servicos S.A. (5), (6), (14) | | Boatbuilding and Repairing | | Ship Maintenance & Repair Service Provider | | 14% Cash / 3% PIK | | | | | 0.0 | % | | 12/31/2025 | | | | 8,079,450 | | | | 42 | % | | | 8,079,450 | | | | 5,520,952 | | | | 2.0 | % |
| Cabo Verde | | TRG Cape Verde Holdings Ltd | | Hotels and Motels | | Hospitality Service Provider | | 10.0% Cash/3.5% PIK | | | | | 0.0 | % | | 12/31/2027 | | | | 10,198,665 | | | | 88 | % | | | 10,198,665 | | | | 9,885,644 | | | | 3.6 | % |
| Kenya | | Multiple ICD (Kenya) Limited (5), (6), (12) | | Freight Transportation Arrangement | | Freight and Cargo Transporter | | 12.35% Cash / 4.0% PIK | | | | | 0.0 | % | | 3/31/2023 | | | | 15,092,408 | | | | 30 | % | | | 15,092,408 | | | | 3,099,538 | | | | 1.1 | % |
| Namibia | | Trustco Group Holdings Ltd. (5), (6), (12) | | Land Subdividers and Developers | | Property Developer | | 8.50% Cash/4.0% PIK | | | | | 0.0 | % | | 8/15/2021 | | | | 18,717,631 | | | | 100 | % | | | 18,717,631 | | | | 18,029,698 | | | | 6.6 | % |
| Netherlands | | Cevher International B.V. Netherlands (5), (6) | | Motor Vehicle Parts and Accessories | | Wheel Manufacturer | | | 0.00 | % | | | | 0.0 | % | | 2/28/2026 | | | | 8,020,009 | | | | 44 | % | | | 11,144,448 | | | | 11,036,073 | | | | 4.0 | % |
| Nigeria | | Maritime One Limited (5) | | Towing and Tugboat Service | | Marine Logistics Provider | | | 3.00 | % | | | | 0.0 | % | | 10/31/2026 | | | | 1,754,281 | | | | 100 | % | | | 1,754,281 | | | | 1,668,687 | | | | 0.6 | % |
| Romania | | Lidas SRL (5), (6), (9), (13) | | Retail Bakeries | | Frozen Bakery Products Manufacturer | | 18.5% Cash | | | | | 0.0 | % | | 12/7/2024 | | | | 6,836,622 | | | | 41 | % | | | 7,136,229 | | | | 6,982,214 | | | | 2.6 | % |
| Uganda | | Agilis Partners Holding LLC (5), (15) | | Corn | | Grain Processor G | | 12.80% PIK | | | | | 0.0 | % | | 6/30/2026 | | | | 828,540 | | | | 49 | % | | | 828,540 | | | | 694,668 | | | | 0.3 | % |
| Uganda | | Agilis Partners (5), (15) | | Corn | | Grain Processor F | | 3.50% Cash/8.0% PIK | | | | | 0.0 | % | | 6/30/2026 | | | | 15,361,873 | | | | 57 | % | | | 15,361,873 | | | | 12,676,945 | | | | 4.6 | % |
| Total Senior Secured Term Loan Participations | | | | | | | | | | | | | | | | | | | | | | | | 93,914,525 | | | | 71,371,727 | | | | 26.1 | % |
| Senior Secured Trade Finance Participations (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Argentina | | Compania Argentina de Granos S.A. (5), (6), (16) | | Soybeans | | Agriculture Distributor | | | 0.00 | % | | | | 0.0 | % | | 8/1/2039 | | | | 5,834,471 | | | | N/A | | | | 5,834,471 | | | | 6,040,979 | | | | 2.2 | % |
| Argentina | | Sancor Cooperativas Unidas Ltda (5), (6), (12) | | Dairy Farms | | Dairy Co-Operative | | | 10.67 | % | | | | 0.0 | % | | 7/29/2019 | | | | 5,670,694 | | | | N/A | | | | 5,670,694 | | | | 4,252,363 | | | | 1.6 | % |
| Cameroon | | Producam SA (5), (6), (12) | | Chocolate and Cocoa Products | | Cocoa & Coffee Exporter | | | 9.50%, 6.0% | | (17) | | | 0.0 | % | | 12/31/2024 | | | | 16,077,863 | | | | 77 | % | | | 16,077,863 | | | | 13,525,607 | | | | 5.0 | % |
