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Consolidated Schedule of Investments - USD ($)
Jun. 30, 2024
Sep. 30, 2023
1888 Industrial Services, LLC [Member]    
% of Net Assets 0.23% [1] 3.66% [2],[3],[4]
Par Amount $ 350,000 [5] $ 15,832,412 [2],[3],[6]
Fair Value 350,000 [7] 5,383,656 [2],[3],[8]
Amortized Cost $ 196,411 [9] $ 15,296,502 [2],[3],[10]
Altisource S.A.R.L. [Member]    
% of Net Assets 6.60% [1] 5.45% [3],[4],[11]
Par Amount $ 13,966,784 [5] $ 9,640,790 [3],[6],[11]
Fair Value 10,181,067 [7] 8,012,089 [3],[8],[11]
Amortized Cost $ 10,893,806 [9] $ 8,507,963 [3],[10],[11]
Arcline FM Holdings, LLC [Member]    
% of Net Assets 1.73% [1],[12] 1.80% [3]
Par Amount $ 2,658,987 [5],[12] $ 2,679,494 [3]
Fair Value 2,660,649 [7],[12] 2,644,660 [3]
Amortized Cost $ 2,571,184 [9],[12] $ 2,591,013 [3]
Be Green Packaging, LLC [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[8]
Par Amount $ 417 [5],[12] $ 417 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 416,250 [9],[12] $ 416,250 [3],[10]
Blufox Mobile Services [Member]    
% of Net Assets [1],[12] 4.58%  
Par Amount [5],[12] $ 7,062,403  
Fair Value [7],[12] 7,062,403  
Amortized Cost [9],[12] $ 7,062,403  
Boostability Seotowncenter, Inc. [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 833,152 [5],[12] $ 833,152 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 66,475 [9],[12] $ 66,475 [3],[10]
CB&L Associates Holdco I, LLC [Member]    
% of Net Assets 3.50% [1],[12] 3.53% [3],[4]
Par Amount $ 5,805,135 [5],[12] $ 5,916,102 [3],[6]
Fair Value 5,398,776 [7],[12] 5,191,380 [3],[10]
Amortized Cost $ 4,896,579 [9],[12] $ 4,990,179 [3],[10]
Chimera Investment Corp. [Member]    
% of Net Assets 4.78% [1],[12] 3.76% [3],[4]
Par Amount $ 311,064 [5],[12] $ 280,911 [3],[6]
Fair Value 7,371,659 [7],[12] 5,530,624 [3],[8]
Amortized Cost $ 7,066,734 [9],[12] $ 6,347,999 [3],[10]
Copper Property CTL Pass Through Trust [Member]    
% of Net Assets [1],[12] 3.77%  
Par Amount [5],[12] $ 637,795  
Fair Value [7],[12] 5,816,690  
Amortized Cost [9],[12] $ 7,784,654  
Deer Management Systems LLC [Member]    
% of Net Assets 2.18% [1],[12] 2.26%
Par Amount $ 3,293,750 [5],[12] $ 3,357,500
Fair Value 3,367,859 [7],[12] 3,323,925
Amortized Cost $ 3,225,131 [9],[12] $ 3,294,306
DirecTV Financing, LLC [Member]    
% of Net Assets 2.99% [1],[12] 2.72% [3],[4]
Par Amount $ 4,594,523 [12] $ 4,100,000 [3],[6]
Fair Value 4,596,815 [9],[12] 4,003,908 [3],[8]
Amortized Cost $ 4,585,597 [5],[12] $ 4,100,000 [3],[10]
Epic Y-Grade Services, LP [Member]    
% of Net Assets [1],[12] 2.59%  
Par Amount [5],[9] $ 4,000,000  
Fair Value [7] 3,987,500  
Amortized Cost $ 3,903,469  
First Brands Group, LLC [Member]    
% of Net Assets 2.50% [1],[12] 2.64% [3],[4]
Par Amount $ 3,889,447 [5],[12] $ 3,919,598 [3],[6]
Fair Value 3,861,492 [7],[12] 3,880,402 [3],[8]
Amortized Cost $ 3,889,447 [9],[12] $ 3,919,598 [3],[10]
Franklin BSP Realty Trust, Inc. [Member]    
% of Net Assets 0.54% [1] 2.04% [3],[4],[11]
Par Amount $ 66,107 [5],[13] $ 226,107 [3],[6],[11]
Fair Value 832,948 [7] 2,993,657 [3],[8],[11]
Amortized Cost $ 907,782 [9] $ 3,572,788 [3],[10],[11]
Global Accessories Group, LLC [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 380 [5],[12] $ 380 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 151,337 [9],[12] $ 151,337 [3],[10]
Innovate Corp. [Member]    
% of Net Assets 2.07% [1] 1.41% [3],[4]
Par Amount $ 4,250,000 [5] $ 2,750,000 [3],[6]
Fair Value 3,187,500 [7] 2,076,250 [3],[8]
Amortized Cost $ 3,714,663 [9] $ 2,615,913 [3],[10]
Invesco Mortgage Capital, Inc. [Member]    
% of Net Assets 2.94% [1] 2.71% [3],[4],[11]
Par Amount $ 205,000 [5] $ 205,000 [3],[6],[11]
Fair Value 4,538,700 [7] 3,989,300 [3],[8],[11]
Amortized Cost $ 5,035,506 [9] $ 5,035,506 [3],[10],[11]
JFL-NGS-WCS Partners, LLC [Member]    
% of Net Assets 8.36% [1],[12] 8.57% [3],[4]
Par Amount $ 11,000,000 [5],[12] $ 10,861,605 [3],[6]
Fair Value 12,897,500 [7],[12] 12,599,438 [3],[8]
Amortized Cost $ 10,995,086 [9],[12] $ 10,864,482 [3],[10]
Kemmerer Operations, LLC [Member]    
% of Net Assets [1] 5.94%  
Par Amount [5] $ 9,153,693  
Fair Value [7] 9,153,692  
Amortized Cost [9] $ 9,153,693  
Lighting Science Group Corporation [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 5,000,000 [5],[12] $ 5,000,000 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 955,680 [9],[12] $ 955,680 [3],[10]
Lucky Bucks, LLC [Member]    
% of Net Assets 2.21% [1],[12] 2.45% [3],[4]
Par Amount $ 2,221,266 [5],[12] $ 2,231,520 [3],[6]
Fair Value 3,416,361 [7],[12] 3,596,099 [3],[8]
Amortized Cost $ 2,125,124 [9],[12] $ 2,134,927 [3],[10]
McKissock Investment Holdings, LLC (dba Colibri) [Member]    
% of Net Assets 3.17% [1],[12] 3.25% [3],[4]
Par Amount $ 4,887,043 [5],[12] $ 4,924,535 [3],[6]
Fair Value 4,891,564 [7],[12] 4,776,799 [3],[8]
Amortized Cost $ 4,850,930 [9],[12] $ 4,883,570 [3],[10]
MFA Financial, Inc. [Member]    
% of Net Assets 1.48% [12],[13] 1.26% [3],[4]
Par Amount $ 97,426 [12],[13] $ 97,426 [3],[6]
Fair Value 2,289,511 [12],[13] 1,856,940 [3],[8]
Amortized Cost $ 2,318,487 [12],[13] $ 2,318,487 [3],[10]
New York Mortgage Trust, Inc. [Member]    
% of Net Assets 2.55% [12] 2.50% [3],[4]
Par Amount $ 165,000 [12] $ 165,000 [3],[6]
Fair Value 3,936,900 [12] 3,677,850 [3],[8]
Amortized Cost $ 4,102,076 [12] $ 4,102,076 [3],[10]
PHH Mortgage Corp. [Member]    
% of Net Assets 6.11% [1],[12] 4.66% [3],[4]
Par Amount $ 9,686,000 [5],[12] $ 7,686,000 [3],[6]
Fair Value 9,419,635 [7],[12] 6,845,344 [3],[8]
Amortized Cost $ 8,780,720 [9],[12] $ 6,895,720 [3],[10]
Point.360 [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 2,777,366 [5],[12] $ 2,777,366 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 2,103,712 [9],[12] $ 2,103,712 [3],[10]
Power Stop LLC [Member]    
% of Net Assets 5.59% [1],[12] 3.84% [3],[4]
Par Amount $ 8,861,392 [5],[12],[14],[15],[16] $ 6,919,937 [3],[6]
