Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES - 95.6 % | ||||||
$ 46,822 | Loan ID 200012 | ARM | 9.800% | 7/1/2037 | $ 47,421 | |
32,522 | Loan ID 200016 | ARM | 10.375% | 1/1/2031 | 33,172 | |
43,418 | Loan ID 200018 | Fixed | 7.000% | 1/1/2033 | 44,287 | |
96,419 | Loan ID 200023 | Fixed | 5.875% | 12/1/2050 | 61,687 | |
201,664 | Loan ID 200026 | Fixed | 4.750% | 1/1/2050 | 205,697 | |
190,295 | Loan ID 200029 | Fixed | 6.310% | 7/1/2037 | 194,101 | |
527,317 | Loan ID 200035 | Fixed | 4.625% | 11/1/2050 | 500,951 | |
105,103 | Loan ID 200041 | Fixed | 4.875% | 8/1/2039 | 68,317 | |
36,896 | Loan ID 200042 | Fixed | 7.000% | 12/1/2037 | 37,634 | |
44,436 | Loan ID 200043 | Fixed | 6.125% | 7/1/2039 | 45,325 | |
47,020 | Loan ID 200048 | Fixed | 5.500% | 8/1/2039 | 47,960 | |
49,340 | Loan ID 200054 | Fixed | 8.250% | 3/1/2039 | 50,327 | |
73,899 | Loan ID 200055 | Fixed | 10.000% | 1/5/2036 | 75,377 | |
28,407 | Loan ID 200060 | Fixed | 5.750% | 8/1/2039 | 28,975 | |
157,871 | Loan ID 200076 | Fixed | 4.250% | 12/1/2041 | 105,040 | |
13,974 | Loan ID 200078 | Fixed | 7.000% | 8/1/2036 | 14,253 | |
131,382 | Loan ID 200079 | Fixed | 5.000% | 2/1/2059 | 121,962 | |
62,370 | Loan ID 200082 | Fixed | 8.250% | 4/1/2040 | 61,920 | |
167,237 | Loan ID 200084 | Fixed | 7.000% | 3/1/2039 | 160,751 | |
213,722 | Loan ID 200087 | Fixed | 6.000% | 3/1/2051 | 209,016 | |
111,586 | Loan ID 200088 | Fixed | 7.000% | 6/1/2039 | 97,217 | |
249,122 | Loan ID 200089 | Fixed | 3.875% | 3/1/2052 | 219,813 | |
269,111 | Loan ID 200090 | Fixed | 4.500% | 11/1/2036 | 189,398 | |
67,960 | Loan ID 200102 | Fixed | 8.250% | 3/1/2040 | 69,319 | |
103,433 | Loan ID 200110 | Fixed | 8.250% | 8/1/2039 | 105,501 | |
66,564 | Loan ID 200128 | Fixed | 4.710% | 7/1/2037 | 62,288 | |
433,960 | Loan ID 200129 | Fixed | 4.625% | 3/1/2052 | 399,831 | |
110,752 | Loan ID 200135 | Fixed | 4.375% | 12/1/2042 | 110,229 | |
112,834 | Loan ID 200137 | Fixed | 4.500% | 9/1/2042 | 112,849 | |
71,545 | Loan ID 200141 | Fixed | 4.250% | 2/1/2042 | 70,521 | |
372,522 | Loan ID 200145 | Fixed | 4.625% | 8/1/2051 | 352,727 | |
89,696 | Loan ID 200152 | ARM | 3.000% | 9/1/2037 | 85,211 | |
137,998 | Loan ID 200158 | Fixed | 3.625% | 12/1/2042 | 132,048 | |
176,507 | Loan ID 200165 | Fixed | 4.375% | 12/1/2041 | 175,851 | |
19,333 | Loan ID 200169 | Fixed | 6.923% | 9/1/2034 | 19,719 | |
80,745 | Loan ID 200174 | Fixed | 7.340% | 4/1/2037 | 82,359 | |
45,851 | Loan ID 200175 | Fixed | 9.600% | 5/1/2037 | 46,768 | |
9,094 | Loan ID 200177 | Fixed | 8.000% | 1/11/2022 | 9,276 | |
104,065 | Loan ID 200181 | Fixed | 7.500% | 6/1/2041 | 88,660 | |
66,409 | Loan ID 200184 | Fixed | 4.375% | 12/1/2042 | 66,061 | |
25,648 | Loan ID 200185 | Fixed | 5.375% | 6/1/2042 | 26,161 | |
48,820 | Loan ID 200186 | Fixed | 5.125% | 8/1/2042 | 49,797 | |
147,560 | Loan ID 200194 | Fixed | 4.750% | 9/1/2041 | 149,587 | |
231,419 | Loan ID 200195 | Fixed | 3.875% | 3/1/2042 | 225,115 | |
36,505 | Loan ID 200198 | Fixed | 5.250% | 10/1/2042 | 37,235 | |
34,526 | Loan ID 200201 | Fixed | 5.125% | 8/1/2041 | 35,217 | |
19,134 | Loan ID 200206 | Fixed | 3.990% | 12/1/2042 | 18,704 | |
40,992 | Loan ID 200208 | Fixed | 4.250% | 1/1/2043 | 40,577 | |
166,217 | Loan ID 200209 | Fixed | 3.875% | 8/1/2042 | 161,612 | |
129,597 | Loan ID 200217 | Fixed | 5.250% | 7/1/2040 | 132,189 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 66,072 | Loan ID 200218 | Fixed | 4.250% | 12/1/2041 | $ 65,529 | |
45,477 | Loan ID 200228 | Fixed | 4.625% | 8/1/2042 | 45,752 | |
105,870 | Loan ID 200243 | Fixed | 3.750% | 4/1/2043 | 101,982 | |
23,396 | Loan ID 200244 | Fixed | 5.000% | 5/1/2042 | 23,863 | |
81,269 | Loan ID 200286 | Fixed | 4.500% | 7/1/2043 | 81,340 | |
88,722 | Loan ID 200287 | Fixed | 4.375% | 7/1/2043 | 88,279 | |
183,003 | Loan ID 200296 | Fixed | 3.250% | 2/1/2043 | 170,001 | |
31,379 | Loan ID 200313 | Fixed | 8.500% | 3/1/2028 | 32,007 | |
261,465 | Loan ID 200315 | ARM | 3.375% | 6/1/2037 | 256,131 | |
59,171 | Loan ID 200317 | Fixed | 7.000% | 9/1/2032 | 60,354 | |
240,423 | Loan ID 200330 | Fixed | 7.000% | 8/1/2037 | 177,340 | |
88,953 | Loan ID 200332 | Fixed | 5.775% | 10/1/2037 | 90,732 | |
84,341 | Loan ID 200334 | Fixed | 7.000% | 1/1/2033 | 86,027 | |
253,052 | Loan ID 200335 | Fixed | 5.000% | 11/1/2052 | 257,552 | |
40,423 | Loan ID 200338 | ARM | 10.500% | 8/1/2029 | 41,231 | |
26,105 | Loan ID 200340 | Fixed | 7.000% | 3/1/2030 | 26,627 | |
53,803 | Loan ID 200348 | Fixed | 6.500% | 7/1/2038 | 54,879 | |
60,968 | Loan ID 200352 | Fixed | 7.000% | 8/1/2030 | 62,187 | |
63,786 | Loan ID 200358 | Fixed | 5.000% | 4/1/2025 | 64,610 | |
59,781 | Loan ID 200361 | Fixed | 7.500% | 1/1/2034 | 60,976 | |
78,974 | Loan ID 200366 | Fixed | 6.250% | 3/1/2034 | 80,553 | |
150,115 | Loan ID 200368 | Fixed | 4.500% | 4/1/2036 | 151,091 | |
64,280 | Loan ID 200374 | ARM | 7.000% | 5/1/2034 | 61,066 | |
171,580 | Loan ID 200380 | Fixed | 4.220% | 4/1/2049 | 170,687 | |
271,804 | Loan ID 200384 | Fixed | 5.000% | 11/1/2047 | 247,296 | |
132,817 | Loan ID 200385 | Fixed | 8.250% | 1/1/2040 | 135,474 | |
116,927 | Loan ID 200389 | Fixed | 4.820% | 8/1/2047 | 22,972 | |
185,830 | Loan ID 200390 | Fixed | 4.780% | 4/16/2047 | 172,609 | |
138,054 | Loan ID 200391 | Fixed | 4.000% | 1/13/2035 | 136,261 | |
59,680 | Loan ID 200392 | Fixed | 10.000% | 6/5/2034 | 56,696 | |
75,048 | Loan ID 200395 | Fixed | 4.860% | 4/1/2047 | 49,033 | |
65,877 | Loan ID 200396 | Fixed | 10.000% | 2/1/2036 | 67,195 | |
67,299 | Loan ID 200397 | ARM | 3.125% | 9/1/2037 | 66,484 | |
55,657 | Loan ID 200399 | Fixed | 4.980% | 6/1/2037 | 56,770 | |
39,639 | Loan ID 200403 | Fixed | 8.300% | 10/15/2032 | 40,432 | |
50,077 | Loan ID 200404 | Fixed | 8.100% | 5/1/2037 | 51,078 | |
82,484 | Loan ID 200405 | Fixed | 4.870% | 12/1/2035 | 83,810 | |
110,324 | Loan ID 200406 | Fixed | 4.875% | 10/1/2051 | 112,531 | |
215,101 | Loan ID 200407 | Fixed | 6.500% | 4/1/2042 | 219,403 | |
328,556 | Loan ID 200409 | Fixed | 6.000% | 2/1/2049 | 303,220 | |
95,212 | Loan ID 200411 | Fixed | 8.275% | 6/1/2037 | 97,117 | |
60,878 | Loan ID 200417 | Fixed | 7.000% | 5/1/2035 | 62,095 | |
142,663 | Loan ID 200420 | Fixed | 4.225% | 4/10/2038 | 141,757 | |
68,219 | Loan ID 200421 | Fixed | 7.710% | 8/1/2037 | 69,583 | |
116,195 | Loan ID 200423 | Fixed | 4.500% | 6/1/2043 | 116,253 | |
200,466 | Loan ID 200430 | Fixed | 3.625% | 7/1/2043 | 191,361 | |
260,287 | Loan ID 200432 | Fixed | 4.875% | 5/1/2043 | 264,238 | |
