v3.26.1
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Composition of the Company's Portfolio at Cost by Investment Type and Industry - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment cost $ 976,354 $ 962,492 [1],[2],[3]
Investments at fair value $ 935,434 $ 942,796 [1],[3],[4],[5]
% of Net Assets 248.60% 237.60%
Non-controlled/Non-affiliated Investments    
Investment cost $ 969,165 $ 955,289
Investments at fair value $ 931,383 $ 936,374
% of Net Assets 247.50% 236.00%
Non-controlled/Affiliated Investments    
Investment cost $ 7,189 $ 7,203
Investments at fair value $ 4,051 $ 6,422
% of Net Assets 1.10% 1.60%
Aerospace & Defense | Non-controlled/Non-affiliated Investments    
Investment cost $ 14,470 [6] $ 9,098 [2]
Investments at fair value $ 14,509 [7],[8] $ 9,096 [4],[5]
% of Net Assets 3.90% 2.30%
Air Freight & Logistics | Non-controlled/Non-affiliated Investments    
Investment cost $ 16,019 [6] $ 15,924 [2]
Investments at fair value $ 12,694 [7],[8] $ 13,324 [4],[5]
% of Net Assets 3.40% 3.40%
Automobile Components | Non-controlled/Non-affiliated Investments    
Investment cost $ 15,703 [6] $ 12,457 [2]
Investments at fair value $ 15,598 [7],[8] $ 12,352 [4],[5]
% of Net Assets 4.10% 3.10%
Beverages | Non-controlled/Non-affiliated Investments    
Investment cost $ 3,883 [6] $ 3,702 [2]
Investments at fair value $ 3,919 [7],[8] $ 3,694 [4],[5]
% of Net Assets 1.00% 0.90%
Building Products | Non-controlled/Non-affiliated Investments    
Investment cost $ 4,115 [6] $ 13,549 [2]
Investments at fair value $ 4,151 [7],[8] $ 13,536 [4],[5]
% of Net Assets 1.10% 3.40%
Chemicals | Non-controlled/Non-affiliated Investments    
Investment cost $ 16,407 [6] $ 17,626 [2]
Investments at fair value $ 16,066 [7],[8] $ 17,277 [4],[5]
% of Net Assets 4.30% 4.40%
Commercial Services & Supplies | Non-controlled/Non-affiliated Investments    
Investment cost $ 59,682 [6] $ 47,472 [2]
Investments at fair value $ 55,651 [7],[8] $ 46,911 [4],[5]
% of Net Assets 14.80% 11.80%
Construction & Engineering | Non-controlled/Non-affiliated Investments    
Investment cost $ 27,979 [6] $ 39,796 [2]
Investments at fair value $ 25,995 [7],[8] $ 39,994 [4],[5]
% of Net Assets 6.90% 10.10%
Consumer Staples Distribution & Retail | Non-controlled/Non-affiliated Investments    
Investment cost $ 18,078 [6] $ 16,060 [2]
Investments at fair value $ 17,999 [7],[8] $ 15,907 [4],[5]
% of Net Assets 4.80% 4.00%
Containers & Packaging | Non-controlled/Non-affiliated Investments    
Investment cost $ 37,923 [6] $ 29,902 [2]
Investments at fair value $ 37,724 [7],[8] $ 29,999 [4],[5]
% of Net Assets 10.00% 7.60%
Diversified Consumer Services | Non-controlled/Non-affiliated Investments    
Investment cost $ 59,738 [6] $ 59,006 [2]
Investments at fair value $ 59,529 [7],[8] $ 58,955 [4],[5]
% of Net Assets 15.80% 14.90%
Electrical Equipment | Non-controlled/Non-affiliated Investments    
Investment cost $ 25,470 [6] $ 26,276 [2]
Investments at fair value $ 20,656 [7],[8] $ 23,475 [4],[5]
% of Net Assets 5.50% 5.90%
Electronic Equipment, Instruments & Components | Non-controlled/Non-affiliated Investments    
Investment cost $ 36,234 $ 32,097
Investments at fair value $ 35,926 $ 32,118
% of Net Assets 9.50% 8.10%
Entertainment | Non-controlled/Non-affiliated Investments    
Investment cost   $ 12,053
Investments at fair value   $ 11,994
% of Net Assets   3.00%
Financial Services | Non-controlled/Non-affiliated Investments    
Investment cost $ 34,541 $ 30,539
Investments at fair value $ 34,202 $ 30,328
% of Net Assets 9.10% 7.60%
Food Products | Non-controlled/Non-affiliated Investments    
Investment cost $ 30,979 [6] $ 30,699 [2]
Investments at fair value $ 30,572 [7],[8] $ 30,432 [4],[5]
% of Net Assets 8.10% 7.70%
Ground Transportation | Non-controlled/Non-affiliated Investments    
Investment cost $ 7,750 [6] $ 7,608 [2]
Investments at fair value $ 6,813 [7],[8] $ 7,526 [4],[5]
% of Net Assets 1.80% 1.90%
Health Care Equipment & Supplies | Non-controlled/Non-affiliated Investments    
Investment cost $ 42,872 [6] $ 44,544 [2]
Investments at fair value $ 42,523 [7],[8] $ 44,319 [4],[5]
% of Net Assets 11.30% 11.20%
Health Care Providers & Services | Non-controlled/Non-affiliated Investments    
Investment cost $ 133,026 [6] $ 132,047 [2]
Investments at fair value $ 127,004 [7],[8] $ 127,485 [4],[5]
% of Net Assets 33.70% 32.20%
Health Care Technology | Non-controlled/Non-affiliated Investments    
Investment cost $ 17,921 [6] $ 17,935 [2]
Investments at fair value $ 13,740 [7],[8] $ 14,384 [4],[5]
% of Net Assets 3.70% 3.60%
Hotels, Restaurants & Leisure    
Investment cost $ 30,444 [6] $ 32,779 [2]
Investments at fair value 25,181 [7],[8] 31,173 [4],[5]
Hotels, Restaurants & Leisure | Non-controlled/Non-affiliated Investments    
Investment cost 23,255 25,576
Investments at fair value $ 21,130 $ 24,751
% of Net Assets 5.60% 6.20%
Hotels, Restaurants & Leisure | Non-controlled/Affiliated Investments    
Investment cost $ 7,189 $ 7,203
Investments at fair value $ 4,051 $ 6,422
% of Net Assets 1.10% 1.60%
Insurance | Non-controlled/Non-affiliated Investments    
Investment cost $ 15,434 $ 15,484
Investments at fair value $ 15,495 $ 15,571
% of Net Assets 4.10% 3.90%
Household Products | Non-controlled/Non-affiliated Investments    
Investment cost $ 9,259 [6] $ 7,721
Investments at fair value $ 9,114 [7],[8] $ 7,740
% of Net Assets 2.40% 2.00%
IT Services | Non-controlled/Non-affiliated Investments    
Investment cost $ 19,361 [6] $ 19,439 [2]
Investments at fair value $ 18,042 [7],[8] $ 19,325 [4],[5]
% of Net Assets 4.80% 4.90%
Leisure Products | Non-controlled/Non-affiliated Investments    
Investment cost $ 12,984 [6] $ 12,970 [2]
Investments at fair value $ 12,599 [7],[8] $ 12,894 [4],[5]
% of Net Assets 3.30% 3.20%
Machinery | Non-controlled/Non-affiliated Investments    
Investment cost $ 36,101 [6] $ 33,018 [2]
Investments at fair value $ 35,999 [7],[8] $ 32,983 [4],[5]
% of Net Assets 9.60% 8.30%
Media | Non-controlled/Non-affiliated Investments    
Investment cost $ 28,042 [6] $ 26,824 [2]