Fair Value 8,617,704 [7],[12] 5,639,748 [3],[8]
Amortized Cost $ 8,309,665 [9],[12] $ 6,515,010 [3],[10]
Rithm Capital Corp [Member]    
% of Net Assets 3.37% [1],[12] 3.20% [3],[4],[11]
Par Amount $ 206,684 [5],[12],[17],[18] $ 206,684 [3],[6],[11]
Fair Value 5,200,169 [7],[12] 4,695,860 [3],[8],[11]
Amortized Cost $ 5,129,170 [9],[12] $ 5,129,170 [3],[10],[11]
Secure Acquisition Inc. (dba Paragon Films) [Member]    
% of Net Assets 2.29% [1],[12] 2.31% [3],[4]
Par Amount $ 3,518,464 [5],[12],[14],[16],[19] $ 3,430,517 [3],[6]
Fair Value 3,527,172 [7],[12] 3,396,212 [3],[8]
Amortized Cost $ 3,507,967 [9],[12] $ 3,417,600 [3],[10]
SMC Roofing [Member]    
% of Net Assets [1],[12] 1.72%  
Par Amount [5],[12],[14],[19],[20] $ 2,689,568  
Fair Value [1],[12] 2,664,522  
Amortized Cost [9],[12] $ 2,684,420  
SS Acquisition, LLC (dba Soccer Shots Franchising) [Member]    
% of Net Assets 6.40% [1],[12] 6.72% [3],[4]
Par Amount $ 9,866,667 [5],[12] $ 9,866,667 [3],[6]
Fair Value 9,866,667 [7],[12] 9,866,667 [3],[8]
Amortized Cost $ 9,775,988 [9],[12] $ 9,753,518 [3],[10]
Stancor (dba Industrial Flow Solutions Holdings, LLC) [Member]    
% of Net Assets 0.24% [1],[12] 0.14% [3],[4]
Par Amount $ 358,867 [5],[12] $ 338,736 [3],[6]
Fair Value 375,105 [7],[12] 200,566 [3],[8]
Amortized Cost $ 345,491 [9],[12] $ 308,652 [3],[10]
Staples, Inc. [Member]    
% of Net Assets 3.56% [1],[12] 2.48% [3],[4]
Par Amount $ 6,000,000 [5],[12] $ 3,692,159 [3],[6]
Fair Value 5,482,500 [7],[12] 3,648,315 [3],[8]
Amortized Cost $ 5,763,449 [9],[12] $ 3,655,672 [3],[10]
Tamarix Capital Partners II, L.P. [Member]    
% of Net Assets 0.53% [1],[12] 0.54% [3],[4],[11]
Par Amount [5],[12] [3],[6],[11]
Fair Value 806,932 [7],[12] 792,346 [3],[8],[11]
Amortized Cost $ 1,026,818 [9],[12] $ 1,026,818 [3],[10],[11]
Thryv Holdings, Inc. [Member]    
% of Net Assets 1.90% [1],[12] 5.21% [3],[4]
Par Amount $ 2,883,214 [5],[12] $ 7,656,442 [3],[6]
Fair Value 2,931,268 [7],[12] 7,661,227 [3],[8]
Amortized Cost $ 2,855,120 [9],[12] $ 7,604,838 [3],[10]
Velocity Pooling Vehicle, LLC [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 11,947 [5],[12] $ 11,947 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 664,131 [5],[12] $ 664,131 [3],[10]
Wingman Holdings, Inc. [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount [6] $ 350 [12] $ 350 [3]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 700,000 [9],[12] $ 700,000 [3],[10]
Subtotal Non-Controlled/Non-Affiliated Investments [Member]    
% of Net Assets 96.42% [1],[12] 85.40% [3],[4]
Par Amount $ 131,309,891 [5],[12] $ 106,630,423 [3],[6]
Fair Value 148,691,260 [7],[12] 125,531,031 [3],[8]
Amortized Cost $ 152,515,155 [9],[12] $ 134,339,121 [3],[10]
Black Angus Steakhouses, LLC [Member]    
% of Net Assets 2.11% [1],[12],[21] 2.90% [2],[3],[4]
Par Amount $ 17,433,643 [5],[12],[21] $ 15,825,824 [2],[3],[6]
Fair Value 3,247,075 [7],[12],[21] 4,255,958 [2],[3],[8]
Amortized Cost $ 10,564,242 [9],[12],[21] $ 10,564,242 [2],[3],[10]
FST Holdings Parent, LLC [Member]    
% of Net Assets 7.23% [12],[21] 6.81% [2],[3],[4]
Par Amount $ 625,548 [12],[21] $ 625,548 [2],[3],[6]
Fair Value 11,160,752 [12],[21] 10,000,003 [2],[3],[8]
Amortized Cost $ 10,000,000 [12],[21] $ 10,000,000 [2],[3],[10]
Subtotal Affiliated Investments [Member]    
% of Net Assets 9.34% [1],[12],[21] 25.38% [2],[3],[4]
Par Amount $ 18,059,191 [5],[12],[21] $ 44,783,784 [2],[3],[6]
Fair Value 14,407,827 [7],[12],[21] 37,289,617 [2],[3],[8]
Amortized Cost $ 20,564,242 [9],[12],[21] $ 48,233,910 [2],[3],[10]
ECC Capital Corp. [Member]    
% of Net Assets [1],[12],[22] 8.67%  
Par Amount [5],[12],[22] $ 94,422,012  
Fair Value [7],[12],[22] 13,362,012  
Amortized Cost [9],[12],[22] $ 14,673,096  
FlexFIN, LLC [Member]    
% of Net Assets 22.51% [1],[12],[22] 26.45% [3],[4],[23]
Par Amount $ 34,708,509 [5],[12],[22] $ 38,870,711 [3],[6],[23]
Fair Value 34,708,509 [7],[12],[22] 38,870,711 [3],[8],[23]
Amortized Cost $ 34,708,509 [9],[12],[22] $ 38,870,711 [3],[10],[23]
NSG Captive, Inc. [Member]    
% of Net Assets [1],[12],[22] 0.06%  
Par Amount [5],[12],[22] $ 100,000  
Fair Value [7],[12],[22] 100,000  
Amortized Cost [9],[12],[22] $ 100,000  
NVTN LLC [Member]    
% of Net Assets 14.54% [1],[12],[22] 8.34% [3],[4],[23]
Par Amount $ 34,559,579 [5],[12],[22] $ 36,369,131 [3],[6],[23]
Fair Value 22,411,757 [7],[12],[22] 12,252,403 [3],[8],[23]
Amortized Cost $ 48,553,370 [9],[12],[22] $ 38,346,947 [3],[10],[23]
Subtotal Control Investments [Member]    
% of Net Assets [1],[12],[22] 45.78%  
Par Amount [5],[12],[22] $ 163,790,100  
Fair Value [7],[12],[22] 70,582,278  
Amortized Cost [9],[12],[22] $ 98,034,975  
Total Investments [Member]    
% of Net Assets 151.54% [1],[12],[22] 154.40% [3],[4],[23]
Par Amount $ 313,159,182 [5],[12],[22] $ 230,037,957 [3],[6],[23]
Fair Value 233,681,365 [7],[12],[22] 226,460,691 [3],[8],[23]
Amortized Cost $ 271,114,372 [9],[12],[22] $ 265,010,723 [3],[10],[23]
DataOnline Corp. [Member]    
% of Net Assets [3],[4]   3.72%
Par Amount [3],[6]   $ 5,526,786
Fair Value [3],[10]   5,471,518
Amortized Cost [3],[6]   $ 5,526,786
PennyMac Financial Services, Inc. [Member]    
% of Net Assets [3],[4],[11]   1.34%
Par Amount [3],[6],[11]   $ 29,500
Fair Value [3],[8],[11]   1,964,700
Amortized Cost [3],[10],[11]   $ 1,921,275
SMART Financial Operations, LLC [Member]    
% of Net Assets [3],[4]   0.67%
Par Amount [3],[6]   $ 700,000
Fair Value [3],[8]   978,140
Amortized Cost [3],[10]   $ 700,000
Maritime Wireless Holdings LLC [Member]    
% of Net Assets [2],[3],[4]   12.01%
Par Amount [2],[3],[6]   $ 12,500,000
Fair Value [2],[3],[8]   17,650,000
Amortized Cost [2],[3],[10]   $ 12,373,166
Kemmerer Holdings, LLC [Member]    
% of Net Assets [3],[4],[23]   8.52%
Par Amount [3],[6],[23]   $ 3,383,908
Fair Value [3],[8],[23]   12,516,929
Amortized Cost [3],[10],[23]   $ 5,220,034
Subtotal Control Investments [Member]    
% of Net Assets [3],[4],[23]   43.31%
