Performance

As of January 31, 2024

Total Investments (at Fair Value)
$2,971 M
Net Asset Value
$2,159 M

Performance Highlights

Class I
Monthly NAV1
$23.60
Annualized Distribution Rate2
10.17%
Monthly NAV1
$23.60
Annualized Distribution Rate2
9.32%
Monthly NAV1
$23.60
Annualized Distribution Rate2
9.92%

Total Return3

Class I
Monthly Year to Date 1-Year Since Inception
Class I 0.72% 0.72% 10.15% 7.65%
Monthly Year to Date 1-Year Since Inception
Class S|no load 0.65% 0.65% 9.22% 8.90%
Class S|with sales load -2.85% -2.85% 5.72% 6.78%
Monthly Year to Date Since Inception
Class D|no load 0.70% 0.70% 8.35%
Class D|with sales load -0.80% -0.80% 6.85%

Monthly Total Returns

Class I
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2022 - -2.51% 1.83% 0.90% -1.62% 0.17% 1.37% 0.00% 0.07%
2023 2.58% 0.47% 0.21% 0.73% 0.09% 1.89% 1.06% 1.06% 0.64% 0.08% 1.33% 1.45% 12.19%
2024 0.72% 0.72%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2022 1.76% 0.83% -1.69% 0.10% 1.30% -0.07% 2.21%
2023 2.51% 0.39% 0.14% 0.65% 0.01% 1.82% 0.99% 0.99% 0.56% 0.01% 1.25% 1.38% 11.24%
2024 0.65% 0.65%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2023 1.87% 1.04% 1.04% 0.61% 0.06% 1.30% 1.43% 7.59%
2024 0.70% 0.70%

Historical NAV Per Share

Class I
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 $24.32 $23.71 $23.98 $24.03 $23.47 $23.33 $23.46 $23.23
2023 $23.64 $23.56 $23.42 $23.40 $23.23 $23.48 $23.54 $23.60 $23.56 $23.39 $23.51 $23.62
2024 $23.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 $23.98 $24.03 $23.47 $23.33 $23.46 $23.23
2023 $23.64 $23.56 $23.42 $23.40 $23.23 $23.48 $23.54 $23.60 $23.56 $23.39 $23.51 $23.62
2024 $23.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023 $23.48 $23.54 $23.60 $23.56 $23.39 $23.51 $23.62
2024 $23.60

Historical Distribution Per Share

Class I
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Dividend Distribution $0.1640 $0.1670 $0.1700 $0.1800 $0.1900 $0.1900
2022 Special Distribution - - - - - - - - - - - $0.0400
2023 Dividend Distribution $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900 $0.1900
2023 Special Distribution - - - - - - - - - - - $0.0400
2024 Dividend Distribution $0.2000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 Dividend Distribution $0.1472 $0.1500 $0.1530 $0.1634 $0.1735 $0.1734
2022 Special Distribution - - - - - - - - - - - $0.0400
2023 Dividend Distribution $0.1734 $0.1735 $0.1733 $0.1733 $0.1734 $0.1735 $0.1734 $0.1733 $0.1733 $0.1733 $0.1734 $0.1733
2023 Special Distribution - - - - - - - - - - - $0.0400
2024 Dividend Distribution $0.1833
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023 Dividend Distribution $0.1852 $0.1851 $0.1851 $0.1851 $0.1851 $0.1851 $0.1851
2023 Special Distribution - - $0.0400
2024 Dividend Distribution $0.1951
Note: Dividend distributions are shown as of the record date and are paid out the following month.

Past performance is historical and not a guarantee of future results.

The performance quoted represents past performance. The investment return and fair value will fluctuate, such that an investor's shares, when repurchased, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted.

1The Net Asset Value ("NAV") per share for each class of shares is determined by dividing the value of total assets (including accrued interest, dividends and assets purchased with borrowings) attributable to the class minus liabilities (including accrued expenses, any reserves established by the Adviser in its discretion for contingent liabilities and any borrowings) attributable to the class by the total number of Common Shares outstanding of the class at the date as of which the determination is made.

2As of February 29, 2024. Annualized Distribution Rate reflects the current month’s distribution annualized and divided by the prior month’s last reported NAV. Past performance is not necessarily indicative of future results.  There is no assurance we will pay distributions. Distributions may be funded from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, return of capital or offering proceeds. Distributions paid from offering proceeds may constitute a return of capital. We have no limits on the amounts we may pay from such sources to fund distributions. Distributions may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by the Adviser or its affiliates, that may be subject to reimbursement to the Adviser or its affiliates, and therefore can reduce future distributions to which you would otherwise be entitled. The extent to which we pay distributions from sources other than cash flow from operations will depend on various factors, including the level of participation in our distribution reinvestment plan, how quickly we invest the proceeds from this offering (and any future offering) and the performance of our investments. Funding distributions from the sales of assets, borrowings, return of capital or proceeds of this offering will result in us having less funds available to acquire investments. As a result, the return you realize on your investment may be reduced. Doing so may also negatively impact our ability to generate cash flows. Likewise, funding distributions from the sale of additional securities will dilute your interest on a percentage basis and may impact the value of your investment especially if we sell these securities at prices less than the price you paid for your shares. We believe the likelihood that we pay distributions from sources other than cash flow from operations will be higher in the early stages of the offering.

3Total Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. Returns for periods greater than one year are annualized.