Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

Summary of Shareholder Transactions in Common Shares

The following table summarizes shareholder transactions in common shares during the three months ended June 30, 2026:


For the Three Months ended June 30, 2026
	Series I						Series II						Total
	Shares			Consideration Amount			Shares			Consideration Amount			Shares			Consideration Amount
A-I Shares:
Proceeds from issuance of shares	$	48,018		$	1,210		$	118,830		$	3,010		$	166,848		$	4,220
Shares issued under DRIP		-			-			488			12			488			12
Shares repurchased		(65,193	)		(1,643	)		(7,849	)		(199	)		(73,042	)		(1,842	)
Exchanges/Conversions		-			-			-			-			-			-
Net increase (decrease)	$	(17,175	)	$	(433	)	$	111,469		$	2,823		$	94,294		$	2,390

F-I Shares:
Proceeds from issuance of shares	$	86,389		$	2,190		$	309,568		$	7,894		$	395,957		$	10,084
Shares issued under DRIP		17,799			451			67,650			1,724			85,449			2,175
Shares repurchased		(42,954	)		(1,089	)		(58,636	)		(1,495	)		(101,590	)		(2,584	)
Exchanges/Conversions		(165,543	)		(4,194	)		164,541			4,194			(1,002	)		-
Net increase (decrease)	$	(104,309	)	$	(2,642	)	$	483,123		$	12,317		$	378,814		$	9,675

F-S Shares:
Proceeds from issuance of shares	$	-		$	-		$	-		$	-		$	-		$	-
Shares issued under DRIP		-			-			37			1			37			1
Shares repurchased		-			-			-			-			-			-
Exchanges/Conversions		-			-			-			-			-			-
Net increase (decrease)	$	-		$	-		$	37		$	1		$	37		$	1

P-I Shares:
Proceeds from issuance of shares	$	-		$	-		$	-		$	-		$	-		$	-
Shares issued under DRIP		272			7			212			6			484			13
Shares repurchased		-			-			-			-			-			-
Exchanges/Conversions		-			-			-			-			-			-
Net increase (decrease)	$	272		$	7		$	212		$	6		$	484		$	13

P-S Shares:
Proceeds from issuance of shares	$	-		$	-		$	1,493,432		$	38,238		$	1,493,432		$	38,238
Shares issued under DRIP		1,211			30			53,090			1,359			54,301			1,389
Shares repurchased		-			-			(313,747	)		(8,038	)		(313,747	)		(8,038	)
Exchanges/Conversions		-			-			-			-			-			-
Net increase (decrease)	$	1,211		$	30		$	1,232,775		$	31,559		$	1,233,986		$	31,589

E Shares:
Proceeds from issuance of shares	$	-		$	-		$	-		$	-		$	-		$	-
Shares issued under DRIP		87			2			3,305			83			3,392			85
Shares repurchased		-			-			(793	)		(20	)		(793	)		(20	)
Exchanges/Conversions		-			-			-			-			-			-
Net increase (decrease)	$	87		$	2		$	2,512		$	63		$	2,599		$	65


T-I Shares:
Proceeds from issuance of shares	$	93,360		$	2,387				$	511,959				$	13,220				$	605,319				$	15,607
Shares issued under DRIP		9,988			255					51,989					1,343					61,977					1,598
Shares repurchased		(12,520	)		(320	)				(411,811	)				(10,640	)				(424,331	)				(10,960	)
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	90,828		$	2,322				$	152,137				$	3,923				$	242,965				$	6,245

T-S Shares:
Proceeds from issuance of shares	$	179,111		$	4,565				$	419,619				$	10,766				$	598,730				$	15,331
Shares issued under DRIP		15,692			400					51,685					1,326					67,377					1,726
Shares repurchased		(184,151	)		(4,698	)				(38,433	)				(986	)				(222,584	)				(5,684	)
Exchanges/Conversions		(5,834	)		(149	)				5,796					149					(38	)				-
Net increase (decrease)	$	4,818		$	118				$	438,667				$	11,255				$	443,485				$	11,373

I Shares:
Proceeds from issuance of shares	$	262,894		$	6,703				$	2,122,364				$	54,660				$	2,385,258				$	61,363
Shares issued under DRIP		4,089			104					94,053					2,422					98,142					2,526
Shares repurchased		-			-					(477,526	)				(12,301	)				(477,526	)				(12,301	)
Exchanges/Conversions		(10,705	)		(273	)				10,594					273					(111	)				-
Net increase (decrease)	$	256,278		$	6,534				$	1,749,485				$	45,054				$	2,005,763				$	51,588