Par Amount [3],[6],[23]   $ 78,623,750
Fair Value [3],[8],[23]   63,640,043
Amortized Cost [3],[10],[23]   $ 82,437,692
Energy: Oil & Gas [Member] | Senior Secured First Lien Term Loan C [Member] | 1888 Industrial Services, LLC [Member]    
% of Net Assets 0.23% [1],[12] 0.51% [2],[3],[4],[24]
Par Amount $ 350,000 [5] $ 1,231,932 [2],[3],[6],[24]
Maturity Feb. 23, 2025 [12] Aug. 31, 2024 [2],[3],[24]
Fair Value $ 350,000 [7],[12] $ 751,479 [2],[3],[8],[24]
Amortized Cost $ 196,411 [9],[12] $ 1,191,257 [2],[3],[10],[24]
Energy: Oil & Gas [Member] | First Lien Term Loan [Member] | Epic Y-Grade Services, LP [Member]    
% of Net Assets [1],[12] 2.59%  
Par Amount [5],[12] $ 4,000,000  
Maturity [12] Jun. 30, 2029  
Fair Value [7],[12] $ 3,987,500  
Amortized Cost [9],[12] $ 3,903,469  
Energy: Oil & Gas [Member] | Revolving Credit Facility [Member] | 1888 Industrial Services, LLC [Member]    
% of Net Assets [2],[3],[4],[24],[25]   3.15%
Par Amount [2],[3],[6],[24],[25]   $ 4,632,177
Maturity [2],[3],[24],[25]   Aug. 31, 2024
Fair Value [2],[3],[8],[24],[25]   $ 4,632,177
Amortized Cost [2],[3],[10],[24],[25]   $ 4,632,177
Energy: Oil & Gas [Member] | Senior Secured First Lien Term Loan A [Member] | 1888 Industrial Services, LLC [Member]    
% of Net Assets [2],[3],[4],[24],[26],[27]   0.00%
Par Amount [2],[3],[6],[24],[26],[27]   $ 9,946,741
Maturity [2],[3],[24],[26],[27]   Aug. 31, 2024
Fair Value [2],[3],[8],[24],[26],[27]  
Amortized Cost [2],[3],[10],[24],[26],[27]   $ 9,473,068
Energy: Oil & Gas [Member] | Equity - 21,562 Class A Units [Member] | 1888 Industrial Services, LLC [Member]    
% of Net Assets [2],[3],[4],[26]  
Par Amount [2],[3],[6],[26]   $ 21,562
Fair Value [2],[3],[8],[26]  
Amortized Cost [2],[3],[10],[26]  
Services: Business [Member] | Senior Secured First Lien Term Loan B [Member] | Altisource S.A.R.L. [Member]    
% of Net Assets 6.54% [1],[12],[13] 5.31% [3],[4],[11]
Par Amount $ 13,868,885 [5],[13] $ 9,565,710 [3],[6],[11]
Maturity Apr. 30, 2025 [12],[13] Apr. 30, 2025 [3],[11]
Fair Value $ 10,082,679 [7],[12],[13] $ 7,805,619 [3],[8],[11]
Amortized Cost $ 10,893,806 [9],[12],[13] $ 8,507,963 [3],[10],[11]
Services: Business [Member] | Senior Secured First Lien Term Loan B [Member] | Warrants [Member] | Altisource S.A.R.L. [Member]    
% of Net Assets 0.06% [1],[12] 0.14% [3],[4],[11]
Par Amount $ 97,899 [5] $ 75,080 [3],[6],[11]
Maturity May 22, 2027 [12] May 22, 2027 [3],[11]
Fair Value $ 98,388 [7],[12] $ 206,470 [3],[8],[11]
Amortized Cost [9],[12] [3],[10],[11]
Services: Business [Member] | Senior Secured First Lien Term Loan [Member] | Point.360 [Member]    
% of Net Assets 0.00% [1],[12],[28],[29] 0.00% [3],[4]
Par Amount $ 2,777,366 [5],[12],[28],[29] $ 2,777,366 [3],[6]
Maturity Jul. 08, 2020 [12],[28],[29] Jul. 08, 2020 [3]
Fair Value [7],[12],[28],[29] [3],[8]
Amortized Cost $ 2,103,712 [9],[12],[28],[29] $ 2,103,712 [3],[10]
Services: Business [Member] | Equity - 833,152 Common Units [Member] | Boostability Seotowncenter, Inc. [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 833,152 [5],[12] $ 833,152 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 66,475 [9],[12] $ 66,475 [3],[10]
Services: Business [Member] | Equity - 358,867 Class A Units [Member] | Stancor (dba Industrial Flow Solutions Holdings, LLC) [Member]    
% of Net Assets [1],[12] 0.24%  
Par Amount [5],[12] $ 358,867  
Fair Value [7],[12] 375,105  
Amortized Cost [9],[12] $ 345,491  
Services: Business [Member] | Equity Interest [Member] | FlexFIN, LLC [Member]    
% of Net Assets 22.51% [1],[22] 26.45% [3],[4],[23]
Par Amount $ 34,708,509 [5],[12],[22] $ 38,870,711 [3],[6],[23]
Fair Value 34,708,509 [7],[22] 38,870,711 [3],[8],[23]
Amortized Cost $ 34,708,509 [9],[12],[22] $ 38,870,711 [3],[10],[23]
Services: Business [Member] | Equity - 338,736.11 Class A Units [Member] | Stancor (dba Industrial Flow Solutions Holdings, LLC) [Member]    
% of Net Assets [3],[4]   0.14%
Par Amount [3],[6]   $ 338,736
Fair Value [3],[8]   200,566
Amortized Cost [3],[10]   $ 308,652
Aerospace & Defense [Member] | First Lien Term Loans [Member] | Arcline FM Holdings, LLC [Member]    
% of Net Assets 1.73% [1],[12] 1.80% [4]
Par Amount $ 2,658,987 [5],[12] $ 2,679,494 [6]
Maturity Jun. 23, 2028 [12] Jun. 23, 2028
Fair Value $ 2,660,649 [7],[12] $ 2,644,660 [8]
Amortized Cost $ 2,571,184 [9],[12] $ 2,591,013 [10]
Aerospace & Defense [Member] | Equity - 350 Common Shares [Member] | Wingman Holdings, Inc. [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 350 [5],[12] $ 350 [3],[6]
Fair Value [9],[12] [3],[8]
Amortized Cost $ 700,000 [9],[12] $ 700,000 [3],[10]
Containers, packaging & Glass [Member] | Equity - 417 Common Units [Member] | Be Green Packaging, LLC [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [8]
Par Amount $ 417 [5],[12] $ 417 [3],[6]
Fair Value [7],[12] [10]
Amortized Cost $ 416,250 [9],[12] $ 416,250 [6]
Containers, packaging & Glass [Member] | Warrants - 0.62% of Outstanding Equity [Member] | Lighting Science Group Corporation [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 5,000,000 [5],[12] $ 5,000,000 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 955,680 [9],[12] $ 955,680 [3],[10]
Services Consumer [Member] | Senior Secured First Lien Term Loan [Member] | Blufox Mobile Services [Member]    
% of Net Assets [1],[12] 4.58%  
Par Amount [5],[12] $ 7,062,403  
Maturity [12] Apr. 12, 2028  
Fair Value [7],[12] $ 7,062,403  
Amortized Cost [9],[12] $ 7,062,403  
Real Estate [Member] | First Lien Term Loan [Member] | CB&L Associates Holdco I, LLC [Member]    
% of Net Assets [1],[12],[13] 3.50%  
Par Amount [5],[12],[13] $ 5,805,135  
Maturity [12],[13] Nov. 01, 2025  
Fair Value [7],[12],[13] $ 5,398,776  
Amortized Cost [9],[12],[13] $ 4,896,579  
Real Estate [Member] | Equity - 117,310 Class C Preferred Units [Member] | Chimera Investment Corp. [Member]    
% of Net Assets [1],[12],[13],[30] 1.71%  
Par Amount [5],[12],[13],[30] $ 117,310  
