The Prospectus states the Fund seeks attractive risk-adjusted returns and current income by allocating across private credit strategies focused on asset-backed credit: debt collateralized by financial or physical assets, consumer and commercial finance and receivables. Under normal circumstances at least 80% of net assets plus borrowings is in private credit; that policy is non-fundamental and changeable by the Board on 60 days' notice. Expected allocations are senior asset-backed loans 30-50%, mezzanine 10-30%, whole loans 10-20%, physical asset credit 10-20%, securitized products 20-40% and opportunistic credit 0-10%. The Fund may invest at any credit quality and anywhere in the capital structure.