S Shares:
Proceeds from issuance of shares	$	-		$	-				$	20,787				$	536				$	20,787				$	536
Shares issued under DRIP		-			-					49					1					49					1
Shares repurchased		-			-					-					-					-					-
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	-		$	-				$	20,836				$	537				$	20,836				$	537

BD Shares:
Proceeds from issuance of shares	$	-		$	-				$	456,764				$	11,783				$	456,764				$	11,783
Shares issued under DRIP		-			-					69,755					1,799					69,755					1,799
Shares repurchased		-			-					(30,914	)				(798	)				(30,914	)				(798	)
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	-		$	-				$	495,605				$	12,784				$	495,605				$	12,784

Total net increase (decrease)	$	232,010		$	5,938		$	-	$	4,686,858		$	-	$	120,322		$	-	$	4,918,868		$	-	$	126,260

The following table summarizes shareholder transactions in common shares during the six months ended June 30, 2026:


For the Six Months ended June 30, 2026
	Series I								Series II										Total
	Shares			Consideration Amount					Shares					Consideration Amount					Shares					Consideration Amount
A-I Shares:
Proceeds from issuance of shares	$	150,114		$	3,805				$	362,741				$	9,246				$	512,855				$	13,051
Shares issued under DRIP		-			-					880					22					880					22
Shares repurchased		(179,004	)		(4,537	)				(31,387	)				(801	)				(210,391	)				(5,338	)
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	(28,890	)	$	(732	)			$	332,234				$	8,467				$	303,344				$	7,735

F-I Shares:
Proceeds from issuance of shares	$	164,428		$	4,182				$	1,338,950				$	34,330				$	1,503,378				$	38,512
Shares issued under DRIP		41,856			1,065					137,622					3,523					179,478					4,588
Shares repurchased		(58,163	)		(1,478	)				(722,776	)				(18,592	)				(780,939	)				(20,070	)
Exchanges/Conversions		(348,096	)		(8,840	)				345,740					8,840					(2,356	)				-
Net increase (decrease)	$	(199,975	)	$	(5,071	)			$	1,099,536				$	28,101				$	899,561				$	23,030

F-S Shares:
Proceeds from issuance of shares	$	-		$	-				$	-				$	-				$	-				$	-
Shares issued under DRIP		-			-					78					2					78					2
Shares repurchased		-			-					-					-					-					-
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	-		$	-				$	78				$	2				$	78				$	2

P-I Shares:
Proceeds from issuance of shares	$	22,223		$	560				$	-				$	-				$	22,223				$	560
Shares issued under DRIP		470			12					448					12					918					24
Shares repurchased		-			-					-					-					-					-
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	22,693		$	572				$	448				$	12				$	23,141				$	584

P-S Shares:
Proceeds from issuance of shares	$	5,587		$	140				$	1,924,818				$	49,361				$	1,930,405				$	49,501
Shares issued under DRIP		3,146			79					110,867					2,851					114,013					2,930
Shares repurchased		-			-					(472,004	)				(12,129	)				(472,004	)				(12,129	)
Exchanges/Conversions		162,428			4,084					(158,122	)				(4,084	)				4,306					-
Net increase (decrease)	$	171,161		$	4,303				$	1,405,559				$	35,999				$	1,576,720				$	40,302

E Shares:
Proceeds from issuance of shares	$	-		$	-				$	11,705				$	295				$	11,705				$	295
Shares issued under DRIP		181			5					6,595					166					6,776					171
Shares repurchased		-			-					(1,191	)				(30	)				(1,191	)				(30	)
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	181		$	5				$	17,109				$	431				$	17,290				$	436

T-I Shares:
Proceeds from issuance of shares	$	184,734		$	4,739				$	942,207				$	24,422				$	1,126,941				$	29,161
Shares issued under DRIP		19,897			510					104,589					2,712					124,486					3,222
Shares repurchased		(12,520	)		(320	)				(479,941	)				(12,416	)				(492,461	)				(12,736	)
Exchanges/Conversions		(931,544	)		(23,989	)				920,923					23,989					(10,621	)				-
Net increase (decrease)	$	(739,433	)	$	(19,060	)			$	1,487,778				$	38,707				$	748,345				$	19,647