Fair Value [7],[12],[13],[30] 2,632,436  
Amortized Cost [9],[12],[13],[30] $ 2,884,724  
Real Estate [Member] | Equity - 163,601 Class D Preferred Units [Member] | Chimera Investment Corp. [Member]    
% of Net Assets [1],[12] 3.07%  
Par Amount [5],[12] $ 193,754  
Fair Value [7],[12] 4,739,223  
Amortized Cost [9],[12] $ 4,182,010  
Real Estate [Member] | Equity Certificates [Member] | Copper Property CTL Pass Through Trust [Member]    
% of Net Assets [1],[12] 3.77%  
Par Amount [5],[12] $ 637,795  
Fair Value [7],[12] 5,816,690  
Amortized Cost [9],[12] $ 7,784,654  
Real Estate [Member] | Equity - 66,107 Common Units [Member] | Franklin BSP Realty Trust, Inc. [Member]    
% of Net Assets [1],[13] 0.54%  
Par Amount [5],[13] $ 66,107  
Fair Value [7],[13] 832,948  
Amortized Cost [9],[13] $ 907,782  
Real Estate [Member] | Equity - 205,000 Class C Preferred Units [Member] | Invesco Mortgage Capital, Inc. [Member]    
% of Net Assets [12],[13],[31] 2.94%  
Par Amount [5],[12],[13],[31] $ 205,000  
Fair Value [12],[13],[31] 4,538,700  
Amortized Cost [12],[13],[31] $ 5,035,506  
Real Estate [Member] | Equity - 97,426 Class C Preferred Units [Member] | MFA Financial, Inc. [Member]    
% of Net Assets [7],[12],[13] 1.48%  
Par Amount [5],[12],[13] $ 97,426  
Fair Value [7],[12],[13] 2,289,511  
Amortized Cost [9],[12],[13] $ 2,318,487  
Real Estate [Member] | Equity - 165,000 Class E Preferred Units [Member] | New York Mortgage Trust, Inc. [Member]    
% of Net Assets [1],[12],[13],[32] 2.55%  
Par Amount [5],[12],[13],[32] $ 165,000  
Fair Value [7],[12],[13],[32] 3,936,900  
Amortized Cost [9],[12],[13],[32] $ 4,102,076  
Real Estate [Member] | Senior Secured Notes [Member] | PHH Mortgage Corp. [Member]    
% of Net Assets [1],[12] 6.11%  
Par Amount [5],[12] $ 9,686,000  
Maturity [12] Mar. 15, 2026  
Fair Value [7],[12] $ 9,419,635  
Amortized Cost [9],[12] $ 8,780,720  
Real Estate [Member] | Equity-84,000,000 Units [Member] | ECC Capital Corp. [Member]    
% of Net Assets [7],[22] 1.91%  
Par Amount [5],[12],[22] $ 84,000,000  
Fair Value [9],[12],[22] 2,940,000  
Amortized Cost [5],[12],[22] $ 4,251,084  
Real Estate [Member] | Senior Secured Promissory Note [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ECC Capital Corp. [Member]    
% of Net Assets [1],[22] 6.76%  
Par Amount [5],[12],[22] $ 10,422,012  
Maturity [12],[22] Dec. 31, 2031  
Fair Value [7],[12],[22] $ 10,422,012  
Amortized Cost [9],[12],[22] $ 10,422,012  
Consumer Discretionary [Member] | First Lien Term Loan [Member] | Deer Management Systems LLC [Member]    
% of Net Assets 2.18% [1],[12] 2.26% [3],[4]
Par Amount $ 3,293,750 [5],[12] $ 3,357,500 [3],[6]
Maturity May 01, 2028 [12] May 01, 2028 [3]
Fair Value $ 3,367,859 [7],[12] $ 3,323,925 [3],[8]
Amortized Cost $ 3,225,131 [9],[12] $ 3,294,306 [3],[10]
Consumer Discretionary [Member] | First Lien Delayed Draw Term Loan [Member] | Deer Management Systems LLC [Member]    
% of Net Assets [1],[12] 0.00%  
Par Amount [5],[12]  
Fair Value [7],[12]  
Amortized Cost [9],[12]  
Consumer Discretionary [Member] | Priority Second Out Term Loan [Member] | Lucky Bucks, LLC [Member]    
% of Net Assets [1],[12] 0.88%  
Par Amount [5],[12] $ 1,354,434  
Maturity [12] Oct. 02, 2029  
Fair Value [7],[12] $ 1,354,434  
Amortized Cost [9],[12] $ 1,327,345  
Consumer Discretionary [Member] | Priority First Out Exit Term Loan [Member] | Lucky Bucks, LLC [Member]    
% of Net Assets [1],[12] 0.44%  
Par Amount [5],[12] $ 686,093  
Maturity [12] Oct. 02, 2028  
Fair Value [7],[12] $ 686,093  
Amortized Cost [9],[12] $ 623,386  
Consumer Discretionary [Member] | Equity - 180,739 Membership Units [Member] | Lucky Bucks, LLC [Member]    
% of Net Assets 0.89% [1],[12] 1.05% [3],[4]
Par Amount $ 180,739 [5],[12] $ 180,739 [3],[6]
Fair Value 1,375,834 [7],[12] 1,545,318 [3],[8]
Amortized Cost $ 174,393 [9],[12] $ 174,393 [3],[10]
Consumer Discretionary [Member] | Second Out Exit Term Loan [Member] | Lucky Bucks, LLC [Member]    
% of Net Assets [3],[4]   0.93%
Par Amount [3],[6]   $ 1,361,240
Maturity [3]   Oct. 02, 2029
Fair Value [3],[8]   $ 1,361,240
Amortized Cost [3],[10]   $ 1,334,015
Consumer Discretionary [Member] | First Out Exit Term Loan [Member] | Lucky Bucks, LLC [Member]    
% of Net Assets [3],[4]   0.47%
Par Amount [3],[6]   $ 689,541
Maturity [3],[33],[34]   Oct. 02, 2028
Fair Value [3],[8]   $ 689,541
Amortized Cost [3],[10]   $ 626,519
Media: Broadcasting & Subscription [Member] | Senior Secured First Lien Term Loan [Member] | DirecTV Financing, LLC [Member]    
% of Net Assets 2.37% [1],[12] 2.72% [3],[4]
Par Amount $ 3,639,523 [5],[12] $ 4,100,000 [3],[6]
Maturity Aug. 02, 2027 [5],[12] Aug. 02, 2027 [3]
Fair Value $ 3,647,485 [7],[12] $ 4,003,908 [3],[8]
Amortized Cost $ 3,641,793 [9],[12] $ 4,100,000 [3],[10]
Media: Broadcasting & Subscription [Member] | Senior Secured First Lien Term Loan [Member] | Thryv Holdings, Inc. [Member]    
% of Net Assets [1],[12],[13] 1.90%  
Par Amount [5],[12],[13] $ 2,883,214  
Maturity [12],[13] May 01, 2029  
Fair Value [7],[12],[13] $ 2,931,268  
Amortized Cost [9],[12],[13] $ 2,855,120  
Media: Broadcasting & Subscription [Member] | Senior Secured First Lien Term Loans One [Member] | DirecTV Financing, LLC [Member]    
% of Net Assets [1],[12] 0.62%  
Par Amount [5],[12] $ 955,000  
Maturity [12] Aug. 02, 2029  
Fair Value [7],[12] $ 949,330  
Amortized Cost [9],[12] $ 943,804  
Media: Broadcasting & Subscription [Member] | Senior Secured First Lien Term Loans One [Member] | Thryv Holdings, Inc. [Member]    
% of Net Assets [3],[11]   5.21%
Par Amount [3],[11]   $ 7,656,442
Maturity [3],[11]   Mar. 01, 2026
Fair Value [3],[11]   $ 7,661,227
Amortized Cost [3],[11]   $ 7,604,838
Automotive [Member] | Senior Secured First Lien Term Loan [Member] | Power Stop LLC [Member]    
% of Net Assets 5.59% [1],[12] 3.84% [3],[4]
Par Amount $ 8,861,392 [5],[12] $ 6,919,937 [3],[6]
