XML 21 R9.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Schedule of Investments
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Investment Holdings [Text Block]

Consolidated Schedule of Investments

 

DECEMBER 31, 2024

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION
DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

EQX CAPITAL, INC.

                    

(2.8%)
Equipment Leasing

Common Stock *(1)(2)(4)

     

6/10/2016

  100,000  $20,000  $0 
 

Preferred Stock - Series A *(1)(2)(4)

      

6/10/2016-11/7/2016

  1,930,000   1,930,000   29,466 
                   29,466 
                     

INTRAOP MEDICAL CORP.

                    

(2.4%)
Medical Devices

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

10/11/2019

  500,000   500,000   454 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

10/22/2021

  1,000,000   1,000,000   909 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

10/29/2019

  500,000   500,000   454 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

10/6/2021

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

11/12/2021

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

11/29/2021

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

12/31/2018

  10,961,129   10,961,129   9,966 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

2/27/2020

  1,000,000   1,000,000   909 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

2/28/2022

  200,000   200,000   182 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

3/25/2020

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

3/30/2022

  150,000   150,000   136 

 

See accompanying notes to financial statements

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

MATURITY DATE 

INTEREST 

RATE

  

ACQUISITION
DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

INTRAOP MEDICAL CORP. (continued)

                    
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

3/8/2020

  400,000  $400,000  $364 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

4/20/2021

  1,000,000   1,000,000   909 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

4/6/2022

  350,000   350,000   318 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

6/10/2021

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

6/10/2022

  700,000   700,000   636 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

7/12/2019

  1,300,000   1,300,000   1,182 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

7/16/2021

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

7/31/2020

  500,000   500,000   455 
 

Convertible Note (1)(2)(4)(6)

12/31/2025     

8/28/2020

  750,000   750,000   682 
 

Convertible Note (1)(2)(4)(6)

12/31/2025  15% 

9/22/2021

  500,000   500,000   455 
 Preferred Stock - Series C *(1)(2)(4)      

7/12/2013

  26,856,187   26,299,939   0 
 

Term Note (1)(2)(4)(6)

12/31/2025  8% 

2/10/2017

  2,000,000   2,000,000   1,818 
 Term Note (1)(2)(4)(6)12/31/2025  8% 

2/28/2014

  3,000,000   3,000,000   2,728 
                   25,287 

 

See accompanying notes to financial statements

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION
DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

LYNCEAN TECHNOLOGIES, INC.
(0.0%)
Semiconductor Equipment

Preferred Stock - Series B *(1)(4)

      

7/3/2018

  869,792  $1,000,000  $0 
                     

REVASUM, INC.
(0.0%)
Semiconductor Equipment

CDIs *(2)(4)

      

11/14/2016-10/3/2022

  39,774,889   9,268,218   0 
                     

UCT COATINGS, INC.
(24.5%)
Advanced Materials

Common Stock *(1)(3)(4)

      

4/18/2011

  1,500,000   662,235   260,497 
                     

WRIGHTSPEED, INC.

                    

(0.0%)
Automotive

Common Stock *(1)(2)(4)

      

6/7/2019

  69,102   7,460,851   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

1/10/2023

  100,000   100,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

10/20/2021

  1,000,000   1,000,000   0 
 

Convertible Note(1)(2)(4)(6)

6/30/2025  12% 

10/21/2022

  135,000   135,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

10/23/2020

  1,050,000   1,050,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

10/5/2021

  700,000   700,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

11/11/2020

  400,000   400,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

11/14/2022

  165,000   165,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

11/23/2021

  1,000,000   1,000,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

11/24/2020

  375,000   375,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2025  12% 

12/23/2020

  2,000,000   2,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2025  12% 12/11/2020  400,000   400,000   0 

 

See accompanying notes to financial statements

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION
DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

WRIGHTSPEED, INC. (continued)

                    
                     
