Financial Highlights

12 Months Ended

Dec. 31, 2025

The following is a schedule of financial highlights of the Company for the year ended December 31, 2025 and the period from the Company's commencement of operations to December 31, 2024:


	For the Year Ended December 31, 2025			For the Period from April 19, 2024 (Commencement of Investment Operations) to December 31, 2024
Common Shares
Per Share Operating Performance(1)
Net asset value, beginning of period	$	1,036.06		$	1,000.00
Income from investment operations:
Net investment income	128.76			105.18
Net realized and unrealized gains (losses)	(2.16)			37.53
Total investment from operations	126.60			142.71

Distributions from:
Net investment income	(130.90)			(104.97)
Capital gains	(0.23)			(1.68)
Total distributions	(131.13)			(106.65)
Net asset value, end of period	$	1,031.53		$	1,036.06
Total return(2)	12.22		%	14.27		%

Ratio to average net assets
Expenses, before waiver	8.06		%	10.61% (3)
Expenses, after waiver	6.81		%	9.33% (3)
Net investment income, before waiver	10.56		%	12.01% (3)
Net investment income, after waiver	11.81		%	13.29% (3)
Supplemental data
Net asset value, end of period	$	708,152		$	386,818
Portfolio turnover rate(2)	21.83		%	7.33		%

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(1)Per share calculations were performed using the average shares outstanding for the period.

(2)Total return and portfolio turnover rate are for the period indicated and have not been annualized. Total return assumes a purchase of common shares at the net asset value on the first day and a sale at the net asset value on the last day of each period reported on the table. Total return assumes reinvestment of distributions.

(3)Annualized.