Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
4.25% -- -- 27.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-- 10.63% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to generate current income and long-term capital appreciation by investing in the junior debt tranches of collateralized loan obligations that own a pool of senior secured loans made to companies whose debt is rated below investment grade or, in limited circumstances, unrated (Senior Secured Loans).
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
--
--
--
--
14.40%
13.76%
10.75%
0.41%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.30%
0.01%
4.59%
-9.51%
12.71%
-1.62%
10.24%
12.14%
10.72%
0.37%
4.26%
2.19%
1.91%
3.74%
8.55%
8.62%
7.46%
0.40%
10.95%
3.06%
8.58%
-8.26%
17.66%
13.70%
12.32%
0.92%
--
5.01%
11.98%
-2.48%
12.32%
11.12%
8.38%
0.52%
As of January 20, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (1-15-26) 8.35%
30-Day SEC Yield (6-30-24) 6.35%
7-Day SEC Yield --
Number of Holdings 59
Bond
Yield to Maturity (9-30-25) 9.76%
Effective Duration --
Average Coupon 12.20%
Calculated Average Quality 5.046
Effective Maturity 10.07
Nominal Maturity 10.07
Number of Bond Holdings 57
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash 2.48%
Stock 0.00%
Bond 101.5%
Convertible 0.00%
Preferred 0.00%
Other -3.94%
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Top 10 Holdings

Name % Weight Price % Change
MONROE CAPITAL MML CLO LTD 16 E FLT 12.10899% 23-JUL-2036
4.51% -- --
First American Government Obligations Fd X 4.44% 1.00 0.00%
GREAT LAKES CLO LTD 151R ER SEQ FLT 11.88215% 16-JAN-2030
4.01% -- --
MARANON LOAN FUNDING LTD 221R ER FLT 11.0061% 15-APR-2037
3.18% -- --
MARANON LOAN FUNDING LTD 213R ER SEQ FLT 12.13755% 15-OCT-2036
3.17% -- --
THL CREDIT LAKE SHORE MM CLO LTD. 5 C FLT 16-OCT-2034
3.06% -- --
THL CREDIT LAKE SHORE MM CLO LTD. 2RR ERR SEQ FLT 12.9724% 17-OCT-2031
2.90% -- --
BRIGHTWOOD CAPITAL MM CLO 191R ER FLT 12.5261% 16-OCT-2034
2.90% -- --
MARANON LOAN FUNDING LTD 231R ER SEQ FLT 15-JUL-2037
2.89% -- --
GUGGENHEIM PRIVATE DEBT FUND NOTE LLC 4 D FLT 10-APR-2038
2.84% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 1.38%
Administration Fee 265.2K%
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 0.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks to generate current income and long-term capital appreciation by investing in the junior debt tranches of collateralized loan obligations that own a pool of senior secured loans made to companies whose debt is rated below investment grade or, in limited circumstances, unrated (Senior Secured Loans).
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) 8.35%
30-Day SEC Yield (6-30-24) 6.35%
7-Day SEC Yield --
Number of Holdings 59
Bond
Yield to Maturity (9-30-25) 9.76%
Effective Duration --
Average Coupon 12.20%
Calculated Average Quality 5.046
Effective Maturity 10.07
Nominal Maturity 10.07
Number of Bond Holdings 57
As of September 30, 2025

Fund Details

Key Dates
Launch Date 1/3/2023
Attributes
Inverse Fund No
Leveraged Fund --
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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