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As filed with the Securities and Exchange Commission on September 30, 2033

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

THIS DOCUMENT IS A TECHNICAL ILLUSTRATION OF HOW CERTAIN DISCLOSURES IN SEC FILINGS ARE TO BE TAGGED. IT DOES NOT INDICATE WHICH PARTICULAR DISCLOSURES MUST BE INCLUDED AND/OR TAGGED IN COMMISSION FILINGS, AND IT DOES NOT CONSTITUTE LEGAL GUIDANCE OF ANY SORT.

FORM N-2

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ☒

Pre-Effective Amendment No.

Post-Effective Amendment No.

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 ☒

OSD Test Company

(Exact Name of Registrant as Specified in Charter)

100 F St. NE

Washington , DC 20549

(Address of Principal Executive Office)

Registrant’s Telephone Number, including Area Code: (202) 551-2000

Michael Williston

OSD Capital Management, LLC

100 F St. NE

Washington , DC 20549

(Name and Address of Agent for Service)

APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:

As soon as practicable after the effective date of this Registration Statement.

☐ |  | Check box if the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans.
☒ |  | Check box if any securities being registered on this Form will be offered on a delayed or continuous basis in reliance on Rule 415 under the Securities Act of 1933 (“Securities Act”), other than securities offered in connection with a dividend reinvestment plan.
☒ |  | Check box if this Form is a registration statement pursuant to General Instruction A.2 or a post-effective amendment thereto.
☐ |  | Check box if this Form is a registration statement pursuant to General Instruction B or a post-effective amendment thereto that will become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act.
☐ |  | Check box if this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction B to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act.

It is proposed that this filing will become effective (check appropriate box):

☐ |  | when declared effective pursuant to Section 8(c), or as follows:

If appropriate, check the following box:

☐ |  | This post-effective amendment designates a new effective date for a previously filed post-effective amendment.
☐ |  | This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is:
☐ |  | This Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is:
☐ |  | This Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, and the Securities Act registration statement number of the earlier effective registration statement for the same offering is:

Check each box that appropriately characterizes the Registrant:

☒ |  | Registered Closed-End Fund (closed-end company that is registered under the Investment Company Act of 1940 (“Investment Company Act”)).
☐ |  | Business Development Company (closed-end company that intends or has elected to be regulated as a business development company under the Investment Company Act).
☐ |  | Interval Fund (Registered Closed-End Fund or a Business Development Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act).
☒ |  | A.2 Qualified (qualified to register securities pursuant to General Instruction A.2 of this Form).
☐ |  | Well-Known Seasoned Issuer (as defined by Rule 405 under the Securities Act).
☐ |  | Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 (“Exchange Act”).
☐ |  | If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act.
☐ |  | New Registrant (registered or regulated under the Investment Company Act for less than 12 calendar months preceding this filing).

XBRL Wakanda Fund

Prospectus

September 30, 2033

This Prospectus provides important information about the XBRL Wakanda Fund that you should know before investing. Please read it carefully and keep it for future reference.

Common Shares of the XBRL Wakanda Fund are listed and traded on the Exchange under the ticker symbol “XWAK”.

Item 8: General Description of the Registrant

Item 8. […]

The Fund’s Investment Strategy: The Fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by companies that derive revenues from sales of XBRL-related products in Wakanda. The Fund's 80% Policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.

Definition of Terms in Fund name: The Fund defines “XBRL” as eXtensible Business Reporting Language, the data standard for capturing and communicating business reporting and other information in a machine-readable manner. XBRL International is the organization that develops and maintains XBRL data standards and specifications.The Fund defines “Wakanda” as the Kingdom of Wakanda, having the ISO 3166-1 alpha-3 country code of WKD. The term Wakanda is determined by the National Council of Wakanda and is subject to change based on applicable local laws and regulations.

Investment selection criteria: The Fund invests primarily in companies that derive the majority of their gross revenues from sales of XBRL-related products each fiscal year and companies that derive the majority of their revenues from gross sales of products in Wakanda each fiscal year.