Investments at fair value $ 27,573 [7],[8] $ 26,614 [4],[5]
% of Net Assets 7.30% 6.70%
Multi-Utilities | Non-controlled/Non-affiliated Investments    
Investment cost $ 16,138 [6] $ 15,983 [2]
Investments at fair value $ 12,790 [7],[8] $ 14,477 [4],[5]
% of Net Assets 3.40% 3.60%
Paper & Forest Products | Non-controlled/Non-affiliated Investments    
Investment cost $ 5,252 [6] $ 7,345 [2]
Investments at fair value $ 5,002 [7],[8] $ 7,294 [4],[5]
% of Net Assets 1.30% 1.80%
Personal Care Products | Non-controlled/Non-affiliated Investments    
Investment cost $ 34,293 [6] $ 34,814 [2]
Investments at fair value $ 33,560 [7],[8] $ 34,415 [4],[5]
% of Net Assets 8.90% 8.70%
Pharmaceuticals | Non-controlled/Non-affiliated Investments    
Investment cost $ 40,228 [6] $ 43,250 [2]
Investments at fair value $ 39,035 [7],[8] $ 42,607 [4],[5]
% of Net Assets 10.40% 10.70%
Professional Services | Non-controlled/Non-affiliated Investments    
Investment cost $ 26,067 [6] $ 26,136 [2]
Investments at fair value $ 25,988 [7],[8] $ 26,096 [4],[5]
% of Net Assets 6.90% 6.60%
Real Estate Management & Development | Non-controlled/Non-affiliated Investments    
Investment cost $ 2,930  
Investments at fair value $ 2,919  
% of Net Assets 0.80%  
Software | Non-controlled/Non-affiliated Investments    
Investment cost $ 40,143 [6] $ 42,942 [2]
Investments at fair value $ 39,914 [7],[8] $ 43,016 [4],[5]
% of Net Assets 10.60% 10.80%
Specialty Retail | Non-controlled/Non-affiliated Investments    
Investment cost $ 9,685 [6] $ 9,722 [2]
Investments at fair value $ 9,698 [7],[8] $ 9,737 [4],[5]
% of Net Assets 2.60% 2.50%
Trading Companies & Distributors | Non-controlled/Non-affiliated Investments    
Investment cost $ 25,836 [6] $ 23,883 [2]
Investments at fair value $ 25,880 [7],[8] $ 23,955 [4],[5]
% of Net Assets 7.00% 6.00%
Technology Hardware, Storage & Peripherals | Non-controlled/Non-affiliated Investments    
Investment cost $ 11,959  
Investments at fair value $ 11,975  
% of Net Assets 3.20%  
Transportation Infrastructure | Non-controlled/Non-affiliated Investments    
Investment cost [2]   $ 3,871
Investments at fair value [4],[5]   $ 3,916
% of Net Assets   1.00%
Wireless Telecommunication Services | Non-controlled/Non-affiliated Investments    
Investment cost $ 9,408 [6] $ 7,921 [2]
Investments at fair value $ 9,399 [7],[8] $ 7,877 [4],[5]
% of Net Assets 2.50% 2.00%
First Lien Secured Debt    
Investment cost $ 968,458 $ 954,701
Investments at fair value $ 934,825 $ 938,801
% of Net Assets 248.40% 236.60%
First Lien Secured Debt | Non-controlled/Non-affiliated Investments    
Investment cost $ 962,928 $ 949,157
Investments at fair value $ 930,774 $ 933,458
% of Net Assets 247.30% 235.30%
First Lien Secured Debt | Non-controlled/Affiliated Investments    
Investment cost $ 5,530 $ 5,544
Investments at fair value $ 4,051 $ 5,343
% of Net Assets 1.10% 1.30%
First Lien Secured Debt | Aerospace & Defense | Non-controlled/Non-affiliated Investments    
Investment cost $ 14,366 $ 8,999
Investments at fair value 14,379 8,998
First Lien Secured Debt | Air Freight & Logistics | Non-controlled/Non-affiliated Investments    
Investment cost 13,283 13,188
Investments at fair value 12,694 13,324
First Lien Secured Debt | Automobile Components | Non-controlled/Non-affiliated Investments    
Investment cost 15,669 12,423
Investments at fair value 15,583 12,334
First Lien Secured Debt | Beverages | Non-controlled/Non-affiliated Investments    
Investment cost 3,833 3,652
Investments at fair value 3,869 3,644
First Lien Secured Debt | Building Products | Non-controlled/Non-affiliated Investments    
Investment cost 4,115 13,549
Investments at fair value 4,151 13,536
First Lien Secured Debt | Chemicals | Non-controlled/Non-affiliated Investments    
Investment cost 16,407 17,626
Investments at fair value 16,066 17,277
First Lien Secured Debt | Commercial Services & Supplies | Non-controlled/Non-affiliated Investments    
Investment cost 56,868 44,657
Investments at fair value 55,651 44,467
First Lien Secured Debt | Construction & Engineering | Non-controlled/Non-affiliated Investments    
Investment cost 27,979 39,796
Investments at fair value 25,995 39,994
First Lien Secured Debt | Consumer Staples Distribution & Retail | Non-controlled/Non-affiliated Investments    
Investment cost 18,078 16,060
Investments at fair value 17,999 15,907
First Lien Secured Debt | Containers & Packaging | Non-controlled/Non-affiliated Investments    
Investment cost 37,923 29,902
Investments at fair value 37,724 29,999
First Lien Secured Debt | Diversified Consumer Services | Non-controlled/Non-affiliated Investments    
Investment cost 59,738 59,006
Investments at fair value 59,529 58,955
First Lien Secured Debt | Electrical Equipment | Non-controlled/Non-affiliated Investments    
Investment cost 25,470 26,276
Investments at fair value 20,656 23,475
First Lien Secured Debt | Electronic Equipment, Instruments & Components | Non-controlled/Non-affiliated Investments    
Investment cost 36,234 32,097
Investments at fair value 35,926 32,118
First Lien Secured Debt | Entertainment | Non-controlled/Non-affiliated Investments    
Investment cost   12,053
Investments at fair value   11,994
First Lien Secured Debt | Financial Services | Non-controlled/Non-affiliated Investments    
Investment cost 34,541 30,539
Investments at fair value 34,202 30,328
First Lien Secured Debt | Food Products | Non-controlled/Non-affiliated Investments    
Investment cost 30,879 30,599
Investments at fair value 30,474 30,332
First Lien Secured Debt | Ground Transportation | Non-controlled/Non-affiliated Investments    
Investment cost 7,750 7,608
Investments at fair value 6,813 7,526
First Lien Secured Debt | Health Care Equipment & Supplies | Non-controlled/Non-affiliated Investments    
Investment cost 42,872 44,544
Investments at fair value 42,523 44,319
First Lien Secured Debt | Health Care Providers & Services | Non-controlled/Non-affiliated Investments    
Investment cost 132,926 131,947
Investments at fair value 126,887 127,385
