Financial Highlights |
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Financial Highlights | Note 9. Financial Highlights The following are the financial highlights for the six months ended June 30, 2024:
The following are the financial highlights for the six months ended June 30, 2023:
_________________________________________________________________ (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) The amount shown at this caption is the balancing amount derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s shares in relation to fluctuating market values for the portfolio. (3) The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 6). (4) Total return is not annualized. An investment in the Company is subject to maximum upfront sales load of 3.5% and 1.5% for Class S shares and Class D shares, respectively, of the offering price, which will reduce the amount of capital available for investment. Class I shares is not subject to upfront sales load. (5) For the six months ended June 30, 2024, amounts are annualized except for organizational costs and management fee and income based incentive fee waivers by the Adviser. For the six months ended June 30, 2024, the total operating expenses to average net assets were 8.25%, 7.58% and 7.54%, for Class S shares, Class D shares and Class I shares, respectively, prior to management fee waivers and expense support provided by the Adviser. For the six months ended June 30, 2023, the total operating expenses to average net assets were 10.59%, 9.91%, 9.79% for Class S shares, Class D shares and Class I shares, respectively, prior to management fee waivers and expense support provided by the Adviser. Operating expenses may vary in the future based on the amount of capital raised, the Adviser’s election to continue expense support, and other unpredictable variables. (6) The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the asset coverage per unit. As of June 30, 2024, the Company's asset coverage was 247.2%. |