T-S Shares:
Proceeds from issuance of shares	$	454,648		$	11,648				$	1,115,972				$	28,780				$	1,570,620				$	40,428
Shares issued under DRIP		33,049			846					102,630					2,644					135,679					3,490
Shares repurchased		(190,203	)		(4,854	)				(116,916	)				(3,020	)				(307,119	)				(7,874	)
Exchanges/Conversions		(46,762	)		(1,200	)				5,796					148					(40,966	)				(1,052	)
Net increase (decrease)	$	250,732		$	6,440				$	1,107,482				$	28,552				$	1,358,214				$	34,992

I Shares:
Proceeds from issuance of shares	$	658,580		$	16,866				$	6,574,035				$	170,117				$	7,232,615				$	186,983
Shares issued under DRIP		5,711			146					155,131					4,006					160,842					4,152
Shares repurchased		-			-					(493,086	)				(12,704	)				(493,086	)				(12,704	)
Exchanges/Conversions		30,233			779					10,594					273					40,827					1,052
Net increase (decrease)	$	694,524		$	17,791				$	6,246,674				$	161,692				$	6,941,198				$	179,483

S Shares:
Proceeds from issuance of shares	$	-		$	-				$	20,787				$	536				$	20,787				$	536
Shares issued under DRIP		-			-					49					1					49					1
Shares repurchased		-			-					-					-					-					-
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	-		$	-				$	20,836				$	537				$	20,836				$	537

BD Shares:
Proceeds from issuance of shares	$	-		$	-				$	1,738,414				$	45,116				$	1,738,414				$	45,116
Shares issued under DRIP		-			-					125,068					3,236					125,068					3,236
Shares repurchased		-			-					(30,914	)				(798	)				(30,914	)				(798	)
Exchanges/Conversions		-			-					-					-					-					-
Net increase (decrease)	$	-		$	-				$	1,832,568				$	47,554				$	1,832,568				$	47,554

Total net increase (decrease)	$	170,993		$	4,248		$	-	$	13,550,302		$	-	$	350,054		$	-	$	13,721,295		$	-	$	354,302

The following table summarizes shareholder transactions in common shares during the three months ended June 30, 2025:


For the Three Months ended June 30, 2025
	Series I						Series II				Total
	Shares			Consideration Amount			Shares		Consideration Amount		Shares			Consideration Amount
A-I Shares:
Proceeds from issuance of shares		341,509			8,670			466,965		11,930		808,474			20,600
Shares issued under DRIP		-			-			216		5		216			5
Shares repurchased or exchanged		(3,945	)		(100	)		-		-		(3,945	)		(100	)

Net increase (decrease)		337,564			8,570			467,181		11,935		804,745			20,505

F-I Shares:
Proceeds from issuance of shares		843,128			21,527			2,487,400		63,981		3,330,528			85,507
Shares issued under DRIP		5,747			146			8,746		224		14,493			371
Shares repurchased or exchanged		(39,714	)		(1,012	)		-		-		(39,714	)		(1,012	)

Net increase (decrease)		809,161			20,661			2,496,146		64,205		3,305,307			84,866

F-S Shares:
Proceeds from issuance of shares	$	-		$	-		$	-	$	-	$	-		$	-
Shares issued under DRIP		-			-			-		-		-			-
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)	$	-		$	-		$	-	$	-	$	-		$	-

P-I Shares:
Proceeds from issuance of shares		-			-			38,238		1,000		38,238			1,000
Shares issued under DRIP		-			-			74		2		74			2
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)		-			-			38,312		1,002		38,312			1,002

P-S Shares:
Proceeds from issuance of shares		165,332			4,160			1,064,897		27,510		1,230,229			31,670
Shares issued under DRIP		-			-			22,640		584		22,640			584
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)		165,332			4,160			1,087,537		28,094		1,252,869			32,254

E Shares:
Proceeds from issuance of shares		96			2			6,039		152		6,135			154
Shares issued under DRIP		76			2			2,325		59		2,401			61
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)		172			4			8,364		211		8,536			215

T-I Shares:
Proceeds from issuance of shares		602,919			15,530			1,364,919		35,538		1,967,838			51,068
Shares issued under DRIP		10,269			264			8,807		228		19,076			492
Shares repurchased or exchanged		(4,460	)		(115	)		-		-		(4,460	)		(115	)

Net increase (decrease)		608,728			15,679			1,373,726		35,766		1,982,454			51,445

