v3.26.1
Derivatives
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Derivatives
The Company enters into foreign currency forward contracts to hedge against foreign currency exchange rate risk on its non-U.S. dollar denominated securities or to facilitate settlement of foreign currency denominated transactions. A foreign currency forward contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. These contracts are marked-to-market by recognizing the difference between the contract forward exchange rate and the forward market exchange rate on the last day of the period as unrealized appreciation or depreciation. When a foreign currency forward contract is closed, through either delivery or offset by entering into another foreign currency forward contract, the Company recognizes realized appreciation or depreciation equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Foreign currency forward contracts involve elements of market risk in excess of the amounts reflected on the Consolidated Statements of Assets and Liabilities. The Company’s primary risk related to hedging is the risk of an unfavorable change in the foreign exchange rate underlying the foreign currency forward contract.

The table below summarizes the aggregate notional amount and fair value of the derivative instruments. The notional amount, which is presented in local currency, represents the absolute value amount of the foreign exchange contracts in thousands:

June 30, 2026
AssetsLiabilities
NotionalFair ValueNotionalFair Value
Derivative Instruments
Foreign currency contracts (AUD)A$92,900 $13 A$185,800 $(831)
Foreign currency contracts (CNH)¥35,000 18 ¥2,303,200 (1,226)
Foreign currency contracts (EUR)€1,183,623 15,955 €2,367,245 (214)
Foreign currency contracts (GBP)£20,000 28 £35,200 (162)
Foreign currency contracts (INR)Rs7,466,500 87 Rs17,813,000 (2,008)
Foreign currency contracts (JPY)¥113,217,200 10,185 ¥56,608,600 (89)
Foreign currency contracts (KRW)₩9,476,000 48 ₩4,738,000 (2)
Foreign currency contracts (MYR)MYR54,000 200 MYR27,000 (10)
Foreign currency contracts (NOK)1,462,000 kr1,957 731,000 kr(11)
Foreign currency contracts (SEK)1,481,100 kr3,115 2,962,200 kr(25)
Foreign currency contracts (SGD)21,118 S$105 15,535 S$(1)
$31,711 $(4,579)