First Lien Secured Debt | Health Care Technology | Non-controlled/Non-affiliated Investments    
Investment cost 17,921 17,935
Investments at fair value 13,740 14,384
First Lien Secured Debt | Hotels, Restaurants & Leisure | Non-controlled/Non-affiliated Investments    
Investment cost 23,255 25,576
Investments at fair value 21,130 24,751
First Lien Secured Debt | Hotels, Restaurants & Leisure | Non-controlled/Affiliated Investments    
Investment cost 5,530 5,544
Investments at fair value 4,051 5,343
First Lien Secured Debt | Insurance | Non-controlled/Non-affiliated Investments    
Investment cost 15,434 15,484
Investments at fair value 15,495 15,571
First Lien Secured Debt | Household Products | Non-controlled/Non-affiliated Investments    
Investment cost 9,259 7,721
Investments at fair value 9,114 7,740
First Lien Secured Debt | IT Services | Non-controlled/Non-affiliated Investments    
Investment cost 19,361 19,439
Investments at fair value 18,042 19,325
First Lien Secured Debt | Leisure Products | Non-controlled/Non-affiliated Investments    
Investment cost 12,984 12,970
Investments at fair value 12,599 12,894
First Lien Secured Debt | Machinery | Non-controlled/Non-affiliated Investments    
Investment cost 36,101 33,018
Investments at fair value 35,999 32,983
First Lien Secured Debt | Media | Non-controlled/Non-affiliated Investments    
Investment cost 28,042 26,824
Investments at fair value 27,573 26,614
First Lien Secured Debt | Multi-Utilities | Non-controlled/Non-affiliated Investments    
Investment cost 16,138 15,983
Investments at fair value 12,790 14,477
First Lien Secured Debt | Paper & Forest Products | Non-controlled/Non-affiliated Investments    
Investment cost 5,252 7,345
Investments at fair value 5,002 7,294
First Lien Secured Debt | Personal Care Products | Non-controlled/Non-affiliated Investments    
Investment cost 34,293 34,814
Investments at fair value 33,560 34,415
First Lien Secured Debt | Pharmaceuticals | Non-controlled/Non-affiliated Investments    
Investment cost 40,059 43,082
Investments at fair value 39,002 42,554
First Lien Secured Debt | Professional Services | Non-controlled/Non-affiliated Investments    
Investment cost 26,067 26,136
Investments at fair value 25,988 26,096
First Lien Secured Debt | Real Estate Management & Development | Non-controlled/Non-affiliated Investments    
Investment cost 2,830  
Investments at fair value 2,819  
First Lien Secured Debt | Software | Non-controlled/Non-affiliated Investments    
Investment cost 40,143 42,942
Investments at fair value 39,914 43,016
First Lien Secured Debt | Specialty Retail | Non-controlled/Non-affiliated Investments    
Investment cost 9,685 9,722
Investments at fair value 9,698 9,737
First Lien Secured Debt | Trading Companies & Distributors | Non-controlled/Non-affiliated Investments    
Investment cost 25,806 23,853
Investments at fair value 25,814 23,902
First Lien Secured Debt | Technology Hardware, Storage & Peripherals | Non-controlled/Non-affiliated Investments    
Investment cost 11,959  
Investments at fair value 11,975  
First Lien Secured Debt | Transportation Infrastructure | Non-controlled/Non-affiliated Investments    
Investment cost   3,871
Investments at fair value   3,916
First Lien Secured Debt | Wireless Telecommunication Services | Non-controlled/Non-affiliated Investments    
Investment cost 9,408 7,921
Investments at fair value 9,399 7,877
Unsecured Debt    
Investment cost 19 19
Investments at fair value $ 0 $ 0
% of Net Assets 0.00% 0.00%
Unsecured Debt | Non-controlled/Non-affiliated Investments    
Investment cost $ 19 $ 19
Investments at fair value $ 0 $ 0
% of Net Assets   0.00%
Unsecured Debt | Non-controlled/Affiliated Investments    
% of Net Assets 0.00% 0.00%
Unsecured Debt | Pharmaceuticals | Non-controlled/Non-affiliated Investments    
Investment cost $ 19 $ 19
Common Equity    
Investment cost 7,877 7,772
Investments at fair value $ 609 $ 3,995
% of Net Assets 0.20% 1.00%
Common Equity | Non-controlled/Non-affiliated Investments    
Investment cost $ 6,218 $ 6,113
Investments at fair value $ 609 $ 2,916
% of Net Assets 0.20% 0.70%
Common Equity | Non-controlled/Affiliated Investments    
Investment cost $ 1,659 $ 1,659
Investments at fair value $ 0 $ 1,079
% of Net Assets 0.00% 0.30%
Common Equity | Aerospace & Defense | Non-controlled/Non-affiliated Investments    
Investment cost $ 104 $ 99
Investments at fair value 130 98
Common Equity | Air Freight & Logistics | Non-controlled/Non-affiliated Investments    
Investment cost 2,736 2,736
Investments at fair value 0 0
Common Equity | Automobile Components | Non-controlled/Non-affiliated Investments    
Investment cost 34 34
Investments at fair value 15 18
Common Equity | Beverages | Non-controlled/Non-affiliated Investments    
Investment cost 50 50
Investments at fair value 50 50
Common Equity | Commercial Services & Supplies | Non-controlled/Non-affiliated Investments    
Investment cost 2,814 2,815
Investments at fair value 0 2,444
Common Equity | Food Products | Non-controlled/Non-affiliated Investments    
Investment cost 100 100
Investments at fair value 98 100
Common Equity | Health Care Providers & Services | Non-controlled/Non-affiliated Investments    
Investment cost 100 100
Investments at fair value 117 100
Common Equity | Hotels, Restaurants & Leisure | Non-controlled/Affiliated Investments    
Investment cost 1,659 1,659
Investments at fair value 0 1,079
Common Equity | Pharmaceuticals | Non-controlled/Non-affiliated Investments    
Investment cost 150 149
Investments at fair value 33 53
Common Equity | Real Estate Management & Development | Non-controlled/Non-affiliated Investments    
Investment cost 100  
Investments at fair value 100  
Common Equity | Trading Companies & Distributors | Non-controlled/Non-affiliated Investments    
Investment cost 30 30
Investments at fair value $ 66 $ 53
[1] Currently there are no differences for federal income tax purposes as it relates to unrealized gain and loss.
[2] The following shows the composition of the Company’s portfolio at cost by investment type and industry as of December 31, 2025:

 

Industry

 

 

First Lien - Secured Debt

 

 

Unsecured Debt

 

Common Equity

 

 

Total

 

Non-Controlled / Non-Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense

 

 

$

 

8,999

 

 

$

 

—

 

$

 

99

 

 

$

 

9,098

 

Air Freight & Logistics

 

 

 

 

13,188

 

 

 

 

—

 

 

 

2,736

 

 

 

 

15,924

 

Automobile Components

 

 

 

 

12,423

 

 

 

 

—

 

 

 

34

 

 

 

 

12,457

 

Beverages

 

 

 

 

3,652

 

 

 

 

—

 

 

 

50

 

 

 

 

3,702

 

Building Products

 

 

 

 

13,549

 

 

 

 

—

 

 

 

—

 

 

 

 

13,549

 

Chemicals

 

 

 

 

17,626

 

 

 

 

—

 

 

 

—

 

 

 

 

17,626

 

Commercial Services & Supplies

 

 

 

 

44,657

 

 

 

 

—

 

 

 

2,815

 

 

 

 

47,472

 

Construction & Engineering

 

 

 

 

39,796

 

 

 

 

—

 

 

 

—

 

 

 

 

39,796

 

Consumer Staples Distribution & Retail

 

 

 

 

16,060

 

 

 

 

—

 

 

 

—

 

 

 

 

16,060

 

Containers & Packaging

 

 

 

 

29,902

 

 

 

 

—

 

 

 

—

 

 

 

 

29,902

 

Diversified Consumer Services

 

 

 

 

59,006

 

 

 

 

—

 

 

 

—

 

 

 

 

59,006

 

Electrical Equipment

 

 

 

 

26,276

 

 

 

 

—

 

 

 

—

 

 

 

 

26,276

 

Electronic Equipment, Instruments & Components

 

 

 

 

32,097

 

 

 

 

—

 

 

 

—

 

 

 

 

32,097

 

Entertainment

 

 

 

 

12,053

 

 

 

 

—

 

 

 

—

 

 

 

 

12,053

 

Financial Services

 

 

 

 

30,539

 

 

 

 

—

 

 

 

—

 

 

 

 

30,539

 

Food Products

 

 

 

 

30,599

 

 

 

 

—

 

 

 

100

 

 

 

 

30,699

 

Ground Transportation

 

 

 

 

7,608

 

 

 

 

—

 

 

 

—

 

 

 

 

7,608

 

Health Care Equipment & Supplies

 

 

 

 

44,544

 

 

 

 

—

 

 

 

—

 

 

 

 

44,544

 

Health Care Providers & Services

 

 

 

 

131,947

 

 

 

 

—

 

 

 

100

 

 

 

 

132,047

 

Health Care Technology

 

 

 

 

17,935

 

 

 

 

—

 

 

 

—

 

 

 

 

17,935

 

Hotels, Restaurants & Leisure

 

 

 

 

25,576

 

 

 

 

—

 

 

 

—

 

 

 

 

25,576

 

Household Products

 

 

 

 

7,721

 

 

 

 

—

 

 

 

—

 

 

 

 

7,721

 

Insurance

 

 

 

 

15,484

 

 

 

 

—

 

 

 

—

 

 

 

 

15,484

 

IT Services

 

 

 

 

19,439

 

 

 

 

—

 

 

 

—

 

 

 

 

19,439

 

Leisure Products

 

 

 

 

12,970

 

 

 

 

—

 

 

 

—

 

 

 

 

12,970

 

Machinery

 

 

 

 

33,018

 

 

 

 

—

 

 

 

—

 

 

 

 

33,018

 

Media

 

 

 

 

26,824

 

 

 

 

—

 

 

 

—

 

 

 

 

26,824

 

Multi-Utilities

 

 

 

 

15,983

 

 

 

 

—

 

 

 

—

 

 

 

 

15,983

 

Paper & Forest Products

 

 

 

 

7,345

 

 

 

 

—

 

 

 

—

 

 

 

 

7,345

 

Personal Care Products

 

 

 

 

34,814

 

 

 

 

—

 

 

 

—

 

 

 

 

34,814

 

Pharmaceuticals

 

 

 

 

43,082

 

 

 

 

19

 

 

 

149

 

 

 

 

43,250

 

Professional Services

 

 

 

 

26,136

 

 

 

 

—

 

 

 

—

 

 

 

 

26,136

 

Software

 

 

 

 

42,942

 

 

 

 

—

 

 

 

—

 

 

 

 

42,942

 

Specialty Retail

 

 

 

 

9,722

 

 

 

 

—

 

 

 

—

 

 

 

