Schedule of Investments | 3 Months Ended |
Mar. 31, 2024 USD ($) |
Corporate Bond Investments | | |
Cost | $ 69,961,000 | |
Percentage of Net Assets | 72.40% | |
Corporate Bond Investments [Member] | Total Non-Controlled/Non-Affiliated Investments [Member] | | |
Corporate Bond Investments | | |
Cost | $ 46,938,055 | [1] |
Principal / Units | $ 47,216,250 | |
Percentage of Net Assets | 65.20% | |
Fair Value | $ 46,888,900 | [2] |
Short-Term Investments [Member] | | |
Corporate Bond Investments | | |
Cost | 17,670,086 | [1] |
Principal / Units | $ 17,850,000 | |
Percentage of Net Assets | 24.60% | |
Fair Value | $ 17,669,619 | [2] |
Short-Term Investments [Member] | United States Treasury Bill [Member] | | |
Corporate Bond Investments | | |
Cost | 5,889,531 | [1],[3] |
Principal / Units | $ 5,975,000 | [3] |
Percentage of Net Assets | 8.20% | [3] |
Fair Value | $ 5,888,753 | [2],[3] |
Interest Rate/Discount Rate | 5.31% | [3] |
LIBOR Floor | | [3] |
Maturity/ Expiration Date | Jul. 11, 2024 | [3] |
Acquisition Date | | [3] |
Spread Above Index | | [3] |
Short-Term Investments [Member] | United States Treasury Bill [Member] | | |
Corporate Bond Investments | | |
Cost | $ 5,893,024 | [1],[3] |
Principal / Units | $ 5,950,000 | [3] |
Percentage of Net Assets | 8.20% | [3] |
Fair Value | $ 5,893,086 | [2],[3] |
Interest Rate/Discount Rate | 5.36% | [3] |
LIBOR Floor | | [3] |
Maturity/ Expiration Date | Jun. 06, 2024 | [3] |
Acquisition Date | | [3] |
Spread Above Index | | [3] |
Airlines [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 3.50% | |
Airlines [Member] | Corporate Bond Investments [Member] | American Airlines/aadvan [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,245,258 | [1] |
Principal / Units | $ 1,256,250 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,247,492 | [2] |
Interest Rate/Discount Rate | 5.50% | |
Maturity/ Expiration Date | Apr. 20, 2026 | |
Acquisition Date | Jan. 23, 2024 | |
Airlines [Member] | Corporate Bond Investments [Member] | United Airlines Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,255,211 | [1] |
Principal / Units | $ 1,300,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,257,414 | [2] |
Interest Rate/Discount Rate | 4.38% | |
Maturity/ Expiration Date | Apr. 15, 2026 | |
Acquisition Date | Jan. 23, 2024 | |
Energy [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 12.20% | |
Energy [Member] | Corporate Bond Investments [Member] | Antero Resources Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,269,587 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.80% | |
Fair Value | $ 1,270,937 | [2] |
Interest Rate/Discount Rate | 8.38% | |
Maturity/ Expiration Date | Jul. 15, 2026 | |
Acquisition Date | Jan. 24, 2024 | |
Energy [Member] | Corporate Bond Investments [Member] | Blue Racer Mid Llc/finan [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,262,737 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,256,986 | [2] |
Interest Rate/Discount Rate | 7.63% | |
Maturity/ Expiration Date | Dec. 15, 2025 | |
Acquisition Date | Mar. 04, 2024 | |
Energy [Member] | Corporate Bond Investments [Member] | Buckeye Partners Lp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,249,830 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,246,101 | [2] |
Interest Rate/Discount Rate | 4.13% | |
Maturity/ Expiration Date | Mar. 01, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Energy [Member] | Corporate Bond Investments [Member] | Eqm Midstream Partners L [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,248,655 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,251,241 | [2] |
Interest Rate/Discount Rate | 6% | |
Maturity/ Expiration Date | Jul. 01, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Energy [Member] | Corporate Bond Investments [Member] | Rockies Express Pipeline [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,265,115 | [1] |
Principal / Units | $ 1,300,000 | |
Percentage of Net Assets | 1.80% | |
Fair Value | $ 1,268,961 | [2] |
Interest Rate/Discount Rate | 3.60% | |
Maturity/ Expiration Date | May 15, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Energy [Member] | Corporate Bond Investments [Member] | Sm Energy Co [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,245,987 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,244,116 | [2] |
Interest Rate/Discount Rate | 5.63% | |
Maturity/ Expiration Date | Jun. 01, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Energy [Member] | Corporate Bond Investments [Member] | Sunoco Lp/finance Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,223,656 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,220,071 | [2] |
Interest Rate/Discount Rate | 6% | |
Maturity/ Expiration Date | Apr. 15, 2027 | |
Acquisition Date | Jan. 23, 2024 | |
Restaurants [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 5.20% | |