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

12/28/2021

  1,000,000  $1,000,000  $0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

12/9/2022

  125,000   125,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

2/23/2021

  1,400,000   1,400,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

2/23/2022

  200,000   200,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

3/11/2022

  185,000   185,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

4/12/2021

  1,200,000   1,200,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

4/14/2022

  65,000   65,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

5/10/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

5/18/2021

  1,000,000   1,000,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

5/26/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

6/10/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

6/22/2021

  1,000,000   1,000,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

6/28/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

6/7/2019

  4,929,015   4,929,015   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

7/13/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

7/26/2021

  1,000,000   1,000,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

7/28/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

8/12/2020

  750,000   750,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

8/12/2022

  250,000   250,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

8/19/2021

  1,000,000   1,000,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

9/10/2022

  900,000   900,000   0 

 

See accompanying notes to financial statements

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF
INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION
DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

WRIGHTSPEED, INC. (continued)

                    
 

Convertible Note (1)(2)(4)(6)

6/30/2025  12% 

9/22/2021

  300,000  $300,000  $0 
 

Preferred Stock - Series AA *(1)(2)(4)

      

6/7/2019-7/20/2020

  60,733,693   17,355,887   0 
                   0 
                     

INVESTMENT COMPANY
(70.3%)

Fidelity Investments Money Market Treasury Portfolio - Class I (5)

      

Various

  745,224   745,224   745,224 
                     
TOTAL INVESTMENTS
(Cost $116,682,498)
— 100.0%		                  1,060,474 
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.0%                  205 
NET ASSETS — 100.0%                 $1,060,679 

 

All investments except the Fidelity Investments Money Market Portfolio are considered qualifying investments.

 

CDI:

CHESS Depositary Interests.

 

*

Non-income producing security.

(1)

Restricted security. Fair Value is determined by or under the direction of the Company’s Board of Directors (see Note 3). At December 31, 2024, we held $315,250 (or 29.7% of net assets) in restricted securities (see Note 2).

(2)

Controlled investments.

(3)

Affiliated issuer.

(4)

Fair Value Level 3 security (29.7% of net assets).

(5)

The Fidelity Investments Money Market Treasury Portfolio invests primarily in U.S. Treasury securities.

(6)

Security whose interest accrues until maturity however, based on December 31, 2024 valuation no such interest accrued during period ended December 31, 2024.

 

See accompanying notes to financial statements

 

Firsthand Technology Value Fund, Inc.

 

Consolidated Schedule of Investments

 

DECEMBER 31, 2023

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION

DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

EQX CAPITAL, INC.(8.8%) Equipment Leasing

Common Stock *(1)(2)(4)

      6/10/2016  100,000  $20,000  $55 
 

Preferred Stock - Series A *(1)(2)(4)

      6/10/16-11/7/16  1,950,000   1,950,000   110,172 
                   110,227 
                     

HERA SYSTEMS, INC. (333.2%) Aerospace

Note (1)(2)(4)(6)

12/31/2024  10% 12/29/2022  5,359,791   5,359,791   3,431,683 
 

Convertible Note (1)(2)(4)

12/31/2024  10% 12/29/2022  1,200,000   1,200,000   768,317 
 

Preferred Stock - Series A *(1)(2)(4)

      9/18/2015  3,642,324   2,000,000   0 
 

Preferred Stock - Series B *(1)(2)(4)

      8/7/17-2/1/19  7,039,203   6,587,102   0 
 

Preferred Stock - Series C *(1)(2)(4)

      8/7/19-2/12/20  2,650,000   2,650,000   0 
 

Preferred Stock Warrants - Series B *(1)(2)(4)

      7/9/18-9/4/18  12,250,000   0   0 
 

Preferred Stock Warrants - Series B *(1)(2)(4)

      2/1/2019  5,250,000   0   0 
 

Preferred Stock Warrants - Series B *(1)(2)(4)

      8/7/2017  6,214,922   0   0 
 

Preferred Stock Warrants - Series B *(1)(2)(4)

      9/28/2017  700,000   0   0 
                   4,200,000 
                     

INTRAOP MEDICAL CORP. (7.0%) Medical Devices

Convertible Note(1)(2)(4)(6)

