VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% | |||||||
44,877 | Loan ID 200012 | ARM | 9.8000 | 07/01/37 | $ 46,673 | ||
28,751 | Loan ID 200016 | ARM | 10.3750 | 01/01/31 | 29,901 | ||
39,553 | Loan ID 200018 | Fixed | 7.0000 | 01/01/33 | 38,856 | ||
96,419 | Loan ID 200023 | Fixed | 5.8750 | 12/01/50 | 89,660 | ||
196,470 | Loan ID 200026 | Fixed | 4.7500 | 01/01/50 | 190,520 | ||
179,714 | Loan ID 200029 | Fixed | 6.3100 | 07/01/37 | 172,071 | ||
516,639 | Loan ID 200035 | Fixed | 4.6250 | 11/01/50 | 486,011 | ||
98,916 | Loan ID 200041 | Fixed | 4.8750 | 08/01/39 | 87,096 | ||
35,012 | Loan ID 200042 | Fixed | 7.0000 | 12/01/37 | 34,427 | ||
40,561 | Loan ID 200043 | Fixed | 6.1250 | 07/01/39 | 38,419 | ||
44,655 | Loan ID 200048 | Fixed | 5.5000 | 08/01/39 | 40,853 | ||
46,570 | Loan ID 200054 | Fixed | 8.2500 | 03/01/39 | 47,255 | ||
70,241 | Loan ID 200055 | Fixed | 10.0000 | 01/05/36 | 70,241 | ||
129,276 | Loan ID 200079 | Fixed | 5.0000 | 02/01/59 | 112,520 | ||
59,991 | Loan ID 200082 | Fixed | 8.2500 | 04/01/40 | 60,523 | ||
151,405 | Loan ID 200084 | Fixed | 7.0000 | 03/01/39 | 147,703 | ||
267,476 | Loan ID 200090 | Fixed | 4.5000 | 11/01/36 | 162,280 | ||
65,344 | Loan ID 200102 | Fixed | 8.2500 | 03/01/40 | 66,328 | ||
100,609 | Loan ID 200110 | Fixed | 8.2500 | 08/01/39 | 95,010 | ||
65,074 | Loan ID 200128 | Fixed | 4.7100 | 07/01/37 | 49,412 | ||
424,014 | Loan ID 200129 | Fixed | 4.6250 | 03/01/52 | 372,067 | ||
105,919 | Loan ID 200135 | Fixed | 4.3750 | 12/01/42 | 89,509 | ||
68,254 | Loan ID 200141 | Fixed | 4.2500 | 02/01/42 | 56,868 | ||
130,922 | Loan ID 200158 | Fixed | 3.6250 | 12/01/42 | 105,942 | ||
168,245 | Loan ID 200165 | Fixed | 4.3750 | 12/01/41 | 142,754 | ||
76,322 | Loan ID 200174 | Fixed | 7.3400 | 04/01/37 | 75,775 | ||
42,148 | Loan ID 200175 | Fixed | 9.6000 | 05/01/37 | 43,068 | ||
98,161 | Loan ID 200181 | Fixed | 7.5000 | 06/01/41 | 92,088 | ||
63,490 | Loan ID 200184 | Fixed | 4.3750 | 12/01/42 | 53,626 | ||
24,610 | Loan ID 200185 | Fixed | 5.3750 | 06/01/42 | 22,177 | ||
46,477 | Loan ID 200186 | Fixed | 5.1250 | 08/01/42 | 41,111 | ||
139,938 | Loan ID 200194 | Fixed | 4.7500 | 09/01/41 | 121,488 | ||
217,723 | Loan ID 200195 | Fixed | 3.8750 | 03/01/42 | 179,512 | ||
33,835 | Loan ID 200198 | Fixed | 5.2500 | 10/01/42 | 30,191 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
29,403 | Loan ID 200201 | Fixed | 5.1250 | 08/01/41 | $ 26,106 | ||
16,829 | Loan ID 200206 | Fixed | 3.9900 | 12/01/42 | 13,921 | ||
37,371 | Loan ID 200208 | Fixed | 4.2500 | 01/01/43 | 31,359 | ||
151,337 | Loan ID 200209 | Fixed | 3.8750 | 08/01/42 | 124,486 | ||
62,074 | Loan ID 200218 | Fixed | 4.2500 | 12/01/41 | 52,341 | ||
43,229 | Loan ID 200228 | Fixed | 4.6250 | 08/01/42 | 37,065 | ||
100,722 | Loan ID 200243 | Fixed | 3.7500 | 04/01/43 | 81,949 | ||
21,484 | Loan ID 200244 | Fixed | 5.0000 | 05/01/42 | 18,839 | ||
80,408 | Loan ID 200287 | Fixed | 4.3750 | 07/01/43 | 67,816 | ||
25,634 | Loan ID 200313 | Fixed | 8.5000 | 03/01/28 | 25,795 | ||
243,246 | Loan ID 200315 | ARM | 5.2500 | 06/01/37 | 248,734 | ||
53,072 | Loan ID 200317 | Fixed | 7.0000 | 09/01/32 | 52,131 | ||
82,696 | Loan ID 200332 | Fixed | 5.7750 | 10/01/37 | 77,131 | ||
81,678 | Loan ID 200334 | Fixed | 7.0000 | 01/01/33 | 80,240 | ||
247,796 | Loan ID 200335 | Fixed | 5.0000 | 11/01/52 | 226,298 | ||
49,606 | Loan ID 200348 | Fixed | 6.5000 | 07/01/38 | 47,874 | ||
56,749 | Loan ID 200352 | Fixed | 7.0000 | 08/01/30 | 54,686 | ||
55,059 | Loan ID 200361 | Fixed | 7.5000 | 01/01/34 | 54,819 | ||
78,679 | Loan ID 200366 | Fixed | 6.2500 | 03/01/34 | 72,508 | ||
139,066 | Loan ID 200368 | Fixed | 4.5000 | 04/01/36 | 121,934 | ||
60,038 | Loan ID 200374 | ARM | 7.0000 | 05/01/34 | 60,038 | ||
166,392 | Loan ID 200380 | Fixed | 4.2200 | 04/01/49 | 143,470 | ||
261,883 | Loan ID 200384 | Fixed | 5.0000 | 11/01/47 | 209,615 | ||
126,860 | Loan ID 200385 | Fixed | 8.2500 | 01/01/40 | 120,236 | ||
179,879 | Loan ID 200390 | Fixed | 4.7800 | 04/16/47 | 159,096 | ||
124,049 | Loan ID 200391 | Fixed | 4.0000 | 01/13/35 | 107,077 | ||
55,717 | Loan ID 200392 | Fixed | 10.0000 | 06/05/34 | 56,935 | ||
74,788 | Loan ID 200395 | Fixed | 4.8600 | 04/01/47 | 60,349 | ||
62,451 | Loan ID 200396 | Fixed | 10.0000 | 02/01/36 | 64,153 | ||
39,820 | Loan ID 200399 | Fixed | 4.9800 | 06/01/37 | 35,591 | ||
34,606 | Loan ID 200403 | Fixed | 8.3000 | 10/15/32 | 35,006 | ||
46,993 | Loan ID 200404 | Fixed | 8.1000 | 05/01/37 | 47,546 | ||
76,422 | Loan ID 200405 | Fixed | 4.8700 | 12/01/35 | 67,761 | ||
107,832 | Loan ID 200406 | Fixed | 4.8750 | 10/01/51 | 96,443 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
321,262 | Loan ID 200409 | Fixed | 6.0000 | 02/01/49 | $ 274,631 | ||
90,588 | Loan ID 200411 | Fixed | 8.2750 | 06/01/37 | 92,005 | ||
56,771 | Loan ID 200417 | Fixed | 7.0000 | 05/01/35 | 55,794 | ||
133,546 | Loan ID 200420 | Fixed | 4.2250 | 04/10/38 | 114,398 | ||
110,947 | Loan ID 200423 | Fixed | 4.5000 | 06/01/43 | 94,225 | ||
188,622 | Loan ID 200430 | Fixed | 3.6250 | 07/01/43 | 152,199 | ||
245,488 | Loan ID 200432 | Fixed | 4.8750 | 05/01/43 | 213,092 | ||
184,313 | Loan ID 200435 | Fixed | 4.6250 | 11/01/52 | 166,195 | ||
37,478 | Loan ID 200439 | Fixed | 5.0000 | 08/01/41 | 32,992 | ||
14,148 | Loan ID 200447 | Fixed | 5.8750 | 11/04/34 | 13,327 | ||
69,977 | Loan ID 200448 | Fixed | 5.7500 | 05/01/42 | 65,371 | ||
300,836 | Loan ID 200451 | Fixed | 6.2500 | 07/01/38 | 287,092 | ||
146,130 | Loan ID 200460 | Fixed | 7.0000 | 07/01/41 | 143,608 | ||
347,857 | Loan ID 200462 | Fixed | 6.0000 | 07/01/45 | 328,326 | ||
200,956 | Loan ID 200465 | Fixed | 6.5000 | 07/01/37 | 193,973 | ||
101,915 | Loan ID 200468 | Fixed | 5.6250 | 12/01/44 | 93,272 | ||
108,013 | Loan ID 200469 | Fixed | 6.5000 | 07/01/37 | 104,273 | ||
97,513 | Loan ID 200489 | Fixed | 4.0000 | 03/01/43 | 80,728 | ||