| Ecuador | | Worldwide Investments and Representations Winrep S.A. and Vannapack S.A. (5), (6), (12) | | Frozen Fish and Seafood | | Seafood Processing Company II | | | 11.75 | % | | | | 0.0 | % | | 10/25/2023 | | | | 4,424,931 | | | | 59 | % | | | 4,424,931 | | | | 2,674,069 | | | | 1.0 | % |
| Total Senior Secured Trade Finance Participations | | | | | | | | | | | | | | | | | | | | | | | | 32,007,959 | | | | 26,493,018 | | | | 9.8 | % |
| Other Investments (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| N/A | | IIG TOF B.V. (5), (6), (13) | | Other | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 5,883,971 | | | | N/A | | | | 5,883,971 | | | | 3,124,260 | | | | 1.1 | % |
| Chile | | Itelecom Holding Chile SPA (5), (6), (13), (15) | | Electric Services | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 1,250,194 | | | | 100 | % | | | 1,250,194 | | | | 764,426 | | | | 0.3 | % |
| Argentina | | Algodonera Avellaneda S.A. (5), (6), (13) | | Cotton Ginning | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 4,935,048 | | | | N/A | | | | 4,935,048 | | | | 1,792,698 | | | | 0.7 | % |
| Argentina | | Frigorifico Regional Industrias Alimentarias, S.A., Sucursal Uruguay (5), (6), (13) | | Beef Cattle, Except Feedlots | | Claim in Bankruptcy | | | N/A | | | | | 0.0 | % | | | N/A | | | | 6,499,323 | | | | N/A | | | | 6,499,323 | | | | 2,955,774 | | | | 1.1 | % |
| Nigeria | | Equity Participation in Cocoa Transaction A (10) | | Other | | Profit sharing rights on cocoa distribution | | | N/A | | | | | 0.0 | % | | | N/A | | | | 1,526,561 | | | | N/A | | | | 1,526,561 | | | | 1,250,298 | | | | 0.5 | % |
| Brazil | | Usivale Industria E Commercio Ltda | | Other | | Installment under Judicial Recovery | | | N/A | | | | | 0.0 | % | | 12/15/2026 | | | | 400,000 | | | | 100 | % | | | 400,000 | | | | 303,015 | | | | 0.1 | % |
| Peru | | TriLinc Peru S.A.C. | | Other | | Real estate property | | | N/A | | | | | 0.0 | % | | | N/A | | | | 1,354,523 | | | | N/A | | | | 1,354,523 | | | | 1,261,346 | | | | 0.5 | % |
| Total other investments | | | | | | | | | | | | | | | | | | | | | | | | 21,849,620 | | | | 11,451,817 | | | | 4.3 | % |
| Convertible Notes (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Brazil | | Qintess Tecnologia e Participacoes Ltda, Series A (11) | | Computer Related Services | | IT Service Provider | | 3.94% PIK | | | | | 0.0 | % | | 2/11/2027 | | | | 377,010 | | | | 4 | % | | | 591,805 | | | | 662,828 | | | | 0.2 | % |
| Brazil | | Qintess Tecnologia e Participacoes Ltda, Series B (11) | | Computer Related Services | | IT Service Provider | | 12.0% PIK | | | | | 0.0 | % | | 8/11/2026 | | | | 29,525,587 | | | | 23 | % | | | 27,029,248 | | | | 28,429,643 | | | | 10.4 | % |
| Total convertible notes | | | | | | | | | | | | | | | | | | | | | | | | 27,621,053 | | | | 29,092,471 | | | | 10.6 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Equity Warrants | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Mexico | | Blue Arrow Biojet Holdings, LLC (7) | | Refuse Systems | | Waste to Fuels Processor | | | N/A | | | | | N/A | | | | N/A | | | | N/A | | | | N/A | | | | — | | | | — | | | | 0.0 | % |
| Total Investments | | | | | | | | | | | | | | | | | | | | | | | $ | 329,603,765 | | | $ | 262,216,317 | | | | 96.1 | % |
|