12/31/2024  15% 10/11/2019  500,000   500,000   1,577 
 

Convertible Note (1)(2)(4)(6)

12/31/2024  15% 10/22/2021  1,000,000   1,000,000   3,154 
 

Convertible Note (1)(2)(4)(6)

12/31/2024  15% 10/29/2019  500,000   500,000   1,577 
 

Convertible Note (1)(2)(4)(6)

12/31/2024  15% 10/6/2021  500,000   500,000   1,577 

  

See accompanying notes to financial statements

 

Firsthand Technology Value Fund, Inc.

 

Consolidated Schedule of Investments

 

DECEMBER 31, 2023

 

PORTFOLIO

COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF INVESTMENT

MATURITY 

DATE

 

INTEREST

RATE

  

ACQUISITION

DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

INTRAOP MEDICAL CORP. (continued)

Convertible Note (1)(2)(4)(6)

12/31/2024  15% 11/12/2021  500,000  $500,000  $1,577 
 

Convertible Note (1)(2)(4)(6)

12/31/2024  15% 11/29/2021  500,000   500,000   1,577 
 

Convertible Note (1)(2)(4)(6)

12/31/2024  15% 12/31/2018  10,961,129   10,961,129   34,570 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 2/27/2020  1,000,000   1,000,000   3,154 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 2/28/2022  200,000   200,000   631 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 

3/25/2020

  500,000   500,000   1,577 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 3/30/2022  150,000   150,000   473 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 

4/20/2021

  1,000,000   1,000,000   3,154 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 4/6/2022  350,000   350,000   1,104 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 5/8/2020  400,000   400,000   1,261 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 

6/10/2021

  500,000   500,000   1,577 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 6/10/2022  700,000   700,000   2,208 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 

7/12/2019

  1,300,000   1,300,000   4,100 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 7/16/2021  500,000   500,000   1,577 

 

See accompanying notes to financial statements

 

Firsthand Technology Value Fund, Inc.

 

Consolidated Schedule of Investments

 

DECEMBER 31, 2023

 

PORTFOLIO

COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF INVESTMENT

MATURITY 

DATE

 

INTEREST

RATE

  

ACQUISITION

DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

INTRAOP MEDICAL CORP. (continued)

Convertible Note (1)(2)(4)(6)12/31/2024  15% 7/31/2020  500,000  $500,000  $1,577 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 8/28/2020  750,000   750,000   2,365 
 Convertible Note (1)(2)(4)(6)12/31/2024  15% 

9/22/2021

  500,000   500,000   1,577 
 

Preferred Stock - Series C *(1)(2)(4)

     

7/12/2013

  26,856,187   26,299,939   0 
 

Term Note (1)(2)(4)(6)

12/31/2024  8% 

2/10/2017

  2,000,000   2,000,000   6,308 
 

Term Note (1)(2)(4)(6)

12/31/2024  8% 

2/28/2014

  3,000,000   3,000,000   9,461 
                   87,713 
                     

KYMA, INC. (7.9%) Advanced Materials

Convertible Note (1)(4)

3/31/2024  10% 

3/11/2019

  100,000   100,000   100,000 
                     

LYNCEAN TECHNOLOGIES, INC. (0.0%)

Preferred Stock - Series B *(1)(4)

     

7/3/2018

  869,792   1,000,000   0 

Semiconductor Equipment

                   
                     

REVASUM, INC. (306.5%)

CDIs *(2)

      

11/14/16-10/3/22

 

 

  39,774,889   9,268,218   3,862,405 
Semiconductor Equipment                   
                     
UCT COATINGS, INC. (23.8%)Common Stock *(1)(3)(4)      4/18/2011  1,500,000   662,235   299,932 
Advanced Materials                   

 

See accompanying notes to financial statements

 

Firsthand Technology Value Fund, Inc.