115,895 | Loan ID 200433 | Fixed | 4.250% | 8/1/2043 | 114,752 | |
188,686 | Loan ID 200435 | Fixed | 4.625% | 11/1/2052 | 191,278 | |
39,495 | Loan ID 200439 | Fixed | 5.000% | 8/1/2041 | 37,521 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 126,509 | Loan ID 200445 | Fixed | 5.250% | 2/1/2039 | $ 129,039 | |
29,294 | Loan ID 200447 | Fixed | 5.875% | 11/4/2034 | 29,880 | |
72,612 | Loan ID 200448 | Fixed | 5.750% | 5/1/2042 | 71,409 | |
128,801 | Loan ID 200449 | Fixed | 5.000% | 2/1/2042 | 120,658 | |
317,988 | Loan ID 200451 | Fixed | 6.250% | 7/1/2038 | 324,347 | |
171,772 | Loan ID 200460 | Fixed | 7.000% | 7/1/2041 | 175,207 | |
358,287 | Loan ID 200462 | Fixed | 6.000% | 7/1/2045 | �� 365,453 | |
212,370 | Loan ID 200465 | Fixed | 6.500% | 7/1/2037 | 216,617 | |
101,915 | Loan ID 200468 | Fixed | 5.625% | 12/1/2044 | 36,826 | |
114,510 | Loan ID 200469 | Fixed | 6.500% | 7/1/2037 | 115,102 | |
230,841 | Loan ID 200474 | Fixed | 5.750% | 11/1/2050 | 235,457 | |
181,582 | Loan ID 200476 | Fixed | 6.000% | 9/1/2050 | 185,213 | |
102,164 | Loan ID 200489 | Fixed | 4.000% | 3/1/2043 | 100,002 | |
180,639 | Loan ID 200491 | Fixed | 5.500% | 10/1/2039 | 184,252 | |
251,448 | Loan ID 200494 | Fixed | 4.625% | 10/1/2043 | 253,344 | |
181,602 | Loan ID 200500 | Fixed | 5.875% | 2/1/2037 | 185,234 | |
60,308 | Loan ID 200507 | Fixed | 4.500% | 9/1/2042 | 60,390 | |
90,123 | Loan ID 200517 | Fixed | 8.000% | 5/1/2039 | 90,123 | |
180,757 | Loan ID 200518 | Fixed | 3.000% | 12/1/2050 | 167,427 | |
100,971 | Loan ID 200527 | Fixed | 4.500% | 12/1/2043 | 101,117 | |
95,766 | Loan ID 200532 | Fixed | 3.250% | 7/1/2043 | 88,878 | |
38,656 | Loan ID 200545 | Fixed | 4.375% | 2/1/2029 | 38,477 | |
121,487 | Loan ID 200564 | Fixed | 4.875% | 5/1/2039 | 123,825 | |
84,471 | Loan ID 200573 | Fixed | 3.750% | 9/1/2042 | 81,375 | |
118,808 | Loan ID 200574 | Fixed | 4.875% | 1/1/2044 | 120,912 | |
164,336 | Loan ID 200578 | Fixed | 4.750% | 8/1/2040 | 164,021 | |
42,760 | Loan ID 200579 | Fixed | 4.875% | 5/1/2042 | 43,433 | |
152,557 | Loan ID 200580 | Fixed | 4.125% | 11/1/2041 | 99,162 | |
290,306 | Loan ID 200586 | Fixed | 3.500% | 1/1/2043 | 274,839 | |
59,110 | Loan ID 200593 | Fixed | 3.875% | 6/1/2042 | 57,480 | |
34,422 | Loan ID 200597 | Fixed | 5.625% | 2/1/2044 | 35,110 | |
65,128 | Loan ID 200604 | Fixed | 3.500% | 1/1/2043 | 61,641 | |
112,898 | Loan ID 200612 | Fixed | 4.500% | 2/1/2043 | 113,009 | |
308,809 | Loan ID 200616 | Fixed | 4.875% | 2/1/2044 | 313,999 | |
204,992 | Loan ID 200620 | Fixed | 4.250% | 10/1/2043 | 203,053 | |
117,703 | Loan ID 200627 | Fixed | 4.250% | 10/1/2043 | 116,477 | |
150,307 | Loan ID 200630 | Fixed | 5.250% | 9/1/2043 | 153,313 | |
207,837 | Loan ID 200634 | Fixed | 4.375% | 1/1/2044 | 206,990 | |
107,558 | Loan ID 200645 | Fixed | 5.000% | 4/1/2044 | 109,709 | |
127,756 | Loan ID 200649 | Fixed | 4.375% | 3/1/2044 | 127,198 | |
118,232 | Loan ID 200650 | Fixed | 4.875% | 5/1/2044 | 120,340 | |
204,178 | Loan ID 200651 | Fixed | 3.625% | 7/1/2043 | 194,866 | |
124,370 | Loan ID 200655 | Fixed | 3.375% | 5/1/2043 | 116,436 | |
166,172 | Loan ID 200656 | Fixed | 6.875% | 11/1/2045 | 168,645 | |
137,442 | Loan ID 200657 | Fixed | 4.875% | 8/1/2051 | 140,128 | |
160,141 | Loan ID 200660 | Fixed | 5.875% | 3/1/2038 | 163,344 | |
191,440 | Loan ID 200662 | Fixed | 5.000% | 3/1/2044 | 195,269 | |
62,817 | Loan ID 200663 | Fixed | 4.750% | 5/1/2044 | 63,636 | |
142,125 | Loan ID 200669 | Fixed | 5.250% | 4/1/2044 | 144,968 | |
43,324 | Loan ID 200670 | Fixed | 4.375% | 2/1/2029 | 43,145 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 281,668 | Loan ID 200674 | Fixed | 4.500% | 5/1/2044 | $ 282,339 | |
232,705 | Loan ID 200679 | Fixed | 5.000% | 4/1/2044 | 219,764 | |
172,966 | Loan ID 200682 | Fixed | 4.875% | 5/1/2044 | 175,916 | |
115,332 | Loan ID 200684 | Fixed | 4.875% | 4/1/2044 | 117,424 | |
209,763 | Loan ID 200685 | Fixed | 4.875% | 5/1/2044 | 213,068 | |
202,337 | Loan ID 200690 | Fixed | 4.250% | 4/1/2044 | 200,459 | |
222,239 | Loan ID 200692 | Fixed | 4.625% | 7/1/2044 | 223,442 | |
96,766 | Loan ID 200694 | Fixed | 4.500% | 9/1/2043 | 96,917 | |
42,450 | Loan ID 200696 | Fixed | 3.750% | 10/1/2042 | 40,971 | |
80,357 | Loan ID 200700 | Fixed | 4.250% | 2/1/2044 | 79,486 | |
158,743 | Loan ID 200701 | Fixed | 4.750% | 6/1/2044 | 149,005 | |
87,318 | Loan ID 200704 | Fixed | 4.375% | 3/1/2043 | 86,804 | |
46,024 | Loan ID 200709 | Fixed | 4.375% | 4/1/2043 | 45,818 | |
103,459 | Loan ID 200710 | Fixed | 4.500% | 7/1/2044 | 101,770 | |
561,602 | Loan ID 200714 | Fixed | 4.175% | 11/1/2036 | 557,812 | |
185,959 | Loan ID 200716 | ARM | 3.120% | 8/1/2037 | 184,024 | |
129,210 | Loan ID 200720 | ARM | 4.500% | 4/1/2042 | 109,891 | |
143,139 | Loan ID 200726 | Fixed | 4.375% | 9/1/2037 | 134,927 | |
182,511 | Loan ID 200732 | Fixed | 4.125% | 9/1/2027 | 180,704 | |
91,743 | Loan ID 200735 | Fixed | 4.500% | 6/1/2044 | 91,888 | |
132,031 | Loan ID 200736 | Fixed | 4.750% | 5/1/2044 | 131,339 | |
159,764 | Loan ID 200742 | Fixed | 4.250% | 4/1/2043 | 157,911 | |
54,713 | Loan ID 200753 | Fixed | 5.250% | 5/1/2044 | 55,808 | |
47,957 | Loan ID 200755 | Fixed | 4.250% | 6/1/2043 | 47,495 | |
169,096 | Loan ID 200756 | Fixed | 4.875% | 11/1/2043 | 171,938 | |
163,275 | Loan ID 200771 | Fixed | 4.500% | 4/1/2043 | 150,861 | |
40,268 | Loan ID 200775 | Fixed | 4.250% | 4/1/2043 | 39,835 | |
73,494 | Loan ID 200776 | Fixed | 4.250% | 3/1/2044 | 72,668 | |
49,093 | Loan ID 200777 | Fixed | 4.750% | 6/1/2044 | 49,559 | |
153,560 | Loan ID 200781 | Fixed | 4.625% | 9/1/2044 | 154,113 | |
77,740 | Loan ID 200783 | Fixed | 4.750% | 9/1/2044 | 78,641 | |
101,984 | Loan ID 200785 | Fixed | 4.500% | 8/1/2044 | 102,161 | |
206,987 | Loan ID 200786 | Fixed | 4.625% | 7/1/2044 | 208,723 | |
39,618 | Loan ID 200787 | Fixed | 4.750% | 9/1/2044 | 40,049 | |
116,943 | Loan ID 200789 | Fixed | 3.750% | 9/1/2044 | 112,572 | |
185,843 | Loan ID 200791 | Fixed | 4.875% | 6/1/2044 | 188,622 | |
82,340 | Loan ID 200795 | Fixed | 6.750% | 8/1/2036 | 83,986 | |
68,643 | Loan ID 200796 | Fixed | 5.880% | 12/1/2053 | 31,926 | |
55,990 | Loan ID 200799 | Fixed | 4.000% | 2/5/2053 | 53,802 | |
61,213 | Loan ID 200800 | Fixed | 4.000% | 1/1/2053 | 60,486 | |
146,035 | Loan ID 200805 | Fixed | 4.625% | 7/1/2050 | 130,918 | |
53,622 | Loan ID 200808 | Fixed | 4.250% | 11/1/2050 | 45,159 | |
112,356 | Loan ID 200809 | Fixed | 5.000% | 4/1/2050 | 104,113 | |
221,444 | Loan ID 200814 | Fixed | 8.250% | 7/1/2039 | 225,873 | |