171,479 | Loan ID 200491 | Fixed | 5.5000 | 10/01/39 | 156,807 | ||
241,453 | Loan ID 200494 | Fixed | 4.6250 | 10/01/43 | 206,475 | ||
165,253 | Loan ID 200500 | Fixed | 5.8750 | 02/01/37 | 155,056 | ||
55,243 | Loan ID 200507 | Fixed | 4.5000 | 09/01/42 | 47,042 | ||
81,032 | Loan ID 200517 | Fixed | 8.0000 | 05/01/39 | 80,773 | ||
171,320 | Loan ID 200518 | Fixed | 3.0000 | 12/01/50 | 138,380 | ||
96,920 | Loan ID 200527 | Fixed | 4.5000 | 12/01/43 | 82,184 | ||
89,820 | Loan ID 200532 | Fixed | 3.2500 | 07/01/43 | 70,812 | ||
27,744 | Loan ID 200545 | Fixed | 4.3750 | 02/01/29 | 23,350 | ||
80,199 | Loan ID 200573 | Fixed | 3.7500 | 09/01/42 | 65,465 | ||
155,488 | Loan ID 200578 | Fixed | 4.7500 | 08/01/40 | 132,579 | ||
40,366 | Loan ID 200579 | Fixed | 4.8750 | 05/01/42 | 35,048 | ||
140,839 | Loan ID 200580 | Fixed | 4.1250 | 11/01/41 | 117,969 | ||
276,432 | Loan ID 200586 | Fixed | 3.5000 | 01/01/43 | 221,880 | ||
55,015 | Loan ID 200593 | Fixed | 3.8750 | 06/01/42 | 45,291 | ||
60,392 | Loan ID 200604 | Fixed | 3.5000 | 01/01/43 | 48,478 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
108,053 | Loan ID 200612 | Fixed | 4.5000 | 02/01/43 | $ 91,855 | ||
143,909 | Loan ID 200630 | Fixed | 5.2500 | 09/01/43 | 128,230 | ||
198,695 | Loan ID 200634 | Fixed | 4.3750 | 01/01/44 | 167,331 | ||
103,569 | Loan ID 200645 | Fixed | 5.0000 | 04/01/44 | 90,463 | ||
122,786 | Loan ID 200649 | Fixed | 4.3750 | 03/01/44 | 101,581 | ||
113,698 | Loan ID 200650 | Fixed | 4.8750 | 05/01/44 | 98,471 | ||
181,761 | Loan ID 200651 | Fixed | 3.6250 | 07/01/43 | 146,572 | ||
118,455 | Loan ID 200655 | Fixed | 3.3750 | 05/01/43 | 94,158 | ||
162,047 | Loan ID 200656 | Fixed | 6.8750 | 11/01/45 | 147,739 | ||
134,308 | Loan ID 200657 | Fixed | 4.8750 | 08/01/51 | 118,798 | ||
150,864 | Loan ID 200660 | Fixed | 5.8750 | 03/01/38 | 141,279 | ||
60,453 | Loan ID 200663 | Fixed | 4.7500 | 05/01/44 | 51,986 | ||
136,834 | Loan ID 200669 | Fixed | 5.2500 | 04/01/44 | 121,428 | ||
35,092 | Loan ID 200670 | Fixed | 4.3750 | 02/01/29 | 29,529 | ||
270,216 | Loan ID 200674 | Fixed | 4.5000 | 05/01/44 | 228,765 | ||
111,046 | Loan ID 200684 | Fixed | 4.8750 | 04/01/44 | 96,327 | ||
201,975 | Loan ID 200685 | Fixed | 4.8750 | 05/01/44 | 174,814 | ||
192,929 | Loan ID 200690 | Fixed | 4.2500 | 04/01/44 | 161,199 | ||
213,207 | Loan ID 200692 | Fixed | 4.6250 | 07/01/44 | 181,627 | ||
92,579 | Loan ID 200694 | Fixed | 4.5000 | 09/01/43 | 78,615 | ||
40,174 | Loan ID 200696 | Fixed | 3.7500 | 10/01/42 | 32,782 | ||
83,587 | Loan ID 200704 | Fixed | 4.3750 | 03/01/43 | 70,511 | ||
42,500 | Loan ID 200709 | Fixed | 4.3750 | 04/01/43 | 35,880 | ||
97,824 | Loan ID 200710 | Fixed | 4.5000 | 07/01/44 | 80,712 | ||
546,910 | Loan ID 200714 | Fixed | 4.1750 | 11/01/36 | 470,749 | ||
172,705 | Loan ID 200716 | ARM | 5.0490 | 08/01/37 | 172,559 | ||
122,165 | Loan ID 200720 | ARM | 4.0000 | 04/01/42 | 110,374 | ||
141,136 | Loan ID 200726 | Fixed | 4.3750 | 09/01/37 | 124,940 | ||
177,546 | Loan ID 200732 | Fixed | 4.1250 | 09/01/27 | 151,786 | ||
87,651 | Loan ID 200735 | Fixed | 4.5000 | 06/01/44 | 74,201 | ||
127,076 | Loan ID 200736 | Fixed | 4.7500 | 05/01/44 | 106,716 | ||
152,921 | Loan ID 200742 | Fixed | 4.2500 | 04/01/43 | 128,079 | ||
52,601 | Loan ID 200753 | Fixed | 5.2500 | 05/01/44 | 46,768 | ||
43,940 | Loan ID 200755 | Fixed | 4.2500 | 06/01/43 | 36,830 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
160,908 | Loan ID 200756 | Fixed | 4.8750 | 11/01/43 | $ 139,711 | ||
189,266 | Loan ID 200771 | Fixed | 4.5000 | 12/01/61 | 175,185 | ||
38,534 | Loan ID 200775 | Fixed | 4.2500 | 04/01/43 | 32,288 | ||
70,302 | Loan ID 200776 | Fixed | 4.2500 | 03/01/44 | 58,682 | ||
47,217 | Loan ID 200777 | Fixed | 4.7500 | 06/01/44 | 40,518 | ||
147,779 | Loan ID 200781 | Fixed | 4.6250 | 09/01/44 | 125,562 | ||
59,139 | Loan ID 200783 | Fixed | 4.7500 | 09/01/44 | 50,805 | ||
198,493 | Loan ID 200786 | Fixed | 4.6250 | 07/01/44 | 169,420 | ||
38,165 | Loan ID 200787 | Fixed | 4.7500 | 09/01/44 | 32,746 | ||
178,538 | Loan ID 200791 | Fixed | 4.8750 | 06/01/44 | 154,457 | ||
77,509 | Loan ID 200795 | Fixed | 6.7500 | 08/01/36 | 74,957 | ||
68,112 | Loan ID 200796 | Fixed | 5.8800 | 12/01/53 | 63,877 | ||
54,578 | Loan ID 200799 | Fixed | 4.0000 | 02/05/53 | 44,721 | ||
59,598 | Loan ID 200800 | Fixed | 4.0000 | 01/01/53 | 50,020 | ||
143,178 | Loan ID 200805 | Fixed | 4.6250 | 07/01/50 | 99,821 | ||
52,330 | Loan ID 200808 | Fixed | 4.2500 | 11/01/50 | 32,017 | ||
110,724 | Loan ID 200809 | Fixed | 5.0000 | 04/01/50 | 81,517 | ||
212,948 | Loan ID 200814 | Fixed | 8.2500 | 07/01/39 | 216,113 | ||
182,799 | Loan ID 200821 | Fixed | 4.2500 | 08/01/44 | 152,421 | ||
70,649 | Loan ID 200823 | Fixed | 4.2500 | 09/01/44 | 58,924 | ||
91,558 | Loan ID 200826 | Fixed | 4.3750 | 09/01/44 | 76,857 | ||
163,939 | Loan ID 200830 | ARM | 2.2500 | 07/01/44 | 150,614 | ||
28,071 | Loan ID 200831 | Fixed | 4.2500 | 10/01/44 | 23,392 | ||
241,823 | Loan ID 200832 | Fixed | 4.2500 | 10/01/44 | 196,716 | ||
138,496 | Loan ID 200834 | Fixed | 4.1250 | 07/01/43 | 115,167 | ||
90,222 | Loan ID 200846 | Fixed | 4.3750 | 11/01/43 | 76,057 | ||
89,957 | Loan ID 200853 | Fixed | 5.0000 | 04/01/37 | 80,346 | ||
244,021 | Loan ID 200858 | Fixed | 5.0000 | 01/01/53 | 218,656 | ||
142,724 | Loan ID 200860 | Fixed | 3.8750 | 03/01/52 | 116,350 | ||
238,731 | Loan ID 200866 | Fixed | 3.4000 | 05/01/53 | 197,839 | ||
103,656 | Loan ID 200867 | Fixed | 4.5800 | 09/01/53 | 90,484 | ||
164,095 | Loan ID 200880 | Fixed | 4.2500 | 06/01/43 | 137,460 | ||
44,446 | Loan ID 200883 | Fixed | 3.3750 | 05/01/28 | 35,355 | ||
59,380 | Loan ID 200886 | Fixed | 4.2500 | 10/01/44 | 49,480 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
195,631 | Loan ID 200887 | Fixed | 4.7500 | 09/01/44 | $ 167,910 | ||
179,563 | Loan ID 200891 | Fixed | 4.2500 | 10/01/44 | 149,435 | ||
