Portfolio

As of April 30, 2024

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

Portfolio Highlights

Issuer Count

171

Senior Secured

93.0%

Floating Rate

91.8%

Leverage1

0.48x

Portfolio Snapshot

Asset Allocation
56% Private Credit
35% Senior Loans (Syndicated)2
5% High Yield Bonds2
1% Equity
4% Other
Security Type
92% First Lien3
1% Second Lien
7% Unsecured
0% Equity
Geography
90% United States
10% Rest of World
Top 10 Industries
(as % of total portfolio, at fair value)
Software
20%
Software
Commercial Services & Supplies
8%
Commercial Services & Supplies
Health Care Providers & Services
6%
Health Care Providers & Services
Machinery
6%
Machinery
Financial Services
5%
Financial Services
Insurance
5%
Insurance
Health Care Technology
4%
Health Care Technology
Aerospace & Defense
4%
Aerospace & Defense
Diversified Consumer Services
3%
Diversified Consumer Services
Specialty Retail
3%
Specialty Retail

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.