Restaurants [Member] | Corporate Bond Investments [Member] | Brinker International In [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,245,513 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,238,141 | [2] |
Interest Rate/Discount Rate | 5% | |
Maturity/ Expiration Date | Oct. 01, 2024 | |
Acquisition Date | Jan. 23, 2024 | |
Restaurants [Member] | Corporate Bond Investments [Member] | Dave & Buster’s Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,238,675 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,234,364 | [2] |
Interest Rate/Discount Rate | 7.63% | |
Maturity/ Expiration Date | Nov. 01, 2025 | |
Acquisition Date | Jan. 24, 2024 | |
Restaurants [Member] | Corporate Bond Investments [Member] | Irb Holding Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,252,441 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,250,029 | [2] |
Interest Rate/Discount Rate | 7% | |
Maturity/ Expiration Date | Jun. 15, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Cable/Satellite TV [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Cable/Satellite TV [Member] | Corporate Bond Investments [Member] | Cco Hldgs Llc/cap Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,231,061 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,213,054 | [2] |
Interest Rate/Discount Rate | 5.13% | |
Maturity/ Expiration Date | May 01, 2027 | |
Acquisition Date | Jan. 30, 2024 | |
Leisure [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 3.40% | |
Leisure [Member] | Corporate Bond Investments [Member] | Carnival Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,214,878 | [1] |
Principal / Units | $ 1,200,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,214,927 | [2] |
Interest Rate/Discount Rate | 7.63% | |
Maturity/ Expiration Date | Mar. 01, 2026 | |
Acquisition Date | Feb. 23, 2024 | |
Leisure [Member] | Corporate Bond Investments [Member] | Life Time Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,264,607 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.80% | |
Fair Value | $ 1,264,788 | [2] |
Interest Rate/Discount Rate | 5.75% | |
Maturity/ Expiration Date | Jan. 15, 2026 | |
Acquisition Date | Feb. 12, 2024 | |
Homebuilders/Real Estate [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 5.80% | |
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Century Communities [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,227,828 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,232,575 | [2] |
Interest Rate/Discount Rate | 6.75% | |
Maturity/ Expiration Date | Jun. 01, 2027 | |
Acquisition Date | Feb. 15, 2024 | |
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Iron Mountain Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,229,520 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,232,237 | [2] |
Interest Rate/Discount Rate | 4.88% | |
Maturity/ Expiration Date | Sep. 15, 2027 | |
Acquisition Date | Jan. 23, 2024 | |
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Ladder Cap Fin Lllp/corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 491,179 | [1] |
Principal / Units | $ 500,000 | |
Percentage of Net Assets | 0.70% | |
Fair Value | $ 491,042 | [2] |
Interest Rate/Discount Rate | 5.25% | |
Maturity/ Expiration Date | Oct. 01, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Service Properties Trust [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,241,377 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,241,152 | [2] |
Interest Rate/Discount Rate | 7.50% | |
Maturity/ Expiration Date | Sep. 15, 2025 | |
Acquisition Date | Feb. 01, 2024 | |
Technology [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 3.40% | |
Technology [Member] | Corporate Bond Investments [Member] | Clarios Global Lp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,225,602 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,226,249 | [2] |
Interest Rate/Discount Rate | 6.75% | |
Maturity/ Expiration Date | May 15, 2025 | |
Acquisition Date | Jan. 24, 2024 | |
Technology [Member] | Corporate Bond Investments [Member] | Gen Digital Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,219,782 | [1] |
Principal / Units | $ 1,200,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,217,161 | [2] |
Interest Rate/Discount Rate | 6.75% | |
Maturity/ Expiration Date | Sep. 30, 2027 | |
Acquisition Date | Jan. 24, 2024 | |
Telecommunications [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Telecommunications [Member] | Corporate Bond Investments [Member] | Cogent Communications Gr [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,230,768 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,219,304 | [2] |
Interest Rate/Discount Rate | 7% | |
Maturity/ Expiration Date | Jun. 15, 2027 | |
Acquisition Date | Jan. 30, 2024 | |
Consumer-Products [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 10.90% | |
Consumer-Products [Member] | Corporate Bond Investments [Member] | Coty Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,232,831 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,231,866 | [2] |