212,807 | Loan ID 200892 | Fixed | 3.7500 | 09/01/43 | 172,849 | ||
169,339 | Loan ID 200897 | Fixed | 4.7500 | 10/01/44 | 145,366 | ||
349,514 | Loan ID 200907 | ARM | 5.0990 | 08/01/47 | 343,003 | ||
95,375 | Loan ID 200908 | Fixed | 4.0000 | 06/01/49 | 83,312 | ||
114,770 | Loan ID 200909 | Fixed | 4.8700 | 04/01/47 | 102,503 | ||
595,649 | Loan ID 200912 | Fixed | 4.5000 | 03/01/37 | 519,809 | ||
52,926 | Loan ID 200913 | Fixed | 4.2500 | 05/01/47 | 45,611 | ||
129,684 | Loan ID 200914 | Fixed | 2.8750 | 12/01/47 | 107,560 | ||
146,416 | Loan ID 200917 | Fixed | 4.8750 | 01/01/51 | 129,876 | ||
77,615 | Loan ID 200921 | ARM | 3.2500 | 07/01/51 | 76,406 | ||
384,041 | Loan ID 200922 | Fixed | 3.3400 | 09/01/53 | 315,490 | ||
111,052 | Loan ID 200928 | Fixed | 4.8000 | 02/01/41 | 98,553 | ||
168,898 | Loan ID 200940 | Fixed | 3.2500 | 02/01/43 | 133,501 | ||
227,527 | Loan ID 200942 | Fixed | 4.0000 | 04/01/43 | 187,969 | ||
91,077 | Loan ID 200944 | Fixed | 4.5000 | 02/01/44 | 77,128 | ||
249,516 | Loan ID 200947 | Fixed | 4.0000 | 02/01/43 | 206,293 | ||
242,974 | Loan ID 200956 | Fixed | 5.0000 | 08/01/51 | 216,005 | ||
360,528 | Loan ID 200959 | Fixed | 4.0000 | 11/01/42 | 298,431 | ||
129,358 | Loan ID 200966 | Fixed | 4.8750 | 07/01/44 | 111,980 | ||
135,782 | Loan ID 200974 | Fixed | 4.2500 | 10/01/44 | 113,229 | ||
313,842 | Loan ID 200977 | Fixed | 4.8750 | 09/01/44 | 271,931 | ||
146,996 | Loan ID 200993 | Fixed | 2.0040 | 07/15/49 | 111,926 | ||
49,418 | Loan ID 200996 | Fixed | 2.5000 | 08/01/48 | 38,729 | ||
37,210 | Loan ID 201006 | Fixed | 6.8750 | 03/01/38 | 36,415 | ||
83,521 | Loan ID 201007 | Fixed | 7.1250 | 04/01/37 | 82,441 | ||
66,884 | Loan ID 201010 | Fixed | 5.5000 | 04/01/39 | 59,989 | ||
40,588 | Loan ID 201012 | Fixed | 7.5000 | 12/01/38 | 40,496 | ||
49,331 | Loan ID 201013 | Fixed | 7.5000 | 12/01/38 | 49,236 | ||
100,409 | Loan ID 201016 | Fixed | 6.5000 | 05/01/46 | 94,817 | ||
24,614 | Loan ID 201022 | ARM | 4.7500 | 05/01/37 | 24,527 | ||
117,627 | Loan ID 201023 | Fixed | 6.4500 | 02/01/36 | 113,330 | ||
94,699 | Loan ID 201027 | ARM | 9.6250 | 03/01/37 | 98,487 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
124,125 | Loan ID 201032 | Fixed | 4.5000 | 11/01/44 | $ 104,818 | ||
70,856 | Loan ID 201036 | Fixed | 4.3750 | 12/01/44 | 59,455 | ||
61,575 | Loan ID 201037 | Fixed | 8.2500 | 07/01/39 | 62,512 | ||
83,750 | Loan ID 201041 | Fixed | 3.7500 | 11/01/52 | 70,725 | ||
98,623 | Loan ID 201043 | Fixed | 4.0000 | 04/01/39 | 80,091 | ||
148,961 | Loan ID 201044 | Fixed | 4.8700 | 03/29/37 | 132,296 | ||
90,986 | Loan ID 201045 | Fixed | 3.3750 | 07/01/37 | 66,898 | ||
276,448 | Loan ID 201046 | Fixed | 3.0000 | 10/01/58 | 242,527 | ||
101,259 | Loan ID 201047 | Fixed | 3.6250 | 04/01/53 | 81,013 | ||
60,222 | Loan ID 201053 | Fixed | 3.8600 | 07/01/53 | 51,159 | ||
182,781 | Loan ID 201054 | Fixed | 2.4000 | 05/17/50 | 138,640 | ||
140,706 | Loan ID 201057 | Fixed | 4.3750 | 01/01/50 | 122,588 | ||
96,187 | Loan ID 201058 | Fixed | 4.2500 | 08/01/37 | 82,793 | ||
85,477 | Loan ID 201060 | ARM | 3.7500 | 07/01/35 | 86,474 | ||
75,329 | Loan ID 201061 | Fixed | 5.0000 | 02/01/50 | 63,973 | ||
102,619 | Loan ID 201063 | Fixed | 4.0000 | 09/01/47 | 87,193 | ||
207,213 | Loan ID 201066 | Fixed | 4.2500 | 12/01/46 | 178,990 | ||
386,423 | Loan ID 201067 | Fixed | 4.7500 | 01/01/44 | 332,404 | ||
58,733 | Loan ID 201069 | Fixed | 4.6250 | 12/01/44 | 50,028 | ||
57,421 | Loan ID 201072 | Fixed | 3.5000 | 03/01/28 | 46,079 | ||
83,329 | Loan ID 201075 | Fixed | 4.3750 | 10/01/44 | 69,984 | ||
200,056 | Loan ID 201084 | Fixed | 5.0000 | 08/01/38 | 175,129 | ||
225,427 | Loan ID 201092 | Fixed | 5.2500 | 04/01/46 | 200,636 | ||
121,415 | Loan ID 201093 | Fixed | 4.1250 | 02/01/45 | 109,928 | ||
131,312 | Loan ID 201103 | ARM | 3.1250 | 05/01/44 | 124,288 | ||
142,391 | Loan ID 201104 | Fixed | 4.3750 | 04/01/45 | 119,395 | ||
62,662 | Loan ID 201107 | Fixed | 5.1500 | 02/01/36 | 56,769 | ||
145,388 | Loan ID 201111 | Fixed | 4.8750 | 04/01/50 | 105,501 | ||
74,159 | Loan ID 201113 | Fixed | 5.7500 | 12/01/52 | 69,172 | ||
113,739 | Loan ID 201114 | Fixed | 8.0870 | 05/01/54 | 114,981 | ||
459,114 | Loan ID 201115 | Fixed | 4.0000 | 02/01/51 | 388,936 | ||
73,258 | Loan ID 201122 | Fixed | 4.7500 | 11/01/48 | 60,915 | ||
196,526 | Loan ID 201124 | Fixed | 4.7500 | 04/01/40 | 172,945 | ||
63,725 | Loan ID 201127 | ARM | 5.0000 | 04/01/37 | 64,602 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
100,092 | Loan ID 201130 | Fixed | 4.8500 | 12/01/37 | $ 87,311 | ||
113,190 | Loan ID 201131 | Fixed | 8.2500 | 05/01/53 | 114,866 | ||
152,410 | Loan ID 201132 | Fixed | 4.2500 | 07/01/37 | 113,275 | ||
174,737 | Loan ID 201134 | Fixed | 4.6250 | 10/01/53 | 134,600 | ||
161,530 | Loan ID 201139 | Fixed | 3.0000 | 11/01/53 | 130,291 | ||
74,603 | Loan ID 201143 | Fixed | 3.5000 | 11/01/37 | 55,396 | ||
122,362 | Loan ID 201146 | Fixed | 4.8750 | 08/01/54 | 108,650 | ||
100,882 | Loan ID 201147 | Fixed | 4.1250 | 11/01/51 | 81,524 | ||
82,782 | Loan ID 201148 | Fixed | 3.9500 | 10/01/42 | 71,937 | ||
341,793 | Loan ID 201149 | Fixed | 5.0000 | 12/01/61 | 304,810 | ||
87,095 | Loan ID 201155 | Fixed | 6.2500 | 11/01/53 | 60,334 | ||
184,863 | Loan ID 201160 | Fixed | 4.9200 | 10/01/49 | 165,918 | ||
350,767 | Loan ID 201163 | Fixed | 4.7500 | 12/01/49 | 262,973 | ||
392,540 | Loan ID 201168 | Fixed | 3.8750 | 04/01/52 | 356,783 | ||
46,960 | Loan ID 201170 | Fixed | 4.3750 | 07/01/37 | 40,737 | ||
99,869 | Loan ID 201173 | Fixed | 4.2800 | 11/01/47 | 75,562 | ||
119,404 | Loan ID 201176 | Fixed | 4.2500 | 07/01/53 | 104,310 | ||
286,303 | Loan ID 201179 | Fixed | 4.7500 | 05/01/51 | 204,887 | ||
232,940 | Loan ID 201181 | Fixed | 4.5000 | 04/01/34 | 207,086 | ||
121,866 | Loan ID 201183 | Fixed | 3.5000 | 10/01/52 | 102,330 | ||
56,955 | Loan ID 201184 | Fixed | 4.0000 | 06/01/49 | 49,596 | ||