 

9,722

 

Trading Companies & Distributors

 

 

 

 

23,853

 

 

 

 

—

 

 

 

30

 

 

 

 

23,883

 

Transportation Infrastructure

 

 

 

 

3,871

 

 

 

 

—

 

 

 

—

 

 

 

 

3,871

 

Wireless Telecommunication Services

 

 

 

 

7,921

 

 

 

 

—

 

 

 

—

 

 

 

 

7,921

 

Total Non-Controlled / Non-Affiliated Investments

 

 

$

 

949,157

 

 

$

 

19

 

$

 

6,113

 

 

$

 

955,289

 

Non-Controlled / Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure

 

 

 

 

5,544

 

 

 

 

—

 

 

 

1,659

 

 

 

 

7,203

 

Total Non-Controlled / Affiliated Investments

 

 

$

 

5,544

 

 

$

 

—

 

$

 

1,659

 

 

$

 

7,203

 

Total

 

 

$

 

954,701

 

 

$

 

19

 

$

 

7,772

 

 

$

 

962,492

 

 

 

 
[3] Unless otherwise indicated, all securities are pledged as collateral to our credit facility (the “AP Leaf Secured Credit Facility” as defined in Note 5 to the financial statements). As such, these securities are not available as collateral to our general creditors.
[4] Fair value is determined in good faith subject to the oversight of the board of trustees of the Company (the "Board") (see Note 2 to the consolidated financial statements).
[5] The following shows the composition of the Company’s portfolio at fair value by investment type, industry and region as of December 31, 2025:

 

Industry

 

 

First Lien - Secured Debt

 

 

Unsecured Debt

 

 

Common Equity

 

 

Total

 

 

% of Net Assets

 

Non-Controlled / Non-Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense

 

 

$

 

8,998

 

 

$

 

—

 

 

$

 

98

 

 

$

 

9,096

 

 

 

2.3

%

Air Freight & Logistics

 

 

 

 

13,324

 

 

 

 

—

 

 

 

 

—

 

 

 

 

13,324

 

 

 

3.4

%

Automobile Components

 

 

 

 

12,334

 

 

 

 

—

 

 

 

 

18

 

 

 

 

12,352

 

 

 

3.1

%

Beverages

 

 

 

 

3,644

 

 

 

 

—

 

 

 

 

50

 

 

 

 

3,694

 

 

 

0.9

%

Building Products

 

 

 

 

13,536

 

 

 

 

—

 

 

 

 

—

 

 

 

 

13,536

 

 

 

3.4

%

Chemicals

 

 

 

 

17,277

 

 

 

 

—

 

 

 

 

—

 

 

 

 

17,277

 

 

 

4.4

%

Commercial Services & Supplies

 

 

 

 

44,467

 

 

 

 

—

 

 

 

 

2,444

 

 

 

 

46,911

 

 

 

11.8

%

Construction & Engineering

 

 

 

 

39,994

 

 

 

 

—

 

 

 

 

—

 

 

 

 

39,994

 

 

 

10.1

%

Consumer Staples Distribution & Retail

 

 

 

 

15,907

 

 

 

 

—

 

 

 

 

—

 

 

 

 

15,907

 

 

 

4.0

%

Containers & Packaging

 

 

 

 

29,999

 

 

 

 

—

 

 

 

 

—

 

 

 

 

29,999

 

 

 

7.6

%

Diversified Consumer Services

 

 

 

 

58,955

 

 

 

 

—

 

 

 

 

—

 

 

 

 

58,955

 

 

 

14.9

%

Electrical Equipment

 

 

 

 

23,475

 

 

 

 

—

 

 

 

 

—

 

 

 

 

23,475

 

 

 

5.9

%

Electronic Equipment, Instruments & Components

 

 

 

 

32,118

 

 

 

 

—

 

 

 

 

—

 

 

 

 

32,118

 

 

 

8.1

%

Entertainment

 

 

 

 

11,994

 

 

 

 

—

 

 

 

 

—

 

 

 

 

11,994

 

 

 

3.0

%

Financial Services

 

 

 

 

30,328

 

 

 

 

—

 

 

 

 

—

 

 

 

 

30,328

 

 

 

7.6

%

Food Products

 

 

 

 

30,332

 

 

 

 

—

 

 

 

 

100

 

 

 

 

30,432

 

 

 

7.7

%

Ground Transportation

 

 

 

 

7,526

 

 

 

 

—

 

 

 

 

—

 

 

 

 

7,526

 

 

 

1.9

%

Health Care Equipment & Supplies

 

 

 

 

44,319

 

 

 

 

—

 

 

 

 

—

 

 

 

 

44,319

 

 

 

11.2

%

Health Care Providers & Services

 

 

 

 

127,385

 

 

 

 

—

 

 

 

 

100

 

 

 

 

127,485

 

 

 

32.2

%

Health Care Technology

 

 

 

 

14,384

 

 

 

 

—

 

 

 

 

—

 

 

 

 

14,384

 

 

 

3.6

%

Hotels, Restaurants & Leisure

 

 

 

 

24,751

 

 

 

 

—

 

 

 

 

—

 

 

 

 

24,751

 

 

 

6.2

%

Household Products

 

 

 

 

7,740

 

 

 

 

—

 

 

 

 

—

 

 

 

 

7,740

 

 

 

2.0

%

Insurance

 

 

 

 

15,571

 

 

 

 

—

 

 

 

 

—

 

 

 

 

15,571

 

 

 

3.9

%

IT Services

 

 

 

 

19,325

 

 

 

 

—

 

 

 

 

—

 

 

 

 

19,325

 

 

 

4.9

%

Leisure Products

 

 

 

 

12,894

 

 

 

 

—

 

 

 

 

—

 

 

 

 

12,894

 

 

 

3.2

%

Machinery

 

 

 

 

32,983

 

 

 

 

—

 

 

 

 

—

 

 

 

 

32,983

 

 

 

8.3

%

Media

 

 

 

 

26,614

 

 

 

 

—

 

 

 

 

—

 

 

 

 

26,614

 

 

 

6.7

%

Multi-Utilities

 

 

 

 

14,477

 

 

 

 

—

 

 

 

 

—

 

 

 

 

14,477

 

 

 

3.6

%

Paper & Forest Products

 

 

 

 

7,294

 

 

 

 

—

 

 

 

 

—

 

 

 

 

7,294

 

 

 

1.8

%

Personal Care Products

 

 

 

 

34,415

 

 