Maturity Jan. 26, 2029 [12],[16] Jan. 26, 2029 [3]
Fair Value $ 8,617,704 [7],[12] $ 5,639,748 [3],[8]
Amortized Cost $ 8,309,665 [9],[12] $ 6,515,010 [3],[10]
Automotive [Member] | Senior Secured First Lien Term Loan [Member] | First Brands Group, LLC [Member]    
% of Net Assets 2.50% [1],[12],[35] 2.64% [3],[4],[36]
Par Amount $ 3,889,447 [5],[12],[35] $ 3,919,598 [3],[6],[36]
Maturity Mar. 30, 2027 [12],[35] Mar. 30, 2027 [3],[36]
Fair Value $ 3,861,492 [7],[12],[35] $ 3,880,402 [3],[8],[36]
Amortized Cost $ 3,889,447 [9],[12],[35] $ 3,919,598 [3],[10],[36]
Automotive [Member] | Equity - 5,441 Class A Units [Member] | Velocity Pooling Vehicle, LLC [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 5,441 [5],[12] $ 5,441 [3],[6]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 302,464 [9],[12] $ 302,464 [3],[10]
Automotive [Member] | Warrants - 0.65% of Outstanding Equity [Member] | Velocity Pooling Vehicle, LLC [Member]    
% of Net Assets 0.00% [1],[12] 0.00% [3],[4]
Par Amount $ 6,506 [5],[12] $ 6,506 [3],[6]
Maturity Mar. 30, 2028 [12] Mar. 30, 2028 [3]
Fair Value [7],[12] [3],[8]
Amortized Cost $ 361,667 [9],[12] $ 361,667 [3],[10]
Consumer goods: Non-durable [Member] | Equity - 3.8% Membership Interest [Member] | Global Accessories Group, LLC [Member]    
% of Net Assets [1],[12] 0.00%  
Par Amount [5],[12] $ 380  
Fair Value [7],[12]  
Amortized Cost [9],[12] $ 151,337  
Construction & Building [Member] | Senior Secured First Lien Term Loan B [Member] | NGS-WCS Group Holdings [Member]    
% of Net Assets [1],[12] 0.65%  
Par Amount [5],[12] $ 1,000,000  
Maturity [12] May 31, 2030  
Fair Value [7],[12] $ 997,500  
Amortized Cost [9],[12] $ 995,086  
Construction & Building [Member] | Senior Secured First Lien Term Loan B [Member] | JFL-NGS-WCS Partners, LLC [Member]    
% of Net Assets [3],[4]   0.59%
Par Amount [3],[6]   $ 861,605
Maturity [3]   Nov. 12, 2026
Fair Value [3],[8]   $ 865,913
Amortized Cost [3],[10]   $ 864,482
Construction & Building [Member] | 8.50% Senior Secured Notes [Member] | Innovate Corp. [Member]    
% of Net Assets 2.07% [1],[12],[13] 1.41% [3],[4],[11]
Par Amount $ 4,250,000 [5],[12],[13] $ 2,750,000 [3],[6],[11]
Maturity Feb. 01, 2026 [12],[13] Feb. 01, 2026 [3],[11]
Fair Value $ 3,187,500 [12],[13] $ 2,076,250 [3],[8],[11]
Amortized Cost $ 3,714,663 [7],[12],[13] $ 2,615,913 [3],[10],[11]
Construction & Building [Member] | Equity - 10,000,000 Units [Member] | JFL-NGS-WCS Partners, LLC [Member]    
% of Net Assets 7.71% [1],[12] 7.98% [3],[4]
Par Amount $ 10,000,000 [5],[12] $ 10,000,000 [3],[6]
Fair Value 11,900,000 [7],[12] 11,733,525 [3],[8]
Amortized Cost $ 10,000,000 [9],[12] $ 10,000,000 [3],[10]
Metals & Mining [Member] | Senior Secured First Lien Term Loan [Member] | Kemmerer Operations, LLC [Member]    
% of Net Assets [1],[12] 5.94%  
Par Amount [5],[12] $ 9,153,693  
Maturity [12] Jun. 21, 2025  
Fair Value [7],[12] $ 9,153,692  
Amortized Cost [9],[12] $ 9,153,693  
Metals & Mining [Member] | Senior Secured First Lien Term Loans One [Member] | Kemmerer Holdings, LLC [Member]    
% of Net Assets [3],[4],[23]   2.30%
Par Amount [3],[6],[23]   $ 3,383,877
Maturity [3],[23]   Jun. 21, 2025
Fair Value [3],[8],[23]   $ 3,383,877
Amortized Cost [3],[10],[23]   $ 3,383,877
Metals & Mining [Member] | Equity - 31 Common Units [Member] | Kemmerer Holdings, LLC [Member]    
% of Net Assets [3],[4],[23],[26]   6.22%
Par Amount [3],[6],[23],[26]   $ 31
Fair Value [3],[8],[23],[26]   9,133,052
Amortized Cost [3],[10],[23],[26]   $ 1,836,157
Services: Consumer [Member] | Senior Secured First Lien Term Loan [Member] | SS Acquisition, LLC (dba Soccer Shots Franchising) [Member]    
% of Net Assets 4.32% [1],[12] 4.54% [3],[4]
Par Amount $ 6,666,667 [5],[12] $ 6,666,667 [3],[6]
Maturity Dec. 30, 2026 [12] Dec. 30, 2026 [3]
Fair Value $ 6,666,667 [7],[12] $ 6,666,667 [3],[8]
Amortized Cost $ 6,607,647 [9],[12] $ 6,592,976 [3],[10]
Services: Consumer [Member] | First Lien Term Loan [Member] | Staples, Inc. [Member]    
% of Net Assets 3.56% [1],[12] 2.48% [3],[4]
Par Amount $ 6,000,000 [5],[12] $ 3,692,159 [3],[6]
Maturity Sep. 01, 2029 [12] Sep. 12, 2024 [3]
Fair Value $ 5,482,500 [7],[12] $ 3,648,315 [3],[8]
Amortized Cost $ 5,763,449 [9],[12] $ 3,655,672 [3],[10]
Services: Consumer [Member] | Senior Secured First Lien Term Loan [Member] | McKissock Investment Holdings, LLC (dba Colibri) [Member]    
% of Net Assets [1],[12] 3.17%  
Par Amount [5],[12] $ 4,887,043  
Maturity [12] Mar. 10, 2029  
Fair Value [7],[12] $ 4,891,564  
Amortized Cost [9],[12] $ 4,850,930  
Services: Consumer [Member] | First Out Term Loan [Member] | SMC Roofing [Member]    
% of Net Assets [1],[12] 0.42%  
Par Amount [5],[12] $ 653,552  
Maturity [12] Oct. 16, 2028  
Fair Value [7],[12] $ 653,552  
Amortized Cost [9],[12] $ 657,267  
Services: Consumer [Member] | First Out Delayed Draw Term Loan [Member] | SMC Roofing [Member]    
% of Net Assets [1],[12] 0.02%  
Par Amount [5],[12] $ 32,366  
Maturity [12] Oct. 16, 2028  
Fair Value [7],[12] $ 32,366  
Amortized Cost [9],[12] $ 33,259  
Services: Consumer [Member] | Last Out Term Loan [Member] | SMC Roofing [Member]    
% of Net Assets [1],[12] 1.19%  
Par Amount [5],[12] $ 1,863,568  
Maturity [12] Oct. 16, 2028  
Fair Value [7],[12] $ 1,840,273  
Amortized Cost [9],[12] $ 1,851,880  
Services: Consumer [Member] | Last Out Delayed Draw Term Loan [Member] | SMC Roofing [Member]    
% of Net Assets [1],[12] 0.09%  
Par Amount [5],[12] $ 140,082  
Maturity [12] Oct. 16, 2028  
Fair Value [7],[12] $ 138,331  
Amortized Cost [9],[12] $ 142,014  
Services: Consumer [Member] | Senior Secured First Lien Delayed Draw Term Loan [Member] | SS Acquisition, LLC (dba Soccer Shots Franchising) [Member]    
% of Net Assets 2.08% [1],[12] 2.18% [3],[4]
Par Amount $ 3,200,000 [5],[12] $ 3,200,000 [3],[6]
Maturity Dec. 30, 2026 [12] Dec. 30, 2026 [3]
Fair Value $ 3,200,000 [7],[12] $ 3,200,000 [3],[8]