225,438 | Loan ID 201185 | Fixed | 7.2500 | 10/01/53 | 222,934 | ||
74,631 | Loan ID 201187 | Fixed | 5.0000 | 11/01/48 | 49,050 | ||
561,941 | Loan ID 201196 | Fixed | 4.3750 | 11/01/36 | 488,393 | ||
296,888 | Loan ID 201199 | Fixed | 5.1250 | 11/01/46 | 267,017 | ||
131,116 | Loan ID 201205 | Fixed | 4.6250 | 01/01/45 | 111,562 | ||
101,283 | Loan ID 201208 | Fixed | 4.6250 | 04/01/45 | 86,043 | ||
159,106 | Loan ID 201209 | Fixed | 4.2500 | 04/01/45 | 132,430 | ||
383,136 | Loan ID 201212 | Fixed | 4.6250 | 03/01/61 | 326,160 | ||
172,714 | Loan ID 201213 | Fixed | 4.8750 | 08/01/44 | 149,128 | ||
469,379 | Loan ID 201214 | ARM | 2.3750 | 09/01/43 | 446,619 | ||
54,140 | Loan ID 201221 | Fixed | 3.2500 | 05/01/43 | 45,246 | ||
42,084 | Loan ID 201222 | Fixed | 5.1250 | 01/01/45 | 36,774 | ||
139,753 | Loan ID 201240 | Fixed | 4.2500 | 10/01/45 | 116,102 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
263,611 | Loan ID 201241 | Fixed | 4.3750 | 07/01/45 | $ 220,991 | ||
98,088 | Loan ID 201243 | Fixed | 4.6250 | 11/01/45 | 83,325 | ||
356,642 | Loan ID 201244 | Fixed | 4.5000 | 06/01/45 | 300,886 | ||
100,693 | Loan ID 201245 | Fixed | 4.7500 | 08/01/44 | 86,529 | ||
89,499 | Loan ID 201248 | Fixed | 4.8750 | 07/01/44 | 77,374 | ||
451,470 | Loan ID 201249 | Fixed | 4.6250 | 03/01/59 | 382,928 | ||
193,008 | Loan ID 201254 | Fixed | 7.2500 | 05/01/60 | 191,052 | ||
203,789 | Loan ID 201255 | ARM | 7.6250 | 06/01/35 | 203,789 | ||
154,607 | Loan ID 201260 | Fixed | 4.7500 | 09/01/45 | 132,382 | ||
44,439 | Loan ID 201263 | Fixed | 4.7500 | 10/01/45 | 38,047 | ||
131,077 | Loan ID 201266 | Fixed | 4.5000 | 02/01/46 | 110,281 | ||
133,238 | Loan ID 201270 | Fixed | 4.1250 | 02/01/45 | 110,065 | ||
216,325 | Loan ID 201273 | Fixed | 4.5000 | 12/01/45 | 182,010 | ||
192,667 | Loan ID 201274 | Fixed | 4.1250 | 10/01/45 | 158,740 | ||
19,696 | Loan ID 201285 | Fixed | 4.6250 | 11/01/28 | 18,708 | ||
274,302 | Loan ID 201291 | Fixed | 5.0000 | 08/01/45 | 237,720 | ||
110,048 | Loan ID 201294 | Fixed | 4.6250 | 02/01/46 | 91,126 | ||
684,912 | Loan ID 201296 �� | Fixed | 4.2500 | 02/01/46 | 567,596 | ||
64,610 | Loan ID 201301 | Fixed | 4.5500 | 10/01/44 | 54,757 | ||
132,876 | Loan ID 201305 | Fixed | 4.6250 | 08/01/44 | 113,044 | ||
103,799 | Loan ID 201306 | Fixed | 3.8750 | 09/01/45 | 84,170 | ||
159,746 | Loan ID 201307 | Fixed | 4.2500 | 10/01/48 | 132,484 | ||
55,935 | Loan ID 201308 | Fixed | 4.6250 | 11/01/45 | 47,464 | ||
144,918 | Loan ID 201309 | Fixed | 4.0000 | 09/01/45 | 118,571 | ||
291,084 | Loan ID 201313 | Fixed | 4.6250 | 01/01/46 | 240,237 | ||
154,114 | Loan ID 201319 | Fixed | 4.3750 | 10/01/45 | 128,921 | ||
123,576 | Loan ID 201324 | Fixed | 5.2500 | 04/01/46 | 109,240 | ||
159,716 | Loan ID 201326 | Fixed | 4.6250 | 03/01/46 | 135,459 | ||
171,460 | Loan ID 201328 | Fixed | 4.2500 | 11/01/45 | 153,278 | ||
172,908 | Loan ID 201336 | Fixed | 4.7500 | 01/01/46 | 147,148 | ||
215,059 | Loan ID 201350 | Fixed | 4.0000 | 06/01/45 | 198,724 | ||
448,097 | Loan ID 201354 | Fixed | 3.3750 | 07/01/46 | 373,872 | ||
123,012 | Loan ID 201355 | Fixed | 5.2500 | 12/01/45 | 109,021 | ||
136,787 | Loan ID 201358 | Fixed | 4.8750 | 07/01/45 | 118,170 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
303,971 | Loan ID 201365 | Fixed | 4.2500 | 10/01/45 | $ 252,561 | ||
164,531 | Loan ID 201370 | Fixed | 4.2500 | 07/01/46 | 136,098 | ||
235,405 | Loan ID 201372 | Fixed | 4.6250 | 08/01/46 | 199,307 | ||
129,699 | Loan ID 201375 | Fixed | 4.5000 | 06/01/45 | 109,455 | ||
228,800 | Loan ID 201377 | Fixed | 3.8750 | 05/01/46 | 191,804 | ||
125,910 | Loan ID 201385 | Fixed | 4.6250 | 12/01/45 | 113,468 | ||
203,016 | Loan ID 201390 | Fixed | 5.1250 | 09/01/45 | 177,687 | ||
361,398 | Loan ID 201391 | Fixed | 5.1250 | 10/01/45 | 308,323 | ||
398,715 | Loan ID 201393 | Fixed | 3.7500 | 04/01/56 | 334,795 | ||
65,150 | Loan ID 201394 | Fixed | 6.7000 | 06/01/34 | 63,425 | ||
78,843 | Loan ID 201395 | Fixed | 6.3000 | 07/01/44 | 41,140 | ||
77,789 | Loan ID 201400 | Fixed | 4.7500 | 07/01/44 | 66,847 | ||
81,164 | Loan ID 201401 | Fixed | 4.7500 | 10/01/44 | 69,655 | ||
85,231 | Loan ID 201403 | Fixed | 4.7500 | 08/01/44 | 72,839 | ||
65,350 | Loan ID 201405 | Fixed | 5.2500 | 08/01/44 | 58,013 | ||
49,754 | Loan ID 201406 | Fixed | 4.2500 | 06/01/46 | 41,146 | ||
221,488 | Loan ID 201407 | Fixed | 4.8750 | 01/01/46 | 191,045 | ||
149,379 | Loan ID 201411 | Fixed | 4.7500 | 12/01/45 | 127,913 | ||
131,075 | Loan ID 201412 | Fixed | 5.7500 | 12/01/45 | 120,554 | ||
305,158 | Loan ID 201413 | Fixed | 4.5000 | 07/01/45 | 257,351 | ||
66,421 | Loan ID 201414 | Fixed | 4.2500 | 07/01/44 | 54,896 | ||
46,849 | Loan ID 201415 | Fixed | 8.0000 | 04/01/34 | 47,296 | ||
52,917 | Loan ID 201417 | Fixed | 6.0000 | 08/01/37 | 49,931 | ||
36,146 | Loan ID 201419 | Fixed | 10.0000 | 11/01/33 | 37,104 | ||
52,215 | Loan ID 201422 | Fixed | 4.6250 | 10/01/46 | 44,107 | ||
89,512 | Loan ID 201434 | Fixed | 4.3750 | 06/01/46 | 74,708 | ||
81,726 | Loan ID 201436 | Fixed | 4.3750 | 05/01/45 | 68,490 | ||
163,808 | Loan ID 201439 | Fixed | 5.0000 | 12/01/45 | 142,428 | ||
273,686 | Loan ID 201442 | Fixed | 4.8750 | 12/01/45 | 235,204 | ||
46,319 | Loan ID 201444 | Fixed | 4.5000 | 11/01/44 | 39,091 | ||
230,131 | Loan ID 201447 | Fixed | 4.8750 | 10/01/44 | 198,878 | ||
83,232 | Loan ID 201449 | Fixed | 4.0000 | 08/01/44 | 68,376 | ||
212,861 | Loan ID 201458 | Fixed | 3.8750 | 09/01/46 | 167,790 | ||
244,040 | Loan ID 201461 | Fixed | 4.1250 | 12/01/44 | 196,385 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
91,952 | Loan ID 201465 | Fixed | 5.1250 | 12/01/44 | $ 80,658 | ||
278,136 | Loan ID 201473 | Fixed | 4.5000 | 02/01/45 | 234,936 | ||
133,930 | Loan ID 201476 | ARM | 8.5000 | 02/01/37 | 133,930 | ||
70,965 | Loan ID 201477 | Fixed | 6.7500 | 11/01/36 | 69,184 | ||