 

 

—

 

 

 

 

—

 

 

 

 

34,415

 

 

 

8.7

%

Pharmaceuticals

 

 

 

 

42,554

 

 

 

 

—

 

 

 

 

53

 

 

 

 

42,607

 

 

 

10.7

%

Professional Services

 

 

 

 

26,096

 

 

 

 

—

 

 

 

 

—

 

 

 

 

26,096

 

 

 

6.6

%

Software

 

 

 

 

43,016

 

 

 

 

—

 

 

 

 

—

 

 

 

 

43,016

 

 

 

10.8

%

Specialty Retail

 

 

 

 

9,737

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,737

 

 

 

2.5

%

Trading Companies & Distributors

 

 

 

 

23,902

 

 

 

 

—

 

 

 

 

53

 

 

 

 

23,955

 

 

 

6.0

%

Transportation Infrastructure

 

 

 

 

3,916

 

 

 

 

—

 

 

 

 

—

 

 

 

 

3,916

 

 

 

1.0

%

Wireless Telecommunication Services

 

 

 

 

7,877

 

 

 

 

—

 

 

 

 

—

 

 

 

 

7,877

 

 

 

2.0

%

Total Non-Controlled / Non-Affiliated Investments

 

 

$

 

933,458

 

 

$

 

—

 

 

$

 

2,916

 

 

$

 

936,374

 

 

 

236.0

%

% of Net Assets

 

 

 

 

235.3

%

 

 

 

0.0

%

 

 

 

0.7

%

 

 

 

236.0

%

 

 

 

Non-Controlled / Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure

 

 

 

 

5,343

 

 

 

 

—

 

 

 

 

1,079

 

 

 

 

6,422

 

 

 

1.6

%

Total Non-Controlled / Affiliated Investments

 

 

$

 

5,343

 

 

$

 

—

 

 

$

 

1,079

 

 

$

 

6,422

 

 

 

1.6

%

% of Net Assets

 

 

 

 

1.3

%

 

 

 

0.0

%

 

 

 

0.3

%

 

 

 

1.6

%

 

 

 

Total

 

 

$

 

938,801

 

 

$

 

—

 

 

$

 

3,995

 

 

$

 

942,796

 

 

 

237.6

%

% of Net Assets

 

 

 

 

236.6

%

 

 

 

0.0

%

 

 

 

1.0

%

 

 

 

237.6

%

 

 

 

 

Industry Classification

Percentage of Total
Investments (at Fair Value)
as of December 31, 2025

 

Health Care Providers & Services

 

13.5

%

Diversified Consumer Services

 

6.3

%

Commercial Services & Supplies

 

5.0

%

Health Care Equipment & Supplies

 

4.7

%

Software

 

4.6

%

Pharmaceuticals

 

4.5

%

Construction & Engineering

 

4.2

%

Personal Care Products

 

3.7

%

Machinery

 

3.5

%

Electronic Equipment, Instruments & Components

 

3.4

%

Hotels, Restaurants & Leisure

 

3.3

%

Food Products

 

3.2

%

Financial Services

 

3.2

%

Containers & Packaging

 

3.2

%

Media

 

2.8

%

Professional Services

 

2.8

%

Trading Companies & Distributors

 

2.5

%

Electrical Equipment

 

2.5

%

IT Services

 

2.0

%

Chemicals

 

1.8

%

Consumer Staples Distribution & Retail

 

1.7

%

Insurance

 

1.7

%

Multi-Utilities

 

1.5

%

Health Care Technology

 

1.5

%

Building Products

 

1.4

%

Air Freight & Logistics

 

1.4

%

Leisure Products

 

1.4

%

Automobile Components

 

1.3

%

Entertainment

 

1.3

%

Specialty Retail

 

1.0

%

Aerospace & Defense

 

1.0

%

Wireless Telecommunication Services

 

0.8

%

Household Products

 

0.8

%

Ground Transportation

 

0.8

%

Paper & Forest Products

 

0.8

%

Transportation Infrastructure

 

0.4

%

Beverages

 

0.4

%

 

 

100.0

%

 

Geographic Region

December 31, 2025

 

United States

 

94.6

%

United Kingdom

 

2.7

%

Canada

 

2.3

%

Luxembourg

 

0.4

%
[6] The following shows the composition of the Company’s portfolio at cost by investment type and industry as of June 30, 2026:

 

Industry

 

 

First Lien - Secured Debt

 

 

Unsecured Debt

 

 

Common Equity

 

 

Total

 

Non-Controlled / Non-Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense

 

 

$

 

14,366

 

 

$

 

—

 

 

$

 

104

 

 

$

 

14,470

 

Air Freight & Logistics

 

 

 

 

13,283

 

 

 

 

—

 

 

 

 

2,736

 

 

 

 

16,019

 

Automobile Components

 

 

 

 

15,669

 

 

 

 

—

 

 

 

 

34

 

 

 

 

15,703

 

Beverages

 

 

 

 

3,833

 

 

 

 

—

 

 

 

 

50

 

 

 

 

3,883

 

Building Products

 

 

 

 

4,115

 

 

 

 

—

 

 

 

 

—

 

 

 

 

4,115

 

Chemicals

 

 

 

 

16,407

 

 

 

 

—

 

 

 

 

—

 

 

 

 

16,407

 

Commercial Services & Supplies

 

 

 

 

56,868

 

 

 

 

—

 

 

 

 

2,814

 

 

 

 

59,682

 

Construction & Engineering

 

 

 

 

27,979

 

 

 

 

—

 

 

 

 

—

 

 

 

 

27,979

 

Consumer Staples Distribution & Retail

 

 

 

 

18,078

 

 

 

 

—

 

 

 

 

—

 

 

 

 

18,078

 

Containers & Packaging

 

 

 

 

37,923

 

 

 

 

—

 

 

 

 

—

 

 

 

 

37,923

 

Diversified Consumer Services

 

 

 

 

59,738

 

 

 

 

—

 

 

 

 

—

 

 

 

 

59,738

 

Electrical Equipment

 

 

 

 

25,470

 

 

 

 

—

 

 

 

 

—

 

 

 

 

25,470

 

Electronic Equipment, Instruments & Components

 

 

 

 

36,234

 

 

 

 

—

 

 

 

 

—

 

 

 

 

36,234

 

Financial Services

 

 

 

 

34,541

 

 

 

 

—

 

 

 

 

—

 

 

 

 

34,541

 

Food Products

 

 

 

