Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
6.78% -- -- 23.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-- -1.12% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to generate current income. It will invest primarily in the equity and, to a lesser extent, 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.
General
Security Type Unlisted Closed-End Fund
Broad Asset Class Allocation
Broad Category Allocation
Global Peer Group Mixed Asset USD Conservative
Peer Group Income & Preferred Stock Funds
Global Macro Mixed Asset HC Conservative
US Macro Mixed-Assets Target Allocation Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Income & Preferred Stock Funds
Fund Owner Firm Name Flat Rock Global
Broad Asset Class Benchmark Index
^SPXTR 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: --
-- Peer Group Low
-- Peer Group High
1 Year
% Rank: --
-- Peer Group Low
-- Peer Group High
3 Months
% Rank: --
-- Peer Group Low
-- Peer Group High
3 Years
% Rank: --
-- Peer Group Low
-- Peer Group High
6 Months
% Rank: --
-- Peer Group Low
-- Peer Group High
5 Years
% Rank: --
-- Peer Group Low
-- Peer Group High
YTD
% Rank: --
-- Peer Group Low
-- Peer Group High
10 Years
% Rank: --
-- Peer Group Low
-- 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
2018
2019
2020
2021
2022
2023
2024
YTD
--
13.24%
14.50%
24.14%
-2.11%
18.65%
14.91%
-1.27%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
25.02%
17.98%
-3.48%
8.60%
6.01%
15.07%
0.49%
9.59%
10.36%
8.91%
--
3.52%
4.89%
-6.21%
-18.63%
1.99%
5.85%
5.27%
--
--
--
--
--
--
--
12.37%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 16.08%
30-Day SEC Yield (6-30-24) 13.14%
7-Day SEC Yield --
Number of Holdings 61
Bond
Yield to Maturity (6-30-25) 10.00%
Effective Duration --
Average Coupon 9.09%
Calculated Average Quality 5.00
Effective Maturity 9.663
Nominal Maturity 9.663
Number of Bond Holdings 56
As of June 30, 2025

Asset Allocation

As of June 30, 2025.
Type % Net
Cash 0.15%
Stock 0.43%
Bond 104.4%
Convertible 0.00%
Preferred 0.00%
Other -4.97%
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Top 10 Holdings

Name % Weight Price % Change
JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO LTD 242 SUB SEQ VAR 21-JAN-2037
7.65% -- --
WOODMONT TRUST 229 SUB VAR 0% 25-APR-2034
5.57% -- --
IVY HILL MIDDLE MARKET CREDIT FUND, LTD. 20 SUB VAR 20-APR-2035
5.08% -- --
JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO LTD 241 SUB VAR 25-JUL-2036
4.45% -- --
GUGGENHEIM MM CLO LTD. 236 SUB VAR 25-JAN-2036
4.04% -- --
FCO XXVII Warehouse FRN
3.88% -- --
AUDAX SENIOR DEBT CLO 9 SUB VAR 0% 21-APR-2036
3.59% -- --
BARINGS MIDDLE MARKET CLO 23I SUB VAR 0% 22-JAN-2036
3.33% -- --
THL CREDIT LAKE SHORE MM CLO LTD. 5 SUB VAR 16-OCT-2034
3.23% -- --
New Mountain Guardian IV Feeder III Ltd
3.20% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 2.00%
Administration Fee 449.6K%
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 20000.00 None
Minimum Subsequent Investment 1000.00 None

Basic Info

Investment Strategy
The Fund seeks to generate current income. It will invest primarily in the equity and, to a lesser extent, 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.
General
Security Type Unlisted Closed-End Fund
Broad Asset Class Allocation
Broad Category Allocation
Global Peer Group Mixed Asset USD Conservative
Peer Group Income & Preferred Stock Funds
Global Macro Mixed Asset HC Conservative
US Macro Mixed-Assets Target Allocation Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Income & Preferred Stock Funds
Fund Owner Firm Name Flat Rock Global
Broad Asset Class Benchmark Index
^SPXTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 16.08%
30-Day SEC Yield (6-30-24) 13.14%
7-Day SEC Yield --
Number of Holdings 61
Bond
Yield to Maturity (6-30-25) 10.00%
Effective Duration --
Average Coupon 9.09%
Calculated Average Quality 5.00
Effective Maturity 9.663
Nominal Maturity 9.663
Number of Bond Holdings 56
As of June 30, 2025

Fund Details

Key Dates
Inception Date --
Last Annual Report Date 12/31/2024
Last Prospectus Date 4/29/2024
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

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