268,870 | Loan ID 201483 | Fixed | 4.1250 | 12/01/45 | 221,181 | ||
69,869 | Loan ID 201484 | Fixed | 4.5000 | 10/01/46 | 58,658 | ||
54,498 | Loan ID 201485 | Fixed | 5.7500 | 03/01/38 | 50,718 | ||
154,316 | Loan ID 201487 | Fixed | 4.6250 | 02/01/52 | 136,900 | ||
83,683 | Loan ID 201489 | Fixed | 4.7500 | 03/01/46 | 71,606 | ||
69,758 | Loan ID 201499 | Fixed | 4.7500 | 05/01/45 | 59,886 | ||
95,479 | Loan ID 201502 | Fixed | 5.2500 | 04/01/44 | 84,944 | ||
136,295 | Loan ID 201503 | Fixed | 5.0000 | 07/01/46 | 118,294 | ||
410,408 | Loan ID 201504 | Fixed | 4.5000 | 07/01/45 | 346,149 | ||
82,485 | Loan ID 201505 | ARM | 6.0000 | 09/01/46 | 85,785 | ||
282,091 | Loan ID 201506 | Fixed | 5.0000 | 02/01/47 | 244,394 | ||
204,448 | Loan ID 201508 | Fixed | 5.0000 | 02/01/47 | 177,347 | ||
111,828 | Loan ID 201513 | Fixed | 4.0000 | 01/01/46 | 97,010 | ||
43,731 | Loan ID 201515 | Fixed | 5.1250 | 04/01/47 | 38,098 | ||
87,526 | Loan ID 201519 | Fixed | 4.7500 | 09/01/45 | 75,027 | ||
72,070 | Loan ID 201523 | Fixed | 5.1250 | 07/01/45 | 63,258 | ||
307,106 | Loan ID 201533 | Fixed | 4.7500 | 05/01/46 | 262,202 | ||
37,209 | Loan ID 201534 | Fixed | 4.8750 | 05/01/47 | 31,904 | ||
305,812 | Loan ID 201535 | Fixed | 4.8750 | 08/01/47 | 278,520 | ||
126,145 | Loan ID 201552 | Fixed | 4.0000 | 08/01/47 | 109,079 | ||
43,759 | Loan ID 201556 | Fixed | 4.9900 | 12/01/47 | 37,569 | ||
122,620 | Loan ID 201558 | Fixed | 4.5000 | 08/01/47 | 109,236 | ||
94,823 | Loan ID 201579 | Fixed | 4.7500 | 12/01/36 | 80,837 | ||
78,180 | Loan ID 201581 | Fixed | 4.1250 | 10/01/46 | 64,111 | ||
79,938 | Loan ID 201583 | Fixed | 5.2500 | 08/01/47 | 74,561 | ||
41,183 | Loan ID 201585 | Fixed | 5.5000 | 03/01/48 | 36,939 | ||
358,874 | Loan ID 201586 | Fixed | 4.6250 | 05/01/47 | 302,606 | ||
289,048 | Loan ID 201587 | Fixed | 4.3750 | 01/01/48 | 238,316 | ||
31,153 | Loan ID 201589 | Fixed | 5.3750 | 06/01/48 | 27,581 | ||
295,683 | Loan ID 201591 | Fixed | 5.3750 | 08/01/48 | 264,536 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
318,234 | Loan ID 201599 | Fixed | 5.0000 | 07/01/38 | $ 232,601 | ||
44,013 | Loan ID 201600 | Fixed | 6.0000 | 01/01/36 | 9,492 | ||
57,547 | Loan ID 201604 | Fixed | 8.5000 | 01/01/48 | 58,339 | ||
57,984 | Loan ID 201611 | Fixed | 9.9900 | 07/01/48 | 60,304 | ||
251,178 | Loan ID 201612 | Fixed | 8.9900 | 10/01/25 | 261,225 | ||
25,503 | Loan ID 201624 | Fixed | 11.0000 | 07/22/28 | 24,516 | ||
42,338 | Loan ID 201627 | Fixed | 10.4500 | 02/19/47 | 43,418 | ||
47,257 | Loan ID 201628 | Fixed | 11.0000 | 07/25/40 | 46,047 | ||
27,566 | Loan ID 201629 | Fixed | 11.0000 | 03/06/33 | 27,566 | ||
39,163 | Loan ID 201631 | Fixed | 9.9500 | 07/25/31 | 36,855 | ||
64,026 | Loan ID 201634 | Fixed | 7.9500 | 02/28/48 | 63,659 | ||
62,925 | Loan ID 201635 | Fixed | 9.9500 | 03/14/46 | 62,925 | ||
67,472 | Loan ID 201636 | Fixed | 9.4500 | 05/13/31 | 70,170 | ||
96,577 | Loan ID 201637 | Fixed | 11.0000 | 05/22/45 | 99,792 | ||
134,203 | Loan ID 201638 | Fixed | 8.5000 | 09/19/44 | 137,036 | ||
307,033 | Loan ID 201639 | Fixed | 5.0000 | 09/01/48 | 280,598 | ||
329,401 | Loan ID 201640 | Fixed | 5.1250 | 04/01/49 | 287,652 | ||
669,302 | Loan ID 201645(a) | Fixed | 8.0000 | 07/01/20 | 108,598 | ||
38,260 | Loan ID 201647 | Fixed | 6.0000 | 10/01/31 | 36,427 | ||
28,218 | Loan ID 201648 | Fixed | 7.1500 | 08/14/30 | 27,837 | ||
45,443 | Loan ID 201649 | Fixed | 4.8000 | 02/20/30 | 41,799 | ||
33,325 | Loan ID 201650 | Fixed | 7.0000 | 11/14/31 | 32,723 | ||
49,853 | Loan ID 201651 | Fixed | 7.0000 | 12/01/36 | 7,623 | ||
188,873 | Loan ID 201653 | Fixed | 4.2500 | 06/01/48 | 165,817 | ||
425,352 | Loan ID 201654 | Fixed | 4.8750 | 07/01/49 | 360,234 | ||
105,710 | Loan ID 201656 | Fixed | 4.6250 | 06/01/49 | 88,618 | ||
236,008 | Loan ID 201657 | Fixed | 5.2500 | 11/01/48 | 208,617 | ||
125,478 | Loan ID 201662 | Fixed | 5.3750 | 09/01/48 | 110,929 | ||
408,125 | Loan ID 201663 | Fixed | 4.7500 | 10/01/48 | 310,914 | ||
18,046 | Loan ID 201664 | Fixed | 10.0000 | 08/01/33 | 18,046 | ||
40,451 | Loan ID 201665 | Fixed | 9.9900 | 08/01/48 | 42,069 | ||
16,543 | Loan ID 201666 | Fixed | 10.0000 | 06/01/33 | 17,204 | ||
15,647 | Loan ID 201667 | Fixed | 10.0000 | 07/01/33 | 16,273 | ||
14,642 | Loan ID 201668 | Fixed | 9.7500 | 11/01/33 | 15,228 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
54,157 | Loan ID 201670 | Fixed | 8.0000 | 09/15/48 | $ 53,653 | ||
22,267 | Loan ID 201671 | Fixed | 9.0000 | 09/15/48 | 22,260 | ||
20,587 | Loan ID 201672 | Fixed | 9.9000 | 10/15/48 | 21,410 | ||
50,718 | Loan ID 201673 | Fixed | 9.9900 | 06/01/48 | 52,747 | ||
23,580 | Loan ID 201674 | Fixed | 9.9000 | 12/01/48 | 24,523 | ||
110,004 | Loan ID 201676 | Fixed | 9.6250 | 10/01/48 | 114,404 | ||
78,811 | Loan ID 201677 | Fixed | 9.2500 | 11/01/48 | 81,210 | ||
23,140 | Loan ID 201678 | Fixed | 10.0000 | 08/01/48 | 23,959 | ||
41,115 | Loan ID 201679 | Fixed | 7.7000 | 03/01/47 | 40,933 | ||
38,705 | Loan ID 201680 | Fixed | 9.9000 | 09/15/48 | 40,047 | ||
168,642 | Loan ID 201682 | Fixed | 5.0000 | 07/01/48 | 154,674 | ||
392,333 | Loan ID 201684 | Fixed | 4.5000 | 08/01/49 | 327,287 | ||
277,190 | Loan ID 201685 | Fixed | 5.5000 | 02/01/49 | 247,771 | ||
96,520 | Loan ID 201686 | Fixed | 4.2500 | 07/01/49 | 79,040 | ||
102,923 | Loan ID 201687 | Fixed | 5.5000 | 07/01/48 | 88,689 | ||
199,726 | Loan ID 201689 | Fixed | 4.5000 | 04/01/49 | 165,885 | ||
20,248 | Loan ID 201692 | Fixed | 8.4900 | 11/01/29 | 20,742 | ||
63,093 | Loan ID 201696 | Fixed | 5.1250 | 10/01/48 | 54,578 | ||
81,465 | Loan ID 201698 | Fixed | 4.3750 | 12/01/47 | 67,472 | ||
257,936 | Loan ID 201699 | Fixed | 5.5220 | 09/01/49 | 231,959 | ||
314,719 | Loan ID 201700 | Fixed | 6.1250 | 06/01/49 | 296,017 | ||
60,584 | Loan ID 201701 | Fixed | 5.0000 | 08/01/49 | 51,922 | ||
173,937 | Loan ID 201707 | Fixed | 4.8750 | 08/01/49 | 148,845 | ||