 

30,879

 

 

 

 

—

 

 

 

 

100

 

 

 

 

30,979

 

Ground Transportation

 

 

 

 

7,750

 

 

 

 

—

 

 

 

 

—

 

 

 

 

7,750

 

Health Care Equipment & Supplies

 

 

 

 

42,872

 

 

 

 

—

 

 

 

 

—

 

 

 

 

42,872

 

Health Care Providers & Services

 

 

 

 

132,926

 

 

 

 

—

 

 

 

 

100

 

 

 

 

133,026

 

Health Care Technology

 

 

 

 

17,921

 

 

 

 

—

 

 

 

 

—

 

 

 

 

17,921

 

Hotels, Restaurants & Leisure

 

 

 

 

23,255

 

 

 

 

—

 

 

 

 

—

 

 

 

 

23,255

 

Household Products

 

 

 

 

9,259

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,259

 

Insurance

 

 

 

 

15,434

 

 

 

 

—

 

 

 

 

—

 

 

 

 

15,434

 

IT Services

 

 

 

 

19,361

 

 

 

 

—

 

 

 

 

—

 

 

 

 

19,361

 

Leisure Products

 

 

 

 

12,984

 

 

 

 

—

 

 

 

 

—

 

 

 

 

12,984

 

Machinery

 

 

 

 

36,101

 

 

 

 

—

 

 

 

 

—

 

 

 

 

36,101

 

Media

 

 

 

 

28,042

 

 

 

 

—

 

 

 

 

—

 

 

 

 

28,042

 

Multi-Utilities

 

 

 

 

16,138

 

 

 

 

—

 

 

 

 

—

 

 

 

 

16,138

 

Paper & Forest Products

 

 

 

 

5,252

 

 

 

 

—

 

 

 

 

—

 

 

 

 

5,252

 

Personal Care Products

 

 

 

 

34,293

 

 

 

 

—

 

 

 

 

—

 

 

 

 

34,293

 

Pharmaceuticals

 

 

 

 

40,059

 

 

 

 

19

 

 

 

 

150

 

 

 

 

40,228

 

Professional Services

 

 

 

 

26,067

 

 

 

 

—

 

 

 

 

—

 

 

 

 

26,067

 

Real Estate Management & Development

 

 

 

 

2,830

 

 

 

 

—

 

 

 

 

100

 

 

 

 

2,930

 

Software

 

 

 

 

40,143

 

 

 

 

—

 

 

 

 

—

 

 

 

 

40,143

 

Specialty Retail

 

 

 

 

9,685

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,685

 

Technology Hardware, Storage & Peripherals

 

 

 

 

11,959

 

 

 

 

—

 

 

 

 

—

 

 

 

 

11,959

 

Trading Companies & Distributors

 

 

 

 

25,806

 

 

 

 

—

 

 

 

 

30

 

 

 

 

25,836

 

Wireless Telecommunication Services

 

 

 

 

9,408

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,408

 

Total Non-Controlled / Non-Affiliated Investments

 

$

 

962,928

 

 

$

 

19

 

 

$

 

6,218

 

 

$

 

969,165

 

Non-Controlled / Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure

 

 

 

 

5,530

 

 

 

 

—

 

 

 

 

1,659

 

 

 

 

7,189

 

Total Non-Controlled / Affiliated Investments

 

$

 

5,530

 

 

$

 

—

 

 

$

 

1,659

 

 

$

 

7,189

 

Total

 

 

$

 

968,458

 

 

$

 

19

 

 

$

 

7,877

 

 

$

 

976,354

 
[7] Apollo Credit Management, LLC, as "valuation designee" (the "Adviser") is responsible for determining fair value, subject to the oversight of the Board of Trustees of the Company (the "Board") (see Note 2 to the consolidated financial statements).
[8] The following shows the composition of the Company’s portfolio at fair value by investment type, industry and region as of June 30, 2026:

 

Industry

 

 

First Lien - Secured Debt

 

 

Unsecured Debt

 

 

Common Equity

 

 

Total

 

 

% of Net Assets

 

Non-Controlled / Non-Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense

 

 

$

 

14,379

 

 

$

 

—

 

 

$

 

130

 

 

$

 

14,509

 

 

 

3.9

%

Air Freight & Logistics

 

 

 

 

12,694

 

 

 

 

—

 

 

 

 

—

 

 

 

 

12,694

 

 

 

3.4

%

Automobile Components

 

 

 

 

15,583

 

 

 

 

—

 

 

 

 

15

 

 

 

 

15,598

 

 

 

4.1

%

Beverages

 

 

 

 

3,869

 

 

 

 

—

 

 

 

 

50

 

 

 

 

3,919

 

 

 

1.0

%

Building Products

 

 

 

 

4,151

 

 

 

 

—

 

 

 

 

—

 

 

 

 

4,151

 

 

 

1.1

%

Chemicals

 

 

 

 

16,066

 

 

 

 

—

 

 

 

 

—

 

 

 

 

16,066

 

 

 

4.3

%

Commercial Services & Supplies

 

 

 

 

55,651

 

 

 

 

—

 

 

 

 

—

 

 

 

 

55,651

 

 

 

14.8

%

Construction & Engineering

 

 

 

 

25,995

 

 

 

 

—

 

 

 

 

—

 

 

 

 

25,995

 

 

 

6.9

%

Consumer Staples Distribution & Retail

 

 

 

 

17,999

 

 

 

 

—

 

 

 

 

—

 

 

 

 

17,999

 

 

 

4.8

%

Containers & Packaging

 

 

 

 

37,724

 

 

 

 

—

 

 

 

 

—

 

 

 

 

37,724

 

 

 

10.0

%

Diversified Consumer Services

 

 

 

 

59,529

 

 

 

 

—

 

 

 

 

—

 

 

 

 

59,529

 

 

 

15.8

%

Electrical Equipment

 

 

 

 

20,656

 

 

 

 

—

 

 

 

 

—

 

 

 

 

20,656

 

 

 

5.5

%

Electronic Equipment, Instruments & Components

 

 

 

 

35,926

 

 

 

 

—

 

 

 

 

—

 

 

 

 

35,926

 

 

 

9.5

%

Financial Services

 

 

 

 

34,202

 

 

 

 

—

 

 

 

 

—

 

 

 

 

34,202

 

 

 

9.1

%

Food Products

 

 

 

 

30,474

 

 

 

 

—

 

 

 

 

98

 

 

 

 

30,572

 

 

