The prospectus states the Fund seeks current income relative to the risk taken, through credit-related assets with low correlation to traditional fixed income. It invests primarily in privately offered credit funds and co-investments alongside them, emphasizing asset-based lending and necessity-based industries, targeting 6 to 10 core Private Fund positions in loans of five years or less. Underlying managers may hold below investment grade, distressed, subordinated or unsecured debt and use leverage without 1940 Act limits. A sleeve of registered credit funds and cash supports liquidity. Private Funds were 89.9% of net assets at 3/31/2026.