199,883 | Loan ID 201709 | Fixed | 5.3250 | 09/01/49 | 174,785 | ||
140,806 | Loan ID 201710 | Fixed | 6.7000 | 11/01/49 | 134,620 | ||
181,912 | Loan ID 201713 | Fixed | 10.1110 | 12/01/49 | 189,188 | ||
98,456 | Loan ID 201715 | Fixed | 10.1300 | 12/01/49 | 101,863 | ||
234,231 | Loan ID 201716 | Fixed | 10.1500 | 12/01/49 | 243,601 | ||
426,392 | Loan ID 201717 | Fixed | 6.5000 | 12/01/48 | 409,345 | ||
113,822 | Loan ID 201719 | Fixed | 4.7500 | 09/01/49 | 102,862 | ||
132,974 | Loan ID 201720 | Fixed | 4.3750 | 04/01/49 | 109,587 | ||
247,061 | Loan ID 201724 | Fixed | 5.3750 | 01/01/49 | 138,280 | ||
76,399 | Loan ID 201725(a) | Fixed | 8.4900 | 12/01/22 | 66,322 | ||
54,997 | Loan ID 201726(a) | Fixed | 8.4900 | 12/01/22 | 47,743 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
124,145 | Loan ID 201732 | Fixed | 5.1250 | 05/01/47 | $ 108,484 | ||
75,677 | Loan ID 201733 | Fixed | 5.2500 | 04/01/44 | 67,345 | ||
123,027 | Loan ID 201739 | ARM | 7.1250 | 04/01/48 | 123,061 | ||
223,754 | Loan ID 201741 | ARM | 8.0000 | 07/01/48 | 224,419 | ||
131,780 | Loan ID 201743 | Fixed | 5.4990 | 09/01/48 | 117,752 | ||
282,496 | Loan ID 201744 | Fixed | 5.6250 | 05/01/49 | 249,922 | ||
358,952 | Loan ID 201746 | Fixed | 4.8750 | 07/01/49 | 307,601 | ||
433,374 | Loan ID 201750 | Fixed | 6.1250 | 04/01/50 | 408,074 | ||
1,076,873 | Loan ID 201753 | Fixed | 4.8750 | 04/01/50 | 926,423 | ||
244,185 | Loan ID 201756 | Fixed | 5.0000 | 03/01/50 | 211,710 | ||
247,206 | Loan ID 201757 | ARM | 5.1250 | 04/01/50 | 236,176 | ||
408,516 | Loan ID 201758 | Fixed | 5.8750 | 03/01/50 | 371,939 | ||
254,564 | Loan ID 201759 | ARM | 5.7500 | 03/01/50 | 246,117 | ||
252,685 | Loan ID 201761 | Fixed | 6.8750 | 02/01/50 | 246,951 | ||
415,847 | Loan ID 201762 | Fixed | 5.9900 | 03/01/50 | 384,024 | ||
143,120 | Loan ID 201763 | Fixed | 7.3750 | 04/01/50 | 139,635 | ||
210,961 | Loan ID 201767 | Fixed | 5.2500 | 07/01/49 | 195,607 | ||
185,807 | Loan ID 201768 | Fixed | 6.7500 | 04/01/50 | 180,246 | ||
212,927 | Loan ID 201770 | Fixed | 9.3750 | 04/01/50 | 217,622 | ||
333,290 | Loan ID 201772 | Fixed | 8.1250 | 03/01/50 | 328,989 | ||
435,857 | Loan ID 201780 | Fixed | 6.1250 | 04/01/50 | 401,238 | ||
276,269 | Loan ID 201784 | Fixed | 6.7500 | 04/01/50 | 263,284 | ||
247,000 | Loan ID 201797(a) | Fixed | 10.9900 | 12/01/21 | 255,503 | ||
30,803 | Loan ID 201802 | Fixed | 4.2500 | 10/01/29 | 30,734 | ||
14,410 | Loan ID 201803 | Fixed | 7.0500 | 07/01/34 | 14,181 | ||
168,581 | Loan ID 201804 | Fixed | 4.0000 | 03/01/58 | 143,991 | ||
108,105 | Loan ID 201805 | Fixed | 4.3750 | 08/01/59 | 93,282 | ||
24,515 | Loan ID 201806 | DSI | 9.0000 | 06/01/26 | 24,725 | ||
69,908 | Loan ID 201807 | Fixed | 5.0000 | 08/01/43 | 64,092 | ||
117,678 | Loan ID 201808 | Fixed | 3.8750 | 06/01/60 | 99,679 | ||
162,194 | Loan ID 201809 | Fixed | 3.7500 | 11/01/59 | 136,717 | ||
71,980 | Loan ID 201810 | Fixed | 3.7500 | 02/01/42 | 63,897 | ||
56,536 | Loan ID 201811 | DSI | 11.8300 | 05/01/35 | 58,798 | ||
26,027 | Loan ID 201812 | Fixed | 9.2400 | 02/01/27 | 26,825 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
47,534 | Loan ID 201814 | DSI | 7.7400 | 03/01/33 | $ 47,555 | ||
62,611 | Loan ID 201815 | Fixed | 8.0000 | 09/01/33 | 63,603 | ||
42,164 | Loan ID 201816 | Fixed | 4.6250 | 04/01/29 | 42,077 | ||
91,086 | Loan ID 201817 | Fixed | 4.1250 | 10/01/34 | 90,871 | ||
50,815 | Loan ID 201819 | Fixed | 3.8750 | 11/01/29 | 48,693 | ||
2,983 | Loan ID 201820 | Fixed | 3.7500 | 03/01/42 | 2,833 | ||
59,334 | Loan ID 201821 | Fixed | 6.4500 | 05/01/30 | 57,419 | ||
48,649 | Loan ID 201822 | DSI | 8.9200 | 01/01/36 | 14,488 | ||
69,910 | Loan ID 201823 | Fixed | 9.6250 | 03/01/40 | 71,186 | ||
269,713 | Loan ID 201824 | DSI | 8.5000 | 10/01/37 | 260,625 | ||
119,993 | Loan ID 201825 | Fixed | 3.8750 | 03/01/40 | 107,861 | ||
55,745 | Loan ID 201826 | Fixed | 8.4980 | 11/01/30 | 56,428 | ||
22,178 | Loan ID 201827 | Fixed | 10.7800 | 03/01/26 | 23,066 | ||
25,652 | Loan ID 201828 | Fixed | 8.2490 | 10/01/30 | 25,850 | ||
106,485 | Loan ID 201829 | DSI | 10.4600 | 08/01/37 | 109,890 | ||
28,444 | Loan ID 201830 | DSI | 10.5550 | 10/01/26 | 28,444 | ||
60,965 | Loan ID 201831 | DSI | 11.1100 | 02/01/38 | 63,362 | ||
53,622 | Loan ID 201832 | Fixed | 6.2500 | 06/01/34 | 52,611 | ||
30,543 | Loan ID 201833 | DSI | 12.6790 | 06/01/23 | 31,068 | ||
58,798 | Loan ID 201834 | DSI | 9.1500 | 04/01/38 | 60,841 | ||
31,927 | Loan ID 201835 | DSI | 7.5000 | 01/01/27 | 32,042 | ||
24,561 | Loan ID 201836 | DSI | 8.8360 | 07/01/27 | 24,620 | ||
42,061 | Loan ID 201837 | DSI | 6.9960 | 09/01/31 | 41,293 | ||
40,603 | Loan ID 201838 | DSI | 9.0700 | 07/01/27 | 41,815 | ||
41,152 | Loan ID 201839 | DSI | 11.1100 | 08/01/39 | 42,669 | ||
65,871 | Loan ID 201840 | DSI | 10.8700 | 10/01/41 | 68,036 | ||
28,737 | Loan ID 201841 | Fixed | 10.0600 | 05/01/25 | 29,495 | ||
61,182 | Loan ID 201842 | DSI | 11.0300 | 03/01/28 | 62,936 | ||
30,127 | Loan ID 201843 | Fixed | 9.1800 | 08/01/31 | 30,935 | ||
40,256 | Loan ID 201844 | DSI | 11.4900 | 11/01/28 | 41,867 | ||
11,497 | Loan ID 201845 | DSI | 7.0000 | 02/01/24 | 11,467 | ||
40,487 | Loan ID 201846 | Fixed | 8.4960 | 05/01/34 | 40,072 | ||
116,451 | Loan ID 201847 | Fixed | 2.3750 | 06/01/33 | 99,624 | ||
49,860 | Loan ID 201848 | DSI | 4.2900 | 11/01/32 | 45,500 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
49,250 | Loan ID 201849 | DSI | 4.4800 | 06/01/35 | $ 42,790 | ||
123,909 | Loan ID 201851 | DSI | 4.5000 | 08/30/23 | 120,468 | ||
83,577 | Loan ID 201853 | DSI | 4.9100 | 02/01/34 | 77,841 | ||
80,689 | Loan ID 201855 | DSI | 4.3900 | 07/01/36 | 72,595 | ||
43,657 | Loan ID 201856 | Fixed | 7.9000 | 06/01/37 | 38,973 | ||
47,528 | Loan ID 201857 | Fixed | 3.2500 | 04/01/35 | 47,387 | ||
363,791 | Loan ID 201858 | Fixed | 4.6250 | 02/01/39 | 322,927 | ||
592,500 | Loan ID 201859 | Interest Only | 7.5000 | 12/31/25 | 616,200 | ||
