Consolidated Condensed Schedule of Investments Derivative Assets and Liabilities at Fair Value (Unaudited) - USD ($)
$ in Thousands |
9 Months Ended |
12 Months Ended |
Sep. 30, 2026 |
Dec. 31, 2025 |
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 46,882
|
|
$ 46,042
|
|
| Derivative liabilities, at fair value |
|
$ (17,253)
|
|
$ (4,986)
|
|
| Fair Value as a % of Net Assets |
|
2.37%
|
[1] |
2.86%
|
[2] |
| Derivative liabilities % of net assets |
|
(0.86%)
|
[1] |
(0.31%)
|
[2] |
| Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 7,333
|
|
$ 8,924
|
|
| Derivative liabilities, at fair value |
|
$ (2,699)
|
|
$ (966)
|
|
| Fair Value as a % of Net Assets |
|
2.38%
|
[1] |
2.87%
|
[2] |
| Derivative liabilities % of net assets |
|
(0.87%)
|
[1] |
(0.31%)
|
[2] |
| Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 39,549
|
|
$ 37,118
|
|
| Derivative liabilities, at fair value |
|
$ (14,554)
|
|
$ (4,020)
|
|
| Fair Value as a % of Net Assets |
|
2.37%
|
[1] |
2.86%
|
[2] |
| Derivative liabilities % of net assets |
|
(0.86%)
|
[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 $8,528; $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 CDS (Multiple), Notional amount of $8,708; $45,565; $54,273, 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 $8,708; $45,565; $54,273, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Counterparty Name [Extensible Enumeration] |
|
CDS Multiple [Member]
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
Credit Default Swap [Member]
|
|
|
|
| Derivative assets, at fair value |
|
$ 40,603
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
2.05%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,708; $45,565; $54,273, 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 |
|
$ 6,351
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
2.06%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,708; $45,565; $54,273, 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 |
|
$ 34,252
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
2.05%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $8,708; $45,565; $54,273, 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 $86; ($2,974); ($2,888), respectively Type Credit Default Swaps Maturity 06/20/2030 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Jun. 20, 2030
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $86; ($2,974); ($2,888), respectively Type Credit Default Swaps Maturity 12/20/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Dec. 20, 2029
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $86; ($2,974); ($2,888), respectively Type Credit Default Swaps Maturity 12/20/2029 - 06/20/2030 |
|
|
|
|
|
| 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 liabilities, at fair value |
|
$ (363)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.02%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $86; ($2,974); ($2,888), respectively Type Credit Default Swaps Maturity 12/20/2029 - 06/20/2030 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (57)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.02%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name CDS (Multiple), Notional amount of $86; ($2,974); ($2,888), respectively Type Credit Default Swaps Maturity 12/20/2029 - 06/20/2030 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (306)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.02%)
|
|
|
|
| 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 |
|
$ 6,261
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.32%
|
|
|
|
| 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 |
|
$ 979
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.32%
|
|
|
|
| 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 |
|
$ 5,282
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.32%
|
|
|
|
| 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 USD Currency, Notional amount of $39,103; $210,898; $250,001, respectively Type Swaptions Maturity 2/26/2027 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Asset, Type [Extensible Enumeration] |
|
Interest Rate Swap [Member]
|
|
|
|
| Maturity |
|
Feb. 26, 2027
|
|
|
|
| Derivative assets, at fair value |
|
$ 18
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.00%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $39,103; $210,898; $250,001, respectively Type Swaptions Maturity 2/26/2027 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 3
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.00%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $39,103; $210,898; $250,001, respectively Type Swaptions Maturity 2/26/2027 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative assets, at fair value |
|
$ 15
|
|
|
|
| Fair Value as a % of Net Assets |
[1] |
0.00%
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $54,744; $295,257; $350,001, respectively Type Swaptions Maturity 2/26/2027 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative Liability, Type [Extensible Enumeration] |
|
Interest Rate Swap [Member]
|
|
|
|
| Maturity |
|
Feb. 26, 2027
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (20)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.00%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $54,744; $295,257; $350,001, respectively Type Swaptions Maturity 2/26/2027 Series I |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (3)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.00%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of $54,744; $295,257; $350,001, respectively Type Swaptions Maturity 2/26/2027 Series II |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Derivative liabilities, at fair value |
|
$ (17)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.00%)
|
|
|
|
| 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 ($170,487); ($919,513); ($1,090,000), 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 ($170,487); ($919,513); ($1,090,000), 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 |
|
$ (16,870)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.84%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of ($170,487); ($919,513); ($1,090,000), 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 |
|
$ (2,639)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.85%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of ($170,487); ($919,513); ($1,090,000), 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 |
|
$ (14,231)
|
|
|
|
| Derivative liabilities % of net assets |
[1] |
(0.84%)
|
|
|
|
| Open Futures Contract, Identifier [Axis]: Contract name USD Currency, Notional amount of ($170,487); ($919,513); ($1,090,000), respectively Type Interest Rate Swaps Maturity 07/02/2029 |
|
|
|
|
|
| Summary of Investment Holdings [Line Items] |
|
|
|
|
|
| Maturity |
|
Jul. 02, 2029
|
|
|
|
|
|