T-S Shares:
Proceeds from issuance of shares		624,815			16,092			1,450,410		37,568		2,075,225			53,660
Shares issued under DRIP		6,835			176			10,361		268		17,196			444
Shares repurchased or exchanged		(112,189	)		(2,893	)		-		-		(112,189	)		(2,893	)

Net increase (decrease)		519,461			13,375			1,460,771		37,836		1,980,232			51,211

I Shares:
Proceeds from issuance of shares		-			-			102,311		2,642		102,311			2,642
Shares issued under DRIP		-			-			-		-		-			-
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)		-			-			102,311		2,642		102,311			2,642

S Shares:
Proceeds from issuance of shares		-			-			-		-		-			-
Shares issued under DRIP		-			-			-		-		-			-
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)		-			-			-		-		-			-

BD Shares:
Proceeds from issuance of shares		-			-			122,331		3,163		122,331			3,163
Shares issued under DRIP		-			-			-		-		-			-
Shares repurchased or exchanged		-			-			-		-		-			-

Net increase (decrease)		-			-			122,331		3,163		122,331			3,163

Total net increase (decrease)		2,440,418			62,449			7,156,679		184,854		9,597,097			247,303

The following table summarizes shareholder transactions in common shares during the six months ended June 30, 2025:


For the Six Months ended June 30, 2025
	Series I						Series II						Total
	Shares			Consideration Amount			Shares			Consideration Amount			Shares			Consideration Amount
A-I Shares:
Proceeds from issuance of shares	$	727,761		$	18,435		$	1,100,971		$	28,087		$	1,828,732		$	46,522
Shares issued under DRIP		-			-			483			12			483			12
Shares repurchased or exchanged		(3,945	)		(100	)		(19,818	)		(499	)		(23,763	)		(599	)

Net increase (decrease)	$	723,816		$	18,335		$	1,081,636		$	27,600		$	1,805,452		$	45,936

F-I Shares:
Proceeds from issuance of shares	$	1,211,140		$	30,943		$	4,390,303		$	112,560		$	5,601,443		$	143,503
Shares issued under DRIP		9,931			252			13,059			333			22,990			585
Shares repurchased or exchanged		(173,364	)		(4,396	)		-			-			(173,364	)		(4,396	)

Net increase (decrease)	$	1,047,707		$	26,799		$	4,403,362		$	112,893		$	5,451,069		$	139,692

F-S Shares:
Proceeds from issuance of shares	$	-		$	-		$	-		$	-		$	-		$	-
Shares issued under DRIP		-			-			-			-			-			-
Shares repurchased or exchanged		-			-			-			-			-			-

Net increase (decrease)	$	-		$	-		$	-		$	-		$	-		$	-

P-I Shares:
Proceeds from issuance of shares	$	-		$	-		$	49,032		$	1,280		$	49,032		$	1,280
Shares issued under DRIP		-			-			88			2			88			2
Shares repurchased or exchanged		-			-			-			-			-			-

Net increase (decrease)	$	-		$	-		$	49,120		$	1,282		$	49,120		$	1,282

P-S Shares:
Proceeds from issuance of shares	$	165,332		$	4,160		$	2,895,995		$	74,482		$	3,061,327		$	78,642
Shares issued under DRIP		-			-			29,740			765			29,740			765
Shares repurchased or exchanged		-			-			-			-			-			-

Net increase (decrease)	$	165,332		$	4,160		$	2,925,735		$	75,247		$	3,091,067		$	79,407

E Shares:
Proceeds from issuance of shares	$	2,136		$	54		$	20,271		$	510		$	22,407		$	564
Shares issued under DRIP		100			3			6,989			175			7,089			178
Shares repurchased or exchanged		(1,359	)		(35	)		-			-			(1,359	)		(35	)

Net increase (decrease)	$	877		$	22		$	27,260		$	685		$	28,137		$	707

T-I Shares:
Proceeds from issuance of shares	$	956,997		$	24,666		$	2,025,608		$	52,603		$	2,982,605		$	77,269
Shares issued under DRIP		14,454			371			11,230			290			25,684			661
Shares repurchased or exchanged		(12,288	)		(316	)		(1,943	)		(50	)		(14,231	)		(366	)

Net increase (decrease)	$	959,163		$	24,721		$	2,034,895		$	52,843		$	2,994,058		$	77,564