271,921 | Loan ID 200817 | Fixed | 5.000% | 1/1/2050 | 243,216 | |
190,284 | Loan ID 200821 | Fixed | 4.250% | 8/1/2044 | 188,455 | |
73,743 | Loan ID 200823 | Fixed | 4.250% | 9/1/2044 | 73,037 | |
202,022 | Loan ID 200824 | Fixed | 4.250% | 8/1/2044 | 199,956 | |
96,464 | Loan ID 200826 | Fixed | 4.375% | 9/1/2044 | 95,922 | |
167,063 | Loan ID 200829 | Fixed | 4.375% | 7/1/2043 | 166,313 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 177,714 | Loan ID 200830 | ARM | 1.875% | 7/1/2044 | $ 177,554 | |
40,564 | Loan ID 200831 | Fixed | 4.250% | 10/1/2044 | 40,076 | |
306,349 | Loan ID 200832 | Fixed | 4.250% | 10/1/2044 | 297,875 | |
144,827 | Loan ID 200834 | Fixed | 4.125% | 7/1/2043 | 142,502 | |
269,125 | Loan ID 200844 | Fixed | 4.500% | 7/1/2043 | 269,355 | |
183,675 | Loan ID 200846 | Fixed | 4.375% | 11/1/2043 | 183,148 | |
96,205 | Loan ID 200853 | Fixed | 5.000% | 4/1/2037 | 98,129 | |
173,118 | Loan ID 200856 | Fixed | 6.500% | 6/1/2042 | 158,884 | |
249,091 | Loan ID 200858 | Fixed | 5.000% | 1/1/2053 | 254,073 | |
148,351 | Loan ID 200860 | Fixed | 3.875% | 3/1/2052 | 142,174 | |
232,767 | Loan ID 200863 | Fixed | 3.380% | 7/1/2052 | 220,709 | |
245,715 | Loan ID 200866 | Fixed | 3.400% | 5/1/2053 | 234,350 | |
105,969 | Loan ID 200867 | Fixed | 4.580% | 9/1/2053 | 106,874 | |
171,814 | Loan ID 200880 | Fixed | 4.250% | 6/1/2043 | 169,971 | |
55,237 | Loan ID 200883 | Fixed | 3.375% | 5/1/2028 | 51,748 | |
75,464 | Loan ID 200886 | Fixed | 4.250% | 10/1/2044 | 74,668 | |
210,749 | Loan ID 200887 | Fixed | 4.750% | 9/1/2044 | 213,113 | |
187,372 | Loan ID 200891 | Fixed | 4.250% | 10/1/2044 | 185,000 | |
224,235 | Loan ID 200892 | Fixed | 3.750% | 9/1/2043 | 216,021 | |
176,580 | Loan ID 200897 | Fixed | 4.750% | 10/1/2044 | 178,667 | |
358,598 | Loan ID 200907 | ARM | 3.170% | 8/1/2047 | 347,190 | |
98,370 | Loan ID 200908 | Fixed | 4.000% | 6/1/2049 | 97,445 | |
118,505 | Loan ID 200909 | Fixed | 4.870% | 4/1/2047 | 112,580 | |
638,943 | Loan ID 200912 | Fixed | 4.500% | 3/1/2037 | �� 642,693 | |
54,797 | Loan ID 200913 | Fixed | 4.250% | 5/1/2047 | 54,043 | |
135,089 | Loan ID 200914 | Fixed | 2.875% | 12/1/2047 | 126,079 | |
80,851 | Loan ID 200916 | Fixed | 4.000% | 10/1/2037 | 78,448 | |
150,286 | Loan ID 200917 | Fixed | 4.875% | 1/1/2051 | 153,290 | |
83,846 | Loan ID 200921 | ARM | 3.625% | 7/1/2051 | 83,099 | |
397,116 | Loan ID 200922 | Fixed | 3.340% | 9/1/2053 | 383,091 | |
116,580 | Loan ID 200928 | Fixed | 4.800% | 2/1/2041 | 118,605 | |
178,016 | Loan ID 200940 | Fixed | 3.250% | 2/1/2043 | 165,339 | |
102,514 | Loan ID 200941 | Fixed | 3.780% | 1/1/2043 | 97,020 | |
245,538 | Loan ID 200942 | Fixed | 4.000% | 4/1/2043 | 240,196 | |
95,126 | Loan ID 200944 | Fixed | 4.500% | 2/1/2044 | 95,171 | |
261,239 | Loan ID 200947 | Fixed | 4.000% | 2/1/2043 | 255,590 | |
138,589 | Loan ID 200948 | Fixed | 4.625% | 5/1/2061 | 139,402 | |
249,675 | Loan ID 200956 | Fixed | 5.000% | 8/1/2051 | 254,669 | |
378,122 | Loan ID 200959 | Fixed | 4.000% | 11/1/2042 | 370,182 | |
134,373 | Loan ID 200966 | Fixed | 4.875% | 7/1/2044 | 136,601 | |
333,086 | Loan ID 200969 | Fixed | 4.875% | 8/1/2043 | 338,790 | |
141,695 | Loan ID 200974 | Fixed | 4.250% | 10/1/2044 | 140,298 | |
326,211 | Loan ID 200977 | Fixed | 4.875% | 9/1/2044 | 332,018 | |
153,572 | Loan ID 200993 | Fixed | 2.004% | 7/15/2049 | 132,137 | |
51,455 | Loan ID 200996 | Fixed | 2.500% | 8/1/2048 | 45,711 | |
117,804 | Loan ID 201005 | Fixed | 4.750% | 7/1/2041 | 119,372 | |
39,072 | Loan ID 201006 | Fixed | 6.875% | 3/1/2038 | 39,854 | |
83,521 | Loan ID 201007 | Fixed | 7.125% | 4/1/2037 | 85,192 | |
71,696 | Loan ID 201010 | Fixed | 5.500% | 4/1/2039 | 71,696 | |
42,453 | Loan ID 201012 | Fixed | 7.500% | 12/1/2038 | 43,303 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 51,599 | Loan ID 201013 | Fixed | 7.500% | 12/1/2038 | $ 50,288 | |
101,648 | Loan ID 201016 | Fixed | 6.500% | 5/1/2046 | 103,681 | |
59,156 | Loan ID 201022 | ARM | 2.500% | 5/1/2037 | 54,777 | |
125,591 | Loan ID 201023 | Fixed | 6.450% | 2/1/2036 | 126,078 | |
99,072 | Loan ID 201027 | ARM | 9.538% | 3/1/2037 | 101,054 | |
130,539 | Loan ID 201032 | Fixed | 4.500% | 11/1/2044 | 130,519 | |
263,049 | Loan ID 201033 | Fixed | 4.125% | 12/1/2044 | 258,921 | |
78,137 | Loan ID 201036 | Fixed | 4.375% | 12/1/2044 | 77,793 | |
64,034 | Loan ID 201037 | Fixed | 8.250% | 7/1/2039 | 65,315 | |
85,967 | Loan ID 201041 | Fixed | 3.750% | 11/1/2052 | 83,685 | |
103,961 | Loan ID 201043 | Fixed | 4.000% | 4/1/2039 | 99,661 | |
159,069 | Loan ID 201044 | Fixed | 4.870% | 3/29/2037 | 162,193 | |
97,395 | Loan ID 201045 | Fixed | 3.375% | 7/1/2037 | 86,405 | |
276,448 | Loan ID 201046 | Fixed | 3.000% | 10/1/2058 | 171,316 | |
103,621 | Loan ID 201047 | Fixed | 3.625% | 4/1/2053 | 97,571 | |
61,932 | Loan ID 201053 | Fixed | 3.860% | 7/1/2053 | 60,664 | |
190,995 | Loan ID 201054 | Fixed | 2.400% | 5/17/2050 | 165,360 | |
145,775 | Loan ID 201057 | Fixed | 4.375% | 1/1/2050 | 146,028 | |
104,771 | Loan ID 201058 | Fixed | 4.250% | 8/1/2037 | 104,293 | |
94,104 | Loan ID 201060 | ARM | 2.500% | 7/1/2035 | 89,022 | |
77,531 | Loan ID 201061 | Fixed | 5.000% | 2/1/2050 | 74,956 | |
107,228 | Loan ID 201063 | Fixed | 4.000% | 9/1/2047 | 105,590 | |
214,472 | Loan ID 201066 | Fixed | 4.250% | 12/1/2046 | 213,619 | |
402,697 | Loan ID 201067 | Fixed | 4.750% | 1/1/2044 | 407,540 | |
62,316 | Loan ID 201069 | Fixed | 4.625% | 12/1/2044 | 62,791 | |
73,665 | Loan ID 201072 | Fixed | 3.500% | 3/1/2028 | 69,764 | |
86,950 | Loan ID 201075 | Fixed | 4.375% | 10/1/2044 | 86,528 | |
214,175 | Loan ID 201084 | Fixed | 5.000% | 8/1/2038 | 200,469 | |
145,252 | Loan ID 201091 | Fixed | 4.125% | 1/1/2045 | 142,583 | |
234,250 | Loan ID 201092 | Fixed | 5.250% | 4/1/2046 | 222,538 | |
130,955 | Loan ID 201093 | Fixed | 4.125% | 2/1/2045 | 113,711 | |
131,408 | Loan ID 201094 | Fixed | 4.550% | 3/1/2044 | 124,838 | |
322,323 | Loan ID 201101 | Fixed | 4.625% | 3/1/2045 | 319,066 | |
138,280 | Loan ID 201103 | ARM | 2.750% | 5/1/2044 | 131,790 | |
147,860 | Loan ID 201104 | Fixed | 4.375% | 4/1/2045 | 147,286 | |
67,861 | Loan ID 201107 | Fixed | 5.150% | 2/1/2036 | 69,218 | |
148,532 | Loan ID 201111 | Fixed | 4.875% | 4/1/2050 | 138,108 | |
75,645 | Loan ID 201113 | Fixed | 5.750% | 12/1/2052 | 71,863 | |
114,980 | Loan ID 201114 | Fixed | 8.087% | 5/1/2054 | 109,231 | |
473,197 | Loan ID 201115 | Fixed | 4.000% | 2/1/2051 | 465,684 | |
75,418 | Loan ID 201122 | Fixed | 4.750% | 11/1/2048 | 76,661 | |