Interest Rate/Discount Rate | 5% | |
Maturity/ Expiration Date | Apr. 15, 2026 | |
Acquisition Date | Jan. 23, 2024 | |
Consumer-Products [Member] | Corporate Bond Investments [Member] | Energizer Holdings Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,247,025 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,243,280 | [2] |
Interest Rate/Discount Rate | 6.50% | |
Maturity/ Expiration Date | Dec. 31, 2027 | |
Acquisition Date | Feb. 02, 2024 | |
Consumer-Products [Member] | Corporate Bond Investments [Member] | PSA Worldwide T/L [Member] | | |
Corporate Bond Investments | | |
Cost | $ 4,857,289 | [1] |
Principal / Units | $ 4,955,696 | |
Percentage of Net Assets | 6.80% | |
Fair Value | $ 4,856,582 | [2] |
Interest Rate/Discount Rate | 12% | |
Maturity/ Expiration Date | Mar. 19, 2029 | |
Acquisition Date | Mar. 19, 2024 | |
Gaming [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 2.40% | |
Gaming [Member] | Corporate Bond Investments [Member] | Caesars Entertain Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,251,741 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,254,747 | [2] |
Interest Rate/Discount Rate | 8.13% | |
Maturity/ Expiration Date | Jul. 01, 2027 | |
Acquisition Date | Jan. 23, 2024 | |
Gaming [Member] | Corporate Bond Investments [Member] | Penn Entertainment Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 479,981 | [1] |
Principal / Units | $ 500,000 | |
Percentage of Net Assets | 0.70% | |
Fair Value | $ 482,502 | [2] |
Interest Rate/Discount Rate | 5.63% | |
Maturity/ Expiration Date | Jan. 15, 2027 | |
Automotive & Auto Parts [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Automotive & Auto Parts [Member] | Corporate Bond Investments [Member] | Ford Motor Credit Co Llc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,238,405 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,238,986 | [2] |
Interest Rate/Discount Rate | 5.13% | |
Maturity/ Expiration Date | Jun. 16, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Diversified Financial Services [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Diversified Financial Services [Member] | Corporate Bond Investments [Member] | Fortress Trans & Infrast [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,250,000 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,248,049 | [2] |
Interest Rate/Discount Rate | 6.50% | |
Maturity/ Expiration Date | Oct. 01, 2025 | |
Acquisition Date | Mar. 22, 2024 | |
Healthcare [Member] | Corporate Bond Investments [Member] | Encompass Health Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,223,730 | [1] |
Principal / Units | $ 1,225,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,221,659 | [2] |
Interest Rate/Discount Rate | 5.75% | |
Maturity/ Expiration Date | Sep. 15, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Entertainment/Film [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Entertainment/Film [Member] | Corporate Bond Investments [Member] | Live Nation Entertainmen [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,249,994 | [1] |
Principal / Units | $ 1,260,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,246,539 | [2] |
Interest Rate/Discount Rate | 5.63% | |
Maturity/ Expiration Date | Mar. 15, 2026 | |
Acquisition Date | Jan. 23, 2024 | |
Containers [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 3.40% | |
Containers [Member] | Corporate Bond Investments [Member] | Mauser Packaging Solut [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,210,907 | [1] |
Principal / Units | $ 1,200,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,222,726 | [2] |
Interest Rate/Discount Rate | 7.88% | |
Maturity/ Expiration Date | Aug. 15, 2026 | |
Acquisition Date | Feb. 07, 2024 | |
Containers [Member] | Corporate Bond Investments [Member] | Owens-brockway [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,248,408 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,250,714 | [2] |
Interest Rate/Discount Rate | 6.63% | |
Maturity/ Expiration Date | May 13, 2027 | |
Acquisition Date | Feb. 07, 2024 | |
Utilities [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.80% | |
Utilities [Member] | Corporate Bond Investments [Member] | Nrg Energy Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,268,748 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.80% | |
Fair Value | $ 1,268,216 | [2] |
Interest Rate/Discount Rate | 3.75% | |
Maturity/ Expiration Date | Jun. 15, 2024 | |
Acquisition Date | Jan. 24, 2024 | |
Chemicals [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 3.40% | |
Chemicals [Member] | Corporate Bond Investments [Member] | Avient Corp [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,248,714 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,244,563 | [2] |
Interest Rate/Discount Rate | 5.75% | |