T-S Shares:
Proceeds from issuance of shares	$	1,368,788		$	35,191		$	3,559,737		$	91,820		$	4,928,525		$	127,011
Shares issued under DRIP		9,493			243			11,873			306			21,366			549
Shares repurchased or exchanged		(312,230	)		(8,007	)		(985	)		(25	)		(313,215	)		(8,032	)

Net increase (decrease)	$	1,066,051		$	27,427		$	3,570,625		$	92,101		$	4,636,676		$	119,528

I Shares:
Proceeds from issuance of shares	$	-		$	-		$	102,311		$	2,642		$	102,311		$	2,642
Shares issued under DRIP		-			-			-			-			-			-
Shares repurchased or exchanged		-			-			-			-			-			-

Net increase (decrease)	$	-		$	-		$	102,311		$	2,642		$	102,311		$	2,642

S Shares:
Proceeds from issuance of shares	$	-		$	-		$	-		$	-		$	-		$	-
Shares issued under DRIP		-			-			-			-			-			-
Shares repurchased or exchanged		-			-			-			-			-			-

Net increase (decrease)	$	-		$	-		$	-		$	-		$	-		$	-

BD Shares:
Proceeds from issuance of shares	$	-		$	-		$	122,331		$	3,163		$	122,331		$	3,163
Shares issued under DRIP		-			-			-			-			-			-
Shares repurchased or exchanged		-			-			-			-			-			-

Net increase (decrease)	$	-		$	-		$	122,331		$	3,163		$	122,331		$	3,163

Total net increase (decrease)	$	3,962,946		$	101,464		$	14,317,275		$	368,456		$	18,280,221		$	469,920

Summary of Distributions Declared

The following tables reflect the aggregate distributions declared for each applicable share type of the Company for the three and six months ended June 30, 2026:


For the Three Months ended June 30, 2026
	Series I		Series II		Total
	Distributions declared		Distributions declared		Distributions declared
A-I Shares:	$	507	$	1,341	$	1,848
F-I Shares:		1,410		6,872		8,282
F-S Shares:		-		1		1
P-I Shares:		7		21		28
P-S Shares:		102		2,753		2,855
E Shares:		2		1,067		1,069
T-I Shares:		578		2,324		2,902
T-S Shares:		741		2,232		2,973
I Shares:		250		4,718		4,968
S Shares:		-		4		4
BD Shares:		-		3,235		3,235
Total Distributions Declared:	$	3,597	$	24,568	$	28,165


For the six Months ended June 30, 2026
	Series I		Series II		Total
	Distributions declared		Distributions declared		Distributions declared
A-I Shares:	$	1,084	$	2,670	$	3,754
F-I Shares:		3,032		13,770		16,802
F-S Shares:		-		2		2
P-I Shares:		14		43		57
P-S Shares:		191		5,357		5,548
E Shares:		5		2,157		2,162
T-I Shares:		1,262		4,529		5,791
T-S Shares:		1,531		4,402		5,933
I Shares:		418		8,437		8,855
S Shares:		-		4		4
BD Shares:		-		6,282		6,282
Total Distributions Declared:	$	7,537	$	47,653	$	55,190

The following tables reflect the aggregate distributions declared for each applicable share type of the Company for the three months ended June 30, 2025:


For the Three Months ended June 30, 2025
	Series I		Series II		Total
	Distributions declared		Distributions declared		Distributions declared
A-I Shares:	$	503	$	960	$	1,463
F-I Shares:		760		2,581		3,341
F-S Shares:		-		-		-
P-I Shares:		-		12		12
P-S Shares:	75		2260			2,335
E Shares:		3		1,185		1,188
T-I Shares:		837		901		1,738
T-S Shares:	636			1,518		2,154
I Shares:		-		13		13
S Shares:		-		-		-
BD Shares:		-		18		18
Total Distributions Declared:	$	2,814	$	9,448	$	12,262


For the six months ended June 30, 2025
	Series I		Series II		Total
	Distributions declared		Distributions declared		Distributions declared
A-I Shares:	$	765	$	1,399	$	2,164
F-I Shares:		1,055		3,631		4,686
F-S Shares:		-		-		-
P-I Shares:		-		14		14
P-S Shares:	76		3270			3,346
E Shares:		5		2,029		2,034
T-I Shares:		1,193		1,159		2,352
T-S Shares:	918			2,010		2,928
I Shares:		-		13		13
S Shares:		-		-		-
BD Shares:		-		18		18
Total Distributions Declared:		4,012		13,543		17,555