210,524 | Loan ID 201124 | Fixed | 4.750% | 4/1/2040 | 213,694 | |
69,571 | Loan ID 201127 | ARM | 2.500% | 4/1/2037 | 67,156 | |
106,391 | Loan ID 201130 | Fixed | 4.850% | 12/1/2037 | 107,890 | |
114,260 | Loan ID 201131 | Fixed | 8.250% | 5/1/2053 | 116,545 | |
156,036 | Loan ID 201132 | Fixed | 4.250% | 7/1/2037 | 143,991 | |
178,740 | Loan ID 201134 | Fixed | 4.625% | 10/1/2053 | 168,060 | |
166,184 | Loan ID 201139 | Fixed | 3.000% | 11/1/2053 | 153,785 | |
78,834 | Loan ID 201143 | Fixed | 3.500% | 11/1/2037 | 70,725 | |
125,041 | Loan ID 201146 | Fixed | 4.875% | 8/1/2054 | 126,457 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 104,077 | Loan ID 201147 | Fixed | 4.125% | 11/1/2051 | $ 99,051 | |
86,635 | Loan ID 201148 | Fixed | 3.950% | 10/1/2042 | 85,598 | |
312,518 | Loan ID 201149 | Fixed | 5.000% | 5/1/2058 | 154,335 | |
88,699 | Loan ID 201155 | Fixed | 5.000% | 11/1/2053 | 59,821 | |
60,642 | Loan ID 201156 | Fixed | 5.000% | 4/1/2050 | 56,049 | |
188,567 | Loan ID 201160 | Fixed | 4.920% | 10/1/2049 | 178,257 | |
358,554 | Loan ID 201163 | Fixed | 4.750% | 12/1/2049 | 304,889 | |
157,282 | Loan ID 201164 | Fixed | 4.250% | 11/1/2051 | 154,757 | |
402,480 | Loan ID 201168 | Fixed | 3.875% | 4/1/2052 | 374,866 | |
93,791 | Loan ID 201169 | Fixed | 5.934% | 9/1/2037 | 95,667 | |
51,454 | Loan ID 201170 | Fixed | 4.375% | 7/1/2037 | 51,511 | |
102,212 | Loan ID 201173 | Fixed | 4.280% | 11/1/2047 | 80,714 | |
122,651 | Loan ID 201176 | Fixed | 4.250% | 7/1/2053 | 122,425 | |
290,352 | Loan ID 201179 | Fixed | 4.750% | 5/1/2051 | 267,741 | |
256,961 | Loan ID 201181 | Fixed | 4.500% | 4/1/2034 | 244,113 | |
125,287 | Loan ID 201183 | Fixed | 3.500% | 10/1/2052 | 120,543 | |
59,037 | Loan ID 201184 | Fixed | 4.000% | 6/1/2049 | 58,446 | |
233,343 | Loan ID 201185 | Fixed | 7.250% | 10/1/2053 | 238,010 | |
76,327 | Loan ID 201187 | Fixed | 5.000% | 11/1/2048 | 56,381 | |
577,053 | Loan ID 201196 | Fixed | 4.375% | 11/1/2036 | 577,781 | |
307,061 | Loan ID 201199 | Fixed | 5.125% | 11/1/2046 | 313,202 | |
136,333 | Loan ID 201205 | Fixed | 4.625% | 1/1/2045 | 137,247 | |
106,051 | Loan ID 201208 | Fixed | 4.625% | 4/1/2045 | 106,521 | |
165,318 | Loan ID 201209 | Fixed | 4.250% | 4/1/2045 | 163,702 | |
388,528 | Loan ID 201212 | Fixed | 4.625% | 3/1/2061 | 391,296 | |
181,929 | Loan ID 201213 | Fixed | 4.875% | 8/1/2044 | 184,424 | |
494,498 | Loan ID 201214 | ARM | 2.750% | 9/1/2043 | 469,839 | |
57,830 | Loan ID 201221 | Fixed | 3.250% | 5/1/2043 | 50,805 | |
44,824 | Loan ID 201222 | Fixed | 5.125% | 1/1/2045 | 45,720 | |
145,308 | Loan ID 201240 | Fixed | 4.250% | 10/1/2045 | 143,032 | |
273,696 | Loan ID 201241 | Fixed | 4.375% | 7/1/2045 | 273,055 | |
101,823 | Loan ID 201243 | Fixed | 4.625% | 11/1/2045 | 102,491 | |
369,659 | Loan ID 201244 | Fixed | 4.500% | 6/1/2045 | 370,488 | |
104,853 | Loan ID 201245 | Fixed | 4.750% | 8/1/2044 | 106,206 | |
93,229 | Loan ID 201248 | Fixed | 4.875% | 7/1/2044 | 94,652 | |
458,617 | Loan ID 201249 | Fixed | 4.625% | 3/1/2059 | 460,002 | |
194,430 | Loan ID 201254 | Fixed | 7.250% | 5/1/2060 | 198,318 | |
217,524 | Loan ID 201255 | ARM | 6.750% | 6/1/2035 | 221,875 | |
3,009 | Loan ID 201256 | ARM | 10.500% | 10/1/2021 | 2,859 | |
159,801 | Loan ID 201260 | Fixed | 4.750% | 9/1/2045 | 161,336 | |
46,497 | Loan ID 201263 | Fixed | 4.750% | 10/1/2045 | 46,956 | |
135,742 | Loan ID 201266 | Fixed | 4.500% | 2/1/2046 | 135,547 | |
139,587 | Loan ID 201270 | Fixed | 4.125% | 2/1/2045 | 137,252 | |
235,093 | Loan ID 201271 | Fixed | 4.500% | 6/1/2045 | 235,596 | |
224,239 | Loan ID 201273 | Fixed | 4.500% | 12/1/2045 | 223,780 | |
200,976 | Loan ID 201274 | Fixed | 4.125% | 10/1/2045 | 197,320 | |
23,892 | Loan ID 201285 | Fixed | 4.625% | 11/1/2028 | 24,370 | |
286,315 | Loan ID 201291 | Fixed | 5.000% | 8/1/2045 | 234,795 | |
114,602 | Loan ID 201294 | Fixed | 4.625% | 2/1/2046 | 113,511 | |
710,167 | Loan ID 201296 | Fixed | 4.250% | 2/1/2046 | 700,106 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 67,503 | Loan ID 201301 | Fixed | 4.550% | 10/1/2044 | $ 67,698 | |
125,982 | Loan ID 201302 | Fixed | 4.250% | 5/1/2045 | 124,472 | |
138,066 | Loan ID 201305 | Fixed | 4.625% | 8/1/2044 | 138,918 | |
108,251 | Loan ID 201306 | Fixed | 3.875% | 9/1/2045 | 104,732 | |
164,692 | Loan ID 201307 | Fixed | 4.250% | 10/1/2048 | 162,843 | |
58,144 | Loan ID 201308 | Fixed | 4.625% | 11/1/2045 | 58,373 | |
150,753 | Loan ID 201309 | Fixed | 4.000% | 9/1/2045 | 147,155 | |
300,823 | Loan ID 201313 | Fixed | 4.625% | 1/1/2046 | 302,678 | |
151,621 | Loan ID 201316 | Fixed | 4.500% | 2/1/2046 | 150,302 | |
160,246 | Loan ID 201319 | Fixed | 4.375% | 10/1/2045 | 159,584 | |
127,590 | Loan ID 201324 | Fixed | 5.250% | 4/1/2046 | 130,142 | |
165,380 | Loan ID 201326 | Fixed | 4.625% | 3/1/2046 | 166,405 | |
177,926 | Loan ID 201328 | Fixed | 4.250% | 11/1/2045 | 112,343 | |
344,056 | Loan ID 201333 | Fixed | 3.875% | 11/1/2045 | 332,274 | |
178,887 | Loan ID 201336 | Fixed | 4.750% | 1/1/2046 | 165,548 | |
224,203 | Loan ID 201350 | Fixed | 4.000% | 6/1/2045 | 157,755 | |
60,913 | Loan ID 201352 | Fixed | 4.875% | 3/1/2045 | 61,661 | |
468,088 | Loan ID 201354 | Fixed | 3.375% | 7/1/2046 | 455,872 | |
126,991 | Loan ID 201355 | Fixed | 5.250% | 12/1/2045 | 129,530 | |
141,599 | Loan ID 201358 | Fixed | 4.875% | 7/1/2045 | 143,919 | |
104,737 | Loan ID 201364 | Fixed | 3.875% | 4/1/2046 | 101,325 | |
317,399 | Loan ID 201365 | Fixed | 4.250% | 10/1/2045 | 312,823 | |
44,146 | Loan ID 201368 | Fixed | 5.125% | 2/1/2045 | 45,029 | |
170,988 | Loan ID 201370 | Fixed | 4.250% | 7/1/2046 | 168,630 | |
94,616 | Loan ID 201371 | Fixed | 4.125% | 4/1/2046 | 92,474 | |
245,249 | Loan ID 201372 | Fixed | 4.625% | 8/1/2046 | 246,669 | |
134,923 | Loan ID 201375 | Fixed | 4.500% | 6/1/2045 | 135,202 | |
259,123 | Loan ID 201377 | Fixed | 3.875% | 5/1/2046 | 258,141 | |
297,504 | Loan ID 201381 | Fixed | 4.875% | 7/1/2045 | 302,285 | |
130,886 | Loan ID 201385 | Fixed | 4.625% | 12/1/2045 | 130,886 | |
220,580 | Loan ID 201390 | Fixed | 5.125% | 9/1/2045 | 224,992 | |
373,968 | Loan ID 201391 | Fixed | 5.125% | 10/1/2045 | 373,968 | |
407,893 | Loan ID 201393 | Fixed | 3.750% | 4/1/2056 | 407,590 | |
70,524 | Loan ID 201394 | Fixed | 6.700% | 6/1/2034 | 71,934 | |
81,165 | Loan ID 201395 | Fixed | 6.300% | 7/1/2044 | 16,419 | |
80,813 | Loan ID 201400 | Fixed | 4.750% | 7/1/2044 | 81,723 | |
84,871 | Loan ID 201401 | Fixed | 4.750% | 10/1/2044 | 85,875 | |
