Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSDL	MORGAN STANLEY DIRECT LENDIN	838,899 (+9.3%)	$12.68M (+18.3%)	4.3%	$17.25	—	COM SHS	61774A103
ARCC	ARES CAPITAL CORP	2,250,333 (+1.3%)	$41.7M (+4.2%)	14.2%	$15.37	—	COM	04010L103
GBDC	GOLUB CAP BDC INC	2,055,071 (+3.5%)	$26.47M (+5.3%)	9.0%	$11.96	—	COM	38173M102
GSBD	GOLDMAN SACHS BDC INC	853,942 (+6.5%)	$8.095M (+13.7%)	2.8%	$15.18	—	SHS	38147U107
FDUS	FIDUS INVT CORP	368,298 (+5.7%)	$7.023M (+15.8%)	2.4%	$16.91	—	COM	316500107
CSWC	CAPITAL SOUTHWEST CORP	435,909 (+2.3%)	$10.36M (+9.9%)	3.5%	$19.47	—	COM	140501107
TSLX	SIXTH STREET SPECIALTY LENDI	1,075,226 (+2.7%)	$18.46M (-4.1%)	6.3%	$20.47	—	COM	83012A109
BCSF	BAIN CAP SPECIALTY FIN INC	846,759 (+5.7%)	$10.6M (+6.7%)	3.6%	$12.06	—	COM STK	05684B107
MFIC	MIDCAP FINANCIAL INVSTMNT CO	744,421 (+3.9%)	$7.504M (-6.8%)	2.6%	$10.38	—	COM NEW	03761U502
BBDC	BARINGS BDC INC	714,955 (+2.1%)	$6.091M (+5.7%)	2.1%	$7.91	—	COM	06759L103
CCAP	CRESCENT CAP BDC INC	155,186 (+1.2%)	$1.695M (-9.0%)	0.6%	$13.73	—	COM	225655109
MAIN	MAIN STR CAP CORP	495,923 (+2.3%)	$25.73M (+0.2%)	8.8%	$49.57	—	COM	56035L104

Decreased Positions (4)

OBDC BLUE OWL CAPITAL CORPORATION 9.1%

Value $26.56M (-2.7%) Shares 2,443,648 (-1.0%) Est. Cost $11.75 Unrealized —

FSK FS KKR CAP CORP 3.0%

Value $8.895M (+2.1%) Shares 847,104 (-1.0%) Est. Cost $11.98 Unrealized —

EQIX EQUINIX INC 0.1%

Value $210K (-14.8%) Shares 201 (-19.9%) Est. Cost $642.08 Unrealized —

PLD PROLOGIS INC. 0.1%

Value $164K (-10.1%) Shares 1,213 (-12.3%) Est. Cost $106.82 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OBDC	BLUE OWL CAPITAL CORPORATION	2,443,648 (-1.0%)	$26.56M (-2.7%)	9.1%	$11.75	—	COM	69121K104
FSK	FS KKR CAP CORP	847,104 (-1.0%)	$8.895M (+2.1%)	3.0%	$11.98	—	COM	302635206
EQIX	EQUINIX INC	201 (-19.9%)	$210K (-14.8%)	0.1%	$642.08	—	COM	29444U700
PLD	PROLOGIS INC.	1,213 (-12.3%)	$164K (-10.1%)	0.1%	$106.82	—	COM	74340W103

Unchanged Positions (22)

HTGC HERCULES CAPITAL INC 7.3%

Value $21.4M Shares 1,357,013 Est. Cost $17.12 Unrealized —

SLRC SLR INVESTMENT CORP 2.3%

Value $6.732M Shares 544,210 Est. Cost $13.46 Unrealized —

NMFC NEW MTN FIN CORP 2.1%

Value $6.096M Shares 850,170 Est. Cost $8.23 Unrealized —

CGBD CARLYLE SECURED LENDING INC 2.7%

Value $7.806M Shares 741,278 Est. Cost $10.92 Unrealized —

BXSL BLACKSTONE SECD LENDING FD 9.7%

Value $28.39M Shares 1,197,277 Est. Cost $24.82 Unrealized —

OCSL OAKTREE SPECIALTY LENDING CO 1.4%

Value $3.997M Shares 334,737 Est. Cost $17.65 Unrealized —

SCM STELLUS CAP INVT CORP 0.7%

Value $2.147M Shares 255,026 Est. Cost $13.26 Unrealized —

PFLT PENNANTPARK FLOATING RATE CA 0.4%

Value $1.287M Shares 172,096 Est. Cost $8.14 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value $368K Shares 500 Est. Cost $614.31 Unrealized —