 

Consolidated Schedule of Investments

 

DECEMBER 31, 2023

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION

DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

WRIGHTSPEED, INC. (0.0%) Automotive

Common Stock *(1)(2)

      6/7/2019  69,102  $7,460,851  $0 
 

Convertible Note (1)(2)(4)(6)

6/30/2024  12% 

1/10/2023

  100,000   100,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2024  12% 10/13/2020  1,050,000   1,050,000   0 
 

Convertible Note (1)(2)(4)(6)

6/30/2024  12% 10/20/2021  1,000,000   1,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 10/21/2022  135,000   135,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 10/5/2021  700,000   700,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 11/11/2020  400,000   400,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 11/14/2022  165,000   165,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 11/23/2021  1,000,000   1,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 11/24/2020  375,000   375,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 12/11/2020  400,000   400,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 12/23/2020  2,000,000   2,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 12/28/2021  1,000,000   1,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 12/9/2022  125,000   125,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 2/23/2021  1,400,000   1,400,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 2/23/2022  200,000   200,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 3/11/2022  185,000   185,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 4/12/2021  1,200,000   1,200,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 4/14/2022  65,000   65,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 5/10/2022  250,000   250,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 5/18/2021  1,000,000   1,000,000   0 

 

See accompanying notes to financial statements

 

Firsthand Technology Value Fund, Inc.

 

Consolidated Schedule of Investments

 

DECEMBER 31, 2023

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF INVESTMENT

MATURITY DATE 

INTEREST

RATE

  

ACQUISITION

DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

WRIGHTSPEED, INC. (CONTINUED)

Convertible Note (1)(2)(4)(6)6/30/2024  12% 5/26/2022  250,000  $250,000  $0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 6/10/2022  250,000   250,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 6/22/2021  1,000,000   1,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 6/28/2022  250,000   250,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

6/7/2019

  4,929,015   4,929,015   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

7/13/2022

  250,000   250,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

7/26/2021

  1,000,000   1,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

7/28/2022

  250,000   250,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 8/12/2020  750,000   750,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

8/12/2022

  250,000   250,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

8/19/2021

  1,000,000   1,000,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 9/10/2022  900,000   900,000   0 
 Convertible Note (1)(2)(4)(6)6/30/2024  12% 

9/22/2021

  300,000   300,000   0 
 Convertible Note (1)(2)(4)(6)12/31/2024  18% 

8/25/2023

  40,000   40,000   0 
 Preferred Stock - Series AA *(1)(2)(4)      6/7/19-7/20/20  60,733,693   17,355,887   0 
                   0 

 

See accompanying notes to financial statements

 

PORTFOLIO
COMPANY
(% OF NET
ASSETS)
AND INDUSTRY

TYPE OF INVESTMENT

 

ACQUISITION

DATE

 

SHARES/PAR
VALUE ($)

  

COST BASIS

  

VALUE

 

INVESTMENT COMPANY (5.8%)

Fidelity Investments Money Market Treasury Portfolio - Class 1 (5)

 

Various

  73,502  $73,502  $73,502 
                
TOTAL INVESTMENTS (Cost $133,967,669) — 693.0%             8,733,779 
                
LIABILITIES IN EXCESS OF OTHER ASSETS — (593.0)%             (7,473,408)
                

NET ASSETS — 100.0%

         $1,260,371 

 

All investments except the Fidelity Investments Money Market Portfolio are considered qualifying investments.

 

CDI:CHESS Depositary Interests

* 

Non-income producing security.

(1)

Restricted security. Fair Value is determined by or under the direction of the Company’s Board of Directors (see Note 3). At December 31, 2023, we held $4,797,872 (or 380.7% of net assets) in restricted securities (see Note 2).

(2)

Controlled investments.

(3)

Affiliated issuer.

(4)

Fair Value Level 3 security. (380.7% of net assets).

(5)

The Fidelity Investments Money Market Treasury Portfolio invests primarily in U.S. Treasury securities.

(6)

Security whose interest accrues until maturity however, based on December 31, 2023 valuation no such interest accrued during year ended December 31, 2023.

 

See accompanying notes to financial statements