Amortized Cost $ 3,168,341 [9],[12] $ 3,160,542 [3],[10]
Services: Consumer [Member] | Senior Secured First Lien Term Loan one [Member] | McKissock Investment Holdings, LLC (dba Colibri) [Member]    
% of Net Assets [3],[4]   3.25%
Par Amount [3],[6]   $ 4,924,535
Maturity [3]   Mar. 12, 2029
Fair Value [3],[8]   $ 4,776,799
Amortized Cost [3],[10]   $ 4,883,570
Banking [Member] | Equity - 206,684 Class B Preferred Units [Member] | Rithm Capital Corp [Member]    
% of Net Assets [1],[12],[13] 3.37%  
Par Amount [5],[12],[13] $ 206,684  
Fair Value [7],[12],[13] 5,200,169  
Amortized Cost [9],[12],[13] $ 5,129,170  
Banking [Member] | Fund Investment [Member] | Tamarix Capital Partners II, L.P. [Member]    
% of Net Assets [1],[13],[20] 0.53%  
Par Amount [5],[13],[20]  
Fair Value [7],[13],[20] 806,932  
Amortized Cost [9],[13],[20] $ 1,026,818  
Packaging [Member] | Senior Secured First Lien Term Loan [Member] | Secure Acquisition Inc. (dba Paragon Films) [Member]    
% of Net Assets 2.29% [1],[12] 2.31% [3],[4]
Par Amount $ 3,518,464 [5],[12] $ 3,430,517 [3],[6]
Maturity Dec. 16, 2028 [12] Dec. 16, 2028 [3]
Fair Value $ 3,527,172 [7],[12] $ 3,396,212 [3],[8]
Amortized Cost $ 3,507,967 [9],[12] $ 3,418,570 [3],[10]
Packaging [Member] | Senior Secured First Lien Delayed Draw Term Loan [Member] | Secure Acquisition Inc. (dba Paragon Films) [Member]    
% of Net Assets [3],[4]   0.00%
Par Amount [3],[6]  
Maturity [3]   Dec. 16, 2028
Fair Value [3],[8]  
Amortized Cost [3],[10]   $ (970)
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [1] 0.29%  
Par Amount [5] $ 14,533,685  
Maturity Jan. 31, 2025  
Fair Value [7] $ 450,366  
Amortized Cost [9] $ 7,767,533  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Delayed Draw Term Loan [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [1],[12],[21],[29] 0.57%  
Par Amount [5],[12],[21] $ 908,080  
Maturity [12],[14],[15],[21],[29] Jan. 31, 2025  
Fair Value [7],[12],[21],[29] $ 875,749  
Amortized Cost [9],[12],[21],[29] $ 875,749  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Super Priority Delayed Draw Term Loan [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [1] 1.25%  
Par Amount [5] $ 1,991,878  
Maturity Jan. 31, 2025  
Fair Value [7] $ 1,920,960  
Amortized Cost [9] $ 1,920,960  
Hotel, Gaming & Leisure [Member] | Equity - 17.92% Membership Interest [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [1] 0.00%  
Par Amount [5]  
Fair Value [7]  
Amortized Cost [9]  
High Tech Industries [Member] | Senior Secured First Lien Term Loan [Member] | DataOnline Corp. [Member]    
% of Net Assets [3],[4]   3.24%
Par Amount [3],[6]   $ 4,812,500
Maturity [3]   Nov. 13, 2025
Fair Value [3],[8]   $ 4,764,375
Amortized Cost [3],[10]   $ 4,812,500
High Tech Industries [Member] | Equity 625,548 Class A Units [Member] | FST Holdings Parent, LLC [Member]    
% of Net Assets [1] 7.23%  
Par Amount [5] $ 625,548  
Fair Value [7] 11,160,752  
Amortized Cost [9] $ 10,000,000  
High Tech Industries [Member] | Revolving Credit Facility [Member] | DataOnline Corp. [Member]    
% of Net Assets [3],[4]   0.48%
Par Amount [3],[6]   $ 714,286
Maturity [3]   Nov. 13, 2025
Fair Value [3],[8]   $ 707,143
Amortized Cost [3],[10]   $ 714,286
Insurance [Member] | Equity - 100,000 Units [Member] | NSG Captive, Inc. [Member]    
% of Net Assets [1],[12],[22] 0.06%  
Par Amount [5],[12],[22] $ 100,000  
Fair Value [7],[12],[22] 100,000  
Amortized Cost [9],[12],[22] $ 100,000  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan C [Member] | NVTN LLC [Member]    
% of Net Assets [1],[12],[22] 0.00%  
Par Amount [5],[12],[22] $ 11,506,159  
Maturity Dec. 31, 2026  
Fair Value [7],[12],[22]  
Amortized Cost [9],[12],[22] $ 7,570,055  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan C [Member] | London Interbank Offered Rates (LIBOR) [Member] | NVTN LLC [Member]    
% of Net Assets [3],[4],[23],[26],[27]   0.00%
Par Amount [3],[6],[23],[26],[27]   $ 11,506,159
Maturity [3],[23],[26],[27]   Dec. 31, 2024
Fair Value [3],[8],[23],[26],[27]  
Amortized Cost [3],[10],[23],[26],[27]   $ 7,570,055
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan B [Member] | NVTN LLC [Member]    
% of Net Assets [1],[12],[22],[37] 10.97%  
Par Amount [5],[12],[22],[37] $ 17,552,420  
Maturity [37] Dec. 31, 2026  
Fair Value [7],[12],[22],[37] $ 16,911,757  
Amortized Cost [9],[12],[22],[37] $ 13,916,082  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [2],[3],[4],[27],[33],[34]   0.99%
Par Amount [2],[3],[6],[27],[33],[34]   $ 13,029,115
Maturity [2],[3],[27],[33],[34]   Jan. 31, 2024
Fair Value [2],[3],[8],[27],[33],[34]   $ 1,459,249
Amortized Cost [2],[3],[10],[27],[33],[34]   $ 7,767,533
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Delayed Draw Term Loan [Member] | London Interbank Offered Rates (LIBOR) [Member] | NVTN LLC [Member]    
% of Net Assets [3],[4],[23],[38],[39]   4.91%
Par Amount [3],[6],[23],[38],[39]   $ 7,309,552
Maturity [3],[23],[38],[39]   Dec. 31, 2024
Fair Value [3],[8],[23],[38],[39]   $ 7,214,856
Amortized Cost [3],[10],[23],[38],[39]   $ 7,309,885
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Delayed Draw Term Loan [Member] | NVTN LLC [Member]    
% of Net Assets [1],[12],[22] 3.57%  
Par Amount [5],[12],[22] $ 5,500,000  
Maturity Dec. 31, 2026  
Fair Value [7],[12],[22] $ 5,500,000  
Amortized Cost [9],[12],[22] $ 5,616,309  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Super Priority Delayed Draw Term Loan [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [2],[3],[4],[33],[34]   1.31%
Par Amount [2],[3],[6],[33],[34]   $ 1,920,960
Maturity [2],[3],[33],[34]   Jan. 31, 2024
Fair Value [2],[3],[8],[33],[34]   $ 1,920,960
Amortized Cost [2],[3],[10],[33],[34]   $ 1,920,960
Hotel, Gaming & Leisure [Member] | Equity - 1,000 Class A Units [Member] | NVTN LLC [Member]    
% of Net Assets [1],[12],[22] 0.00%  
Par Amount [5],[12],[22],[28] $ 1,000  
Fair Value [7],[12],[22]  
