FINANCIAL HIGHLIGHTS

6 Months Ended

Jun. 30, 2023

Investment Company [Abstract]

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS

U.S. GAAP requires disclosure of financial highlights of the Fund for the three and six months ended June 30, 2023 and 2022.

The total rate of return is defined as the return based on the change in value during the period of a theoretical investment made at the beginning of the period. The total rate of return assumes a constant rate of return for the Fund during the period reported and weights each cash flow by the amount of time held in the Fund. This required methodology differs from an internal rate of return.

The ratios of expenses and net investment income to average net assets, calculated below, are annualized and are computed based upon the aggregate weighted-average net assets of the Fund for the periods presented. Net investment income is inclusive of all investment income, net of expenses and excludes realized or unrealized gains and losses.

Beginning and ending net asset values per share are based on the beginning and ending number of shares outstanding. Other per share information is calculated based upon the aggregate weighted-average net assets of the Fund for the periods presented.

The following per share data and ratios have been derived from the information provided in the financial statements:

	For the Three Months Ended						For the Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Total return **	1.70		%	6.56		%	3.80		%	15.35		%
Per share amounts:
Net asset value, beginning of period	$	407.74		$	686.60		$	399.94		$	653.91
Net investment income	4.45			34.94			14.19			70.68
Net realized and change in unrealized gain (loss) from loans and derivative instruments	0.75			3.80			(0.70)			21.98
Net increase in net assets resulting from operations	5.20			38.74			13.49			92.66
Distributions of income to shareholder	(7.15)			(33.16)			(7.64)			(54.39)
Return of capital to shareholder	(115.17)			(132.52)			(115.17)			(132.52)
Net asset value, end of period	$	290.62		$	559.66		$	290.62		$	559.66
Net assets, end of period	$	29,062,241		$	55,966,376		$	29,062,241		$	55,966,376
Ratios to average net assets:
Expenses*	3.34		%	6.40		%	4.02		%	8.18		%
Net investment income*	5.67		%	23.04		%	7.96		%	22.43		%
Portfolio turn-over rate	—		%	—		%	—		%	—		%
Average debt outstanding	$	—		$	20,125,000		$	—		$	29,071,429
*Annualized
**Total return amounts presented above are not annualized