The prospectus states the Fund seeks to achieve total return and current income. Under normal circumstances it invests at least 80% of net assets plus borrowings in alternative lending-related securities, and as a fundamental policy concentrates in the alternative lending industry with at least 25% of total assets. Holdings are whole consumer and small-business loans, participations, pass-through certificates and asset-backed securities sourced through lending platforms. The Adviser does not select investments by analysing individual borrowers; it seeks the credit risk premium across pools. Fundamental restrictions bar subprime-quality loans, subprime-focused platforms and emerging-market originations. The Fund may use leverage.