The Fund seeks to provide a high level of income by investing primarily in asset based loans sourced by boutique alternative lending platforms. Loans are secured by specific collateral, which provides an identifiable source of repayment. Holdings are spread across lending strategies, industries and collateral types, with 650 underlying holdings and a $25 million weighted median loan size (9/1/2026). The Fund borrows at the Fund level (13% of net assets, net of cash, 9/1/2026), and underlying holdings may use additional leverage. Any 80% policy, derivatives and hedging are not stated.