88,687 | Loan ID 201403 | Fixed | 4.750% | 8/1/2044 | 80,731 | |
127,045 | Loan ID 201404 | Fixed | 4.750% | 10/1/2044 | 126,915 | |
67,691 | Loan ID 201405 | Fixed | 5.250% | 8/1/2044 | 69,045 | |
51,612 | Loan ID 201406 | Fixed | 4.250% | 6/1/2046 | 50,900 | |
229,003 | Loan ID 201407 | Fixed | 4.875% | 1/1/2046 | 232,904 | |
154,585 | Loan ID 201411 | Fixed | 4.750% | 12/1/2045 | 156,292 | |
135,368 | Loan ID 201412 | Fixed | 5.750% | 12/1/2045 | 138,075 | |
317,077 | Loan ID 201413 | Fixed | 4.500% | 7/1/2045 | 317,776 | |
69,143 | Loan ID 201414 | Fixed | 4.250% | 7/1/2044 | 68,405 | |
51,880 | Loan ID 201415 | Fixed | 8.000% | 4/1/2034 | 52,917 | |
56,158 | Loan ID 201417 | Fixed | 6.000% | 8/1/2037 | 57,281 | |
38,698 | Loan ID 201419 | Fixed | 10.000% | 11/1/2033 | 39,472 | |
54,081 | Loan ID 201422 | Fixed | 4.625% | 10/1/2046 | 54,131 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 504,788 | Loan ID 201428 | ARM | 2.500% | 4/1/2045 | $ 480,373 | |
185,677 | Loan ID 201431 | Fixed | 4.875% | 5/1/2045 | 185,594 | |
92,766 | Loan ID 201434 | Fixed | 4.375% | 6/1/2046 | 92,323 | |
85,070 | Loan ID 201436 | Fixed | 4.375% | 5/1/2045 | 84,699 | |
127,376 | Loan ID 201437 | Fixed | 4.750% | 5/1/2046 | 35,197 | |
169,789 | Loan ID 201439 | Fixed | 5.000% | 12/1/2045 | 173,185 | |
301,600 | Loan ID 201440 | Fixed | 4.625% | 7/1/2046 | 187,787 | |
283,028 | Loan ID 201442 | Fixed | 4.875% | 12/1/2045 | 287,043 | |
48,165 | Loan ID 201444 | Fixed | 4.500% | 11/1/2044 | 48,134 | |
238,688 | Loan ID 201447 | Fixed | 4.875% | 10/1/2044 | 242,192 | |
86,978 | Loan ID 201449 | Fixed | 4.000% | 8/1/2044 | 84,804 | |
210,698 | Loan ID 201451 | Fixed | 4.250% | 6/1/2045 | 208,183 | |
221,796 | Loan ID 201458 | Fixed | 3.875% | 9/1/2046 | 209,887 | |
148,642 | Loan ID 201460 | Fixed | 4.250% | 7/1/2045 | 144,203 | |
253,955 | Loan ID 201461 | Fixed | 4.125% | 12/1/2044 | 244,084 | |
281,796 | Loan ID 201464 | Fixed | 4.375% | 6/1/2045 | 275,579 | |
96,280 | Loan ID 201465 | Fixed | 5.125% | 12/1/2044 | 98,206 | |
43,600 | Loan ID 201467 | Fixed | 5.250% | 3/1/2044 | 44,472 | |
264,094 | Loan ID 201470 | Fixed | 4.375% | 10/1/2044 | 262,554 | |
211,777 | Loan ID 201471 | Fixed | 4.500% | 1/1/2045 | 211,798 | |
288,889 | Loan ID 201473 | Fixed | 4.500% | 2/1/2045 | 289,629 | |
91,119 | Loan ID 201475 | ARM | 6.625% | 9/1/2036 | 11,045 | |
133,930 | Loan ID 201476 | ARM | 8.500% | 2/1/2037 | 123,251 | |
76,462 | Loan ID 201477 | Fixed | 6.750% | 11/1/2036 | 77,991 | |
101,357 | Loan ID 201478 | Fixed | 4.625% | 10/1/2045 | 101,881 | |
140,991 | Loan ID 201482 | Fixed | 4.625% | 2/1/2051 | 141,371 | |
279,300 | Loan ID 201483 | Fixed | 4.125% | 12/1/2045 | 273,702 | |
72,250 | Loan ID 201484 | Fixed | 4.500% | 10/1/2046 | 72,030 | |
57,709 | Loan ID 201485 | Fixed | 5.750% | 3/1/2038 | 58,863 | |
158,391 | Loan ID 201487 | Fixed | 4.625% | 2/1/2052 | 161,559 | |
86,915 | Loan ID 201489 | Fixed | 4.750% | 3/1/2046 | 87,806 | |
73,716 | Loan ID 201499 | Fixed | 4.750% | 5/1/2045 | 74,709 | |
100,210 | Loan ID 201502 | Fixed | 5.250% | 4/1/2044 | 102,214 | |
141,086 | Loan ID 201503 | Fixed | 5.000% | 7/1/2046 | 143,908 | |
425,660 | Loan ID 201504 | Fixed | 4.500% | 7/1/2045 | 426,507 | |
87,099 | Loan ID 201505 | ARM | 5.750% | 9/1/2046 | 87,579 | |
290,736 | Loan ID 201506 | Fixed | 5.000% | 2/1/2047 | 296,550 | |
211,067 | Loan ID 201508 | Fixed | 5.000% | 2/1/2047 | 215,288 | |
117,306 | Loan ID 201513 | Fixed | 4.000% | 1/1/2046 | 117,306 | |
73,188 | Loan ID 201515 | Fixed | 5.125% | 4/1/2047 | 74,637 | |
389,529 | Loan ID 201518 | Fixed | 4.875% | 1/1/2047 | 396,462 | |
90,790 | Loan ID 201519 | Fixed | 4.750% | 9/1/2045 | 91,914 | |
75,506 | Loan ID 201523 | Fixed | 5.125% | 7/1/2045 | 77,017 | |
374,021 | Loan ID 201533 | Fixed | 4.750% | 5/1/2046 | 376,661 | |
40,393 | Loan ID 201534 | Fixed | 4.875% | 5/1/2047 | 40,884 | |
315,392 | Loan ID 201535 | Fixed | 4.875% | 8/1/2047 | 315,392 | |
192,179 | Loan ID 201551 | Fixed | 4.500% | 2/1/2047 | 160,923 | |
130,503 | Loan ID 201552 | Fixed | 4.000% | 8/1/2047 | 130,503 | |
45,631 | Loan ID 201556 | Fixed | 4.990% | 12/1/2047 | 46,454 | |
126,560 | Loan ID 201558 | Fixed | 4.500% | 8/1/2047 | 126,560 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 101,790 | Loan ID 201579 | Fixed | 4.750% | 12/1/2036 | $ 102,705 | |
81,397 | Loan ID 201581 | Fixed | 4.125% | 10/1/2046 | 79,865 | |
82,617 | Loan ID 201583 | Fixed | 5.250% | 8/1/2047 | 82,617 | |
42,859 | Loan ID 201585 | Fixed | 5.500% | 3/1/2048 | 43,716 | |
370,380 | Loan ID 201586 | Fixed | 4.625% | 5/1/2047 | 371,253 | |
301,419 | Loan ID 201587 | Fixed | 4.375% | 1/1/2048 | 299,076 | |
320,019 | Loan ID 201588 | Fixed | 5.125% | 2/1/2048 | 324,824 | |
34,192 | Loan ID 201589 | Fixed | 5.375% | 6/1/2048 | 34,876 | |
138,286 | Loan ID 201590 | Fixed | 5.200% | 5/1/2048 | 87,322 | |
305,704 | Loan ID 201591 | Fixed | 5.375% | 8/1/2048 | 311,143 | |
75,000 | Loan ID 201593^ | Interest Only | 13.500% | 2/1/2020 | 72,750 | |
365,500 | Loan ID 201594^ | Interest Only | 11.250% | 6/1/2019 | 360,018 | |
63,806 | Loan ID 201598 | Fixed | 6.000% | 1/1/2037 | 65,082 | |
328,749 | Loan ID 201599 | Fixed | 5.000% | 7/1/2038 | 254,289 | |
44,013 | Loan ID 201600 | Fixed | 6.000% | 1/1/2036 | 40,829 | |
34,800 | Loan ID 201602 | Fixed | 5.000% | 4/20/2032 | 35,496 | |
58,553 | Loan ID 201604 | Fixed | 8.500% | 1/1/2048 | 58,553 | |
68,575 | Loan ID 201605 | Fixed | 8.750% | 3/1/2048 | 69,947 | |
88,396 | Loan ID 201606 | Fixed | 9.990% | 5/1/2048 | 90,163 | |
43,017 | Loan ID 201610 | Fixed | 9.990% | 7/1/2048 | 40,867 | |
58,983 | Loan ID 201611 | Fixed | 9.990% | 7/1/2048 | 10,717 | |
254,001 | Loan ID 201612 | Fixed | 8.990% | 10/1/2025 | 259,081 | |
33,750 | Loan ID 201614^ | Fixed | 12.000% | 12/1/2019 | 33,075 | |
494,204 | Loan ID 201615 | Fixed | 10.500% | 1/1/2022 | 504,088 | |
84,642 | Loan ID 201617 | Fixed | 9.750% | 2/1/2022 | 86,335 | |
29,675 | Loan ID 201624 | Fixed | 11.000% | 7/22/2028 | 29,878 | |
42,830 | Loan ID 201627 | Fixed | 10.450% | 2/19/2047 | 43,687 | |
49,056 | Loan ID 201628 | Fixed | 11.000% | 7/25/2040 | 50,038 | |
38,401 | Loan ID 201629 | Fixed | 11.000% | 3/6/2033 | 38,401 | |
46,187 | Loan ID 201630^ | Fixed | 9.950% | 1/28/2020 | 43,878 | |
43,463 | Loan ID 201631 | Fixed | 9.950% | 7/25/2031 | 41,290 | |
49,312 | Loan ID 201632 | Fixed | 11.000% | 10/13/2041 | 50,298 | |
64,026 | Loan ID 201634 | Fixed | 7.950% | 2/28/2048 | 60,824 | |
64,877 | Loan ID 201635 | Fixed | 9.950% | 3/14/2046 | 66,175 | |
