Consolidated Condensed Schedule of Investments Derivative Assets and Liabilities at Fair Value (Unaudited) - USD ($)
$ in Thousands |
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 55,906
|
|
$ 46,042
|
|
| Derivative liabilities, at fair value |
|
$ (6,332)
|
|
$ (4,986)
|
|
| Fair Value as a % of Net Assets |
|
2.88%
|
[1] |
2.86%
|
[2] |
| Derivative liabilities % of net assets |
|
(0.32%)
|
[1] |
(0.31%)
|
[2] |
| Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 8,982
|
|
$ 8,924
|
|
| Derivative liabilities, at fair value |
|
$ (1,017)
|
|
$ (966)
|
|
| Fair Value as a % of Net Assets |
|
2.88%
|
[1] |
2.87%
|
[2] |
| Derivative liabilities % of net assets |
|
(0.33%)
|
[1] |
(0.31%)
|
[2] |
| Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 46,924
|
|
$ 37,118
|
|
| Derivative liabilities, at fair value |
|
$ (5,315)
|
|
$ (4,020)
|
|
| Fair Value as a % of Net Assets |
|
2.88%
|
[1] |
2.86%
|
[2] |
| Derivative liabilities % of net assets |
|
(0.32%)
|
[1] |
(0.31%)
|
[2] |
| Open Futures Contract, Identifier [Axis]: Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
|
|
Credit Default Swap [Member]
|
|
| Maturity |
|
|
|
Dec. 20, 2029
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (30)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
0.00%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (6)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
0.00%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (24)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
0.00%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,274; $43,226; $51,500, respectively Type Credit Default Swaps Maturity 08/19/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Aug. 19, 2029
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,274; $43,226; $51,500, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Asset, Counterparty Name [Extensible Enumeration] |
|
CDS Multiple [Member]
|
|
|
|
| Derivative Asset, Type [Extensible Enumeration] |
|
Credit Default Swap [Member]
|
|
|
|
| Derivative assets, at fair value |
|
$ 51,632
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
2.66%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,274; $43,226; $51,500, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 8,296
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
2.66%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,274; $43,226; $51,500, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 43,336
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
2.66%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,274; $43,226; $51,500, respectively Type Credit Default Swaps Maturity 10/10/2030 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Oct. 10, 2030
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
|
|
Aug. 19, 2029
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Asset, Counterparty Name [Extensible Enumeration] |
|
|
|
GS Bank USA CLO [Member]
|
|
| Derivative Asset, Type [Extensible Enumeration] |
|
|
|
Credit Default Swap [Member]
|
|
| Derivative assets, at fair value |
|
|
|
$ 44,653
|
|
| Fair Value as a % of Net Assets |
[2] |
|
|
2.77%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
|
|
$ 8,655
|
|
| Fair Value as a % of Net Assets |
[2] |
|
|
2.78%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
|
|
$ 35,998
|
|
| Fair Value as a % of Net Assets |
[2] |
|
|
2.77%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 10/10/2030 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
|
|
Oct. 10, 2030
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Forward Currency Contracts Type EUR/USD Forwards |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Asset, Type [Extensible Enumeration] |
|
EUR USD Forward Currency Contract [Member]
|
|
|
|
| Derivative assets, at fair value |
|
$ 4,016
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.21%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Forward Currency Contracts Type EUR/USD Forwards Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 645
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.21%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Forward Currency Contracts Type EUR/USD Forwards Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 3,371
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.21%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Forward Currency Contracts Type Forwards |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
|
|
EUR USD Forward Currency Contract [Member]
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (935)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
(0.06%)
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Forward Currency Contracts Type Forwards Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (181)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
(0.06%)
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Forward Currency Contracts Type Forwards Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (754)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
(0.06%)
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Futures Type SOFR Futures |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
|
|
Secured Overnight Financing Rate Futures [Member]
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (4,021)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
(0.25%)
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Futures Type SOFR Futures Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (779)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
(0.25%)
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Futures Type SOFR Futures Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
|
|
$ (3,242)
|
|
| Derivative liabilities % of net assets |
[2] |
|
|
(0.25%)
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $88; $462; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Counterparty Name [Extensible Enumeration] |
|
American Airlines Group Inc [Member]
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
Credit Default Swap [Member]
|
|
|
|
| Maturity |
|
Dec. 20, 2029
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (37)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.00%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $88; $462; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (6)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.00%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $88; $462; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (31)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
0.00%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $118,891; $621,109; $740,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Mar. 07, 2027
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $118,891; $621,109; $740,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 07/02/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
Interest Rate Swap [Member]
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (6,295)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.32%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $118,891; $621,109; $740,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 07/02/2029 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (1,011)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.32%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $118,891; $621,109; $740,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 07/02/2029 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (5,284)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.32%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $118,891; $621,109; $740,000, respectively Type Interest Rate Swaps Maturity 07/02/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Jul. 02, 2029
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
|
|
Mar. 07, 2027
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 11/04/2028 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Asset, Type [Extensible Enumeration] |
|
|
|
Interest Rate Swap [Member]
|
|
| Derivative assets, at fair value |
|
|
|
$ 1,389
|
|
| Fair Value as a % of Net Assets |
[2] |
|
|
0.09%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 11/04/2028 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
|
|
$ 269
|
|
| Fair Value as a % of Net Assets |
[2] |
|
|
0.09%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 11/04/2028 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
|
|
$ 1,120
|
|
| Fair Value as a % of Net Assets |
[2] |
|
|
0.09%
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 11/04/2028 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
|
|
Nov. 04, 2028
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $96,398; $503,602; $600,000, respectively Type Swaptions Maturity 02/26/2027 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Asset, Type [Extensible Enumeration] |
|
Interest Rate Swap [Member]
|
|
|
|
| Maturity |
|
Feb. 26, 2027
|
|
|
|
| Derivative assets, at fair value |
|
$ 258
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.01%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $96,398; $503,602; $600,000, respectively Type Swaptions Maturity 02/26/2027 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 41
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.01%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $96,398; $503,602; $600,000, respectively Type Swaptions Maturity 02/26/2027 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 217
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.01%
|
|
|
|
|
|