118,304 | Loan ID 201861 | Fixed | 5.0000 | 05/01/40 | 110,191 | ||
20,823 | Loan ID 201862 | DSI | 10.0000 | 05/01/27 | 20,823 | ||
20,402 | Loan ID 201864 | DSI | 7.0560 | 01/01/35 | 19,197 | ||
26,133 | Loan ID 201865 | Fixed | 6.4990 | 01/01/32 | 25,163 | ||
49,864 | Loan ID 201866 | Fixed | 4.8750 | 01/01/44 | 43,425 | ||
28,072 | Loan ID 201867 | DSI | 4.2300 | 12/01/32 | 23,538 | ||
53,132 | Loan ID 201868 | DSI | 7.5360 | 09/01/34 | 52,666 | ||
14,088 | Loan ID 201869 | DSI | 8.3900 | 07/01/24 | 14,289 | ||
3,673 | Loan ID 201870 | DSI | 9.4800 | 02/01/23 | 3,820 | ||
4,265 | Loan ID 201871 | Fixed | 9.9700 | 05/01/26 | 4,368 | ||
33,234 | Loan ID 201872 | DSI | 8.1000 | 09/01/38 | 33,297 | ||
13,867 | Loan ID 201873 | Fixed | 6.6480 | 02/01/27 | 12,935 | ||
21,360 | Loan ID 201874 | DSI | 10.5400 | 05/01/27 | 22,067 | ||
7,904 | Loan ID 201875 | Fixed | 10.9800 | 06/01/30 | 8,191 | ||
10,668 | Loan ID 201876 | Fixed | 8.3100 | 02/01/27 | 10,856 | ||
4,271 | Loan ID 201877 | DSI | 10.8300 | 12/19/28 | 4,431 | ||
20,781 | Loan ID 201878 | DSI | 9.0500 | 08/01/24 | 20,660 | ||
8,066 | Loan ID 201879 | Fixed | 9.3100 | 10/01/26 | 8,381 | ||
16,705 | Loan ID 201881 | DSI | 4.5900 | 05/01/26 | 14,133 | ||
26,727 | Loan ID 201883 | Fixed | 4.6250 | 06/01/33 | 23,654 | ||
1,711 | Loan ID 201884 | DSI | 11.3890 | 02/01/23 | 1,779 | ||
19,549 | Loan ID 201885 | Fixed | 5.0000 | 05/01/34 | 17,702 | ||
40,321 | Loan ID 201887 | Fixed | 6.2500 | 01/01/42 | 38,737 | ||
19,821 | Loan ID 201889 | DSI | 9.4990 | 02/01/39 | 20,447 | ||
6,251 | Loan ID 201890 | Fixed | 4.5000 | 11/01/25 | 5,590 | ||
13,524 | Loan ID 201891 | Fixed | 10.2900 | 07/01/26 | 13,899 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
13,663 | Loan ID 201892 | DSI | 9.9600 | 06/01/23 | $ 13,663 | ||
9,545 | Loan ID 201895 | Fixed | 9.6900 | 05/01/26 | 9,747 | ||
3,982 | Loan ID 201896 | Fixed | 9.6800 | 09/01/25 | 4,067 | ||
14,773 | Loan ID 201897 | Fixed | 8.2800 | 03/01/27 | 15,023 | ||
9,622 | Loan ID 201898 | Fixed | 10.3120 | 10/01/26 | 9,889 | ||
13,367 | Loan ID 201899 | DSI | 10.5000 | 10/01/24 | 13,829 | ||
3,644 | Loan ID 201900 | DSI | 12.1320 | 10/10/23 | 3,789 | ||
20,906 | Loan ID 201901 | DSI | 8.7360 | 09/01/28 | 20,457 | ||
13,258 | Loan ID 201902 | Fixed | 10.5480 | 10/01/26 | 13,665 | ||
14,474 | Loan ID 201904 | DSI | 10.1900 | 08/01/29 | 14,874 | ||
66,689 | Loan ID 201907 | Fixed | 9.8540 | 09/01/30 | 66,689 | ||
18,489 | Loan ID 201908 | DSI | 11.6160 | 09/01/27 | 19,229 | ||
50,544 | Loan ID 201909 | DSI | 9.2400 | 07/01/33 | 52,119 | ||
9,120 | Loan ID 201910 | DSI | 6.0000 | 07/01/26 | 8,510 | ||
15,631 | Loan ID 201911 | DSI | 7.9990 | 07/01/31 | 15,350 | ||
37,837 | Loan ID 201912 | Fixed | 7.7500 | 08/01/34 | 36,882 | ||
4,143 | Loan ID 201913 | Fixed | 9.3100 | 11/01/26 | 4,305 | ||
25,475 | Loan ID 201914 | DSI | 9.3260 | 08/01/26 | 25,262 | ||
89,791 | Loan ID 201916 | Fixed | 3.7500 | 05/01/38 | 84,961 | ||
221,300 | Loan ID 201924 | Interest Only | 7.5000 | 02/28/26 | 224,570 | ||
343,492 | Loan ID 201925 | Interest Only | 7.0000 | 02/29/24 | 166,972 | ||
300,177 | Loan ID 201927 | Fixed | 8.9900 | 04/01/51 | 302,255 | ||
1,610,000 | Loan ID 201928 | ARM | 7.8750 | 04/01/50 | 1,614,360 | ||
295,285 | Loan ID 201930 | Fixed | 8.9900 | 04/01/51 | 297,013 | ||
283,500 | Loan ID 201933 | Interest Only | 7.5000 | 04/30/26 | 297,675 | ||
163,163 | Loan ID 201936 | Fixed | 8.9900 | 05/01/51 | 163,950 | ||
360,000 | Loan ID 201937 | Interest Only | 7.0000 | 04/30/24 | 350,327 | ||
465,435 | Loan ID 201938 | Fixed | 7.4900 | 05/01/51 | 456,183 | ||
2,792,726 | Loan ID 201939 | Fixed | 6.7500 | 05/01/51 | 2,332,930 | ||
68,325 | Loan ID 201940 | Fixed | 5.2500 | 06/20/50 | 68,325 | ||
242,085 | Loan ID 201941 | Fixed | 5.1250 | 12/01/48 | 37,293 | ||
121,360 | Loan ID 201942 | Fixed | 5.0000 | 06/01/50 | 104,690 | ||
100,578 | Loan ID 201943 | Interest Only | 7.0000 | 05/31/24 | 96,305 | ||
195,950 | Loan ID 201944 | Interest Only | 8.0000 | 05/31/24 | 198,953 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
170,000 | Loan ID 201945 | Fixed | 8.9900 | 09/01/23 | $ 170,000 | ||
219,000 | Loan ID 201946(a) | Fixed | 9.9900 | 05/01/22 | 219,000 | ||
337,318 | Loan ID 201947 | Fixed | 7.2500 | 12/01/37 | 331,712 | ||
130,890 | Loan ID 201948 | Fixed | 4.2500 | 06/01/34 | 114,061 | ||
154,953 | Loan ID 201950 | Fixed | 6.5000 | 10/01/26 | 149,709 | ||
205,792 | Loan ID 201955 | Fixed | 7.7500 | 03/01/51 | 203,648 | ||
312,749 | Loan ID 201956 | Fixed | 8.2500 | 03/01/51 | 309,020 | ||
402,469 | Loan ID 201957 | Fixed | 8.9900 | 06/01/26 | 418,567 | ||
150,000 | Loan ID 201958 | Fixed | 8.9900 | 05/01/23 | 151,871 | ||
494,747 | Loan ID 201959 | Fixed | 8.9900 | 06/01/31 | 497,089 | ||
85,137 | Loan ID 201963 | Fixed | 10.4900 | 06/01/26 | 88,543 | ||
376,452 | Loan ID 201966 | Fixed | 7.0000 | 01/01/27 | 376,452 | ||
89,206 | Loan ID 201967 | Fixed | 7.0000 | 03/01/43 | 66,777 | ||
246,767 | Loan ID 201968 | Fixed | 6.0000 | 03/01/43 | 231,638 | ||
298,281 | Loan ID 201969 | Fixed | 8.2500 | 04/01/51 | 295,062 | ||
202,974 | Loan ID 201973 | Fixed | 8.9900 | 07/01/31 | 205,921 | ||
168,000 | Loan ID 201974 | Interest Only | 8.0000 | 06/30/24 | 170,139 | ||
79,236 | Loan ID 201976 | Fixed | 9.4900 | 07/01/31 | 81,484 | ||
140,480 | Loan ID 201977 | Fixed | 8.7500 | 06/01/51 | 138,214 | ||
302,696 | Loan ID 201983 | Fixed | 9.9900 | 08/01/26 | 314,804 | ||
160,994 | Loan ID 201984 | Fixed | 8.9900 | 08/01/26 | 167,434 | ||
496,000 | Loan ID 201985 | Interest Only | 9.0000 | 07/31/24 | 494,673 | ||
221,994 | Loan ID 201986 | Interest Only | 7.5000 | 06/30/26 | 221,994 | ||
146,300 | Loan ID 201987 | Interest Only | 7.5000 | 06/30/26 | 153,615 | ||
200,623 | Loan ID 201990 | Fixed | 8.9900 | 08/01/51 | 199,690 | ||
247,683 | Loan ID 201991 | Fixed | 8.9900 | 08/01/31 | 248,000 | ||