TCPC BLACKROCK TCP CAPITAL CORP 0.3%

Value $939K Shares 279,505 Est. Cost $11.75 Unrealized —

IRM IRON MTN INC DEL 0.1%

Value $198K Shares 1,567 Est. Cost $82.92 Unrealized —

HST HOST HOTELS & RESORTS INC 0.1%

Value $166K Shares 7,003 Est. Cost $16.90 Unrealized —

SPG SIMON PPTY GROUP INC NEW 0.1%

Value $189K Shares 843 Est. Cost $159.99 Unrealized —

EQR EQUITY RESIDENTIAL 0.0%

Value $90,075 Shares 1,326 Est. Cost $61.14 Unrealized —

AMH AMERICAN HOMES 4 RENT 0.0%

Value $64,425 Shares 1,922 Est. Cost $30.44 Unrealized —

ESS ESSEX PPTY TR INC 0.0%

Value $55,402 Shares 190 Est. Cost $240.09 Unrealized —

BXP BXP INC 0.0%

Value $38,128 Shares 575 Est. Cost $68.18 Unrealized —

AVB AVALONBAY CMNTYS INC 0.0%

Value $61,512 Shares 326 Est. Cost $170.91 Unrealized —

EXR EXTRA SPACE STORAGE INC 0.0%

Value $74,393 Shares 512 Est. Cost $134.66 Unrealized —

AMT AMERICAN TOWER CORP NEW 0.0%

Value $108K Shares 658 Est. Cost $165.89 Unrealized —

CCI CROWN CASTLE INC 0.0%

Value $67,551 Shares 892 Est. Cost $91.02 Unrealized —

DLR DIGITAL RLTY TR INC 0.1%

Value $209K Shares 1,166 Est. Cost $128.68 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HTGC	HERCULES CAPITAL INC	1,357,013	$21.4M	7.3%	$17.12	—	COM	427096508
SLRC	SLR INVESTMENT CORP	544,210	$6.732M	2.3%	$13.46	—	COM	83413U100
NMFC	NEW MTN FIN CORP	850,170	$6.096M	2.1%	$8.23	—	COM	647551100
CGBD	CARLYLE SECURED LENDING INC	741,278	$7.806M	2.7%	$10.92	—	COM	872280102
BXSL	BLACKSTONE SECD LENDING FD	1,197,277	$28.39M	9.7%	$24.82	—	COMMON STOCK	09261X102
OCSL	OAKTREE SPECIALTY LENDING CO	334,737	$3.997M	1.4%	$17.65	—	COM	67401P405
SCM	STELLUS CAP INVT CORP	255,026	$2.147M	0.7%	$13.26	—	COM	858568108
PFLT	PENNANTPARK FLOATING RATE CA	172,096	$1.287M	0.4%	$8.14	—	COM	70806A106
QQQ	INVESCO QQQ TR	500	$368K	0.1%	$614.31	—	UNIT SER 1	46090E103
TCPC	BLACKROCK TCP CAPITAL CORP	279,505	$939K	0.3%	$11.75	—	COM	09259E108
IRM	IRON MTN INC DEL	1,567	$198K	0.1%	$82.92	—	COM	46284V101
HST	HOST HOTELS & RESORTS INC	7,003	$166K	0.1%	$16.90	—	COM	44107P104
SPG	SIMON PPTY GROUP INC NEW	843	$189K	0.1%	$159.99	—	COM	828806109
EQR	EQUITY RESIDENTIAL	1,326	$90,075	0.0%	$61.14	—	SH BEN INT	29476L107
AMH	AMERICAN HOMES 4 RENT	1,922	$64,425	0.0%	$30.44	—	CL A	02665T306
ESS	ESSEX PPTY TR INC	190	$55,402	0.0%	$240.09	—	COM	297178105
BXP	BXP INC	575	$38,128	0.0%	$68.18	—	COM	101121101
AVB	AVALONBAY CMNTYS INC	326	$61,512	0.0%	$170.91	—	COM	053484101
EXR	EXTRA SPACE STORAGE INC	512	$74,393	0.0%	$134.66	—	COM	30225T102
AMT	AMERICAN TOWER CORP NEW	658	$108K	0.0%	$165.89	—	COM	03027X100
CCI	CROWN CASTLE INC	892	$67,551	0.0%	$91.02	—	COM	22822V101
DLR	DIGITAL RLTY TR INC	1,166	$209K	0.1%	$128.68	—	COM	253868103