76,207 | Loan ID 201636 | Fixed | 9.450% | 5/13/2031 | 77,731 | |
98,026 | Loan ID 201637 | Fixed | 11.000% | 5/22/2045 | 99,986 | |
138,062 | Loan ID 201638 | Fixed | 8.500% | 9/19/2044 | 140,823 | |
317,343 | Loan ID 201639 | Fixed | 5.000% | 9/1/2048 | 317,343 | |
337,952 | Loan ID 201640 | Fixed | 5.125% | 4/1/2049 | 341,139 | |
158,632 | Loan ID 201641^ | Fixed | 10.500% | 6/1/2020 | 150,700 | |
669,302 | Loan ID 201645^ | Fixed | 8.000% | 7/1/2020 | 107,679 | |
40,741 | Loan ID 201647 | Fixed | 6.000% | 10/1/2031 | 40,080 | |
32,110 | Loan ID 201648 | Fixed | 7.150% | 8/14/2030 | 24,883 | |
55,035 | Loan ID 201649 | Fixed | 4.800% | 2/20/2030 | 56,120 | |
36,544 | Loan ID 201650 | Fixed | 7.000% | 11/14/2031 | 37,275 | |
49,853 | Loan ID 201651 | Fixed | 7.000% | 12/1/2036 | 37,668 | |
247,013 | Loan ID 201652 | Fixed | 5.000% | 10/1/2036 | 165,947 | |
194,668 | Loan ID 201653 | Fixed | 4.250% | 6/1/2048 | 194,668 | |
436,680 | Loan ID 201654 | Fixed | 4.875% | 7/1/2049 | 442,664 | |
146,578 | Loan ID 201655 | Fixed | 7.700% | 1/1/2049 | 149,509 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 120,838 | Loan ID 201656 | Fixed | 4.625% | 6/1/2049 | $ 119,995 | |
242,514 | Loan ID 201657 | Fixed | 5.250% | 11/1/2048 | 247,365 | |
262,144 | Loan ID 201659 | Fixed | 4.875% | 5/1/2049 | 265,578 | |
82,644 | Loan ID 201661 | Fixed | 5.500% | 8/1/2049 | 86,314 | |
128,757 | Loan ID 201662 | Fixed | 5.375% | 9/1/2048 | 131,332 | |
418,413 | Loan ID 201663 | Fixed | 4.750% | 10/1/2048 | 418,413 | |
19,394 | Loan ID 201664 | Fixed | 10.000% | 8/1/2033 | 19,394 | |
41,325 | Loan ID 201665 | Fixed | 9.990% | 8/1/2048 | 42,151 | |
18,200 | Loan ID 201666 | Fixed | 10.000% | 6/1/2033 | 18,564 | |
16,801 | Loan ID 201667 | Fixed | 10.000% | 7/1/2033 | 17,137 | |
15,758 | Loan ID 201668 | Fixed | 9.750% | 11/1/2033 | 16,073 | |
55,655 | Loan ID 201670 | Fixed | 8.000% | 9/15/2048 | 55,655 | |
22,593 | Loan ID 201671 | Fixed | 9.000% | 9/15/2048 | 22,593 | |
21,082 | Loan ID 201672 | Fixed | 9.900% | 10/15/2048 | 21,503 | |
51,340 | Loan ID 201673 | Fixed | 9.990% | 6/1/2048 | 52,367 | |
23,850 | Loan ID 201674 | Fixed | 9.900% | 12/1/2048 | 24,327 | |
111,355 | Loan ID 201676 | Fixed | 9.625% | 10/1/2048 | 113,582 | |
79,839 | Loan ID 201677 | Fixed | 9.250% | 11/1/2048 | 81,436 | |
23,938 | Loan ID 201678 | Fixed | 10.000% | 8/1/2048 | 24,417 | |
42,659 | Loan ID 201679 | Fixed | 7.700% | 3/1/2047 | 43,512 | |
39,297 | Loan ID 201680 | Fixed | 9.900% | 9/15/2048 | 40,083 | |
176,296 | Loan ID 201682 | Fixed | 5.000% | 7/1/2048 | 87,860 | |
403,462 | Loan ID 201684 | Fixed | 4.500% | 8/1/2049 | 401,647 | |
284,595 | Loan ID 201685 | Fixed | 5.500% | 2/1/2049 | 290,287 | |
100,442 | Loan ID 201686 | Fixed | 4.250% | 7/1/2049 | 98,233 | |
106,049 | Loan ID 201687 | Fixed | 5.500% | 7/1/2048 | 95,014 | |
380,915 | Loan ID 201688 | Fixed | 6.000% | 11/1/2047 | 388,534 | |
206,056 | Loan ID 201689 | Fixed | 4.500% | 4/1/2049 | 204,516 | |
196,687 | Loan ID 201692 | Fixed | 8.490% | 11/1/2029 | 200,621 | |
64,560 | Loan ID 201694 | Fixed | 9.490% | 9/1/2024 | 65,851 | |
312,795 | Loan ID 201695 | Fixed | 8.900% | 9/1/2021 | 310,892 | |
64,789 | Loan ID 201696 | Fixed | 5.125% | 10/1/2048 | 66,085 | |
123,767 | Loan ID 201697 | Fixed | 6.125% | 4/1/2049 | 126,239 | |
82,766 | Loan ID 201698 | Fixed | 4.375% | 12/1/2047 | 81,734 | |
264,015 | Loan ID 201699 | Fixed | 5.522% | 9/1/2049 | 277,215 | |
321,636 | Loan ID 201700 | Fixed | 6.125% | 6/1/2049 | 315,194 | |
62,154 | Loan ID 201701 | Fixed | 5.000% | 8/1/2049 | 62,891 | |
159,281 | Loan ID 201703 | Fixed | 6.600% | 12/1/2048 | 162,466 | |
317,279 | Loan ID 201704 | Fixed | 7.535% | 3/1/2049 | 317,279 | |
178,384 | Loan ID 201707 | Fixed | 4.875% | 8/1/2049 | 179,029 | |
204,759 | Loan ID 201709 | Fixed | 5.325% | 9/1/2049 | 211,688 | |
146,764 | Loan ID 201710 | Fixed | 6.700% | 11/1/2049 | 154,103 | |
723,031 | Loan ID 201711 | Fixed | 4.875% | 10/1/2049 | 723,031 | |
379,948 | Loan ID 201712 | Fixed | 5.125% | 10/1/2049 | 205,216 | |
183,604 | Loan ID 201713 | Fixed | 10.111% | 12/1/2049 | 187,276 | |
111,548 | Loan ID 201715 | Fixed | 10.130% | 12/1/2049 | 113,779 | |
236,549 | Loan ID 201716 | Fixed | 10.150% | 12/1/2049 | 241,280 | |
435,322 | Loan ID 201717 | Fixed | 6.500% | 12/1/2048 | 434,031 | |
116,701 | Loan ID 201719 | Fixed | 4.750% | 9/1/2049 | 116,701 | |
137,004 | Loan ID 201720 | Fixed | 4.375% | 4/1/2049 | 136,072 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 248,381 | Loan ID 201724 | Fixed | 5.375% | 1/1/2049 | $ 133,375 | |
76,451 | Loan ID 201725 | Fixed | 8.490% | 12/1/2022 | 72,629 | |
55,046 | Loan ID 201726 | Fixed | 8.490% | 12/1/2022 | 52,294 | |
74,082 | Loan ID 201728 | Fixed | 9.490% | 1/1/2022 | 75,564 | |
128,143 | Loan ID 201732 | Fixed | 5.125% | 5/1/2047 | 129,697 | |
78,217 | Loan ID 201733 | Fixed | 5.250% | 4/1/2044 | 79,781 | |
541,399 | Loan ID 201736 | Fixed | 7.250% | 5/1/2047 | 552,227 | |
123,905 | Loan ID 201739 | ARM | 7.125% | 4/1/2048 | 126,384 | |
109,284 | Loan ID 201740 | Fixed | 5.749% | 4/1/2048 | 111,470 | |
227,564 | Loan ID 201741 | ARM | 8.000% | 7/1/2048 | 232,116 | |
640,509 | Loan ID 201742 | ARM | 8.750% | 9/1/2048 | 653,319 | |
140,701 | Loan ID 201743 | Fixed | 5.499% | 9/1/2048 | 143,515 | |
293,581 | Loan ID 201744 | Fixed | 5.625% | 5/1/2049 | 293,581 | |
185,952 | Loan ID 201745 | Fixed | 5.500% | 6/1/2049 | 189,671 | |
368,657 | Loan ID 201746 | Fixed | 4.875% | 7/1/2049 | 368,393 | |
544,728 | Loan ID 201750 | Fixed | 6.125% | 4/1/2050 | 555,622 | |
299,465 | Loan ID 201751 | ARM | 5.125% | 3/1/2050 | 307,799 | |
1,104,132 | Loan ID 201753 | Fixed | 4.875% | 4/1/2050 | 1,122,531 | |
835,466 | Loan ID 201754 | Fixed | 4.875% | 4/1/2050 | 848,333 | |
604,055 | Loan ID 201755 | Fixed | 5.750% | 3/1/2050 | 616,136 | |
250,268 | Loan ID 201756 | Fixed | 5.000% | 3/1/2050 | 252,395 | |
274,483 | Loan ID 201757 | ARM | 5.125% | 4/1/2050 | 279,035 | |
417,289 | Loan ID 201758 | Fixed | 5.875% | 3/1/2050 | 425,634 | |
259,798 | Loan ID 201759 | ARM | 5.750% | 3/1/2050 | 267,984 | |
257,244 | Loan ID 201761 | Fixed | 6.875% | 2/1/2050 | 262,389 | |
424,568 | Loan ID 201762 | Fixed | 5.990% | 3/1/2050 | 433,059 | |
145,571 | Loan ID 201763 | Fixed | 7.375% | 4/1/2050 | 148,482 | |
217,153 | Loan ID 201767 | Fixed | 5.250% | 7/1/2049 | 217,153 | |
189,025 | Loan ID 201768 | Fixed | 6.750% | 4/1/2050 | 192,805 | |
215,137 | Loan ID 201770 | Fixed | 9.375% | 4/1/2050 | 218,905 | |
