The prospectus states the Fund seeks total return and current income by buying alternative lending-related securities that the Adviser believes offer access to the credit risk premium: whole loans and loan participations from non-traditional lending platforms (consumer, small business, student and real estate borrowers), asset-backed securities including residual tranches, and related equity. At least 80% of net assets plus borrowings goes to these securities, and at least 25% of total assets to the alternative lending industry. Fundamental policies bar subprime loans, subprime-focused platforms, emerging market originations and platforms without audited financials. It borrows, uses reverse repos and may use derivatives.