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Investments
9 Months Ended
Sep. 30, 2022
Schedule of Investments [Abstract]  
Investments InvestmentsThe composition of the Company’s investment portfolio at cost and fair value was as follows:
September 30, 2022December 31, 2021
CostFair Value% of Total
Investments at
Fair Value
CostFair Value% of Total
Investments at
Fair Value
First lien debt$9,524,640 $9,468,536 97.90 %$9,563,051 $9,621,939 97.63 %
Second lien debt70,632 66,313 0.69 62,445 63,175 0.64 
Equity investments110,065 137,267 1.41 119,630 170,265 1.73 
Total$9,705,337 $9,672,116 100.00 %$9,745,126 $9,855,379 100.00 %
The industry composition of investments at fair value was as follows:

September 30, 2022December 31, 2021
Aerospace & Defense4.83 %5.02 %
Air Freight & Logistics5.36 5.30 
Building Products3.45 4.06 
Chemicals— 1.12 
Commercial Services & Supplies7.67 6.75 
Construction & Engineering0.43 0.30 
Containers & Packaging0.20 0.19 
Distributors5.03 4.52 
Diversified Consumer Services3.48 3.53 
Diversified Financial Services1.36 1.37 
Diversified Telecommunication Services1.04 0.93 
Electrical Equipment1.83 2.68 
Electronic Equipment, Instruments & Components1.07 1.10 
Electric Utilities0.33 0.32 
Energy Equipment & Services0.67 0.66 
Health Care Equipment & Supplies0.52 0.51 
Health Care Providers & Services11.56 13.97 
Health Care Technology3.64 3.37 
Industrial Conglomerates0.10 0.10 
Insurance7.97 6.87 
Interactive Media & Services— 0.48 
Internet & Direct Marketing Retail3.31 3.29 
IT Services2.88 2.68 
Machinery0.04 0.03 
Marine0.26 0.25 
Oil, Gas & Consumable Fuels1.54 1.53 
Paper & Forest Products0.07 0.06 
Professional Services8.03 7.91 
Real Estate Management & Development1.43 1.28 
Road & Rail0.17 0.26 
Software14.58 13.22 
Specialty Retail1.76 1.70 
Technology Hardware, Storage & Peripherals0.84 0.86 
Trading Companies & Distributors1.04 0.96 
Transportation Infrastructure3.51 2.82 
Total100.00 %100.00 %
The geographic composition of investments at cost and fair value was as follows:
September 30, 2022
CostFair Value% of Total
Investments at
Fair Value
Fair Value
as % of Net
Assets
United States$8,946,267 $8,939,765 92.43 %214.45 %
Canada549,455 542,464 5.61 13.00 
Europe209,615 189,887 1.96 4.55 
Total$9,705,337 $9,672,116 100.00 %232.00 %

December 31, 2021
CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$9,214,101 $9,311,386 94.48 %209.36 %
Canada481,348 494,037 5.01 11.11 
Europe49,677 49,956 0.51 1.12 
Total$9,745,126 $9,855,379 100.00 %221.59 %

As of September 30, 2022 and December 31, 2021, no loans in the portfolio were on non-accrual status.

As of September 30, 2022 and December 31, 2021, on a fair value basis, approximately 99.9% and 99.9%, respectively, of our performing debt investments bore interest at a floating rate and approximately 0.1% and 0.1%, respectively, of our performing debt investments bore interest at a fixed rate.