355,392 | Loan ID 201772 | Fixed | 8.125% | 3/1/2050 | 373,162 | |
756,497 | Loan ID 201773 | ARM | 5.500% | 6/1/2049 | 736,953 | |
712,648 | Loan ID 201776 | Fixed | 6.625% | 1/1/2050 | 726,901 | |
125,363 | Loan ID 201777 | Fixed | 5.875% | 4/1/2049 | 127,870 | |
250,000 | Loan ID 201779 | Fixed | 10.500% | 7/1/2022 | 255,000 | |
444,134 | Loan ID 201780 | Fixed | 6.125% | 4/1/2050 | 453,017 | |
124,600 | Loan ID 201783 | Interest Only | 7.500% | 9/1/2025 | 129,356 | |
308,429 | Loan ID 201784 | Fixed | 6.750% | 4/1/2050 | 323,850 | |
273,000 | Loan ID 201785 | Interest Only | 8.000% | 8/31/2023 | 286,650 | |
935,000 | Loan ID 201787 | ARM | 6.346% | 3/1/2060 | 953,700 | |
385,000 | Loan ID 201791 | Fixed | 10.750% | 11/1/2021 | 385,000 | |
157,500 | Loan ID 201792 | Fixed | 10.250% | 10/1/2021 | 155,925 | |
247,500 | Loan ID 201793 | Fixed | 10.990% | 11/1/2021 | 247,500 | |
253,485 | Loan ID 201795 | Interest Only | 7.500% | 10/31/2025 | 266,159 | |
84,518 | Loan ID 201796 | Fixed | 9.990% | 12/1/2022 | 86,208 | |
247,000 | Loan ID 201797 | Fixed | 9.750% | 12/1/2021 | 247,000 | |
468,000 | Loan ID 201799 | Interest Only | 7.500% | 11/20/2025 | 400,464 | |
752,300 | Loan ID 201800 | Interest Only | 7.500% | 12/31/2023 | 669,904 | |
36,760 | Loan ID 201802 | Fixed | 4.250% | 10/1/2029 | 36,806 | |
27,617 | Loan ID 201803 | Fixed | 7.050% | 9/1/2034 | 28,169 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 175,517 | Loan ID 201804 | Fixed | 4.000% | 3/1/2058 | $ 177,753 | |
109,697 | Loan ID 201805 | Fixed | 4.375% | 8/1/2059 | 111,891 | |
29,275 | Loan ID 201806 | DSI | 9.000% | 6/1/2026 | 27,812 | |
72,552 | Loan ID 201807 | Fixed | 5.000% | 8/1/2043 | 65,651 | |
119,763 | Loan ID 201808 | Fixed | 3.875% | 6/1/2060 | 120,550 | |
165,039 | Loan ID 201809 | Fixed | 3.750% | 11/1/2059 | 149,000 | |
76,586 | Loan ID 201810 | Fixed | 3.750% | 2/1/2042 | 60,196 | |
62,676 | Loan ID 201811 | DSI | 11.830% | 5/1/2035 | 63,929 | |
33,304 | Loan ID 201812 | Fixed | 9.240% | 2/1/2027 | 33,970 | |
75,885 | Loan ID 201813 | DSI | 6.000% | 1/1/2039 | 72,091 | |
50,511 | Loan ID 201814 | DSI | 7.740% | 3/1/2033 | 47,986 | |
68,092 | Loan ID 201815 | Fixed | 8.000% | 9/1/2033 | 69,454 | |
51,896 | Loan ID 201816 | Fixed | 4.625% | 4/1/2029 | 49,301 | |
99,862 | Loan ID 201817 | Fixed | 4.125% | 10/1/2034 | 100,047 | |
57,413 | Loan ID 201818 | Fixed | 10.390% | 12/1/2041 | 58,561 | |
56,019 | Loan ID 201819 | Fixed | 3.875% | 11/1/2029 | 55,991 | |
95,002 | Loan ID 201820 | Fixed | 3.750% | 1/1/2060 | 95,094 | |
68,779 | Loan ID 201821 | Fixed | 6.450% | 5/1/2030 | 70,154 | |
48,649 | Loan ID 201822 | DSI | 8.920% | 1/1/2036 | 46,217 | |
73,119 | Loan ID 201823 | Fixed | 9.625% | 3/1/2040 | 74,174 | |
282,980 | Loan ID 201824 | DSI | 8.500% | 10/1/2037 | 282,311 | |
127,406 | Loan ID 201825 | Fixed | 3.875% | 3/1/2040 | 117,363 | |
63,990 | Loan ID 201826 | Fixed | 8.498% | 11/1/2030 | 65,269 | |
32,789 | Loan ID 201827 | Fixed | 10.780% | 3/1/2026 | 33,444 | |
30,148 | Loan ID 201828 | Fixed | 8.249% | 10/1/2030 | 30,751 | |
112,098 | Loan ID 201829 | DSI | 10.460% | 8/1/2037 | 114,340 | |
34,079 | Loan ID 201830 | DSI | 10.555% | 10/1/2026 | 34,760 | |
62,919 | Loan ID 201831 | DSI | 11.110% | 2/1/2038 | 64,177 | |
53,852 | Loan ID 201832 | Fixed | 6.250% | 6/1/2034 | 51,159 | |
39,337 | Loan ID 201833 | DSI | 12.679% | 6/1/2023 | 40,123 | |
61,198 | Loan ID 201834 | DSI | 9.150% | 4/1/2038 | 62,422 | |
38,153 | Loan ID 201835 | DSI | 7.500% | 1/1/2027 | 38,916 | |
30,025 | Loan ID 201836 | DSI | 8.836% | 7/1/2027 | 30,626 | |
47,398 | Loan ID 201837 | DSI | 6.996% | 9/1/2031 | 48,346 | |
47,466 | Loan ID 201838 | DSI | 9.070% | 7/1/2027 | 48,415 | |
43,894 | Loan ID 201839 | DSI | 11.110% | 8/1/2039 | 44,772 | |
67,533 | Loan ID 201840 | DSI | 10.870% | 10/1/2041 | 68,883 | |
44,553 | Loan ID 201841 | Fixed | 10.060% | 5/1/2025 | 45,444 | |
74,922 | Loan ID 201842 | DSI | 11.030% | 3/1/2028 | 76,420 | |
35,755 | Loan ID 201843 | Fixed | 9.180% | 8/1/2031 | 36,470 | |
49,487 | Loan ID 201844 | DSI | 11.490% | 11/1/2028 | 50,476 | |
23,528 | Loan ID 201845 | DSI | 7.000% | 2/1/2024 | 23,998 | |
43,207 | Loan ID 201846 | Fixed | 8.496% | 5/1/2034 | 44,071 | |
129,753 | Loan ID 201847 | Fixed | 2.375% | 6/1/2033 | 118,330 | |
55,737 | Loan ID 201848 | DSI | 4.290% | 11/1/2032 | 56,851 | |
52,817 | Loan ID 201849 | DSI | 4.480% | 6/1/2035 | 53,873 | |
94,595 | Loan ID 201850 | Fixed | 4.625% | 10/1/2042 | 95,608 | |
124,298 | Loan ID 201851 | DSI | 4.500% | 8/30/2023 | 126,784 | |
97,396 | Loan ID 201853 | DSI | 4.910% | 2/1/2034 | 99,344 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 89,456 | Loan ID 201854 | DSI | 6.190% | 2/24/2036 | $ 91,246 | |
86,947 | Loan ID 201855 | DSI | 4.390% | 7/1/2036 | 88,686 | |
46,725 | Loan ID 201856 | Fixed | 7.900% | 6/1/2037 | 41,960 | |
52,082 | Loan ID 201857 | Fixed | 3.250% | 4/1/2035 | 52,102 | |
371,994 | Loan ID 201858 | Fixed | 4.625% | 2/1/2059 | 379,434 | |
592,500 | Loan ID 201859 | Interest Only | 7.500% | 12/31/2025 | 604,350 | |
125,709 | Loan ID 201861 | Fixed | 5.000% | 5/1/2040 | 119,202 | |
23,365 | Loan ID 201862 | DSI | 10.000% | 5/1/2027 | 23,832 | |
6,239 | Loan ID 201863 | Fixed | 7.000% | 6/1/2022 | 6,363 | |
21,410 | Loan ID 201864 | DSI | 7.056% | 1/1/2035 | 21,838 | |
30,095 | Loan ID 201865 | DSI | 6.499% | 1/1/2032 | 25,783 | |
53,062 | Loan ID 201866 | Fixed | 4.875% | 1/1/2044 | 53,939 | |
35,848 | Loan ID 201867 | DSI | 4.230% | 12/1/2032 | 35,423 | |
55,670 | Loan ID 201868 | DSI | 7.536% | 9/1/2034 | 52,886 | |
19,426 | Loan ID 201869 | DSI | 8.390% | 7/1/2024 | 19,815 | |
17,332 | Loan ID 201870 | DSI | 9.480% | 2/1/2023 | 17,679 | |
10,729 | Loan ID 201871 | Fixed | 9.970% | 5/1/2026 | 10,943 | |
34,968 | Loan ID 201872 | DSI | 8.100% | 9/1/2038 | 35,667 | |
18,087 | Loan ID 201873 | Fixed | 6.648% | 2/1/2027 | 18,449 | |
26,012 | Loan ID 201874 | DSI | 10.540% | 5/1/2027 | 26,532 | |
9,760 | Loan ID 201875 | Fixed | 10.980% | 6/1/2030 | 9,955 | |
16,579 | Loan ID 201876 | Fixed | 8.310% | 2/1/2027 | 16,910 | |
8,291 | Loan ID 201877 | DSI | 9.830% | 11/1/2028 | 8,456 | |
28,260 | Loan ID 201878 | DSI | 9.050% | 8/1/2024 | 28,825 | |
13,628 | Loan ID 201879 | Fixed | 9.310% | 10/1/2026 | 13,901 | |
22,445 | Loan ID 201881 | DSI | 4.590% | 5/1/2026 | 22,512 | |
11,849 | Loan ID 201882 | Fixed | 8.310% | 4/1/2027 | 12,086 | |
30,067 | Loan ID 201883 | Fixed | 4.625% | 6/1/2033 | 30,421 | |
10,952 | Loan ID 201884 | DSI | 11.389% | 2/1/2022 | 11,171 | |