Amortized Cost [9],[12],[22] $ 21,450,924  
Hotel, Gaming & Leisure [Member] | Equity - 1,000 Class A Units [Member] | London Interbank Offered Rates (LIBOR) [Member] | NVTN LLC [Member]    
% of Net Assets [3],[4],[23],[26]   0.00%
Par Amount [3],[6],[23],[26]   $ 1,000
Fair Value [3],[8],[23],[26]  
Amortized Cost [3],[10],[23],[26]   $ 9,550,924
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Delayed Draw Term Loan One [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [2],[3],[4],[33],[34]   0.60%
Par Amount [2],[3],[6],[33],[34]   $ 875,749
Maturity [2],[3],[33],[34]   Jan. 31, 2024
Fair Value [2],[3],[8],[33],[34]   $ 875,749
Amortized Cost [2],[3],[10],[33],[34]   $ 875,749
Hotel, Gaming & Leisure [Member] | Equity - 17.92% Membership Interest One [Member] | Black Angus Steakhouses, LLC [Member]    
% of Net Assets [2],[3],[4],[26]   0.00%
Par Amount [2],[3],[6],[26]  
Fair Value [2],[3],[8],[26]  
Amortized Cost [2],[3],[10],[26]  
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan B [Member] | Maritime Wireless Holdings LLC [Member]    
% of Net Assets [2],[3],[4],[33],[34]   5.10%
Par Amount [2],[3],[6],[33],[34]   $ 7,500,000
Maturity [2],[3],[33],[34]   May 31, 2027
Fair Value [2],[3],[8],[33],[34]   $ 7,500,000
Amortized Cost [2],[3],[10],[33],[34]   $ 7,373,166
Hotel, Gaming & Leisure [Member] | Senior Secured First Lien Term Loan B [Member] | London Interbank Offered Rates (LIBOR) [Member] | NVTN LLC [Member]    
% of Net Assets [3],[4],[23],[26],[27]   3.43%
Par Amount [3],[6],[23],[26],[27]   $ 17,552,420
Maturity [3],[23],[26],[27]   Dec. 31, 2024
Fair Value [3],[8],[23],[26],[27]   $ 5,037,547
Amortized Cost [3],[10],[23],[26],[27]   $ 13,916,083
Hotel, Gaming & Leisure [Member] | Equity - 500,000 Class A Units [Member] | Maritime Wireless Holdings LLC [Member]    
% of Net Assets [2],[3],[4],[26]   6.91%
Par Amount [2],[3],[6],[26]   $ 500,000
Fair Value [2],[3],[8],[26]   10,150,000
Amortized Cost [2],[3],[10],[26]   $ 5,000,000
Banking, Finance, Insurance & Real Estate [Member] | First Lien Term Loan [Member] | CB&L Associates Holdco I, LLC [Member]    
% of Net Assets [3],[4],[11]   3.53%
Par Amount [3],[6],[11]   $ 5,916,102
Maturity [3],[11]   Nov. 01, 2025
Fair Value [3],[8],[11]   $ 5,191,380
Amortized Cost [3],[10],[11]   $ 4,990,179
Banking, Finance, Insurance & Real Estate [Member] | Equity - 117,310 Class C Preferred Units [Member] | Chimera Investment Corp. [Member]    
% of Net Assets [3],[4],[11],[40]   1.44%
Par Amount [3],[6],[11],[40]   $ 117,310
Fair Value [3],[8],[11],[40]   2,116,271
Amortized Cost [3],[10],[11],[40]   $ 2,884,724
Banking, Finance, Insurance & Real Estate [Member] | Equity - 163,601 Class D Preferred Units [Member] | Chimera Investment Corp. [Member]    
% of Net Assets [4],[11]   2.32%
Par Amount [6],[11]   $ 163,601
Fair Value [8],[11]   3,414,353
Amortized Cost [10],[11]   $ 3,463,275
Banking, Finance, Insurance & Real Estate [Member] | Equity Certificates [Member] | Copper Property CTL Pass Through Trust [Member]    
% of Net Assets [3],[4]   4.23%
Par Amount [3],[6]   $ 597,795
Fair Value [3],[8]   6,217,067
Amortized Cost [3],[10]   $ 7,547,670
Banking, Finance, Insurance & Real Estate [Member] | Equity - 205,000 Class C Preferred Units [Member] | Invesco Mortgage Capital, Inc. [Member]    
% of Net Assets [3],[4],[11],[41]   2.71%
Par Amount [3],[6],[11],[41]   $ 205,000
Fair Value [3],[8],[11],[41]   3,989,300
Amortized Cost [3],[10],[11],[41]   $ 5,035,506
Banking, Finance, Insurance & Real Estate [Member] | Equity - 97,426 Class C Preferred Units [Member] | MFA Financial, Inc. [Member]    
% of Net Assets [3],[4],[42]   1.26%
Par Amount [3],[6],[42]   $ 97,426
Fair Value [3],[8],[42]   1,856,940
Amortized Cost [3],[10],[42]   $ 2,318,487
Banking, Finance, Insurance & Real Estate [Member] | Equity - 165,000 Class E Preferred Units [Member] | New York Mortgage Trust, Inc. [Member]    
% of Net Assets [3],[4],[11],[43]   2.50%
Par Amount [3],[6],[11],[43]   $ 165,000
Fair Value [3],[8],[11],[43]   3,677,850
Amortized Cost [3],[10],[11],[43]   $ 4,102,076
Banking, Finance, Insurance & Real Estate [Member] | Equity - 206,684 Class B Preferred Units [Member] | Rithm Capital Corp [Member]    
% of Net Assets [3],[4],[11],[44]   3.20%
Par Amount [3],[6],[11],[44]   $ 206,684
Fair Value [3],[8],[11],[44]   4,695,860
Amortized Cost [3],[10],[11],[44]   $ 5,129,170
Banking, Finance, Insurance & Real Estate [Member] | Fund Investment [Member] | Tamarix Capital Partners II, L.P. [Member]    
% of Net Assets [3],[4],[11]   0.54%
Par Amount [3],[6],[11]  
Fair Value [3],[8],[11]   792,346
Amortized Cost [3],[10],[11]   $ 1,026,818
Banking, Finance, Insurance & Real Estate [Member] | Equity - 226,107 Common Units [Member] | Franklin BSP Realty Trust, Inc. [Member]    
% of Net Assets [3],[4],[11]   2.04%
Par Amount [3],[6],[11]   $ 226,107
Fair Value [3],[8],[11]   2,993,657
Amortized Cost [3],[10],[11]   $ 3,572,788
Banking, Finance, Insurance & Real Estate [Member] | Equity 29,500 Common Units [Member] | PennyMac Financial Services, Inc. [Member]    
% of Net Assets [3],[4],[11]   1.34%
Par Amount [3],[6],[11]   $ 29,500
Fair Value [3],[8],[11]   1,964,700
Amortized Cost [3],[10],[11]   $ 1,921,275
Banking, Finance, Insurance & Real Estate [Member] | 7.875% Senior Secured Note [Member] | PHH Mortgage Corp. [Member]    
% of Net Assets [3],[4]   4.66%
Par Amount [3],[6]   $ 7,686,000
Maturity [3]   Mar. 15, 2026
Fair Value [3],[8]   $ 6,845,344
Amortized Cost [3],[10]   $ 6,895,720
Consumer goods: Non-durable [Member] | Equity - 3.8% Membership Interest [Member] | Global Accessories Group, LLC One [Member]    
% of Net Assets [3],[4]   0.00%
Par Amount [3],[6]   $ 380
Fair Value [3],[8]  
Amortized Cost [3],[10]   $ 151,337
Retail [Member] | Equity - 700,000 Class A Preferred Units [Member] | SMART Financial Operations, LLC [Member]    
% of Net Assets [3],[4]   0.67%
