Portfolio

As of April 30, 2023

A diversified portfolio of income-generating private credit and public debt investments.

Portfolio Highlights

Issuer Count

106

Senior Secured

92.9%

Floating Rate

91.8%

Leverage1

0.24x

Portfolio Snapshot

Asset Allocation
48% Senior Loans (Syndicated)2
44% Private Credit
4% High Yield Bonds2
1% Equity
4% Other
Security Type
88% First Lien3
5% Second Lien
6% Unsecured
1% Equity
Geography
87% United States
13% Rest of World
Top 10 Industries
(as % of total portfolio, at fair value)
Software
12%
Software
Financial Services
7%
Financial Services
Commercial Services & Supplies
7%
Commercial Services & Supplies
Health Care Providers & Services
7%
Health Care Providers & Services
Specialty Retail
6%
Specialty Retail
Healthcare Technology
6%
Healthcare Technology
Insurance
4%
Insurance
Hotels, Restaurants & Leisure
4%
Hotels, Restaurants & Leisure
Aerospace & Defense
4%
Aerospace & Defense
Distributors
4%
Distributors

Portfolio figures measured as the fair value of investments for each category against the total fair value of all investments, unless otherwise noted. Subject to change. Totals may not sum due to rounding.

1Regulatory leverage ratio calculated as total debt divided by total net assets.

2The Fund allocates to high-yield bonds and senior loans which are below investment grade and involve certain risks. Below investment grade securities are viewed as having predominately speculative characteristics with respect to the issuer's capacity to pay interest and repay principal.

3The Fund invests in senior debt/unitranche debt which are senior in the capital structure or secured by company assets and prioritized for repayment in the case of bankruptcy, while junior debt (second lien and mezzanine) debts have a lower priority of repayment than do other senior, or higher-ranked debt.