152,459 | Loan ID 201993 | Fixed | 8.9900 | 08/01/31 | 155,302 | ||
864,000 | Loan ID 201999 | Interest Only | 7.5000 | 08/31/26 | 898,560 | ||
198,800 | Loan ID 202000 | Interest Only | 7.0000 | 08/31/24 | 80,212 | ||
360,000 | Loan ID 202001 | Interest Only | 7.5000 | 08/31/26 | 377,882 | ||
122,500 | Loan ID 202002 | Interest Only | 7.0000 | 08/31/24 | 121,308 | ||
153,000 | Loan ID 202003 | Interest Only | 7.0000 | 08/31/24 | 49,812 | ||
83,904 | Loan ID 202005 | Fixed | 9.9900 | 09/01/36 | 86,166 | ||
450,098 | Loan ID 202007 | Fixed | 8.9900 | 10/01/26 | 468,102 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
266,300 | Loan ID 202008 | Interest Only | 7.0000 | 09/30/24 | $ 87,111 | ||
385,464 | Loan ID 202011 | Interest Only | 7.0000 | 10/31/24 | 346,386 | ||
133,569 | Loan ID 202012 | Fixed | 9.4900 | 12/01/31 | 136,971 | ||
282,351 | Loan ID 202018 | Fixed | 11.4900 | 12/01/24 | 289,643 | ||
171,539 | Loan ID 202020 | Fixed | 9.9900 | 12/01/26 | 178,401 | ||
4,000,000 | Loan ID 202022 | Fixed | 11.0000 | 01/14/23 | 3,919,999 | ||
98,372 | Loan ID 202023 | Fixed | 8.7500 | 08/01/51 | 97,664 | ||
127,249 | Loan ID 202024 | Fixed | 8.9900 | 01/01/52 | 126,098 | ||
342,618 | Loan ID 202025 | Fixed | 8.5000 | 01/01/52 | 337,304 | ||
236,300 | Loan ID 202026 | Interest Only | 7.5000 | 11/30/26 | 239,077 | ||
319,500 | Loan ID 202027 | Interest Only | 7.0000 | 11/30/24 | 302,196 | ||
129,455 | Loan ID 202028 | Interest Only | 8.0000 | 11/30/24 | 128,054 | ||
140,000 | Loan ID 202031 | Fixed | 9.2500 | 02/01/24 | 139,576 | ||
489,336 | Loan ID 202032 | Fixed | 7.9900 | 02/01/42 | 492,705 | ||
420,108 | Loan ID 202033 | Fixed | 8.9900 | 02/01/27 | 436,912 | ||
240,509 | Loan ID 202036 | Fixed | 8.2500 | 09/01/51 | 233,264 | ||
216,721 | Loan ID 202038 | Fixed | 6.0000 | 02/01/30 | 201,906 | ||
216,721 | Loan ID 202039 | Fixed | 6.0000 | 02/01/30 | 201,906 | ||
216,721 | Loan ID 202040 | Fixed | 6.0000 | 02/01/30 | 201,906 | ||
177,738 | Loan ID 202043 | Fixed | 8.9900 | 02/01/27 | 184,847 | ||
29,798 | Loan ID 202044 | Fixed | 8.9900 | 03/01/25 | 28,652 | ||
56,241 | Loan ID 202045 | Fixed | 9.4900 | 03/01/32 | 56,078 | ||
253,500 | Loan ID 202049 | Interest Only | 7.5000 | 02/28/27 | 258,130 | ||
271,500 | Loan ID 202050 | Interest Only | 7.0000 | 01/31/25 | 261,272 | ||
630,000 | Loan ID 202051 | Interest Only | 8.5000 | 01/31/25 | 610,120 | ||
90,282 | Loan ID 202053 | Fixed | 3.0000 | 05/01/49 | 76,740 | ||
532,500 | Loan ID 202056 | Fixed | 9.9900 | 04/01/24 | 545,688 | ||
60,356 | Loan ID 202057 | Fixed | 11.9900 | 04/01/25 | 60,998 | ||
168,000 | Loan ID 202058 | Fixed | 8.9900 | 04/01/23 | 168,000 | ||
462,014 | Loan ID 202064 | Fixed | 8.9900 | 04/01/27 | 480,494 | ||
103,532 | Loan ID 202065 | Fixed | 8.9900 | 04/01/27 | 107,674 | ||
354,501 | Loan ID 202066 | Fixed | 8.9900 | 04/01/27 | 368,681 | ||
425,000 | Loan ID 202067 | Fixed | 10.5000 | 04/01/24 | 425,000 | ||
287,000 | Loan ID 202068 | Fixed | 8.9900 | 04/01/24 | 293,188 |
VERTICAL CAPITAL INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
December 31, 2022 | |||||||
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
261,463 | Loan ID 202069 | Fixed | 9.9900 | 04/01/27 | $ 271,922 | ||
184,800 | Loan ID 202070 | Fixed | 8.9900 | 04/01/24 | 185,783 | ||
164,500 | Loan ID 202072 | Fixed | 8.9900 | 04/01/23 | 164,500 | ||
1,125,000 | Loan ID 202073 | Interest Only | 7.0000 | 03/30/25 | 1,008,317 | ||
118,853 | Loan ID 202074 | Fixed | 10.9900 | 04/01/32 | 121,563 | ||
175,440 | Loan ID 202075 | Fixed | 9.9900 | 05/01/27 | 182,458 | ||
132,360 | Loan ID 202076 | Fixed | 9.9900 | 04/01/32 | 134,558 | ||
128,675 | Loan ID 202077 | Fixed | 11.9900 | 04/01/24 | 133,190 | ||
77,715 | Loan ID 202078 | Fixed | 9.9900 | 04/01/24 | 80,375 | ||
90,591 | Loan ID 202079 | Fixed | 8.9900 | 04/01/52 | 87,275 | ||
304,384 | Loan ID 202080 | Fixed | 9.9900 | 04/01/27 | 316,560 | ||
3,535,873 | Loan ID 202082 | Fixed | 11.0000 | 04/02/23 | 3,535,873 | ||
450,597 | Loan ID 202084 | Fixed | 9.9900 | 05/01/27 | 468,621 | ||
261,240 | Loan ID 202087 | Fixed | 7.9900 | 05/01/52 | 241,517 | ||
324,000 | Loan ID 202088 | Fixed | 11.5000 | 05/01/24 | 331,491 | ||
1,385,010 | Loan ID 202089 | Fixed | 8.9900 | 05/01/42 | 1,393,348 | ||
126,320 | Loan ID 202090 | Fixed | 8.9900 | 05/01/24 | 124,637 | ||
160,500 | Loan ID 202091 | Fixed | 8.9900 | 05/01/24 | 157,751 | ||
147,000 | Loan ID 202093 | Interest Only | 8.0000 | 03/31/27 | 132,542 | ||
325,500 | Loan ID 202094 | Interest Only | 8.0000 | 04/07/25 | 279,593 | ||
325,500 | Loan ID 202095 | Interest Only | 8.0000 | 04/07/25 | 279,587 | ||
325,500 | Loan ID 202096 | Interest Only | 8.0000 | 04/07/25 | 279,587 | ||
652,000 | Loan ID 202097 | Fixed | 8.9900 | 05/01/24 | 655,915 | ||
298,409 | Loan ID 202098 | Fixed | 7.4900 | 05/01/52 | 268,787 | ||
83,671 | Loan ID 202099 | Fixed | 8.9900 | 05/01/52 | 80,402 | ||
150,000 | Loan ID 202100 | Fixed | 9.5000 | 05/01/24 | 151,456 | ||
278,938 | Loan ID 202101 | Fixed | 8.9900 | 05/01/32 | 280,032 | ||
1,338,839 | Loan ID 202102 | ARM | 5.7500 | 12/01/47 | 1,337,312 | ||
1,271,874 | Loan ID 202103 | ARM | 7.0000 | 11/01/49 | 1,260,929 |
Principal Amount ($) | Loan Type | Coupon Rate (%) | Maturity | Fair Value | |||
LOANS — 99.4% (Continued) | |||||||
MORTGAGE LOANS (PRIVATE) — 99.4% (Continued) | |||||||
$105,869,828 | |||||||
TOTAL LOANS (Cost $105,792,581) | 105,869,828 | ||||||
OTHER INVESTMENTS(b)- 0.4% (Cost $310,632) | 397,717 | ||||||
TOTAL INVESTMENTS - 99.8% (Cost $106,103,213) | $ 106,267,545 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.2% | 179,302 | ||||||
NET ASSETS - 100.0% | $ 106,446,847 | ||||||
ARM | - Adjustable-Rate Mortgage |
DSI | - Daily Simple Interest |
(a) | Loan is in loss mitigation, which means the Fund is restructuring the loan with the delinquent borrower. | |
(b) | Illiquid Securities, non-income producing defaulted securities. |