Maturity/ Expiration Date | May 15, 2025 | |
Acquisition Date | Jan. 23, 2024 | |
Chemicals [Member] | Corporate Bond Investments [Member] | Wr Grace Holding Llc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,245,639 | [1] |
Principal / Units | $ 1,300,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,235,426 | [2] |
Interest Rate/Discount Rate | 4.88% | |
Maturity/ Expiration Date | Jun. 15, 2027 | |
Acquisition Date | Feb. 02, 2024 | |
Building Materials [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Building Materials [Member] | Corporate Bond Investments [Member] | Standard Industries Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,236,981 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,237,810 | [2] |
Interest Rate/Discount Rate | 5% | |
Maturity/ Expiration Date | Feb. 15, 2027 | |
Acquisition Date | Feb. 07, 2024 | |
Aerospace/Defense [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Aerospace/Defense [Member] | Corporate Bond Investments [Member] | Transdigm Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,239,515 | [1] |
Principal / Units | $ 1,275,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,248,477 | [2] |
Interest Rate/Discount Rate | 5.50% | |
Maturity/ Expiration Date | Nov. 15, 2027 | |
Acquisition Date | Feb. 15, 2024 | |
Broadcasting [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Broadcasting [Member] | Corporate Bond Investments [Member] | Univision Communications [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,232,072 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,223,720 | [2] |
Interest Rate/Discount Rate | 6.63% | |
Maturity/ Expiration Date | Jun. 01, 2027 | |
Acquisition Date | Feb. 07, 2024 | |
Services [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 1.70% | |
Services [Member] | Corporate Bond Investments [Member] | Wesco Distribution Inc [Member] | | |
Corporate Bond Investments | | |
Cost | $ 1,254,097 | [1] |
Principal / Units | $ 1,250,000 | |
Percentage of Net Assets | 1.70% | |
Fair Value | $ 1,251,278 | [2] |
Interest Rate/Discount Rate | 7.13% | |
Maturity/ Expiration Date | Jun. 15, 2025 | |
Acquisition Date | Jan. 24, 2024 | |
Total Non-Controlled/Non-Affiliated Investments [Member] | | |
Corporate Bond Investments | | |
Cost | $ 69,961,000 | [1] |
Percentage of Net Assets | 97.30% | |
Fair Value | $ 69,910,671 | [2] |
Total Non-Controlled/Non-Affiliated Investments [Member] | Senior Secured Loan Debt Investments [Member] | | |
Corporate Bond Investments | | |
Cost | 4,857,289 | [1] |
Principal / Units | $ 4,955,696 | |
Percentage of Net Assets | 6.80% | |
Fair Value | $ 4,856,582 | [2] |
Total Non-Controlled/Non-Affiliated Investments [Member] | Equity Investments - Preferred Stock [Member] | | |
Corporate Bond Investments | | |
Cost | 495,570 | [1] |
Principal / Units | $ 495,570 | |
Percentage of Net Assets | 0.70% | |
Fair Value | $ 495,570 | [2] |
PSA Holdings, LLC [Member] | Equity Investments - Preferred Stock [Member] | MPC Consolidation Preferred Stock - Class A [Member] | | |
Corporate Bond Investments | | |
Cost | 495,570 | [1] |
Principal / Units | $ 495,570 | |
Percentage of Net Assets | 0.70% | |
Fair Value | $ 495,570 | [2] |
LIBOR Floor | | |
Acquisition Date | | |
Spread Above Index | | |
Non-Controlled/Non-Affiliated Investments [Member] | | |
Corporate Bond Investments | | |
Cost | $ 495,570 | [1] |
Percentage of Net Assets | 0.70% | |
Fair Value | $ 495,570 | [2] |
Short-Term Investments [Member] | United States Treasury Bill [Member] | | |
Corporate Bond Investments | | |
Cost | 5,887,531 | [1],[3] |
Principal / Units | $ 5,925,000 | [3] |
Percentage of Net Assets | 8.20% | [3] |
Fair Value | $ 5,887,780 | [2],[3] |
Interest Rate/Discount Rate | 5.38% | [3] |
LIBOR Floor | | [3] |
Maturity/ Expiration Date | May 14, 2024 | [3] |
Acquisition Date | Jan. 25, 2024 | [3] |
Spread Above Index | N/A | [3] |
Affiliated Investments [Member] | | |
Corporate Bond Investments | | |
Cost | | [1] |
Percentage of Net Assets | 0% | |
Fair Value | | [2] |
Investments [Member] | | |
Corporate Bond Investments | | |
Cost | $ 69,961,000 | [1] |
Percentage of Net Assets | 97.30% | |
Fair Value | $ 69,910,671 | [2] |
Liabilities in Excess of Other Assets [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 2.70% | |
Fair Value | $ 2,028,320 | [2] |
Net assets [Member] | | |
Corporate Bond Investments | | |
Percentage of Net Assets | 100% | |
Fair Value | $ 71,938,991 | [2] |
|
[1] The amortized cost represents the original cost adjusted for the accretion of discounts and amortization of premiums, as applicable, on debt investments using the effective interest method. Unless otherwise noted, significant unobservable inputs were used to determine fair value, and investments are considered Level 3 securities (Note 5). Represents securities categorized as Level 2 assets under the definition of ASC 820 fair value hierarchy (Note 5). |