 

8.1

%

Ground Transportation

 

 

 

 

6,813

 

 

 

 

—

 

 

 

 

—

 

 

 

 

6,813

 

 

 

1.8

%

Health Care Equipment & Supplies

 

 

 

 

42,523

 

 

 

 

—

 

 

 

 

—

 

 

 

 

42,523

 

 

 

11.3

%

Health Care Providers & Services

 

 

 

 

126,887

 

 

 

 

—

 

 

 

 

117

 

 

 

 

127,004

 

 

 

33.7

%

Health Care Technology

 

 

 

 

13,740

 

 

 

 

—

 

 

 

 

—

 

 

 

 

13,740

 

 

 

3.7

%

Hotels, Restaurants & Leisure

 

 

 

 

21,130

 

 

 

 

—

 

 

 

 

—

 

 

 

 

21,130

 

 

 

5.6

%

Household Products

 

 

 

 

9,114

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,114

 

 

 

2.4

%

Insurance

 

 

 

 

15,495

 

 

 

 

—

 

 

 

 

—

 

 

 

 

15,495

 

 

 

4.1

%

IT Services

 

 

 

 

18,042

 

 

 

 

—

 

 

 

 

—

 

 

 

 

18,042

 

 

 

4.8

%

Leisure Products

 

 

 

 

12,599

 

 

 

 

—

 

 

 

 

—

 

 

 

 

12,599

 

 

 

3.3

%

Machinery

 

 

 

 

35,999

 

 

 

 

—

 

 

 

 

—

 

 

 

 

35,999

 

 

 

9.6

%

Media

 

 

 

 

27,573

 

 

 

 

—

 

 

 

 

—

 

 

 

 

27,573

 

 

 

7.3

%

Multi-Utilities

 

 

 

 

12,790

 

 

 

 

—

 

 

 

 

—

 

 

 

 

12,790

 

 

 

3.4

%

Paper & Forest Products

 

 

 

 

5,002

 

 

 

 

—

 

 

 

 

—

 

 

 

 

5,002

 

 

 

1.3

%

Personal Care Products

 

 

 

 

33,560

 

 

 

 

—

 

 

 

 

—

 

 

 

 

33,560

 

 

 

8.9

%

Pharmaceuticals

 

 

 

 

39,002

 

 

 

 

—

 

 

 

 

33

 

 

 

 

39,035

 

 

 

10.4

%

Professional Services

 

 

 

 

25,988

 

 

 

 

—

 

 

 

 

—

 

 

 

 

25,988

 

 

 

6.9

%

Real Estate Management & Development

 

 

 

 

2,819

 

 

 

 

—

 

 

 

 

100

 

 

 

 

2,919

 

 

 

0.8

%

Software

 

 

 

 

39,914

 

 

 

 

—

 

 

 

 

—

 

 

 

 

39,914

 

 

 

10.6

%

Specialty Retail

 

 

 

 

9,698

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,698

 

 

 

2.6

%

Technology Hardware, Storage & Peripherals

 

 

 

 

11,975

 

 

 

 

—

 

 

 

 

—

 

 

 

 

11,975

 

 

 

3.2

%

Trading Companies & Distributors

 

 

 

 

25,814

 

 

 

 

—

 

 

 

 

66

 

 

 

 

25,880

 

 

 

7.0

%

Wireless Telecommunication Services

 

 

 

 

9,399

 

 

 

 

—

 

 

 

 

—

 

 

 

 

9,399

 

 

 

2.5

%

Total Non-Controlled / Non-Affiliated Investments

$

 

930,774

 

 

$

 

—

 

 

$

 

609

 

 

$

 

931,383

 

 

 

247.5

%

% of Net Assets

 

 

247.3

%

 

 

 

0.0

%

 

 

 

0.2

%

 

 

 

247.5

%

 

 

 

Non-Controlled / Affiliated Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure

 

 

 

 

4,051

 

 

 

 

—

 

 

 

 

—

 

 

 

 

4,051

 

 

 

1.1

%

Total Non-Controlled / Affiliated Investments

$

 

4,051

 

 

$

 

—

 

 

$

 

—

 

 

$

 

4,051

 

 

 

1.1

%

% of Net Assets

 

 

 

 

1.1

%

 

 

 

0.0

%

 

 

 

0.0

%

 

 

 

1.1

%

 

 

 

Total

 

 

$

 

934,825

 

 

$

 

—

 

 

$

 

609

 

 

$

 

935,434

 

 

 

248.6

%

% of Net Assets

 

 

 

 

248.4

%

 

 

 

0.0

%

 

 

 

0.2

%

 

 

 

248.6

%

 

 

 

 

Industry Classification

Percentage of Total
Investments (at Fair Value)
as of June 30, 2026

 

Health Care Providers & Services

 

13.6

%

Diversified Consumer Services

 

6.4

%

Commercial Services & Supplies

 

5.9

%

Health Care Equipment & Supplies

 

4.5

%

Software

 

4.3

%

Pharmaceuticals

 

4.2

%

Containers & Packaging

 

4.0

%

Machinery

 

3.8

%

Electronic Equipment, Instruments & Components

 

3.8

%

Financial Services

 

3.7

%

Personal Care Products

 

3.6

%

Food Products

 

3.3

%

Media

 

2.9

%

Construction & Engineering

 

2.8

%

Professional Services

 

2.8

%

Trading Companies & Distributors

 

2.8

%

Hotels, Restaurants & Leisure

 

2.7

%

Electrical Equipment

 

2.2

%

IT Services

 

1.9

%

Consumer Staples Distribution & Retail

 

1.9

%

Chemicals

 

1.7

%

Automobile Components

 

1.7

%

Insurance

 

1.7

%

Aerospace & Defense

 

1.6

%

Health Care Technology

 

1.5

%

Multi-Utilities

 

1.4

%

Air Freight & Logistics

 

1.4

%

Leisure Products

 

1.3

%

Technology Hardware, Storage & Peripherals

 

1.3

%

Specialty Retail

 

1.0

%

Wireless Telecommunication Services

 

1.0

%

Household Products

 

1.0

%

Ground Transportation

 

0.7

%

Paper & Forest Products

 

0.5

%

Building Products

 

0.4

%

Beverages

 

0.4

%

Real Estate Management & Development

 

0.3

%

 

 

100.0

%

 

Geographic Region

June 30, 2026

 

United States

 

95.5

%

United Kingdom

 

2.7

%

Canada

 

1.8

%