21,844 | Loan ID 201885 | Fixed | 5.000% | 5/1/2034 | 22,281 | |
7,222 | Loan ID 201886 | Fixed | 10.608% | 12/1/2022 | 7,366 | |
42,312 | Loan ID 201887 | Fixed | 6.250% | 1/1/2042 | 40,196 | |
20,508 | Loan ID 201889 | DSI | 9.499% | 2/1/2039 | 20,918 | |
10,100 | Loan ID 201890 | Fixed | 4.500% | 11/1/2025 | 10,192 | |
18,435 | Loan ID 201891 | Fixed | 10.290% | 7/1/2026 | 18,803 | |
15,547 | Loan ID 201892 | DSI | 9.960% | 6/1/2023 | 15,858 | |
33,858 | Loan ID 201893 | DSI | 5.040% | 6/1/2026 | 34,535 | |
14,118 | Loan ID 201895 | Fixed | 9.690% | 5/1/2026 | 14,401 | |
9,010 | Loan ID 201896 | Fixed | 9.680% | 9/1/2025 | 9,190 | |
19,261 | Loan ID 201897 | Fixed | 8.280% | 3/1/2027 | 19,646 | |
14,882 | Loan ID 201898 | Fixed | 10.312% | 10/1/2026 | 15,179 | |
18,558 | Loan ID 201899 | DSI | 10.500% | 10/1/2024 | 18,929 | |
15,121 | Loan ID 201900^ | DSI | 12.132% | 1/29/2019 | 15,423 | |
20,906 | Loan ID 201901 | DSI | 8.736% | 9/1/2028 | 19,861 | |
17,094 | Loan ID 201902 | Fixed | 10.548% | 10/1/2026 | 17,436 | |
23,290 | Loan ID 201903 | Fixed | 4.999% | 7/1/2037 | 23,755 | |
17,242 | Loan ID 201904 | DSI | 10.190% | 8/1/2029 | 17,587 | |
12,571 | Loan ID 201905 | DSI | 10.890% | 1/1/2024 | 12,822 | |
19,813 | Loan ID 201906 | DSI | 10.210% | 7/1/2023 | 20,209 | |
71,735 | Loan ID 201907 | Fixed | 9.854% | 9/1/2030 | 73,170 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 26,073 | Loan ID 201908 | DSI | 11.616% | 9/1/2027 | $ 26,595 | |
53,996 | Loan ID 201909 | DSI | 9.240% | 7/1/2033 | 55,076 | |
11,970 | Loan ID 201910 | DSI | 6.000% | 7/1/2026 | 12,210 | |
16,807 | Loan ID 201911 | DSI | 7.999% | 7/1/2031 | 17,143 | |
38,958 | Loan ID 201912 | Fixed | 7.750% | 8/1/2034 | 37,010 | |
8,721 | Loan ID 201913 | Fixed | 9.310% | 11/1/2026 | 8,896 | |
25,670 | Loan ID 201914 | DSI | 9.326% | 8/1/2026 | 26,184 | |
6,877 | Loan ID 201915 | Fixed | 3.750% | 7/1/2025 | 6,688 | |
95,328 | Loan ID 201916 | Fixed | 3.750% | 5/1/2038 | 94,538 | |
141,243 | Loan ID 201917 | Fixed | 4.000% | 8/1/2033 | 139,219 | |
28,939 | Loan ID 201919 | Fixed | 11.000% | 2/1/2022 | 28,939 | |
122,500 | Loan ID 201921 | Fixed | 10.000% | 2/1/2022 | 122,500 | |
101,214 | Loan ID 201923 | Fixed | 10.990% | 3/1/2026 | 103,238 | |
221,300 | Loan ID 201924 | Interest Only | 7.500% | 2/28/2026 | 232,365 | |
345,000 | Loan ID 201925 | Interest Only | 7.000% | 2/29/2024 | 340,661 | |
256,000 | Loan ID 201926 | Fixed | 11.990% | 3/1/2022 | 256,000 | |
303,416 | Loan ID 201927 | Fixed | 8.990% | 4/1/2051 | 309,485 | |
1,610,000 | Loan ID 201928 | ARM | 7.875% | 4/1/2050 | 1,642,200 | |
393,750 | Loan ID 201929 | Fixed | 8.990% | 4/1/2023 | 401,625 | |
298,472 | Loan ID 201930 | Fixed | 8.990% | 4/1/2051 | 304,441 | |
252,816 | Loan ID 201931 | Fixed | 5.000% | 1/1/2050 | 234,487 | |
10,846 | Loan ID 201932 | Fixed | 5.000% | 1/1/2050 | 10,060 | |
283,500 | Loan ID 201933 | Interest Only | 7.500% | 4/30/2026 | 297,676 | |
305,000 | Loan ID 201934 | Fixed | 9.000% | 5/1/2022 | 305,000 | |
239,905 | Loan ID 201935 | Fixed | 10.500% | 5/1/2026 | 244,703 | |
164,910 | Loan ID 201936 | Fixed | 8.990% | 5/1/2051 | 168,208 | |
360,000 | Loan ID 201937 | Interest Only | 7.000% | 4/30/2024 | 367,200 | |
472,149 | Loan ID 201938 | Fixed | 7.490% | 5/1/2051 | 481,592 | |
2,797,589 | Loan ID 201939 | Fixed | 6.750% | 5/1/2051 | 2,797,589 | |
69,725 | Loan ID 201940 | Fixed | 5.250% | 6/20/2050 | 69,725 | |
242,419 | Loan ID 201941 | Fixed | 5.000% | 12/1/2048 | 242,419 | |
125,696 | Loan ID 201942 | Fixed | 5.000% | 6/1/2050 | 125,696 | |
101,300 | Loan ID 201943 | Interest Only | 7.000% | 5/31/2024 | 103,326 | |
196,000 | Loan ID 201944 | Interest Only | 8.000% | 5/31/2024 | 205,801 | |
170,000 | Loan ID 201945 | Fixed | 8.000% | 5/1/2023 | 170,000 | |
219,000 | Loan ID 201946 | Fixed | 8.000% | 6/1/2022 | 219,000 | |
353,541 | Loan ID 201947 | Fixed | 7.250% | 12/1/2037 | 335,864 | |
143,226 | Loan ID 201948 | Fixed | 4.250% | 6/1/2035 | 136,065 | |
87,688 | Loan ID 201949 | Fixed | 5.500% | 2/1/2040 | 83,304 | |
184,369 | Loan ID 201950 | ARM | 6.500% | 10/1/2026 | 175,150 | |
12,397 | Loan ID 201951 | Fixed | 7.250% | 4/1/2024 | 11,777 | |
12,093 | Loan ID 201952 | Fixed | 7.250% | 4/1/2024 | 11,488 | |
12,479 | Loan ID 201953 | Fixed | 6.500% | 7/1/2024 | 11,855 | |
31,341 | Loan ID 201954 | Fixed | 6.750% | 6/1/2025 | 29,774 | |
208,804 | Loan ID 201955 | Fixed | 7.750% | 3/1/2051 | 217,156 | |
319,591 | Loan ID 201956 | Fixed | 8.250% | 3/1/2051 | 327,580 | |
405,625 | Loan ID 201957 | Fixed | 8.990% | 6/1/2026 | 353,324 | |
150,000 | Loan ID 201958 | Fixed | 8.990% | 5/1/2023 | 153,000 | |
500,000 | Loan ID 201959 | Fixed | 8.990% | 6/1/2031 | 510,000 | |
222,000 | Loan ID 201960 | Fixed | 7.500% | 5/31/2026 | 222,000 | |
Vertical Capital Income Fund | ||||||
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued) | ||||||
June 30, 2021 | ||||||
Principal | Loan Type | Interest Rate | Maturity | Fair Value | ||
MORTGAGE NOTES (Continued) - 95.6 % | ||||||
$ 157,500 | Loan ID 201961 | Fixed | 7.000% | 5/31/2023 | $ 157,500 | |
230,750 | Loan ID 201962 | Fixed | 9.990% | 6/1/2026 | 235,365 | |
85,800 | Loan ID 201963 | Fixed | 10.490% | 6/1/2026 | 87,516 | |
129,150 | Loan ID 201964 | Fixed | 7.990% | 7/1/2022 | 129,150 | |
411,988 | Loan ID 201965 | Fixed | 11.000% | 5/1/2038 | 351,838 | |
255,833 | Loan ID 201966 | Fixed | 10.990% | 1/1/2027 | 219,377 | |
93,444 | Loan ID 201967 | Fixed | 11.750% | 4/1/2027 | 84,100 | |
231,677 | Loan ID 201968 | Fixed | 12.000% | 8/1/2026 | 207,351 | |
302,013 | Loan ID 201969 | Fixed | 8.250% | 5/1/2051 | 306,543 | |
112,500 | Loan ID 201970 | Fixed | 9.990% | 7/1/2031 | 112,500 | |
174,000 | Loan ID 201971 | Fixed | 9.490% | 7/1/2023 | 174,000 | |
153,750 | Loan ID 201972 | Fixed | 8.990% | 7/1/2026 | 153,750 | |
205,000 | Loan ID 201973 | Fixed | 8.990% | 7/1/2031 | 205,001 | |
121,141,708 | TOTAL MORTGAGE NOTES (Cost - $105,297,638) | 117,651,921 | ||||
OTHER INVESTMENTS^ (Cost - $19,381) - 0.0%** | 10,000 | |||||
TOTAL INVESTMENTS (Cost - $105,317,019) - 95.6 % | $ 117,661,921 | |||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 4.4 % | 5,376,827 | |||||
NET ASSETS - 100.0 % | $ 123,038,748 | |||||
* Loan is in loss mitigation, which means the Fund is restructuring the loan with the delinquent borrower. | ||||||
** Percentage rounds to less than 0.1% | ||||||
^ Illiquid Securities, non-income producing defaulted securities | ||||||
ARM - Adjustable Rate Mortgage | ||||||
DSI - Daily Simple Interest |