Par Amount [3],[6]   $ 700,000
Fair Value [3],[8]   978,140
Amortized Cost [3],[10]   $ 700,000
High Tech Industries [Member] | Equity - 625,548 Class A Units One [Member] | FST Holdings Parent, LLC [Member]    
% of Net Assets [2],[3],[4]   6.81%
Par Amount [2],[3],[6]   $ 625,548
Fair Value [2],[3],[8]   10,000,003
Amortized Cost [2],[3],[10]   $ 10,000,000
[1] Percentage is based on net assets of $154,203,403 as of June 30, 2024.
[2] Affiliated Investments are defined by Investment Company Act of 1940 Act, as amended (the “1940 Act”), as investments in companies in which the Company owns between 5% and 25% outstanding voting securities or is under common control with such portfolio company.
[3] All of our investments are domiciled in the United States. Certain investments also have international operations.
[4] Percentage is based on net assets of $146,705,535 as of September 30, 2023.
[5] Par amount is presented for debt investments and the amount includes accumulated payment-in-kind (“PIK”) interest, as applicable, and is net of repayments, while the number of shares or units owned is presented for equity investments. Par amount is denominated in U.S. Dollars (“$”) unless otherwise noted.
[6] Par amount is presented for debt investments and the amount includes accumulated payment-in-kind (“PIK”) interest, as applicable, and is net of repayments, while the number of shares or units owned is presented for equity investments. Par amount is denominated in U.S. Dollars (“$”) unless otherwise noted.
[7] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (see Note 4).
[8] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (see Note 4).
[9] Net unrealized depreciation for U.S. federal income tax purposes totaled $(37,433,007). The tax cost basis of investments is $271,114,372 as of June 30, 2024. The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
[10] Net unrealized depreciation for U.S. federal income tax purposes totaled $(38,550,032). The tax cost basis of investments is $265,010,723 as of September 30, 2023. The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
[11] The investment is not a qualifying asset as defined under Section 55(a) of 1940 Act, in a whole, or in part. As of September 30, 2023, non-qualifying assets represented 20.21% of total assets.
[12] Substantially all of our investments are domiciled in the United States. Certain investments also have international operations.
[13] The investment is not a qualifying asset as defined under Section 55(a) of 1940 Act, in a whole, or in part. As of June 30, 2024, non-qualifying assets represented 18.95% of total assets.
[14] Credit Spread Adjustment (“CSA”)
[15] The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2024 was 5.34%
[16] This investment represents a Level 2 security in the ASC 820 table as of June 30, 2024 (see Note 4).
[17] The interest rate on this investment is fixed-to-floating and will shift to 3 month LIBOR plus a 5.64% spread on 8/15/2024.
[18] This investment represents a Level 1 security in the ASC 820 table as of June 30, 2024 (see Note 4).
[19] The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2024 was 5.32%.
[20] The investment has an unfunded commitment as of June 30, 2024 (see Note 8), and fair value includes the value of any unfunded commitments. The negative cost, if applicable, is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value, if applicable, is the result of the capitalized discount on the loan.
[21] Affiliated Investments are defined by the 1940 Act as investments in companies in which the Company owns between 5% and 25% outstanding voting securities or is under common control with such portfolio company.
[22] Control Investments are defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[23] Control Investments are defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[24] The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2023 was 5.27%.
[25] This investment earns 0.50% commitment fee on all unused commitment as of September 30, 2023, and is recorded as a component of interest income on the Consolidated Statements of Operations.
[26] Non-income producing security.
[27] The investment was on non-accrual status as of September 30, 2023.
[28] Non-income producing security.
[29] The investment was on non-accrual status as of June 30, 2024.
[30] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 4.743% spread on 9/30/2025.
[31] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 5.29% spread on 9/27/2027.
[32] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 6.429% spread on 1/15/2025.
[33] Credit Spread Adjustment (“CSA”)
[34] The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2023 was 5.32%.
[35] The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2024 was 5.25%.
[36] The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2023 was 5.17%.
[37] The interest rate on these loans is subject to the monthly Applicable Federal Rate, which as of June 30, 2024 was 5.01%.
[38] The interest rate on these loans is subject to 1 month LIBOR, which as of September 30, 2023 was 5.43%.
[39] The investment has an unfunded commitment as of September 30, 2023 (see Note 8), and fair value includes the value of any unfunded commitments. The negative cost, if applicable, is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value, if applicable, is the result of the capitalized discount on the loan commitment.
[40] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 4.743% spread on 9/30/2025.
[41] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 5.29% spread on 9/27/2027.
[42] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month LIBOR plus a 5.345% spread on 3/31/2025.
[43] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month SOFR plus a CSA of 0.262% plus a 6.429% spread on 1/15/2025.
[44] The interest rate on this preferred equity is fixed-to-floating and will shift to 3 month LIBOR plus a 5.64% spread on 8/15/2024.