Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
6.36% -- -- 68.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-- 5.48% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks preservation of capital while generating current income from its debt investments and seeking to maximize the portfolios total return. The Fund normally invests in a portfolio composed primarily of senior secured loans of U.S. middle-market companies (Senior Loans) and investment vehicles.
General
Security Type Unlisted Closed-End Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name Flat Rock Global
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-1.123B Peer Group Low
637.54M Peer Group High
1 Year
% Rank: --
-2.812B Peer Group Low
6.547B Peer Group High
3 Months
% Rank: --
-1.887B Peer Group Low
1.547B Peer Group High
3 Years
% Rank: --
-3.547B Peer Group Low
20.24B Peer Group High
6 Months
% Rank: --
-852.81M Peer Group Low
2.568B Peer Group High
5 Years
% Rank: --
-2.363B Peer Group Low
22.02B Peer Group High
YTD
% Rank: --
36.88M Peer Group Low
63.96M Peer Group High
10 Years
% Rank: --
-12.19B Peer Group Low
22.50B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2019
2020
2021
2022
2023
2024
2025
YTD
--
--
9.15%
2.84%
12.49%
10.70%
5.57%
0.30%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.30%
0.01%
7.55%
-5.63%
6.43%
-8.17%
12.94%
7.72%
7.40%
0.37%
5.09%
6.55%
1.20%
-3.69%
2.96%
4.89%
5.17%
0.21%
--
--
--
--
8.66%
13.74%
6.42%
0.60%
9.52%
2.77%
8.21%
-1.84%
13.50%
9.91%
7.35%
-0.03%
As of January 18, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (1-15-26) 9.12%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 83
Bond
Yield to Maturity (9-30-25) 9.54%
Effective Duration --
Average Coupon 11.75%
Calculated Average Quality 5.020
Effective Maturity 5.972
Nominal Maturity 5.972
Number of Bond Holdings 76
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash 1.71%
Stock 4.24%
Bond 112.9%
Convertible 0.00%
Preferred 0.00%
Other -18.90%
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Top 10 Holdings

Name % Weight Price % Change
Hercules Private Global Venture Growth Fund I LP
5.79% -- --
Triplepoint Private Venture Credit Inc ORD
4.24% -- --
BCP Great Lakes Fund LP
3.19% -- --
FORTRESS CREDIT OPPORTUNITIES CLO LIMITED 21R ER SEQ FLT 11.51947% 21-JAN-2037
3.18% -- --
BRIGHTWOOD CAPITAL MM CLO 231 D FLT 10.36454% 15-OCT-2035
2.94% -- --
Vehicle Management Services LLC FRN 26-Jul-2027
2.62% -- --
Amerit Fleet Parent LLC FRN 27-Jan-2032
2.48% -- --
Xenon Arc Inc FRN 20-Dec-2028
2.48% -- --
PTSH Intermediate Holdings LLC FRN 17-Dec-2027
2.47% -- --
FORTRESS CREDIT OPPORTUNITIES CLO LIMITED 19R ER FLT 15-OCT-2036
2.40% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 1.87%
Administration Fee 344.7K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 1000.00 None
Minimum Subsequent Investment 1000.00 None

Basic Info

Investment Strategy
The Fund seeks preservation of capital while generating current income from its debt investments and seeking to maximize the portfolios total return. The Fund normally invests in a portfolio composed primarily of senior secured loans of U.S. middle-market companies (Senior Loans) and investment vehicles.
General
Security Type Unlisted Closed-End Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name Flat Rock Global
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (1-15-26) 9.12%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 83
Bond
Yield to Maturity (9-30-25) 9.54%
Effective Duration --
Average Coupon 11.75%
Calculated Average Quality 5.020
Effective Maturity 5.972
Nominal Maturity 5.972
Number of Bond Holdings 76
As of September 30, 2025

Fund Details

Key Dates
Launch Date 11/23/2020
Attributes
Inverse Fund No
Leveraged Fund Yes
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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